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Rating Agencies | Middle East | Corporate News | Egypt

Fitch Affirms CIB and Banque du Caire at B as CIB Earns 12.1 Percent on Risk-Weighted Assets
October 22, 2026October 26, 2026

Fitch Ratings affirmed Commercial International Bank (CIB) and Banque du Caire at B with a Stable Outlook on 21 October. Its CIB commentary ranks the bank’s core profitability measure the highest among the Egyptian banks it rates. CIB’s annualised operating profit came to 12.1 percent of risk-weighted assets in the first half of 2026. Banque…

Read More Fitch Affirms CIB and Banque du Caire at B as CIB Earns 12.1 Percent on Risk-Weighted Assets
Rating Agencies | Middle East | Corporate News | Egypt

Fitch Affirms NBE and Banque Misr at B as Core Capital Rises to 10.6 and 10.7 Percent
October 20, 2026October 26, 2026

Fitch Ratings affirmed National Bank of Egypt and Banque Misr at B with a Stable Outlook on 20 October, and kept both banks’ Viability Ratings at b. Both banks ended 2025 with stronger core capital than a year earlier. National Bank of Egypt’s common equity Tier 1 ratio rose to 10.6 percent at end-2025 from…

Read More Fitch Affirms NBE and Banque Misr at B as Core Capital Rises to 10.6 and 10.7 Percent
Energy & Commodities | International Organizations | Egypt | UAE

EBRD Arranges 265 Million Dollars for Egypt’s Minya, Set to Be Africa’s Largest Solar Plant
October 20, 2026October 20, 2026

Egypt’s Minya solar plant is lining up its debt. The European Bank for Reconstruction and Development (EBRD) said on 20 October that it is arranging up to 265 million dollars for the project. The plant will have 1.2 gigawatts of solar capacity and 600 megawatt hours of battery storage. It is set to become the…

Read More EBRD Arranges 265 Million Dollars for Egypt’s Minya, Set to Be Africa’s Largest Solar Plant
Energy & Commodities | Rating Agencies | Corporate News | Saudi Arabia

YANSAB Triples Third-Quarter Profit to 237.3 Million Riyals as Fitch Affirms SABIC at A+
October 20, 2026October 26, 2026

Yanbu National Petrochemical Co. (YANSAB) earned 237.3 million riyals in the third quarter of 2026, according to results it posted on the Saudi Exchange on 20 October. That is 3.2 times the 74.2 million riyals of a year earlier, on our calculation. SABIC Agri-Nutrients posted its results the same day. Its quarterly profit rose 27.7…

Read More YANSAB Triples Third-Quarter Profit to 237.3 Million Riyals as Fitch Affirms SABIC at A+
Macro | Rating Agencies | Middle East | Egypt

Moody’s Upgrades NBE and 4 Other Egyptian Banks a Notch, Bank of Alexandria to B2
October 20, 2026October 23, 2026

Moody’s Ratings upgraded 5 Egyptian banks by one notch on 19 October and kept a positive outlook on their deposit ratings. National Bank of Egypt, Banque Misr, Banque du Caire and Commercial International Bank now carry long-term deposit ratings of B3, up from Caa1. Bank of Alexandria moves to B2 from B3. The standalone credit…

Read More Moody’s Upgrades NBE and 4 Other Egyptian Banks a Notch, Bank of Alexandria to B2
Markets | Macro | IMF | Egypt

Egyptian Pound Holds Above Its April Low as Reserves Rise to 57.35 Billion Dollars
October 18, 2026

The Egyptian pound stood above its April low on 15 October. On the Central Bank of Egypt’s average market buy rate, the dollar’s price was 53.4134 pounds that day, against its 7 April peak of 54.6537. The dollar had climbed to that peak from 47.8714 on 26 February, the last published date before the conflict…

Read More Egyptian Pound Holds Above Its April Low as Reserves Rise to 57.35 Billion Dollars
International Organizations | IMF | Egypt | Saudi Arabia

Saudi Arabia Keeps the IMFC Chair for a 4th Year as Members Back Secure Energy Flows
October 17, 2026November 4, 2026

Saudi Finance Minister Mohammed Al-Jadaan will chair the International Monetary and Financial Committee into a fourth year, and the committee’s members, meeting in Bangkok on 17 October, agreed text that stresses secure and resilient energy flows and the principle of freedom of navigation as essential to global economic stability. In the same text, members said…

Read More Saudi Arabia Keeps the IMFC Chair for a 4th Year as Members Back Secure Energy Flows
Energy & Commodities | Geopolitics | IEA | Middle East

Report: Oil: Anatomy of a War Premium
October 17, 2026October 17, 2026

Brent’s front month settled at 109.86 dollars a barrel on 16 October, 3.72 percent higher on the day and its highest settlement since 19 May, capping a rebuild from the 22 September trough of 99.45 that is worth 10.41 dollars, or 10.5 percent, across the late September contract roll, on our calculation. The Edge’s new…

Read More Report: Oil: Anatomy of a War Premium
Macro | Rating Agencies | Middle East | Egypt

Moody’s Lifts Egypt to B3 With a Positive Outlook as Debt Sheds 13.4 Points of GDP Since 2023
October 17, 2026October 17, 2026

First published at 23:05 GMT on 16 October; updated with the Finance Ministry’s statement at 11:49 GMT on 17 October. Moody’s Ratings upgraded Egypt’s long-term local and foreign-currency issuer ratings to B3 from Caa1 on 16 October and kept the outlook positive, crediting fiscal consolidation and structural reforms that have set government debt and interest…

Read More Moody’s Lifts Egypt to B3 With a Positive Outlook as Debt Sheds 13.4 Points of GDP Since 2023
Energy & Commodities | World Bank | Middle East | Egypt

Egypt Targets 9.8 Billion Dollars of Mineral Exports by 2040 Under a World Bank Group Compact
October 16, 2026November 4, 2026

Egypt’s country compact with the World Bank Group targets 9.8 billion dollars of metals and minerals-related exports by 2040 and a 6 percent minerals contribution to GDP by 2030, under plans announced in Bangkok on 16 October. Egypt was one of 8 countries to announce compacts or partnerships there, alongside Argentina, Bolivia, India, Kazakhstan, Malawi,…

Read More Egypt Targets 9.8 Billion Dollars of Mineral Exports by 2040 Under a World Bank Group Compact