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Page 5 - சர்வதேச ஒத்துழைப்பு ரானியா அல் மஷத் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Greater cooperation between nations has been silver lining of COVID-19: Egyptian minister

RIYADH: One of the unexpected benefits to emerge from the coronavirus pandemic has been the need for increased cooperation between nations, according to Egypt’s Minister of International Cooperation Rania Al-Mashat. A boost in support for small businesses and the realization that countries depend on each other and cannot survive alone were further benefits, Al-Mashat told Arab News. She said that COVID-19 had created a global level of partnership that had boosted the process of health care, further emphasizing the narrative that multilateralism is the future. “I think there is a silver lining in COVID and what we have seen is government support to private households and private firms first, as different countries were providing liquidity to make sure that businesses don’t completely come to a halt,” Al-Mashat said in an interview on the sidelines of the Future Investment Initiative (FII) in Riyadh last week.

Women should be at the heart of the global post-pandemic recovery

It will take years to fully assess the impact of Covid-19 on global health systems, societies, economies and governments. However, in a number of areas, the devastation brought about by the pandemic is already clear. In addition to the death of over 2 million people because of the novel coronavirus, and the immense loss that their families will have to contend with, there are societal ramifications that must be recognised and addressed. Around the world, women are witnessing tangible regression in the areas of hard-won progress they made over the past few years. From bearing the larger burden of home-schooling to facing elevated levels of job losses, women have suffered throughout the past year. And the facts are evident. While women represent 39 per cent of global employment, they have accounted for 54 per cent of overall job losses during the pandemic, according to the management consulting firm McKinsey. The World Economic Forum says that many women are working a “double-double

ITFC provides trade funding to Egypt

ITFC provides trade funding to Egypt Published by: Andrew Mizner at 15/01/2021 Egypt will benefit from USD 1.1 billion through a new programme from the International Islamic Trade Fina. Egypt will benefit from USD 1.1 billion through a new programme from the International Islamic Trade Finance Corporation. The International Islamic Trade Finance Corporation (ITFC) has agreed a new programme which will provide USD 1.1 billion to Egypt in the form of integrated trade solutions. The ITFC, part of the Islamic Development Bank Group (IsDB), previously provided USD 3 billion to Egypt in a programme that ended in 2018. That funding was intended for food commodities, crude oil and petroleum, as well as to strengthen value chains, help the growth of small and medium-sized enterprises (SME) growth and develop trade.

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