Banque du Caire opens its IPO books, with room to grow to 45%
House extends Saudi session | Misr Life pushed to December | Almost done, Fund
Monday, 19 October 2026
Starting now
Today's big story: Banque du Caire’s IPO subscription opened today following approval of its prospectus by the FRA. Institutional bidding runs through 23 October, retail orders close 28 October, and trading on the EGX is scheduled for November once the final price is announced on 26 October.

Today at a Glance
Making It
A different kind of stamina: AI and law with Lamyaa Gadelhak
Will AI eventually replace lawyers?
On this episode of…
Investment Watch
M&A Watch
Explore EnterpriseAM for your industry
A close look at key activities driving headlines across industries
Privatization Watch
Banque du Caire opens its IPO books at EGP 4.82-5.30 a share, with room to grow to 45%
The state-owned lender could raise up to EGP 36.4 bn,…
Egypt, Russia discuss simplifying trade procedures and advancing a bilateral free trade agreement
Good morning, wonderful people. A nearly final draft of the agenda is live for our upcoming EnterpriseAM Egypt Forum. We’ll be discussing…
Newsmakers
Coffee with Jon Rokk on Valmore’s hard-currency turn
Rokk talks to us about funding UK and Saudi expansion with Egyptian exits and what three uninterrupted months of gas supply…
My Morning Routine
EGX bags two AFCM awards for 2025 trading activity
The bourse was recognized for having the highest average daily traded value and trading volume among Arab exchanges…
Spotlight
Regulation
Legislation Watch
Parliament moves to shield healthcare and research from nuclear fee hikes
Amendments create a clearer distinction between commercial nuclear ventures and…
Regulation Watch
FRA is pushing credit ins. pricing onto actuarial footing with new underwriting rulebook
Insurers will have six months to comply with the new…
Cabinet Watch
Garghoub is now a Special Economic Zone — here is what that means for investors
Plus: A major overhaul at GOEIC to slash customs times
Ittihadiya
Sisi inaugurates Octagon, unveils comprehensive economic program
El Sisi gave us a glimpse into Egypt’s post-IMF future
Startup Watch
MENA startups set a mega-round record in 3Q as the early-stage deal base thinned 45%
Three Gulf fintech rounds carried the quarter
Meet our Founder of the Month: Olimi AI’s Shaden El Olimi
🤖 OUR FOUNDER OF THE MONTH — Every month, Founder of the Month looks…
Meet Egyptian 3D concrete printing company Layn’s Zeyad Zein
🏗️ OUR FOUNDER OF THE MONTH — Every month, Founder of the Month looks…
Industries
Banking
Pickalbatros closes USD 250 mn sustainability-linked package from IFC, Attijariwafa for Morocco expansion
The Egyptian group now runs nine hotels and more than…
Finance
Investors turn on the debt behind the AI build-out
A widening gap between what data centers cost and what…
Capital Markets
EGX30 gained 2.79% in 3Q, but September gave back most of its July-August run, with mid-caps falling the hardest
Small- and mid-cap indices widened their lead over the benchmark…
Fintech
How Balad connects global remittances to home
The Cairo-based fintech provides the infrastructure connecting international remittance companies…
Climate
Egypt wants private developers to build most of its new power. Here’s how that business works
Inside the IPP renaissance
Automotive
August auto sales slow to 5.6% as trucks stall and imports pull ahead
Passenger cars carried the month while trucks fell and imported…
Commodities
Wheat dodged Hormuz, but summer crops face the input crunch
Analysts agree this season’s wheat is secure, but differ on…
Tech
Why EGX stocks are going under the IPO wave
Fund managers are releasing liquidity for ongoing and future IPOs,…
Energy
Elsewedy JV signs a USD 2.2 bn EPC contract for Saudi Arabia’s Rabigh 2 expansion
Elsewedy and China’s Sinohydro will build the 2.3 GW gas-fired…
Infrastructure
Egyptian contractors eye Jordan’s grid upgrade as Cairo and Amman plan to quadruple their power link
A USD 45 mn Aqaba substation is first in line,…
Manufacturing
Egypt is building the transition's equipment from the outside in
Egypt is climbing the manufacturing ladder — wafers, cells, battery…
Mining
> Why European central banks are relocating gold reserves out of North America
The Dutch and French central banks have tapped London to…
Sunday, 18 October 2026
Good afternoon, friends,
it’s an exciting day at EnterpriseHQ as we introduce you to the new EnterprisePM.
Made in Egypt launches in today’s issue, the first installment of a three-week special series on the wave of homegrown consumer brands that have reshaped Egyptian retail since 2022. Today’s anchor piece asks how the devaluation built a consumer brand industry and whether the industry will survive an EGP recovery. We’ve spent months reporting on the founders, factories, and infrastructure behind the shift.

Today at a Glance
Friday, 16 October 2026
☀️ Good morning, ladies and gentlemen,
and happy weekend. This month’s Long View looks at what it costs to take a public stance on Palestine in the entertainment industry, using Macklemore’s removal from Ed Sheeran’s tour as the starting point.
Elsewhere: We also have A Few Good Men for your Friday night — still one of Hollywood’s sharpest courtroom dramas three decades on — along with a new breakfast spot in New Cairo that found us before we found it, and a podcast about the design decisions behind everything we take for granted.

