Top 10 Viral News Stories to Revisit this Weekend

Updated 12/12/2025 9:00:00 AM

Arab Finance: The second week of December closed with several notable developments, including the General Authority for Investment and Free Zones (GAFI) announcing the launch of the Cash Investment Incentive Guide to support industrial projects in Egypt.

Between December 7th and 11th, these were the top 10 stories that went viral:

1-GAFI launches cash investment incentive guide to support industrial projects in Egypt

The General Authority for Investment and Free Zones (GAFI) announced the launch of the Cash Investment Incentive Guide, supporting industrial projects in Egypt.

2-Egypt, EBRD sign 6 agreements on investment, energy

Prime Minister Mostafa Madbouly witnessed the signing of six agreements and memoranda of understanding (MoU) between several Egyptian government entities and the European Bank for Reconstruction and Development (EBRD).

3-Egypt’s external debt reaches $161.2B end-June: CBE

Egypt’s external debt increased to $161.2 billion at the end of the previous fiscal year (FY) 2024/2025, rising by about $8.3 billion, or 5.5%, compared with the end of FY 2023/2024.

4-GAFI updates regulatory framework, launches digital platform to boost investment climate

The General Authority for Investment and Free Zones (GAFI) announced it has adopted an updated technical and regulatory framework for financial evaluation and review, alongside the launch of a new digital platform designed to improve the investment environment in Egypt.

5-Egypt’s annual headline inflation hits 10% in November: CAPMAS

Egypt’s annual headline inflation reached 10.0% in November 2025, versus 10.1% during October.

6-Egypt inks protocol to treat petroleum waste, increase returns from natural resources

The Egyptian General Petroleum Corporation (EGPC) and the Nuclear Materials Authority (NMA) signed a cooperation protocol to treat petroleum waste and support the state’s plan to increase economic returns from natural resources.

7-SCZONE, MIFRA pen contract for $7M metal industries factory in Ain Sokhna

The General Authority for the Suez Canal Economic Zone (SCZONE) and MIFRA have signed a contract to establish a new metal industries factory in Sokhna Industrial Zone.

8-Maridive & Oil Services' unit secures 15-year oil service deal in Qatar

Maridive Offshore Projects, a subsidiary of Maridive & Oil Services, signed a long-term contract in Qatar to provide maintenance and production support services in the petroleum sector.

9-EBRD signs $100M agreement with NBE to support MSMEs

The European Bank for Reconstruction and Development (EBRD) and the National Bank of Egypt (NBE) have inked a $100 million financing agreement to expand support for micro, small, and medium enterprises (MSMEs).

10-WASCO completes North El-Basant-1 drill: Petroleum Ministry

El Wastani Petroleum Company (WASCO) has completed drilling the North El-Basant-1 exploratory well in the Delta, adding an estimated 15 to 25 billion cubic feet of natural gas reserves based on initial tests.