2025 – Page 26 – Al Khaber for Accounting And Auditing Services

Egypt-Greece trade hits $2bn: GAFI

December 3, 2025

Yasser Abbas, Deputy CEO of the General Authority for Investment and Free Zones (GAFI), announced that economic relations between Egypt and Greece continue to strengthen, with bilateral trade reaching approximately $2bn and more than 200 Greek companies now active across various sectors in the Egyptian market. His remarks came during…

UNIDO, partners expand Egypt’s Circular ICT Initiative, unveil new partnership strategy

December 3, 2025

The United Nations Industrial Development Organization (UNIDO), the Delegation of the European Union to Egypt, the government of Finland, and the Egyptian ministry of industry, together with major technology partners including Orange Group, Nokia and Cordon, celebrated the progress of the One Circle pilot project since its launch in 2023.…

Tax Authority issues new instructions on offsetting credit, debit balances

December 3, 2025

Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced that the Authority has issued Instruction No. 46 of 2025, outlining new procedures for offsetting credit and debit balances for registered taxpayers in accordance with Article 50 of Law No. 206 of 2020. She noted that the instructions were…

AOI expands cooperation with leading French defence firms

December 3, 2025

The Arab Organization for Industrialization (AOI) signed a Memorandum of Understanding (MoU) and a cooperation agreement with the French company Sofema on the third day of the Egypt Defence Expo (EDEX 2025). The agreements aim to strengthen collaboration in the maintenance and overhaul of aircraft engines. This step aligns with…

Egypt aims for $20bn in apparel exports by 2030, tapping global supply chain realignments

December 2, 2025

Egypt’s ready-made garments and textiles sector has strong potential to achieve a major export leap and reach $20bn in annual exports by 2030, driven by global supply chain shifts and state-led efforts to strengthen manufacturing competitiveness, according to Mahmoud Ghazal, Member of the Textile Industries Chamber and Chairperson of Nile…

Egypt forms committee to address customs disparities, strengthen local industry

December 2, 2025

Minister of Industry and Transport and Deputy Prime Minister for Industrial Development Kamel Al-Wazir has announced the formation of a committee to investigate harmful customs disparities affecting local industries and propose corrective measures. The committee will be chaired by the Ministry of Investment and Foreign Trade, with the participation of…

Net foreign assets of Egypt’s banking sector rise to $22.6bn in October

December 2, 2025

The Central Bank of Egypt (CBE) announced that net foreign assets (NFAs) in the banking sector rose to $22.656bn, equivalent to EGP 1.070tn, in October 2025, compared to $20.783bn (around EGP 996.148bn) in September. According to the CBE’s monthly report, total foreign assets held by the banking system—which includes the…

Egypt unveils ambitious strategy to boost D-8 intra-trade to $500bn by 2030

December 2, 2025

Hassan El-Khatib, Minister of Investment and Foreign Trade, reaffirmed Egypt’s commitment to completing the ratification procedures for the Preferential Trade Agreement (PTA) among member states of the Developing-8 Organisation for Economic Cooperation (D-8). He added that Egypt will formally notify the organisation’s Secretariat once the process is finalised. El-Khatib stressed…

Egypt’s Health Minister leads high-level meeting to safeguard medicine, medical supply chains

December 2, 2025

Egypt’s Health Minister and Deputy Prime Minister Khaled Abdel Ghaffar chaired an expanded meeting to assess the stability of the country’s medicine and medical supplies supply chains, the Ministry of Health announced on Tuesday. The meeting brought together Finance Minister Ahmed Kouchouk; Hisham Setit, head of the Egyptian Unified Procurement…

CBE attracts $1.041bn in bids for USD T-bills, accepts $961m at 3.75% rate

December 2, 2025

The Central Bank of Egypt (CBE) received 19 bids totaling $1.041bn in its USD-denominated local treasury bill auction held on Monday. The offering, originally sized at $950m for a 364-day tenor maturing on 1 December 2026, drew strong investor interest. According to data published on the CBE’s website, the bank…

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Year: 2025