Good morning, all. After a slower start to the week, the newsflow is back in full swing. Logistics leads today’s issue after AD Ports inked an agreement to set up an industrial and logistics zone in East Port Said. We also have news of what went down at the Egyptian-Moroccan Investment Forum and the latest net foreign assets figure.
PSA-
WEATHER- Cairo is in for another sunny day, with a high of 28°C and a low of 18°C, according to our favorite weather app.
It’s a little cooler in Alexandria, with a high of 26°C and a low of 16°C.
** DID YOU KNOW that we cover Saudi Arabia and the UAE?
** Were you forwarded this email? Tap or click here to get your own copy delivered every weekday before 7am Cairo time — without charge.
ICYMI- Missed this week’s Inside Industry? In our weekly vertical exploring all things industry and manufacturing, we looked at how the government and private sector are increasingly focusing on accreditation as a key tool to enter local markets and expand abroad. Check out the story here.
WATCH THIS SPACE-
The Finance Ministry is looking into extending its 12 May deadline for pre-2020 tax dispute requests by three months, a government source told EnterpriseAM. The extension request is currently under review by the ministry, which is looking to ensure that taxable entities receive the maximum amount of benefits from the government’s new tax facilities, the source said.
REMEMBER- The Finance Ministry is rolling out measures to make it more attractive for businesses to settle disputes dating to before 2020, including by paying a fixed percentage of taxes owed. Businesses will be able to make those payments in four installments over a 12-month period without paying late fees or additional interest charges. This comes as part of a larger push by the Finance Ministry to widen the tax base.
DATA POINT-
A record debt issuance target for 4Q FY 2024-25? The Central Bank of Egypt has plans to issue a record EGP 2.2 tn in t-bills and bonds during the fourth quarter of the current fiscal year, marking a 9.7% q-o-q increase, to help cover the budget deficit, Asharq Business reports. Around 88% of the issuances — roughly EGP 1.9 tn — will be short-term debt.
HAPPENING TOMORROW-
Can non-oil private sector activity bounce back? S&P Global will release Egypt’s PMI data for April tomorrow — the first such release since Trump's sweeping US tariff hikes. The country’s PMI slipped back intocontraction territory in March after two months of modest growth, dragged down by weakening demand and slower output. With Trump’s tariffs beginning to ripple through global markets, April’s data will shed light on how it all has impacted Egypt’s private sector.
Get Enterprise daily
The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.
CIRCLE YOUR CALENDAR-
Mark your calendars for the 2025 Pan Arab Junior and Ladies Golf Championship, taking place in Cairo between 7-10 May at Madinaty and Katameya Dunes. The tournament is open to players from members of the Arab Golf Federation across multiple age groups and includes a ladies’ category. The event will be open to spectators with a golf festival and other activities to draw in new audiences.
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-
It’s a quiet day in the global press, with no one story dominating the headlines.
A missile fired by Yemen’s Houthis landed near Israel’s main international airport, causing injuries and disrupting flights after defense systems failed to interrupt the attack. The group has ramped up its missile attacks recently in response to a blockade on Gaza that saw no food, fuel or medicine enter the enclave for more than 60 days.
PM Netanyahu vowed an extensive response to the Houthi attack, coinciding with wider plans by the military to call up thousands of reservists and “go deeper” into Gaza. Meanwhile, US President Trump said that Iran will be held responsible for any further attack by the militant group.
ALSO WORTH READING THIS MORNING-
- The New York Times explores how Warren Buffett changed the way investors think.
- The Financial Times reports Chinese exporters are shipping their goods via third countries to avoid US tariffs.
- Semafor unpacks the “Trump effect” bolstering incumbent parties in elections all over the world, from Canada to Australia to Singapore.

*** 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 look at plans to launch 12 new national universities across governorates in the 2025-2026 academic year, bringing the total number of national universities to 32.





