Arab Finance: The second week of July closed with notable economic developments, led by the SCZONE reporting total revenues of EGP 15.9 billion for fiscal year (FY) 2025/2026, exceeding its budget projection of EGP 10.5 billion by 51%.

The top 10 viral news stories of the week are as follows:

1-SCZONE's revenues soar 51% in FY2025/26

The General Authority for the Suez Canal Economic Zone's (SCZONE) total revenues during the fiscal year (FY) 2025/2026 reached EGP 15.9 billion, marking a 51% increase over the FY's budget projections of EGP 10.5 billion.

2-Egypt’s overall BoP deficit narrows to $1.8B in 9 months

Egypt’s overall balance of payments (BoP) deficit recorded $1.8 billion in the first nine months of fiscal year (FY) 2025/2026, compared to $1.9 billion during the same period in the previous FY.

3-Egypt's ready-made garment exports rise 20% YoY in 2025

Egypt's ready-made garment exports climbed 20% year-on-year (YoY) to $3.394 billion in 2025 from $2.846 billion in 2024.

4-Egypt's trade deficit up 20.2% YoY in April 2026: CAPMAS

Egypt's trade deficit recorded $4.8 billion in April 2026, up 20.2% year-on-year (YoY) from $4 billion.

5-Egypt's tax revenues rise 28% in FY2025/26 as business climate improves: Kouchouk

Egypt's tax revenues jumped by 28% during the fiscal year (FY) 2025/2026 without any new burdens.

6-SCZONE, Turkiye's Ukinox pen $14M stainless steel factory deal in Ain Sokhna

Egypt's tax revenues jumped by 28% during the fiscal year (FY) 2025/2026 without any new burdens.

7-Mobica earmarks $20M for production expansion before end-2026

Furniture manufacturer Mobica Group plans to invest $20 million to diversify its production operations before the end of the year.

8-Maersk resumes WAF6 service via Red Sea in step toward Suez Canal return

Danish shipping group Maersk has resumed a new shipping service across the Red Sea as part of its plan for a gradual return to transiting the Suez Canal.

9-Telecom Egypt scraps proposed Regional Data Center Hub stake sale to Helios Investments

Telecom Egypt's (ETEL) board of directors has decided not to proceed with a proposed transaction to sell a 75% to 80% stake in a subsidiary that would own its Regional Data Center Hub (RDH) to Helios Investments after certain conditions required to complete the deal were not met.

10-EGX approves new schedule for periodic index reviews

The Egyptian Exchange (EGX) has approved amendments to the timeline for announcing and implementing periodic reviews of its main market indices, giving investors and asset managers more time to prepare for index changes.