Latest news with #MinistryofEducationandTechnicalEducation
See - Sada Elbalad
27-05-2025
- Business
- See - Sada Elbalad
Egypt, Germany Enhance Economic Partnership with €118 Million Financial Co-op Agreement
Nada Mustafa As part of the strong partnership between the Arab Republic of Egypt and the Federal Republic of Germany, H.E. Dr. Rania A. Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, and H.E. Mr. Jürgen Schulz, the German Ambassador to Egypt, signed a financial cooperation agreement worth €118 million (approximately EGP 6.7 billion). In addition, a new tranche of the Egypt-Germany Debt Swap Program was signed, valued at €21 million (equivalent to EGP 1.2 billion), and aimed at improving renewable energy supply. The event was attended by H.E. Dr. Mahmoud Esmat, Minister of Electricity and Renewable Energy. The financial cooperation agreement encompasses various fields, including a financial support agreement for the Comprehensive Technical Education Initiative. This initiative, benefiting the Ministry of Education and Technical Education, includes a €32 million grant to support the establishment of 25 Egyptian Centers of Excellence (specialized training centers and applied technology schools), by constructing approximately three sector-focused centers of excellence. The agreement also includes €86 million—comprising €54 million in development financing and €32 million in grants—to fund the connection of Aqua Power Stations (1) and (2), enabling the offload of 1,100 megawatts of wind energy. This is part of the energy pillar of the NWFE (Nexus of Water, Food, and Energy) program. Furthermore, H.E. Minister Al-Mashat and the German Ambassador signed a new debt swap agreement involving the Central Bank of Egypt, the Ministry of Electricity and Renewable Energy, the Egyptian Electricity Holding Company, and the German Development Bank (KfW). Valued at €21 million, this agreement will help improve the supply of sustainable and renewable energy. With this signing, the total value of debt swaps implemented between Egypt and Germany rises to approximately €297 million (equivalent to EGP 16.8 billion). In her remarks, H.E. Dr. Rania Al-Mashat emphasized that these agreements further solidify Egypt's partnership with Germany, contributing to economic development, climate action, and investment in human capital. She affirmed that the financial support agreement is part of an ongoing partnership, bolstered under the framework of the Egyptian-European strategic cooperation and backed by both governments' leaderships. H.E. Dr. Al-Mashat also underscored the importance of the €21 million debt swap agreement, which builds on cooperation initiated in 2011. Numerous development projects have been carried out under this framework, and the debt swap program with Germany is a practical application of calls to reform the global financial system. Minister of Electricity and Renewable Energy H.E. Dr. Mahmoud Esmat confirmed that Egypt has undergone a comprehensive infrastructure overhaul and enacted legislative reforms to attract private sector and international investment in electricity and renewable energy, particularly in the renewable energy sector, making Egypt one of the most attractive destinations for investment in this sector. He highlighted the expansion of both solar and wind capacities, driven by both domestic and foreign private sector investment, and praised the Ministry of Planning for its support of the electricity sector and the broader clean energy transition strategy. For his part, the German Ambassador H.E. Mr. Jürgen Schulz stated that Egypt is an important partner for Germany in achieving global climate goals. This is why Germany supports Egypt with expertise and funding in its strategic investments for the future, especially in the expansion of renewable energy. From the very beginning, Germany has supported Egypt's climate initiative NWFE as its largest bilateral partner, with assistance amounting to approximately EGP 15 billion. The projects referred to in the agreement signed by us today will make it possible to supply more than 2.5 million households with green electricity. During COP27, the German government committed €250 million to support the energy pillar of Egypt's country platform for the NWFE program, including €104 million in debt swaps. An agreement worth €54 million was signed in 2023 to support investment in the electricity transmission network and to connect two wind farms—Noes Wind Farm and Amunet Red Sea Wind Farm, with a combined capacity of 500 megawatts—to the national grid. Work is currently underway to sign the second tranche of the debt swap under this program, valued at €50 million. It is worth noting that the debt swap program with Germany is governed by a structured framework to ensure optimal implementation and maximum benefit. The Ministry of Planning, Economic Development, and International Cooperation coordinates with the German side on project selection, negotiates with the German Development Bank and beneficiary national entities, and finalizes technical details and the financing agreement. 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 Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple 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
Daily News Egypt
27-05-2025
- Business
- Daily News Egypt
Germany, Egypt ink €118m finance deal, new €21m debt swap tranche
Egypt and Germany signed a €118m (approx. EGP 6.7bn) financial cooperation agreement to support education and the energy pillar of Egypt's 'NWFE' programme, alongside a new €21m (EGP 1.2bn) debt swap tranche for renewable energy supply. The agreements were signed by Egypt's Minister of International Cooperation, Rania Al-Mashat, and German Ambassador to Egypt, Jürgen Schulz. Egypt's Minister of Electricity and Renewable Energy, Mahmoud Esmat, also attended the signing for the new debt swap tranche, which raises the Egypt-Germany Debt Swap Programme's total value to approximately €297m (EGP 16.8bn). The €118m financial cooperation includes a €32m grant for the Comprehensive Technical Education Initiative, benefiting the Ministry of Education and Technical Education. This aims to establish 25 Egyptian Centres of Excellence by constructing around three sector-focused centres. The agreement also allocates €86m – €54m in development financing and €32m in grants – to connect Aqua Power Stations (1) and (2), enabling the offload of 1,100 megawatts of wind energy for the NWFE (Nexus of Water, Food, and Energy) programme's energy pillar. The separate €21m debt swap agreement involves the Central Bank of Egypt, the Ministry of Electricity and Renewable Energy, the Egyptian Electricity Holding Company, and the German Development Bank (KfW), targeting sustainable and renewable energy supply improvement. Al-Mashat said 'these agreements further solidify Egypt's partnership with Germany, contributing to economic development, climate action, and investment in human capital.' She added that 'the financial support agreement is part of an ongoing partnership, bolstered under the framework of the Egyptian-European strategic cooperation and backed by both governments' leaderships.' Al-Mashat also noted the importance of the '€21m debt swap agreement, which builds on cooperation initiated in 2011. Numerous development projects have been carried out under this framework, and the debt swap program with Germany is a practical application of calls to reform the global financial system.' Electricity Minister Esmat confirmed that 'Egypt has undergone a comprehensive infrastructure overhaul and enacted legislative reforms to attract private sector and international investment in electricity and renewable energy, particularly in the renewable energy sector, making Egypt one of the most attractive destinations for investment in this sector.' He highlighted the 'expansion of both solar and wind capacities, driven by both domestic and foreign private sector investment.' Ambassador Schulz stated, 'Egypt is an important partner for Germany in achieving global climate goals. This is why Germany supports Egypt with expertise and funding in its strategic investments for the future, especially in the expansion of renewable energy.' 'From the very beginning, Germany has supported Egypt's climate initiative NWFE as its largest bilateral partner, with assistance amounting to approximately EGP 15bn. The projects referred to in the agreement signed by us today will make it possible to supply more than 2.5 million households with green electricity,' Schulz added. During COP27, Germany committed €250m to support the energy pillar of Egypt's NWFE programme, including €104m in debt swaps. A €54m agreement was signed in 2023 for electricity transmission network investment and to connect two wind farms (Noes Wind Farm and Amunet Red Sea Wind Farm, combined capacity 500 megawatts) to the national grid. Work is ongoing to sign the second debt swap tranche under this programme, valued at €50m.
See - Sada Elbalad
14-05-2025
- Politics
- See - Sada Elbalad
SAT Testing Resumes in Egypt
Basant Ahmed The U.S. Embassy in Cairo proudly celebrates the resumption of SAT testing in Egypt following an agreement reached today between the Egyptian Ministry of Education and Technical Education and the U.S. educational organization College Board. The return of the SAT represents a significant step forward for Egyptian students seeking international educational opportunities. As a key component of the U.S. university admissions process, the SAT opens doors to global academic institutions, scholarships, and career pathways. Its reintroduction will help ensure that Egyptian students remain competitive and well-prepared for higher education opportunities both in the United States and around the world. The resumption of SAT testing in Egypt marks a notable achievement that reflects the shared commitment of the United States and Egypt to empower youth through education. By restoring access to this vital academic credential, both nations are helping Egyptian students pursue their educational goals and expand their opportunities on the global stage. The College Board will begin offering the digital SAT in Egypt starting with the June 2025 administration, joining over 180 countries already delivering the test in digital format. The SAT will be available at weekend test centers, many of which previously offered the paper-based version. The digital SAT is designed to be more accessible, secure, and student-friendly, while continuing to assess the core skills essential for college and career readiness. Recognized by universities and scholarship programs in the United States and over 85 other countries, the SAT remains a trusted global credential. For those interested in studying in the United States, the U.S. Embassy's EducationUSA program offers free advising services to help explain the process. Education USA services are open to everyone in Egypt. EducationUSA is a U.S. Department of State network that supports international students through more than 430 advising centers in more than 175 countries and territories, providing accurate, comprehensive information about accredited U.S. colleges and universities. To learn more, visit or follow EducationUSA Egypt on Facebook and Instagram. 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 Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
Al-Ahram Weekly
30-04-2025
- Climate
- Al-Ahram Weekly
Dusty winds subside as weather improves in Greater Cairo and northern Egypt - Society
The Egyptian Meteorological Authority (EMA) announced Wednesday a noticeable decrease in wind intensity and airborne dust over Greater Cairo and the northern regions of Egypt, bringing the first signs of weather improvement after turbulent conditions. The Khamasin storm, which had swept across large parts of the country carrying strong winds and dust, is now gradually shifting eastward towards Sinai, according to the Egyptian Meteorological Authority (EMA). However, northern Upper Egypt, including governorates such as Asyut, Minya, and Beni Suef, remains under the influence of stirred-up dust and sand despite the situation easing later in the day compared to earlier. According to the EMA, the dust storm impacted several areas, particularly in the south and along major routes such as the Suez Road. Media reports indicated that Helwan and 6 October City, which experienced strong winds and reduced visibility, were among the areas most affected by the storm, unlike many districts in Cairo, where conditions remained relatively calm. The EMA had issued prior warnings, urging citizens to remain indoors and avoid travel unless necessary. In response, the Ministry of Education and Technical Education announced the closure of all schools across the country on Wednesday in anticipation of the severe weather brought by the storm. The recent storm forms part of the seasonal Khamasin phenomenon, which typically brings dry, dusty winds from the desert, especially during the spring. Further improvements in weather conditions are expected on Thursday, with clearer skies anticipated across more regions. Follow us on: Facebook Instagram Whatsapp Short link:
Al-Ahram Weekly
30-04-2025
- Climate
- Al-Ahram Weekly
Dusty winds subsie as weather improves in Greater Cairo and northern Egypt - Society
The Egyptian Meteorological Authority (EMA) announced Wednesday a noticeable decrease in wind intensity and airborne dust over Greater Cairo and the northern regions of Egypt, bringing the first signs of weather improvement after turbulent conditions. The Khamasin storm, which had swept across large parts of the country carrying strong winds and dust, is now gradually shifting eastward towards Sinai, according to the Egyptian Meteorological Authority (EMA). However, northern Upper Egypt, including governorates such as Asyut, Minya, and Beni Suef, remains under the influence of stirred-up dust and sand despite the situation easing later in the day compared to earlier. According to the EMA, the dust storm impacted several areas, particularly in the south and along major routes such as the Suez Road. Media reports indicated that Helwan and 6 October City, which experienced strong winds and reduced visibility, were among the areas most affected by the storm, unlike many districts in Cairo, where conditions remained relatively calm. The EMA had issued prior warnings, urging citizens to remain indoors and avoid travel unless necessary. In response, the Ministry of Education and Technical Education announced the closure of all schools across the country on Wednesday in anticipation of the severe weather brought by the storm. The recent storm forms part of the seasonal Khamasin phenomenon, which typically brings dry, dusty winds from the desert, especially during the spring. Further improvements in weather conditions are expected on Thursday, with clearer skies anticipated across more regions. Follow us on: Facebook Instagram Whatsapp Short link:
