Good morning, all. We’re two days away from the long-awaited Eid break, but the end-of-Ramadan news slowdown is nowhere to be found as we continue to cope with the fallout of the regional war. In today’s issue: Hot money is slowly making its way back to Egypt after a heavy sell-off triggered by the war, […]
Author Archives: enterpriseam admin
Art. Sound. Movement. This month, Somabay welcomes NoArt for a night where sound, art, and energy converge by the Red Sea. With a global lineup featuring ANOTR, Bella, Chloé Caillet, Chris Stussy, Job Jobse, Palms Trax, and Misty, the Bay transforms into an open-air stage where music moves freely from sunset into the night. A […]
EGP finds footing as foreign investors stage a return to Egypt’s primary debt market
Foreign outflows in the secondary market slowed to just USD 11.4 mn on Monday
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 special rewards for companies that bring advanced tech into the market
Finance Ministry to launch new Citizen Bonds tranche next week
“The yield for the new tranche is still being studied in light of current market conditions and interest rate levels,” Finance Ministry Debt Advisor Mae Adel tells us
Fitch Ratings says Egyptian banks are well armed to weather Iran conflict fallout
Banks entered the current crisis in a much stronger position than during the early stages of the Russian invasion of Ukraine in 2022
Gov’t slashes factory pre-lease wait to one year in bid to revive idle production lines
Companies looking to sell their factories outright will still have to wait three years, with the Industry Ministry wary of the risk of disguised sales