November 5, 2024 – Al Khaber for Accounting And Auditing Services

Tax incentives mark ‘new beginning’ for partnership with private sector: Kouchouck

November 5, 2024

The Egyptian government has announced a new package of tax incentives aimed at boosting investment and easing the burden on businesses. Finance Minister Ahmed Kouchouck outlined the measures on Tuesday during a session of the House of Representatives, calling the package a “beginning” for a strong partnership with the private…

Egypt launches new RoRo ferry service between Damietta, Trieste ports

November 5, 2024

Egypt launched a new Roll-on/Roll-off (RoRo) ferry service connecting Damietta Port in Egypt to Trieste Port in Italy on November 29th, 2024. The service is expected to significantly boost trade and economic ties between the two countries, particularly in the agricultural sector. The launch event, was attended by high-level government…

NARSS, Agriculture Ministry launch map of winter crops

November 5, 2024

The National Authority for Remote Sensing and Space Sciences (NARSS) and the Ministry of Agriculture and Land Reclamation presented a map of crops for the winter agricultural season 2023-2024. Chairperson of NARSS, Islam Abu El-Majd, stated that each governorate used remote sensing data and artificial intelligence to inventory and…

Prime Minister witnesses $15m agreement signing for Honeywell lighting project in SCZONE

November 5, 2024

Prime Minister Mostafa Madbouly witnessed the signing ceremony of a project agreement between Siraj Lightening and VESRA MEA LLC-FZ, licensed by Honeywell to manufacture Honeywell lighting products, covering commercial, residential, industrial, outdoor, and indoor lighting at the government headquarters in New Administrative Capital. The project will be established within…

MSMEDA collaborates with JICA to enhance industrial competitiveness

November 5, 2024

Basel Rahmy, the CEO of the Micro, Small and Medium Enterprises Development Agency (MSMEDA), has reaffirmed the agency’s commitment to international collaboration to enhance the productivity and competitiveness of Egypt’s industrial and production-focused SMEs. This effort, facilitated through partnerships with global development agencies, aims to create a more attractive investment…

CBE conducts training programme for calibres from Djibouti’s central bank

November 5, 2024

The Central Bank of Egypt (CBE) conducted a training programme for calibres from the Central Bank of Djibouti (CBD) covering the latest operational systems employed in key areas, including the International Transactions Reporting System (ITRS) in Egypt – a primary data source for compiling balance of payments – the letters…

GAFI eager to collaborate with OECD to boost sustainable investment, support entrepreneurship: El-Hawary

November 5, 2024

Dalia El-Hawary, Deputy Executive Director of Egypt’s General Authority for Investment and Free Zones (GAFI), expressed the Authority’s commitment to enhancing Egypt’s investment climate and supporting initiatives aimed at positioning Egypt as a premier investment destination, during her participation in the OECD Investment Committee held in Paris from 4 to…

Bonyan plans to acquire new administrative buildings in 2025: CEO

November 5, 2024

Bonyan, a subsidiary of Compass Capital, is planning to acquire new administrative buildings next year as part of its strategic expansion plan. Shamel Aboul Fadl, CEO of Bonyan, said the company is constantly on the lookout for new investment opportunities and is in constant negotiation with potential sellers. However, he…

Egypt’s Local Development Minister calls for multilevel governance at WUF12

November 5, 2024

Egypt’s Minister of Local Development Manal Awad emphasised the importance of multilevel governance for a sustainable urban future during a roundtable discussion at the 12th World Urban Forum (WUF12) in Cairo. The discussion, which took place on the second day of the forum (November 5th), brought together Anacláudia Marinheiro, UN…

US dollar exchange rate rises in 10 Egyptian banks

November 5, 2024

The US dollar exchange rate continued to rise against the Egyptian pound on Tuesday in 10 banks, officially exceeding the LE49 mark for the first time in two and a half months. According to the latest updates of the official US dollar exchange rate announced on Egyptian bank websites, the…

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Day: November 5, 2024