The CBE's Monetary Policy Committee decided to maintain the overnight deposit rate, overnight lending rate, and the rate of the main operation steady at 27.25%, 28.25%, and 27.75%, respectively. The MPC attributed the decision to the decline of the inflationary pressures.

The Suez Canal Economic Zone (SCZone) saw its revenues grow 36% y-o-y to hit a record EGP8.3 billion during the fiscal year 2023-2024.

Suez Canal revenues recorded USD315 million in June, dropping by 63% YoY, due to less traffic on disruptions in the Red Sea.

Emirati sustainability firm Beeah plans to invest AED500 million (c. USD136 million) in Egypt’s waste management and sustainability.

The EGPC has launched a global tender to import approximately 740,000 tons of petroleum products for delivery next August.

SWDY signed a contract to supply transformers for agricultural reclamation projects at a cost of EGP350 million.

Shareholders who subscribed to Qalaa Holdings’ debt buyback program will start receiving their debt notes starting 1 August until 15 August.

Egypt's natural gas output stood at 4.3 bn cubic meters in May, one of the lowest levels in over six years.
 BP plans to invest some USD200 million to drill two new wells at its Raven natural gas field at the North Alexandria concession. 

Wesson Group’s financial consultancy firm Lionsbridge is looking to set up a USD3 billion phosphoric acid production factory in the Abu Tartour port.

MNT-Halan has raised USD157.7 million in a funding round that will contribute to the company’s international expansion plans.