Daily brief
Egyptian President Abdel Fattah el-Sisi promoted investment opportunities in energy, automotive, and technology sectors at the World Economic Forum in Davos. He emphasized Egypt's economic reforms and stability as key for attracting foreign capital. The World Economic Forum head noted Egypt's strengthening economic role.
Egypt has paid $5 billion in arrears to foreign oil companies, Prime Minister Mostafa Madbouly announced.
Egypt ended a customs exemption for mobile phones, a move expected to raise prices and which critics have called unfair (ongoing coverage).
Suez Canal revenues rose by 18.5% in the first half of the 2025/2026 fiscal year.
Egypt's tourism revenue reached $5.5 billion over three months as the country promoted itself at the Fitur trade fair in Madrid.