AIRLINK 188.50 Decreased By ▼ -1.02 (-0.54%)
BOP 12.70 Decreased By ▼ -0.07 (-0.55%)
CNERGY 7.27 Increased By ▲ 0.11 (1.54%)
FCCL 42.60 Increased By ▲ 0.48 (1.14%)
FFL 15.40 Decreased By ▼ -0.14 (-0.9%)
FLYNG 25.24 Increased By ▲ 0.05 (0.2%)
HUBC 133.39 Increased By ▲ 3.30 (2.54%)
HUMNL 14.40 Increased By ▲ 0.08 (0.56%)
KEL 4.76 Increased By ▲ 0.09 (1.93%)
KOSM 6.35 Decreased By ▼ -0.16 (-2.46%)
MLCF 49.44 Increased By ▲ 2.50 (5.33%)
OGDC 210.48 Increased By ▲ 7.73 (3.81%)
PACE 6.42 Decreased By ▼ -0.02 (-0.31%)
PAEL 42.80 Increased By ▲ 1.66 (4.04%)
PIAHCLA 16.91 Decreased By ▼ -0.12 (-0.7%)
PIBTL 8.94 Increased By ▲ 0.23 (2.64%)
POWER 10.71 Increased By ▲ 0.01 (0.09%)
PPL 178.01 Increased By ▲ 5.80 (3.37%)
PRL 35.21 Increased By ▲ 0.44 (1.27%)
PTC 25.02 Increased By ▲ 0.17 (0.68%)
SEARL 96.80 Increased By ▲ 0.08 (0.08%)
SILK 1.11 Increased By ▲ 0.01 (0.91%)
SSGC 31.85 Increased By ▲ 1.27 (4.15%)
SYM 17.65 Decreased By ▼ -0.24 (-1.34%)
TELE 8.36 Decreased By ▼ -0.04 (-0.48%)
TPLP 11.90 Increased By ▲ 0.01 (0.08%)
TRG 63.26 Decreased By ▼ -0.09 (-0.14%)
WAVESAPP 11.58 Decreased By ▼ -0.05 (-0.43%)
WTL 1.48 Decreased By ▼ -0.02 (-1.33%)
YOUW 3.98 Decreased By ▼ -0.07 (-1.73%)
AIRLINK 188.50 Decreased By ▼ -1.02 (-0.54%)
BOP 12.70 Decreased By ▼ -0.07 (-0.55%)
CNERGY 7.27 Increased By ▲ 0.11 (1.54%)
FCCL 42.60 Increased By ▲ 0.48 (1.14%)
FFL 15.40 Decreased By ▼ -0.14 (-0.9%)
FLYNG 25.24 Increased By ▲ 0.05 (0.2%)
HUBC 133.39 Increased By ▲ 3.30 (2.54%)
HUMNL 14.40 Increased By ▲ 0.08 (0.56%)
KEL 4.76 Increased By ▲ 0.09 (1.93%)
KOSM 6.35 Decreased By ▼ -0.16 (-2.46%)
MLCF 49.44 Increased By ▲ 2.50 (5.33%)
OGDC 210.48 Increased By ▲ 7.73 (3.81%)
PACE 6.42 Decreased By ▼ -0.02 (-0.31%)
PAEL 42.80 Increased By ▲ 1.66 (4.04%)
PIAHCLA 16.91 Decreased By ▼ -0.12 (-0.7%)
PIBTL 8.94 Increased By ▲ 0.23 (2.64%)
POWER 10.71 Increased By ▲ 0.01 (0.09%)
PPL 178.01 Increased By ▲ 5.80 (3.37%)
PRL 35.21 Increased By ▲ 0.44 (1.27%)
PTC 25.02 Increased By ▲ 0.17 (0.68%)
SEARL 96.80 Increased By ▲ 0.08 (0.08%)
SILK 1.11 Increased By ▲ 0.01 (0.91%)
SSGC 31.85 Increased By ▲ 1.27 (4.15%)
SYM 17.65 Decreased By ▼ -0.24 (-1.34%)
TELE 8.36 Decreased By ▼ -0.04 (-0.48%)
TPLP 11.90 Increased By ▲ 0.01 (0.08%)
TRG 63.26 Decreased By ▼ -0.09 (-0.14%)
WAVESAPP 11.58 Decreased By ▼ -0.05 (-0.43%)
WTL 1.48 Decreased By ▼ -0.02 (-1.33%)
YOUW 3.98 Decreased By ▼ -0.07 (-1.73%)
BR100 12,026 Increased By 161.7 (1.36%)
BR30 36,105 Increased By 784.7 (2.22%)
KSE100 114,330 Increased By 1529.2 (1.36%)
KSE30 35,612 Increased By 576.2 (1.64%)

ABU DHABI: The director general of the World Trade Organisation, Ngozi Okonjo-Iweala, on Sunday launched a $50 million fund to help female entrepeneurs in developing countries to export more using the opportunities offered by the digital economy.

The announcement came ahead of the 13th ministerial conference of the WTO which opens on February 29 in the United Arab Emirates.

Okonjo-Iweala, speaking alongside the Emirati Minster of State for Foreign Trade Thani al-Zeyoudi, said the “ground-breaking initiative… embodies our collective commitment to empower women”.

WTO chief insists global trade body still counts

“We need catalytic solutions to solve the financing issue that women face,” she added.

The fund will help businesses run by women in developing countries to adopt digital technologies and increase their online presence.

Zeyoudi said his country would contribute $5 million to the fund, adding “this initiative allows us to celebrate the invaluable contribution of women entrepreneurs and women led businesses around the world and to recognise the critical role they play in driving economic growth”.

“While women are one half the world’s population, they only contribute 37 percent to the global GDP,” he said.

Also at the announcement was Saudi Arabian Minister of Commerce Majid al-Kasabi, who called it a “milestone” and said his country was “dedicated” to supporting female empowerment.

Okonjo-Iweala said that in meeting female entrepeneurs, “a common refrain among them is the need for adequate financing to scale their businesses and to tap into the vast opportunities of global trade”.

Comments

Comments are closed.