15 / 7 / 2025 TUE

Bloomberg

The Egyptian government paid $1 billion in overdue dues to foreign oil companies during the first week of July.

✓ The paid amount brings Egypt’s total overdue payments to foreign oil companies operating in the oil and gas exploration and extraction sector to $8.5 billion since last June 2024.

✓ The total remaining financial dues to foreign companies operating in the petroleum sector, after the latest payment, amount to approximately $2.5 billion.

6 / 7 / 2025 Sun

Purchasing Managers’ Index

The Standard & Poor’s Egypt Purchasing Managers’ Index (PMI) lost some of its gains from May, falling from 49.5 to 48.8 in June.

30 / 6 / 2025 mon

Ministry of Planning

Egypt’s GDP growth increased by 4.77% during the third quarter of the current fiscal year (2024/2025), the highest annual growth rate in three years, compared to 2.2% in the corresponding quarter of the previous fiscal year, according to the Ministry of Planning.

✓ The growth was due to the dampening impact of the non-petroleum sector, tourism, and communications and information technology, compared to some sectors so far in the red, including the Suez Canal and the extraction sector.

✓ The GDP grew by 4.2% during the first nine months of the current fiscal year (2024/2025), compared to 2.4% during the same period of the previous fiscal year.

17 / 6 / 2025 TUE

🔴Moroccan Wafa Assurance targets acquisition of Delta Insurance with support from the Egyptian Kuwaiti Holding Company
♦Moroccan Wafa Assurance has submitted an official offer to acquire 51% of the shares of the Egyptian Delta Insurance Company at a price of EGP 40 per share, for a total value of approximately EGP 5 billion.
♦Egyptian Kuwaiti Holding Company—the current majority shareholder in Delta with a 63.39% stake—intends to sell its entire stake to Wafa Assurance. This deal aims to enable the Moroccan company, a subsidiary of Attijariwafa Bank Group and the Mada Fund, to expand its presence in the rapidly growing Egyptian insurance market.

15 / 6 / 2025 SUN

Prime Minister

✓ The opening of the Grand Egyptian Museum has been postponed to the last quarter of this year, in light of the escalating events in the region, which are expected to continue for the coming weeks.

✓ The museum was scheduled to open on July 3.

Prime Minister

✓ The entry into service of the second and third gasification vessels by the first week of July will secure Egypt’s gas needs and protect us from problems if supplies from the networks of neighboring countries are interrupted.

✓ Over the next two weeks, before the two vessels enter service, we will increase the quantities of diesel allocated to power plants.

4 / 6 / 2025 WED

The Financial Regulatory Authority

☑ Three entities operating online platforms whose business models are based on selling real estate shares to citizens through online platforms have submitted applications to the Financial Regulatory Authority to regularize their status and initiate procedures to establish two companies, each one a real estate investment fund company and another company to conduct promotion, underwriting, and fund management activities.

☑ The list of platforms that have submitted applications to the Authority includes Nawy and SAFE, affiliated with Madinat Misr for Housing and Development, as well as Saqr, owner of Farida, according to a statement issued by the Financial Regulatory Authority.

1 / 6 / 2025 SUN

Head of the Pharmaceutical Industries Chamber at the Federation of Egyptian Industries

✓ Egyptian pharmaceutical companies plan to invest approximately $4 billion this year to add 20 new production lines, as part of government efforts to reduce reliance on imports.

✓ The increase will bring the total number of production lines operating in the country to 810, supporting the government’s plan to boost local production and “replace $3 billion in pharmaceutical imports annually.”

22 / 5 / 2025 THU

Bloomberg

Abu Qir Fertilizers and Mobco said in a statement that they were informed of a reduction in the quantities of natural gas supplied to their plants for two weeks, which will result in a production cut of approximately 30%.

✓ This comes after Israel informed Egypt that it will conduct regular maintenance during May for 15 days, which will reduce the quantity of gas exported from the agreed-upon target during the summer months.