Arab Finance: The first week of October ended with the Egyptian market witnessing major developments in the energy, financing, and macroeconomic sectors.
Here's a list of the most important news covered from October 4 to October 7.
1-World Bank forecasts Egypt’s GDP at 4.3% in FY2026/27
Egypt’s real gross domestic product (GDP) is forecast to grow 4.3% in fiscal year (FY) 2026/2027, easing from an estimated 5.1% growth in FY2025/2026, according to the World Bank’s October 2026 Macro Poverty Outlook.
2- Egypt’s non-oil private sector downturn deepens in September: PMI
Egypt’s non-oil private sector businesses contracted in September as output and new orders declined sharply, with the S&P Global Egypt Purchasing Managers’ Index (PMI) falling to 47.2 from August’s seven-month high of 49.6.
3- Egypt’s net international reserves reach $57.35B end-September: CBE
Egypt’s net international reserves reached $57.35 billion at the end of September 2026, up from $57.215 billion a month earlier, according to data from the Central Bank of Egypt (CBE).
4- FTSE Russell removes Egypt from watch list for frontier market downgrade, retains emerging status
FTSE Russell will remove Egypt from its watch list for a potential downgrade to Frontier market status, retaining its Secondary Emerging classification after the market met the minimum securities count requirement.
5- EGX attracts 550,000 new investors since start of 2026: Radwan
The Egyptian Exchange (EGX) has attracted 550,000 new investors since the beginning of 2026, compared with around 299,000 new investors during all of 2025, Chairman Omar Radwan said during the “Money Made Simple” conference.
6- Beltone Asset Management, Amtaar Capital target EGP 2B multi-issuance real estate fund
Beltone Asset Management, a subsidiary of Beltone Holding, and Amtaar Capital joined forces to establish a multi-issuance real estate investment fund with targeted issuances totaling EGP 2 billion.
7- MNT-Halan sets IPO price at EGP 24.5/share
MNT-Halan is set to offer 320 million shares, equivalent to 20% of its total share capital of 1.6 billion shares, at an offering price of EGP 24.50 per share.
8- EFG Holding prepares for Egypt’s largest IPO in 20 years: CEO
EFG Holding is preparing for the listing of three additional companies on the Egyptian Exchange (EGX) in 2026, Group CEO Karim Awad said at the EnterpriseAM Forum.
9- Qalaa Holdings seeks EGP 9.5B debt waivers via capital increase
Qalaa Holdings plans to use proceeds from its capital increase to strengthen its capital structure and financial solvency while reducing the burden and risks associated with accumulated debt.
10- EGAS, Chevron sign $88M agreement for Lotus offshore exploration
The Egyptian Natural Gas Holding Company (EGAS) and US-based energy company Chevron signed an agreement to explore for and develop natural gas and crude oil in the Mediterranean Sea’s Lotus offshore block, with a minimum investment commitment of $88 million.
