News – Page 38 – Al Khaber for Accounting And Auditing Services

Egypt to secure all raw material financing as production will not stop, says PM Madbouly

March 15, 2026

Egyptian Prime Minister Mostafa Madbouly said on Sunday that the state is securing all necessary financing to provide raw materials and production requirements, asserting that the “wheel of national production will not stop” despite current regional military escalations. The Prime Minister stated during a meeting with the heads of industrial…

Egypt PM Madbouly orders flexible fuel supply scenarios to counter regional developments

March 15, 2026

Egypt is coordinating with its banking sector to provide the necessary US dollar component to secure petroleum imports and pay dues to foreign partners on schedule, Prime Minister Mostafa Madbouly said on Sunday. During a meeting with Finance Minister Ahmed Kouchouk and Petroleum Minister Karim Badawi, Madbouly stated that the…

MSMEDA finances EGP 4.1bn worth of projects in Beni Suef through 2025: Rahmy

March 15, 2026

Bassel Rahmy, CEO of Egypt’s Micro, Small and Medium Enterprise Development Agency (MSMEDA), said the agency has provided EGP 4.1bn in financing to 190,800 projects in Beni Suef governorate between July 2014 and December 2025, helping generate around 303,700 job opportunities. Rahmy added that EGP 132.3m of the total financing…

Beltone advises on Mauritania’s first gas-to-power project

March 15, 2026

Beltone Holding is participating in the financing and structuring of Mauritania’s first gas-to-power development, following a Joint Development Agreement signed by Go Gas Holding and Madkour Holding to advance the Banda and Tevet gas fields. Under the mandate, Beltone’s investment banking arm will serve as exclusive financial advisor to Go…

Gold in Egypt jumps EGP 200 despite global drop

March 15, 2026

Gold prices in Egypt rose during the past week despite a decline in global markets, supported by currency pressures and local pricing dynamics, according to a report by iSagha. Local gold prices increased by around 2.8%, with the price of 21-karat gold — the main benchmark in the Egyptian market…

Sherif El-Beheiry appointed CEO of National Bank of Egypt’s UAE operations

March 15, 2026

Sherif El-Beheiry has been appointed Chief Executive Officer of National Bank of Egypt’s operations in the United Arab Emirates, the bank announced, marking his official joining of the institution. El-Beheiry brings extensive banking and professional experience to the role. Most recently, he served as Managing Director and Chief Executive Officer…

Zinox El Zenouki to launch EGP 350m stainless-steel tableware factory

March 15, 2026

Zinox El Zenouki, part of the El Zenouki Group, is set to establish a new stainless-steel tableware factory with an investment of EGP 350m. The facility, to be built on a 10,000-square-meter site, will have an annual production capacity of 5 million pieces, including spoons, forks, knives, and serving sets.…

Housing Minister urges timely completion of Decent Life phase one projects

March 15, 2026

Egypt’s Minister of Housing Randa El-Menshawy held an extensive meeting to review the progress of phase one projects under the presidential initiative Decent Life, aimed at developing rural areas across Egypt. El-Menshawy emphasised that completing Phase One projects is a top priority for the ministry, in line with directives from…

Finance Minister grants exceptional customs facilities for transit shipments at ports

March 15, 2026

Egypt’s Minister of Finance Ahmed Kouchouk has announced that exceptional customs facilities have been introduced for transit shipments at Egyptian ports, allowing procedures to be completed without requiring pre-registration under the Advance Cargo Information (ACI) system. Kouchouk said the decision aims to facilitate the movement of goods through Egyptian ports…

Govt reviews targeted investments under 2026/2027 economic, social development plan

March 15, 2026

CAIRO, March 12 (MENA) – Prime Minister Mostafa Madbouly said the State attaches great importance to economic and social development projects, foremost among them the presidential initiative “Hayah Karima” (Decent Life) projects as well as health and educational projects as government investment plans aim to achieve comprehensive development in these…