The General Authority for the Suez Canal Economic Zone (SCZONE) and the Hong Kong Trade Development Council (HKTDC) explored opportunities to expand industrial and investment cooperation, including in electronics and logistics alongside apparel and textiles.

Egypt has retained Africa’s top ranking for fixed internet speed for a fifth consecutive year and received Ookla’s Speedtest Award for the continent’s fastest fixed internet in the first half (H1) of 2026, according to a statement issued by the National Telecom Regulatory Authority (NTRA).

Egypt’s Minister of Planning and Economic Development Ahmed Rostom met with Erik Sandersen, CEO of the Norwegian Investment Fund for Developing Countries (Norfund), to explore cooperation on guarantees for infrastructure financing and investment in renewable energy, according to a ministry statement.

Moody’s Ratings has raised Egypt’s long-term local- and foreign-currency issuer ratings and foreign-currency senior unsecured ratings to B3 from Caa1, maintaining a positive outlook, the rating agency stated.

Egypt’s trade deficit surged by about 53.95% year-on-year (YoY) in July 2026 to $8.04 billion from $5.2 billion, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).

Remittances from Egyptians working abroad rose by 27.2% year-on-year (YoY) to $33.9 billion in the January-August 2026 period from $26.6 billion, according to the Central Bank of Egypt (CBE) data.

Egypt and South Korea signed 12 agreements and memoranda of understanding (MoUs) to strengthen bilateral ties and expand cooperation across key economic sectors

Fitch Ratings has affirmed Egypt's long-term Issuer Default Rating (IDR) at ’B’, with a stable outlook, according to the agency’s latest report.

Minister of Petroleum and Mineral Resources Karim Badawi met with Arcius Energy CEO Naser Saif Al Yafei to discuss the company’s activities in Egypt and plans to accelerate gas exploration.

Egypt’s Cabinet approved including a national project to restore and regulate the Nile River and its two branches as a major project in the Ministry of Water Resources and Irrigation’s budget for fiscal years 2026/2027 through 2028/2029.

FTSE Russell will remove Egypt from its watch list for a potential downgrade to Frontier market status, retaining its Secondary Emerging classification after the market met the minimum securities count requirement.

China-based appliance manufacturer Vanward has broken ground on the $12 million second phase of its Vanward Egypt for Home Appliances plant in the Sokhna Industrial Zone, according to a statement from the General Authority for the Suez Canal Economic Zone (SCZONE).

Egypt’s real gross domestic product (GDP) is forecast to grow 4.3% in fiscal year (FY) 2026/2027, easing from an estimated 5.1% growth in FY2025/2026, according to the World Bank’s October 2026 Macro Poverty Outlook.

Trade exchange between Egypt and African Union (AU) countries rose 10.9% to $6.1 billion in the first seven months of 2026, from $5.5 billion in the same period of 2025.

Egyptian Minister of Industry Khaled Hashem and South African Trade, Industry, and Competition Minister Parks Tau discussed expanding industrial cooperation, focusing on automotive manufacturing and components.

Egypt’s non-oil private sector businesses contracted in September as output and new orders declined sharply, with the S&P Global Egypt Purchasing Managers’ Index (PMI) falling to 47.2 from August’s seven-month high of 49.6.

Egyptian food industry exports to China rose 21% year on year (YoY) to $150.4 million in the first eight months of 2026, moving China to 12th place among the sector’s export destinations, according to the Food Export Council (FEC), as per a statement.

Egypt and the Organisation for Economic Co-operation and Development (OECD) have outlined priorities for the second phase of their Country Programme, including business competitiveness, resource mobilization and the modernization of national accounts, as per a statement.

Minister of Investment and Foreign Trade Mohamed Farid Saleh met with representatives of UAE-based companies IRH Global Trading, ePointZero and Silal during an official visit to Abu Dhabi to explore their investment plans and potential expansion in Egypt, as per a statement.

Minister of Investment and Foreign Trade Mohamed Farid held meetings with representatives of six French and international companies to discuss expansion and investment opportunities in Egypt.