Oil and gas production decline to end in two months, says Oil Minister Karim Badawi

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WHAT WE’RE TRACKING TODAY

Madbouly announces five-day Eid Al Adha break from Thursday

Good morning, folks. We’re kicking off the first day of the month with news that the decline in oil and gas production is set to stabilize in two months, according to Oil Minister Karim Badawi, fresh entrants to the privatization pipeline for the next fiscal year, and more.

PSA-

WEATHER- It’s another partly cloudy day in Cairo today, with a high of 31°C and a low of 20°C, according to our favorite weather app.

After a stormy weekend, it’s calming down in Alexandria, with a high of 25°C, a low of 19°C, and a chance of light rain.

It’s official — the public sector will take a five-day break from Thursday, 5 June through Monday, 9 June in observance of Eid Al Adha, Prime Minister Moustafa Madbouly announced late last week. The Labor Ministry and the central bank are yet to announce the dates for the private and the banking sectors. Exams, if any, will continue as scheduled according to the dates set by the relevant authorities.

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HAPPENING TODAY-

The Cruise Egypt Forum 2025 kicks off today at the Hilton Cairo Heliopolis, marking the country’s first event fully dedicated to the cruise industry. The two-day gathering brings together public and private sector stakeholders — including government ministries, port authorities, cruise lines, and tourism developers — to discuss how Egypt can position itself as a regional cruise hub and unlock investment openings in the sector.

NEWS TRIGGERS-

It’s the first day of June — here are the key news triggers to keep your eyes on this month:

Non-oil private sector activity to continue decline? Policymakers, private sector players, and economists are eagerly waiting S&P Global’s PMI figures for May that will be coming out on Tuesday this week. April’s reading saw non-oil private sector activity decline further to 48.5 amid weaker consumer spending — marking Egypt’s lowest PMI reading in 2025 so far.
Inflation to level out after two consecutive months of acceleration? Capmas and the CBE are expected to publish May’s inflation data on Tuesday, 10 June. Data for April saw annual headline urban inflation inch up for the second straight month on the back of rising energy costs, after having dropped a whole 11.2 percentage points in February.
Big privatization updates on the horizon? IFC President Makhtar Diop will touch down in Egypt at some point this month and we expect our airport privatization push — which we have tapped the IFC to give a helping hand — to top the agenda of his trip. Watch this space.

THE BIG STORY ABROAD-

Hopes for an approaching ceasefire in Israel’s relentless and indiscriminate assault on Gaza became even more distant, after the US Special Envoy the Middle Easy Steve Witkoff attacked Hamas’ amendments to a US-backed proposal as “totally unacceptable” in a post on X. In addition to a 60-day truce, the exchange of 28 of the 58 hostages still held in Gaza for more than 1.2k Palestinian detainees, and the entry of humanitarian aid, Hamas is pushing for the inclusion of a road map to a permanent ceasefire and other amendments. (Reuters | Associated Press | New York Times | Financial Times | Guardian)

While over in the occupied West Bank, Israel blocked a planned visit to the West Bank by a group of Arab foreign ministers, including Egypt, Saudi Arabia, Jordan, and Bahrain. An Israeli official called the delegation’s meeting with the Palestinian Authority a “provocative move” aimed at promoting Palestinian statehood. The Jordanian Foreign Ministry called out Israel for its “clear breach of Israel’s obligations as an occupying force.” (New York Times | Reuters)

And over in the business papers, US President Donald Trump is making the headlines with yet another new tariff announcement, setting his sights on steel and aluminum imports with a planned 50% tariff starting 4 June. The doubling of the existing tariff will “secure the steel industry” and stop foreign competitors from “getting over the fence,” Trump said. (Financial Times | Bloomberg | Wall Street Journal)

Oil and gas production decline set to stabilize in two months, says Egyptian Oil Minister Karim Badawi

The years-long fall in oil and gas production will soon come to a very welcome halt, according to remarks made by Oil Minister Karim Badawi in a ministry statement. Thanks to increased efforts to raise field productivity, gas and oil production will stabilize in the next two months, he said. Badawi did not elaborate on whether he meant that both the oil and gas sectors will halt production declines, or if they will collectively put an end to the fall in total energy production.

Halting the decline is just step one, with the ministry setting its sights on soon ramping up production. Egypt is working to not just cut down its energy import bill, but become a regional energy exporting powerhouse under a plan detailed in a government document seen by EnterpriseAM that we covered last week in our Hardhat deep dive. While our energy import bill is expected to reach a burdensome USD 10 bn for the next fiscal year, the state thinks it can reverse its energy trade fortunes and bring in USD 5 bn in energy exports by the end of the decade. This would raise the sector’s contribution to GDP to 8.0% by 2030, up from 5.8%.

IN CONTEXT- Badawi’s comments come as Egypt faces a widening gas supply gap heading into peak summer demand. Egypt reportedly aims to import 155-160 shipments of LNG in 2025 to close the gap between demand and supply. Egypt needs around 6.2 bn cubic feet per day (bcf/d), but domestic production only contributes roughly 4.4 bcf/d.

Fresh projects, in addition to improving productivity, are part of the plan, with the Oil Ministry finalizing 15 upstream agreements worth USD 618.5 mn, on top of 12 already signed this fiscal year totaling USD 631 mn, Badawi was quoted as saying by Al Mal. The 27 agreements cover the drilling of 123 wells and are expected to add some 41k barrels of crude oil per day and 1.4 bcf/d.

But until then, we’re going to need shipments of LNG to fill the gap — and regasification units to process them. The government is mulling another floating storage and regasification unit to ease pressure on the grid ahead of peak summer demand, hoping to secure enough gas to avoid a return to rolling blackouts, unnamed sources told Bloomberg.

This would bring the number of regasification vessels helping Egypt throughout the summer months to five, alongside the recently arrived Energos Power and the already docked Hoegh Galleon in Ain Sokhna, which will soon be joined by the Energos Eskimo that’s currently in Jordan’s Aqaba and a floating storage regasification unit from Turkish state-owned energy firm BOTAS.

Nitzana pipeline delay threatens Egypt's Israeli gas import plans amid rising demand

The planned 600 mn cubic feet a day (cfd) Nitzana pipeline to boost Israeli gas exports to Egypt is facing delays over volume allocation and cost burden disagreement between Chevron’s Leviathan and Tamar field partners and Israel’s Natural Gas Authority, according to industry publication Middle East Economic Survey (Mees). Originally slated for launch this year, the pipeline’s start-up has been postponed to 1H 2028, according to Leviathan partner NewMed Energy.

The delay will cap Israeli gas exports to Egypt at 1.6 bn cfd from 2H 2026, limiting Egypt’s ability to secure a more affordable alternative to costly LNG shipments amid rising domestic demand and declining production. Israel exported 1.0 bn cfd of gas to Egypt in 1Q 2025, but plans are in place to increase exports to 1.6 bn cfd by 2H 2025 through upgrades to the EMG pipeline and new compression stations in Jordan.

Nitzana pipeline? Nitzana is a proposed 65 km onshore gas pipeline connecting Israel’s southern gas network to Egypt’s gas network in eastern Sinai. With a planned capacity of 600 mn cfd, the pipeline aims to increase Israel’s gas export capacity to Egypt to 2.2 bn cfd, up from the current 1.6 bn cfd cap.

We currently buy Israeli gas at half the price of LNG imports — but that could change. Israeli gas is priced at under USD 6/mmBtu, but there are “rumors circulating both in Egypt and Israel that the partners at Leviathan and Tamar could look to hike the price of gas they sell to Egyptian state-backed offtaker Blue Ocean Energy,” the Mees report reads. Similarly, two industry insiders also told Reuters last week that Israel is lobbying for a 25% hike to its Egypt-bound gas exports.

Natural gas prices for Egyptian households to rise by 25% this month

The Madbouly government is set to hike household natural gas prices by around 25% this month, a government source told EnterpriseAM. The new prices will start being applied to consumption starting June, and will show up in bills issued starting early July.

Natural gas consumers will now pay:

EGP 4 per cbm for up to 30 cbm of consumption, up from EGP 3 per cbm;
EGP 5 per cbm for up to 60 cbm of consumption, up from EGP 4 per cbm;
EGP 7 per cbm for anything over 60 cbm, up from EGP 5 per cbm.

Factory gas prices could be next. While no decision has been issued yet, our source said that the country’s industrial sector could also see higher gas prices in the coming days.

Local news outlets Masrawy and Shorouk also picked up the news, citing sources from the Oil Ministry and the Petroleum Commercial Services Company.

REMEMBER- The government also hiked the price for a 12.5-kg butane gas cylinder 33.3% to EGP 200 and a commercial cylinder by 33.3% to EGP 400, alongside the first fuel price hike this year in April.

Madbouly gov’t doubles property tax exemption threshold to EGP 4 mn

The tax exemption threshold for privately-owned houses has been doubled to EGP 4 mn, a government source told EnterpriseAM. The news follows the Madbouly government giving the green light to amendments to the Property Tax Law last week.

We already knew this was coming: A senior government official confirmed to us in March that the Finance Ministry was looking to amend the property tax law to raise the exemption threshold to EGP 4-5 mn, up from EGP 2 mn currently, in light of rising property prices and inflation. A few months earlier, Deputy Finance Minister for Tax Policy Sherif Al Kilani told us that the current exemption threshold became “outdated due to inflation and rising property prices.” He added that the ministry was considering either raising the cap or exempting private family residences entirely while taxing additional properties.

Some 30% of the unit’s value has been deducted for maintenance and to account for developments in the real estate market to ease the burden on citizens, the source said. An automated unified real estate tax platform is currently in the trial phase. The platform will allow real estate units to be registered, and taxpayers can submit a unified file for all real estate holdings without being restricted to the geographical location of the residential or administrative unit.

The first phase of the property tax changes will focus on ten urban areas expected to bring in the greatest chunk of targeted revenues, including the New Administrative Capital, the North Coast, Sheikh Zayed, and the Fifth Settlement, before expanding nationwide, according to the source. Residential compounds are expected to account for 450k units out of a total of 45 mn housing units, which are estimated to shape Egypt’s real estate wealth, given the lack of an accurate inventory, according to the source.

Doubling the target: The nation’s real estate assets are expected to generate some EGP 18 bn in tax revenues in the coming fiscal year, up from a targeted EGP 8 bn in FY 2024-2025, according to our source. The projected increase reflects higher valuations across the key urban areas mentioned above.

Dispute settlements and waiving late payment interest will yield some EGP 7 bn, according to the source, who confirmed that the late arrears come on top of the ministry’s priorities. “The amendments to the law will provide unprecedented incentives by waiving late payment interest, and ensure that fines do not exceed the original tax,” the source added.

What the amendments entail: Among the most notable amendments is the introduction of a clause exempting taxpayers from tax if the property cannot be utilized due to emergency circumstances or demolition. The amendments also set a cap for late payment fines and regulate procedures for automatically raising the tax. The amendments also stipulate the recognition of electronic payment receipts, the establishment of committees to waive the tax and late payment fees, along with a temporary exemption upon full payment within a specified period.

The draft law will also develop the tax appeal system by allowing appeals of inventory and rental value to be submitted electronically, in addition to considering the Appeals Committee’s decision as the basis for tax payment, thus reducing disputes.

ICYMI: The Finance Ministry was in the process of selecting three to four private sector consulting firms to help reassess Egypt’s real estate assets and propose new valuation methods for the property tax system. The consulting firms are expected to be selected and begin work this month. The new valuations — expected to be out in 2H 2025 — are part of a broader strategic overhaul of the property tax law.

Utilities as an accurate inventory tool: Public utility bodies, such as electricity, natural gas, and water, will cooperate in the coming period to utilize their data to update the database in the targeted areas. The transitional period between each phase has not yet been determined, but “we will expedite the inventory and tax assessment processes and allow the submission of electronic forms to obtain a private housing exemption or submit reconciliations for late arrears. This will be done entirely electronically to facilitate the procedures,” according to the source.

What’s next: The cabinet has yet to refer the draft law to the House of Representatives for discussion.

Egypt’s Ashry Steel to build EUR 600 mn stainless pipe plant

Ashry Steel Group is set to build a seamless stainless steel pipe factory with investments exceeding EUR 600 mn, after securing a production license and receiving formal accreditation from the government last week, Chairman Ayman El Ashry told EnterpriseAM. The new plant will have an initial annual production capacity of 250k tons, Ashry added.

The plant is slated to come online within 24 months, a move El Ashry said would support downstream industries and ease reliance on imported inputs. Ashry Steel plans to begin site visits after the Eid Al Adha break, ahead of signing production line contracts and breaking ground on the project.

The green light comes as the government works to localize steel manufacturing, curb imports, and position Egypt as a regional export hub under a new industry strategy, Industry Minister Kamel El Wazir said during a meeting with leading domestic producers last week. The plan includes issuing new billet production licenses, redistributing surplus supply, and drafting unified industrial policies with business associations.

AND- Local steel manufacturer El Marakby Steel is planning to invest up to USD 10 mn next year — double its previously announced spending, CEO Hassan El Marakby told EnterpriseAM. The move comes as part of the group’s strategy to improve operational efficiency, expand its value-added product offerings to boost exports, and reduce its carbon footprint as the EU’s Carbon Border Adjustment Mechanism — known more commonly as CBAM — nears implementation.

Egypt’s Finance Ministry unveils plan to offer stakes in 11 companies in FY 2025-26

The Finance Ministry confirmed plans by the government to offer stakes in 11 state-owned companies in FY 2025-2026 as part of the country’s privatization program, according to its latest monthly financial report (pdf). The announcement aligns with statements by government sources who told EnterpriseAM earlier this month that the state aims to raise USD 4-5 bn through stake sales in 11 companies by the end of the upcoming fiscal year.

ICYMI- The lineup includes five military-affiliated firms. The Sovereign Fund of Egypt (SFE) is restructuring five companies affiliated with the military’s National Service Projects Organization to list them on the EGX before 2026. These include filling station operator Wataneya, bottled water company Safi, food manufacturer Silo Foods, fuel retailer Chill Out, and the National Roads Company.

Private investment grew 35.4% y-o-y in 2Q FY 2024-2025, accounting for 53.3% of the total investments, according to the report. Meanwhile, public investment fell 25.7% y-o-y during the quarter, aligning with the state’s strategy to hand more of the economic reins to the private sector.

REMEMBER- The state has so far raised some USD 6 bn across 21 transactions under the program. The SFE is also conducting a comprehensive review of the privatization program that could see it expanded to include 40-60 state-run companies, up from the current list of 35.

EFG Hermes's SEP partners with First School Management to launch GEMS-branded schools in KSA and Bahrain

EFG Hermes-backed K-12 operator Spark Education Platform (SEP) is expanding its presence in the Gulf with a strategic partnership with GEMS Education’s school advisory initiative First School Management (FSM) to launch GEMS-branded schools in Saudi Arabia and Bahrain, according to a joint statement (pdf). This marks the first intellectual property agreement under FSM’s global advisory initiative.

The details: FSM will provide advisory and operational support to SEP, which currently operates four schools in Saudi Arabia with a total capacity exceeding 10k+ students and plans to expand to 20 schools with 20k enrolled students across the GCC over the next five years.

What they said: “After our great success story in Egypt, I am honored to expand our partnership with First School Management into Saudi Arabia and Bahrain as key GCC markets with significant demand for new high-quality K-12 education capacities,” Co-CEO of EFG Hermes Karim Moussa said.

REFRESHER- SEP is backed by the USD 300 mn Saudi Education Fund, which was launched in November 2024 by our friends at EFG Hermes. SEF plans to deploy its capital over the next three years, with a primary focus on the Kingdom, alongside its ventures in the UAE and Bahrain.

Accor will operate a 220-key Mövenpick hotel in Sheikh Zayed under an agreement inked with homegrown construction firm Crest Development, the French hospitality group said in a statement. The Mövenpick Cairo West will open in 2028 and be developed by Living Lines, the real estate arm of Crest Development, as part of a wider mixed-use masterplan in Sheikh Zayed.

The details: The hotel will sit in West Cairo, positioned to serve both Sixth of October and Sheikh Zayed cities, with proximity to key business and residential zones, as well as cultural landmarks like the Grand Egyptian Museum and the Giza Pyramids — both of which will be 20-30 minutes drive away. Plans for the property include 220 rooms and suites, alongside a mix of food and beverage outlets, event space spanning 500 sqm, four meeting rooms, and wellness facilities including a spa, fitness center, and swimming pools.

What they said: “This signing reflects our shared ambition to deliver premium hospitality experiences in high-growth markets aligned with Egypt’s Vision 2030,” Accor MENAT-COO Paul Stevens said.

IN CONTEXT- Egypt has a plan to increase tourist footfall from 15.7 mn last year to 30 mn tourists a year by 2030, alongside a target to boost hotel room capacity to 500k from 228k currently.

Egyptian court ruling on St Catherine's Monastery catches the attention of the global press

Sinai’s St Catherine’s Monastery is in the international spotlight after a recent court ruling in Egypt affirmed the state’s ownership of the land housing the sixth-century site, while granting the monastery usage rights, outlets across the globe reported. The move drew concern from Greek Orthodox leaders, who warned it could threaten the monastery’s autonomy and sacred status. (France 24 | Telegraph | Kathimerini)

The government was quick to try to allay any concern, with the Ittihadeya issuing a statement arguing that the ruling consolidates, rather than undermines, the monastery’s protected status. This was followed by a phone call between President Abdel Fattah El Sisi and Greek Prime Minister Kyriakos Mitsotakis that stressed “Egypt’s unwavering commitment to preserving the unique and sacred religious status of St. Catherine’s Monastery.” A Greek delegation is expected to arrive in Egypt next week to discuss the issue further.

Belarusian tractors made in Egypt. PLUS: Aswan High Dam upgrade, Giza Systems to open global delivery center

MANUFACTURING-

Egypt is in discussions with Belarus to launch a joint venture to locally assemble agricultural tractors, Industry Minister Kamel El Wazir said following talks with a Belarusian parliamentary delegation, according to a ministry statement. The proposed project would see Belarus’ state-owned agricultural machinery manufacturer MTZ partner with an unnamed Egyptian private-sector firm, with the state providing land and industrial licenses.

Also on the table: Officials from both sides are expected to meet this week to begin outlining plans for a grain logistics hub at an Egyptian port that would serve both local demand and export markets.

TECH-

Tech consultancy Giza Systems is gearing up to launch a global delivery center in Egypt today to serve its operations outside the country, CEO Ahmad El Harany told reporters at a press roundtable, attended by EnterpriseAM. The center will begin with several hundred employees and could scale up to the thousands within three years.

Giza Systems is also working with development agency GIZ on a training program to qualify 400 tech professionals in 2025, expanding to 1k annually in the coming years with a focus on AI and on-the-job experience.

The company plans to acquire companies with combined annual revenues of up to USD 200 mn over the next three years, El Harany said. The focus will be on fintech, sports management, and travel and healthcare tech. The goal is to build local capacity and transfer technical knowledge — not just to generate returns.

INFRASTRUCTURE-

The Aswan High Dam will undergo a EGP 2.5 bn upgrade to up its generation capacity, officials from the Electricity Ministry’s Hydro Plants Generation Company, according to Al Mal. Under the upgrade, the dam’s generation capacity is set to increase by 300 MW to 2.4 GW by 2028, the company said in a statement.

M&A activity surged in the region in 1Q 2025

MENA dealmaking surged in 1Q, with M&As jumping 66% y-o-y in value to USD 46 bn across 225 transactions (up 31% y-o-y) driven by “regulatory reforms, policy shift and a favorable macroeconomic outlook,” EY MENA Leader Brad Watson said in the firm’s latest M&A Insights report. The UAE dominated the region’s M&A league table as the top target country in 1Q with 63 transactions totaling USD 20.3 bn, followed by Kuwait (USD 2.3 bn).

Cross-border activity hit a five-year high in 1Q, driving the bulk of growth. M&As with companies based in different countries accounted for 81% of the region’s total transaction value and 52% of volume across 117 plays in the first three months of the year.

The value of domestic transactions hit USD 8.7 bn, up 5x y-o-y. Transactions in the technology sector accounted for 37% of total domestic M&As value, and 27% of their volume. G42’s USD 2.2 bn acquisition of a 40% stake in Khazna Data Centers was the region’s largest domestic M&A last quarter.

The quarter saw more M&A capital outflows than inflows. Outbound M&A activity hit USD 19.7 bn, representing 43% of total transaction value in the region. Saudi Arabia and the UAE alone made up 77% of outbound activity by volume and 94% by value. The UK was the region’s top target country by dealcount in 1Q, while Canada and Peru led in outbound value, thanks to Adnoc and OMV’s joint acquisition of Canada’s Nova Chemicals for USD 6.3 bn.

Inbound M&A value clocked in at USD 17.6 bn last quarter, representing a 7x y-o-y increase.The UAE captured the bulk of inbound funds into the region, accounting for 53% of all inbound transactions and nearly all of the total value (99%) fueled by the USD 60 bn merger of Adnoc and Austrian energy giant OMV’s polyolefin businesses. Austria topped the investor chart, making up 94% of the UAE’s total inbound value.

The MENA M&A pipeline looks strong for the rest of 2025, with more action expected in consumer, tech, and energy. And with AI set to shake up how value is created, it’s expected that more investment will flow into the tech space, said Anil Menon, EY’s head of M&A and Equity Capital Markets.

EGX30	32,697	+0.6% (YTD: +9.9%)
USD (CBE)	Buy 49.68	Sell 49.81
USD (CIB)	Buy 49.70	Sell 49.80
Interest rates (CBE)	24.00% deposit	25.00% lending
Tadawul	10,990	-0.6% (YTD: -8.7%)
ADX	9685	-0.6% (YTD: +2.8%)
DFM	5481	-0.2% (YTD: +6.2%)
S&P 500	5912	-0.01% (YTD: +0.5%)
FTSE 100	8772	+0.6% (YTD: +7.3%)
Euro Stoxx 50	5367	-0.1% (YTD: +9.6%)
Brent crude	USD 62.78	-0.9%
Natural gas (Nymex)	USD 3.45	-2.1%
Gold	USD 3315.40	-0.9%
BTC	USD 104,677.30	+0.1% (YTD: +12.0%)
S&P Egypt Sovereign Bond Index	875.67	+1.0% (YTD: +12.6%)
S&P MENA Bond & Sukuk	143.56	+0.1% (YTD: +2.6%)
VIX (Volatility Index)	18.57	-3.2% (YTD: +7.0%)

THE CLOSING BELL-

The EGX30 rose 0.6% at Thursday’s close on turnover of EGP 5.2 bn (9.8% above the 90-day average). International investors were the sole net buyers. The index is up 9.9% YTD.

In the green: Palm Hills Development (+4.6%), Beltone Holding (+3.7%), and Eastern Company (+2.7%).

In the red: Telecom Egypt (-2.3%), Emaar Misr (-2.3%), and Edita (-1.8%).

CORPORATE ACTIONS-

EGX-listed Egyptian Modern Education Systems appointed Osoul Arabia for Investment as an independent financial advisor for its potential acquisition of a 90% stake in Al Arafa for Investment and Consultancies, replacing Elite Financial Consulting due to the latter’s delay in preparing the fair value study and determining the swap ratio for both companies, according to a disclosure (pdf).

Trilateral Libya talks revived in Cairo

Egypt, Tunisia, and Algeria urged all Libyan factions to immediately halt violence and exercise maximum restraint to prevent further deterioration of the security situation, during a trilateral foreign ministers meeting in Cairo yesterday amid rising tensions in the Libyan capital Tripoli, according to a statement from the Foreign Ministry.

The ministers pushed for a simultaneous parliamentary and presidential vote and emphasized the importance of establishing consensus in the country as the basis for moving forward. The meeting also stressed the need to protect Libya’s resources and unify state institutions under a political roadmap backed by the UN and neighboring countries.

All three countries reaffirmed their rejection of foreign interference in Libya, warning it could prolong the crisis and destabilize the wider region. They called for renewed support for the 5+5 Joint Military Commission to uphold the ceasefire, ensure a timely withdrawal of foreign forces and mercenaries, and reunify military and security institutions.

The ministers agreed to maintain coordination with the UN and hold regular meetings under the trilateral mechanism to exchange views on Libya’s future. The next ministerial gatherings are scheduled to take place in Algeria and Tunisia before the end of the year.

CALENDAR

JUNE

1-2 June (Sunday-Monday): Cruise Egypt Forum, Hilton Cairo Heliopolis Hotel.

2-4 June (Monday-Wednesday): Manufacturing and packaging forum ProPak MENA and Fi Africa 2025, Egypt International Exhibition Centre.

3 June (Tuesday): S&P Global to release PMI data for May recording non-oil private sector activity

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

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

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

Realme to open smartphone factory

IFC President Makhtar Diop to visit Egypt

JULY

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

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

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

Etihad Airways to launch twice-weekly flights to Alamein

AUGUST

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

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

SEPTEMBER

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

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

OCTOBER

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

NOVEMBER

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

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

DECEMBER

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

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

EVENTS WITH NO SET DATE

Mid-2025: EGX launches sustainability index.

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

2Q 2025: Safaga Terminal 2 to start operations

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

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

1H 2025: The Egyptian-US Investment Forum.

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

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

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

2025: The InterAcademy Partnership assembly

2025: Nile Basin States Summit, Cairo, Egypt

2025: Release of the government’s Startup Charter document

2026

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

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

2027

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

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

EVENTS WITH NO SET DATE

2027: Egypt to host EBRD’s annual meetings for 2027.

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

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

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