Nummulites fayumensis n. sp. and Nummulites tenuissimus n. sp. are described from the Munqar El-Rayan Section, Fayum, Egypt. Nummulites tenuissimus belongs to the N. partschi group, while N. fayumensis belongs to the N. gizehensis group, based on diameter and protoconch sizes, septal shape and granulations. Both new species are of Lutetian age, assigned to SBZ14/15, and encountered in shallow-marine facies. Wadi El-Rayan is an important site for vertebrate fossils in Egypt and the abundant larger benthic foraminiferal assemblage provides insight into paleoenvironmental parameters associated with the deposition of Eocene-age rock units of the Munqar El-Rayan Section.