10 Buzzing News Stories To Power Your Weekend Catch-Up
Updated 3/20/2026 9:00:00 AM
Arab Finance: The third week of March closed with notable economic developments, as the Ministry of Investment and Foreign Trade denied reports claiming that the government had decided to suspend Egyptian exports to Gulf countries, affirming that export activity continues to operate normally.
The top 10 viral news stories of the week are as follows:
1-Egypt denies reports of halting exports to Gulf states
The Ministry of Investment and Foreign Trade denied reports claiming that the government decided to suspend Egyptian exports to Gulf countries, affirming that export movements are operating normally.
2-Madbouly reviews updated State Ownership Policy Document
Egypt’s Prime Minister Mostafa Madbouly reviewed an updated version of the State Ownership Policy Document during a high-level government meeting, as part of ongoing efforts to expand private sector participation in the national economy.
3-Egypt lost $10B in Suez Canal revenues amid regional instability: El-Sisi
Egypt lost around $10 billion (EGP 500 billion) in Suez Canal revenues amid regional instability.
4-Egypt grants golden licenses to 8 projects worth $1.2B
Minister of Investment and Foreign Trade Mohamed Farid granted eight golden licenses to projects in the energy, transportation, manufacturing, logistics, and food sectors, with a total investment of $1.2 billion (EGP 16 billion).
5-Egypt discusses new infrastructure financing tools with World Bank, AfDB
Egypt discussed new innovative tools to finance infrastructure projects in the country with the World Bank and the African Development Bank (AfDB).
6-Fitch Solutions sees Egypt's construction robust to 6.6% by FY2027/28
Fitch Solutions expects Egypt's construction industry to see robust growth in fiscal year (FY) 2025/2026 and FY 2026/2027, the Information and Decision Support Center (IDSC) revealed.
7-Egypt eyes doubling currency swap with China, boosting financial ties
Egypt and China mull ways to reinforce bilateral relations, including the existing currency swap agreement.
8-Hisham Ezz Al-Arab continues as CIB CEO as shareholders approve new board for 2026–2029
Shareholders of Commercial International Bank Egypt (CIB) approved the continuation of Hisham Ezz Al-Arab as CEO after the bank’s ordinary general meeting (OGM) endorsed the formation of its board of directors for the period from March 2026 to March 2029.
9-EGYPTAIR cuts Dubai daily flights to one amid regional unrest
EGYPTAIR reduced the number of daily flights to Dubai to one instead of two, effective from March 15th, until further notice.
10-Ganope to drill $33M exploration wells; targets over $4B revenues in FY2026/27
South Valley Egyptian Petroleum Holding Company (Ganope) plans to drill five exploration wells at an estimated value of $33 million.
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