June 21, 2026 – Al Khaber for Accounting And Auditing Services

MIDAR, Majid Al Futtaim sign $3.1bn partnership to develop integrated urban project in New Cairo

June 21, 2026

MIDAR for Investment and Urban Development has signed a strategic partnership with Majid Al Futtaim to develop an integrated urban project within MADA City in New Cairo, with a total development value of $3.1bn. The agreement was announced during a press conference held at the Cabinet headquarters in the New…

CBE prohibits financing for company formation, capital increases, and dividend distributions

June 21, 2026

The Central Bank of Egypt (CBE) has issued a directive requiring banks not to grant credit facilities to customers for the purpose of financing the capital of companies under incorporation, funding capital increases, or using bank financing to support cash dividend distributions or employee share award programmes. In a circular…

Banks operating in Egypt adopt international ISO 20022 standard for financial transfers

June 21, 2026

In a pivotal step towards transforming Egypt’s digital payments infrastructure, the Central Bank of Egypt (CBE) announced the adoption of the international ISO 20022 standard across the Egyptian banking sector for SWIFT messaging in interbank financial transfers, effective 21 June 2026. In this regard, Hassan Abdalla, Governor of the CBE,…

South Africa completes technical plans for automotive and industrial pact with Egypt

June 21, 2026

South Africa has completed technical preparations for proposed industrial and automotive cooperation protocols with Egypt, South African Minister of Trade, Industry and Competition Parks Tau said during bilateral talks in Cairo. The expansive discussions, which included Egyptian Minister of Investment and Foreign Trade Mohamed Farid Saleh and Egypt’s Minister of…

Minister of Industry reviews production at ELARABY, Samsung factories in Beni Suef

June 21, 2026

Minister of Industry Khaled Hashem, accompanied by Beni Suef Governor Abdullah Abdel Aziz, conducted an inspection tour of Samsung Electronics’ factory, ELARABY Group’s home appliances complex, and the industrial wastewater treatment plant in the Kom Abu Radi industrial zone in Beni Suef. The visit was part of ongoing field follow-ups…

Egypt launches industrial fund, unified investment platform to boost production, exports

June 21, 2026

Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, announced a set of new initiatives aimed at supporting industry and exports, including the launch of an industrial fund under the Egyptian Sovereign Fund and a unified digital platform for economic entities to streamline investor procedures. The announcement was made during…

Titan, SolarizEgypt partner to build 11.45 MW solar power plant at Beni Suef Cement

June 21, 2026

Titan Egypt has announced the signing of a long-term Power Purchase Agreement (PPA) with SolarizEgypt to develop and construct an 11.45 MW solar power plant for Beni Suef Cement Company, a subsidiary of Titan Egypt. This step reflects both companies’ commitment to supporting sustainability and increasing reliance on clean energy…

MSMEDA finances industrial projects worth over EGP 3bn in 2022-2026: CEO

June 21, 2026

Bassel Rahmy, Chief Executive Officer of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), said that the strong support the agency receives from the political leadership has contributed to a significant increase in financing volumes. He noted that productive projects accounted for 30% of total financing in 2025, while…

Egypt explores defence industry cooperation with South Korea’s BongSan

June 21, 2026

Salah Gombalat, Minister of State for Military Production, received a delegation from the South Korean company BongSan to explore avenues for joint cooperation in the defence industries sector. Gombalat said that the ministry is implementing an integrated strategy, in line with the directives of President Abdel Fattah Al-Sisi, to deepen…

Banque Misr supports investors, farmers in 1.5 Million Feddan project

June 21, 2026

Hisham Okasha, Chief Executive Officer of Banque Misr, and Amr Abdel Wahab, Chairperson and Managing Director of the Egyptian Countryside Development Company, signed two cooperation protocols aimed at supporting investments by Egyptians abroad who are beneficiaries of New Egyptian Countryside lands and financing small and medium-sized enterprises operating within the…

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Day: June 21, 2026