B Investments closes out Infinity Solar exit

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WHAT WE’RE TRACKING TODAY

CBE reserves cross the USD 55 bn IMF threshold

Good morning, friends. All eyes are on the central bank today as the Monetary Policy Committee sits down to decide on rates. If you’re waiting for the easing cycle to pick back up, don't hold your breath — all 11 analysts we polled see a hold. Inflation is cooling, but not fast enough to give the committee room to move.

The CBE isn’t only in the rate-setting chair this morning. It’s also tightening what banks can do with non-bank finance — telling lenders to get its sign-off before joining sukuk issuances. This is the latest thread in what looks like a single strategy to keep banks from building exposure to the NBFI boom faster than the risks can be measured.

The IMF, meanwhile, has a split verdict for us. Our just-ended fiscal year gets marked up 0.4 points to 4.6%, while the year we’re now in gets trimmed by the same margin to 4.4% as the regional conflict weighs on the neighborhood. A pat on the back for what’s done, a note of caution for what’s ahead.

Lastly, from the M&A desk: B Investments has closed the book on Benban, selling the last of its solar holdings as it turns toward a EGP 2-3 bn regional push. The Orascom-OCI story, on the other hand, is going nowhere fast — with the merger deadline sliding to December.

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Happening today

The Central Bank of Egypt’s Monetary Policy Committee meets today — and anyone hoping for a resumption of the easing cycle is likely to be disappointed. All 11 analysts we polled expect policymakers to leave the overnight deposit rate at 19% and the lending rate at 20%. Annual urban inflation cooled to 14.6% in May, down from 14.9% in April, still well above the CBE’s 7% (±2) target — leaving little room to cut without risking the disinflation path.

Watch the timing: State statistics agency Capmas may release June’s urban inflation figure today, though the committee is likely to have the reading in hand regardless of when it goes public — one more input as it weighs whether the disinflation trend is intact.

IMF reserve target, check

Egypt’s net international reserves rose USD 1.94 bn in June to a new record of USD 55.07 bn as rising foreign currency holdings outweighed a near-USD 2 bn fall in the value of the central bank’s gold, according to Central Bank of Egypt (CBE) data.

Foreign currency assets climbed USD 3.93 bn to USD 37.85 bn. Gold holdings fell to USD 16.78 bn from USD 18.78 bn, tracking global prices, former Banque Misr deputy chair Sahar El Damaty tells EnterpriseAM, noting that gold’s value in reserves moves with prices driven by geopolitical tension and its inverse pull against the USD. Special drawing rights (SDRs) edged down to USD 444 mn from USD 448 mn.

REMEMBER- Breaching the USD 55 bn threshold clears the IMF’s primary metric for the Extended Fund Facility (EFF), which mandates a reserve buffer of USD 55-56 bn before the program concludes at year-end. The build has given policymakers more FX cover as the EGP absorbs shocks — officials recently told us reserves held up during the Gulf risk-off bout, with no sign the CBE was drawing on them to smooth outflows.

The EU money is a question mark over the June figure. Egypt was due to receive EUR 1.5 bn (USD 1.72 bn) from the EU by the end of June, part of the bloc’s EUR 5 bn macro-financial assistance package — but whether it landed inside June’s reserves or slips into July isn’t clear. Egypt also issued USD 500 mn (JPY 80 bn) in sustainable Samurai bonds in Japan, backed by a partial credit guarantee from the African Development Bank.

Read the record with some care: Ahly Pharos’ Hany Genena has no definitive explanation for the rise but points to the CBE’s latitude over how it books USD inflows — reflecting them in official reserves or holding part as what he calls “hidden reserves” or “unannounced reserves,” deposits parked at state-owned banks. Those banks in turn invest part of the money abroad, making it a form of indirect reserve routed through the banking system. “The way these inflows are distributed could affect how reserve figures are read from one month to another,” he says.

What holds the record up is the harder question. The strength will last only as long as real inflows keep coming, banking expert Hany Aboul Fotouh tells us. “The sustainability of this strength will remain tied to continued real foreign currency inflows into the economy, because reserves ultimately reflect the strength of these resources rather than being an objective in themselves.”

A mixed review

The IMF trimmed its forecast for Egypt’s economic growth in the current fiscal year by 0.4 percentage points to 4.4% while raising its estimate for the elapsed FY 2025/26 by the same margin to 4.6%, according to the Fund’s latest World Economic Outlook update (pdf).

The Fund’s outlook still trails the government’s own ambitions. Planning and Economic Development Minister Ahmed Roustom said in April the FY 2026/27 development plan targets 5.2-5.4% growth — well above where the IMF now sees the economy landing.

Data hungry, power heavy

Incom Group plans to build a USD 300 mn data center in Borg El Arab, Alexandria, over three years and multiple phases. The Electricity Ministry would supply 100 MW in the first phase, rising to 400 MW as later phases come online.

REFRESHER- Incom — formally the International Company for Petroleum and Industrial Services — signed a 2024 MoU with the CIT Ministry, Record Digital Asset Ventures, and SIC Investment to study a green data center running on 200 MW of solar and wind across two phases. How that renewable-powered plan relates to the grid-fed Borg El Arab project now described isn’t clear — the earlier MoU was pegged at 200 MW from renewables, the new plan at up to 400 MW from the national grid.

Why it matters: Egypt’s data-center pipeline is increasingly a grid-allocation story. Hassan Allam’s digital infrastructure arm committed USD 400 mn last month for a first phase — the Borg El Arab project would add another power-heavy facility. Egypt has the geography and subsea-cable position to sell itself as a data hub, but the real test lies in infrastructure gaps, operating costs, and reliable power.

Want to know more? We dug into Egypt’s data-center-hub potential and the obstacles in Hardhat last year.

PSA-

WEATHER- It’s another typical summer day in Cairo today, with a high of 35°C and a low of 24°C, according to our favorite weather app.

It’s several degrees cooler in Alexandria, with a high of 31°C and a low of 22°C.

And over the weekend, expect to see even warmer conditions in the capital (a high of 36°C) and similar temperatures for our friends on the Mediterranean (a high of 30-31°C).

The big story abroad

The revived flare-up between the US and Iran has escalated. The US armed forces said its strikes on Iran continued for a second straight day, following a declaration by US President Donald Trump that the interim US-Iran peace accord was “over.” Washington has maintained that their attacks are in retaliation for Tehran’s “recent unjustified aggression” on maritime traffic in the Strait of Hormuz.

In response to threats by Trump, an advisor to Iran’s supreme leader said the Islamic Republic will deliver an “immediate response.” Washington’s strikes on Tuesday provoked retaliatory strikes on military bases in Kuwait and Bahrain, the Islamic Revolutionary Guard Corps reportedly said.

In other geopolitical news from the region, Israel blocked Arab League Secretary-General Nabil Fahmy from visiting Ramallah in the occupied West Bank, where he was slated to meet with Palestinian National Authority President Mahmoud Abbas on Wednesday. This would have been Fahmy’s first foreign trip since being appointed late last month.

Federal Reserve officials are increasingly concerned about inflation, weighing the inflationary impact of surging investments in artificial intelligence, according to the minutes from their June meeting. Some members saw a case for raising rates, but a majority saw a scenario in which inflation fell within the bank’s targets.

Leaving Benban’s sun

B Investments Holding is clearing out its early-stage assets as it commits EGP 2-3 bn to a regional build-out over the next two years, BPE Partners Director Omar Barakat tells EnterpriseAM. The marker of the shift landed today: the firm’s board approved a full exit from the Infinity Solar 1, 2, and 3 power plants for USD 8.25 mn, leaving it with no remaining renewable-energy holdings, according to an EGX disclosure (pdf).

The exit closes out a nine-year investment. B Investments, alongside developer Infinity Solar and Germany’s Ib Vogt, took a stake in the three-plant, 130 MW Benban portfolio in 2017, per B Investments’ portfolio. Part of a project costing USD 190 mn, it was financed through equity and debt from the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC). With all three Benban stakes now sold, the firm holds no remaining Feed-in-Tariff-era or renewable power assets, Barakat tells EnterpriseAM.

IN CONTEXT- The energy exit is the latest in a run. B Investments sold its 6.38%stake in TotalEnergies Marketing Egypt for USD 27.6 mn plus a share of a combined USD 5.5 mn earnout in 2023. It also sold its 44.7% stake in Giza Systems to Saudi Telecom's Solutions by STC at a USD 119 mn equity valuation. It partially monetized another holding through Gourmet Egypt’s February 2026 EGX listing, selling down to 40% while keeping board influence. On the buy side, it took majority control of Orascom Financial Holding with a 70% stake in April 2024 and put EGP 560 mn into European Universities in Egypt (EUE), its first higher-education play.

Where the money goes: The firm is concentrating on four verticals — healthcare, education, food exports, and retail/F&B — and hunting acquisition targets in education beyond EUE, Barakat says, without naming them. The EGP 2-3 bn deployment runs across its holdings in the region: e-payments subsidiary Basata has expanded into Jordan, Oman, and Palestine through its acquisition of MadfoatCom and is now eyeing Morocco and Saudi Arabia.

IN OTHER M&A NEWS

EGX- and ADX-listed Orascom Construction has extended the deadline to meet the outstanding conditions for its proposed merger with OCI Global to 30 December 2026, according to a disclosure (pdf). OCI is working to satisfy those conditions, including convening a shareholder meeting to vote on the combination — a process Orascom expects OCI to complete in 4Q 2026. The exchange ratio of 0.4634 Orascom Construction shares per OCI share, approved at January's EGM, remains unchanged.

BACKGROUND- The Cairo-born contractor and the Dutch-listed fertilizer producer — both backed by Egyptian bn’aire Nassef Sawiris — are looking to create what they bill as a global infrastructure and investment platform based in Abu Dhabi, with a USD 14 bn backlog. A Dutch court had blocked OCI from voting on its own side of the transaction, handing veto power to independent board members.

ICYMI- NNS Holding, the Cyprus-incorporated arm of Sawiris’ family office that backs Orascom, is pushing ahead with its voluntary allcash offer of EUR 4.10 per share for all of OCI’s shares, announced last month to break the deadlock. It has now submitted its draft offer memorandum to the Dutch Authority for Financial Markets for approval. OCI’s board is backing the offer, conditional on its combination with the wider Orascom transaction.

No hiding in the sukuk book

The Central Bank of Egypt (CBE) has told banks to secure prior approval before taking part in sukuk issuances, the latest move to tighten oversight of lenders’ exposure to non-bank financial institutions (NBFIs), three banking sources tell EnterpriseAM. The directive follows a December 2025 instruction requiring the same pre-approval for securitization issuances — part of what bankers describe as a continuous supervisory strategy rather than a one-off.

BACKGROUND- The sukuk directive lands on top of two other recent moves. Days ago, the CBE tightened rules on bank investments in corporate and securitization bonds, giving lenders six months to file board-approved rules. It has also barred banks from extending or renewing credit facilities to non-bank lenders unless those lenders are coded with the CBE and reporting customer data to both the central bank and I-Score. Meanwhile, the Financial Regulatory Authority (FRA) is sharpening its monitoring of NBFI leverage, expansion, and asset quality.

The macro context: The tightening cycle lands as Egypt’s non-bank finance sector grows fast. Outstanding non-bank finance portfolios reached EGP 417 bn by end-2025, while cumulative financing extended by NBFIs hit EGP 1.1 tn in the first 10 months of 2025. The sukuk market, though still small, is picking up pace: six issuances worth EGP 12.85 bn by the end of 2023, against five worth EGP 20.7 bn last year alone, taking total corporate sukuk market volume to EGP 33.5 bn, per FRA data. More issuances are expected after amendments allowing unrated sukuk and three-year issuance programs.

One framework, not five decisions: EG Bank board member Mohamed Abdel Aal reads the sukuk directive as one strand of a single macroprudential strategy spanning sustainable finance, climate risk, and structured NBFI exposure. “This is not about sukuk, sustainable finance, climate risks, or securitization individually […] There is a single thread linking all of the CBE’s recent directives. Together, they form an integrated supervisory framework aimed at controlling how risks move beyond banks’ balance sheets and defining clearer boundaries for banks’ role as lenders, underwriters, and arrangers,” Abdel Aal tells EnterpriseAM.

Protecting capital comes first: “The CBE’s responsibility is to protect banks’ liquidity and capital. Capital adequacy ratios could come under pressure if banks become overly exposed to specific sectors that later experience distress,” Abdel Aal notes. The aim is to stop banks building outsized exposure to segments whose risks aren’t fully captured, he argues. “The objective is to prevent excessive concentration in activities whose risks may not be adequately measured. Banks need clear indicators to assess sector concentrations, client exposures, and the quality of the assets backing these issuances, whether in securitization or sukuk.”

Raising asset quality is the second objective. “Enhancing the quality of the assets being securitized — or the assets backing sukuk issuances — is a key objective,” Abdel Aal adds.

Building, not restricting. Rather than restricting corporate funding, Abdel Aal argues the pre-clearance regime is laying the groundwork for the debt capital market to expand. “The CBE is building the regulatory and supervisory infrastructure needed for a stronger debt capital market,” he says. “The objective is to allow banks and non-bank financial institutions to expand in this market while operating under stronger governance, internal controls, sustainable finance standards, and unified supervisory indicators.”

From allocation to risk. The mandate marks a central bank moving away from directing which sectors banks finance toward a data-driven view of the risks that financing creates, he says. “The CBE is transitioning from asking whether banks should finance a particular activity to asking what risks that financing creates, how those risks should be measured, managed, controlled, and how individual financing decisions affect the banking sector as a whole.” That is the logic behind the wave of pre-approval requirements, he adds. “This is why many recent decisions require prior approval before specific transactions are executed or exposure limits are exceeded. The sukuk decision is not a standalone measure — it is part of a broader supervisory approach.”

Parts for phones

Two Chinese mobile phone component suppliers are weighing an entry into the Egyptian market in 2027, Al Borsa reports, citing sources it says are close to the matter. The companies have been assessing local demand, existing manufacturing capacity, and growth prospects for months and have already started talks with government investment and industry bodies. A fresh round of meetings is expected in September to discuss incentives and localization support.

Why it matters: Phone assembly is starting to pull in the supplier layer. Egypt now has around 15 brands manufacturing mobile phones locally, creating a ready customer base for component makers, the sources said. The state’s push to protect and deepen local handset production is gaining traction, but there is still room to scale. The country’s installed production capacity stands at 20 mn devices, while actual output hit roughly 10 mn units in 2025. The government’s decision to end customs exemptions on imported handsets has tightened the policy floor under local assembly, making a localized supply chain increasingly viable.

Kudos to Beltone

Beltone earns financial governance certification, launches AML compliance process: Beltone Holding was awarded the MSI 20000 certification for financial governance, it said in a statement (pdf). Beltone has also begun the certification process for the AML 30001 standard, covering anti-money laundering and counter-terrorism financing practices. Pursuing both certifications underscores Beltone’s focus on governance and compliance as it expands its financial services platform.

In other news this morning:

Amazon Egypt has launched its quick-commerce service, Amazon Now, in Egypt, targeting 20-minute deliveries through 25 micro-fulfillment hubs across Cairo, Giza, and Alexandria — with a North Coast expansion planned for summer. That puts it squarely up against Talabat Mart, which has been pushing a 15-minute delivery promise of its own.

A shrinking guest list

The Gulf was one of the few places global investors actually showed up in 2025. FDI into West Asia rose 20% to almost USD 111 bn, 10 times the 2% growth the developing world managed as a whole, according to the UN Trade and Development’s (UNCTAD) World Investment Report 2026 (pdf). The UAE and Saudi drove the figure on energy, infrastructure and diversification spending, while Qatar's inflows jumped from USD 460 mn to USD 3 bn on chemicals and energy deals.

The region is now writing cheques as often as cashing them. The UAE ranks among the world's top 10 sources of outbound FDI, alongside China, Hong Kong, and Singapore. Emirati capital sat behind some of the year’s largest greenfield projects across the wider neighborhood — the USD 24 bn Ras El Hekma development in Egypt, a USD 34 bn renewables project in Mauritania, and a USD 6 bn hydrogen play in Tunisia. Saudi’s Dar Al Arkan committed USD 4.2 bn to real estate in Oman, while Qatar's Power International put USD 4 bn into Syria.

Egypt kept its place as Africa’s largest FDI recipient, pulling in some USD 15 bn. Strip out the one-off Ras El Hekma megaproject that inflated 2024, and underlying inflows actually rose about a quarter, helped by the USD 3.5 bn Alam El Roum gas deal.

Globally, foreign direct investment shook off a two-year slump in 2025, growing 6% to USD 1.6 tn. The headline figure masks a more uneven picture, with the top 20 host economies absorbing more than 80% of global inflows.

The structural signal underneath is worth noting. Capital is concentrating hard in a few advanced hubs and a narrow band of strategic sectors — AI infrastructure, semiconductors, data centers — that nearly tripled their share of global greenfield spending since 2020. Just 10% of that strategic money reached low- and lower-middle-income economies.

And the old pathway is closing too. Non-strategic manufacturing — the labor-heavy industry that once powered earlier stages of development — fell 17% globally in 2015-2019 and 2021-2025. The decline was sharpest where it hurts most, falling 20% in developing economies and 65% in least developed countries.

What’s next: Don’t expect the map to even out. UNCTAD reads slower growth, trade-policy uncertainty, and high financing costs as reasons for firms to delay or cancel projects through the year, while the strong balance sheets of the biggest multinationals keep high-value capital flowing into the same handful of sectors and the same handful of places. The real question for the region’s diversification bets is which side of that line they end up on.

MARKETS THIS MORNING-

Asia-Pacific markets opened higher this morning as investors shook off President Trump’s statements about a return to conflict. South Korea’s Kospi led the regional rally, surging 3.8%, while Japan’s Nikkei followed with a solid 2.3% gain.

EGX30	52,028	-1.8% (YTD: +24.4%)
USD (CBE)	Buy 49.57	Sell 49.71
USD (CIB)	Buy 49.57	Sell 49.67
Interest rates (CBE)	19.00% deposit	20.00% lending
Tadawul	10,854	0.0% (YTD: +3.5%)
ADX	9,885	-0.6% (YTD: -1.1%)
DFM	6,002	-1.5% (YTD: -0.8%)
S&P 500	7,483	-0.3% (YTD: +9.3%)
FTSE 100	10,489	-1.7% (YTD: +5.6%)
Euro Stoxx 50	6,205	-1.8% (YTD: +7.1%)
Brent crude	USD 78.02	+5.2%
Natural gas (Nymex)	USD 3.22	+0.2%
Gold	USD 4,083	0.0%
BTC	USD 62,301	-2.0% (YTD: -28.9%)
S&P Egypt Sovereign Bond Index	1,078	+0.2% (YTD: +8.5%)
S&P MENA Bond & Sukuk	151.28	-0.4% (YTD: -0.4%)
VIX (Volatility Index)	16.90	+4.8% (YTD: +13.0%)

THE CLOSING BELL-

The EGX30 fell 1.8% at yesterday’s close on turnover of EGP 9.8 bn (11.4% above the 90-day average). International investors were the sole net buyers. The index is up 24.4% YTD.

In the green: AMOC (+4.9%), Kima (+2.9%), and Abu Qir Fertilizers (+2.3%).

In the red: E-finance (-4.0%), Raya Holding (-3.1%), and ADIB (-3.1%).

My Morning Routine: Minoush Abdelmeguid, Axa Egypt CEO

Minoush Abdelmeguid, CEO of Axa in Egypt: Each week, My Morning Routine looks at how a successful member of the community starts their day — and then throws in a couple of random business questions just for fun. Speaking to us this week is Minoush Abdelmeguid, Axa Egypt CEO (LinkedIn).

Edited excerpts from our conversation:

As an only daughter in a diplomatic family, my worldview was shaped early on. My father was a diplomat who rose to the rank of ambassador, and that exposure to different cultures and ways of thinking stayed with me.

My economics and international relations degree from the American University in Cairo gave me the foundation everything else was built on. I built my career steadily from there: started at the Commercial International Investment Company, then moved through corporate investment banking and private equity roles at major financial institutions in Egypt and abroad, including Goldman Sachs and Citibank, before spending many years as a managing partner at Union Capital. That path led me to Axa Egypt, where I took on the role of CEO in January 2026.

I’ve always been an early bird, up by 7am at the latest. When the weather is pleasant, I go for an outdoor walk before heading to the office. I do a quick scan of my phone — replying to messages and emails, and reading EnterpriseAM to catch up on market news — and I also check in on my professional WhatsApp groups for important updates. Since my commute is long, I use the drive to prepare for meetings and read through the files I need so I’m ready by the time I arrive.

As Axa CEO, my job starts and ends with one question: what do our clients need? Everything else follows from there — motivating the team, staying closely connected with regulators, and delivering the best possible service across our diverse customer base. Axa’s model is fairly unique in the Egyptian market — rather than a single ins. product, we hold a diversified portfolio spanning health ins. through our OneHealth clinics, life ins., and property and general ins., and we recently received approval to establish a microins. company. Digital transformation drives much of what I push for: the MyAXA app now offers such a complete customer journey that physical health ins. cards are no longer necessary, and we’re expanding automation across issuance, KYC, and claims to reach broader segments of the market.

I try to get to the office by 8am, traffic permitting. From there, it’s a string of back-to-back meetings, whether internally with the team or with partners and clients, and I try to return phone calls in between. My official workday usually wraps up between 6-7pm, but it can stretch to 11pm at most if there’s a corporate event.

Coffee is a constant in my day — well, except in Ramadan. Another constant is spending time with my family and playing with my dogs, something I always make sure to do on weekends, even when I’m traveling.

I’m a to-do week person. I review my schedule in the morning and set tasks to accomplish by the end of the week rather than cramming them into a single day. Long daily lists can be discouraging when they’re not fully checked off, while weekly lists build in flexibility and give me that sense of accomplishment by week’s end — a dopamine boost that keeps me motivated, much like exercise does.

My ambitions have merged with the company’s — these days, Axa’s goals are my goals. I no longer set the kind of long-term personal plans I did when I was younger; instead, my focus is on doubling the size of Axa Egypt’s business by 2030, or sooner. On a personal level, I’m working through a wish list of my own: reading more, hiking in Africa and Scotland, and visiting places with deep historical roots, like Granada and Andalusia.

Time balance means prioritizing, delegating, and working smart. Take something as simple as getting a document notarized: rather than lose a day off standing in line, I’ll arrange for a service that comes to me instead. Work naturally demands a great deal of my time, so I’m deliberate about protecting my weekends and public holidays for what matters most — exercise, meditation, and family.

Meditation has been part of my life for years, it clears my mind of noise and helps me see problems with a clearer perspective. Before bed, I like to watch something short, around half an hour, whether comedy or a thriller, just to fully disconnect from work. Most importantly, I put my phone and screens away an hour and a half before sleep, replacing that time with reading or talking with my family so I actually get a good night’s sleep.

My reading has shifted over the years — novels have given way to business books and memoirs. Given my background in investment, I gravitate toward books on value creation: Strategic Value Creation: Design and Execute Strategy for Breakthrough Returns, Warren Buffett’s Berkshire Hathaway Letters to Shareholders, Interpretation of Financial Statements, and The Intelligent Investor all make my list. More recently, I read The Key Man, which recounts the collapse of Abraaj Group — a compelling read, given how close I was to the market when those crises unfolded.

Podcasts are part of my routine, too. The Harvard Business Review podcast and David Rubenstein’s, where he interviews CEOs, are regulars for me. One episode that’s stuck with me is his interview with Phil Knight, founder of Nike, who spoke with real humility about building his empire and how an absolute focus on customer needs shaped a powerful brand.

Two mottos guide me every morning: give your full effort and talent to any task, and always work smart. A former colleague of mine in London gave me the second piece of advice, and it’s stuck with me ever since. We tend to equate success with long hours, but what matters most is the quality of the work and setting priorities intelligently.

CALENDAR

JULY

9 July (Thursday): Monetary Policy Committee’s fourth meeting of 2026.

23 July (Thursday): Revolution Day (TBC).

AUGUST

19 August (Wednesday): Connected Banking Summit, Fairmont Nile City Hotel.

20 August (Thursday): Monetary Policy Committee’s fifth meeting of 2026.

26 August (Wednesday): Prophet Muhammad’s birthday.

SEPTEMBER

8-10 September (Tuesday-Thursday) El Alamein International Airshow, El Alamein International Airport.

10-12 September (Thursday-Saturday): Egyptian Entrepreneurship Sector Diagnostics Report Summit, El Gouna.

15 September (Tuesday): IMF to hold its eighth review of Egypt’s USD 8 bn EFF arrangement.

24 September (Thursday): Monetary Policy Committee’s sixth meeting of 2026.

27-29 September (Sunday-Tuesday): Global Conference on Population, Health, and Human Development.

OCTOBER

6 October (Tuesday): Armed Forces Day.

10-11 October (Saturday-Sunday): Egypt Women’s Health Summit (EWHS), Cairo Marriott Hotel.

26-28 October (Monday-Wednesday): IEX Egypt, Egypt International Exhibition Center, Cairo.

29 October (Thursday): Monetary Policy Committee’s seventh meeting of 2026.

NOVEMBER

6-8 November (Friday-Sunday) : Global Entrepreneurship Festival, JW Marriott Hotel, New Cairo

DECEMBER

7-10 December (Monday-Thursday): Food Africa, Egypt International Exhibition Center, Cairo.

17 December (Thursday): Monetary Policy Committee’s eighth meeting of 2026.

EVENTS WITH NO SET DATE

July 2026: British Prime Minister set to visit Egypt.

2H 2026: Operations at Deli Glass Co’s new USD 70 mn glassware factory kick off.

2026: The Egyptian-American Economic Forum.

4Q 2026: Banque du Caire IPO.

2027

16-18 January (Saturday-Monday): Agri Expo, Cairo International Convention Center.

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.

2027: Egypt-EU Summit 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.

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