May 2026 – Page 12 – Al Khaber for Accounting And Auditing Services

CIB posts Q1 2026 consolidated revenue of EGP 31.2bn, net profit of EGP 17.8bn

May 12, 2026

Commercial International Bank (CIB) reported consolidated net profit of EGP 17.8bn for the first quarter (Q1) of 2026, equivalent to EGP 4.65 per share, marking a 7% increase compared with the same period last year. The bank said it delivered resilient financial results despite an increasingly uncertain global environment during…

Investment fund net assets surge to EGP 410bn in Q1 2026: FRA

May 12, 2026

The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has issued its first report on the performance of investment funds operating in the Egyptian market during the first quarter (Q1) of 2026, revealing strong growth that reflects rising demand for investment funds as one of the key investment instruments in…

Egypt, Türkiye’s Gürok Group discuss new glassware manufacturing project

May 12, 2026

Minister of Industry Khaled Hashem held talks with a delegation from Gürok Group to discuss the company’s plans to establish a new industrial project in Egypt specialising in glass tableware manufacturing for export markets. During the meeting, the two sides reviewed the framework of the proposed project, which is expected…

World Bank urges stronger state asset measurement in Egypt’s public finance reforms

May 12, 2026

World Bank Global Director for Governance Arturo Herrera Gutierrez underscored the importance of measuring state assets in Egypt’s public finance management, noting that governments often emphasize financial flows, such as revenues, taxes, budgets, and public investment, while assets remain underrepresented in fiscal analysis. This, he said, can limit the completeness…

Egypt preparing second phase of OECD country programme: Planning minister

May 12, 2026

Ahmed Rostom, Minister of Planning and Economic Development, participated in a meeting of the External Relations Committee of the Organisation for Economic Co-operation and Development (OECD) to review areas of cooperation between Egypt and the organisation. During his remarks, Rostom highlighted the depth of cooperation between Egypt and the OECD,…

Egypt advances FY2025/26 development plan, strengthens governance of public investments

May 12, 2026

Egypt’s Prime Minister Mostafa Madbouly met with Minister of Planning and Economic Development Ahmed Rostom to review the progress of the country’s FY2025/26 economic and social development plan and discuss measures to enhance the governance of public investments. During the meeting, Madbouly reaffirmed the government’s commitment to driving forward projects…

Cadillac Arrives in Egypt, Introducing a New Standard of Iconic Automotive Luxury

May 12, 2026

Cairo – May 12, 2026 – A new era of empowering luxury is dawning in Egypt as Cadillacofficially returns to the Egyptian market in partnership with Mansour Automotive, one ofthe country’s leading automotive groups. The landmark collaboration with GeneralMotors marks a major milestone in Cadillac’s global expansion and a decisive…

Petroleum minister, APPO chief discuss supporting Egypt-Africa integration efforts in energy

May 12, 2026

Petroleum and Mineral Resources Minister Karim Badawi discussed on Monday, May 11, 2026, with Secretary-General of the African Petroleum Producers Organization (APPO) Farid Ghazali means to support Egyptian-African integration efforts in the energy industry. During the meeting, the minister proposed studying the organization of a ministerial session for energy ministers…

19349 Hotline Launched at the Giza Pyramids Visitor Area to Enhance Visitor Experience with Supreme Council of Antiquities and Orascom Pyramids Entertainment

May 12, 2026

In line with the protocol signed between the Supreme Council of Antiquities and Orascom Pyramids Entertainment, and as part of Orascom Pyramids’ commitment to delivering a world-class visitor experience that reflects the status of the Giza Pyramids as one of the world’s most important tourist and archaeological destinations, the unified…

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…

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Month: May 2026