Top 10 Must-Read Stories for This Weekend

Updated 11/7/2025 9:00:00 AM

Arab Finance: From Prime Minister Mostafa Madbouly witnessing the signing of an agreement between Qatari Diar and the New Urban Communities Authority (NUCA) for the Alam Al-Roum project in Matrouh, to the Central Bank of Egypt unveiling forecasts for 2025 and 2026 annual headline inflation rates, the first week of November has seen a series of key economic developments.

Below are the highlights of the top news stories posted between November 2nd and 6th:

1-Egypt, Qatari Diar sign $29.7B development agreement for Alam Al-Roum project

Prime Minister Mostafa Madbouly witnessed the signing agreement between Qatari Diar and the New Urban Communities Authority (NUCA) for the Alam Al-Roum project in Matrouh.

2-CBE expects Egypt’s annual inflation to average 10.5% in 2026

Egypt’s annual headline inflation is expected to average 14% and 10.5% in 2025 and 2026, respectively.

3-Egypt, Lebanon sign 15 MoUs in various sectors

Prime Minister Mostafa Madbouly and his Lebanese counterpart Nawaf Salam witnessed the signing of several memoranda of understanding (MoUs), concluding the 10th session of the Egyptian-Lebanese Joint Higher Committee.

4-Madbouly approves new FRA auditing standards to take effect in 2027

Prime Minister Mostafa Madbouly approved implementing the new Egyptian standards, proposed by the Financial Regulatory Authority (FRA), for auditing and financial review and regulating oversight of non-banking financial markets and instruments.

5-Egypt, Türkiye step up efforts toward $15B trade target

Egypt and Türkiye agreed on intensifying efforts to achieve their target of increasing the volume of trade exchange from approximately $9 billion in 2024 to $15 billion over the coming years.

6-Suez Canal traffic sees return of 229 vessels in October

The Suez Canal traffic statistics for October recorded the return of 229 vessels, marking the highest monthly rate of returning vessels since the beginning of the Red Sea crisis.

7-Petroleum Ministry launches bid round for new exploration in 4 blocks across Red Sea

The Ministry of Petroleum and Mineral Resources has launched a new international bid round for new exploration opportunities in four blocks across the Red Sea.

8-Cabinet greenlights Feerum Egypt’s establishment to localize grain silos production

The Cabinet has approved establishing “Feerum Egypt”, a joint-stock company formed by Egypt’s Samcrete and Poland’s Feerum, to localize the production of grain silos.

9-Arcius Energy expands investment in Egypt via Harmattan gas field

The Egyptian Natural Gas Holding Company (EGAS), Arcius Energy, Shell, and bp signed an agreement for the acquisition of the Harmattan field in the Mediterranean Sea.

10-EETC, Infinity-Hassan Allam consortium signs complementary deals for 1.2 GW solar projects

The Egyptian Electricity Transmission Company (EETC) and the Infinity-Hassan Allam consortium signed the complementary agreements to establish two solar power projects and two interconnected battery storage plants with a total capacity of 1,200 megawatts and 720 megawatt-hour of battery storage capacity