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Regulation
Regulation
Eissa outlines privatization roadmap, rates investment climate 4/10
Deputy Prime Minister Hussein Eissa highlighted the critical need for confidence and competition to fix…
How a neighborhood association mapped its way to an F&B license ban
The decree banning new cafe licenses in Zamalek, Maadi, Heliopolis, and Garden City landed as…
What the private sector needs to know about our new competition law
“The economic constitution” aims to foster a competitive and dynamic market and improve the investment…
Cabinet keeps Sunday WFH for another month to curb energy costs
Good morning, friends, and happy Thursday. Our big story today covers how the government is…
Legislation
Hassan Allam wins contract for Mopco’s Damietta complex overhaul
Plus: Algeria’s Condor to invest USD 25 mn in Sixth of October AC plant
Egypt’s PM signals he’s going to hold the line on economic reforms despite fallout from the war in the Gulf
Good morning, wonderful people. We’re doing a lot of “reading of coffee grounds” this morning…
World Bank ranks Egypt most improved in women’s legal rights
The new labor law was the main driver behind the improvement
Egypt is one step closer to a property tax overhaul
The amendments push the annual rental value exemption threshold to EGP 100k
Taxation
TMG secures land for USD 10 bn Iraqi project
Good morning, friends. We lead this morning with a deep dive into venture capital firm…
KPMG is weighing the end of its 41-year partnership with Egyptian affiliate Hazem Hassan as part of a global restructuring
The move is reportedly due to a delay in the adoption of the OECD’s Pillar…
Fawry awaits approval on inbound cross-border remittances license
Good morning, friends. After a pretty slow start to the week we have a busy…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls VAT for key industries, and…
Customs
How the ECA’s new clearance system will decongest ports and slash fees
A new risk-based clearance system is rolling out classifying all incoming cargo into four distinct…
Gulf transshipments get ACI waiver to help bypass Hormuz Strait closure squeeze
Good morning, friends. Whether in the international business press or in the pages of EnterpriseAM,…
Egypt eyes expanding QIZ membership as talks open to reduce Israeli content requirement
Exporters say a cut to the Israeli component threshold — alongside expanding QIZ coverage beyond…
Egypt targets 16% tax-to-GDP ratio with sweeping new reform package
The government is looking to boost tax revenues by 1-2% of GDP
CBE keeps easing cycle on ice as regional conflict clouds inflation path
The central bank expects economy to return to “full capacity” by 1H 2027
Monetary Policy Committee leaves interest rates unchanged
Good morning, friends, and congratulations on making it to the weekend. With the Eid vacation…
CBE expected to hold interest rates today for second consecutive meeting
Good morning, friends. It’s interest rate day, and the consensus we polled is a hold…
CBE tightens oversight on NBFIs banking amid debate
The move comes amid a growing debate over the rapid expansion of NBFIs and consumer…
Egyptian Exchange
What the markets are doing on 2 June 2026
The EGX30 rose 0.1% at today’s close on turnover of EGP 10.4 bn (28.5% above…
Korra Energi retail tranche closes 31.35x oversubscribed
Good morning, wonderful people, and welcome back. We hope you all had a restful, well-deserved…
What the markets are doing on 1 June 2026
The EGX30 rose 0.4% at today’s close on turnover of EGP 9.8 bn (21.7% above…
Korra Energi private placement 5.7x covered on EGX
Institutional investors placed orders for 845 mn shares against the offered 148.5 mn
Sovereign Fund of Egypt
Sovereign Fund taps EFG Hermes for the 20% Misr Life float
Good morning, friends. Topping our coverage this morning: Investors in our friends at GlobalCorp, the…
Egypt eyes USD 3-4 bn by year end in renewed post-Eid privatization push
The government eyes USD 3-4 bn in inflows this year
Government looks to transfer EgyptAlum, Heliopolis Housing, Abu Qir, Mopco, and others to the Sovereign Fund of Egypt
By consolidating companies under the fund, the government expects to secure higher-value partnerships than it…
State mulls transfer of major companies to Sovereign Fund of Egypt
Good afternoon, ladies and gentlemen, and congratulations on making it to the weekend. It’s been…
Financial Regulatory Authority
FRA names and shames NBFI violators
The authority has rolled out a three-tiered public blacklist framework to isolate rogue NBFI operators,…
FRA chief Islam Azzam joins GAFI board as gov’t streamlines investment oversight
Azzam is already central to the state’s economic reform agenda, holding seats on both the…
Andalusia Health gets a booster shot from Banque Misr
Plus: PickAlbatros revealed as buyer of EGP 3.8 bn Sahl Hasheesh asset
Valu gets FRA nod to enter SME lending
Plus: FRA greenlights three non-banking financial activity licenses, including the country’s first third-party healthcare administrator
Courts
AD Ports to receive two Ain Sokhna marine terminals by 1Q 2025. PLUS: Mobica, MID Takseet + Basata, State Lawsuits Authority, Talaat Moustafa Group, Greentech
A high-level committee is reportedly close to finalizing the final terms of the contract
Egypt court rules in favor of Centamin, ending 12-year legal dispute
The claimant has no right to appeal the court’s decision
Mohamed Shawky Ayad sworn in as Egypt’s new public prosecutor
The former Alexandria court of appeal head will succeed Hamada El-Sawi
New leadership for three key judicial institutions
The Court of Cassation, Administrative Prosecution Authority and State Lawsuits Authority have new heads
Ittihadiya
Egypt’s El Sisi calls on Trump to end the war
Good morning, all. It’s another morning with the regional war and its impact on us…
El Sisi, Trump meet up on the sidelines of Davos
Egypt accepted an invitation from the US to join the Board of Peace for Gaza
El Sisi calls for review of recent parliamentary elections
The move could potentially see the NEA fully or partially annul the first phase of…
Kyrgyz president embarks on first ever visit by Kyrgyz leader to Egypt
El Sisi welcomed Kyrgyzstan’s decision to open an embassy in Cairo
Cabinet watch
Why our gas sector is leaning heavily on LNG imports
Natural gas imports jumped 36% y-o-y in 1Q 2026 as the country pivots to LNG…
TMG and PIF-owned Sela form an entertainment joint venture in Egypt
Plus: Egypt and Eritrea signed a maritime transport cooperation agreement
Gov’t hikes international bond program to USD 40 bn
FinMin plans to issue annual external debt roughly equivalent to maturing obligations minus USD 1-2…
Korra Energi’s institutional IPO tranche 2.7x covered on day one
Good morning, friends. Today’s issue is packed with energy news — showing that we are…
Public policy
Between shifting security realities in Egypt and Washington’s expectations
Egypt is navigating a moment of simultaneous regional security realignment and shifting influence in Washington,…
Gov’t targets fiscal balance in EGP 5.1 tn FY 2026/27 budget
ALSO: The broader FY 2026/27 economic plan expects a 5.2% growth
Egypt drafts EGP 9.7 tn general government budget for FY 2026-27
☀️ Good morning, ladies and gents, and congrats on making it to the weekend. It’s…
FinMin drafts EGP 9.7 tn consolidated budget for FY 2026-27
Good morning, wonderful people. We’re heading to the weekend with both a busy issue and…
Diplomacy
Egypt inks strategic partnership with Cyprus amid energy cooperation push
El Sisi argued at the EU summit that the “crises witnessed by our region do…
US-Iran negotiations on the horizon + Morgan Stanley exceeds 1Q expectations
Good afternoon, folks, and happy almost weekend — we hope you find yourselves not too…
Iranian navy commander reportedly killed in Israeli strike as G7 warns of global economic catastrophe
Good afternoon, friends, and congratulations on making it to the weekend. It’s a quiet afternoon…
Egypt looks to clear USD 1.3 bn in outstanding arrears to global energy companies by June
The accelerated timeline surpasses previous plans to shrink the country’s outstanding dues to USD 1.2…