Princess Maha Bint Mishari: Women, Youth Participation in Labor Productivity Crucial for Human Capital Investment

Princess Maha Bint Mishari, Asharq Al-Awsat
Princess Maha Bint Mishari, Asharq Al-Awsat
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Princess Maha Bint Mishari: Women, Youth Participation in Labor Productivity Crucial for Human Capital Investment

Princess Maha Bint Mishari, Asharq Al-Awsat
Princess Maha Bint Mishari, Asharq Al-Awsat

Saudi Princess Maha Bint Mishari, who is co-leading the migration and young societies task force at the Think 20 (T20) engagement group of the G20, revealed that recommendations presented by her team to the G20 presidency promote increased productivity by investing in human capital.

Proposals by the task force focus on boosting productivity through increasing youth and women involvement.

“Young societies are a necessary and important component at the present time, especially in the Arab region, and specifically in Saudi Arabia, which has a high percentage of youth,” Princess Maha noted.

She also pointed out the importance of raising technical awareness, especially with regard to distance education, and called for building a special infrastructure for distance learning.

Princess Maha, in an interview with Asharq Al-Awsat, said that the T20 taskforce she is overseeing dealt with the file of migration and young societies through the scope of macro and microeconomic policies, unemployment, education, the labor market, intergenerational participation, regional conflicts, and voluntary and forced migration.

Recommendations endorsed by the taskforce, according to Princess Maha, will aid in achieving the social and economic integration of refugees and migrants and help provide basic services and education for migrant and refugee children.

They will also diagnose the social, political and economic impacts of migrants, and migration mechanisms.

As for challenges emanating from demographic change, Princess Maha said that the taskforce had proposed a score of measures that could help.

These measures include extending the retirement age, investing in education, vocational and technical training, expanding the financial framework, as well as considering public spending tax reforms, comprehensive reforms of public pensions, social security and healthcare schemes.

On how to divide global burdens resulting from forced migration, Princess Maha said: “The G20 Protocol on Forced Migration solves the problem of dividing the burdens of forced migration, and guarantees life in safety and dignity.”

She also suggested integrating immigrants through training and education.

This will help bridge the employment gap in host countries where the elderly are predominant in the population.

Princess Maha stressed that investing in the education and training of local immigrants will improve the prospects for their integration.

She called for the establishment of a virtual communication network dedicated to offering advisory services to refugees to facilitate integration in host countries.

This can be achieved through launching refugee portals in which all government educational, medical and legal services are provided.



Third ‘Mirkaz AlBalad AlAmeen Platform’ to Open in Makkah on Sunday 

A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)
A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)
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Third ‘Mirkaz AlBalad AlAmeen Platform’ to Open in Makkah on Sunday 

A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)
A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)

The third edition of the “Mirkaz ABalad AlAmeen”, a leading platform for exchanging opportunities in Makkah, will kick off on Sunday, under the theme “Makkah Inspires the World.”

The platform, organized by the Holy Makkah Municipality, will feature 15 exceptional Ramadan evenings focused on dialogue, knowledge exchange, and cross-sector engagement.

Makkah Mayor Musad Aldaood said the platform redefines development from Makkah, where faith meets inspiration and values are transformed into a comprehensive civilizational experience.

He noted that the initiative reflects the ambitions of Saudi Vision 2030 and showcases Makkah to the world as a living model of creativity, leadership, and innovation.

The upcoming edition will host more than 65 speakers, including executive leaders and decision-makers from across all three sectors, alongside futurists, entrepreneurs, and leading voices in culture and inspiration from artists, writers, media professionals, and innovators.

The program targets 12 key sectors: technology and digital transformation, financial investment, communications and media, real estate development, transport and logistics, banking services, youth and sports, tourism and culture, hospitality and catering, Hajj and Umrah, the third sector, and healthcare.


Saudi Arabia’s Mawani Grants Unified License to Global Shipping Line 

The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector. (Mawani)
The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector. (Mawani)
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Saudi Arabia’s Mawani Grants Unified License to Global Shipping Line 

The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector. (Mawani)
The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector. (Mawani)

The Saudi Ports Authority (Mawani) granted on Thursday a unified license to international shipping line Global Shipping Line (PIL), officially recognizing it as an authorized foreign investor to operate maritime agencies in the Kingdom's ports, reported the Saudi Press Agency.

The license is issued in accordance with the regulations outlined in the Maritime Agency Services, reflecting Mawani's commitment to boosting the efficiency of the maritime sector and improving the quality of operational services provided at ports.

It aims to attract global expertise and facilitate knowledge transfer within the Kingdom, aligning with international best practices in the maritime transport industry.

The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector.

PIL, which operates from its regional headquarters in Riyadh, manages operations in 29 countries.

The move strengthens the Kingdom's position as a crucial logistics hub, in line with the National Transport and Logistics Strategy, while attracting more international shipping lines. It reinforces Saudi Arabia's role as a key link among three continents.


IMF: Restoring Lebanon's Economic Growth Will Require Comprehensive Reforms

FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo
FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo
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IMF: Restoring Lebanon's Economic Growth Will Require Comprehensive Reforms

FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo
FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo

Lebanon's economy has shown resilience despite conflicts in the region, with tourism fueling a bit of a rebound, but restoring growth will require comprehensive reforms, the International Monetary Fund said on Thursday.

IMF spokeswoman Julie Kozack said the global lender remains engaged in complex discussions with Lebanese ‌authorities following their ‌request for an IMF-supported ‌program ⁠in March 2025. The ⁠IMF sent a staff mission to Beirut earlier this month, said Reuters.

The talks have been focused on two big issues, she said, citing the need for banking sector restructuring and a medium-term fiscal ⁠strategy. "The economy has shown resilience ‌despite the impact ‌of conflicts in the region. It has had ‌a bit of a rebound ‌on the back of tourism from the strong diaspora," Kozack said.

"But at the same time, really restoring strong and sustainable growth will ‌require a comprehensive set of reforms to tackle some of the ⁠structural ⁠weaknesses that have really hampered Lebanon's economic performance for many years," she said. Reforms also are needed to attract international support to help Lebanon address its substantial reconstruction needs.

Kozack said Lebanon needs an updated medium-term fiscal framework that includes concrete measures to mobilize additional revenues for much-needed capital spending, as well as a sovereign debt restructuring to restore debt sustainability.