March 23, 2026 – Al Khaber for Accounting And Auditing Services

Egypt advances €2.05bn Beni Suef power plant supplying 15% of national electricity capacity

March 23, 2026

Egypt’s Minister of Electricity and Renewable Energy Mahmoud Esmat conducted a field visit on Monday to the Beni Suef Combined Cycle Power Plant to review operational performance, fuel consumption rates, and preparedness ahead of the summer demand peak. The plant, one of Egypt’s largest electricity generation facilities, was developed at…

Egypt removes building violations, land encroachments across 21 governorates during Eid holiday

March 23, 2026

Egyptian authorities have removed a number of building violations and encroachments on agricultural and state-owned land during the Eid al-Fitr holiday, the Ministry of Local Development and Environment announced on Monday. Minister of Local Development and Environment Manal Awad said the enforcement campaigns were carried out across 21 governorates, with…

Egypt uncovers fifth-century monastic guesthouse in Beheira

March 23, 2026

Egypt’s Ministry of Tourism and Antiquities has announced a significant archaeological discovery in Beheira, where an Egyptian mission has uncovered a structure believed to have served as a guesthouse during the early stages of Coptic monasticism, dating back to the 5th century. The discovery was made by a mission from…

Egypt’s urban headline inflation rises to 13.4% in February 2026: CBE

March 23, 2026

Annual urban headline inflation accelerated to 13.4% in February 2026, up from 11.9% in January, driven by a seasonal increase in both food and non-food prices. Annual food inflation rose to 4.6%, while non-food inflation climbed to 19.3%. Food inflation was primarily driven by higher poultry and fresh vegetable prices,…

Valaris DS-12 arrives in Egypt to launch four-well Mediterranean gas drilling campaign

March 23, 2026

Egypt has entered a new phase of offshore gas exploration with the arrival of the Valaris DS-12 in its territorial waters, marking the start of a drilling programme targeting four new wells in the Mediterranean Sea. The advanced drillship is set to begin operations with one production well and one…

Oil slides toward $88, LNG exports hit six-month low as Trump cites productive Iran talks

March 23, 2026

Oil prices fell toward $88 per barrel and global liquefied natural gas exports sank to a six-month low on Monday after US President Donald Trump said Washington was engaged in productive talks with Iran and had ordered a five-day delay to any military strikes on Iranian power stations and energy…

Egypt offers exceptional customs facilitations for returned export shipments: Kouchouk

March 23, 2026

Egypt has introduced exceptional customs facilitations to streamline the return of export shipments that fail to reach their final destinations, Finance Minister Ahmed Kouchouk said on Monday. Kouchouk explained that export operations will be deemed incomplete in cases where vessels are forced to return without unloading their cargo or fail…

Egypt recovers EGP 1.2bn in state assets, boosts treasury revenues by EGP 1.4bn: Finance Minister

March 23, 2026

Egypt has recovered state assets valued at EGP 1.2bn and generated an additional EGP 1.4bn in treasury revenues, Finance Minister Ahmed Kouchouk said on Monday, citing efforts led by the Asset Recovery and Seizure Management Authority. In a statement, Kouchouk said the government is working to unlock new investment opportunities…

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Day: March 23, 2026