{"id":644093,"date":"2024-09-19T00:00:00","date_gmt":"2024-09-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/usd-129-mn-coming-our-way-from-usaid\/"},"modified":"2024-09-19T00:00:00","modified_gmt":"2024-09-19T00:00:00","slug":"usd-129-mn-coming-our-way-from-usaid","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/usd-129-mn-coming-our-way-from-usaid\/","title":{"rendered":"USD 129 mn coming our way from USAID"},"content":{"rendered":"

Good afternoon, ladies and gentlemen, and happy Thursday.<\/strong> The weekend has finally arrived and we are still gearing up for this year\u2019s EnterpriseAM Finance Forum on Tuesday, 24 September. We look forward to seeing many of you there.<\/p>\n

THE BIG STORY TODAY<\/p>\n

Egypt is to receive USD 129 mn of new investment through the USAID, <\/strong>according to a readout<\/a> from the US Embassy in Cairo following the strategic dialogue between the countries in Cairo yesterday. The new funding aims to support \u201can economy driven by the private sector, advance public education, improve public health services, and strengthen responsive government institutions and transparency,\u201d the statement reads.<\/p>\n

Education was a key focus. <\/strong>The dialogue highlighted initiatives to establish nine additional STEM schools, upgrade 80 technical education institutions, and expand the US-funded University Career Centers to 19 more universities in Egypt. Agreements were made with three US universities to explore opening branch campuses in Egypt, providing local students with access to American education while preparing them for future job opportunities.<\/p>\n

THE BIG STORY ABROAD<\/p>\n

Israel twin attacks on Lebanon now has a confirmed death toll of over 37 and wounding <\/strong>450.<\/strong> An Israeli military official acknowledged that they were responsible for the terror attack. Yesterday\u2019s attack used the same method and killed over 12 people, including children. Hezbollah has announced its intentions to strike back in retribution as the UN High Commissioner for Human Rights Volker T\u00fcrk called Israel\u2019s bombardment a \u201cviolation of international humanitarian law.\u201d (Bloomberg<\/a> | CNN<\/a>)<\/p>\n

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