Get EnterpriseAM daily

Available in your choice of English or Arabic

Egypt’s gaming market levels up

1

WHAT WE’RE TRACKING TONIGHT

FinMin targets EGP 250 bn in FY 2026-2027 to drive industry, exports, and tourism

Good afternoon, friends, and congratulations on making it to the weekend. It’s been a busy week in the press — and today is no different. Abroad, the tech sell-off continues, and at home, industry and tourism are set for a boost in the FY 2026-2027 budget. Also in today’s issue: we catch up on the latest season of Industry and dissect Egypt’s booming gaming market.

THE BIG STORY TODAY-

📍FinMin gives industry and tourism a boost: The Madbouly government is planning to allocate nearly EGP 250 bn in the FY 2026-2027 budget to fund financing initiatives targeting the industrial, export, and tourism sectors, a senior government official told EnterpriseAM. The final interest rate remains under review. The move supports the government’s target of raising industry’s GDP contribution to 20% by 2030 and meeting its USD 145 bn export goal.

The details: The package is expected to be anchored by an expanded industrial financing program that could exceed EGP 100 bn, alongside the continuation of the EGP 50 bn tourism initiative and higher export subsidies, up from EGP 45 bn this fiscal year.

The government is also studying the creation of a dedicated financing fund to coordinate disbursements between the CBE, the Finance Ministry, and the Industrial Development Authority.

THE BIG STORY ABROAD-

🌐 All eyes are on global markets as the tech sell-off shows no signs of stopping amid fears of AI disruption. The past week saw losses of USD 1 tn — stocks, bonds, and loans of Silicon Valley companies suffered hundreds of bns of USD in losses in just the span of two days. Precious metals have also taken a hit, with silver plunging 17% this morning, canceling out a two-day rally. Gold also fell 3.5%, trading near USD 4.85k per ounce at the time of publication.

^^Read more on Bloomberg here and here.

ALSO MAKING HEADLINES- The Washington Post has laid off nearly one-third of its work force, effectively eliminating its sports section, book department, and scaling back on a slew of foreign bureaus and coverage desks. The move is being described by WP employees as one of the “darkest days” in its history.

^^Read more on the Washington Post, AP News, and the BBC.

AND- Alphabet shares were down this morning, dipping 2.6% premarket. This follows the tech giant’s earnings release, which projected USD 175-185 bn in capex for 2026, beating analyst forecasts. A significant portion of this capex will go toward AI, raising concerns for investors.

^^Read more on CNBC and Reuters.

** CATCH UP QUICK on the top stories from today’s EnterpriseAM:

  • The Finance Ministry and the EGX are preparing to activate a secondary market for sovereign sukuk. Shifting sukuk from the primary market to open exchange trading is designed to maximize returns and attract fresh liquidity as Egypt’s Islamic finance market matures;
  • The Investment Ministry and General Organization for Export and Import Control are tightening oversight on exports of fertilizers, cement, steel, and appliances to ensure Egyptian goods don’t lose access to international markets over environmental standards;
  • The automotive market staged a significant recovery in 2025, with total sales up 69.9% y-o-y to 173.8 k units. The rebound after a punishing two-year slump was driven by a 53.6% increase in bus sales, a 64.4% increase in passenger car sales, and a notable 108.4% increase in truck sales.

☀️ TOMORROW’S WEATHER- We’ll be getting plenty of sun in Cairo tomorrow, with the mercury set to peak at 25°C before cooling down to 16°C, according to our favorite weather app.

2

FOR YOUR COMMUTE

Can Egypt’s growing gaming market pave the way for a creative boom?

🎮 Egyptian consumers are spending USD bns on… gaming? In 2024, video game-related consumer spending reached a lofty USD 2.5 bn across the UAE, Saudi Arabia, and Egypt, with Om El Donia leading the pack by volume with a total spend of USD 1.1 bn — up 11.5% from 2023, according to a study (pdf) by Galal & Karawi Management Consulting and Orient Planet Group. When it comes to digital media spending, gaming is king — dwarfing on-demand streaming services and music.

The breakdown

While USD 1.1 bn is not the kind of number to be ignored, we have lagged behind in terms of value. Despite generating the highest volume throughout the region, we generated the lowest value per individual user, at USD 61.8 per user, compared to the UAE’s USD 280 per user and Saudi Arabia’s USD 393.

And the math checks out. The volume is driven by Egypt’s population — over 108 mn as of August 2025, according to CAPMAS — a significant number of whom were active internet users as of April 2025, according to the Communications Ministry. The study also notes that 91.6% of internet users in Egypt are gamers, with smartphone games — such as PUBG and the recently bannedRoblox — taking the cake with 76.4% of total active usage.

The popularity of smartphone games, most operating on at-no-cost models with optional transactions, explains the volume-value disparity — most of us are playing, but not all are paying, or at least not half as much as our gaming neighbors. In short: as gaming proves to be a significant driving force in digital expenditure in the country, there remains ample room for growth.

On the streaming side

Consumers throughout the three countries included in the study spent nearly USD 1.2 bn on video-on-demand services, and USD 306.7 mn on digital music streaming services. In Egypt, we spent USD 101 mn on music, and topped the video-on-demand charts with USD 602 mn. In short: we’ve been consuming quite a bit.

The implications for the Egyptian economy

It’s not just entertainment anymore, it’s an entire economic ecosystem — one that opens doors for a slew of Egyptian creatives across software development, storytelling, and digital marketing, according to Galal & Karawi Management Consulting co-founder Asem Galal. Given the 76.4% internet penetration rate and the proliferation of smartphones, Egypt’s digital gaming industry could end up in the big leagues.

Everyone can have their share of fun, too. If played right, Egypt’s video game industry could create jobs for scores of illustrators, storytellers, composers, voice actors, marketing specialists, and more talents, according to Galal. As of right now, however, it’s an industry that’s been largely untapped.

What does the future look like?

Egypt appears to be treading a rocky path. Amid rising calls for digital game bans and blocking in-game chat features, the numbers tell us that gaming actually could be the way ahead. The sheer scale of engagement with digital games opens doors for Egyptian developers to tap into what is indeed a lucrative market, capitalize on volume, and work their way up to regional or global scalability.

The booming market may also mean a change in how businesses approach their marketing strategies. With digital games now moving beyond mere functionality and into bustling virtual communities, marketers may need to rethink where they allocate their ad budgets. “Quality investment [windows] are still undercapitalized,” Orient Planet Group Managing Director Nidal Abou Zaki said. “This transformation urges media institutions to rethink conventional methods of audience engagement,” head of the Dubai Media Academy Muna Busamra added.

So, what’s missing? The study notes that despite the high growth rate — 11.5% y-o-y — the market is far from mature and needs “integrated policies and strategies.” For Egypt to level up, we’ll need to start seeing the groundwork for a revamped digital creative industry.

3

ON THE TUBE TONIGHT

Hit HBO show Industry’s fourth season is its best yet

📺 Money, money, money. When it comes to the worlds of finance, politics, and hedonism, no show does it quite like HBO’s Industry. What began with a group of young graduates navigating a toxic corporate culture has evolved into a full-on melodrama where absolutely nothing is off limits — and no one can be trusted. Season four sees the familiar set of faces up to no good, with a few fresh additions wading into the fray.

Enter Tender: The fourth season starts off on a high-note, with two new characters together after a night out. Soon enough, we come to find out that journalist Jim Dycker (Charlie Heaton) had been keeping tabs on Hayley Clay (Kiernan Shipka), an executive assistant at fintech startup Tender, in an attempt to dig up dirt on the business. Hayley soon kicks him out after he makes his motives clear, and so the gears start turning.

The focus then shifts to Harper Stern (Myha’la), who is now running her own fund. Harper is resorting to Machiavellian measures to keep clients on board, and it isn’t working out. In parallel, we meet Tender’s founders Whit Halberstram (The Handmaid Tale’s Max Minghella) and Jonah Atterbury (Kal Penn). Whit doesn’t like the direction the company is taking, and seeks to correct its course, even if it means throwing his partner under the bus. Characters’ lives — old and new — begin to intertwine in unexpected and often shocking ways, with Yasmin (Marisa Abela) and Kit Harington (Henry Muck) navigating an entirely new dynamic after marriage.

That’s all we’ll divulge for now, lest we spoil, but we think the fourth season of Industry is perhaps the best one yet. The entire cast, particularly Harrington, delivers stellar performances, and the new faces prove scene stealers from the get-go. In traditional Industry fashion, viewer discretion is advised, with this season going all-out on the explicit scenes. If you’re already caught up on the first three seasons, you’ll want to pause whatever it is you’re watching and start streaming — if you’re not caught up, we suggest you schedule a weekend binge.

WHERE TO WATCH- Industry is streaming on OSN+ with weekly episodes dropping Sundays. Watch the trailer on YouTube (watch, runtime: 2:33).

4

Sports

This weekend: Al Ahly vs. JS Kabylie + Arsenal, Chelsea, and Man City take the field

It’s the weekend, and you know the drill. We’re in for quite a few treats with several high-stakes encounters on schedule at home and beyond.

Today’s fixtures

In the Nile League, league leaders Ceramica Cleopatra take on Ghazl El Mahalla in a matchweek 17 fixture. The match kicks off at 8pm on ON Sport 1.

Also in the league:

  • Haras El Hodoud vs. Pharco — 5pm, ON Sport 1;
  • Wadi Degla vs. Al Mokawloon — 8pm, ON Sport 2.


Over in Europe, these are the matches on our radar, all kicking off at 10pm:

  • Real Betis vs. Atlético Madrid — Copa del Rey quarter-finals (MBC Shahid);
  • Atalanta vs. Juventus — Coppa Italia quarter-final (MBC Masr);
  • Strasbourg vs. Monaco — Coupe de France Round of 16 (BeIN Sports 4).

Tomorrow’s fixtures

In the CAF Champions League, MC Alger is set to host Sudan’s Al Hilal at the Ali Ammar Stadium in Algeria for a Group C, Matchday 5 clash. The Sudanese team currently tops the group, while MC Alger is trailing behind in 3rd. Both teams will take the field at 9pm on BeIN Sports 1.

Back home, Matchweek 17 continues on ON Sport:

  • Gouna vs. Modern Sport — 5pm;
  • Tala’ea El Gaish vs. Al Ittihad Al Sakandary — 8pm;
  • Petrojet vs. Enppi — 8pm.

In the Premier League, Leeds United and Nottingham Forest go head to head at 10pm on BeIN Sports 2.

Saturday’s fixtures

Al Ahly pays Algeria’s JS Kabylie a visit in a highly anticipated Matchday 5 fixture of the CAF Champions League. Their first group-stage encounter this season ended 4-1 for Al Ahly, and they’re not looking to lose this time either. The match will be broadcast on BeIN Sports 2 at 9pm.

Other Matchday 5 fixtures on our radar:

  • Power Dynamos vs. RS Berkane — 3pm;
  • Petro Atlètico vs. Simba — 6pm;
  • AS FAR vs. Young Africans — 9pm.


AND- Another Super Saturday awaits in the Premier League, with league leaders Arsenal and Sunderland facing off at 5pm on BeIN Sports 1.

Also in the Premier League:

  • Manchester United vs. Tottenham Hotspur — 2:30pm, BeIN Sports 1;
  • Burnley vs. West Ham United — 5pm, BeIN Sports 3;
  • Wolves vs. Chelsea — 5pm, BeIN Sports 6;
  • Bournemouth vs. Aston Villa — 5pm, BeIN Sports 4.

Other major European league fixtures on our radar:

  • Wolfsburg vs. Borussia Dortmund — Bundesliga, 4:30pm;
  • Barcelona vs. Mallorca — La Liga, 5:15pm;
  • Lens vs. Rennes — Ligue 1, 6pm;
  • Genoa vs. Napoli — Serie A, 7pm.

This publication is proudly sponsored by

5

Mark Your Calendar

Youssef Chahine tribute night at the French Institute

🎞️ Film buffs, this one’s for you. The French Institute of Egypt is paying tribute to Youssef Chahine in a special evening tonight in El Mounira at 6pm. Marking the legendary director’s centennial, the program features screenings of four of his classic movies. Don’t miss the chance to rediscover an icon’s legacy — entry is at no charge.

6

GO WITH THE FLOW

What the markets are doing on 5 February 2026

The EGX30 rose 0.2% at today’s close on turnover of EGP 7.9 bn (37.6% above the 90-day average). Regional investors were the sole net sellers. The index is up 18.9% YTD.

In the green: Ibnsina Pharma (+8.1%), Rameda (+4.8%), and Fawry (+2.2%).

In the red: Raya Holding (-5.3%), Beltone Holding (-3.7%), and TMG Holding (-2.4%).


🗓️ FEBRUARY

6 December – 15 February (Saturday-Sunday): Cairo Prints at Cairopolitan in Garden City.

5 February (Thursday): Youssef Chahine night at the French Institute of Egypt, El Mounira.

5 February (Thursday): Ahmed Saad at Madinaty Winter Music Festival II, Open Air Mall.

5 February (Thursday): Zarf Tarek Gedan at Heliopolis Library Theater.

5 February (Thursday): Saleh El Nawawy at Theatro Arkan.

5 February (Thursday): Redefine Flea Market at kilo 30 Ismailia Desert Rd.

5-6 February (Thursday-Friday): Umm Kulthum Musical at Drama Hall, New Capital.

5-7 February (Thursday-Saturday): The Garden Market at East View Mall, New Cairo.

6 February (Friday): Voices of the Century at the Opera Hall in New Capital.

6 February (Friday): Cairo Marathon at Heliopolis, Merryland Park.

6-7 February (Friday-Saturday): Football Access Summit at Zed Park.

7 February (Saturday): Cairo Flea Market at Ghurnata Community Space, Heliopolis.

11-15 February (Wednesday-Sunday): Animatex at AUC Tahrir Square.

12-14 February (Thursday-Saturday): The Garden Market at East View Mall, New Cairo.

12-15 February (Thursday-Sunday): Thai Food Bazaar in Zamalek.

13 February (Friday): Bryan Adams at the GEM.

14 February (Saturday): Valentine’s Special – Saad El Oud at CJC 610.

14 February (Saturday): Mina Nader at Grand Tiba Theatre.

17 February (Tuesday): First day of Ramadan (TBD).

MARCH

20 March (Friday): Eid Al-Fitr (TBD).

APRIL

2 April (Thursday): Hany Shaker at Theatro Arkan.

13 April (Monday): Sham El Nessim.

25 April (Saturday): Sinai Liberation Day.

MAY

1 May (Friday): Labor Day.

26 May (Tuesday): Arafat’s Day.

JUNE

16 June (Tuesday): Islamic New Year.

30 June (Tuesday): June 30th Revolution.

JULY

23 July (Thursday): July 23rd Revolution 1952.

AUGUST

25 August (Thursday): Prophet Muhammad’s Birthday.

OCTOBER

6 October (Tuesday): Armed Forces Day.

Now Playing
Now Playing
00:00
00:00