Arab Finance: Major economic developments occurred in the second week of June 2026, led by the Ministry of Petroleum's announcement that Egypt has reached zero dues after settling all outstanding arrears owed to oil and gas investment partners.
Here’s the list of the top 10 viral news stories:
1-Egypt reaches zero oil, gas arrears after settling $6.1B in dues: Badawi
Egypt has fully settled all outstanding arrears owed to oil and gas investment partners, cutting them to zero after dues had reached approximately $6.1 billion in June 2024, according to Minister of Petroleum and Mineral Resources Karim Badawi.
2-Egypt’s annual core inflation holds steady at 13.8% in May: CBE
Egypt’s annual core consumer price index (CPI) inflation remained unchanged at 13.8% in May 2026, compared to last April, according to data released by the Central Bank of Egypt (CBE).
3-EBRD targets €7.5B in Egypt financing over next 5 years
The European Bank for Reconstruction and Development (EBRD) aims to provide €7.5 billion in financing to the Egyptian market over the next five years, Mai Ismail, Associate Director at EBRD, told Asharq Business.
4- Egypt records 3.5% primary surplus in first 9 months of FY2025/26: Kouchouk
Egypt recorded a primary surplus of 3.5% of gross domestic product (GDP) during the first nine months of the current fiscal year (FY) 2025/2026, Minister of Finance Ahmed Kouchouk stated.
5- Madbouly reviews restructuring plan for state-owned enterprises
Prime Minister Mostafa Madbouly reviewed progress on the government's restructuring and governance plan of state-owned enterprises (SOEs).
6-Azimut Egypt targets EGP 50B AUM by end-2026: CEO
Asset manager Azimut Egypt is targeting assets under management (AUM) exceeding EGP 50 billion by the end of 2026, supported by strong growth recorded during the first five months of the year, CEO Ahmed Abou El-Saad told Al Arabiya.
7-EGX delays CIB, TMG futures contracts launch to June 21st
The Egyptian Exchange (EGX) has postponed the launch of futures contracts on the shares of Commercial International Bank (CIB) and Talaat Moustafa Holding Group (TMG) to Sunday, June 21st.
8-Fawry denies ties to alleged $330M HSBC France money laundering case
Fawry for Banking Technology and Electronic Payment refuted reports linking the company to alleged embezzlement and money laundering activities involving $330 million at an HSBC branch in France.
9-Banque du Caire targets year-end listing after IPO delay: El Sayed
The initial public offering (IPO) of Banque du Caire has been delayed again, with investor roadshows pushed to September or October, Hashem El Sayed, assistant prime minister and head of the State-Owned Companies Unit, told EnterpriseAM.
10-EETC, NREA ink $420M deals with Alcazar Energy for 580-MW Gabal El-Zeit wind farm
The New and Renewable Energy Authority (NREA), the Egyptian Electricity Transmission Company (EETC), and Alcazar Energy signed two investment, operation, and power purchase agreements for the 580-megawatt Gabal El-Zeit wind farm in the Red Sea Governorate.
