CBE puts its easing cycle on ice as inflation risks resurface

1

WHAT WE’RE TRACKING TODAY

WFH take one

Good morning, folks, and welcome to day one of the nationwide work-from-home experiment, and a blessed Palm Sunday to those who celebrate. Both the public and private sectors — excluding factories, public services, water stations, gas stations, water treatment stations, hospitals, schools, and universities — are dusting off their Zoom accounts as the country works from home on Sundays throughout April to cut down on energy use and, by extension, the country’s mounting energy import bill.

While we’re sure many of you are split on this Covid-era throwback, we want to hear from you about what your company’s done to prepare, how the first day at home goes, what you will do differently the second time around, and how you think the month-long decision will affect your business. Just hit “reply” to this email.

Kicking off this morning’s packed issue is the central bank’s decision to put the easing cycle on ice as inflation risks resurface following the war, amendments to scrap banks’ 40% ownership cap of financial companies that could lead to a wave of acquisitions, listing procedures for five state-owned companies, and much more. We’re reaching our word limit, so let's jump right in.

***

WISH THIS MORNING’S ISSUE was a podcast? We’ve got you. Tap or click here to listen to Morning Drive, a 10-minute version of today’s issue crafted for you to enjoy with your morning coffee, while getting the kids ready for school, or while stomping around the house wondering where the [redacted] you left your [redacted] reading glasses.***

Watch this space

ENERGY — Electricity bills are going up for businesses this month, but most households will be shielded from increases, as the government looks to ease the burden of increased production and power infrastructure costs on the state, according to a government document seen by EnterpriseAM. While households in the first seven brackets will see rates charged at the same amount, high-consumption households will face an EGP 0.35 increase per kWh consumed to EGP 2.58.

But those with code-based meters will see a significant increase on their bills at the end of the month, with the system now based on a unified price of EGP 2.74 per kWh and not on tiered consumption brackets.

Commercial energy consumers will see rates for the first 100 kWh used rise 91% to EGP 1.62, while consumption above this will also see further increases at smaller incremental increases per bracket. Energy used for irrigation will increase 32.5% in price to EGP 2.65 per kWh.

Why this matters: With oil well above USD 100 per barrel, LNG import prices soaring, and Israeli gas imports still only a trickle, the government is dealing with a rising energy import bill and the prospect of potential energy shortages in the future. Higher energy costs aren’t just a way of sharing the cost burden but also work toward rationalizing energy use by encouraging households and businesses to use less energy.

ECONOMY — Egypt’s net foreign assets contracted for the first time in five months in February, falling by 7.2% m-o-m to USD 27.4 bn, according to data (pdf) from the central bank. The decline marks a reversal from January’s record high of USD 29.5 bn and reflects the first tangible balance-sheet impact of the build-up to the US-Israel war on Iran, which triggered a partial exit of foreign investors from local debt.

COMMODITIES — Egypt and Russia are mulling the establishment of a Russian grain and energy hub here at home, as Russian President Vladimir Putin floated the idea during talks in Moscow with Foreign Minister Badr Abdelatty, Reuters reports. The move reflects Moscow’s broader strategy of setting up regional hubs to bypass Western sanctions and maintain its commodity exports.

Why this matters: The hub would play an essential role in Egypt’s food and energy security, as the country could secure its own supply of Russian wheat and gas — for which it is a major buyer — at lower prices. The project would also position Egypt as a key logistics and storage center for Russian exports in Africa and the Middle East, generating significant revenue for the country’s coffers.

ENERGY — Israel has resumed production at the 1.4 bn cf/d Leviathan gas field after a roughly one-month shutdown linked to the Israeli conflict with Iran, with operator Chevron bringing the platform back online despite US President Donald Trump signaling a war dragging on for at least another 2-3 weeks, according to energy industry publication Mees. The restart is set to increase supply to the Israeli market and allow exports to Egypt and Jordan to recover from reduced wartime levels.

Why this matters: For Egypt, higher Israeli gas flows could help ease pressure after LNG imports surged and pushed the monthly import bill to USD 1.7 bn in March. However, flows are still unlikely to return to pre-conflict levels until all fields resume operations. In the long run, expansion plans at Leviathan remain intact, but still depend on how the security situation evolves.

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.

Subscribe here

** DID YOU KNOW that we cover Saudi Arabia, the UAE, and the MENA-IndiaCorridor?

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

Happening today

The General Authority for Industrial Development is offering 414 ready-to-use industrial units across 11 governorates starting today until 19 April, according to a statement from the Industry Ministry. The units range from 48 to 792 sqm and are available for factories operating in sectors including food, engineering, chemicals, plastics, textiles, construction materials, metals, pharma, and leather. Applications are submitted online through the Made in Egypt platform.

Data point

USD 7.4 bn — that’s how much Egypt’s digital exports reached in 2025, up from USD 3.3 bn the year before, driven by outsourcing services revenues increasing to USD 4.8 bn for the year, Information Technology Industry Development Agency CEO Ahmed El Zaher tells EnterpriseAM. El Zaher expects digital exports to increase 20% over the current year as global demand for services increases.

The war “could ultimately have a positive effect on the growth of the sector’s exports,” with attention potentially turning to Egypt due to the favorable security situation, digital infrastructure, and talent pool of skilled workers, according to El Zaher. Despite it being “too early to determine the impact of the current events,” international companies in discussions are showing an interest in opening up operations in Egypt in light of the conflict in the region.

Global customer services giant TTEC is one of the companies looking to expand its footprint in Egypt, with a plan to hire an additional 330 new employees by April for its already 500-strong workforce, Egypt Executive Director Manno Ragab tells EnterpriseAM.

PSA

WEATHER- It’s a warm and sunny day in Cairo today, with a high of 28°C and a low of 13°C, according to our favorite weather app.

It’s a fair bit cooler in Alexandria, with sunny skies, a high of 23°C, and a low of 11°C.

The big story abroad

Tehran has 48 hours to open the Strait of Hormuz or face intense attacks, according to US President Donald Trump’s latest threat to the Islamic Republic. Tensions are especially high as Washington continues to search for a missing airman from one of two downed warplanes. Trump’s emphasis on the waterway contradicts previous signaling that his administration had largely abandoned the task of reviving traffic in the strait.

Closer to home, the conflict continues to damage key infrastructure. Kuwait Petroleum Corporation’s headquarters caught fire after an Iranian strike. The building — which also houses the nation’s Oil Ministry — was evacuated, and no injuries were reported.

Five EU countries have called for a windfall tax on the income of energy companies, following the spike in fuel prices stemming from the US-Iran war and the closure of the Strait of Hormuz. Finance ministers from Germany, Italy, Spain, Portugal, and Austria have argued that such a levy would help fund relief for consumers currently facing high fuel costs.

Meanwhile, in the world of finance: The jury is still out on whether the recent strain on the private credit sector — with investors demanding their money back from some funds — will simply blow over or usher in a full-blown financial crisis. Concerns surrounding the sector are rooted in how much private lending backs software companies, which are currently facing existential threats due to innovations in artificial intelligence.

CBE puts its easing cycle on ice as inflation risks resurface

The Central Bank of Egypt’s Monetary Policy Committee kept interest rates on hold at its meeting on Thursday, pausing the easing cycle in line with analyst expectations, the central bank said in a statement (pdf). The committee kept the overnight deposit rate at 19.00%, the lending rate at 20.00%, and the main operation and reduced rates at 19.50%, noting that the war has triggered a global energy shock and reversed the disinflation trend seen earlier this year.

Hawkish hold: London-based economist Ali Metwally describes the CBE’s decision as a “hawkish hold,” meaning it keeps interest rates high while signaling readiness to raise them if needed. The central bank is explicitly treating the crisis as an external supply shock, as the war disrupts global trade, spikes agricultural and energy prices, and reverses the disinflation trend seen earlier this year, Metwally tells us.

Targets under pressure: The CBE’s 7% (±2 percentage points) inflation target for 4Q 2026 is now highly threatened by a fear-driven spike in global energy costs, particularly in the event of a prolonged conflict. Around 20% of the current high oil prices are strictly a geopolitical “risk premium” that could vanish rapidly if the US-Iran conflict ends, Al Ahly Pharos’ Hany Genena tells us. If the war resolves in April, inflation could cool to 12-13% by the end of the year. However, a prolonged conflict could push inflation past 15%.

Growth outlook trimmed: The CBE revised down its real GDP growth forecast for the current fiscal year to 4.9%, from 5.1% previously, and now expects growth during 1Q 2026 to slow to 4.8-5.0%, compared to 5.3% in 4Q 2025. The moderation is expected to keep output below potential for longer, helping to contain demand-side inflation pressures in the near term.

Shock absorber: The central bank praised the recent depreciation of the EGP as a successful “primary shock absorber.” Genena echoed this, noting that the flexible exchange rate is rapidly restoring export competitiveness and bringing foreign investors back to the market faster than anticipated.

What’s next? The committee has formally adopted a “wait-and-see” approach for future meetings, signaling a potentially prolonged pause on rate cuts. “As long as things are unclear, the MPC will keep rates as they are,” former Banque Misr deputy chair Sahar El Damaty said. The committee may stick with this approach for the rest of the year, if no additional “regional or global surprises” take place, Thndr’s Esraa Ahmed told us.

Future interest rate decisions will be strictly data-driven, with the CBE closely monitoring the “pass-through” effect of the depreciated EGP on local inflation, Metwally noted. The central bank stands ready to tighten policy further if this current inflation wave threatens to turn into a long-term spiral of expectations.

CBE clears the path for a banking takeover of fintech

We may soon see a bank-led rush on the country’s finance sector, as the Central Bank of Egypt expands the list of companies in the sector that are exempt from a previous 40% cap on how much equity banks can own, according to a decision reviewed by EnterpriseAM. The decision was taken in light of “current market developments and the emergence of several companies operating in new financial activities.”

The updated list of financial companies that are now exempt spans several sectors, with securities firms, mortgage companies, securitization companies, factoring and leasing businesses, ins. companies, bureau de changes, money transfer services, payment companies, consumer finance activities, SME financing businesses, and fintechs offering non-bank financial services.

Why this matters: Letting banks own more than 40% of these companies will really allow them to put their full financial weight and industry know-how behind them, former Blom Bank Egypt deputy managing director Tarek Metwally tells EnterpriseAM. Having the bank’s name alongside fintechs offering new services will also help add credibility and support adoption amid the spread of digital financial services, he added.

The CBE will by extension see its oversight of these companies increase as banks increase their stakes, which could help limit any potential undermining of market stability, former Industrial Development Bank chairman Maged Fahmy tells us. Because banks are already firmly under the supervision of the central bank, greater bank ownership of fintechs and other financial companies would extend this regulatory umbrella to a wider part of the market, Fahmy added. “With transactions through fintech companies increasing rapidly, it was necessary to take this step to strengthen the sector and tighten oversight,” he added.

What’s next? Expect to see a wave of acquisitions by banks targeting fintechs, money transfer companies, and businesses that specialize in lending to SMEs, Metwally tells us. The new rules are also expected to persuade banks to open up new subsidiaries and investment arms to expand in these sectors.

Five state firms head for the bourse

The government submitted listing documentation for five state-owned firms to the EGX, which are currently undergoing a review by the Financial Regulatory Authority, a senior government official tells EnterpriseAM.

The proposed listings include a 30-40% stake in El Nahda Industries and an expected stake of up to 20% in Egyptian Ferroalloys Company, alongside stakes in El Nasr Glass, El Nasr Mining, and Alexandria Co. for Refractories, according to our source.

Why this matters: With the country’s Extended Fund Facility (EFF) arrangement with the IMF nearing its end, the Fund is pushing for tangible divestment progress in its last two remaining reviews. To unlock the remaining USD 3.3 bn from the remaining two tranches from the EFF, along with an additional inflow from the Resilience and Sustainability Facility, the Madbouly government signaled in the Fund’s latest country report that privatization is back on the agenda, including a pipeline of four state-owned asset sales expected to generate USD 1.5 bn by June.

Egypt is looking to temporarily list 20 state-owned companies this month that the state is looking to list or exit as part of its plan to generate USD 3-4 bn in divestment revenues by the end of 2026 and USD 6 bn by the end of the next fiscal year.

AI, governance, and resilience: What leaders prioritized at the 7th AUC Business Forum

For executives today, disruption is no longer confined to technology or markets. It increasingly stems from policy shifts, regulatory volatility, and the accelerating influence of artificial intelligence. At the 7th AUC Business Forum, hosted by Onsi Sawiris School of Business, conversations spanning AI, governance, and institutional durability converged on a shared conclusion: leadership must evolve as quickly as the systems it oversees.

One of the clearest signals came from the AI-Powered Marketing roundtable, where speakers argued that AI adoption is less about tools and more about how organizations rethink decision-making and customer engagement. Rasha Saleh, Managing Partner at Flavor Republic and Instructor at ExecEd, stressed that “AI is inevitable, but we are in control. The important thing is to continue to humanize marketing and communications.” Other speakers cautioned that many organizations are still underutilizing AI’s strategic potential.

The implications extend well beyond marketing functions. As May El Gammal, Group Chief Marketing and Communications Officer at EFG Holding, noted, “AI is revolutionizing how industries function today. Business schools have a responsibility to rethink how modules and curricula are taught.”

Framing this response, Amira Metwally, Manager, Marketing Programs, ExecEd, reinforced the school’s broader mandate: “We are not a cheat-sheet of AI tools; instead, we deliver a mindset of learning.” She underscored ExecEd’s role in bridging academia, technology, and practitioners, preparing leaders to adopt AI with discernment and accountability.

The discussion ultimately widened from technology to policy and governance risk. Sharyn L. O’Halloran, Professor of International and Public Affairs at Columbia University, noted that “the most expensive disruptions today are policy-driven.” In a world defined by tariffs, sanctions, and regulatory volatility, resilience depends not only on operational efficiency but on strategic foresight and institutional adaptability.

From an industry perspective, Wassim El-Metwally, Chief Strategy and Sustainability Officer at Al Baraka Bank Egypt, echoed this shift. “Banks are becoming more resilient to disruptions,” he said, noting that institutions are increasingly assessing geopolitical risk, supply chain dependencies, and country exposure alongside financial efficiency.

From AI adoption to governance discipline, the forum highlighted a defining leadership challenge: organizations must build institutions capable of adapting as quickly as the technologies and political environments shaping them.

Moody’s keeps our rating unchanged as reform momentum faces the Iran war stress test

Moody’s Ratings has maintained Egypt’s Caa1 debt rating while maintaining its positive outlook held since March 2024, signaling that recent economic reforms are holding steady despite extreme pressure from the conflict in the region, according to a report from the rating agency. Moody’s highlighted the government’s sizable primary fiscal surpluses and the central bank’s successful focus on disinflation and external rebalancing.

The debt squeeze: Rising debt costs are consuming recent fiscal gains, leaving the government highly vulnerable to interest rate fluctuations. Moody’s projects government interest payments will peak at roughly 63% of general revenue (11% of GDP) in the current fiscal year. This lack of fiscal shock absorption capacity is compounded by a short maturity structure, with domestic debt (around 75% of total debt) generating local currency refinancing needs of close to 30% of GDP annually.

The external risks: While the central bank has maintained a flexible exchange rate and refrained from intervention, the war has already triggered USD 8 bn in foreign portfolio outflows, weighing on the exchange rate, which is currently hovering over the EGP 54 mark. Disruptions to natural gas imports from Israel are raising the energy import bill, while surging global oil prices threaten to disrupt disinflation. The agency also warned that commodity price shocks could exacerbate social risks, pointing to youth unemployment rates at over 25%.

What’s next? The government is tightening fiscal policy to maintain its buffers, targeting a new tax package by June 2026 to generate additional revenues worth 1% of GDP. This package will be accompanied by the removal of tax exemptions for state-owned enterprises — a move Moody’s is monitoring closely as a key step to level the playing field for the private sector.

Domestic steel producers ready to fill the import gap

Warnings that local steel production won’t be able to keep up with the gap left by recently extended safeguard duties are misplaced, a source at Ezz Steel tells EnterpriseAM. Despite Egypt spending some USD 1 bn a year on billet imports, the country’s total 13.3 mn ton capacity is more than enough to absorb the roughly 9 mn tons of domestic demand annually, without the need for more billet licenses being offered, they added.

REMEMBER- Safeguard duties on imports of cold-rolled, hot-rolled, galvanized, and pre-painted steel were extended last week to run for a total of three years with a decreasing annual rate. While welcomed by local producers, downstream industries criticized the move for further squeezing margins as companies try to navigate wartime disruptions and input price rises.

The move should also help exports to markets like the EU, they claimed. With markets like the EU requiring a sizable local value-added ratio, the 10% local value-added content or so for steel made from imported billets doesn’t cut it, they explained.

The impact on prices may also be overstated, our source argued. Given the limited use of flat steel in home appliances and the automotive industry isn’t a major cost, the impact of new tariffs would be “negligible,” especially considering the existing customs protections for these goods, they added. In addition, while integrated producers like Ezz Steel were pushed to cut prices by EGP 4k to compete with cheap imports and absorb further pressures on their margins, rerolling margins have continued to post strong results.

By the numbers: Egypt imported some 4.7% of the world’s traded billets in 2024, amounting to some 2.6 mn tons. The government’s review of the sector that followed three complaints from local steel producers found that Egypt has become the world’s second-largest importer of billets.

Valmore Holding names new CIO and COO

Our friends at Valmore Holding — formerly known as Egypt Kuwait Holding — tapped Moataz Kandil (LinkedIn) as CIO and Hani Shehata (LinkedIn) as COO, according to a statement seen by EnterpriseAM. Kandil is a 25-year investment veteran who has led major initiatives for sovereign wealth funds and investment banks, while Shehata has 25 years of experience managing operations for companies including Elsewedy Electric and P&C Egypt.

Harmattan gas field to go online in 2028

The Egyptian Natural Gas Holding Company (Egas) inked a final investment decision (FID) with Arcius Energy to develop the Harmattan gas field in the Mediterranean, according to a statement from the Oil Ministry.

The USD 500 mn project is expected to go online in 2028 and will produce around 150 mn cf/d of gas and 3.3k barrels of condensates per day, with plans to ramp production to 200 mn cf/d and 4.4k barrels of condensates. Enppi was appointed as the general contractor for the project.

REMEMBER- Arcius Energy — a JV between BP and Adnoc’s investment arm XRG — first acquired the field from Shell and BP in November under a concession transfer agreement with Egas that grants it full rights to the El Burg offshore block. The company said it is planning to drill up to three wells, install a fixed offshore platform, and build a 50 km pipeline to onshore processing facilities near Port Said.

EBRD provides USD 20 mn loan to Futurefert

The European Bank for Reconstruction and Development is lending USD 20 mn to local fertilizer producer Futurefert to help fund the construction and operations of three plants in the SCZone, the lender said in a statement. The USD 45.7 mn project includes the establishment of a sulphuric acid plant, a potassium sulphate plant, and a single superphosphate plant, which are set to export to European and African markets.

First Egyptian killed in regional war

Egyptian engineer Hossam Sadek Khalifa was killed at Abu Dhabi’s Habshan gas plant after debris from intercepted Iranian missiles sparked fires, while two other Egyptians were injured, the Oil Ministry said in a statement, expressing condolences to his family. Khalifa was the assistant general manager for quality at Petrojet’s UAE branch and conducted his work with “sincerity, dedication and commitment,” the ministry said.

Gulf paychecks are the biggest in Asia -report

Middle East private-capital firms are outbidding Asia on compensation, with senior professionals pulling in up to USD 750k a year as firms lean on pay to secure scarce talent, according to Heidrick & Struggles’ 2025 Asia Pacific & Middle East Private Capital Investment Professional Compensation Survey (pdf).

Firms are competing for a narrow pool of dealmakers with execution and fundraising track records, particularly as Abu Dhabi and Riyadh scale as talent hubs and absorb new funds and strategies.

The Middle East is increasingly pulling professionals from established hubs, as the appeal of the region as a private capital growth market grows. “Global and regional managers alike are increasingly optimistic, viewing the region as a growth market for capital formation, alongside a growing interest in the Middle East as a destination for investment deployment,” the report said, adding that Riyadh and Abu Dhabi in particular are emerging as talent hubs in terms of both an influx of international talent and the sustained dominance of regional senior talent.

Disclaimer: The report notes it was written before the war hit the region, and that today “market conditions have become markedly more uncertain.”

What the backdrop was like before the war: Capital was flowing into infrastructure, as well as private debt, real estate, and private equity, reinforcing the need for firms to staff up (and pay up) to deploy it.

Base salaries and bonuses have risen for two consecutive years, with around two-thirds of firms reporting increases across both. That signals a sustained reset in pay levels rather than a one-off bidding war. Managing partners are averaging around USD 750k in total direct compensation, with partners and managing directors close behind at USD 719k, and principals at roughly USD 503k.

Bonuses are doing much of the work and, at the very top, can swing outcomes enough that some partners out-earn managing partners.

After the war, it’s about who sticks and who manages to navigate the conflict: Judgment is being priced in, specifically operators who can read “geopolitical shifts, capital flows, and market dynamics as a single picture,” Shadi El Farr, regional managing partner at Heidrick & Struggles, told Arabian Business.

The outlook had been positive for MPs for the next 18 months: Nearly 78% of firms expect base salaries to rise further over the next 18 months, according to the report.

The good news: As we’ve recently noted, private capital has been holding up, even against the backdrop of regional conflict.

EGX30	46,399	-0.7% (YTD: +10.9%)
USD (CBE)	Buy 54.30	Sell 54.43
USD (CIB)	Buy 54.30	Sell 54.40
Interest rates (CBE)	19.00% deposit	20.00% lending
Tadawul	11,268	-0.1% (YTD: +7.4%)
ADX	9,601	+0.2% (YTD: -3.9%)
DFM	5,485	-0.5% (YTD: -9.3%)
S&P 500	6,583	+0.1% (YTD: -3.8%)
FTSE 100	10,436	+0.7% (YTD: +5.1%)
Euro Stoxx 50	5,693	-0.7% (YTD: -1.7%)
Brent crude	USD 109.03	+7.8%
Natural gas (Nymex)	USD 2.80	-0.7%
Gold	USD 4,680	-2.8%
BTC	USD 67,264	+0.5% (YTD: -23.2%)
S&P Egypt Sovereign Bond Index	1,021	+0.1% (YTD: +2.8%)
S&P MENA Bond & Sukuk	149.14	-0.3% (YTD: -1.8%)
VIX (Volatility Index)	23.87	-2.7% (YTD: +59.7%)

THE CLOSING BELL-

The EGX30 fell 0.7% at Thursday’s close on turnover of EGP 6.6 bn (on par with the 90-day average). International investors were the sole net buyers. The index is up 10.9% YTD.

In the green: Qalaa Holdings (+3.4%), Orascom Construction (+2.5%), and Orascom Investment Holding (+2.2%).

In the red: Abu Qir Fertilizers (-2.1%), TMG Holding (-2.0%), and Raya Holding (-1.9%).

CALENDAR

2026

APRIL

9 April (Thursday): Capmas expected to release inflation figures for March

12 April (Sunday): Coptic Easter.

25 April (Saturday): Sinai Liberation Day.

MAY

1 May (Friday): Labor Day.

21 May (Thursday): Monetary Policy Committee’s third meeting of 2026.

27-29 May (Wednesday-Friday): Eid El Adha (TBC).

JUNE

15 June (Monday): Seventh review of the IMF’s Extended Fund Facility

30 June (Tuesday): National holiday in observance of the June 30 Revolution (TBC).

JULY

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

23 July (Thursday): National holiday in observance of Revolution Day (TBC).

AUGUST

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

26 August (Wednesday): National holiday in observance of Prophet Muhammad’s birthday (TBC).

SEPTEMBER

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.

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

DECEMBER

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

EVENTS WITH NO SET DATE

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.

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

July 2026: British Prime Minister Keir Starmer set to visit Egypt.

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

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.

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.

Sections

About

Privacy & Support

Get EnterpriseAM daily

CBE puts its easing cycle on ice as inflation risks resurface

An independent publication supported by

Today at a glance

WFH take one

Related

Related

CBE puts its easing cycle on ice as inflation risks resurface

Related

This publication is proudly sponsored by

CBE clears the path for a banking takeover of fintech

Related

Five state firms head for the bourse

Related

AI, governance, and resilience: What leaders prioritized at the 7th AUC Business Forum

Related

Moody’s keeps our rating unchanged as reform momentum faces the Iran war stress test

Related

Domestic steel producers ready to fill the import gap

Related

Valmore Holding names new CIO and COO

Related

Related

Harmattan gas field to go online in 2028

Related

Gulf paychecks are the biggest in Asia -report

Related

CALENDAR

Related

About

Privacy & Support

My EnterpriseAM

Sign in

Check your email! We've sent you a magic link to sign in.

Sections

About

Privacy & Support

Get EnterpriseAM daily

CBE puts its easing cycle on ice as inflation risks resurface

An independent publication supported by

Today at a glance

Get Enterprise daily

Related

Related

Related

This publication is proudly sponsored by

Related

Related

Related

Related

Related

Related

Related

Related

Related

CALENDAR

Related

An independent publication supported by

About

Privacy & Support

My EnterpriseAM

Sign in

Check your email! We've sent you a magic link to sign in.