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Egypt’s Non-Oil Private Sector Declines in March
Egypt’s non-oil private sector declined in March after recording “positive performance” in the first two months of 2025. |
Details
This drop pushed the index below the 50-point threshold, which separates growth from contraction.
The decline was driven by a decrease in new orders, both domestically and internationally.
As a result, businesses reduced production, purchases, and employment levels.
Despite the contraction, it was moderate and less severe than in previous periods.
On the other hand, input costs rose at their slowest pace in nearly five years, partly due to the stability of the Egyptian pound against the U.S. dollar.
Improvement
He added that the slowdown in the increase of input costs suggests the potential for further declines in the future.
Uncertainty
This comes as U.S. President Donald Trump announced on Wednesday the imposition of global counter-tariffs, escalating the trade war upon his return to the White House.
Egypt will be among the countries subject to these tariffs, at a rate of 10%.
It is worth noting that Egyptian exports to the U.S. exceeded $2 billion last year, including $1.2 billion in apparel.
Meanwhile, imports surpassed $7 billion, with over $3 billion in fuel and mineral oils. |
Gadwa’s Profits Reach EGP 1.6 Billion Last Year
Gadwa for Industrial Development’s (GDWA) net profits reached EGP 1.6 billion last year, up 11% YoY. |
Success
– Sales exceeded EGP 19 billion in 2024, marking a 56% increase.
– Earnings per share (EPS) rose to EGP 1.09, compared to EGP 0.95 in 2023.
Board Decisions
– Write-off of 21.76 million treasury shares held for over three months, as the board believes reselling them on the market would lower the share price.
– Reduction of issued and paid-up capital from EGP 2.004 billion to EGP 1.96 billion through treasury share write-offs.
– Increase issued capital by 45.19 million shares, allocated to the employee incentive and reward plan.
– Proposal to retain shareholders’ portion of annual profits for future reinvestment.
An Investment Giant
Gadwa is a leading company in industrial development and investment.
It was established following the 2021 split of Pioneers Holding into three companies.
It includes under its umbrella several major publicly listed companies on the Egyptian Exchange:
– Electro Cable Egypt (ELEC)
– Arab Dairy – Panda (ADPC)
– Universal-UniPacK Company (UNIP) |
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