Egypt Edition 
UAE 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Industries
Home / Industries
Agriculture
World’s largest producer of specialty phosphorus chemicals signals Egypt mining pivot with USD 2 bn Golden Triangle hub
While Egypt holds one of the world’s largest phosphate reserves, it has historically functioned as…
Producers call for an export lifeline as chicken prices dip below cost
The EPA has submitted an urgent memo to the Agriculture Ministry calling for an immediate…
Record sugarcane yields mask a brewing financial challenge for local refiners
The gap between domestic demand for sugar and local supply is slowly disappearing
Is Egyptian Countryside’s massive EGP 25 bn power grid upgrade a signal of something even bigger?
The state-owned developer may be looking to transform itself into a master developer of an…
Automotive
Bonyan, TMG report 2025 earnings
PLUS- Egypt moves up the automotive value chain with USD 100 mn Himile factory
Why Egypt’s CEOs are opting for Chinese luxury cars over Range Rovers
From mass market to luxury — are we at a turning point when it comes…
Local assembly grew in 2025, but still lagged behind imported vehicle sales
Sales of vehicles imported whole rose 12.1 percentage points faster than those assembled locally
Abou Ghaly plans to assemble Piaggio bikes in Egypt for regional export
The two companies plan to localize the assembly of several models of the Italian brand…
Banking
CIB says it received the green light to start due diligence on HSBC Egypt’s retail franchise
CIB is not the only potential suitor for HSBC’s retail business in Egypt if the…
Egypt, GCC decouple from a West at risk of stagflation in 2026
The bank sees real GDP in Egypt projected to hit 4.5% this fiscal year
HSBC says it’s committed to commercial, investment banking in Egypt amid reports it’s inching closer to exiting retail franchise
“HSBC is very committed to Egypt as a strategic market in which we are squarely…
Central Bank of Egypt orders lenders to track high-emission clients for new green credit rules
The government is working with German development agency GIZ to finalize the compliance framework
Basic Materials
Egyptian steel faces a total export freeze to the US under hiked tariffs
A new 29.51% countervailing duty on Egyptian rebar comes on top of an existing 50%…
SCZone to welcome two new projects worth a combined USD 1.3 bn !_StoryHedWeb_! Egypt to welcome two new projects worth a combined USD 1.3 bn
We’ll also see three new cement plants up and running within a year
Al Amal is investing in crop processing facility — and a takeover bid for Zahraa Maadi gets blocked
PLUS: Titan Cement is moving upstream into waste management
Mifra to build USD 7 mn metal products factory in Ain Sokhna
The project will produce smart locks, door handles, and kitchen accessories
Capital Markets
What the markets are doing on 25 February 2026
The EGX30 fell 2.7% at today’s close on turnover of EGP 6.2 bn (1.4% below…
What the markets are doing on 24 February 2026
The EGX30 fell 0.9% at today’s close on turnover of EGP 5.9 bn (5.2% below…
Under-construction data centers tap ratings to fund AI buildup
Developers are securing investment-grade ratings to unlock new pools of capital
What the markets are doing on 23 February 2026
The EGX30 rose 2.6% at today’s close on turnover of EGP 5.7 bn (8.6% below…
Climate
Qatar’s Al Mana Holding to invest USD 15.6 mn in biodiesel plant
Plus: Petroleum Marine Services plans UAE expansion, Astra Rise taps Rotana to manage EGP 4…
Strong first-day uptake for Citizen Bond
Good morning, all. Today, we’re looking at a major shift in how the state handles…
Parliament moves to shield healthcare and research from nuclear fee hikes
Amendments create a clearer distinction between commercial nuclear ventures and public service institutions
Global AI demand drives utilities gains
Investors trimming pricey tech stocks still want exposure to AI, and regulated utilities offer a…
Commodities
Fresh capital for Nargis as Mubadala deepens Egypt play
Plus: Arcius wagers USD 150 mn on Mediterranean exploration
The Mediterranean prepares for its most aggressive drilling cycle yet
Good morning — but more importantly, kul sana wento taybeen. Kicking off today’s issue is…
Cyprus agrees to foot the entire USD 2 bn bill for the Aphrodite pipeline
Plus: Orascom Construction sees revenues and net income rise in 2025
Egyptian capital and engineering power new combined-cycle power plant in Hungary with Elsewedy Electric securing EUR 58 mn from CIB
Plus: Exxon Mobil and Qatar Energy exit North Marakia, FRA greenlights first futures brokers ahead…
Construction
Hassan Allam’s Grova Developments swaps local roots for a regional footprint in Riyadh with SAR 3.3 bn project
The project will feature more than 3k units across 228k sqm in Riyadh.
How Egypt’s first burial sector-focused developer Serenity plans to live up to its name
“Hopefully this will be a turning point for a lot of people to … remodel…
Real estate leaders argue that Egypt’s market friction is a natural cycle rather than a structural crisis
“What is happening in the market is a filtration, a correction,” Orascom Development’s Hazem Helal…
Orascom Construction shareholders approve OCI deal, but the seller can’t sign yet
The company has signaled that the transaction has effectively cleared every hurdle that matters in…
Development Finance
IFC channels USD 208 mn into green finance, SMEs, and supply chains
The package adds to nearly USD 10 bn of IFC investment in the country to…
IMF’s 25 Feb board meeting could unlock USD 2.3 bn for Egypt
Good morning, folks. In today’s packed issue, there’s little sign that the business community is…
Seventh IMF review likely pushed to late April or May
Good afternoon, friends. We have a packed issue for you today as everyone gears up…
A EUR 90 mn EU grant is coming our way to support the grid and renewable energy developments
Plus: Smoke price hikes, Madinet Masr taps Al Shorouk Construction for Sarai build-out
E-commerce
Flextock raises USD 12.6 mn, aiming to streamline MENA e-commerce logistics
The firm will use the proceeds to expand its operational footprint in Egypt and Saudi…
Banknbox and ASD Smart aim to bridge Sudan’s isolated banking apps by 2026
Plus: Schneider Electric, Zerotech, and AOI to assemble data center units locally, Breadfast raises USD…
How online-to-offline strategies are reshaping retail
What looks like a business model is actually a marketing strategy to drive footfall
The guide to getting a good bargain
💰 If there’s anything every single person on the planet can agree on, it’s this:…
Education
TMG, EEP to set up Noor City university
PLUS: Madinet Masr’s Safe Real Estate Investment Fund received final approval to begin operations
CIRA Education’s normalized net income rose 95% y-o-y in 1Q FY 2025-26
Plus: IFC extends USD 220 mn green financing to Banque Misr, Abwaab acquires Apex Education,…
Meet Tribe founder Roba El Gindy
“Tribe is the village that it takes to raise a child”
Business for Teens closes six-figure pre-seed to fuel expansion
Founder Nadeem Barakat tells us how the company plans to automate mentorship and why the…
Energy
Kemet adds 4.7 GW of new renewable energy in Upper Egypt
Plus: Bonyan locks in new tenant, eyes revenue upside
The government is wagering that a no-blackout summer is worth the sizable deficit hit
Good morning, friends. It looks like winter is here to stay after last night’s heavy…
Gov’t targets gas and renewables to secure the grid
Good afternoon, friends. We’ve got a rather brisk issue in store for you today as…
EgyptAir scales up with 12 aircrafts this year despite global supply constraints
Plus: Rawaj oversubscription signals appetite for Aspire’s fund pivot
Finance
Retail investors now have direct access to five EFG Hermes mutual funds
The move is the latest step in EFG Hermes’ push to build One into a…
Alexbank, Blu EV launch EV microfinancing, HAP’s big investment push, and Beltone’s Moroccan ticket
Plus: TotalEnergies and Nissan Egypt team up to manufacture oils, Hallan Allam Properties eyes KSA…
Sarwa Ins. becomes the first insurer to get the green light to issue and activate title ins. policies
Plus: cabinet expands subsidized loan program, China’s Guide Automotive Technology to establish EV factory, Aman…
Farmers aren’t borrowing to survive anymore — they’re investing
Medium-term loans rose more than 1k% to EGP 22.6 bn in the FY 2023-24, while…
Fintech
Bahrain’s Beban eyes Egypt launch with equity crowdfunding model
Mohamed Aboulnaga’s Foras AI raises stake as Beban seeks FRA approval
My Morning Routine: Mohamed Okasha, managing partner at Distruptech Ventures
My dream is for Disruptech to continue its scaling and growth over time, driven by…
CBE greenlights full rollout of soft POS, turning smartphones into payment terminals
Following a two-year pilot phase that had restricted contactless payment transactions to EGP 600
NowPay lands in KSA with USD 20 mn JV with Tas’heel
KSA is witnessing “accelerating demand for modern payroll, HR, and fintech infrastructure,” NowPay CEO Mostafa…
Food
What to expect from Ramadan 2026 when it comes to desserts
“[Ramadan] desserts have gotten crazier, but people have definitely adapted — I think people had…
On Ramadan and the art of gatherings with food entrepreneur Yasmine El Gharably
“The best iftars are the ones that linger, with everyone relaxed and sitting around the…
Maadi’s Don Paolo is all about great Italian food
🍴Finding a great restaurant in Maadi isn’t too hard, so we weren’t necessarily surprised when…
A feast for the eyes at Lulu’s
🍴 If the culinary scene has been missing some color, Lulu’s at New Cairo’s EDNC…
Healthcare
Egypt moves to offer up 62 hospital investment projects to private sector in major healthcare overhaul
Investment prospects include Galala Hospital, Sheikh Zayed Specialized Hospital, Agouza Hospital, and New Alamein Hospital
Gov’t goes all in on healthcare expansion with new incentives
Good afternoon, friends, and welcome to the start of another workweek. We hope you had…
DPI and Alameda seal their agreement, eyeing local and regional expansion
The funds will support Alameda’s operational expansion, investment in medical technologies, and service upgrades
General Electric eyes local radiology contrast dyes factory
Egypt currently imports all its radiology contrast agent needs, with annual consumption estimated at 2.3…
Infrastructure
Egytrans Nosco and Nafih International partner to set up 167k sqm truck management site in Ain Sokhna
The pair plan to regulate truck traffic using real-time planning and digital yard management platforms
Damietta Port to get EGP 8 bn for new grain and multipurpose terminals ahead of international management tenders
Once the projects are completed, international alliances will be invited to participate in a global…
Egypt inks USD 296.5 mn locomotive overhaul deal with Canada’s APD
The 12-year contract covers 55 locomotives currently in service and 125 out-of-operation units
Egypt taps China Exim Bank for CNY LRT loan to bypass USD overreliance
The move is part of a larger move to diversify our creditor base away from…
Hospitality + Tourism
The government is offering newly renovated Islamic Cairo for private investors
The state is moving toward repurposing heritage areas into development projects that generate sustainable economic…
Egypt moves iconic state hotels under Sovereign Fund of Egypt
Good morning friends, and happy first Friday of Ramadan. It’s been a calmer-than-usual week in…
Egypt readies Nile-front development plan to address hotel room shortage and divestment progress
The move is part of a wider plan that also includes a Nile-side financial and…
TMG taps Mandarin Oriental to operate Old Cataract and Winter Palace
The two hotels will see extensive renovations before reopening in July 2027
Law
ADSERO-Ragy Soliman & Partners taps Rehan El Bashary as partner and head of VC and startups
El Bashary brings over 16 years of experience in the venture capital landscape
Karim Azmi joins Zaki Hashem as partner
The veteran regional lawyer brings decades of experience to the firm
Foreign reserves jump to USD 51.5 bn in December
PLUS- Turkey’s AS Tekstil signed a USD 4.1 mn contract to establish a production facility…
My Morning Routine: Nermine Tahoun, founder and managing partner at Tahoun Law Firm
Tahoun exists to help investors operate in Egypt and navigate between the private sector and…
Manufacturing
Egypt plans to end credit disbursement friction with new centralized industrial fund
For companies, the bottleneck hasn’t just been the amount of subsidized credit, but the friction…
New export rules target carbon accounting for Egypt’s biggest industries
Under the new decree, exporters must now provide the GOEIC with carbon emissions reports before…
More Egyptian-Turkish cooperation ahead
Plus: Dice teams up with Italian partners for new company, Venucia becomes latest Chinese auto…
FinMin eyes EGP 250 bn funding injection for key growth sectors
Good afternoon, friends, and congratulations on making it to the weekend. It’s been a busy…
Media
Revamp of entertainment tax to spare cinema, theater from tax increases
Not everyone in the entertainment sector will be spared, with tax increases for certain types…
Meet Peace Cake’s Marwan Imam
Peace Cake is one of Egypt’s leading digital production agencies — and then some
A 75-year history of Egyptian-Iranian drama
📚 Recently published at the Cairo International Book Fair by Jusoor Publishing, Dr. Mohamed Mohsen…
The 56th edition of the Cairo International Book Fair
MARK YOUR CALENDAR- 📚 It’s time for the country’s largest book fair. The Cairo International…
Microfinance
A regulator for logistics zones, an uptick in remittances, and a Taj-branded Continental Hotel
PLUS: IEE is acquiring two smart infrastructure companies
El Sisi ratifies new Criminal Procedures Law
PLUS- Foreign Minister Badr Abdelaty met with Turkish President Recep Tayyip Erdogan in Ankara yesterday
Edge Holding to acquire 30% of Basata Microfinance
Edge will take on management duties to support Basata’s nationwide expansion
FRA extends suspension on issuing new licenses for microfinance, consumer finance players
PLUS- Beit Logistics earmarks EGP 500 mn for Safaga Logistics Center
Mining
USD rebound sends gold crashing
The gold and silver rout raised concerns over momentum-driven markets
Gold loses its luster as precious metals crash
Good afternoon, friends. It’s a quiet Monday afternoon both at home and abroad, save for…
Mining stocks are winning as AI boosts demand for metals
Demand for metals is increasingly decoupling from traditional economic cycles
Egypt to host a pan-African gold bank under MoU with Afreximbank
Good morning, friends, and happy new year. It’s been a long and busy 12 months,…
NBFS
Financial Regulatory Authority makes life and disability ins. mandatory for all customer finance loans
Consumer finance players, already battling high interest rates and inflation, must now bake ins. premiums…
Kadmar adds to Ain Sokhna’s storage capacity
PLUS- GB Lease and Factoring closes its largest securitization bond issuance yet
Valu gets regulatory green light to start operations in Jordan
Former Jordanian Investment Minister Mothanna Gharaibeh will serve as chairman of Valu Jordan
Maersk returns to the Red Sea, EFG Hermes advises on Kuwait IPO, and EBRD gives Alexbank green financing
Maersk vessels are slowly making their way back to Red Sea waters Shipping giant Maersk’s…
Outsourcing
Deloitte Innovation Hub has big investment plans for Egypt
PLUS- Almarai subsidiary Beyti inaugurated five new production lines at its Nubaria factory
39 global digital services providers look to use Egypt as their main base of operations
Offshoring export revenues have doubled from USD 2.4 bn in 2022 to USD 4.8 bn…
Foundever opens customer experience center in Luxor
PLUS- Denmark’s Scan Global Logistics launches a new head office in Cairo
BP inks MoU to drill five gas wells in the Mediterranean
PLUS- Homegrown Prime Group and Oman’s Afouq have launched an artificial intelligence and advanced technologies…
Private Equity
Private equity’s liquidity crunch persists, with USD 3.8 tn in assets still waiting for exit
Transaction and exit values rebounded in 2025, but distributions remain stuck near crisis-era lows
Beltone Holding rolls out private equity platform
The platform will be led by Beltone Venture Capital CEO Ali Mokhtar
Inside Tanmiya Capital Ventures and Egypt’s private equity market with Managing Partner Mohamed Mahgoub
TCV closed Fund II in December 2024
Admaius scores quick exit as PE deal flow picks up, selling Parkville to Adenia Partners
The transaction is Adenia’s first investment here and its largest to date
Real Estate
TMG moves up to FTSE Russel GEIS’ mid-cap segment
The upgrade comes after TMG’s market capitalization surpassed the mid-cap minimum threshold of around USD…
A viable business model would bring developers back to affordable housing
Industry leaders explain why the math no longer adds up for affordable projects — and…
Egypt’s billboard market is getting more expensive rather than significantly bigger
Real estate made up a 65% share of total market spend during the year
El Kilany wraps up tax reform package before planned exit
Plus: Al Futtaim Real Estate appointed Ahmed El Halawany as managing director of its Egypt…
SMEs
How homegrown brands are reimagining Egyptian footwear production
Homegrown brands like Sole22 and Twin Flame are reimagining Egypt’s footwear sector by bridging the…
CBE cuts SME default grace period to 90 days
The decision came into effect this month
How Trink Global is redefining group travel in Egypt
Trink is built on a philosophy that travel should be an immersive, transformative experience
Leadership with: Peace Cake’s Kareem Abou Gamrah
“In our line of business, you build people, not products”
Sports
Real Madrid and Paris Saint-Germain take the field
⚽ The UEFA Champions League playoff second-leg matches continue today with four fixtures, headlined by…
Zamalek, Pyramids, and Ceramica Cleopatra vie for Nile League lead
⚽ The race to top the Nile League scoreboard heats up tonight with a series…
Al Ahly takes the field + Manchester United in the Premier League
⚽ Al Ahly is preparing to face Smouha at the Borg El Arab Stadium in…
A North London derby with Arsenal and Tottenham Hotspur headlining tonight’s Premier League action
⚽ The week is off to an exciting start with a lineup of fixtures across…
Tech
MENA AI funding hits USD 858 mn in 2025, led by the UAE and Saudi Arabia
AI-native firms secured USD 589 mn, amounting to 69% of all AI funding
Tatweer Masr to put EGP 50 bn into Sokhna’s shift into a year-round business hub
PLUS- Tactful AI secures USD 1 mn in pre-Series A round and eyes Series A…
The Egypt Startup Charter introduces USD 1 bn unified financing push to catalyze venture capital inflows
The roadmap aims to enable 5k startups and cultivate five homegrown unicorns over the next…
Egypt builds new funding stack as mature startups pivot from equity to institutional debt
Egypt secured over USD 595 mn in venture funding last year, ranking third on the…
Telecoms
Sawiris Foundation aims to equip 100k Egyptians with digital skills
The Sawiris Foundation for Social Development is looking to equip over 100k young Egyptians with…
Global component crunch forces Egyptian mobile price hikes
In response to a 50% rise in the cost of local production inputs since the…
Egypt follows Australia’s lead in the war on underage scrolling
The House announced earlier this week that it will develop legislation to “put an end…
Gov’t mulls relief measures following expat backlash over scrapped mobile phone import exemptions
The proposals include a one-phone quota annually and airport installment plans for customs fees
Trade + Logistics
I New state strategy links export incentives to measurable results
Good morning, wonderful people. In today’s issue of EnterpriseAM, we bring you news that the…
Egypt targets 16% tax-to-GDP ratio with sweeping new reform package
The government is looking to boost tax revenues by 1-2% of GDP
Allianz Trade upgrades country risk, citing the end of the liquidity crisis despite ongoing business-as-usual risks
A more favorable D3 rating should persuade some global trade credit insurers to loosen limits…
Suez Canal uncertainty claims its first major infrastructure casualty
Good morning, friends, and a happy Thursday to you all. Closing out this week’s set…
Transport
Alexandria Metro works begin as ministry eyes New Abu Qir high-speed rail link
The Institute for Transport and Development Policy’s consulting arm LGIT will serve as advisor for…
Transport Ministry preps tender for USD 380 mn Semla-Salloum Railway
A connection onward to Libya could also be in the works, we’re told
More Chinese car assembly, Elmarakby’s EGP 1 bn vertical play, and Turkish denim lands in SCZone
It’s a good morning for manufacturing in Egypt…
Maridive Offshore Projects lands USD 10.2 mn Qatari contract
PLUS- Beltone Holding mulls acquiring a UAE-based company owned by a Chimera Investment sister company