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Al-Shura Approves New Cooperation Deals
The Shura Council approved several memoranda of understanding and international cooperation agreements, including one with the Kenyan government to promote direct investment, with the UNESCO Regional Center for Quality in Education, and with the Saudi Broadcasting Authority and its Moroccan counterpart to enhance media cooperation. Additionally, a memorandum was approved concerning the management and employment of domestic workers with Kenya. The annual report of the Social Development Bank was also discussed, during which council members addressed the development of participatory financing models and facilitating beneficiaries’ access to funding, with an emphasis on measuring the impact of programs and diversifying financing products. The council also reviewed the annual report of the Small and Medium Enterprises Bank, highlighting the importance of considering guarantees and the effectiveness of financing. Lastly, the annual report of the Tourism Development Fund was discussed.
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