Good afternoon, friends. We have a brisk issue for you today, but there’s plenty to get into. The government is going all-in on exports, with subsidy allocations set to rise to EGP 50 bn in the next budget. We’ve also got markets in flux as the greenback slides and gold breaks USD 5.1k, plus a deep dive into how Trink Global is carving out a niche in personalized group travel.

THE BIG STORY TODAY-

📍FinMin ramps up export subsidies in new budget: The Finance Ministry plans to boost export subsidy allocations to over EGP 50 bn in the FY 2026-2027 budget — up from EGP 45 bn this year — to support a 15% annual growth target of achieving USD 75 bn in total exports by year-end, a senior government official tells us. While the subsidy formula remains unchanged through FY 2027-2028, the increased funding will specifically target industrial localization in the automotive and mobile phone sectors, alongside import substitution initiatives, the source tells us.

^^ Read the full story and more details in tomorrow’s edition of EnterpriseAM.

THE BIG STORY ABROAD-

🌐 The USD is tumbling this afternoon as we dispatch, plunging 0.6% against major currencies and reaching a four-month low. The sell-off has been sparked by US President Donald Trump’s tariff threats over the week, the ongoing crisis in Venezuela, and persistent geopolitical tensions. Gold prices have been driven to an all-time high in a safe-haven surge, surpassing USD 5.1k an ounce.

^^ The story is grabbing widespread headlines in Financial Times, CNBC, Bloomberg, and Reuters.

** CATCH UP QUICK on the top stories from today’s EnterpriseAM:

  • The Madbouly government is weighing new customs incentives for Egyptians abroad to ease backlash against its crackdown on mobile phone exemptions — but rolling back the policy itself is off the table;
  • The European Bank for Reconstruction and Development has signed an EGP 1.3 bn financing agreement with Ibnsina Pharma. The facility will back a major green logistics expansion by Ibnsina and reinforce the growing role of development finance in sustaining capex as elevated local borrowing costs persist;
  • The Finance Ministry plans to issue zero-coupon bonds in early February for the first time in nearly two years. The move comes as the ministry seeks to capitalize on Egypt’s improved credit rating and a broader strategy to diversify debt instruments and reduce debt-servicing burdens.

☁️ TOMORROW’S WEATHER- We’re in for another cool day in Cairo tomorrow, with the mercury set to peak at just 21°C before further cooling down to 13°C, according to our favorite weather app.

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