Top 10 Viral Headlines to Check This Weekend

Updated 6/20/2025 9:00:00 AM

Arab Finance: The economic landscape witnessed fluctuations regarding gold prices and US dollar exchange rate amid rising tensions in the Middle East, yet Egypt managed to sustain solid performance during the third week of June.

The government conducted discussions with global companies and institutions to boost investments and reinforce strategic partnerships. Hence, here are the top ten headlines to check during the week.

1- El-Sisi ratifies law to establish unified national real estate database

President Abdel Fattah El-Sisi has ratified law No. 88 of 2025 establishing a unified national real estate database, according to the Official Gazette.

2- Madbouly forms crisis committee to monitor Iran-Israel military escalation

Prime Minister Mostafa Madbouly has issued a decree establishing a high-level “Crisis Committee” under his leadership to monitor the repercussions of ongoing military operations between Iran and Israel.

3- Parliament gives final approval for Egypt’s FY2025/26 economic, social development plan

The House of Representatives has officially approved the draft economic and social development plan for fiscal year (FY) 2025/2026 in a plenary session chaired by Hanafi Gebaly.

4- FRA issues new rules for insurance, reinsurance brokerage under unified insurance law

The Board of Directors of the Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has issued decision No. 69 of 2025, setting professional rules and standards for the registration and practice of insurance and reinsurance brokerage.

5- Madbouly, IFC Managing Director discusses airport management plans, private sector projects

Prime Minister Mostafa Madbouly met with Makhtar Diop, Managing Director of the International Finance Corporation (IFC), and his accompanying delegation to discuss ongoing cooperation and explore new opportunities for private sector engagement, particularly in the management and operation of Egyptian airports.

6- Egypt announces new oil discovery in Abu Sennan brownfield

The General Petroleum Co. (GPC) has announced a new oil discovery, GPR-1X, in the Abu Sennan brownfield in Egypt’s Western Desert, as per a statement by the Ministry of Petroleum and Mineral Resources.

7- CI Capital’s subsidiary launches Egypt’s 1st sustainable equity fund Misr Green

CI Capital Asset Management, a subsidiary of CI Capital Holding, has launched Egypt’s first open-ended sustainable equity fund, Misr Green – Sustainability (ESG) Fund.

8- Egypt pens $200M deal with Sunrev Solar to build solar complex

Prime Minister Mostafa Madbouly witnessed the signing of a contract for the establishment of an integrated industrial complex for solar energy supplies in the Ain Sokhna industrial zone, within the Suez Canal Economic Zone (SCZone).

9- EG Bank, Mastercard join forces to reinforce digital payment services

Egyptian Gulf Bank (EG Bank) has teamed up with Mastercard to boost financial accessibility, expand digital payment adoption, and provide affluent individuals with new segments to the bank’s card portfolio.

10- Telecom Egypt-consortium inks MoU to construct AAE-2 subsea cable

A consortium of four subsea cable operators, Zain Omantel International (ZOI), PCCW Global, Sparkle, and Telecom Egypt, signed a memorandum of understanding (MoU) to develop the Asia-Africa-Europe-2 (AAE-2) subsea cable system.