AGP Executive Report
Last update: 4 hours agoCredit & Reform: Moody’s upgraded Egypt’s rating to B3 with a positive outlook, citing improving economic resilience as reforms advance. Investment: Egypt opened an investment zone for Qatar’s $29.7 billion Alam Al Roum development, while foreign real-estate investment rose 47.4% to $2.8 billion. Energy: With global gas prices climbing, Egypt is increasing fuel-oil use at power plants to manage costs. Markets: The pound weakened to EGP 53.80 per dollar and the EGX70 fell 6.58% amid regional tensions; Banque du Caire also won regulatory approval for a planned 30% IPO stake worth up to EGP 24.25 billion. Trade & Tourism: Non-oil exports reached $48 billion in 2025, and Egypt welcomed 14.4 million international visitors in the first nine months of 2026.
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