Arab Finance: The third week of June brought a series of notable developments across Egypt’s economic landscape, spanning key sectors from finance and investment to international cooperation and infrastructure. Among the highlights, the World Bank revised upward its forecast for Egypt’s real gross domestic product (GDP) growth in fiscal year (FY) 2025/2026.

Here are the top 10 stories that shaped the week:

1-World Bank upgrades Egypt’s FY2025/26 GDP growth forecast to 4.6%

The World Bank has upgraded its forecast for Egypt’s real gross domestic product (GDP) growth in the current fiscal year (FY) 2025/2026 to 4.6% from 4.3% projected in April.

2-Egypt to receive €1.5B from EU to support economic reform agenda

The European Union (EU) is set to disburse €1.5 billion to Egypt this June to support the country’s economic reform agenda.

3-Egypt's urea fertilizer exports up 7.4% in 2025 on improved gas supplies: Badawi

Egypt’s exports of urea fertilizers jumped by 7.4% year-on-year (YoY) to $9.4 billion in 2025, Minister of Petroleum and Mineral Resources Karim Badawi noted at the 32nd Annual International Fertilizer Conference and Exhibition.

4-Egypt's auto sales leap 24.3% YoY in April 2026

Egypt’s auto sales grew by 24.3% year-on-year (YoY), registering 15,333 units in April 2026, compared to 12,337 units, according to data from the Automotive Market Information Council (AMIC).

5-Suez Canal's oil tanker traffic jumps 28% in April amid Strait of Hormuz closure

Oil tanker traffic through Egypt’s Suez Canal jumped by nearly one-third in April, as the Strait of Hormuz closure boosted demand for the Red Sea shipping route.

6-Egypt's pharma market hits EGP 422B in 2025, ranks 26th globally

Egypt's pharmaceutical market grew by 37% year-on-year (YoY) in terms of the financial value, with its compound annual growth rate (CAGR) hitting around 15%, nearly double the global average.

7-EU backs Egypt’s electricity grid upgrade via €690M clean-energy investment

The European Union (EU) is strengthening its strategic partnership with Egypt in the renewable energy field through an €690 million clean-energy grid investment to upgrade and expand the Egyptian electricity network.

8-Alexandria Container approves fair value for Maritime Ports at $20.28M ahead of sale

 Alexandria Container and Cargo Handling Company's (ALCN) board has approved a fair value study of Egyptian Maritime Ports Company's shares, paving the way for the sale of its entire shareholding in the latter.

9-Qalaa Holdings eyes 55% stake in Taqa Arabia through future purchase rights

 Qalaa Holdings (CCAP) said it could become the majority shareholder in Taqa Arabia, with its ownership potentially exceeding 55% through a combination of future share purchase rights and planned acquisitions.

10-Major EGYSTONE shareholder seeks full acquisition, EGX delisting

A major shareholder in Egypt Intercontinental for Granite and Marble (EGYSTONE) intends to submit a mandatory tender offer to acquire up to 100% of the company's shares, with the aim of delisting the company from the Egyptian Exchange (EGX).