Egypt’s headline Purchasing Managers’ Index (PMI) jumped to a seven-month high in August 2026, recording 49.6, easing the downturn from 46.8 in July, according to the latest report issued by S&P Globa...
The Egyptian economy recorded several notable developments during the first week of September, led by the headline Purchasing Managers’ Index (PMI), which rose to a seven-month high of 49.6 in August 2026 from 46.8 in July, signaling a slower pace of contraction.
The Egyptian Cabinet has approved the Ministry of Finance’s plan for international bond issuances worth a total of $3 billion during fiscal year (FY) 2026/2027 to diversify its financing sources and instruments while further reducing external debt.
ODIN Investments increased its stake in Egyptians for Housing and Development Company by acquiring 2.8 million shares for EGP 8.6 million.
The General Authority for Suez Canal Economic Zone (SCZONE) signed a letter of intent (LoI) with China’s Zhongce Rubber Group (ZC Rubber) to establish an integrated tire manufacturing complex in the Sokhna Industrial Zone.
