Ukraine to Step Up COVID-19 Support to Export-oriented SMEs with World Bank Financing
Published 5 hours ago
The World Bank’s Board of Executive Directors approved today $100 million in Additional Financing for the country’s COVID-19 response under the Ukraine Access to Long Term Finance Project.
The Ukrainian state-owned Ukreximbank (UEB) is a borrower and implementing agency of the ongoing Bank project, Access to Long Term Finance, and the additional funds will be used by the UEB to provide loans to export-oriented small and medium enterprises (SMEs) affected by the Covid-19 pandemic. The project is focused on providing sub-loans of longer maturity than are currently present on the market.
Saudi Arabia is future-proofing its tourist market as the country recovers from a pandemic slump
Updated 22 May 2021
May 21, 2021 22:32
JEDDAH: As the pandemic appears to recede and the global travel sector returns to life, Saudi Arabia is bringing in heavyweights to help promote the country to an international audience looking for new horizons to explore.
In much of the world, tourists are waking up to new travel protocols and countries are finding new strategies to recover from the pandemic’s effects.
Others, such as Saudi Arabia, are tapping into the relatively new concept of “domestic tourism,” while also welcoming international visitors who want to discover hidden gems.
Thursday, 15 April, 2021 - 11:45
The new amendments to the executive regulations of the White Land Tax (WLT) program stipulate three implementation phases, Asharq Al-Awsat Riyadh - Bandar al-Mosalam
Saudi Arabia’s Council of Ministers approved on Tuesday a set of amendments to the executive regulations of the White Land Tax (WLT) program, in a move that will boost the Kingdom’s development march and supply of real estate.
According to the Ministry of Municipal and Rural Affairs and Housing, the WLT program is being implemented in its first phase in Riyadh, Jeddah, Dammam and Makkah.
The total payment orders in the four cities reached about 5,500 for a total area exceeding 411 million square meters.
Thursday, 8 April, 2021 - 08:45
A Saudi woman works to serve customers at a food shopping center in Jeddah (AFP) Damam – Iman al-Khataf
This week, Saudi Arabia’s Council of Ministers adopted a national policy focused on preventing child labor, improving social work and social protection mechanisms, raising awareness and promoting quality education opportunities for all children in the Kingdom.
Although the policy strictly bans employing children under the age of 15, it conditionally approves for those between the ages of 13 to 15 to do some light jobs for a limited period of time.
“The Council’s decision to issue a national policy for preventing child labor provides a conducive environment for protecting children and building a society in which they enjoy their rights,” said Haila Al-Mukairish, a senior executive at the Saudi Family Affairs Council.
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