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RIYADH: Egypt’s prime minister has instructed his government to prepare a package of investment opportunities for US firms, aiming to strengthen bilateral relations.

In a meeting with his Cabinet ministers, Mostafa Madbouly stated that several opportunities are available, particularly given the significant advantages offered by the country’s government to foreign investors, according to Egypt’s State Information Service. 

Egypt is intensifying efforts to attract foreign direct investment as part of its broader economic reform agenda and Vision 2030 strategy for sustainable development. 

Amid global headwinds and domestic economic challenges, the Egyptian government has launched several initiatives to deepen economic partnerships with major international players, notably the US.

One key milestone in this effort was the US–Egypt Policy Leaders Forum 2025, held in May, at which Madbouly announced that over 1,800 US companies are currently operating in the country, generating $47 billion in investments over the past two decades.

Discussing the latest Cabinet meeting, the Egyptian State Information Service reported that Madbouly “highlighted the government’s interest in supporting Egyptian-US relations in light of the strategic and historical ties between the two sides, noting the many opportunities for cooperation that could be exploited to support joint collaboration.”

The Egyptian prime minister added that his government is keen to remove all obstacles to joint cooperation, as well as to propose specific projects that will be discussed for collaboration in the upcoming period. 

During the gathering, Egypt’s Minister of Industry and Transport, Kamel Al-Wazir, reviewed investment opportunities presented to US companies in sectors such as ports, maritime transport, and industrial zones. 

Minister of Planning, Economic Development, and International Cooperation Rania El-Mashat outlined Egypt’s development cooperation efforts with the US, highlighting successful collaborative programs that contribute to the country’s development and further strengthen relations between the two sides.

At the conclusion of the meeting, Madbouly instructed all relevant authorities to coordinate on preparing a set of promising investment opportunities and to ensure they are presented to US companies, to boost foreign direct investment in Egypt.

Egypt, Germany in talks for €100m debt swap deal

In another major development, Al-Mashat announced that the country is in talks with Germany over a new debt swap agreement worth €100 million ($116.48 million), to be disbursed in two tranches. 

The first tranche is expected in December 2025 and the second in June 2026, according to the north African country’s State Information Service.

“These negotiations reflect the strength of Egyptian-German development cooperation and shared priorities in supporting sustainable development projects,” said Al-Mashat. 

According to Egypt’s Ministry of International Cooperation, the total value of debt swaps between Egypt and Germany would reach €340 million with this new agreement.

RIYADH: ������Ƶ’s Tadawul All Share Index slipped on Sunday, losing 42.27 points, or 0.38 percent, to close at 10,964.71.

The total trading turnover of the benchmark index was SR3.2 billion ($856 million), as 65 of the stocks advanced and 182 retreated. 

The Kingdom’s parallel market Nomu lost 132.37 points, or 0.48 percent, to close at 27,162.60. This comes as 27 of the listed stocks advanced while 51 retreated. 

The MSCI Tadawul Index lost 5.85 points, or 0.41 percent, to close at 1,405.02. 

The best-performing stock of the day was Tourism Enterprise Co., whose share price rose 9.2 percent to SR0.95. 

Other top performers included National Metal Manufacturing and Casting Co., whose share price rose 9.03 percent to SR16.91 , and Arab Sea Information System Co., whose share price increased 6.27 percent to SR5.59.

Fawaz Abdulaziz Alhokair Co., or Cenomi Retail, recorded the most significant drop, falling 9.95 percent to SR29.70.

SHL Finance Co. also saw its stock price fall 6.99 percent to SR21.70.

Alandalus Property Co. witnessed a decline of 6.31 percent to SR19.90.

On the announcements front, Aldrees Petroleum and Transport Services Co. disclosed its interim financial results for the period ending on June 30. 

According to a Tadawul statement, the firm recorded a net profit of SR99.7 million during the second quarter of the year, reflecting a 20.98 percent increase compared to the same period a year earlier.

The climb is mainly attributed to higher sales in the petrol and transport divisions, along with increased income from deposits, sukuk, and other sources, despite a decline in returns from the joint venture investment.

Marketing, selling, general, and administrative financing costs, along with Zakat expenses, have all risen. The total comprehensive income for the current quarter increased compared to the same quarter last year, primarily due to the remeasurement of employee-defined benefit obligations.

Aldrees Petroleum and Transport Services Co. ended the session at SR129.20, down 0.78 percent.

Cenomi Retail announced that it has been notified by a number of its substantial shareholders regarding the signing of a share purchase agreement with Al Futtaim Retail Co. for the sale of part of their stake in Cenomi Retail to Al Futtaim. 

According to a bourse filing, under the terms of the deal, the selling shareholders will transfer 57.3 million shares, representing 49.95 percent of the company’s total share capital, to Al Futtaim in a private transaction valued at SR2.52 billion, with each share priced at SR44.

Saudi Exchange has also announced the listing of Sport Clubs Co. shares on the main market on July 22.