Weekly Rundown of Top 10 Trending Headlines
Updated 9/26/2025 9:00:00 AM
Arab Finance: From the Egyptian government aiming to cut customs clearance time to the CBE unveiling an annual surge in remittances from Egyptians abroad in the first seven months of 2025, the past week has brought a series of notable economic developments.
The following are highlights of the top news stories posted between September 21st and 25th:
1-Egypt aims to cut customs clearance time by 75%: El-Khatib
Egypt's trade policy is seeking to reduce customs clearance time by 75%.
2-Remittances from Egyptians abroad leap 49.7% YoY in 7 months
Remittances from Egyptians working abroad hiked by 49.7% year-on-year (YoY) to $23.2 billion during the first seven months of 2025, compared to $15.5 billion.
3-Egypt, UAE sign 5 MoUs to strengthen aviation ties
Egypt and the UAE signed five strategic memoranda of understanding (MoUs) to boost cooperation in the aviation sector.
4-Egypt allocates EGP 15B for Qantara West's infrastructure overhaul
The upgrade of the Qantara West Zone and implementing its infrastructure and all requirements is expected to cost EGP 15 billion.
5-Egypt’s total exports up to $45.3B in 2024
Egypt’s total exports amounted to $45.3 billion in 2024, up 6.5% year-on-year (YoY) from $42.6 billion.
6-Saudi Arabia's Kennan Holding eyes EGP 2B industrial complex in Egypt
Egypt and the Saudi-based Kennan Holding are mulling over plans to establish an industrial complex with investments totaling EGP 2 billion in Egypt.
7-Saudi PIF’s unit eyes investments in Egypt's petroleum, fertilizer sectors
Minister of Petroleum and Mineral Resources Karim Badawi met with a delegation from the Saudi Egyptian Investment Company, a subsidiary of the Public Investment Fund (PIF), to discuss investments in Egypt's petroleum and fertilizer sectors.
8-GUPCO, Dragon Oil explore AI tools to maximize brownfield production
The Gulf of Suez Petroleum Company (GUPCO) and Dragon Oil organized a specialized workshop on the optimal use of AI tools in oil and gas development and production activities from brownfields.
9-Credit Agricole Egypt's subsidiary acquires Just Finance
Egyptian Housing Finance Company, a 99.99% owned subsidiary of Credit Agricole Egypt, has acquired 100% of shares in Just Finance S.A.E.
10-EBank launches World MasterCard credit cards with limits up to EGP 2M
The Export Development Bank of Egypt (EBank) has launched its new World MasterCard credit cards, offering credit limits of up to EGP 2 million.
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