Obama Hosts Presidential Summit on Entrepreneurship



U.S. President Barack Obama speaks at the Presidential Summit on Entrepreneurship at the Ronald Reagan Building in Washington, DC. Obama has announced a string of new educational and entrepreneurial exchanges with Muslim nations, in a bid to honor his promise to forge a new beginning with Islam. Source: France 24

U.S. President Barack Obama is hosting a conference of more than 250 entrepreneurs from 50 countries, many with large Muslim populations, to encourage greater economic ties between the United States and the Muslim world. 

Fulfilling a pledge he made in his Cairo speech to the Muslim world last June, President Obama invited to Washington successful business and social entrepreneurs to strengthen America’s engagement with Muslim-majority countries.

In a speech to the summit, Mr. Obama announced new programs designed to bring together entrepreneurs, so they can learn from one other.

“The United States is launching several new exchange programs,” said President Obama. “We will bring business and social entrepreneurs from Muslim-majority countries to the United States and send their American counterparts to learn from your countries. 

The president announced a new program to assist women in technology fields who will have the opportunity to come to the United States for internships and professional development.

“And since innovation is central to entrepreneurship, we are creating new exchanges for science teachers,” said Mr. Obama. “We are forging new partnerships in which high-tech leaders from Silicon Valley will share their expertise in venture capital, mentorships, technology incubators, with partners in the Middle East, in Turkey and Southeast Asia.”

President Obama said that a Global Technology and Innovation fund he announced last year in Cairo has the potential to mobilize more than $2 billion in private capital for investment in sectors like telecommunications, health care, education and infrastructure. Mr. Obama said a second summit on entrepreneurship will be held next year in Turkey.

U.S. Secretary of Commerce Gary Locke opened the conference, saying that boosting Muslim business would help not only the Islamic world, but also would advance U.S. security and trade.

Locke says it is time the United States broadened its relationship with the world’s Muslims through stronger economic partnerships.

“This entrepreneurial force extends across our respective shores,” said Gary Locke. “It unites America and Muslim-majority countries in a shared vision of promise.”

The two-day conference brings together established business people, young entrepreneurs, government officials, bankers and other experts.

Indonesian entrepreneur Sandiaga Uno lost his job during the Asian economic crisis in the late-1990s.

Uno says he started his own business simply to pay off credit card debt and put food on his table. More than a decade later, he is estimated by Forbes magazine to be worth about $400 million. 

“I basically, successfully, built the first private equity firm in Indonesia, focusing on natural resources and infrastructures, from four employees to about 15,000 employees now in Indonesia,” said Sandiaga Uno.

Palestinian Waed al Taweel is a 20-year-old student from the West Bank town of Ramallah. With help from a mentor at the Arab Bank, she and her friends entered a contest for young entrepreneurs and started an event planning business.

In seven months, her shareholders earned a 200 percent profit on their investment.

“So it was a great opportunity for us to learn how businesses are made,” said Waed al Taweel. “And we learned that a good idea can succeed in Palestine, if we have the determination, the perseverance to work on it even if we were young or not really experienced in this field.”

Topics at the conference include innovation and technology, encouraging youth entrepreneurship and empowering women in business.



5 Comments

  1. Samdu is so obsessed that he expresses intolerable pain due to some of the sensible Muslims (God bless all those who have their heads on them by which they make real difference from the terrorists) that they did not pay the perceived evil by the planned evil… All Muslims in particular and humanity in general shall live together in peace only after the cleansing of the heart of people like Samdu by the blood of the Saviour and His mediatory services.

    In the meantime, asking for Palestine in Israel is totally unethical view. If Muslims do not show maturity to accept the ancient Nation of Israel in their patriarchal homeland, this will always be considered their wrong that provokes strife in humanity leading to destruction of each other. Peace and prosperity with absence of suspicion against each other is the desired goal of all sensible human beings and any effort made to that objective should not be resisted with bigoted interpretation. The sincere efforts of the American President working for peace and inclusion should not be opposed by any ideology. Only the devil gets sick when he sees peace among human beings, the creature in God’s image. (Some may oppose this doctrine yet as a Zionist view although no alternative view works justice to bring peace on earth …)

  2. Salam alaikum,

    I agree with Samdu 100%. Some muslims are so stupid. That is why the women are losing respect for the muslim men. Samdu is so right Obama is not much better than Bush, and I am an African-American who was behind Obama during the campaign.

  3. Muslims are the most stupid, humiliated and for-no-reason excited people. What Obama is doing is keep on attacking the nerve of the Muslim nations. He shamefully revamped the nuclear doctrine by openly including the clause of attacking Iran with nuclear weapons. How can you tolerate a nuclear threat openly. Where is the condemnation? He has increased the military by many times in Afghanistan and killing Muslims like sheep. Muslims are outsheeping even Sheep. Obama also shamefully support the brutal dictators like Mubarak and he has completely failed to stop Israeli settlements. What more? He has recently threatened Syria vowing to use all the power. Thousands and thousands of Muslims are being butchered by Obama, the commander in theif. Why Muslims are so shameful people? Even Norman Finkelstein also asked the same question? Remember, Bush levelled many parts of Beirut, and openly demonstrated jubiliation both by Bush and Rice (Birth of Prangs). Immeidately thereafter, Lebanon put red carpet for both of them. Norman Finkelstein openly scorned the Muslims for the shameful behaviour. And few comedians who may be attending this (stupid business) conference just for photo op and they will put his picture in their drawing rooms. How can you even attend such conference summoned by a Muslim murderer. Please! Where is the human dignity? Try the same murderous attacks on Hindu India or Jewish Israel. Just try. Respect is earned, not granted. Muslims are the most despicable people on this planet. They have everything, but respect and honour. They have oil, gas, food resources, nuclear weapons, human resources, but no respect. No honour. Why America threatens Iran every day? They know Iran is the only power than is challenging the wester hegemony. These sheep who are attending these conference do not give hoot. The want picture in their drawing room for the next 50 years.

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