Good morning, friends. We close out 2024 with another packed issue busy with the latest on our automotive localization push, fresh incentives for industrial players, and a continuation of our recap of everything worth knowing from the past year.

** This is the last issue of EnterpriseAM Egypt for this year. We’re taking a publication break through Saturday to gear up for 2025 and we will be back in your inboxes at our usual time on Sunday, 5 January.

PSA-

Banks will be closed on Wednesday, 1 January, to mark the end of their fiscal year, and will return to work on Thursday, 2 January, the Central Bank of Egypt said in a statement yesterday.

WEATHER- It’s another cold day in Cairo, with a high of 17°C and a low of 11°C, according to our favorite weather app.

It’s just as cold in Alexandria, with a high of 17°C and a low of 10°C.

HAPPENING TODAY-

CBE to hold USD t-bill auction: The Central Bank of Egypt will auction off USD 800 mn worth of one-year, USD-denominated t-bills, with the submission deadline penciled in for 11am today.

CIRCLE YOUR CALENDAR-

The Egyptian Tax Authority will begin accepting tax filings for 2024 on 1 January 2025, Egyptian Tax Authority head Rasha Abdel Aal said in a statement. Individuals will have until 31 March to file, while companies have until 30 April or four months after their fiscal year ends. Filings must be submitted electronically through authority platforms.

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

THE BIG STORY ABROAD-

Jimmy Carter, the 39th US president and Nobel laureate, died at 100. Carter passed away at his home in Georgia on Sunday. Carter played a major role brokering the 1978 Camp David Accords, “His (Carter’s) significant role in achieving the peace agreement between Egypt and Israel will remain etched in the annals of history,” President Abdel Fattah El Sisi said in a post on X where he extended his condolences to Carter’s family. Following the peace agreement, Carter earned acclaim for his humanitarian efforts, winning a Nobel Peace Prize in 2002. (Reuters | CNN | BBC | Financial Times | Washington Post | New York Times)

*** It’s Blackboard day: We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed.

In today’s issue: We take a look at the hurdles — and opportunities — the education sector faced in 2024.

Tags: