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Egypt: Under the auspices of the Ministry of International Cooperation, NBK Egypt signs an MOU with ILO to establish 100 biogas units in Minya


Dr. Yasser Ismail Hassan, Managing Director of the National Bank of Kuwait - Egypt (NBK-Egypt) and Mr. Peter van Goy, the Director of the International Labor Organization (ILO) Office in Cairo, signed a Memorandum of Understanding (MOU) for the establishment of 100 biogas plants in Minya Governorate.

The MOU was signed under the auspices of the Minister of Investment and International Cooperation Dr. Sahar Nasr who attended the event and in the presence of Mr. Essam Badawi the Governor of Minya, Mr. Jamal Al-Din Abul-Magd, the Head of Minya University, Mr.Jess Dutton, Canada's ambassador to Cairo, and Ms. Amal Mowafy the Chief Technical Advisor of ILO “Decent Jobs for Egypt's Young People” and a representatives of the Ministry of Manpower.

Under the MoU, NBK-Egypt will be supporting sustainable social and economic development of rural communities in Minya through the financial support of five start-up companies concerned with the construction and operation of 100 domestic biogas units in Minya villages. Biogas units are being implemented with the technical support of the ILO project “Decent Jobs for Egypt's Young People” funded by the Canadian Government

The initiative aims to support biotechnology to achieve sustainable social and economic development for rural communities by training young engineers to build and maintain biogas production units, as well as installing biogas production units to generate energy and organic fertilizers. 

The Minister of Investment and International Cooperation stated that the initiative helps reduce poverty, create jobs and improve living conditions in the targeted villages of Minya. Accordingly, it is one of the most important project that is given top priority by the ministry. 

The Governor of Minya, stated that the ILO has submitted several projects during the last period, including this project, which was approved by the governorate. The President of Minia University stated that the university provides technical and scientific support to young people who are implementing the biogas project.

The Director of the International Labor Organization (ILO) Office in Cairo stated that job creation for young people is one of the means that contributes to inclusive economic growth in Egypt, where the organization is working with the public and private sectors to provide jobs for young people by supporting green jobs.

"Investment is very important in Egypt, and Canada wants to play an active role in supporting Egypt’s development, as one of Canada's priorities is targeting inclusive growth through entrepreneurship," said the Canadian ambassador to Cairo.

NBK- Egypt Managing Director stated that the bank chose to participate in this project based on its previous success in Port Said that offered creative solutions to community problems namely, animal wastes, clean energy sources unemployment. NBK-Egypt has been keen to serve the Egyptian community through focusing on the development interventions, which come in line with Egypt’s Sustainable Development Goals (SDG) including economic empowerment, education, health and environmental care.

Kuwait: NBK Academy Celebrates Graduation of 20th Batch of Employees


The National Bank of Kuwait (NBK) celebrated the graduation of its 20th batch of newly recruited employees from its annual NBK Academy which develops the skills of university graduates and qualifies them to work in the banking sector.

The ceremony was attended by the Chief Executive Officer - Kuwait at the National Bank of Kuwait, Mr. Salah Al-Fulaij, the Deputy CEO - Kuwait at the National Bank of Kuwait, Mr. Sulaiman Al-Marzouq and other members of the Executive Management.

Graduates who have ranked first this year were awarded for outstanding efforts in the duration of the program, attending lectures, practical training and on-site visits to branches.

During the four-month period of the program, the training phases of the Academy covered the various aspects of banking such as banking principles, risk management, teamwork, financial accounting, marketing, negotiation, consumer and commercial lending, in addition to practical trainings in rotating departments within the Bank during which they were mentored by internationally-accredited trainers to enable employees to gain specialized banking skills.

NBK Academy is designed to develop the theoretical and practical skills of trainees to prepare them to the banking sector and arm them with hands-on experience, as well as familiarize them with the Bank's business structure and culture to support their career development goals.