Plus: Egypt and China expand currency swap agreement to CNY 30 bn
Author Archives: enterpriseam admin
Signs that global economic growth could take a serious hit due to US-Iran war are mounting
The OECD warns of the worst slowdown in decades, barring the Covid-19 pandemic and the 2009 financial crisis, if disruptions persist
My Morning Routine: Youssef El Tawil, managing director of Scandinavian Timber Trade
“Egypt is our biggest market — it’s one of the largest consumers of wood in the world, but it doesn’t produce any locally,” El Tawil says.
2026 JUNE 30 June (Tuesday): June 30 Revolution. JULY 9 July (Thursday): Monetary Policy Committee’s fourth meeting of 2026. 23 July (Thursday): Revolution Day (TBC). AUGUST 20 August (Thursday): Monetary Policy Committee’s fifth meeting of 2026. 26 August (Wednesday): Prophet Muhammad’s birthday. SEPTEMBER 15 September (Tuesday): IMF to hold its eighth review of Egypt’s USD […]
InstaPay, Fawry in line for VAT exemptions under new draft law
Good morning, wonderful people and happy hump day. We have a meaty, debate-driven issue today, leading with news that the Industrial Development Authority (IDA) is asking parliament for an EGP 21 bn lifeline to service 17 industrial zones, but lawmakers are pushing back and demanding the authority self-finance instead. And something to cautiously watch, S&P […]
Where the grass court season begins. From 8-14 June 2026, Somabay will host one of the region’s first professional grass court tournaments as part of the ITF World Tennis Tour, welcoming international players to the Red Sea for a week of world-class competition. Set within the Soma Sports Arena, the tournament reflects Somabay’s continued rise […]
IDA seeks EGP 21 bn to fix industrial land shortage
The Industrial Development Authority is asking for EGP 21 bn to service 17 industrial zones, but lawmakers want the authority to rely on its own resources
Egypt faces potential S&P downgrade to frontier market status
S&P DJI launched a consultation to demote Egyptian equities to frontier market status over market accessibility concerns
Egypt’s investment fund industry hit EGP 411 bn in 1Q 2026, up 30% in a quarter
Money market funds still dominate at 67% of NAV, but the fastest growth is in gold and real estate funds