Latest news with #JürgenSchulz
Zawya
26-05-2025
- Business
- Zawya
Egypt, Germany sign $493.15mln financial cooperation agreement
Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, signed a financial cooperation agreement (FCA) worth €118 million (EGP 6.7 billion) with Jürgen Schulz, Germany's Ambassador to Egypt, according to a statement. The FCA includes a €32 million grant to support the establishment of 25 Egyptian Centers of Excellence to support the technical education initiative. This is in addition to a total of €86 million, comprising €54 million concessional financing and €32 million grants, to finance the ACWA Power (1) and ACWA Power (2) wind power interconnection project. In line with the Nexus of Water, Food, and Energy (NWFE) program, this project is expected to generate 1,100 megawatts of wind power. A new tranche under the debt swap program has also been signed at a value of €21 million (EGP 1.2 billion) to improve sustainable and renewable energy supplies. This tranche was signed between the Central Bank of Egypt (CBE), the Ministry of Electricity and Renewable Energy, the Egyptian Electricity Holding Company (EEHC), and the KfW Development Bank. With this agreement, the value of the debt swap tranches executed between Egypt and Germany rises to approximately €297 million, equivalent to EGP 16.8 billion. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Daily News Egypt
24-03-2025
- Business
- Daily News Egypt
New German ambassador presents credentials to Egypt's President Al-Sisi
Germany's new ambassador to Egypt, Jürgen Schulz, presented his credentials to President Abdel Fattah Al-Sisi on Monday during an official ceremony held in Cairo. Following the presentation, Ambassador Schulz emphasised the significance of the relationship between Germany and Egypt, characterising Egypt as a strategic partner for Germany in areas encompassing foreign policy, economic collaboration, cultural exchange, and scientific cooperation. Schulz conveyed his dedication to reinforcing bilateral connections across a range of sectors. He reaffirmed his commitment to enhancing German-Egyptian cooperation in ways that serve the shared interests of both nations. Prior to this appointment, Schulz, a career diplomat, held positions at German embassies in Ankara and New York. He also served in significant roles within Germany's diplomatic service. Recently, Schulz travelled to North Sinai, where he conducted an assessment of the conditions in Arish and at the Rafah border crossing. During this visit, he engaged with local authorities and representatives from aid organisations to discuss initiatives aimed at alleviating the humanitarian crisis in Gaza. The German ambassador commended Egypt's continuous efforts to provide humanitarian assistance to Gaza and to facilitate the delivery of aid. He highlighted these actions as evidence of the robust relationship between the two countries. Schulz holds a degree in economics from Ruhr University Bochum in Germany. His personal interests include classical music, sports, and contemporary literature.
Al-Ahram Weekly
26-02-2025
- Politics
- Al-Ahram Weekly
German, French embassies hold panel on protection of marine ecosystems in Egypt - Society
The Embassies of Germany and France in Egypt hosted a panel discussion at the Institut Français d'Egypte titled 'Elevating Ocean Solutions for Climate Action: Bridging Science, Policy, and Implementation'. The event was held on Tuesday in preparation for the Third United Nations Ocean Conference (UNOC 3), scheduled for June 2025 in Nice, France. It brought together key stakeholders to address pressing marine and climate challenges. Approximately 150 attendees from Egypt, France, and Germany, including policymakers, scientists, and civil society representatives, addressed the global significance of oceans in climate change and focused on Egypt's role in marine protection. In addition, the participants in the event emphasized the need for more substantial commitments under the Paris Agreement. They highlighted the ongoing ratification of the United Nations BBNJ Agreement (Biodiversity Beyond National Jurisdiction), a landmark international treaty to bolster multilateral marine protection. Furthermore, the event constituted part of the Cairo Climate Talks, an initiative by the German Embassy fostering dialogue between Egypt and Germany on environmental and energy-related issues. The event is also a part of Blue Talks, a global program spearheaded by France in the lead-up to UNOC 3. Éric Chevallier, Ambassador of France to Egypt, and Jürgen Schulz, Ambassador of Germany to Egypt, inaugurated the session. 'The protection of the oceans and marine ecosystems is a priority for us,' stated Ambassador Chevallier. 'As we approach the 10th anniversary of the Paris Agreement of 2015, France is preparing to host the 3rd United Nations Ocean Conference. Addressing climate change is a shared responsibility, and Egypt, like France and Germany, plays a crucial role in marine protection,' he added. On the other hand, Ambassador Schulz underscored the necessity of cooperation to combat climate change effects and achieve marine protection. 'Sustainable solutions to safeguard our oceans and climate can only be developed through strong synergies between science, policy, and practice. Collaboration is key to driving real change,' he emphasized. Follow us on: Facebook Instagram Whatsapp Short link:
