Arab Finance: The second week of September closed with notable economic developments, led by a $1.92 billion month-on-month (MoM) increase in Egypt’s gold reserves in August, which helped lift the country’s net international reserves (NIR) to a record high despite a decline in foreign currency holdings.

Here are the top 10 most-read news stories of the week:

1-Egypt’s NIR hits record high as gold holdings jump $1.9B in August

Egypt’s gold reserves rose month-on-month (MoM) by $1.92 billion in August, helping push the country’s net international reserves (NIR) to a record high despite a decline in foreign currency holdings.

2-Egypt’s trade deficit widens 58.5% YoY in June: CAPMAS

 Egypt’s trade deficit rose 58.5% year on year (YoY) to $7.5 billion in June 2026, up from $4.7 billion in the same month of 2025.

3-Egypt sets up industrial investment sub-fund with EGP 10B authorized capital to support exporters

Egypt has established the Egypt Sub-Fund for Industrial Investment with paid-in capital of EGP 500 million and authorized capital of EGP 10 billion to finance export-oriented industrial companies.

4-MNT Tech Holding applies to list 1.6B shares on EGX

MNT Tech Holding for Financial Investments, an arm of fintech unicorn MNT-Halan, has applied to list 1.6 billion shares on the Egyptian Exchange (EGX) main market.

5-Egypt, China's Linglong Tire Group sign MoU for $2B industrial complex

Egypt’s Ministry of Industry and China's Linglong Tire Group have signed a memorandum of understanding (MoU) to establish an integrated industrial complex with expected investments of around $2 billion.

6-Value8 petitions Amsterdam Court to block OCI Global-Orascom Construction merger

Value8 N.V. has filed a petition with the Enterprise Chamber of the Amsterdam Court of Appeal, seeking to prevent the proposed merger between Dutch-listed OCI Global and Orascom Construction.

7-Egypt, Jiangsu Changhong pen MoU for automotive engineering base

Egypt’s Ministry of Industry, the Sovereign Fund of Egypt (TSFE), and Chinese smart-equipment manufacturer Jiangsu Changhong Intelligent Equipment Co., Ltd. have inked a memorandum of understanding (MoU) to establish an industrial and engineering base for planning and building automotive and other transportation factories in Egypt.

8-TAQA Arabia to invest EGP 1.4B in petroleum products storage depot in Greater Cairo

TAQA Arabia's board of directors has approved the establishment of a petroleum products storage depot in Greater Cairo, with an estimated investment cost of approximately EGP 1.4 billion, through its subsidiary TAQA for Petroleum Products Marketing.

9-Vodafone, Elsewedy Electirc, Cassava target $1B investment in Egypt data center project

Vodafone Business, Elsewedy Electric, and Cassava Technologies signed a joint agreement to establish Africa Data Centers Egypt project to support the country’s digital economy and scale up its data center infrastructure.

10-FRA issues 1st comprehensive guide to consumer finance companies

The Financial Regulatory Authority (FRA) has issued its first comprehensive guide to the rules governing consumer finance companies, consolidating the sector’s legislative and regulatory requirements into a single reference.