Good afternoon, ladies and gentlemen. In case you haven’t noticed, we’re already halfway through the week — so hang in there. In today’s issue, we’re taking a deep dive into one of the city’s most beloved brands, recapping last night’s Academy Awards, and recommending your next listen. But first, the news…
🌙 So, when do we eat? Maghrib prayers are at 6:04pm in the capital, and you’ll have until 4:36am tomorrow to hydrate and caffeinate ahead of fajr.
THE BIG STORY TODAY-
📍 The Finance Ministry will open subscriptions for a new tranche of its recently launched Citizen Bonds next week, with the official issuance scheduled for 15 April, the Finance Minister’s Debt Advisor Mae Adel tells EnterpriseAM. The move follows what Adel described as the “great success” of the first offering, which drew more than EGP 5 bn in subscriptions — the first coupon payment for that tranche is also due on 15 April.
The interest rate for the upcoming issuance is still being determined. “The yield for the new tranche is still being studied in light of current market conditions and interest rate levels,” Adel said, noting that the ministry is working to set a ceiling that balances retail investor demand with prevailing yields on T-bills and T-bonds in the primary market.
^^ We’ll have more on this story in tomorrow’s edition of EnterpriseAM.
THE BIG STORY ABROAD-
🌐 The global energy crisis continues to dominate the digital front pages. Oil prices remain on the rise, with Brent reaching USD 105 per barrel this morning before settling at USD 103, as of the time of publication, while WTI also surged to nearly USD 100 per barrel. US President Donald Trump called on allies to assist in reopening the Strait of Hormuz in light of the persistent disruptions to the global oil supply.
AND- EU energy ministers plan to meet today to curb surging energy costs as the European Commission drafts emergency measures to help offset rising energy bills for consumers.
^^Read more on: Bloomberg and Reuters here and here.
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** CATCH UP QUICK on the top stories from today’s EnterpriseAM:
- The government is mulling increasing its public sector wage budget past EGP 700 bn for the first time, coming in at around EGP 750 bn in the next fiscal year, versus EGP 679.1 bn in the current fiscal year;
- FinMin is set to waive all back taxes on unregistered properties or those missing from tax records in a major “goodwill” bid to expand the tax base through voluntary compliance;
- Egypt is positioning itself as a key gateway in global trade amid all the disruptions, with some of its ports witnessing a notable uptick in activity as more shipments get rerouted to avoid the now-closed Strait of Hormuz.
☀️ TOMORROW’S WEATHER- We’re in for a warmer, windier day in Cairo tomorrow, with a high of 25°C and a low of 15°C, according to our favorite weather app.




