News – Page 35 – Al Khaber for Accounting And Auditing Services

Property tax exemption for primary residences raised to LE 8 million: Finance Minister

March 20, 2026

Minister of Finance Ahmed Kouchouk has announced a suite of unprecedented tax facilities and incentives designed to alleviate financial pressures on Egyptian citizens. Central to the new measures is the decision to raise the property tax exemption threshold for primary residences to LE 8 million, ensuring that the majority of middle-income…

Egypt targets 100 new Mediterranean gas wells in historic exploration initiative

March 19, 2026

The Egyptian Ministry of Petroleum and Mineral Resources has announced the commencement of an extensive exploratory drilling campaign in the Mediterranean by Arkhouse Energy, the strategic joint venture between the UAE’s ADNOC and the UK’s BP. In a clear sign of operational readiness, the world-class drillship “Valaris DS-12” has departed…

Oil and Gas Prices Surge After Attack on Qatar LNG Facility

March 19, 2026

Global energy markets were jolted on Wednesday after Iran carried out an attack on a major liquefied natural gas (LNG) facility in Qatar, triggering sharp increases in both oil and European natural gas prices and intensifying fears of prolonged supply disruptions. Brent crude rose 3.8% to settle at $107.38 per…

Sandbox Festival 2026 Announces A Spectacular Multi-Stage Line-Up Across Three Days in El Gouna Red Sea

March 18, 2026

El Gouna – 18th March 2026: Sandbox Festival, the leading international electronic music festival from Egypt, returns for its 12th year to El Gouna Red Sea, from May 7–9, 2026, once again unveiling a multi-stage celebration of electronic music. Set amongst the pristine beaches of the luxurious coastal town of…

Inside TMG’s Most Ambitious Bet Yet: The Spine Is Coming to Madinaty in Egypt

March 18, 2026

East Cairo has become one of the most consequential stretches of land in Egypt’s modern history. Over the past three decades, what was once desert fringe has quietly transformed into the country’s most ambitious urban frontier, home to new cities, new roads, a new capital, and increasingly, a new way…

Agriculture min. witnesses inking of MoU to boost innovation in farming sector

March 18, 2026

Minister of Agriculture and Land Reclamation Alaa Farouk witnessed, Tuesday, March 17, the signing of a memorandum of understanding to promote agricultural innovation and translate research into scalable solutions. The MoU was inked between the Agricultural Research Center and the Alliance of Bioversity International and the International Center for Tropical…

CBE announces extended bank holiday for Eid al-Fitr 2026

March 18, 2026

The Central Bank of Egypt (CBE) and the Egyptian Cabinet have officially declared a five-day paid holiday in observance of Eid al-Fitr 2026. According to an official statement released by the Central Bank of Egypt, the banking sector will observe the holiday starting Thursday, March 19, 2026, through Tuesday, March…

Egypt Eyes Lab-Grown Diamonds for Engagement Rings

March 17, 2026

A diamond purchase in Egypt is rarely just a purchase. It is an engagement milestone, a family keepsake in the making, and, for many households, one of the biggest lifestyle splurges of the year. As a result, lab-grown diamonds are prompting a more practical question as they appear more often…

120,000 taxpayers voluntarily join simplified tax system: Finance Minister

March 17, 2026

Egypt’s Minister of Finance Ahmed Kouchouk said that the Egyptian government is maintaining direct communication with investors to tackle tax, customs, and financial challenges through practical, actionable solutions. Speaking at the annual conference of the Federation of Small and Medium Enterprises Investors, which brought together entrepreneurs from across the governorates,…

M squared awards EGP 1bn construction contract to REDCON for Masyaf Ras El Hekma

March 17, 2026

Egyptian real estate developer M squared has awarded a construction contract worth EGP 1bn to REDCON Construction to execute and complete 59 residential buildings at its Masyaf Ras El Hekma project on the North Coast. The 18-month contract covers the delivery of 376 residential units, including lagoon townhouses, twin houses,…

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