Arab Finance: Egypt’s economy grew 5.1% in fiscal year (FY) 2025/2026, exceeding international institutions’ forecasts, Minister of Planning and Economic Development Ahmed Rostom said during a Cabinet meeting on September 3.

The economy climbed 4.7% in the fourth quarter (Q4) of FY 2025/2026, reflecting its resilience and sustainability despite regional tensions, the minister added.

Rostom said the Egyptian economy has maintained a strong and sustainable growth trajectory over the past decade, despite periods of disruption caused by global crises.

Non-petroleum manufacturing emerged as the largest contributor to GDP growth in both Q4 and the fiscal year, with the sector recording 9% growth during FY2025/2026.

The telecommunications sector also maintained its strong performance, recording 24.3% growth in Q4 and ranking among the fastest-growing sectors over the FY.

Meanwhile, Suez Canal activity recorded the highest growth rate during Q4, expanding by 33.8%, while growing 23.3% over FY2025/2026, marking a significant recovery following its contraction in the previous fiscal year.

Oil refining activity also rebounded, jumping 22.4% in Q4 and 8.7% during the last FY, compared with a 1.9% contraction in FY2024/2025. The recovery was supported by higher production and refinery maintenance.

Likewise, the extraction activities returned to surge in Q4 for the first time since Q2 FY2022/2023, driven by improved performance in the oil and gas sectors.

Rostom noted that industry, trade, and communications were the main drivers of economic growth during FY2025/2026, accounting for 48% of total GDP growth.

The fiscal year also saw continued improvement in the tourism and hospitality sector, with restaurant and hotel activity growing 6.5%, supported by stronger tourism flows and rising demand for related services.