Top Must-Read News This Weekend

Updated 11/21/2025 9:00:00 AM

Arab Finance: Egypt’s economic sector witnessed fruitful developments in the third week of November. From opening a second terminal at East Port Said Port to launching the “Fekousy” app, the sector accomplished key achievements during the week.

Here’s a full list of top important news:

1-Egypt’s online, mobile banking transactions hit EGP 11.7T in 2024: CBE

Subscribers to online and mobile banking services in Egypt hit 18 million, implementing 114 million transactions at a total value of EGP 11.7 trillion at the end of 2024, Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), announced.

2-Egypt, Germany sign €294.5M financing, debt-swap, grant deals

Egypt and Germany signed agreements for concessional financing, debt swaps, grants, and technical cooperation at a total value of €294.5 million (EGP 16 billion).

3-Egypt inaugurates IFC-backed container terminal at East Port Said Port at $175M

Egypt opened a second container terminal at East Port Said Port, supported by a $175 million loan from the International Finance Corporation (IFC).

4-BNP Paribas forecasts Egypt’s GDP growth at 5.2% in FY2025/26

French multinational universal bank BNP Paribas expects Egypt’s real gross domestic product (GDP) to rise by 5.2% in the fiscal year (FY) 2025/2026, according to the bank’s latest report.

5-Egypt Post rolls out 1st integrated digital investment platform "Felousy” app

Egypt Post launched “Felousy” app, the first fully digital investment platform, developed by BFI Investment Services, Dalia Elbaz, ‏Executive Chairwoman at Egypt Post, announced.

6-2 Africa consortium completes subsea cable system linking Africa, Europe, Asia, Middle East

Telecom Egypt announced the completion of the core 2Africa subsea cable system, developed through a consortium that includes Bayobab, center3, China Mobile International, Meta, Orange, Vodafone Group, and WIOCC.

7-Egypt, Russia sign purchase order deal for El Dabaa nuclear power plant

Prime Minister Mostafa Madbouly witnessed the signing of the purchase order for nuclear fuel for the El Dabaa Nuclear Power Plant.

8-Beyti launches new EGP 1B production lines in Egypt

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir inaugurated five new production lines at Beyti, an Almarai subsidiary, with a total investment of EGP 1 billion.

9-Deloitte Innovation Hub invests $30M in Egypt, plans $80M more over 3 years

Deloitte Innovation Hub has invested $30 million since its launch in Egypt, with an additional $80 million planned over the next three years.

10-Egypt Kuwait Holding starts UK project to convert plastic waste into oil

Egypt Kuwait Holding announced the start of a project in the UK to recycle plastic waste into oils through one of its subsidiaries, in which the company holds an 85% stake.