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Monday, October 19, 2026English edition
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The Geopolitician

Country risk, from the local press

Egypt · Country watch

Fintech Expansion, Defence Council, Stock Selloff

Egypt approves fintech firms, supports Saudi Arabia amid tensions, and sees stock market selloff.

· · 6 sources

The picture Mixed

Business conditions in Egypt are mixed today. The approval of fintech firms expands financial services, while geopolitical tensions affect defence and finance sectors. The stock market selloff adds volatility.

In this briefing Islam Azzam · Financial Regulatory Authority · EGX30 · Amwal Al Ghad · Abdel Fattah el-Sisi · National Defence Council

Regulation

  • Finance
  • Technology

FRA Approves Six Fintech Firms for Non-Banking Services

The Financial Regulatory Authority (FRA), chaired by Islam Azzam, approved six companies to conduct non-banking financial activities using fintech, according to DailyNewsEgypt. This move is part of the FRA’s strategy to expand access to non-banking financial services and support digital transformation. The approved firms can now offer lending, investment, and other financial services using financial technology, Egyptian Streets reports.

Impact Fintech firms gain new opportunities to expand services, affecting the finance and technology sectors.

Sources: DailyNewsEgypt ↗, Egyptian Streets ↗

Disruption

Nothing significant reported today.

Internal tension

Nothing significant reported today.

Safety & health

Nothing significant reported today.

Companies

Nothing significant reported today.

Markets

  • Finance

Egyptian Stocks Fall as EGX30 Index Drops 2.63%

Egyptian stocks started the week with a significant decline, as the benchmark EGX30 index fell 2.63% to 50,896.19, its lowest daily level since July 1, reports Amwal Al Ghad. The selloff was driven by regional geopolitical tensions and heavy selling by foreign investors and financial institutions.

Impact Investors in Egyptian equities face losses as the stock market experiences a broad selloff.

Sources: Amwal Al Ghad ↗

Trade

Nothing significant reported today.

Politics

  • Defence

Egypt Pledges Support for Saudi Arabia's Security

Egypt's National Defence Council, chaired by President Abdel Fattah el-Sisi, pledged full support for Saudi Arabia's security and stability, according to Amwal Al Ghad. The council called for intensified diplomatic efforts to de-escalate regional tensions. The meeting, held at Ittihadiya Palace, addressed recent regional developments, Egyptian Streets reports.

Impact Defence contractors and diplomatic missions may see increased cooperation and activity between Egypt and Saudi Arabia.

Sources: Amwal Al Ghad ↗, Egyptian Streets ↗

Also today in Egypt

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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The same day elsewhere