Get EnterpriseAM daily

Available in your choice of English or Arabic

Ramadan and the reconstruction of homelands

1

WHAT WE’RE TRACKING TONIGHT

FinMin to launch “Citizen Bond” via Egypt Post on Sunday

Good afternoon, friends, and Ramadan kareem. It seems the news cycle is taking a breather — and so should you. In today’s issue, we take a look at how Cairo’s immigrants are celebrating Ramadan, and dive into our first “mosalsal” review of the season.

🍽️ So, when do we eat? Maghrib prayers are at 5:47pm in the capital, and you’ll have until 5:03am tomorrow to hydrate and caffeinate ahead of fajr.

THE BIG STORY TODAY-

📍 Gov’t to launch “Citizen Bond” via Egypt Post this Sunday: The Finance Ministry will debut its first retail-focused “Citizen Bond” (Sanad El Mowaten) for individual investors this Sunday, Finance Minister Ahmed Kouchouk announced. The 18-month, fixed-income instrument will be sold exclusively through Egypt Post’s nationwide network — a partnership Chairperson Dalia El Baz says reflects “confidence in the Post’s operational capacity.”

The details: The bond is designed as a “secure savings and investment tool with a distinctive fixed monthly return,” Kouchouk said, and will offer a net periodic return of 16-18% after taxes, a senior government source told EnterpriseAM. The source further noted that this provides a “good monthly return of 3-4%,” adding that as inflation continues to retreat, “the real return will be higher in future issuances.”

THE BIG STORY ABROAD-

🌐 It’s a relatively quiet afternoon in the business press, with this morning’s headlines still making the rounds. Meta CEO Mark Zuckerberg denied that Facebook and Instagram allow children under 13 on their platforms — despite evidence that they are a key demographic — as he testified in a landmark social media trial on Wednesday.

AND- Federal Reserve officials are keeping interest rates steady. Minutes released from the January meeting note that interest rate cuts may be more difficult to achieve due to heightening inflation.

^^Read more on Reuters and CNBC.

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

  • FinMin is preparing to roll out a sweeping package of 49 tax and customs reforms designed to catalyze capital markets and drive both foreign direct investment and portfolio inflows;
  • Development Partners International finalized their USD 190 mn minority stake investment in Fahad Khater’s Alameda Healthcare, marking the largest private equity transaction in Egypt’s healthcare sector to date;
  • Egypt is making progress in shielding its infrastructure projects from USD volatility with a new USD 200 mn concessional loan from China Exim Bank — earmarked for phase three of the light rail transit system — to be disbursed in CNY.

☀️ TOMORROW’S WEATHER- It’s another cool day in the capital, with the mercury set to peak at a high of just 21°C, with a low of 11°C, according to our favorite weather app.

2

CULTURE

Ramadan and the reconstruction of homelands

“And a scent of my alleyway, bring me.” Perhaps this line from Palestinian composer and singer Faraj Suleiman’s song Jibli Ma’ak (A Handful of Air) perfectly captures the hardships of immigrants and their unyielding desire to hold onto their homeland and carry it in a scent, a handkerchief, or a dish. In Ramadan, this longing becomes a mission, the goal of which is to use every ounce of creativity to reclaim a lost homeland and bring remnants of collective identities to Cairo’s lively Ramadan nights.

In numbers: Beyond sonic metaphors lies a considerable figure that reflects the sheer scale of the demographic shift in Egypt. Right now, immigrants and refugees in Egypt are estimated at some 9 mn, representing roughly 8.7% of the country’s population, according to a report by the International Organization for Migration. These immigrants did not come to Om El Donia empty-handed; they arrived with suitcases filled with memories, traditions, dialects, and dishes, turning Egyptian streets into a melting pot of cultures — one in which both a desire to assimilate and a resolve to maintain one’s identity intertwine.

On nostalgia, consumerism, and everything in between

There remains a desire to regain a sense of belonging to distant homelands — manifest in the simplest of things. This desire is often reflected in consumption patterns, specifically in nostalgic consumption — where consumption is less about materialism and more about a vessel through which one can connect to their roots, through food.

Small details can make the homesick feel at home. Sahar Mohammed, a Yemeni journalist living in Egypt, told EnterpriseAM that when she suggested to her mother that they go to a major retail chain to stock up for Ramadan, her mother was steadfast in her response: “We’re going to the Yemeni spice shop.”

Despite a slew of high-quality Egyptian products, visiting the Yemeni spice shop was an indisputable decision — it was an intimate ritual. The search for Bhajia spices (Yemeni falafel), niche soups, traditional legumes, or the Indian rice prevalent in the West Asian Arab country thus represented a journey whose destination was, as Suleiman put it, the scent of an alleyway from home. For Yemeni immigrants, we were told, flexibility regarding clothing or dialect may be fine, but the Yemeni kitchen? That’s a line they wouldn’t cross.

This robustness has led to a significant boom in Yemeni trade in areas where immigrants from Yemen are concentrated. It has also reshaped the social life of Yemenis; for instance, Yemeni coffee shops in El Eshreen in Faisal have transformed from spaces serving only drinks into the community’s largest social hubs — a sanctuary for those torn away from home.

On finding “wanas”

For Sudanese immigrants in Cairo, Ramadan is all about the “lamma” (gathering), a notion aptly reflected in the tradition of “bisaat” — which translates to the mat or carpet and represents an extended seating arrangement where neighborhood men gather daily in the streets to share dishes and juices with neighbors and passersby alike, Sudanese photographer Ola Ahmed tells us.

It’s a tradition similar to the Egyptian charity tables, but for Ahmed, the communal preparation rituals feel different. To bring that ritual to life, Ahmed turns his table in Cairo into a bridge for closeness, bringing together Sudanese and Egyptian friends and family to break bread (and share a few secrets from the Sudanese kitchen).

A Sudanese Ramadan would be incomplete without “El Helwu Murr” — a beverage that’s essentially a blend of ground corn, aromatic spices, and herbs, and no iftar table in Sudan can go without it. Yet due to high costs and the difficulty of obtaining the necessary ingredients in Egypt, it’s often replaced by classic Egyptian Ramadan drinks such as Tamr Hendi. For Ahmed, Egyptian Ramadan extended beyond Tamr Hendi: “We’ve started buying decorations like the Egyptians and merging into their atmosphere.”

The craving for connection is key. Speaking to EnterpriseAM, a Moroccan woman living in Cairo stated that what she’d missed most about the Holy Month was the social intimacy, which led her to accept iftar invitations from people she barely knew. “I was sitting at a lone table in a Maadi restaurant; an Egyptian family spotted me and made a kind offer for me to join them. I carried my plate and sat with them,” she told us. This heartfelt support extended to her home, where her Egyptian neighbors surprised her with a “fanoos” (Ramadan lantern) as a gift, making her feel that she was now a part of Cairo.

On reverse nostalgia

“I shared an apartment with a Palestinian youth, and we began forming a small circle of Palestinian and Syrian friends who gather in Ramadan around one table, cooking together… and longing for home together,” Yazan Emad, a Palestinian plastic surgeon who spent six Ramadans in Cairo, tells us. These moments, far from the West Bank, reshaped his experience of the Holy Month.

Today, the number of Palestinians in Egypt is smaller than other communities, making these meetings more difficult to organize, Emad tells us. Back in Nablus, Emad had an interesting feeling: he was surprised to find himself missing Ramadan in Cairo — its restless crowds and those familiar yet disparate friends who had become part of his Ramadan rituals.

This, it seems, is a feeling experienced by some who have returned to their homelands, where places no longer seem as they once were and they discover that a part of them now belongs elsewhere — a place once imagined as a pitstop.

Ramadan is a language in and of itself

Ramadan classics such as Wahawy ya Wahawy or Ramadan Gana are no longer confined to Egyptian streets, they’ve become cross-border anthems, with Levantine, Yemeni, Sudanese, and other dialects singing along. This alchemy has produced a state of cultural hybridity, where words like integration or assimilation move beyond their academic definitions to become a lived reality, manifest in the streets and on dining tables.

The influence is mutual: While migrants and refugees have been influenced by Egyptian visual identity — be it through clothing, decorations, or lanterns — Egyptian society has, in turn, embraced their culinary cultures. The sharing of food and cooking traditions is one of the most prominent and visible cultural contributions of immigrants and refugees, according to a study by the Egyptian Cabinet's Information and Decision Support Center.

… Markedly evident in Egyptians’ palates, as they increasingly embrace folk foods from Sudan, Syria, Yemen, and a slew of other homelands. The study confirms that acculturation in Egypt isn’t limited to immigrants, but extends to its people, allowing those far from home to adapt to a new way of life, without abandoning where they came from.

(** Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

3

ON THE TUBE TONIGHT

Love and betrayal take center stage in Ramadan 2026 series Sawa Sawa

📺🌙 Following the success of Mat’am El Habayeb, Ahmed Malek and Huda El Mufti return to our screens this Ramadan with Sawa Sawa. Since the series was announced, netizens buzzed with anticipation, likening the show to 80 Bako and Welad El Shams. With two episodes out, we can confidently say this is a heavy-hitting drama.

The series opens with Ibrahim (Malek) attempting to sneak into a private hospital while carrying the file of his beloved Ahlam (El Mufti). He’s on a mission to place the file in the section designated for charitable surgeries. Across from the hospital, while waiting for Ibrahim, Ahlam has a brief encounter with the hospital owner, Dr. Fawzi (Khaled Kamal), who appears suspicious from the get-go.

We soon discover that Ahlam is a cancer patient in critical condition. Because the cost of the surgery is exorbitant, she and Ibrahim search for any way to afford treatment. Adding salt to the wound, Ibrahim learns that his lifelong childhood friend, Amir (Hosny Sheta), has proposed to Ahlam, forcing Ibrahim to confront multiple threats to protect his love.

In just two episodes, Sawa Sawa proves to be a high-stakes, fast-paced series that intertwines the tragedies of poverty and illness. Love and betrayal are on the menu, and the characters remain intricate and enigmatic. Dr. Fawzi in particular caught our attention, appearing deeply complex with a violent past that suggests psychopathy — a role we’d argue Kamal has mastered. We also loved the soundtrack, which added a sharp poignancy to many scenes.

As we wait to uncover more of the story, the series offers a promising, weighty drama that transcends the rom-com expectations many might have had after Mat’am El Habayeb.

WHERE TO WATCH- Sawa Sawa is streaming on MBC Shahid. Watch the trailer on YouTube (watch, runtime: 0:57).

4

Sports

48 hours of local and European footie action

We kick off the first weekend of Ramadan with an exciting line-up of local and European footie action.

Tonight’s fixtures

Al Ahly faces El Gouna at 9:30pm tonight in Matchweek 18 of the Egyptian Premier League. The Red Giants are eyeing a victory to climb to third place in the league standings. The match will be broadcast on ON Sport 1.

Tomorrow’s fixtures

In the Nile League: Matchweek 18 action continues with four fixtures, headlined by Zamalek vs. Haras El Hodoud. The White Knights take the field buoyed by a recent victory streak as they look to close the gap with league leaders Ceramica Cleopatra to just one point. Kickoff is at 9:30pm on ON Sport 1.

Other Nile League fixtures on our radar at 9:30pm:

  • Ismaily vs. Wadi Degla;
  • Pyramids vs. Ceramica Cleopatra;
  • Ghazl El Mahalla vs. ZED FC.

In the major European leagues:

  • Athletic Bilbao vs. Elche — La Liga, 10pm;
  • Brest vs. Marseille — Ligue 1, 9:45pm;
  • Mainz vs. Hamburg — Bundesliga, 9:45pm.

Saturday’s fixtures

The Premier League returns with a packed Matchweek 27 schedule. Chelsea takes on Burnley at 5pm, and Manchester City and Newcastle face off at 9:30pm — both airing on beIN Sports 1.

Other Premier League fixtures on our radar:

  • Aston Villa vs. Leeds United — 5pm;
  • Brentford vs. Brighton — 5pm;
  • West Ham United vs. Bournemouth — 7:30pm.


Over in La Liga, league leaders Real Madrid face Osasuna in Matchweek 25. The whistle blows at 7pm and airs on beIN Sports 1.

In Ligue 1, PSG will host Metz in Matchweek 23. The match kicks off at 10:05pm on beIN Sports 2.

Other major European clashes we’ll be on the lookout for:

  • Juventus vs. Como — Serie A, 4pm;
  • Bayern Munich vs. Eintracht Frankfurt — Bundesliga, 4:30pm;
  • Lecce vs. Inter Milan — Serie A, 7pm;
  • RB Leipzig vs. Borussia Dortmund — Bundesliga, 7:30pm;
  • Atlético Madrid vs. Espanyol — La Liga, 10pm.


At home, we’ll be watching the Egypt Cup quarterfinals as Telecom Egypt takes on Enppi at 9:30pm.

This publication is proudly sponsored by

5

Mark Your Calendar

A magical night with Andrea Bocelli

🎼 Renowned Italian maestro Andrea Bocelli is landing in Egypt as part of his 2026 Romanza World Tour on Tuesday, 26 May, at the City of Arts and Culture in the New Capital. General ticket sales go live today, Thursday, 19 February. You can book your tickets through Live Nation ME.

6

GO WITH THE FLOW

What the markets are doing on 19 February 2026

The EGX30 fell 3.0% at today’s close on turnover of EGP 5.6 bn (9.7% below the 90-day average). Regional investors were the sole net sellers. The index is up 21.1% YTD.

In the green: Rameda (+2.4%).

In the red: Ibnsina Pharma (-5.4%), Raya Holding (-5.3%), and TMG Holding (-5.0%).


🗓️ FEBRUARY

19 February (Thursday): First day of Ramadan.

19 February (Thursday): General ticket sales go live for Andrea Bocelli at the New Capital.

27-28 February (Friday-Saturday): Ramadan on the Farm at Hazel Farm.

28 February - 11 March (Saturday-Wednesday): Qahrawya Iftours.

MARCH

3 March (Tuesday): Angham at Al Mashrafia tent, the Grand Egyptian Museum.

21 March (Saturday): Eid Al-Fitr.

27 March (Friday): Wegz at the PUBG Mobile anniversary carnival, the Great Pyramids of Giza.

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.

26 May (Tuesday): Andrea Bocelli at the City of Arts and Culture in the New Administrative Capital.

JUNE

16 June (Tuesday): Islamic New Year.

30 June (Tuesday): June 30th Revolution.

JULY

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

AUGUST

21 August (Friday): Black Coffee at Cubix North Coast.

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

OCTOBER

6 October (Tuesday): Armed Forces Day.

Now Playing
Now Playing
00:00
00:00