Four new temporary listings on the EGX

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WHAT WE’RE TRACKING TODAY

Early IMF mission expects to unlock USD 1.6 bn disbursement

Good morning, wonderful people. While the weather today is scorching, the news cycle is relatively calm. Leading the news this morning, four state-owned companies have secured temporary EGX listings as the government races to demonstrate divestment progress ahead of a 15 June IMF deadline.

Speaking of the IMF, an early mission from the Fund is already on the ground in Cairo, raising expectations of a staff-level agreement over the summer that would unlock a USD 1.6 bn disbursement.

On the monetary front, nine out of 10 analysts we polled expect the Central Bank of Egypt to keep interest rates on hold during Thursday's meeting as inflation remains well above the regulator’s target range.

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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.***

IMF summer payout on the horizon

A USD 1.6 bn disbursement from the IMF is in sight. A staff-level agreement on Egypt’s program review is expected to trigger an Executive Board vote to unlock the funding, IMF Communications Director Julie Kozack said in a press briefing on Thursday. Her remarks come a few days after a Fund mission quietly landed in Cairo to kick off the seventh review of the country’s economic reform program — more than a month earlier than originally anticipated.

The initial sentiment is optimistic, with Kozack noting that the government’s decisive policy actions have successfully eased external and fiscal pressures despite the ongoing war in the Middle East. The government filed updated structural reform credentials to the Fund before the mission arrived, intended to demonstrate that the system can weather future shocks without leaning heavily on external bailouts.

But there are challenges ahead. Kozack warned that the IMF is closely monitoring the conflict-driven energy crisis in the Middle East and its ripple effects on global fertilizer shipments. “We know from history that when fertilizer prices increase, it takes about six months or so for this to translate into increased food prices and, in some cases, reductions in yields and food security issues,” she said.

BP weighs offloading offshore assets

BP is considering selling off select natural gas assets in Egypt as part of a global restructuring effort to trim debt and prioritize higher-margin projects, Reuters reports. The potential divestment could be bad news for our natural gas markets and efforts to become a major LNG export hub along the Eastern Mediterranean corridor to Europe. The move targets BP’s joint ventures in the East Nile Delta and its operated fields in the West Nile Delta — totalling five offshore blocks, although no final decisions have been made.

Why it matters: BP has poured more than USD 35 bn into Egypt over six decades and once supplied 60% of the country’s natural gas, so this divestment would spark major change — but not an exit. Instead, it’s rebalancing toward higher-yield plays, having recently secured two new offshore exploration concessions and a 50% stake in the Temsah concession’s Denise W 1 well, which holds an estimated 2 tcf of natural gas.

Social bonds fund fiscal gap

The government issued USD 1 bn in inaugural international social bonds on Thursday at a steep 7.625% yield, Al Ahram reports, citing data from Bloomberg. The eight-year bonds received orders exceeding USD 3.9 bn, allowing the Finance Ministry to tighten pricing from the initial 8% guidance. Citi, Crédit Agricole, CIB, Deutsche Bank, and HSBC acted as joint lead managers.

The strategy: The bonds are being framed as part of a broader sovereign sustainable financing network, but they also help fulfill another purpose — funding the state’s fiscal gap. The state’s debt-servicing bill consumes an estimated 70-80% of tax revenues, and the official borrowing prospectus (pdf) identifies these issuances as a key mechanism for financing a portion of the fiscal deficit. Over the life of this bond, Egypt will pay out roughly USD 570 mn in interest on this issuance alone.

Redevelopment on El Opera

Cairo governorate will launch a public auction next week to redevelop the Opera’s administrative building in Downtown Cairo into a 175-key luxury hotel, Governor Ibrahim Saber told Al Arabiya. The building will be offered to hospitality investors under a 20-year usufruct agreement. The sale is part of the government’s goal to attract 25 mn tourists annually and add 250k new hotel rooms by 2030.

PSA-

WEATHER- It’s a scorching day in Cairo today, with the mercury standing as high as 41°C and a low of 24°C, according to our favorite weather app. Expect the mercury to remain high (around 38°C on Monday and Tuesday).

It’s enviously nicer in Alexandria, with a high of 31°C and a low of 20°C.

In a market defined by geopolitical risk, inflation, currency volatility, and declining interest rates, knowing how to manage your money has never been more important, and yet few people are really good at it.

The default in Egypt has traditionally been to dollarize, buy real estate, or stash your extra cash in a high-yield certificate of deposit, but that playbook is dying.

With an illiquid real estate market, the era of ultra-high-yield deposits coming to an end, and a rapidly expanding ecosystem of digital investment options, investors are looking for new, smarter opportunities.

In this four-part series, EnterpriseAM Money Matters will walk you through smart personal finance decisions regardless of your age, income, or starting point.

Coming straight to your inbox. Stay tuned.

The big story abroad

The business pages are focusing on the outcomes of the US-China summit in Beijing, which proved anti-climactic after failing to secure any commitments. It appears that the world’s two largest economies have returned to the familiar status quo that existed before President Donald Trump’s so-called “Liberation Day” in 2025 — a shift some are already labeling a victory for China. Ultimately, the lack of a Trump-driven paradigm shift means a precarious trade standoff remains.

More drama from the Fed: Two Trump-nominated Federal Reserve officials have criticized the Fed board’s decision to temporarily keep Jerome Powell in the position of chair until Kevin Warsh is officially sworn in. Fed board members Stephen Miran and Michelle Bowman slammed the “unlimited timeframe” of the temporary designation.

Meanwhile, on Wall Street: Although the Big Tech and AI equity rally seems as strong as ever, there is a very big asterisk, investors tell Bloomberg. Driven by optimism surrounding the AI boom, many investors are selling off government bonds, which is pushing yields higher. This spike in yields — combined with inflation risks and concentrated stock gains — could soon make corporate borrowing more expensive for tech companies while simultaneously making bonds a more attractive alternative to equities.

Speaking of which… could AI-related job cuts target entry-level jobs? Upwards of 40% of CEOs intend to slash junior roles and shift their workforce composition toward mid and senior-level roles, according to a global survey by Oliver Wyman. This appears to stem from AI agents’ ability to take on functions traditionally associated with junior positions, namely writing code and evaluating sales leads.

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Click here to explore the full experience.

Temporarily bourse-d

Four state-owned companies have secured provisional EGX listings across pharma, fertilizers, and tourism — the latest batch to join the country’s growing temporary listings, according to bourse statements.

Meet the companies:

Chemical Industries Development (CID): Issued capital of EGP 400 mn, distributed over 40 mn shares with a par value of EGP 10.00 per share;
Egyptian General Company for Tourism and Hotels (Egoth): Issued capital of EGP 3 bn, distributed over 30 mn shares with a par value of EGP 100 per share;
Misr Travel: Issued capital of EGP 125.8 mn, distributed over roughly 21 mn shares with a par value of EGP 6 per share;
El Nasr Fertilizers and Chemical Industries: Issued capital of EGP 630 mn, distributed over 63 mn shares with a par value of EGP 10 per share.

A temporary listing doesn’t necessarily mean a future float — there’s no prospectus, fair value study, or equity on offer yet. Instead, this regulatory staging step gets the paperwork out of the way for a number of pre-vetted names across different sectors, allowing the government to move fast to match potential investor demand.

Why it matters: Adding these names pushes the state’s temporary listing roster closer to its ~30-company target. The stakes are concrete — Egypt faces a 15 June deadline to demonstrate meaningful divestment progress to pass the Fund’s seventh review and unlock a USD 1.6 bn disbursement.

REMEMBER- The government has been laying the groundwork to temporarily list legacy hospitality firms Egoth and Misr Travel — both owned by the Holding Company for Tourism, Hotels, and Cinema. On the pharma front, CID has long caught the eye of Gulf investors, with Emirati and Qatari sovereign wealth funds previously said to be eyeing pre-IPO stakes of around 30% in the state-owned player.

What’s next: Temporary listings have a shelf life and come with zero promises that a sale of equity will take place. If the companies miss their six-month window to move forward with an IPO, they’re back to square one — unless they get an extension.

Playing the waiting game

The Central Bank of Egypt will likely keep interest rates on hold for the second consecutive time when its Monetary Policy Committee (MPC) meets this Thursday, according to 10 analysts and economists polled by EnterpriseAM. Experts suggest that the CBE is taking a “wait-and-see” approach, noting the need to keep inflation expectations anchored amid elevated global energy prices and geopolitical uncertainty.

Overall, inflation is cooling, but not enough: Nine out of the 10 participants expect the CBE to maintain rates at 19% on deposits and 20% on lending. The consensus is that while price pressures eased last month, inflation remains almost double the CBE’s 7% (±2%) target, so there’s little justification for resuming the easing cycle that was paused in April.

Annual urban inflation eased 0.3 percentage points to 14.9% y-o-y in April — the first decline in three months and a full point below the 15.9% consensus from 14 analysts polled by Reuters.

“Inflation rates, while reasonable, are still shadowed by high uncertainty,” EFG Hermes chief economist Mohamed Abu Basha says, expecting the CBE to stick to its cautionary stance. CI Capital and economist Ahmed Shawky also anticipate a hold scenario until there is further confirmation of a sustainable path to disinflation.

The CBE recently raised its headline inflation target to an average of 16-17% in 2026 — well above the 11% projected in the 4Q 2025 report — and 12-13% in 2027. According to the latest Monetary Policy Report, inflation will stay above the 7% (±2%) target range through 4Q 2026, and single-digit readings are no longer expected before 2H 2027.

The ramifications of regional war continue. “There are also expectations that the strait [of Hormuz] crisis will create additional pressure on the prices of plastics and a wide range of raw materials and input,” Thndr’s Esraa Ahmed tells EnterpriseAM. She attributes the April dip to a peak in poultry prices in previous months, and warns: “The risks are still high. The CBE’s recent quarterly report revised inflation forecasts upward… In this climate, I don't see them considering a cut anytime soon.”

No case for a hike: “The case for a preemptive policy rate hike is weak as downward pressures on the EGP are easing,” Al Ahly Pharos’ Hany Genena tells us. He notes that the probability of a US-Iran agreement has increased since the ceasefire entered into force and that a “high real rate buffer of around 5% provides the MPC with ample room for a wait-and-see approach.”

Quiet seas, for now. London-based economist Ali Metwally lays out three scenarios but sees “stability” as the baseline. “The logical move is to wait for inflation to hit the 11-12% mark in 3Q or 4Q before considering a gradual 1-3% cut,” he says. However, he warns of a “contingency plan” where the CBE might be forced to hike rates — not just hold them — if a fresh geopolitical shock hits the EGP or energy prices again.

And oil remains a problem. “The Fuel Automatic Pricing Committee will likely approve a 10% increase in diesel and gasoline prices in late May/June due to the q-o-q surge in average Brent expressed in EGP terms by nearly 40%,” Genena says. Beltone Holding’s Ahmed Hafez agrees: “With the Middle East conflict still weighing heavily on energy and some commodity prices, we believe risks are skewed to the upside.”

The outlier: Ehab Said is the only analyst in our poll to suggest a potential move upward. While he believes a “hold” is the most likely outcome, he argues that a 1% hike would be the “correct” decision. “The announced inflation figures do not reflect reality; actual inflation has exceeded 20%,” Said claims. He expects inflation to exceed 15% in May following recent hikes in telecommunication prices.

Built to last: the people behind 50 years of IFC in Egypt

Fifty years is a long time to stay invested in one idea: private sector-led growth is built one business, one market, and one job at a time. IFC’s partnership with Egypt began with a USD 5 mn stake in a ceramics factory outside Cairo and has grown into more than USD 10 bn across nearly 300 projects. That work sits within a broader World Bank Group commitment of more than USD 40 bn to Egypt, where World Bank policy and project support, IFC private-sector financing, and MIGA guarantees have worked together to attract investors and help markets grow.

The numbers set the scale. The people explain why it matters. In Beni Suef, Azza Ibrahim saw a busy government street and turned a small printer into a stationery business, with financing through ZAAT, Banque Misr’s women-focused program designed with IFC support. Further east, in Ras Ghareb, electrical engineer Kholoud Moustafa Bakry found her place in a different kind of energy economy at the West Bakr Wind Farm, in a city long defined by oil.

Some outcomes need decades to show their full meaning. Essam arrived at El Gouna as its first security guard when the Red Sea destination was still a construction site. Thirty years later, the desert had become a city with more than 25k residents and workers, its own utilities, schools, and hospitals — and his children now work there too. IFC first backed Orascom’s vision for El Gouna in 1997, then returned in 2025 with Egypt’s first sustainability-linked loan by a tourism company.

Other foundations of opportunity are less visible, but no less important. IFC advisory helped establish I-Score, Egypt’s first private credit bureau, giving lenders a way to assess borrowers’ credit history and helping scale the formal credit market. It later backed Fawry, then a startup testing whether Egyptians would trust payment terminals in neighborhood stores. Today, Fawry processes 2.5 mn transactions a day, serves more than 35 mn Egyptians, and became the first Egyptian fintech to list on the national stock exchange.

That is how job creation becomes more than a headline metric. It shows up when a shop opens, a technician is trained, a delivery route expands, a tourism city takes root, and businesses gain access to the systems they need to grow. Across these examples, the point is what lasts: businesses, careers, sectors, and the infrastructure that keeps opportunity moving.

Click here to read the full story.

Valu sees net income surge 78% as it enters Jordan

Financing platform Valu saw its net income surge 78% y-o-y in 1Q 2026 to EGP 221 mn, according to the platform’s latest earnings release (pdf). The bottom-line growth was supported by a 40% y-o-y rise in gross revenues to EGP 1.52 bn.

Valu entered Jordan in 1Q 2026 with a soft launch of one operational branch and c.15 onboarded merchants, CEO Walid Hassouna tells EnterpriseAM. To fund the rollout, the platform secured USD 10 mn in bank approvals from local lenders, including Bank al Etihad and Capital Bank, alongside some USD 7 mn already deployed in equity over the past six months. “[Jordan] is a very scalable market, and we’re the only player with this type of license,” he says.

Transaction volumes increased 49% y-o-y to 2.53 mn. Valu has moved well beyond big-ticket purchases and into routine spending with average tickets going very low, Hassouna says. The average customer now uses the app eight times a year and the company wants to increase that figure to 12, he adds.

Risk management over raw growth: Despite the income surge, Valu pulled its total approval rate down to 42.1% in 1Q 2026, from 54.3% a year earlier. The company chose to “tighten risk” rather than pursue volume, even as the broader market grew 50%, Hassouna says. Loan tenor was also shortened to 16 months from 19, improving liquidity rotation and reducing long-term interest rate exposure.

What’s next: While the core “U” product’s share of the mix slipped to 56%, newer verticals are where Hassouna sees a runway for growth. Earlier this month, Valu secured Financial Regulatory Authority approval to set up a dedicated SME financing subsidiary and Hassouna says the group is considering pursuing SME lending in Jordan as well. Meanwhile, the group’s auto loan product Shift is expected to see an increase in its current 31% y-o-y growth pace. The goal is to generate several offerings to absorb any shock, he says.

Raya Holding

Investment conglomerate Raya Holding saw group revenues climb 22.8% y-o-y to EGP 15.8 bn during 1Q 2026, according to the company’s latest earnings release (pdf), while net income after minority interest rose 3.7% y-o-y to EGP 384 mn.

Foreign currency-denominated revenues climbed 12.9% y-o-y to EGP 4.7 bn, making up nearly 30% of the group’s total top line. This diversification was heavily supported by Raya Customer Experience (RCX), which saw revenues rise 34.7% y-o-y to EGP 855 mn, with its predominantly USD-denominated offshore operations accounting for nearly 71% of its business.

The other three of the group’s “big four” subsidiaries are also delivering robust growth and improved margins:

Raya Trade remained the top revenue generator, contributing EGP 6.8 bn (up 42.2% y-o-y) on the back of strong consumer electronics sales.
Fintech arm Aman Holding saw its revenues jump 46.7% y-o-y to EGP 2.5 bn, driven by its entry into Saudi Arabia and the rollout of new micro-lending products.
Raya Information Technology (RIT) saw a slight 1.7% dip in revenues to EGP 3.4 bn, but its net income surged by 61.6% y-o-y as the sector shifted toward high-margin managed services and enterprise solutions.

Orascom Construction

Orascom Construction reported a sharp rise in first-quarter earnings, helped by robust growth in its US operations and a steady flow of infrastructure and industrial work across Egypt and the Gulf, according to an earnings release (pdf). Net income more than doubled to USD 53.4 mn in 1Q 2026, up 112.7% y-o-y, while revenue rose 73.2% to USD 1.5 bn.

The firm’s US business saw the biggest jump in revenues during the quarter, rising 120% y-o-y to USD 723.5 mn. Orascom attributed the performance to growing exposure to “specialized sectors,” including data centers, aviation, and advanced manufacturing. Its US backlog reached a record USD 2.9 bn as of March-end, more than doubling y-o-y.

The backlog: Its MEA backlog stood at USD 6.5 bn, with the group booking USD 1.2 bn in new awards during the quarter, led by infrastructure work in Egypt, the UAE, Saudi Arabia. Its MEA segment had the largest share of revenues at USD 744.9 mn, up 43.6% y-o-y.

Fawry

EGX-listed fintech giant Fawry saw its net income climb 23.8% y-o-y in 1Q 2026 to around EGP 749.3 mn, according to its latest earnings release (pdf). Its top line surged 34.3% y-o-y during the three-month period to EGP 2.4 bn on the back of “robust” growth across all business units.

Breaking it down: Financial services was the primary growth driver, with revenues surging 73.9% y-o-y to EGP 800.5 mn — the segment contributed more than half of overall top-line growth thanks to Fawry’s neobanking push. Revenues from banking services were up 29.8% y-o-y to EGP 924.1 mn, backed by growth in agent banking and acceptance segments. Alternative Digital Payments saw a more modest increase in revenues, which were up 2.3% to EGP 472.4 mn.

FM Abdelatty pitches SCZone to Brazilian and Indian investors

Foreign Minister Badr Abdelatty is pushing to turn the Suez Canal Economic Zone (SCZone) into a global commodities hub on multiple fronts. The minister called on his Brazilian counterpart to take concrete steps toward a proposed logistics zone for grain silos in the SCZone on the sidelines of the BRICS foreign ministers’ meeting in New Delhi. He separately lobbied the Indian commerce minister to make use of the zone as a manufacturing gateway for Indian exports targeting Arab, African, and European markets.

The pattern: We’ve been tracking the Brazilian hub since 2024, when seven Brazilian investors began feasibility studies for a logistics zone handling corn, soybeans, and sugar for regional re-export. The pitch to Brazil mirrors the playbook Egypt is running with Russia — Cairo and Moscow are exploring a grain and energy hub designed to help Russia work around Western sanctions while locking in Egypt’s access to discounted wheat, following talks between Abdelatty and Putin earlier this year.

Banking on bytes

Commercial International Bank (CIB) plans to launch its digital banking subsidiary, Yomo, in 4Q 2026, CEO Hisham Ezz Al Arab told the Arabic press (watch, runtime: 28:48). The nation’s largest private-sector lender has already secured regulatory approval to set up the digital bank’s holding company in Abu Dhabi — targeting regulatory and tax optimization — and is in the final stretch of obtaining the Central Bank of Egypt’s nod to launch the Cairo-based operating company.

IN CONTEXT- Yomo will join a wave of digital-native banks hitting the market just as interest rates begin to fall. State-owned Banque Misr is already operationalizing its digital arm, Onebank, targeting EGP 40 bn in deposits in its first year. For CIB — which is pouring EGP 300 mn into Yomo over three years — its foray into digital banking is a growth play designed to expand the market, rather than just defend its current footprint against nimble fintechs, Ezz Al Arab told us last month.

Charging up Benban

The European Bank for Reconstruction and Development (EBRD) is weighing a USD 70 mn senior debt package for the Nubia Benban solar project, with board approval expected mid-June, according to a statement from the lender. The financing will go to Nefer Benban for Renewable Energy — a special purpose vehicle jointly owned by Infinity Power Holding and HAU Energy — to develop a 200 MW solar PV plant and a 120 MWh battery energy storage system (BESS) at a total estimated cost of USD 175 mn.

This is one of the most consequential renewable energy financings to watch this year. Utility-scale BESS — which stores solar energy generated during the day for release during peak hours or overnight — is still relatively new in the country, and Benban would be a landmark deployment. The project follows a separate USD 65 mn construction bridge loan the EBRD extended to HAU Energy last month to get early-phase work underway.

What Cerebras’ IPO tells us about the 2026 AI craze

Cerebras’ IPO is the latest signal that the world is AI-obsessed. The IPO priced way above its target range of USD 150-160 — itself up from USD 115-125 initially on soaring demand — at USD 185 per share, and jumped 68% on its debut. As the largest IPO this year, raising USD 5.6 bn with an implied valuation of USD 564 bn, it’s a testament to how big of a theme AI has become across capital markets this year.

(Want to know more about Cerebras’ pitch? We dove into that, and how much of it rides on Abu Dhabi’s own AI thesis, in an earlier Planet Finance, here.)

AI stocks have soared this year. Dow Jones’ US semiconductors index, tracking chip heavyweights like Nvidia, Intel, and Qualcomm, is up more than 39% YTD. Over in Asia, South Korea’s tech-heavy Kospi has risen more than 77% this year, while Taiwan’s Taiex has notched fresh records owing to the AI rally.

There’s a contradiction when it comes to how investors view AI, which is likely why there’s also been quite a bit of volatility for AI stocks. As JPMorgan puts it in its latest mid-year outlook (pdf), there’s a discrepancy between private market investors’ demand for equity stakes in AI companies and the public markets’ view on AI firms’ debt rush and concerns that their investments might not pay off.

But JPMorgan thinks AI will be a “driver of durable returns” in the medium term, citing several positive signals for the sector, including the fact that AI will support productivity gains and, in turn, valuations.

More evidence that this will be the year of AI for capital markets: At least one more blockbuster AI IPO is expected, with Elon Musk’s venture SpaceX — which plans to put data centers in space — expected to come to market with what’s looking to be the largest IPO in history. Analysts also assign a 50/50 chance of Anthropic going public this year, and a 1-in-3 chance for an OpenAI IPO.

What to watch: How those major AI firms will trade over time, and whether “public markets validate private market valuations, and even build on them,” JPMorgan says. That “would likely bolster confidence in AI infrastructure spending,” it adds.

EGX30	53,155	-0.5% (YTD: +27.01%)
USD (CBE)	Buy 52.83	Sell 52.97
USD (CIB)	Buy 52.83	Sell 52.93
Interest rates (CBE)	19.00% deposit	20.00% lending
Tadawul	10,995	-0.2% (YTD: +4.8%)
ADX	9,678	-0.3% (YTD: -3.1%)
DFM	5,709	-0.5% (YTD: -5.6%)
S&P 500	7,409	-1.2% (YTD: +8.2%)
FTSE 100	10,195	-1.7% (YTD: +2.7%)
Euro Stoxx 50	5,828	-1.8% (YTD: +0.5%)
Brent crude	USD 109.26	+3.4%
Natural gas (Nymex)	USD 2.96	+2.3%
Gold	USD 4,562	-2.6%
BTC	USD 78,222	-1.1% (YTD: -10.7%)
S&P Egypt Sovereign Bond Index	1,049	+0.1% (YTD: +5.7%)
S&P MENA Bond & Sukuk	150.35	-0.6% (YTD: -1.0%)
VIX (Volatility Index)	18.43	+6.8% (YTD: +23.3%)

THE CLOSING BELL-

The EGX30 fell 0.5% at Thursday’s close on turnover of EGP 12.4 bn (60.3% above the 90-day average). Local investors were the sole net buyers. The index is up 27.1% YTD.

In the green: Qalaa Holdings (+9.9%), Kima (+7.2%), and Raya Holding (+5.3%).

In the red: Palm Hills Developments (-2.8%), TMG Holding (-2.0%), and Valmore Holding -EGP (-1.8%).

CALENDAR

2026

MAY

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

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.

2026: The Egyptian-American Economic Forum.

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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