Proposed US restrictions on Banque Misr’s five branches in the UAE are likely to have a limited effect on the Egyptian bank’s credit rating, Fitch Ratings said in a report, citing the branches’ small share of its overall business and its capacity to absorb deposit withdrawals. The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has proposed barring US financial institutions from opening or maintaining correspondent accounts for the branches.

US liquefied natural gas (LNG) exports to Egypt rose by 236% year on year (YoY) to 86.047 billion cubic feet in June 2026, making the country the largest destination for US LNG during the month, according to data issued by the US Department of Energy (DOE).

The US Department of Commerce has imposed antidumping duties ranging from 34.20% to 52.73% on steel concrete reinforcing bar imported from Egypt, effective September 18, 2026.

The US Department of Commerce has finalized anti-dumping duties ranging from 34.2% to 52.73% on imports of steel reinforcing bars (rebar) from Egypt, while maintaining a 23.27% countervailing duty, according to the department's final determination.

he General Authority for the Suez Canal Economic Zone (SCZONE) discussed ways of deepening cooperation in the industrial and logistics sectors with the US Department of Commerce, as well as probed potential opportunities for American companies within the economic zone.

Egypt's Minister of Petroleum and Mineral Resources Karim Badawi met with Chris Wright, US Secretary of Energy, to discuss opportunities for investment, technology transfer, and expanded cooperation in the energy and mining sectors.

Egypt presented its vision to strengthen its role as a regional energy hub connecting producers and consumers at the US-Gulf Energy Infrastructure Summit in Washington, D.C., according to a statement by the Ministry of Petroleum and Mineral Resources.

The American Chamber of Commerce has submitted a proposal to the US Department of Commerce to reconsider the temporary tariffs imposed on Egyptian steel imports, Omar Mohanna, President of AmCham Egypt, revealed.

Chairman of the Mineral Resources and Mining Industries Authority Yasser Ramadan held a series of meetings with Turkish and American officials and companies to explore opportunities to attract investment to Egypt’s mining sector.

Minister of Investment and Foreign Trade Hassan El-Khatib met with a delegation from US-based grain storage and transportation services provider Blumberg Grain to discuss the company’s plan to establish a regional center in Egypt for its Middle East and East Africa operations.

The Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE) Waleid Gamal El-Dien concluded a roadshow in the US with a series of meetings to strengthen cooperation with American institutions and companies and encourage new investments in targeted sectors within the zone.

Egypt's Holding Company for Pharmaceuticals (HoldiPharma) and US-based Dawah Pharma joined forces with Qatari German Medical Devices Company (QG Medical Devices) to localize the medical supplies industry

The General Authority for Investment and Free Zones (GAFI) hosted an official delegation from the US state of Nebraska to discuss expanding investment cooperation across healthcare, tourism, agriculture, and land reclamation

The Federal Reserve cut its benchmark interest rate by a quarter of a percentage point on October 29th.

The US Federal Reserve held interest rates unchanged, maintaining the target range between 4.25% and 4.5%, as per by the Federal Open Market Committee’s (FOMC) statement.

Prime Minister Mostafa Madbouly held a ministerial meeting to follow up on efforts to enhance Egyptian-American economic cooperation

The state-owned pharmaceutical firm HoldiPharma signed a partnership agreement with US-based Dawah Pharma to establish a joint venture for the manufacturing and export of pharmaceuticals and nutritional supplements to international markets, including North America and Europe.

President Abdel Fattah El-Sisi unveiled plans to establish an American industrial zone in the Suez Canal Economic Zone (SCZone)

Minister of Investment and Foreign Trade Hassan El-Khatib has participated in the US-Egypt Policy Leaders Forum, organized by the American Chamber of Commerce (AmCham) in Egypt

More than 1,800 American companies operate in Egypt, with total investments exceeding $47 billion over the past two decades, Prime Minister Mostafa Madbouly revealed