Latest news with #CIRAEducation
Zawya
10-04-2025
- Business
- Zawya
CIRA Education opens Saxony Egypt University
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. (
Zawya
07-04-2025
- Business
- Zawya
Egypt: CIRA Education eyes expansion in Saudi market
Arab Finance: Cairo for Investment and Real Estate Development (CIRA Education) is exploring opportunities to expand business in the Saudi market, according to a bourse disclosure. The announcement followed acquisition transactions between the company's main shareholder, Social Impact Capital Ltd. (SIC), and the Saudi Egyptian Investment Company (SEIC). CIRA Education also unveiled investments of EGP 1.4 billion in establishing Saxony Egypt University (SEU), scheduled to open on April 9th. This is in addition to opening a university project in New Damietta, which was announced in Al Ahly CIRA for Educational Services' EGP 700 million expansion plans for two academic years. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
31-01-2025
- Business
- Zawya
Egypt: CIRA Education's consolidated profits drop 79.52% YoY in 3 months
CIRA Education recorded consolidated net profits attributable to the parent company of EGP 178.466 million in the three-month period ended November 30th, up by 79.52% year on year (YoY) from EGP 99.411 million, according to a statement on January 30th. Revenues grew to EGP 1.015 billion in the three-month period of last year from EGP 803.7 million in the same period a year earlier. At the level of the standalone statement, the company incurred net losses after tax of EGP 161.177 million from September to November last year, rising from EGP 109.054 million over the corresponding period of the prior year. Meanwhile, standalone revenues rose to EGP 239.762 million from EGP 172.743 million. CIRA is an Egypt-based company, operating in the investment field across diversified sectors, including education, construction and real estate, healthcare, information technology, and support services. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
