News – Page 36 – Al Khaber for Accounting And Auditing Services

FRA vows strict enforcement of customer data verification rules in non-banking finance

August 26, 2026

Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), stressed that the Authority will show no leniency towards violations of its regulatory rules governing the verification of customer data across all non-banking financial activities, particularly FRA Board Decision No. 186 of 2024 and its amendments, most recently Decision No. 133…

PM follows up with CBE governor on joint coordination efforts in several economic files

August 25, 2026

Prime Minister Mostafa Madbouly affirmed full coordination between the government and the Central Bank of Egypt (CBE) as part of preparations for the National Economic Transformation Program, based on an integrated vision reflecting the state’s economic priorities for the coming period. This is being carried out in implementation of President…

MSMEDA partners with Startup Egypt to expand financing and technical support for startups

August 24, 2026

The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has signed a memorandum of understanding with Startup Egypt to support the entrepreneurship ecosystem and provide an integrated package of technical, financial, and institutional services to entrepreneurs and startups, MSMEDA CEO Mostafa Hassan announced. The agreement forms part of state…

Egyptian Agriculture Minister discusses localising pesticide production, technology transfer with China’s ICAMA

August 24, 2026

Egyptian Aladdin Farouk, Minister of Agriculture and Land Reclamation, received a high-level delegation from China’s Institute for the Control of Agrochemicals (ICAMA), the government authority responsible for the regulation, registration and oversight of pesticides in China. The delegation was headed by Huang Xiujie, Director of ICAMA, and included Yang Mao,…

Egypt’s FRA pursues criminal charges and suspends consumer finance firm over data breach

August 24, 2026

The Financial Regulatory Authority (FRA) has initiated criminal proceedings, revoked a chief executive’s licence, and imposed a one-month ban on new contracts for a consumer finance company found to have exploited parents’ data to issue unauthorised loans for an international school. The sweeping decisions, approved by Authority Chairperson Islam…

Egypt’s supply ministry and World Food Programme launch joint plan to develop market efficiency index

August 24, 2026

The Ministry of Supply and Internal Trade and the World Food Programme (WFP) have agreed to a joint action plan running until July 2027 to develop a comprehensive market efficiency index and shift state market monitoring from basic observation to proactive data analysis. Minister of Supply and Internal Trade…

South Sinai receives 826 solar-powered streetlights under Chinese grant

August 24, 2026

Egypt’s Ministry of Local Development and Environment has delivered 826 solar-powered streetlights to South Sinai as part of efforts to expand clean energy use and support the transition towards greener and more sustainable cities. Local Development and Environment Minister Manal Awad said the streetlights, each rated at 40 watts…

Egypt showcases water scarcity experience at UN desertification conference in Mongolia

August 24, 2026

Egypt is showcasing its experience in addressing water scarcity and climate adaptation at the high-level segment of the 17th Conference of the Parties to the United Nations Convention to Combat Desertification (UNCCD COP17) in Ulaanbaatar, Mongolia. Water Resources and Irrigation Minister Hani Sewilam participated in the opening of the…

Private sector secures 60% of investments as economic risk falls, Egypt finance minister tells premier

August 24, 2026

The private sector currently accounts for nearly 60% of total investments in Egypt as improving economic indicators drive international risk assessments to their lowest levels since 2014, Finance Minister Ahmed Kouchouk said on Monday. Briefing Prime Minister Mostafa Madbouly on the ministry’s portfolio, Kouchouk noted that recent state-led economic…

First phase of Egypt’s Decent Life scheme delivers upgrades to 907 villages as government preps second stage

August 24, 2026

Prime Minister Mostafa Madbouly announced the completion of 23,741 infrastructure projects during the first phase of the “Decent Life” presidential initiative, a massive national scheme aimed at developing rural villages. During a meeting at the government headquarters in New Alamein City on Monday, Madbouly reviewed the executive steps for…

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Category: News