By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Prime Minister meets officials of German Bosch Group
    Prime Minister meets officials of German Bosch Group
    March 21, 2023
    CBE allows women to open savings vessels to their minor children, should mothers provide money as donation
    CBE allows women to open savings vessels to their minor children, should mothers provide money as donation
    March 21, 2023
    Net FDIs recorded $8.9bn in 2022, highest since 2011: Hossam Heiba at AmCham
    Net FDIs recorded $8.9bn in 2022, highest since 2011: Hossam Heiba
    March 20, 2023
    Could this be the year for Tobacco Harm Reduction?
    Could this be the year for Tobacco Harm Reduction?
    March 20, 2023
    Strong presence of Egypt’s real estate developers in MIPIM in Cannes
    Strong presence of Egypt’s real estate developers in MIPIM in Cannes
    March 20, 2023
  • Politics
    PoliticsShow More
    Egypt’s Irrigation Minister heads to New York for UN water meeting 
    Egypt’s Irrigation Minister heads to New York for UN water meeting 
    March 21, 2023
    Al-Sisi pardons all imprisoned debt defaulters ahead of Ramadan 
    Al-Sisi pardons all imprisoned debt defaulters ahead of Ramadan 
    March 21, 2023
    Xi says China will continue to play constructive role in promoting political settlement of Ukraine crisis
    Xi says China will continue to play constructive role in promoting political settlement of Ukraine crisis
    March 21, 2023
    Chinese President Xi meets Putin in Moscow
    Chinese President Xi meets Putin in Moscow
    March 21, 2023
    UN envoy says solution "closest" to end political crisis in Sudan
    UN envoy says solution “closest” to end political crisis in Sudan
    March 20, 2023
  • Interviews
    InterviewsShow More
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    March 15, 2023
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    March 12, 2023
    EGX ready for government’s IPOs programme: Chairperson
    EGX ready for government’s IPOs programme: Chairperson
    February 15, 2023
    British International Investment invests $4.5bn in 700 businesses across Africa: Sherine Shohdy
    February 15, 2023
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    December 27, 2022
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: NBE, ITI sign protocol to qualify youth for labour market
Share
Notification
Latest News
Prime Minister meets officials of German Bosch Group
Prime Minister meets officials of German Bosch Group
Business
Egypt’s Irrigation Minister heads to New York for UN water meeting 
Egypt’s Irrigation Minister heads to New York for UN water meeting 
Politics Egypt
Al-Sisi pardons all imprisoned debt defaulters ahead of Ramadan 
Al-Sisi pardons all imprisoned debt defaulters ahead of Ramadan 
Politics Egypt
CBE allows women to open savings vessels to their minor children, should mothers provide money as donation
CBE allows women to open savings vessels to their minor children, should mothers provide money as donation
Business
Xi says China will continue to play constructive role in promoting political settlement of Ukraine crisis
Xi says China will continue to play constructive role in promoting political settlement of Ukraine crisis
Politics
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > NBE, ITI sign protocol to qualify youth for labour market
Business

NBE, ITI sign protocol to qualify youth for labour market

Hossam Mounir
Last updated: 2022/03/09 at 2:00 AM
By Hossam Mounir 6 Min Read
Share
SHARE

The National Bank of Egypt (NBE) signed a cooperation agreement with the Ministry of Communications and Information Technology’s Information Technology Institute (ITI) to qualify youth for working in the technology sector.

The agreement was signed at the National Telecom Regulatory Authority (NTRA) in Nasr City. The signing ceremony was witnessed by Minister of Communications and Information Technology Amr Talaat, and Chairperson of NBE Hisham Okasha

Talaat said that the ministry is preparing a future that supports the capabilities of young people and qualifies them to enter the market in light of labour and demand determinants, which supports young business owners to participate in the creation of the IT industry.

Talaat stressed that his ministry provides all means of support needed by young people, such as training programmes or specialised scholarships in various fields needed by the labour market, in full coordination with the NBE in order to reduce the gap between academic studies and the actual needs of the labour market.

On his part, Okasha indicated that, by signing the protocol, the NBE aims to hone the skills of young cadres in the field of information security, advanced creative designs, and data centres in cooperation with the ITI, with its benefit being reflected in various fields of work in the banking sector through banks seeking to achieve self-sufficiency in competencies trained in the latest technological methods.

He added that this also comes from the bank’s belief that investment in financial technology is one of the main pillars for the access of banking services to a larger segment of customers in the context of the growing interest of the Central Bank of Egypt (CBE) to implement a digital transformation and support the banking system with distinguished cadres in the fields of technology, which is the cornerstone of the comprehensive development in the banking sector.

This is what the NBE seeks to develop and invest in, whether by modernising the technological infrastructure to accommodate the successive progress in banking work or by training its human cadres to provide the highest quality rates in providing services banking.

Okasha stressed that investing in the human element is one of the most important methods of advancing development, which the NBE believes in through its keenness to develop specialised skills and competencies for its human wealth, which is included in the bank’s recently announced strategy.

The event was also attended by Dalia Al-Baz, the Vice Chairperson of the NBE; Atef Helmy, the former communications minister and a Member of the non-executive Board of Directors of the NBE; Heba Saleh, the Head of the ITI; Hanan Al-Sheikha, the Head of the Human Resources Group; and Abeer Khader, the Head of the Information Security Sector at the NBE.

Al-Baz said that the bank also seeks — through the cooperation protocol — to provide the competencies needed by the labour market and also allow the banking sector to benefit from the best cadres that will be rehabilitated within the framework of the protocol’s activity, which is based on attracting cadres specialised in technological activity, whether in the field of cybersecurity or data centres, as well as in advanced designs to simulate customer experiences in the various headquarters of the bank.

This, she says, is in line with the boom that the bank has achieved in the recent period in the field of fintech, which is indicated by the increasing number of customers of digital services in the bank and in support of the ambitious future plans it sets for expansion in those services.

Al-Baz indicated that the protocol is implemented in two stages, with each stage dealing with specialised training programmes in one of the technological fields, which will be done by merging actual lectures or distance education according to the nature of each programme.

Additionally, Saleh indicated that the protocol will allow the provision of specialised training programmes in the fields of cybersecurity and advanced technical designs, which is done in coordination with a number of specialised international companies that have successful experiences in implementing these programmes, maximising their benefit, especially in light of what it will be granting to those who acquire accredited international certificates in those fields.

She added that after completing the training programmes and evaluating the participants, some competitions will be held among the trainees in order to make these programmes more competitive.

You Might Also Like

Prime Minister meets officials of German Bosch Group

CBE allows women to open savings vessels to their minor children, should mothers provide money as donation

Net FDIs recorded $8.9bn in 2022, highest since 2011: Hossam Heiba

Could this be the year for Tobacco Harm Reduction?

Strong presence of Egypt’s real estate developers in MIPIM in Cannes

TAGGED: ITI, labour market, NBE
Share this Article
Facebook Twitter Email Print
Previous Article Government further expands in middle-income housing projects
Next Article Egyptian Foreign Ministry celebrates 100th anniversary on 15 March
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Prime Minister meets officials of German Bosch Group
Prime Minister meets officials of German Bosch Group
Business
Egypt’s Irrigation Minister heads to New York for UN water meeting 
Egypt’s Irrigation Minister heads to New York for UN water meeting 
Politics Egypt
Al-Sisi pardons all imprisoned debt defaulters ahead of Ramadan 
Al-Sisi pardons all imprisoned debt defaulters ahead of Ramadan 
Politics Egypt
CBE allows women to open savings vessels to their minor children, should mothers provide money as donation
CBE allows women to open savings vessels to their minor children, should mothers provide money as donation
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?