Late Saudi artist Munira Musalli honored

Artist Munira Musalli is pictured during an exhibition in 2016. (Photo courtesy: Hafez Gallery via Instagram)
Updated 13 January 2019
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Late Saudi artist Munira Musalli honored

RIYADH: Prince Badr bin Abdullah bin Farhan, the Minister of Culture, today directed naming one of the art galleries in the kingdom after late fine artist Munira Ahmed Mohammed Musalli in recognition of her contributions and achievements in supporting the fine arts in Saudi Arabia.

Artist Munira Musalli passed away on Friday.

Born in 1954 in the holy city of Makkah, Munira studied in the Faculty of Fine Arts in the Egyptian capital of Cairo.

She received her Diploma in Design from the US in 1979. She worked in the same year at Saudi Aramco as director of publications in the Department of Relations.
 


Monshaat spends over SR800m on 824 enterprises

Updated 1 min 18 sec ago
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Monshaat spends over SR800m on 824 enterprises

RIYADH: The Small and Medium Enterprises General Authority (Monshaat) announced that 824 enterprises (SMEs) had benefitted from its indirect lending initiative to the tune of over SR800 million ($213 million) on Tuesday.

Authorized by the Saudi Arabian Monetary Authority (SAMA), 17 companies have become partners in the initiative, helping to raise the funds. The indirect lending initiative, launched by Monshaat in cooperation with the Social Development Bank, aims to provide low-cost loans for SMEs and entrepreneurs in the Kingdom.

Monshaat designed it so that guarantors and lenders came from a diverse range of backgrounds, sharing the burden across the Saudi private sector and widening the reach of their investments. The initiative was launched with resources of SR1.6 billion.

Monshaat urged male and female entrepreneurs and owners of SMEs to visit its website idl.monshaat.gov.sa to benefit from the initiative, where they will be able to check all the details related to the initiative and the partners authorized by SAMA.

The initiative is an important cog in the Kingdom’s broader economic and social outlook, which aims to help boost SMEs to the point that they contribute up to 35 percent of Saudi gross domestic product by 2030.