July 4, 2026 – Al Khaber for Accounting And Auditing Services

Egypt uncovers 18 ancient tombs at Marina El Alamein archaeological site

July 4, 2026

An Egyptian archaeological mission working at the Marina El Alamein Archaeological Site on Egypt’s northwestern Mediterranean coast has uncovered 18 ancient tombs, together with a collection of sarcophagi, surface burials and archaeological artefacts, offering new insights into the history and cultural significance of one of Egypt’s most important ancient coastal…

Egyptian Countryside Development reviews progress on 1.5 Million Feddan Project before Parliament committee

July 4, 2026

Amr Abdel Wahab, Chairperson and Managing Director of the Egyptian Countryside Development Company, reviewed the latest developments in the National Project for the Reclamation, Cultivation and Development of 1.5 Million Feddan during a meeting of the House of Representatives’ defence and national security committee, chaired by Mohamed Abbas Helmy. The…

Agricultural Development Programme plans to double financing portfolio to EGP 10bn, expand foreign currency lending

July 4, 2026

Egypt’s Agricultural Development Programme (ADP), affiliated with the Ministry of Agriculture and Land Reclamation, plans to double its financing portfolio from EGP 5bn to EGP 10bn while expanding lending in both local and foreign currencies to support agricultural investment, exports and food security. The plans were announced by Hamdy Azzam,…

Gold prices rise EGP 135 over past week as global rally lifts local market

July 4, 2026

Gold prices in Egypt recorded a strong weekly increase, supported by a sharp rally in international bullion markets after weaker-than-expected US labour market data fuelled expectations that the US Federal Reserve could adopt a less restrictive monetary policy, according to a technical report issued by online gold and jewellery trading…

Egypt’s irrigation minister reviews canal covering, bridge rehabilitation requests with MPs

July 4, 2026

Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, met with members of parliament to discuss public requests related to covering irrigation canals and replacing or rehabilitating bridges, stressing that all proposals must undergo comprehensive technical evaluation to safeguard the efficiency of the country’s water management system. According to a…

Banque Misr launches Riyadh branch, begins banking operations in Saudi Arabia

July 4, 2026

Banque Misr has officially launched its branch in Riyadh, marking the start of its banking operations in Saudi Arabia after completing all regulatory requirements and obtaining approval from the Saudi Central Bank (SAMA). The expansion reflects the growing economic partnership between Egypt and Saudi Arabia and reinforces Banque Misr’s strategy…

CBE mandates banks to implement Environmental, Social Risk Management System by January 2028

July 4, 2026

The Central Bank of Egypt (CBE) has instructed banks operating in the domestic market to implement an Environmental and Social Risk Management System (ESRMS), with full implementation required by January 2028, as part of its ongoing efforts to strengthen sustainable finance and embed environmental and social considerations into banks’ lending…

Balance sheet of banks in Egypt climbs to EGP 24.9trn in February as deposits, lending expand

July 4, 2026

The aggregate balance sheet of banks operating in Egypt, excluding the Central Bank of Egypt (CBE), rose to EGP 24.920trn in February 2026, up from EGP 24.508trn in January, according to the CBE’s latest monthly report. The increase of approximately EGP 412bn reflects continued growth across the banking sector’s assets,…

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Day: July 4, 2026