Top 10 Must-Read Stories for This Weekend

Updated 5/30/2025 9:00:00 AM

Arab Finance: The fourth week of May concluded with major events, including Egypt's progress with the International Monetary Fund (IMF) on the fifth review of the Extended Fund Facility (EFF) and the announcement that Egypt is preparing a 10-year national investment map highlighting licensed opportunities across priority sectors.

The top 10 viral news stories in the week, from May 25th to 29th, are as follows:

1-IMF, Egypt make progress on 5th review talks under EFF

An International Monetary Fund (IMF) staff mission concluded its visit to Cairo, which took place from May 6th to 18th, after holding constructive discussions with Egyptian authorities on the country’s economic and financial policies under the Extended Fund Facility (EFF) arrangement.

2-Egypt ready to host US industrial zone at SCZone: El-Sisi

President Abdel Fattah El-Sisi unveiled that Egypt is looking forward to hosting an American industrial zone in the Suez Canal Economic Zone (SCZone).

3-Egypt, Swedfund sign LOI to boost electricity, sustainable transport cooperation

Egypt’s Ministry of Planning, Economic Development, and International Cooperation signed a letter of intent (LOI) with the Swedish Development Finance Institution (Swedfund) to enhance joint efforts in the electric power and sustainable transportation sectors.

4-Egypt, Germany sign €118M financial cooperation agreement

Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, signed a financial cooperation agreement (FCA) worth €118 million (EGP 6.7 billion) with Jürgen Schulz, Germany's Ambassador to Egypt.

5-Egypt prepares 10-year investment map with over 1,000 opportunities

Egypt is preparing a 10-year national investment map featuring licensed opportunities across priority sectors.

6-Cabinet approves commemorative coins, backs e-tax contract to enhance tax services

The Egyptian cabinet has approved two draft resolutions authorizing the issuance of non-circulating commemorative silver coins to mark major national milestones.

7-Standard Chartered, AUC Venture Lab and Village Capital launch Futuremakers Women in Tech

Standard Chartered, AUC Venture Lab and Village Capital has launched the inaugural Futuremakers Women in Tech accelerator program in Egypt.

8-EBRD, Banque Misr grant $80M syndicated loan to Orange Egypt

The European Bank for Reconstruction and Development (EBRD) and Banque Misr have provided a syndicated loan of nearly $80 million to Orange Egypt.

9-Fawry MSMEs issues 1st securitized bond at EGP 497.5M

Fawry for Micro, Small, and Medium Enterprises (MSMEs), a wholly owned subsidiary of Egypt’s financial technology company Fawry, has completed its first securitized bond issuance, raising EGP 497.5 million.

10-valU to begin trading on EGX in June

valU is intending to proceed with trading on the Egyptian Exchange (EGX) following the completion of an in-kind dividend distribution by EFG Holding.