August 2026 – Page 23 – Al Khaber for Accounting And Auditing Services

Government explores leveraging military production capabilities to attract investment

August 2, 2026

Minister of State for Military Production Salah Gomblat received Minister of Investment and Foreign Trade Mohamed Farid to discuss mechanisms for strengthening cooperation between the two ministries, with a focus on leveraging the capabilities of military production companies and units to attract investment, expand local manufacturing and support Egypt’s comprehensive…

Egypt weighs transferring ownership of state holding companies to cut public debt

August 2, 2026

The Egyptian government is evaluating proposals to transfer the ownership of several public sector holding companies and their subsidiaries in an effort to maximise economic returns and reduce public debt. The initiative falls under the second edition of Egypt’s State Ownership Policy Document (2026-2030), which aims to restructure state-owned enterprises,…

Deyaar, Westway, and Harva surpass H1 2026 sales targets by more than 120%

August 2, 2026

Deyaar for Construction and Development, Westway, and Harva exceeded their sales targets by more than 120% during the first half (H1) of 2026, reflecting strong demand and the successful execution of their expansion strategies. Hany Farag, Chairperson of Deyaar, Westway, and Harva, said the strong first-half performance highlights the companies’…

Egypt reviews stalled real estate projects, explores new financing tools to support developers

August 2, 2026

Egypt’s Ministry of Housing, Utilities and Urban Communities is reviewing the conditions of real estate developers, particularly small and medium-sized firms, to identify the causes of stalled projects and develop solutions that ensure their completion, rather than relying solely on land withdrawal measures. The New Urban Communities Authority (NUCA) is…

Amarina Group launches real estate arm, plans EGP 10bn investment in five projects

August 2, 2026

Amarina Group has launched Amarina Real Estate, its property development arm, with plans to invest more than EGP 10bn in five projects across the Red Sea governorate and New Administrative Capital. The move marks the group’s entry into the real estate development sector as it seeks to diversify beyond its…

Eliwah Group forms consortium to deliver EGP 2bn medical projects in New Capital, New Cairo

August 2, 2026

Eliwah Group Development has formed a consortium with a group of Egyptian companies specialising in engineering, medical management, digital transformation, and commercial consultancy to develop and operate two medical projects with planned investments exceeding EGP 2bn. The partnership covers the company’s 9MC project in the New Administrative Capital and EMC…

Al Oula targets EGP 5bn in mortgage financing in 2026, expands liquidity solutions for developers

August 2, 2026

Al-Tameer Mortgage Finance – Al Oula is accelerating its expansion strategy in 2026, driven by rising demand for mortgage finance and an expanded suite of financing solutions for real estate developers aimed at boosting liquidity in Egypt’s property market and helping developers deliver projects on schedule. Ayman Abdel Hamid, CEO…

Egypt to launch dedicated investment fund for Egyptians abroad in 2027: Finance minister

August 2, 2026

Minister of Finance Ahmed Kouchouk has announced that the government will launch a dedicated investment fund for Egyptians living abroad next year, offering a range of investment instruments tailored specifically to the needs of the Egyptian diaspora. Speaking during a panel discussion titled State Policy for Supporting Egyptians Abroad at…

“Yalla Sahel” Initiative Announces Strategic Partnership with TikTok to Strengthen the North Coast’s Position as a Leading Destination for Digital Entertainment and Tourism in the Region

August 2, 2026

The “Yalla Sahel” initiative announced a strategic partnership with TikTok, the world’s leading platform for content creation and entertainment, in a step that represents a major milestone within the initiative’s vision to redefine the North Coast experience and transform it into an integrated destination combining entertainment, sports, culture, tourism, and…

FEDCOC Head urges businesses to join new licensing system

August 2, 2026

Chairman of the Federation of Egyptian Chambers of Commerce (FEDCOC) Ahmed al-Wakil described the new public shop licensing system as a “historic opportunity” to integrate informal businesses into the formal economy, urging traders and business owners to take advantage of government incentives to regularize their operations. al-Wakil praised the government’s…

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Month: August 2026