Good afternoon, friends. Welcome to the start of a fresh new workweek. We’re in for warmer days, but here’s hoping for a cool news cycle.

THE BIG STORY TODAY-

📍 The government is moving ahead with plans to list the Gabal El Zeit wind farm on the EGX before year-end, likely by November or December, two government sources told EnterpriseAM. Procedures are already in motion to float 30-40% of the company in a sale that could raise between USD 300-400 mn, we were told.

But the government is still open to offers from a strategic investor — assuming they can meet the new valuation. A previous acquisition bid for the station by UK-based private equity giant Actis fell apart last year after the government pushed to increase the value of the sale from USD 300 mn to USD 350-400 mn. The government is now looking to raise roughly USD 600-800 mn from a majority stake to a strategic investor.

GCC and British investors are said to be circling the Red Sea wind farm, which would mark one of the few major listings under the government’s revived privatization drive as it seeks to draw foreign capital, the sources said.

THE BIG STORY ABROAD-

🌐 All eyes are back on Gaza following reports that the Israeli military has launched a new attack on the enclave. The aerial attack in Rafah comes as Israel accuses Hamas of violating the ceasefire agreement, allegedly carrying out multiple attacks against the occupying force beyond the yellow line. Israel has violated the terms of the ceasefire 47 times since it came into effect, killing 38 Palestinians, including 11 members of a single family, according to Gaza’s media office. These figures were last updated on Friday.

Attacks are also being reported throughout the strip, including the northern city of Jabalia. “Hamas movement reaffirms its commitment to the ceasefire agreement and emphasises that the Zionist occupation is the party continuing to violate the agreement and fabricate baseless pretexts to justify its crimes,” senior Hamas official Izzat Al Risheq said. Neither Israel nor Hamas have made any direct mention of today’s reported attacks in their statements. (Reuters | Guardian | Sky News | Financial Times | France 24 | Independent)

ICYMI- The US claimed earlier that it possesses “credible reports” that indicate an alleged plan by Hamas to carry out attacks against civilians in Gaza. “This planned attack against Palestinian civilians would constitute a direct and grave violation of the ceasefire agreement and undermine the significant progress achieved through mediation efforts,” a US Department of State statement published on Saturday reads. Hamas has since rejected the allegations, and accused Israel of funding and empowering gangs inside Gaza to cause disruption. (BBC | ABC | Reuters)

OVER IN THE US- All major media outlets are still covering the nation-wide No Kings protests against US President Donald Trump’s policies. Nearly 7 mn protestors took part in protests across major US cities coast to coast, including New York, Washington DC, Miami, and Los Angeles. (Washington Post | BBC | CNN | Guardian)

ALSO- The Louvre museum in Paris has been closed for the day after a robbery took place earlier this morning at the world’s most-visited museum. While details are scarce as investigation is still underway, French media reports that nine items of jewelry from the Apollo Gallery — where France’s crown jewels are kept — were stolen. (BBC | New York Times | CNN | France 24)

enterprise

*** It’s Inside Industry day — your weekly Sunday briefing of all things industrial in Egypt. Inside Industry explores what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning through to product distribution, land allocation, industrial processes, supply chain management, labor, automation and technology, inputs and exports, and regulation and policy.

In today’s issue: We’re taking a look at Egypt’s rapidly growing cement industry.

☀️ TOMORROW’S WEATHER- Temperatures in the capital are on the rise once more, with the mercury set to peak at 32°C before cooling down to 17°C, according to our favorite weather app.

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