Insider Trading Executions: Trading Session 1/ 6 /2026
Company Name: Pyramisa Hotels
Position: Insider
Transaction: Buy
Number of Shares: 1000

Insider Trading Executions: Trading Session 1/ 6 /2026
Company Name: Pyramisa Hotels
Position: Insider
Transaction: Buy
Number of Shares: 1000

Insider Trading Executions: Trading Session 1/ 6 /2026
Company Name: Pyramisa Hotels
Position: Insider
Transaction: Buy
Number of Shares: 1000

Insider Trading Executions: Trading Session 1/ 6 /2026
Company Name: Pyramisa Hotels
Position: Insider
Transaction: Sell
Number of Shares: 11030

Insider Trading Executions: Trading Session 1/ 6 /2026
Company Name: Pyramisa Hotels
Position: Related Parties for Insider
Transaction: Buy
Number of Shares: 999

Insider Trading Executions: Trading Session 1/ 6 /2026
Company Name: Pyramisa Hotels
Position: Related Parties for Insider
Transaction: Buy
Number of Shares: 1000

Insider Trading Executions: Trading Session 1/ 6 /2026
Company Name: El Obour Real Estate Investment
Position: Major shareholder
Transaction: Sell
Number of Shares: 163139

Insider Trading Executions: Trading Session 1/ 6 /2026
Company Name: Mena Touristic & Real Estate
Investment
Position: Major shareholder
Transaction: Sell
Number of Shares: 95000

Insider Trading Executions: Trading Session 1/ 6 /2026
Company Name: Development & Engineering
Consultants
Position: Insider
Transaction: Buy
Number of Shares: 700

Insider Trading Executions: Trading Session 1/ 6 /2026
Company Name: Development & Engineering
Consultants
Position: Insider
Transaction: Buy
Number of Shares: 500

Insider Trading Executions: Trading Session 1/ 6 /2026
Company Name: Commercial International BankEgypt (CIB)
Position: Insider
Transaction: Sell
Number of Shares: 500

Insider Trading Executions: Trading Session 1/ 6 /2026
Company Name: Taaleem Management Services
Position: Insider
Transaction: Buy
Number of Shares: 90394

Insider Trading Executions: Trading Session 1/ 6 /2026
Company Name: U Consumer Finance
Position: Related Parties for Insider
Transaction: Buy
Number of Shares: 40

Insider Trading Executions: Trading Session 1/ 6 /2026
Company Name: U Consumer Finance
Position: Related Parties for Insider
Transaction: Buy
Number of Shares: 40

Insider Trading Executions: Trading Session 1/ 6 /2026

Company Name: Arab Valves Company

Position: Related Parties for Insider

Transaction: Buy

Number of Shares: 223322

Insider Trading Executions: Trading Session 1/ 6 /2026

Company Name: Arab Valves Company

Position: Related Parties for Insider

Transaction: Buy

Number of Shares: 200000

Insider Trading Executions: Trading Session 1/ 6 /2026
Company Name: Sabaa International Company For
Pharmaceutical and Chemical
Position: Major shareholder
Transaction: Sell
Number of Shares: 200000

Insider Trading Executions: Trading Session 1/ 6 /2026
Company Name: Eastern Tobacco
Position: Insider
Transaction: Buy
Number of Shares: 2800

Insider Trading Executions: Trading Session 1/ 6 /2026
Company Name: El Ahram Co. For Printing And Packing
Position: Insider
Transaction: Sell
Number of Shares: 140000

Insider Trading Executions: Trading Session 1/ 6 /2026
Company Name: El Ahram Co. For Printing And Packing
Position: Insider
Transaction: Sell
Number of Shares: 116552

Trading Economics-


The FTSE 100 fell more than 0.5% on Monday, Defence stocks led the declines, with BAE Systems down 5%, Babcock losing 4.5% and Rolls Royce falling 5.5%. Major banking and pharmaceutical shares also came under pressure, weighing on the index. In contrast, oil majors Shell and BP gained 2.7% and 3.1% respectively as crude prices advanced. EasyJet surged more than 7.5% after responding to reports of takeover interest from Castlelake, stating it had not received any approach or proposal. Entain added over 5% following a report that a takeover bid may be in preparation for its US joint venture partner. On the data front, Nationwide reported that UK house prices fell 0.6% in May, marking the largest monthly decline since June 2025 and exceeding economists’ expectations.

Trading Economics-

The DAX 40 reversed earlier marginal gains, falling 0.4% to settle at 24,994 on Monday, in line with other European peers,Energy-sensitive industrial stocks, particularly defense and aerospace names such as Rheinmetall (-6.6%), Airbus (-4.3%), and MTU Aero Engines (-3.9%), came under heavy pressure. Other top losers included Bayer (-3.6%), Qiagen NV (-2.7%) and Heidelberg Materials (-2.5%). On the opposite side, software stocks were among the biggest gainers, with SAP surging more than 8%.

Trading Economics-


European stocks closed firmly lower on Monday, pulling back from robust morning trading,The Euro STOXX 50 fell 0.5% to 6,023 and the STOXX Europe 600 lost 0.9% to 620. Energy prices surged and sovereign yields in the Eurozone rose sharply, denting growth prospects should an agreement that restores tanker flows not be reached soon. Intesa Sanpaolo and Allianz dropped 1.8% due to the rise in yields, while Airbus, Safran, and Siemens energy lost on higher energy costs. In turn, SAP surged 8%, tracking US software giants after Nvidia announced it will produce chips for personal computers.

Trading Economics-


The S&P/TSX Composite Index shed 0.1% to close at 34,735 on Monday, weighed down by losses in heavyweight financial and mining stocks as signs of renewed escalation in the Middle East hurt risk appetite and sent oil prices higher. RBC lost 1.3%, Scotiabank shed 1.5%, and CIBC fell 2.5%, while TD Bank dropped 2.8% after BMO (+0.6%) hired senior executive Trevor van Arragon from its rival. Mining shares also declined as gold prices fell, with Agnico Eagle down 3.6% and WPM losing 3.8%. In contrast, Shopify jumped 4.4%, tracking a tech rally on Wall Street after Nvidia unveiled a new advanced processor for PCs.

Trading Economics-


The Ibovespa lost 0.9% to close at 172,197 on Monday as signs of renewed escalation in the Middle East hurt risk appetite and revived concerns about inflation and interest rates.Banks led losses, with Itaْ down 1.7%, Bradesco shedding 1.1%, and Itaْsa losing 1.2%. Meanwhile, the S&P Global Brazil Manufacturing PMI fell to 49.1 in May from 52.6 in April, signaling a renewed contraction in factory activity and weighing on industrial stocks such as WEG, which dropped 2.5%. Utilities also pressured the index, with Auren down 2.4%. In contrast, Petrobras gained 0.9%, supported by higher oil prices.

Trading Economics-


South Korea’s annual inflation rate accelerated to 3.1% in May 2026 from 2.6% in the previous month, surpassing market forecasts of 3.0%. It was the highest reading since March 2024, highlighting the deepening effects of higher oil prices amid the Middle East conflict, with food prices rising the most in three months (1.6% vs 0.3% in April). Inflation also accelerated for housing and utilities (1.8% vs 1.7% in April), transport (11.6% vs 9.7%), clothing and footwear (2.8% vs 2.1%), recreation and culture (5.0% vs 3.4%), education (1.3% vs 1.1%), tobacco (0.3% vs 0.1%), and furnishings, household equipment, and routine maintenance (2.6% vs 1.9%). Meanwhile, inflation was steady for communication (0.6%), restaurant and hotels (2.7%), and miscellaneous goods and services (4.1%). On a monthly basis, consumer prices increased by 0.5%, the same pace as in April. Still, it was the fastest monthly increase since September 2025 and exceeded market estimates of 0.3%.

Trading Economics-


The Shanghai Composite rose 0.43% to close at 4,075 on Tuesday, while the Shenzhen Component advanced 1.63% to 15,591, with both benchmarks rebounding from one-month lows as technology stocks led the recovery. Gains were driven by strong performances from AI-related names, including Cambricon Technologies (5.57%), Hygon Information Technology (3.29%), Zhongji Innolight (5.58%), Eoptolink Technology (9.53%), and NAURA Technology (2.49%), as China seeks to position itself at the center of the next wave of AI development, while a growing number of robotics firms preparing for initial public offerings reinforced optimism toward the country's technology sector. Meanwhile, conflicting remarks from US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu regarding recent discussions on the conflict in Lebanon underscored the uncertainty surrounding negotiations, adding to concerns about the broader geopolitical outlook as it entered its fourth month.

Trading Economics-


The NZX 50 fell 74 points, or 0.6%, to close at 13,171 on Tuesday, after gaining in the previous session, as traders resumed activity following a holiday on Monday,The broader index pulled back from its highest level since May 7, reached on Friday, mainly weighed down by materials, financials, energy, and consumer discretionary stocks. Traders continued to assess comments from RBNZ Governor Anna Breman, who said last week that the Official Cash Rate is likely to rise sooner and more sharply than previously indicated. Caution also prevailed ahead of the release of US PMI and jobless claims figures due later this week. Among the biggest laggards were ANZ Group (-4.1%), Vulcan Steel (-3.6%), Infratil (-3.0%), Chorus (-2.3%), Westpac Banking Corp. (-1.8%), Australian Foundation Investment (-1.8%), F&C Investment (-1.7%), Hallenstein Glasson (-1.6%), and Fisher & Paykel (-1.3%).

Trading Economics-


Switzerland's trade surplus widened to CHF 3.2 billion in April 2026 from a downwardly revised and more-than-two-year low of CHF 2.6 billion in the previous month. Exports edged up 0.1% month-over-month to a three-month high of CHF 22.3 billion, as the decline in chemical and pharmaceutical products (-3.1%) was offset by stronger shipments of machinery, electronics and equipment (5.5%) and watches (5%). By destination, exports to Asia climbed 9.8%, while shipments to North America surged 16.2%. However, exports to Europe slumped by 11.6%, with shipments to EU countries falling 12.3%. Meanwhile, imports dropped 3.0% month-over-month to CHF 19.0 billion, mainly due to lower purchases of chemical and pharmaceutical products (-16.2%) and food, feed, and beverages (-1.3%). By region, the decline was led by lower imports from Europe (-1.1%), while arrivals from North America (7%) and Asia (4.4%) posted growth.

Trading Economics-


The ASX 200 ended little changed at 8,724 on Tuesday, recovering from early weakness as gains in tech services, healthcare, and non-energy minerals offset losses in retail trade, process industries, and financials. Traders anticipated Australia's GDP readings for Q1, due on Wednesday, seeking cues on the central bank's monetary policy path ahead of its meeting later this month. Meanwhile, fresh data released today showed business stocks in Australia rebounded in Q1 after falling in the prior two periods. However, corporate profits during the period fell after solid growth in Q4. Meanwhile, Q1 current account deficit hit a record peak, underperforming forecasts. The four major banks fell between 0.2% and 3.9%, while other notable losers included PLS Group (-2.8%), Woodside Energy (1.8%), and Aristocrat Leisure (1.3%). On the upside, Northern Star Resources jumped 13.6% after activist investor Elliott Investment disclosed an over AUD 1 billion stake and called for a strategic review.

Trading Economics-


The benchmark KOSPI rose 0.15% to close at a record high of 8,801 on Tuesday, as gains in technology stocks offset profit-taking and broader market caution. Samsung Electronics climbed 3.15%, while SK Square surged 6.13%. Sentiment remained supported by optimism over artificial intelligence demand after Nvidia unveiled a new AI-focused chip and discussed AI memory cooperation with SK Group, reinforcing expectations for sustained strength in South Korea's semiconductor sector. Still, gains were limited by concerns over rising inflation and elevated oil prices. South Korea's annual inflation rate accelerated to 3.1% in May, the highest in more than two years, reinforcing expectations that the Bank of Korea could maintain a hawkish policy stance for longer.

Trading Economics-


India’s BSE Sensex closed about 0.5% firmer at 74,650 after another volatile session on Tuesday, halting a four-day losing streak, as investors stepped in to buy beaten-down large-cap and technology stocks.Technology stocks remained the top performers, driven by ongoing optimism around global artificial intelligence investment and strong expectations for software demand. Tata Consultancy Services emerged as the top gainer, rising 6.5%, followed by Infosys (5.7%), HCL Technologies (4.1%) and Tech Mahindra (1.8%). Adani Ports and Titan also advanced firmly, up 1.8% and 1.3%, respectively. On the downside, NTPC dropped 2.9%, following NHPC lower after the government announced an offer for sale of shares at an 8% discount. Axis Bank (-1.7%) and Power Grid (-1.4%) followed closely.

The Central Bank of Egypt(CBE) withdrew EGP 38 billion in liquidity from the open market today through three participating banks, at an interest rate of 19.50%.

The Central Bank had previously issued instructions regarding the rules governing its main deposit-linking operation in the open market. This operation, conducted weekly through a fixed-price auction, involves announcing the size of the operation and accepting bids based on the ratio of each bank's bid to the total bids submitted, with the main operation's rate applied.

The Central Bank emphasized that, in line with its commitment to following international best practices in managing excess liquidity in the banking system and enhancing the effectiveness of monetary policy decisions, it has decided to change the method for accepting bids in its main deposit-linking operation from an allocation method to accepting all submitted bids. The results of each operation will be published on the Central Bank of Egypt's website. The central bank will continue to manage liquidity in a way that achieves balance to ensure consistency with its operational objective of maintaining the weighted average overnight yield rate in the interbank market around the main transaction rate, which is the average corridor rate.

The Central Bank of Egypt(CBE) is offering fixed-rate treasury bonds on its website today, Tuesday, with a value of EGP 35 billion for three years and EGP 10 billion for five years. The bank stated on its website that the value of the three-year fixed-rate bonds is EGP 35 billion, with interest paid semi-annually, and they will mature on June 2, 2029. The value of the five-year bonds is EGP 10 billion, with interest paid semi-annually, and they will mature on May 26, 2031.

The Monetary Policy Committee of the Central Bank of Egypt, in its last meeting, decided to maintain the key interest rates. Accordingly, the overnight deposit and lending rates and the Central Bank's main operation rate were kept unchanged at 19.0%, 20.0%, and 19.5%, respectively. The discount rate was also kept unchanged at 19.5%. The Ministry of Finance authorizes the Central Bank, throughout the fiscal year, to manage its own offerings of treasury bills and bonds in Egyptian pounds, provided that the proceeds are financed and spent on the items of the state’s general budget for the current fiscal year.

The Central Bank of Egypt(CBE) is offering treasury bills worth EGP 60 billion today, Tuesday, with maturities of 91 and 182 days, in coordination with the Ministry of Finance. This will be done through two tranches: the first tranche is worth EGP 15 billion with a 91-day maturity, while the second tranche is worth EGP 45 billion with a 182-day maturity.

Treasury bills are a government debt instrument issued with maturities ranging from three months to one year; therefore, they are considered short-term securities.

The Monetary Policy Committee of the Central Bank of Egypt, in its last meeting, decided to maintain the key interest rates unchanged. Accordingly, the overnight deposit and lending rates and the Central Bank's main operation rate were kept at 19.00%, 20.00%, and 19.50%, respectively. The discount rate was also kept at 19.50%. The Ministry of Finance authorizes the Central Bank, throughout the fiscal year, to manage its own offerings of treasury bills and bonds in Egyptian pounds, provided that the proceeds are financed and spent on the items of the state’s general budget for the current fiscal year.

Youm7-

Reducing Documents and Streamlining Procedures to Shorten Release Times

Customs procedures will begin immediately upon the arrival of goods at ports, pending the submission of a delivery order before release.

The importer's name on the bill of lading will suffice when submitting the customs declaration.

We aim to ease burdens and obligations on the business community to enhance the competitiveness of the Egyptian economy.

Minister of Finance Ahmed Kouchouk affirmed that new customs facilitations represent a step towards easing procedures for the business community and reducing their burdens and obligations. This will enhance the competitiveness of the Egyptian economy, contribute to boosting trade, stimulate productive activities, and attract more investment flows. He explained that they are working to reduce the required documents and streamline procedures for importers and exporters.

Ahmed Kouchouk stated that some provisions of the executive regulations of the Customs Law have been amended to accelerate the reduction of customs clearance times, facilitate investment, improve the efficiency of customs services provided to importers and exporters, and enhance logistical performance indicators.

The Minister of Finance explained that customs procedures can now begin immediately upon the arrival of goods at ports, without requiring a delivery order with the customs declaration. This order will be completed before the final release of the goods. He also noted that the importer's bill of lading is now sufficient when submitting the customs declaration, ensuring that all necessary requirements are met before final release. This approach aims to strike a balance between expediting procedures and safeguarding the state's revenues.

Ahmed Amouy, Head of the Customs Authority, stated that this decision followed a series of meetings and technical discussions with various stakeholders, including the Ministry of Transport, shipping chambers, shipping agencies, chambers of commerce, and MTS, to develop a practical mechanism that benefits all parties and facilitates the smooth flow of trade.

He added that this new step is part of the ongoing development of the customs system and will contribute to reducing the time required for goods release.

- Suez Canal Economic Zone revenues are projected to rise from EGP 2.8 billion in 2016/2017 to EGP 11.6 billion in 2024/2025.

- Advanced and technological industries will be at the forefront of openings in the Suez Canal Economic Zone starting in 2026.
- East Port Said Port ranks third globally in the World Bank's Port Performance Index for container traffic.
- Ain Sokhna Port enters the Guinness World Records as the deepest man-made land-based port basin.

The Cabinet's Media Center published several infographics on its social media platforms, titled: "The Suez Canal Economic Zone: An Industrial Hub Reshaping the Manufacturing Landscape," to highlight key economic performance indicators and the successes achieved by the zone recently.

The infographics highlighted key projects inaugurated in the Suez Canal Economic Zone since the beginning of 2026. These included the Camstone Advanced Industries project, with an $8 million investment, producing 2 million square meters of high-quality SPC flooring annually; and the expansion of the Kadmar International Logistics Center, with a $24 million investment and a storage capacity of 34,000 tons per year.

Other inaugurations included the Modern Hygiene sanitary products factory, with a $100 million investment and a production capacity of 1.2 billion units and 4,500 tons of raw materials annually; and the Go Steel steel pipe manufacturing plant, with a $45 million investment and a production capacity of 72,000 tons per year. The event also included the inauguration of the Elite Solar Suez Technology project, with investments of $40 million and a production capacity of 2 gigawatts, and the Elite Solar Green Energy project, with investments of $76 million and a production capacity of 3 gigawatts, both within the Elite Solar solar energy technology complex.

Regarding the region's successes, the infographics indicated that its revenues more than tripled, reaching EGP 11.6 billion in 2024/2025, compared to EGP 2.8 billion in 2016/2017.

The region's ports also achieved outstanding performance, with Ain Sokhna Port receiving a Guinness World Record certificate for the deepest man-made land-based port basin, at a depth of 19 meters. East Port Said Port ranked third globally in the 2024 Port Performance Index for Container Terminals, according to the World Bank. It was also listed among the top 100 global ports for 2025 by Lloyds List. Furthermore, it received the MV PAROSHIP, the largest dry bulk carrier to call at an Egyptian port, in April 2026. Regarding the performance of industrial zones within the Suez Canal Economic Zone, total investments in the Ain Sokhna Industrial Zone reached $33.1 billion across 547 projects, creating over 133,000 direct jobs, in addition to 88 supporting and service activities. Total investments in the West Qantara Industrial Zone reached $1.5 billion across 52 projects, providing approximately 72,000 direct jobs.

The infographics indicated that total investments in the East Port Said Integrated Industrial Zone reached $367 million across seven projects, creating approximately 2,000 direct job opportunities. Meanwhile, investments in the first phase of the Technology Valley projects in the East Ismailia Industrial Zone amounted to approximately $59 million across four projects, generating over 900 job opportunities.

These figures highlight the Suez Canal Economic Zone as one of the most important industrial and logistical hubs in Egypt and the region. This is due to its integrated investment environment, which combines a strategic location on global trade routes with advanced infrastructure, a modern and interconnected port network, and well-equipped industrial zones that accommodate diverse production activities. This contributes to attracting foreign investment, enhancing the integration of supply chains, and supporting the state's drive to increase production and export rates, thereby establishing a competitive, productive economy.

Youm7-

Minister of Industry Khaled Hashem affirmed that Egypt is a leading country in the manufacturing and export of food products. He noted that the Ministry of Industry's strategy for the period 2026-2030 has placed the food industry among the key sectors targeted for expansion in the coming years, both in the domestic market and for export.

Exhibition Events

During his participation in the opening of the "Propack MENA" and "Africa Food Raw Materials" exhibitions, the Minister stated that the new strategy also focuses on supporting enabling industries related to the sector, particularly mechanization and packaging technology, as these industries contribute to import substitution and saving foreign currency.

He added that the exhibition represents an important platform for opening new export markets, especially with the participation of delegations from African countries and various international markets. This enhances opportunities for integration in global supply chains and supports increased Egyptian exports.

Khaled Hashem explained that export expansion will not be limited to finished food products alone, but will extend to exporting locally manufactured packaging equipment and machinery, in line with the state's direction towards deepening local manufacturing and increasing the added value of Egyptian industry.

Egyptian Exports

He pointed out that Egyptian exports are witnessing continuous growth, emphasizing that key industrial sectors and their related complementary industries will be the driving force behind exports in the coming period, supporting the state's objectives to increase export revenue.

Regarding current challenges, the Minister of Industry acknowledged regional and global pressures resulting from geopolitical situations and wars, but affirmed the continued coordination between the Ministry, the Federation of Egyptian Industries, and the Chambers of Commerce to develop proactive solutions to address any potential repercussions.

He stressed that the current government's priority is ensuring the continuity of production and providing fuel and operating supplies for factories, thus maintaining the stability of the production process and preventing market disruptions.

The Minister affirmed that increasing reliance on local components is a top priority within the industrial strategy, explaining that manufacturing packaging machinery in Egypt is one of the main objectives the Ministry is working to achieve in the coming period.

Data from the Central Bank of Egypt revealed that domestic liquidity in the banking sector rose to EGP 15.137 trillion at the end of April, compared to EGP 15.074 trillion at the end of March 2026.

The data also showed that the money supply increased to EGP 4.302 trillion at the end of April, compared to EGP 4.189 trillion at the end of the preceding March. Currency in circulation outside the banking system also rose to EGP 1.635 trillion at the end of April, compared to EGP 1.576 trillion at the end of the preceding March.

The report further indicated that demand deposits in local currency at banks reached EGP 2.667 trillion at the end of April 2026, compared to EGP 2.612 trillion at the end of March.

Central Bank of Egypt reports revealed that the net foreign assets of the Egyptian banking system rose to approximately $22.903 billion, equivalent to EGP 1.229 trillion, by the end of April 2026, compared to $21.320 billion, equivalent to EGP 1.164 trillion, at the end of March 2026.

The total foreign assets of the banking system (Central Bank and commercial banks combined) reached EGP 5.049 trillion by the end of April, compared to EGP 4.921 trillion at the end of the preceding March.

On the liabilities side, they amounted to EGP 3.820 trillion by the end of April 2026, compared to EGP 3.756 trillion at the end of March 2026. The exchange rate of the US dollar against the Egyptian pound was 54.6366 at the end of March and approximately 53.6663 at the end of April.

Net foreign assets of the banking sector are considered one of the most important indicators of stability and soundness in the banking sector, as they represent the difference between the sector's assets and liabilities in foreign currencies.

Data from the Central Bank of Egypt revealed that total non-governmental deposits in local currency at banks operating in the local market rose to EGP 10.001 trillion by the end of April 2026, compared to EGP 9.943 trillion at the end of March 2026.

Demand deposits in local currency reached EGP 2.667 trillion by the end of April, compared to EGP 2.612 trillion at the end of March.

The public business sector held approximately EGP 107.653 billion of these deposits, the private sector EGP 1.343 trillion, and the household sector EGP 1.216 trillion.

Time deposits and savings certificates in local currency amounted to EGP 7.333 trillion by the end of April, compared to EGP 7.330 trillion at the end of March.

The public business sector held approximately EGP 65.853 billion of these deposits, the private sector EGP 409.924 billion, and the household sector EGP 6.857 trillion.

Total foreign currency bank deposits reached EGP 3.501 trillion at the end of April, compared to EGP 3.554 trillion at the end of March.

Central Bank data revealed that demand deposits reached EGP 894.198 billion, compared to EGP 9.121 billion at the end of March.

The public business sector held approximately EGP 44.431 billion of these deposits, while the private business sector held approximately EGP 600.811 billion, and the household sector held approximately EGP 249.442 billion.

Regarding time deposits and savings certificates in foreign currencies, the Central Bank indicated that they reached EGP 2.606 trillion, compared to EGP 2.642 trillion at the end of March. These deposits were distributed among different sectors, with the public business sector receiving about 187.388 billion Egyptian pounds, the private business sector about 581.389 billion Egyptian pounds, while the family sector received the largest share, equivalent to 1.847 trillion Egyptian pounds.

Youm7-

Minister of Petroleum and Mineral Resources, Karim Badawi, participated in the first meeting of energy ministers from the D-8 (Developing Eight) countries, held on the sidelines of Baku Energy Week in Baku, Azerbaijan. The meeting, which included the energy ministers of the member states, focused on strengthening cooperation in the oil and natural gas sectors. Discussions centered on ways to enhance cooperation in these areas, including oil, natural gas, liquefied natural gas (LNG), electricity exchange, new and renewable energy, infrastructure development, and regional energy integration and interconnection projects. The meeting also addressed encouraging joint investments to bolster energy security and achieve the mutual interests of the member states.

The Minister emphasized that the energy sector remains a cornerstone of economic cooperation, particularly given the rapid changes and growing challenges facing the world. He stressed the need to strengthen coordination, exchange expertise, and maximize the utilization of available resources and capabilities within the member states. Integration and Cooperation Among D-8 Countries Opens Up Broad Horizons

He pointed out that integration and cooperation among the D-8 countries open up broad horizons for achieving added value for their people, especially through expanding oil, gas, and renewable energy projects, developing energy infrastructure, and supporting joint investments, which contributes to achieving sustainable economic growth and enhancing energy security.

Addressing Current Global Challenges Requires Concerted Efforts

He added that addressing current global challenges requires concerted efforts and the adoption of shared visions and initiatives, particularly in the areas of natural gas and new and renewable energy, most notably green hydrogen, in addition to supporting value-added industries that promote comprehensive economic development in member states.

At the conclusion of the meeting, the ministers adopted the “Baku Declaration on Energy Cooperation.” The initial presentation of the D-8 Energy and Climate Center Charter was also reviewed. This charter aims to strengthen institutional cooperation among member states in the fields of energy and climate.

The D-8 comprises Egypt, Turkey, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Bangladesh.

Youm7-

Dr. Hani Sweilem, Minister of Water Resources and Irrigation, held a meeting with representatives of several Egyptian companies, in the presence of representatives from the Ministry of Foreign Affairs, to discuss these companies' readiness to participate in implementing a number of development projects in the countries of the Southern Nile Basin. This participation falls under the $100 million financing mechanism launched by Egypt, with the support of the political leadership and under the directives of the Prime Minister, and in close coordination between the Ministries of Irrigation and Foreign Affairs. The mechanism aims to support the implementation of development projects and studies in the Nile Basin countries.

During the meeting, Sweilem emphasized that this financing mechanism represents a practical model of constructive cooperation between Egypt and its sister nations. It contributes to providing the necessary funding for priority projects that generate direct developmental returns for citizens, thereby strengthening development and stability and serving the common interests of the region's peoples.

Supporting Sustainable Development Efforts and Improving Citizens' Living Standards

He added that the Egyptian state attaches great importance to strengthening cooperation with Nile Basin countries in various fields, stemming from the historical ties that bind Egypt to these countries and its commitment to supporting sustainable development efforts and improving the living standards of citizens in these sister nations. He noted Egypt's keenness to enhance the participation of Egyptian national companies in implementing development projects with a direct impact in Nile Basin countries.

He pointed out that the proposed projects in the southern Nile Basin countries aim to support economic and social development in these countries through the implementation of projects and studies that contribute to improving natural resource management and enhancing the ability of local communities to utilize available resources. This will positively impact citizens' lives and support the achievement of desired development. He also mentioned exploring opportunities to implement some projects of a sustainable investment and development nature, thus opening broader horizons for the participation of Egyptian companies and the Egyptian private sector in supporting development efforts in these sister nations.

Egyptian companies have demonstrated significant efficiency and capabilities in implementing development projects.

Sweilem emphasized the importance of Egyptian companies adhering to the highest standards of quality and efficiency when commencing project implementation. He noted that Egyptian companies have proven their competence and capabilities in executing major development and infrastructure projects in several African countries, reflecting their technical and executive expertise, which qualifies them to effectively contribute to supporting development efforts in the countries of the Southern Nile Basin.

At the conclusion of the meeting, Sweilem stressed that these efforts are part of the Egyptian state's policy aimed at strengthening cooperation with the Nile Basin countries, supporting joint development, and consolidating the principles of partnership and integration, thereby achieving the common interests of all the peoples of the Nile Basin.

Minister of Petroleum and Mineral Resources, Karim Badawi, participated in the first meeting of energy ministers from the developing countries of the D-8 (Developing Eight) Economic Cooperation Organization, held on the sidelines of Baku Energy Week in Baku, Azerbaijan. The meeting, which included the energy ministers of all member states, focused on ways to enhance cooperation in the fields of petroleum, natural gas, liquefied natural gas (LNG), electricity exchange, new and renewable energy, infrastructure development, and regional energy interconnection and integration projects. Discussions also centered on encouraging joint investments to bolster energy security and achieve the mutual interests of member states.

In his address, the Minister emphasized that the energy sector remains a cornerstone of economic cooperation among the D-8 countries, particularly given the rapid changes and growing challenges facing the world. These challenges necessitate enhanced coordination, knowledge sharing, and maximizing the utilization of available resources and capabilities within the member states.

He noted that integration and cooperation among the D-8 countries open up broad horizons for achieving added value for their people, especially through expanding petroleum, gas, and renewable energy projects, developing energy infrastructure, and supporting joint investments. This, in turn, contributes to achieving sustainable economic growth and strengthening energy security. He added that addressing current global challenges requires concerted efforts and the adoption of shared visions and initiatives, particularly in the areas of natural gas and new and renewable energy, especially green hydrogen, in addition to supporting value-added industries to enhance the comprehensive economic development of member states.

At the conclusion of the meeting, the ministers adopted the “Baku Declaration on Energy Cooperation.” They also reviewed the initial draft of the D-8 Energy and Climate Centre Charter, which aims to strengthen institutional cooperation among member states in the fields of energy and climate. The D-8 (Developing Eight) Economic Cooperation Organization comprises Egypt, Turkey, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Bangladesh.

Al MAl-

Data from the Central Bank of Egypt revealed the results of its dollar-denominated treasury bill auction. Institutions submitted approximately 18 bids with a total nominal value of $551.5 million. The requested yields ranged from a low of 4.20% to a high of 5.20%, while the weighted average yield was 4.350%.

According to official data, the Central Bank of Egypt accepted only 15 of the submitted bids, with a total nominal value of $461.5 million.

Regarding the yields on the accepted bids, interest rates remained stable at a uniform level, with the lowest yield, highest yield, and weighted average yield all registering the same rate of 4.200%.

■ Gamal El-Din: The Suez Canal Economic Zone is interested in cooperating with Swedish companies in the ports, logistics, green fuels, and data center sectors.

Mr. Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone, met this morning at the Authority's headquarters in the New Administrative Capital with Mr. Dag Juhlin-Dannfelt, the Swedish Ambassador to Cairo, to discuss prospects for cooperation on issues of mutual interest and to introduce the Authority and the investment opportunities it offers. Several of the Authority's executive leaders attended the meeting.

At the outset of the meeting, Mr. Walid Gamal El-Din explained that the Suez Canal Economic Zone is keen to localize industry in several sectors where Swedish companies possess extensive expertise. These sectors include ports and logistics, the automotive industry (including all types of vehicles), data centers and their associated technological infrastructure, as well as green fuels. The Suez Canal Economic Zone is a leading global hub for the production and supply of green fuels to ships, particularly given the growing global demand for renewable energy due to geopolitical challenges that have impacted traditional fuel supply chains. He emphasized that Egypt's political and economic stability positions it as a regional hub for renewable energy, especially considering its abundant solar and wind energy resources and the Economic Zone's recent success in localizing the production of various components for solar panels and wind turbines.

He added that the economic zone boasts several competitive advantages that attract the Swedish business community, most notably its strategic location on both sides of the Suez Canal, providing full access to various global markets and supported by free trade and international agreements. Furthermore, the integration between industrial zones and ports facilitates closer proximity of production, manufacturing, and logistics facilities to target markets. He also highlighted the availability of a skilled workforce at competitive rates, a conducive investment climate with a genuine one-stop shop offering dynamic services to investors through clear procedures, and world-class infrastructure and facilities. He emphasized that these advantages, among others, have contributed to the Authority's success in attracting investments exceeding $16 billion over the past four years.

For his part, the Swedish ambassador expressed his pleasure at learning about the Suez Canal Economic Zone, stressing that there are already a number of major Swedish companies in the Egyptian market and a number of regional markets, in the sectors of vehicle manufacturing, pharmaceuticals, logistics activities, and home appliances. Many companies in other sectors also wish to work in Egypt, especially within the Suez Canal Economic Zone, given its recent successes with global resonance. He emphasized his country's pride in deepening cooperation with Egypt, particularly on the economic level.

Al MAl-

In a move reflecting the Investor Protection Fund's commitment to maximizing resource management efficiency and asset growth, the Fund announced the allocation of a portion of its funds to investment channels aimed at supporting its role in protecting member companies' clients from non-commercial risks. This initiative also contributes to enhancing liquidity within the Egyptian Exchange and strengthening technical support for member companies.

The Fund's Board of Directors, chaired by Mahmoud Montasser, approved the injection of half a billion Egyptian pounds for investment in securities portfolios, in accordance with the Prime Minister's decree regulating the Fund's operations and following approval from the Financial Regulatory Authority.

The management and formation of these investment portfolios were jointly assigned to CI Asset Management and the Arab African Investment Management Company, bringing the Fund's total investments in securities portfolios to 1.5 billion Egyptian pounds in listed shares.

The signing ceremony was attended by Omar Radwan, Chairman of the Egyptian Exchange, and Mohamed Sabry, Vice Chairman of the Exchange, reflecting the strong and distinguished relationship between the Exchange and the Fund. The agreements were signed by Mahmoud Montasser, Chairman of the Board of Directors of the Investor Protection Fund; Dr. Amr Aboul-Enein, Managing Director and CEO of CI Asset Management; and Mohamed Mostafa, Managing Director of Arab African Investment Management.

Mahmoud Montasser, Chairman of the Investor Protection Fund, stated that this step represents a new impetus to the Fund's efforts to maximize returns on its resources, which will directly contribute to stimulating trading, enhancing liquidity, and supporting the efficiency and depth of the stock market.

For her part, Noha El-Matbouli, Deputy Executive Director of the Fund, affirmed that signing these agreements is an important step within the Fund's strategy, enhancing its ability to perform its duties towards investors more efficiently and ensuring the sustainability of its role in the market.

In line with President Abdel Fattah El-Sisi's directives to implement renewable energy projects using Egyptian pounds, the Minister of Electricity and Renewable Energy is following up with officials from Tahya Misr Holding Company for Investment and Development ("Tahya Misr Agency") on the progress of work and updates regarding the implementation of solar and wind energy projects with a capacity of 7470 MW and battery storage capacity of 7000 MWh.

These projects are located in the Gulf of Suez region, Ras Shukeir, Zafarana, Jabal Al-Jalala, Naga Hammadi, the Oases, Helwan, Damanhour, Wadi El-Natrun, and Deirout. The commitment to the established timelines for implementation and connection to the unified grid during 2027 and 2028 is paramount.

Dr. Mahmoud Esmat stated: "A specific timeline and projects are underway to achieve a 45% share of renewable and clean energy in the energy mix by 2028. A well-planned expansion of energy storage systems is also being implemented to ensure grid stability." In line with President Abdel Fattah El-Sisi's directives to implement new and renewable energy projects using Egyptian pounds, Dr. Mahmoud Esmat, Minister of Electricity and Renewable Energy, met with a delegation from Tahya Misr Holding Company for Investment and Development (Tahya Misr Agency), headed by Mahmoud Nour, to discuss and follow up on the latest developments in the implementation of solar, wind, and energy storage battery projects. This meeting was held within the framework of the protocol signed to establish 4,750 megawatts of wind energy projects and 4,000 megawatt-hours of energy storage battery projects, financed in Egyptian pounds, in accordance with the National Energy Strategy and its executive projects aimed at achieving 45% renewable energy in the energy mix by 2028. The meeting, which was also attended by Eng. Adel El-Hariri, the full-time member for studies and designs at the Egyptian Electricity Transmission Company, and Eng. Arabi Mostafa, Head of the Central Administration for the Minister's Office, addressed the progress of work and implementation priorities within the established timelines for project completion and connection to the national electricity grid during 2027 and 2028. The discussion focused on solar, wind, and independent energy storage battery projects with a total capacity Generating 7470 MW, including projects being implemented by the company "Kemet" and storage batteries with a capacity of 7000 MWh, in the Gulf of Suez, Ras Shukeir, Zafarana, Jabal al-Jalala, Naga Hammadi, the oases, Helwan, Damanhour, Wadi El Natroun, and Deirout regions. During the meeting, emphasis was placed on the timeline for each project and the importance of connecting to the grid on schedule, as well as expediting the implementation of independent power storage projects due to their crucial role in stabilizing the grid and maximizing the returns from renewable energy.

Dr. Mahmoud Esmat affirmed the continuation of work and taking the necessary measures within the framework of the mandate of His Excellency President Abdel Fattah El-Sisi to implement renewable energy and storage battery projects in Egyptian pounds, and to complete the projects in light of the state’s plan for energy transformation and expansion in renewable energy projects and energy storage systems, and to increase the contribution of clean energy in the energy mix to 45% by 2028 and reduce dependence on fossil fuels, and to ensure the support and stability of the grid and secure the electricity supply and maximize the returns from natural resources and benefit from the great wealth of renewable energy sources, explaining the studied expansion in energy storage systems and the establishment of a number of separate stations and accelerating the implementation of projects to reduce the use of fuel and support the grid and meet the requirements of sustainable development.

Prime Minister Dr. Mostafa Madbouly met with Dr. Hussein Eissa, Deputy Prime Minister for Economic Affairs, at the government headquarters in the New Administrative Capital to follow up on the plan to restructure economic authorities and review the latest developments in its implementation.

The meeting addressed the status of the restructuring plan for the 59 economic authorities, in light of the state's directives to enhance their efficiency and maximize the utilization of their resources.

Various proposals and procedures within the restructuring plan were reviewed, including the authorities to be abolished, those to be merged with other economic authorities, those to be transformed into public service authorities, and those to be retained as public economic authorities.

At the conclusion of the meeting, the Prime Minister directed the swift finalization of a comprehensive timetable for the economic authorities restructuring plan. This timetable should include specific timeframes for mergers and transformations into public authorities, thereby expediting decision-making and ensuring the plan's implementation according to a clear and defined schedule.