Top 10 Viral News Stories to Revisit this Weekend

Updated 10/3/2025 9:00:00 AM

Arab Finance: The final week of September has been wrapped up with key news, including Egypt's confirmation that electricity tariffs will remain unchanged until January 2026, and the European Bank for Reconstruction and Development revising its forecast for Egypt’s 2025 economic growth.

Between September 28th and October 2nd, these were the top 10 stories that went viral:

1-Egypt rules out electricity price hikes until January 2026: Electricity Minister

Minister of Electricity and Renewable Energy Mahmoud Esmat confirmed that no increases in electricity tariffs will be introduced until January 2026.

2-EBRD lifts Egypt’s 2025 real GDP growth forecast to 4.8%

The European Bank for Reconstruction and Development (EBRD) raised its forecast for Egypt’s real gross domestic product (GDP) growth to 4.8% in 2025.

3-Madbouly unveils 10-year strategy to position Egypt as regional steel hub

The Egyptian government has developed a comprehensive strategy to advance the country’s iron and steel industry over the upcoming 10 years.

4-Egypt's GDP grows to 5% in Q4 FY2024/25

Egypt’s gross domestic product (GDP) growth rose to 5% during the fourth quarter (Q4) of fiscal year (FY) 2024/2025, versus 2.4% in Q4 FY2023/24.

5-Egypt's net foreign assets reach EGP 870.36B end-August: CBE

Net foreign assets (NFAs) of Egypt’s banking sector amounted to EGP 870.361 billion at the end of August 2025, an annual leap from EGP 473.261 billion.

6-New Companies Law mandates electronic government approvals within 20 days: Heiba

Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), announced that the new Companies Law will require all government approvals to be completed electronically within 20 working days.

7-Eni to invest $8B in Egypt over 5 years

Eni will invest $8 billion in the Egyptian market over the next five years.

8-FRA approves Raya Holding’s MTO for majority stake in Raya Customer

The Financial Regulatory Authority (FRA) approved a mandatory tender offer (MTO) issued by Raya Holding for Financial Investments to acquire 90% of Raya Customer Experience’s (RACC) share capital.

9-Entlaq rolls out Egypt’s 1st data analytics platform Arqam

Entlaq has launched its new platform “Arqam”, the first fully integrated Egyptian platform for data analytics and market intelligence.

10-Telecom Egypt appoints Tamer El Mahdi as Managing Director, CEO

Telecom Egypt has appointed Tamer El Mahdi as Managing Director and Chief Executive Officer (CEO), after Mohamed Nasr stepped down from both his executive role and his seat on the board of directors.