Arab Finance: The Egyptian economy witnessed remarkable developments across its various segments, including the energy sector, with Eni announcing a new discovery in the Eastern Mediterranean.

Egypt also received a relatively positive outlook forecast from Moody’s and the World Bank despite the geopolitical tensions.

Here are the top 10 viral headlines of the week ending April 4th:

1-World Bank maintains Egypt’s FY2025/26 growth forecast at 4.3%

The World Bank has kept Egypt’s economic growth forecast for the current fiscal year (FY) 2025/2026 unchanged at 4.3%, as per the bank's latest regional economic update.

2-Eni unlocks 2 Tcf natural gas discovery offshore Egypt

Eni has announced a significant gas and condensate discovery in Egypt after successfully drilling the Denise W-1 exploration well in the Temsah Concession, located offshore in the Eastern Mediterranean.

 

3-Moody’s affirms Egypt’s Caa1 rating with positive outlook

Moody's Ratings has affirmed Egypt’s Caa1 long-term foreign and local currency issuer ratings and maintained a positive outlook, citing continued fiscal and external improvements supported by policy and reform measures.

4-Egypt’s annual headline inflation records 13.5% in March: CAPMAS

Egypt’s annual headline inflation recorded 13.5% in March 2026, versus 13.1% during the same month in 2025, as per the Central Agency for Public Mobilization and Statistics’ (CAPMAS) data.

 

5-EGX approves temporary listing of 6 state-owned companies

The Listing Committee of the Egyptian Exchange (EGX) has approved the temporary listing of six state-owned companies for six months.

6-Egypt signs $215M Polyserve chemicals project in Ain Sokhna

Prime Minister Mostafa Madbouly oversaw the signing of a contract for the Polyserve for Fertilizers and Chemicals Company's project in Ain Sokhna, with investments estimated at $215 million, as the government continues to prioritize high-value-added industrial investments.

7-Valmore Holding OGM nods to $53M cash dividends

The ordinary general meeting (OGM) of Valmore Holding approved the distribution of approximately $53 million in cash dividends to shareholders, amounting to $0.045 per share.

8-Instapay turns profitable a year after transfer fee rollout

Egypt’s instant payment application Instapay has become profitable after introducing a 0.1% transaction fee in April 2025, with no significant decline in user adoption, EnterpriseAM reported, citing a senior official at the Central Bank of Egypt (CBE).

9-PRE Group to expand hospitality portfolio via 8 hotel brand partnerships

Pioneers Properties for Urban Development (PRE Group) plans to sign a series of strategic partnerships with eight leading international hotel brands in the coming weeks to develop and operate eight hotels.

10-Indorama, Misr Phosphate to build $525M fertilizer plant in SCZONE

Indorama and Misr Phosphate have signed an agreement to establish a new phosphate fertilizer plant in the Suez Canal Economic Zone (SCZONE).