Top 10 Viral Headlines to Check This Weekend

Updated 8/1/2025 9:00:00 AM

Arab Finance: The last week of July witnessed major developments in Egypt’s economic landscape, led by the International Monetary Fund (IMF) upgrading its forecasts for Egypt’s real gross domestic product (GDP) growth for the fiscal year (FY) 2024/2025 by 0.2%.

Here's the entire list of new stories.

1- EU greenlights new law easing potato imports from Egypt

The European Union (EU) approved new legislation No. 1289/2025 aimed at facilitating import procedures for Egyptian potatoes, the Ministry of Agriculture and Land Reclamation announced.

2- ITFC's trade financing for Egypt’s supply sector hits $7.5B

The International Islamic Trade Finance Corporation (ITFC) approved over $7.5 billion in trade financing for Egypt’s supply sector since the beginning of the cooperation, said Adeeb Al Aama, CEO of ITFC.

3-IMF upgrades Egypt’s FY2024/25 GDP growth forecast to 4%

The International Monetary Fund (IMF) has upgraded its forecasts for Egypt’s real gross domestic product (GDP) growth for the fiscal year (FY) 2024/2025 by 0.2%, expecting it to hit 4%, according to the World Economic Outlook (WEO) report for July 2025.

4-El-Sisi approves EGP 85B in additional appropriation for FY2024/25 budget

President Abdel Fattah El-Sisi issued Law No. 158 of 2025, approving an additional appropriation of EGP 85 billion in the state budget for the fiscal year (FY) 2024/2025, as highlighted by the official Gazette.

5-SCZone’s revenues hit EGP 11.425B in FY2024/25

The General Authority of the Suez Canal Economic Zone (SCZone) recorded total revenues amounting to EGP 11.425 billion during fiscal year (FY) 2024/2025, announced Waleid Gamal El-Dien, the authority’s Chairman.

6-FRA licenses 4 companies to perform non-banking financial business, investment fund activities

The Financial Regulatory Authority (FRA) licensed four companies to operate within non-banking financial business and investment fund activities, according to a statement.

7-Egypt signs MoU with AD Ports to expand cooperation in petroleum sector

The Ministry of Petroleum and Mineral Resources signed a memorandum of understanding (MoU) with AD Ports Group and TCM to study a joint regional cooperation plan that will enhance collaboration between Egypt and the UAE.

8-Korra Energi to build $1M hybrid solar plant in Egypt

Korra for Energy & Investment Projects has signed a new contract to build a 1.4-megawatt (MW) hybrid solar power plant for the Esh El Mallaha Petroleum Company (Eshpetco).

9-Red Sea Petrochemicals, CNCEC sign framework deal for SCZone Project

Red Sea National Petrochemicals Company and China National Chemical Engineering Co., Ltd. (CNCEC) signed a non-binding framework agreement to implement a petrochemicals project in the Suez Canal Economic Zone (SCZone).

10-Zilla Capital advises Triquera in Admaius Capital's investment to back Minapharm's global expansion

Zilla Capital has advised Triquera B.V., the majority shareholder of Minapharm Pharmaceuticals and Chemical Industries, in Admaius Capital Partners minority stake investment to support Minapharm’s regional and global biotech expansion.