Top 10 News Stories in August’s 1st Week

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

Arab Finance: From major government announcements to positive CBE forecasts, the first week of August brought a wave of headline-making developments in Egypt.

Here are the top 10 viral news stories of the week:

1-CBE projects Egypt’s GDP Growth at 4.8% for FY2025/26

Egypt’s real gross domestic product (GDP) growth is expected to hit 4.8% in fiscal year (FY) 2025/2026 and 5.1% in FY 2026/2027, the Central Bank of Egypt (CBE) highlighted in its Monetary Policy Report for the second quarter (Q2) of 2025.

2-Egypt’s chemical exports up 13% YoY in H1 2025

Egyptian chemical exports increased by 13% year-on-year (YoY) to $4.6 billion in the first half (H1) of 2025 from $4.08 billion, the Chemicals and Fertilizers Export Council, headed by Khaled Abu Al-Makarem, announced.

3-EGX attracts 123,000 new retail investors in H1 2025: Chairman

The number of new individual investors in the Egyptian Exchange (EGX) increased to 123,000 during the first half (H1) of 2025, compared to 100,000 during H1 2024, EGX’s Chairman Ahmed El Sheikh announced.

4-Egypt's net foreign assets up to EGP 741.8B in end-June

Egypt's net foreign assets (NFAs) amounted to EGP 741.813 billion at the end of June 2025, compared to EGP 732.556 billion last May.

5-Grand Egyptian Museum set to open on November 1st

President Abdel Fattah El-Sisi has approved the opening of the Grand Egyptian Museum on November 1st, Prime Minister Mostafa Madbouly announced during the cabinet meeting.

6-Egypt’s net foreign reserves hit record high of $49.03B in July: CBE

Egypt’s net international reserves (NIR) rose to a new record high of $49.036 billion at the end of July 2025, according to a statement issued by the Central Bank of Egypt (CBE).

7-El-Sisi ratifies new Old Rent Law

President Abdel Fattah El-Sisi has officially ratified the new amendments to the old rent law. Under the new law, rental values for residential units governed by old rent contracts will be increased starting from the due date of the first rent payment following the law’s enforcement.

8-e-Tax to develop digital platform for managing Egypt’s e-invoicing, receipt cases

e-Tax, a subsidiary of e-finance for Financial and Digital Investments and a technology, won a new contract to develop and operate a digital platform for managing electronic invoice and receipt cases for Egypt’s Ministry of Finance.

9-Energean’s FSRU arrives at Jordan’s Aqaba Port

The Energean Force, a floating storage and regasification unit (FSRU), has arrived at the Port of Aqaba in Jordan, according to a statement issued by Egypt's Ministry of Petroleum and Mineral Resources.

10-National Printing begins trading on EGX post-IPO

Trading on National Printing Company's shares commenced on August 5th, following the completion of its public offering and private placement on the Egyptian Exchange (EGX).