Arab Finance Interview with Yasser El Halaby, CEO of Compass Capital
The final week of October 2026 brought several major developments across Egypt's economy, led by the government's target to raise the minimum wage from EGP 8,000 to EGP 15,000 by fiscal year (FY) 2029/2030.
The planned listing of insurance companies on the Egyptian Exchange (EGX) represents far more than a transfer of ownership stakes. It signals a broader effort to transform Egypt's insurance sector into a scalable investment story, deepen capital markets, and give private investors access to a financial industry positioned to benefit from low insurance penetration, demographic expansion, and growing demand for financial protection.
Madinet Masr registered new sales valued at EGP 45.4 billion for the first nine months of 2026, reflecting continued demand for its diversified real estate portfolio.
Egypt-based automaker El Nasr Automotive Manufacturing Company has started producing China's Dongfeng MAGE EV model as Egypt’s first locally produced electric vehicle (EV), with local components reaching 45%.
