Arab Finance: The week delivered a cluster of positive signals for Egypt’s economy, as the IMF raised its real GDP growth forecast for fiscal year (FY) 2025/2026, while the CBE posted its balance of payments (BoP) reports for the first quarter of the FY.
The International Monetary Fund (IMF) has raised its forecast for Egypt’s real gross domestic product (GDP) growth in fiscal year (FY) 2025/2026 to 4.7% from 4.5% projected in October.
2-Egypt’s BoP current account deficit narrows 45.2% YoY in Q1 FY2025/26
The Egyptian economy showed a positive balance of payment (BoP) in the first quarter (Q1) of fiscal year (FY) 2025/2026, with the current account deficit falling 45.2% to $3.2 billion from $5.9 billion a year earlier.
3-Suez Canal’s revenues hike by 18.5% YoY in H1 FY2025/26
The Suez Canal has seen a 18.5% year-on-year (YoY) increase in revenues during the first half (H1) of fiscal year (FY) 2025/2026.
4-Petroleum Ministry announces new oil, gas discoveries
Khalda Petroleum Company, Disouq Petroleum Company, and the General Petroleum Company (GPC) have drilled a number of wells in their concessions in the Western Desert, the Eastern Desert, and the Delta, including five new exploratory wells
5-Egypt ends customs exemption on Egyptian travelers' mobile phones
The government has ended the customs exemption on mobile phones brought into the country by travelers, effective as of 12:00 pm on January 21st, 2026
6-Egypt receives €1B MFA tranche from EU: Al-Mashat
Egypt has received €1 billion in macro-financial assistance (MFA) from the European Union (EU).
7-FRA grants EGX 1st license for futures contracts in financial derivatives market
The Financial Regulatory Authority (FRA) has granted the Egyptian Exchange (EGX) its first license to operate in future contracts derived from securities listed on the local market.
8-Egypt pays off $5B in dues to foreign oil companies: Madbouly
The Egyptian government has paid off $5 billion in dues to foreign oil companies.
9-EGX Listing Committee sets January 21st for Gourmet Egypt's shares listing
The Egyptian Exchange's (EGX) Listing Committee has approved the provisional listing of shares in Egypt-based premium food retailer Gourmet Egypt for Food Industries during its meeting on January 20th, 2026, setting the stage for the company’s upcoming listing on the EGX.
10-Egypt approves $1.29B new industrial projects in SCZONE
The Ministerial Group for Industrial Development, chaired by Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir, approved two projects submitted by the Suez Canal Economic Zone Authority (SCZONE).
