December 15, 2025 – Al Khaber for Accounting And Auditing Services

Egypt moves to roll out ‘green label’ for plastic products to boost circular economy

December 15, 2025

Egypt has held the first meeting of a committee tasked with rolling out a national “green label” certification system for plastic products and packaging, as part of broader efforts to promote sustainability and advance a circular economy, the Ministry of Environment said. The meeting was chaired by Yasser Abdallah, head…

Egypt begins trial operations at Red Sea Container Terminal as first vessel docks at Sokhna Port

December 15, 2025

Egypt has launched trial operations at Red Sea Container Terminal No. 1 at Sokhna Port, marking a significant milestone in its strategy to transform national ports into a regional hub for transport, logistics and transshipment. The launch was inaugurated by Deputy Prime Minister for Industrial Development and Minister of Industry…

PM Madbouly urges investors to ‘double’ stakes as Egypt trade deficit hits 10-year low

December 15, 2025

Prime Minister Mostafa Madbouly urged business leaders to “double” their investments in Egypt on Monday, citing the country’s lowest trade deficit in a decade and record non-oil exports as evidence of a “vast and promising” economic climate. Speaking at a meeting with export council heads and Investment Minister Hassan El-Khatib,…

Egypt, Italy’s Eni discuss healthcare partnership to operate two hospitals

December 15, 2025

Prime Minister Mostafa Madbouly met executives from Italy’s Eni and the San Donato Hospitals Group on Monday to discuss cooperation in community development within the healthcare sector, including the management and operation of two hospitals in Cairo and the New Administrative Capital, according to a cabinet statement. The meeting was…

Four-nation consortium launches 2GW Atum Solar plant in Egypt targeting US exports

December 15, 2025

Egypt laid the foundation stone on Monday for a $210m solar energy manufacturing complex in the Suez Canal Economic Zone (SCZONE), a project involving Chinese, Emirati, Bahraini, and Egyptian partners with a targeted annual capacity of 2 gigawatts (GW). The “Atum Solar” project, located in the TEDA industrial zone, aims…

HSBC Economists highlight global shifts, Egypt’s recovery prospects

December 15, 2025

HSBC Egypt hosted nearly 300 clients, business leaders and industry experts at its annual Economist Roadshow, bringing together the bank’s leading economists to discuss key developments shaping global markets, the regional outlook and their implications for Egypt’s economy. The event featured Janet Henry, HSBC’s Global Chief Economist, and Simon Williams,…

Egypt targets 480 new oil and gas wells in $5.7bn exploration push

December 15, 2025

Egypt plans to drill 480 exploratory wells with total investments estimated at $5.7bn over the next five years, Minister of Petroleum and Mineral Resources Karim Badawi said on Monday, as the country seeks to reverse a decline in natural gas output. Speaking at the 9th Al-Ahram Energy Conference, Badawi stated…

Legislative, technological reforms expand access to non-banking financial activities: FRA chair

December 15, 2025

Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), said that the development of legislative and regulatory frameworks, alongside the expansion of fintech applications, has played a pivotal role in widening the base of beneficiaries of non-banking financial activities, while empowering youth and women to actively participate in capital markets,…

CIB launches Women in Business Empowerment Programme

December 15, 2025

Commercial International Bank Egypt (CIB) has launched the Women in Business Empowerment Programme, developed in cooperation with the European Bank for Reconstruction and Development (EBRD) and supported by the European Union’s Financial Inclusion Initiative. The programme underscores CIB’s ongoing commitment to expanding women’s economic participation and enhancing their ability to…

GAFI witnesses first Polish investment agreement in Egypt’s frozen food sector

December 15, 2025

The General Authority for Investment and Free Zones (GAFI) has witnessed the signing of a land sale agreement between Elsewedy Industrial Development and Poland-based Fruitful, marking the first Polish investment in Elsewedy’s industrial projects and Poland’s entry into Egypt’s frozen food manufacturing sector. Under the agreement, Fruitful will establish a…

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Day: December 15, 2025