Palestinian students in Gaza City. While Palestinian children can expect to complete 12.2 years of schooling, they are only learning the equivalent of eight years, says World Bank. Reuters
Palestinian students in Gaza City. While Palestinian children can expect to complete 12.2 years of schooling, they are only learning the equivalent of eight years, says World Bank. Reuters
Palestinian students in Gaza City. While Palestinian children can expect to complete 12.2 years of schooling, they are only learning the equivalent of eight years, says World Bank. Reuters
Palestinian students in Gaza City. While Palestinian children can expect to complete 12.2 years of schooling, they are only learning the equivalent of eight years, says World Bank. Reuters

World Bank approves $20m funding for Palestinian education sector


Aarti Nagraj
  • English
  • Arabic

The World Bank approved an investment of $20 million into the Palestinian education sector as part of its multiphase programmatic approach to support an eight-year scheme that addresses key education challenges in the occupied West Bank and Gaza.

The programme — Supporting an Education Reform Agenda for improving Teaching, Assessment and Career Pathways — seeks to improve education outcomes of primary and secondary pupils and increase student pathways leading to tertiary education.

While Palestinian children can, on average, expect to complete 12.2 years of schooling, they are only learning the equivalent of eight years, the World Bank said in a statement on Monday.

Seratac, which has an overall envelope of $60m, aims to tackle the root causes of poor quality education through a long-term, systemic approach.

“We are proud to adopt a long-term investment in the Palestinian education sector, the first multi-phase programmatic approach in the education sector at the World Bank," said Kanthan Shankar, the global bank's country director for the occupied West Bank and Gaza.

"Not only does it ensure a nationwide visible impact on learning outcomes, but it also provides equal opportunity for every child performing below grade level. Through this progressive education reform agenda, we share the common goal with the Palestinian Authority to develop and unlock the full potential of its human capital."

The Covid-19 pandemic hit the education sector in Palestine hard, with access worsening for all the 1.3 million pupils, the World Bank said in a separate report.

"E-learning channels leave behind the most vulnerable children, and therefore the ministry adopted the cohort system dividing children into two small groups to receive face-to-face instruction at school at least three times per week," it said.

In October, the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), which supports the education of children in schools, appealed for $120m in funding to keep 550,000 children in school, provide health care and pay salaries for its 28,000 staff members.

The education sector needs an "extended engagement to fulfil the promise of human capital", the World Bank report said.

Palestinian girls wearing masks amid the Covid-19 pandemic leave their school in Gaza City. AFP
Palestinian girls wearing masks amid the Covid-19 pandemic leave their school in Gaza City. AFP

Seratac will support the Ministry of Education’s efforts to raise foundational skills of Palestinian primary schoolchildren through improvements to early grade Arabic language arts instruction (reading, writing, speaking, and listening) in Grades 1 to 4 and the promotion of positive school and classroom climates.

The programme will also strengthen pupils’s science, technology, engineering and maths (Stem) skills through improved pre-service and in-service teacher training and the roll-out of an adaptive learning initiative.

It will also develop a career guidance system to help secondary school pupils make informed career choices.

“Gradually, these components will build towards the long-term vision of Seratac: a first cohort of Palestinian students who have completed a course of high-quality general education and is ready to enter the labour market or tertiary education on a strong footing. Education should be a race where everyone wins,” said Samira Nikaein Towfighian, a senior economist at the World Bank and co-task team leader.

Seratac will also strengthen the Palestinian pupil assessment system to gradually reform the secondary school leaving examination (Tawjihi) and create a more "inclusive pathway to tertiary education, including technical vocational colleges", the statement said.

“After a decade-long absence from international large-scale assessments, West Bank and Gaza will be able to construct comparable trends in Palestinian student learning outcomes over time that continuously inform policymaking and provide essential information on which to base decisions regarding school and system improvement, focused on the central goal of student learning”, said Samira Ahmed Hillis, World Bank's programme leader for human development and co-task team leader.

Education should be a race where everyone wins
Samira Nikaein Towfighian,
World Bank senior economist and co-task team leader

Palestine's economy is largely dependent on foreign aid and grants, and in May last year, the World Bank approved a $30m development policy grant to support digital initiatives in the country to strengthen its economy and improve governance.

Earlier this month, the International Monetary Fund said that Palestine's economy is recovering from the pandemic-induced recession and grew an estimated 6 per cent in 2021 overall. But the economy in Gaza, which is under an Israeli blockade, is estimated to have grown by only 2 per cent.

Despite the recovery, Palestine's gross domestic product is projected to reach its pre-pandemic level only by the end of 2023, because the economy faces a "fiscal crisis", the IMF said.

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The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
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6025 – Dh20
6027 – Dh 100
6026 – Dh 200

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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Mini John Cooper Works Clubman and Mini John Cooper Works Countryman

Engine: two-litre 4-cylinder turbo

Transmission: nine-speed automatic

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Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes

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6.30pm: Al Maktoum Challenge Round-3 – Group 1 (PA) $65,000 (Dirt) 2,000m

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Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

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16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

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Takreem Awards winners 2021

Corporate Leadership: Carl Bistany (Lebanon)

Cultural Excellence: Hoor Al Qasimi (UAE)

Environmental Development and Sustainability: Bkerzay (Lebanon)

Environmental Development and Sustainability: Raya Ani (Iraq)

Humanitarian and Civic Services: Women’s Programs Association (Lebanon)

Humanitarian and Civic Services: Osamah Al Thini (Libya)

Excellence in Education: World Innovation Summit for Education (WISE) (Qatar)

Outstanding Arab Woman: Balghis Badri (Sudan)

Scientific and Technological Achievement: Mohamed Slim Alouini (KSA)

Young Entrepreneur: Omar Itani (Lebanon)

Lifetime Achievement: Suad Al Amiry (Palestine)

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

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What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

While you're here
The Matrix Resurrections

Director: Lana Wachowski

Stars:  Keanu Reeves, Carrie-Anne Moss, Jessica Henwick 

Rating:****

Four-day collections of TOH

Day             Indian Rs (Dh)        

Thursday    500.75 million (25.23m)

Friday         280.25m (14.12m)

Saturday     220.75m (11.21m)

Sunday       170.25m (8.58m)

Total            1.19bn (59.15m)

(Figures in millions, approximate)

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Updated: May 15, 2023, 3:37 PM