Arab Finance: Major headlines dominated the third week of April, with Omar Radwan named as the new Chairman and the government expanding its IPO program with the temporary listing of six companies among the most viral news stories.

The top 10 trending news stories of the week ended April 23rd are as follows:

1- Madbouly appoints Omar Radwan as EGX Chairman for 1 year

Prime Minister Mostafa Madbouly has issued a decree appointing Omar Radwan as Chairman of the Board of Directors of the Egyptian Exchange (EGX) for a one-year term, succeeding Islam Abdel Azim Azzam, who was appointed as Chairman of the EGX in August 2025.

2- Egypt’s growth to ease to 4.3% in FY2025/26: World Bank

Egypt’s economic growth is projected to soften to 4.3% in the current fiscal year (FY) 2025/2026, slowing to 4% in FY 2026/2027 before accelerating to 4.6% in FY 2027/2028, according to the World Bank’s latest Macro Poverty Outlook report.

3- Egypt’s financial inclusion rate reaches 77.6% in 2025: CBE

Egypt’s financial inclusion rate among citizens aged 15 and above reached 77.6% in December 2025, reflecting sustained growth in access to financial services, according to the Central Bank of Egypt (CBE).

 4- EGX sees 200% surge in new investors in Q1 2026

The Egyptian Exchange (EGX) witnessed a 200% year-on-year (YoY) surge in new investor numbers during the first quarter (Q1) of 2026, registering 164,230 new listings, reflecting growing confidence in the Egyptian market.

5- Egypt to apply daylight saving time from last Friday of April to October

Egypt will begin applying daylight saving time starting April 24th, the last Friday of April, in line with Law No. 24 of 2023, which regulates seasonal time changes across the country.

6- EGX plans 6 temporary listings, eyes more petroleum IPOs

The Egyptian Exchange (EGX) Vice Chairman Mohamed Sabry has probed the final arrangement for the temporary listing of six new companies under the government's initial public offering (IPO) program.

7- Egypt launches campaign to promote investment zones

Egypt’s Ministry of Investment and Foreign Trade has launched a three-month campaign to promote investment zones, highlighting their role in attracting EGP 66.3 billion in investments and creating more than 77,500 jobs across the country.

8- FRA approves 9 companies to expand non-bank financial services

The Financial Regulatory Authority (FRA) has approved nine companies to operate in non-banking financial activities, in a move aimed at broadening access to financial services and supporting market stability and investment attractiveness.

9- Egypt to unveil timing for Banque du Caire, Misr Life Insurance IPOs in May-June

The Egyptian government will announce the timeframe for the initial public offerings (IPOs) of Banque du Caire and Misr Life Insurance Company on the Egyptian Exchange (EGX) during May and June, Minister of Investment and Foreign Trade Mohamed Farid announced in a meeting with a delegation from HSBC and Bank for International Settlements (BIS).

10-Edita inks EGP 600M medium-term facility deal to fuel expansion

Edita Food Industries has signed a medium-term loan agreement valued at EGP 600 million, with a maturity of seven years. The company will use the loan to expand capacity and add new production lines.