Company Name : Delta Insurance
ISIN Code : EGS63031C016
Reuters Code : DEIN.CA
Content :
AGM minutes after certification
Assembly Date : 23/04/2025

AGM Minutes (after Certification) (14,548 KB)

Issuer Name : Capital For Securitization 4th Iss 6th Pro Tranche C Mar 30 VR
ISIN Code : EGB69611S1N8
Reuters Code : EGBCPSC4P6CCV
Interest Type : Floating
Coupon Interest : 26.55%
Coupon Amount : EGP 2.2549315068
Coupon Number : 2
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025

Issuer Name : Capital For Securitization 4th Iss 6th Pro Tranche D Dec 30 VR
ISIN Code : EGB69611S1O6
Reuters Code : EGBCPSC4P6DCV
Interest Type : Floating
Coupon Interest : 26.8%
Coupon Amount : EGP 2.2761643839
Coupon Number : 2
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025

Issuer Name : Capital For Securitization 4th Iss 6th Pro Tranche A Apr 26 VR
ISIN Code : EGB69611S1L2
Reuters Code : EGBCPSC4P6ACV
Interest Type : Floating
Coupon Interest : 26.25%
Coupon Amount : EGP 2.2294520541
Coupon Number : 2
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025

Issuer Name : Capital For Securitization 5th Iss 2nd Pro Tranche D Aug 2026 FR
ISIN Code : EGB69611S584
Reuters Code : EGBCPSC5P2DCF
Interest Type : Fixed
Coupon Interest : 22.95%
Coupon Amount : EGP 0.8576383562
Coupon Number : 19
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025
Notes :
Bond Redemption: EGP 3.000000000

Issuer Name : Capital For Securitization 4th Iss 6th Pro Tranche B Mar 28 VR
ISIN Code : EGB69611S1M0
Reuters Code : EGBCPSC4P6BCV
Interest Type : Floating
Coupon Interest : 26.4%
Coupon Amount : EGP 2.242191781
Coupon Number : 2
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025

Issuer Name : Capital For Securitization 2nd Iss 4th Pro Tranche C May 2025
ISIN Code : EGB69611S865
Reuters Code : EGBCPSC2P4CCV
Interest Type : Floating
Coupon Interest : 26.85%
Coupon Amount : EGP 0.0228041093
Coupon Number : 12
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025
Notes :
Bond Redemption: EGP 1.0000000000

Issuer Name : Capital For Securitization 2nd Iss 4th Pro Tranche W Jan 2027
ISIN Code : EGB69611S899
Reuters Code : EGBCPSC2P4WCV
Interest Type : Floating
Coupon Interest : 28%
Coupon Amount : EGP 2.3780821935
Coupon Number : 12
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025

Issuer Name : Capital For Securitization 2nd Iss 4th Pro Tranche D Nov 2025
ISIN Code : EGB69611S873
Reuters Code : EGBCPSC2P4DCV
Interest Type : Floating
Coupon Interest : 27.25%
Coupon Amount : EGP 1.8977945201
Coupon Number : 12
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025

Issuer Name : Capital For Securitization 2nd Iss 3rd Pr Tranche D Apr 2026
ISIN Code : EGB69611S501
Reuters Code : EGBCPSC2P3DCF
Interest Type : Fixed
Coupon Interest : 23.25%
Coupon Amount : EGP 1.0860616438
Coupon Number : 20
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025
Notes :
Bond Redemption: EGP 5.0000000000

Issuer Name : Capital For Securitization 2nd Iss 4th Pro Tranche H May 2026
ISIN Code : EGB69611S881
Reuters Code : EGBCPSC2P4HCV
Interest Type : Floating
Coupon Interest : 27.5%
Coupon Amount : EGP 2.3356164372
Coupon Number : 12
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025

Issuer Name : Capital For Securitization 3rd Iss 4th Pro Tranche D Apr 2026
ISIN Code : EGB69611S0M2
Reuters Code : EGBCPSC3P4DCV
Interest Type : Floating
Coupon Interest : 27%
Coupon Amount : EGP 2.2931506855
Coupon Number : 7
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025

Issuer Name : Capital For Securitization 3rd Iss 6th Pro Tranche A Jan 2026
ISIN Code : EGB69611S0S9
Reuters Code : EGBCPSC3P6ACV
Interest Type : Floating
Coupon Interest : 26.25%
Coupon Amount : EGP 2.2294520528
Coupon Number : 5
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025

Issuer Name : Capital For Securitization 3rd Iss 4th Pro Tranche H Oct 2026
ISIN Code : EGB69611S0N0
Reuters Code : EGBCPSC3P4HCV
Interest Type : Floating
Coupon Interest : 27.25%
Coupon Amount : EGP 2.3143835608
Coupon Number : 7
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025

Issuer Name : Capital For Securitization 3rd Iss 6th Pro Tranche B Dec 2027
ISIN Code : EGB69611S0T7
Reuters Code : EGBCPSC3P6BCV
Interest Type : Floating
Coupon Interest : 26.4%
Coupon Amount : EGP 2.2421917807
Coupon Number : 5
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025

Issuer Name : Capital For Securitization 3rd Iss 4th Pro Tranche W May 2027
ISIN Code : EGB69611S0O8
Reuters Code : EGBCPSC3P4WCV
Interest Type : Floating
Coupon Interest : 27.75%
Coupon Amount : EGP 2.356849316
Coupon Number : 7
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025

Issuer Name : Capital For Securitization 1st Iss 10th pro Tranche B DEC25
ISIN Code : EGB69611S0Z4
Reuters Code : EGBCPSC1P10BCF
Interest Type : Fixed
Coupon Interest : 26.25%
Coupon Amount : EGP 2.1675242667
Coupon Number : 4
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025
Notes :
Bond Redemption: EGP 0.7020159804

Issuer Name : Capital For Securitization 3rd Iss 4th Pro Tranche B Jul 2025
ISIN Code : EGB69611S0K6
Reuters Code : EGBCPSC3P4BCF
Interest Type : Fixed
Coupon Interest : 26%
Coupon Amount : EGP 2.2082191787
Coupon Number : 7
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025
Notes :
Bond Redemption: EGP 13.750000000

Issuer Name : Capital For Securitization 1st Iss 10th pro Tranche C Aug26
ISIN Code : EGB69611S1A5
Reuters Code : EGBCPSC1P10CCV
Interest Type : Floating
Coupon Interest : 27%
Coupon Amount : EGP 2.2721028261
Coupon Number : 4
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025
Notes :
Bond Redemption: EGP 0.5115837065

Issuer Name : Capital For Securitization 3rd Iss 4th Pro Tranche C Oct 2025
ISIN Code : EGB69611S0L4
Reuters Code : EGBCPSC3P4CCF
Interest Type : Fixed
Coupon Interest : 26.25%
Coupon Amount : EGP 2.2294520545
Coupon Number : 7
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025

Issuer Name : Capital For Securitization 3rd Iss 3rd Pro Tranche H Dec 2025
ISIN Code : EGB69611S667
Reuters Code : EGBCPSC3P3HCF
Interest Type : Fixed
Coupon Interest : 22.5%
Coupon Amount : EGP 1.9109589055
Coupon Number : 17
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025

Issuer Name : Capital For Securitization 1st Iss 9th Pro Tranche C Jun 2026
ISIN Code : EGB69611S0R1
Reuters Code : EGBCPSC1P9CCV
Interest Type : Floating
Coupon Interest : 27%
Coupon Amount : EGP 2.0327920339
Coupon Number : 5
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025

Issuer Name : Capital For Securitization 2nd Iss 2nd Prog Tranche D Aug 2025
ISIN Code : EGB69611S428
Reuters Code : CAPSEC2P2D=CA
Interest Type : Fixed
Coupon Interest : 19.25%
Coupon Amount : EGP 0.1675804795
Coupon Number : 28
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025
Notes :
Bond Redemption: EGP 0.5000000000

Issuer Name : Capital For Securitization 3rd Iss 3rd Pro Tranche D Jun 2025
ISIN Code : EGB69611S659
Reuters Code : EGBCPSC3P3DCF
Interest Type : Fixed
Coupon Interest : 22.25%
Coupon Amount : EGP 0.774787672
Coupon Number : 17
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025
Notes :
Bond redemption: EGP 21.00

Issuer Name : Capital For Securitization 1st Iss 9th Pro Tranche B Oct 2025
ISIN Code : EGB69611S0Q3
Reuters Code : EGBCPSC1P9BCF
Interest Type : Fixed
Coupon Interest : 26.25%
Coupon Amount : EGP 1.5820846978
Coupon Number : 5
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025
Notes :
Bond redemption: EGP 26.6187050360

(ONA)-


Oman oil price (July delivery 2025) today reached 65.01 US Dollars, comprising a rise by 66 cents compared to the price of last “Monday” which stood at 64.35 US Dollars.

The average price of Oman oil (May delivery 2025) has stabilized at 72.51 US Dollars per barrel, thus 5.12 US Dollars per barrel lower than April delivery 2025.

Issuer Name : Capital For Securitization 2nd Iss 6th Pro Tranche A Nov 2025
ISIN Code : EGB69611S0F6
Reuters Code : EGBCPSC2P6ACV
Interest Type : Floating
Coupon Interest : 26.25 %
Coupon Amount : EGP 1.5294396326
Coupon Number : 7
Coupon Date : 29/05/2025
Coupon Payment Date : 01/06/2025
Notes :
Bond redemption: EGP 15.6992032654

(ONA)-


Muscat Stock Exchange (MSX) general index (30) today gained (5.1) points, comprising a rise by (0.11%) to close at (4457.34) points, compared to the last session, which stood at (4452.25) points.

The trading value today stood at (RO 9,723,842) comprising a rise by (57.2%), compared to the last session, which stood at (RO 6,184,916).

The report released by MSX pointed out that the market value went up by (0.098%) to reach about (RO 27.77) billion.

The report added that the value of shares bought by non-Omani investors reached (RO 841,000), comprising (8.65%). The value of shares sold by non-Omani investors reached (RO 1,374,000), comprising (14.13%). The net non-Omani investment decreased by (5.48%) to (RO 533,000).

Youm7-


The Egyptian Exchange ended trading on Tuesday, the mid-week session, with a collective rise in indices, following a two-session decline driven by buying by Egyptian traders, while Arab and foreign traders tended to sell. Trading value reached EGP 3.8 billion, and market capitalization gained EGP 11 billion, closing at EGP 2.232 trillion.

The EGX 30 index rose 0.87% to close at 31,629 points, the EGX 30 Capped index rose 0.92% to close at 39,424 points, and the EGX 30 Total Return index jumped 0.87% to close at 14,173 points.

The EGX 70 Equal Weight Small and Medium Enterprises Index also rose by 0.39% to close at 9,295 points, the EGX 100 Equal Weight Index rose by 0.65% to close at 12,638 points, and the Sharia Index jumped by 0.67% to close at 3,243 points.

Company Name : Egyptian Satellites (NileSat)
ISIN Code : EGS48022C015
Currency : $
F/S Period : From 01/01/2025 To 31/03/2025
Net Profit : 14,752,436
F/S Period: From 01/01/2024 To 31/03/2024
Net Comparative Profit : 6,383,610
Audit Status : Reviewed
Source : Egyptian Satellites (NileSat)

Company Name : Egyptian Satellites (NileSat)
ISIN Code : EGS48022C015
Currency : $
F/S Period : From 01/01/2025 To 31/03/2025
Net Profit : 14,752,436
F/S Period: From 01/01/2024 To 31/03/2024
Net Comparative Profit : 6,383,610
Audit Status : Reviewed
Source : Egyptian Satellites (NileSat)

The Financial Statements in Arabic (9,763 KB)
The Financial Statements in English (12,291 KB)

(BNA)-


This week’s BD 100 million issue of Government Treasury Bills has been oversubscribed by 139%.



The bills, carrying a maturity of 12 months, are issued by the CBB, on behalf of the Kingdom of Bahrain.


The issue date of the bills is May 22, and the maturity date is May 21.


The weighted average rate of interest is 5.12% compared to 5.03% of the previous issue on April 17.


The approximate average price for the issue was 95.081% with the lowest accepted price being 94.823%.


This is issue No. 128 (ISIN BH0002SG78H4) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.

(BNA)-


Bahrain All Share Index has closed at 1,922.00 points, marking an increase of 0.16 points above the previous closing.



This increase was due to a rise in the financial sector.



Bahrain Islamic Index has closed at 810.66 points, marking an increase of 1.15 points above the previous closing.



Results indicated that 98 equity transactions took place with a volume of 1,572,764 worth BD 643,104.



Investors traded mainly in the financial sector, representing 52.28% of the total value of securities traded.

SPA-


The Islamic Development Bank (IsDB) announced today a new cooperation framework with the Republic of Algeria, which includes providing development financing exceeding $3 billion, allocated to implementing development projects in vital sectors over the next three years.
This came on the sidelines of the Islamic Development Bank Group's annual meetings, which began yesterday in Algiers and will continue until May 22 at the International Conference Center.
His Excellency Dr. Mohammed Al-Jasser, President of the IsDB Group, explained that the financing will be directed primarily towards railway development projects, contributing to linking economic zones and enhancing logistical integration within the country. He also emphasized that this cooperation reflects the Bank's commitment to supporting Algeria's development renaissance efforts and strengthens the strategic partnership between the two sides to achieve economic and social development aspirations.
It is worth noting that, through this financing program, the IsDB continues its pivotal role in enabling member countries to implement development projects that have a direct impact on improving the lives of communities and stimulating sustainable growth.

SPA-


His Excellency the Governor of the General Authority for Military Industries, Eng. Ahmed bin Abdulaziz Al-Ohali, today inaugurated BAE Systems Arabia for Industries, a qualitative step aimed at supporting the goals of Saudi Vision 2030 and enhancing the localization of domestic military spending. The ceremony was held at the company's new headquarters in the capital, Riyadh, and was attended by a number of officials and leaders in the defense industries sector. In his speech during the inauguration ceremony, His Excellency said: "The launch of BAE Systems Arabia for Industries represents a qualitative and advanced step towards enhancing local content and building national capabilities in the military industries sector." He noted that the launch of the company's operations comes within the framework of empowering the sector and unifying efforts aimed at localizing military spending and building an integrated system that combines training, capacity development, and supply chain management under one umbrella. He pointed out that the integration of national and international expertise into this unified entity reflects the confidence of major companies in the attractive investment environment provided by the Authority, in cooperation with its partners in the public and private sectors. This directly contributes to knowledge transfer and the enhancement of national competencies, in line with the goal of localizing military spending by more than 50% by 2030.
He affirmed the Authority's support for such qualitative initiatives that enhance local content and open up broad horizons for national and international companies to contribute to building a solid and sustainable military-industrial system. He explained that the integrated work undertaken by the Authority with its partners in the public and private sectors, and the efforts it is making to expand cooperation with major international and local companies, and to transfer and localize advanced technologies, aims to enable companies to contribute to the localization process.
During his tour of the company's facilities, Engineer Al-Ohali was briefed on the supply chain, capacity building, shared services, and workflow at the training academy. This strategic launch for BAE Systems Arabia for Industries comes as a result of the merger of two Saudi companies formerly known as BAE Systems Saudi Development and Training (SDT), which specializes in capacity building and provision, and the Saudi Supply Chain Management and Maintenance Company (SMSCMC), a leader in supply chain management and technical services.
For his part, Dr. Abdullatif Al Al-Sheikh, CEO of BAE Systems Arabia for Industries, emphasized that the company seeks to provide added value by focusing on localization, building competencies, and developing strategic partnerships, while adhering to the highest standards of operational excellence.
The launch of the new company comes at a time of accelerating development in the Saudi military industries sector. BAE Systems Arabia for Industries represents an effective model for integrating international expertise with national trends, and a direct investment in building a sustainable industrial future led by the sons and daughters of the nation.

The Saudi Stock Exchange's main index closed today with a rise of (32.90) points, closing at (11,438.18) points, with trading valued at (4.8) billion Saudi riyals.
The volume of traded shares - according to the Saudi Press Agency's daily economic bulletin for the Saudi Stock Exchange - reached (196) million shares, with (132) companies recording an increase in their value, while (106) companies closed with a decline.
The shares of MBC Group, GABSCO, Zamil Industrial, Gas, and Miahuna were the highest risers, while the shares of GO Telecom, SADAFCO, CHUB, Al Fakharia, and Al Baha were the lowest in trading, with the percentages of rise and fall ranging between (6.01%) and (4.55%).
The shares of Al Baha, Americana, BATIC, Saudi Aramco, and Alinma were the most active in terms of volume, while the shares of STC, Al Rajhi, Saudi Aramco, Al Ahli, and Ma'aden were the most active in terms of value. The Saudi Parallel Stock Index (Nomu) closed today with an increase of (28.91) points, closing at (27,528.56) points, with trading valued at (22) million Saudi riyals, and the volume of traded shares exceeding one million shares.

Business Today-


Feng Xingya, Chairman of Chinese automaker GAC Group, has announced the company's intention to invest $300 million to establish a car manufacturing plant in Egypt.

He stated that the project aims to meet local market demand and serve as a hub for exports, taking advantage of the strong support the Egyptian government—under the leadership of Prime Minister Dr. Mostafa Madbouly—provides to the automotive industry.

The announcement came during a meeting between Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), and Wang Weizhong, Governor of China’s Guangdong Province.

The meeting was attended by a delegation that included representatives from various governmental bodies in the province, as well as Chinese companies either already operating in Egypt or seeking to invest in its market—including Midea, Oppo, ZTE, and GAC.

Zhou Peng, CEO of ZTE Egypt, also expressed the company’s plans to expand its presence in the Egyptian market and localize Chinese technology. He emphasized the growing demand from Egyptian telecom service providers for advanced infrastructure development, which presents a major opportunity for ZTE.

Business Today-


The 2025 Global Human Development Report issued by the United Nations Development Programme (UNDP) highlights a positive trend in Egypt’s human development performance, with the country’s Human Development Index (HDI) rising from 0.751 in 2022 to 0.754 in 2023. This improvement reflects steady progress in Egypt’s developmental trajectory.

The report confirms Egypt’s classification among countries with “high human development,” maintaining the same category as the previous year. Globally, the average HDI also saw a slight increase from 0.752 in 2022 to 0.756 in 2023, marking a modest growth of 0.004 points.

Despite Egypt’s HDI remaining marginally below the global average of 0.756 and below the average of countries classified as “high human development” at 0.777, it clearly surpasses the averages of developing countries (0.712) and Arab countries (0.719). This indicates a relatively positive performance for Egypt within these regional and developmental contexts.

The report, titled “Human and Capabilities in the Age of Artificial Intelligence,” emphasizes the growing role of artificial intelligence in today’s world and raises critical questions about how this new digital transformation phase differs from previous ones. It also explores the potential impacts of these shifts on the future of human development globally.

Commenting on the findings, Dr. Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, said the progress in Egypt’s HDI ranking reflects the success of ongoing governmental efforts over recent years. These efforts have tangibly improved citizens’ quality of life across multiple sectors. She noted that despite the progress, the government continues to implement numerous programs and initiatives expected to further enhance human development indicators. Key among these are the National Project for Developing the Egyptian Family, the Comprehensive Health Insurance Program, women’s empowerment initiatives, and continuous advancements in the communications and information technology sector.

Dr. Al-Mashat also highlighted preparations for the upcoming 2025 Human Development Report for Egypt, describing it as a vital tool for providing an objective and realistic analysis of the country’s development. This national report will measure progress in education, health, living standards, and overall human development, while also offering policy recommendations — particularly critical given the complex, escalating global challenges that constrain financial resources in developing countries and affect their development efforts.

She underscored that the 2025 report, currently being prepared by independent entities in collaboration with UNDP, marks the thirteenth edition of Egypt’s national human development reports since their inception in 1994. The resumption of these reports in 2021, after a decade-long hiatus, demonstrates Egypt’s commitment to transparently sharing and evaluating its development experience with all national stakeholders and international partners.

Business Today-


Ideal Standard, a global leader in bathroom design and manufacturing, is participating in The Design Show, held at the Cairo International Convention Center in Nasr City from May 15 to 17, 2025. During the event, the company will showcase its renewed vision for comfort, beauty, and innovation through a collection of products and designs that reflect the latest interior design trends and respond to evolving architectural preferences and modern lifestyle needs.

This participation reflects Ideal Standard’s ongoing commitment to offering integrated solutions that seamlessly blend functionality with elegance—meeting the expectations of architects and consumers in both local and regional markets.

Ideal Standard is unveiling its latest collection, La Dolce Vita—a line inspired by the spirit of classic Italian design, reimagined with a modern perspective. This collection blends elegance with warmth, transforming the bathroom into a poetic space that truly reflects “the beauty of life.” Designed by renowned Italian designer Roberto Palomba, La Dolce Vita combines luxurious aesthetics with cutting-edge technologies such as RimLS+ for efficient and hygienic water flow, and FirmaFlow®, which ensures precise and smooth control of water temperature and flow, with a lifespan of over 500,000 usage cycles.

Business Today-


The Egyptian trade mission for the engineering industries sector has officially launched its activities in Dakar, the capital of Senegal, with high-level official participation. This comes as part of Egypt’s efforts to strengthen trade exchange with African countries, according to a statement from the Engineering Industries Export Council.

The council stated that the opening session was attended by Khaled Aref, Egypt’s Ambassador to Senegal, Commercial Minister Plenipotentiary Tamer Karim, Head of the Trade Representation Office in Dakar, along with Mai Helmy, Executive Director of the Engineering Industries Export Council, which organized the mission.
From the Senegalese side, the session was attended by Mbaye Chimere, Secretary-General of the Dakar Chamber of Commerce and Industry; Ambassador Babcar Sane, Assistant Minister of Foreign Affairs; Mamdou Lamine, Special Advisor to the Promotion and Investment Authority; and Ndiaga Niang, Project Manager at the Senegalese Electricity Company (Senelec).
The Egyptian mission includes nine leading companies in the engineering industries sector, representing diverse fields such as household appliances, electrical industries, automotive components, metal forming and processing (including smart storage and logistics solutions), as well as agricultural machinery.

The mission’s activities included key meetings with officials from the Ministries of Agriculture, Electricity, and Education, in addition to a meeting with the Director of the Senegalese Ports Authority. These meetings focused on exploring joint cooperation opportunities and opening new export channels for Egyptian engineering products.

Mai Helmy, Executive Director of the Engineering Industries Export Council, said that organizing this mission is part of the council’s plan to open new markets in Africa, specifically in West Africa, by enhancing trade relations with countries like Senegal, which is considered a promising market for Egyptian products.

Helmy added that the bilateral meetings held by the Egyptian companies with representatives of Senegalese ministries and institutions revealed great opportunities for cooperation in electricity, education, ports, and agriculture. She emphasized the importance of benefiting from the African Continental Free Trade Area agreement to facilitate the entry of Egyptian products and increase their competitiveness in African markets.

Business Today-


Data released by Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) on Monday revealed a significant rise in Egyptian exports to Lebanon, which reached $762.8 million in 2024, up 43.8% from $530.4 million in 2023. Meanwhile, Egyptian imports from Lebanon slightly decreased by 2.3%, totaling $237.7 million in 2024 compared to $243.4 million in 2023.

The total trade exchange between Egypt and Lebanon grew by 29.3%, reaching $1 billion in 2024, up from $774 million the previous year.

The top Egyptian export groups to Lebanon in 2024 included mineral fuels and oils ($215 million), iron and its products ($65 million), cement ($55 million), fruits and vegetables ($48 million), and sugar and sugar products ($41 million).

Conversely, major imports from Lebanon to Egypt were iron and its products ($118 million), fruits ($72 million), electrical machinery and equipment ($22 million), plastics ($4 million), and tanning and dyeing extracts ($4 million).

Lebanese investments in Egypt remained stable at $51.2 million during fiscal year 2023/2024, compared to $51.4 million in 2022/2023. Egyptian investments in Lebanon increased to $9.7 million in 2023/2024 from $7.9 million the previous year.

Remittances from Egyptians working in Lebanon totaled $42.9 million in 2023/2024, up from $38.1 million the year before. Meanwhile, remittances from Lebanese workers in Egypt slightly decreased to $3.5 million from $3.7 million.

Population figures show Egypt with 107.6 million residents in May 2025, while Lebanon’s population was 5.8 million during the same period. According to embassy estimates, about 11,300 Egyptians resided in Lebanon by the end of 2023.

Business Today-


Prime Minister, Mostafa Madbouly, inaugurated the new factory of “SI Wiring Systems Egypt,” a subsidiary of “Sumitomo Electric Systems Europe,” located in the 10th of Ramadan City. The facility was established with a total investment of €22 million.

Built on a 150,000-square-meter site, the factory will provide around 3,000 direct job opportunities and is considered one of the largest global facilities for manufacturing electrical wiring harnesses for vehicles.

Madbouly stated that

this factory is one of the largest in the world for producing electrical wiring systems. Spread over 150,000 square meters, it currently employs more than 12,000 Egyptian workers and exports products worth over €300 million annually.

He added that Egypt is now becoming a global hub for manufacturing automotive components, exporting to car factories worldwide.

The Prime Minister highlighted that the factory received the Golden License in September 2023, started construction in December, and reached full production by the end of 2024. Today, the facility is fully operational and currently employs over 2,000 workers, a number expected to exceed 3,000 by year-end.

He also noted the factory includes a dedicated training center to prepare Egyptian youth for work in this specialized field, creating significant employment opportunities. Women now represent over 40% of the workforce.

Madbouly stressed the importance of streamlining procedures, providing infrastructure, and issuing Golden Licenses. He praised serious investors like Sumitomo, stating that the factory’s construction and launch were completed in just one year—a model that has been successfully replicated with several other global companies.

Business Today-


Egypt’s economy is on track for a gradual recovery, with real GDP growth projected to reach 4.3% in the current fiscal year (FY2024/2025), up from 2.4% in FY2023/2024, according to the Central Bank of Egypt (CBE).

The forecast, released Monday in the bank’s Monetary Policy Report, points to a rebound after two years of sluggish activity.

“Real GDP growth is projected to register 4.3% and 4.8% in FYs 2024/2025 and 2025/2026, respectively, gradually recovering from the subdued spell of economic activity during the past two fiscal years,” the report stated.

The report attributes the turnaround to a revitalized manufacturing sector, supported by improved foreign exchange conditions. The unification of exchange rates has eased access to raw materials and intermediate goods, helping revive industrial output and production lines.

The extractives sector is also poised to play a greater role in the recovery, as recent discoveries in onshore and offshore oil and gas fields are expected to enhance national output.

In line with the improving economic outlook, the CBE anticipates continued recovery in FY2025/2026, with GDP growth forecast at 4.8%. Though still below potential, the report noted that the economy is expected to steadily close the output gap over the medium term.

The report also revealed a significant deceleration in inflation.

“On the domestic front, inflation rates have been on a downward path after peaking in Q3 2023. Annual headline inflation declined sharply to 16.5% in Q1 2025, from 25.4% in Q4 2024, and 33.0% in Q1 2024.”

A major contributor to this decline is a steep drop in food inflation, which fell from 45.0% in March 2024 to 6.6% in March 2025. Non-food inflation showed more modest improvement, easing from 25.7% to 18.9% over the same period.

“Nevertheless, the decline in headline inflation reflects the cumulative impact of monetary tightening and easing supply disruptions, in addition to a favorable base effect.”

Looking ahead, the disinflation trend is expected to continue, though at a slower pace.

“Inflation is expected to continue declining throughout the remainder of 2025 and 2026, albeit at a slower pace compared to the significant decline witnessed in Q1 2025. The slower disinflation path is partially due to the fiscal drag impact, stemming from implemented and planned fiscal consolidation measures across the forecast horizon, in addition to the relative persistence of non-food inflation. As such, inflation is forecasted to converge towards the CBE target band by Q4 2026.”

To anchor inflation expectations, the CBE has pursued an active monetary policy. After raising interest rates by 6% in March 2024 as part of sweeping corrective measures—including the introduction of a fourth wave of local currency pricing—the central bank began easing in April, cutting rates by 2.25%.

The next meeting of the Monetary Policy Committee is scheduled for Thursday, where it will reassess interest rates in light of both domestic and global developments.

The report also noted a cooling in broad money (M2) growth. After reaching 28.7% at the end of FY2023/2024, M2 growth is projected to slow to 23.2% by June 2025 and ease further to 22.8% by June 2026.

Meanwhile, foreign direct investment is showing signs of recovery.

“Net FDI into Egypt dropped by approximately 45% on average between Q1 2022 and Q1 2023. However, net FDI has witnessed a resurgence during 2024, primarily driven by the landmark $35 bn Ras El-Hikma deal, which enhanced investors’ confidence in the domestic economy.”

Still, the report flagged ongoing risks to the investment climate.

“Despite this rebound, the future outlook remains uncertain, primarily due to ongoing policy uncertainties. Trade tensions, in particular, continue to pose significant risks which may adversely influence investor sentiment and the broader economic environment.”

Business Today-


Representatives of the European Parliament and EU member state governments have reached a provisional agreement to provide Egypt with loans totaling €4 billion (approximately $4.5 billion), aimed at supporting the country’s economy and deepening bilateral cooperation within a broader strategic partnership framework.

In a statement issued Monday evening, the European Parliament announced:

"Representatives of the Parliament and the Polish Presidency of the Council of the EU have reached a provisional deal to offer macro-financial assistance to Egypt to support its economy."

The statement noted that a short-term loan of up to €1 billion was already disbursed at the end of 2024.

An additional loan of up to €4 billion will now be released, according to the German Press Agency (DPA). Egypt will benefit from an extended repayment period of up to 35 years.

According to EU capitals, the funds will be disbursed in multiple installments and will be subject to the fulfillment of specific requirements.

The agreement is still pending final formal approval. These loans are part of the strategic partnership agreement signed between the European Union and Egypt in March 2024.

This move comes amid a rise in refugee numbers and the EU's efforts to strengthen ties with Egypt through closer cooperation, particularly to curb irregular migration and bolster economic and political relations.

Business Today-


Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, announced that Egypt has invested $553 billion over the past ten years to upgrade its infrastructure, including roads, ports, airports, and the development of new cities.

Speaking at the Arab-German Economic Forum held in Berlin, El-Khatib delivered a comprehensive address outlining Egypt’s economic vision, the reform measures undertaken over the past decade, and opportunities for strengthening economic partnerships with Germany and other European nations.

“We expanded the inhabited area of Egypt from just 6% to approximately 12% of the country’s land, by constructing 24 new cities,” the minister stated, highlighting the government’s effort to close a long-standing investment gap.

He pointed out that Egypt’s development journey has brought two major challenges to light: the growing dominance of the state in the economy versus the declining share of private sector investments—which dropped from 75% to 24%—and the rising debt-to-GDP ratio.

El-Khatib emphasized a major policy shift, noting that for the first time in four decades, Egypt has adopted a sound monetary policy focused on targeting inflation rather than simply managing the exchange rate.

He explained that the March 6 decision to float the Egyptian pound was part of this new approach, and signs of economic recovery are already becoming clear—encouraging renewed investor interest.

The minister also reviewed Egypt’s recent financial and tax reforms, stating that while the official corporate tax rate stands at 22.5%, the actual burden is higher due to fees imposed by multiple authorities.

“We conducted a thorough audit and found that around 96 different entities levy fees. We are currently working to consolidate them into a single unified charge to ease the real tax burden on investors. President Abdel Fattah El-Sisi has approved this proposal, and we are preparing to implement it soon,” he said.

El-Khatib added that the Ministry of Finance has submitted over 40 proposals to parliament aimed at improving the relationship between the Tax Authority and taxpayers—fostering a new era of trust and transparency.

Expressing optimism about Egypt’s economic outlook, El-Khatib stressed that the government is leaving no stone unturned. “We have a comprehensive plan to address every challenge, backed by a strong political will to push forward with bold, deep-rooted reforms that firmly position Egypt on the global investment map.”

Business Today-


Egypt’s Customs Authority has released goods worth approximately $27.2 billion from the beginning of 2025 until mid-May, according to Sherif El-Kilany, Deputy Minister of Finance for Tax Policies.

El-Kilany made the announcement during a meeting by Prime Minister Mostafa Madbouly, attended by Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, and Ahmed Kouchouk, Minister of Finance. He noted that the released goods included $11 billion worth of production inputs and raw materials, and $6.8 billion worth of strategic goods.

During the meeting, the Prime Minister reviewed the progress of the reform plan for the Advance Cargo Information (ACI) system, following coordination efforts with relevant authorities. El-Kilany explained that the total value of goods released—including petroleum products—from January 2024 to mid-May 2025 amounted to $105.3 billion.

This figure includes $43.5 billion worth of production inputs and raw materials, in addition to $26.4 billion worth of strategic goods.

Kamel El-Wazir emphasized the importance of the ongoing development of the customs system and reducing the time required for customs clearance, particularly for essential production inputs. These improvements are vital for boosting productivity and manufacturing activity across various sectors.

He also underscored the ministry’s commitment to cooperation with all relevant entities regarding the implementation and further development of the ACI system and the customs

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(WAM)-


The UAE is solidifying its position as a global industrial hub powered by comprehensive digital transformation and the adoption of artificial intelligence across various manufacturing sectors, according to Ahmed Al Khoori, Senior Vice President of Strategy and Excellence at EDGE.

Speaking on the sidelines of the “Make it in the Emirates 2025”, Al Khoori said the UAE is building a next-generation manufacturing ecosystem based on Fourth Industrial Revolution technologies, aliging with the National Strategy for Industry and Advanced Technology, known as the “300 Billion Project”.

He noted that EDGE is implementing AI in product design, supply chain optimisation, and operational efficiency. He explained that the group's technology transformation programme has accelerated the integration of smart manufacturing tools, increased production agility, and fostered strategic partnerships with local firms while localising supply chains.

AI, he emphasised, has become a core enabler of the industrial landscape—powering predictive maintenance, autonomous systems, simulation, and design analytics, all of which are enhancing the UAE’s competitiveness in high-value sectors.

EDGE is also advancing the country’s strategic priorities by developing cutting-edge defence, aerospace, aviation, and manufacturing systems. Al Khoori highlighted recent projects, including the FA-400 offshore patrol vessel—developed by young Emirati engineers—and the “JEER” unmanned compact aerial vehicle, as examples of world-class innovation led by national talent.

He added that many of the group’s defence technologies are adaptable for civilian sectors such as energy, transport, and smart manufacturing, boosting R&D investment and supporting economic diversification.

On national talent development, Al Khoori stressed that Emirati engineers are directly involved in designing, developing, and testing advanced systems. The group offers specialised training programmes in critical areas like geospatial intelligence and autonomous systems.

At this year’s “Make it in the Emirates”, EDGE is showcasing upgrades to its smart factories, announcing new industrial partnerships, and unveiling innovative production lines.

(WAM)-


Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure, represented the UAE at the BRICS Energy Ministerial Meeting, hosted under the Brazilian Chairmanship in the capital city Brasيlia.

Addressing representatives of BRICS members and partners, Al Olama said, “We are living through a defining moment in the global energy transition. The world is confronting a dual challenge: to ensure secure and affordable energy access for all, while dramatically reducing emissions to meet climate goals. For the UAE, this is not a dilemma, but an opportunity to drive transformation through innovation, collaboration, and decisive action.”

He added, “The UAE has made energy access a national achievement. Today, we are proud to have 100 percent access to electricity, clean cooking solutions, and affordable heating and cooling services. We rank first globally in key energy access and affordability indicators.

"However, we recognise that our work is not complete until this becomes the reality for everyone. That’s why we are investing in renewable energy projects in over 70 countries, especially in Africa, the Caribbean, and small island developing states. We are committed to sharing our models on energy financing, public-private partnerships, and technology deployment to support energy justice globally.”

In addition, Al Olama invited BRICS nations and partners to join the Global Energy Efficiency Alliance, which the UAE founded to reduce carbon intensity by advancing efficiency standards, fostering knowledge exchange, and supporting joint capacity-building. Through this alliance, BRICS members can play a vital role in accelerating global energy savings and advancing the collective decarbonisation journey.

Moreover, he pointed out that the UAE is interconnected with other GCC states through the Gulf Cooperation Council Interconnection Authority (GCCIA), enhancing regional grid stability and energy security. The UAE actively pursues both bilateral and multilateral partnerships to deepen regional and global energy integration.

A prominent example is the UAE’s collaboration with India, which includes efforts to establish a direct power interconnection and joint participation in the India-Middle East-Europe Economic Corridor (IMEC). This strategic corridor aims to bolster economic cooperation, accelerate clean energy deployment, and improve connectivity between Asia, the Middle East, and Europe.

Through these initiatives, the UAE is reinforcing its commitment to cross-border energy trade, decarbonisation, and global energy security.

At the meeting, the Brazilian Presidency presented BRICS Energy Research Cooperation Platform (ERCP) Report, which focuses on ensuring access to affordable, reliable, and modern energy, especially for underserved communities, and the Roadmap for BRICS Energy Cooperation for 2025-2030, which provides a strategic vision for advancing cooperation in clean energy, sustainable fuels, grid interconnection, and innovation.

(WAM)-


Dr. Saleh Alhashmi, Director of the Commercial and In-Country Value Directorate at ADNOC, highlighted that ADNOC is a key supporter of the “Make it in the Emirates” initiative through its programme to boost national content in the industrial sector, a fundamental pillar of the company’s strategy to localise industry and strengthen the resilience of the national economy.

Alhashmi told the Emirates News Agency (WAM), on the sidelines of the "Make it in the Emirates", that ADNOC, in collaboration with strategic entities and private sector companies, is helping to unlock new opportunities for local industries and lay the foundations for a prosperous and sustainable economy, thereby reinforcing the UAE’s position as a competitive industrial hub regionally and globally.

He noted that the fourth edition of Make it in the Emirates provides a vital platform to explore investment opportunities, forge strategic partnerships and engage in interactive discussions aligned with the aspirations of the industrial sector, which is the largest non-oil contributor to Abu Dhabi’s GDP.

Alhashmi added that ADNOC, through its participation in the event, is focusing on showcasing its plans to procure locally manufactured products, its strategic partnerships, and its ongoing commitment to supporting the initiative’s objectives. These efforts support the acceleration of economic diversification and the reinforcement of the national industrial base.

He noted that ADNOC is targeting the procurement of locally manufacturable products worth up to AED90 billion by 2030, in a move to boost opportunities for manufacturers, empower entrepreneurs, and build a robust and sustainable industrial sector.

Dr. Alhashmi expressed ADNOC’s pride in its strategic partnership with the Ministry of Industry and Advanced Technology in supporting the Make it in the Emirates initiative through the In-Country Value (ICV) programme. Since its launch in 2018, the programme has redirected AED242 billion into the local economy and generated more than 17,000 job opportunities for Emiratis in the private sector.

He noted that, through the enhanced version of the programme, ADNOC aims to redirect up to AED200 billion to the national economy over the next five years, thereby supporting strategic projects and strengthening the resilience of the industrial base.