In this Factsheet, we review the performance of the Egyptian economy during the past year and explore forecasts for the ongoing year.
Moody’s Ratings has raised Egypt’s long-term local- and foreign-currency issuer ratings and foreign-currency senior unsecured ratings to B3 from Caa1, maintaining a positive outlook, the rating agency stated.
B Investments Holding (BINV) OGM approved waiving the company’s preemptive subscription rights in a capital increase by its subsidiary, B-Ventures for Studies and Technical Services, according to a disclosure to the Egyptian Exchange (EGX).
Ayman Abbas, CEO of Intro Holding Group, has acquired a 10% stake in the Aqar Exit platform, bringing its valuation to EGP 100 million ($2 million), Founder and Chairman Mahmoud Ammar told Al Arabiya Business.
Automotive sales in Egypt increased by 25.76% to 135,445 vehicles during the first eight months of 2026, compared to 107,710 units in January-August 2025, according to the latest report from the Automotive Market Information Council (AMIC).
