Good afternoon, ladies and gentlemen, and congratulations on making it to the weekend. It’s been a slow week in the press, and this afternoon is no exception. In today’s issue, we break down the Ramadan season’s commercials and take a look at one of the month’s most polarizing series.

So, when do we eat? Maghrib prayers are at 5:52pm in the capital, and you’ll have until 4:57am tomorrow to hydrate and caffeinate ahead of fajr.

THE BIG STORY TODAY-

📍 The government is mulling the transfer of several major state-owned companies to the Sovereign Fund of Egypt (TSFE), a government source told EnterpriseAM. The move is part of a broader strategy to restructure state-owned companies to boost returns.

Who is involved? The firms include Egypt Aluminum, Mopco (Misr Fertilizers Production Company), Abu Qir Fertilizers, CID Pharmaceuticals, Misr Fertilizers, Zahraa Maadi for Investment and Development, and Heliopolis Housing.

The plan: The source revealed that transferring the firms to the fund would attract higher-value partnerships compared to separate offers for the companies themselves. By centralizing these firms under TSFE, the state aims to secure 50% of their annual revenues, generating up to EGP 20 bn starting with the new budget. These funds would be directed toward reducing public debt and lowering interest payments.

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

THE BIG STORY ABROAD-

🌐 Nvidia’s latest earnings report is still making headlines as investor reactions prove lukewarm in the face of better-than-expected results. Despite posting record quarterly revenue of USD 68.1 bn for October-December 2025, the company’s shares finished up only 0.2% higher in extended trading. Investors have been used to solid revenue beats from the company over the last five years, and positive results weren’t enough to push the stock higher or calm fears around the current AI infrastructure boom. The concern lies in how Nvidia can maintain its growth momentum while spending is flowing into AI-related capex.

^^Read more on CNBC, Bloomberg, Reuters, the Financial Times, and the Guardian.

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

  • The IMF Executive Board completed its fifth and sixth reviews of our USD 8 bn Extended Fund Facility (EFF) as well as its first review of our Resilience and Sustainability Facility (RSF), allowing for the immediate disbursement of some USD 2.3 bn — USD 2 bn from the EFF and USD 273 mn from the RSF;
  • Egypt is eyeing a return to the EUR-denominated bond market for the first time in years, with the Finance Ministry weighing a EUR 1 bn issuance in 2Q 2026;
  • Companies that invest in strategic industries, including automotive, appliances and engineering, food, and chemicals, will get a large markdown on their taxes spread over seven years.

☀️ TOMORROW’S WEATHER- Stay warm and — if you can — stay indoors. We’re in for cool, windy weather in the capital tomorrow, with a high of just 20°C and a low of 9°C, according to our favorite weather app.

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