Trading Economics-


The NZX 50 lost 131 points, or 1.0%, to close at 13,580 on Friday, reversing morning gains, extending losses from the previous session, and touching its lowest level since June 29, tracking a downbeat session on Wall Street overnight amid a surge in Treasury yields and rising oil prices. Traders were cautious ahead of the release of US inflation data later today for clues on the Fed’s monetary policy decision next week. Caution also built ahead of the release of New Zealand’s Q2 GDP and a slew of economic data from China, New Zealand’s top trading partner, due next week. On the data front, New Zealand’s manufacturing sector expanded at a slower pace in August. Almost all sectors traded in the red, led by materials, with the biggest laggards including Fisher & Paykel (-1.8%), Freightways Group (-1.6%), Auckland International Airport (-1.3%), A2 Milk (-1.2%), Infratil (-1.2%), and Meridian Energy (1.1%). For the week, the index fell 2.8%, after rising in the previous week.

Trading Economics-


The ASX 200 slid 78 points, or 0.9%, to end at 8,741 on Friday, its lowest in seven weeks. The benchmark index fell for a fourth straight session, logging its worst week in six months with a 3.0% slide. Sentiment weakened as surging crude oil prices raised doubts over a quick easing in Australia's inflation. RBA Deputy Governor Hauser said further hikes will be debated at September’s meeting, echoed by Assistant Governor Hunter’s warning of limited tolerance for stronger cost pressures. The country's 10-year bond yield spiked above 5.3%, the highest since May 2011, tracking U.S. Treasury gains and reinforcing expectations of tighter borrowing conditions. Losses were broad, led by healthcare, non-energy minerals, tech, and consumer stocks. Major miners tumbled, with BHP down 4.3%, Rio Tinto off 3.7%, and Fortescue slipping 2.4%. South32 (-4.4%), Northern Star Resources (-2.3%), and Evolution Mining (-2.0%) also lagged. In contrast, the big four banks gained between 0.6% and 2.5%.

Trading Economics-


The Nikkei 225 Index declined 1.93% to 64,011, while the broader Topix Index slipped 0.65% to 4,028 on Friday, with both benchmarks recording steep weekly losses as elevated oil prices and rising global bond yields weighed on equities. Investors also awaited the US CPI report after Thursday’s PPI data showed wholesale prices picked up last month, strengthening expectations for a Federal Reserve rate hike next week. Domestically, the Bank of Japan is likewise expected to raise interest rates, with board member Kazuyuki Masu indicating that policymakers will continue tightening and gradually reduce monetary support as underlying inflation approaches the 2% target. Technology and AI-related shares led the selloff, with Kioxia Holdings falling 7%, SoftBank Group dropping 4%, Advantest losing 6.5%, Tokyo Electron declining 2.6% and Taiyo Yuden retreating 2.1%.

Trading Economics-


Retail sales in Turkey rose 10.4% year-on-year in July 2026, slowing from a downwardly revised 11.5% in the previous month. It marked the weakest annual growth since March 2025, mainly driven by softer sales in other household equipment in specialized stores (0.7% vs 2.1% in June), other goods in specialized stores (20.5% vs 25.4%), non-specialized stores (3.6% vs 4.2%), and trade not in stores, stalls and markets (19.2% vs 23.4%). Meanwhile, sales growth accelerated for food, beverages and tobacco in specialized stores (4.2% vs 0.6%), automotive fuel in specialized stores (8.0% vs 1.3%), information and communication equipment in specialized stores (10.9% vs 10.5%), cultural and recreation goods in specialized stores (10.9% vs 7.1%), and sales via stalls and markets (18.7% vs 13.4%). On a seasonally adjusted monthly basis, retail sales rose 0.2%, easing from a 0.5% increase in June.

Trading Economics-


Turkey’s current account surplus narrowed sharply to $0.04 billion in July 2026 from $1.76 billion in the same month of the previous year, missing market expectations of a $0.65 billion surplus. The goods account shortfall increased to $5.58 billion from $4.56 billion a year earlier, while the primary income deficit widened to $2.56 billion from $1.54 billion. On the other hand, the secondary income gap decreased to $0.06 billion from $0.15 billion in July 2025, while the services account surplus rose to $8.23 billion from $8.02 billion. For the first seven months of the year, the country recorded a current account deficit of $34.83 billion, notably higher than the $24.25 billion shortfall in the corresponding period last year.

Trading Economics-


Frankfurt's DAX 40 rose further to close about 0.8% firmer at 25,557 on Friday, halting a two-day decline, helped by falling oil prices and tech strength. However, investors remained concerned about inflation and the prospect of higher rates, amid ongoing geopolitical tensions Latest data showed US inflation remains stubbornly high due to energy price pressures stemming from the Middle East. Traders are increasingly anticipating a 25 bps rate hike next week, similar to the ECB's recent move. Infineon Technologies outperformed, jumping 4.8%, supported by Oracle’s strong AI demand. Siemens Energy and Hochtief followed, rising 2.4% and 1.7%, respectively. Other top performers included Siemens, Deutsche Telekom, Sccout24 and Airbus. Commerzbank rose 1.5% after the German government set conditions for UniCredit’s proposed takeover. On the flip side, BASF (-2.8%), Rheinmetall (-2.5%) and Henkel (-1.9%) emerged as the biggest laggards. For the week, the index posted a 1.9% loss.

Trading Economics-


India’s BSE Sensex pared early losses to close 0.2% lower at 74,872 on Friday, hovering near three-month lows and reversing modest gains in the previous session. Sentiment remained pressured by elevated crude prices, inflation concerns, geopolitical tensions and sustained foreign outflows. Investors also stayed cautious ahead of key US inflation data, which could influence next week’s Fed decision and capital flows into domestic equities. Several sectors declined, led by metals and financials, although gains in technology stocks provided some cushion. Tata Steel was the biggest laggard (-1.7%), followed by Reliance Industries (-1.3%), Sun Pharma (-1.2%), Bajaj Finance (-1.1%), Power Grid (-1.1%) and L&T (-1%). Banking stocks were mixed, with HDFC Bank (+2%) and Kotak Mahindra Bank (+0.4%) gaining, while Axis Bank (-1%) and ICICI Bank (-0.4%) declined. Tech Mahindra, HCL Tech and Infosys were among the top performers, rising 0.6%-1.4%. For the week, the index dropped around 2.1%.

Trading Economics-


The FTSE 100 rose 0.4% on Friday, recovering from a seven-week low reached in the previous session, after stronger-than-expected economic data boosted sentiment. UK GDP expanded 0.4% in July following 0.3% growth in June, well above economists’ expectations for no growth and marking the third consecutive month in which activity exceeded forecasts. The figures suggest the UK economy may prove more resilient than expected in the second half of 2026. Sentiment was also supported by a decline in oil prices, with Brent falling below $105 a barrel and crude slipping under $100, although prices remain elevated. In the US, stronger-than-expected core CPI reinforced expectations of a potential rate hike. Banks led gains, with HSBC Holdings up 1.4%, Barclays 1.7% and Lloyds Banking Group 1.3%, while Rolls-Royce added 1.7%. BAE Systems fell more than 1%. Despite Friday’s recovery, the FTSE 100 ended the week around 1.7% lower.

Trading Economics-


European stocks closed higher on Friday as energy prices eased off their peaks and halted the surge in long-term sovereign yields. The Euro STOXX 50 gained 0.8% to 6,323 and the STOXX Europe 600 added 0.5% to 639.1. Banks and industrial surged as the pullback in energy prices and borrowing costs softened the tightening margins in their respective sectors. Santander, BBVA, and UniCredit jumped nearly 2% each, while Siemens and Safra added 2.5%. Meanwhile, Intesa Sanpaolo rose 2.6% as Rome stated it would refrain from interfering in the lender's takeover bid for Banca MPS. Tech stocks also advanced, with Infineon surging 5% Still, the STOXX 50 fell 1% and the STOXX 600 dropped 1.6% on the week on broader concerns of macro headwinds from higher energy prices and rates. The ECB hiked its rates yesterday, and markets price more tightening.

Trading Economics-


US stock indices closed higher on Friday, halting four sessions of losses as oil prices and Treasury yields paused their surge. The S&P 500 gained 0.9%, the Dow added 509 points, and the Nasdaq 100 rose 0.9%. Long-dated Treasury yields eased from multi-year highs as fuel prices refrained from extending this week’s rally,High energy prices were expected to worsen an already elevated inflation outlook, with headline inflation at 3.4% in August, reinforcing bets that the Fed will raise rates on Wednesday. Credit-sensitive sectors gained as the oil rally paused, with Alphabet up 1.5% and Amazon adding 1.9%, while JPMorgan rose 0.8%. Oracle erased earlier gains, down 1.8% despite reporting strong results. Chipmakers gained, with AMD up 2.5% and Intel up 2.6%. Dell surged 11.9% to all-time high on RBC Outperform initiation. On the week, the S&P 500 lost 0.6%, the Nasdaq fell 0.7%, and the Dow shed 426 points.

Trading Economics-


The S&P/TSX Composite Index rose 0.5% to close at 35,697 on Friday as oil prices pulled back on prospects for diplomatic efforts to ease tensions around the Strait of Hormuz. Gulf foreign ministers are expected to meet their Iranian counterpart in Oman on Monday as part of efforts to secure support for a temporary arrangement to manage shipping through the strait. The pause in the oil rally allowed equities to enjoy some respite. Credit-sensitive stocks posted gains, with TD Bank and BMO up 0.8% each, while Scotiabank added 0.9%. Gold prices rebounded, supporting heavyweight mining stocks, with Agnico Eagle rising 2.2%, while WPM and Franco-Nevada gained 2.4% each. Tech stocks advanced, tracking strength in US hyperscalers and chipmakers, with Shopify up 1.9%, Constellation Software adding 2.5%, and Celestica jumping 6.6%. Descartes Systems surged 6.9% after reporting second-quarter revenue slightly above estimates. Still, the S&P/TSX Composite Index lost 1.7% on a weekly basis.

Trading Economics-


The Ibovespa fell 0.6% to close at 187,207 on Friday as the Supreme Court crisis continued to fuel political uncertainty, weighing on the country’s economic outlook. Chief Justice Edson Fachin ordered Justice André Mendonça to remove, within 24 hours, the secrecy surrounding proceedings related to investigations into Banco Master. This includes possible irregularities involving the financing of the film “Dark Horse,” which could affect Flávio Bolsonaro’s electoral prospects. Markets view Bolsonaro as more fiscally restrictive, while elevated domestic yields and weak business activity continue to weigh on the economic outlook. State-controlled financial stocks traded lower, with Banco do Brasil down 1.4%, BB Seguridade shedding 4.1%, and Caixa losing 2.4%. Utilities also posted losses, with Axia down 1.6%. CSN plunged 7.4% as investors booked profits, with the stock still up 4.2% on the week following a CEO change. The Ibovespa rose 1.1% on a weekly basis.

• General Consumer Price Index for whole of Republic reached (289.8) points for month of August 2026, maintaining general level of prices for month of July 2026.

• This stability is attributed to a mix of price decreases and increases across basket of goods and services comprising index. Price declines were observed in following groups: cereals and bread (-0.1%), meat and poultry (-1.5%), fish and seafood (-0.1%), vegetables (-7.0%), and organized tours (-0.4%). Conversely, price increases were recorded for: dairy, cheese, and eggs (1.3%); oils and fats (0.3%); fruit (0.2%); sugar and sugary foods (0.3%); coffee, tea, and cocoa (0.4%); tobacco (0.2%); fabrics (0.8%); ready-made clothing (0.5%); footwear (0.4%); actual housing rent (0.8%); housing maintenance and repair (0.5%); electricity, gas, and or fuels (4.3%); household furnishings (0.2%); household appliances (0.3%); household and garden tools and equipment (0.9%); goods and services for routine household maintenance (0.8%); medical products, appliances, and equipment (0.2%); outpatient services (0.5%); vehicle purchases (0.9%); transport services (0.1%); postal services (4.0%); telephone and fax equipment (0.2%); and audio-visual, photographic, and information processing equipment (0.4%). newspapers, books, and stationery group (0.2%); ready-made meals group (0.5%); hotel services group (0.5%); and personal care group (0.3%). annual inflation rate for total of Republic was recorded (12.7%) for month of August 2026 compared to (13.0%) for July 2026.

1. Food and Beverage segment recorded a decrease of (-1.2%) due to decrease in prices of cereals and bread group by (-0.1%), decrease in prices of meat and poultry group by (-1.5%), decrease in prices of fish and seafood group by (-0.1%), and decrease in prices of vegetables group by (-7.0%) . ... This is despite increase in prices of dairy, cheese and eggs group by (1.3%), increase in prices of oils and fats group by (0.3%), increase in prices of fruit group by (0.2%), increase in prices of sugar and sugary foods group by (0.3%), increase in prices of or food products group by (0.4%), and increase in prices of coffee, tea and cocoa group by (0.4%).%), prices of mineral water, carbonated water and natural juices increased by (2.7%).

2. Alcoholic Beverages and Smoke segment recorded an increase of (0.2%) due to increase in prices of alcoholic beverages group by (12.7%) and smoke group by (0.2%).

3. clothing and footwear section recorded an increase of (0.5%) due to increase in prices of fabric group by (0.8%), ready-made clothing group by (0.5%), or clothing and accessories group by (0.6%), and cleaning and repair and clothing rental group by (1.3%)%), group of shoes by (0.4%).

4. Housing, Water, Electricity and Gas section recorded an increase of (1.9%) due to increase in prices of actual rental group of house by (0.8%), group of maintenance and repair of house by (0.5%), and group of electricity, gas and or fuels by (4.3%).

5. Furniture, Fittings and Home Equipment section recorded an increase of (0.7%) due to increase in prices of home furnishings group by (0.2%), home appliances group by (0.3%), and glassware, tableware and household utensils group by (0.5%). Home and Garden Tools and Equipment Group by (0.9%), Goods and Services Used in Home Maintenance by (0.8%).

6. Healthcare Division recorded an increase of (0.4%) due to increase in prices of Medical Products, Devices and Equipment Group by (0.2%), Outpatient Services Group by (0.5%), and Hospital Services Group by (0.6%).

7. Transport and Communications Section recorded an increase of (0.2%) due to increase in prices of Vehicle Purchase Group by (0.9%), and Transport Services Group by (0.1%).

8.Restaurants & Hotels segment recorded an increase of (0.5%) due to increase in prices of Ready Meals Group by (0.5%), and Hotel Services Group by (0.5%).

9. Miscellaneous Goods and Services section recorded an increase of (0.7%) due to increase in prices of personal care group by (0.3%), and personal effects group by (4.0%).

Second: Annual Change (August 2026 compared to August 2025):
1. Food and Beverages section recorded an increase of (6.5%) due to: increase in prices of cereals and bread by (2.7%), increase in prices of meat and poultry group by (3.8%), increase in prices of fish and seafood group by (4.8%), increase in prices of oils and fats group by (5.4%), and increase in prices of fruit group by (8.1%).%), increase in prices of vegetables by (27.7%), increase in prices of sugar and sugary foods by (0.4%), increase in prices of or food products by (5.6%), increase in prices of coffee, tea and cocoa by (9.8%), and increase in prices of mineral and carbonated water and natural juices by (8.6%). ... This is despite decrease in prices of dairy, cheese and eggs by (-0.5%).

2. Alcoholic Beverages and Smoke section recorded an increase of (7.7%) due to increase in prices of alcoholic beverages group by (14.0%) and tobacco group by (7.7%).

3. clothing and footwear section recorded an increase of (12.6%) due to increase in prices of fabric group by (14.3%), ready-made clothing group by (13.4%), or clothing and accessories group by (8.4%), and cleaning and repair and clothing rental group by (15.7%)%), Shoe Group by (9.7%), Shoe Repair Group by (10.8%).

4. Housing, Water, Electricity and Gas Section recorded an increase of (33.0%) due to increase in prices of actual rental group of house by (28.0%), group of maintenance and repair of house by (12.1%), and group of water and miscellaneous services related to house by (3.5%). Electricity, Gas and Or Fuels Group (22.4%).

5. Furniture, Fittings and Home Equipment section recorded an increase of (14.8%) due to increase in prices of home furnishings group by (8.0%), home appliances group by (6.3%), and glassware, tableware and household utensils group by (8.8%), Home and Garden Tools and Equipment Group by (13.7%), Goods and Services Used in Home Maintenance by (18.2%).

6. Healthcare Department recorded an increase of (5.2%) due to increase in outpatient services group by (14.0%) and hospital services group by (18.9%).... This is despite decrease in prices of medical products, devices and equipment group by (-1.2%).

7. Transport and Communications Section recorded an increase of (21.7%) due to increase in prices of Vehicle Purchase Group by (11.7%), and Transportation Services Group by (24.9%).

8. Telecommunications Division recorded an increase of (10.5%) due to increase in prices of Postal Services Group by (9.9%), Telephone and Fax Services Equipment Group by (11.7%), and Telephone and Fax Services Group by (10.4%).

9. Culture and Entertainment Section recorded an increase of (15.3%) due to increase in prices of audio-visual equipment, photography and information processing equipment by (9.7%), group of or entertainment items and equipment and ir accessories by (10.2%), and group of cultural and entertainment services by ((2.5%), Newspapers, Books and Stationery (14.7%), Organized Tourist Trips (18.9%).

10. Education Department recorded an increase of (20.0%) due to increase in prices of pre-primary and basic education by (22.0%), general and technical secondary education by (15.3%), post-secondary and technical education by (364.5%), and higher education by (17.0%).

11. Restaurants & Hotels segment recorded an increase of (13.4%) due to increase in prices of Ready Meals group by (13.4%), and Hotel Services Group by (12.7%).

12. Miscellaneous Goods and Services section recorded an increase of (11.8%) due to increase in prices of personal care group by (13.8%), and personal effects group by (20.5%).

Monthly urban headline CPI inflation, released today by the Central Agency for Public Mobilization and Statistics, recorded 0.1 percent in August 2026 compared with 0.4 percent in August 2025 and 0.0 percent in July 2026. On an annual basis, urban headline CPI inflation recorded 14.5 percent in August 2026 compared with 14.9 percent in July 2026.

Monthly core CPI inflation, computed by the Central Bank of Egypt, recorded 0.3 percent in August 2026 compared with 0.1 percent in August 2025 and 0.0 percent in July 2026. On an annual basis, core CPI inflation recorded 14.9 percent in August 2026 compared with 14.7 percent in July 2026.

Inflation statistics are available on the CBE’s website. The monthly inflation note will be published on September 15, 2026.

Business Today-


Egypt’s annual headline inflation rate eased to 12.7% in August 2026, down from 13% in July, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).

On an annual basis, food and beverage prices rose by 6.5% in August, while prices of alcoholic beverages and tobacco increased by 7.7%.

Housing, water, electricity, gas and fuel recorded one of the largest annual increases, rising by 33%. Clothing and footwear prices increased by 12.6% year-on-year.

Prices of furnishings, household equipment and routine maintenance rose by 14.8%, while healthcare costs increased by 5.2%.

Transportation prices climbed by 21.7% year-on-year in August 2026.

Egypt’s overall Consumer Price Index (CPI) reached 289.8 points in August.

Despite the monthly slowdown in the annual inflation rate from July, headline inflation remained above the 11.2% recorded in August 2025, according to CAPMAS data.

Business Today-


Egyptian Minister of Industry Khaled Hashem met with India’s Ambassador to Egypt, Suresh K. Reddy, to discuss ways to strengthen industrial cooperation between the two countries and increase Indian industrial investment in the Egyptian market.



The meeting also reviewed preparations for the Indian industry minister’s expected visit to Cairo in November, during which he is scheduled to participate in a business forum bringing together Egyptian and Indian companies and visit the Suez Canal Economic Zone.



Hashem said economic relations between Egypt and India have witnessed tangible progress in recent years, supported by the growing presence of Indian companies operating across various sectors in the Egyptian market.



He stressed Egypt’s openness to attracting more Indian companies, with the aim of benefiting from their extensive industrial expertise and advanced technologies, enhancing the capabilities of the local workforce and promoting greater industrial integration between the two countries.



The minister also highlighted Egypt’s interest in establishing industrial partnerships between the Egyptian and Indian private sectors to meet domestic market needs and expand exports to international markets.



He noted that Egypt’s strategic location and network of trade agreements position the country as a gateway for products seeking access to European, African and Arab markets.



Hashem also expressed Egypt’s interest in exchanging expertise with India in the field of industrial policy, particularly given India’s experience in implementing legislative reforms aimed at reducing bureaucracy and easing procedural burdens on manufacturers.



He added that Egypt’s Ministry of Industry is currently working to streamline industrial procedures and facilitate the investment journey for small-scale industrial investors.

Business Today-


Egypt looks forward to assuming the presidency of the BRICS grouping in the near future, President Abdel Fattah El-Sisi said, reaffirming Cairo’s commitment to working closely with member states to translate the bloc’s economic potential into concrete partnerships.

El-Sisi made the remarks during his participation in the BRICS summit of heads of state and government in New Delhi, where leaders adopted the New Delhi Declaration as the summit’s final document.

The president said BRICS has an important role to play in strengthening South-South cooperation as countries face interconnected challenges affecting security, energy, trade and global supply chains.

He called for moving beyond dialogue toward specific projects and programs that support sustainable development, diversify sources of growth, raise productivity and narrow development and technology gaps among member states.

El-Sisi highlighted the economic impact of ongoing developments in the Middle East on global trade, energy and supply chains, stressing the importance of maintaining the stability and freedom of international navigation. He said Egypt’s strategic location and role in global trade position it to contribute to stronger links between BRICS economies and international markets.

Against growing debt pressures and limited fiscal space, El-Sisi welcomed BRICS efforts to reform the international financial architecture, develop innovative and concessional financing tools, and strengthen the role of the New Development Bank.

He also welcomed the bank’s adoption of its 2027-2031 strategy, expressing hope that these efforts would improve access to financing for member states.

The president also called for stronger cooperation on food, water and energy security, particularly as developing economies face higher food and energy costs and disruptions to supply chains.

In this context, he said Egypt is continuing work to develop a grain and logistics hub aimed at supporting food security and strengthening the country’s position as a regional trade and logistics center.

El-Sisi also stressed the importance of expanding cooperation on climate change and improving developing countries’ access to climate finance, while supporting a fair and realistic transition toward lower-emission economies that takes into account differences in countries’ circumstances and development needs.

Egypt views BRICS as a promising platform for building practical partnerships and contributing to a more balanced international economic system, El-Sisi said.

He added that Egypt is ready to support joint projects and partnerships and leverage its strategic position to facilitate trade, investment and connectivity between Africa, Europe and Asia.

El-Sisi also welcomed China’s upcoming BRICS presidency, saying Egypt looks forward to building on the progress made under India’s presidency and further developing the grouping’s agenda and

Business Today-


President Abdel Fattah El-Sisi met with CEOs of major Indian companies in New Delhi on Saturday to discuss their investment plans and expansion opportunities in Egypt, on the sidelines of the 18th BRICS Summit.

The meeting reflects the scale of operations of the companies involved and their ambitious plans to expand investments in Egypt, according to Mohamed El-Shenawy, spokesperson for the Egyptian presidency.

El-Shenawy said the discussions also highlighted the opportunities available in the Egyptian market and its potential to attract foreign direct investment.

El-Sisi is leading Egypt’s delegation to the BRICS summit, hosted by India under the theme “Building Resilience, Innovation, Cooperation and Sustainability.”

Egypt is participating in the summit for the third consecutive year after joining BRICS in January 2024.

El-Sisi is scheduled to deliver Egypt’s statement during the closed session of BRICS leaders on Saturday, followed by an expanded session bringing together member and partner countries on Sunday.

The president is also expected to hold bilateral meetings with a number of BRICS leaders and senior officials from international organizations on the sidelines of the summit.

Business Today-


Trade between Egypt and BRICS countries rose to $36.7 billion in the first half of 2026, up from $29.3 billion in the same period of 2025, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS).

The increase of $7.4 billion came as Egypt’s economic ties with the BRICS bloc continued to expand, with Cairo participating in the group’s 18th summit in New Delhi under the theme “Building for Resilience, Innovation, Cooperation and Sustainability.”

Egypt’s exports to BRICS countries reached $6.6 billion in H1 2026, down from $7.4 billion a year earlier. Saudi Arabia was the largest destination for Egyptian exports at $1.8 billion, followed by the United Arab Emirates (UAE) at $1.7 billion, India at $868 million, China at $841 million and Brazil at $633 million.

Major Egyptian export categories included pearls, precious stones and jewelry at $1.2 billion; vegetables and fruits at $1 billion; fuels, mineral oils and distillation products at $844 million; fertilizers at $552 million; electrical machinery and equipment at $400 million; and plastics and related products at $304 million.

Meanwhile, Egypt’s imports from BRICS countries climbed to $30.2 billion during the first half of 2026, compared with $21.8 billion in H1 2025.

China remained the largest BRICS supplier to Egypt, with exports worth $10.4 billion, followed by the UAE at $5.3 billion, Saudi Arabia at $5.2 billion, Russia at $3.8 billion and Brazil at $2.4 billion.

Egypt’s main imports from the bloc included fuels, mineral oils and distillation products worth $5.2 billion; electrical machinery and equipment at $4.6 billion; cereals at $2.1 billion; iron, steel and related products at $1.8 billion; cars, tractors and motorcycles at $1.3 billion; and organic chemicals at $647 million.

BRICS investments in Egypt reached $6.2 billion during fiscal year 2024/2025, while Egyptian investments in BRICS countries stood at $2.2 billion.

The UAE was the largest BRICS investor in Egypt at $4.7 billion, followed by Saudi Arabia at $1.1 billion, China at $277.6 million, Russia at $62.4 million and India at $17.8 million.

Remittances from Egyptians working in BRICS countries reached $15.7 billion in FY2024/2025, up from $9.8 billion in FY2023/2024. Meanwhile, remittances from BRICS nationals working in Egypt rose to $202.5 million from $76.2 million.

BRICS was established in 2006 to strengthen economic cooperation among its members and promote a more balanced global economic system. Egypt officially joined the grouping in January 2024, alongside Saudi Arabia, the UAE, Iran and Ethiopia, while Indonesia joined in January 2025.

Business Today-


The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has issued two decisions requiring companies and entities operating in consumer finance and micro, small and medium enterprise (MSME) financing to establish real-time electronic links with credit information company iScore.

The measures aim to strengthen oversight of financing procedures across all stages of the lending cycle and improve the speed and accuracy of creditworthiness assessments, according to the FRA.

Under FRA Board Decision No. 174 of 2026, licensed consumer finance companies must notify iScore in real time when financing is approved and disbursed, when customers make full or partial payments, when financing is terminated, and when the company initiates judicial or legal proceedings related to the financing or changes the status of such proceedings.

Consumer finance companies must also submit financing data and information to iScore using a designated reporting template within five days after the end of each month.

Meanwhile, FRA Board Decision No. 175 of 2026 applies the same real-time reporting requirements to companies, associations and civil-society institutions classified as “A” and “B” and licensed to provide MSME financing.

The two decisions require companies and entities covered by the measures to complete the necessary procedures for electronic integration with iScore within three months from the effective date of the decisions, following their publication in the Official Gazette and on the FRA’s website.

Azzam said real-time integration with iScore would strengthen financing companies’ ability to make sound lending decisions while improving the efficiency of monitoring and regulatory oversight of credit data.

He added that the system would support more efficient operations and financing decisions by strengthening creditworthiness assessments, reviewing outstanding financing, monitoring customers’ financial positions and ensuring that financing is used for its designated purpose.

The real-time updates are also expected to help financing providers monitor customers’ repayment obligations and manage credit risks, supporting the financial soundness of non-bank financial institutions.

Azzam stressed the importance of maintaining accurate and up-to-date credit data in real time to help non-bank financing companies make sound lending decisions, reduce the risk of customer defaults and strengthen the stability of the non-bank financial sector.

The FRA chairman said the move forms part of the authority’s broader efforts to balance the development of regulated activities with the protection of market participants through digital mechanisms and greater integration among non-bank financial market participants.

Business Today-


President Abdel Fattah El-Sisi and Russian President Vladimir Putin discussed efforts to deepen bilateral ties and advance major joint projects during a meeting on Saturday on the sidelines of the 18th BRICS Summit in New Delhi.

The two leaders reviewed the ongoing Egypt-Russia partnership, including the El Dabaa Nuclear Power Plant and the Russian industrial zone in the Suez Canal Economic Zone, as well as cooperation in energy, trade, investment, food security and tourism, according to Mohamed El-Shenawy, spokesperson for the Egyptian presidency.

El-Sisi stressed Egypt’s readiness to address any challenges that could affect the implementation of joint projects and welcomed Russia’s approval of Alexandria and Alamein international airports, a move expected to support Russian tourism to new destinations in Egypt.

Putin reaffirmed Russia’s commitment to strengthening cooperation with Egypt and supporting the country’s comprehensive development efforts, including the implementation of major projects according to agreed timelines and specifications.

Daily News-


The Industrial Development Bank (IDB) and the Urban Development Fund (UDF) have signed a cooperation protocol covering the sale of units in urban development projects in governorates’ capitals and major cities, opening up broader opportunities for citizens seeking to purchase units offered under the Fund’s projects. The agreement will provide financing solutions in accordance with applicable rules and regulations, marking a new step that reflects the banking sector’s growing role in supporting the state’s urban development efforts.

The protocol was signed by Hussein Refaey, CEO and Managing Director of IDB, and Khaled Seddik, Chairperson of the UDF, in the presence of a number of senior officials from both institutions.

The protocol reflects the two sides’ commitment to strengthening integration between national institutions and the banking sector and linking urban development projects with financing solutions. This supports the state’s efforts to improve quality of life and promote balanced development across governorates and major cities.

The IDB CEO and Managing Director said that signing the protocol represents a new step in the bank’s efforts to strengthen its role as an active banking partner in supporting economic and social development plans, as well as providing banking and financing solutions that meet customers’ evolving needs.

Refaey explained that the bank is continuing to implement its strategy of transforming into a full-service commercial bank offering integrated solutions to individuals, companies and small and medium-sized enterprises (SMEs), while maintaining its historic role in supporting the Egyptian economy and financing priority sectors and activities.

He added that cooperation with the UDF stems from the bank’s belief that its role extends beyond providing banking products and services to making an active contribution to development, supporting citizens and expanding their access to financial and banking services.

He also noted that providing financing solutions to citizens seeking to purchase residential units in the Fund’s projects represents a form of integration between the banking sector and development institutions. He stressed IDB’s commitment to developing flexible solutions tailored to customers’ needs, in line with applicable rules and regulations.

“IDB will continue to expand its customer base, diversify its financing portfolio and develop its products, strengthening its ability to respond to the needs of the Egyptian market and reinforcing its position as a full-service commercial bank that places customers and development at the heart of its strategy,” Refaey said.

For his part, Seddik, Chairperson of the UDF, said cooperation with IDB represents a new addition to the Fund’s efforts to strengthen its partnership with the banking sector and provide diversified financing mechanisms for citizens seeking to benefit from urban development projects.

Seddik explained that the UDF operates under an integrated vision aimed at developing existing cities and establishing integrated urban communities, contributing to improved quality of life and sustainable urban development.

He noted that cooperation with banking institutions is an important pillar in supporting the Fund’s strategy by facilitating citizens’ access to appropriate financing to purchase the units on offer, thereby integrating urban development with bank financing.

He stressed that the Fund’s projects seek to generate an economic and social impact that extends beyond providing residential units by supporting economic activity linked to the real estate sector, creating jobs, developing existing areas and improving the quality of services and life for citizens.

IDB has a banking history dating back to 1947 and is currently implementing a strategy aimed at developing its business model, expanding its financing and deposit portfolios, increasing its branch and service-point network, strengthening digital transformation and improving the customer experience.

The bank said supporting development is an integral part of its identity, combining its longstanding experience in financing productive sectors with its current focus on providing integrated banking solutions to individuals, companies and SMEs.

This approach has been reflected in the bank’s recent expansion of its range of banking services and efforts to strengthen its position as a full-service commercial bank.

The Urban Development Fund is one of Egypt’s key national entities operating in urban development. It plays a role in developing governorates’ capitals and major cities and implementing projects aimed at upgrading urban areas and improving quality of life.

The “Darah” project for developing governorates’ capitals and major cities is among the Fund’s flagship projects. Its first phase covered 13 governorates and 24 projects, with significant progress made in implementation.

Moreover, the Fund has previously announced plans to develop hundreds of thousands of residential units, highlighting the potential role of partnerships with the banking sector in broadening access to these projects.

The protocol sets out the framework for cooperation between IDB and the UDF regarding the sale of units in urban development projects in governorates’ capitals and major cities. It also defines the respective roles and obligations of the two sides, ensuring clear working and coordination mechanisms. The partnership reflects a shared vision based on integrating urban development with bank financing to broaden the beneficiary base, expand homeownership opportunities, support economic activity linked to the real estate sector and contribute to Egypt’s objectives of achieving sustainable urban, economic and social development.

Through the partnership, IDB reaffirmed its commitment to playing an active role in development, placing citizens’ needs, banking service development and maximising economic and social impact at the top of its priorities.

Daily News-


Banque du Caire has raised interest rates on several of its savings products as part of its strategy to enhance the competitiveness of its products and provide flexible savings solutions.

The annual interest rate on the Mega Savings account has increased to 18.5% for annual interest payments, 18.25% for quarterly payments, and 18% for monthly payments. The annual interest rate on the EGP Daily Current Account has risen to 17%, with interest paid daily, giving customers greater flexibility in managing their savings in line with their financial needs and objectives.

The move is part of Banque du Caire’s strategy to continue developing its banking products and solutions and enhance the value customers derive from their savings by offering competitive returns while maintaining flexibility and liquidity, alongside different interest payment frequencies. This approach enhances the customer experience and meets evolving customer expectations.

“Developing banking products and enhancing their competitiveness is a key pillar of Banque du Caire’s strategy,” said Ahmed Effat, Deputy CEO of Banque du Caire. “We remain committed to providing innovative banking solutions that meet our customers’ diverse and changing needs. The adjustment of interest rates on our savings accounts and products reflects the bank’s commitment to delivering genuine added value to customers, while offering competitive returns and a range of payment frequencies that provide greater flexibility in managing their savings in line with their financial objectives,” he added.

For his part, Mohamed Tharwat, Head of Retail Banking and Microfinance at Banque du Caire, said, “We continue to develop our retail banking products in line with our customers’ expectations, giving them more diverse and flexible options. Raising the return on the Mega Savings account to 18.5%, alongside increasing the return on the Daily Current Account to 17%, shows our commitment to providing savings solutions that combine attractive returns, flexibility, varied payment frequencies and integrated banking benefits, catering to the needs of different customer segments.”

Banque du Caire’s Mega Savings account offers a competitive annual return of up to 18.5% for higher balance tiers, with monthly, quarterly and annual interest payment options, allowing customers to choose the frequency that best suits their financial needs.

The minimum opening balance is EGP 5,000, while the minimum balance eligible for interest is EGP 100,000. The account is available to individual customers in Egyptian pounds only.

The Mega Savings account also offers a range of additional benefits, including the option to issue a credit card and receive welcome points upon issuance, as well as a free Standard debit card upon first issuance. The account also provides customers aged between 18 and 65 with free life insurance coverage, subject to account balance tiers and the applicable insurance coverage terms.

Customers can also open joint accounts, although insurance coverage is not available in this case. Other benefits include a quarterly account statement and free subscription to the IVR service for enquiries and selected banking transactions.

As part of the update to its interest rates, Banque du Caire has also increased the return on its EGP Daily Current Account, with the highest annual rate reaching 17%.

Interest on the Daily Current Account is calculated based on the account’s daily closing balance, allowing customers to benefit from their balances while retaining access to a comprehensive range of banking services and benefits.

The minimum balance required to earn interest on the Daily Current Account is EGP 500,000. The account also provides a range of banking services and benefits, including cheque books and debit cards for EGP accounts, as well as the option to open joint accounts or accounts in the names of minors.

Additionally, the account allows customers to transfer salaries and pensions, collect cheques and bills of exchange, settle financial obligations and bills, and make transfers. Customers can also receive quarterly account statements and subscribe free of charge to the IVR service for enquiries and selected banking transactions.

Banque du Caire said that it would continue its efforts to develop its banking products and solutions in line with market developments and customers’ evolving needs by offering an integrated portfolio of products and services that combine competitiveness, flexibility and a diverse range of benefits, enhancing the customer experience and supporting customers in achieving their financial objectives.

Daily News-


United Bank has launched a new range of savings and investment products, as well as Sharia-compliant sukuk, offering customers a variety of returns and payment frequencies. The bank has been working to develop its products and provide competitive banking solutions that meet the needs of different customer segments, giving customers a range of options aligned with their financial objectives and requirements.

The new products include a three-year certificate with an upfront return, which offers a fixed return of 40%, paid in full upfront over the certificate’s three-year term. This allows customers to benefit from the return in advance according to their financial needs. The bank also offers three-year certificates with variable returns, with the current return reaching 19.50%, alongside flexible payment frequencies, including daily and monthly payments, allowing customers to benefit from competitive returns while choosing the frequency that best suits them.

The new package also includes the Tamayouz Certificate, with a three-year term and returns of up to 17.25% paid daily and 18% paid monthly. The bank also offers the Namaa Sukuk, a three-year Sharia-compliant instrument, with returns of up to 17.50% paid daily and 17.75% paid monthly.

These savings instruments allow customers to borrow against them and redeem them after six months, subject to the applicable terms and conditions.

The bank also offers a variety of deposits to meet customers’ different needs. These include deposits with upfront returns for terms ranging from 12 to 18 months, offering an upfront return of up to 18.5% over the total deposit term. Additionally, the package includes term deposits with returns paid at maturity, with terms ranging from 12 to 18 months and returns of up to 21.5% over the total deposit period.

United Bank has also introduced monthly-return deposits, offering competitive returns of up to 17%, providing customers with a savings option featuring periodic returns suited to their financial needs.

Furthermore, the bank offers daily-return accounts in both conventional and Islamic formats, with returns of up to 17%. Returns are determined based on the deposit amount and applicable balance tiers, providing customers with greater flexibility in managing their savings while earning daily returns.

United Bank also offers a savings account with returns of up to 18%, depending on the balance tier, with flexible payment frequencies including monthly, quarterly, semi-annual, and annual payments. This allows customers to select the payment frequency that best suits their financial needs. The range of products also extends to foreign-currency savings solutions, including three-year dollar certificates offering flexible return payment frequencies and competitive returns of up to 4.80%.

“We remain committed to continuously developing our banking products in line with market developments and our customers’ changing needs and aspirations. We do so by offering solutions that combine competitive returns, diverse options, and flexibility, providing customers with added value and broader choices aligned with their financial objectives,” said Tarek Fayed.

Daily News-


Suez Canal Bank has partnered with Sonaa El Kheir Foundation to implement the “Marakeb Rezk” initiative in Kebrit El Mafarek Village in Suez Governorate.

The initiative aims to provide 50 fishing boats, fully equipped with fishing tools and supplies, to 100 beneficiaries, with two fishermen assigned to each boat. The initiative is being implemented under the auspices of the Central Bank of Egypt’s Central CSR Unit.

The fishing boats were handed over to the beneficiaries during an event held in Suez Governorate, attended by Moataz Abdel Gelil, Head of Marketing, Corporate Communications and CSR at Suez Canal Bank; Aref Abdel Aziz El Barkawy, Assistant Secretary-General of Suez Governorate; Hatem Metwally, Deputy Head of the Technical Secretariat of the National Alliance for Civil and Development Work; Hany Abdel Fatah, CEO of Sonaa El Kheir Foundation; and Nehal Balbaa, Vice Chairperson of the Board of Trustees at Sonaa El Kheir Foundation.

The initiative aims to support the economic empowerment of beneficiaries by providing them with the tools needed to build a sustainable source of income. It also provides banking services tailored to their needs and the nature of their work, including the “Bedaya – for Craftsmen and Self-Employed” financial inclusion account.

In this context, Moataz Abdel Gelil, Head of Marketing, Corporate Communications and CSR at Suez Canal Bank, said that the “Marakeb Rezk” initiative reflects the bank’s vision for CSR, which focuses on providing integrated community solutions that go beyond direct financial support to beneficiaries. It also creates opportunities for economic empowerment, supports microenterprises and self-employment, and contributes to achieving a lasting economic and social impact.

He added that the bank’s CSR vision focuses on directing its contributions towards initiatives with a sustainable development impact. This reflects the bank’s belief that its role extends beyond providing financial services to becoming a partner in supporting development efforts, in line with Egypt Vision 2030 and the directions of the Central Bank of Egypt.

Hany Abdel Fatah, CEO of Sonaa El Kheir Foundation, said that the “Marakeb Rezk” initiative highlights the importance of cooperation between civil society organisations and the banking sector in implementing development initiatives that respond to the needs of the most vulnerable groups. It also transforms support into real opportunities for work and production, helping improve the living standards of beneficiaries and their families.

Daily News-


Egypt’s Minister of Industry Khaled Hashem has held an expanded meeting with furniture manufacturers, designers, and producers of industry inputs to discuss the sector’s challenges and requirements and explore ways to develop the industry and strengthen its competitiveness in local and international markets.

The meeting was attended by Maha Saleh, Assistant Minister for Industrial Policies; Mahmoud Serag, Vice President of the Federation of Egyptian Industries (FEI); and Khaled Abdel Azim, Executive Director of the FEI.

Discussions focused on deepening local manufacturing and replacing imports in major projects, activating digital marketing platforms, and supporting access to foreign markets through an integrated strategy.

Participants also discussed opening new export markets, particularly in Africa, Libya, and Iraq, while addressing customs and logistics barriers.

The meeting also examined the possibility of launching a comprehensive support programme for small and medium-sized furniture workshops. The programme would include specialised training to enhance the skills of technical workers, as well as governance, monitoring, and quality-control mechanisms to ensure compliance with standards and specifications.

Participants further reviewed the potential establishment of integrated industrial zones bringing together key furniture industry inputs and complementary activities in one location, including wood, foam, glass, and metals, in addition to research and development centres and logistics services. Such zones could help reduce logistics costs and facilitate manufacturing operations for investors and producers.

Hashem said the furniture industry was one of Egypt’s longstanding industrial sectors, with a rich history and an established global reputation, supported by promising competitive advantages that could enable significant growth.

However, he noted that the sector had yet to reach the desired level of performance relative to its actual potential.

He added that the Ministry of Industry was adopting an approach based on direct partnership and field engagement with experts and relevant stakeholders across productive sectors to identify actual needs and practical challenges and translate them into targeted, actionable plans.

The ministry also aims to keep pace with global developments and achieve a qualitative increase in Egyptian exports, he said.

The minister noted that the ministry had intensified field visits to furniture factories and manufacturing centres to assess production performance and identify ways to translate the sector’s competitive advantages into higher production capacity and improved quality.

Hashem stressed the need to establish a distinct identity for Egyptian furniture, strengthen cooperation between designers and manufacturers, and develop skilled craftsmen to ensure consistent quality.

He described design as a major source of added value in the furniture industry and said that upgrading Egyptian products to meet global competitiveness standards was a central objective requiring cooperation between state institutions and the private sector.

Furniture manufacturers and designers welcomed the government’s decision to establish a Local Product Preference Committee, chaired by the Ministry of Industry, saying it would support the growth and protection of Egypt’s furniture industry.

Daily News-


The Financial Regulatory Authority (FRA) has issued two decisions requiring companies and entities operating in consumer finance and medium, small and micro enterprise (MSME) financing to establish real-time connectivity with credit bureau iScore.

The move is part of efforts to strengthen oversight of financing procedures, ensure regulatory supervision extends across all stages of the financing process, and enhance the speed and accuracy of procedures related to creditworthiness assessments and customer reporting.

Under FRA Board Decision No. 174 of 2026, companies licensed to conduct consumer finance activities are required to notify the credit bureau in real time when financing is approved for a customer, when the financing is disbursed, when the customer makes any full or partial payment related to the financing, when the financing is terminated, and when the company takes judicial or legal action in relation to the financing, as well as when the customer’s status changes in relation to such action.

Consumer finance companies are also required to submit data and information on financing granted to their customers to the credit bureau using a form prepared for this purpose within five days following the end of each month.

For companies, associations, and Class A or B non-governmental organisations licensed to provide financing to medium, small, and micro enterprises, FRA Board Decision No. 175 of 2026 requires them to notify the credit bureau in real time in the same cases outlined above: when financing is approved for a customer, when it is disbursed, when the customer makes any full or partial payment related to the financing, when the financing is terminated, when the company takes judicial or legal action in relation to the financing, and when the customer’s status changes in relation to such action.

The two decisions require companies and entities operating in both activities to take the necessary steps to complete electronic connectivity with the credit bureau within three months from the date the decisions take effect, following their publication in the Egyptian Gazette and on the FRA’s website.

FRA Chairperson Islam Azzam said real-time connectivity between companies and entities operating in consumer finance and MSME financing and credit bureau iScore would enhance their ability to make sound financing decisions, contributing to the growth of these activities and improving their efficiency. It would also facilitate the monitoring and regulatory oversight of data.

Azzam added that real-time connectivity would positively affect operational efficiency and financing decisions, representing an important additional step in the regulatory framework governing consumer finance and MSME financing.

He said the move would help ensure the quality of customers’ creditworthiness assessments, facilitate reviews of existing financing, monitor customers’ financial positions, ensure financing is used for its designated purpose, track customers’ fulfilment of their obligations, and address credit risks to maintain the financial soundness of entities operating in these activities.

The FRA chairperson stressed the need for customers’ credit data to be updated accurately and in real time, helping non-bank financing companies and entities make sound financing decisions and reducing the risk of customers falling into financial distress or being exposed to repayment risks. This would positively contribute to the stability of the non-bank financial sector and regulatory efforts to ensure orderly markets.

Azzam said the decision to introduce real-time connectivity builds on the FRA’s efforts to balance the development of activities under its supervision with the protection of customers’ rights through modern digital mechanisms and greater integration among participants in non-bank financial markets, in line with the legislative and regulatory frameworks governing capital markets, insurance, and non-bank financing activities.

Daily News-


Egypt’s Minister of Civil Aviation Sameh El-Hefny held a series of bilateral meetings with transport and aviation ministers and heads of civil aviation authorities from several Arab and African countries on the sidelines of the second edition of the El Alamein International Airshow (EIAS 2026).

The meetings focused on strengthening cooperation, increasing air traffic operations, and exchanging expertise across various civil aviation activities. The meetings were attended by Amr Nagati, Permanent Undersecretary of the Ministry of Civil Aviation; Mohamed Rahma, Regional Director of the International Civil Aviation Organization’s (ICAO) Middle East Office; Reem Oraby, Egypt’s alternate representative to the ICAO Council; Mohamed Salah, Deputy Head of the Civil Aviation Authority for Air Safety; Salma El-Tahan, Head of the Air Transport Sector at the Civil Aviation Authority; and Lamia Sami, Director General of International Relations at the ministry.

El-Hefny began his meetings with Sheikh Hamoud Mubarak, Chairperson of Kuwait’s Directorate General of Civil Aviation, and his accompanying delegation. The two sides discussed areas of cooperation and exchanged views and expertise on a number of civil aviation-related issues.

El-Hefny stressed the importance of continued coordination between the relevant authorities in Egypt and Kuwait, highlighting the depth of bilateral relations and ongoing cooperation between the two countries.

Mubarak reaffirmed Kuwait’s keenness to continue cooperation and exchange expertise with Egypt across various civil aviation fields.

The Egyptian minister also met with Mohsen Ali Haidara Al-Omari, Yemen’s Minister of Transport and Aviation. Discussions covered air safety, air navigation, and training, as well as efforts to develop Yemen’s civil aviation system.

El-Hefny expressed the sector’s readiness to provide the necessary technical and training expertise to support the development of Yemen’s civil aviation system in line with international standards. The Yemeni minister welcomed the prospect of expanding cooperation and benefiting from Egyptian expertise across civil aviation activities.

In another meeting, El-Hefny discussed with Abdulkarim Abdu Haidar, Minister of State for Civil Aviation at Somalia’s Ministry of Transport, ways to increase air transport between Egypt and Somalia and support plans to develop Somalia’s civil aviation sector. The discussions also addressed the potential use of Egyptian expertise in infrastructure, operations, and training.

El-Hefny said Egyptian-Somali relations were developing steadily across various fields, particularly in light of the two countries’ leaderships’ interest in strengthening bilateral cooperation.

He underlined the importance of expanding air transport as a key channel for enhancing connectivity and exchanges between countries and peoples.

The Somali minister expressed appreciation for Egypt’s invitation to participate in EIAS 2026 and praised the organisation of the event and the hospitality extended to participating delegations. He also voiced Somalia’s interest in benefiting from Egyptian expertise in the planned construction of a new airport and increasing air traffic operations between the two countries in the coming period

Daily News-


The Financial Regulatory Authority (FRA) has issued the second edition of the Egyptian Real Estate Valuation Standards, more than 11 years after the first edition, in a new step aimed at improving the efficiency of non-bank financial markets and enhancing the quality and reliability of valuation work related to economic activities at both the local and international levels.

The new standards were issued under FRA Board Decision No. 191 of 2026, in light of the provisions of Law No. 10 of 2009 regulating the supervision of non-bank financial markets and instruments, as well as the laws governing insurance, capital markets, financial leasing, and mortgage finance activities.

The move also seeks to strengthen the FRA’s supervisory and regulatory capabilities by building efficient and transparent markets where valuations are based on clear standards aligned with the latest international standards, while keeping pace with market developments and Egypt’s legislative and economic environment.

The FRA had previously invited market participants to submit proposals in light of changes that had occurred since the first edition of the standards was issued under FRA Board Decision No. 39 of 2015. These consultations ultimately contributed to the development of all components of the second edition of the real estate valuation standards.



Supporting real estate investment and financing



FRA Chairperson Islam Azzam said real estate valuation standards are particularly important in supporting mortgage finance, real estate investment, real estate investment funds, and all activities linked to real estate assets.

This provides strong technical support for these activities’ contribution to the national economy by improving the reliability of valuation work, which in turn enhances their attractiveness to foreign and domestic investors and increases their regional competitiveness, he added.

Azzam said the FRA had ensured that the standards were aligned with the latest International Valuation Standards (IVS), which have been in force since 2025, while also ensuring full compatibility with the legislative and regulatory frameworks governing activities in Egypt.

This would ensure the application of valuation methodologies characterised by transparency, consistency, objectivity, and international comparability, positively supporting related activities in Egypt, he added.



Strengthening professional and ethical standards



The real estate valuation standards require valuers to adhere to ethical principles that prohibit conduct involving dishonesty, fraud, or deception.

Valuers and their supporting teams must possess professional competence, comply fully with the standards, treat all clients fairly and objectively, maintain their independence, and disclose any potential conflicts of interest.

All of this is subject to strict quality control over the valuation process. All data and information related to a valuation must be retained for at least five years from the date the report is prepared, or for two years following the latest legal proceedings relating to the real estate asset being valued.

The standards define the scope and requirements of a valuation, including clear identification of the asset, the accuracy, nature, and sources of information relating to it, the purpose and date of the valuation, and surrounding environmental and social factors.

They also allow the valuer to select the basis most appropriate to the nature of the asset and the purpose of its valuation. The standards identify a number of valuation bases, providing detailed explanations of each basis and all its constituent elements, as well as how to determine the highest and best use of an asset.



Three principal valuation approaches



The standards set out three principal valuation approaches: the market approach, the income approach, and the cost approach. They also specify a range of methods under each approach.

Valuers are required to select one or more of these approaches to value an asset based on the definition of the value being sought and the purpose of the valuation.

Valuers should also consider using multiple approaches and methods to arrive at an indication of value, particularly where factual information is insufficient to reach a reliable conclusion.

The real estate valuation standards also address the data and inputs used in the valuation process to ensure they are utilised as effectively as possible. These must always be based on factual information, such as measurements and published prices.

Valuers should balance such data in terms of accuracy, clarity, completeness, and timing, disclose it transparently in the valuation process, and take into account the impact of environmental, social, and governance factors when calculating an asset’s value. The standards provide examples of these factors to assist valuers.



Enhancing valuation reports and documentation



The standards emphasise that real estate valuation reports and documentation are fundamental pillars of compliance, as they help enhance professional competence, transparency, and comparability, and strengthen confidence in the outcomes of the valuation process in a manner that serves the public interest.

Accordingly, the standards establish minimum requirements for the elements that must be included in a valuation report.

Documentation and reports must be sufficient to explain the valuation approaches and methods used, the inputs and data relied upon by the valuer, and how risks were managed. Results and review procedures must also be documented and retained to ensure their integrity and allow them to be retrieved when required.



Valuation of real estate rights and properties under development



The standards issued by the FRA also cover rights associated with real estate, broadly including ownership, secondary rights such as possession or leasehold rights, and rights of use without exclusive control over the asset.

They define the scope of such rights, the approaches used to value them — market, income, and cost — and methods for determining market rental value.

The standards also establish rules for valuing properties under development, including the construction of new buildings, previously undeveloped land following the installation of infrastructure, the redevelopment of previously developed land, and improvements or modifications to existing structures.



Practical applications to support valuers



In this context, Azzam said the FRA had added a number of important annexes to the standards, comprising a set of practical applications that include all definitions, explanations, and permitted approaches, with the aim of facilitating valuers’ work and helping build their capabilities in this field.

The first application annexed to the standards covers real estate valuation and is supported by illustrations of the valuation process, beginning with selecting the approach, defining the scope of work, and collecting and analysing data.

A second application covers valuation for financial statement preparation purposes, including the relevant steps and references.

A third covers valuation in mortgage finance and financial leasing cases, while a fourth addresses the valuation of projects and properties under construction.

The annexes also include an indicative valuation report template containing all elements that must be taken into consideration.



140-page guide sets out the new standards



The standards are set out in a guide accompanying the decision that runs to more than 140 pages.

It is divided into nine chapters covering the structure of the valuation standards; glossary of terms; valuation framework standard; scope of work standard; bases of value; valuation approaches; data and inputs; valuation models; and, finally, documentation and reporting standards, in addition to the annexes.

Daily News-


Egypt has completed all first-phase projects of the “Decent Life” presidential initiative in Kafr El Sheikh and has commenced second-phase projects, primarily focusing on sanitation in other districts, Prime Minister Mostafa Madbouly announced on Saturday.

Speaking in televised remarks at the conclusion of his tour of the Nile Delta governorate, Madbouly detailed the scope of ongoing service and development projects. He began by highlighting the expansion of the northern drinking water station in Motobas, part of the “Decent Life” initiative to develop the Egyptian countryside, which serves more than 130,000 citizens.

In the village of Al-Jazeera Al-Khadra, Madbouly inspected a family medicine unit and a new technological centre. The centre consolidates administrative services, such as licensing, building violation reconciliation, real estate registration, and civil registry, allowing residents to access services locally rather than travelling to the city or governorate capital.

The Prime Minister also visited Baltim to inspect a large sanitation station and reviewed efforts to dredge Lake Burullus, the country’s second-largest lake. Following a presentation by Arab Contractors, Madbouly ordered a study on the feasibility of creating a second inlet (boghaz) to connect the lake with the Mediterranean Sea and further improve water quality.

During a tour of the governorate’s industrial zone, Madbouly visited medium-sized factories producing items such as fishing nets and plastics. He stressed the importance of these visits to monitor working conditions, wages, and the availability of health and insurance services. Madbouly noted that most workers in these factories are graduates of technical schools earning appropriate wages, sending a message to encourage citizens to pursue industrial work and shift away from traditional cultural biases against factory employment.

The Prime Minister took the opportunity to clarify recent statements regarding salaries in the Suez Canal Economic Zone, stating his remarks had been taken out of context. He reiterated that his goal in citing high salaries was to encourage young people to seek employment in promising new industrial zones and outsourcing centres, which offer competitive incomes.

In the services sector, Madbouly highlighted public-private partnerships, noting a successful model in the “Matrix Club” commercial and sports complex, and the introduction of Kafr El Sheikh’s first international school.

He also underscored the significance of the Kafr El Sheikh Oncology Center. The facility, which provides free treatment, features a 170 million EGP radiotherapy machine that eliminates the need for residents to travel to Cairo or Alexandria for care. The centre is one of 13 specialised oncology facilities affiliated with the Ministry of Health nationwide.

Addressing complaints about delays in the “Safwat Darah” housing project, Madbouly confirmed the project is structurally complete. He explained that final handovers are awaiting the completion of a central sewage lifting station, which serves the broader area and is scheduled for completion by the end of the year.

Daily News-


Egypt’s trade with BRICS countries rose to $36.7bn in the first half (H1) of 2026, compared with $29.3bn during the same period of 2025, an increase of $7.4bn, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS).

The Indian capital hosted the 18th BRICS Leaders’ Summit under the theme “Building for Resilience, Innovation, Cooperation and Sustainability”.

Coinciding with the start of the summit, CAPMAS issued a statement outlining economic relations between Egypt and BRICS countries.



Egypt’s exports to BRICS



According to CAPMAS, Egyptian exports to BRICS countries stood at $6.6bn in the first half of 2026, compared with $7.4bn during the same period of 2025.

Saudi Arabia was the largest BRICS importer of Egyptian goods, with imports worth $1.8bn, followed by the UAE at $1.7bn, India at $868m, China at $841m, and Brazil at $633m.

Egypt’s main exports to BRICS countries during the first half of 2026 included pearls, precious stones, and jewellery worth $1.2bn; vegetables and fruit worth $1bn; mineral fuels, oils, and distillation products worth $844m; fertilisers worth $552m; electrical machinery and equipment worth $400m; and plastics and plastic products worth $304m.



Imports from BRICS countries



Meanwhile, Egyptian imports from BRICS countries reached $30.2bn in the first half of 2026, compared with $21.8bn during the same period of 2025.

China was the largest BRICS exporter to Egypt, with exports worth $10.4bn, followed by the UAE at $5.3bn, Saudi Arabia at $5.2bn, Russia at $3.8bn, and Brazil at $2.4bn.

Egypt’s main imports from BRICS countries during the first half of 2026 included mineral fuels, oils, and distillation products worth $5.2bn; electrical machinery and equipment worth $4.6bn; cereals worth $2.1bn; iron, steel, and related products worth $1.8bn; vehicles, tractors, and bicycles worth $1.3bn; and organic chemicals worth $647m.



BRICS investment in Egypt



According to CAPMAS, investments by BRICS countries in Egypt totalled $6.2bn during fiscal year 2024/2025, while Egyptian investments in BRICS countries amounted to $2.2bn.

The UAE ranked first among BRICS countries investing in Egypt, with investments worth $4.7bn, followed by Saudi Arabia at $1.1bn, China at $277.6m, Russia at $62.4m, and India at $17.8m.



Remittances



CAPMAS data also showed that remittances from Egyptians working in BRICS countries reached $15.7bn in 2024/2025, compared with $9.8bn in 2023/2024.

Meanwhile, remittances from BRICS nationals working in Egypt amounted to $202.5m, compared with $76.2m during the previous fiscal year.

BRICS was established in 2006 with the aim of strengthening economic cooperation among its member states and contributing to a more balanced global economic order.

The group originally comprised Brazil, Russia, India, China, and South Africa. Egypt officially joined the bloc at the beginning of January 2024, alongside Saudi Arabia, the United Arab Emirates, Iran, and Ethiopia. Indonesia officially joined the group in January 2025

Daily News-


Egypt and Uzbekistan are seeking to turn their water cooperation agreement into joint projects focused on smart irrigation, artificial intelligence, digital transformation, and climate adaptation, Egypt’s Ministry of Water Resources and Irrigation said.

Water Resources and Irrigation Minister Hani Sewilam discussed the plans with Uzbekistan’s Ambassador to Cairo Mansurbek Kilichev, calling for the two countries to activate an existing memorandum of understanding and hold the first meeting of their joint working group.

The proposed meeting would draw up a roadmap for cooperation and identify priority projects that could be implemented by the two sides.

Sewilam presented Egypt’s “Water 2.0” strategy, which seeks to expand the use of digital technologies, artificial intelligence, and smart irrigation in water management and climate adaptation.

He also proposed closer cooperation between Egypt’s National Water Research Center and its Uzbek counterparts, including joint applied research projects and greater exchanges between researchers and specialists.

Kilichev said Uzbekistan was interested in drawing on Egyptian experience in water-resource management, particularly in digital transformation, smart irrigation, and modern technologies, citing similarities between some of the water challenges facing the two countries.

The talks also covered a planned visit by a senior Uzbek delegation to Egypt and coordination at international and regional water forums.

Sewilam stressed the importance of international water law principles, including avoiding harm, prior notification and consultation, and cooperation among riparian states.

He also invited Uzbekistan’s Minister of Water Resources to attend the ninth Cairo Water Week in October 2026.

Daily News-


The Egyptian Commercial Service (ECS) office in Baghdad held talks with the Federation of Iraqi Businessmen on September 7, 2026, to explore ways to strengthen trade, investment, and industrial cooperation between Egypt and Iraq.

The meeting was held under the directives of Mohamed Farid Saleh, Minister of Investment and Foreign Trade, and was attended by Samir Qorshi, Commercial Counsellor and Head of the ECS in Baghdad, and Ragheb Reda Blibel, President of the Federation of Iraqi Businessmen, along with members of the federation’s board.

The two sides discussed opportunities to increase trade and diversify exchanged commodities, encourage partnerships between Egyptian and Iraqi companies, and enhance industrial cooperation and technical knowledge transfer. These efforts are expected to support product development, increase added value, and improve competitiveness.

They also agreed to intensify exchanges of business visits and trade delegations, increase companies’ participation in commercial and industrial exhibitions held in both countries, and facilitate the movement of business communities. This includes working to ease procedures related to entry permits and visas to support direct business and investment meetings.

Qorshi invited the federation’s president and members to visit the Home Furnishings Exhibition scheduled to take place in Cairo in October, Destination Africa in November, and the Egyptian pavilion at Iraq Health Expo in October. The ECS also agreed to provide the federation with schedules of trade and investment exhibitions and events held in Egypt.

Abdel Aziz El-Sherif, First Undersecretary at the Ministry of Investment and Foreign Trade and Head of the ECS, said the move was part of efforts to strengthen Egypt’s presence in priority Arab markets and directly connect Egyptian companies with business organisations, importers, and investors in Iraq.

El-Sherif described the Iraqi market as an important opportunity for Egyptian companies across several sectors. He added that the Commercial Representation Service, through its office in Baghdad, was monitoring trade and investment opportunities and presenting them to Egyptian companies to support the growth and diversification of exports.

He also highlighted the importance of cooperation with the Federation of Iraqi Businessmen as a direct channel of communication with Iraq’s business community.

Daily News-


TMG CEO says major developers maintain strong collection rates, while secondary-market slowdown reflects tighter liquidity and monetary policy

Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Group Holding (TMG Holding), said Egypt’s real estate market is operating at normal levels, arguing that the exceptional activity witnessed in 2023 and 2024 was largely driven by inflation, currency depreciation, and sharp increases in construction costs.

Speaking during a phone interview with television host Amr Adib on MBC Masr’s Al Hekaya programme, Moustafa dismissed concerns over a broad crisis affecting Egypt’s major real estate developers, pointing to their strong customer collection rates and financial positions.

He said TMG Holding’s customer collection rate stands at 99.6%, meaning that defaults represent approximately four per 1,000.

According to Moustafa, similarly high collection rates have been reported by other major developers in their officially disclosed financial data, which he said indicates that concerns over widespread financial distress among Egypt’s leading real estate companies are not supported by their reported performance.

Moustafa acknowledged that some smaller developers are facing difficulties, particularly companies that entered the sector over the past five or six years. However, he estimated that sales associated with these companies account for only around 1% to 2% of the overall market.

He added that the government is working to address and resolve problems facing some of these companies, arguing that difficulties affecting such a limited share of the market should not be interpreted as evidence of a broader real estate crisis.

2023 and 2024 were exceptional years

Moustafa attributed the extraordinary momentum in Egypt’s property market during 2023 and 2024 to the inflationary environment that prevailed during the period.

The depreciation of the Egyptian pound, combined with substantial increases in the prices of construction materials and other inputs, encouraged a segment of investors to purchase real estate as a hedge against inflation and in anticipation of further price increases, he explained.

This resulted in a significant influx of investment-driven demand, with some buyers entering the market primarily to benefit from capital appreciation rather than purchasing properties for long-term use.

Moustafa said the situation has since changed as monetary conditions tightened and liquidity declined.

He linked the slowdown in Egypt’s secondary real estate market to monetary policy measures implemented during 2025 and 2026 to curb inflation, saying that reduced liquidity has affected purchasing power and the speed at which properties can be resold.

According to Moustafa, the large number of investors who entered the property market during the inflationary surge of 2023 and 2024 eventually contributed to an increase in the supply of units offered for resale.

As liquidity and purchasing power subsequently weakened, investors seeking to exit some of these positions began requiring more time to find buyers, resulting in slower activity in the secondary market.

However, Moustafa stressed that this should be viewed as a period of market readjustment rather than a structural crisis.

He said sales and unit transfers continue to take place normally, while current market conditions represent a return towards more sustainable levels following two years of exceptional inflation-driven activity.

Moustafa maintained that the financial performance and collection rates of Egypt’s major developers remain key indicators of the sector’s underlying strength, distinguishing their position from the challenges facing a relatively small number of newer and smaller market participants.

Daily News-


Campaign coincides with first-phase handovers as Nour moves from development to operational stage

Talaat Moustafa Group Holding (TMG Holding) has launched its “Nour Nawaret” campaign as more than 4,000 units in the first phase of its Nour development in East Cairo enter the delivery stage, marking a significant transition for the project from construction and development to the gradual operation and occupancy of the city.

The campaign comes as the first batch of homes prepares to welcome residents, allowing customers to experience elements of the development that had previously been presented primarily through masterplans, designs, and marketing material.

Featuring Egyptian actors Ahmed Malek and Ahmed Ghozzi, the “Nour Nawaret” campaign focuses on the city’s technology, sustainability, services, and lifestyle proposition rather than solely on its residential units.

The start of deliveries gives the campaign a tangible dimension, with the project’s infrastructure, residential areas, and services beginning to move from planning and construction into actual use.

‘Nour Nawaret’ gains traction on social media

The campaign has generated significant engagement across social media platforms, attracting millions of views and a large volume of audience interaction.

Social media users praised both the production of the advertisement and the scale of the development, with comments describing the campaign as “amazing” and “high-level”, alongside positive reactions to TMG’s execution of the project.

Some of the online discussion also focused on TMG CEO and Managing Director Hisham Talaat Moustafa and the group’s position within Egypt’s real estate market.

The campaign’s reach has gained further momentum from its timing alongside the beginning of actual unit deliveries, connecting the marketing push to a visible milestone in the development of the city rather than promoting a project that remains solely under construction.

More than 4,000 units enter delivery phase

More than 4,000 units in Nour’s first phase are entering the delivery stage, paving the way for the gradual arrival of residents and activation of the city’s different components.

The milestone represents a new test for the development, as construction quality, services, infrastructure, maintenance, and residents’ overall experience become directly observable by existing and prospective customers.

TMG is developing Nour over approximately 5,000 feddans in East Cairo, positioning the project as an integrated smart city combining residential communities with commercial, recreational, sporting, and social facilities.

The masterplan includes a central services district, commercial and entertainment areas, and a sports and social club, alongside infrastructure designed to support the city’s large residential population.

Smart technology at the heart of Nour

Technology is a central component of the development’s proposition, extending from city management and security systems to transportation and individual homes.

The city incorporates smart access and security systems, including facial-recognition technologies, as well as an internal smart transportation network with designated routes and schedules. Information screens are designed to provide residents with details on transport routes and timings.

Connectivity infrastructure includes Wi-Fi coverage in public areas, while electric vehicle charging stations form part of the city’s transport and sustainability infrastructure.

Smart technology also extends inside residential units through home automation systems that allow residents to manage a range of household functions and services through connected devices and applications.

Security features include video intercom and facial-recognition systems, while technology-supported maintenance systems are designed to facilitate the detection and identification of faults and enable faster responses.

Nour’s sustainability infrastructure includes smart lighting, solar energy solutions, electric vehicle charging facilities, and water and irrigation management systems. Water reuse for landscaping is also incorporated into the development’s approach to managing resources.

Together, these systems are intended to integrate technology, sustainability, and day-to-day services into the operation of the city rather than treating smart infrastructure as a standalone feature.

Deliveries put execution in focus

The beginning of handovers comes at a time when Egypt’s property market is increasingly focused on developers’ ability to convert strong sales volumes into completed, delivered, and operational communities.

For Nour, bringing more than 4,000 units into the delivery phase provides an opportunity to demonstrate the project’s execution on the ground and establish an initial resident base.

The experience of the first residents could also become an important factor in purchasing decisions during subsequent phases, particularly as prospective buyers gain the ability to assess completed units, infrastructure, services, and public spaces directly.

TMG’s broader delivery figures indicate an acceleration in handovers. The group delivered approximately 3,196 units during 2025, while deliveries reached 1,459 units during the first half of 2026, compared with 631 units in the corresponding period of 2025.

The first-half figures represent an increase of around 131% year-on-year, reflecting a significant acceleration in the group’s delivery pace.

The launch of “Nour Nawaret” therefore comes at a pivotal stage for Nour, combining a major marketing campaign with the transition towards actual occupancy.

With thousands of units entering the delivery stage, the project’s next phase will increasingly be shaped by residents’ experience and the operation of its infrastructure and services, as Nour begins its transition from a large-scale development project into an inhabited urban community.

Egypt OIL & GAS-


Egypt’s Ministry of Petroleum and Mineral Resources (MoPMR) discussed cooperation with Kenya to exchange expertise in green manufacturing, biofuels, energy efficiency and emissions reduction, as both sides seek closer coordination on energy and climate projects.

The talks took place during a visit by Ali Mohamed, Special Envoy of the President of Kenya for Climate Change, who met Mahmoud Nagy, Undersecretary at the Ministry overseeing environment, safety, energy efficiency and climate affairs and the ministry’s spokesperson.

Officials from the Egyptian Petrochemicals Holding Company (ECHEM) and members of the ministry’s energy efficiency and climate team also attended.

The discussions covered carbon emissions reduction, energy efficiency, circular economy practices and ways to share technical experience between Egypt and Kenya.

The ministry presented Egypt’s work on improving operational efficiency, cutting emissions and expanding green manufacturing practices across the petroleum and petrochemical sectors.

ECHEM officials also reviewed projects under development, including sustainable aviation fuel from used cooking oil, bioethanol production, green ammonia and low-carbon urea fertilizers.

The Kenyan side presented its experience in geothermal power generation, with both parties discussing possible technical cooperation and knowledge exchange in the sector.

Both sides agreed to continue coordination through Egypt’s Ministry of Foreign Affairs to advance the areas discussed.

The talks build on Egypt’s expanding biofuel projects. In October 2025, ECHEM secured $135 million in long-term financing for the Egyptian Bioethanol Company’s Damietta project, which targets annual production of 100,000 tons of low-emission biofuel using sugar beet molasses as feedstock.

The project is expected to support domestic biofuel production and reduce emissions while supplying fuel and industrial applications.

EGX 30 index closed at 56,280.17 points, recording a decline of 0.39%. EGX70 EWI
index posted 0.32% gain concluding the day at 21,403.27 points, while EGX100 EWI
index rose by 0.17% and concluded the day at 27,997.27 points.
EGX 33 Shariah Index declined by 0.12% and concluded the day at 6,755.59 points .
EGX 30 index capped declined by 0.31% and concluded at 69,847.4 points.

Total market capitalization reached EGP 4,408.2 billion at end of day, representing a
decrease of 0.41% over the day, as presented in the below table.

Company name: El Shams Housing & Urbanization
Date: 13-09-2026
Time:3:00 PM
Type: ordinary general assembly
Address: At the company headquarters located at 26 Sharif Street, Immobilia Building – Abdeen District, Cairo.
Details consider the following agenda:
1 - Ratifying the Board of Directors’ Resolution No. (25/2026) at its session No. (4) held on 8/2/2026 regarding the appointment of Mr. Muhammad Ali Zain Al-Abidin Muhammad as CEO of the company and approving the management powers delegated to him by the Board.

Company name: Tenth Of Ramadan Pharmaceutical Industries&Diagnostic-Rameda
Date: 13-09-2026
Time:3:00 PM
Type: Extraordinary general assembly
Address: At the company headquarters located in Plot No. 5, Second Industrial Zone - 6th of October - Giza Governorate, and via remote communication and voting technology.
Details consider the following agenda:
1. Amendment of Articles (19, 25, 27, 35, 41, and 47) of the Company's Articles of Association.

2. Consideration of authorizing the Chairman of the Board of Directors to sign the agreement amending Articles (19, 25, 27, 35, 41, and 47) of the Company's Articles of Association and to incorporate any amendments that may be requested by any administrative body.

Issuer Name : Global Corp Securitization 2nd Iss 2nd Pro Tranche C Jan 2030
ISIN Code : EGB69761S223
Reuters Code : EGBGLSC2P2CCV
Interest Type : Floating
Coupon Interest : 20.6%
Coupon Amount : EGP 1.7238543387
Coupon Number : 10
Coupon Date : 13/08/2026
Coupon Payment Date : 16/08/2026

Issuer Name : Global Corp Securitization 1st Iss 3rd Pro Tranche C May 30
ISIN Code : EGB69761S322
Reuters Code : EGBGLSC1P3CCV
Interest Type : Floating
Coupon Interest : 20.5%
Coupon Amount : EGP 1.797260274
Coupon Number : 3
Coupon Date : 13/08/2026
Coupon Payment Date : 16/08/2026

Issuer Name : Global Corp Securitization 1st Iss 3rd Pro Tranche B May 29
ISIN Code : EGB69761S314
Reuters Code : EGBGLSC1P3BCV
Interest Type : Floating
Coupon Interest : 20.4%
Coupon Amount : EGP 1.7884931507
Coupon Number : 3
Coupon Date : 13/08/2026
Coupon Payment Date : 16/08/2026

Issuer Name : Global Corp Securitization 2nd Iss 2nd Pro Tranche B Sep 28
ISIN Code : EGB69761S215
Reuters Code : EGBGLSC2P2BCV
Interest Type : Floating
Coupon Interest : 20.45%
Coupon Amount : EGP 1.7123090965
Coupon Number : 10
Coupon Date : 13/08/2026
Coupon Payment Date : 16/08/2026

Issuer Name : Global Corp Securitization 1st Iss 3rd Pro Tranche A May 28
ISIN Code : EGB69761S306
Reuters Code : EGBGLSC1P3ACV
Interest Type : Floating
Coupon Interest : 20.3%
Coupon Amount : EGP 1.7547602639
Coupon Number : 3
Coupon Date : 13/08/2026
Coupon Payment Date : 16/08/2026
Notes :
Bond Redemption: EGP 1.8898279114

Issuer Name : Global Corp Securitization 2nd Iss 2nd Pro Tranche A Sep 27
ISIN Code : EGB69761S207
Reuters Code : EGBGLSC2P2ACV
Interest Type : Floating
Coupon Interest : 20.35%
Coupon Amount : EGP 1.0819981224
Coupon Number : 10
Coupon Date : 13/08/2026
Coupon Payment Date : 16/08/2026
Notes :
Bond Redemption: EGP 2.4569618726