International schools do not want to report to the Education Ministry anymore and would rather have the Investment Ministry instead, Al Mal reported. The schools say the Education Ministry can still retain the right to review curricula but would rather have their operations treated as investments. Schools may have been emboldened by a decision earlier this month that to form a joint committee with the Investment Ministry to determine pro-investment policies for the sector. The Education Ministry had place International School of Choueifat and the American International School of Cairo under administrative and financial control last year.
More from Enterprise
CIB says it received the green light to start due diligence on HSBC Egypt’s retail franchise
CIB is not the only potential suitor for HSBC’s retail…
Retail investors now have direct access to five EFG Hermes mutual funds
The move is the latest step in EFG Hermes’ push…
Under-construction data centers tap ratings to fund AI buildup
Developers are securing investment-grade ratings to unlock new pools of…
Bahrain’s Beban eyes Egypt launch with equity crowdfunding model
Mohamed Aboulnaga’s Foras AI raises stake as Beban seeks FRA…