Latest news with #EconomicDevelopmentandInternationalCooperation
Egypt Independent
a day ago
- Business
- Egypt Independent
PM chairs high committee meeting on GEM opening ceremony preparations
Prime Minister Mostafa Madbouly chaired a high-level meeting Tuesday, July 22, 2025, of the supreme committee tasked with organizing the Grand Egyptian Museum (GEM) opening ceremony, which is expected to be one of the most significant cultural events in modern Egyptian history. The meeting brought together key cabinet members and senior officials including Minister of Planning, Economic Development and International Cooperation Rania el-Mashat, Minister of Finance Ahmed Kouchouk, Minister of Tourism and Antiquities Sherif Fathy, Minister of Civil Aviation Sameh el-Hefny, Cairo Governor Ibrahim Saber Khalil and Giza Governor Adel el-Naggar. Madbouli emphasized that the decision to delay GEM's opening was made with the intention of delivering a world-class event that truly honors the grandeur of ancient Egyptian civilization, while ensuring broad international participation and optimal global attention. Cabinet spokesperson Mohamed al Homsany stated that the committee reviewed key logistical and organizational elements of the ceremony including the detailed agenda of the celebratory events, hotel accommodations for international guests, transportation logistics and the dispatch of invitations to prominent global figures and dignitaries. The meeting also evaluated ongoing development projects in the vicinity of the museum, including landscaping, aesthetic enhancements, upgrades to public squares and lighting systems, and irrigation network installations, he said. Representatives from United Media Services (UMS) presented their latest updates on the ceremonial and media preparations, including visuals, logistics, stage management and global media outreach, he said.
See - Sada Elbalad
2 days ago
- Business
- See - Sada Elbalad
Al-Mashat, WB Regional Director Discuss Advancing Multilateral Co-op to Enhance Economic Development in Egypt
Nada Mustafa Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, held a meeting with Mr. Stephane Guimbert, Regional Director of the World Bank for Egypt, Yemen, and Djibouti, to discuss avenues to strengthen joint cooperation to achieve economic development in Egypt. The Minister of Planning, Economic Development and International Cooperation discussed with the World Bank Regional Director the joint efforts to enhance economic development by leveraging the World Bank's international expertise and capabilities, emphasizing the importance of the partnership with the World Bank Group as a knowledge partner to the Egyptian government. Where joint work is underway to develop a comprehensive implementation plan to achieve economic development in cooperation with ministries and national entities, aiming to support macroeconomic stability, provide development financing, promote industrial development and trade, mobilize foreign direct investment (FDI), and increase investment in human capital. H.E. also highlighted the Ministry's efforts to implement the national narrative for economic development, which includes several pillars such as the preparation of the National Strategy for Industrial Development, which aims to increase exports, and enhance the value-added of manufacturing industries, and expand the contribution of the green economy to the GDP, as well as on enhancing integration and coherence between the FDI strategy and industrial development, supporting the labor market strategy focused on skills, and promote investment in human capital. She pointed out that this document comes within the framework of the effort to formulate a unified development discourse that reflects the state's priorities, enhances the consistency of macroeconomic policies, and serves as a common reference for the government, international institutions, and development partners. The meeting also discussed updates regarding the World Bank's portfolio, including the Universal Health Insurance Project, the Sustainable Rural Sanitation Services Program, and the Takaful and Karama Program. Discussions also covered the latest developments in the Upper Egypt Local Development Program and the Cairo-Alexandria Trade Logistics Development Project, which is being implemented in cooperation with the National Railways Authority of Egypt (NRA). For his part, Mr. Stephane Guimbert, Regional Director of the World Bank for Egypt, presented an overview of a new global health initiative led by the World Bank, which aims to expand basic health coverage to an additional 1.5 billion people worldwide, focusing on middle- and low-income countries. The idea of Egypt joining as a key participant in this initiative was raised in light of its significant progress in health sector reforms, particularly through the implementation of the Universal Health Insurance system, which is considered one of the largest social protection projects in the region. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier 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 Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks
Middle East
16-07-2025
- Business
- Middle East
OPEN// PM highlights role of ahleya universities in offering diverse educational opportunities
NEW ALAMEIN CITY, July 16 (MENA) - Prime Minister Mostafa Madbouli has emphasized the importance of ahleya (private and non-profit national) universities and their role in offering diverse educational opportunities that contribute to preparing qualified cadres for both local and international labor markets. He also highlighted their role in enhancing the competitiveness of educational institutions, supporting and stimulating innovation and entrepreneurship, and improving the quality of education across various fields and sectors that are of priority for the Egyptian state, in line with global developments in these sectors. Madbouli made the remarks as he chaired a meeting on Wednesday at the government headquarters in New Alamein City to follow up on ahleya university system. The meeting was attended by Minister of Planning, Economic Development and International Cooperation Rania el Mashat, Minister of Higher Education and Scientific Research Ayman Ashour, President of Helwan University El Sayed Kandil, President of Mansoura University Sherif Khater, President of Assiut University Ahmed el Minshawy, and President of Cairo University Mohamed Sami Abdelsadek. The meeting was also attended by former president of Ain Shams University and Head of the Business Studies Sector at the Supreme Council of Universities Hussein Essa, Assistant Minister of Higher Education and Scientific Research for Policies and Economic Affairs Mohamed el Sharkawy, and Assistant Minister of Finance for Public Budget Affairs Ali El Sisi, among other officials. During the meeting, the higher education minister presented a comprehensive proposal for the national education system in Egypt based on establishing an integrated entity that includes academic and service bodies such as universities, hospitals, and logistical services. (MENA) I S N/S R E
Egypt Independent
12-07-2025
- Business
- Egypt Independent
Planning min. lauds significant progress in Egypt-UK development coop.
Minister of Planning, Economic Development and International Cooperation Rania al-Mashat lauded the significant progress in development cooperation between Egypt and the UK. Al-Mashat made the remarks during her participation in a farewell ceremony for British Ambassador in Cairo Gareth Bayley, whose tenure in Egypt ended. The ceremony was attended by a large number of public figures, as well as representatives of the British Egyptian Business Association (BEBA). The minister highlighted the ambassador's effective role since 2021 in advancing Egyptian-British relations and enhancing partnerships between the two countries' public and private sectors. Regarding the remarkable boom in Egyptian-British development cooperation, Mashat said the UK has backed the launch of the Nexus of Water, Food and Energy (NWFE) Program and the launch of the Hub for Advisory, Finance and Investment for Enterprises (Hafiz) platform, which serves as a new financial and technical support platform for the private sector. The minister added that the UK contributed to diversifying innovative funding sources for the public and private sectors in Egypt, strengthening financing mechanisms for small and medium-sized enterprises, in addition to supporting startups in climate action. On his part, the British diplomat commended the strong and historical ties between Egypt and the UK, both at the governmental level and within the private sectors of both nations. He shed light on the projects supported by the UK in Egypt, including the 'NWFE' program, which acts as a tool for mobilizing climate investment and advancing the country's green transition efforts.
Egypt Independent
12-07-2025
- Business
- Egypt Independent
Egypt and China sign 1st phase of debt-for-development swap program
Minister of Planning, Economic Development and International Cooperation, Rania al-Mashat, and the Chairman of the China International Development Cooperation Agency (CIDCA), Chen Xiaodong on Thursday signed five new cooperation documents aimed at boosting Egyptian-Chinese strategic relations. These include a Memorandum of Understanding for the first development cooperation strategy between the two countries for 2025/2029, and the first phase of the debt-for-development swap program. The documents were signed at the Cabinet headquarters in the New Administrative Capital. The signing was witnessed by Egyptian Prime Minister Mostafa Madbouly, and Premier of the State Council of China, Li Qiang. The two sides signed an MoU on the first development cooperation strategy between Egypt and China from 2025-2029. This aims to promote development cooperation between the two countries in line with Egypt's National Development Strategy 2030 and the Global Development Initiative (GDI). The MoU stipulates enhancing cooperation in priority areas for both sides, including healthcare, connectivity, climate change and green development, digital economy, space, education, and industrial localization, which will serve as an opportunity for joint initiatives, as well as any other areas that the two sides may agree upon during this period. The strategy also encourages exploration of additional projects that align with the GDI and Egypt's Vision 2030, including those that promote green transformation and industrial localization. This initiative builds upon the MoU signed by Mashat during her participation in the GDI meetings in July 2023. The two parties also signed the framework agreement for the first phase of a Debt Swap for Development Program, activating an MoU originally signed in October 2023. Egypt is the first country with which CIDCA has entered into this kind of development financing agreement. The Governor of the Central Bank of Egypt (CBE) Hassan Abdalla also signed a MoU with Governor of the People's Bank of China (PBOC) Pan Gongsheng, on Friday, to boost joint collaboration across various areas of mutual interest between the two banks. The signing ceremony at the Egyptian Cabinet was witnessed by the Egyptian Prime Minister Mostafa Madbouly, and Li Qiang, Premier of the State Council of the People's Republic of China, alongside senior officials from both countries. The MoU aims to promote the use of local currency settlements for cross-border financial and trade transactions, while facilitating direct investments between both sides to foster economic integration. It also includes provisions to strengthen cooperation on Central Bank Digital Currencies (CBDC). Additionally, it supports financial innovation using modern technology through conducting joint research and studies, as well as exchanging technical information and expertise. Abdalla affirmed that 'This MoU reflects the evolution of the historic ties between Egypt and China. It demonstrates both institutions' commitment to strengthening partnerships between their respective financial institutions in light of global economic developments.' Further agreements Mashat also signed the exchange of letters for a feasibility study grant for the national project to develop the prosthetics system, amounting to 1,520,000 Chinese Yuan. This project aims to make Egypt a regional hub in the Middle East and Africa for providing prosthetic limbs and assistive devices for people with disabilities, as well as possessing the manufacturing capability for them according to internationally approved standard specifications. Mashat, and the Chairman of the CIDCA, also signed an MoU on strengthening cooperation in human resources development, complementing the Ministry's role as a national coordinator for the annual training program provided by the Chinese side to the Egyptian government. Through this, the Chinese side will provide up to 2,000 training opportunities for Egypt in bilateral and multilateral training programs during the period from 2025-2027. The two sides also signed exchange of letters for the grant for the establishment of a Level-III Biosafety Laboratory, which will provide a secure environment for research, diagnosis, and the development of control measures for highly hazardous pathogens that require strict containment procedures, such as highly infectious viruses like COVID-19 and its variants.
