Israel to more than double Leviathan gas exports to Egypt under USD 35 bn agreement

1

WHAT WE’RE TRACKING TODAY

Business community and policymakers await inflation data out later this morning

Good morning, folks, and welcome to the start of the workweek.

Leading the agenda today is a USD 35 bn agreement at the end of last week to more than double imports from Israel’s Leviathan field, which has also caught the attention of the international business press. We’ve also got important sukuk news, by way of a USD 1 bn sovereign issuance as early as September, CIRA Education latest acquisition, Thndr partnering the ADX, and more.

We — along with the business community and policymakers — are also on the lookout for fresh inflation data set to be released later this morning. Annual headline urban inflation unexpectedly fell 1.9 percentage points to 14.9% in June, ending an upward trend that extended over three consecutive months, but energy and tobacco price increases could push up the headline figure this time, analysts tell us.

PSA-

WEATHER- The mercury will continue to rise in Cairo today, with a high of 38°C and a low of 27°C, according to our favorite weather app.

It’s a similar story in Alexandria, with a high of 34°C and a low of 25°C.

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WATCH THIS SPACE-

#1- Medical supplies companies are calling on the government to step in to resolve some EGP 43 bn in unpaid dues owed by the Unified Procurement Authority (UPA), Cairo Chamber of Commerce’s medical supplies division head Mohamed Ismail Abdo told EnterpriseAM.

The division’s board will meet on Monday to discuss “practical mechanisms” for repayment, Abdo told us. He warned the debt is weighing heavily on suppliers of all sizes, who still have to meet tax, customs, and bank obligations. Abdo urged the finance and health ministries to help the UPA settle its arrears, noting the authority accounts for some 60% of Egypt’s medical supplies market. The division has requested an urgent meeting with UPA head Hisham El Metwally to table proposals aimed at easing the crisis — and preventing it from recurring.

The debt has built up over several years, Abdo said. Government sources previously told EnterpriseAM that the Finance Ministry had discussed repaying pharma companies’ EGP 50 bn in dues over three years, with negotiations underway with several distributors and others receiving initial payouts.

#2- The government’s plan to better utilize the Nile to transport goods got a boost, with Emirati agribusiness Al Dahra and EGX-listed fertilizer producer Mopco launching first ever river shipment of fertilizers, according to a statement (pdf). The fertilizer giant transported some 750 tons of fertilizer from Damietta, all the way down to Aswan and then Toshka in the New Valley.

SMART POLICY- With 95% of the county’s population and the vast majority of economic activity along the Nile and in the Delta — equivalent to just 5.5% of the country’s total land mass — utilizing our waterways for more efficient and greener transporting of goods is a no-brainer. A single river vessel can replace around 40 trucks, helping to free up our road network, slashing the cost of road maintenance, and reducing emissions. Towards this end, Egypt is investing in increasing and improving its river transport freight capacity in a bid to boost the riverways’ share of cargo movements to 10% by 2038, National Nile Company for River Transport advisor Ahmed El Shamy previously told EnterpriseAM.

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THE BIG STORY ABROAD-

It’s a slow morning in the international business press this morning, as is often the case on Sundays. In the absence of market-moving news, the latest developments between Russia and Ukraine are leading headlines, following a meeting between US Vice President JD Vance and officials from Ukraine, the UK, and others in Europe to discuss the latest push for peace from Washington — including a US proposal that would see “some swapping of territories” between Russia and Ukraine.” Russian President Vladimir Putin also put forth a proposal that would start with Ukraine ceding control of parts of Donetsk in exchange for a ceasefire. The story is getting ink in the Wall Street Journal, Reuters, and CNBC.

MEANWHILE- Market watchers will also be keeping an eye on US inflation data for June, due out on Tuesday, which economists think will indicate a slight uptick as the effects of higher tariffs are starting to be felt by consumers, Bloomberg says. The data will be an important indicator of how much room the Federal Reserve still has to play with before it enacts more rate cuts, which the market already expects to happen next month.

Israel to more than double Leviathan gas exports to Egypt under USD 35 bn agreement

Chevron and its Israeli Leviathan partners NewMed Energy and Ratio Energies will send 130 bn cubic metres (bcm) of gas to Egypt from 2026 through 2040, under an inked amendment to their existing 2019 gas export agreement with Egypt’s Blue Ocean Energy, according to a release (pdf) from NewMed on Thursday. The agreement is expected to bring in some USD 35 bn worth of gas over the 15-year period.

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, according to the Israeli energy company’s 2Q financial results presentation (pdf). Increased flows will follow the under-construction Ashdod-Ashkelon pipeline being connected to Egypt to enable the larger quantities.

Following this, supplies will increase again to 11.5 bn cubic meters in 2029 under the second 110 cubic meter phase of the agreement, then rise again to 12.5 bn cubic metres a year in 2033 before settling to 12.0 cubic meters a year from 2036 onwards. This increase of exported gas is contingent on a final investment decision due 30 September — with the option to extend by six months — by Chevron and its partners to expand the field’s capacity and for operator Israel Natural Gas Lines to decide on capacity allocations for the planned Nitzana pipeline to Egypt.

The agreement puts the price of the piped gas considerably below the current market rates for LNG, with gas offtake from Blue Ocean Energy priced at around USD 7.60 per mn British thermal units (BTU), according to calculations by industry publication Middle East Economic Survey (Mees). Despite being up from the previous unamended offtake agreement, this is nearly half of the USD 12-13 per mn BTU that the state is currently paying for LNG imports to bridge the supply gap.

REMEMBER- Rising demand at home and a fall in domestic supply has pushed Egypt to increasingly rely on LNG imports to keep the lights on and prevent a return to the days of planned outages. The Madbouly government has secured LNG supply through 2026 at a total estimated cost of USD 8 bn after signing agreements with six international energy companies, a government source in the energy sector previously told EnterpriseAM.

The increased gas flows won’t only help close the supply gap, but also help us realize LNG re-export ambitions, a senior source at the Oil Ministry told EnterpriseAM. Egypt will be able to become a regional energy hub by using its liquefaction plants to re-export the gas as LNG to Europe using the planned increase in Israeli imports and the planned imports of Cypriot gas, they added.

But Israeli imports aren’t without risk, with imports prone to sudden halts on the back of Israeli military action in the region leading to the shutdown of exports several times this year, which led to the cutting of supplies to key energy-intensive industries. Public outrage over Israel’s assault on Gaza and rising diplomatic tensions between Cairo and Tel Aviv also lend themselves to an uneasy partnership.

The big-ticket agreement also caught the attention of the international business press, including the Financial Times, Bloomberg, and Reuters.

ALSO- The Egyptian General Petroleum Corporation has cancelled seven mazut shipments amounting to some 2.2 mn barrels, which had been scheduled to arrive this month, Asharq Business reports, citing unnamed sources. The shipments that were secured in June after Israel briefly halted supplies during its war with Iran were then later cancelled due to the country having bridged its supply gap with LNG contracts and the resumption of Israeli gas imports.

Egypt looking to issue USD 1 bn sukuk issuance in the international market as early as September

New sukuk issuance on the horizon? Egypt may tap the international debt markets with a new USD 1.0 bn sovereign sukuk tranche by September or October, a government source told EnterpriseAM last week. The upcoming sukuk issuance will mark our first international issuance of the current fiscal year, and is part of the country’s USD 5 bn international sovereign sukuk program.

This will stand as Egypt’s third-ever sovereign sukuk issuance, following June’s USD 1 bn sovereign sukuk issuance, which had been fully subscribed by Kuwait Finance House, and

our maiden sukuk issuance back in 2023.

This aligns with the Finance Ministry's plans to issue up to USD 4 bn in international bonds over the next 12 months, to help address its USD 11 bn external financing gap. The planned issuances could include EUR- and USD-denominated securities, sustainability bonds, sukuk, and CNY- or JPY-denominated instruments.

There is already a strong investor appetite for the upcoming issuance as the the offering advisors reported concrete offers and significant investor interest when they concluded a series of promotional meetings and roundshows in April, ahead of June’s successful issuance of the USD 1 bn sovereign sukuk issuance.

ADVISORS- Our friends at HSBC are leading the issuance along with Citibank, Dubai Islamic Bank, First Abu Dhabi Bank, and Abu Dhabi Islamic Bank.

CIRA Education acquires majority stake in L’École Française d’Hurghada

CIRA Education has acquired a 51% stake in L’École Française d’Hurghada, marking its first foray into the Red Sea’s international education market, the EGX-listed education provider said in a statement (pdf). The French school’s founder Bouchra Cherkaoui will retain the remaining 49% stake and remain actively involved in its development.

What’s CIRA planning? CIRA will introduce a German section starting September under its SIS brand — the first German curriculum offering in Hurghada — with 160 students already enrolled from kindergarten through Grade 12.

What’s next? CIRA Education is also planning to launch an American English stream soon to address the increasing demand for international education in Hurghada.

What they said: “At CIRA, we’re committed to delivering quality education where it’s needed most, and Hurghada represents an exciting, underserved geography for us. By introducing German and American tracks alongside the existing French program, we’re creating a richer, more inclusive academic environment for families in the region,” CEO Mohamed El Kalla said.

Minly Live is building the region’s first interactive streaming platform

Minly Live is a tech-first, AI-powered platform built to redefine what interactive entertainment looks like in the region. At its core is a sophisticated data engine that uses artificial intelligence to intelligently filter, prioritize, and process massive volumes of fan input in real time. This enables seamless, large-scale interactivity that feels as dynamic as a live concert. As global leaders like Netflix push the boundaries of live streaming innovation, Minly is doing the same for the MENA region, bringing intelligent interactivity to the forefront of digital entertainment.

With a focus on intelligent interactivity, Minly is reimagining what the future of digital entertainment looks like. In 2023, the Cairo-based startup launched Minly Live, a next-generation platform that goes far beyond traditional streaming. It empowers fans to shape the show in real time: voting on the next song, sending messages that appear on stage, and even uploading photos that become part of the live visuals.

The platform made its debut with Cairokee’s Empire V concert, in partnership with Vodafone Music, drawing thousands of users into a shared, immersive experience. Vodafone users accessed the concert through the AnaVodafone app, with ticketing and streaming fully integrated into Minly’s system.

Minly’s infrastructure is engineered for low-latency, high-volume interaction, making it a powerful tool for telcos, media companies, and brands looking to co-create next-gen digital events.

For partners, Minly Live opens a new frontier: a smart, scalable engagement channel that blends content, community, and cutting-edge technology into a single unified experience.

Find out more.

Orient Tours to invest USD 200 mn in the tourism sector

Orient Tours plans to invest USD 200 mn in Egypt’s tourism sector in the near future, CEO Remon Naguib told Asharq Business. The expansion plan by the tourism arm of financial services and advisory group Bayt El Khebra includes the renovation of two hotels, the development of the company’s Nile cruise fleet, and the construction of a new water park.

The breakdown:

#1- Orient Tours will invest USD 150 mn to renovate two recently acquired hotels in Hurghada. The two properties will offer a combined capacity of 1.5k rooms and are expected to open by next winter.

#2- The company will also develop a USD 31 mn water park in Hurghada, slated to open in October. The park will feature water-heating technology, allowing for year-round operation.

#3- Orient Tours will invest USD 18 mn to renovate three Nile cruise boats set to launch starting next year. The Royal Romance, which has 75 cabins, is expected to begin operating this winter. The Bliss Giza, formerly known as Blizzard, will feature 32 hotel suites and is scheduled to launch next summer. The Grand Sun, offering 65 cabins, is slated to open in summer 2026.

REMEMBER- Egypt’s tourism sector is on an upswing in 2025, with revenues rising 22% y-o-y to USD 8 bn in 1H 2025. Inbound visitor numbers also saw a 24% increase, reaching 8.7 mn over the same period. The government is aiming to attract 18 mn tourists by the end of the year.

No more extensions for pre-2020 tax dispute settlement deadline

The Finance Ministry has no plans to further extend the deadline given for companies to submit pre-2020 tax dispute settlement requests, with the deadline expiring on Tuesday, August 12, a senior government source told us on Thursday.

Extending the deadline requires a legislative amendment, as the law only permits a three-month extension, the source said. The initiative is part of the first package of tax facilities issued in February.

REMEMBER- The Finance Ministry is rolling out measures to make it more attractive for businesses to settle disputes dating to before 2020, including by paying a fixed percentage of taxes owed. Businesses will be able to make payments in four installments over a 12-month period without paying late fees or additional interest charges.

The first tax facilities initiative has had a significant impact, receiving a total of 113.5k applications as of June 19, according to data reviewed by EnterpriseAM. Additionally, around 52.9k applications were submitted to join the small and medium-sized enterprises system from businesses with an annual turnover of less than EGP 20 mn.

The Egyptian Tax Authority (ETA) received around 107k applications for tax dispute settlements, making up the majority of the total applications submitted. So far, 9.1k of these applications have been settled. From these settlements, 2.5k taxpayers paid a total of EGP 880 mn, compared to a total due amount of EGP 6 bn prior to the settlements — reflecting total reductions of around EGP 5.1 bn. Requests to settle disputes related to real estate transaction tax accounted for 5.8k applications.

The ETA is waiving fees and additional taxes for around 90.2k companies. These are businesses where accumulated fines surpassed 100% of the original amount. In total, the ETA has waived EGP 9.7 bn for these firms.

The Finance Ministry received 94.2k amended tax returns, generating a total of EGP 54.7 bn in tax differences for the public treasury. This is part of the ministry’s initiative that allows taxpayers to amend previous years’ returns without penalty.

The tax revenues are expected to see robust growth following the expiration of the legal deadline for the tax facilities initiative, our source said. The government is looking to secure an additional EGP 195.2 bn in tax revenues — equivalent to 0.98% of GDP — in FY 2025-2026 through a bundle of tax reforms, the IMF said last month.

Thndr joins the ADX as its first remote retail trading member. PLUS: Flat6Labs + F6 Ventures + F6 Group, Start IT, B Healthcare Investments, Elamir Group, Al Ahly Sabbour, Marakez

CAPITAL MARKETS-

The Abu Dhabi Securities Exchange (ADX) has onboarded Cairo-born investment platform Thndr as its first remote retail trading member, Emirati state news agency Wam reported Thursday. The move will allow more than 4 mn users on Thndr to trade ADX-listed stocks and ETFs directly via its mobile platform, without having to have a physical presence in the UAE.

What they said: “This partnership gives our users the chance to invest in one of the region’s strongest-performing markets over the past 5, 10, and 15 years, while also opening doors to exposure within MENA through Tabadul as well as beyond MENA. As an Egyptian founder, this moment is personal, it’s about building on the historic ties between Egypt and the UAE and creating new bridges for our communities to grow, invest, and win together,” said CEO Ahmad Hammouda.

The move marks the company’s first step into Gulf markets, with operations in Saudi Arabia set to follow in 2026, Hammouda previously said. Following its regional expansion, the trading platform is planning on listing on the EGX, according to Hammouda.

STARTUPS-

#1- Flat6Labs has launched a seed stage investment firm dubbed F6 Ventures, which will sit alongside Flat6Labs as a startup accelerator platform under the newly created F6 Group umbrella, according to a statement from Flat6Labs. The move represents a “bold evolution of the company’s 14-year journey, bringing sharper focus, expanded reach, and deeper capabilities to support founders and ecosystems across the Middle East and Africa,” according to the statement.

F6 Group’s dedicated venture capital arm F6 Ventures will manage some USD 90 mn in assets under management, which will be spread across six funds. F6 Ventures will focus on seed and early-stage startups in the Middle East and Africa through its headquarters in Cairo and offices in KSA, UAE, Jordan, Tunisia, and Kenya, with the aim of increasing assets under management to USD 200 mn within five years.

The newly founded parent structure F6 Group will be led by Dina El Shenoufy (LinkedIn) as its CEO, with Hany Al Sonbaty as its chairman (LinkedIn). Flat6Labs will now be headed by Yehia Houry (LinkedIn) as its CEO, after having previously served as its chief programs officer and managing director of its Tunisia operations.

#2- The Information Technology Industry Development Agency (ITIDA) welcomed the latest cohort to its Start IT incubation program, according to a statement (pdf) from the agency. Included on the list are healthtech platform Cluster, food waste solution Mystery Bag, AI medical consultation service Converse2Note, e-commerce platform Coccarohome, sports talent startup Sportyano, edtech LRNOVA, logistics startup Tanker, and tax assistant eDariba — each of which will benefit from an EGP 480k incubation package and USD 10k in cloud credits from Amazon Web Services.

M&A-

A CIB-led consortium led by CIB Egypt will acquire a majority stake in B Investments Holding's investment arm B Healthcare Investments, Asharq Business reported yesterday, citing two unnamed sources. The fresh funds from the acquisition will fund new acquisitions in specialized healthcare.

The acquisition will be made via a roughly EGP 500 mn capital increase that will see CIB acquire around 25% of the company, Misr Ins. 10%, Misr Life Ins. 10%, and Al Baraka Bank Egypt with 5%. B Investments Holding will hold 25% of the company following the acquisition, while Egypt’s Sovereign Fund healthcare sub-fund and another investor will own the remaining 25%.

MANUFACTURING-

Elamir Group is planning to invest EGP 500 mn in a new facility for fruit and tomato concentrate production and packaging, CEO Osama El Faham told Al Borsa.The new facility in Sadat City has received a golden license and will open up annual export revenues of USD 25 mn.

The first phase of the project will kick off production in 2027, followed by a second phase that will include a legume and fruit drying facility in 2028.

REAL ESTATE-

#1- Al Ahly Sabbour clocked in over EGP 10 bn in sales within two days of launching its new Ras El Hekma project Youd, the local real estate player said in a statement (pdf) yesterday. The 164 feddan project is being developed in partnership with Jedar Real Estate.

#2- Marakez has signed a long-term EGP 2 bn financing agreement with the Arab African International Bank to help fund the development of its Crescent Walk project, according to a statement from the bank seen by EnterpriseAM. The loan is tailored to facilitate construction of the 118-feddan project in New Cairo and to ensure on-time delivery of units.

European earnings falter in 2Q as US counterparts power ahead

European companies’ earnings are lagging behind their US counterparts in 2Q after a strong start to the year for European stocks, the Financial Times reports. While the US had begun to lose favor amid US President Donald Trump’s unpredictable policy environment, European stocks rallied to start the year, marking their best performance against US stocks in nearly a decade. Allocations to Eurozone stocks were at a four-year high at the beginning of this year, according to a Bank of America survey of fund managers, while funds have been flowing out of the US and into Europe amid bigger fiscal stimulus packages and lower interest rates in Europe, and a lack of predictability in the US.

Despite this, US stocks have quickly regained favor with strong earnings from US mega cap firms buoying stock performance, while in Europe, the region’s stock rally began to lose momentum, the salmon colored writes. Around half of the companies listed on Stoxx Europe 600 have already reported their 2Q earnings, and they imply the index will stay flat in terms of earnings growth on an annual basis, the FT said. On the other hand, the S&P 500 is on track to see a 9% y-o-y increase in average earnings growth, the FT cites BofA as saying.

Exporters, especially automakers, were among the biggest of Europe’s earnings disappointments, with carmakers seeing the sharpest downward revisions to 2025 earnings forecasts of any sector. Volkswagen, Stellantis, and Mercedes-Benz all issued warnings over the potential impact of Trump-era tariffs.

The financials sector is still a bright spot, with banks like Deutsche Bank, UBS, and BNP Paribas consistently outperforming expectations, with strong performance from their trading businesses helping them all post earnings that topped analyst forecasts.

But the EUR is not helping, with the bloc-wide currency gaining c. 12% against the greenback this year, which is good for investors allocating to European equities, but not for many European companies who make their earnings in USD, senior equities strategist at Goldman Sachs Sharon Bell said. Earnings transcripts found that more than 80% of Stoxx 600 companies flagged currency fluctuations as a drag on their earnings.

The US is still where the money is at, as analysts say Europe still lacks the big, leading businesses the US has. “You have to back it up with earnings and profits and economic growth,” said Grant Bowers, senior vice-president at investment firm Franklin Templeton. “You need the corporations to follow through — and Europe struggles to have these leading businesses.”

Things could be even more challenging in 2H: The direct tariff impact for European companies is currently “extremely small”, Bell said, adding that full impact will materialize in 2H.

EGX30	35,809	+0.9% (YTD: +20.4%)
USD (CBE)	Buy 48.49	Sell 48.63
USD (CIB)	Buy 48.50	Sell 48.60
Interest rates (CBE)	24.00% deposit	25.00% lending
Tadawul	10,930	-0.2% (YTD: -9.2%)
ADX	10,312	-0.1% (YTD: +9.5%)
DFM	6149	+0.3% (YTD: +19.2%)
S&P 500	6389	+0.8% (YTD: +8.6%)
FTSE 100	9096	-0.1% (YTD: +11.3%)
Euro Stoxx 50	5348	+0.3% (YTD: +9.2%)
Brent crude	USD 66.59	+0.2%
Natural gas (Nymex)	USD 2.99	-2.5%
Gold	USD 3491.30	+1.1%
BTC	USD 116,752.80	-0.1% (YTD: +24.8%)
S&P Egypt Sovereign Bond Index	885.10	+0.1% (YTD: +24.8%)
S&P MENA Bond & Sukuk	147.74	-0.1% (YTD: +4.9%)
VIX (Volatility Index)	15.15	-8.6% (YTD: -12.7%)

THE CLOSING BELL-

The EGX30 rose 0.9% at Thursday’s close on turnover of EGP 4.7 bn (8.1% below the 90-day average). Local investors were the sole net buyers. The index is up 20.4% YTD.

In the green: E-finance (+6.3%), Misr Cement (+4.4%), and Emaar Misr (+2.7%).

In the red: Qalaa Holdings (-2.2%), Orascom Construction (-2.1%), and Arabian Cement Company (-1.3%).

Israeli plan to take full military control of Gaza sparks diplomatic backlash from Egypt

Egypt denounced the Israeli cabinet’s decision Thursday to take over the whole of Gaza, calling out the move as a ploy to “continue the war of extermination in Gaza,” entrench illegal settlements, and undermine the Palestinian cause in violation of international law, according to a Foreign Ministry statement on Friday. The statement called out assault on the region as a genocide, mirroring statements made earlier in the week by President Abdel Fattah El Sisi.

Gaza topped the agenda of Turkish Foreign Minister Hakan Fidan’s visit to the country over the weekend, in which he met with El Sisi and jointly rejected Israel’s proposed reoccupation of the strip and called for the entry of aid, according to an Ittihadiya statement. Fidan’s meeting with his Egyptian counterpart Foreign Minister Badr Abdelatty also saw the two stress “the need to confront Israel's arrogant use of force, which undermines security and stability in the region,” according to a Foreign Ministry statement.

El Sisi also discussed the Gaza takeover plan in a call with Palestinian President Mahmoud Abbas, pledging to step up political action through the UN, Arab League, and Organization of Islamic Cooperation, according to an Ittihadiya statement. El Sisi also lent his support to the Palestinian state “assuming security responsibility with Arab and international support” and for it having a monopoly on holding arms in the strip.

AND- Sudanese Prime Minister Kamel El Tayeb Idris led a high-level delegation to Cairo late last week, which saw him discuss joint investment options for Egyptian companies in Sudan with his counterpart Prime Minister Moustafa Madbouly, according to a joint statement. The two also agreed to soon ink an MoU to approve Egyptian meds in the Sudanese market, in addition to transport, education, and security cooperation.

CALENDAR

AUGUST

10 August (Sunday): Capmas expected to release inflation data for July.

12 August (Tuesday): Egyptian Tax Authority deadline for pre-2020 tax dispute settlement requests.

12 August (Tuesday): Capmas expected to release unemployment data for 2Q 2025.

12 August (Tuesday): National Election Authority to announce Senate election results.

28 August (Thursday): Monetary Policy Committee meeting.

Mid-August: Launch of electronic platform to register Old Rent Law tenants.

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

Late-August: Deadline for cement factories to restart production.

SEPTEMBER

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.

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

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

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

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

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

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

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

16-19 November: Cairo ICT 2025, Egypt International Exhibition Center

20 November (Thursday): Monetary Policy Committee meeting.

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.

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.

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Israel to more than double Leviathan gas exports to Egypt under USD 35 bn agreement

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Israel to more than double Leviathan gas exports to Egypt under USD 35 bn agreement

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European earnings falter in 2Q as US counterparts power ahead

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Israeli plan to take full military control of Gaza sparks diplomatic backlash from Egypt

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