Close Menu
    What's Hot

    Chervon Names Charlie Harte Director of Field Sales & Recruiting – Canada

    October 12, 2026

    Oman electricity output grows as water production declines

    October 12, 2026

    Pakistan imposes governor’s rule in Khyber Pakhtunkhwa

    October 12, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Chervon Names Charlie Harte Director of Field Sales & Recruiting – Canada
    • Oman electricity output grows as water production declines
    • Pakistan imposes governor’s rule in Khyber Pakhtunkhwa
    • Indonesia logs $7.33 billion in 2026 foreign inflows
    • EU announces investment in health of almost €170M plan
    • Pakistan bears largest share of rising MENAAP poverty
    • African Union launches Africa Credit Rating Agency
    • Air Arabia adds new Sharjah to Amman City Airport route
    • Home
    • Contact Us
    South Africa GazetteSouth Africa Gazette
    Monday, October 12
    • Automotive
    • Business
    • Entertainment
    • Health
    • Luxury
    • Lifestyle
    • News
    • Sports
    • Technology
    • Travel
    South Africa GazetteSouth Africa Gazette
    Home » Egypt GDP rises 5.2% as foreign reserves climb

    Egypt GDP rises 5.2% as foreign reserves climb

    June 8, 2026
    Share
    Facebook Twitter LinkedIn Pinterest 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.

    Keep Reading

    Oman electricity output grows as water production declines

    Indonesia logs $7.33 billion in 2026 foreign inflows

    African Union launches Africa Credit Rating Agency

    Debt-ridden Pakistan SOE debt climbs to $36.5 billion

    UAE overseas FDI stock rises above $402 billion

    Pakistan petrol climbs while diesel falls in fuel update

    Latest News

    Oman electricity output grows as water production declines

    October 12, 2026

    Pakistan imposes governor’s rule in Khyber Pakhtunkhwa

    October 12, 2026

    Indonesia logs $7.33 billion in 2026 foreign inflows

    October 12, 2026

    EU announces investment in health of almost €170M plan

    October 10, 2026

    Pakistan bears largest share of rising MENAAP poverty

    October 9, 2026

    African Union launches Africa Credit Rating Agency

    October 9, 2026

    Air Arabia adds new Sharjah to Amman City Airport route

    October 9, 2026
    © 2026 South Africa Gazette | All Rights Reserved
    • Home
    • Contact Us

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