October 22, 2025 – Al Khaber for Accounting And Auditing Services

Suez Canal signs $2bn first-phase deal to build petrochemical complex in Ain Sokhna

October 22, 2025

Osama Rabie, Chairperson of the Suez Canal Authority (SCA), witnessed on Wednesday the signing of a strategic partnership agreement between the SCA and Anchorage Investments to establish a major industrial petrochemical complex on SCA-owned land in Ain Sokhna, northwest of the Gulf of Suez, within the Suez Canal Economic Zone…

Egypt calls for stronger role of multilateral development banks in cutting financing costs: Finance Minister

October 22, 2025

Egypt’s Minister of Finance, Ahmed Kouchouk, has said that Egypt looks forward to a stronger role for multilateral development banks and international financial institutions in reducing financing costs for member states and the private sector. Speaking on the second day of the UNCTAD Conference in Geneva, Kouchouk emphasised the importance…

Egypt targets 5% growth as reforms, Gaza deal boost prospects, says Al-Mashat

October 22, 2025

Egypt’s economy is on track to achieve growth of nearly 5% in the current 2025/2026 fiscal year, supported by economic reforms and the positive impact of a peace deal in Gaza, Planning and International Minister Rania Al-Mashat said on Wednesday. Speaking at the “People and Banks” economic conference, Al-Mashat said…

Egypt, Sudan discuss boosting health cooperation, supporting Sudan’s medical system

October 22, 2025

Egypt’s Deputy Prime Minister and Minister of Health, Khaled Abdel Ghaffar, has met with Sudanese Health Minister Haitham Ibrahim Awadallah in Cairo’s New Administrative Capital to discuss ways to strengthen health cooperation between the two countries, the Egyptian Ministry of Health said in a statement on Wednesday. The meeting was…

Egypt hands over chairmanship of Islamic Water Ministers’ Conference to Saudi Arabia

October 22, 2025

Egypt on Wednesday formally handed over the chairmanship of the 5th Islamic Conference of Ministers Responsible for Water in the Organization of Islamic Cooperation (OIC) Member States to Saudi Arabia, during a high-level session held in Jeddah with the participation of water ministers from the OIC member states. The session…

Beit Logistics invests EGP 500m to develop Safaga Integrated Logistics Center

October 22, 2025

Beit Logistics has signed a land-use agreement with the Golden Triangle Economic Zone Authority to establish an Integrated Logistics Center in Safaga, with total investments exceeding EGP 500m for the project’s first phase. The new facility will be developed on 15 feddans (around 65,000 sqm) and is designed to serve…

Cairo Metro’s Line 4 project with Japan gets cabinet green light

October 22, 2025

Egypt’s cabinet has approved a presidential decree concerning the exchange of letters between the Egyptian and Japanese governments for the implementation of the first phase of the Greater Cairo Metro’s Line 4 project, the cabinet said in a statement. The first phase of the new line will extend 19 kilometres…

Egypt records 18 new oil, gas discoveries since July; 13 integrated into production map: Petroleum Minister

October 22, 2025

Minister of Petroleum and Mineral Resources Karim Badawi announced that Egypt’s petroleum sector has achieved 18 new oil and gas discoveries since July, with 13 already integrated into the national production map. These new wells collectively produce around 14,000 barrels per day of crude oil and condensates, in addition to…

Egypt’s non-oil exports jump 21% to $36.6bn in 9M 2025: El-Khatib

October 22, 2025

Minister of Investment and Foreign Trade Hassan El-Khatib reviewed the latest report issued by the General Organization for Export and Import Control (GOEIC) on Egypt’s foreign trade performance from January to September 2025, revealing a 21% growth in non-oil exports to $36.639bn — up from $30.360bn during the same period…

SCZONE chief explores cooperation with Japanese companies in key industrial sectors

October 22, 2025

Walid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), concluded his promotional tour in Tokyo with a series of high-level meetings with major Japanese corporations operating in heavy industries, food production, synthetic fibres, and infrastructure. The discussions focused on attracting new Japanese investments and…

Day: October 22, 2025