SPA-


Saudi Aramco and Petroliam Nasional Berhad (Petronas) announced today the signing of an agreement to transfer Saudi Aramco’s shares in Pengerang Refining Sdn Bhd and Pengerang Petrochemical Company Sdn Bhd (collectively, “PREFChem”), located in the Pengerang Integrated Complex in Pengerang, Johor, Malaysia, to Petronas.

The transfer is subject to customary closing conditions, and will make PREFChem a wholly owned and operated subsidiary of the Petronas Group.

Petronas’ full ownership of PREFChem will enhance operational compatibility and resilience across its value chain, while leveraging its international supply chain and integrated operating model to support continued reliability in a dynamic market environment. This transaction supports Saudi Aramco’s efforts to develop its refining, chemicals, and marketing portfolio, providing the company with greater flexibility to pursue investments aligned with its strategy in this sector.

The transaction was concluded on mutually agreed terms, reflecting the evolving strategic priorities of both parties. Saudi Aramco and Petronas will work closely together to explore post-transfer commercial arrangements, including coordinating crude oil supplies, sharing technology, and integrating product distribution, building on their decades-long partnership.

Saudi Aramco and Petronas will continue to focus on achieving operational excellence and delivering sustainable value to their shareholders and the communities they serve.

Business Today-


Elsewedy Electric plans to expand into Egypt’s automotive manufacturing sector in the coming period by locally producing new vehicles in partnership with global manufacturers.

The production capacity of the Ezz–Elsewedy factory is set to reach around 80,000 new vehicles, a move expected to meet local demand and increase export volumes, with investments estimated at billions of Egyptian pounds, according to a government statement.

Prime Minister Mostafa Madbouly met on Sunday with Ahmed El Sewedy, CEO and Managing Director of Elsewedy Electric, to discuss the company’s business plans, expansion strategy, and investments across various sectors.

The meeting reviewed the status of several projects currently being implemented by the company, including projects in Borg El Arab, Upper Egypt, and planned investments in new industrial zones.

Madbouly reaffirmed the government’s support for the industrial sector, describing it as one of the key pillars of the economy and a main driver for achieving economic targets. He also highlighted the sector’s developmental and social role, as well as the state’s efforts to localize several vital industries to meet domestic demand and expand access to global export markets, strengthening the competitiveness of Egyptian products.

During the meeting, El Sewedy reviewed a number of industrial and investment projects being implemented by the company across multiple sectors. He also outlined the company’s future plans, which include expanding into several industries and injecting further investments, particularly in the automotive sector in general and electric vehicles in particular.

He also discussed ongoing cooperation with the General Authority for the Golden Triangle Economic Zone, noting current efforts to attract more industrial investors to the promising area.

El Sewedy requested an increase in the land allocated to the company in the Golden Triangle zone, in light of its investments in infrastructure and the expected interest from industrial investors.

Business Today-


Egypt’s Minister of Foreign Affairs, Emigration and Egyptian Expatriates, Badr Abdelatty, received Mauritania’s Minister of Foreign Affairs, African Cooperation and Mauritanians Abroad Mohamed Salem Ould Merzoug on Sunday for talks on strengthening bilateral relations and exchanging views on regional developments.

Egypt and Mauritania agreed on the need to advance cooperation across key sectors, particularly economic and investment fields, in line with the aspirations of both peoples.

The two sides highlighted energy, mining, fisheries and logistics as priority areas for cooperation. They also stressed the strategic importance of holding regular meetings of the joint committee and building on the success of the first Egyptian-Mauritanian Economic Forum to achieve a qualitative leap in trade exchange.

Both ministers expressed their hope that Cairo will soon host the third session of the joint committee.

During the meeting, Abdelatty conveyed President Abdel Fattah El-Sisi’s greetings to Mauritanian President Mohamed Ould Cheikh El Ghazouani, reaffirming the deep fraternal ties between the two countries and Egypt’s keenness to advance bilateral cooperation across various fields.

For his part, the Mauritanian minister conveyed President Ghazouani’s greetings to President El-Sisi and delivered a written message addressed to the Egyptian president.

He also praised the distinguished level of bilateral relations, as well as the ongoing coordination and mutual support between the two countries in diplomatic and regional forums.

Business Today-


Egypt’s Ministry of Finance announced that the state budget’s primary surplus rose to EGP 897 billion, equivalent to 4.2% of GDP, during the period from July to April of FY2025/26, compared to EGP 536 billion, or 3% of GDP, during the same period of the previous fiscal year.

In a report released on Sunday, the ministry said the overall budget deficit recorded EGP 1.124 trillion, equivalent to 5.3% of GDP, compared to EGP 1.122 trillion, or 6.2% of GDP, during the same period a year earlier.

The ministry attributed the improvement to a significant 29.3% increase in tax revenues, which reached EGP 2.208 trillion, compared to EGP 1.708 trillion in the same period last year. This growth was driven by higher collections across most tax categories, supported by improved relations with the business community, continued gains from tax reform packages, and stronger revenues from income taxes and commercial and industrial activity taxes.

The ministry added that tax facilitation measures for small and medium-sized enterprises, amendments to the VAT law, and the automation of tax systems helped improve tax administration, expand the tax base, and increase collections.

Public spending was also kept under control during the period, supported by efforts to improve debt management, diversify financing sources, reduce reliance on the Treasury Single Account, and remain within legal limits. The ministry also highlighted the government’s commitment to capping investment spending at EGP 1.2 trillion for the current fiscal year.

Total public revenues increased by 34.7%, or EGP 686.7 billion, over the 10-month period to reach EGP 2.663 trillion, compared to EGP 1.976 trillion a year earlier. Tax revenues accounted for 82.9% of total revenues, while non-tax revenues contributed 17.1%.

Meanwhile, total public expenditures rose by EGP 652.8 billion, or 21.2%, to record EGP 3.733 trillion during the 10 months, compared to EGP 3.080 trillion in the same period of the previous fiscal year.

Business Today-


The Egyptian government plans to fully clear outstanding dues owed to foreign oil companies operating in the local market by June 10, earlier than previously scheduled, Minister of Petroleum and Mineral Resources Karim Badawi said.

During a meeting with Prime Minister Mostafa Madbouly, Badawi said foreign partners’ dues had fallen from $6.1 billion on June 30, 2024, to $1.3 billion in March, then to $714 million in April, reaching $440 million in May.

Badawi added that the government is set to complete the settlement of all outstanding payments and bring dues down to zero by June 10, 2026, ahead of the earlier target date of June 30.

The minister also highlighted the start of drilling operations for a new well at the Nargis natural gas field in the Mediterranean. He said the project would help increase Egypt’s local natural gas production and reduce the import bill, supporting the country’s energy security.

Badawi added that Shell and Chevron have announced plans to drill a new well named VeloX in the West Mediterranean. This comes alongside recent memoranda of understanding signed at the Cabinet headquarters between EGAS and TotalEnergies to establish a strategic partnership to explore petroleum potential in an offshore area in the West Mediterranean.

During the meeting, the petroleum minister reviewed updates on seismic survey activities carried out between January and May, covering more than 5,600 kilometers and around 100,000 square kilometers.

Badawi also reviewed several new discoveries, including a discovery by Agiba Petroleum in the Western Desert. The company made a new gas and crude oil discovery through the Bustan South-1 exploratory well, marking its largest discovery in the past 15 years.

The new discovery is expected to provide around 330 billion cubic feet of natural gas, in addition to nearly 10 million barrels of condensates and crude oil, with total reserves estimated at around 70 million barrels of oil equivalent.

The meeting also discussed ongoing preparations for the Egypt Mining Forum, scheduled to take place at the end of September.

Business Today-


The Central Bank of Egypt (CBE) announced new amendments to the state-backed tourism support initiative after the Cabinet approved changes aimed at boosting investment and operational capacity in the tourism sector.

In a circular addressed to local banks, the CBE said the remaining funds under the initiative, which carries a total financing allocation of EGP 50 billion backed by the Ministry of Finance, can now be used to finance all pending requests registered on the central bank’s system that have not yet been activated by banks.

The activation process must be completed by the end of June 2026.

Under the revised rules, the maximum financing limit for a single client was set at EGP 2 billion, depending on the company’s business size and banking regulations, while maintaining the initiative’s total financing cap.

The amendments also allow the financing ceiling for a client and related parties to increase to EGP 4 billion, subject to joint approval from the ministers of finance and tourism and antiquities, without exceeding the initiative’s overall EGP 50 billion limit.

The central bank stressed the importance of banks adhering to all regulatory guidelines governing the initiative, as part of efforts to support tourism companies, stimulate investment, and strengthen growth and operational activity across the sector.

Business Today-

The index for manufacturing and extractive industries, excluding crude oil and petroleum products, reached 128.14 in March 2026, compared to 120.21 in February 2026, marking a 6.6% increase, according to a data released by the Central Agency for Public Mobilization (CAPMAS).

The food products industry index recorded 181.21 in March 2026, up from 149.08 in February 2026, reflecting a 21.55% increase, driven by higher production during seasonal and holiday periods.

Meanwhile, the chemicals and chemical products industry index rose to 119.38 in March 2026, compared to 101.89 in February 2026, posting a 17.17% increase as production expanded to meet market demand.

On the other hand, the tobacco products industry index declined to 130.34 in March 2026, compared to 147.87 in February 2026, marking an 11.86% decrease, in line with market needs.

The electrical equipment industry index also fell to 77.95 in March 2026, down from 81.81 in February 2026, recording a 4.72% decline, also reflecting market demand conditions.

Business Today-


The Central Bank of Egypt (CBE) denied reports circulating about plans to issue a new EGP 10,000 banknote, confirming that no decisions have been made regarding the launch of such a denomination.

In a statement published by the Cabinet Information and Decision Support Center (IDSC), the CBE said that there are currently no plans or studies related to introducing new paper or polymer currency denominations beyond those already in circulation in the Egyptian market.

The bank clarified that the EGP 200 note remains the highest paper currency denomination currently circulating in Egypt.

Existing paper banknotes include EGP 1, 5, 10, 20, 50, 100, and 200 denominations, while polymer banknotes are available in EGP 10 and EGP 20 denominations.

According to the statement, all circulating banknotes maintain full legal tender status and are valid for the payment of goods and services.

The IDSC urged citizens not to be misled by inaccurate information aimed at stirring public opinion and called on the public to rely on official sources for verified information.

Business Today-


Egypt’s Islamic banking sector reached EGP1.629 trillion by the end of March 2026, recording an annual growth rate of 26% compared with the same period in 2025, according to Mohamed El-Beltagy, Chairman of the Egyptian Association for Islamic Finance.

El-Beltagy said the Egyptian banking sector currently includes 14 banks licensed by the Central Bank of Egypt to offer Islamic banking products, including four fully-fledged Islamic banks: Faisal Islamic Bank of Egypt, Al Baraka Bank Egypt, Abu Dhabi Islamic Bank – Egypt, and Kuwait Finance House. Another 10 banks operate Islamic branches alongside their conventional banking services.

He added that Islamic banking assets in Egypt climbed to around EGP1.363 trillion by the end of March 2026, representing about 5.2% of Egypt’s total banking sector assets. The figure marks an increase of EGP280 billion year-on-year, also reflecting 26% growth.

The Egyptian Association for Islamic Finance also revealed that the Central Bank of Egypt issued sukuk worth EGP33 billion on behalf of the Ministry of Finance during 2025 and 2026 for subscription by Islamic banks, as part of liquidity management tools similar to treasury bills.
Total sukuk issuances in the Egyptian market reached approximately EGP237 billion by the end of March 2026, including both sovereign and corporate sukuk.

According to El-Beltagy, Egypt issued nine corporate sukuk offerings worth a combined EGP33.6 billion by the end of 2025 following the introduction of the Corporate Sukuk Law and its executive regulations in late 2018. More than five additional issuances are currently under review, alongside preparations for new offerings by major industrial and financial companies.

He also noted that Egypt launched its first sovereign sukuk in February 2023, valued at $1.5 billion under an Ijara structure, followed by a $1 billion issuance in April 2025 and another $1.5 billion issuance, bringing the total equivalent value to nearly EGP200 billion.

In addition, a local currency sovereign sukuk worth EGP3 billion was issued by the Central Bank of Egypt on behalf of the Ministry of Finance to support state budget financing programs.
El-Beltagy said Egypt’s Islamic finance ecosystem currently includes 17 Shariah-compliant investment funds, seven takaful insurance companies, and two mortgage finance firms operating under Islamic finance principles.

He added that around 10 companies operating in microfinance, consumer finance, and SME financing are currently offering Shariah-compliant products, noting that the size of non-banking Islamic financial activities — excluding sukuk — is estimated at around EGP33 billion, though the figure remains under review.

Business Today-


Egypt has successfully renewed its access to international markets despite ongoing geopolitical volatility, issuing $1 billion in social and development bonds for the first time in the Middle East and North Africa since the start of the Iran war.

The move reflects the government’s efforts to diversify its financing instruments and broaden its investor base.

The Ministry of Finance said the new eight-year issuance carried a yield of 7.6% and received strong confidence from international investors, with total orders exceeding the targeted subscription size by five times.

The proceeds from the issuance will support the expansion of development financing, particularly for projects aimed at improving healthcare and education services for citizens, while also strengthening investment in human capital.

The ministry added that Egypt is repaying more than it borrows, ensuring a reduction in the external debt balance of budgetary authorities. It noted that the government aims to reduce the external debt of budgetary authorities by around $1 billion to $2 billion annually.

The ministry also said that Egypt’s proactive approach to geopolitical tensions and global challenges has helped strengthen investor confidence and attract demand for Egyptian issuances, adding that securing external development financing in a sustainable manner supports investor trust.

Business Today-


Egypt’s Ministry of Petroleum and Mineral Resources has signed a memorandum of understanding with ExxonMobil and QatarEnergy to cooperate on maximizing the use of Egypt’s natural gas infrastructure and studying the possibility of linking it to gas discoveries in Cyprus.

The MoU aims to strengthen cooperation between Egypt and the two companies, building on Egypt’s position as a regional energy hub. It also seeks to make use of Egypt’s advanced gas infrastructure, particularly its natural gas liquefaction plants and re-export facilities, while studying the potential connection to Cypriot gas discoveries.

The agreement is expected to help maximize the economic value of gas resources and support regional integration in the energy sector.

The MoU also includes establishing a commercial framework to achieve the highest possible value from natural gas resources in both Egypt and Cyprus. This would further strengthen Egypt’s role as a key hub for energy trade and circulation in the Eastern Mediterranean, while creating shared economic benefits for all parties.

The agreement comes as part of Egypt’s efforts to reinforce its position as a regional hub for natural gas trade in the Mediterranean region.

Prime Minister Mostafa Madbouly said cooperation with major international companies in the gas sector comes within the state’s broader strategy to maximize the economic value of Egypt’s existing assets and capabilities.

He added that Egypt’s natural gas infrastructure represents an important competitive advantage, enabling the country to receive production from Cypriot discoveries and re-export it through Egypt, strengthening its role as a regional energy hub in the Eastern Mediterranean and the wider region.

Minister of Petroleum and Mineral Resources Karim Badawi said the ministry has been working with ExxonMobil during the past period to explore cooperation mechanisms that would allow the company’s gas discoveries in Cyprus to be utilized through Egypt’s infrastructure, turning these discoveries into added economic value for all parties.

Badawi noted that ExxonMobil and its partner QatarEnergy operate in both Egypt and Cyprus, which supports opportunities to increase investments in Egypt in light of the success of the regional integration model.

He added that the MoU represents a new practical step toward studying the connection of ExxonMobil’s discoveries in Cyprus to Egypt. This follows successful cooperation with Eni, Total, Chevron, and Shell to link the Cronos and Aphrodite fields to Egypt’s infrastructure.

This reflects Egypt’s openness to further partnerships with Cyprus and international companies operating in both countries, with the aim of connecting Cypriot gas discoveries to Egypt’s liquefaction plants and re-exporting them to global markets, or maximizing their use locally.

Badawi said the cooperation will create mutual benefits for all parties. It will help Cyprus and its partners accelerate the development of gas discoveries and reduce production costs, while allowing Egypt to generate economic returns from the use of its infrastructure, whether through re-export or by using incoming gas volumes to expand value-added industries.

He pointed out that Egypt has a large industrial market, particularly in sectors such as petrochemicals and fertilizers.

Business Today-


Egypt is set to receive the remaining €3 billion from the European Union’s Macro-Financial Assistance package in two tranches during 2026, Finance Minister Ahmed Kouchouk said.

Kouchouk added that Egypt has already received the first €1 billion tranche from the EU’s total €4 billion financing package, which falls under the comprehensive strategic partnership signed between Egypt and the EU in March 2024.

The expected EU financing will support Egypt’s efforts to strengthen macroeconomic stability and improve the investment climate.

The minister also noted that Egypt completed the fifth and sixth reviews of its program with the International Monetary Fund in February 2026, while work is currently underway to finalize the seventh review.

Kouchouk’s remarks came in the financial statement submitted to the House of Representatives, chaired by Counselor Hesham Badawy, for fiscal year 2026/2027.

Kouchouk said Egypt continues to receive broad support from major international financial institutions, including the World Bank, the African Development Bank, the Asian Infrastructure Investment Bank, and the Japan International Cooperation Agency. This support, he added, helps Egypt secure concessional financing and reduce funding costs.

Business Today-


President Abdel Fattah El-Sisi has issued a new presidential decree approving a concessional loan agreement between the Egyptian government and the Export-Import Bank of China worth $200 million.

The loan will be used to finance the third phase of the 10th of Ramadan City railway project, according to a presidential decree published today in the Official Gazette.

Under the terms of the agreement, the loan will be repaid to the Export-Import Bank of China in Chinese yuan, with an annual interest rate of 2%. The loan has a 20-year maturity, including a 60-month grace period.

The Export-Import Bank of China is a state-owned Chinese bank that primarily supports foreign trade, investment, and infrastructure projects, as part of China’s broader backing for the Belt and Road Initiative worldwide.

Business Today-


Egypt’s Ministry of Petroleum and Mineral Resources announced that Agiba Petroleum Company, a joint venture between the Egyptian General Petroleum Corporation and Italy’s Eni, has made a significant new discovery in the Western Desert, the company’s largest in 15 years.

The discovery was made through the Badran South 1X exploratory well, drilled by Egyptian Drilling Company’s EDC 9 rig. Preliminary estimates indicate reserves of around 330 billion cubic feet of gas, along with 10 million barrels of condensates and crude oil, bringing total reserves to nearly 70 million barrels of oil equivalent.

The discovery is particularly important as it is located just 10 kilometers from existing facilities and infrastructure, allowing for rapid development and a faster connection to production.

The well revealed several sandstone and limestone reservoirs, with a net productive thickness of 400 feet, highlighting the discovery’s strong economic and production potential.

The ministry said the new discovery reflects the success of its efforts and incentives offered to partners to intensify exploration activities in areas near existing fields.

This approach helps identify new discoveries close to current infrastructure and production facilities, reducing the need for new infrastructure, lowering production costs per barrel, accelerating the development of new discoveries, and encouraging partners to apply the latest data collection and analysis technologies to improve exploration success rates.

Business Today-


Egypt’s Minister of Supply and Internal Trade, Sherif Farouk, met on Thursday with Alexey Gribanov, Chairman of Demetra Holding, one of Russia’s largest companies specializing in grain trading and logistics, to discuss opportunities for establishing a regional logistics hub for grain trade and storage at Egyptian ports.

During the meeting, Farouk and Gribanov discussed ways to strengthen cooperation between Egypt and Demetra Holding by expanding beyond Russian wheat supply contracts into strategic investment partnerships.

The move aims to support the stability of Egypt’s strategic supply chains and enhance the country’s efforts to build a secure and sustainable reserve of essential commodities.

The two sides also discussed mechanisms to develop the proposed logistics hub into an integrated regional center, with a role extending beyond storage and re-export activities to include value-added grain projects such as flour milling, pasta production, and other food products, in addition to edible oil and animal feed manufacturing projects.

The meeting also touched on the exchange of technical and technological expertise related to grain cultivation, storage, and handling, while benefiting from Russia’s experience in digitizing and managing the grain logistics sector.

The two sides also reviewed opportunities for joint investment in silos, collection centers, and strategic storage facilities in Egypt.

The meeting took place on the sidelines of the 5th Russian Grain Forum, held in Sochi from May 20 to 23, 2026, under the theme: “The Grain Sector in the Age of Artificial Intelligence: Productivity, Technology, and Export.”

Business Today-


The government aims to complete the temporary listing of four new companies on the Egyptian Exchange during the first half of June, according to Hashem El-Sayed, CEO of the State-Owned Companies Unit.

El-Sayed said during a meeting with Prime Minister Mostafa Madbouly that the unit made tangible progress during the first quarter of 2026. This included preparing lists of companies targeted for transfer to The Sovereign Fund of Egypt, as well as other national companies and funds, in addition to identifying a number of companies eligible for listing on the Egyptian Exchange from holding companies affiliated with the public business sector and some petroleum sector companies.

“Following the successful temporary listing of six companies last March, and 10 companies by the end of April, we are working to list four additional companies during the first half of June,” El-Sayed said. He added that this comes alongside ongoing coordination with relevant authorities to accelerate the completion of listing procedures for around 10 petroleum sector companies during June.

These steps come as part of the state’s plan to maximize the value of its owned assets and encourage greater private sector participation, El-Sayed noted.

He added that the State-Owned Companies Unit exceeded a number of targeted timelines during the first quarter, particularly in preparing and drafting the regulatory and legislative frameworks governing the management of state-owned companies.

The unit also prepared an integrated package of policies and procedures, including providing technical input on updating the State Ownership Policy Document, setting unified standards for classifying government-owned companies and mechanisms for handling them, and drafting governance rules for selecting state representatives on company boards.

The unit also worked on identifying companies of national and strategic importance, in a move aimed at improving the efficiency of public asset management while maintaining a balance between economic and social considerations.

(WAM)-


Elevate World, the UAE-based global travel and tourism company, will organise a virtual tourism summit from 2nd to 4th June, 2026, with the participation of more than 250 senior industry leaders, partners, hotels, travel agents and tour operators from around the world.

According to a press statement issued today, all hotel and destination partners will be hosted from Elevate World’s headquarters in Dubai, which will serve as the event’s main hub, while international buyers will participate virtually from across the globe.

The summit, open exclusively to registered participants, aims to explore the future prospects of the tourism sector in the UAE and the Middle East, while discussing preparedness to capitalise on the strong tourism recovery expected during the final quarter of this year.

The summit seeks to shape a new roadmap towards recovery, reinforce global confidence in the sector’s ability to recover swiftly and regain momentum, and reaffirm readiness to welcome the world and capture a greater share of global tourism flows.

Samir Hamadeh, Chief Executive Officer of Elevate World, said the company decided to launch the event to provide hotels and tour operators with a unique opportunity to connect, plan, discuss promising opportunities and exchange ideas for a better future for the sector.

(WAM)-


The International Centre for Biosaline Agriculture (ICBA) has signed a collaboration agreement with the Agency for Innovative Development under the Ministry of Higher Education, Science and Innovation of the Republic of Uzbekistan to launch the “Farmers’ and Agro-Entrepreneurs Accelerator for Developing and Commercializing Crop Value Chains” in Nukus, Karakalpakstan. The agreement was signed by Dr. Tarifa Alzaabi, Director General of ICBA, and Dr. Asror Norov, Acting Director of the Agency for Innovative Development.

The programme will be implemented with the support of the Abu Dhabi Fund for Development, under the project “Development of Sustainable Agricultural Production Systems in Degraded Areas of Karakalpakstan”. It represents a practical new step in the project’s progress, moving from support for sustainable agricultural production to enabling farmers and agro-entrepreneurs to develop crop value chains, improve commercial readiness, and expand access to markets.

Dr. Tarifa Alzaabi, Director-General of ICBA, said, “This agreement reflects an advanced stage of our work in Karakalpakstan, as we move from supporting sustainable agricultural production to enabling farmers and agro-entrepreneurs to build practical pathways for value chain development and market access. Through this programme, we aim to equip beneficiaries with the technical and business knowledge and skills needed to turn climate-resilient crops into scalable economic opportunities.”

Dr. Tarifa Alzaabi added, “We value our partnership with the Agency for Innovative Development and the continued support of the Abu Dhabi Fund for Development. The programme’s focus on women and youth is particularly important as part of an approach that links local capacity-building with practical economic opportunities for farmers and agro-entrepreneurs, while contributing to more resilient agricultural systems in Uzbekistan.”

Dr. Asror Norov, Acting Director of the Agency for Innovative Development, said, “For the Aral Sea region, this cooperation is important because it links innovation with practical agricultural transformation. Through ICBA’s scientific expertise and international experience in biosaline agriculture, the programme will support the modernization of crop value chains in Karakalpakstan, from cultivation and production to processing and market delivery. It will also help create a structured training and acceleration platform for farmers, young specialists, and agri-entrepreneurs, supporting the wider application of green innovations in the region.”

Running over three months, the programme aims to reach 200 beneficiaries from Karakalpakstan, including farmers and agro-entrepreneurs, with a focus on women and youth participation. It provides an integrated support model covering technical training, post-harvest management, agro-processing, branding, business planning, and market access, helping beneficiaries increase the economic value of climate-resilient crops and turn agricultural production into scalable opportunities.

Through this agreement, the International Centre for Biosaline Agriculture (ICBA) continues to strengthen its role as a scientific and technical partner supporting sustainable agriculture, crop value chain development, and rural economic resilience in Uzbekistan and beyond.

(WAM)-


Core42, a G42 company specialising in sovereign cloud and AI infrastructure, today announced the successful arrangement of two structured trade finance facilities amounting to US$550 million with HSBC to accelerate its AI cloud and compute deployments across the United States and Europe. The facilities of US$240 million and US$310 million were completed in February 2026 and May 2026 respectively.

The facilities have been purpose-built to support Core42’s capital intensity and deployment cycles of AI cloud infrastructure. Structured to enable strategic flexibility, both facilities are non-equity dilutive and reinforce Core42’s disciplined capital allocation approach as it expands its global footprint. The facilities will enable accelerated time-to-market for large-scale capacity buildouts tied to long-term contracted demand and enterprise-grade workloads.

Headquartered in the UAE with deployments across the United States and Europe, Core42 continues to scale as a sovereign AI infrastructure operator serving enterprise, government, and hyperscale customers. The facilities enhance Core42’s capital stack sophistication alongside its strategic hyperscaler and sovereign partnerships, supporting sustained growth at scale.

“The trade finance facilities represent a defining moment for Core42 and for the broader AI infrastructure sector, reflecting growing institutional recognition of AI architecture as long-duration, industrial-grade capacity,” said Neha Gupta, Chief Financial Officer, Core42. “The provision of the trade facilities by HSBC will strengthen our ability to deploy capacity at speed across the US and Europe while maintaining financial discipline and a long-term growth framework. As enterprises and governments scale mission-critical AI workloads, the underlying cloud and compute platforms must be resilient and built to support sustained demand.”

The development reinforces Core42’s position as a scalable AI infrastructure operator capable of mobilising global capital against sustained, multi-year demand. Core42 is bringing its proven sovereign AI ecosystem model to Europe. The company’s full-stack AI infrastructure is anchored by its European headquarters in Dublin, with deployments underway in Italy and France and local governance partners across key markets.

As AI transitions from experimentation to mission-critical deployment, access to structured trade finance becomes a strategic advantage; capital is concentrating behind platforms with operational depth, contracted visibility, and disciplined growth frameworks.

“Industrial AI infrastructure demands structural discipline,” said Roopal Jobanputra, General Counsel, Core42. “The facilities are built to support long-term deployment at scale while maintaining the governance and cross-border clarity required for mission-critical infrastructure.”

Commenting on the facility, Shaikha AlMarri, Head of Banking UAE, HSBC said, "These pioneering structures are designed to support the financing of Core42’s current deployment, while also establishing a robust framework that enables streamlined access to funding for future initiatives. By providing this flexibility, HSBC demonstrates a strong appreciation of the unique requirements and dynamics within the technology sector.”

Trading Economics-


Italy’s FTSE MIB index climbed to an all-time peak of 50,114 points on Monday before trimming some gains, as crude oil prices tumbled.Brent crude fell nearly 6% to below $100 a barrel after senior US officials indicated on Sunday that both sides were nearing an agreement to restore the critical Middle East shipping route, though final approval could still take several days. The decline in oil prices soothed some inflation fears, leading investors to scale back expectations for interest rate hikes. However, money markets still anticipate two European Central Bank rate increases before the end of the year. Among individual stocks, Nexi surged over 6% after state-backed investor CDP Equity announced plans to raise its stake in the payments group to as much as 29.9%.

Trading Economics-


Mexico’s trade balance rebounded to a $4.52 billion surplus in April 2026 from a $0.04 billion deficit a year earlier, beating forecasts of a $1.41 billion surplus. Exports surged 32.6% year-on-year to $72.04 billion, driven by a 71% jump in extractive shipments. Manufacturing exports also rose sharply by 34%, with auto exports increasing 8.2%. Meanwhile, exports of agricultural and livestock products edged up 0.1%. Imports advanced 24.1% to $67.52 billion, mainly due to a 29.8% increase in intermediate goods purchases. Imports of consumer goods rose 7.7%, while capital goods imports increased 1.3%. Year-to-date, the trade balance recorded a surplus of $247.63 billion.

Trading Economics-


The Ibovespa edged up to trade near the 177,000 mark on Monday, Oil prices fell below $100 per barrel on hopes that an agreement could reopen the Strait of Hormuz, easing stagflation concerns and pushing bond yields lower. Banks traded higher, with Itaú rising more than 1.5% and Bradesco adding over 1%. B3 advanced more than 1.5% after JPMorgan Chase raised its target price for the stock. Other notable gainers included Ambev (+0.8%) and WEG (+1.4%). In contrast, Petrobras fell nearly 2% amid the decline in oil prices.

Trading Economics-


The S&P/TSX Composite Index rose nearly 1% to trade above 34,500 on Monday, Investors also awaited quarterly earnings from major Canadian lenders, with RBC rising 0.9%, TD Bank gaining 1.1%, and BMO adding 1.1%. Optimism surrounding AI-related technology stocks lifted Shopify by more than 1.6%. Meanwhile, higher gold prices supported mining shares, with Agnico Eagle and Barrick rising nearly 3% and Wheaton Precious Metals gaining over 4.5%. In contrast, lower crude prices weighed on energy producers, with Canadian Natural down more than 2% and Suncor Energy losing nearly 2%.

(ONA)-


Singapore's economy grew six percent year-on-year in the first quarter as demand for artificial intelligence chips skyrocketed, balancing the fallout from the Middle East war.

As a major electronics hub, the country has seen a significant increase in the production of memory chips and server components that are essential for the data centers that power AI tools. Due to the "better-than-expected" growth, Singapore's trade ministry said it would maintain its forecast for the economy to expand 2 to 4 percent in 2026. The first-quarter growth extended the expansion of 5.7 percent in the December 2025 quarter. "AI-related demand has remained robust and should continue to support the growth of regional economies throughout the year," the trade ministry said. According to statistics, exports for the first quarter rose 9.6 percent compared to the year before, bolstered by the electronics sector.

(ONA)-


The total issuance of Government Treasury Bills amounted to RO 10 million. The value of the allotted Treasury bills amounted to RO 4 million, for a maturity period of 91 days. The average accepted price reached 99.050 for every RO 100, and the minimum accepted price arrived at RO 99.050 per RO 100. The average discount rate and the average yield reached 3.81044% and 3.84699%, respectively.

Meanwhile, the value of the allotted Treasury bills amounted to RO 6 million, for a maturity period of 182 days. The average accepted price reached RO 98.073 for every RO 100, and the minimum accepted price arrived at RO 98.065 per RO 100. The average discount rate and the average yield reached 3. 86559% and 3. 94157%, respectively.

Treasury Bills are short-term highly secured financial instruments issued by the Ministry of Finance, and they provide licensed commercial banks the opportunity to invest their surplus funds. The Central Bank of Oman (CBO) acts as the Issue Manager and provides the added advantage of ready liquidity through discounting and repurchase facilities (Repo).

It may be noted that the interest rate on the Repo operations with CBO is 4.25% while the discount rate on the Treasury Bills Discounting Facility with CBO is 4.75%.

Furthermore, Treasury Bills promote the local money market by creating a benchmark yield curve for short-term interest rates. Additionally, the Government may also resort to this instrument whenever felt necessary for financing its recurrent expenditures.

(ONA)-


Muscat Stock Exchange (MSX) "30" index closed today at 7,775.42 points, marking an increase of 66.32 points, or 0.860%, compared to the last trading session, which closed at 7,709.11 points.

The total trading value reached RO 39,414,048, representing a drop of 32.2% from the previous trading session, which recorded RO 63,818,957.

According to the report issued by Muscat Stock Exchange, market capitalization went up by 0.431% from the last trading day, reaching approximately RO 37.12 billion.

Non-Omani investors recorded purchases valued at RO 4,938,000, accounting for 12.53% of total trading activity, while non-Omani sales amounted to RO 8,213,000, or 20.84%. Net non-Omani investment increased by RO 3,275,000, representing a 8.31% rise.

(BNA)-


This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 101%.


The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of the Kingdom of Bahrain.


The issue date of the bills is May 27, and the maturity date is August 26.


The weighted average rate of interest is 5.30% compared to 5.28% of the previous issue on May 20.


The approximate average price for the issue was 98.679% with the lowest accepted price being 98.604%.


This is issue No.2123 (ISIN BH00043704Q2) 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 1,979.05 points, marking an increase of 17.17 points above the previous closing.



This increase was due to a rise in the communications services sector, the financial sector, the industrial sector and the material sector.



Bahrain Islamic Index has closed at 967.06 points, marking an increase of 17.22 points above the previous closing.



Results indicated that 95 equity transactions took place with a volume of 1,589,839 worth BD 475,257.



Investors traded mainly in the financial sector, representing 71.53% of the total value of securities traded.

(QNA)-


The Central Bank of Oman (CBO) announced he issuance of government treasury bills worth a total of OMR 10 million this week.
In a statement issued Monday, the CBO said OMR 4 million was allocated in 91-day treasury bills at an average accepted price of OMR 99.050 per OMR 100 and an average yield of 3.84699 percent.
The bank added that OMR 6 million was allocated in 182-day treasury bills at an average accepted price of OMR 98.073 per OMR 100 and an average yield of 3.94157 percent.
Treasury bills are short-term government-backed financial instruments issued by the Ministry of Finance to provide investment opportunities for licensed commercial banks, with the Central Bank of Oman acting as the issuing authority.
The statement noted that the interest rate on repurchase agreements (repos) for these bills stands at 4.25 percent, while the discount rate on treasury bill facilities is 4.75 percent.

(QNA)-


Boursa Kuwait closed trading lower on Monday, with the general index falling 51.21 points, or 0.58%, to 8,815.12 points.
A total of 515.16 million shares were traded through 25,718 cash transactions, with a total value of KWD 155.6 million (approximately $476.13 million).
The Main Market Index rose 19.81 points, or 0.23%, to 8,666.04 points, with 294.8 million shares traded through 14,174 transactions valued at KWD 48.5 million (about $148.4 million).
The First Market Index fell by 68.97 points, or 0.74آ %, to 9,304.29 points, with 220.3 million shares traded across 11,544 transactions worth KWD 107.10 million (approximately $327.7 million).
Meanwhile, the Main 50 Index rose 17.80 points, or 0.19%, to close at 9,632.69 points, with 264.3 million shares traded through 10,890 cash transactions valued at KWD 43.19 million (approximately $132.16 million).

(QNA)-


The Qatar Stock Exchange (QSE) index closed lower on Monday, shedding 115.14 points, or 1.08%, to settle at 10,591.56 points.
A total of 265,412,204 shares were traded, with a turnover of QR 157,580,771.201 across 26,136 transactions spanning all sectors.
Shares of 12 companies advanced, while 38 declined and four remained unchanged.
Market capitalization at the close of the session stood at QR 633,937,339,844.900, compared with QR 640,494,622,176.714 in the previous session.

(QNA)-


Qatar's state budget recorded a QR 10.3 billion fiscal deficit during the first quarter of 2026, the Ministry of Finance announced on Monday.
According to a statement posted on the social media platform X, total revenues for the first quarter reached approximately QR 37.8 billion, reflecting a 23.5% decline compared to the corresponding period last year.
Total expenditures during the quarter stood at around QR 48.1 billion, down 3.7% year-on-year.
The statement noted that oil revenues amounted to approximately QR 32.749 billion, while non-oil revenues totaled QR 5.050 billion.
The Ministry of Finance added that expenditures during the same period included QR 17.970 billion for salaries and wages, QR 19.123 billion for current expenditures, QR 10.342 billion for major capital expenditures, and QR 659 million for minor capital expenditures.

Youm7-


The performance of the Egyptian stock market indices varied at the close of trading on Monday, the last trading session before the Eid al-Adha holiday. The main index declined due to downward pressure from leading stocks, most notably Commercial International Bank - Egypt (CIB), Talaat Moustafa Group Holding, EFG Group Holding, and Egyptian Chemical Industries - KIMA. Meanwhile, the EGX 70 and EGX 100 indices rose, amid trading of 10.3 billion Egyptian pounds. Market capitalization lost 3 billion Egyptian pounds to close at 3.759 trillion Egyptian pounds.

The EGX 30 index declined by 0.38% to close at 52,658 points, while the EGX 30 Capped index rose by 0.08% to close at 64,918 points. The EGX 30 Total Return index fell by 0.37% to close at 24,550 points, and the EGX 35-LV index, which tracks low-volatility stocks, increased by 0.19% to close at 5,883 points.

Small-cap index

Meanwhile, the EGX 70 Equal Weight index, which tracks small and medium-sized companies, rose by 0.46% to close at 14,651 points. The EGX 100 Equal Weight index climbed by 0.44% to close at 20,477 points, and the Sharia index jumped by 0.68% to close at 5,887 points.

■ Dr. Mohamed Farid:

▪︎ Integration between national bodies concerned with trade and food safety enhances the competitiveness of Egyptian exports and the confidence of global markets in Egyptian products.

▪︎ We are working to improve the efficiency of the foreign trade system and increase export rates in accordance with the latest international standards.

■ Dr. Tarek El-Houby, Chairman of the National Food Safety Authority: Cooperation with the Trade Representation Authority provides comprehensive technical and informational support to Egyptian exporters and contributes to monitoring the requirements of foreign markets.

■ Dr. Abdel Aziz El-Sherif: The protocol represents an important step to support the access of Egyptian exports to international markets and enhance the global competitiveness of Egyptian products.

As part of the state's efforts to enhance the competitiveness of Egyptian exports and open new markets for national products, Dr. Mohamed Farid, Minister of Investment and Foreign Trade, witnessed the signing ceremony of a cooperation protocol between the National Food Safety Authority and the Egyptian Trade Representation Authority. The protocol aims to support Egyptian food exports and strengthen institutional cooperation in the fields of foreign trade and food safety.

The protocol was signed by Dr. Tarek El-Houby, Chairman of the National Food Safety Authority, and Dr. Abdel Aziz El-Sherif, Chairman of the Egyptian Trade Representation Authority, in the presence of several leaders from both sides and representatives of entities concerned with trade, investment, and export matters.

The protocol aims to enhance cooperation and joint coordination in supporting food exports, exchanging information and technical data related to food safety requirements and access to international markets, as well as cooperating in organizing exhibitions, trade missions, and promotional activities. This will contribute to increasing export opportunities for Egyptian food products and enhancing their global competitiveness.

Dr. Mohamed Farid, Minister of Investment and Foreign Trade, affirmed that the Egyptian government is giving great attention to increasing exports and achieving a significant leap in foreign trade rates. He pointed out that integration between national bodies concerned with food safety and international trade is a key element in strengthening global market confidence in Egyptian products and supporting sustainable economic development efforts.

The Minister added that the Ministry is working in coordination with various stakeholders to develop the foreign trade system and improve the efficiency of services provided to exporters. This will contribute to facilitating access for Egyptian products to international markets and increasing the competitiveness of Egyptian products.

The Minister stressed the importance of the role played by regulatory bodies, especially the Food Safety Authority, particularly in maintaining the reputation of Egyptian products and, consequently, the competitiveness of Egyptian exports. He also noted the strong cooperation between government agencies. For his part, Dr. Tarek El-Houby, Chairman of the National Food Safety Authority, affirmed that the Authority operates according to a comprehensive vision aimed at protecting consumer health and supporting national industry through a modern regulatory system based on international standards. He noted that cooperation with the Trade Representation Authority will contribute to providing technical and informational support to exporters and continuously monitoring the technical and legislative requirements of foreign markets.

Dr. Abdel Aziz El-Sherif, Head of the Egyptian Trade Representation Authority, also emphasized that the Authority is committed to enhancing opportunities for Egyptian exports to access various international markets. He explained that the protocol represents a significant step towards building an integrated system for exchanging information and expertise and supporting Egyptian exporting companies, especially small and medium-sized enterprises (SMEs), thereby strengthening the global competitiveness of Egyptian products.

The signing of the protocol comes within the framework of the state's direction towards strengthening institutional cooperation among various national entities, raising the efficiency of the foreign trade system, and supporting food supply and distribution chains, in line with Egypt's vision for sustainable development and increasing Egyptian exports.

■ Dr. Islam Azzam, Chairman of the Financial Regulatory Authority: Building the capacities of employees enhances the quality of services in the non-banking financial sector, thus contributing to supporting the national economy.

Dr. Islam Azzam, Chairman of the Financial Regulatory Authority, witnessed the signing ceremony of a cooperation protocol between the Financial Services Institute, the Authority's training arm, and the Egyptian Federation for Financing Micro, Small, and Medium Enterprises. This protocol is part of the Authority's ongoing efforts to enhance the capabilities of personnel working in the non-banking financial sector and raise their professional efficiency, thereby supporting the sustainable growth of non-banking financial activities and developing their competitiveness.

This protocol is the fifth cooperation agreement signed by the Institute this month with federations of companies and associations operating in the sector. It aims to strengthen joint cooperation between the Institute and the Federation in preparing and implementing specialized training and qualification programs for employees of companies and associations in the sector. It also allows Federation members to benefit from the Institute's training programs, keeping pace with the needs of companies operating in the sector and the requirements of continuous development in non-banking financial activities.

The protocol also aims to leverage the specialized expertise of member companies by adding qualified personnel to the Institute's list of accredited lecturers, in accordance with approved evaluation criteria. This will enrich the training process with practical experience and specialized professional expertise.

The signing ceremony was attended by Dr. Mohamed Abdel Aziz and Mr. Walid Anwar, Assistants to the Chairman of the Authority; Dr. Tarek Seif, Executive Director of the Financial Services Institute; Dr. Hossam Bashir, Supervisor of the Central Risk and Compliance Department and the Microfinance Supervision Unit; Dr. Hala Abu El-Saad, Chairperson of the Egyptian Federation for Micro, Small and Medium Enterprises (MSMEs); and several other leaders from the Federation.

Dr. Islam Azzam emphasized that the Financial Regulatory Authority prioritizes human resource development, considering the enhancement of professional qualifications among employees a fundamental element in supporting the efficiency and sustainability of non-banking financial activities. These activities have played an increasingly vital role in supporting the Egyptian economy and expanding financial inclusion, serving a wider range of beneficiaries across various categories and sectors. He added that the Authority is working to enhance cooperation between the Financial Services Institute and market associations and stakeholders to provide specialized training programs that respond to the regulatory and technological developments in the non-banking financial sector. The aim is to prepare a workforce better equipped to handle current changes and meet future growth demands.

The Authority's Chairman explained that developing employees' skills directly impacts service quality and institutional efficiency, enhancing the sector's ability to attract more investments and support financial inclusion efforts. The Authority adopts a continuous approach to developing its training and qualification system in line with the objectives of Egypt's Vision 2030, which aims to build a more competitive and sustainable economy.

He noted that the Authority prioritizes providing practical and specialized training programs in governance, risk management, financial technology, and digital transformation to boost competitiveness at both the regional and international levels.

The Authority has previously signed cooperation protocols with specialized academic and training institutions to develop advanced training programs and build the capacity of employees in non-banking financial activities. This involves preparing qualified personnel and updating training content to align with international best practices.

The cooperation frameworks also include identifying the training needs of employees in various sectors and developing continuously updated programs. In this context, the development of the capacity-building and professional qualification system continues through the Financial Services Institute, by offering specialized programs in various fields including governance, risk management, financial technology, and digital transformation.

Youm7-

Minister of Communications and Information Technology, Raafat Hindi, and Minister of Investment and Foreign Trade, Mohamed Farid, witnessed the signing of a cooperation protocol between the Information Technology Industry Development Agency (ITIDA) and the Export Development Fund. The protocol aims to boost Egypt's exports of technological services by including these services in the Export Development Program, thereby enhancing the competitiveness of Egyptian exports and increasing their access to international markets.

Under the protocol, electronics design, semiconductor, embedded systems, and mobile phone services will be added to the sectors benefiting from the Export Development Program for a period of seven years, starting in the 2025/2026 fiscal year.

During the meeting, the two ministers reviewed the progress of several joint programs and projects, including the electronic platform that connects various government entities to standardize procedures and improve services. This initiative is part of efforts to enhance the efficiency and competitiveness of the business environment and facilitate investment. They also discussed mechanisms for leveraging the Digital Egypt platform to support efforts to improve the business environment and enhance investor services.

The project aims to redesign the investor journey digitally and comprehensively by unifying and linking government services and simplifying licensing procedures and related services. This will contribute to improving service efficiency and Egypt's ranking in ease of doing business indices.

These efforts align with the Egyptian government's vision to accelerate digital transformation and connect government entities to unify and streamline services for investors, providing a more accessible and attractive investment experience.

Under the signed protocol, companies operating in the technology services sector will be able to benefit from the incentives offered by the Export Development Program, based on export growth and maintaining employment levels. This will support increased technology exports and attract further investment in high value-added industries.

The Information Technology Industry Development Agency (ITIDA) will promote the program both locally and internationally, provide comprehensive technical support, and facilitate access to the program for companies. This will contribute to accelerating the growth of companies operating in this sector and attracting more investment. A joint coordination committee with the Export Development Fund will be formed within one month of the signing date to monitor implementation.

Minister of Communications and Information Technology, Raafat Hindi, emphasized that adding electronics design, semiconductor, and embedded systems companies to the Export Subsidy Program represents a significant step in supporting advanced technology industries and enhancing Egypt's competitiveness in this sector.

He explained that the collaboration with the Ministry of Investment aims to build an integrated digital ecosystem, accelerate the digitization of investor services, and connect with government entities, thereby improving the investor experience.

Automotive Software

Engineer Raafat Hindi pointed to Egypt's growing attractiveness as a global hub for electronics design and automotive software companies, supported by a strong base of highly skilled professionals. He emphasized that this step complements the objectives of the presidential initiative "Egypt Makes Electronics," which aims to deepen local manufacturing, increase the contribution of high value-added activities, attract global design and development centers, strengthen value chains, and create quality job opportunities for Egyptian youth.

Electronics and Semiconductor Design

For his part, Dr. Mohamed Farid, Minister of Investment and Foreign Trade, affirmed that including electronics, semiconductor, and mobile phone design services in the export development program reflects the state's commitment to supporting promising technology sectors, while continuing to enhance regulatory flexibility and attract investments in artificial intelligence, cloud computing, and semiconductors.

The Minister stressed that the new incentives are linked to the actual annual growth achieved in exports, ensuring sustainable economic efficiency. He emphasized the ongoing efforts to overcome legal and operational obstacles facing international companies seeking to expand in the Egyptian market.

Export Development Fund

He pointed to the Ministry's efforts to complete the digitization of the Export Development Fund's services as part of its broader efforts to digitize the export incentive system and streamline the disbursement procedures for Export Development Program benefits. He also mentioned ongoing efforts to address regulatory and operational obstacles facing companies operating in advanced technology and data center sectors.

In this context, Eng. Ahmed El-Zaher, CEO of ITIDA, emphasized that the sector is experiencing rapid growth and includes more than 86 companies working in high-value-added design and development services, thus reinforcing Egypt's position as a regional technology hub.

For her part, Dr. Amani El-Wassal, Head of the Executive Authority of the Export Development Fund, affirmed that the Fund continues to expand its digitization efforts and add new high-value-added export sectors to support the growth of Egyptian exports and facilitate export subsidy disbursement procedures.

The meeting was attended by Eng. Mahmoud Badawy, Assistant Minister for Digital Transformation Affairs, Dr. Yasser Abdel-Bary, Director of the Electronics Industry Program at ITIDA, and Eng. Ahmed Haggag, Director of the Digital Civil Services Department, representing the Ministry of Communications and Information Technology.

On behalf of the Ministry of Investment and Foreign Trade, Dr. Mohamed Awad, CEO of the General Authority for Investment and Free Zones, Eng. Sherif Yahya, Assistant Minister for Development and Digital Transformation, Mohamed Ayad, Assistant Minister for Media Promotion and Information, Major General Yasser Abbas, Deputy CEO of the General Authority for Investment and Free Zones, Abed Mehran, Assistant Minister, Eng. Amr Ragai, Head of the Central Department for Information Systems at the General Authority for Investment and Free Zones, Saeed Youssef, Director of the Technical Office at the Export Development Fund, and Dr. Yasmine Yamani, Office of the Assistant Minister for Development and Digital Transformation.

Youm7-

Data from the Central Agency for Public Mobilization and Statistics showed that the value of trade exchange between Egypt and African Union countries reached $9.6 billion in 2025, compared to $9.9 billion in 2024.


Egypt's Exports to African Union Countries

Egyptian exports to African Union countries reached $7.6 billion in 2025, compared to $7.8 billion in 2024.

Libya topped the list of African Union countries importing from Egypt in 2025, with exports valued at $1.5 billion. Algeria followed with $1.2 billion, then Morocco with $1.1 billion, Sudan with $957.1 million, Tunisia with $431.3 million, Kenya with $330.6 million, Nigeria with $213.1 million, Ivory Coast with $179.5 million, South Africa with $162.9 million, and finally Somalia with $134.8 million.

These were the top destinations for Egyptian exports to African Union countries. Major commodity groups exported to African Union countries during 2025:

- Electrical machinery and equipment: $633.6 million

- Plastics and plastic products: $544.4 million

- Iron and steel: $528.3 million

- Miscellaneous food preparations: $517.8 million

- Vegetables and fruits: $491.4 million

- Salt, stones, and cement: $446.4 million

Egypt's Imports from African Union Countries

Egyptian imports from African Union countries reached $2 billion in 2025, compared to $2.1 billion in 2024. The Democratic Republic of Congo topped the list of African Union countries exporting to Egypt in 2025, with imports valued at $447.4 million. This was followed by Sudan at $277.2 million, Kenya at $264.1 million, Senegal at $163.7 million, South Africa at $147.4 million, Guinea at $111.6 million, Morocco at $74.6 million, and finally, Côte d'Ivoire at $73.5 million.

Major Commodity Groups Imported from African Union Countries in 2025:
- Copper and Copper Products, valued at $470.9 million.

- Fuels and mineral oils worth $323.3 million.

- Coffee, tea, and spices worth $292.4 million.

- Pearls, precious stones, and jewelry worth $121.4 million.

- Cars, tractors, and bicycles worth $90 million.

- Live animals worth $88.9 million.

- Grains, oilseeds, and medicinal plants worth $85.5 million.

- Tobacco worth $78 million.

Remittances between Egypt and African Union countries

Data from the agency revealed that remittances from Egyptians working in African Union countries reached $191 million during the 2024/2025 fiscal year, while remittances from workers in African Union countries in Egypt reached $26.2 million during the same period.

Investments between Egypt and African Union countries
The value of investments by African Union countries in Egypt amounted to $343 million during the 2024/2025 fiscal year, while the value of Egyptian investments in African Union countries amounted to $756 million during the same period.

Insider Trading Executions: Trading Session 24/ 5/2026
Company Name: Egyptian Gulf Bank
Position: Insider
Transaction: Buy
Number of Shares: 27310

Insider Trading Executions: Trading Session 24/ 5/2026
Company Name: Egyptian Gulf Bank
Position: Insider
Transaction: Buy
Number of Shares: 971281

Insider Trading Executions: Trading Session 24/ 5/2026
Company Name: Egyptian Gulf Bank
Position: Insider
Transaction: Buy
Number of Shares: 40522

Insider Trading Executions: Trading Session 24/ 5/2026
Company Name: Egyptian Gulf Bank
Position: Insider
Transaction: Buy
Number of Shares: 16873

Insider Trading Executions: Trading Session 24/ 5/2026
Company Name: Egyptian Gulf Bank
Position: ESOP
Transaction: Sell
Number of Shares: 2215265

Insider Trading Executions: Trading Session 24/ 5/2026
Company Name: Egyptian Gulf Bank
Position: Insider
Transaction: Buy
Number of Shares: 14057

Insider Trading Executions: Trading Session 24/ 5/2026
Company Name: Egyptian Gulf Bank
Position: Insider
Transaction: Sell
Number of Shares: 34337

Insider Trading Executions: Trading Session 24/ 5/2026
Company Name: Egyptian Gulf Bank
Position: Insider
Transaction: Buy
Number of Shares: 27310

Insider Trading Executions: Trading Session 24/ 5/2026
Company Name: Egyptian Gulf Bank
Position: Insider
Transaction: Buy
Number of Shares: 27310

Insider Trading Executions: Trading Session 24/ 5/2026
Company Name: Egyptian Gulf Bank
Position: Insider
Transaction: Buy
Number of Shares: 37566

Insider Trading Executions: Trading Session 24/ 5/2026
Company Name: Egyptian Gulf Bank
Position: Insider
Transaction: Buy
Number of Shares: 14333

Insider Trading Executions: Trading Session 24/ 5/2026
Company Name: Egyptian Gulf Bank
Position: Insider
Transaction: Buy
Number of Shares: 23162

Insider Trading Executions: Trading Session 24/ 5/2026
Company Name: Egyptian Gulf Bank
Position: Insider
Transaction: Buy
Number of Shares: 22817