May 11, 2026 – Al Khaber for Accounting And Auditing Services

Madbouly tours major factories, reinforces push to localize industry, expand exports

May 11, 2026

Prime Minister Mostafa Madbouly conducted an extensive tour of several industrial facilities in 6th of October City and El Sadat City, reaffirming Egypt’s commitment to strengthening local manufacturing, increasing domestic content, and attracting global investment across strategic sectors including automotive, chemicals, engineering, and energy-related industries. During his visit to Boysen…

Beltone Venture Capital, Citadel International exit Bosta with 75% IRR

May 11, 2026

Beltone Venture Capital and UAE-based Citadel International Holdings have announced the successful exit of their joint investment in logistics startup Bosta, achieving an internal rate of return (IRR) of 75%. The transaction represents the fifth successful exit for Beltone Venture Capital since its launch in 2023 and the second exit…

Egypt’s Damietta Port receives its largest bulk cargo of 144,780 tonnes on YANG FAN vessel

May 11, 2026

Damietta Port received the Panama-flagged bulk carrier YANG FAN carrying 144,780 tonnes of bulk slag from China, marking the largest bulk cargo load handled by the port since its establishment. Arriving from Singapore, the bulk carrier measures 289 metres in length and 45 metres in width, with a draught of…

APPO to launch African training platform by year-end as Egypt proposes June ministerial summit

May 11, 2026

The African Petroleum Producers’ Organisation (APPO) will launch a continent-wide training platform by the end of the year, its secretary-general announced during talks where Egypt proposed hosting an APPO ministerial session on the sidelines of the African Union’s mid-year coordination summit in New Alamein next June. The proposed June session…

Egypt targets 70% wheat self-sufficiency by 2030 as EU-backed project aims to curb crop losses

May 11, 2026

Egypt aims to boost its wheat self-sufficiency to 70% by 2030 as domestic production nears 10 million tonnes this season, bolstered by an EU-backed mechanisation initiative targeting 400,000 farmers to heavily reduce harvest losses, Agriculture and Land Reclamation Minister Alaa Farouk announced. Speaking at a mechanised harvest event in the…

Egypt targets 5.4% economic growth, EGP 3.7trn investments in FY 2026/27 plan

May 11, 2026

Egypt is targeting an economic growth rate of between 5.2% and 5.4% and total investments of EGP 3.7trn for the fiscal year (FY) 2026/27, with private investments accounting for the majority of the planned expenditure, the Minister of Planning and Economic Development said. Presenting the FY 2026/27 economic and social…

Egypt to rebrand supply outlets into ‘CARRY ON’ franchise chain, offering youth financing

May 11, 2026

Egypt’s Ministry of Supply and Internal Trade has signed an agreement with the Micro, Small and Medium Enterprises Development Agency (MSMEDA) to transform existing state-subsidised supply outlets into a unified commercial franchise chain operating under the new brand “CARRY ON”, whilst financing new branches managed by youth. The memorandum of…

Egypt, UK explore expanding cooperation in medical training, digital healthcare

May 11, 2026

Egypt and the United Kingdom discussed ways to strengthen cooperation in the healthcare sector, focusing on expanding training programmes for doctors and nurses, as well as enhancing partnerships in digital health and hospital management. In a statement, Egypt’s Health Ministry said Minister Khaled Abdel Ghaffar met British Ambassador to Cairo…

FRA explores measures to boost market attractiveness with Private Equity Association

May 11, 2026

Financial Regulatory Authority (FRA) Chairperson Islam Azzam held an extended meeting with members of the Egyptian Private Equity and Venture Capital Association (EPEA), bringing together business leaders, investment fund and investment bank representatives, as well as economic, legal, and accounting experts. The meeting was attended by FRA Vice Chairperson Mohamed…

Egypt’s Al-Sisi arrives in Nairobi for Africa-France summit amid calls for UN Security Council reform

May 11, 2026

Egyptian President Abdel Fattah Al-Sisi arrived in Nairobi on Monday for the Africa-France Summit, an event aimed at reshaping international partnerships and reforming global financial systems, as the African Union used the gathering to demand permanent representation on the UN Security Council. The two-day summit, held on May 11 and…

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Day: May 11, 2026