Weekend Briefing: Top 10 News Highlights You Might Have Missed

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

Arab Finance: The first week of October saw key developments shaping Egypt’s economic landscape, led by a decline in annual headline inflation for September 2025.

Here’s a look at the full roundup of the week’s top economic stories.

1-Egypt’s annual headline inflation hits 10.3% in September: CAPMAS

Egypt’s annual headline inflation recorded 10.3% in September 2025, compared to 11.2% last August.

2-Egypt’s BoP registers overall deficit of $2.1B in FY2024/25

Egypt’s balance of payment (BoP) recorded an overall deficit of $2.1 billion in fiscal year (FY) 2024/2025, compared to an overall surplus of $9.7 billion in FY 2023/2024.

3-IMF praises Egypt’s private sector resilience, exchange rate progress

The International Monetary Fund (IMF) commended Egypt’s recent economic developments, noting the resilience of the private sector and improvements in exchange rate performance and inflation management.

4-Egypt, Saudi Arabia hold talks on trade, investment under Supreme Coordination Council

The Egyptian-Saudi Supreme Coordination Council’s Economic Committee held its first meeting in Cairo on October 6th, chaired by Egyptian Minister of Investment and Foreign Trade Hassan El-Khatib, to discuss ways to enhance trade and investment cooperation between Egypt and Saudi Arabia.

5-World Bank raises Egypt's GDP forecasts for current, next FYs

The World Bank has revised its forecast upward for Egypt’s economic growth during the current and next fiscal years (FYs).

6-ECMR, Ferchem Masr pens framework agreement for phosphate manufacturing projects

The Egyptian Company for Mineral Resources (ECMR) and Ferchem Masr for Fertilizers and Chemicals (FERC) have inked a framework agreement to establish joint phosphate manufacturing projects.

7-Faisal Islamic Bank, Remco unveil EGP 914.5M land sale in Nasr City

Faisal Islamic Bank agreed with Remco Tourism Villages Construction Company to sell a 17,907-square-meter land plot in Nasr City for EGP 914.5 million.

8-Al Baraka Bank Egypt to acquire up to 90% of Al Tawfeek Leasing’s shares

Al Baraka Bank Egypt intends to acquire a majority stake in Al Tawfeek Leasing Company through a mandatory tender offer (MTO).

9-Palm Hills records EGP 182B in new sales in 9 months

Palm Hills Development Company booked total new sales of EGP 182 billion in the first nine months of 2025, up from EGP 130 billion sales recorded in the same period of 2024.

10-Egypt inks letters of intent for Dandara solar energy project to power EgyptAlum complex

The Ministry of Public Business Sector has signed letters of intent with international financial institutions to finance the Dandara Solar Energy Project, which will supply clean energy to the Egypt Aluminum Company (Egyptalum) (EGAL) complex in Nag Hammadi, Qena Governorate.