February 26, 2025 – Al Khaber for Accounting And Auditing Services

Elsewedy Electric expands into Europe with landmark power project in Hungary

February 26, 2025

Elsewedy Electric Group has secured a major engineering, procurement, and construction (EPC) contract for Hungary’s largest combined cycle power plant (CCPP) in decades. Awarded by MVM Matra Energia Zrt., a subsidiary of the Hungarian Electric Company (MVM), this milestone project marks Elsewedy Electric’s first significant venture in Europe, reinforcing its…

CBE hosts Bank of Tanzania delegation to strengthen African financial cooperation

February 26, 2025

As part of Egypt’s commitment to deepening ties with African nations, the Central Bank of Egypt (CBE) has welcomed a high-level delegation from the Bank of Tanzania (BOT), led by its Deputy Governor. The visit aligns with the joint cooperation program between the two central banks, aimed at fostering knowledge…

ETA launches introductory guide to Tax Facilitation initiative

February 26, 2025

Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), has announced the release of an introductory guide for the Tax Facilitation Initiative. This guide provides a comprehensive explanation of the initiative’s provisions, eligibility criteria, and step-by-step procedures, ensuring that every taxpayer and entity can fully understand how to benefit…

Egypt, Kazakhstan discuss expanding flights, air cargo cooperation

February 26, 2025

Egypt’s Minister of Civil Aviation, Samah Hefni, met with Kazakhstan’s Ambassador to Cairo, Askar Zhenis, to discuss strengthening bilateral cooperation in aviation. The meeting focused on increasing direct flights between the two countries to boost tourism and exploring the launch of air cargo services between Cairo and Almaty to enhance…

Egypt closes bidding on 13 oil, gas exploration areas, attracting $700m in investments

February 26, 2025

As part of its ongoing efforts to attract and expand investments in exploration, production, and development, the Ministry of Petroleum and Mineral Resources closed bidding for 13 exploration and production areas, with offers totaling more than $700m in expected investments. This amount could potentially double if new discoveries are made…

Egypt unveils EGP 200bn social safety net ahead of Ramadan

February 26, 2025

The Egyptian government has launched a social support package valued at EGP 200bn to assist citizens facing rising prices. Prime Minister Mostafa Madbouly announced the measures on Wednesday, stating that the package will be implemented during Ramadan and the upcoming fiscal year. The package includes increasing pensions by 15% beginning…

5,633 projects completed in Upper Egypt with over EGP 27bn investments: Local Development Minister

February 26, 2025

Minister of Local Development Manal Awad met with a delegation from the World Bank, including Ellen Olafsen, Senior Specialist in Private Sector Engagement, and Zeeshan Kareem, Senior Urban Specialist, alongside other bank representatives. Also attending were Hisham El-Helbawy, Assistant Minister for National Projects and Director of the Local Development Program…

Egyptian Minister calls for financial reform at G20 meeting in South Africa

February 26, 2025

Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, has called for financial reform at the G20 Meeting in South Africa. Al-Mashat participated in a high-level workshop on financing for development as part of the G20 meetings in South Africa. The workshop, organised by the Development Bank of…

Al-Wazir, Al-Mashat discuss Egypt’s transport investment plan, Alexandria Metro project

February 26, 2025

Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, and Minister of Transport, Kamel Al-Wazir, have met to discuss the investment plan for the transport sector for the fiscal year 2025/2026. The meeting, held at the Ministry’s headquarters in the New Administrative Capital, also included a review of…

Electrolux Group Decides to Retain Its Business in Egypt with Plans to Drive Growth and Exports

February 26, 2025

Electrolux Group has decided to retain its business operations in Egypt as part of the Group. This decision follows a final evaluation of various alternatives. The potential divestment of the Group’s business in Egypt was communicated as part of the announcement on July 20, 2023, to initiate preparations for the…

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Day: February 26, 2025