Hot money inflows rise to USD 38 bn

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What We're Tracking Today

Emirati President Sheikh Mohamed bin Zayed landed in Cairo yesterday

Good morning, all. We don’t know about you but we have already started counting down to the Eid break as we slide into the last full workweek of Ramadan. We kick off the week with news of hot money inflows rising as investors sit tight awaiting rate cuts, the government looking to issue retail bonds, and Kuwait looking to up its investments in Egypt over the coming months.

So, when do we eat? Maghrib prayers are at 6:08pm in the capital, and you’ll have until 4:27am tomorrow to hydrate and caffeinate ahead of fajr.

Emirati President Sheikh Mohamed bin Zayed Al Nahyan landed in Egypt yesterday, where he was received by President Abdel Fattah El Sisi. The two leaders discussed efforts to enhance cooperation between their two countries across a number of fields, according to an Ittihadeya statement. It is unclear how long the Emirati leader will be in town for.

PSA-

WEATHER- It’s getting warmer again in Cairo, with today seeing a high of 22°C and a low of 14°C, according to our favorite weather app.

It’s a little colder in Alexandria, with a high of 21°C and a low of 12°C.

** DID YOU KNOW that we now cover Saudi Arabia and the UAE?

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WATCH THIS SPACE-

The Finance Ministry is looking to amend the property tax law to raise the exemption threshold to EGP 4-5 mn, up from EGP 2 mn currently, in light of rising property prices and inflation, a senior government official confirmed to EnterpriseAM, following an Asharq Business report. The change — which would come into effect at the start of the new fiscal year — would come as part of a larger package of changes to property taxes, which will also include payment facilities for taxpayers and regulatory changes.

The government also plans on more than doubling its annual tax revenue target to EGP 22 bn in the new budget, up from some EGP 8 bn targeted in the current fiscal year.

We’ve been on the lookout for important property tax changes for the last few months after Deputy Finance Minister for Taxes Sherif Al Kilani told EnterpriseAM that the ministry was considering either raising the cap or exempting private family residences entirely, while taxing additional properties. A phased rollout of the revised law is under consideration, starting with areas that have seen significant urban expansion, such as the North Coast, Sheikh Zayed, and the Fifth Settlement, before expanding nationwide, Al Kilani told us.

RED SEA WATCH-

Shipping goliath Hapag-Lloyd’s plans to return to the Suez Canal will remain on ice, said CEO Rolf Habben Jansen in the company’s a nnua l report (pdf), citing safety concerns. Looking ahead, the firm penciled in 2H 2025 for the gradual resumption of traffic.

IN THE HOUSE-

The House is back in session: MPs are back in session after a two-week break to give their final vote on the draft Labor Law, which got preliminary approval last month, five foreign agreements, and kick off discussions of the draft Medical Liability and Patient Protection Law, which got the green light from the Senate in December.

What foreign agreements? MPs will vote on a presidential decree to establish the Saudi-Egyptian Supreme Coordination Council. The council was announced in October and will be chaired by President Abdel Fattah El Sisi and Saudi Crown Prince Mohammed Bin Salman. MPs will also vote on an amendment to the agreement establishing the European Bank for Reconstruction and Development, which will expand the bank’s operations to sub-Saharan Africa and Iraq.

That’s not all: MPs will vote on three foreign grant agreements on Tuesday — a JPY 500 mn Japanese grant to support a socio-economic development program, a second JPY 180 mn grant from Japan to upgrade the Opera House, and a EUR 300k grant from the Spanish Agency for International Development Cooperation to support local startups and boost job creation among youth.

HAPPENING TODAY-

Who are the winners of the latest iteration of the Smart Green Projects initiative? A presser will be held today to announce the winning projects of the third iteration of the government’s Smart Green Projects initiative, according to an invitation shared with EnterpriseAM. The initiative has been around since 2022, with the aim of shining the light on some of the most promising green projects the country has to offer.

CIRCLE YOUR CALENDAR-

French President Emmanuel Macron is coming to Egypt on 7-8 April, the head of state told reporters on Thursday (watch, runtime: 22:55). The state visit will include a session on efforts to end Israel’s war in Gaza, he said, without providing any further details of the trip.

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

THE BIG STORY ABROAD-

Israel threatens Gaza annexation if hostages remain in captivity: Israeli Defense Minister Israel Katz threatens that Israeli forces would begin seizing territory in Gaza, forcing civilians to evacuate more areas, unless Hamas releases remaining hostages. “The more Hamas continues its refusal to release the hostages, the more territory it will lose to Israel,” Katz said on Friday. Hamas said that it is looking into a US proposal to mend the collapsed truce, but declared that any future potential agreements must lead to a permanent end to the war. This comes after Israeli forces restarted ground operations in Gaza following the collapse of a two-month ceasefire. (Bloomberg | New York Times | The Guardian | CNN | BBC | Reuters)

AND- Israel-Hezbollah truce under pressure after cross-border fire: Israel launched multiple airstrikes on Hezbollah-controlled areas in southern Lebanon over the weekend, claiming retaliation for attacks fired from the Lebanese side of the border — strikes that Hezbollah has denied. The Israeli army “struck dozens of Hezbollah rocket launchers and a command center from which Hezbollah terrorists were operating in southern Lebanon,” the IDF said in a post on X. The cross-border escalation marks the most significant breach of the four-month truce between Israel and Hezbollah. (Bloomberg | BBC | AP | Reuters | CNN)

IN OTHER NEWS- Turkish authorities have extended a ban on demonstrations and imposed travel restrictions in and out of Istanbul in a bid to control protests that broke out following the detention of popular opposition figure and Istanbul Mayor Ekrem Imamoglu. Imamoglu — widely seen as President Recep Tayyip Erdogan’s most formidable rival — was taken into custody last week on charges of corruption and terrorism, which he denies. We have more on what the move means for the Turkish market in the news well, below. (Reuters | Bloomberg | New York Times | BBC | AP | CNN)

Hot money inflows rise to USD 38 bn amid declining inflation, anticipated rate cuts

Foreign investors have significantly increased their purchases of government debt instruments, leading to a resurgence in hot money inflows following a slight blip at the beginning of the month that was driven by the maturity of one-year t-bills. Foreign holdings of public debt have returned to their pre-December levels, reaching approximately USD 38 bn, a senior government official told EnterpriseAM.

Last week in particular was a busy one for the debt market as foreign investors bought over USD 2 bn in government debt instruments, our source tells us. The Finance Ministry issued debt instruments worth EGP 205 bn on Thursday and Sunday of last week to cover maturing debt obligations, with the issuances receiving strong demand from foreign investors, according to data from the Central Bank of Egypt’s website.

Why now? The source attributed the rise in demand from foreign investors to declining infla tion figures coupled with expectations of an interest rate cut from the CBE in April — both of which are driving investors to buy one-year and nine-month debt instruments. Demand has also increased for t-bills with a 91-day maturity amid geopolitical tensions, the source added.

Rising demand brought down the yield on debt instruments, with the average yield on government debt instruments declining by around 2-3 percentage points, the source said. Demand was highest for 91-day and 182-day treasury bill auctions, with the two auctions receiving offers totaling EGP 533 bn for a targeted amount of just EGP 110 bn. This reduced the yield to 27-28%, compared to a previous average range of 27-31%.

The new issuances are intended to finance maturing debt, with a smaller portion allocated to bridging the fiscal deficit — which explains why the Finance Ministry is accepting high yields, our source told us. The ministry has increased its loan requests from local banks to approximately EGP 1.8 tn during the current quarter of the fiscal year to meet debt obligations. Inflows from foreign investors are expected to continue in the near term to help offset losses in the equity market, our source added.

More debt issuances are on their way, our source told us, explaining that the ministry is currently expanding the issuance of various debt instruments to reduce the cost of public debt servicing and that preparatory steps are underway to issue sukuk in the domestic market, though no specific timeline has been set yet. The ministry is also looking to issue treasury bonds with variable interest rates, as well as zero-interest loans and traditional debt instruments.

The current wave of investment in treasuries reflects strong demand from foreign investors as the quarter nears its end, banking expert Mohamed Abdel Aal told EnterpriseAM. Investors are seeking to lock in high interest rates for as long as possible, which has helped stabilize FX liquidity in the interbank market and kept the exchange rate steady despite geopolitical tensions and economic upheaval, Abdel Aal said.

Abdel Aal projected that the exchange rate would stabilize around EGP 50.75 due to the inflows, which have helped strengthen the EGP at this time — indicating that foreign investment inflows into debt instruments are outpacing outflows. Maintaining these inflows will also support the CBE’s gradual shift toward an interest rate-cutting policy.

Kuwait eyes state-owned company stakes and more in push to increase Egypt investment 20% in 2025

Kuwait is looking to up its investments in Egypt to USD 5.3 bn by the end of the year, equal to a 20% jump in the GCC nation’s investments in Egypt, two unnamed government sources told Asharq Business. In the longer term, Kuwait wants to increase its investments to USD 10 bn in the coming years, one of the sources added, without giving a clear-cut timeframe.

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

Acquiring stakes in state-owned companies is part of the plan, the sources told the outlet, without naming the companies or saying if they are part of the ten companies the government has earmarked for strategic investor stake sales and EGX listings in 2025. Other investment targets include industries like pharma, food security, tourism, agriculture, automotive manufacturing, banking, renewable energy, public transportation, and green hydrogen, one of the sources said. A portion of the funds will be directed toward tourism projects on the North Coast and the Red Sea, including new hotel developments.

Kuwaiti investors also want to manage some of our airports: One of the sources said that Kuwaiti investors are interested in our airport privatization plans. The International Finance Corporation expected to reach an agreement with the government on its privatization plan for the management of 11 airports this month. The IFC’s full airport privatization plan will reportedly be out around July.

REMEMBER- Prime Minister Moustafa Madbouly was in Kuwait last month for meetings with senior officials from the Gulf nation for discussions on topics, including trade and investment. Madbouly put forward a bunch of potential investments on the table in the agriculture and pharma sectors and on the North Coast and the Red Sea.

Egypt to issue retail bonds this year

The government is planning to launch a retail bond market in 2025 as part of the government’s efforts to diversify its public debt instruments, a government source told EnterpriseAM. The move would allow individuals for the first time the option of purchasing government debt instruments and reduce the government’s debt service payments, we were told.

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

Retail bonds? A government-issued retail bond is debt that is sold directly from a government to individuals. Countries issue retail bonds like the US Savings Bonds and UK Premium Bonds as a way to borrow money from the public in exchange for interest payments or some other type of return. Unlike some other forms of debt, government-issued retail bonds are stable, predictable, and often cheaper, with the added benefit of being an effective monetary policy tool if need be.

The move comes amid an uptick in interest in treasury bills and bonds, which was driven by individuals investing in the instruments through custodians and dealing banks. Adjacent to this is an upcoming study by the government on how to diversify public debt, which is nearing completion, the source told us.

The effort has already got the backing of the World Bank, which is helping to study and test the proposal, our source told us. The legislative framework around who can trade in public debt instruments and other regulatory measures for banks and the Financial Regulatory Authority has yet to be made ahead of the launch.

Energean terminates USD 945 mn sale of Mediterranean assets to Carlyle

Energean will be keeping hold of its Egyptian assets — for now at least — after the LSE-listed oil and gas company decided to cancel its sale and purchase agreement with global investment firm Carlyle for its assets in Egypt, Italy, and Croatia, according to a statement (pdf) from Energean. The USD 945 mn sale would’ve seen Carlyle use the acquisition to form a new Mediterranean-focused oil and gas company chaired by former BP CEO Tony Hayward.

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

The decision came after Carlyle missed a 20 March deadline to secure the necessary approvals, which the statement lists as the customary regulatory approvals from Egypt and Italy, in addition to antitrust approvals from the countries and the Common Market for Eastern and Southern Africa — more commonly known as Comesa. The two companies were not able to agree to extending the deadline.

Energean saidlast week that the agreement could be terminated. At the time, Energean’s CEO Mathios Rigas stressed that if the transaction was canceled, the company would “assess all strategic options, focusing, as always, on the best interests of our shareholders keeping in mind the need for diversification, scale, dividend accretion and growth.”

The sale would’ve seen Energean receive more than three times the USD 284 mn that it paid to buy the assetsfrom Edison in 2020. Energean’s Egyptian-producing assets include a 100% stake in the Abu Qir concession — one of Egypt’s largest. The company also has complete ownership of its under-development North East Almreya and North Idku concessions, along with a 50% stake in the exploratory East Biur El Nus concession and 30% share in the exploratory North East Hap’y concession, according to the company’s website.

“Italy, Egypt, and Croatia will remain core pillars of our operations, and we look forward to driving further investment, development, and value creation in all countries,” said Rigas. The head of the company added that “our commitment to the Mediterranean and the wider region is unwavering, and we will continue to expand our portfolio, support energy security, and deliver sustainable growth in the years ahead.”

Energean will let us all know the new plan for the collection of assets shortly, when it gives a strategy update in its May Trading Statement and Operational Update, the company said.

Market reax: Energean shares rose 3.68% on Friday following the news to close at GBP 8.73.

The international press also picked up the story: Reuters.

HSBC launches first-of-its-kind cash management solution

For all of our treasurers out there: HSBC is the first bank in the Middle East to offer daily automated cash concentration — including weekends and holidays — giving corporate clients a leg-up in managing liquidity in real time as they look to manage their working capital more efficiently.

Why should you care? Use it right and it’s a chance to curb your company’s borrowing costs and manage cash a lot more efficiently.

24/7 treasury is the new norm: As the region embraces real-time payments and e-commerce, the old Sunday-to-Thursday (or Monday-to-Friday) treasury model is becoming obsolete. This move will help HSBC’s corporate clients treat liquidity as a ‘round-the-clock asset — and could allow companies to reduce borrowing costs, says our friend Todd Wilcox, deputy chairman and CEO at HSBC Bank Egypt.

Fast fact: Our region is the fastest-growing real-time payments network globally, according to World Economic Forum data, with the market expected to hit USD 2.6 bn by 2027 — up from USD 675 mn in 2022.

How it works: The solution consolidates positive and negative balances across all of a company’s HSBC bank accounts into a single account, allowing treasurers to “optimize liquidity and reduce borrowing costs” as they manage digital payments and real-time treasury operations, the bank said in a statement (pdf).

Egypt and the UAE are HSBC’s first global markets to get the solution, which will roll out to other territories in the future.

Egypt’s Foreign Ministry spox joins CNN for a Gaza-centered interview

Egypt and Qatar remain actively involved in ceasefire negotiations, Foreign Ministry spokesperson Tamim Khallaf told CNN’s Becky Anderson (watch, runtime: 11:03) during an interview that focused on the latest in Gaza and Egypt’s role in securing a ceasefire. “There is no other alternative except the ceasefire agreement in order to provide the needed calm and peace in Gaza,” he said.

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

Egypt continues to engage constructively with the US administration, most recently through Foreign Minister Badr Abdelatty’s meeting with US special envoy Steve Witkoff. “The discussions were positive and constructive,” he said, adding that ceasefire progress depends on international pressure on Israel, which he accused of pursuing an “isolationist” and “obstructionist” policy.

Israel’s ceasefire violations risk dangerous escalation: Khallaf condemned Israel’s recent military escalation as “a blatant violation of the ceasefire agreement,” which he warned could be a “serious development” with dangerous “ripple effects.” He described the humanitarian situation in Gaza as “catastrophic,” adding that Israel is violating its legal obligations by blocking aid. “It is extremely condemnable that the state of Israel is in violation of international law and its responsibility as an occupying power to provide the necessary humanitarian access to the people in Gaza,” he said. Khallaf pointed out Egypt has delivered 5k trucks of aid since the ceasefire agreement started and continues to push for de-escalation.

On Gaza’s future post-war, Khallaf outlined Egypt’s three-phase reconstruction plan — now endorsed by all 22 Arab League members — which includes clearing rubble, building housing and infrastructure, and re-establishing governance under the Palestinian Authority. He said the plan is “feasible … operationally plausible [and] incrementally morphing into an internationally endorsed plan,” despite initial hesitations from the White House. “If there are any suggestions or comments which our American partners would like to present, obviously, we will consider them and we will look at them with an open mind,” Khallaf added.

“Palestinians have the right to exercise their right for self-determination. They will need a country of their own,” Khallaf said, reiterating that normalization with Israel across the Arab world hinges on the creation of an independent Palestinian state.

AND- Witkoff thinks there is still room for ceasefire talks: The US special envoy believes “there have been signs” that the ongoing negotiations could lead to resolution of the war in Gaza, but pointed out key differences between Israel and Hamas’ goals that are stalling the negotiations, he said in an interview famous American political pundit Tucker CarIson (watch, runtime: 1:32:58).

“We presented a proposal at the Arab summit … that was a bridge to get to a peace deal to lead to the demilitarization of Hamas and a discussion about an enduring truce,” Witkoff said, describing Hamas's reaction to it as “completely inappropriate.” Witkoff suggested that the US may be able to use Israel’s recent military pressure to get Hamas to be a whole lot more reasonable because they have a lot of sway there.

The Financial Times took a trip to Egypt's Western Desert

Readers of the Financial Times took a trip to Egypt’s Western Desert this weekend, with a piece by award-winning travel writer Stanley Stewart on the travel pages of the salmon-colored paper exploring “the myths and mirages, deep in the Egyptian desert.” Stewart takes us through the monasteries of Wadi El Natrun, Bahariya Oasis, Fayoum’s Wadi Al Hitan, the Black Desert, and then to Siwa in the footsteps of Alexander the Great and legendary photographer Lee Miller.

Air Liquide, China’s EUG ink MoU to set up green ammonia projects in Egypt

RENEWABLES-

Green ammonia projects incoming? Air Liquide Egypt and China’s United Energy Group (UEG) signed an MoU to develop green ammonia projects using green hydrogen in Egypt, Al Mal reports. The partnership will see Air Liquide supply green nitrogen for the project and work with UEG to use it for producing ammonia.

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

The bigger picture: Egypt has a flurry of green hydrogen plants in the pipeline as part of a goal to become a regional hub for green hydrogen by 2026 and global hub by 2030. The government in August launched the National Low-Carbon Hydrogen Strategy, which targets 5-8% of the global hydrogen market by 2040.

INVESTMENT-

Mashreq Bank Egypt will promote potential investments in Egypt under a newly-inked MoU with the General Authority for Investment and Freezones (GAFI), according to a statement. Under the MoU, Mashreq will introduce its local and international clients to Egypt’s growing investment opportunities and then help connect interested clients with GAFI and arrange meetings with potential investors abroad. The move aims to attract more foreign investors into the Egyptian market, particularly from the UAE.

PRIVATIZATION-

Cairo3A will run the Tanta egg production facility for 15 years under a public-private partnership, according to a statement from the Local Development Ministry. The facility is one of the country’s largest, with an annual production target of 70 mn eggs.

Arrest of main Erdogan challenger shakes the TRY, Borsa Istanbul 100

The future of the Turkish economy is back on the financial press’ front pages following the political upheaval spurred on by Turkish authorities’ arrest of Istanbul Mayor Ekrem Imamoglu — and Turkish President Recep Tayyip Erdogan’s most prominent rival — early on Wednesday morning. While the Turkish government is scrambling to contain both the economic damage and protests on the streets, the events have brought the question of Turkish economic stability back in the spotlight after a brief period of relative stability.

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

Turkey’s central bank tore through a record USD 11.5 bn on the day of the arrest to try to stabilize the TRY, the Financial Times reported, citing an informed insider. The unprecedented move — 4x larger than previous pushes to support the TRY — followed the currency falling by double digits against the greenback during trading following the arrest, pushing it to earn the unenviable title of the world’s worst-performing currency for the day.

But after falling up to over 12%, the national currency pared back losses to end the day 4.8% down, which was followed by a continued recovery during the next two days that supported an emergency interest rate increase on Thursday to persuade Turkish savers to not turn their hard-earned earnings into USD. The TRY finished the week 2.6% down.

However, the country’s benchmark Borsa Istanbul 100 is yet to see a recovery, falling 16.3% in the three trading days following Imamoglu’s arrest, which includes a 7.8% drop on the last day the markets were open. The index’s worst week since 2008 led to USD 30 bn in value being wiped from the market. Government debt also felt the squeeze with ten-year bond yields up over 200 basis points.

Foreign investors, who had begun returning to Turkey following recent economic reforms, are rattled. The arrest is a “reminder that President Erdogan intends to tighten his grip on power even more,” In Touch Capital Markers analyst Piotr Matys told Bloomberg. Investors fear growing government intervention and capital flight could derail Finance Minister Mehmet Simsek’s efforts to restore economic stability by unwinding years of unorthodox economic policies — also known as Erdonomics.

EGX30	31,678	+1.1% (YTD: +6.5%)
USD (CBE)	Buy 50.50	Sell 50.63
USD (CIB)	Buy 50.52	Sell 50.62
Interest rates (CBE)	27.25% deposit	28.25% lending
Tadawul	11,760	+0.4% (YTD: -2.3%)
ADX	9368	0.00% (YTD: -0.5%)
DFM	5100	-0.6% (YTD: -1.1%)
S&P 500	5668	+0.1% (YTD: -3.6%)
FTSE 100	8647	-0.6% (YTD: -5.8%)
Euro Stoxx 50	5424	-0.5% (YTD: +10.8%)
Brent crude	USD 72.16	+0.2%
Natural gas (Nymex)	USD 3.98	+0.1%
Gold	USD 3,021.40	-0.7%
BTC	USD 83,960	-0.3% (YTD: -10.3%)

THE CLOSING BELL-

The EGX30 rose 1.1% at Thursday’s close on turnover of EGP 3.7 bn (3.9% above the 90-day average). International investors were the sole net sellers. The index is up 6.5% YTD.

In the green: GB Corp (+8.2%), Eastern Company (+6.5%), and Madinet Masr (+2.8%).

In the red: Egypt Aluminum (-4.0%), Juhayna (-3.7%), and Rameda (-3.2%).

CALENDAR

MARCH

Egypt-Sierra Leone Business Forum.

APRIL

Arla Foods’ deadline for Domty acquisition offer.

7-9 April (Monday-Wednesday): Narrative PR Summit’s 9th edition, Somabay

7-8 April (Monday-Tuesday): French President Emmanuel Macron's visit to Egypt.

7-10 April (Monday-Thursday): EFG Hermes One on One conference, Dubai, UAE.

10 April (Thursday): Capmas expected to release inflation data for March.

17 April (Thursday): Monetary Policy Committee’s second meeting.

28-30 April (Monday-Wednesday): FDC Regional Digital Industry Summit will launch cybersecurity index.

30 April (Wednesday): Deadline for Australia Awards Scholarships applications.

Business-to-business forum of Egyptian and Moroccan companies to promote bilateral trade, Cairo, Egypt.

The Suez Canal Container Terminal will begin trial operations for its expanded East Port Said facilities.

Government begins talks with EU on the second tranche of the of the EUR 5 bn concessional loans package

Saxony Delegation visit to Egypt.

Egypt to launch trial operations of the first phase of its USD 1.8 bn Egypt-Saudi electricity interconnection project, ahead of schedule

Tahya Misr 1 container terminal to begin operations, adding 3.5 mn container capacity to the port.

MAY

10 May (Saturday): Capmas expected to publish inflation data for April.

1 May-10 July (Thursday-Tuesday): 500 Global's Scale Up Program, Cairo

18-20 May (Sunday-Tuesday): First Arab International Exhibition for Sustainable Development.

22 May (Thursday): Monetary Policy Committee’s third meeting.

Egyptian Exporters Association (Expolink) exhibition, Italy

Egyptian-Russian Business Forum

May 2025: Egypt-Singapore Business Forum, Cairo.

JUNE

10 June (Tuesday): Capmas expected to publish inflation data for May.

MPs approveextension of tax dispute resolution window until 30 June 2025, with potential for further extension

Coficab to complete its USD 88 mn automotive cable and electrical factory in Tenth of Ramadan City

JULY

10 July 2025 (Thursday): Monetary Policy Committee’s fourth meeting.

15-16 July 2025 (Tuesday-Wednesday): Egypt Mining Forum.

July 2025: The first operational trail of Egypt-KSA electricity interconnection line.

Etihad Airways to launch twice-weekly flights to Alamein

AUGUST

28 August 2025 (Thursday): Monetary Policy Committee’s fifth meeting.

Tourism Development Authority to waive late payment penalties for land purchases if full installments are paid

SEPTEMBER

Egypt Education Platform (EEP) to launch two new schools in Alexandria and Somabay

Egypt Otsuka’s nutritional products factory in Tenth of Ramadan to begin operations, with exports to Gulf countries expected by January 2026

OCTOBER

2 October 2025 (Thursday): Monetary Policy Committee’s sixth meeting.

NOVEMBER

20 November 2025 (Thursday): Monetary Policy Committee’s seventh meeting.

DECEMBER

1-4 December: Egypt Defence Expo (EDEX), Egypt International Exhibition Centre.

25 December: (Thursday): Monetary Policy Committee’s eighth meeting.

EVENTS WITH NO SET DATE

1Q 2025: The Egyptian-Italian business forum

1Q 2025: Investment Minister Hassan El Khatib to visit Italy

1Q 2025: Eipico’s biopharma plant to begin operations

1Q 2025: Finance Ministry to launch public consultations on its tax policy document

Mid-2025: EGX launches sustainability index.

2Q 2025: Financial Regulatory Authority (FRA) to introduce derivatives on the EGX

2Q 2025: Safaga Terminal 2 to start operations

1H 2025: EGX launches a sharia-compliant sustainability index.

1H 2025: Digital Financial Identity Company will launch an electronic bank account opening service

1H 2025: The Egyptian-US Investment Forum.

1H 2025: The Egyptian Mineral Resources Authority will relaunch a global tender for gold exploration through Shalateen Mineral Resources company.

3Q 2025: Nasr Automotive begins locally manufacturing passenger cars.

Mid-2025: The Administrative Capital for Urban Developments to roll out the second phase of offering industrial plots to investors

2025: The InterAcademy Partnership assembly

2025: Nile Basin States Summit, Cairo, Egypt

2025: Release of the government’s Startup Charter document

2026

1 January: European Union’s Carbon Border Adjustment Mechanism (CBAM) to fully come into effect

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

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 for 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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Hot money inflows rise to USD 38 bn

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Emirati President Sheikh Mohamed bin Zayed landed in Cairo yesterday

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Hot money inflows rise to USD 38 bn amid declining inflation, anticipated rate cuts

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Kuwait eyes state-owned company stakes and more in push to increase Egypt investment 20% in 2025

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Egypt to issue retail bonds this year

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Energean terminates USD 945 mn sale of Mediterranean assets to Carlyle

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HSBC launches first-of-its-kind cash management solution

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Egypt’s Foreign Ministry spox joins CNN for a Gaza-centered interview

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The Financial Times took a trip to Egypt's Western Desert

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Air Liquide, China’s EUG ink MoU to set up green ammonia projects in Egypt

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Arrest of main Erdogan challenger shakes the TRY, Borsa Istanbul 100

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