{"id":629506,"date":"2024-07-02T00:00:00","date_gmt":"2024-07-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/02\/four-new-universities-courtesy-of-al-ahly-cira-plus-tmgs-first-north-coast-project\/"},"modified":"2024-07-02T00:00:00","modified_gmt":"2024-07-02T00:00:00","slug":"four-new-universities-courtesy-of-al-ahly-cira-plus-tmgs-first-north-coast-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/02\/four-new-universities-courtesy-of-al-ahly-cira-plus-tmgs-first-north-coast-project\/","title":{"rendered":"Four new universities courtesy of Al Ahly CIRA. PLUS: TMG\u2019s first North Coast project"},"content":{"rendered":"

Good afternoon, friends, and happy hump day. <\/strong>It\u2019s another busy day here in Om El Donia as the news flow shows no sign of slowing down. <\/p>\n

THE BIG STORIES TODAY-<\/p>\n

Al Ahly CIRA to set up four new international university models in Egypt<\/strong> under a newly-signed agreement with the Sovereign Fund of Egypt, according to a statement from the cabinet<\/a> and a joint statement (pdf)<\/a> from the participating parties.<\/p>\n

International expertise: <\/strong>The universities will be established in collaboration with global educational institutions from Canada, Switzerland, Germany, and the US, with the specific partners set to be announced once cooperation agreements are finalized.<\/p>\n

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Talaat Moustafa unveils its first North Coast project: <\/strong>Talaat Moustafa Group announced its first project on Egypt\u2019s North Coast, a 23-mn square meter project with investments of around EGP 1 tn (c. USD 21 bn), the company said in an EGX disclosure (pdf)<\/a>. <\/p>\n

People are already lining up for a piece of the new development:<\/strong> The project, dubbed SouthMed, garnered a record EGP 60 bn worth of reservations in the first twelve hours of booking prior to the project\u2019s official sales launch. The company sees the development generating sales surpassing EGP 1.6 tn, ultimately contributing EGP 2.4 tn to the Egyptian economy and creating 1.6 mn new jobs.<\/p>\n

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THE BIG STORY ABROAD- <\/p>\n

All eyes on France\u2019s parliamentary elections: <\/strong>France\u2019s far-right Rassemblement National (RN) party would form a new government even if it fails to secure a majority following the run-off vote on 7 July, the party\u2019s leader Marine Le Pen told a local radio station today. RN would look for allies to achieve a majority, Le Pen explained. The party last week took the first round<\/a> of the snap two-round general election and is widely expected to notch the top spot again on Sunday. In the meantime, opponents of RN are intensifying efforts to prevent the party from rising to power, with over 180 candidates confirming that they have withdrawn from Sunday\u2019s round to consolidate the anti-RN vote<\/a>. (Financial Times<\/a> | Reuters<\/a>)<\/p>\n

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