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Monday, 18 May 2026

What We’re Tracking Today
Ipo Watch
M&a Watch
Startup Watch
A Message From Ifc Egypt
Moves
Also On Our Radar
Planet Finance
Blackboard
Calendar

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Today at a glance

1

IPO WATCH

Korra Energi opens subscription window for highly anticipated IPO.
2

WHAT WE’RE TRACKING TODAY

Fawry awaits approval on inbound cross-border remittances license.
3

WHAT WE’RE TRACKING TODAY

Gov’t lines up Mokhtar Ibrahim for temporary EGX listing.
4

Startup watch

Dealfuze launches AI matchmaking platform for MEA founders.
5

M&A WATCH

Raya zeroes in on Ostool exit.
6

Moves

Fawry overhauls subsidiary leadership with new Fawry Plus, Fawry MSME heads.
7

Also on our Radar

ElTawkeel launches fully integrated digital auto sales platform.
8

PLANET FINANCE

PIF and Berkshire are now telling the same story about US equities.
9

BLACKBOARD

How schools could reinvent themselves for the future of work.

Monday, 18 May 2026

What We’re Tracking Today
Ipo Watch
M&a Watch
Startup Watch
A Message From Ifc Egypt
Moves
Also On Our Radar
Planet Finance
Blackboard
Calendar
1

WHAT WE’RE TRACKING TODAY

Fawry awaits approval on inbound cross-border remittances license

Good morning, friends. After a pretty slow start to the week we have a busy issue to kick off this sunny Monday, with updates about our second IPO of the year leading the news well.

Korra Energi released its IPO prospectus last night, giving us more details about the highly-anticipated offering, which kicks off for institutional investors within hours.

Plus: Raya Holding is one step closer to exiting Ostool and Dealfuze is launching an AI platform that helps match MEA founders with international investors.

***

WISH THIS MORNING’S ISSUE was a podcast? We’ve got you. Tap or click here to listen to Morning Drive, a 10-minute version of today’s issue crafted for you to enjoy with your morning coffee, while getting the kids ready for school, or while stomping around the house wondering where the [redacted] you left your [redacted] reading glasses.***

Waiting on the nod

Homegrown fintech giant Fawry is awaiting final approval for a license to receive inbound cross-border remittances after it filed an application with the Central Bank of Egypt, CEO Ashraf Sabry said during a roundtable attended by EnterpriseAM yesterday.

Why it matters: The license would make Fawry the first non-banking financial institution to plug directly into Egypt’s expat remittances pipeline — a channel historically dominated by banks and exchange houses. Remittances hit an all-time high of USD 41.5 bn last year, and routing these inflows through digital platforms is part of the government’s broader financial inclusion push to funnel more FX into the formal financial system.

Temporary listings keep rolling in

The Egyptian Contracting Company - Mokhtar Ibrahim has started the process for a temporary EGX listing this week. The state-owned contracting firm is preparing to float a stake of up to 45% if it reaches the trading floor, the Arabic press reports, citing an unnamed government source. The company’s name has been circulating as a potential addition to the group of temporary listings since late last month.

Why it matters: Divestment progress remains a cornerstone for the ongoing IMF mission currently in Cairo. The state is pushing hard to build momentum on its asset-sale pipelines to demonstrate structural reform compliance to the Fund. An Executive Board vote is anticipated this summer, which would unlock a crucial USD 1.6 bn disbursement.

REMEMBER- The contractor’s potential entry follows the temporary listing of four other state-owned companies just last week, including Chemical Industries Development, Egyptian General Company for Tourism and Hotels, Misr Travel, and El Nasr Fertilizers and Chemical Industries. Much like those recent entries, Mokhtar Ibrahim’s temporary listing will serve as a regulatory staging step to clear out listing paperwork — allowing the government to move fast if investors show interest.

White list expands

The Finance Ministry is adding small businesses and startups to its tax and customs “white list” — a new classification that grants qualifying companies expedited customs clearance, accelerated tax refunds, and access to the customs green lane, a government official tells EnterpriseAM. Eligible businesses must be “compliant with tax regulations and enrolled under the simplified tax regime,” the source adds.

What is the white list, anyway? The white list is a roster of trusted companies with clean operational records and no history of smuggling or customs value manipulation. The government is expanding the previously limited roster to support local investments and boost corporate liquidity through perks like doubled immediate VAT refunds. The list may expand again during a potential second phase, with disbursements tied to performance-based criteria, we’re told.

Correction

In yesterday’s story on BP weighing selling off select natural gas assets in Egypt, we stated that BP’s potential divestment targets “five offshore blocks.” This was an error. BP did not specify how many assets it is considering selling — the five fields refer to the makeup of the West Nile Delta project, not the scope of the potential divestment. The story has been updated on our website.

PSA-

WEATHER- The sun is a little bit nicer to us in Cairo today, though still baking, with a high of 38°C and a low of 23°C, according to our favorite weather app.

It’s much nicer in Alexandria, with a high of 28°C and a low of 18°C.

In a market defined by geopolitical risk, inflation, currency volatility, and declining interest rates, knowing how to manage your money has never been more important, and yet few people are really good at it.

The default in Egypt has traditionally been to dollarize, buy real estate, or stash your extra cash in a high-yield certificate of deposit, but that playbook is dying.

With an illiquid real estate market, the era of ultra-high-yield deposits coming to an end, and a rapidly expanding ecosystem of digital investment options, investors are looking for new, smarter opportunities.

In this four-part series, EnterpriseAM Money Matters will walk you through smart personal finance decisions regardless of your age, income, or starting point.

Coming straight to your inbox. Stay tuned.

The big story abroad

We got a raft of business and geopolitical updates this morning. The US and Iran seem no closer to a final resolution, with President Donald Trump warning Tehran that “the clock is ticking.” Iranian media claims that Washington has demanded the removal of the nation’s uranium stockpile without proposing tangible concessions in return. A drone strike on the UAE’s Barakah nuclear power plant has heightened tensions in the region.

Meanwhile, in the world of M&A: French advertising group Publicis Groupe is acquiring data collaboration company LiveRamp in a USD 2.2 bn transaction, expanding its foothold in the AI marketing space. The move will allow the group to create proprietary data for clients and develop intelligent AI agents.

And on Wall Street: Investors are sounding the alarm over an apparent market paradox, where bullish sentiment prevails in stocks while bond yields rise sharply, leading some to believe that a drastic shift is overdue. Despite positive market sentiment over robust first-quarter earnings and AI-related developments, higher yields portend costlier corporate spending and a safe haven to draw investors away from equities.

*** 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: Egypt’s private education powerhouses deliver a rare look at the sector’s existential roadblock: a critical deficit of qualified teachers capable of running an AI-driven, 2030-ready curriculum.

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Sailors chasing the wind to Somabay shores.

From 14-16 May, the first-ever Somabay Sailing Festival 2026 brings together world-class regattas, elevated seaside experiences, and vibrant energies. Marking a new milestone for the destination and the future vision of GranMarina, the festival sets the tone for a new era of sailing experiences at Somabay.

Brought to you by Red Sea Sails.

Click here to explore the full experience.

2

IPO WATCH

Get a piece of Korra

Energy solutions firm Korra Energi is looking to raise up to EGP 735 mn by going public, by our math. The listing will offer up 11% of the company — represented in 247.5 mn shares — at EGP 2.97 apiece to institutional investors starting today and retail investors a day later, the company said in its IPO prospectus (pdf). The independent financial advisor had valued the stock at EGP 3.20 a pop.

Institutional investors will be able to snap up 60% of the shares on offer until the institutional subscription round closes on 24 May. Institutional investors will be able to acquire a minimum of 5 mn shares, while high-net-worth individuals can subscribe to a minimum of 2 mn shares.

What about retail investors? They will have until 25 May to put in their offers — of no less than 1k shares and no more than 2 mn — for the remaining 40% of shares on offer.

This marks the EGX’s second private-sector IPO of the year, following Gourmet’s IPO back in February. The move signals that local equity markets are decoupling from the regional war as firms look past the macro volatility to fund growth.

To get a sense of investor appetite amid the current wave of uncertainty we’ll be closely watching the demand for the IPO, and after that how shares perform when trading kicks off.

Behind the scenes: Offering manager Prime Holding’s CEO Yasser Shahin and Korra Energi CEO Ayman Korra let us in on the company’s plans for the offering proceeds last week. Check out the main takeaways from our conversation here.

A long, long time coming: The IPO has been on our radar for years now — the bourse approved the temporary listing of Korra’s shares back in December 2024, at the time the company said it intended to float 20% by 1H 2025.

Advisors: Prime Holding is leading the IPO as offering manager, El Sherif Law Firm & Consultants is serving as counsel, and Baker Tilly is acting as the independent financial advisor.

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3

M&A WATCH

Ostool saga ends

Raya Holding is edging toward closing the loop on a six-year-long Ostool divestment saga. The EGX-listed conglomerate lined up BoD approval to offload its 90% stake in Ostool Transport and Logistics to one of the subsidiaries of Qalaa Holdings’ EGX-listed industrial mining outfit Ascom Mining Group for EGP 641 mn, it said in a bourse filing (pdf). Raya Trade holds 1% of the offloaded stake and its corporate parent owns the remaining 89%. Ascom first submitted the offer in June of last year.

What’s new? The BoD signed off on the independent fair value study prepared by Prime Capital and cleared by the Financial Regulatory Authority. The transaction values the freight firm at roughly EGP 8.22 per share, marking a 30.5% premium over its EGP 6.3 fair value.

Raya’s attempts to exit land logistics stretch back to February 2020, when it agreed to sell half of its 62.3% stake at the time to a British Virgin Islands-registered outfit called Paradigm Logistics for EGP 133 mn at EGP 10.7 per share. By April 2021, Raya was offering its entire stake for EGP 266.6 mn at EGP 4.94 per share — a noticeable drop in share price for a larger block — before the transaction collapsed in 2022 after Paradigm failed to transfer the funds on time.

Raya took a sharp U-turn in December 2023 and consolidated its Ostool stake to 90% by buying out Egyptian Gulf Holding Financial Investments — EGBank’s investment arm. At the time, CFO Hossam Hussein told EnterpriseAM the move was driven by Ostool’s improving performance.

Going home: Ostool — which provides land transport and fleet services to construction, energy, and industrial players — was founded in 2010 as a JV between Raya and Qalaa. After a six-year divestment orbit, the logistics firm may be returning home to a unit under Qalaa’s umbrella.

ALSO- Raya Venture Capital got the OK to launch a new 49-51 fintech startup with Disruptech Ventures, backed by an initial issued capital of USD 2 mn. The BoD also signed off on a new AI venture, capitalized at EGP 250 mn, and a cybersecurity spin-off under Raya IT, capitalized at EGP 1 mn.

MARKET REAX- Raya Holding's stock shed 3.29% yesterday to 7.35, while Ascom’s share price fell 2.5% to 48.72.

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4

Startup watch

A match made in venture heaven

Swipe right on dealflow: London-based startup Dealfuze, co-founded by Egyptians Mohamed Al Sheraie and Mostafa Zaghloul, is launching a MEA-focused venture discovery platform targeting capital allocation gaps, according to a press release (pdf). The algorithmic matching platform pairs MEA founders with international and GCC investors based on sector, stage, geography, and traction metrics.

A connectivity issue: Underserved MEA founders lack access to networks connecting them with international and GCC investors seeking to diversify transaction flow, Zaghloul tells EnterpriseAM. Gender disparity compounds the problem, as female founders across Africa secure only 10% of equity funding despite representing over a third of all applicants.

This networking gap is consequential. Over 82% of African VC flows into just four countries, and pre-seed funding accounts for only 1.5% of total African venture investment. Meanwhile, private pre-seed capacity has shrunk by more than 60% after international accelerators withdrew from the continent.

How it works: Think of it as a matchmaking app for founders and investors — but one that makes connections based on industry data and metrics rather than warm introductions. Once both parties express mutual interest, the platform opens a direct communication channel to schedule a call. The company is exploring subscription and AI token consumption revenue models, Zaghloul says.

Quality control: Before a startup becomes visible to investors, the profile goes through a verification step to ensure it is investor-ready, Zaghloul says. Founders upload a pitch deck, which the platform parses into a standardized match card. Dealfuze plans to eventually expand this to include optional live financial, social, and operational data integrations.

Watch this space: The algorithmically curated digital demo day, co-hosted with the regional technology community Builders Tribe, will be hosted on May 20 and feature a cohort of startups, including Saudi-based short-term vacation rental proptech Darent, pitching to institutional funds like Shorooq Partners, Blossom Capital, and Launch Africa Ventures, alongside a broader network of regional and global VCs. Ticket sizes range from USD 50k to over USD 1 mn.

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5

A MESSAGE FROM IFC EGYPT

50 years of backing Egypt’s private sector

In 1976, IFC, a member of the World Bank Group, began its Egypt partnership with a single factory outside Cairo and a USD 5 mn vote of confidence in Egypt’s private sector. Fifty years later, that first commitment has grown into more than USD 10 bn across nearly 300 projects. The larger story is what that capital helped make possible: markets opened, frameworks built, and businesses grew because private capital showed up.

Financing is only one part of the picture. Across every industry, the World Bank Group has worked alongside the Government of Egypt and the private sector to support reform agendas, co-design frameworks, and mobilize investors. Behind that is a deliberate model: the World Bank reforms the enabling environment; IFC finances the businesses that environment makes viable; and MIGA provides de-risking tools. That model helped lay the groundwork for Benban, expand renewable energy through Abydos Solar and Amunet Wind, support Egypt’s first utility-scale battery storage project, and open new financing channels through Egypt’s first private green bond with CIB.

The throughline is jobs. Across ports, tourism, agribusiness, healthcare, financial services, and fintech, IFC has supported companies and sectors that connect Egyptian producers to markets, expand access to finance, improve healthcare, strengthen value chains, and support women’s economic participation.

As Egypt’s reform program creates room for greater private-sector participation, the question is speed. Around 1.3 mn young Egyptians enter the labor market each year, and that number sets the terms of what comes next. Meeting that ambition requires private capital, market-building, and partners prepared to stay. After 50 years in Egypt, IFC’s role remains focused on that work: helping private investment translate into jobs, resilience, and long-term growth. The impact belongs to Egypt. (Click here to read the full feature.)

Cheick-Oumar Sylla, IFC Division Director for North Africa and Horn of Africa.

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6

Moves

New CEOs for Fawry Plus and Fawry MSME

Fawry has reshuffled leadership across two key subsidiaries, naming longtime Group CFO Abdelmeguid Afifi (LinkedIn) CEO of Fawry Plus and appointing corporate banking veteran Mohamed Hosny (LinkedIn) CEO of Fawry MSME finance, according to separate statements (here and here).

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7

Also on our Radar

ElTawkeel launches fully integrated digital auto sales platform

Digital automotive marketplace ElTawkeel has launched the country’s first fully integrated e-commerce platform for new vehicles — initially featuring a range of brands distributed by Kasrawy Group — in partnership with fintech Valu, ADIB Egypt, and Kasrawy, according to a statement. The platform acts as the exclusive online seller for listed vehicles, earning revenue through commissions on sales.

What to expect: The platform allows buyers to browse Kasrawy Group brands — including Jetour, JAC, and Citroën — compare official prices, secure ins., and choose financing plans through either Valu or Abu Dhabi Islamic Bank Egypt (ADIB Egypt).

Why this matters: Egypt’s offline car market struggles with price ambiguity, dealer markups, and friction between buyers and financing providers. This unified digital system aims to resolve these problems while combining bank financing from ADIB Egypt with non-banking consumer finance from Valu — streamlining the traditional multi-step, multi-institution process into a single integrated experience.

What’s next: The platform is looking to onboard more brands and is in advanced talks with one auto distributor, founder and CEO Ali Shaaban of ElTawkeel tells EnterpriseAM. ElTawkeel is also working on launching a mobile application to improve user experience.

Montage in Ras El Hekma

Abu Dhabi-based Modon Holding is partnering with the ultra-luxury hospitality brand Montage to launch Montage Ras El Hekma, according to a company statement (pdf). The development marks Montage’s debut in the country and features a 200-key resort and 96 villas in Wadi Yemm, the coastal city’s first precinct to enter active delivery.

About Montage: Founded in 2002 by industry veteran Alan J. Fuerstman, the US-based ultra-luxury hospitality brand has a portfolio of resorts and urban hotels concentrated in North America including properties in Laguna Beach, Beverly Hills, Deer Valley, and Los Cabos.

REMEMBER- The partnership turns last year’s MoU between the master developer and Montage into a concrete launch. It serves as the opening chapter of the massive USD 35 bn Ras El Hekma masterplan, which spans 170.8 mn sqm. The project is expected to attract USD 110 bn in investments by 2045 and contribute around USD 25 bn annually to Egypt’s GDP upon completion.

Edita’s net income more than doubles in 1Q

Snackmaker Edita Food Industries saw its net income jump 108.1% y-o-y in 1Q 2026 to EGP 793.1 mn, according to its latest earnings release (pdf). Revenues rose 34.7% y-o-y to EGP 5.8 bn, thanks to “robust” demand and “continued pricing discipline.”

Segment breakdown: The cakes segment was once again the largest contributor to revenue, with sales growing 35.9% y-o-y to EGP 3.1 bn, making up over half of total revenue. The bakery segment saw the largest y-o-y revenue increase at 67.7% and accounted for 27.2% of the top line at EGP 1.6 bn. Net export sales surged 73.1% y-o-y to EGP 549.7 mn, accounting for 9.5% of overall revenues.

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8

PLANET FINANCE

The great retreat

Two of the world’s smartest money managers just looked at the blue-chip US equity market and said no thanks. Saudi Arabia’s Public Investment Fund (PIF) and Warren Buffett’s Berkshire Hathaway filed their quarterly US equity disclosures with the SEC on Friday, 15 May, and what they had in common was more interesting than what they bought.

Berkshire Hathaway’s first 13F under its new CEO Greg Abel shows a firm in active retreat from broad US equity exposure. Berkshire exited 16 positions entirely in 1Q 2026 — including full sales of Amazon, Visa, Mastercard, and UnitedHealth — while buying USD 15.94 bn in stocks against USD 24.09 bn in sales.

The marquee additions were a new USD 2.65 bn stake in Delta Air Lines, reversing Buffett’s 2020 airline exit, and a near-tripling of the Alphabet Class C position to roughly 58 mn shares. Even after that rebalancing, Berkshire’s cashpile sat at USD 397 bn at quarter-end — the firm's way of saying it can't find enough stocks worth buying at current prices. Berkshire has been a net seller for 14 quarters in a row.

Read against Berkshire’s filing, PIF tells a similar story, though the two funds got there differently. According to PIF’s first 13F filing of the year, the fund now holds just four US-listed positions — Uber (USD 5.24 bn), Electronic Arts (USD 5.06 bn), Lucid Group (USD 1.69 bn), and Clarivate (USD 20.9 mn) — for a combined USD 12 bn, marking their lowest level in five years, Argaam reports. Visa, Mastercard, and Amazon were already gone from PIF’s book before this quarter.

ICYMI- PIF’s portfolio of US holdings peaked at USD 56.7 bn across 36 positions at the end of 2021, and has been contracting ever since. The PIF also recently cut its international allocation target to 20% in April, down from 30%, signaling a broader shift toward deploying more sovereign capital at home.

Why it matters: PIF’s latest filing adds more weight to something markets have slowly been picking up on. Gulf sovereign money is increasingly being called home. As regional governments ramp up domestic spending — with defense and reconstruction costs from the Iran war also looming — broad exposure to US mega-caps appears to matter less than it once did.

MARKETS THIS MORNING-

Asia-Pacific markets are down in early trading this morning, triggered by fears of further escalations in the ongoing regional war after US President Donald Trump told Iran to “get moving.”

EGX30

52,364

-1.5% (YTD: +25.2%)

USD (CBE)

Buy 53.22

Sell 53.36

USD (CIB)

Buy 53.25

Sell 53.35

Interest rates (CBE)

19.00% deposit

20.00% lending

Tadawul

10,968

-0.3% (YTD: +4.6%)

ADX

9,678

-0.3% (YTD: -3.2%)

DFM

5,709

-0.5% (YTD: -5.6%)

S&P 500

7,409

-1.2% (YTD: -8.2%)

FTSE 100

10,195

-1.7% (YTD: +2.7%)

Euro Stoxx 50

5,828

-1.8% (YTD: +0.5%)

Brent crude

USD 110.33

+1.0%

Natural gas (Nymex)

USD 2.99

+1.0%

Gold

USD 4,549

-0.3%

BTC

USD 77,862

-0.4% (YTD: -11.1%)

S&P Egypt Sovereign Bond Index

1,049

+0.1% (YTD: +5.7%)

S&P MENA Bond & Sukuk

150.35

-0.6% (YTD: -1.0%)

VIX (Volatility Index)

18.43

+6.8% (YTD: +23.3%)

THE CLOSING BELL-

The EGX30 fell 1.5% at yesterday’s close on turnover of EGP 11.0 bn (40.6% above the 90-day average). Local investors were the sole net buyers. The index is up 25.2% YTD.

In the green: Qalaa Holdings (+6.5%), AMOC (+4.1.%), and Abu Qir Fertilizers (+2.8%).

In the red: GB Corp (-5.8%), ADIB (-5.5%), and Arabian Cement (-3.9%).

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Our weekly deep dive into education in Egypt, from K-12 to post-secondary.

Published every Monday in EnterpriseAM.

Read Blackboard
9

BLACKBOARD

Who teaches the new curriculum?

The people who run Egypt’s private education sector were unusually candid last week about what the next five years will look like — and what they can’t yet solve. At AmCham’s “Investing in Shaping the Future of Education in Egypt” conference, the chairmen and CEOs of Taaleem, CIRA, Egypt Education Platform, Mobica's NextEra Education, and the British Council all discussed a thesis that would have been impossible a year ago, namely that the curriculum that Egyptian schools are currently selling will not be the product these institutions are offering in 2030.

“All our jobs will vanish within years — within less than five years, or will be completely changed,” Mobica and NextEra Education Chairman Mohamed Farouk told the room. His own thinking has moved from coding to AI, prompting a more fundamental position: “I didn't find anything to tell [students] except: you have to continuously learn.”

Taaleem put a date on it. AI literacy will be mandatory across every university Taaleem operates, starting next academic year, regardless of specialization, CEO Mohamed El Rashidi said. Universities need to prepare students to “control and manage AI” rather than be controlled by it, he added. It’s the first concrete commitment from a major Egyptian educational provider to embed AI as a cross-curricular requirement rather than an elective.

The thesis runs deeper than tooling. NextEra co-founder Ahmed Tarek argued that the durable human edge is intuition and pattern recognition, “connecting the dots, gut feeling.” That system should push students toward exploration, internships, and entrepreneurship much earlier than it currently does. The implication? Standardized testing, single-track curricula, and Egypt’s heavily prescriptive thanaweya amma model are exactly the wrong design for what’s coming.

The problem is who delivers it. Quoting McKinsey, British Council Egypt Country Director Mark Howard offered the panel’s most uncomfortable line: “The quality of an education system cannot exceed the quality of its teachers.” Tarek put a number on the gap — public-school teachers earning under USD 200 a month — and Farouk argued that Egypt should spend less on “walls and concrete” and more on teacher development and curriculum design.

Nobody on the panel had an answer. The investment case sketched out — patient capital, leadership development across governorates, and models flexible enough to absorb FX shocks — is a case for how to run the business they already have. It is not a case for fixing the labor pool that delivers the product.

CIRA board member Ahmed ElKalla framed scaling as a leadership problem. The bottleneck is finding enough institution heads who can preserve a school’s culture as it expands. Egypt Education Platform CFO Adel Badr described diversifying beyond K-12 into nurseries, transport, and learning guides to absorb macro shocks. Both are real strategic answers. Neither addresses who stands in front of the class.

What’s next: Taaleem’s AI literacy rollout starting in the 2026/2027 academic year is the first real test. The participants we spoke with privately are watching to see whether the ministry’s teacher-pay reform package — promised repeatedly but not yet sized — has any material effect before the next budget cycle.

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CALENDAR

2026

MAY

21 May (Thursday): Monetary Policy Committee’s third meeting of 2026.

27-29 May (Wednesday-Friday): Eid El Adha (TBC).

JUNE

15 June (Monday): Seventh review of the IMF’s Extended Fund Facility.

30 June (Tuesday): National holiday in observance of the June 30 Revolution (TBC).

JULY

9 July (Thursday): Monetary Policy Committee’s fourth meeting of 2026.

23 July (Thursday): National holiday in observance of Revolution Day (TBC).

AUGUST

20 August (Thursday): Monetary Policy Committee’s fifth meeting of 2026.

26 August (Wednesday): National holiday in observance of Prophet Muhammad’s birthday (TBC).

SEPTEMBER

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

24 September (Thursday): Monetary Policy Committee’s sixth meeting of 2026.

27-29 September (Sunday-Tuesday): Global Conference on Population, Health, and Human Development.

OCTOBER

6 October (Tuesday): Armed Forces Day.

29 October (Thursday): Monetary Policy Committee’s seventh meeting of 2026.

DECEMBER

17 December (Thursday): Monetary Policy Committee’s eighth meeting of 2026.

EVENTS WITH NO SET DATE

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

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

July 2026: British Prime Minister Keir Starmer set to visit Egypt.

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

2026: The Egyptian-American Economic Forum.

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.

2027: Egypt-EU Summit 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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