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Applications are now open for training courses for public and private school students participating in the World Robot Olympiad, which organises tournaments in over 85 countries worldwide.

Bahrain is among the nine countries organising the tournament in the Middle East. The theme of the 2022 Olympiad is “My Robot, My Friend”.

The Ministry of Education is organising the training session with Britus International School – Bahrain. Britus School Principal Andy Hubble expressed pride in joining hands with the Ministry for the tournament.

He noted that the school has been organising this event since 2011 in Bahrain. MoE said the training focuses on students between 8 and 19 years of age. The training sessions are for learning the technical aspects of building and programming robots, understanding the rules and procedures of the game, and preparing students for the competition.

source:https://www.gulf-insider.com/bahrain-opens-registration-for-world-robot-olympiad-training-session/

Banks operating in the Egyptian market and a number of real estate financing companies have injected EGP 46.368bn in financings to about 29,000 customers within the Central Bank of Egypt’s (CBE) initiative to finance real estate for low and middle-income people.

The Social Housing and Mortgage Finance Support Fund revealed in a report on Sunday that the banks provided real estate financing worth EGP 44.335bn to about 411,000 customers, while the volume of funds pumped by real estate finance companies amounted to EGP 2.193bn.

The National Bank of Egypt (NBE) topped the list of banks participating in this initiative, with a financing volume of EGP 12.34bn, benefiting 112,973 clients with a market share of 26.5%.

Banque Misr ranked second with a share of 21.4% at a value of EGP 9.976bn worth of loans directed to 91,336 clients, followed by the Housing and Development Bank with EGP 6.242bn of financing directed to 67,543 clients, representing a 13.4% share.

Banque du Caire came in fourth place with a value of EGP 2.997bn in financing, directed to 32,862 clients — a share of 6.4% — followed by the Commercial International Bank (CIB) with loans worth EGP 2.735bn obtained by 21,816 clients with a share of 5.9%.

Meanwhile, the Industrial Development Bank came in sixth place with EGP 1.664bn directed to 15,816 clients — a 3.6% share of the total financing.

Furthermore, QNB AL-AHLI provided financing worth EGP 1.559bn directed to 12,465 clients, followed by the United Bank with EGP 1.474bn and 11,318 clients.

Additionally, the Arab African International Bank ranked ninth with a value of EGP 1.097bn directed to 9,578 clients, followed by BLOM Bank in tenth place, with a financing volume of EGP 626.995m for 5,501 clients.

At the corporate level, Al-Tameer Real Estate Finance acquired the largest share of the financing by 1.7% with a financing value of EGP 813.617m for 6,742 clients.

Contact Real Estate Finance ranked second with a market share of 1.5% of the total real estate finance with a value of EGP 698.347m until the end of last June, targeting 5,364 clients.

Moreover, Al-Ahly Real Estate Finance came in third place with a share of 0.6% with a value of funds of EGP 285.116m directed to about 2,543 clients, and in fourth place came Amlak Real Estate Finance with a share of 0.5% and a value of EGP 252.940m in financing directed to 2,328 clients. Finally, Tamweel Financing came in sixth place with a financing size of EGP 68.66m for about 602 clients.

Source:https://dailynewsegypt.com/2022/07/17/banks-and-companies-injected-egp-46-368bn-in-egypt-under-the-real-estate-financing-initiative/

The investment package the government has recently endorsed is aimed to enhance the production competitiveness in the Tafileh Industrial Estate, attracting more investments to the estate and creating more jobs in the governorate to address unemployment, Chairman of the Jordan Industrial Estates Corporation (JIEC) Luai Sihweil said on Monday.

Sihwil, in a JIEC statement cited by the Jordan News Agency, Petra, said that the difference of electric power tariffs will be covered through the industry support and development fund or through Jordan Enterprise Development Corporation (JEDCO) programmes.

The Council of Ministers, upon a recommendation by its development and economy committee, decided to grant investment incentives for the Tafileh Industrial Estate, including reducing power prices for industrial investments in the estate by 75 per cent for the first five years of starting the project.

The Cabinet also decided to include the estate in the satellite factory programme and grant its investments a 50 per cent discount on handling processes at the Arab Container Terminal for goods manufactured in the estate.

JIEC Director General Omar Juwaied praised the government’s efforts aimed to support the industrial investment environment in Tafileh, noting that this package of incentives is a continuation of incentives the government offered some two years ago.

The first phase of the estate has completely finished and includes establishing ready-made buildings with an area of 10,000 square metres, while the entire estate is constructed on 500 dunums out of its total area of 1,000 dunums, Petra added.

Source:https://www.jiec.com/en/news/160/