Egypt’s net international reserves reached $57.5 billion at the end of October 2026, up from $57.35 billion a month earlier, according to data from the Central Bank of Egypt (CBE).
The first week of November ended with remarkable events in Egypt’s economic sector, including the debut of Banque du Caire on EGX and the state’s return to international debt markets with $500 million bond reopening.
Emirates NBD Egypt has contributed $40 million in financing for ADD Properties as part of a $265 million syndicated financing package.
London-based Innovo Group has appointed Mostafa El Kady as CEO and Managing Director of Innovo Egypt effective November 2026, as the group seeks to expand its presence in the Egyptian real estate market, as per a press release.
Egypt’s Ministry of Labor, delivery platform talabat Egypt, and several logistics companies contracted by talabat have signed a cooperation protocol to formalize the status of delivery workers and provide them with social and healthcare benefits, as per a statement.
