Top 10 Viral News Stories to Read This Weekend

Updated 4/11/2025 9:00:00 AM

Arab Finance: The economic landscape in Egypt saw major announcements and agreements signed during the second week of April, headed by French President Emmanuel Macron's visit to Cairo.

Here’s your go-to recap of the top 10 trending stories this week.

1- French investments in Egypt surpass $7B: GAFI’s CEO

The French investments in Egypt exceeded $7 billion and created more than 50,000 job opportunities, said Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI).

2- TSFE, NSPO cooperate to restructure IPOs of Armed Forces-affiliated companies

The Sovereign Fund of Egypt (TSFE) signed cooperation agreements with the Armed Forces National Service Projects Organization (NSPO) and a group of specialized local and global consulting firms.

3- Egypt appoints 5 banks for sovereign sukuk issuance within 3 months

Egypt has selected five banks, including three Gulf institutions, to act as financial intermediaries and lead advisors for a sovereign Islamic sukuk issuance estimated at $1 billion to $1.5 billion in the second quarter (Q2) of 2025

4- Finance Ministry mulls additional incentives for first 50,000 in simplified tax scheme

The Ministry of Finance is mulling over additional incentives and financial support for the first 50,000 taxpayers who join the simplified tax system.

5- Egypt, France sign €7B deal to build green hydrogen complex in Ras Shukheir

Egypt and France signed a cooperation agreement to develop, finance, construct, and operate an integrated green hydrogen and ammonia production facility in Ras Shukheir.

6- E& Egypt launches 1st instant international money transfer

E& Egypt has officially launched the first instant international money transfer service through its E& Cash wallet, marking a new milestone in the Egyptian market.

7- Capgemini plans to launch AI CoE in Egypt

Capgemini, a global leader in technology services, will develop an AI Center of Excellence (CoE) in Egypt to accelerate AI-driven innovation for global clients.

8- Eni plans over €24B in investments across Egypt, Libya, Algeria

Eni plans to invest more than €24 billion in North Africa over the next four years, with over €8 billion allocated to Egypt, another €8 billion to Libya, and a similar amount to Algeria.

9- Worldwide Amazon Stores explores expansion opportunities in Egypt's market

Prime Minister Mostafa Madbouly meets with Doug Herrington, CEO of Worldwide Amazon Stores, to discuss the firm’s expansion in Egypt and ways to boost cooperation in digital commerce.

10- SCZone’s Chairman lays foundation stone for $20M Hi-Tech North Africa project

Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZone), laid the foundation stone for the Hi-Tech North Africa facility.