News – Page 10 – Al Khaber for Accounting And Auditing Services

Egypt advances FY2025/26 development plan, strengthens governance of public investments

May 12, 2026

Egypt’s Prime Minister Mostafa Madbouly met with Minister of Planning and Economic Development Ahmed Rostom to review the progress of the country’s FY2025/26 economic and social development plan and discuss measures to enhance the governance of public investments. During the meeting, Madbouly reaffirmed the government’s commitment to driving forward projects…

Cadillac Arrives in Egypt, Introducing a New Standard of Iconic Automotive Luxury

May 12, 2026

Cairo – May 12, 2026 – A new era of empowering luxury is dawning in Egypt as Cadillacofficially returns to the Egyptian market in partnership with Mansour Automotive, one ofthe country’s leading automotive groups. The landmark collaboration with GeneralMotors marks a major milestone in Cadillac’s global expansion and a decisive…

Petroleum minister, APPO chief discuss supporting Egypt-Africa integration efforts in energy

May 12, 2026

Petroleum and Mineral Resources Minister Karim Badawi discussed on Monday, May 11, 2026, with Secretary-General of the African Petroleum Producers Organization (APPO) Farid Ghazali means to support Egyptian-African integration efforts in the energy industry. During the meeting, the minister proposed studying the organization of a ministerial session for energy ministers…

19349 Hotline Launched at the Giza Pyramids Visitor Area to Enhance Visitor Experience with Supreme Council of Antiquities and Orascom Pyramids Entertainment

May 12, 2026

In line with the protocol signed between the Supreme Council of Antiquities and Orascom Pyramids Entertainment, and as part of Orascom Pyramids’ commitment to delivering a world-class visitor experience that reflects the status of the Giza Pyramids as one of the world’s most important tourist and archaeological destinations, the unified…

Madbouly tours major factories, reinforces push to localize industry, expand exports

May 11, 2026

Prime Minister Mostafa Madbouly conducted an extensive tour of several industrial facilities in 6th of October City and El Sadat City, reaffirming Egypt’s commitment to strengthening local manufacturing, increasing domestic content, and attracting global investment across strategic sectors including automotive, chemicals, engineering, and energy-related industries. During his visit to Boysen…

Beltone Venture Capital, Citadel International exit Bosta with 75% IRR

May 11, 2026

Beltone Venture Capital and UAE-based Citadel International Holdings have announced the successful exit of their joint investment in logistics startup Bosta, achieving an internal rate of return (IRR) of 75%. The transaction represents the fifth successful exit for Beltone Venture Capital since its launch in 2023 and the second exit…

Egypt’s Damietta Port receives its largest bulk cargo of 144,780 tonnes on YANG FAN vessel

May 11, 2026

Damietta Port received the Panama-flagged bulk carrier YANG FAN carrying 144,780 tonnes of bulk slag from China, marking the largest bulk cargo load handled by the port since its establishment. Arriving from Singapore, the bulk carrier measures 289 metres in length and 45 metres in width, with a draught of…

APPO to launch African training platform by year-end as Egypt proposes June ministerial summit

May 11, 2026

The African Petroleum Producers’ Organisation (APPO) will launch a continent-wide training platform by the end of the year, its secretary-general announced during talks where Egypt proposed hosting an APPO ministerial session on the sidelines of the African Union’s mid-year coordination summit in New Alamein next June. The proposed June session…

Egypt targets 70% wheat self-sufficiency by 2030 as EU-backed project aims to curb crop losses

May 11, 2026

Egypt aims to boost its wheat self-sufficiency to 70% by 2030 as domestic production nears 10 million tonnes this season, bolstered by an EU-backed mechanisation initiative targeting 400,000 farmers to heavily reduce harvest losses, Agriculture and Land Reclamation Minister Alaa Farouk announced. Speaking at a mechanised harvest event in the…

Egypt targets 5.4% economic growth, EGP 3.7trn investments in FY 2026/27 plan

May 11, 2026

Egypt is targeting an economic growth rate of between 5.2% and 5.4% and total investments of EGP 3.7trn for the fiscal year (FY) 2026/27, with private investments accounting for the majority of the planned expenditure, the Minister of Planning and Economic Development said. Presenting the FY 2026/27 economic and social…

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