Close Menu

    Subscribe to Updates

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

    What's Hot

    Changan launches new energy vehicle DEEPAL brand in Oman with advanced range extended electric vehicles

    June 8, 2026

    GENOA CFC SIGN OMANI MIDFIELDER SUHAYB AL KHARUSI TO THREE-YEAR DEAL

    June 8, 2026

    Egypt GDP rises 5.2% as foreign reserves climb

    June 8, 2026
    Facebook X (Twitter) Instagram
    Lusail MediaLusail Media
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Lusail MediaLusail Media
    Home » Egypt GDP rises 5.2% as foreign reserves climb
    Business

    Egypt GDP rises 5.2% as foreign reserves climb

    June 8, 2026
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    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.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Korean cosmetics exports hit US$5.6 billion in five months

    June 8, 2026

    FAO backs $3.9bn GEF-9 funding for food security

    June 8, 2026

    WHO reports 507 Ebola cases across Congo and Uganda

    June 8, 2026
    Latest News

    Egypt GDP rises 5.2% as foreign reserves climb

    Business June 8, 2026

    Egypt’s economy grew 5.2% from July 2025 to March 2026, with GDP gains and higher reserves shaping the latest fiscal update.

    Korean cosmetics exports hit US$5.6 billion in five months

    June 8, 2026

    FAO backs $3.9bn GEF-9 funding for food security

    June 8, 2026

    WHO reports 507 Ebola cases across Congo and Uganda

    June 8, 2026

    UN envoy cites regional push to end Middle East conflict

    June 6, 2026

    Global health bodies seek $518 million for Ebola response

    June 6, 2026

    Dollar heads for weekly gain as yen nears 160 level

    June 5, 2026
    © 2026 Lusail Media | All Rights Reserved
    • Home
    • Contact Us

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