News – Page 40 – Al Khaber for Accounting And Auditing Services

Egypt’s gold prices jump nearly 5% in single week on global rally, FX volatility

April 5, 2026

Gold prices in Egypt posted a sharp increase over the past week, supported by rising global prices and continued fluctuations in the exchange rate of the U.S. dollar against the Egyptian pound. The price of 21-karat gold, the most actively traded in the local market, rose by 4.74% to EGP…

East Port Said receives largest-ever dry bulk vessel at Egyptian port

April 5, 2026

The Suez Canal Economic Zone (SCZONE) has announced the arrival of the vessel MV PAROSHIP at East Port Said Port, marking the largest dry bulk carrier ever to berth at an Egyptian port. The ship arrived on Sunday from Mauritania and docked at the Sky Ports multipurpose terminal, underscoring the…

Egypt steps up efforts to build business trust through tax reforms: Finance Minister

April 5, 2026

Minister of Finance Ahmed Kouchouk said the government is intensifying efforts to build trust with the business community through tangible facilitation measures, as part of a broader push to modernise Egypt’s tax system and expand the tax base. He noted that meaningful progress is being made in transforming the tax…

Egypt’s banking sector NFA falls to $27.4bn in February: CBE

April 5, 2026

The Central Bank of Egypt (CBE) said net foreign assets (NFA) of the banking sector declined by around 7.1% in February 2026 to $27.39bn, down from $29.51bn in January, reflecting pressures linked to commercial banks financing a partial exit of foreign investors from local debt instruments amid the fallout from…

Moroccan Prime Minister arrives in Cairo for first session of joint coordination committee

April 5, 2026

Egypt and Morocco on Sunday launched the first session of a joint coordination and follow-up committee, a move officials said establishes a new stage of bilateral relations aimed at achieving full economic integration. Moroccan Prime Minister Aziz Akhannouch arrived at Cairo International Airport on Sunday evening, where he was received…

Egypt Education Platform Unites Its Community at the 6th Edition of EEP Run to Champion Student Safety and Well-Being

April 5, 2026

Egypt Education Platform (EEP) successfully hosted the 6th edition of EEP Run, bringing together participants from across its network of over 12 schools and preschools. Held at District 5, the event continues to grow year after year, reflecting its expanding scale and community impact. Each year, EEP Run is driven…

Finance min. urges strengthening direct online communication with taxpayers

April 5, 2026

Finance Minister Ahmed Kouchouk called for strengthening direct online communication with taxpayers through chatbot, call centers and customer service platforms to ensure rapid responses and provide immediate support for them. Kouchouk made the remarks on Sunday, April 5, 2026, during a field tour of the first premium tax services center…

IDA launches 414 ready-to-operate industrial units across 11 governorates

April 4, 2026

Industrial Development Authority (IDA) has announced the launch of 414 fully equipped industrial units for immediate delivery across 12 industrial complexes in 11 governorates, as part of the Ministry of Industry’s strategy to localise manufacturing and strengthen domestic supply chains. The offering will be available for online application via the…

Military Production Minister explores defence industry cooperation with Junghans, Thales Egypt

April 4, 2026

Salah Gamblat, Minister of State for Military Production, held talks with Luc Mestrallet, Chairperson of Junghans, and Sherif Barakat, CEO of Thales Egypt, to discuss prospects for joint cooperation in the defence industries sector. The meeting explored opportunities for joint manufacturing with Junghans by leveraging the technological, manufacturing and technical…

Finance Minister prioritises development financing, curbs commercial borrowing

April 4, 2026

Finance Minister Ahmed Kouchouk said the government is working to reduce budget sector debt and the overall deficit, while maintaining a primary surplus to lower debt servicing costs and create greater fiscal space for spending on human development and social protection. He added that efforts are underway to diversify financing…

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Category: News