
Central Bank of Egypt Signs MoU with Hayah Karima Foundation to Advance Sustainable Community Development
The Central Bank of Egypt (CBE) signed a Memorandum of Understanding (MoU) with 'Hayah Karima' Foundation to boost volunteering efforts that support sustainable social development projects and promote economic empowerment for the most vulnerable segments of society across various governorates.
The MoU was signed by Ms. Ghada Tawfik, Sub-Governor of the CBE for Corporate Social Responsibility, and Ms. Ohoud Wafi, Chairperson of 'Hayah Karima' Foundation's Board of Trustees, at the premises of the CBE.
This comes in light of the CBE's unwavering commitment to advancing society and strengthening partnerships with relevant stakeholders to enhance citizens' welfare. Under the MoU, efforts will be coordinated to implement integrated social development initiatives, aiming to improve living conditions and achieve Egypt's Vision 2030.
In this regard, the CBE will actively engage in volunteering activities organized by the Foundation through its employees, supporting initiatives of mutual interest.
This approach aligns with the objectives of volunteering, which aim to empower individuals to actively participate in development, strengthen social equality, foster solidarity among segments of society, and promote values of compassion, commitment, and responsibility. It also underscores the significance of this partnership as a foundation for an integrated model that simultaneously combines social development with the optimal use of human resources, reflecting the capacity of national institutions to create a meaningful and sustainable impact on citizens' lives.
In the same context, the CBE launched a parallel initiative, 'Together We Make an Impact,' to deepen the concept of institutional volunteering within the banking sector, recognizing it as a cornerstone of sustainable social development. The initiative aims to promote a culture of volunteerism among banking sector employees, and to channel their potentials into effective tools that create a tangible impact on societal development and progress
تم نسخ الرابط
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


See - Sada Elbalad
an hour ago
- See - Sada Elbalad
World Bank Unlocks Over $1.3 Billion for Iraq, Syria, and Lebanon
Taarek Refaat In a region long defined by conflict, resilience, and the struggle to rebuild, a powerful signal of international support has emerged. The World Bank has approved a sweeping $1.3 billion funding package for three nations—Iraq, Syria, and Lebanon—each facing different, yet deeply intertwined challenges. This isn't just about money. It's about a long-awaited recognition: that healing nations require more than political promises—they need power grids, functioning railways, and cleared streets. They need to be rebuilt from the foundation up. Syria For Syria, the approval of a $146 million grant marks a small but vital lifeline. After more than 14 years of war, the country's power sector is nearly unrecognizable—shattered substations, collapsed transmission lines, and a crippling shortage of fuel have made daily life unbearable for millions. The World Bank's grant will be directed toward rebuilding electricity networks, enabling more Syrians to access reliable, affordable power. But more than that—it's about reclaiming normalcy, neighborhood by neighborhood. This move also carries symbolic weight: an international acknowledgment that Syria's recovery must begin, and the power to rebuild must not remain in the dark. Iraq: Rails Toward a New Economy In Iraq, the story is one of potential and pressure. With a $930 million investment, the World Bank is betting on the revival of Iraq's railway system—not just to move cargo, but to move the country forward. This is the largest portion of the funding package, and for good reason. Efficient, modern transport links are the backbone of trade and employment, and Iraq's railways have long been neglected. If implemented wisely, this project could: Reduce dependency on oil Create thousands of jobs Enhance national trade routes And re-connect isolated regions to Iraq's urban centers In a region where roads often divide, rails might unite. Lebanon Few countries have endured as many layers of crisis as Lebanon. Economic collapse, political paralysis, and the devastating 2020 Beirut explosion have all left deep scars. The $250 million allocated to Lebanon will target infrastructure repair and debris removal in war-affected and neglected areas. The goal isn't just to restore roads and water systems—it's to begin healing the invisible damage: the loss of trust, the erosion of public services, the despair in everyday life. By rebuilding the physical spaces of Lebanon, there's hope that a new social contract might emerge—one where the state shows up, and people begin to believe again. More Than Funding These projects won't solve everything. But they do represent something rare and needed: a coordinated investment in recovery, not just emergency aid. The World Bank's decisions suggest a turning point—perhaps the start of a more serious international effort to help the region not just survive, but stand on its own feet again. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean


Al-Ahram Weekly
6 hours ago
- Al-Ahram Weekly
Egypt participates in Afreximbank forum in Nigeria to boost African trade ties - Economy
Central Bank of Egypt (CBE) Governor Hassan Abdullah is among 6,000 participants from over 80 countries attending the African Export-Import Bank (Afreximbank) forum, which opened its 32nd annual meetings in Abuja, Nigeria on Wednesday, focusing on trade, innovation, and South–South cooperation. The event, which runs from 25 June through 27 June, brings together central bankers, heads of state, investors, and economists, including African and Caribbean leaders. This year's meetings—held under the theme Building the Future on Decades of Resilience—come at a time of rising pressure on African economies to accelerate integration, attract investment, and deepen private sector engagement. Speakers include Nigerian President Bola Ahmed Tinubu, former President Olusegun Obasanjo, and African Union Commissioner Albert Muchanga. Also on the agenda are AfCFTA Secretary-General Wamkele Mene, business leaders Aliko Dangote and Tony Elumelu, and economists Jeffrey Sachs and Kishore Mahbubani. The meetings are expected to generate new partnerships and funding commitments across trade, infrastructure, and industrial development, particularly under the African Continental Free Trade Area. Organizers say upcoming announcements will focus on expanding cross-border payments, boosting Africa–Caribbean ties in trade and tourism, and formalizing private sector roles in shaping economic policy. Afreximbank will also elect a new president this week, ending the current leadership's 10-year tenure. Follow us on: Facebook Instagram Whatsapp Short link:

bnok24
8 hours ago
- bnok24
Central Bank of Egypt and 'Hayah Karima' Foundation Sign MoU to Foster Sustainable Social Development and Promote Volunteering Culture
The Central Bank of Egypt (CBE) signed a Memorandum of Understanding (MoU) with 'Hayah Karima' Foundation to boost volunteering efforts that support sustainable social development projects and promote economic empowerment for the most vulnerable segments of society across various governorates The MoU was signed by Ms. Ghada Tawfik, Sub-Governor of the CBE for Corporate Social Responsibility, and Ms. Ohoud Wafi, Chairperson of 'Hayah Karima' Foundation's Board of Trustees, at the premises of the CBE This comes in light of the CBE's unwavering commitment to advancing society and strengthening partnerships with relevant stakeholders to enhance citizens' welfare. Under the MoU, efforts will be coordinated to implement integrated social development initiatives, aiming to improve living conditions and achieve Egypt's Vision 2030 In this regard, the CBE will actively engage in volunteering activities organized by the Foundation through its employees, supporting initiatives of mutual interest This approach aligns with the objectives of volunteering, which aim to empower individuals to actively participate in development, strengthen social equality, foster solidarity among segments of society, and promote values of compassion, commitment, and responsibility. It also underscores the significance of this partnership as a foundation for an integrated model that simultaneously combines social development with the optimal use of human resources, reflecting the capacity of national institutions to create a meaningful and sustainable impact on citizens' lives In the same context, the CBE launched a parallel initiative, 'Together We Make an Impact,' to deepen the concept of institutional volunteering within the banking sector, recognizing it as a cornerstone of sustainable social development. The initiative aims to promote a culture of volunteerism among banking sector employees, and to channel their potentials into effective tools that create a tangible impact on societal development and progress Google News تابعونا على تابعونا على تطبيق نبض CBECentral Bank of EgyptGhada Tawfik جاري التحميل ...