Top 10 Viral News Stories to Read This Weekend

Updated 5/16/2025 9:00:00 AM

Arab Finance: Egypt’s economic landscape saw major developments, including a historic surge in remittances from Egyptians abroad, marking a record high one year after the March 2024 reform measures, alongside CAPMAS announcing the annual headline inflation rate for April 2025.

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

1-Egyptian expat remittances record unprecedented hike in 11 months

Remittances from Egyptians working abroad witnessed an unprecedented historic leap a year after the reform measures implemented during the period from March 2024 to February 2025.

2-Egypt’s annual headline inflation hits 13.5% in April: CAPMAS

Egypt's annual headline inflation recorded 13.5% in April, versus 13.1% in March.

3-Egypt conducts key reforms to enhance public administration amid challenges: OECD

Egypt is undertaking significant reforms to modernize its public administration and face current and future challenges.

4-EBRD cuts Egypt’s GDP growth forecast for 2025, 2026

The European Bank for Reconstruction and Development (EBRD) slashed its forecast for Egypt’s real gross domestic product (GDP) growth in 2025 and 2026 by 0.2% compared to its February expectations.

5-Egypt unveils 3 oil, natural gas discoveries in Western Desert, Gulf of Suez

Khalda Petroleum Co (KPC), Balaeim Petroleum Co (PETROBEL), and Gulf of Suez Petroleum Co (GUPCO) achieved three new oil and natural gas discoveries in their concessions in the Western Desert and the Gulf of Suez.

6-Madbouly inaugurates EGP 1B dry bulk wheat terminal in West Port Said

Prime Minister Moustafa Madbouly has inaugurated an EGP 1 billion dry bulk wheat terminal in West Port Said Port.

7-GAFI to allow free zones to host services startup HQs for export purposes

Free zones will allow hosting headquarters of startups operating in the services sector for export purposes for the first time.

8-El-Khatib grants 6 golden licenses for strategic investment projects

Minister of Investment and Foreign Trade Hassan El-Khatib handed over six new gold licenses to several strategic investment projects.

9-SCA announces 15% transit fee discount for high-tonnage container ships

The Suez Canal Authority (SCA) has announced a 15% discount on transit fees for container ships with a net tonnage of 130,000 tons or more for 90 days, starting May 15th.

10-AlexFert, United Energy seal MoU for green ammonia production project

AlexFert, a subsidiary of Egypt Kuwait Holding Company (EKH), has signed a memorandum of understanding (MoU) with United Energy Group (UEG), a pioneer in the renewable energy field, to develop a hydrogen-powered green ammonia production project.