Egypt’s economy grew, and urban inflation slowed down
· Egyptian market news · ARAB
☀️ Good morning, friends, and happy weekend.
Elsewhere in today’s issue:
But first, your weekly recap…
🗞️ LAST WEEK IN 3 MINS
The country’s economy grew 5.1% in FY 2025/26, accelerating from 4.4% a year earlier.
ALSO- Urban inflation slowed to 14.5% in August, defying forecasts of a pickup — and undershooting the central bank’s near-term call. Capmas data (pdf) Reuters poll
AND- Fitch Ratings expects current account deficit to shrink to 2.7% of GDP in FY 2026/27
Nawy’s mortgage arm Nawy Now has picked up another EGP 633 mn from institutional investors
The World Bank has flagged “high” fiduciary risk on its USD 440 mn loan to modernize railway safety along the Alexandria-Cairo-Nag Hammadi corridor
China’s Linglong Group signed an MoU with the Industry Ministry for a USD 2 bn integrated tire complex in Borg El Arab.
AND- The Suez Canal Economic Zone added nine new industrial projects in Sokhna
The government is preparing to launch a new drug pricing system keeps mandatory pricing but makes it more responsive
The local arm of fintech unicorn MNT-Halan has taken its first step toward a listing on the EGX.
AND- The Sovereign Fund of Egypt (SFE) has set up a dedicated sub-fund for industrial investment with EGP 10 bn in authorized capital and EGP 1 bn in issued capital
The Mediterranean-focused oil producer Energean is nearing an agreement to merge three concessions that could pave the way for it to double production in the country.
Egypt’s auto market grew 15.6% y-o-y in July to 18k units (+3.3% m-o-m)
Vodafone Egypt’s business arm is teaming up with Elsewedy Electric and Cassava Technologies build what they say will be our largest data center
Misr for Central Clearing, Depository, and Registry (MCDR) has entered final testing for its centralized securities lending and borrowing (SLB) system
The mechanics of retail with Baraka’s Ahmed Ragab:
On this episode of Making It, Ahmed Ragab, CEO and Partner at Baraka Retail Group,
Listen to the episode on: Apple Podcasts Spotify Anghami YouTube
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🌍 AROUND THE WORLD IN SEVEN DAYS
This week’s headlines were dominated by the sharpest naval exchange in the US-Iran war in weeks
US Central Command struck three Iranian crude oil tankers signaled that a shipping agreement with Oman is days away retaliated by launching ballistic missiles
MEANWHILE- drove oil prices back to over USD 100 per barrel
Trump said on Wednesday that he expects the war with Iran to end after November’s midterm elections, which are nearly two months away, and says oil prices are likely to tumble downward only after the elections.
IN EUROPE- secured 44% of the vote in Saxony-Anhalt’s regional elections
IN THE BUSINESS PRESS- risen fivefold in 2026 Africa’s largest-ever IPO
The Egypt Forum is back
Every session on stage answers one question: “So, what do I actually do about it?”
Join us on 5 October in Cairo. Seats are limited, and attendance is by invitation only.
Request your invitation here.
☀️ THE WEATHER THIS WEEKEND
Cairo continues its hot streak this weekend
🎤 HAPPENING THIS WEEKEND
Movie lovers, it’s your lucky day. program TicketsMarché
The Goats are back with a special Beyond the Scene show at this year’s MedFest Egypt at AUC Tahrir Square tonight. standup TicketsMarché
How about an orchestra by the coast? Hisham Kharma perform website
Calling all career starters:
“Not just another career fair,” the event promises a real hiring and career-readiness experience website