Egypt’s total government debt hit EGP 17.850 trillion in the first quarter (Q1) of 2026, up 8.8% from EGP 16.411 trillion in Q4 2025, according to official data from the Ministry of Planning and Economic Development.

Dana Gas’s production in Egypt continued to grow in the first nine months of 2026, with six new wells drilled so far, including four exploration and two development wells, in addition to three recompleted existing wells.

Egypt discussed cooperation with the Africa Finance Corporation (AFC) in financing new projects across Egypt’s oil, gas, refining, petrochemicals, and mining sectors.

Egypt’s Ministry of Labor, delivery platform talabat Egypt, and several logistics companies contracted by talabat have signed a cooperation protocol to formalize the status of delivery workers and provide them with social and healthcare benefits, as per a statement.

The Suez Canal Economic Zone (SCZONE) and Beijing-based development finance institution China Development Bank (CDB) explored cooperation on investment projects, infrastructure, and utilities to support development within the zone, according to a SCZONE statement.

Egypt aims to quadruple gas production at the Obaiyed H-18 well to about 12 million cubic feet per day, up from about 3 million, through multistage hydraulic fracturing, Minister of Petroleum and Mineral Resources Karim Badawi said.

Egypt and Slovenia explored expanding trade and investment, connecting more Egyptian ports with Slovenia’s Port of Koper, and arranging employment opportunities for Egyptian workers during talks between Prime Minister Mostafa Madbouly and Slovenian President Natasa Pirc Musar on November 4, as per a statement.

Egypt and Türkiye are seeking to increase bilateral trade to $15 billion by 2028, as the two countries explore measures to strengthen investment ties, remove trade barriers, and expand industrial cooperation, as per a statement.

Egypt's state-owned petroleum contractor Petroleum Projects & Technical Consultations Co (Petrojet) has secured key contracts for the development of Cyprus’ offshore Cronos natural gas field, including a 57-kilometer natural gas pipeline connecting the Zohr field facilities to the Damietta liquefied natural gas (LNG) plant, the Ministry of Petroleum and Mineral Resources announced.

Egypt and the UAE mulled over deepening cooperation in the oil and natural gas sectors, including investment, exploration, and field development.

Egypt has returned to international markets by reopening existing bond issuances worth $500 million, despite economic challenges, heightened uncertainty, and geopolitical tensions, according to a statement from the Ministry of Finance.

Minister of Petroleum and Mineral Resources Karim Badawi met with Anant Maheshwari, President of Strategy and CEO of Global Regions at US-based industrial technology company Honeywell, to discuss deploying advanced technologies and digital solutions to modernize Egypt’s refineries, improve operational efficiency, and reduce emissions across the petroleum sector.

Minister of Petroleum and Mineral Resources Karim Badawi met with Girish Saligram, President and CEO of US-based oilfield services company Weatherford International, to explore expanding cooperation on advanced technologies and digital solutions to boost Egypt’s oil and gas production while reducing operating costs.

Norway-based oil and gas company DNO is exploring plans to enter the Egyptian market and invest in exploration and production in the Western Desert, according to a statement outlining talks with Minister of Petroleum and Mineral Resources Karim Badawi.

Egypt’s non-oil private sector contracted for a 10th consecutive month in October, with the S&P Global Egypt Purchasing Managers’ Index (PMI) holding at 47.2 as output and new orders fell more sharply.

Egypt and US-based energy company Chevron reviewed positive drilling results from the Mediterranean’s Nargis-2 well and progress toward connecting Cyprus’s Aphrodite gas field to Egyptian infrastructure.

Egypt held talks with China-based industrial technology company Hangzhou Boomy Intelligent Technology on establishing a solar cell manufacturing plant and transferring technology to expand local production.

Egypt and the International Fund for Agricultural Development (IFAD) signed a €58.22 million concessional development financing agreement and a $470,000 grant agreement to support sustainable agricultural and rural development, as per a statement from the Ministry of Foreign Affairs, International Cooperation, and Egyptian Expatriates.

Egypt’s National Green Hydrogen Council has approved a one-year extension to a memorandum of understanding with Saudi Arabia-based energy developer ACWA Power, extending land access for its green hydrogen and ammonia project in the East Nile region, as per a statement.

Egypt and Germany discussed expanding cooperation in renewable energy and electricity infrastructure, including debt-swap agreements to finance power substations and grid-connection projects, according to a statement from the Ministry of Electricity and Renewable Energy.