Good morning, friends and happy Monday. Privatization news is leading the news well for the second morning running as the government works towards fast-tracking its privatization push as we inch closer to our fifth and sixth loan reviews with the IMF.
The latest update: The government has tapped investment banks and counsels for 10 companies ahead of offering up stakes in them.
We also have fresh investment news with Modon reportedly looking to spend EGP 45 bn developing Ras El Hekma’s infrastructure and Italian appliances player Ariston inaugurating its latest plant in Egypt — a USD 20 mn water heater factory.
And speaking of fresh investments: The Finance Ministry and the EBRD together launched a EUR 10 mn fund to help finance feasibility studies and advisory services for projects being set up through PPPs in a move that is expected to boost both local and foreign investments through the PPP model.
^^ All that and more in the news well, below.
PSA-
WEATHER- It’s another sunny day in Cairo, with a high of 35°C and a low of 24°C, according to our favorite weather app.
It’s a little cooler in Alexandria, with a high of 30°C and a low of 23°C.
WATCH THIS SPACE-
Egypt is looking to launch a new ro-ro shipping line with Germany in 1Q 2026, according to documents seen by Asharq Business. Talks are underway to lay out the logistics details related to the new route.
REMEMBER- Egypt is looking to launch ro-ro shipping lines with Saudi Arabia and Turkey before the end of 2025. This comes after the ro-ro line connecting Damietta Port with Italy’s Port of Trieste started operating in late 2024, reducing the time to send goods between the two ports to two and a half days, down from six.
SOUND SMART- A roll-on, roll-off maritime line — known more commonly as just a ro-ro line — loads and unloads cargo using either lorries or platform vehicles and then unloads them using the same set of wheels. Instead of the more laborious use of cranes and containers, using a ramp and wheeled cargo helps to dramatically reduce shipping times and in turn cut down costs — especially for short routes across the Mediterranean.
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DATA POINT-
Pharma sales jumped 56.1% y-o-y in 1H 2025 to EGP 186.7 bn, with Ibnsina Pharma maintaining its lead in the pharma distribution market with a 31.1% share, according to a press release (pdf) from the local pharma player, citing an IQVIA report.
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ICYMI- Missed this week’s Inside Industry? In our weekly vertical exploring all things industry and manufacturing, we looked at the aftermath of the government’s newly approved increase in industrial land prices by up to 250%. Check out the story here.
THE BIG STORY ABROAD-
International headlines are still dominated by the fallout from Charlie Kirk’s assassination — and now attention is turning to the suspect. Utah Governor Spencer Cox said on Sunday that 22-year-old Tyler Robinson, arrested after a 33-hour manhunt, is refusing to cooperate with investigators but will be formally charged on Tuesday. Kirk, a prominent pro-Trump activist and co-founder of Turning Point USA, was killed last week by a single rifle shot during an outdoor event at a Utah university. (Reuters | New York Times | BBC | The Guardian | Axios | Wall Street Journal)
CLOSER TO HOME- Rubio visits Netanyahu seeking answers: As Washington tries to contain the diplomatic fallout from Israel’s strike on Hamas leaders in Doha, US Secretary of State Marco Rubio arrived in Israel on Sunday for talks with Prime Minister Benjamin Netanyahu. Rubio — who met Qatar’s prime minister on Friday — is now seeking answers on “what the future holds” in Gaza and how to revive hostage and ceasefire negotiations derailed by the Doha attack. (Reuters | Politico | Associated Press | Axios | The Guardian | New York Times)

*** 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 the readiness of the local education sector for AI.





