Good morning, friends, and happy weekend. It’s been another intense week in the press as the regional repercussions of war continue to unfold. We have the full rundown for you below. Also today, we break down what is arguably already the best movie of the year, find solace in the pages of a classic gothic novel, treat ourselves to Mediterranean flavors, and tune in to a podcast worth the hours-long runtime.
Already planning your Easter long weekend? In today’s edition of The Enterprise Guide, we’re looking at how you can make the most out of a long weekend in Siwa — sights to see, things to do, and much more.
🗞️ LAST WEEK IN 3 MINS-
ECONOMY-
#1- The Monetary Policy Committee moved to leave interest rates unchanged at its most recent meeting, according to a statement from the Central Bank of Egypt. The bank kept the overnight deposit rate at 19.0%, in line with the projections of the majority of analysts and economic experts polled by EnterpriseAM. This marks a sharp shift from February’s “crisis management is over” narrative as regional tensions trigger capital outflows, EGP depreciation, and a surprise fuel price hike.
#2- Fitch Solutions’ research arm BMI now sees our GDP growth ending the current fiscal year at 4.9% y-o-y, down 0.3 percentage points from its previous forecast. Oxford Economics likewise downgraded its 2026 forecast 0.4 percentage points to 4.5% y-o-y. S&P Global Ratings also sees GDP growing at a 4.7% y-o-y clip in the current fiscal year, down 0.1 percentage points from its previous forecast.
#3- 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.
DEBT-
#1- The cabinet approved a debt-targeting draft general budget for the next fiscal year, which looks to build a EGP 1.2 tn primary surplus — or 5% of GDP. Taking this approach will freeup “additional credit for debt reduction and social protection.”
#2- Unlocking the remaining USD 3.3 bn from Egypt’s IMF program now hinges on a faster pace of state asset sales. The government is currently pushing to extend the overall arrangement by two months to December to ensure it satisfies the Fund’s structural benchmarks.
#3- The Madbouly government secured a new JPY 35 bn loan — equivalent to USD 220 mn — from Japan to shore up the budget and grease the wheels of private-sector reform.
IPO WATCH-
The government submitted listing documentation for five state-owned firms to the EGX, which are currently undergoing a review by the FRA. The companies include El Nahda Industries, of which a relatively large stake is expected to be offered, potentially between 30-40%. 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.
ENERGY-
#1- Production at the Leviathan gas field and its exports to Egypt look set to remain on hold, with Israel extending its state of emergency until 14 April. The delay looks likely to make Egypt’s hopes for first gas in 2027 very unlikely.
#2- It looks like fertilizer manufacturers won't be the only ones that could soon see gas prices rise in tandem with their export values. The government is mulling a flexible, phased pricing structure for natural gas across several sectors.
M&A WATCH-
Construction firm CCC Egypt acquired a 99% stake in Nile Aluminum and Metals Co. (AluNile). The transaction marks a strategic push into the building materials value chain as the Egypt unit of CCC International looks to vertically integrate beyond its core contracting business.
🌍 AROUND THE WORLD IN SEVEN DAYS-

It was another week dominated by the US-Iran war in global headlines, with a potential end now in sight.
The week began with Yemen’s Houthis joining the strikes, firing ballistic missiles at Israel on Saturday and vowing to keep up attacks as long as US-Israeli strikes on Iran and Lebanon’s Hezbollah continue. The Iran-backed militia fired a second wave of missiles and drones at southern Israel on Sunday. The strikes drove oil prices higher on Monday.
Meanwhile, some 3.5k additional US troops landed in the region on Sunday. A day later, US President Donald Trump topped headlines as he threatened to “completely” obliterate Iran’s energy infrastructure if the Strait of Hormuz is not “immediately” reopened.
The growing global oil supply crisis prompted EU Energy Commissioner Dan Jorgensen to tell governments on Tuesday they should prepare for a prolonged disruption to energy markets as a result of the US-Iran war. On the same day, Trump said he is “willing to end the US military campaign even if the Strait of Hormuz remains largely closed.”
Wednesday saw Trump reiterate that the war with Iran could end in “two to three weeks,” as he threatened to leave Nato if European countries don’t step up to stop Iran from blocking the Strait of Hormuz. Not long after, British Prime Minister Keir Starmer announced that the UK would gather 35 countries to discuss ways to reopen and secure the strait. Meanwhile, Iran’s IRGC threatened to attack US tech companies, including Nvidia, Apple, Microsoft, and Google, in retaliation for US assassinations in Iran.
Trump’s address made headlines on Thursday, again vowing that the war is “very close” to ending and reiterating his timeline of continuing strikes on Iran for the next two to three weeks if there’s no agreement. Oil saw another hike following the US president’s speech.
IN OTHER NEWS- Major layoffs and hiring freezes also dominated headlines this week. On Tuesday, global consumer goods giant Unilever announced that it is enforcing a three-month global hiring freeze as it grapples with high shipping costs due to the US-Iran war. Oracle made significant job cuts on Tuesday — about 10k workers are believed to have lost their jobs via a 6am email.
CLOSER TO HOME- Israel’s parliament passed a law that makes execution the default sentence for Palestinians convicted of lethal terrorism. Human rights advocates condemned the move, arguing that it contradicts the state’s longstanding freeze on capital punishment.
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☀️ THE WEATHER THIS WEEKEND-
We’re in for less tumultuous weather this weekend — fingers crossed — with temperatures in the capital today set to peak at 26°C, with a low of 15°C. It’s more of the same tomorrow, with a high of 26°C and a low of 13°C, according to our favorite weather app.
🎤 HAPPENING THIS WEEKEND-
AUC Tahrir CultureFest is back under the theme “FUTURE C-AI-RO,” running until tomorrow, Saturday, 4 April at AUC Tahrir Square between 2-11pm. This year’s festival explores how tradition and technology will shape the future of our capital city, featuring panel talks from tech experts alongside a packed lineup of exhibitions, downtown excursions, live performances, a book fair, a bazaar, and a children’s program.
Registration is available at the gate for full campus access, with some events operating on a first-come, first-served basis — you can check out the full program here.
Ehab Tawfik is landing at CJC 610 tonight for a vibrant and nostalgic night of his defining pop hits live. Doors open at 8pm — tickets are available on Cairo Jazz Club’s website.
Egypt Career Summit returns to the British University in Egypt campus this weekend. With over 1k job vacancies available, the summit gathers a diverse lineup of experts and guest speakers for insightful talks and workshops. Career tracks include engineering, marketing, e-sports, e-gaming, AI, tech, mental health, HR, sales, and much more. Today’s summit runs between 1-7pm, and tomorrow’s runs between 11am-6:30pm. Tickets are available on Career 180.
An art exhibition awaits at New Cairo’s Maison 69 at Garden 8, showcasing works by Cuban-born and Cairo-based artist Maria Maher. Running through Sunday, 5 April, the exhibition features Maher’s signature dynamic, large-scale canvases.
🎤 HAPPENING NEXT WEEK-
World-renowned composer Omar Khairat is taking to the stage at the Cairo Opera House’s Main Hall on Monday, 6 April and Tuesday, 7 April. Doors open at 6:30pm on both nights — you can book your tickets on Tazkarti.
Have you always been captivated by The Starry Night? The iconic masterpiece comes to life in Cairo on Tuesday, 7 April at Beyond Van Gogh: The Immersive Experience. The internationally acclaimed exhibition lands at District 5 by Marakez, transforming over 700 works by Vincent Van Gogh into fully immersive visual and sonic experiences. Ticket sale details are available on the exhibition’s website. Additional dates are set to be confirmed soon.


