Arab Finance: The last week of September ended with a handful of economic agreements in key sectors and major events, such as the Egypt Mining Forum 2026, which gathered officials from AngloGold Ashanti, the Australia-Africa Minerals & Energy Group (AAMEG), the International Council on Mining and Metals (ICMM), and the World Bank Group.

Besides the mining industry, the financing sector also witnessed key developments, as the government settled a long-standing debt of EGP 102.75 billion, owed by the Industrial and Mining Projects Authority (IMPA) to the National Investment Bank (NIB). 

1- Egypt advances 8 mining projects as sector targets 6% GDP contribution: Badawi

Egypt is advancing eight industrial projects to maximize the value of its phosphate resources, including the first phase of the Abu Tartour phosphoric acid complex, which has investments of $650 million, Petroleum and Mineral Resources Minister Karim Badawi said.

2- Egypt signs framework deal to settle EGP 102.75B IMPA debt to NIB

Prime Minister Mostafa Madbouly witnessed the signing of a framework agreement to settle a long-standing debt of EGP 102.75 billion, owed by the Industrial and Mining Projects Authority (IMPA) to the National Investment Bank (NIB). 

3- Egypt denies $50M payment to repair Energos Winter FSRU

The Cabinet Media Center has denied reports claiming that Egypt will bear $50 million in repair costs for the Energos Winter floating storage and regasification unit (FSRU), which was damaged in a previous incident at Damietta Port.

4- Egypt’s IPN transactions hit EGP 4.3T by end of Q2 2026

Egypt’s Instant Payment Network (IPN) registered 1.47 billion transactions valued at EGP 4.33 trillion by the end of the second quarter (Q2) of 2026, said Hassan Abdalla, Governor of the Central Bank of Egypt (CBE).

5- EGX, ADX sign MoU to strengthen capital market cooperation

The Egyptian Exchange (EGX) has signed a memorandum of understanding (MoU) with the Abu Dhabi Securities Exchange (ADX) to strengthen cooperation and support the development of the financial services sector.

6- Egypt's private sector accounts for 65% of total investments: Farid

Minister of Investment and Foreign Trade Mohamed Farid inaugurated the Egypt-France Business Forum 2026 in Paris, highlighting the private sector's increased share of total investments in Egypt.

7- Bank NXT signs EGP 2.1B facility with Ezz Elarab Elsewedy Investments for automotive expansion

Bank NXT has signed an EGP 2.1 billion credit facility with Ezz Elarab Elsewedy Investments to finance expansion at Ezz Elarab Elsewedy Automotive Factories and the construction of a new automotive paint plant.

8- Fawry, Congineer partner to link retail management with digital payments

Fawry has partnered with retail technology provider Congineer to connect business management systems with digital payments for merchants in Egypt.

9- Korra Energi, TMEIC sign power systems partnership for data centers, industry

Korra Energi has signed a strategic partnership agreement with Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) to supply power and automation systems for data centers and industrial customers in Egypt and the wider region.

10- Orange allocates €25M to support AI startups in Egypt

President Abdel Fattah El-Sisi met with Orange CEO Christel Heydemann to discuss expanding the group’s investments in Egypt’s telecom and information technology sectors.