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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
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…
More Egyptian-Turkish cooperation ahead
Plus: Dice teams up with Italian partners for new company, Venucia becomes latest Chinese auto…
Banking
Central Bank of Egypt resumes easing cycle with 100 bps rate cuts in line with expectations
The central bank cited easing inflation and an improved outlook for its move
Majority of analysts see central bank accelerating the easing cycle today as Monetary Policy Committee meets
Good morning, folks. We close out our last workweek before welcoming Ramadan with a brisk…
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…
Majority of analysts polled by EnterpriseAM forecast rate cuts, citing the end of the central bank’s crisis management phase
Of the 11 analysts we surveyed, nine are calling for an immediate reduction in the…
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
Retail trading of government T-bills and bonds on the secondary market begins today
Hello, and a good morning to you all. As we gear up — or slow…
What the markets are doing on 15 February 2026
The EGX30 rose 3.6% at today’s close on turnover of EGP 8.4 bn (40.7% above…
What the markets are doing on 12 February 2026
The EGX30 rose 1.6% at today’s close on turnover of EGP 6.9 bn (14.6% above…
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…
Climate
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
Egypt signals an end to fire sales with USD 420 mn Gabal El Zeit exit
The government is set to announce the completion of the sale of the 580 MW…
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…
Commodities
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…
More of a toll-booth gas hub strategy
The hub role is built around our ability to reroute and export gas, even if…
Gov’t opens sugar export taps for first time in three years to drain 1 mn ton glut
The current abundance “negates any feasibility of continuing the export ban,” Federation of Egyptian Industries…
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
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…
EBRD extends EGP 1.3 bn green financing to Ibnsina Pharma
The transaction comes one year after the EBRD fully exited its equity stake in Ibnsina
Private sector gets a boost from the AfDB
PLUS- Marakez secures financing for District 5 expansion
IMF shrugs off regional tensions to hike Egypt growth forecasts
Good afternoon, friends. It’s a calm Monday, with the news cycle seemingly taking a breather.…
E-commerce
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:…
Meet our founder of the week: Kenzz’s Ahmad Atef
We wanted to build an e-commerce platform that catered to the masses — local and…
Nahdet Misr to set up USD 100 mn waste-to-energy plant?
PLUS- Evolve Investment Holding plans to launch four to five new gold investment funds in…
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
Egypt will keep electricity prices frozen through June to give CBE more room for aggressive interest rate cuts
Tariffs have stayed put since the last adjustment in August 2024
Gov’t to hold electricity prices steady to anchor inflation
Good afternoon, friends. It’s another relatively quiet day in the press. In much-welcome news, we…
Elsewedy Electric’s Iskraemeco pumps USD 20 mn into stopping Egypt’s water from going down the drain
The company is targeting a 40% market share in national water projects by 2026
Green energy use might be the thing to get your investment proposal over the line
Good morning friends, we kick off today’s issue with news that 2026 is shaping up…
Finance
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…
The pros and cons of Egypt’s new real estate investment options
Rising prices and technological innovation have created new pathways to property ownership
Hassan Allam lands USD 250 mn Afreximbank African Trade Center contract — will it unlock more funding for Egypt?
The Afreximbank African Trade Center will be the bank’s largest complex to date and will…
Pure Dive secures NBE, CIB financing for Egypt’s first chlorine tablet factory
CIB and NBE will provide over 70% of the USD 39 mn investment for the…
Fintech
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…
EIB, IFC commit USD 138 mn to RMBV, Alta Semper
PLUS- East Port Said to soon host USD 50 mn cement silo courtesy of Sky…
Food
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…
Lemongrass is JW Marriott’s best-kept secret
The ambience is more business lunch than candlelit rendezvous, but for a casual dinner where…
Does Heliopolis’ classic Italian eatery Cortigiano still hold up in 2026?
🍴 Craving a taste of nostalgia? Newly-minted dining establishments are not difficult to find anywhere…
Healthcare
Egyptian-led Oasys Health raises USD 4.6 mn to build the data backbone for mental health
Oasys represents a shift away from consumer wellness apps and toward a system that brings…
Suez Canal puts in USD 85 mn tugboat order as traffic picks up + procurement authority launches export push
PLUS: Unified Procurement Authority moves to centralize healthcare procurement
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
My Morning Routine: Mohamed Elshabrawy, CEO and co-founder of SehaTech
I believe that healthcare coverage should be mandatory — it’s not a luxury, it’s as…
Infrastructure
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…
Serenity commits EGP 5 bn to professionalizing the Egyptian afterlife
Plus: Qalaa reports 2Q earnings, EBank completes EGP 3.8 bn tourism divestment
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…
The pharma industry is renewing its push for a 10% price hike on 1k products
Good morning friends. It’s the end of a short — but eventful — workweek, and…
Hospitality + Tourism
Egypt to centralize historic hotels under Sovereign Fund of Egypt
The full plan is expected to be finalized before the end of the first half…
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…
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…
Connectivity concerns at the New Capital start to ease with regular international flight service
Air Cairo will operate six weekly flights from the New Capital to Jeddah
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
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…
EEC looks to solve freezone incentive gap to help hit USD 13 bn export target
To get there, the council is betting on a 15% annual growth rate
Global component crunch forces Egyptian mobile price hikes
In response to a 50% rise in the cost of local production inputs since the…
Xinfeng Steel eyes moves Egypt up the manufacturing value chain with USD 10 bn specialized steel complex
Included in the list of products to be produced are key sectors in the automotive…
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
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…
Egyptians embrace digital-first, health-focused food shopping -PwC
Findings from PwC’s 2025 Voice of the Consumer report
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
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
Alta Semper takes majority stake in Nature’s Rule
PE firm Alta Semper is betting on Egypt’s low-cost manufacturing to take supplement maker Nature’s…
Gourmet files to go public on the EGX
B Investments owns 53% of Gourmet
Gourmet files to go public on the EGX
B Investments owns 53% of Gourmet
Real Estate
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…
Egypt tests private sector appetite for affordable housing projects
Good morning, and a happy Wednesday to you all. The Egyptian private sector is flashing…
FinMin taps AI for real estate pricing, revamps central clearing in second tax package
The ministry is also studying a hike in the overall income tax exemption threshold to…
Amr Adib on where you should be investing this year
As the prices of gold and silver see major fluctuations, El Hekaya’s Amr Adib gave…
SMEs
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”
Meet our founders of the week: Knot Technologies’ Ahmed Abdalla and Hussein ElBendak
Knot is building its AI-native ticketing and access control infrastructure out of Egypt for a…
Sports
Al Ahly eyes top spot in Champions League clash with AS FAR
⚽ We’re in for a date with the Red Devils: Al Ahly takes on Morocco’s…
This weekend: Zamalek in the Confederation Cup + an action-packed FA Cup Saturday
⚽ The weekend kicks off with a highly anticipated clash as Barcelona faces Atlético Madrid…
Al Ahly vs. Ismaily, Zamalek vs. Smouha, and more local and global footie action
⚽ We’ve got a packed sports schedule tonight at home and abroad. On the home…
Chelsea faces Leeds while Man United takes on West Ham in tonight’s Premier League action
⚽ Matchweek 26 of the Premier League kicks off today with four fixtures. The highlight…
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
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…
Egypt sets its sights on USD 5 bn in funding and five unicorns by 2031 under newly unveiled Startup Charter
Good morning, friends. We kick off today’s issue and workweek with news that the Madbouly…
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…
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
Generosity from Canada + network quality awards for Vodafone Egypt
Plus: Vodafone Egypt gets another award for network quality
Trade + Logistics
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…
The 20-day license promise enters its final test
Good morning, folks, and a happy hump day to you all. We bring you an…
Customs overhaul aims to fix lopsided duties favoring finished imports
The proposed adjustments aim to bolster strategic sectors, including chemicals, home appliances, textiles, automotive glass,…
Bosta may soon be delivering itself to the EGX
A warm morning to you all, and welcome to another packed issue with everything from…
Transport
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…
Cabinet greenlights fresh incentives to boost hotel room capacity
PLUS- Kuwaiti investor to develop, manage, and operate a 200-feddan logistics zone in Sadat City?
Cairo-Alexandria freight railway awarded to Egyptian-French consortium
The project is scheduled for launch midway through 2026 and slated for completion in 2030