June 13, 2026 – Al Khaber for Accounting And Auditing Services

Madbouly inspects strategic gas projects, infrastructure developments during Beheira tour

June 13, 2026

Prime Minister Mostafa Madbouly reaffirmed Egypt’s commitment to attracting new investments into the oil and gas sector and accelerating infrastructure development during a tour of several strategic projects in Beheira on Saturday. The visit included inspections of natural gas production facilities in the Deepwater West Delta area, the International Coastal…

MSMEDA injects EGP 2.2bn to finance 54,000 projects in Menoufeya: CEO

June 13, 2026

Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the agency injected EGP 2.2bn in financing into Menoufeya between July 2014 and April 2026. The funding supported medium, small and micro enterprises, as well as infrastructure, community development and training projects. The financing helped…

Benban, Abydos expansions to add 1,000 MW of renewable energy capacity to Egypt’s national grid

June 13, 2026

Egypt is set to add 1,000 megawatts (MW) of renewable energy capacity and 600 megawatt-hours (MWh) of battery storage to the national electricity grid in the coming months, as part of its ongoing transition toward clean energy and efforts to reduce reliance on fossil fuels. The announcement was made during…

FRA chairperson discusses insurance sector cooperation with Russian central bank deputy governor

June 13, 2026

Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), received a Russian delegation headed by Alexey Guznov, Deputy Governor of the Central Bank of Russia, in the presence of Ahmed Abdel Aziz, Deputy Chairperson of the FRA; Mahmoud Gabrial, Assistant Chairperson of the Authority; and Abeer Saleh, Adviser to the…

Egypt upgrades 33 railway workshops, completes 8 new maintenance facilities under network modernization plan

June 13, 2026

Egypt has completed the modernization of 33 railway workshops nationwide and finalized the construction of eight new maintenance facilities out of a planned total of 11, as part of the government’s comprehensive strategy to modernize the national railway network and improve transportation services. The announcement came during a visit by…

EU to mobilise up to €25bn for renewables, clean tech by 2035 through Pact for Mediterranean

June 13, 2026

The European Union (EU) has unveiled an ambitious new initiative aimed at accelerating the green energy transition across the Mediterranean region, with plans to mobilise up to €25bn in investments by 2035. The initiative, known as the Trans-Mediterranean Renewable Energy and Clean Technology Cooperation (T-MED), was launched during the European…

Egypt gears up to launch universal health insurance in Minya

June 13, 2026

Egypt is preparing to launch its universal health insurance system in Minya, home to around seven million residents, making it the first governorate to join the programme’s second phase, Minister of Health and Population Khaled Abdel Ghaffar said. According to a statement from the Ministry of Health and Population, Abdel…

Inflation in May 2026: A Reassuring Decline and a Cautionary Signal

June 13, 2026

The key message in May’s data is that headline inflation continued to fall, while core inflation raised a yellow card to markets. Egypt’s inflation data for May 2026 carried a blend of positive signals and cautionary messages at the same time. On the one hand, the annual headline urban inflation…

ADCB Egypt launches first investment fund in partnership with EFG Hermes

June 13, 2026

Abu Dhabi Commercial Bank (ADCB) Egypt has launched its first investment fund in the Egyptian market through a strategic partnership with EFG Hermes Asset Management, marking a significant step in the bank’s efforts to diversify its investment offerings and enhance wealth management solutions for clients. Under the agreement, ADCB Egypt…

Daily News Egypt tracks key banking sector performance indicators in 2025

June 13, 2026

Daily News Egypt reviews the key performance indicators of banks operating in the Egyptian market in 2025, based on the latest report issued by the Central Bank of Egypt (CBE). Total Assets The CBE revealed that total assets of the Egyptian banking sector, excluding the Central Bank, stood at EGP…

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Day: June 13, 2026