Close Menu

    Subscribe to Updates

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

    What's Hot

    Japan deploys AI to detect investment fraud earlier

    September 3, 2026

    South Korea inflation quickens to 3.1% as costs climb

    September 3, 2026

    VARIANSE and Southampton FC announce multi-year global trading partnership

    September 3, 2026
    Urban Abu DhabiUrban Abu Dhabi
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Urban Abu DhabiUrban Abu Dhabi
    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

    South Korea inflation quickens to 3.1% as costs climb

    September 3, 2026

    Korea’s August exports jump 68.7% to $98.25 billion on chips

    September 2, 2026

    India GDP grows 7.8% as Modi hails resilient economic growth

    September 2, 2026

    Nikkei drops as Japan bond yields hit three-decade highs

    September 1, 2026

    Indonesia links sports investment to new licensing framework

    August 31, 2026

    Oil prices rebound after Brent slides below $93

    August 25, 2026
    Recent News

    Japan deploys AI to detect investment fraud earlier

    September 3, 2026

    Japan is expanding its fight against investment fraud with a new system that uses artificial intelligence to spot warning signs earlier. The Consumer Affairs Agency announced the package on September 1. It will analyze consumer complaints for language and patterns linked to fraudulent schemes and failing businesses. The package says AI will supplement existing keyword searches and support earlier alerts, investigations and enforcement when complaint data indicate serious risks.

    South Korea inflation quickens to 3.1% as costs climb

    September 3, 2026

    India-Russia ties lead Modi-Putin talks at SCO summit

    September 2, 2026

    Egypt and China mark 70 years during Xi Jinping visit

    September 2, 2026

    Korea’s August exports jump 68.7% to $98.25 billion on chips

    September 2, 2026

    India GDP grows 7.8% as Modi hails resilient economic growth

    September 2, 2026

    Lionel Messi retires from Argentina after 21-year record run

    September 1, 2026

    Nikkei drops as Japan bond yields hit three-decade highs

    September 1, 2026
    © 2026 Urban Abu Dhabi | All Rights Reserved
    • Home
    • Contact Us

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