Weekly Rundown of Top 10 Trending Headlines

Updated 1/17/2025 9:00:00 AM

Arab Finance: From the government announcing the release of goods worth over $79 billion in one year to Egyptian non-oil merchandise exports increasing by 14% to $40.8 billion in 2024, the five working days that ended on January 16th have dominated news headlines that should not be missed.

1-Egypt releases $79B worth of goods in almost a year

Egypt has released goods with a value exceeding $79 billion during the period from January 2024 to January 8^th, 2025.

2-Egypt’s non-oil merchandise exports reach $40.8B in 2024: El-Khatib

Egypt’s non-oil merchandise exports increased by 14% to $40.8 billion in 2024, compared to $35.7 billion in 2023, Hassan El-Khatib.

3-Egypt’s annual core inflation hits 23.2% in December: CBE

Egypt’s annual core consumer price index (CPI) inflation recorded 23.2% in December 2024, compared to 23.7% last November.

4-El-Khatib, Goldman Sachs Gives’ delegation discuss economic reforms in Egypt

Minister of Investment and Foreign Trade Hassan El-Khatib discussed strategic partnerships and economic reforms in Egypt with a delegation of Goldman Sachs Gives.

5-Taly, Just2Pay ink MoU to revolutionize digital transformation in Egypt’s payment operations

Taly has signed a memorandum of understanding (MoUs) with Just2Pay to support digital transformation in Egypt’s payment operations by boosting technological integration and delivering innovative solutions.

6-China’s KINGDOM to establish linen factory in Egypt

KINGDOM Holdings, the China-based leading company in the linen production, has presented its project for the establishment of a linen factory in Egypt to Minister of Investment and Foreign Trade Hassan El-Khatib.

7-Al Organi Group targets $1B investments in Egypt’s automotive, tourism sectors

Organi Group is seeking to raise its investment in the automotive and tourism sectors to $1 billion within the next five years.

8-Misr Beni Suef Cement signs EGP 298M contract for solar power plant

Misr Beni Suef Cement Co (MBSC) has signed a contract worth EGP 298 million with IRSC, in cooperation with JINKO and HUAWEI, to establish a solar power plant at its site in Beni Suef Governorate.

9-ExxonMobil unveils new natural gas discovery in Egypt’s Mediterranean Sea

ExxonMobil Corporation has made a new natural gas discovery in Egypt after completing the drilling of an exploration well in the Mediterranean Sea.

10-Konecta to establish regional HQ in Egypt with $100M investment plan

Prime Minister Mostafa Madbouly witnessed the signing ceremony of a memorandum of understanding (MoU) between the Information Technology Industry Development Agency (ITIDA) and Konecta Egypt, an arm of Spain’s Konecta.