Cairo: Egypt's foreign exchange reserves have risen to $50.071 billion by the end of October, marking an increase from $49.533 billion at the close of September 2025. This growth represents an improvement of $538 million.
According to State Information Service Egypt, the Central Bank of Egypt (CBE) disclosed a 0.6% rise in net international reserves during September 2025, climbing to $49.534 billion from $49.251 billion in August. The country's reserve portfolio is diversified, comprising major global currencies such as the US dollar, euro, British pound, Japanese yen, and Chinese yuan. This diversity plays a crucial role in ensuring the availability of essential imports, fulfilling external debt obligations, and providing a financial buffer against global market volatility.
In parallel economic developments, the New Urban Communities Authority (NUCA) is nearing the completion of a revenue-sharing partnership with Qatari Diar. This partnership aims to develop a substantial integrated urban project in the Alam El-Rum area along the Mediterranean coast, estimated to have a total development value of $29 billion.