Weekly Roundup: Top 10 Stories From February’s 2nd Week

Updated 2/13/2026 9:00:00 AM

Arab Finance: Egypt witnessed key development events in the second week of February, topped by the cabinet reshuffle under presidential decree No. 75 of 2026.

Also, the International Monetary Fund (IMF) unveiled plans to review the fifth and sixth reviews of Egypt’s $8 billion program by the end of this month.

As for corporates, the government sealed three cooperation and strategic partnership agreements for the IL Monte Galala Towers and Marina project in Ain Sokhna, with investments of around EGP 50 billion.

Have a look at the top 10 stories of the week below:

1- El-Sisi oversees swearing-in of new cabinet in reshuffle

President Abdel Fattah El-Sisi oversaw the swearing-in ceremony of a new deputy prime minister, ministers, and deputy ministers on Tuesday, February 11^th.

2-Egypt’s annual core inflation hits 11.2% in January: CBE

Egypt's annual core consumer price index (CPI) inflation recorded 11.2% in January 2026, compared to 11.8% last December, the Central Bank of Egypt’s (CBE) data showed.

3-FRA amends listing, delisting rules to boost governance, investor protection

The Financial Regulatory Authority (FRA) has issued a comprehensive set of amendments to the rules governing the listing and delisting of securities.

4- IMF board to review Egypt’s $8B program by end-February

The International Monetary Fund’s (IMF) executive board will meet at the end of the month to consider approving the fifth and sixth reviews of Egypt’s $8 billion Extended Fund Facility (EFF) program, as stated by IMF Managing Director Kristalina Georgieva.

5- Egypt to mobilize $1B for startups over 5 years under new charter

Egypt has launched a unified financing initiative aimed at mobilizing $1 billion in financing for startups over five years as part of the newly announced startup charter, according to a statement from the Ministerial Group for Entrepreneurship.

6- Beltone Capital acquires Baobab Group for $197.6M in 1st cross-border deal

Beltone Capital, a wholly owned subsidiary of Beltone Holding (BTFH), has completed the strategic acquisition of Paris-headquartered financial services company Baobab Group in a transaction valued at $197.6 million.

7-ContactNow launches digital financing platform for Egyptian sports fans

ContactNow, the digital arm of Contact Financial Holding (CNFN), has officially entered the Egyptian sports sector, aiming to introduce new digital financing models that connect fans more closely with major sporting events and activities.

8- Egypt inks EGP 50B deals for IL Monte Galala towers, marina in Ain Sokhna

Egypt has signed three cooperation and strategic partnership agreements for IL Monte Galala Towers and Marina project in Ain Sokhna, with investments of around EGP 50 billion.

9- B Investments plans EGX listing for El-Ezaby Pharmacies within a year

B Investments Holding plans to list El-Ezaby Pharmacies on the Egyptian Exchange (EGX) within a year, according to Hazem Barakat, chairman of the board of directors.

10- Travco Group raises stake in Gourmet Egypt to 7.84%

Travco Group International increased its stake in Gourmet Egypt.com Food to 7.84% from 4.75%. Travco purchased 12.362 million shares in the EGX-listed firm for EGP 114.581 million at an average price of EGP 9.268 per share.