QATAR CHARITY, SILATECH SIGN AGREEMENT TO SUPPORT ARAB YOUNG ENTREPRENEURS

DOHA, Qatar, Sept 22 – Qatar Charity and Silatech on Sunday signed an agreement, to support Arab young entrepreneurs, based on a memorandum of
understanding, signed last year, to strengthen cooperation in fund-raising campaigns, technology and technical assistance, Qatar New Agency (QNA) reported.

Under the agreement, Qatar Charity is to finance projects worth QR 1,000,852 (app. USD 300,000) in six Arab countries, including Palestine.

The agreement was signed by Qatar Charity Chief Executive Officer (CEO), Yousef bin Ahmad Al Kuwari and Silatech CEO, Tarik Mohamed Yousef.

The two entities will work together to support Arab young entrepreneurs, through Silatech “Narwi” micro-giving platform.

Speaking at the signing ceremony, Al Kuwari said that, the move reflected the true partnership between Qatar Charity and Silatech, to help unemployed youths in the Arab region, by creating development projects, to curb poverty in the targeted countries.

For his part, Silatech CEO praised the existing cooperation between the two entities and hoped for further cooperation, to implement additional projects in this framework.

Silatech connects entrepreneurs who are just starting out, with financing and assistance. It works with banks and other financial institutions, to open up much-needed finance opportunities for young entrepreneurs, while providing them with training and other support, to help their new businesses succeed.

Qatar Charity is a non-governmental organisation, set up for the development of needy local and international communities, by working in the fields of sustainable development, reducing poverty, disaster relief and emergency response.

SOURCE: QNA

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