November 2024 – Al Khaber for Accounting And Auditing Services

GF Piping Systems opens MDPE pipe manufacturing plant in Cairo

November 30, 2024

GF Piping Systems, a division of Georg Fischer AG and a leading global provider of piping solutions, has officially opened a new manufacturing facility in Cairo, Egypt. The plant, developed through a joint venture known as EGFCO, is a collaboration between GF Piping Systems, Egypt Gas, and Green Coast Enterprises.…

Financial regulation backs entrepreneurship, says Egypt’s FRA Chairperson

November 30, 2024

The Financial Regulatory Authority (FRA) is actively supporting entrepreneurship in Egypt through regulatory changes designed to foster growth in the non-banking financial sector, Chairperson Mohamed Farid announced at an event Tuesday. The announcement was made during a meeting hosted by the American Chamber of Commerce in Cairo to launch a…

Ministry of Finance plans to issue EGP 751bn in T-Bills, bonds in December

November 30, 2024

Egypt’s Ministry of Finance is set to issue 33 treasury bill and bond auctions worth EGP 751bn in December 2024, aiming to settle previous debt obligations and finance the state budget deficit. The plan includes 20 treasury bill auctions valued at EGP 670bn and 13 bond auctions totaling EGP 81bn.…

Egypt’s Investment Minister Opens Egypt–North Rhine-Westphalia Economic Summit with 100 German Companies Present

November 30, 2024

Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, concluded his visit to Germany by meeting with the State Minister for Economic Affairs of North Rhine-Westphalia. The two officials discussed potential avenues for cooperation in trade and investment, agreeing that a German delegation led by the state minister will visit…

El-Sobky and CEO of the International Hospital Federation discuss joint cooperation

November 30, 2024

Chairman of the General Authority for Healthcare and General Supervisor of the Comprehensive Health Insurance Project, Ahmed El-Sobky, met with Ronald Lavatar, CEO of the International Hospital Federation. The Authority held its fifth annual forum under the slogan “Towards Globalization in Providing Healthcare Services” to commemorate the fifth anniversary of…

Egypt’s Ambassador to Mali presents credentials, underscore bilateral ties

November 30, 2024

Egyptian Ambassador Mohamed El-Gamal presented his credentials to Malian Transitional President Assimi Goïta on Saturday, following an official ceremony at the presidential palace in Bamako. The presentation underscored the strong historical relationship between Egypt and Mali and highlighted Egypt’s commitment to supporting Mali’s development. During the ceremony, Ambassador El-Gamal conveyed…

Al-Mashat highlights government support for Egyptian entrepreneurship

November 30, 2024

Minister of Planning and Economic Development and International Cooperation Rania A. Al-Mashat participated in the American Chamber of Commerce in Cairo’s announcement of a new Entrepreneurship and Innovation Committee. Al-Mashat highlighted the Egyptian government’s commitment to fostering entrepreneurship and its efforts to create a supportive environment for startups. The event,…

Damietta Port’s new container terminal nears completion

November 30, 2024

Damietta Port’s new container terminal is nearing completion, with operational trials set to begin immediately after phase one is finished, according to officials. Egypt’s Prime Minister Mostafa Madbouly and Vice Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir recently inspected the project, currently under development…

Egypt’s Al-Sisi, Gabon’s Nguema pledge closer cooperation on bilateral, African issues

November 30, 2024

Egypt and Gabon have pledged to strengthen their bilateral ties and enhance cooperation on regional issues, President Abdel Fattah Al-Sisi announced Saturday following a meeting with Gabonese interim President Brice Oligui Nguema. The two leaders met at the Ittihadiya Palace in Cairo. President Sisi welcomed President Nguema and his delegation,…

Corporate, institutional financing for MSMEs jumps to EGP 71.3bn in September 2024

November 30, 2024

Corporate and institutional financing for Micro, Small, and Medium Enterprises (MSMEs) totaled EGP 71.321bn for 3.759 million customers in September 2024, up from EGP 49.653bn for 3.824 million customers in September 2023. The Financial Regulatory Authority (FRA) reported that the volume of financing for micro-enterprises reached EGP 59.530bn for 3.750…

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Month: November 2024