Arab Finance: The third week of October saw major developments in Egypt’s business landscape, marked by large-scale real estate investment agreements, IPO milestones, and strategic financial transactions.

Key highlights included TMG Holding’s EGP 11 trillion agreements to develop four mixed-use projects in Egypt, MNT-Halan’s commencement of trading on the EGX, and Banque du Caire’s progress toward its planned stock market debut.

1- Egypt forms permanent committee to monitor steel billet supplies, prices

Egypt has established a permanent committee to monitor steel billet availability and prices as the government works to address production challenges facing steelmakers and rolling mills, according to a joint statement from the Ministry of Industry and the Ministry of Investment and Foreign Trade.

2- Egypt’s trade deficit widens 36.2% in August 2026

Egypt’s trade deficit widened by 36.2% year-on-year (YoY) to $6.4 billion in August 2026, compared to $4.7 billion in the same month of 2025, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS).

3- FRA grants 7 entities approvals for non-banking financial activities

The Financial Regulatory Authority (FRA) has granted seven companies and entities approvals covering incorporation, registration, licensing, and additional activities across Egypt’s capital market and non-banking financial sectors.

4- Qatari Diar’s Alam El-Roum investment zone opens in Egypt

Qatari Diar’s Alam El-Roum investment zone has been inaugurated in Egypt, with Minister of Investment and Foreign Trade Mohamed Farid Saleh attending the opening of the Qatari-owned development.

5- Banque du Caire secures cornerstone investors for 63% of private placement tranche

Banque du Caire and its major shareholder, Banque Misr, have signed cornerstone investment agreements with a group of qualified investors to purchase about 63% of the shares allocated to the first tranche of its private placement, which represents 95% of the total shares offered for sale.

60 TMG Holding signs EGP 11T agreements for 4 mixed-use projects in Egypt

Talaat Moustafa Group Holding (TMG Holding) signed agreements with the Egyptian Government to develop four major mixed-use projects with combined targeted investments of EGP 11 trillion.

7-  Maersk expects full return of shipping services to Suez Canal by March 2027

Denmark-based shipping group A.P. Moller-Maersk expects all its shipping services to return to the Suez Canal by March 2027, according to a statement from the Suez Canal Authority (SCA).

8- MNT-Halan begins trading on EGX after strong IPO demand

MNT-Halan celebrated the commencement of trading in its shares on the Egyptian Exchange (EGX) under the ticker symbol HALN.CA after attracting strong investor demand for its initial public offering (IPO).

9- IMF praises Egypt’s reform progress ahead of final EFF review in Q4 2026

Egypt has made significant progress in its economic reform and stability program despite a challenging external environment, said Taline Koranchelian, the International Monetary Fund (IMF) Deputy Director at the Middle East and Central Asia Department.

10- Eni launches start-up activities at Egypt’s Meleiha Phase 2 gas project

Eni has begun start-up activities at its Meleiha Phase 2 (MP2) project in Egypt’s Western Desert through its joint venture with the Egyptian General Petroleum Corporation (EGPC), Agiba Petroleum Company.