Monshaat offers SR691 million government fee refunds to Saudi SMEs

Updated 02 December 2019

Monshaat offers SR691 million government fee refunds to Saudi SMEs

RIYADH: The Small and Medium Enterprises (SMEs) General Authority (Monshaat) has paid SR691 million ($185 million) to 7,500 small- and medium-sized companies as part of the government fee refunding initiative.

Monshaat’s Gov. Saleh Al-Rasheed revealed the details during a meeting organized by the Riyadh Chamber in the presence of its chairman, Ajlan Al-Ajlan, and several businesspeople, professionals and business stakeholders.

Al-Ajlan highlighted the importance of raising the contribution of this group of enterprises to the gross domestic product. 

Al-Rasheed said that the most prominent initiatives of “ease of doing business” in cooperation with the Labor Ministry were to issue nine visas to full-time employees of enterprises, provide a grace period of one year for registration and to enroll newly appointed Saudi employees in the Nitaqat program as soon as being registered in the social security fund. Other initiatives include the Saudization of leadership positions and supporting the employment of those enrolled in the “Incentive” program and other initiatives.

Al-Rasheed said that Monshaat had established business support centers that formed an integrated environment to provide the training programs, consultancy and guidance services needed by entrepreneurs. SPA Riyadh


Students in Saudi Arabia to continue remote learning in September

Updated 35 min 51 sec ago

Students in Saudi Arabia to continue remote learning in September

  • The new school year is due to start on August 30, 2020
  • Intermediate and high school students will begin their school days at 7am, while elementary schools will begin at 3pm.

JEDDAH: Students of all levels are to resume the new school year through remote learning for a period of seven weeks, the Saudi Minister of Education Dr. Hamad Al-Shaikh has announced.
The decision was made after coordinated discussions with the relevant authorities as the Kingdom is still confronting the ramifications of the COVID-19 pandemic.
The minister said that an exception will be made for university and technical school students with practical curriculums who are required to attend courses in person.
Due to the pandemic, the Kingdom accelerated the e-learning process through its accredited platforms. Virtual classes will be given through Vschool.sa as teachers will be required to attend their virtual classrooms remotely. School curriculums will be provided on the iEN platform, the Kingdom’s national education portal.
The ministry and relevant authorities will assess the situation for the rest of the first semester at the end of the seven weeks and see whether to allow students to return to their classrooms.
According to the ministry, intermediate and high school students will begin their school days at 7am, while elementary schools will begin at 3pm.
The new school year is due to start on August 30, 2020.