☀️ Good afternoon, friends, and welcome back. It’s a bright and sunny day, and we hope you’re making the most out of it before the weather potentially throws us for another loop. Today, we’re speaking to experts from across the region to assess the psychological impact of the war, taking a look at a business podcast that tells it like it is — no BS — and more.
THE BIG STORY TODAY-
📍 The EGP hit a fresh all-time low in Monday’s midday trading, sliding past the 54.5 mark against the greenback as the exit of carry-trade investors and a cocktail of regional shocks put a severe squeeze on local FX liquidity. At the banks, the USD was trading as high as 54.65 at CIB and 54.60 at the NBE, which, former Banque Misr Deputy Chair Sahar El Damaty told us, reflects the pressure of a flexible exchange rate regime absorbing disruptions to tourism, investment, and Suez Canal revenues.
Don’t expect a quick rebound: Damaty warns that the currency will likely remain under pressure in the near term, a sentiment echoed by a bearish long-term outlook from S&P Global Ratings, which anticipates the EGP will slide to 58.30 by the end of FY 2026-2027 and potentially cross the 60 mark in the following years as Egypt navigates the structural fallout of regional instability.
^^ We’ll have more on this story in tomorrow’s edition of EnterpriseAM.
THE BIG STORY ABROAD-
🌐 Still leading the press this afternoon are US President Donald Trump’s threats to “completely” obliterate Iran’s energy infrastructure — including oil wells, electric plants, and, most importantly, key export hub Kharg Island — if the Strait of Hormuz is not “immediately” re-opened. That said, Trump still says he thinks an agreement with Iran is on the table. Iran has not yet responded.
MEANWHILE- Missiles fired at Israel by Yemen’s Houthis drove oil prices higher. Brent rose 2%, trading at USD 115 a barrel after reaching USD 116 this morning, while WTI rose to over USD 100 per barrel, as of the time of publication.
^^Read more on: CNN, the Financial Times, Reuters, and CNBC.
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** CATCH UP QUICK on the top stories from today’s EnterpriseAM:
- Fitch Solutions’ research arm BMI now sees 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;
- 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;
- With regional tensions threatening to freeze IPO momentum, we’re told the IPO pipeline remains in play. The key issue now is timing, with issuers likely to wait until markets allow them to fetch the highest valuation.
🌥️ TOMORROW’S WEATHER- Keep your umbrella handy, we might be in for some good ol’ wind and rain in Cairo tomorrow. Temperatures will reach a high of 26°C and a low of 17°C, according to our favorite weather app.




