Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Amid a Changing Global Landscape, Countries Seek Investment Opportunities at CIFIT

    September 12, 2026

    Ajman Department of Tourism, Culture & Media Showcases Emirate’s Tourism Offerings at Arabian Travel Market 2026

    September 12, 2026

    CBE’s 233 MW Kamoa Project Comes Online with AIKO ABC Modules

    September 12, 2026
    Arab Spark: News that captures Arabia’s momentum.Arab Spark: News that captures Arabia’s momentum.
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Arab Spark: News that captures Arabia’s momentum.Arab Spark: News that captures Arabia’s momentum.
    Home » Egypt GDP rises 5.2% as foreign reserves climb
    Business

    Egypt GDP rises 5.2% as foreign reserves climb

    June 8, 2026
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    CAIRO / MENA Newswire / — Egypt’s economy grew 5.2% in the first nine months of fiscal year 2025/2026, covering July 2025 through March 2026. The Ministry of Planning, Economic Development and International Cooperation reported the rate in its latest update on Egypt GDP growth. The period includes the first three quarters of the fiscal year. Egypt’s fiscal year runs from July 1 to June 30.

    A shipping container styled with the flag of Egypt, suspended in the air by a crane.
    Egypt’s latest fiscal data highlights GDP growth, reserves and sector activity.

    The figure followed 5.3% growth in the first quarter and 5.3% in the second quarter. Third quarter growth reached 5.0%, based on government data for January to March 2026. The nine month reading keeps Egypt’s economy above the 5% mark across the reported fiscal period. It also places the latest data above the 2.4% growth recorded in fiscal year 2023/2024.

    The latest Egypt economic growth data came alongside stronger external liquidity indicators. The Central Bank of Egypt reported net foreign currency reserves of $53.134 billion in May. That compared with $53.009 billion in April. Reserves serve as a key balance sheet marker for imports, debt payments and foreign currency stability. The May increase added to a series of monthly gains in reported reserves.

    Growth spread across sectors

    Government data for the first quarter showed broad gains in non-oil activity. Non-oil manufacturing grew 14.5%, matching the growth rate for communications and information technology. Tourist arrivals reached 5.1 million, up from 4.3 million a year earlier. Financial intermediation, insurance, electricity, wholesale trade, retail trade and construction also contributed to growth. The data showed that extractive activity continued to contract during the period.

    The Suez Canal returned to positive activity growth in the first quarter, according to the GDP note. Canal activity grew about 8.6%, after declines tied to regional shipping disruption in earlier periods. Tonnage reached 138.1 million tons, compared with about 127.2 million tons a year earlier. Canal revenues reached $1.1 billion during the quarter, up from about $975 million.

    Reserves add financial context

    The investment side also strengthened in the first quarter. Total investment at constant prices rose to EGP 278.7 billion from EGP 224.3 billion a year earlier. That represented growth of 24.2%. The quarterly note said investment contributed 2.45 percentage points to overall growth. Activity outside oil extraction remained the main source of GDP gains during the quarter.

    Egypt’s July to March GDP reading forms part of a recovery in official growth indicators since fiscal year 2023/2024. The economy expanded 5.3% in the first half of fiscal year 2025/2026. Third quarter data brought the nine month rate to 5.2%. The latest release covers three quarters of Egypt’s fiscal year and precedes the June fiscal year close.

    Related Posts

    Germany and UAE Formalize €9.66 Billion Commercial Partnership Amid High-Level Talks

    September 12, 2026

    India Russia bilateral trade target set at 100 billion by 2030

    September 12, 2026

    Germany to Receive €40 Billion Investment from UAE Across Multiple Sectors

    September 11, 2026

    Germany and UAE Strengthen Economic Ties with €40 Billion Investment Commitment

    September 11, 2026

    Gold Maintains Above $4,400 Ahead of U.S. Inflation Data Release

    September 10, 2026

    Tighter Transit Limits Loom at Panama Canal Due to Ongoing Drought Conditions

    September 9, 2026
    Latest News

    Germany and UAE Formalize €9.66 Billion Commercial Partnership Amid High-Level Talks

    September 12, 2026

    State leaders and corporate executives hold bilateral trade talks inside modern summit halls. The discussions centered on strengthening trade ties and boosting investment flows between the United Arab Emirates and Germany, with a focus on private sector initiatives in industrial innovation, artificial intelligence, and renewable energy projects. Sheikh Mohamed reiterated the UAE’s dedication to providing a competitive climate for investment, supported by legislative frameworks, modern regulatory infrastructure, and access to global logistics routes. As bilateral non-oil trade hit €13.4 billion, the meeting underscored the growing economic integration linking European manufacturing hubs with Middle Eastern trading networks. The event coincided with the Munich-based bilateral business forum, where government ministers and corporate executives signed 30 memoranda of understanding and commercial agreements worth €9.66 billion. Statements from the Emirates News Agency confirmed that these accords target rapidly expanding sectors such as advanced manufacturing, renewable energy, robotics, healthcare technology, and port infrastructure. UAE Minister for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi highlighted that total UAE investments in Germany have reached €34.5 billion, reflecting strong institutional capital movements between the two countries. UAE President Engages with German Business Leaders on Official Berlin Visit German corporate executives expressed keen interest in expanding their operations in the UAE, citing the country’s role as a key trade corridor connecting European exporters to Middle Eastern, Asia, and African markets. They also reviewed strategic initiatives aimed at advancing joint research in green hydrogen production, industrial automation, and strengthening digital infrastructure resilience. The official state visit also

    India Russia bilateral trade target set at 100 billion by 2030

    September 12, 2026

    Germany to Receive €40 Billion Investment from UAE Across Multiple Sectors

    September 11, 2026

    Germany and UAE Strengthen Strategic Ties During Berlin Official Visit

    September 11, 2026

    Germany and UAE Strengthen Economic Ties with €40 Billion Investment Commitment

    September 11, 2026

    UAE President’s Visit to Germany Strengthens International Collaboration and Economic Ties

    September 11, 2026

    Apple launches iPhone 18 Pro with A20 Pro and Siri AI

    September 10, 2026

    Funding Gaps and Staff Shortages Impede Ebola Fight in the Democratic Republic of the Congo, WHO Reports

    September 10, 2026

    Sheikh Mohamed bin Zayed’s Official Visit to Germany Begins with High-Level Talks in Berlin

    September 10, 2026
    © 2026 Arab Spark | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.