Weekly Wrap-up of Top 10 Trending Headlines
Updated 3/14/2025 9:00:00 AM
Arab Finance: From the Egyptian president's review of the fiscal year (FY) 2025/2026 draft budget to the country's recently reported inflation rate for February 2025, the five working days that ended on March 13th have been dominated by interesting news headlines that should not be missed.
The following are snippets of the top news stories posted from March 9th to 13th.
1-El-Sisi reviews FY2025/26 budget targets
President Abdel Fattah El-Sisi has reviewed the state's financial performance indicators and the budget targets for fiscal year (FY) 2025/2026 in a meeting with Prime Minister Mostafa Madbouly and Minister of Finance Ahmed Kouchouk.
2-Egypt’s annual headline inflation records 12.5% in February: CAPMAS
Egypt's annual headline inflation reached 12.5% in February 2025, compared to 23.2% in January.
3-Egypt’s tax revenues surge 38% in H1 FY2024/25
Egypt’s tax revenues increased by 38% during the first half (H1) of fiscal (FY) 2024/25.
4-IMF completes 4th EFF review for Egypt, unlocks $1.2B in funding
The International Monetary Fund (IMF) has completed the fourth review of Egypt’s economic reform program under the Extended Fund Facility (EFF), enabling the country to access approximately $1.2 billion.
5-Egypt targets 10% inflation rate by 2026: Madbouly
Prime Minister Mostafa Madbouly announced that the government aims to reduce inflation to 10% by 2026, following a decline to 12.5% in February, the lowest rate in three years.
6-SCZone’s Chairman lays foundation stone of Chinese project ‘Di Seta'
Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZone), laid the foundation stone for the first phase of the Chinese project, Di Seta, in the Qantara West Industrial Zone.
7-Agiba Petroleum, EGPC, Eni join forces to fast-track Iris field development
Agiba Petroleum Company has successfully cooperated with the Egyptian General Petroleum Corporation (EGPC) and the Italian energy giant Eni in accelerating the development of the Iris field in Egypt’s Western Desert.
8-Egypt-based banks ease account opening restrictions for 2 weeks
Egyptian banks have started lifting restrictions on opening new accounts, especially financial inclusion accounts, starting Sunday, March 9th.
9-Fawry signs partnership with Ottu to expand online payment solutions in Egypt
Fawry, Egypt’s leading fintech company, has signed a mutual collaboration agreement with Ottu, a Middle Eastern online payment management system (OPMS) provider, marking Ottu’s first partnership in Egypt.
10-Visa launches Tap-to-Add Card solution to boost digital payments in Egypt
Visa has launched the Tap-to-Add Card in Egypt to promote the use of digital wallets, providing customers with a more secure and seamless payment experience.
Related News
