March 1, 2026 – Al Khaber for Accounting And Auditing Services

Five investment banks pledge to establish specialised funds to support industrial sector

March 1, 2026

Five investment banks have pledged to establish specialised investment funds to support the industrial sector. This would strengthen the link between financing and production, expanding industrial capacity, increasing employment rates, and supporting sustainable economic growth. The announcement was made during an expanded meeting chaired by Mohamed Farid, Minister of Investment…

Egypt moves to secure strategic fuel reserves amid rising regional tensions

March 1, 2026

Egypt’s Prime Minister Mostafa Madbouly chaired a high-level meeting on Sunday to assess the readiness of the country’s energy sector in light of escalating military tensions across the region. The meeting was attended by Minister of Electricity and Renewable Energy Mahmoud Esmat, Minister of Finance Ahmed Kouchouk, and Minister of…

BRT offers $5bn cheaper alternative to metro: Transport Minister

March 1, 2026

Egypt’s Transport Minister Kamel Al-Wazir conducted an inspection tour of the Bus Rapid Transit (BRT) project. The tour focused on the final touches and operational readiness of the second phase, extending 40 km from El-Moshir Tantawy Station to Sun Capital Station at the intersection of the Ring Road and Fayoum…

Egyptian banking syndicate signs $119.4m facility for Flex PET expansion

March 1, 2026

A syndicate of Egyptian banks has signed a long-term syndicated facility worth $119.4m for Flex PET Egypt to finance the second phase of its manufacturing plant in the Ain Sokhna industrial zone. The lending group is led by QNB Egypt, acting as the initial mandated lead arranger, facility agent, security…

Government steps up coordination to contain impact of airspace closures on Egyptian exports

March 1, 2026

The Ministries of Investment and Foreign Trade, Supply and Internal Trade, and Agriculture and Land Reclamation are intensifying coordination to assess and mitigate the repercussions of airspace closures in a number of countries on Egyptian exports, particularly fast-perishing agricultural produce. The move comes amid ongoing monitoring of regional developments and…

Attracting investment, deepening local manufacturing top priorities in next phase: Military Production Minister

March 1, 2026

Salah Suleiman Gemblat, Minister of State for Military Production, held talks with Karim Farag, Executive Vice President of SC Johnson for the Asia and Australia region, to explore areas of mutual interest and potential joint cooperation. Gemblat reaffirmed the ministry’s openness to establishing productive strategic partnerships with local and international…

Egypt’s PM reviews state-owned company restructuring, IPO plans, ownership policy update

March 1, 2026

Egyptian Prime Minister Mostafa Madbouly chaired a government meeting on Sunday at the New Administrative Capital to review progress on a number of priority economic files, including the restructuring of state-owned companies, planned stock market listings, and updates to the State Ownership Policy Document. The meeting was attended by Deputy…

Investment Minister brings together developers, regulators to accelerate rollout of digital REIFs

March 1, 2026

Minister of Investment and Foreign Trade Mohamed Farid Saleh convened a high-level meeting with representatives from five government entities, leading real estate developers, and executives from digital platforms specialising in real estate investment funds (REIFs), as part of efforts to advance innovative financing mechanisms for Egypt’s property market. The meeting…

Egyptian developers shift to smaller units to navigate economic pressure: Sawiris

March 1, 2026

Chairperson and CEO of Ora Developer, Naguib Sawiris, said that developers adopted a new strategy to navigate current economic challenges, emphasizing that Egypt’s property market is undergoing a phase that requires significant flexibility in both execution and product offerings. Sawiris said in TV interview that Egypt’s real estate sector is…

The Egyptian Real Estate Platform announces comprehensive restructuring

March 1, 2026

The Official Egyptian Real Estate Platform has announced a comprehensive restructuring and the introduction of 10 new services as part of a major upgrade scheduled for April 2026. The move aims to strengthen Egypt’s real estate export strategy, enhance transparency, and improve market efficiency. Ahmed Elbatrawy, Founder and…

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Day: March 1, 2026