{"id":657562,"date":"2024-12-23T00:00:00","date_gmt":"2024-12-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=657562"},"modified":"2025-12-18T02:16:02","modified_gmt":"2025-12-18T02:16:02","slug":"cbe-to-leave-rates-unchanged-on-thursday-poll-2","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/cbe-to-leave-rates-unchanged-on-thursday-poll-2\/","title":{"rendered":"CBE to leave rates unchanged on Thursday -Poll"},"content":{"rendered":"<section id=\"657564\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"657564\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">What We're Tracking Today<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/23\/investors-are-looking-at-egypts-long-term-debt-amid-expectations-of-rate-cuts\/\">\r\n                            Investors are looking at Egypt\u2019s long-term debt amid expectations of rate cuts                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/23\/investors-are-looking-at-egypts-long-term-debt-amid-expectations-of-rate-cuts\/\" 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class=\"content-area-description single-story post-657564 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-debt tag-enterpriseam tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.a0c8e8eb-1c53-45fa-b6a7-775f26d1b0d2.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning,<\/strong><strong> ladie<\/strong><strong>s and gentlemen. <\/strong>With only eight days left until we welcome the new year, it looks like we have hit the end-of-year news slowdown in local business news. <\/p><p class=\"tag-border-left\">PSA- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- It\u2019s another cold day in Cairo<\/strong>, with a high of 20\u00b0C and a low of 12\u00b0C, according to our favorite weather app.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s just as cold in Alexandria<\/strong>, with a high of 21\u00b0C and a low of 12\u00b0C. The <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/ema.gov.eg\/posts\/pfbid02s87CoJio8f8nj58HKfv6aNUYnxkntXtWQVxNpmForGdpCE1SX1UVhy6RNbjKiPW6l\" style=\"\" rel=\"noopener\">Egyptian<\/a><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/ema.gov.eg\/posts\/pfbid02s87CoJio8f8nj58HKfv6aNUYnxkntXtWQVxNpmForGdpCE1SX1UVhy6RNbjKiPW6l\" style=\"\" rel=\"noopener\">Meteorological Authority is warning<\/a> of disturbances to maritime navigation in Alexandria, Matrouh, and Beheira with high winds and waves expected through Wednesday. <\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egyptians living abroad can now purchase up to two premium housing units <\/strong><strong>using FX through a <\/strong><strong>new government initiative<\/strong>, according to a Foreign Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/15m5pFEfDF\/\" style=\"\" rel=\"noopener\">statement<\/a>. The government is currently preparing the launch of an online platform to book units, with allocation on a first-come, first-served basis. Applicants must have a foreign bank account that has been active for at least six months.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>A smarter way to file complaints:<\/strong> The Consumer Protection Agency has launched a mobile app that allows users to submit complaints, track reports, and access a host of digital services, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/videos\/1631542831047812\/\" style=\"\" rel=\"noopener\">statement<\/a>. The app is part of a border push to digitize services and enhance consumer rights. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You can download the app from <\/strong><strong><a target=\"_blank\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=cpa.idsc.gov.eg&amp;hl=ar\" style=\"\" rel=\"noopener\">Google Play<\/a><\/strong> <strong> or the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/apps.apple.com\/eg\/app\/cpa-%D8%AC%D9%87%D8%A7%D8%B2-%D8%AD%D9%85%D8%A7%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D9%87%D9%84%D9%83\/id6670240754\" style=\"\" rel=\"noopener\">Apple Store<\/a><\/strong><strong>.<\/strong> If you can\u2019t be bothered to download the app, you can submit complaints through the <a target=\"_blank\" href=\"http:\/\/shakwa.cpa-mobile.com\/?fbclid=IwY2xjawHVdwhleHRuA2FlbQIxMAABHTNGvTN7LEPN84ixNusfK7lvuIBLuhCAUziXQqBEALWV6eu8NA7Qom9uGA_aem_ZOmbwUMm4YoEtSNNTLzLCA\" style=\"\" rel=\"noopener\">link<\/a> on the CPA\u2019s website. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we now cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Missed this week\u2019s Inside Industry? <\/strong>In our weekly vertical exploring all things industry and manufacturing, we looked at how Egypt\u2019s industrial sector fared in 2024. Check out the full story <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/43a3c9a1-f3e4-4fde-8198-1e9611714a51\" style=\"\" rel=\"noopener\">here<\/a>. <\/p><p class=\"tag-border-left\">WATCH THIS SPACE- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a> <strong>#1- International investors are going all-in on Egypt\u2019s bonds: <\/strong>Foreign and Arab investors are looking to shift EGP bns from short-term t-bills into Egypt\u2019s three-year t-bonds, capitalizing on a sharp rise in yields, five unnamed bankers told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financing-and-investment\/64714\/%D8%A7%D9%84%D8%A3%D8%AC%D8%A7%D9%86%D8%A8-%D9%8A%D8%AA%D8%AD%D9%88%D9%84%D9%88%D9%86-%D8%A5%D9%84%D9%89-%D8%A7%D9%84%D8%B3%D9%86%D8%AF%D8%A7%D8%AA-%D9%85%D8%B9-%D8%AA%D8%B1%D9%82%D8%A8-%D8%AE%D9%81%D8%B6-%D8%A7%D9%84%D9%81%D8%A7%D8%A6%D8%AF%D8%A9-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The average yield on three-year t-bonds has risen to 26.24% in the secondary market \u2014 up from 24.21% in the last official auction \u2014 amid expectations of an interest rate cut during the first half of 2025. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Analysts expect the Central Bank of Egypt to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/95328f3c-0e70-43ad-ac33-e9adb99d57bd\/inflation-falls-to-its-lowest-level-in-nearly-two-years-in-november\" style=\"\" rel=\"noopener\">kick off<\/a> its rate-cutting cycle in the first quarter of 2025, with most expecting rates to stay unchanged when the Monetary Policy Committee meets on Thursday.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Egypt, Russia look to improve mechanisms for purchasing wheat in 2025: <\/strong>The Mostakbal Misr Agency for Sustainable Development \u2014 the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/54b82aff-4ed6-40eb-b966-7a2d03c64aa7\/military-firm-to-replace-gasc-as-nation%25e2%2580%2599s-sole-strategic-commodities-importer,-says-reuters\" style=\"\" rel=\"noopener\">new agency<\/a> in charge of importing commodities \u2014 will meet with representatives from the Russian Union of Grain Exporters at the beginning of next year to discuss future cooperation, union head Eduard Zernin told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/commerce\/64715\/%D9%85%D9%81%D8%A7%D9%88%D8%B6%D8%A7%D8%AA-%D8%B1%D9%88%D8%B3%D9%8A%D8%A9-%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D9%84%D8%AA%D8%AD%D8%B3%D9%8A%D9%86-%D8%A2%D9%84%D9%8A%D8%A9-%D8%B4%D8%B1%D8%A7%D8%A1-%D8%A7%D9%84%D9%82%D9%85%D8%AD-%D9%81%D9%8A-2025\/?utm_source=facebook&amp;utm_medium=social&amp;utm_campaign=%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D8%B4%D8%B1%D9%82---%D9%85%D8%B5%D8%B1\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The agency is currently holding talks with major Russian wheat exporters, who are in the process of preparing proposals to improve practices for completing tenders and submitting future bids \u2014 a move that could help reduce the transaction costs of paying for grains, according to Zernin.<\/p><p class=\"tag-border-left\">IN THE SENATE- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt4\"><\/a> <strong>The Senate gave preliminary approval for the draft Medical Liability and Patient <\/strong><strong>Protection bill<\/strong>, which aims to regulate medical liability and enhance patient protection and establish the Supreme Committee for Medical Liability and Patient Protection. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>If passed, the bill will introduce prison sentences and fines for health service providers who commit medical errors \u2014 prison sentences can go up to seven years, while the fines can go up to EGP 500k depending on the severity of the situation. The bill also seeks to safeguard medical service providers, introducing prison sentences of up to one year and fines of up to EGP 50k for individuals who insult, threaten or assault healthcare providers.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Doctors aren\u2019t on board: <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/100064405431196\/posts\/984526407037531\/?mibextid=wwXIfr&amp;rdid=aCwrPJnykNQ32rYg#\" style=\"\" rel=\"noopener\">Medical Syndicate is hosting<\/a> an urgent general assembly on 3 January to express its complete rejection of the draft bill in its current form, which it says \u201cthreatens the entire healthcare system.\u201d The penalties that would be imposed on doctors if the bill were to pass would push doctors to practice defensive medicine and avoid high-risk procedures that are often necessary, <a target=\"_blank\" href=\"https:\/\/www.masrawy.com\/news\/news_egypt\/details\/2024\/12\/22\/2695696\/-%D8%A3%D8%B2%D9%85%D8%A9-%D8%A7%D9%84%D9%85%D8%B3%D8%A4%D9%88%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D8%B7%D8%A8%D9%8A%D8%A9-%D9%84%D9%85%D8%A7%D8%B0%D8%A7-%D9%8A%D8%B9%D8%AA%D8%B1%D8%B6-%D8%A7%D9%84%D8%A3%D8%B7%D8%A8%D8%A7%D8%A1-%D8%B9%D9%84%D9%89-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D9%85%D8%B4%D8%B1%D8%B7-%D8%A7%D9%84%D8%AC%D8%B1%D8%A7%D8%AD-\" style=\"\" rel=\"noopener\">Masrawy<\/a> reports. <\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/p><\/div>\n<\/div>\n<\/div><p class=\"tag-border-left\">DATA POINT- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9380fefc-3aff-4923-bdb8-7489a58118af\/telecom-operators-hike%253cmark%253e-mobile%253c%2Fmark%253e-and-internet-prices\" style=\"\" rel=\"noopener\"><\/a> <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9380fefc-3aff-4923-bdb8-7489a58118af\/telecom-operators-hike%253cmark%253e-mobile%253c%2Fmark%253e-and-internet-prices\" style=\"\" rel=\"noopener\">Increases in your mobile bills<\/a><\/strong><strong>could boost tax revenue to the tune of EGP 6 bn<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/12\/21\/1855237\" style=\"\" rel=\"noopener\">Al<\/a><a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/12\/21\/1855237\" style=\"\" rel=\"noopener\">Borsa<\/a> reports, citing unnamed government sources. <\/p><p class=\"tag-border-left\">CIRCLE YOUR CALENDAR- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>Gov\u2019t is kicking off an initiative to shift vehicles to run on natural gas with the new year<\/strong>, according to a cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0koAQ3ZiDEyHDkoWeMRscrj9ErMtD9ehUFb8zcqHizVJncfyvaBtkkXuCFu8LRpGNl\" style=\"\" rel=\"noopener\">statement<\/a>. The initiative, launched by the finance and oil ministries, aims to convert some 1.5 mn vehicles to run on natural gas as part of government\u2019s efforts to reduce emissions \u2014 the move will reduce diesel consumption by 50% and CO2 emissions by 1.5 mn tons annually. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How it will work<\/strong>: Users wanting to take part in the initiative will be able to register through the unified online platform that will go live in January. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/\" style=\"\" rel=\"noopener\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It appears that the Christmas news slowdown has come early this year<\/strong>, with things pretty quiet in the western press this morning.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>President-elect Donald Trump is once again making headlines <\/strong>this time for threatening to reassert US control over the Panama Canal, demanding Panama reduce the canal fees. During a speech late last night, Trump vowed he \u201cwould not let the canal fall in the wrong hands.\u201d <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Panamanian President Jose Raul Mulino rejected the comments<\/strong>, defending Panama\u2019s sovereignty and the fairness of the rates. The canal has been under Panamanian control since 1999 after the US gave up control, with international law providing no basis for the US to reclaim its control over the canal. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/americas\/trump-says-he-might-demand-panama-hand-over-canal-2024-12-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/americas\/trump-threatens-to-take-control-of-panama-canal-staple-of-global-economy-fdb3ef37\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-panama-canal-turning-point-unity-97cba0d41f043dd9f156dc8355ee3f44\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c98l9wj67jgo\" style=\"\" rel=\"noopener\">BBC<\/a>) <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2495.jpg?ssl=1\"><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue:<\/strong> We look at the latest efforts from the government to boost private sector participation in the education sector. <\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"657566 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"657566\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/23\/657566\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657566\" class=\"content-area-description single-story post-657566 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/somabay.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1997.jpg?ssl=1\"><\/a><\/span><\/p>\n<div class=\"grouped-tags\">\n<p><span style=\"font-weight:700;\">Countdown to Christmas Magic at Somabay<\/span><\/p>\n<p><span style=\"font-weight:400;\">This holiday season, Somabay transforms into a wonderland of joy, entertainment, and unforgettable moments. The Playpark Christmas Carnival, running from 19 December to 7 January, offers Christmas carnival games, shopping, and a delightful food experience wrapped in a festive atmosphere. <\/span><\/p>\n<p><span style=\"font-weight:400;\">Wyte Soma Beach Club promises an outstanding beach experience daily from 9am til sunset blending delicious cuisine, serene beach settings, and an upbeat atmosphere. <\/span><\/p>\n<p><span style=\"font-weight:400;\">From 24 December to 7 January, Cairo Jazz Club takes over the Sobar rooftop delivering vibrant performances by talented artists, energetic DJs, and an exquisite menu against the stunning Red Sea backdrop. <\/span><\/p>\n<p><span style=\"\">For the little ones, the Soma Junior Winter Camp with WG Camps from 29 December to 2 January provides a five-day adventure filled with fun, creativity, and team-building activities in a breathtaking setting. Plan your holiday getaway now and join the celebrations at Somabay this festive season!<\/span><\/p>\n<\/div>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"657567\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"657567\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">POLL<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/23\/cbe-to-keep-rates-unchanged-on-thursday-analysts-say\/\">\r\n                            Analysts see the Central Bank of Egypt keeping interest rates unchanged when it meets on Thursday                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/23\/cbe-to-keep-rates-unchanged-on-thursday-analysts-say\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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All ten of the analysts and economists we surveyed see the Monetary Policy Committee (MPC) holding rates steady.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where rates currently stand:<\/strong> The overnight deposit rate stands at 27.25%, the overnight lending rate at 28.25%, and the main operation and disc. rates at 27.75%. Rates have remained unchanged since the committee delivered a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3135c499-31a4-4ef0-b26f-5009f0430da5\/this-evening:-cbe-floats-the-egp,-goes-for-600-bps-rate-hike\" style=\"\" rel=\"noopener\">600 bps rate hike<\/a> following a surprise monetary policy meeting in March, which was soon followed by the float of the EGP and the approval of a larger loan package from the IMF.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The central bank hasn\u2019t made any changes to interest rates since its March rate hike<\/strong> \u2014 leaving them untouched when it met in May, July, September, October, and most recently in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5fa5091d-1a11-476a-bb06-468fe450d909\/central-bank-of-egypt-keeps-rates-stable-for-fifth-time-in-a-row\" style=\"\" rel=\"noopener\">November<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The MPC will have to take into account November\u2019s surprising slowdown in inflation: <\/strong>Annual headline urban inflation <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/95328f3c-0e70-43ad-ac33-e9adb99d57bd\/%253cmark%253einflation%253c%2Fmark%253e-falls-to-its-lowest-level-in-nearly-two-years-in-november\" style=\"\" rel=\"noopener\">dropped a full percentage point<\/a> to 25.5% in November, marking the first fall in inflation in three months and Egypt\u2019s lowest inflation reading since December 2022. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Analysts see this slowdown in inflation carrying over to next month: <\/strong>\u201cInflation is on a gradual downward trajectory, with more pronounced declines expected by February 2025,\u201d economist Mona Bedair told us. Meanwhile, HC Securities\u2019 Heba Mounir said that her firm expects December\u2019s inflation reading to \u201cdecelerate to 24.1% y-o-y and 0.2% m-o-m, on the back of relatively lower to stable vegetable and fruit prices.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But other pressures may prompt the CBE to hold off on rate cuts just a bit longer: <\/strong>Multiple analysts noted that inflationary pressures remain on the horizon \u2014 November\u2019s unexpected drop in inflation notwithstanding. \u201c[November\u2019s] decline was mainly driven by vegetable items \u2014 namely tomatoes \u2014 which are not core inflation items. Also, some price hikes such as the recent <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9380fefc-3aff-4923-bdb8-7489a58118af\/%253cmark%253etelecom%253c%2Fmark%253e-operators-hike-mobile-and-internet-prices\" style=\"\" rel=\"noopener\">telecom hikes<\/a> are still passing through inflation readings, which might hinder a considerable decline in the annual inflation reading in December,\u201d Al Ahly Pharos senior analyst Esraa Ahmed told EnterpriseAM. In addition, anticipated increases in fuel and electricity prices could spur further inflation, with rate cuts poised to \u201cincrease inflationary pressures and hinder the central bank's plan to reduce the inflation rate to its target levels,\u201d economist Hany Abou El Fotouh told us. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The depreciation of the EGP against the USD will also create some inflationary <\/strong><strong>pressures<\/strong>, EGBank board member Mohamed Abdelaal told us. This, alongside an unfavorable geopolitical environment, provides another reason for the CBE to hold off a bit before hitting the easing button, Ahmed said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our continued reliance on hot money may also throw a wrench into the MPC\u2019s decision: <\/strong>\u201cHigh interest rates contribute to attracting foreign capital to government debt instruments such as treasury bills, supporting FX reserves,\u201d Abou El Fotouh noted, adding that lower interest rates could lead to foreign capital outflows, putting pressure on the exchange rate. Indeed, outflows are already contributing to a more complicated FX outlook, Bedair said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Most analysts still see the bank cutting rates in the first quarter of next year: <\/strong>Analysts were mostly in agreement that the CBE would begin cutting rates in 1Q 2025, with some adding the caveat that inflation rates must continue to decline sustainably while the EGP exchange rate stabilizes. However, \u201cthe cumulative impact of monetary tightening decisions and the positive base effect\u201d are collectively expected to prompt the bank to begin loosening rates by the first quarter of next year, Abou El Fotouh said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not everyone\u2019s so sure, however:<\/strong> Ostoul Securities Brokerage\u2019s research head Mohamed Abdel Hakim provided a dissenting view, telling us he believes the CBE \u201cwill start cutting interest rates during the second quarter of 2025,\u201d citing \u201cthe base effect and inflationary pressures resulting from fiscal tightening measures\u201d as among the reasons for the delay.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/poll\/\">POLL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"657569\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"657569\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">A MESSAGE FROM HSBC<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/23\/657569\/\">\r\n                                                    <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/23\/657569\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Our international network connects you to what\u2019s next. <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.hsbc.com.eg\/\" style=\"\">Search HSBC Egypt<\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"657570\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"657570\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/23\/unionaire-group-plans-usd-500-mn-in-investments-in-2025\/\">\r\n                            Unionaire Group plans USD 500 mn in investments in 2025                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/23\/unionaire-group-plans-usd-500-mn-in-investments-in-2025\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            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2025&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/23\/unionaire-group-plans-usd-500-mn-in-investments-in-2025\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/23\/unionaire-group-plans-usd-500-mn-in-investments-in-2025\/&title=Unionaire Group plans USD 500 mn in investments in 2025\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Unionaire+Group+plans+USD+500+mn+in+investments+in+2025+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F12%2F23%2Funionaire-group-plans-usd-500-mn-in-investments-in-2025%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/23\/unionaire-group-plans-usd-500-mn-in-investments-in-2025\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2025.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"657571\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/23\/unionaire-group-plans-usd-500-mn-in-investments-in-2025\/2025-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2025.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2025.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2025.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2025.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657570\" class=\"content-area-description single-story post-657570 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseam tag-investment-watch tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.ad39a1bb-cbd9-462c-a152-5f22d626e6c8.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Unionaire to up investments 67% y-o-y in 2025: <\/strong>Unionaire Group Technology is planning to invest USD 500 mn in the local market next year, up from USD 300 mn this year, company chairman Mohamed Fathy told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/companies\/64712\/%D9%8A%D9%88%D9%86%D9%8A%D9%88%D9%86-%D8%A5%D9%8A%D8%B1-%D8%AA%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-500-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D8%AE%D9%84%D8%A7%D9%84-2025\/?utm_source=facebook&utm_medium=social&utm_campaign=%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D8%B4%D8%B1%D9%82---%D9%85%D8%B5%D8%B1\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where\u2019s the money headed?<\/strong> The company has plans to produce 1.2 mn stoves and 1 mn refrigerators annually over the next three years. The company is also focused on expanding its production of AI-powered appliances and making all of its locally produced products digital and energy efficient. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A higher local component ratio is part of the plan, too: <\/strong>Unionaire has ambitious plans to up its local component ratio to 90% within three years, up from 75% currently.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The jump in investments comes as the company pivots toward production for export:<\/strong> Unionaire, which operates 16 factories in Egypt, is currently developing an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/973f86a0-3849-44ca-81c7-6580a4ebdd1c\/cheiron-is-looking-into-expanding-egypt-operations\" style=\"\" rel=\"noopener\">industrial complex<\/a> dedicated to manufacturing home appliances exclusively for export, the company announced last week. The facility will bolster the group\u2019s efforts to expand its presence in Europe, starting with the UK, where it plans to establish a dedicated marketing and export subsidiary.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All part of the plan to become a household appliance manufacturing hub: <\/strong>Home appliance manufacturing has been <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d8f8971-8cc1-4e9f-8886-f1235abe827f\/china%25e2%2580%2599s-haier-lays-foundation-stone-for-second-phase-of-industrial-complex\" style=\"\" rel=\"noopener\">a focus of investor interest<\/a> for a while now, with appliance giants like Haier, Beko, and BSH Home Appliances all increasing their presence in the local market. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n 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\r\n            class=\"\r\n                story-section            \"\r\n            id=\"657573\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/23\/egypt-to-ink-agreements-with-bahrain-uae-to-cut-customs-clearance-time\/\">\r\n                            Egypt to ink agreements with Bahrain, UAE to cut customs clearance time                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n    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data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2162.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2162.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657573\" class=\"content-area-description single-story post-657573 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-bahrain tag-customs tag-enterpriseam tag-healthcare tag-manufacturing tag-trade tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408146\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408144.svg\" alt=\"\" class=\"wp-image-408144\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.ea8cd1de-918d-4a20-9f31-f96ac113a307.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">CUSTOMS-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egypt to sign trade agreements with Bahrain and UAE to cut customs clearance <\/strong><strong>times:<\/strong> Egypt plans to sign separate agreements with Bahrain and the UAE in 1Q 2025 to reduce customs clearance times to a few hours, Deputy Finance Minister for Taxes Sherif Al Kilani told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/12\/22\/%D9%85%D8%B3%D8%A4%D9%88%D9%84-%D9%85%D8%B5%D8%B1-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%AA%D9%88%D9%82%D8%B9-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%AA%D9%8A%D9%86-%D9%85%D8%B9-%D8%A7%D9%84%D8%A8%D8%AD%D8%B1%D9%8A%D9%86-%D9%88%D8%A7%D9%84%D8%A7%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%84%D8%AA%D9%82%D9%84%D9%8A%D8%B5-%D8%B2%D9%85%D9%86-%D8%A7%D9%84%D8%A7%D9%81%D8%B1%D8%A7%D8%AC-%D8%A7%D9%84%D8%AC%D9%85%D8%B1%D9%83%D9%8A\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. Egypt plans to ink similar agreements with a number of other nations over the coming few months. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> Egypt and Saudi Arabia signed an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0766fc50-0323-4021-8d2c-a26a4360265f\/hassan-allam-utilities-to-invest-in-and-develop-king-abdullah-economic-city-off-port-terminal.-plus:-madinet-masr,-efg-hermes,-majid-al-futtaim-+-empower,-abb-group\" style=\"\" rel=\"noopener\">agreement<\/a> earlier this month to slash customs clearance time from three days to 3-4 hours. The two sides plan to introduce custom facilities for trade between them.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p><p class=\"tag-border-left\">IPO-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>T<\/strong><strong>he National Printing Company (NAPR) will make its EGX debut in 2H 2025<\/strong>, unnamed sources told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/12\/22\/1855521\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. The company had initially planned to go public in the fourth quarter of this year but decided to delay the offering to await clearer market conditions. The EGX approved the temporary listing of the company in February. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong>We first heard of the National Printing Company\u2019s plans for a stock market debut back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d155ddaf-923b-4191-b569-17da587aa92a\/qalaa-wants-to-take-the%253cmark%253e-national-printing-%253c%2Fmark%253ecompany-public-on-the-egx\" style=\"\" rel=\"noopener\">July 2023<\/a>. The company has tapped EFG Hermes and CI Capital to manage the IPO.<\/p><p class=\"tag-border-left\">MANUFACTURING-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong> <strong>The<\/strong> <strong>Industry Ministry is currently studying plans to establish a ready-built industrial<\/strong><strong> complex of 450 factories<\/strong> in South Port Said Industrial Zone\u2019s extension, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/18hA88YVUD\/\" style=\"\" rel=\"noopener\">statement<\/a>. The project is aimed at supporting small-scale industries, including textiles, ready-made garments, engineering, food, and chemical industries, and will offer units with areas ranging from 250-500 square meters.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- A new EUR 15 mn textiles factory: <\/strong>Local textile manufacturer <a target=\"_blank\" href=\"https:\/\/www.wagdymoamen.com\/\" style=\"\" rel=\"noopener\">Wagdy Moamen Group<\/a> plans to invest EUR 15 mn in a fabric dyeing facility spanning 30k sqm in Tenth of Ramadan City, company chairman Sherif Wagdy Moamen told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/12\/21\/1855168\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. The group also aims to boost its fabric exports by 25% in the coming year, with plans to exceed 7 mn sqm. <\/p><p class=\"tag-border-left\">HEALTHCARE-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The Health Ministry launched the National One Health Plan (2024-27) and a <\/strong><strong>health climate adaptation framework (2024-30)<\/strong>, targeting shared health risks from zoonotic diseases, food and water safety, and climate-related challenges, according to a ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0zq74ep7QYGwViiMWok5MNBs9T2bWtQqcDf4j8GMhKXbkR9rCpFA3CwZqxxkKiNZRl\" style=\"\" rel=\"noopener\">statement<\/a>. The plans aim to integrate health systems, boost disease surveillance, enhance emergency response, and tackle pollution while preserving resources to counter climate impacts.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Siemens Healthineers<\/strong><strong> expands its capabilities with oncology acquisition: <\/strong>Medical technology company <a target=\"_blank\" href=\"https:\/\/www.siemens-healthineers.com\/\" style=\"\" rel=\"noopener\">Siemens Healthineers Egypt<\/a> has taken over <a target=\"_blank\" href=\"https:\/\/www.varian.com\/\" style=\"\" rel=\"noopener\">Varian<\/a> \u2019s equipment sales and services in Egypt from IEC Medical Systems, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/2015.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The acquisition will enhance the company\u2019s offerings in advanced diagnostic imaging, laboratory diagnostics, and oncology treatments.<\/p><p class=\"tag-border-left\">M&amp;A-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mallawany offloads stake in ICMI: <\/strong>EFG Holding\u2019s non-executive vice chairman Yasser Mallawany divested his entire 9.97% stake \u2014 the equivalent of 5.8 mn shares \u2014 in Nilex-listed medical supplier ICMI in a EGP 10.7 mn transaction, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/1992.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>. The shares were sold at an average price of EGP 1.85 per share, with EFG Hermes executing the sale.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi investors were among those snapping up ICMI\u2019s shares: <\/strong>Saudi businessman Saeed Al Asiri increased his stake in ICMI to 12.14% from 5.2% in an EGP 7.4 mn transaction, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/2005.pdf\" style=\"\" rel=\"noopener\">EGX statement (pdf)<\/a>. Al Asiri purchased 4 mn shares at an average price of EGP 1.85 per share. Saudi investor Saleh Al Sagri also boosted his stake in the company with the purchase of 645.7k shares, bringing his holdings from 4.9% to 6%, according to a separate <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/1996.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. The transaction was valued at EGP 1.2 mn at the same per-share price of EGP 1.85.<\/p><p class=\"tag-border-left\">EXPANSION-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Luxury men\u2019s undergarment brand KHAM opens in London: <\/strong>Egyptian men\u2019s undergarment brand <a target=\"_blank\" href=\"https:\/\/shopkham.com\/password\" style=\"\" rel=\"noopener\">KHAM<\/a> debuted in South Kensington, London yesterday, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/1984.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. Using 100% organic Egyptian cotton, the brand offers a range of briefs, boxers, and tank tops, with future plans to introduce socks, joggers, and hoodies. <\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/customs\/\">customs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"657575\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div 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src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-hgdcfsp\" data-v=\"4\" data-block-id=\"hgdcfsp\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-hgdcfsp-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-hgdcfsp-inner-blocks\">\r\n            <div 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class=\"stk-block-content stk-inner-blocks stk-8k4nco1-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-3rlmiwq\" data-v=\"4\" data-block-id=\"3rlmiwq\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-3rlmiwq-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-3rlmiwq-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div 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FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/23\/chinese-sovereign-bond-yields-drop-to-their-lowest-since-2009-amid-demand-slowdown-and-as-property-market-crisis-enters-fifth-year\/\">\r\n                            Chinese sovereign bond yields drop to their lowest since 2009 amid demand slowdown and as property market crisis enters fifth year                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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id=\"post-657576\" class=\"content-area-description single-story post-657576 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-china tag-debt tag-enterpriseam tag-monetary-policy tag-planet-finance tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.590fc69c-b9ca-42cc-98eb-a8fe6594ac61.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>China\u2019s short-term bond yields \u2014 which move inversely to prices \u2014 have fallen to levels <\/strong><strong>not seen since the global financial crisis in 2009<\/strong> amid rising expectations of further rate cuts next year due to weak domestic demand, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/94c525b1-2486-47e9-a9f1-708cf1626061\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports. Ten-year bond yields also fell by 0.03 percentage points to 1.74. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Driving these shifts is a combination of heightened demand for bonds and sluggish consumer activity.<\/strong> Domestic consumption growth has been underwhelming, with retail sales falling short of expectations and imports declining more than predicted last month, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a1c39f1b-bf6c-4845-839c-81be269c4468\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports separately. The decline in yields also comes on the back of increased bond purchases from banks and ins. firms, one analyst told the FT. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The property crisis is also yet to let up: <\/strong>Developers in the country have defaulted on USD 130 bn bonds since the crisis began \u2014 including USD 15 bn in defaults this year alone, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-22\/china-property-flare-ups-resurface-as-crisis-enters-fifth-year?srnd=phx-markets\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. Just this month, the banking regulator has asked insurers to report their financial exposure to China Vanke Co. to assess how much support China\u2019s fourth-largest developer by sales needs to avoid default. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Chinese government is pushing back:<\/strong> The People\u2019s Bank of China last week gathered some banks that it says have engaged in \u201caggressive\u201d trading of sovereign bonds to caution them against illegal trading and advise them to be more \u201cprudent.\u201d The People\u2019s Bank of China <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0cea5d18-c422-4f90-9998-db8beb7acdd2\/central-banks-in-china,-uk,-and-japan-keep-rates-unchanged-amid-growing-signs-of-sticky-inflation\" style=\"\" rel=\"noopener\">also decided<\/a> to hold its benchmark lending rates steady this month in line with the US Federal Reserve, though it plans to make further <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9a2f75f1-3e76-4bac-ab57-de4bd0c5406c\/%253cmark%253echina%253c%2Fmark%253e-headed-for-further-stimulus-in-2025\" style=\"\" rel=\"noopener\">cuts next year<\/a> as part of a shift towards more aggressive support and stimulus in a bid to stimulate the economy, which includes propping up the property market. Authorities have also been slashing purchasing costs and easing restrictions on developers, while also providing state guarantees for bond sales by more stable developers. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It could take a year or two before we see results: <\/strong>While measures have slowed the decline, one analyst estimated that it could take another year or two before the real estate sector bottoms out, with more defaults expected next year. <\/p><p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are in the green<\/strong>, with Japan\u2019s Nikkei up 1%, South Korea\u2019s Kospi gaining 1.3%, and Hong Kong\u2019s Hang Seng rising 0.7%, boosted by news of a potential merger of Honda, Nissan and Mitsubishi. <strong>Meanwhile, Wall Street is heading for a positive open<\/strong> ahead of a holiday-shortened trading week. <\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">30,373<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: +22.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 50.86<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 50.99<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CIB)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 50.86<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 50.96<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">27.25% deposit<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">28.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,849<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: -0.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,351<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8% (YTD: -2.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,057<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +24.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,931<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1% (YTD: +24.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,085<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +4.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,862<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +7.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 72.94<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.75<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+4.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 2,645<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.4%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 94,419<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.7% (YTD: +124.6%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div><p class=\"tag-border-left\">THE CLOSING BELL-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 fell 0.5% at yesterday\u2019s close<\/strong> on turnover of EGP 2.4 bn (42.4% below the 90-day average). Regional investors were the sole net sellers. The index is up 22.0% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Ezz Steel (+2.9%), Cleopatra Hospitals (+1.4%), and Elsewedy Electric (+0.9%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>E-finance (-2.5%), GB Corp (-2.3%), and Emaar Misr (-2.3%).<\/p><p class=\"tag-border-left\">CORPORATE ACTIONS- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ERC<\/strong><strong> pays off more of its outstanding debt:<\/strong> Qalaa Holdings subsidiary Egyptian Refining Company (ERC) has paid USD 233.6 mn in principal repayment and interest and fees to senior lenders, Qalaa said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/2009.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>. The company\u2019s net senior debt now stands at USD 363 mn, down from an initial amount of USD 2.4 bn. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> ERC is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4230aad9-3678-48a8-8585-c65e8a819820\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\" style=\"\" rel=\"noopener\">planning to fully repay<\/a> its outstanding debt before the end of 2025. <\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/monetary-policy\/\">monetary policy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull vertical-section wide-section blackboard wp-block-group issue-section\" id=\"657578\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27466.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into education in Egypt, from K-12 to post-secondary.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27480.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Monday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/blackboard\/\">\r\n                            Read Blackboard                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">7<\/div>\r\n\r\n                        <p class=\"f-graphik\">BLACKBOARD<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/govt-is-looking-into-new-ways-to-increase-private-sector-involvement-in-education\/\">\r\n                            Gov\u2019t is looking into new ways to increase private sector involvement in education<\/a>\r\n                        <\/h3>\r\n                        \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/govt-is-looking-into-new-ways-to-increase-private-sector-involvement-in-education\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Despite the sector being particularly attractive to investors \u2014 thanks to Egypt\u2019s growing population and demographic makeup \u2014 industry players are asking for government support. <\/p>\n<p style=\"padding-top:-9pt;padding-left:0;padding-bottom:-9pt;line-height:1.15;margin-right:-6pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left;padding-right:0\"><strong>The demand is there:<\/strong> Prime Minister Moustafa Madbouly earlier this year <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/%D8%AA%D8%B9%D9%82%D9%8A%D8%A8%D8%A7%D9%8B-%D8%B9%D9%84%D9%89-%D8%A3%D8%B3%D8%A6%D9%84%D8%A9-%D8%B5%D8%AD%D9%81%D9%8A%D8%A9-%D8%AE%D9%84%D8%A7%D9%84-%D8%A7%D9%84%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%8A-%D9%85%D8%B9-%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%86-%D8%A7%D9%84%D9%8A%D9%88%D9%85%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%85%D8%A7\/944619947708426\/\" style=\"\" rel=\"noopener\">said<\/a> that Egypt needs to build 40-50k new classrooms annually \u2014 each costing EGP 1 mn \u2014 to accommodate the rising number of students. This translates into a budgetary requirement of EGP 50 bn annually.<\/p>\n<p style=\"padding-top:-9pt;padding-left:0;padding-bottom:-9pt;line-height:1.15;margin-right:-6pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left;padding-right:0\"><strong>Could turnkey schools serve as a quick fix?<\/strong> Education Minister Mohamed Abdel Latif met with major private players in the education sphere earlier this month to discuss boosting investments in the sector through 2030 and addressing the classroom shortage, a government source told EnterpriseAM. The minister proposed offering ready-built schools to the private sector for development and operation to help bridge the supply gap. The proposal garnered interest from private sector players, according to the source.<\/p>\n<p style=\"padding-top:-9pt;padding-left:0;padding-bottom:-9pt;line-height:1.15;margin-right:-6pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left;padding-right:0\"><strong>The first phase will involve 50 schools<\/strong> to be operated under public-private partnerships (PPP). These schools could be up and running by the next academic year, with fees tailored for middle-income families. The first phase will focus on Greater Cairo \u2014 the plan will significantly reduce classroom overcrowding by the next academic year, the source told EnterpriseAM.<\/p>\n<p style=\"padding-top:-9pt;padding-left:0;padding-bottom:-9pt;line-height:1.15;margin-right:-6pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left;padding-right:0\"><strong>Incentives could increase private sector involvement:<\/strong> Badawy Allam, deputy chairman of the Private School Owners Association \u2014 which represents 6k investors in the education sector \u2014 told EnterpriseAM that the meeting included promises of new incentives to increase private sector participation. Allam said that investors are awaiting the final list of ready-built schools to be offered for development.<\/p>\n<p style=\"padding-top:-9pt;padding-left:0;padding-bottom:-9pt;line-height:1.15;margin-right:-6pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left;padding-right:0\"><strong>What kind of support are investors after? <\/strong>Industry players told EnterpriseAM that they are after support similar to that which has been granted to manufacturing, tourism, and renewable energy players. <\/p>\n<p style=\"padding-top:-9pt;padding-left:0;padding-bottom:-9pt;line-height:1.15;margin-right:-6pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left;padding-right:0\"><strong>Financing facilities are key asks:<\/strong> Allam highlighted the importance of including education in the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c0fbf63f-f196-4ab6-acac-529210bde7e3\/gov%25e2%2580%2599t-greenlights-egp-120-bn-subsidized-loan-program-to-support-industry-and-agriculture\" style=\"\" rel=\"noopener\">subsidized loan program<\/a> that offers businesses loans at a 15% interest rate \u2014 nearly half the central bank's post-float 28.25% lending rate. The program currently targets the industrial and agricultural sectors. <\/p>\n<p style=\"padding-top:-9pt;padding-left:0;padding-bottom:-9pt;line-height:1.15;margin-right:-6pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left;padding-right:0\"><strong>So is affordable plots:<\/strong> Offering land plots at a more affordable cost would be instrumental in attracting private sector investment, according to Allam. <\/p>\n<p style=\"padding-top:-9pt;padding-left:0;padding-bottom:-9pt;line-height:1.15;margin-right:-6pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left;padding-right:0\"><strong>On the table: <\/strong>The Education Ministry and General Authority for Investment and FreeZones are looking into offering golden licenses to schools and incorporating them into Egypt\u2019s investment map to attract foreign capital.<\/p>\n<p style=\"padding-top:-9pt;padding-left:0;padding-bottom:-9pt;line-height:1.15;margin-right:-6pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left;padding-right:0\"><strong>Will golden licenses spark a revival in Egypt\u2019s private education sector? <\/strong>We dive into the topic in a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/48163c9d-2a8f-4592-9dbe-ab1606528a4c\/will-golden-licenses-spark-a-revival-in-egypt%25e2%2580%2599s-private-education-sector%3F\" style=\"\" rel=\"noopener\">Blackboard<\/a> published earlier this month. <\/p>\n<p style=\"padding-top:-9pt;padding-left:0;padding-bottom:-9pt;line-height:1.15;margin-right:-6pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left;padding-right:0\"><strong>Investors are also after legislative amendments:<\/strong> Allam told us that the current laws governing the sector \u2014 which have remained unchanged for over 50 years \u2014 need an overhaul to streamline licensing and operational procedures. Updated building codes and other regulatory frameworks could alleviate investor concerns and help speed up the process of opening up new schools, he told us. <\/p>\n<p style=\"padding-top:-9pt;padding-left:0;padding-bottom:-9pt;line-height:1.15;margin-right:-6pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left;padding-right:0\"><strong>Remember: <\/strong>The Madbouly government earlier this year loosened regulations on private language schools with the aim of encouraging smaller players to invest in education. The government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c0727e31-e945-4aa7-95cb-633f899dd31f\/what-is-egypt-doing-to-increase-its-number-of-stem-system-schools%3F\" style=\"\" rel=\"noopener\">reduced the minimum plot size<\/a> for planned schools to 1.2k sqm, down from 2.5k sqm. This reduces construction costs while maintaining education quality and ensuring students have the space to practice activities, Alomran Smart Language Schools Chairman Saber Omran told EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A vote of confidence in the turnkey schools system: <\/strong>Omran added that ready-built schools offer private players the chance to offload construction costs. Each school\u2019s legal representative will prepare an initial budget for the first operational year, which will determine the annual rent paid to the Education Ministry over a 30-year period.<\/p>\n<p style=\"padding-top:-9pt;padding-left:0;padding-bottom:-9pt;line-height:1.15;margin-right:-6pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left;padding-right:0\"><strong>Not a long-term solution: <\/strong>While ready-built schools offer a short-term solution, the issues facing the PPP framework needs to be tackled for the long term \u2014 the framework is facing issues with land availability. <\/p>\n<p style=\"padding-top:-9pt;padding-left:0;padding-bottom:-9pt;line-height:1.15;margin-right:-6pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left;padding-right:0\"><strong>What investors want: <\/strong>The government source told us that investors want clear conditions booklets for tenders and they want to extend the period of usufruct agreements to 50 years up from 30 years at the moment. <\/p>\n<p style=\"padding-top:-9pt;padding-left:0;padding-bottom:-9pt;line-height:1.15;margin-right:-6pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left;padding-right:0\"><strong>Tuition fees remain a sticking point:<\/strong> Allam stressed that the limits up to which private and international schools were permitted to raise their tuition fees hinder the private sector\u2019s ability to expand. He called for either incentives to reduce construction and operational costs or a gradual increase in tuition fees to ensure financial sustainability.<\/p>\n<p style=\"padding-top:-9pt;padding-left:0;padding-bottom:-9pt;line-height:1.15;margin-right:-6pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left;padding-right:0\"><strong>Despite these challenges, stakeholders are optimistic <\/strong>about the launch of ready-built schools as a quick solution to increasing private sector participation, which currently accounts for just 25% of Egypt\u2019s schools<strong>.<\/strong><\/p>\n<p style=\"padding-top:-9pt;padding-left:0;padding-bottom:-9pt;line-height:1.15;margin-right:-6pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left;padding-right:0\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Your top education stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Gov\u2019t looks to develop agricultural vocational schools:<\/strong> The education and agriculture ministries have agreed to collaborate with private sector players to develop agricultural vocational schools. (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid026kgKDTwyqNKzUkisxP9bUMmgwrur6JyynGBtVNyenSPEXtKPdpvdqSN1CUiCcusXl\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Egypt launched the region\u2019s first Android Automotive training program <\/strong>in an effort to increase the number of trained professionals in the automotive software field. The program is designed to \u201cequip a new generation of engineers for the rapidly evolving automotive software industry.\u201d (<a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/egypt-and-dxc-luxoft-empower-automotive-software-talent-for-global-industry-jao6u9ma\" style=\"\" rel=\"noopener\">Press release<\/a>)<\/li>\n<li><strong>Gov\u2019t launches 21st Century Skills Centers project:<\/strong> The Education Development Fund\u2019s board greenlit the launch of the 21st Century Skills Centers project in partnership with multinational tech firm Cisco to identify and train talented individuals across a number of fields to help support Egypt\u2019s development goals. (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02DHkMEdZ1iu14isg4oGgmMjgGKBbrcEKqshQ7E1oBh4Ucg6jV5cesuzNtCpvFzjKal\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/blackboard\/\">Blackboard<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/public-private-partnership\/\">public-private partnership<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"657580\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/23\/657580\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657580\" class=\"content-area-description single-story post-657580 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">End of 2024: The launch of the high-speed train line linking Ain Sokhna with Al Alamein City<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">January: CBE to launch InstaPay remittances for Egyptians abroad<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">February: Orascom Pyramids Entertainment to bring total investments in the Pyramids Plateau to EGP 1.5 bn<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1 January (Wednesday): The minimum pension will <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0AuG4sE6XqJHZFNt85jbQW7k9u1dgwtmCJK27h1VgQHQ5n2YKnDFX6wGVj3kRPGKgl\" style=\"\">increase<\/a><\/span><span style=\"font-weight:400;\"> to EGP 1.5k, and the maximum to EGP 11.6k<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1 January (Wednesday): Launch of the urgent <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0J6EcHtfaLPMoMkf97jebS7ikmatvZsPRwFfNrC34KTRMBPZemxC5saJU2mEKEvBWl\" style=\"\">plan<\/a><\/span><span style=\"font-weight:400;\"> for the National Population and Development Strategy.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14 January (Tuesday): The 4th edition of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/share\/v\/1GhaaZRjmj\/\" style=\"\">Egypt Economic Summit<\/a><\/span><span style=\"font-weight:400;\"> will take place.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28 January (Tuesday): Nigeria to inaugurate the USD 5 bn Africa Energy Bank in Abuja <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28-29 January (Tuesday-Wednesday): US Federal Reserve\u2019s Federal Open Market Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>January 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/12\/19\/%D8%A7%D9%84%D8%B3%D9%81%D9%8A%D8%B1-%D8%A7%D9%84%D8%A3%D9%84%D9%85%D8%A7%D9%86%D9%8A-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%85%D8%B3%D8%AA%D8%AB%D9%85%D8%B1%D9%88%D9%86-%D8%A3%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D8%B2%D9%88%D8%B1%D9%86-%D9%85%D8%B5%D8%B1-%D9%81%D9%8A-%D9%8A%D9%86%D8%A7%D9%8A%D8%B1-%D9%88%D8%A3%D8%A8%D8%B1%D9%8A%D9%84-2025\" style=\"\">Bavarian Delegation<\/a><\/span><span style=\"font-weight:400;\"> visit to Egypt <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-19 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egypes.com\/conferences\/technical-conference\/?utm_content=&CNAME=Enterprise%20Mea&CID=&utm_campaign=TC%20Speaker%20Announcement&utm_medium=email&utm_source=Adestra\" style=\"\">EGYPES Technical Conference<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibition Center, Cairo, Egypt. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">18-19 February (Saturday-Sunday): German-Egyptian Joint Economic Committee meetings, Cairo, Egypt <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">7-10 April 2025 (Monday-Thursday): EFG Hermes One on One conference, Dubai, UAE <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>April 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/12\/19\/%D8%A7%D9%84%D8%B3%D9%81%D9%8A%D8%B1-%D8%A7%D9%84%D8%A3%D9%84%D9%85%D8%A7%D9%86%D9%8A-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%85%D8%B3%D8%AA%D8%AB%D9%85%D8%B1%D9%88%D9%86-%D8%A3%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D8%B2%D9%88%D8%B1%D9%86-%D9%85%D8%B5%D8%B1-%D9%81%D9%8A-%D9%8A%D9%86%D8%A7%D9%8A%D8%B1-%D9%88%D8%A3%D8%A8%D8%B1%D9%8A%D9%84-2025\" style=\"\">Saxony Delegation<\/a><\/span><span style=\"font-weight:400;\"> visit to Egypt <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">May 2025: Egyptian Exporters Association (Expolink) exhibition, Italy<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">May 2025:<\/span><span style=\"font-weight:400;\"> French rolling stock manufacturer Alstom will submit technical and financial bids for Cairo Metro Line 6. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">July 2025: The first operational trail of Egypt-KSA electricity interconnection line.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">March 2025: Operation of phase one of the Amotope wind farm <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Early 2025: The Communications Ministry will unveil the second edition of its national AI strategy in early 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1H 2025: Digital Financial Identity Company will launch an electronic bank account opening service<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1H 2025: The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02tdh3mCYLosumerUCfcCf7RCRxvRXhtoPBVL5A2E1CaL75iy68qTmstXJiGw2hMt6l\" style=\"\">Egyptian-US Investment Forum<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q 2025: Eipico\u2019s biopharma plant to begin operations<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q 2025: Finance Ministry to launch public consultations on its tax policy document<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2Q 2025: Financial Regulatory Authority (FRA) to introduce derivatives on the EGX <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2Q 2025: Safaga Terminal 2 to start operations<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Mid-2025: The Administrative Capital for Urban Developments to roll out the second phase of offering industrial plots to investors <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2025: The InterAcademy Partnership assembly<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2025: Nile Basin States Summit, Cairo, Egypt<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2025: Release of the government\u2019s Startup Charter document <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">20 January-7 February: Egypt to host the African Games<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">End of 2027: Trial operations at the Dabaa nuclear power plant expected to take place<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">September 2028: First unit of the Dabaa nuclear power plant begins operations<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Long-term debt | EGX debut | Patient protection bill | Trade agreements.<\/p>\n","protected":false},"featured_media":657563,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-657562","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"dc2559e7-1fb0-4701-9892-26bc3cc69521","teaser":"Long-term debt | EGX debut | Patient protection bill | Trade agreements.","photo_url":"https:\/\/ent.news\/2024\/12\/2032.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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