Good afternoon, friends, and happy hump day. On the docket are the details on the end of the phone import exemption, Trump’s intensifying Greenland push, and a guide to making your meetings shorter, sharper, and less painful.
THE BIG STORY TODAY-
? The Madbouly government has ended the customs exemption for mobile phones purchased from abroad by travellers, effective tomorrow, Wednesday, 21 January, according to a joint statement from the Egyptian Customs Authority and the National Telecommunications Regulatory Authority (NTRA). This completes the rollout of the mobile phone governance system launched in January 2025, which had temporarily allowed one dutyfree device per passenger while the local manufacturing base scaled up.
Why now? The move aims to protect a rapidly growing domestic industry that now boasts 15 manufacturers producing 20 mn devices annually, Customs Authority head Ahmed Amwi told EnterpriseAM.
Why it matters: This marks a significant pivot toward “industrial protectionism” aimed at making domestic brands the default choice for Egyptian consumers. By restricting the flow of individual imports — often resold through informal channels — the state is funneling demand toward official local agents and domestic plants.
**Look for the full breakdown in tomorrow morning’s issue of EnterpriseAM.
THE BIG STORY ABROAD-
? The international press remains dominated by US President Donald Trump and his ongoing standoff with the EU. Ahead of his expected appearance at the World Economic Forum in Davos, Trump says there’s “no going back” on Greenland, claiming the Arctic island is “imperative for National and World Security.”
Trump is also pressing ahead with his Board of Peace plans, extending invitations to leaders from Egypt, the UAE, and Saudi Arabia, among others, with a signing ceremony set for Davos. French President Emmanuel Macron reportedly declined his seat on the Board of Peace for Gaza, prompting Trump to threaten a 200% tariff on French wines and champagne.
^^Read more on: Reuters and CNBC here and here.
India plans to double bilateral trade with the UAE to USD 200 bn by 2032 after signing a USD 3 bn deal on Monday for the purchase of liquified natural gas. The 10-year agreement mandates that the Abu Dhabi National Oil Company supply LNG starting 2028 to India’s government-owned Hindustan Petroleum Corporation, making India the UAE’s largest LNG customer, accounting for 20% of sales by 2029.
^^Read more on: CNBC and Reuters.
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** CATCH UP QUICK on the top stories from today’s EnterpriseAM:
- The Madbouly government is preparing an integrated incentive package designed to attract EGP 3 tn in real estate investment between 2026 and 2030. The plan centers on a massive land bank of 115 mn square meters, valued at over EGP 500 bn, which will be offered to local and foreign developers under a revised fiscal and regulatory framework;
- Hong Kong-based garment giant Crystal International is establishing a USD 350 mn integrated textile complex in Elsewedy Industrial Development’s Industria October. The project marks one of the largest foreign direct investments in Egypt’s textile sector in recent years and is estimated to create 20k jobs;
- Banks, buyers, and real estate developers may soon have a new tool to help them manage risk in real estate sales: title ins. GIG Egypt officially applied to the Financial Regulatory Authority for a license to issue the country’s first real estate title ins. policy.
☀️ TOMORROW’S WEATHER- We’re in for a slightly warmer day in Cairo tomorrow, with the mercury set to peak at a sunny 22°C before cooling down to 14°C, according to our favorite weather app.




