Get EnterpriseAM daily

Available in your choice of English or Arabic

AD Ports to set up an industrial and logistics zone in Port Said

1

What We're Tracking Today

FinMin mulls three-month deadline extension for pre-2020 tax dispute requests

Good morning, all. After a slower start to the week, the newsflow is back in full swing. Logistics leads today’s issue after AD Ports inked an agreement to set up an industrial and logistics zone in East Port Said. We also have news of what went down at the Egyptian-Moroccan Investment Forum and the latest net foreign assets figure.

PSA-

WEATHER- Cairo is in for another sunny day, with a high of 28°C and a low of 18°C, according to our favorite weather app.

It’s a little cooler in Alexandria, with a high of 26°C and a low of 16°C.

** DID YOU KNOW that we cover Saudi Arabia and the UAE?

** Were you forwarded this email? Tap or click here to get your own copy delivered every weekday before 7am Cairo time — without charge.

ICYMI- Missed this week’s Inside Industry? In our weekly vertical exploring all things industry and manufacturing, we looked at how the government and private sector are increasingly focusing on accreditation as a key tool to enter local markets and expand abroad. Check out the story here.

WATCH THIS SPACE-

The Finance Ministry is looking into extending its 12 May deadline for pre-2020 tax dispute requests by three months, a government source told EnterpriseAM. The extension request is currently under review by the ministry, which is looking to ensure that taxable entities receive the maximum amount of benefits from the government’s new tax facilities, the source said.

REMEMBER- The Finance Ministry is rolling out measures to make it more attractive for businesses to settle disputes dating to before 2020, including by paying a fixed percentage of taxes owed. Businesses will be able to make those payments in four installments over a 12-month period without paying late fees or additional interest charges. This comes as part of a larger push by the Finance Ministry to widen the tax base.

DATA POINT-

A record debt issuance target for 4Q FY 2024-25? The Central Bank of Egypt has plans to issue a record EGP 2.2 tn in t-bills and bonds during the fourth quarter of the current fiscal year, marking a 9.7% q-o-q increase, to help cover the budget deficit, Asharq Business reports. Around 88% of the issuances — roughly EGP 1.9 tn — will be short-term debt.

HAPPENING TOMORROW-

Can non-oil private sector activity bounce back? S&P Global will release Egypt’s PMI data for April tomorrow — the first such release since Trump's sweeping US tariff hikes. The country’s PMI slipped back intocontraction territory in March after two months of modest growth, dragged down by weakening demand and slower output. With Trump’s tariffs beginning to ripple through global markets, April’s data will shed light on how it all has impacted Egypt’s private sector.

CIRCLE YOUR CALENDAR-

Mark your calendars for the 2025 Pan Arab Junior and Ladies Golf Championship, taking place in Cairo between 7-10 May at Madinaty and Katameya Dunes. The tournament is open to players from members of the Arab Golf Federation across multiple age groups and includes a ladies’ category. The event will be open to spectators with a golf festival and other activities to draw in new audiences.

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

THE BIG STORY ABROAD-

It’s a quiet day in the global press, with no one story dominating the headlines.

A missile fired by Yemen’s Houthis landed near Israel’s main international airport, causing injuries and disrupting flights after defense systems failed to interrupt the attack. The group has ramped up its missile attacks recently in response to a blockade on Gaza that saw no food, fuel or medicine enter the enclave for more than 60 days.

PM Netanyahu vowed an extensive response to the Houthi attack, coinciding with wider plans by the military to call up thousands of reservists and “go deeper” into Gaza. Meanwhile, US President Trump said that Iran will be held responsible for any further attack by the militant group.

ALSO WORTH READING THIS MORNING-

  • The New York Times explores how Warren Buffett changed the way investors think.
  • The Financial Times reports Chinese exporters are shipping their goods via third countries to avoid US tariffs.
  • Semafor unpacks the “Trump effect” bolstering incumbent parties in elections all over the world, from Canada to Australia to Singapore.

*** It’s Blackboard day: We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed.

In today’s issue: We look at plans to launch 12 new national universities across governorates in the 2025-2026 academic year, bringing the total number of national universities to 32.

Somabay Sports Arena steps up as a leading sports destination by welcoming new partnership with S Tennis Academy and expanding its partnership with Oneflow to manage Football Courts and the Aquatics Center. With global training camps, elite facilities, and stunning surroundings, Somabay continues to shape the future of sports tourism on the Red Sea.

2

Logistics

AD Ports signs 50-year agreement to develop Kezad East Port Said Zone

AD Ports to set up industrial and logistics park in East Port Said: Abu Dhabi wealth fund ADQ-owned AD Ports Group has inked a 50-year renewable usufruct agreement with the Suez Canal Economic Zone (SCZone) to develop and operate an industrial and logistics zone spanning 20 sq km in East Port Said, according to a cabinet statement and another from the logistics player.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

The details: AD Ports will develop, construct, finance, operate, and manage the zone — dubbed Kezad — in phases. The first phase will span 2.8 sq km and include a 1.5 km quay that could eventually host a multipurpose cargo terminal, construction on the phase will kick off by the end of the year and should be completed within three years. Neither statements provided any details on the subsequent phases.

While the total cost of the project is yet to be disclosed, AD Ports said it has earmarked USD 120 mn for technical and market studies and infrastructure development for the first phase.

More development with Hassan Allam Holding: “The development of phase 1 will be anchored by key potential clients and partners, including one of the region’s foremost construction and development groups, Hassan Allam Holding,” the AD Ports statement read. AD Ports and Hassan Allam Holding also inked an MoU to “develop and invest in the industrial zone and explore other projects.”

What they said: “KEZAD East Port Said is a milestone that highlights the strong economic relations between the UAE and Egypt. In line with the vision of our wise leadership, this strategic cooperation is another sign of our Group’s growing focus on Egypt, where we continue to enhance and develop our integrated trade, transport, and industrial ecosystem, offering clients unparalleled end-to-end solutions and services,” AD Ports CEO Mohamed Juma Al Shamisi said.

AD Ports loves Egypt: Last year, AD Ports inked two 30-year concession agreements with the SCZone to develop, manage, and operate a roll-on, roll-off ship terminal and a cruise terminal in Ain Sokhna Port. And more recently, the group inked an MoU with the Transport Ministry to explore joint development and operations of a 1.1 sq km integrated logistics park in Alexandria Port.

This publication is proudly sponsored by

3

Trade

Boosting trade, investment takes center stage at the Egyptian-Moroccan Investment Forum

More efforts to rebalance trade relations between Egypt and Morocco: Egypt and Morocco agreed to boost investment, facilitate trade flows, and work toward a unified presence in African markets. This came during a meeting between Investment Minister Hassan El Khatib and the Moroccan Secretary of State for Foreign Trade Omar Hajira in Cairo yesterday.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

Both ministers stressed the need to increase trade volumes and rebalance the trade relationship, with El Khatib describing trade and investment as “pillars of the region’s economic future.” Hajira welcomed Egypt’s proposals and formally invited El Khatib to visit Rabat to continue talks. The pair also discussed drafting an MoU to provide an institutional framework for cooperation.

Priority sectors highlighted: El Khatib highlighted the importance of the two nations working together on joint market entry strategies, particularly for the textiles, agriculture, and pharma sectors.

We knew this was coming: Last month, two government sources told us that Egypt is preparing to receive a Moroccan government delegation within weeks to continue talks on resolving a trade imbalance between the two countries.

REFRESHER- This comes following a recent flare-up in trade tensions that spurred on efforts to rebalance the lopsided trade relationship between the two countries in favor of Egypt. In February, Morocco held up some 150 containers of Egyptian goods in Moroccan ports in an attempt to rebalance the two countries' trade relationship.

Hajira was in town for the Egyptian-Moroccan Investment Forum, which was held yesterday in Cairo under the theme “A Promising Economic Partnership,” according to a separate statement. The forum brought together officials and businessmen from both sides and gave them the chance to set the stage for a new phase of cooperation.

Trade between the two countries remains below potential, El Khatib said at the forum, adding that Egypt is committed to removing any obstacles facing Moroccan exporters. Hajira echoed the sentiment, noting that Moroccan exports to Egypt represent just 6% of the USD 1 bn in annual trade volume between the two countries, Asharq Business writes. “Global trade shifts are pushing both countries toward integration rather than competition,” he added.

Morocco eyes USD 100 mn in exports to Egypt in 2025: The Egyptian-Moroccan Business Council is targeting a rise in Cairo-bound Moroccan exports to USD 100 mn this year, council head Nizar Abu Ismail told the news outlet. “Today’s talks focused on Morocco’s request to grow exports to Egypt as much as possible,” said Ismail Abdel Aziz, head of the Egyptian-Moroccan Businessmen’s Association.

Cars are the priority for Rabat: The Moroccan delegation stressed its intent to ramp up vehicle exports to Egypt,” Abdel Aziz said. Morocco — Africa’s top car exporter and Europe’s biggest supplier of internal combustion engine vehicles — now seeks to export 1k cars to Egypt in 2025, he said.

And there are already Rabat-bound Egyptian investments in the works: Three Egyptian factories are currently under construction in Morocco with combined investments of around USD 100 mn, Abdel Aziz said. The projects span furniture, sanitary ware, and modern irrigation systems.

And there’s more where that came from: Egypt could invest an additional USD 400 mn in Morocco in the coming period, with companies eyeing sectors including tourism and food industries, according to Ali Tazi, the Moroccan co-chair of the business council. On the other side, Moroccan companies are looking into potential investments in Egypt’s service, food, and wood manufacturing sectors, drawn by Egypt’s position as a gateway to East Africa and the Middle East, Tazi said.

An Egypt-Morocco logistics link? Economic integration starts with logistics, Federation of Egyptian Chambers of Commerce Chair Ahmed El Wakil said during the forum, revealing plans to launch a direct maritime line between Egypt and Morocco until the reopening of the International Coastal Road.

4

Trade

Revamped export subsidy program to double rates across the board

More on the updated export subsidy program: The government is preparing to unveil a revamped export subsidy program that will roughly double support rates across all sectors, introduce new incentives for branded exports, and prioritize higher value-added sectors, two sources with knowledge of the matter told EnterpriseAM. The framework — discussed with export councils in mid-April — is expected to be formally announced soon, come into effect at the start of the new fiscal year on 1 July, and run through 2028.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

The breakdown: Baseline subsidy rates will rise to 5-6% in the upcoming fiscal year, up from around 3% for the engineering, pharma, and chemicals sectors, while rates for other sectors will roughly double from their current levels. Companies exporting under Egyptian brand names will also receive an additional 2%, with earmarked support for registering trademarks abroad and entering new markets for the first time.

IN CONTEXT- Facing budget constraints, the government slashed export subsidy rates by upto 70% across all sectors this fiscal year. The new fiscal year will see the launch of a revamped program with a significantly larger allocation of EGP 44.5 bn, according to the draft state budget.

Priority sectors: The government will place particular emphasis on supporting the engineering, pharma, and chemical industries under the new scheme. Other sectors will remain eligible, though at varying support rates. Exporters operating in specialized industrial zones could also be in for preferential terms.

Local content requirements will be left unchanged for now: The local content requirement will remain at 35%, rather than the 40% threshold originally proposed by the export councils, to prevent a large number of companies from falling out of eligibility, the sources said. The government is studying a gradual increase in the coming years as part of a longer-term plan to raise the value-added of Egyptian exports.

And exporters can keep their USD proceeds: The revamped program scraps the requirement that exporters give up 50% of their USD proceeds, the sources said, adding that export councils have been lobbying for the removal of this requirement to improve liquidity and competitiveness.

Calls for clarity and quicker payments: The Engineering Industries Export Council has proposed rolling out a simplified version of the program with clear and fixed contribution rates, council head Sherif El Sayad told EnterpriseAM. “It’s a good step,” he said of the new 5-6% range — double the current rate — “but what would truly satisfy us is reaching an 8% minimum support rate.”

The council is also pushing for subsidy disbursements to be made within a maximum of three months and in cash to accelerate working capital cycles, according to El Sayad. It has urged the government to avoid any surprise deductions from subsidy entitlements, warning that exporters operate on slim margins.

Africa gets special attention: The updated framework will provide additional support for exports to African markets, particularly through enhanced shipping and logistics incentives, the sources added — part of Egypt’s wider push to establish itself as a continental trade hub.

5

Banking

Egypt’s net foreign assets increase for the third month running, recording USD 15.4 bn in March

Net foreign assets in Egypt’s banking sector increased for the third consecutive month, coming at USD 15.04 bn in March, up c. 47.5% from February’s USD 10.2 bn, according to data (pdf) from the Central Bank of Egypt. The jump extends a rebound that came following a sharp three-month downturn during which net foreign assets fell to just USD 5.2 bn in December from USD 10.3 bn in September — a period marked by seasonal FX pressures and heightened USD demand.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

Commercial banks recorded their first surplus since August —- their net foreign assets came in at USD 2.5 bn in March, up from February’s USD 1.9 bn deficit. The improvement came as foreign assets continued increasing to USD 30.6 bn, while foreign liabilities remained flat at USD 28.1 bn.

The central bank recorded a net foreign asset surplus of USD 12.5 bn in March — an uptick from February’s USD 12.1 bn. Foreign assets inched up to USD 46.4 bn up from USD 46 bn the month before, while foreign liabilities saw a slight dip to USD 33.8 bn in March, from USD 33.9 bn a month earlier.

Surpassing last year’s peak: March’s figure surpass the 2024 high of USD 14.3 bn recorded last May — the May peak marked the first time that net foreign assets recorded a surplus in over two years, which followed the receipt of the second and final tranche of the USD 35 bn Ras El Hekma agreement bringing in some USD 14 bn of fresh inflows. Prior to that, the country had been in a sustained deficit since February 2022, when Russia’s invasion of Ukraine triggered capital outflows of around USD 20 bn.

6

Commodities

Egypt wants to buy 8.5 mn tons of wheat in FY 2025-26

The government plans to purchase 8.5 mn tons of wheat in the upcoming fiscal year, split between local and imported supply, a government source told EnterpriseAM. That’s around 300k tons more than FY 2024-2025 as the state looks to ensure sufficient bread availability under its subsidized bread program.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

What’s the sourcing strategy? Around 3-3.5 mn tons will come from local farmers, who are barred from selling their harvest before meeting state quotas. The remaining 5 mn tons will be imported through international contracts, the source said.

REMEMBER- The Madbouly government recently announced that it will increase its payment for local wheat to EGP 2.2k per ardeb of wheat during the upcoming harvest season, up from EGP 2k.

Bread prices will stay put even though the cost of producing subsidized bread is expected to reach EGP 125 bn in FY 2025-2026, up from EGP 90 bn this year, according to a government document seen by EnterpriseAM. The Finance Ministry has allocated EGP 124.3 bn for bread subsidies in next fiscal year’s draft budget, up from EGP 97.7 bn.

The increase comes as the government raises its projected wheat import price to USD280 per ton, up from USD 240 this year. To cushion against further price shocks, the draft budget sets aside EGP 44 bn for subsidized commodity costs — more than four times the EGP 10 bn earmarked in the current fiscal year.

There are also new wheat suppliers on the radar, with Egypt reviewing import requests from Pakistan and Mexico as it looks to expand beyond its 22 approved wheat origins, Central Administration of Agricultural Quarantine head Mohamed El Mansi told Enterprise AM. The new sources are being vetted for food safety and soil impact.

DATA POINT- Egypt imported 14.4 mn tons of wheat in 2024, mostly split between the government and private buyers. Around 12 mn tons came from just two countries — Russia and Ukraine — with the rest sourced from seven other origins.

7

EARNINGS WATCH

Abu Qir Fertilizers’ net income drops 35.5% y-o-y in 9M FY 2024-25

Abu Qir Fertilizers saw its net income dip 35.5% y-o-y to EGP 7.8 bn in the first nine months of the fiscal year 2024-2025, according to the EGX-listed company’s latest financials (pdf). The company attributed the decline in net income to lower FX gains following the EGP float in March of last year, as well as a decline in investment income distribution from Alexandria Fertilizers Company and Helwan Fertilizers Company compared to the same period in the last fiscal year.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

The company’s revenues for the period increased 20.3% y-o-y to reach EGP 16.9 bn, while operating profits rose by EGP 752.2 mn and income tax decreased by EGP 1.1 bn compared to the same period last year.

ALSO- Abu Qir Fertilizers’ board approved launching Khaleej AbuQir for Agri-Nutrient as a private freezone company with USD 100 mn in authorized capital and USD 5 mn in paid-in capital. The board also approved merging North AbuQir for Agri-Nutrient with it. The board also greenlit the liquidation of Global Company for Methanol and its Derivatives and to buy back shares from shareholders.

8

Moves

Al Ahly Pharos taps Hany Genena as head of research

Al Ahly Pharos has appointed Hany Genena (LinkedIn) as head of research, the firm announced yesterday. Genena brings more than two decades of experience to the role, having previously held senior roles at CI Asset Management, Beltone Financial, and Cairo Capital, and served as assistant sub-governor at the Central Bank of Egypt.

9

LAST NIGHT’S TALK SHOWS

The Old Rent Law remains the hot topic on the airwaves

The Old Rent Law was once again the main talking point on the airwaves last night after the House kicked off discussions over proposed amendments to the legislation.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

No one is getting evicted: There is “no truth” to the rumors that tenants will be kicked out of their homes under the proposed amendments to the Old Rent Law, MP Amr Darwish said during a phone-in on Al Youm (watch, runtime: 3:38)

Gov’t to provide alternative housing: Kelma Akhira’s Lamees El Hadidi highlighted the Housing Minister’s pledge to make alternative housing available for tenants impacted by the new law (watch, runtime: 1:21).

ALSO ON THE AIRWAVES- Head of the Suez Canal Economic Zone Walid Gamal El Din virtually joined El Hadidi (watch, runtime: 8:32) to discuss AD Port’s plans to develop East Port Said Industrial Zone under a newly-signed agreement. The Emirati firm will pay the government 15% of its annual revenues from the project in return for the usufruct rights to the area, he said. We have the project details in the news well, above.

10

Also on our Radar

Egypt’s Redcon Construction has plans to expand its presence regionally

REAL ESTATE-

Redcon Construction is expanding its presence in Saudi Arabia and Iraq, with the company taking part in Saudi Arabia’s Amaala tourism development on the Red Sea and collaborating with the Sawiris-owned Ora Developers on its Ali Al Wardi New City project in Baghdad, Chairman Tarek El Gamal told Cairo Weekend’s Zeina Soufan (watch, runtime: 11:33).

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

The local construction company is also planning to enter the UAE, where it has already secured projects in Abu Dhabi’s industrial zone. Also in the cards is a collaboration with Ras El Hekma lead developer Modon Holding.

ENERGY-

Egypt plans to resume imports of 12 mn barrels of crude oil annually from Iraq starting 3Q 2025, following a year-and-a-half halt on imports, an unnamed government official told Asharq Business. The move comes after financial disagreements led to the Iraqi Oil Marketing Company (Somo) halting the supply of crude oil to the Egyptian General Petroleum Corporation (EGPC) at the end of 2023.

Negotiations to “resolve disputes related to opening credit” to supply Iraqi oil are in their final stages, the official added. The negotiations also reportedly cover “granting favorable terms to the EGPC, whereby Baghdad will receive payment for shipments delivered to Egypt three months after delivery.”

FINTECH-

#1- Klivvr secures the greenlight to launch BNPL services: Fintech player Klivvr secured final approval from the Financial Regulatory Authority to launch buy-now-pay-later products on the company’s app, the company announced yesterday. The fintech outfit secured the FRA’s approval to establish a consumer finance company in December.


#2- Fawry and Microsoft are partnering up to push the SME sector’s digital transformation by integrating Microsoft 365 into Fawry Business services, according to a joint statement (pdf). “This collaboration is set to revolutionize the SME landscape by offering an integrated suite of digital and financial solutions, enhancing efficiency and supporting business growth,” the statement read.

INVESTMENT-

Ashry Steel Group is eyeing up to EGP 10 bn in investment to expand its production capacity to 4 mn tons over the next two years, Chairman Ayman El Ashry told Asharq Business. Studies for a Saudi project in partnership with a Saudi partner will be wrapped up in the next few months, he added.

11

PLANET FINANCE

Supporters of Lebanon’s IMF-backed banking sector reforms face media war

Fierce backlash is mounting in Lebanon against IMF-sponsored banking sector reforms, with civil society groups, independent media, and reformist policymakers allegedly being targeted in what the IMF says is a coordinated campaign that would undermine progress on financial and political changes, the Financial Times writes. The alleged smear campaign — reportedly promulgated by some in the banking sector, according to media watchdog Samir Kassir Foundation head Ayman Mhanna — is the result of mounting pressure on the newly formed Lebanese government to enact long-delayed reforms aimed at restructuring the banking sector and unlocking an IMF rescue package.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

What’s behind the backlash? The IMF’s conditions — which include lifting banking secrecy, restructuring the financial system, and addressing more than USD 70 bn in post-crisis losses since 2019 — would force banks and their political allies to disclose sensitive financial data and shoulder a portion of the losses.

Despite the coordinated pressure, the Lebanese parliament was able to amend the country’s banking secrecy law to allow broader access to historical financial records. Prime Minister Nawaf Salam hailed the move as a “necessary step towards the desired economic reform” and essential to “holding perpetrators accountable.” The law allows authorities to access records going back up to a decade — a clause that some legacy interests have strongly opposed.

More battles ahead: A draft banking sector restructuring law has been approved by the cabinet and is now under discussion in parliament’s finance committee, though legislation on how to distribute financial losses — and how to repay depositors — has yet to be agreed. The secretary-general of the Association of Banks in Lebanon said the sector wants “a realistic balance between financial reform and the protection of depositors’ rights.”

EGX30

32,352

+0.7% (YTD: +8.8%)

USD (CBE)

Buy 50.65

Sell 50.78

USD (CIB)

Buy 50.67

Sell 50.77

Interest rates (CBE)

25.00% deposit

26.00% lending

Tadawul

11,412

-1.1% (YTD: -5.2%)

ADX

9,579

+0.2% (YTD: +1.7%)

DFM

5,291

+0.4% (YTD: +2.6%)

S&P 500

5,687

+1.5% (YTD: -3.3%)

FTSE 100

8,596

+1.2% (YTD: +5.2%)

Euro Stoxx 50

5,285

+2.4% (YTD: +8.0%)

Brent crude

USD 61.29

-1.4%

Natural gas (Nymex)

USD 3.63

+4.3%

Gold

USD 3,243

+0.7%

BTC

USD 95,671

-0.6% (YTD: +2.2%)

S&P Egypt Sovereign Bond Index

EGP 861.9

+0.1% (YTD: +10.8%)

S&P MENA Bond & Sukuk

USD 144.7

-0.2% (YTD: +2.7%)

Dow

VIX (Volatility Index)

USD 22.7

-7.8% (YTD: +30.7%)

THE CLOSING BELL-

The EGX30 rose 0.7% at yesterday’s close on turnover of EGP 4.1 bn (8.2% below the 90-day average). Local investors were the sole net buyers. The index is up 8.8% YTD.

In the green: Qalaa Holdings (+4.9%), Palm Hills Development (+4.6%), and Orascom Development (+3.3%).

In the red: Credit Agricole (-1.8%), ADIB (-1.6%), and Eipico (-0.9%).

CORPORATE ACTIONS-

Shariah-compliant leasing company AT Lease wrapped up its EGP 441.3 mn capital increase with a 98.6% coverage rate, it said in an EGX disclosure (pdf). The EGX-listed company sought to increase its issued capital to EGP 1.0 bn from EGP 558.7 mn.

12

BLACKBOARD

New academic year in Egypt to launch with 12 new national universities

The Egyptian higher education landscape is expanding, with 12 new national universities expected to launch across governorates in the 2025-2026 academic year, bringing the total number of national universities to 32 — a 60% increase. The new openings will bring the number of total universities — including public, private, national, technological, and international — to 128, according to a statement from the cabinet.

The new national university launching in the 2025-2026 academic year are Cairo National University, Kafr El Sheikh National University, Sohag National University, Damanhour National University, Suez National University, Damietta National University, Ain Shams National University, New Valley National University, Fayoum National University, Tanta National University, Luxor National University, and Sadat City National University.

But it’s not all about quantity, as the government is not only aiming to add new universities across the country, but also improve the quality in each university and promote innovation, curriculum development, and international cooperation, a government source told EnterpriseAM.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

Adding these new universities across the country is aimed at tackling the issue of internal student migration, where students have to leave their hometowns to enroll in universities in major cities, the source added. The improved education system has also reduced parents' need to send their children abroad for university.

The move also supports the government’s efforts to encourage private investments in education outside of capital, with the hope that these new national universities across governorates will encourage private universities to consider investing in Upper Egypt, canal cities, and other targeted areas. Also, as the new universities pursue international partnerships and offer student exchange programs, it is hoped that this will help decentralize quality education from Cairo to other regions.

The new national universities will offer modern interdisciplinary programs to meet the demands of local and international job markets. They will also adopt global teaching standards to ensure graduates are equipped with the skills and knowledge to compete on a global level, according to statements by Higher Education Minister Ayman Ashour. These programs combine disciplines to create new fields of study, narrowing the gap between local and international curricula.

The expansion of these interdisciplinary programs will strengthen the competitive edge of national universities, president of New Mansoura University Moawad El Khouly told EnterpriseAM, adding that these programs allow students to merge two fields of study into a new specialization, often based on models from international universities. The expansion could also push private universities to improve the quality of education, attract international students, and meet surging demand, Future University of Egypt President Ebada Sarhan told EnterpriseAM.

Plans are in the works to allow public universities to launch for-profit private institutions as part of a broader strategy to invest surpluses and further grow the higher education sector, according to our sources.

Private universities are also gearing up for the start of the academic year by accepting early admissions, following the Higher Education Ministry’s approval of early student applications. This would allow students to reserve their place at private universities using their international, Arab, or Egyptian Thanaweya Amma diplomas before their exam results are in, with the stated aim of helping ease the admissions process.

Universities taking part in the early admission process include the British University in Egypt, the German University in Cairo, Future University in Egypt, MSA University, Misr International University, Badya University, New Giza University, The Egyptian Chinese University, Heliopolis University, and Zewail City of Science and Technology.

How does it work? Students can submit their applications to reserve seats, but final admissions will depend on the results of the final exams along with the admission process of each private university, a source from a private university told EnterpriseAM. Students have the option to apply to multiple universities to increase their chances, especially as some universities quickly run out of spots, which would leave others unable to apply to their preferred choices, the source added.

National universities are also getting a head start, with Cairo National University and Galala University also opening the door to early applications, fueling what’s expected to be a highly competitive admissions season due to the growing number of new national institutions.


Your top education stories for the week:

  • Rotary Egypt has begun construction on a EGP 200 mn industrial and vocational technical school in Damanhour, funded by Rotary clubs, international grants, the Central Bank of Egypt, and private sector contributions, with specialties including electrical installations, solar energy, metal plumbing, and HVAC. (Statement, pdf)
  • Higher Education Minister Ayman Ashour announced new appointments across several public universities, including Shaden Henafy as president of Sadat City University and new deans for faculties at Ain Shams University, Cairo University, and others. (Statement)

MAY

1 May-10 July (Thursday-Tuesday): 500 Global's Scale Up Program, Cairo

3-5 May (Saturday-Monday): A Moroccan business delegation will visit Cairo to strengthen economic cooperation

6 May (Tuesday): S&P Global to release PMI data for April recording non-oil private sector activity

7-10 May (Wednesday-Saturday): Egypt hosts the 24th Pan Arab Junior and Ladies Golf Championship

8-10 May (Thursday-Saturday): RiseUp Summit at the Grand Egyptian Museum

10 May (Saturday): Capmas expected to publish inflation data for April

13-14 May (Tuesday-Wednesday): Egypt Facility Management Forum, Cairo, Egypt.

18-19 May (Sunday-Monday): International Monetary Fund MENA Research Conference, Cairo, Egypt

18-20 May (Sunday-Tuesday): First Arab International Exhibition for Sustainable Development

22 May (Thursday): Central Bank’s Monetary Policy Committee to meet to decide interest rates

25 May (Sunday): Social Education Summit 2025, Cairo, Egypt

30-31 May (Friday-Saturday): Africa Business Summit, London, UK

Egyptian Exporters Association (Expolink) exhibition, Italy

Egyptian-Russian Business Forum

May 2025: Egypt-Singapore Business Forum, Cairo

JUNE

2-4 June (Monday-Wednesday): Manufacturing and packaging forum ProPak MENA 2025 at the International Exhibition Centre.

3 June (Tuesday): S&P Global to release PMI data for May recording non-oil private sector activity

10 June (Tuesday): Capmas expected to publish inflation data for May

MPs approveextension of tax dispute resolution window until 30 June 2025, with potential for further extension

Coficab to complete its USD 88 mn automotive cable and electrical factory in Tenth of Ramadan City

Realme to open smartphone factory

IFC President Makhtar Diop to visit Egypt

JULY

10 July 2025 (Thursday): Monetary Policy Committee’s fourth meeting

15-16 July 2025 (Tuesday-Wednesday): Egypt Mining Forum

July 2025: The first operational trail of Egypt-KSA electricity interconnection line

Etihad Airways to launch twice-weekly flights to Alamein

AUGUST

28 August 2025 (Thursday): Monetary Policy Committee’s fifth meeting.

Tourism Development Authority to waive late payment penalties for land purchases if full installments are paid

SEPTEMBER

Egypt Education Platform (EEP) to launch two new schools in Alexandria and Somabay

Egypt Otsuka’s nutritional products factory in Tenth of Ramadan to begin operations, with exports to Gulf countries expected by January 2026

OCTOBER

2 October 2025 (Thursday): Monetary Policy Committee’s sixth meeting.

NOVEMBER

20 November 2025 (Thursday): Monetary Policy Committee’s seventh meeting.

November: Egypt to join the EU’s Horizon Europe research and innovation program.

DECEMBER

1-4 December: Egypt Defence Expo (EDEX), Egypt International Exhibition Centre.

25 December: (Thursday): Monetary Policy Committee’s eighth meeting.

EVENTS WITH NO SET DATE

1Q 2025: The Egyptian-Italian business forum

1Q 2025: Investment Minister Hassan El Khatib to visit Italy

1Q 2025: Eipico’s biopharma plant to begin operations

1Q 2025: Finance Ministry to launch public consultations on its tax policy document

Mid-2025: EGX launches sustainability index.

2Q 2025: Financial Regulatory Authority (FRA) to introduce derivatives on the EGX

2Q 2025: Safaga Terminal 2 to start operations

1H 2025: EGX launches a sharia-compliant sustainability index.

1H 2025: Digital Financial Identity Company will launch an electronic bank account opening service

1H 2025: The Egyptian-US Investment Forum.

1H 2025: The Egyptian Mineral Resources Authority will relaunch a global tender for gold exploration through Shalateen Mineral Resources company.

3Q 2025: Nasr Automotive begins locally manufacturing passenger cars.

Mid-2025: The Administrative Capital for Urban Developments to roll out the second phase of offering industrial plots to investors

2025: The InterAcademy Partnership assembly

2025: Nile Basin States Summit, Cairo, Egypt

2025: Release of the government’s Startup Charter document

2026

Early 2026: Passenger operations on the New Administrative Capital–Nasr City monorail scheduled to begin.

1Q 2026: Trial operations for the Ain Sokhna–Sixth of October section of Egypt’s first high-speed rail line scheduled to begin.

1 January: European Union’s Carbon Border Adjustment Mechanism (CBAM) to fully come into effect

May 2026: End of extension for developers on 15% interest rates for land installment payments

2027

20 January-7 February: Egypt to host the African Games.

April 2027: Tenth of Ramadan dry port and logistics hub to begin operations.

EVENTS WITH NO SET DATE

2027: Egypt to host EBRD’s annual meetings for 2027.

End of 2027: Trial operations at the Dabaa nuclear power plant expected to take place.

September 2028: First unit of the Dabaa nuclear power plant begins operations.

Now Playing
Now Playing
00:00
00:00