November 9, 2024 – Al Khaber for Accounting And Auditing Services

Zamil Steel marks 25 years in Egypt with 7,400 projects

November 9, 2024

Zamil Steel Holding’s factories in Egypt have produced around 1.2 million tonnes of metal structures for approximately 7,400 projects, serving various industrial applications over the last 25 years. Roughly 450,000 tonnes of these structures have been exported to more than 60 countries throughout Africa and the Arab world. Additionally, the…

MSMEDA, World Bank partner to upgrade Egyptian entrepreneurship eco-system: Rahmy

November 9, 2024

Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), emphasized enhancing Egyptian startups with both financial and technical support, by working on developing innovative ideas to reach the commercialized stage. “Such set of supportive programs targeting entrepreneurs, and innovative ventures is designed and carried out according…

EBRD considers $200m debt finance for 1.1 GW Suez Wind Energy

November 9, 2024

The European Bank for Reconstruction and Development (EBRD) is considering senior debt financing of up to $200m in debt financing to support Suez Wind Energy, an Egyptian special purpose vehicle (SPV) established to build and operate a 1.1 GW wind farm in Egypt’s Gulf of Suez region. This project, which…

FRA promotes green financing to boost investment in eco-friendly projects: Farid

November 9, 2024

Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), Vice Chair of the International Organization of Securities Commissions (IOSCO), and Chair of its Growth and Emerging Markets Committee (GEMC), began his visit to Madrid, Spain, to participate in IOSCO’s Board of Directors meetings. He attended sessions on financial stability and…

WUF12 addresses SDG localisation, development finance

November 9, 2024

At the 12th World Urban Forum (WUF12), held in Cairo, two pivotal discussions underscored the critical importance of Sustainable Development Goals (SDGs) localisation and financing for development. These discussions revealed a collective commitment to addressing the global challenges of urbanization and sustainable development through enhanced collaboration among various stakeholders. This…

EBank launches Information Security Academy in partnership with EBI

November 9, 2024

EBank has announced the launch of the Information Security Academy (InfoSec) at the Bank, in partnership with the Egyptian Banking Institute (EBI), the training arm of the Central Bank of Egypt. The Academy aims to nurture young talents and equip them with the skills necessary to drive the Bank’s technological…

Suez Canal Bank opens its 53rd branch in Menoufeya’s Shibin El-Kom

November 9, 2024

Suez Canal Bank inaugurated its latest branch in Shibin El-Kom, Menoufeya to provide its banking services and products to a larger customer base. This aligns with the directions of CBE and Egypt’s Vision 2030 to spread financial inclusion across the country. The opening of the Shibin El-Kom branch in Menoufeya…

ABE injects EGP 39.8bn into small, micro-enterprises in September

November 9, 2024

The Agricultural Bank of Egypt (ABE) concluded the third quarter of this year with significant growth in loans allocated to funding SME activities. The bank stimulates various productive sectors to create a competitive national industry in all fields, enhancing local production and supporting the national economy. According to the…

Madbouly chairs Governors’ Council meeting, discusses urban development, building reconciliation

November 9, 2024

Egypt’s Prime Minister Mostafa Madbouly chaired the third meeting of the Governors’ Council on Saturday to discuss progress on urban development, reconciliation of buildings, and several key files. The meeting was attended by Minister of Local Development Manal Awad. Awad highlighted the main outcomes of World Cities Day, which…

Al-Sisi inspects progress of national projects

November 9, 2024

Egypt’s President Abdel Fattah Al-Sisi met on Saturday with Prime Minister Mostafa Madbouly and Minister of Civil Aviation Mohamed Manar Enaba, where the President was briefed on the development status of the civil aviation system in all its components, whether at the level of air navigation, aircraft fleet, and airports,…

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Day: November 9, 2024