News – Page 93 – Al Khaber for Accounting And Auditing Services

Sheraton Soma Bay Resort on Egypt’s Red Sea Unveils Two Reimagined Presidential Suites at EUR 2,000 per Night, Available by Appointment Only

March 12, 2026

Soma Bay, Red Sea, Egypt – 2026 – Sheraton Soma Bay Resort, part of Marriott Bonvoy’s global portfolio, announces the unveiling of its two newly reimagined Presidential Suites, offering a refined residential-style experience defined by space, privacy and intuitive service. Designed for guests seeking an elevated level of exclusivity, the…

Edita Food Industries Reports Strong FY2025 Results as Net Profit Jumps 72.6%

March 12, 2026

Edita Food Industries reported a strong financial performance for the fiscal year ending 31 December 2025, with revenues reaching EGP 20.9 billion, marking a 29.5% year-on-year increase, while net profit surged 72.6% to EGP 2.4 billion, supported by strong demand and improved margins. The Egyptian snack-food producer delivered an especially…

Agriculture, Planning ministers discuss progress rate of joint agricultural development projects

March 12, 2026

Minister of Agriculture and Land Reclamation Alaa Farouk held talks with Minister of Planning and Economic Development Ahmed Rostom to review the workflow of joint development projects financed locally and in partnership with international development partners. During the meeting, the two ministers reviewed performance reports on ongoing projects, stressing the…

CI Capital, TMG launch EGP 8bn real estate investment fund targeting Madinaty

March 11, 2026

CI Capital Holding, through its subsidiary CI Capital PE for Fund Management and Investment (CIPE), has partnered with Talaat Moustafa Group (TMG) to launch a new real estate investment fund under the name Awaed Real Estate Fund, with a target size of EGP 8bn. The fund will focus on investing…

Egypt’s Chambers of Commerce hold emergency meeting to assess impact of regional crisis

March 11, 2026

The Federation of Egyptian Chambers of Commerce (FEDCOC) held an emergency meeting of its High Committee for Crisis Operations to assess the potential economic repercussions of escalating geopolitical tensions linked to the military confrontation between the United States and Iran. According to Ahmed El Wakil, president of the federation, the…

Egypt’s petroleum minister reviews nationwide airborne minerals survey

March 11, 2026

Egypt’s Petroleum and Mineral Resources Minister Karim Badawi held a meeting with the board of the Mineral Resources and Mining Industries Authority, chaired by Yasser Ramadan, to review ongoing work plans following the authority’s transformation into an economic body, a move aimed at strengthening the mining sector and gradually increasing…

Egypt’s investment minister meets sugar producers to review market conditions, boost investment

March 11, 2026

Mohamed Farid Saleh, Minister of Investment and Foreign Trade, held a meeting with officials from sugar production companies in Egypt to review current market conditions. The discussions also focused on strengthening the balance between domestic production and consumption and developing balanced mechanisms for import and export through appropriate trade policy…

Egypt’s planning, housing ministers review investment plan through 2030

March 11, 2026

Egypt’s Minister of Planning and Economic Development, Ahmed Rostom, and Minister of Housing, Utilities and Urban Communities, Randa El-Menshawy, held an expanded meeting to review the outlines of the investment plan for fiscal year 2026/2027 and the medium-term investment strategy for 2026-2030. The meeting comes as part of ongoing coordination…

IEA to release record 400 million barrels of oil to counter Middle East war impact

March 11, 2026

The International Energy Agency (IEA) has agreed to release 400 million barrels of emergency oil reserves in its largest collective drawdown on record, as governments move to contain a surge in energy prices fuelled by war in the Middle East. IEA Executive Director Fatih Birol stated on Wednesday that the…

Egypt aims to boost oil, gas output with horizontal drilling, fracking

March 11, 2026

Egypt is seeking to increase oil and natural gas production by expanding the use of horizontal drilling and hydraulic fracturing technologies, the presidency said after a meeting chaired by President Abdel Fattah Al-Sisi. Al-Sisi discussed the plans with Prime Minister Mostafa Madbouly and Petroleum Minister Karim Badawi, according to presidential…

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