Gov’t to drop 5% phone fee for zone factories in exchange for new investment
EGX30 sheds 4.43% | The path to convertible EGP | October’s PMI stalls
Thursday, 5 November 2026
Dialling in
The government is scrapping the 5% development fee on phones sold domestically by manufacturers in economic and private investment zones. Officials say trading this revenue for local assembly investment will directly boost domestic manufacturing.

Today at a Glance
Making It
Investment Watch
M&A Watch
Explore EnterpriseAM for your industry
A close look at key activities driving headlines across industries
Privatization Watch
The House authorizes El Sisi to take “whatever measures are needed” to support Saudi Arabia
Good morning, friends. It’s been a rough few days on…
Banque du Caire opens its IPO books at EGP 4.82-5.30 a share, with room to grow to 45%
The state-owned lender could raise up to EGP 36.4 bn, making it the biggest test in years of foreign appetite for Egyptian…
Newsmakers
TAQA Arabia wants half its revenues from outside Egypt within five years, CEO Pakinam Kafafi says
Part two of our conversation with TAQA Arabia CEO Pakinam Kafafi
My Morning Routine
EGX bags two AFCM awards for 2025 trading activity
The bourse was recognized for having the highest average daily traded value and trading volume among Arab exchanges…
Spotlight
Regulation
Legislation Watch
Parliament moves to shield healthcare and research from nuclear fee hikes
Amendments create a clearer distinction between commercial nuclear ventures and…
Regulation Watch
FRA issues model short-selling contract, with launch weeks away
Contract wording is settled; the launch now waits on the…
Cabinet Watch
Garghoub is now a Special Economic Zone — here is what that means for investors
Plus: A major overhaul at GOEIC to slash customs times
Ittihadiya
Sisi inaugurates Octagon, unveils comprehensive economic program
El Sisi gave us a glimpse into Egypt’s post-IMF future
Startup Watch
Tactful AI targets USD 5-10 mn Series A after USD 1 mn pre-Series A
The Cairo- and Cambridge-based CX startup says Dstny’s R&D spending left it with a product that can compete with global incumbents
Meet our Founder of the Month: Olimi AI’s Shaden El Olimi
🤖 OUR FOUNDER OF THE MONTH — Every month, Founder of the Month looks…
Meet Egyptian 3D concrete printing company Layn’s Zeyad Zein
🏗️ OUR FOUNDER OF THE MONTH — Every month, Founder of the Month looks…
Industries
Banking
Mabany Edris taps NBE for EGP 975 mn to speed up Koun construction in Ras El Hekma
PLUS: EGX suspends Digitize a day after giving it two…
Finance
JPMorgan and HSBC want to arrange the risk transfers that let development banks lend more
JPMorgan and HSBC are pitching development banks on securitizations that…
Capital Markets
EGX30 sheds 4.43% in October to post its first back-to-back monthly loss of 2026
The benchmark fell 4.43% and the small caps twice as…
Fintech
How Balad connects global remittances to home
The Cairo-based fintech provides the infrastructure connecting international remittance companies…
Automotive
Nearly 19k EVs on Egypt’s roads, and for city drivers the switch is getting easier to justify
Running costs are a fraction of those for petrol, but…
Commodities
Wheat dodged Hormuz, but summer crops face the input crunch
Analysts agree this season’s wheat is secure, but differ on…
Tech
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Energy
Egypt is set to export its first LNG cargo in months from Idku while lining up 10 import cargoes for November
The cargo, a winter window for Idku’s foreign partners, could…
Infrastructure
Egypt’s emergency oil storage faces USD 2.5 bn funding gap
A funding shortfall exposes the limits of Egypt’s energy safety…
Manufacturing
Egypt is building the transition's equipment from the outside in
Egypt is climbing the manufacturing ladder — wafers, cells, battery…
Mining
Gov’t and World Bank commit to raise minerals’ contribution to GDP to 6% by 2030 and mineral exports to USD 9.8 bn by 2040
Plus: The state clears PPP tenders for two large desalination…
Thursday, 5 November 2026
Good afternoon, ladies and gentlemen,
and congratulations on making it to the weekend. Today, we catch up on the latest from the tech world and look at why October has been named “Black October” and whether Om El Donia escaped it. Not quite, as it turns out.
Elsewhere this afternoon, we may be a little late to the party, but we tune into Apple TV’s Widow’s Bay and make the case for it as your weekend binge-watch. We also break down last night’s football results and list the domestic and European fixtures we’re watching this weekend. That and more.

Today at a Glance
Friday, 30 October 2026
Good morning, folks, and happy weekend.
It’s been a packed week at home and abroad, and we run through the headlines that shaped it below.
Also today, we spotlight Nesma Amin, founder of Aziza and our Founder of the Month. The Egyptian femtech startup is an Arabic-language, offline-first period-tracking app that needs only a phone number to register, and Amin puts the broader MENA femtech window at USD 3.8 bn by 2030.
On the reviews front, we catch Sense and Sensibility at the movies, visit a food joint that treats fries as the main event instead of a “Side Piece,” blow off some steam with Resident Evil 7, and more.

