Export Development Bank of Egypt: Net consolidated profits of 6.05 billion EGP in 2025, compared to 5.21 billion in 2024.
Talaat Moustafa Group Holding: Net consolidated profits of 18.2 billion EGP in 2025, compared to 12.7 billion in 2024.
Al Naim Real Estate Group Holding: Net consolidated profits of 127.8 million EGP in 2025, down from 186.7 million in 2024.
Bonyan for Development and Trade: Net profits of 2 billion EGP in 2025, compared to 2.67 billion in 2024.
Alexandria Medical Services – New Medical Center Alexandria: Net profits of 55 million EGP in 2025, compared to 29.8 million in 2024.
Commercial International Bank (CIB): Obtained approval from the Central Bank of Egypt to begin auditing the retail banking portfolio of HSBC Egypt.
Egyptian Transport and Logistics (Egytrans): Egytrans Nosco and Nafeth International entered a new partnership phase with the Suez Canal Economic Zone after winning a 25‑year concession to manage and operate truck yards at Ain Sokhna Port.
📊 Major Economic Developments
Egyptian Exchange: Launch of futures trading starting March 1, 2026, marking a historic step in capital market development.
FTSE Russell: Confirmed that the Egyptian Exchange meets the minimum requirements to maintain its classification as an emerging market.
Central Bank of Egypt:
Withdrew 82.2 billion EGP in liquidity via open market operations at 19.5% interest.
Forecasts GDP growth of 5.1% in FY 2025/2026 and 5.5% in FY 2026/2027, higher than previous estimates.
Notes that energy price hikes and slow declines in non‑food inflation may limit the pace of disinflation.
Average deposit rates fell to 15.3% by end of 2025 after cumulative rate cuts of 725 basis points.
Yields on Egyptian international Eurobonds dropped by about 140 basis points in Q2 FY 2025/2026.
Foreign investor confidence boosted long‑term debt investments.
One‑week interbank transactions accounted for 36% of total trading, up from historical averages of 5–7%.
Port Said Engineering & Marine Construction Company (Suez Canal Authority affiliate): Profits rose to 118 million EGP in H1 FY 2025/2026, driven by floating hotel contracts and marine unit manufacturing.
Ministry of Investment & Foreign Trade: Discussed enhancing the efficiency of Egypt’s Sovereign Fund asset management.
Ministry of Local Development & Environment: Negotiated with Al Manaa Holding Group to establish a biodiesel plant (100 tons/day capacity) with $15.6 million investment.
Ministry of Petroleum:
Approved the investment budget of the General Petroleum Company for FY 2026/2027, targeting drilling of 66 wells with investments exceeding 8 billion EGP.
Emphasized the role of advanced seismic technologies (including OBN seabed seismic surveys) in unlocking new opportunities in the Gulf of Suez.
Approved investment budgets for Cooperation Petroleum Company (1.2 billion EGP) and Assiut Refining Company, aiming to refine 4.2 million tons of crude.
Fitch Ratings: Forecasts Egyptian gas production to rise 8% in 2026 to 46.6 bcm, supported by resumed drilling at Zohr field and phase two of the Raven project.
General Authority for Investment: Following up on establishing a high‑concentration phosphate project in Qift Free Zone, Qena Governorate, with $40 million investment over 190,000 m².
