2026 – Page 96 – Al Khaber for Accounting And Auditing Services

Egypt unveils integrated plan to boost pharmaceutical, garments exports

March 2, 2026

Egypt’s Ministers of Investment and Foreign Trade, Industry, and Labour have held two high-level meetings with key industry stakeholders as part of a coordinated government drive to strengthen the competitiveness of the pharmaceutical and ready-made garments sectors, increase exports, and deepen local manufacturing. Pharmaceutical sector roadmap The first meeting brought…

Higher Education Minister fast-tracks construction of new French University campus in New Administrative Capital

March 2, 2026

Construction of the new French University in Egypt (UFE) campus is progressing according to schedule as a “new generation” smart academic institution, Higher Education Minister Abdelaziz Konsowa said during a meeting with French Ambassador Eric Chevallier. The project, which receives full support from the Egyptian state, aims to establish a…

US dollar nearing LE 49 after rising 88 piasters in banks

March 2, 2026

The exchange rate of the US dollar against the Egyptian pound saw a notable increase during Sunday’s trading, with the US currency rising by amounts ranging between 38 and 88 piasters in several banks, compared to the average closing prices on Thursday. The price in certain banks approached the LE49…

Gold prices soar after US-Israeli war on Iran

March 2, 2026

Global markets opened trading on Monday with a sharp rise in gold prices driven by escalating geopolitical tensions. The US-Israeli strikes on Iran began on Saturday morning, killing Iranian Supreme Leader Ali Khamenei and several other senior commanders, raising fears of a wider regional escalation and global economic repercussions. …

Five investment banks pledge to establish specialised funds to support industrial sector

March 1, 2026

Five investment banks have pledged to establish specialised investment funds to support the industrial sector. This would strengthen the link between financing and production, expanding industrial capacity, increasing employment rates, and supporting sustainable economic growth. The announcement was made during an expanded meeting chaired by Mohamed Farid, Minister of Investment…

Egypt moves to secure strategic fuel reserves amid rising regional tensions

March 1, 2026

Egypt’s Prime Minister Mostafa Madbouly chaired a high-level meeting on Sunday to assess the readiness of the country’s energy sector in light of escalating military tensions across the region. The meeting was attended by Minister of Electricity and Renewable Energy Mahmoud Esmat, Minister of Finance Ahmed Kouchouk, and Minister of…

BRT offers $5bn cheaper alternative to metro: Transport Minister

March 1, 2026

Egypt’s Transport Minister Kamel Al-Wazir conducted an inspection tour of the Bus Rapid Transit (BRT) project. The tour focused on the final touches and operational readiness of the second phase, extending 40 km from El-Moshir Tantawy Station to Sun Capital Station at the intersection of the Ring Road and Fayoum…

Egyptian banking syndicate signs $119.4m facility for Flex PET expansion

March 1, 2026

A syndicate of Egyptian banks has signed a long-term syndicated facility worth $119.4m for Flex PET Egypt to finance the second phase of its manufacturing plant in the Ain Sokhna industrial zone. The lending group is led by QNB Egypt, acting as the initial mandated lead arranger, facility agent, security…

Government steps up coordination to contain impact of airspace closures on Egyptian exports

March 1, 2026

The Ministries of Investment and Foreign Trade, Supply and Internal Trade, and Agriculture and Land Reclamation are intensifying coordination to assess and mitigate the repercussions of airspace closures in a number of countries on Egyptian exports, particularly fast-perishing agricultural produce. The move comes amid ongoing monitoring of regional developments and…

Attracting investment, deepening local manufacturing top priorities in next phase: Military Production Minister

March 1, 2026

Salah Suleiman Gemblat, Minister of State for Military Production, held talks with Karim Farag, Executive Vice President of SC Johnson for the Asia and Australia region, to explore areas of mutual interest and potential joint cooperation. Gemblat reaffirmed the ministry’s openness to establishing productive strategic partnerships with local and international…

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Year: 2026