Egyptian steel faces a total export freeze to the US

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WHAT WE’RE TRACKING TODAY

Government readies customs shakeup with fully automated export system

Good morning, folks, we kick off the last week of the month with a busy issue, led by a dive into the future of Egyptian steel after the US hiked tariffs.

Here’s what we know: Egyptian rebar exports heading to the US now face a near 80% tariff after the US introduced an additional 29.5% countervailing duty this month. This accompanied with the EU pushing ahead with CBAM, local steel players appear to have a tough 2026 ahead.

Also in today’s issue: We have a latest update on the Orascom Construction-OCI Global merger — Orascom Construction’s shareholders signed off on the move but OCI Global continues to face regulatory hurdles; A first look at the upcoming parliamentary agenda; And a look into BMI’s crystal ball.

PSA- Today is 25 January Revolution and Police Day — but you likely still have work. Public and private sector workers are getting Thursday, 29 January — instead of Sunday, 25 January — as a paid holiday in observance of the 25 January Revolution and Police Day, Prime Minister Moustafa Madbouly announced last week.

***

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.
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AND- Tap or clickhere to take our annual EnterpriseAM Executive Sentiment Survey and let us know what you think about:

Whether business conditions will improve in 2026;
The biggest issue your business faces today;
What you think AI will mean for your company;
Where you see the EGP vs the USD this year;
And more…

^^ We’ll have the results in an upcoming issue.

WEATHER- The brisk weather continues in Cairo today, with a high of 22°C and a low of 12°C, according to our favorite weather app.

It’s much the same in Alexandria, with a high of 22°C and a low of 11°C.

Watch this space

CUSTOMS — The Madbouly government is preparing to launch a fully automated export system on April 1, two senior government officials tell EnterpriseAM. Based on the Unified Consignment Reference (UCR) and integrated into the Nafeza platform, the system is designed to slash customs clearance times from the current average of eight days to just 48 hours — and eventually, to a matter of hours.

The move to say goodbye to paper-based procedures will bring 32 government entities, 130 customs entry points, 445 international shipping lines, and exporters onto one platform, one of the sources tells us. This integration will speed up approvals for the roughly 2k export certificates issued daily to just a matter of minutes, with exporters notified automatically on any updates, the source added.

The adoption of the World Customs Authority standard UCR system will provide customs officials with a single audit trail from order to border. The universal tracking ID for shipments that links commercial data to transport documents to provide a single and complete audit trail from the point of origin to the final destination is expected to accelerate clearance times by helping Egypt move toward risk-based inspections, instead of blanket manual checks, and reduce foul play.

Why it matters: If the government is to hit its ambitious USD 145 bn annual export target by 2030, it has to provide liquidity to exporters when they need it. Under the EGP 45 bn export support program in the current fiscal year, some exporters wait up to six months after the shipment leaves port before they receive any financial support, we were told. The new system — which we are told will also not result in additional fees for exporters — will enable export investments to be paid out immediately.

IPO WATCH — Gourmet is looking to raise up to EGP 1.3 bn by taking thecompany public, offering a 47.6% stake at an indicative price range of EGP 6.20-6.90 per share, according to an announcement (pdf) out yesterday. This gives the grocer a market cap of EGP 2.5-2.8 bn.

The final share price is expected to be announced next Sunday and we can expect trading to start “on or around Monday, 9 February.”

Institutional investors can compete for 80% of the 191 mn shares on offer between today and Thursday, when the institutional subscription round is expected to close. The subscription period for retail investors kicks off today and will extend until Wednesday, 4 February.

Gourmet listed on the EGX last week, under the ticker GOUR.CA.

REGULATION — Could we see the House ban teenagers from using social media? President Abdel Fattah El Sisi has urged lawmakers “to restrict mobile phone access for young age groups” during his Police Day address yesterday (wa tch, runtime:3:55:30). It is likely El Sisi was referring to a social media ban and not a restriction on children’s access to mobile phones in general — he cited Australia, which recently banned children under 16 from using social media, and the UK, which is mulling a similar move .

We didn’t see that coming, especially after a senior government official told us earlier this month that the CIT Ministry is taking the position that technology should be embraced for all ages in a positive way. The source said that some members of parliament have been kicking around the idea of restricting social media access, but it hasn’t been discussed by the government.

House is already working on it: The House Communications Committee is looking into drafting a legislation to restrict the use of social media and some video games by children under a “certain age,” Committee Chairman Ahmed Badawi told El Sora’s Lamees El Hadidi (watch, runtime: 6:18). The goal is to protect children from cyber-fraud, online gambling, and harmful or violent content. The legislation also aims to ban apps and games that pose an imminent danger to children or adults.

ALSO FROM EL SISI — Any Palestinian displacement will lead to mass migration to Europe: The President reiterated his stance regarding the displacement of Gazans, warning that any attempt to displace Gaza’s 2.5 mn population will result in a mass migration wave, with thousands heading towards Europe.

Happening today

US Deputy Secretary of State Christopher Landau is in Cairo today to kick off a multi-country tour of Africa, aimed at advancing the Trump administration’s commercial and security agenda, according to a statement from the US State Department. During his stop in Egypt, Landau will meet with senior government officials to discuss regional security cooperation and strengthening the bilateral economic relationship.

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The big story abroad

US President Donald Trump has threatened Canada with a 100% tariff if it strikes a trade pact with China, accusing Canadian Prime Minister Mark Carney of turning the US’ northern neighbor into a “Drop Off Port” for Chinese goods. The trade escalation comes days after Carney announced a partnership with Beijing — its second largest trading partner after the US — to mutually reduce tariffs on certain products, including Chinese electric vehicles and Canadian agricultural products.

Meanwhile, a massive winter storm is making its way through the US, triggering power outages and more than 4k flight cancellations. Over 22 states have declared a state of emergency as they brace for the cold.

ALSO WORTH READING THIS MORNING- Europe risks being overtaken by the US and China if it doesn’t spur business practices, business elites departing Davos have said, pointing the finger at the continent’s bureaucratic obstacles, over-regulation, and lack of consolidation in resources. (Bloomberg)

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It is a destination designed for athletes, teams, and partners, where sport, lifestyle, and community align, and where sport lives beyond the game.

Egyptian steel faces a total export freeze to the US under hiked tariffs

The US market is no longer an option for Egyptian steel. The US Department of Commerce imposed a preliminary 29.51% countervailing duty on Egyptian rebar earlier this month, claiming that local producers benefit from unfair government subsidies. The duties come on top of the Trump administration’s decision to double duties on steel imports to 50% in June, bringing the combined tariff rate to nearly 80% and putting the price of Egyptian steel above well above the cost of US-made alternatives.

We could even see the combined rate top 100%, with a separate anti-dumping investigation potentially adding another 20-30% next May, Chamber of Metallurgical Industries Vice Chairman and El Marakby Steel Chairman Hassan El Marakby tells EnterpriseAM.

Why it matters: In 2024, Egypt was the top source of rebar imports to the US, shipping some USD 175 mn worth of steel as local producers aggressively filled the gap left by other sanction-hit markets. That volume is exactly what triggered the US regulatory backlash. For many steel producers, one of their most lucrative hard-currency corridors has just been closed, El Marakby said.

This is the first major geopolitical test for Ezz Steel since it voluntarily delisted from the EGX in March 2025. At the time, management sought flexibility to navigate global volatility. Being a private company today means Ezz doesn’t have to explain a massive Q1 export hit to retail shareholders, but it doesn’t solve the underlying problem — where does the steel go now?

What’s next? Expect an immediate freeze. No producer will ship to the US right now given the risk of duties being applied retroactively, argued El Marakby. With the US closed and the EU tightening its carbon border taxes (CBAM), the focus will likely shift either to accelerating green investments to clear European climate requirement hurdles, looking towards regional reconstruction projects in Libya and other nations, or doubling down on an already oversupplied local market.

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

Orascom Construction shareholders approve OCI deal, but the seller can’t sign yet

Orascom Construction shareholders gave its board the green light to proceed with the acquisition of OCI Global’s construction business, the ADX and EGX-listed company disclosed following a general assembly meeting on Thursday (pdf). The only snag? The seller is currently barred by a Dutch court from signing on the dotted line.

Orascom Construction and OCI Global want to merge, creating what they’re billing as a “global infrastructure and investment platform.” The merged entity would have a USD 14 bn backlog and decades of experience managing projects across Egypt, the GCC, the United States, Europe, and emerging markets. The transaction would see Netherlands-listed OCI Global shareholders swap into Orascom Construction, after which OCI would be liquidated and delisted from the Euronext Amsterdam.

A show of readiness: Orascom Construction’s general assembly convened just three days after a Dutch court blocked OCI Global from voting on the merger on its own side. Here’s shareholders agreed on:

98.01% of voting shares approved the potential transaction;
Shareholders authorized a capital increase to USD 207.4 mn, nearly doubling paid-in capital, to facilitate the share swap;
The board received approval to issue 0.4634 new Orascom Construction shares for every OCI share and to seek approval to list them on the ADX;

What it means: By pushing ahead with the vote, Orascom Construction has signaled that the transaction has effectively cleared every hurdle that matters in MENA. The vote came as shareholders of Orascom Construction and OCI Global look to combine the two businesses.

What’s next

The next move now lies entirely with OCI Global — or more precisely, with the two soon-to-be appointed independent directors, who the court ruling has granted the power to oversee and veto any merger.

Egyptian bn’aire Nassef Sawiris, who backs both Orascom Construction and OCI, could also push to either rework the structure to satisfy the Dutch court — potentially through concessions such as a dual-listing or enhanced investor access — or abandon the current framework altogether. Until then, the long-planned merger looks effectively on hold.

Egyptian expats are doing the heavy lifting for the current account, as remittances outpace tourism 2x and Suez Canal receipts 10x

Egypt’s current account deficit narrowed by a significant 45.2% y-o-y to USD 3.2 bn in 1Q FY 2025-26, down from USD 5.9 bn a year earlier, according to recently released figures (pdf) from the Central Bank of Egypt. The uptick was driven by a near 30% y-o-y rise in remittances to over USD 10 bn and an increase in the services surplus on the back of tourism and Suez Canal revenues.

But while the current account healed, the balance of payment deficit widened 61.4% to USD 1.6 bn, up from USD 991.2 mn a year earlier. Driving the disparity was not capital flight, but local banks restocking local currency buffers. The USD 3.8 bn of inflows recorded in the three-month period last year were replaced by a USD 366.5 mn outflow at the start of this fiscal year as banks increased their foreign assets by USD 5.3 bn.

Why it’s important: Remittances have never been more important to the country’s economic health, with the USD 10.8 bn (up 29.8% y-o-y) sent from workers abroad in the first quarter of the fiscal year — nearly double the USD 5.5 bn from tourism (up 13.8% y-o-y) and ten times the USD 1.1 bn brought in by the Suez Canal (12.4%).

Despite the Suez Canal still having a way to go on its recovery, “this is the highest quarterly revenue since the outbreak of the crisis, surpassing the USD 1 bn mark for the first time during this period,” Thndr’s Esraa Ahmed tells EnterpriseAM. This represents “an encouraging development reflecting a relative improvement in shipping traffic,” she added.

The non-oil trade deficit also narrowed 4.0% to USD 9.5 bn, supported by a USD 1.9 bn jump in export proceeds to USD 9.8 bn — concentrated in gold, electronics, agricultural products, and ready-made garments — that helped outweigh a smaller USD 1.5 bn increase in non-oil imports to USD 19.3 billion.

But energy import costs are increasing their strain on the deficit, with the oil trade deficit up nearly USD 1 bn to USD 5.2 billion as oil imports rose USD 1.0 bn to USD 6.4 bn. In contrast, oil exports inched up only USD 63.6 mn to USD 1.3 bn as oil product and natural gas exports slightly outpaced a fall in crude exports.

The investment income deficit also weighed down the headline figure, rising 2.3% over the period to USD 4.4 bn as interest payments and transfers outpaced investment returns from abroad. The rate of foreign investment also slowed, coming in at USD 2.4 bn for the quarter, down from USD 2.7 bn the year before. “FDI came in at its usual average levels during periods that do not witness major transactions, exits, or exceptional investments, with no unusual inflows recorded,” Ahmed said.

A sneak peak into the upcoming parliamentary agenda

MPs are gearing up for a heavy legislative agenda, with the state working to introduce a set of new laws for the newly elected House. Here’s a rundown of what we know so far:

The once-planned adoption of a capital gains tax (assuming lawmakers agree) will be formally scrapped and replaced with a stamp duty under legislative amendments under legislation set to be introduced in February, two senior government sources told EnterpriseAM. The originally planned 10% tax on earnings will be replaced by a fixed 0.125% stamp duty on transactions.

Amendments to the Capital Market Law will also begin the process of transforming the EGX into a joint-stock company. This follows the Tadawul and DFM model, signaling that the exchange itself could be headed for an IPO.

Proposed changes to the Customs Law will also be introduced to let companies pay taxes in installments. The move will give manufacturers and others a certain level of working capital respite from having to pay duties in full at the point of entry.

The legislative agenda includes amendments to the Real Estate Tax Law, including a Senate-approved move to increase the annual tax exemption limit for rental income to EGP 50k or even EGP 100k, up from the EGP 24k rate under the current law. Senate discussions on the topic earlier this month saw senators argue in favor of raising the threshold to account for rising inflation and suggest doubling the originally proposed threshold to EGP 100k.

Legislative amendments to establish a digital platform to resolve disputes between consumers and local or foreign entities are also being cooked up, a government source told EnterpriseAM. The in-the-works proposal being prepared under changes to Consumer Protection Law will include a special section for e-commerce, we were told.

The clampdown on electricity theft is also set to continue tomorrow, with proposals set to be introduced to introduce tougher penalties.

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

BMI emerges as the most bullish voice on Egypt’s 2026 recovery

Fitch Solution’s research unit BMI now sees the country’s growth accelerating to 5.3% in the current fiscal year, up 0.3 percentage points from their October forecast, BMI MENA Country Risk Senior Analyst Mariette Kas-Hanna said in a webinar attended by EnterpriseAM. “The main growth drivers in Egypt will be stronger investment as cost pressures and interest rates fall, normalizing imports and firmer exports,” Kas-Hanna noted.

Why it matters: This is only the latest growth projection upgrade to catch our attention, with the IMF only last week raising its prediction for the fiscal year to 4.7%, up 0.2 percentage points from its October projection. BMI’s outlook, however, stands out as the most optimistic and seems to be ahead of the Madbouly government’s expectation that the economy will grow “no less than” 5.0% in the 12-month period ending June.

The research unit sees decent progress on the inflation front, with headline inflation “trending down through the year” to near the upper end of the central bank’s 7% (±2 percentage points) target for 4Q 2026. Supporting the outlook is a stable EGP, which BMI forecasts to hold at between 47 and 49 against the greenback.

This cooling will allow the Central Bank of Egypt to be aggressive with its easing cycle, with BMI forecasting 600 basis points of rate cuts in 2026, followed by another 300 bps in 2027, BMI MENA Country Risk Senior Analyst Abdalla Saleh said. Crucially, falling interest rates will provide immediate relief to the government budget, as 35% of Egypt’s debt is short-term and highly sensitive to rate changes, they added.

Despite the optimism, Hanna warned of a growing reliance on portfolio inflows, which now account for half of Egypt’s total reserves, making the country “more sensitive to shifts in investor sentiment,” Kas-Hanna said. While portfolio inflows proved to be “resilient” in the 12-day war between Iran and Israel, future escalation could see this concern become an issue, she added.

The Suez Canal is finally showing signs of life, but the global press remains wary

TheWashington Post offered a boots-on-the-ground look at the Suez Canal’s control room in Ismailia, where radar screens track returning vessels transiting the canal. Since the October Gaza ceasefire took hold, daily transits have increased to an average of 45 ships, up from a 35-ship average before the truce, but still below the 70 vessels per day before the conflict.

The risk of future conflicts still hangs over the canal’s recovery, as “no carrier wants to return to the Red Sea, only to get out of there again,” Acled senior Yemen analyst Luca Nevola told the Post. While the Houthis have said they will resume attacks on passing vessels if they start its operations in Gaza, Nevola warns that a future conflict with Houthi-ally Iran could also lead to renewed Red Sea attacks.

World’s largest producer of specialty phosphorus chemicals signals Egypt mining pivot with USD 2 bn Golden Triangle hub

China’s Xingfa plans to invest USD 2 bn in an integrated industrial complex in the Golden Triangle Economic Zone, according to a statement from the Oil Ministry. The project, which would be Xingfa’s largest outside China, will span three phases covering the exploration and extraction of phosphate and the production of high-value downstream chemicals.

Why this matters: While Egypt holds one of the world’s largest phosphate reserves, it has historically functioned as a low-margin exporter of raw ore. Xingfa’s entry suggests a shift toward industrial localization. Xingfa specializes in chemicals used in electronics, food additives, and pharma — products with significantly higher margins than the raw rock Egypt currently ships.

Polaris Parks doubles down on Egypt with 6 mn sqm industrial land bid

Industrial developer Polaris Parks is in negotiations to acquire 6 mn sqm of land in East Cairo and the New Capital, General Manager Bassel Shoirah tells EnterpriseAM. The developer is doubling down on Egypt’s industrial potential despite current headwinds, aiming to attract USD 3 bn in local and foreign investment over the next five years to its new zones in New October and Sadat City, he added

The expansion plan is split across two major geographical clusters, with the Polaris seeking 2-4 mn sqm in the Tenth of Ramadan, Badr City, or Obour City. The firm is currently awaiting a response from the Industrial Development Authority regarding land allocation.

The developer also expects to ink a final contract with the Administrative Capital for Urban Development shortly for 2 mn sqm, following a previously signed MoU for the EGP 6 bn project.

The Agriculture Ministry is moving to unlock new Asian markets as local poultry producers call for an export lifeline

Egypt is positioning itself as a halal poultry hub for the Philippines as local producers hunt for an exit from a domestic supply glut, according to an Agriculture Ministry statement. A Filipino representative that met with Agriculture Minister Alaa Farouk expressed his interest in frozen halal poultry exports to serve the Philippines’ 8 mn-strong Muslim population.

The move comes as the domestic industry faces a critical supply glut, with local prices falling below production costs with a 20% production surplus. In response, the Egyptian Poultry Association is requesting the ministry open export markets in seven African nations, including Ghana, Kenya, and Ivory Coast, to help producers break even, EnterpriseAM reported last week.

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

Global FDI rises in 2025, but recovery is skewed toward developed economies — and importantly, AI

Global foreign direct investment rose 14% y-o-y last year to USD 1.6 tn, marking a rebound after two consecutive years of decline, according to preliminary UN Trade and Development data in its Global Investment Trends Monitor report (pdf). But the headline figures hide a stark reality — it was mostly only developed nations that saw an uptick in FDI flows, and this was driven by a surge of AI and data center investment.

By the numbers: Developed nations saw FDI flows increase 43% last year to USD 728 bn, accounting for some 55% of total global FDI. While in stark contrast, developing economies saw flows fall 2% to around USD 877 bn, and flows to least developed countries were “stagnant or declining” in three quarters of cases.

Data centers — which are almost exclusively limited to developed nations — alone accounted for 20% of all global greenfield project values last year, with announced investments exceeding USD 270 bn. Alongside this, investments in semiconductor projects were up 35% throughout the year.

In contrast, greenfield projects in renewable energy dropped by 28% to USD 197 bn as investors increasingly pull back from large-scale green infrastructure due to revenue risks and regulatory uncertainty, opting instead for the high-margin, proprietary infrastructure of AI.

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

EGX30	46,462	+0.9% (YTD: +11.1%)
USD (CBE)	Buy 47.08	Sell 47.22
USD (CIB)	Buy 47.10	Sell 47.20
Interest rates (CBE)	20.00% deposit	21.00% lending
Tadawul	11,134	+1.7% (YTD: +6.1%)
ADX	10,286	-0.2% (YTD: +2.9%)
DFM	6,484	-0.2% (YTD: +7.2%)
S&P 500	6,916	0.0% (YTD: +1.0%)
FTSE 100	10,143	-0.1% (YTD: +2.1%)
Euro Stoxx 50	5,948	-0.1% (YTD: +2.7%)
Brent crude	USD 65.88	+2.8%
Natural gas (Nymex)	USD 5.28	+4.6%
Gold	USD 5,017	+1.4%
BTC	USD 89,296	0.0% (YTD: +2.0%)
S&P Egypt Sovereign Bond Index	1,005.63	+0.1% (YTD: +1.3%)
S&P MENA bond & sukuk	151.61	+0.2% (YTD: -0.2%)
VIX (Fear gauge)	16.09	+2.9% (YTD: +7.6%)

THE CLOSING BELL-

The EGX30 rose 0.9% at Thursday’s close on turnover of EGP 7.4 bn (35.5% above the 90-day average). International investors were the sole net buyers. The index is up 11.1% YTD.

In the green: Abu Qir Fertilizers (+6.4%), Valmore Holding -EGP (+4.6%), and Mopco (+3.4%).

In the red: Qalaa Holdings (-3.0%), Telecom Egypt (-2.0%), and Palm Hills Developments (-1.9%).

CALENDAR

2026

JANUARY

25 January (Sunday): Revolution Day / Police Day.

FEBRUARY

3 February (Tuesday): S&P Global to release PMI figures for January.

10 February (Tuesday): Capmas expected to release inflation data for January.

10-12 February (Tuesday-Thursday): Gitex Global’s AI Everything Middle East & Africa Summit

12 February (Thursday): Monetary Policy Committee’s first meeting of 2026.

19 February (Thursday): First day of Ramadan (TBC).

MARCH

15 March (Sunday): IMF to hold its seventh review of Egypt’s USD 8 bn EFF arrangement.

21 March: (Saturday): Eid El Fitr starts (TBC).

30 March – 1 April (Monday-Wednesday): Egypt International Energy Conference and Exhibition 2026 (EGYPES)

APRIL

2 April (Thursday): Monetary Policy Committee’s second meeting of 2026.

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:

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

Early 2026: The government will launch the second package of tax breaks.

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

1Q 2026: Turkish President Tayyip Erdogan to visit Egypt

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

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.

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Egyptian steel faces a total export freeze to the US

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Government readies customs shakeup with fully automated export system

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Egyptian steel faces a total export freeze to the US under hiked tariffs

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Orascom Construction shareholders approve OCI deal, but the seller can’t sign yet

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Egyptian expats are doing the heavy lifting for the current account, as remittances outpace tourism 2x and Suez Canal receipts 10x

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A sneak peak into the upcoming parliamentary agenda

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BMI emerges as the most bullish voice on Egypt’s 2026 recovery

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The Suez Canal is finally showing signs of life, but the global press remains wary

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World’s largest producer of specialty phosphorus chemicals signals Egypt mining pivot with USD 2 bn Golden Triangle hub

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Global FDI rises in 2025, but recovery is skewed toward developed economies — and importantly, AI

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