Good afternoon, friends, and congratulations on making it to the weekend. It’s been quite the packed week in the press, and we’re grateful that we can turn off our alarms. In today’s issue, we take a look at the hidden cost of fast fashion and whether sustainable style can come to the rescue, alongside a movie with a ludicrous premise you may or may not relate to — in theory — and more.
Without further ado, the news…
THE BIG STORY TODAY-
📍 The government submitted listing documentation for five state-owned firms to the EGX, which are currently undergoing a review by the Financial Regulatory Authority, a government official tells EnterpriseAM.
The companies include El Nahda Industries, of which a relatively large stake is expected to be offered, potentially between 30-40%, according to our source. The planned offerings also include the Egyptian Ferroalloys Company, with an expected stake of up to 20%, alongside El Nasr Glass, El Nasr Mining, and Alexandria Co. for Refractories.
What’s next? The government is targeting proceeds of up to USD 1.5 bn to support Egypt’s economic reform indicators. Twenty state-owned firms are expected to secure approval for listing on the EGX by the end of April.
^^ We’ll have more on this story in Sunday’s edition of EnterpriseAM.
THE BIG STORY ABROAD-
🌐 Once again, the US-Israel-Iran war is dominating the digital front pages of every major media outlet out there. The latest seems to be a series of analyses of US President Donald Trump’s latest televised speech, in which he reiterated his timeline of intensifying strikes on Iran for the next two to three weeks.
Thereax? Anxieties are anything but assuaged. Trump’s speech sent oil back on the up: Brent is trading at USD 109.6 / bbl, up 8.4%, while WTI is at USD 109.3 / bbl, up 9.1%, at the time of publication. In response to the US president’s threat to go “extremely hard” on Iran, Tehran threatened both the US and Israel with “crushing” attacks.
^^ Read more on Reuters, Financial Times, The Guardian, BBC, and CNN.
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** CATCH UP QUICK on the top stories from today’s EnterpriseAM:
- Fertilizer manufacturers likely won’t be the only ones seeing gas prices rise in tandem with their export values. The government is mulling a flexible, phased pricing structure for natural gas across several sectors;
- Egypt’s fiscal performance showed a modest improvement during the first eight months of the current fiscal year, with the budget deficit narrowing to 4.6% of GDP — a 0.2 percentage point decrease from the same period last year;
- Anti-dumping duties on imported billet and steel sheets are here to stay, with the Investment Ministry giving the thumbs-up to extend its previous September decision to run for a total of three years.
🌤️ TOMORROW’S WEATHER- We’re in for relatively stable weather in the capital tomorrow (with some sunshine, hopefully). Temperatures will reach a high of 26°C, with a low of 15°C, according to our favorite weather app.




