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Day: December 24, 2024

Al Khaber for Accounting And Auditing Services > News > 2024 > December > 24

Egyptians Shine in Forbes Middle East’s Top Venture Capitalists of 2024

December 24, 2024
Forbes Middle East has revealed its annual list of the Top Venture Capitalists for 2024, recognizing influential leaders who have been key players in driving innovation and growth within the MENA region’s dynamic startup ecosystem. Among the 30 honorees, four Egyptians have been celebrated for their contributions, highlighting the nation’s…

Egypt to be among the largest economies in the world by 2075: Report

December 24, 2024
A recent economic report monitoring the conditions of several African countries predicts that Egypt will become among the largest economies in the world by 2075. The report by the American Goldman Sachs Bank, which was reported by Business Africa platform, according to the Middle East News Agency, on Monday, said…

Expert explains reasons for rise of US dollar exchange rate

December 24, 2024
Banking expert, Mohamed Abdel-Aal said that the rise in the dollar exchange rate on Monday at some banks is due to several internal and external factors, in addition to seasonal variables related to the end of each year.   Reasons for the rise Abdel-Aal said that one of the main…

Egypt’s ready-made garment exports jump 17% to $2.27bn in 10M 2024

December 24, 2024
Exports of Egyptian ready-made garments surged to $2.27bn from January to October 2024, a 17% increase compared to $1.94bn during the same period in 2023, according to Fadil Marzouk, Chairperson of the Apparel Export Council of Egypt. Marzouk attributed this growth to a rise in foreign investments in Egypt’s garment…

Egyptian business delegation to visit Morocco to strengthen investment, trade ties

December 24, 2024
The Egyptian-Moroccan Joint Business Council, led by Nezar Abou-Ismail, convened its inaugural meeting to discuss strategies for enhancing communication and collaboration between the two countries, with a focus on boosting investments and trade. Abou-Ismail highlighted the council’s discussions on overcoming challenges faced by investors in both nations through direct engagement…

Egyptian banking alliance grants EGP 4.235bn to Al-Zahi Group for development projects

December 24, 2024
Egyptian banking alliance grants EGP 4.235bn to Al-Zahi Group for development projects
Three leading Egyptian banks—the National Bank of Egypt (NBE), Banque Misr, and QNB AlAhli—have extended joint financing worth EGP 4.235bn to Al-Zahi Group. This financing aims to support key development projects, with NBE serving as the lead arranger, financing marketer, financing agent, and document bank within the alliance. Banque Misr…

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