News – Page 50 – Al Khaber for Accounting And Auditing Services

Egyptian Competition Authority clears three acquisition deals

February 25, 2026

The Egyptian Competition Authority has approved three acquisition transactions, following reviews by its Committee for Reviewing Economic Concentration Filings, as part of its mandate to oversee mergers and ensure compliance with competition law. The committee cleared the acquisition of 100% of the shares of Smiths Detection Group Ltd by CVC…

Egypt accelerates canal digitisation, modern irrigation reform

February 25, 2026

Egypt’s Ministers of Water Resources and Irrigation and Agriculture reviewed joint projects and coordination mechanisms aimed at enhancing water management and boosting agricultural productivity during a meeting of the joint coordination committee between the two ministries. Minister of Water Resources and Irrigation Hani Sewilam reaffirmed his ministry’s commitment to close…

Finance Ministry, IDSC sign protocol to deepen policy support, digital transformation

February 25, 2026

Ahmed Kouchouk, Egypt’s Minister of Finance, announced that the coming phase will witness a diversified and expanded partnership with the Information and Decision Support Center (IDSC), aimed at reinforcing economic and fiscal policymaking, streamlining procedures, enhancing public services, and strengthening engagement with citizens and investors. Kouchouk said the Ministry intends…

Military Production Minister explores waste management cooperation with Oman

February 25, 2026

Salah Suleiman Gomaa, Egypt’s Minister of State for Military Production, held talks with a delegation from Oman’s Ministry of Agriculture, the Oman Investment Authority and Al Barakah Green Oman, alongside representatives of Papyrus Egypt, to explore avenues for joint cooperation across several sectors, foremost among them waste management. Gomaa said…

Petroleum Minister, Capricorn Energy discuss expanding investments in Western Desert

February 25, 2026

Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources, held talks with a high-level delegation from Capricorn Energy to discuss expanding the company’s investments in Egypt and increasing production in its Western Desert concession areas. The delegation included Randy Neely, the company’s Chief Executive Officer; Geoff Probert, Chief Operating Officer;…

Investment Minister, UK Ambassador discuss expanding economic, investment cooperation

February 25, 2026

Mohamed Farid Saleh, Egypt’s Minister of Investment and Foreign Trade, met with Mark Bryson-Richardson, Ambassador of the United Kingdom to Egypt, and his accompanying delegation to explore ways to strengthen economic and investment cooperation between the two countries, as well as a number of priority issues within the framework of…

Industry Minister tours Shaq El-Thoban marble hub to boost exports, industrial integration

February 25, 2026

Khaled Hashem, Egypt’s Minister of Industry, and Ibrahim Saber, Governor of Cairo, conducted an extensive inspection tour of five marble and granite manufacturing plants, in addition to the Mining Industries and Marble Technology Center, in the Shaq El-Thoban Industrial Area, one of the largest marble and granite clusters in the…

Egytrans-Nafith consortium to build EGP 1bn truck management system at Sokhna Port

February 25, 2026

A consortium comprising Egytrans NOSCO and Nafith International will invest more than EGP 1bn to develop and manage a digital truck management system at Sokhna Port, the Suez Canal Economic Zone (SCZONE) said. The project, which has been granted a 25-year usufruct license, involves the construction of advanced parking yards…

Egypt proposes joint business council with Philippines to bolster trade

February 25, 2026

Egypt has proposed creating a joint business council with the Philippines to enhance trade in agriculture, pharmaceuticals, infrastructure, and energy, Foreign Minister Badr Abdelatty said on Wednesday. In a telephone call with his Philippine counterpart, Maria Theresa Lazaro, Abdelatty suggested the council should include private sector representatives to facilitate communication…

Egypt’s Al-Hamra port begins crude storage for third parties in regional hub push

February 25, 2026

The Al-Hamra petroleum port has commenced crude oil storage and trading for third parties as part of a strategy to transform the facility into a regional logistics hub, Egypt’s Petroleum Minister Karim Badawi said on Wednesday. The launch of the new activity follows the approval of an amended budget for…

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