Listen to the first episode of EnterpriseAM’s Morning Drive

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Catch the first episode of EnterpriseAM’s Morning Drive

Good morning, all. It is a very exciting morning here at EnterpriseAM HQ with the first episode of Morning Drive dropping.

What to expect? Think of it as your daily 10-minute audio download of the essential business headlines shaping Egypt hosted by ‘Synthetic Salma’ — an AI-powered version of our Executive Editor Salma El-Saeed.

Where to get it? You can find the daily drops of the podcast here and on your favorite podcast app.

IN TODAY’S ISSUE- We lead today’s issue with two scoops — the Madbouly government has completed its census of state-owned firms, giving us reason to believe that the fourth wave of privatization is closer than we think, and an IMF mission will be heading our way early October to wrap up the fifth and sixth reviews of our USD 8 bn loan program.

PSA-

WEATHER- It’s another warm day in Cairo, with a high of 36°C and a low of 24°C, according to our favorite weather app. The days will gradually get cooler as the week goes by.

It’s a little cooler in Alexandria, which will see a high of 32°C and a low of 23°C.

WATCH THIS SPACE-

The FY 25-26 budget made simple: The Finance Ministry has released its citizen budget for the fiscal year 2025-2026 — an initiative first rolled out in 2013 to give the public a simplified look at state finances and encourage wider participation in policy-making, according to a statement (pdf). You can check out the citizen budget (pdf) for the year for yourself on the Finance Ministry’s website.

What does the FY 25-26 budget look like? You can read our full rundown of the FY 2025-2026 budget here.

MARKET WATCH-

Orascom Construction made a strong debut on the Abu Dhabi Securities Exchange (ADX) on Thursday, with its shares closing 26.4% higher at AED 38.10, up from a listing price of AED 30.15. The company saw nearly 34k shares change hands, reflecting robust investor appetite. EFG Hermes served as Orascom’s listing and financial advisor.

Orascom is the first Egyptian contractor to pursue dual-listing in both Abu Dhabi and Cairo, a move that underscores the ADX’s growing appeal as a regional financial hub. For the contractor, the shift away from Nasdaq Dubai opens access to deeper institutional flows, while for other Egyptian corporates it could set a precedent on where to anchor secondary listings.

What they said: “We are pleased to begin trading on ADX today. We are already an active player across construction and infrastructure investments in Abu Dhabi, and we look forward to bringing our unique track record of delivering major projects and investments across our global markets to both new and existing shareholders,” CEO Osama Bishai said in a statement (pdf).

** 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.

THE BIG STORY ABROAD-

Days after Israel’s strike in Doha strained relations with a key Gulf ally, President Donald Trump on Friday met Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani in New York for a private dinner aimed at shoring up relations. The White House confirmed the closed-door dinner, which was also attended by Trump’s Middle East envoy Steve Witkoff, but released no details of what was discussed. Almost nothing else has emerged about what went on behind closed doors. (Bloomberg | Reuters | Axios | New York Times)

ON WALL STREET- The US IPO market just had its busiest week since late 2021, with seven large-cap listings — including Klarna, the Winklevoss twins’ crypto exchange Gemini and Blackstone-backed engineering group Legence — raising over USD 4 bn. Bankers say it’s the strongest signal yet that the long-frozen listings market is thawing after “very dry years” following Trump’s April tariffs. “In addition to the relative stability requisite for a healthy IPO market, the pent-up demand … was real and almost aching,” said Marc Jaffe, managing partner at Latham & Watkins, which counseled on four of last week’s big offerings.

Investor appetite was back: Figure Technology Solutions surged 28% on debut, Black Rock Coffee Bar jumped 38%, and Via, Legence, and LB Pharma also posted gains. Klarna, which raised more than USD 1 bn, slipped back toward its USD 40 offer price on Friday after a 15% first-day pop, while Gemini raised USD 425 mn at a USD 3.5 bn valuation and at one point soared 64%. “We had three years that were very dry … so in that context, it’s really significant now that this year has seen many companies come public and be well received,” said Atomico’s Niklas Zennström. (Financial Times | Bloomberg | Reuters)

As the Sahel summer winds down, the Red Sea is just getting started. Say hello to Somabay, a year-round seaside escape where tranquil waters, world-class diving, kitesurfing, golf, and wellness come together in one breathtaking destination. This September, it also hosts the ITF World Tennis Tour, bringing world-class tennis to the coast. Somabay is the perfect next stop, a place where the season never ends, and every day feels like the first day of summer.

EXCLUSIVE- Egypt census of state-owned firms sets stage for privatization + IPO wave

EXCLUSIVE- The government completed a census of state-owned companies, which market watchers consider to be one of the most important steps yet in the state’s privatization program and a move that will shape the pipeline of IPOs that is said to hit the EGX in the coming weeks or so.

Investors like clarity and transparency (no guesswork), and that’s what the government is trying to give them. Think of the census as more than a headcount. It’s a signal to the market. The state is putting its cards on the table. And after years of mixed signals, this is exactly the kind of groundwork that can turn talk of privatization into real IPOs.

A government document seen by EnterpriseAM shows that as of the end of August, the state owned 561 companies across 45 government entities. The census, which has not yet been made public, will anchor the updated State Ownership Policy Document and guide decisions on which companies will be offered to investors as minority stake sales and IPOs.

Why it matters: The census comes just as the government is putting the finishing touches on a package of tax and regulatory incentives designed to boost liquidity in the EGX ahead of the next round of listings. Measures under discussion include a full tax exemption on IPO proceeds, broader exemptions for investment funds, and clearer rules on stamp duty for residents and non-residents. The package — expected to be finalized by month’s end — would amend the Investment Law, the Income Tax Law, and Law 30/2023.

The IPO pipeline is building: Banque du Caire and military-owned Safi and Wataneya are expected to be among the first to list before the end of 1Q FY 2025-2026, likely ahead of the IMF’s fifth and sixth program reviews in October. Food manufacturer Silo Foods, fuel retailer Chill Out, and the National Roads Company could follow before year-end or in 1Q 2026, depending on market conditions. All five are currently being restructured in preparation for listing.

What the census shows:

The state holds 75% or more in 257 companies, 50-75% in 41 firms, and about 25% in 69 companies;
Some 364 companies are profitable, compared with 78 loss-makers and 14 that broke even;
Another 105 companies are still completing financials. Profitable firms are concentrated in those with authorized capital of EGP 500 mn or more;
Manufacturing dominates with 175 companies, followed by administrative and support services (77), transport and storage (50), financial services and ins. (49), real estate (48), and wholesale and retail (42);
Who holds what: The Public Enterprises Ministry tops the list with 146 companies (110 profitable). The Planning Ministry’s National Investment Bank controls 85, while the housing and supply ministries each have 44. The Transport Ministry has 41, Civil Aviation Ministry 39, Oil Ministry 37, Finance Ministry 31, and Electricity Ministry 25. The ICT Ministry holds just seven.

The bigger picture: With the census complete, the government is moving from planning to execution. The updated program is set to focus on minority stake sales via the EGX, with offerings of 10-40% in selected firms, and only a limited number of strategic transactions. Officials are targeting around USD 3 bn in proceeds this fiscal year, down from an earlier USD 5-6 bn target, as they work to deepen the local capital market, attract fresh flows into equities, and signal seriousness to international partners, including the IMF.

IMF mission to prioritize subsidies, privatization in October talks

The IMF will send a mission on 1 October to wrap up its fifth and sixth reviews of our USD 8 bn Extended Fund Facility Arrangement, a senior government official told EnterpriseAM late last week. Less definite on the mission’s arrival date was IMF Communications Director Julie Kozack, who said in a press briefing Thursday that the completion of the reviews and preceding visit from the IMF mission would happen this fall — so anytime until the end of November.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

“Now is the time for Egypt to carry out deeper reforms to really unlock the country’s growth potential,” Kozack said. The country needs to do this “[to] create high quality jobs for the growing population and to sustainably reduce the vulnerabilities that Egypt has and also to increase the country's resilience to shocks,” she argued.

Progress on the privatization front is one of the fund’s most important demands, a source close to discussions between the IMF and Egypt told EnterpriseAM. For the IMF, privatizing state assets doesn’t just create FX inflows; it also works toward expanding private sector activity in the economy, we were told.

We are expecting some progress on the privatization front, now that the government has completed its census of state-owned companies setting the stage for the fourth wave of privatization. We have more on the census in the news well, above.

Phasing out fuel subsidies also features high on the IMF’s list of demands, and now is a better time than any to make progress on this, our source told us. Stable oil prices, a weakening USD, falling interest rates, and easing inflation open the door for the country to more easily close the gap between the cost and selling prices of fuel at Egyptian pumps. The country’s fuel pricing committee will meet later this month to decide on whether to increase fuel prices.

Egypt introduces safeguard tariffs on imported steel products

A slate of safeguard tariffs on imported steel products goes into effect today, under a 200-day protection measure announced by the Investment Ministry and published in the Official Gazette. The tariffs include 16.2% of CIF value on steel billets, 11.1% on cold-rolled steel, 13.6% on hot-rolled steel, 12.6% on galvanized steel sheets, and 4.9% on colored steel sheets.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

Not all imports are affected: The ministry carved out full exemptions for several niche steel imports, including cold-rolled sheets for double-sided enamel coating, sheets with anti-bacterial protective layers, galvanized sheets with 200-micron-plus Plastisol coatings, and colored sheets with zinc-aluminum mixture bases.

The rationale: The decision is meant to protect local industry and encourage domestic production at a time when both Egyptian and foreign players are planning new steel investments in Egypt, a government source told EnterpriseAM.

We knew this was coming: The Madbouly government had been mulling protective measures for months, with a government official telling EnterpriseAM in May that the influx of cheap imports was undercutting local producers.

Imports have squeezed FX reserves and undermined local production: Egypt imports around 1 mn tons of the steel products annually, which has contributed to a rise in USD outflows and slowed progress on import substitution, the source said.

But not everyone is happy about it — especially local manufacturers: Industry groups warn the new tariffs will raise input costs across sectors that rely on steel imports for production. Mohamed El Mohandes, head of the Chamber of engineering industries division at the Chambers of Commerce, told EnterpriseAM that prices for key inputs such as steel sheets are expected to rise. The chamber is organizing a meeting of affected companies to draft a memo to the Prime Minister and Industry Minister to request a reversal of the decision.

Iron prices are already climbing: Ayman El Ashry, chairman of Ashry Steel, told us that billet is already in short supply and the duties could drive further price hikes. His company is among several bidding for one of eight new billet manufacturing licenses aimed at easing the supply-demand gap and reducing reliance on imports.

Construction players are sounding the alarm: Steelmakers have already hiked prices by EGP 2.1k per ton, a source from the building materials sector told EnterpriseAM. This comes after a long period of price stability.

Home appliances could see price hikes: Hassan Mabrouk, head of the Federation of Egyptian Industries’ Home Appliances Division, told EnterpriseAM the tariffs will impact the prices of most electrical devices, including refrigerators and washing machines, pushing them up 5-6%. The move contradicts government directives for home appliance providers to reduce their prices.

Some steel types simply aren’t produced here: Mabrouk stressed that several types of sheet metal used in manufacturing are not produced locally, leaving manufacturers with no option but to continue importing and absorb the higher cost. Local production only covers 30% of demand, with most of it going to export markets, he added.

The broader market context makes things even trickier: Egyptian producers are still adjusting to fallout from EU and US steel tariffs, which have squeezed exporters. Mohamed Hanafy, head of the Chamber of Metallurgical Industries, said 26 Egyptian iron factories are currently short on billet. Authorities hope the new steel billet production licenses will help fill that gap and unlock investment.

Auto components players say output could drop: Aly Tawfik, head of Auto Feeder Association, warned that the new measures will hurt auto feeder industries, raising costs and reducing production capacity, especially if they are prolonged. While tariffs on finished steel products can be justified, he said, duties on raw materials hurt downstream industry.

REMEMBER- Earlier this year, the US imposed a blanket 25% tariff on all steel imports — including those from Egypt — while the EU introduced a temporary 15.6% anti-dumping duty on Egyptian hot-rolled coils. These measures made it harder for Egyptian firms to compete abroad and contributed to a sharp drop in exports to key markets including the US, Italy, and Spain, with industry figures warning of lasting economic fallout.

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Egytrans wraps up Nosco acquisition

Egytrans completed its acquisition of 99.9% of the National Transport and Overseas Services Company (Nosco), marking the first reverse merger on the Egyptian Stock Exchange through a share swap, the local logistics leader said in a statement (pdf) on Thursday. Egytrans’ takeover of the trucking firm had been in the works since at least March 2023 but was pushed back at least twice due to delayed legal procedures.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

The details: The acquisition was conducted through a swap of one Egytrans share for 0.0447 shares of Nosco, which resulted in an increase of Egytrans's total capital to approximately EGP 224.9 mn. The final ownership structure of the merged entity is 70.2% for Egytrans shareholders and 29.8% for Nosco shareholders, according to the fair value determined by independent financial advisor Archer Financial Consulting.

Egytrans’ Abir Leheta will be CEO of shared services for the merged entity, while Nosco’s Mohamed Nadim will be CEO for commercial affairs and operations. Maged Shawky will continue as chairman.

What they said: “Nosco brings long-standing expertise in project logistics and land transport, which complements Egytrans’ diversified platform — enabling new solutions and services within Egypt and beyond and supporting growth rates above market averages,” said Leheta.

ADVISORS- Catalyst Partners acted as the investment bank and financial advisor for the transaction. Zaki Hashem & Partners provided counsel for the transaction, while Al Tamimi & Company provided counsel on Egyptian Competition Authority requirements. Beltone Securities Brokerage executed the transaction.

El Sisi warns that the displacements of Gazans could mean more illegal migration to Europe

El Sisi warns about the wider impact of displacement: President Abdel Fattah El Sisi warned that the forced displacements of Palestinians could result in “unprecedented waves of displacement and illegal migration to Europe” during a phone call with UK Prime Minister Keir Starmer. El Hekaya’s Amr Adib praised El Sisi’s remarks calling them “wise and clever… he’s telling the world we’re all in the same boat,” (watch, runtime: 11:00).

ALSO RECEIVING AIRTIME was the aftermath of Israel’s strike on Qatar. Ala Masouleety’s Ahmed Moussa previewed tomorrow’s emergency joint Arab-Islamic summit in response to the Israeli strike in Doha (watch, runtime: 9:25 | 6:32).

Egyptian steel magnate Ahmed Ezz calls for rethinking incoming EU steel tariffs in letter to Financial Times

Blaming cheap imports for the struggles of the European steel industry “oversimplifies the problem and risks unfairly penalising responsible, compliant producers such as Ezz Steel,” Ezz Steel Chairman Ahmed Ezz wrote in a letter to the Financial Times published late last week. The incoming blanket tariffs taking effect on 7 October “fail to distinguish between fair and unfair suppliers” and open the door for increasing European manufacturing costs, disrupting supply chains, and “undermining the long-standing strategic partnership between the EU and Egypt,” Ezz argued.

“Protectionism will not resolve Europe’s challenges; co-operation will,” Ezz wrote in his call for “evidence-based solutions that safeguard European industry without penalising trusted partners.”

Orascom Investment Holding completes its acquisition of Misr for Entertainment Investments

M&A WATCH-

Orascom Investment Holding (OIH) finalized its EGP 502 mn acquisition of Misr for Entertainment Investments, giving it 100% ownership of the company, it announced in a statement. ADSERO – Ragy Soliman & Partners acted as counsel on the transaction.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

The portfolio: OIH will also own Misr for Entertainment Investments’ subsidiaries, which include the Egyptian Company for Nutrition & Services (Abela Misr), Pier 88 Cairo for Touristic Restaurants, Pier 88 Touristic Establishments, Misr for Touristic Establishments, and Abela Train Services Misr.

REMEMBER- OIH’s general assembly approved the acquisition in July, which had been in the works since last year, when the company’s non-executive expert directors and independent directors approved the acquisition in principle.

MANUFACTURING-

China’s Haiyan Ximei will invest USD 10 mn to develop a project to manufacture packaging and printing materials for clothes, according to a statement from the Suez Canal Economic Zone. The factory in the Qantara West Industrial Zone will create 160 direct jobs and earmark 70% of production for export

LOGISTICS-

Canadian logistics service company IMGS Group and Chinese agriculture and food solutions provider Famsun are mulling opening a global food logistics center, according to a Suez Canal Authority statement. The project in partnership with the authority would be situated in Port Fouad and support the country’s food security. A cooperation protocol to begin developing the project will soon be signed, according to the statement.

HOSPITALITY-

Local real estate leader Mountain View launched its hospitality arm Mountain View Hospitality, the company said in a statement (pdf). The launch of the independent company coincided with the launch of Mountain View’s KIN Hotel on the North Coast — a first for the developer.

What they said: “The launch of Mountain View Hospitality represents a strategic step that reflects our vision and effective contribution to driving the Egyptian economy. We are not just establishing a new company, but rather investing in a giant sector whose value exceeded USD 20 bn in 2025 and is expected to rise to more than USD 28 bn by 2030,” said Mountain View Chairman Amr Soliman.

EXPANSIONS-

#1- Elsewedy Electric’s Elsewedy Electric Power Systems Projects laid the foundation for its combined cycle gas turbine unit in Hungary, the company said in a statement (pdf). The 520 MW hydrogen-ready unit will be the country’s largest combined cycle gas turbine when it is completed in 2028.

Elsewedy Electric will deliver 50% of the engineering works and supplies needed for the EUR 700 mn project. The project marks Elsewedy Electric’s first venture in Europe.

What they said:“Our journey in Hungary represents far more than the construction of a power plant — it is a commitment to enabling sustainable energy transitions around the globe,” said Elwewedy Electric CEO Ahmed Elsewedy.

#2- State-owned Petrojet has secured a SAR 600 mn (USD 160 mn) contract for infrastructure works at the King Saud Air Base in Saudi Arabia, Asharq Business reports, citing an unnamed official. The work includes connections, protection networks, and linking drainage and water lines for a power station.

DEVELOPMENT FINANCE-

Egypt is among 13 countries in line for USD 634 mn in green financing from the European Bank of Reconstruction and Development, the lender said in a statement. Jordan and Morocco are also getting a piece of the funds under the newly-launched Greening Financial Systems: Delivering Climate Finance for All program.

DIPLOMACY-

#1- Egypt praised the UN General Assembly's vote to agree to steps toward a two-state solution to the Israeli-Palestinian conflict, the Foreign Ministry said in a statement. The votes in support of the motion from 142 nations shows “compelling evidence of the widespread international support for legitimate Palestinian rights,” according to the statement. The only nations to vote against the resolutions were the US, Israel, Argentina, Hungary, Papua New Guinea, Paraguay, Tonga, Micronesia, Nauru, and Palau — representing just 5.2% of the world’s population by our math.

#2- Egypt, UAE, Saudi Arabia, and the US issued a Sudan peace plan, which followed weeks of negotiations between the four countries — that have all had long-standing differences on the issue — according to a joint statement. The four countries called for an initial three-month truce, followed by a permanent ceasefire and nine-month transitional process to develop an independent civilian government.

#3- Eight agreements were signed during the Egyptian-Tunisian Joint High Committee last week, according to a statement. The agreements inked during Tunisian Prime Minister Sarah Zafrani’s visit to the country last week included MoUs on health and medicine, youth and sports, export development, social affairs, MSME development, consumer protection, and diplomatic cooperation.

Shares in BTC-hoarding companies tumble as crypto treasury boom falters

Shares in companies holding BTC have slumped, marking the first big setback for the crypto treasury trend that swept markets this summer, the Financial Times reports. MicroStrategy — the world’s largest corporate BTC holder — went down 18% in the past month to its lowest since April, dragging peers lower.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

Also in hot water: Japanese hotelier-turned-BTC buyer Metaplanet has seen its shares plunge 68% from their June peak, while Smarter Web Company, the UK’s largest BTC holder, is down 70%. Shares of US-listed KindlyMD (-68%) and France’s Capital B (-26%) — both of which pivoted away from their original businesses to stockpile tokens — have also dropped sharply.

What’s driving the decline? The sell-off coincides with BTC itself over 6% from last month’s record above USD 124k, part of a broader retreat from risk assets. “The hype is dying down . . . [This summer] was the peak for both hype and for the number of companies launching,” said Tyler Evans of UTXO Management. Natixis analyst Eric Benoist warned weaker players will likely be “wiped out” if conditions worsen.

Firms’ strategies were based on raising equity or debt to buy BTC, ETH, and other tokens in hopes of boosting valuations. Some groups have even rebranded with BTC-themed names and colors to ride the wave. But as prices fall, companies risk being valued below the crypto they hold — a “danger zone” that makes fundraising harder, analysts warn.

That is already the case for some. LM Funding America’s enterprise value has fallen to USD 23.5 mn, below the USD 34 mn worth of BTC it holds. Healthcare tech firm Semler Scientific is in a similar position, with an enterprise value of USD 500 mn versus BTC holdings worth USD 557 mn.

Despite the rout, new vehicles are still launching: Forward Industries raised USD 1.7 bn this week to build a SOL treasury, while packaging group Eightco Holdings bought WLD tokens, sending its shares higher. Alt5 Sigma — backed by the Trump family’s crypto venture — has fallen 35% since announcing its own treasury plan last month.

EGX30	34,937	+0.8% (YTD: +17.5%)
USD (CBE)	Buy 48.13	Sell 48.27
USD (CIB)	Buy 48.15	Sell 48.25
Interest rates (CBE)	22.00% deposit	23.00% lending
Tadawul	10,453	-0.4% (YTD: -13.2%)
ADX	10,014	+0.6% (YTD: +6.3%)
DFM	6,031	+1.2% (YTD: +16.9%)
S&P 500	6,584	-0.1% (YTD: +12.0%)
FTSE 100	9,283	-0.2% (YTD: +13.6%)
Euro Stoxx 50	5,391	+0.1% (YTD: +10.1%)
Brent crude	USD 66.99	+0.9%
Natural gas (Nymex)	USD 2.94	+0.2%
Gold	USD 3,686	+0.4%
BTC	USD 115,946	+0.1% (YTD: +23.9%)
S&P Egypt Sovereign Bond Index	919.77	+0.1% (YTD: +18.3%)
S&P MENA Bond & Sukuk	150.36	+0.0% (YTD: +7.4%)
VIX (Volatility Index)	14.76	+0.3% (YTD: -14.9%)

THE CLOSING BELL-

The EGX30 rose 0.8% at Thursday’s close on turnover of EGP 4.4 bn (0.8% below the 90-day average). Regional investors were the sole net sellers. The index is up 17.5% YTD.

In the green: Juhayna (+3.4%), Telecom Egypt (+2.7%), and Egypt Aluminum (+2.7%).

In the red: Qalaa Holdings (-2.8%), Raya Holding (-2.6%), and Palm Hills Development (-2.2%).

CALENDAR

SEPTEMBER

15 September (Monday): IMF to hold its combined fifth and sixth reviews of Egypt’s USD 8 bn EFF arrangement.

17-18 September (Wednesday-Friday): The 2025 Cairo Regional Forum on Financing Renewables, Green Hydrogen and Green Ammonia, Nile University, Cairo.

24-27 September (Wednesday-Saturday): Cityscape Egypt 2025, Egypt International Exhibition Center

29-30 September-6 October (Monday-Tuesday):Techne Summit Cairo, Sultan Hussein Kamel Palace, Cairo

29 September-6 October (Monday-Monday): Egypt Innovation Week

30 September (Tuesday): The Egypt-South Korea Economic Cooperation and Partnership Forum.

The Egyptian-Moroccan Business Council to send a delegation of 23 local companies to Rabat.

The Engineering Export Council of Egypt will ship a commercial delegation to Russia to ramp up exports to European markets.

Egypt Education Platform (EEP) to launch two new schools in Alexandria and Somabay.

Egypt Otsuka’s nutritional products factory in Tenth of Ramadan to begin operations, with exports to Gulf countries expected by January 2026.

OCTOBER

1 October (Wednesday): Applications for alternative housing for old rent tenants will open through an online platform or at post offices nationwide.

2 October (Thursday): Monetary Policy Committee’s sixth meeting.

4-6 October (Saturday-Monday):Techne Summit Alexandria, Alexandria Bibliotheca, Alexandria

7 October (Tuesday): The 2025 EnterpriseAM Egypt Forum.

7-8 October (Tuesday-Wednesday): HACE-Hotel Expo, Egypt International Exhibitions Center.

7-9 October (Tuesday-Thursday): EgyMedica Exhibition, Cairo International Convention Center.

12-16 October (Sunday-Thursday): Cairo Water Week, Cairo.

19-20 October (Sunday-Monday): Egypt to host the fifth edition of the Aswan Forum.

19-22 October (Sunday-Wednesday): Arab African Investment and International Cooperation Summit.

23-25 October (Thursday-Saturday): Stone Africa Expo, Cairo International Conference Center.

October: The third iteration of the Export Smart Exhibition and Conference.

Mid-October: Capmas to publish the findings of its 2023-2024 income and expenditure survey.

NOVEMBER

1 November (Saturday): The official opening of the Grand Egyptian Museum.

16-19 November (Sunday-Wednesday): Cairo ICT 2025, Egypt International Exhibition Center

20 November (Thursday): Monetary Policy Committee meeting.

23-25 November (Sunday-Tuesday): NEBU Expo 2025 gold and jewelry exhibition, Egypt International Exhibitions Center, New Cairo.

November: Egypt to join the EU’s Horizon Europe research and innovation program.

DECEMBER

1-4 December: Egypt Defence Expo (EDEX), Egypt International Exhibition Center.

25 December: (Thursday): Monetary Policy Committee meeting.

EVENTS WITH NO SET DATE

Mid-2025: EGX launches sustainability index.

3Q 2025: Nasr Automotive begins locally manufacturing passenger cars.

3Q 2025: Polaris Parks to finalize contracts for two new industrial zones in the new capital and Sadat City.

Mid-2025: The Administrative Capital for Urban Developments to roll out the second phase of offering industrial plots to investors

2H 2025: Potential visit by Chinese President Xi Jinping to Egypt

4Q 2025: The beginning of construction works on China’s State Grid two solar projects.

4Q 2025: GB Auto starts assembling one of China’s Great Wall Motor models in 4Q 2025.

4Q 2025-1Q 2026: Kasrawy Group to launch first Avatr EV models in Egypt.

2025: The InterAcademy Partnership assembly.

2025: Nile Basin States Summit, Cairo, Egypt.

2025: Release of the government’s Startup Charter document.

Before 2025-end: The government will launch two ro-ro shipping lines with Saudi Arabia and Turkey.

2026

Early 2026: Passenger operations on the New Administrative Capital–Nasr City monorail scheduled to begin.

1Q 2026: Trial operations for the Ain Sokhna–Sixth of October section of Egypt’s first high-speed rail line scheduled to begin.

1 January: European Union’s Carbon Border Adjustment Mechanism (CBAM) to fully come into effect.

10-12 February (Tuesday-Thursday): Gitex Global’s AI Everything Middle East & Africa Summit

15 March 2026: IMF to hold its seventh review of Egypt’s USD 8 bn EFF arrangement.

May 2026: End of extension for developers on 15% interest rates for land installment payments

15 September 2026: IMF to hold its eighth review of Egypt’s USD 8 bn EFF arrangement.

2H 2026: Operations at Deli Glass Co’s new USD 70 mn glassware factory kick off.

2027

20 January-7 February: Egypt to host the African Games.

April 2027: Tenth of Ramadan dry port and logistics hub to begin operations.

EVENTS WITH NO SET DATE

2027: Egypt to host EBRD’s annual meetings for 2027.

End of 2027: Trial operations at the Dabaa nuclear power plant expected to take place.

September 2028: First unit of the Dabaa nuclear power plant begins operations.

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