New privatization target set

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WHAT WE’RE TRACKING TODAY

Majority of analysts see central bank accelerating the easing cycle today as Monetary Policy Committee meets

Good morning, folks. We close out our last workweek before welcoming Ramadan with a brisk issue, led by privatization news.

We lead today’s issue with two exclusives: The Madbouly government has set a new privatization target — it now plans to raise USD 10.3 bn from selling off stakes in state-owned companies and assets by mid-2027. We also look at what will happen to the firms that were under the now-dissolved Public Enterprises Ministry — sources tell us that the Sovereign Fund of Egypt and a cabinet unit will take over.

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We’re hiring a technology reporter: EnterpriseAM is looking for a tech reporter to own the beat across Egypt, the UAE, Saudi Arabia, and beyond.

This is a reporting job — not a desk job. You’ll be working sources, breaking stories, and writing about trendlines (not just headlines) in our voice and with the authority our readers expect. AI and digital infrastructure are huge features of the beat, but our interests are broad: fintech, telecoms, regulation, SaaS, and the bajillion ways tech is reshaping how businesses operate across the region.

We want someone who can pick up the phone or WhatsApp, get people talking, and turn what they say into stories that senior decision-makers need to read. We also expect you to attend industry events and maintain relationships with PR folks across the industry without selling out. If you’ve got 2-3 years of experience and the hunger to build a beat from the ground up, we want to hear from you. We’re also interested in hearing from veteran reporters. Spoken Arabic is strongly preferred.

The role is based in Cairo, though we’re open to remote for the right candidate. If you’re reading EnterpriseAM, you know what we’re about: a no-BS daily news outlet that tells busy execs, investors, founders, and ambitious people what they need to know about the trends shaping business, economy, finance, regulation, and public policy across our region. We write stories that have impact — about issues that matter — for a global audience of decision-makers.

Do we sound like the type of place where you want work? Send your CV and three clips to jobs@enterpriseamea.com. Also enclose a great cover letter that tells us who you are, what you do, and why you’d be a great fit for this job.

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Happening today

Nine out of eleven analysts and economists polled by EnterpriseAM expect the Central Bank of Egypt’s Monetary Policy Committee to cut rates when it meets later today, with projections ranging from a cautious 100 bps to a more aggressive 200 bps, which would bring the deposit rate down from its current 21.00%.

Analysts who called for a cut will be undoubtedly emboldened after inflation was shown to have fallen 0.4 percentage points in January, its lowest level since September.

Not everyone is expecting a cut, including Thndr’s Esraa Ahmed, who told us she believes the CBE might “prefer to be more cautious for now,” citing episodes of Brent price increases due to geopolitical risks, upward pressure on some prices, and relatively slow net buying of domestic debt by foreigners in the secondary market.

It’s the final day of Gitex Global’s AI Everything Middle East & Africa summit at the Egypt International Exhibition Center, convening startups, investors, and policymakers from more than 60 countries to explore investments and innovation in the AI sector. The two-day event features a ministerial AI policy summit, exhibitions, panel discussions, networking sessions, and a hackathon.

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ENERGY — The Oil Ministry is preparing a new contracting framework to accelerate oil and gas exploration, a senior government source tells EnterpriseAM. The plan introduces simplified contracts — drafted alongside companies — and stricter rules designed to push faster decisions.

Use it or lose it: Development lease contracts will now be limited to an initial two-year maximum, with the EGPC and Egas then given the right to take back the concession without compensation in a bid to stop companies from sitting on potential discoveries, our source said. But in the event of a commercial discovery, the lease is converted to a 20-30-year contract, with long-term sales agreements establishing volumes, distribution ratios for domestic use and export, and fair pricing structures.

Why this matters: The 24-month window to push energy companies to drill or depart is part of the government’s carrot-and-stick approach to reverse production slumps and meet an increasingly difficult goal of halting energy imports by 2030 and having natural gas production hit 6.6 bcf/d.

Foreign companies will also be able to deduct costs and file simplified tax returns via a single government entity. Full customs exemptions on equipment will continue under the temporary release system, clearing the way for advanced drilling tech.

What’s next? Preparations are underway for a bid round covering the Mediterranean, Western Desert, and West Delta, with a separate Red Sea tender expected to be settled before the end of June.

SUKUK — Yields on domestic sovereign sukuk dropped on Tuesday to 20.9% on average, down from 21.5% in previous auctions, according to central bank data. The dip prompted the Finance Ministry to accept EGP 6.1 bn in bids, surpassing its target of EGP 5 bn, a senior government source tells EnterpriseAM.

The uptick in demand was attributed to the recent decision to activate a secondarymarket for sovereign sukuk, helping bolster appetite for shariah-compliant debt instruments, our source tells us.

The Finance Ministry and the central bank are also exploring further diversification of their shariah-compliant toolkit to include variable-rate sukuk, aligning with the CBE’s easing cycle and potential interest rate cuts. The government also plans to roll out sukuk with varied tenors — both short- and long-term — to broaden the investor base and capture more liquidity.

What’s next?Fixed-rate ijarah sukuk will hit the EGX for secondary market trading on Sunday.

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WISH THIS MORNING’S ISSUE was a podcast? We’ve got you. Tap or click here to listen to Morning Drive, a 10-minute version of today’s issue crafted for you to enjoy with your morning coffee, while getting the kids ready for school, or while stomping around the house wondering where the [redacted] you left your [redacted] reading glasses.
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PSA-

WEATHER– Get your masks out and brace for a possible blustery, dust-filled day in Cairo today, with a high of 26°C and a low of 17°C, according to our favorite weather app.

It’s clearer in Alexandria, with a high of 25°C and a low of 16°C.

And over the weekend, expect to see sustained windy and dusty skies in the capital and potential showers for our friends on the Mediterranean.

Correction: In yesterday’s version of EnterpriseAM, we mistakenly said that Gen. Abdel Meguid Saqr had kept his role as defense minister in the cabinet shuffle. Instead, he was replaced by Gen. Ashraf Salem Mansour. The story has been updated on our website.

The big story abroad

Gold slippedas much as 0.6% in early trading today after surprisingly strong US labor data reduced the likelihood of imminent Fed rate cuts. January marked a sharp drop in US unemployment to 4.3% with the addition of 130k jobs. The precious metal — remaining above the USD 5k per ounce mark — is expected by many banks to rise in the coming months in light of continued geopolitical turmoil, threats to the Fed’s autonomy, and a pivot away from traditional assets.

The US and Israel are yet to adopt a unified strategy on Iran, after a meeting between US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu seemingly ended without an agreement. Trump affirmed his preference to continue negotiations with Tehran in a TruthSocial post yesterday, despite reports that the Pentagon has ordered a second aircraft carrier strike group to prepare before being deployed to the region.

MEANWHILE- Switzerland may cap its population: Switzerland is voting on a proposal to place limits on its population on June 14. Originally conceived by the right-wing Swiss People’s Party, the proposal could wind up leading to a blanket ban on arrivals if the population exceeds 10 mn. It stands today at roughly 9 mn.

Gov’t sets privatization target through mid-2027

We have a new privatization program target: The Madbouly government aims to raise some USD 10.3 bn through the privatization of state-owned companies and assets by the end of the fiscal year 2026-27, two senior government sources tell EnterpriseAM.

Why it matters: Egypt requires around USD 6 bn to fulfill its commitments under the economic reform program. Securing these funds will bolster foreign reserves beyond the expected USD 55 bn mark, ensuring the sustainability of structural reforms, easing reliance on further borrowing, and enhancing the nation’s ability to meet debt obligations, government sources have previously told EnterpriseAM.

We fell short of previous targets: The state raised 48% of its USD 12.2 bn privatization target for March 2022-July 2025, selling stakes in 19 companies through direct stake sales and IPOs, raising some USD 5.9 bn.

The 60-company list is official: The newly minted cabinet approved the move to raise the number of companies slated for privatization from 35 to 60, the sources said, confirming previous reporting by EnterpriseAM.

A new batch of state firms is EGX-bound: Preparations are underway to take 20 state-owned companies public on EGX, spanning the ins., logistics, construction, and healthcare sectors, the sources said. These offerings will feature stakes ranging from 10% to 40%. The government has been working to boost liquidity on the EGX ahead of this next phase of privatization.

And on the strategic sale front: The government committee in charge of privatization is prepping a number of strategic sales, our sources said without disclosing further details.

We know privatization has been on the brain, with the government appointing investment banks and counsels for 10 companies in preparation for selling stakes in them last September.

To make sure we stay on target: Four new KPIs will be introduced to accelerate the implementation of the State Ownership Policy. Monitored via semi-annual reviews, these benchmarks will track credit flow to the private sector, institutional stability, the overall business climate, and an employment index to quantify job creation.

Sovereign Fund of Egypt takes the wheel of profitable state companies

Oversight of profitable public enterprises is moving to the Sovereign Fund of Egypt and the cabinet’s State-Owned Enterprises Oversight Unit, three government sources tell EnterpriseAM. The news follows the latest cabinet reshuffle and the dissolution of the Public Enterprises Ministry.

Roughly 110 companies are slated to fall under the fund’s umbrella, the sources said, with an eye to helping develop them or offering up stakes in the state’s privatization push. About 53% of these firms operate in manufacturing, spanning real estate, construction, building materials, and retail trade — sectors long viewed as low-hanging fruit for Gulf and foreign investors, underpinned by steady domestic demand and tangible asset bases.

Why it matters: Under the new structure, the two entities will steer these companies with a sharper focus on profitability and operational efficiency. The shift signals a more centralized, performance-driven approach — one that aims to treat state-owned firms less as administrative appendages and more as balance-sheet assets.

Companies under the now disbanded ministry’s umbrella making limited or substantial losses will be reassigned to ministries best aligned with their activities, with the number of companies standing at around 36, we were told.

What’s next? An updated version of the State Ownership Policy Document is expected to land on the new government’s desk by the end of June, the sources say. The document will chart the future of some 561 state-owned companies based on a preliminary inventory — a sweeping review that could redefine the state’s economic footprint.

How the country’s first burial sector-focused developer Serenity plans to live up to its name

The country’s first specialized burial-sector developer announced its intention last week to redefine “the concept of cemeteries in Egypt through a well-organized, dignified, and contemporary framework.” Serenity for Investment and Real Estate Management’s EGP 5 bn plan to build a 58-feddan memorial garden caught our interest, so we decided to sit down with Serenity’s co-founder Laithy Mekawy to find out more about the project and how they’re designing it to make sure it lives up to its name.

The name Serenity was born out of the contrast between the chaos of local cemeteries and the “peaceful, clean, and organized” shariah burial experiences the partners encountered abroad. “We sat and we spoke and we realized how [abroad] things are organized […] and here’s where the name came from,” Mekawy tells us. The goal was to replicate that “inner serenity” in an Egyptian context, where the experience can often be daunting and chaotic for those wishing to visit their loved ones.

While typical cemeteries reach up to 70% density, Serenity’s is capped at 40%, a move intended to replace claustrophobic walls with openness. “The density is much less than everywhere else […] which gives us much more space for green areas, wider roads,” Mekawy explains.

Away from brick-and-mortar plans, landscaping is set to play an important role in helping the site — which Mekawy very deliberately described as a memorial garden — live up to its name. “We want people to be able to park their cars and enjoy the quietness of the lush landscape — the bougainvilleas, the palms, and the natural shading,” he said.

To prevent the 58-feddan site from feeling like a monolithic development, Mekawy said they avoided a traditional repetitive grid in favor of distinct “clusters.” By breaking the land into smaller groups of buildings separated by greenery and focal points, the layout creates a sense of openness. “We didn’t make it all continuous in one line. We made it clusters […] so people have more openness when they’re walking around. They look left and right. It’s more open, not walking in between walls,” he says, ensuring the scale remains human and intimate.

And to maintain this peace even during growth, the site is phased by 15-meter-wide roads. “Each cluster is a phase […] people won’t feel the construction in other zones. It will be completely separated,” he explained.

To tackle the heat of the open desert, the architecture itself acts as a climate control system. Inside each unit, there are openings in the ceilings and through the walls to create ventilation wind traps, along with local natural marble to reflect heat and steel meshes with Islamic geometric designs to provide shade. “When people sit there, they have beautiful natural light coming from everywhere, yet they also have a place where it’s shaded from the sun.”

With a phase-one launch slated for this quarter, the firm is already mulling scaling the model across Egypt and into the wider Middle East. “This is a complete transition point for something better,” Mekawy said, noting that the firm is also exploring dedicated developments for the Christian community. “Hopefully this will be a turning point for a lot of people to [remodel this sector] to adapt to one’s needs today.”

Purpose beyond innovation: how Vodafone Egypt is turning sustainability into impact

As sustainability becomes a defining measure of corporate leadership, Vodafone Egypt is positioning itself as a driver of both innovation and long-term value. The newly released FY 2024-2025 Sustainability Report, titled Purpose Beyond Innovation, highlights a year of tangible progress across communities, operations, and the digital economy.

At the heart of the report are the purpose pillars that guide every action, Empowering People and Protecting the Planet, anchored by Maintaining Trust. Together, they frame Vodafone’s approach to delivering technology-led impact that extends beyond connectivity.

Under Empowering People, Vodafone expanded access to essential digital services across Egypt. More than EGP 12 bn was invested in network infrastructure to support thousands of rural sites, while digital healthcare solutions reached mns of citizens through facilities nationwide. Through Vodafone Cash and the Ta3limy education platform, the company continued to advance financial inclusion and learning access, widening opportunities for individuals and communities alike.

In Protecting the Planet, the report highlights progress in energy efficiency and climate action. Vodafone matched 100% of its electricity consumption with renewable sources, reduced operational emissions, expanded solar solutions at network sites, and achieved full recycling of network waste. These measures demonstrate a broader shift toward a lower-carbon, more resource-efficient footprint.

Across both pillars, Maintaining Trust underpins Vodafone’s approach to responsible operations. It reflects how the company fosters inclusive workplaces and drives employee growth while upholding strong health and safety standards. It also highlights recognition for network quality and the strengthening of local technology partnerships that support a more resilient digital ecosystem.

To explore the full FY 2024-2025 Sustainability Report and learn more about Vodafone Egypt’s impact across communities and the environment, click here.

Sawiris Foundation aims to equip 100k Egyptians with digital skills

The Sawiris Foundation for Social Development is looking to equip over 100k young Egyptians with digital skills and offer them employment prospects under its Jusur El Foras program with Mohammed bin Rashid Al Maktoum Global Initiatives, Shaghalni, and The Digital School, according to a statement from the foundation.

FRA makes life and disability ins. mandatory for all customer finance loans

Consumer finance players must bundle life ins. under new FRA rules

The Financial Regulatory Authority is making life and disability ins. a mandatory requirement for all consumer finance loans. Under a new decree, lenders must provide coverage for borrowers up to age 65 — with the option to extend to older clients subject to insurer approval — while making sure the insured amount matches the outstanding loan balance, according to a statement from the authority. Firms have six months to comply.

Why it matters: Consumer finance players, already battling high interest rates and inflation, must now bake ins. premiums into their cost structure. While it protects the lender’s balance sheet from defaults due to death or disability, it adds friction to the instant credit model that has driven the sector’s growth. For life insurers, this is a mandated expansion of their addressable market.

Sokhna is getting a USD 2 mn fertilizer plant

Local fertilizer player Grass Egypt will set up a USD 2 mn plant in the Sokhna Industrial Zone. The 15k sqm facility will produce fertilizers, soil conditioners, and agricultural pesticides with an annual capacity of 5k-7k tons, aiming to slash our import bill for these products. Production is expected to start in early 2027.

Whales buy the BTC dip, traders hesitate

BTC’s largest holders are stepping back in. Wallets holding more than 1k BTC — known in the crypto world as a whale — accumulated around 53k coins over the past week — their biggest buying wave since November, Bloomberg reports, citing data from research firm Glassnode. The purchases, valued at more than USD 4 bn, helped steady the market after BTC slid nearly 40% from its October peak.

The move offered temporary relief, with the currency rebounding to around USD 70k from around USD 60k before depreciating once again against the greenback, putting out any optimism that the jump was the start of a sustained rally.

The recent buying interrupted months of net selling. Since mid-December, more than 170k BTC has flowed out of large-holder wallets — and while recent buying has slowed the bleed, it has yet to reverse the broader outflow trend. “It does slow down any downfall, but we still need to see more money coming into the market,” Glassnode’s Brett Singer told the business news service.

Data from futures markets show that professional traders are cutting back on wagers that BTC will rise, signaling a more cautious mood, according to crypto research coverage by HedgeCo. The price is hovering between roughly USD 65k and the mid-USD 70k range, suggesting it is moving sideways rather than preparing for a sharp breakout.

Spot BTC ETFs are still seeing money come in despite the recent price drop, suggesting some large institutional investors are quietly hedging on a recovery over the medium term, even as short-term traders pull back. The pattern matches blockchain data showing big players buying while faster-moving investors step aside.

Still, overall demand remains muted. Many ETF investors who bought during the rally are now sitting on losses, making them less eager to weigh in. Public companies that had been accumulating BTC have also slowed their purchases as their own stock prices come under pressure.

A rotation, not a collapse

HedgeCo describes the current phase as a rotation rather than a collapse, as leveraged traders step aside while whales and institutions selectively accumulate. That dynamic has historically helped prices find a floor, but durable rallies typically require broader participation.

Macro headwinds are adding to the caution. Risk-off sentiment tied to US economic data, inflation expectations, and equity volatility continues to weigh on crypto, reinforcing BTC’s growing sensitivity to broader financial conditions.

MARKETS THIS MORNING-

Asia-Pacific markets are in the green in early trading this morning, with both Japan’s Nikkei and South Korea’s Kospi hitting record highs, thanks to the tech rally. The Nikkei is building on earlier gains triggered by Prime Minister Sanae Takaichi’s election victory.

EGX30	49,700	-1.3% (YTD: +18.8%)
USD (CBE)	Buy 46.78	Sell 46.92
USD (CIB)	Buy 46.80	Sell 46.90
Interest rates (CBE)	20.00% deposit	21.00% lending
Tadawul	11,168	-0.4% (YTD: +6.5%)
ADX	10,654	0.0% (YTD: +6.6%)
DFM	6,686	-1.3% (YTD: +10.6%)
S&P 500	6,941	0.0% (YTD: +1.4%)
FTSE 100	10,472	+1.1% (YTD: +5.4%)
Euro Stoxx 50	6,036	-0.2% (YTD: +4.2%)
Brent crude	USD 69.40	+0.9%
Natural gas (Nymex)	USD 3.21	+1.6%
Gold	USD 5,086	-0.3%
BTC	USD 66,875	-2.8% (YTD: -23.5%)
S&P Egypt Sovereign Bond Index	1,020	+0.1% (YTD: +2.8%)
S&P MENA Bond & Sukuk	152.63	+0.4% (YTD: +0.5%)
VIX (Volatility Index)	17.51	-1.5% (YTD: +19.0%)

THE CLOSING BELL-

The EGX30 fell 1.3% at yesterday’s close on turnover of EGP 7.6 bn (27.4% above the 90-day average). Local investors were the sole net buyers. The index is up 18.8% YTD.

In the green: Orascom Development (+4.2%), Kima (+2.4%), and Ibnsina Pharma (+2.3%).

In the red: Edita (-3.9%), Misr Cement (-2.7%), and GB Corp (-2.6%).

My Morning Routine: Hani Girgis, CEO and managing partner at Deloitte Innovation Hub

Hani Girgis, CEO and managing partner at Deloitte Innovation Hub: Each week, My Morning Routine looks at how a successful member of the community starts their day — and then throws in a couple of random business questions just for fun. Speaking to us this week is Deloitte Innovation Hub CEO and Managing Partner Hani Girgis (LinkedIn). Edited excerpts from our conversation:

My name is Hani Girgis. I’m the CEO and managing partner of the Deloitte Innovation Hub and a senior partner at Deloitte UK. Outside of work, I’m also known as Hani G and, more importantly, I’m a father of three. I’m the oldest of five siblings, was born and raised in Denmark, and have lived in more than 10 countries over the years. Originally, though, I’m Egyptian.

Deloitte is one of the oldest professional services companies in the world, and we’ve been in Egypt for a very long time — but the Deloitte Innovation Hub has only been in Egypt for just over two years. The story is very simple: from an EMEA perspective, we were looking for a location that would have the most amazing talent — and where we can help create the most talent. With that in mind, we spent a lot of time working with ITIDA — which was very, very valuable to us — and we ultimately decided that the place to grow our next innovation hub would be in Egypt.

We’re all about helping our clients deliver technological transformation. In the age of AI, agentic, and cyber, we typically help clients solve very complex problems.

You can’t talk about technology today without talking about AI — and increasingly agentic AI. We’ve been hearing and talking about AI for a while, but the key is distinguishing the reality from the hype. A lot of money has been invested in AI, and there are lots of proofs of concept — the question is what actually translates into direct, productionized systems. So we’re helping clients filter through the right use cases and the right technology stack, because it’s fast-evolving — you can’t even blink without a new technology or a new release coming out.

A lot of people talk about a structured routine, but I’m unfortunately a very unstructured person. I’m on a plane quite often, so my routine is basically wherever I am. For example, I’ll usually take an overnight red-eye, land in Cairo at 5:30am, and go straight to the office. There I’ll get freshened up, get ready, and be at my desk by 6:00 or 6:30am.

When I’m in London at home, it’s different. If I have to go off to clients, it’s about making sure I understand the meetings I’m getting into, making sure I’m briefed, and that I face the day with a step in my stride. So unfortunately, I’m not someone who wakes up every day at 5am to go to the gym for an hour and a half. I’d love to — the intent is there — but what I would like my morning routine to be like and the reality are two very different things.

One thing that stays the same, however, is that no two days are the same, and that’s the beauty of my work.

I’m very much a people person. I’m maybe not as “productive” as most leaders are, but where I don’t focus on productivity, I focus on spending time with people. In my diary, you’ll see back-to-back meetings, but I deliberately put in slots where I go and just walk the corridors. When I’m in Cairo, for example, I’ll talk to people in HR, talk to people in finance, talk to my practitioners. At the end of the day, we’re a people business — and unless you know and appreciate what’s happening at all layers of the onion, so to speak, you lose out.

I stay focused and organized because I have the most amazing executive assistant on earth. She’s been with me forever, and [our] meeting is only in the diary because she told me, “this is the most important meeting you need to do.” And I have to give credit to my whole team as well. As you get more responsibilities, you have to accept that you can’t own and control everything, and that you need to rely on your team to direct you.

I think the responsibility of any leader is to empower the team. I was introduced many years ago to the idea that while leadership is often represented as a pyramid with the leader at the top, you can flip that pyramid upside down. My job is to empower the immediate folks working with me — my COO, offering leads, technology evangelists, and HR — so that they, in turn, empower the teams beneath them. At the end of the day, it comes down to two things: empowerment and direction.

Work-life balance is about context, including who you are as an individual and where you are in your life. In my early twenties, for example, I doubled down on work. But then in 2008, when I had my first child, Isabel, I absolutely put work on the back burner. I firmly believe in working hard, but that doesn’t mean I don’t believe in balancing this with personal life.

When I’m done with work, I do two key things. First, I love reading — and I’m not going to lie, it’s not like I’m reading fantastic self-help books. I read fiction: detective stories, crime, that kind of thing. Second, I watch a lot of TV — including a lot of nonsense. Netflix, Prime, whatever — there’s almost no series I haven’t seen. I’d also like to do more Jiu Jitsu — I did it for four years and discovered it very late in my life — but I haven’t done it for at least a year because I’m on a plane the whole time and I make excuses for myself.

On a personal level, I turn 50 this year. I’m not really one for setting big goals, but I was adamant I was going to run a full marathon by the age of 50, and I haven’t. I’ve run a half-marathon and would still love to complete a full marathon — even if I do it slower than a turtle — just to say I’ve achieved it and for the discipline of training up for something like that.

Professionally, I want to grow the Deloitte Innovation Hub to be the best place for talent to want to come to in the tech and innovation space in Egypt. We’ve gone from zero to 680 people in 25 months — and with God’s grace, we’re going to be 12k people. That’s my magic number.

The best piece of advice I was given came from one of the first managers I ever worked for — and honestly, he wasn’t the best manager. Everything he embodied is everything I’ve grown not to want to be. But his advice stuck with me: always pay attention to everybody.

If you want access to the CEO, the most important person is not the CEO — it’s the secretary. If you just walk in and say, “I want to meet him,” you’re just one of many. But if every day you walk into the office and say good morning to the secretary, and you treat that person like an individual, then one day, when you actually need something, that’s your gateway.

CALENDAR

2026

FEBRUARY

11-12 February (Wednesday-Thursday): Gitex Global’s AI Everything Middle East & Africa Summit.

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

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

MARCH

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

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

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

APRIL

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

12 April (Sunday): Coptic Easter.

25 April (Saturday): Sinai Liberation Day.

MAY

1 May (Friday): Labor Day.

21 May (Thursday): Monetary Policy Committee’s third meeting of 2026.

27-29 May (Wednesday-Friday): Eid El Adha (TBC).

JUNE:

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

JULY

9 July (Thursday): Monetary Policy Committee’s fourth meeting of 2026.

23 July (Thursday): National holiday in observance of Revolution Day (TBC).

AUGUST

20 August (Thursday): Monetary Policy Committee’s fifth meeting of 2026.

26 August (Wednesday): National holiday in observance of Prophet Muhammad’s birthday (TBC).

SEPTEMBER

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

24 September (Thursday): Monetary Policy Committee’s sixth meeting of 2026.

27-29 September (Sunday-Tuesday): Global Conference on Population, Health, and Human Development.

OCTOBER

6 October (Tuesday): Armed Forces Day.

29 October (Thursday): Monetary Policy Committee’s seventh meeting of 2026.

DECEMBER

17 December (Thursday): Monetary Policy Committee’s eighth meeting of 2026.

EVENTS WITH NO SET DATE

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

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

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

1Q 2026: Turkish President Recep Tayyip Erdogan to visit Egypt.

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

2H 2026: Operations at Deli Glass Co’s new USD 70 mn glassware factory kick off.

2027

20 January-7 February: Egypt to host the African Games.

April 2027: Tenth of Ramadan dry port and logistics hub to begin operations.

EVENTS WITH NO SET DATE

2027: Egypt to host EBRD’s annual meetings.

2027: Egypt-EU Summit 2027.

End of 2027: Trial operations at the Dabaa nuclear power plant expected to take place.

September 2028: First unit of the Dabaa nuclear power plant begins operations.

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Majority of analysts see central bank accelerating the easing cycle today as Monetary Policy Committee meets

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Gov’t sets privatization target through mid-2027

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Sovereign Fund of Egypt takes the wheel of profitable state companies

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Sawiris Foundation aims to equip 100k Egyptians with digital skills

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FRA makes life and disability ins. mandatory for all customer finance loans

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Whales buy the BTC dip, traders hesitate

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My Morning Routine: Hani Girgis, CEO and managing partner at Deloitte Innovation Hub

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