News – Page 17 – Al Khaber for Accounting And Auditing Services

Banks, mortgage finance companies provide EGP 111.131bn under housing initiative as of July 2026

September 19, 2026

Banks and mortgage finance companies participating in the mortgage finance initiative for low- and middle-income customers provided EGP 111.131bn in financing to around 723,604 customers as of July 2026, according to a report issued by the Social Housing and Mortgage Finance Fund. The report showed that the 23 banks participating…

CBE explains drivers behind inflation slowdown in August 2026

September 19, 2026

Egypt’s annual urban headline inflation slowed to 14.5% in August 2026, down from 14.9% in July 2026, according to the Central Bank of Egypt (CBE). The decline was mainly attributed to a softening in annual food inflation, which eased to 6.3% in August 2026 from 8% in July. Meanwhile, annual…

Al-Sisi orders expansion of data centres, 5G as Egypt targets $12bn in outsourcing exports by 2029

September 19, 2026

Egypt’s President Abdel Fattah Al-Sisi has ordered an expansion of large-scale data centres and 5G networks, alongside increased investment in cloud computing and artificial intelligence, as Egypt targets $8bn in digital exports by 2028 and $12bn in digital outsourcing exports by 2029. Al-Sisi issued the directives during a meeting with…

FM: Alamein Africa Forum unites African business, financial institutions

September 19, 2026

Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty said the Alamein Africa Forum will serve as a pan-African platform bringing together the private sector, investment and financial institutions, and representatives of various productive and service sectors, to strengthen direct links between companies and markets and promote cross-border…

GAFI: 3,366 Chinese firms operating in Egypt across multiple sectors

September 17, 2026

The number of Chinese investing companies in Egypt has jumped to 3,366 firms, operating across multiple sectors, including textiles, ready-made garments, solar panels, chemical industries, automotive manufacturing, and logistics services, according to the General Authority for Investment and Free Zones (GAFI). Speaking during her participation in the Investment Promotion Forum…

Egypt, Sudan discuss joint agricultural projects on Sudanese land

September 16, 2026

Egypt and Sudan discussed developing joint agricultural projects on Sudanese land and cooperating on the production and supply of strategic crops as the two countries seek to strengthen food security and deepen agricultural integration. The talks brought together Egyptian Minister of Water Resources and Irrigation Hani Sewilam, Sudanese Minister of…

Journey of May El Nahrawy: From pharma sales representative to nation brand builder

September 16, 2026

May El Nahrawy is Founder and Chairperson of The Marketing House, a former Board Member of the Egyptian Junior Business Association, and former Advisor for Marketing at the Alexandria Governorate. She specialises in nation branding, healthcare events, and export marketing. In Egypt, where history meets ambition, El Nahrawy has built…

Egypt, Intel partner to train 1 million citizens annually in AI

September 16, 2026

Raafat Hindi, Minister of Communications and Information Technology, witnessed the signing of a memorandum of understanding (MoU) between the Ministry of Communications and Information Technology and Intel, a global leader in computing and artificial intelligence technologies, to cooperate on implementing programmes to raise awareness and build AI capabilities among citizens.…

Madbouly reviews restructuring targets for state-owned holding companies

September 16, 2026

Prime Minister Mostafa Madbouly held a meeting at the government headquarters in the New Capital on Tuesday evening to review the targets of the state-owned holding companies restructuring programme, as part of efforts to improve the management of state assets and maximise their economic returns. The discussions focused on mechanisms…

Egypt, China’s CEC explore energy, advanced technology cooperation

September 16, 2026

Egypt’s Minister of State for Military Production Salah Gomblat discussed potential avenues for cooperation with China’s CEC, a leading Chinese company, particularly in the fields of energy and advanced technologies, as part of efforts to translate the strong political alignment between Egypt and China into practical cooperation and joint projects.…

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