logo
CIRA Education opens Saxony Egypt University

CIRA Education opens Saxony Egypt University

Zawya10-04-2025

Arab Finance: Cairo for Investment and Real Estate Development (CIRA Education) has inaugurated Saxony Egypt University for Applied Science and Technology (SEU), according to an emailed press release.
The university is Egypt's largest private technological university in the greater Cairo region.
Al Ahly CIRA, a joint venture (JV) between CIRA and Al Ahly Capital Holding, will bring leading German industry expertise from Saxony to Egypt.
The applied science and technology university will introduce a comprehensive range of programs, advanced educational technology, innovative teaching methods, and developed facilities, labs, and workshops to provide students with a unique learning experience.
This project, which represents Egypt's largest investment in technical education, aims at improving the quality of education in the state's technology sector by integrating Saxony's successfully proven industry expertise.
Hassan El Kalla, Chairman of CIRA Education, commented: 'With the launch of SEU, we are actively bringing this mission to life by enhancing skillsets, creating job opportunities, stimulating economic growth, and empowering Egyptian communities for long-term progress.'
Mohamed El-Etreby, CEO of the National Bank of Egypt (NBE) and Chairman of Al Ahly Capital Holding, stated that the inauguration marks a milestone in Egypt's journey towards advancing technical education and fostering innovation.
El-Etreby added that the partnership between Al Ahly Capital and CIRA Education provides key educational opportunities that align with the demands of the global labor market.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EBRD supports Egypt with first private-to-private electricity contracts
EBRD supports Egypt with first private-to-private electricity contracts

Web Release

time19 hours ago

  • Web Release

EBRD supports Egypt with first private-to-private electricity contracts

Energy market reform is taking a major step forward in Egypt as the government approves the first bilateral power purchase agreements between private generators and consumers. As part of a pilot of the private-to-private (P2P) rules, developed with technical support from the EBRD to the Egyptian Electric Utility and Consumer Protection Regulatory Agency (Egypt ERA) and approved last year, four renewable energy projects with a combined capacity of 400 MW have been approved to contract directly with end-consumers of electricity. The four approved projects are: KarmSolar, which will develop a 100 MW solar plant to supply electricity to Suez Steel. AMEA Power, which is building a solar facility of the same size to serve BEFAR Group and the Suez Canal Container Terminal. TAQA PV, which will install 100 MW of hybrid capacity (solar and wind) to power operations at Ezz Steel. Enara, developing a hybrid plant to deliver 100 MW to the El Alamein Silicone Products Company and Helwan Fertilizers. The P2P rules set out the conditions under which generators can use the power grid to sell electricity directly to consumers, a major departure from the existing single-buyer model and a significant step forward in Egypt's efforts to liberalise its electricity market – a goal set out in the 2015 Electricity Law. This approach introduces competition into the electricity sector, expands consumer choice and promotes private investments in renewable energy. It also introduces a path for Egyptian businesses, especially those that are energy-intensive and focused on the export market, to sign agreements directly with renewable energy producers that are increasingly required to prove their low carbon product credentials, for example green hydrogen destined for the European market. Furthermore, given the electricity generation under these contracts will be entirely privately financed, the P2P scheme represents an important route for Egypt to scale up electricity production without the need for government contracts. Mark Davis, the EBRD's managing director for the southern and eastern Mediterranean region, said: 'This milestone shows how the right regulatory framework can unlock private investment and drive the energy transition. By enabling companies to procure green electricity directly from producers, Egypt is opening new opportunities for industry and enhancing its competitiveness. We are proud to have supported EgyptERA in designing this pioneering scheme and will continue working closely as projects move towards implementation.' Dr Mohamed Mousa Omran, the chairman of EgyptERA, said: 'This pilot marks an important step towards a more competitive electricity market in Egypt. By enabling direct agreements between producers and consumers, we are creating space for the private sector to play a greater role in meeting the growing demand for clean energy in Egypt. This is essential for accelerating the deployment of renewables at scale and achieving our long-term energy goals.' The EBRD's technical support is generously funded by the Swiss State Secretariat for Economic Affairs (SECO), a key partner for the Bank in many of its ongoing policy engagements that aim to decarbonise the energy sectors of its countries of operation. This work is being delivered under the EBRD's Renewable Energy Programme, which is currently supporting 16 countries in their development of market-based mechanisms to mobilise private investments. To date, activities under this programme have delivered over 8,500 MW of renewable energy capacity being awarded in 8 countries.

Eurostar to launch new routes to Germany and Switzerland
Eurostar to launch new routes to Germany and Switzerland

Al Etihad

timea day ago

  • Al Etihad

Eurostar to launch new routes to Germany and Switzerland

10 June 2025 14:17 London (AFP) Eurostar said on Tuesday it would launch new direct train routes from London to Frankfurt and Geneva, as potential competitors threaten to break its three-decade monopoly on cross-channel rail new direct routes would open from the early 2030s, in addition to new services from Amsterdam and Brussels to Geneva, the international rail company at the back of positive year-end results, Eurostar said in a statement that it would invest two billion euros (£1.6 billion) in the new services to major European cities and 50 new trains, bringing its total fleet to 67 announcement comes amid "continued demand for international rail travel across Europe", according to Eurostar, which currently operates in the UK, France, the Netherlands, Belgium and it currently has connecting services to Cologne, the new routes will directly serve the German financial capital and global diplomatic hub Geneva."Our new fleet will make new destinations for customers a reality -- notably direct trains between London and Germany, and between London and Switzerland for the first time. A new golden age of international sustainable travel is here," said Eurostar CEO Gwendoline to the rail company, passenger numbers rose to over 19.5 million in 2024, marking a five percent increase from the previous year. It has a target of ferrying 30 million passengers Eurostar Group merges operations of Eurostar which operates in the Channel Tunnel between the UK and France, and Thalys, which runs high-speed rail services from Paris to Amsterdam and German also said it would increase daily services between London, Rotterdam and Amsterdam starting later this year."I am pleased to welcome this exciting investment into Eurostar services, which is a huge step in promoting green travel across Europe and boosting our international rail connections," UK Transport Secretary Heidi Alexander announcements come as Eurostar's three-decade monopoly in the Channel Tunnel looks likely to this year, Britain's Office of Rail and Road opened access to a maintenance depot along the Paris-London route to other firms, removing a hurdle to competitors offering services. Italian railway operator Trenitalia and British billionaire Richard Branson's Virgin Group have since signalled plans to open their own services on the cross-Channel line.

Kissflow Expands to Germany with MicroNova Partnership
Kissflow Expands to Germany with MicroNova Partnership

TECHx

timea day ago

  • TECHx

Kissflow Expands to Germany with MicroNova Partnership

Home » Tech Value Chain » Global Brands » Kissflow Expands to Germany with MicroNova Partnership Kissflow, a leading low-code platform provider, has announced its strategic expansion into Germany. The company identified Germany as a key market in its global growth roadmap. This move comes as Germany experiences rapid growth in enterprise digitization. The country's strong manufacturing base and innovation-driven economy make it a prime target for Kissflow's AI-powered work management solutions. According to Kissflow, the demand for agile, low-code platforms is increasing. Sectors such as automotive, retail, and manufacturing are seeking tools to modernize operations and adapt quickly to changing market needs. Kissflow's platform allows both IT and business users to automate workflows, digitize processes, and harness data more efficiently. It combines simplicity, speed, and intelligence to support digital transformation goals. Prasanna Rajendran, Vice President at Kissflow, said, 'Germany represents the ideal intersection of industrial excellence and digital ambition. It's a market that values both precision and innovation traits that are core to our platform.' To strengthen its local presence, Kissflow has partnered with MicroNova, a German technology and consulting firm. This collaboration will provide German enterprises with: Localized support and process consulting Professional services and training Ralf Rees, Group Manager Consulting at MicroNova, stated, 'With Kissflow's intuitive No-Code Digitization Platform and MicroNova's expert guidance, businesses can digitize processes from single use cases to company-wide solutions.' He added that citizen developers will play a key role in this journey. The partnership aims to help organizations cut costs, improve quality, and drive efficiency. Kissflow also revealed it will launch a suite of AI-driven capabilities in the coming months. These features include: AI-assisted workflow creation Predictive analytics and contextual insights Automated decision-making tools The company reported that these updates will help users increase productivity, reduce errors, and make smarter decisions in real time. Kissflow and MicroNova aim to support German enterprises as they accelerate their digital transformation efforts.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store