November 10, 2026 – Al Khaber for Accounting And Auditing Services

Egypt’s wheat output reaches 11m tonnes, agriculture minister tells Senate

November 10, 2026

Egypt’s Minister of Agriculture and Land Reclamation Alaa Farouk presented his ministry’s food security strategy to a plenary session of the Senate, telling lawmakers that wheat output had risen to 11 million tonnes in 2026 and that the country’s farmland had expanded to 10.5 million feddans. Farouk said the strategy…

Egypt’s cabinet approves second phase of World Bank budget support programme

November 10, 2026

Egypt’s cabinet, meeting under Prime Minister Mostafa Madbouly at the government’s headquarters in the New Administrative Capital, approved a draft presidential decree on the second phase of a World Bank development policy financing programme, alongside a series of decisions on coastal management, public contracts and education. The financing agreement, signed…

Egypt’s FRA, EBRD discuss government share offerings, financial sector reforms

November 10, 2026

Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), met on Tuesday with a delegation from the European Bank for Reconstruction and Development (EBRD) to discuss recent government share offerings on the Egyptian Exchange (EGX) and the latest developments in Egypt’s non-banking financial sector. The delegation comprised Mark Davis, Managing…

CIB reports EGP 103bn in revenue, EGP 63.1bn in net income in 9M 2026

November 10, 2026

Commercial International Bank (CIB) reported consolidated net income of EGP 63.1bn, equivalent to EGP 16.7 per share, for the first nine months of 2026, marking a 2% increase year-on-year (YoY), despite an exceptional EGP 13.1bn provision release recorded in the third quarter of 2025 following the recalibration of the bank’s…

Egypt’s Investment Minister holds talks in Washington to boost US trade, African market access

November 10, 2026

Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, held a series of high-level bilateral meetings in Washington, DC, on the sidelines of the B20 USA 2026 Business Summit, to strengthen trade and investment ties with the United States and expand cooperation with international financial institutions. Accompanied by Egypt’s Ambassador…

SCZONE, Shanghai Pudong Development Bank explore investment, financing partnership

November 10, 2026

Moustafa Shaikhon, Chairperson of the Suez Canal Economic Zone (SCZONE), met on Tuesday with a delegation from Shanghai Pudong Development Bank (SPDB) to discuss joint investment opportunities, project financing mechanisms, and infrastructure development across the economic zone. The meeting, held at SCZONE headquarters in the New Administrative Capital, was led…

Private sector contributes 80% of Egypt’s GDP: Minister

November 10, 2026

Ahmed Rostom, Minister of Planning and Economic Development, said Egypt’s economic policy is shifting towards a competitive, private sector-led growth model aimed at translating economic stability into a production and export boom while creating decent job opportunities. He revealed that the private sector accounts for approximately 80% of Egypt’s gross…

Egypt secures Titanic Hotels, Hilton deals to expand hospitality capacity

November 10, 2026

Egyptian Prime Minister Moustafa Madbouly witnessed the signing of two major hotel management agreements with international hospitality operators at the government headquarters in the New Administrative Capital, reflecting growing domestic and foreign investment in the country’s tourism sector. The agreements will bring international hotel brands to key destinations across Egypt,…

TMG invests in new-generation golf destinations to boost high-spending tourism

November 10, 2026

Omar Hisham Talaat, the Group’s Chief Business Development Officer and President of the Egyptian Golf Federation announced that Talaat Moustafa Group (TMG) is investing in a new generation of world-class sports and tourism destinations designed to attract high-spending international travelers.Speaking at the World Golf Awards (WGA), hosted in Africa for…

AMAZON’S INVESTMENTS CONTRIBUTED MORE THAN EGP 29 BILLION TO EGYPT’S ECONOMY OVER THE PAST DECADE

November 10, 2026

Amazon’s investments have supported more than 60,000 direct, indirect, induced and seasonal jobs across the Egyptian economy, underscoring the company’s role as a long-term partner in the country’s growth. CAIRO, EGYPT — November 7, 2026 — Amazon today announced that its investments have contributed more than EGP 29 billion to…

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Day: November 10, 2026