Egypt's annual headline inflation rate recorded 12.7% in August 2026, compared to 13% last July, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
The second week of September closed with notable economic developments, led by a $1.92 billion month-on-month (MoM) increase in Egypt’s gold reserves in August, which helped lift the country’s net international reserves (NIR) to a record high despite a decline in foreign currency holdings.
The US dollar jumped at local banks on Thursday, September 10, recording EGP 51.27 for buying and EGP 51.37 for selling at the National Bank of Egypt (NBE) and Banque Misr.
Al Fanar for Contracting, Construction, Trade, Import, and Export Company announced a contract to execute carpentry, steel fixing, and finishing works for the Wadi Yemm project within Ras El Hekma development in Marsa Matrouh
Automotive sales in Egypt rose 29.7% year on year (YoY) to 116,869 units during the first seven months of 2026, compared with 90,104 units in the same period of 2025, according to the latest report from the Automotive Market Information Council (AMIC).
