Egypt approves financing from Korean Export-Import bank, Credit Agricole, to complete supply of 32 metro trains


CAIRO – August 25, 2022: The Council of Ministers on Thursday approved a draft decision by the President of the Republic concerning a financing agreement submitted by the Export-Import Bank of Korea and Crédit Agricole – Korea to complete the financing of the project supply of 32 unit trains for the third and fourth phases of the third line of the Greater Cairo metro.

The cabinet also approved during its weekly meeting a draft presidential decree regarding the exchange of letters between the Arab Republic of Egypt and the government of the Kingdom of Spain, regarding a grant to finance a capacity building project of the Office Women’s Complaints, signed in Cairo in early 2022.

The agreement aims to support the Women’s Complaints Office’s strategy for sustainable rights, by building the capacity of Women’s Complaints Office staff in the area of ​​women’s rights, as well as improving the services provided to complainants at the level of the Republic, as well as increasing society’s awareness of women’s rights.

He also approved the request of the Ministry of Higher Education and Scientific Research to reduce by 1% the minimum advertised admission to Egyptian universities and higher institutes for students who have graduated from high school and Al-Azhar. for the 2021-2022 academic year, in North Sinai. Governorate, provided that the student is a citizen of the governorate and holds secondary and preparatory certificates from governorate schools.


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