Remittances surge, deficit drops
Ezz plans westward expansion | EBRD backs Benban plant | Advancing energy hub play.
Wednesday, 15 April 2026
Heading west
Good morning, folks. The IMF has revised forecasts for the region and Egypt is no exception. In today's big story: Ezz Steel could be lining up to build a USD 780 mn facility in Algeria.

Today at a Glance
Podcasts
Morning Drive is your daily download of the essential headlines shaping Egypt. Hosted by ‘Synthetic Salma’ — an AI-powered version of Executive Editor Salma El-Saeed.
Listen on: Apple Podcasts | Spotify
Investment Watch
M&A Watch
Explore EnterpriseAM for your industry
A close look at key activities driving headlines across industries
Privatization Watch
Egypt pivots to broader private sector role in revised state ownership policy to be released next month
Companies earmarked for divestment will be merged with others in…
Egypt faces 15 June deadline to meet divestment targets to pass Fund’s seventh review
Egypt’s seventh review under the IMF’s Extended Fund Facility (EFF) is now just 78 days away, with the Fund pencilling in 15…
Newsmakers
CIB CEO Hisham Ezz Al Arab on why Egypt is ready to welcome digital-native banks
“Egypt is at the brink of an inflection point with regulatory momentum, demographic tailwinds, and consumer behavior aligning to drive rapid…
My Morning Routine
Chambers and Partners is out with its 2026 list of Egypt’s top arbitration litigators
Youssef + Partners’ Karim Youssef was awarded the top title of Star Individual
Spotlight
Regulation
Legislation Watch
Parliament moves to shield healthcare and research from nuclear fee hikes
Amendments create a clearer distinction between commercial nuclear ventures and…
Regulation Watch
El Sisi shuffles central bank board, appointing three new subject-matter experts
Sherif Kamel, Ali Faramawy retain seats for another year
Cabinet Watch
Garghoub is now a Special Economic Zone — here is what that means for investors
Plus: A major overhaul at GOEIC to slash customs times
Ittihadiya
Egypt’s El Sisi calls on Trump to end the war
Good morning, all. It’s another morning with the regional war…
Startup Watch
QNB’s Ahmed Fouad is the new chair of the Federation of Egyptian Banks’ SME committee
Plus: Sirio Capital has tapped Karim Samra as a partner for its MENA push
Meet our founders of the week: Knot Technologies’ Ahmed Abdalla and Hussein ElBendak
Knot is building its AI-native ticketing and access control infrastructure out of Egypt for…
Meet Tribe founder Roba El Gindy
“Tribe is the village that it takes to raise a child”
Industries
Banking
FinMin aims to settle EGP 308 CBE debt by end of FY
Good morning, friends. We’ve got a packed issue for you…
Finance
Wall Street built a tool to short private credit
The embattled sector’s value ranges between USD 1.8 tn to…
Capital Markets
Iran war triggers first major crack in 15-month EGX bull run
The benchmark index rose 8.4% the first quarter of the…
Fintech
Instapay hits profitability as demand keeps up one year into 0.1% transaction fee
Instapay has also become the bridge between bank accounts and…
Climate
Hassan Allam Utilities secures USD 65 mn EBRD loan for Benban solar plant
The Nefer Benban facility is part of a solar and…
Automotive
Industry Ministry pushes for 100k vehicles a year and 60% local content in an auto industry reboot
Proposed incentives include performance-based bonuses, extended support for EVs, and…
Commodities
Egypt is kicking off its most critical wheat harvest in years
We are projected to grow 6.5% more wheat, but will…
Tech
Artemis II heads home as the global race for space resources heats up
This is more than just a tech demo. Artemis II…
Energy
Egypt to buy all gas from Cyprus’ Aphrodite field under new pipeline agreements
Newly established company Aphrodite Midstream will lead the construction of…
Infrastructure
Egypt inks USD 296.5 mn locomotive overhaul deal with Canada’s APD
The 12-year contract covers 55 locomotives currently in service and…
Manufacturing
The second phase of industrial financing program is here with bigger caps + new KPIs
The second phase of the program will see borrowing limits…
Mining
Bokra debuts Shakmagia gold fund this month, targets EGP 10 mn
Plus: FRA is capping vehicle depreciation rates to settle claims…
Tuesday, 14 April 2026
Welcome back
Ladies and gents, we bid you a warm return to your offices — and offer a much-needed reminder that you’re in for a shorter-than-usual workweek, so hang in there. There’s a lot to catch you up on, and we’ve got it all covered below.
In today’s issue, we sit down with Ritual Coffee’s Hussein Bahgat to discuss the state of the coffee industry in 2026, recommend a restaurant for your next foodie fix, take a look at what’s been happening on the pitch, and more.

Today at a Glance

Friday, 10 April 2026
It's the weekend!
This long weekend, we’ll be getting our fair share of R&R… and a lot of food. Aside from trying one of Maadi’s hottest new pizza havens, we’re listing our favorite restaurants and cafés across Cairo where you can soak up the sun and take in the breeze. If you’re hitting the cinema, we’ve got you covered with two theatrical releases worth your time. All that and much more…

