News – Page 161 – Al Khaber for Accounting And Auditing Services

IMF set to approve US$2.7 billion to Egypt after New Year holidays: Source

December 24, 2025

An informed government source said that the International Monetary Fund‘s (IMF) Executive Board will convene after the New Year holidays to approve a report on the fifth and sixth reviews of Egypt’s reform program at the staff level. The source indicated that this step paves the way for the report’s…

Quantum Investment BV raises stake in Edita Food Industries in EGP 1.26bn block trade

December 23, 2025

Quantum Investment BV has increased its stake in Edita Food Industries through a block trade valued at EGP 1.26bn, reinforcing investor confidence in the company and in Egypt’s capital markets. Edita Food Industries announced that Quantum Investment BV, one of its main shareholders, acquired 51.47 million shares at a price…

Al-Sisi reconstitutes CBE board, renews Hassan Abdallah’s chairmanship

December 23, 2025

President Abdel Fattah Al-Sisi has issued Presidential Decree No. 733 of 2025, reconstituting the Board of Directors of the Central Bank of Egypt (CBE) and renewing the appointment of Hassan Abdallah as Chairman for an additional one-year term. Under the new formation, the Board includes Rami Abou El-Naga and Tarek…

Suez Canal expects return to normal traffic by mid-2026 as Maersk, CMA CGM return

December 23, 2025

Major shipping lines have begun returning to the Suez Canal, Suez Canal Authority (SCA) Chairperson Osama Rabie said on Tuesday, as the waterway recorded the transit of one of the world’s largest container ships for the first time in two years. The transit of the LNG-powered CMA CGM Jacques Saade…

MSMEDA coordinates national efforts to support innovators, start-ups: Rahmy

December 23, 2025

Basel Rahmy, Chief Executive Officer of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), affirmed that the Agency is intensifying coordination with all relevant stakeholders to ensure that innovators and start-ups receive comprehensive support. This includes cooperation with government entities, civil society organisations, research centres, universities, the private sector,…

ETA continues to upgrade services, expand engagement with business community: Director

December 23, 2025

Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), said the Authority is continuing to develop its services and expand communication channels with the business community as part of efforts to ensure tax stability and support economic development. In a statement issued on Tuesday, Abdel Aal said the second…

Egypt, Spain discuss cooperation on migration health, rare diseases

December 23, 2025

Egypt’s Health Minister Khaled Abdel Ghaffar held a video call with Spain’s Health Minister Mónica García to discuss expanding bilateral health cooperation and strengthening coordination on issues of mutual interest, Egypt’s health ministry said in a statement on Tuesday. Abdel Ghaffar said the meeting provided an opportunity to deepen the…

Egypt, FAO discuss new climate adaptation, sustainable agriculture projects

December 23, 2025

Egypt’s Acting Minister of Environment, Manal Awad, met officials from the Food and Agriculture Organization of the United Nations (FAO) to discuss expanding cooperation and launching new projects focused on climate adaptation, sustainable agriculture and ecosystem protection, the environment ministry said in a statement on Tuesday. Awad said Egypt’s partnership…

Egypt’s “Decent Life” initiative targets EGP 4.7bn investment for sewage, health in Al-Saff and Atfih

December 23, 2025

Infrastructure and service projects totalling 70 across Giza’s Atfih and Al-Saff districts have reached a combined investment of EGP 4.7bn, Housing Minister Sherif El-Sherbiny announced during a prime ministerial tour on Tuesday. The projects, part of the “Decent Life” (Haya Karima) presidential initiative, aim to provide a significant shift in…

Electricity Minister explores mining, technology cooperation with China’s NORINCO

December 23, 2025

Mahmoud Esmat, Minister of Electricity and Renewable Energy, met with Cheng Defang, Chairperson of China North Industries Group Corporation (NORINCO), at the outset of his visit to Beijing to discuss prospects for cooperation in exploration, mining and advanced manufacturing. NORINCO operates across several strategic sectors, including defence industries, oil and…

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