Arab Finance: The first week of November ended with remarkable events in Egypt’s economic sector, including the debut of Banque du Caire on the EGX and the state’s return to international debt markets with a $500 million bond reopening.

Philip Morris Misr also raised the prices of cigarettes and heated tobacco for the second time in 2026.

Here's a list of the top 10 headlines that led the news to check this weekend:

1-Egypt’s net international reserves reach $57.5B end-October: CBE

Egypt’s net international reserves reached $57.5 billion at the end of October 2026, up from $57.35 billion a month earlier, according to data from the Central Bank of Egypt (CBE).

2-Egypt’s non-oil private sector contracts for 10th consecutive month in October

Egypt’s non-oil private sector contracted for a 10th consecutive month in October, with the S&P Global Egypt Purchasing Managers’ Index (PMI) holding at 47.2 as output and new orders fell more sharply.

3-Egypt returns to international debt markets with $500M bond reopening

Egypt has returned to international markets by reopening existing bond issuances worth $500 million, despite economic challenges, heightened uncertainty, and geopolitical tensions, according to a statement from the Ministry of Finance.

4-Egypt signs $1B World Bank financing deal to support economic reforms

Egypt inked a $1 billion financing agreement on Sunday, November 1, with the World Bank to support economic reforms, private-sector participation, and the country’s transition to a green economy.

5-Egypt, IFAD sign €58.22M financing deal for sustainable agricultural development

Egypt and the International Fund for Agricultural Development (IFAD) signed a €58.22 million concessional development financing agreement and a $470,000 grant agreement to support sustainable agricultural and rural development.

6-Philip Morris Misr raises cigarette, heated tobacco prices for 2nd time in 2026

Philip Morris Misr has revised its price list for cigarettes and heated tobacco products, with the new prices effective Thursday, November 5.

7-Korra Energi concludes capital hike subscription with 99.8% coverage rate

Korra Energi has completed its capital increase subscription, achieving a coverage rate of 99.8% of the total shares offered.

8-Helikon Long Short Equity Fund acquires EGP 5.5B stake in Banque du Caire

Helikon Long Short Equity Fund Master ICAV acquired a 6.89% stake in Banque du Caire for EGP 5.567 billion.

9-NBE, Banque Misr, CIB raise returns on variable-rate certificates after CBE rate hike

Major banks in Egypt have raised annual yields on variable-rate savings certificates following the Central Bank of Egypt’s (CBE) decision last week to increase key interest rates by 100 basis points.

10-Kima cuts natural gas intake by 20%, urea plant continues normal operations

Egyptian Chemical Industries (Kima) has implemented a directive from its natural gas supplier to reduce gas intake by 20%, effective from noon on November 1.