News – Page 23 – Al Khaber for Accounting And Auditing Services

Will the Central Bank raise interest rates at its upcoming meeting?

September 10, 2026

Expectations are growing that central banks globally will move to raise interest rates to hedge against an inflationary wave triggered by rising energy prices. Expert forecasts for the Central Bank of Egypt’s (CBE) upcoming Monetary Policy Committee meeting on September 24 lean heavily toward keeping rates unchanged. The ECB and…

Five Egyptian companies participate in Thessaloniki Fair to boost trade ties with Greece

September 10, 2026

Five Egyptian companies are participating in the 90th Thessaloniki International Fair (TIF), seeking to expand exports, attract investment and strengthen economic partnerships between Egypt and Greece. The Egyptian Commercial Service, through its office in Athens, is supporting Egypt’s participation, with the five companies exhibiting across an area of more than…

Shell Lubricants Egypt partners with TAQA Petroleum to expand retail network

September 10, 2026

Shell Lubricants Egypt has formed a partnership with TAQA Arabia subsidiary TAQA Petroleum to distribute its lubricants and coolants across the latter’s service stations in Egypt. The agreement makes Shell’s product portfolio available to TAQA retail customers, including Shell Helix for passenger cars, Shell Advance for motorcycles, Shell Rimula for…

Egypt secures gas supplies as summer electricity demand exceeds 40,000 MW: Minister

September 10, 2026

Karim Badawi, Minister of Petroleum and Mineral Resources, said proactive planning and continued coordination between the Ministry of Petroleum and Mineral Resources and the Ministry of Electricity and Renewable Energy had enabled Egypt to efficiently manage unprecedented increases in energy demand. The measures ensured the supplies needed to meet record…

Communications minister discusses outsourcing investment opportunities with Egyptian Businessmen’s Association

September 10, 2026

Minister of Communications and Information Technology Raafat Hendy held an extensive meeting with a delegation from the Egyptian Businessmen’s Association, headed by Fathallah Fawzy, the association’s Vice-Chairperson and Chairperson of its Real Estate Development and Contracting Committee. The meeting was attended by Ahmed El-Zaher, CEO of the Information Technology Industry…

29 cases referred for legal action after inspections uncover violations at local authorities

September 10, 2026

Egypt’s Local Development and Environment Ministry said 29 cases were referred to prosecutors or provincial legal departments following inspections of local authorities in August, as part of a campaign targeting administrative shortcomings and violations. Minister Manal Awad said the ministry’s Performance Evaluation, Monitoring and Inspection Division carried out 43 planned…

GAFI discusses Dubai Investments’ plans to expand in Egypt

September 10, 2026

Mohamed Awad, CEO of the General Authority for Investment and Free Zones (GAFI), met with Khalid Jassim Mohammed Bin Kalban, Vice Chairperson and CEO of Dubai Investments, in the presence of Manal Abdel Tawab, Minister Plenipotentiary and Head of the Egyptian Commercial Service office in the UAE, to discuss the…

Planning minister meets Egyptian startups in UAE to address expansion challenges

September 10, 2026

Ahmed Rostom, Minister of Planning and Economic Development, held an extensive meeting with a number of Egyptian startup founders and entrepreneurs in the United Arab Emirates during his participation in the 15th edition of the AIM Investment Summit in the UAE. The meeting was attended by Mohamed Awad, CEO of…

EBRD explores expanded investment in renewable energy, agriculture in Egypt

September 10, 2026

The European Bank for Reconstruction and Development (EBRD) is exploring opportunities to expand investments in renewable energy, electricity grids, fertilisers, agriculture and food processing in Egypt, as Cairo seeks to broaden its financing portfolio with the lender. Foreign Minister Badr Abdelatty met EBRD Vice President Mark Bowman on Wednesday to…

Egypt’s economy records 5.1% growth in 2025/2026

September 10, 2026

Egypt’s economy grew 5.1 percent in the 2025/2026 fiscal year, exceeding forecasts by major international financial institutions, Minister of Planning and Economic Development Ahmed Rostom said on Wednesday September 9,2026. Rostom announced the figure during meetings with executives from major regional and international banks on the sidelines of the AIM…

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Category: News