Decoding the Future of MENA Financial Markets

MENA Market Lab

Decoding the future of Middle East and North Africa Financial markets

Decoding the Future of MENA Financial Markets, MENA Market Lab

Denis Collot

Cross Asset Strategy

<ul><li>International reserves grew marginally in November to 50.215 bn $ from 50.071 bn $ in October. Since January, reserves have grown by 6.2 %.</li><li>The net foreign asset position of the banking sector at large continues to improve and is up 7.5 % in EGP terms to 1,070,957 trillion EGP and up 9 % in $ terms month-to-month.</li><li>The improvement is more pronounced for commercial banks, +10.5 % in EGP, foreign assets grew while liabilities stayed flat. Remittances, tourism, portfolio inflows all contributing. </li></ul>

International reserves grew marginally in November to 50.215 bn $ from 50.071 bn $ in October. Since January, reserves have grown by 6.2 %.The net foreign asset position of the banking sector at large continues to improve and is up 7.5 % in EGP terms to 1,070,957 trillion EGP and up 9 % in $ terms month-to-month.The improvement is more pronounced for commercial banks, +10.5 % in EGP, foreign assets grew while liabilities stayed flat. Remittances, tourism, portfolio inflows all contributing. 

Egypt (December 9th 2025)