Arab Finance: The second week of November saw several significant economic developments, led by a surge in remittances from Egyptians working abroad to nearly $13 billion in the first quarter (Q1) of fiscal year (FY) 2026/2027.

The top 10 viral news stories of the week are as follows:

 1-Egypt’s remittances leap to $13B in Q1 FY2026/27: CBE

Remittances from Egyptians working abroad jumped to nearly $13 billion in the first quarter (Q1) of fiscal year (FY) 2026/2027.

2-Egypt’s government debt rises 8.8% in Q1 2026

Egypt’s total government debt hit EGP 17.850 trillion in the first quarter (Q1) of 2026, up 8.8% from EGP 16.411 trillion in Q4 2025.

3-Egypt's annual core inflation slows to 13.1% in October: CBE

Egypt’s annual core consumer price index (CPI) inflation hit 13.1% in October 2026, compared with 14.1% last September

4-Egypt allocates 26,690 feddans in Red Sea to Finance Ministry for public debt reduction

President Abdel Fattah El-Sisi has issued a decree allocating 26,690 feddans in the Red Sea Governorate to the Ministry of Finance for reducing public debt and issuing sovereign sukuk.

5-Egypt unveils positive drilling results from Nessim-1X natural gas exploration well

The Ministry of Petroleum and Mineral Resources announced positive drilling results from the Nessim-1X natural gas exploratory well in the Mediterranean Sea.

6-Evergreen resumes Suez Canal transits after nearly 3-year hiatus

Evergreen resumed its shipping services across the Suez Canal following a nearly three-year hiatus amid the Red Sea crisis, Osama Rabie.

7-Alcazar Energy Partners mobilizes over $1B in investment for Egypt’s energy security

Alcazar Energy Partners has reached financial close on its 500-megawatt (MW) Niat and Rasgha wind projects in Egypt, with a total project cost of $626 million.

8-Chemical Industries Holding plans 5% stakes in 5 subsidiaries on EGX

Egypt’s state-owned Chemical Industries Holding Company (CIHC) plans to offer 5% stakes in each of five subsidiaries on the Egyptian Exchange (EGX) in the coming months.

9-MOPCO manages operations based on available natural gas supplies after 33% cut

Misr Fertilizers Production Company (MOPCO) has cut 33% of its natural gas supplies.

10-Orascom Construction approves $97.2M share issuance to OCI N.V.

Orascom Construction PLC has approved raising its issued share capital from $110.24 million to $207.44 million through issuing new shares.