{"id":681796,"date":"2026-01-07T00:00:00","date_gmt":"2026-01-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/07\/foreign-reserves-jump-to-usd-51-5-bn-in-december\/"},"modified":"2026-01-07T00:00:00","modified_gmt":"2026-01-07T00:00:00","slug":"foreign-reserves-jump-to-usd-51-5-bn-in-december","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/07\/foreign-reserves-jump-to-usd-51-5-bn-in-december\/","title":{"rendered":"Foreign reserves jump to USD 51.5 bn in December"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Foreign reserves still on an upward trend<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egypt\u2019s net foreign reserves reached USD 51.5 bn at the end of December<\/strong>, surging over USD 1.2 bn from <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/08\/foreign-reserves-increase-to-usd-50-2-bn-in-november\/\" style=\"\" rel=\"noopener\">November<\/a>, according to central bank <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/1\/180.PNG\" style=\"\" rel=\"noopener\">data (pdf)<\/a>. The jump was driven by a USD 914 mn increase in the value of our gold reserves and another USD 327 increase in foreign currency holdings, which offset a USD 5 mn slip in Special Drawing Rights.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Turkey\u2019s AS Tekstil to set up textile accessories plant in Qantara<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Turkish label manufacturer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.as-textile.com\/index.php\" style=\"\" rel=\"noopener\">AS Tekstil<\/a><\/strong><strong> signed a USD 4.1 mn contract yesterday to <\/strong><strong>establish a production facility in the SCZone\u2019s Qantara West Industrial Zone<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1444760584361024?ref=embed_post\" style=\"\" rel=\"noopener\">statement<\/a>. The 3k-sqm factory will produce 60 mn garment labels and textile accessories annually and is expected to create 300 direct jobs once fully operational.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> Matouk Bassiouny & Hennawy edges closer to launching full operations in Saudi<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cairo-headquartered regional law firm Matouk Bassiouny & Hennawy acquired a 75% <\/strong><strong>stake in a <\/strong><strong>Saudi firm as it gears up to launch full operations in the kingdom this year<\/strong>, Founding Partner Omar Bassiouny told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2026\/01\/06\/1940597\" style=\"\" rel=\"noopener\">Al Borsa<\/a> in an interview. This marks the firm\u2019s second major GCC expansion following its <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/matouk-bassiouny-hennawy-names-managing-partner-of-uae-office-arab-dairy-gets-a-new-board-of-directors-schneider-electric-egypts-deputy-ceo-resigns\/\" style=\"\" rel=\"noopener\">entry into the UAE<\/a>, effectively linking the three biggest markets in the MENA region. MBH first signaled it was looking at the Gulf back <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/07\/24\/matouk-bassiouny-taqa-arabia-look-to-expand-in-saudi-arabia\/\" style=\"\" rel=\"noopener\">in 2023<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> FRA goes paperless<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Financial Regulatory Authority (FRA) launched a one-month pilot for the first unified <\/strong><strong>digital payment network for the non-banking financial sector (NBFS)<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/1\/174.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. Developed with EGX-listed fintech player e-Finance, the platform replaces paper-based settlements with a single electronic interface for all regulatory dues and service fees. Regulated companies can now settle financial obligations and track records in real-time, moving the sector away from manual, delayed filings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What this means: <\/strong>The NBFS sector is getting too big to manage on paper. Players in the industry provided financing worth more than EGP 1 tn in the first 10 months of 2025 for <a target=\"_blank\" href=\"https:\/\/fra.gov.eg\/fra_news\/%d9%84%d8%a3%d9%88%d9%84-%d9%85%d8%b1%d8%a9-%d8%a7%d9%84%d8%aa%d9%85%d9%88%d9%8a%d9%84%d8%a7%d8%aa-%d8%a7%d9%84%d9%85%d9%85%d9%86%d9%88%d8%ad%d8%a9-%d9%85%d9%86-%d8%ac%d9%87%d8%a7%d8%aa-%d8%a7%d9%84\/\" style=\"\" rel=\"noopener\">the first time<\/a>, recording EGP 1.1 tn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Midar, Sporting for Investment to set up EGP 3 bn new social and sports club<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Midar Investment and <\/strong><strong>Urban Development has partnered with Alexandria Sporting Club\u2019s <\/strong><strong>Sporting for Investment and Sports Facilities to develop the first social and sports club in Mostakbal City<\/strong>, with investments exceeding EGP 3 bn, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/1\/173.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. Construction work on the 42-feddan project will take place over three phases, with the first phase slated to open in 1H 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The strategy:<\/strong> Midar \u2014 the master developer of Mostakbal City and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/10\/13\/midar-and-sodic-to-develop-egp-110-bn-wellness-focused-project-in-new-cairo\/\" style=\"\" rel=\"noopener\">Mada<\/a> \u2014 is moving to institutionalize the service offerings across its 46 mn sqm land bank. With a target population of 1 mn residents across its projects, the club is a play to drive value for its existing residential plots while building out a portfolio of recurring-revenue service assets. \u201cThe project is a strategic step to develop the sports and social infrastructure in Mostakbal City,\u201d Midar MD and CEO Ayman El Koussy said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Turkey\u2019s AS Tekstil signed a USD 4.1 mn contract to establish a production facility in Qantara<\/p>\n","protected":false},"author":1,"featured_media":681797,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,271,72,76,131,883,7320,12453],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-681796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-central-bank-of-egypt","tag-enterpriseam","tag-financial-regulatory-authority","tag-manufacturing","tag-matouk-bassiouny-hennawy","tag-midar","tag-qantara-west-industrial-zone","wpautop","entry"],"acf":{"mongo_id":"5129b56d-7e60-4a6d-9963-79ddba7606ff","order":"8","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/1\/206.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s foreign reserves jump to USD 51.5 bn in December","related_issue":[681783],"teaser":"PLUS- Turkey\u2019s AS Tekstil signed a USD 4.1 mn contract to establish a production facility in Qantara"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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USD 100 mn in February","author":"enterpriseam admin","date":"7 March 2021","format":false,"excerpt":"The nation\u2019s foreign currency reserves rose nearly USD 100 mn in February, ending the month at USD 40.2 bn, according to central bank figures. Foreign reserves had increased USD 38.2 mn in January, after shooting up by almost USD 800 mn in December 2020 to their highest level since last\u2026","rel":"","context":"In &quot;SPEED ROUND: MACRO&quot;","block_context":{"text":"SPEED ROUND: MACRO","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-macro\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/416.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575951,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/04\/egypt-adds-usd-800-mn-to-foreign-reserves-in-october\/","url_meta":{"origin":681796,"position":1},"title":"Egypt adds USD 800 mn to foreign reserves in October","author":"enterpriseam admin","date":"4 November 2020","format":false,"excerpt":"Egypt adds USD 800 mn to foreign reserves in October: Egypt\u2019s foreign reserves grew for the fifth consecutive month in October, climbing to USD 39.22 bn from USD 38.43 bn in September, according to central bank figures released yesterday. Reserves fell by some USD 10 bn between March and May\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":695591,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/23\/egypts-investment-labor-ministries-roll-out-the-red-carpet-for-major-foreign-companies\/","url_meta":{"origin":681796,"position":2},"title":"Egypt\u2019s Investment, Labor Ministries roll out the red carpet for major foreign companies","author":"enterpriseam admin","date":"23 April 2026","format":false,"excerpt":"Plus: Another Turkish factory lands in Qantara West","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1629.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567771,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/fx-reserves-hold-the-line-in-november\/","url_meta":{"origin":681796,"position":3},"title":"FX reserves hold the line in November","author":"enterpriseam admin","date":"7 December 2020","format":false,"excerpt":"Egypt\u2019s foreign currency reserves were broadly stable in November, inching up a modest USD 1.8 mn to USD 39.2 bn, according to Central Bank of Egypt figures. October had seen the largest monthly increase in foreign currency reserves this year, with FX holdings shooting up by USD 800 mn. Foreign\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/114.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559056,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/06\/were-stocking-up-on-greenbacks\/","url_meta":{"origin":681796,"position":4},"title":"We\u2019re stocking up on greenbacks","author":"enterpriseam admin","date":"6 January 2021","format":false,"excerpt":"Foreign reserves reached their highest level since April last month, rising almostUSD 800 mn in December to top USD 40 bn, according to central bank figures released yesterday. This was the largest monthly increase in 2020.Foreign reserves came under serious pressure amid the sell-off in emerging markets earlier this year:\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598791,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/09\/egypts-foreign-reserves-inch-up-in-may\/","url_meta":{"origin":681796,"position":5},"title":"Egypt\u2019s foreign reserves inch up in May","author":"enterpriseam admin","date":"9 June 2019","format":false,"excerpt":"Foreign reserves inch up to USD 44.27 bn at end-May: Egypt added USD 112 mn to its reserves base in May to close the month at USD 44.274 bn compared to USD 44.218 bn at end-April, the central bank said. The central bank had made debt payment of USD 406\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/681796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=681796"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/681796\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/681783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/681797"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=681796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=681796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=681796"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=681796"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=681796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}