Israel puts our USD 35 bn gas export agreement on ice as relations grow tense

1

What We're Tracking Today

Financial inclusion in Egypt is on the rise

Good morning, friends. We hope the long weekend left you refreshed and ready to tackle another work week. We lead today’s issue with energy news following reports that Israeli Prime Minister Benjamin Netanyahu has put our USD 35 bn gas export agreement on ice as tensions between the two nations approach their peak after Netanyahu once again called for the displacement of Gazans into Egypt.

AND IN MACRO NEWS- Non-oil private sector activity stayed in contraction in August for the sixth consecutive month as output and new orders fell.

PSA-

WEATHER- The temps are cooling and it looks like we’re finally approaching the much-anticipated fall. Today, Cairo is looking at a high of 33°C and a low of 23°C, according to our favorite weather app. And for the rest of the week, the mercury will remain below 34°C, giving us reason to start dusting off our light jackets.

It’s a little cooler in Alexandria today, which will see a high of 30°C and a low of 23°C.

DATA POINT-

Financial inclusion in Egypt reached 76.3% in June 2025, with 53.8 mn citizens having active bank or Egypt Post accounts, mobile wallet, or prepaid cards, up from 74.8% at the end of last year, according to a CBE statement (pdf). Financial inclusion among women hit 70.0%, up 1.2 percentage points from December, while youth inclusion rose 1.3 percentage points to 54.4% over the same period.

HAPPENING TODAY-

It’s day two of the Metal and Steel Exhibition at the Egypt International Exhibition Center. The three-day event gathers steel and metal players from across the region to showcase products and launch new innovations in the market.

CIRCLE YOUR CALENDAR-

The Cairo Regional Forum on Financing Renewables, Green Hydrogen, and Green Ammonia will take place on 17-18 September at Nile University. The event — hosted by the GH2 International Green Hydrogen Center of Excellence in Cairo — will bring together governments, developers, financiers, and multilateral partners to advance investment and collaboration on renewables, green hydrogen, and green ammonia projects across the region.

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

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

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

THE BIG STORY ABROAD-

Thousands of protesters took to the streets of Washington, DC, yesterday to demand that President Donald Trump end the ongoing deployment of National Guard troops across the capital. The ‘We Are All DC’ march came in response to what demonstrators described as an authoritarian escalation, following Trump’s decision to place the city’s police under federal control. The president first ordered the deployment last month, citing rising crime, despite Justice Department data showing violent crime in the capital fell to a 30-year low in 2024.

Next stop: Chicago: Trump has signaled that Chicago could be next, warning in a post on Truth Social that the city would “find out why it’s called the Department of WAR.” The post followed an executive order issued Friday that officially renames the Department of Defense the Department of War — its pre-1947 title. (Reuters | Washington Post | AP)

CLOSER TO HOME- Israel has set up a so-called “humanitarian area” in Khan Younis, claiming to equip it with field hospitals, water infrastructure, and food and med supplies, as the military expands its ground operation toward Gaza City. The Israeli army said deliveries will be coordinated with the UN and other aid groups, while its Arabic-language spokesperson has called on Palestinians to move to the designated zone. (Bloomberg | New York Times | Reuters)

Israel halts its USD 35 bn gas export agreement with Egypt as Egyptian-Israeli relations grow tense

Israeli Prime Minister Benjamin Netanyahu has frozen his country’s USD 35 bn natural gas export agreement with Egypt last week, amid rising Israeli-Egyptian tensions over the war in Gaza and Cairo’s military deployments in Sinai, according to industry publication Middle East Economic Survey (Mees).

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

REMEMBER- The agreement, signed in early August, would see Leviathan partners — led by Chevron and Israel’s NewMed Energy — export 130 bcm of gas to Egypt between 2026 and 2040. Flows will first increase from 4.5 bn cubic metres in 2025 to 6.5 bn cubic metres as early as 2026 under the first 20 bn cubic meter phase of the agreement. Shortly after the agreement was signed, Prime Minister Moustafa Madbouly said that it will in no way affect Egypt’s stance on Palestine.

But why? Netanyahu reportedly decided to freeze the agreement due to Egyptian military deployment in Sinai — which Israel claims violates the 1979 Camp David Accords. Israel had already breached the accords, occupying the Philadelphi Corridor back in May 2024 during its ground offensive into southern Gaza.

Mees also reports that Netanyahu may be unhappy simply because he had no hand in the agreement, seeing as it was brokered with no direct involvement from the prime minister’s office. A source close to the matter told the outlet that the agreement “is just a very bad deal for Israel, any way you look at it. The ministry caved in, desperate for some publicity and a good news story.”

IN CONTEXT- Netanyahu over the weekend, said Egypt was “imprisoning Gaza residents who want to leave the war zone against their will,” adding that he would let Gazans escape their country through the Rafah Border if they wanted to but Egypt is blocking their exit. Following his statement, the Egyptian Foreign Ministry once again reiterated its stance regarding the displacement of Palestinians and referred to Netanyahu’s remarks as “an attempt to prolong the escalation and instability, and avoid confronting the consequences of Israeli violations in Gaza.”

Diaa Rashwan claps back: State Information Service chief Diaa Rashwan had strong words for Netanyahu in an interview with Al Mashhad’s Moataz Abdel Fattah (watch, runtime: 22:05). “I dare him to cancel the gas agreement — if he can bear the economic consequences,” he said, adding that Egypt has more than one option when it comes to energy. “The Israeli prime minister is completely delusional if he thinks Israel is our only route for gas. The Egyptian administration has alternatives.”

Even before Netanyahu’s freeze, there were logistical and commercial obstacles standing in the way of fully executing the agreement. The first phase — covering 20 bcm in supplies starting next year or upon Leviathan’s capacity expansion — hinges on the partners reaching a final investment decision to scale the field to 2.1 bcf/d. The Israeli Energy Ministry green lit the development plan in August.

But the second phase to supply 110 bcm starting 2029, could prove more challenging. It requires agreement on capacity allocations for the planned 600 mcf/d Nitzana pipeline connecting Israel to Egypt. Israel’s Energy Ministry approved a transportation agreement for the pipeline on 4 September — adding more color to what a government source told EnterpriseAM last week about construction of the pipeline starting next year. Still, disagreements persist over how Leviathan and Tamar partners will share the costs and split pipeline capacity. “The partners at Leviathan will be livid with the news that Netanyahu wants to freeze the gas deal,” a source told Mees, suggesting that the pipeline announcement was an attempt to placate them.

What’s next? “Israeli Energy Minister Eli Cohen will have the final say on whether the deal is finalized, at least from the Israeli side, though it remains to be seen if he will oppose Netanyahu on the matter,” Mees writes.

Vulnerable Egyptian-Israeli relations also received attention from the nation’s talking heads last night, with Ala Masouleety’s Ahmed Moussa (watch, runtime: 8:13) and El Hekaya’s Amr Adib (watch, runtime: 27:31) giving their two cents. “Netanyahu’s statements are stupid,” Adib said, adding that Egypt will never allow the displacement of Palestinians into Sinai. “Tension between the two sides is at its peak,” he added.

ALSO ON THE ENERGY FRONT-

Cyprus gas linkage moves ahead: Foreign Minister Badr Abdelatty and Oil Minister Karim Badawi discussed accelerating the integration of Cypriot gas fields into Egypt’s infrastructure during a visit to Nicosia this week, according to a statement. The visit included high-level talks with Cypriot President Nikos Christodoulides and’ a presser with Energy Minister Giorgos Papanastasiou, during which Badawi said the two sides are making “significant progress” on the project to link Cyprus’ Cronos gas field to Egypt’s liquefaction facilities, with exports to Europe expected to begin in 2027.

REMEMBER- Egypt and Cyprus inked multiple agreements earlier this year that will see Cyprus ship natural gas from its offshore fields to be liquefied in facilities in Idku and Damietta before being re-exported to foreign markets.

Egypt’s non-oil private sector activity contracts further in August

Egypt saw its non-oil private sector activity contract further in August, with output and new orders volumes dropping for the sixth consecutive month, according to S&P Global’s latest Purchasing Managers Index report (pdf).

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

The country’s headline figure recorded 49.2, marking a slight acceleration in contraction from July’s 49.5, but still above the survey’s historical average of 48.2.

REMEMBER- The all-important 50.0 mark is the threshold separating contraction from growth. Anything above 50 denotes expansion, while anything below indicates contraction.

Output and new orders declined for the sixth straight month, directly driven by subdued customer demand, which firms attributed to weak economic conditions and concerns about inflation. Although the rate of decline was faster than in the previous month, it remained slower than their long-run averages. Despite this decline, the new export sub-index increased and suggests that the weaker EGP is benefiting the country’s export sector, Capital Economics’ James Swanston wrote in a recent research note seen by EnterpriseAM.

Firms scale back on purchasing even as hiring rises: In contrast with rising employment, firms remained cautious with their purchasing habits. Input purchases fell for the sixth month in a row, leading to a further reduction in stocks.

“Employment was also up for the second consecutive month, after a lack of hiring in the first half of the year. However, staffing gains were only mild, while firms remained reluctant to commit to new purchases, particularly as confidence in the year-ahead outlook remains weak,” S&P Global Senior Economist David Owen wrote.

Cost pressures moderated in August: Input cost inflation slowed to its weakest pace since March, reaching one of the lowest levels recorded in the last four-and-a-half years. Firms cited increasing import costs and rising staff salaries as the main drivers. “This adds to our view that headline inflation will fall in the coming months, paving the way for further monetary loosening,” Swanston noted.

Businesses raised their selling prices at the fastest rate since May, which narrowed the gap between input and output price inflation to its smallest in five months. This signals that firms were in a better position to maintain their profit margins during the month.

Future outlook stays muted despite easing costs: “When assessing the year-ahead outlook, Egyptian non-oil companies remained relatively subdued,” the report read, adding that “the degree of optimism was unchanged from July and only marginally higher than June's record low.”

ELSEWHERE IN THE REGION-

In the UAE, the headline PMI (pdf) came in at 53.3, compared to a 49-month low of 52.9 in July;
In Saudi Arabia, non-oil business activity saw a robust improvement, boosted by new orders, with the seasonally adjusted figure coming in at 56.4 (pdf) ;
Kuwait’s non-oil private sector saw further improvement in business conditions, albeit at a slower pace, with the headline PMI coming in at 53.0 (pdf).

Egypt begins rolling out subsidized loans for manufacturers

The Finance Ministry has begun approving applications from manufacturers to access subsidized loans under the industrial finance initiative at a 15% interest rate, a government source at the ministry told EnterpriseAM. This comes following complaints from the Federation of Egyptian Industries that the program hasn't been activated and that securing financing under it was proving difficult.

REMEMBER- The Industry Ministry launched the first phase of the EGP 30 bn financing initiative back in April, offering reduced 15% interest rates to seven priority industrial sectors, including pharma, food, engineering, chemicals, textiles, mining, and building materials. The initiative, which was announced in December, aims to help private players finance the purchase of new machinery, equipment, and production lines at the discounted rate for five years. Some projects will get an even more favorable rate, with an additional 2% cut for projects that boost local added value or introduce new industrial activities that could replace imports.

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

Some EGP 6 bn has already been disbursed by the Industry Ministry for qualified applications, the source said. The initiative is restricted to funding capital goods, machinery, and equipment. The Industrial Development Authority verifies applications and forwards approved lists to the Finance Ministry, which handles disbursement. The ministry does not interfere with the nature of the financing, the source said.

Despite the CBE cutting deposit and lending rates by 200 bps last month, interest rates have remained high for the industrial sector, head of the Chamber of Engineering Industries Mohamed El Mohandes told EnterpriseAM. Only one project out of several is getting approved, he said, calling for an acceleration in approvals to allow the initiative to have a tangible impact on the sector, especially for expansions and production line upgrades.

The program offers rates you’d be hard pressed to find anywhere else: Although four percentage points higher than the last batch of cut-rate finance for industry and agriculture, the 15% interest rate charged in the initiative is eight percentage points below the central bank's current 23.00% lending rate.

The industrial sector remains a priority for disbursing dues, the source said, adding that the new budget includes allocations to cover the interest rate differential. Two programs have been allocated EGP 8 bn under the industrial and agricultural loans support initiative and EGP 5 bn for the machinery and equipment support initiative to boost production capacity.

Talks are underway for a new financing initiative with easier terms to support small projects, given their role in driving economic growth, the source said.

Egypt hikes EV charging tariffs

The Electricity Ministry raised electric vehicle charging tariffs under a new set of rules, allowing operators to charge more for both slow and fast public charging, according to a decision published in the Official Gazette. The new rules — which don’t affect home charging rates — are meant to encourage the development of EV infrastructure and address profitability concerns of charging infrastructure firms.

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

The details: Charging stations will continue to buy electricity at the same price paid by other customers connected to the same voltage level. For alternating current (AC) charging stations with a capacity of up to 22 kW, operators can now charge end users 45% above the supply price — meaning consumers will be charged at 1.45 times what stations pay.

Direct current (DC) fast-charging stations will see a much larger jump. Operators are now allowed to charge consumers 180% above the supply price, or 2.8 times the price they pay to distribution companies. The higher markup is due to the cost of building and operating fast-charging infrastructure.

REMEMBER- The government had been considering raising the price for fast charging in efforts to push companies operating in EV charging to expand their footprint. Operators of charging stations had requested an increase of 40% to the fee last year.

Home charging will remain the cheapest option for EV owners, coming at around EGP 1 per kWh, or about EGP 190 for 200 kWh, enough to cover around 1k km. Charging at an AC station without a rental fee will cost around EGP 1.69 per kWh, or EGP 338 for 200 kWh, while AC stations with a rental fee will cost around EGP 1.86 per kWh, or roughly EGP 372 for 200 kWh. Fast-charging DC stations will be the most expensive, with a price tag of about EGP 3.75 per kWh, or roughly EGP 750 for 1k km.

M squared looks to expand in the North Coast, enter Saudi market

Intro Group’s real estate arm M squared is looking to expand its footprint in the North Coast and explore ways to enter the Saudi market. The company plans to partner with other developers to work on two plots on the North Coast and one in Saudi Arabia in the near future, CEO Karim Malash said during a press roundtable attended by EnterpriseAM.

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

The company has earmarked EGP 3 bn for construction work in 2026, Malash said, adding that it secured EGP 2.5 bn in bank and mortgage financing this year to support construction plans in east and west Cairo as well as the North Coast. M squared has so far developed around 35% of its 226-feddan land bank.

M squared has allocated EGP 15 bn to its first North Coast project Masyaf Ras El Hekma, with the 182k-sqm project being developed in two phases through 2030. The company has already invested EGP 3.5 bn in the project, Malash said. It is targeting EGP 12 bn in sales in the coming years, after booking EGP 7.4 bn since its launch. M squared has sold 917 out of 1.3k units in the project, delivering 104 so far, with plans to hand over another 140 units in 2026.

The North Coast is at the center of the company’s growth plans. M squared is also in negotiations to acquire two new land plots of around 200 feddans each on the North Coast to launch new projects. It plans to kick off the summer season early at Masyaf Ras El Hekma in April 2026 by launching a medical tourism program offering fitness, weight-loss, and detox packages. This follows the decision to extend the summer season through the end of October 2025, with the company planning to operate the project’s hotel for five months starting next year, in line with efforts to make the North Coast a year-round destination.

Al Taamir Leasing and Factoring closes EGP 1.3 bn securitization issuance

Al Taamir Leasing and Factoring Al Oula completed an EGP 1.3 bn securitized bond issuance, according to a statement (pdf) from legal counsel Dreny & Partners. The transaction is part of the company’s three-year, multi-issuance EGP 5 bn program.

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

The details: The three-tranche issuance, which was nearly 200% covered, had tenors ranging between 25 and 48 months and ratings between A and AA+. It was backed by a portfolio of financial leasing contracts originated by Al Taamir Leasing and Factoring.

What they said: “The success of our second issuance under the securitization program reflects investor confidence in the company and its ability to deliver sustainable growth. The company’s portfolio has reached around EGP 7 bn, with a target of EGP 8.5 bn by year-end,” CEO Haitham Serag said.

ADVISORS- CI Capital acted as the financial advisor, lead arranger, promoter, and issuance manager on the transaction. Banque Misr, Banque du Caire, the National Bank of Egypt, the Arab African International Bank, and CIB were underwriters. Banque du Caire was also the bookrunner, while CIB was the custodian. Dreny & Partners provided counsel, and Baker Tilly was the auditor.

Sherif Kamel reappointed as dean of AUC’s Onsi Sawiris School of Business

The American University in Cairo (AUC) renewed Sherif Kamel’s (Bio) term as dean of the Onsi Sawiris School of Business, effective 1 July 2026, according to a statement. Kamel — a professor of management and a longtime AUC faculty member — will continue to work to improve the school’s performance, enhance its productivity, and boost operational efficiency.

What they said: “[Kamel’s] tenure has been defined by a bold strategic vision, a commitment to academic excellence, and a relentless drive to position the school as a global leader,” the AUC Provost said in an internal announcement. “He has championed innovation in teaching and learning, launching the region’s first Co-Op Program and integrating sustainability and global challenges into the curriculum.”

PLUS- Local luxury brand management firm Longe Black brought on vice chairman of Elsewedy Electric Mohamed Ahmed Elsewedy as partner and investment director, according to a statement. The move is part of the company’s plans to expand beyond luxury brand consulting and into business incubation, developing projects for companies seeking regional and global growth.

Egypt plays a key role in global piracy takedown, says NYT

Egyptian law enforcement partnered with the US-based Alliance for Creativity and Entertainment (ACE) to shut down Streameast — the world’s largest illegal sports streaming network — the New York Times reports. Two individuals were arrested in El Sheikh Zayed on charges of copyright infringement and during the raid, authorities seized laptops, smartphones, and assets linked to a shell company accused of laundering over USD 6 mn in ad revenue.

ACE praised Egyptian officials for their role in shutting down the 80-domain network, which drew 1.6 bn visits over the past year and pirated content from global sports leagues including the Premier League, NBA, and Champions League. Multiple real estate assets in Egypt are also under investigation for ties to the operation.

The news also got ink from the Associated Press.

China’s ShuanFeng will set up shop in Qantara

MANUFACTURING-

China’s ShuanFeng will build a USD 8 mn garment factory in Qantara West under a contract it signed with the Suez Canal Economic Zone, according to a statement. The 20k sqm project will be self-financed, create 2k direct jobs, and produce 16.5 mn pieces annually, all earmarked for export.

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

INVESTMENT WATCH-

Basata Holding will invest some USD 7 mn in 2026 to boost its market position, according to a company statement (pdf). The company is reviewing potential acquisitions as part of its regional expansion plans, with final decisions expected before year-end. It is also preparing to introduce new investment services through funds launched in partnership with its sister and subsidiary companies, pending final regulatory approvals, with a full rollout expected before the end of the current fiscal year.

More plans in the pipeline: The company also plans to expand into new Gulf markets via its stake in Jordan’s Madfoatcom, entering Saudi Arabia before year-end, while Madfoatcom readies launches in Morocco and Kurdistan.

FINANCIAL SERVICES-

EFG Hermes launches risk-based portfolio advisory: Our friends at EFG Hermes have partnered up with Danish digital wealth management firm Kenzi Wealth to roll out an intelligent, risk-based portfolio advisory service through the EFG Hermes ONE app, according to a joint statement (pdf). The new “One Advisor” feature offers self-directed investors portfolio analysis, diversification, and rebalancing guidance using institutional-grade risk modeling.

How it works: The service actively monitors portfolios and provides tailored insights to help clients navigate market volatility while staying aligned with their risk appetite.

REAL ESTATE-

FRA signs off on Madinet Mar’s SAFE fund: The Financial Regulatory Authority (FRA) has approved property developer Madinet Masr’s application to establish two Secure Assets for Fixed Earnings (SAFE) funds — a real estate fund and a fund for securities promotion, underwriting, and fund management, the company said in a press release (pdf). SAFE — developed by Madinet Masr subsidiary Minka and launched via Innovation Labs — enables investors to buy fractional property shares, starting at EGP 50k per share. It is the first platform of its kind in Egypt.

REMEMBER- Just last month, the FRA unveiled the regulatory framework for real estate fractional ownership in efforts to regulate and formalize fractional real estate investments. SAFE is one of the first movers to secure its license.

Gold to reach USD 5k if Fed independence weakens -Goldman Sachs

Gold prices could surge to nearly USD 5k an ounce if the Federal Reserve’s independence is compromised, the Financial Times reports, citing forecasts by Goldman Sachs. The bank's base case scenario is a rise to USD 4k per troy ounce by mid-2026, but a 1% shift of private investment from US Treasuries to gold could drive the price even higher.

The rationale: “A scenario where Fed independence is damaged would likely lead to higher inflation, lower stock and long-dated bond prices and an erosion of the USD’s reserve currency status,” co-head of global commodities research at Goldman Sachs Daan Struyven told the FT.

Gold has already rallied 35% this year to over USD 3.5k an ounce, becoming a top-performing global asset. Both investors and central banks have been increasing their holdings in the precious metal as a hedge against political uncertainty, debt, and potential inflation from a politicized Fed, especially as traditional havens like the USD and government bonds falter.

The Trump effect on Gold: Concerns over US President Trump’s pressure on the central bank prompted European Central Bank head Christine Lagarde to warn of a “very serious danger” to the global economy. The uncertainty is boosting demand for gold, said Hargreaves Lansdown’s Derren Nathan, in a separate BBC report. The trend was echoed by Pictet Asset Management's Arun Sai, who said the political climate reinforced his firm's decision to maintain a significant gold position.

Fed under pressure: The Justice Department has opened a criminal mortgage fraud investigation into Federal Reserve member Lisa Cook, a move critics describe as a politically motivated escalation of the Trump administration's effort to oust her and put pressure on Fed Chair Jerome Powell to lower interest rates, The Washington Post reported, citing sources it said are in the know. Resignations and ended terms are increasingly tipping the balance of the Fed board in Trump’s favor.

EGX30	34,762	-1.1% (YTD: +16.7%)
USD (CBE)	Buy 48.52	Sell 48.65
USD (CIB)	Buy 48.53	Sell 48.63
Interest rates (CBE)	22.00% deposit	23.00% lending
Tadawul	10,656	+0.3% (YTD: -11.5%)
ADX	10,034	-0.2% (YTD: +6.5%)
DFM	5,989	+0.3% (YTD: +16.1%)
S&P 500	6,482	-0.3% (YTD: +10.2%)
FTSE 100	9,208	-0.1% (YTD: +12.7%)
Euro Stoxx 50	5,318	-0.5% (YTD: +8.6%)
Brent crude	USD 65.50	-2.2%
Natural gas (Nymex)	USD 3.05	-0.9%
Gold	USD 3,653	+1.3%
BTC	USD 110,138	-0.6% (YTD: +17.7%)
S&P Egypt Sovereign Bond Index	912.86	+0.1% (YTD: +17.4%)
S&P MENA Bond & Sukuk	149.46	+0.5% (YTD: +6.8%)
VIX (Volatility Index)	15.18	-0.8% (YTD: -12.5%)

THE CLOSING BELL-

The EGX30 fell 1.1% at Wednesday’s close on turnover of EGP 3.9 bn (11.3% below the 90-day average). International investors were the sole net buyers. The index is up 16.9% YTD.

In the green: Emaar Misr (+1.1%) and Juhayna (+0.1%).

In the red: Ibnsina Pharma (-4.1%), Misr Cement (-3.4%), and Palm Hills Development (-3.1%).

CALENDAR

SEPTEMBER

6-8 September (Saturday-Monday): Metal and Steel Exhibition, Egypt International Exhibition Center.

8-11 September (Monday-Thursday): The Egyptian-Tunisian Joint High Committee will take place.

8-11 September (Monday-Thursday): EFG Hermes London Conference takes place in the British capital.

9-11 September (Tuesday-Thursday): The International Exhibition for Paper, Corrugated Board, Paperboard and Tissue Paper Industries — PAPER-ME — takes place at the Egypt International Exhibition Center.

10 September (Wednesday): Capmas and CBE to release inflation data for August.

11 September (Thursday): Orascom Construction lists on ADX.

15 September (Monday): IMF to hold its combined fifth and sixth reviews of Egypt’s USD 8 bn EFF arrangement.

17-18 September (Wednesday-Friday): The 2025 Cairo Regional Forum on Financing Renewables, Green Hydrogen and Green Ammonia, Nile University, Cairo.

24-27 September (Wednesday-Saturday): Cityscape Egypt 2025, Egypt International Exhibition Center.

30 September (Tuesday): The Egypt-South Korea Economic Cooperation and Partnership Forum.

The Egyptian-Moroccan Business Council to send a delegation of 23 local companies to Rabat.

The Engineering Export Council of Egypt will ship a commercial delegation to Russia to ramp up exports to European markets.

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

1 October (Wednesday): Applications for alternative housing for old rent tenants will open through an online platform or at post offices nationwide.

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

7 October (Tuesday): The 2025 EnterpriseAM Egypt Forum.

7-8 October (Tuesday-Wednesday): HACE-Hotel Expo, Egypt International Exhibitions Center.

7-9 October (Tuesday-Thursday): EgyMedica Exhibition, Cairo International Convention Center.

12-16 October (Sunday-Thursday): Cairo Water Week, Cairo.

19-20 October (Sunday-Monday): Egypt to host the fifth edition of the Aswan Forum.

19-22 October (Sunday-Wednesday): Arab African Investment and International Cooperation Summit.

23-25 October (Thursday-Saturday): Stone Africa Expo, Cairo International Conference Center.

October: The third iteration of the Export Smart Exhibition and Conference.

Mid-October: Capmas to publish the findings of its 2023-2024 income and expenditure survey.

NOVEMBER

1 November (Saturday): The official opening of the Grand Egyptian Museum.

16-19 November (Sunday-Wednesday): Cairo ICT 2025, Egypt International Exhibition Center

20 November (Thursday): Monetary Policy Committee meeting.

23-25 November (Sunday-Tuesday): NEBU Expo 2025 gold and jewelry exhibition, Egypt International Exhibitions Center, New Cairo.

November: Egypt to join the EU’s Horizon Europe research and innovation program.

DECEMBER

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

25 December: (Thursday): Monetary Policy Committee meeting.

EVENTS WITH NO SET DATE

Mid-2025: EGX launches sustainability index.

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

3Q 2025: Polaris Parks to finalize contracts for two new industrial zones in the new capital and Sadat City.

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

2H 2025: Potential visit by Chinese President Xi Jinping to Egypt

4Q 2025: The beginning of construction works on China’s State Grid two solar projects.

4Q 2025: GB Auto starts assembling one of China’s Great Wall Motor models in 4Q 2025.

4Q 2025-1Q 2026: Kasrawy Group to launch first Avatr EV models in Egypt.

2025: The InterAcademy Partnership assembly.

2025: Nile Basin States Summit, Cairo, Egypt.

2025: Release of the government’s Startup Charter document.

Before 2025-end: The government will launch two ro-ro shipping lines with Saudi Arabia and Turkey.

2026

Early 2026: Passenger operations on the New Administrative Capital–Nasr City monorail scheduled to begin.

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

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

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

15 March 2026: IMF to hold its seventh review of Egypt’s USD 8 bn EFF arrangement.

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

15 September 2026: IMF to hold its eighth review of Egypt’s USD 8 bn EFF arrangement.

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 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.

Sections

About

Privacy & Support

Get EnterpriseAM daily