17 / 9 / 2025 WED
Economic News Summary for Wednesday, September 17, 2025
🟢 The Prime Minister reveals an expected increase in gasoline prices next October, indicating that it may be the last, given the continuation of partial subsidies for diesel.
🟢 Madbouly: Egypt is on the right track and will not require a new program with the IMF. The government needs five years to ensure sustainable economic growth.
🟢 The Minister of Finance affirms Egypt’s confidence in passing the fifth and sixth reviews with the International Monetary Fund, paving the way for the disbursement of $2.5 billion.
🟢 To confront the European mechanism, the Ministry of Finance amends its tax policy document to include the implementation of a carbon tax affecting 20% of exports.
🟢 An Egyptian-Saudi alliance, including Sumou Holding and Hassan Allam, is considering investing $1 billion in a major real estate project in downtown Cairo.
🟢 The Ministry of Finance is preparing new packages of tax and trade facilitations and calling for the establishment of a permanent institutional framework to address the challenges facing the real estate development sector.
🟢 The head of the General Authority for Investment calls for the establishment of a regulatory body for the real estate sector to keep pace with unprecedented growth and a 20% increase in the number of companies.
🟢 The Urban Development Fund announces massive real estate partnerships with investments of EGP 30 billion in El Mahalla and is studying offers worth EGP 52 billion in Kafr El Sheikh.
🟢 Competition is underway between 11 Egyptian and Arab investors for four tourism and service investment opportunities in Hurghada and Marsa Alam, with each project costing up to EGP 700 million.
🟢 In partnership with Injazat, CI Capital is preparing to launch a $200 million green infrastructure investment fund targeting Egypt and the Middle East.
🟢 DP World Egypt signs an agreement with Elsewedy Industrial Development to build a cold storage facility in 6th of October City, with investments of $29 million.
🟢 The Ministry of Transport is negotiating with 30 American companies to explore investment opportunities in dry ports, logistics zones, and managing a line of the high-speed train network.
🟢 CBT Group is investing EGP 300 million to establish a new power generation plant in Suez, aiming to achieve 100% local content.
🟢 The Egyptian company ECARU is competing to establish two solid waste recycling plants in the UAE and Morocco, with investments approaching $65 million.
🟢 The Arab African International Bank is issuing EGP 2.59 billion in securitized bonds for Olin Consumer and Real Estate Finance.
🟢 The price of gold soars to a new record high, approaching $4,000 per ounce, supported by the decline of the dollar ahead of the Federal Reserve meeting.
🟢 The government is preparing to launch an initiative to support struggling factories, injecting EGP 3 billion to establish a new production line for electric buses for export to Europe.
🟢 The Russian Deputy Prime Minister affirms his country’s strong interest in the Russian Industrial Zone project within the Suez Canal Economic Zone.
🟢 In a surprising development, businessman Ahmed Ezz withdraws from the race for the Chamber of Metallurgical Industries elections, a move that has upset the balance within one of the most important industrial chambers.
🟢 The Real Estate Tax Authority calls on owners of residential units in Rehab and Madinaty to promptly pay taxes, warning of administrative seizure and fines.
🟢 Mountain View launches its massive “Crysta” project on the North Coast, spanning an area exceeding 470 acres. The first phase is scheduled for delivery within two years.
🟢 International Construction and Real Estate Development is injecting new investments exceeding EGP 800 million into the New Fustat City project.
🟢 In a significant step to boost the mining sector, Saudi Arabia is offering 162 new mining sites for competition in the Medina region as part of Vision 2030.
🟢 As part of its 2040 strategy, Kuwait is pursuing an ambitious program to drill 15 offshore exploratory wells with the aim of increasing its oil and gas production.
🟢 To enhance production efficiency, the Libyan Arabian Gulf Oil Company is discussing with an American company the implementation of a water treatment project in the Mesla and Nafoura fields.
🟢 The International Energy Agency warns: The world needs to spend $540 billion annually on oil and gas exploration to maintain production until 2050.
15 / 9 / 2025 MONDAY
Economic News Summary for Monday, September 15, 2025
🟢 In an ambitious plan, Egypt targets future partnership projects with the private sector with investments amounting to EGP 30 billion through a new financing mechanism.
🟢 To accelerate the pace of development, the Ministry of Finance launches a new mechanism in cooperation with the European Bank, shortening the contracting period for projects from 15 months to just 8 weeks.
🟢 In an indication of improved liquidity, Egypt has released goods worth more than $60 billion since the beginning of the year, with the number of held goods falling to its lowest level.
🟢 The Minister of Investment announces a major achievement in reducing customs clearance time from 16 to 5.8 days, saving the economy approximately $1.2 billion.
🟢 The Minister of Planning: Egypt has become a regional platform for international partnerships thanks to government policies that support the empowerment of the private sector and enhance economic growth.
🟢 Egypt offers US companies massive investments in the port of Alexandria to build and operate a new container terminal, in addition to logistics projects and high-speed railways.
🟢 In a move to boost trade, Egypt plans to launch a high-speed “Ro-Ro” shipping line with Germany in early 2026 to facilitate cargo transportation and reduce shipping time and costs.
🟢 The Egyptian General Petroleum Corporation (EGPC) signs three new petroleum agreements worth $121 million to explore for oil and gas in Sinai and the Western Desert.
🟢 Egypt aims to recover 13 million barrels of crude oil and condensate reserves through the development of old oil concession fields during the last quarter of this year.
🟢 The Egyptian Petroleum Corporation (EPC) has made 49 new oil and gas discoveries and is implementing a plan to drill 71 exploratory wells, ensuring full domestic consumption of petroleum products.
🟢 In an energy transformation achievement, the Egyptian General Petroleum Corporation (EGPC) is implementing 18 renewable energy and emission reduction projects with an annual return of $58 million and a reduction of 270,000 tons of carbon emissions.
🟢 Energean Energy estimates that there are 3 trillion cubic feet of gas under current exploration platforms in Egypt, with plans to connect Israel’s Katalan field to Egypt via the future Nitzana pipeline.
🟢 T&C, a ready-made garment company, is investing EGP 1.8 billion to increase its production capacity by 261%, targeting exports worth $200 million by 2026.
🟢 CI Capital Asset Management signed an agreement with Saudi Arabia Investments to manage an $800 million portfolio targeting public, private, and venture capital markets.
🟢 Italian company Inci Flex-Egypt plans to invest EGP 3.35 billion in new factories in Egypt and Saudi Arabia to strengthen its regional presence.
🟢 Ariston International Group inaugurated two new water heater production lines in Egypt with investments exceeding $20 million, aiming to increase its investments to capture a significant share of the local market.
🟢 Egypt aims to add more than 300,000 acres to its agricultural area by the end of the current fiscal year, prioritizing strategic crops.
🟢 The Minister of Agriculture pledges to resolve the shortage of subsidized fertilizers for the summer season and promises farmers that they will complete their quotas.
🟢 El Sewedy National is preparing to supply 1,000 pivot irrigation systems to Algeria as part of a massive agricultural project and is looking to open new markets in Africa.
🟢 The Chinese Sungro Group offered President Sisi cooperation in localizing the energy storage battery industry in Egypt through a new factory with an annual capacity of 10 gigawatts.
🟢 EFG Hermes is providing advisory services to Saudi Arabia’s Vision Invest in its $700 million strategic investment in the Arise platform.
🟢 The Export Development Bank of Egypt appoints Mohamed Shawky as Deputy CEO, strengthening its banking expertise.
🟢 The UAE’s Emaar Properties is considering acquiring companies in the US, India, China, and Europe, buoyed by a 34% increase in profits in the first half of the year.
🟢 Kuwait invites local companies to compete for projects to build three major residential cities, in a move to activate the real estate development law and open the housing sector to the private sector.
🟢 Iraq signs a joint operating agreement with TotalEnergies and QatarEnergy as part of the Integrated Gas Development Project, to boost foreign investment.
🟢 Ukraine receives a US delegation to identify new investment projects in the mining sector, as part of the agreement signed between Kyiv and Washington.
9 / 9 / 2025 TUE
Orascom Investment Holding (OIH) issued a clarification statement in response to statements made by businessman Naguib Sawiris, the company’s chairman, regarding his vision for integrating companies under his management under the umbrella of Orascom Investment Holding. In a disclosure to the stock exchange, the company stated that these statements come within the framework of Sawiris’ vision for the economic feasibility of integrating certain companies and investments, particularly those aligned with OIH’s activities, whether through acquisition or merger, under a single entity, with the aim of creating a competitive economic entity and enhancing share value.
8 / 9 / 2025 MON
The Egyptian government announces its economic vision through 2030, aiming to raise economic growth to 7% without a new program with the IMF.
Foreign reserves rise to $49.2 billion by the end of August.
The government raises the target for private sector contribution to GDP to 82% from 60%.
17 grievances from real estate developers against new North Coast fees. The Egyptian government is considering 17 grievances from major real estate developers regarding the fees recently imposed on North Coast projects, including SODIC, Palm Hills, and Memaar Al Morshedy.
Egyptian Prime Minister Mostafa Madbouly: #Egypt will have a stake in the units of the Marassi #Red_Sea project, in which the Emirati Emaar and the Saudi City Stars are partners.
Emaar Misr and Al Sharbatly Group launch the Marassi Red Sea project with investments amounting to EGP 900 billion on the Red Sea coast.
GB Auto acquires 30.7% of private car sales within 7 months.
Alexandria Container Handling plans to purchase equipment at a cost of EGP 50 million.
1 / 9 / 2025 MON
Economic News Summary for Monday, September 1, 2025
Headlines:
🟢 Egypt plans to inject EGP 5 billion into urgent maintenance of railway lines and rolling stock to ensure safety and prevent accidents.
🟢 Alexandria Petroleum Maintenance Company wins a EGP 3.75 billion, three-year maintenance contract for the Iraqi Zubair field.
🟢 Egypt intends to build a new $400 million pipeline to transport Israeli gas to accommodate additional imported quantities.
🟢 The Ministry of Finance’s sovereign guarantees to government agencies reached 32% of GDP by the end of June, an increase of EGP 94 billion over the previous year.
🟢 Egypt’s ready-made garment exports approach $2 billion in seven months, a 26% increase compared to the same period in 2024.
🟢 The Ministry of Industry offers 1,386 plots of industrial land to investors in 23 governorates through the “Egypt Industrial Digital” platform.
🟢 Majid Al Futtaim is investing EGP 1.9 billion in the Egyptian retail sector this year, targeting 300 new branches by 2030.
🟢 Car sales in Egypt witnessed an 83% jump, reaching 90,100 vehicles during the first seven months of 2025.
🟢 Wages for Egyptian public sector workers increased by 11.6% during 2023-2024, and the value of fixed assets and projects under construction increased.
🟢 The Egyptian Electricity Ministry began testing the first phase of the electricity interconnection project with Saudi Arabia, with implementation rates exceeding 91%.
🟢 The Egyptian Minister of Communications proposes the establishment of an Arab Council of Ministers for Artificial Intelligence to unify efforts and enhance Arab presence.
🟢 Orascom Construction PLC achieves net profits of $89.3 million in the first half of 2025, a growth of 26.3%.
🟢 The net profits of the Egyptian Chemical Industries Company (KIMA) declined by 60.5% during the fiscal year 2024-2025.
🟢 Juhayna is gradually raising its product prices to absorb rising sales costs, despite the “price reduction” initiative.
🟢 Vodacom International appoints Ayman Essam as Chief External Affairs Officer, to lead the group’s portfolios in Africa.
Gulf Economy:
🟢 Americana Restaurants is working to diversify its portfolio by purchasing and sponsoring Middle Eastern brands, after its profits declined due to the boycott campaign.
🟢 Report: Household home ownership in Saudi Arabia reached 65.4% by the end of 2024, exceeding the 2025 target.
Arab and International:
🟢 The Iraqi Prime Minister announces that trade between Iraq and Turkey has exceeded $20 billion, and confirms the continuation of the development road project.
🟢 India and China agree to resume direct flights after a five-year hiatus, to deepen economic cooperation.
26 / 8 / 2025 TUE
● Decisions of the Economic Concentration Notification File Review Committee of the Competition Protection and Prevention of Monopolistic Practices Authority:
☑️ Approval of the acquisition request by Misr Insurance and Misr Life Insurance of 24,083,142 shares, representing 20% of the total shares of B Healthcare Investment Company.
☑️ Approval of the acquisition request by the Commercial International Bank of 30,103,927 shares, representing 25%, and by Al Baraka Bank Egypt of 6,020,785 shares, representing 5% of the total shares of B Healthcare Investment Company.
☑️ Preservation of the acquisition request by Misr Beni Suef Cement Company of up to 31,680,000 shares, representing up to 33% of the shares of Misr Cement Qena Company.
☑️ Approval of the file submitted by the Financial Regulatory Authority regarding the acquisition by Wafa Insurance Company of a percentage ranging from 51% to 100% of the total shares of Delta Insurance Company.
Hapi Newspaper
17 / 8 / 2025 SUN
Economic News Summary for Sunday, August 17, 2025
🟢 The Sovereign Fund of Egypt completes the evaluation of downtown and ministries’ assets in preparation for investment and maximizing their economic returns.
🟢 The unemployment rate in Egypt fell to 6.1% in the second quarter of 2025, recording a significant decline in the number of unemployed.
🟢 The Central Bank of Egypt raises its estimates for external debt repayments in 2026 by approximately $1.9 billion to reach $27.87 billion.
🟢 Natural gas production in Egypt declined by 3% during the second quarter of 2025, recording 4.16 billion cubic feet per day.
🟢 Ezdehar Private Equity allocates $60 million to implement new acquisition deals in the retail, apparel, and healthcare sectors.
🟢 The International Finance Corporation (IFC) lends $50 million to the Suez Canal Bank to support financing small and medium-sized enterprises (SMEs), particularly those owned by women.
🟢 Bonyan Development is taking advantage of lower interest rates to support its plan to acquire new properties and increase its real estate portfolio, which has reached EGP 17.4 billion.
🟢 Rice cultivation areas in Egypt increased to 1.8 million acres during the current season, exceeding the areas allocated by the Ministry of Irrigation.
🟢 Inflation in Saudi Arabia slowed to a five-month low in July, driven by a decline in the pace of residential rent increases.
🟢 The Saudi sovereign wealth fund reduced its holdings in US stocks during the second quarter of the year, continuing to focus on domestic investments.
🟢 Saudi Arabia announced the provision of a free “Human Chat” service by the end of August to enhance digital services and effective communication.
🟢 Property and liability insurance companies in Egypt paid compensations worth EGP 13.93 billion during the first half of 2025, a growth of 43.6%.
🟢 Misr Insurance and Tharwa Insurance won tenders for insurance of assets and vehicles from the Financial Regulatory Authority, totaling EGP 2.61 billion.
🟢 The Ministry of Local Development has identified 1,298 plots of land with an area of 61.2 million m² for the implementation of alternative housing projects for old rents and handed them over to the Ministry of Housing.
🟢 The Coral Bridge submarine cable was launched, directly connecting Egypt and Jordan for the first time in 25 years, strengthening the regional digital infrastructure.
🟢 Egypt’s population has reached 108 million, with a slowdown in population growth due to a decline in the average number of daily births.
🟢 EFG Hermes secures a EGP 2.3 billion credit facility from Qatar National Bank to support its financing and expansion plans.
🟢 Al Ahly Momken is preparing to launch innovative financial services in early 2026, with a focus on investing in digital infrastructure and targeting new segments.
🟢 Telecom Egypt’s net profits jump 61.5% during the first half of this year to EGP 10.5 billion, driven by revenue growth.
🟢 Saudi Arabia’s Public Investment Fund reduces $8 billion in its investments in megaprojects due to budget overruns and construction costs.
🟢 Profits of companies listed on the Qatar Stock Exchange rose 2.3% in the first half of 2025 to QAR 26.67 billion, with banks accounting for 57% of the total.
🟢 The Tunisian economy achieved 3.2% growth in the second quarter of this year, supported by the recovery of the agricultural and services sectors and some industrial activities.
🟢 US President Donald Trump postponed raising tariffs on Chinese goods after progress in his talks with Putin on ending the war in Ukraine.
Egypt imposes dollar fees on foreign projects on the North Coast
Total proceeds from the fees go to the Tahya Misr Fund
Government document: $20 per square meter for projects mostly owned by foreigners
Unified fees for local developers at EGP 1,000 per square meter, with 20% paid in advance and the remainder paid over five years with Central Bank interest
Stop selling new land in the area until pricing is re-evaluated by a specialized committee
Last July, the Authority imposed new fees on real estate and tourism projects on the North Coast that are jointly implemented by more than one entity. Fees ranged from EGP 500 per square meter for land located south of the coastal road, EGP 750 per square meter for land located north of the road, and EGP 1,000 per square meter for land with a beachfront. However, the new document unified the fees.
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.