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WE HAVE TO GO BACK TO TRADITIONS OF ANCESTORS

Kuwait News Agency - March 7, 2007 Kuwaiti Sheikha Hissa Saad Al-Abdullah Al-Sabah, underlined on Tuesday the need to go back to the traditions of the ancestors prior to the oil discovery era, and stressed the role of women at the economic and political levels. Sheikha Hissa, who is leading Kuwaiti's businesswomen delegation to the International Italian Women Company Gathering run here, said that the invitation for attending the gathering's meetings in Kuwait next year springs from Kuwait's traditions and open policy. She said that Kuwait always had the precedence concerning the relations which it forged with the Arab, regional and internatuonal states. She asserted "we drive for luring Arab and international investments and projects to Kuwait that makes available an atmosphere conducive for investors." The Kuwaiti businesswomen pointed to the role of women projects in the economic development especially for economic decision makers or those doubting the women's role in the economic growth in the societies. She added that Kuwait ranked 57th out of 161 countries having a free economy according to international specialized classifications. Kuwait's economy had recorded nearly 63.7 percent among the other free economies according to an evaluation that was conducted in 2007 with a 1.1 percent hike. She said that Kuwait's exports stood at nearly USD 33.5 billion of crude oil and other petroleum substances, as its imports recorded USD 18.5 billion. The theme of Sheikha Hessa's speech was "The Role of Women-Run Ventures in Economic Growth". The forum is attended by some 450 businesswomen, at least 250 of whom are from southern Mediterranean countries and the Middle East. Eighteen countries are participating in the forum, including Kuwait, Saudi Arabia, Bahrain, Qatar, UAE, Oman, Egypt, Jordan, Lebanon, Algeria, Morocco, Libya, Tunisia and Turkey. Furthermore, the forum welcomed announcement of Sheikha Hessa to host the gathering in Kuwait next year. Italian Prime Minister Romano Prodi described the initiative as "very significant". He said this initiative mirrors keenness of the participants, especially those from the Mediterranean and Italy, on the importance of the main role of women in the development of societies. For her part, Italian Minister for International Trade Emma Bonino thanked the state of Kuwait for accepting to host the forum in Kuwait next year. She expressed hope the forum in Kuwait would also succeed in achieving rapprochement between the Italian and Kuwaiti companies owned by women. Photo: Sheikha Hissa Saad Al-Abdullah Al-Sabah





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