November 4, 2024 – Al Khaber for Accounting And Auditing Services

NanoGuard: AUC research team develops long-term disinfectant

November 4, 2024

A research team from the Department of Chemistry of the American University in Cairo (AUC) developed a novel long-term dual disinfectant formula dubbed NanoGuard. The long-lasting disinfectant, now patented in the United States, can be sprayed on common surfaces such as doorknobs, stair rails, and elevator buttons to protect…

CBE receives 28 offers worth €922.8m to cover local euro-denominated T-bills issuance

November 4, 2024

The Central Bank of Egypt (CBE) received 28 offers worth €922.8m to cover an issuance of local treasury bills denominated in the European currency. CBE launched a tender worth €600m on Monday, on behalf of the Ministry of Finance, for one year, and its proceeds will be used to…

Egypt, Azerbaijan discuss enhancing cooperation in urban development

November 4, 2024

Egypt’s Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny, met with the Chairperson of the State Committee on Urban Planning and Architecture of Azerbaijan, Anar Guliyev, and his accompanying delegation on the sidelines of the 12th World Urban Forum. The meeting aimed to showcase the urban development experience underway…

Egypt’s PM inaugurates Urban Expo at WUF12

November 4, 2024

Prime Minister of Egypt Mostafa Madbouly opened the Urban Expo on the sidelines of the 12th World Urban Forum (WUF) on Monday. The event also witnessed the attendance of President Abdel Fattah Al-Sisi. It will run from 4 to 8 November at the Egypt International Exhibition Center in Cairo. The…

MSMEDA pumps EGP 2bn into 76,000 small, micro-enterprises in Kafr El-Sheikh over 10 years

November 4, 2024

Basel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), said on Monday that the agency has funded over 76,000 small and micro enterprises in Kafr El-Sheikh with EGP 2bn over 10 years, providing 136,655 jobs for the residents of the governorate. MSMEDA also provided more than…

CIB reports Q3 standalone revenues of EGP 25.2bn

November 4, 2024

The Commercial International Bank – Egypt (CIB) has reported third-quarter 2024 standalone revenues of EGP 25.2bn, up 98% from third-quarter 2023. The bank’s nine-month 2024 standalone revenues were EGP 71.4bn, up 87% from the same period in 2023, on the back of 74% increase in net interest income, coupled with…

FRA engages in community dialogue with factoring, leasing companies to discuss Basel III solvency standards

November 4, 2024

The Financial Regulatory Authority (FRA) has held a community dialogue session with representatives from factoring and leasing companies, which fall under its supervision. The session, attended by FRA Vice Chairperson Islam Azam, focused on presenting Basel III solvency standards and gathering feedback from stakeholders prior to implementing these standards. This…

Egypt committed to 3 priorities to ensure financial stability, boost private sector engagement: Finance Minister

November 4, 2024

Finance Minister Ahmed Kouchouk outlined Egypt’s commitment to three strategic priorities: financial stability, economic growth, and empowering the private sector during a video conference organized by EFG Hermes, attended by over 60 foreign investors. He highlighted the ministry’s ongoing efforts to place public debt and its servicing on a downward…

WUF12 Egypt sets record for highest attendance: Madbouly

November 4, 2024

Prime Minister Mostafa Madbouly held a press conference on Monday ahead of the opening of the 12th edition of the World Urban Forum (WUF). The event was attended by UN Under-Secretary-General and Executive Director of the United Nations Human Settlements Programme (UN-Habitat), Maimunah Mohd Sharif, along with Minister of Local…

Egypt unveils initiative for local governance, decentralization at WUF12

November 4, 2024

Minister of Local Development Manal Awad announced the launch of two initiatives during the World Urban Forum (WUF) in Cairo; one for advancing local governance and decentralization, and the other for creating the Atlas of Egyptian Cities. Awad expressed hope that this 12th edition of the forum would lead to…

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Day: November 4, 2024