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Source:
الوطن
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Latest Economic News Roundup
Among the major economic developments over the past 24 hours were the signing of a gas exploration agreement off the coast of eastern Alexandria, involving investments of at least $42 million and the drilling of three exploratory wells; the Central Bank of Egypt’s launch of the second edition of the National Cybersecurity Framework, based on more than 38 international standards; and the submission of three applications for digital banking licenses. Egypt’s stock market indices rose, with the EGX 30 gaining 1.2%. Market capitalization increased by around EGP 48 billion to EGP 4.086 trillion. Egyptian chemical and fertilizer exports to Italy reached $818 million in the first nine months of 2026. Fertilizers topped the list at $269 million, followed by petrochemicals at $224.4 million and plastics at $206.4 million.
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