World Bulletin / News Desk
The Islamic Development Bank (IDB) on Tuesday officially launched a $500 million fund to strengthen science, technology and innovation in the Muslim World.
The launch of the fund, which would support scientists in 57 IDB member countries, was made at the IDB's 43rd Annual Meeting in capital Tunis.
The fund had been announced for the first time in Kazakhstan in September 2017, by the IDB President, Dr. Bandar Hajjar.
Hajjar said the fund had great potential to create an innovation ecosystem in developing countries.
"It is not only about sharing ideas, it is also about funding," he added.
He said 57 IDB member countries face challenges in development and many of them could not solve their problems on their own.
The IDB wants to bring together developers to share value and build capacity among member countries, he said.
He said science, technology, innovation and entrepreneurship were needed in an enabling environment.
"The IDB wants to be a catalyst so that people can lead the process of development," he added.
Brad Smith made a case for a government initiative to lay out rules for proper use of facial recognition technology, with input from a bipartisan and expert commission.
This year's sector showpiece event, opening Monday, will be buzzing on the back of rapid changes in the industry, as US titan Boeing and European arch rival Airbus vie for superiority in the skies.
MEERkat sets stage for Square Kilometre Array project, to allow astronomers to see the sky in unprecedented detail
Prominent users see follower counts decrease by millions after removal of accounts deemed suspicious or fraudulent
Social media giant fined £500,000 ($663,042) for failing to protect users’ private information
The deal marks the biggest overseas foray yet for Tesla, which is looking to expand into global markets, plans that faced a potential threat from the intensifying China-US trade row.
Floating robot is first AI-powered machine to help astronauts complete tasks aboard ISS
Turk Telekom supports increase of competition for higher Internet penetration in Turkey
‘We believe in future of Turkey and we will continue our investments without deceleration,’ says Renault Group’s COO
There was panic across the world today after WhatsApp went down this morning. Whatsapp is having login issues since 2:06 AM EDT.
New study reveal Curiosity rover found ancient organic molecules and seasonal methane gas shifts
Tech giant's Turkey chief aims to take local enterprise to global market
Apple is seeking slightly more than a billion dollars in damages, while Samsung wants a figure closer to $28 million.
His firm behind the project -- "The Boring Company" -- wants to create tunnels that link up with existing subway lines to "complement the system".
As global car giants race for an advantage in the world's largest car market, the Shanghai Commission of Economy and Information Technology awarded the two licences for BMW's 7 Series sedans on Monday, the regulator said.
Prime Minister Sheikh Hasina says Bangabandhu Satellite-1 will revolutionize telecom, broadcast sectors