{"id":657894,"date":"2024-12-29T00:00:00","date_gmt":"2024-12-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=657894"},"modified":"2025-12-18T02:24:03","modified_gmt":"2025-12-18T02:24:03","slug":"looking-back-on-the-year-that-has-passed","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/","title":{"rendered":"Looking back on the year that has passed"},"content":{"rendered":"<section id=\"657896\" 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=\"657896\">\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\/29\/regional-escalations-has-cost-egypt-some-usd-7-bn-in-suez-canal-revenues\/\">\r\n                            Regional escalations has cost Egypt some USD 7 bn in Suez Canal revenues                        <\/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\/29\/regional-escalations-has-cost-egypt-some-usd-7-bn-in-suez-canal-revenues\/\" 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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/regional-escalations-has-cost-egypt-some-usd-7-bn-in-suez-canal-revenues\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/regional-escalations-has-cost-egypt-some-usd-7-bn-in-suez-canal-revenues\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Regional escalations has cost Egypt some USD 7 bn in Suez Canal revenues&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/regional-escalations-has-cost-egypt-some-usd-7-bn-in-suez-canal-revenues\/\">\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\/29\/regional-escalations-has-cost-egypt-some-usd-7-bn-in-suez-canal-revenues\/&title=Regional escalations has cost Egypt some USD 7 bn in Suez Canal revenues\">\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=Regional+escalations+has+cost+Egypt+some+USD+7+bn+in+Suez+Canal+revenues+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F12%2F29%2Fregional-escalations-has-cost-egypt-some-usd-7-bn-in-suez-canal-revenues%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\/29\/regional-escalations-has-cost-egypt-some-usd-7-bn-in-suez-canal-revenues\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2402.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"657897\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/regional-escalations-has-cost-egypt-some-usd-7-bn-in-suez-canal-revenues\/2402-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2402.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2402.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2402.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2402.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657896\" class=\"content-area-description single-story post-657896 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseam tag-suez-canal tag-what-were-tracking-today 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\/.be816ccf-171f-4b98-a8da-9ae183e88755.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, all<\/strong><strong>, and welcome to the very last Sunday of the year. <\/strong>We are taking these last few days of the year to reflect back on the year that has passed \u2014 and what a year it has been. We have recaps of what went down on the macro level, on the expansions front, and in the tourism sector this past year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ All of that and more in the news well, below. <\/p>\n<p class=\"tag-border-left\">DATA POINT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>Ongoing regional escalations have cost us some USD 7 bn in Suez Canal revenues this year <\/strong><strong>alone<\/strong>, according to an Ittihadiya <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/1A2xeuQeZh\/\" style=\"\" rel=\"noopener\">statement<\/a>. While the statement doesn\u2019t mention how much the canal made in revenues this year, it says that the figure is 60% lower than 2023\u2019s figure. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPEAKING OF THE SUEZ CANAL- <\/strong>The canal has successfully tested a new 10km lane in the southern section of the waterway, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid027LDEPjy6kmAD4QsqYeWbB8aSWeXQyaWagNQYmSz3qUt96eERqJPrpWWAqZjLf4B6l\" style=\"\" rel=\"noopener\">statement<\/a>. The trial saw the passage of two ships through the new stretch. Four other ships meanwhile navigated the original eastern canal. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Details of the upgrade:<\/strong> The extension increases the length of the canal\u2019s two-way section to 82 km \u2014 up from 72 km. \u201cThe extension is set to enhance navigational safety, reduce the impact of winds and currents, and raise the canal\u2019s capacity by an additional 6-8 vessels daily,\u201d Suez Canal Authority head Osama Rabie said.<\/p>\n<p class=\"tag-border-left\">IN THE HOUSE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>The House is reconvening today and tomorrow <\/strong>to discuss and vote on the draft Criminal Procedures Law\u2019s articles. MPs preliminary <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/10adebc3-db27-4d24-a0fe-2972d103622d\/el-khatib-outlines-investment-ministry%25e2%2580%2599s-vision\" style=\"\" rel=\"noopener\">approved the draft Criminal Procedures Law<\/a> earlier this month after weeks of discussions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also on the agenda:<\/strong> MPs will also discuss and vote on four agreements with Italy, Canada, and the African Development Bank. <\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>The <\/strong><strong><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\">Mostakbal Misr Agency for Sustainable Development<\/a><\/strong><strong> has secured 1.3 mn tons <\/strong><strong>of wheat<\/strong>, securing Egypt\u2019s supply through June 2025, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/egypts-mostakbal-misr-secures-1267-mln-tons-mostly-russian-wheat-sources-say-2024-12-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports citing two sources it says have knowledge of the matter. The majority of the contracts were sourced from Russia, with shipments already arriving at Egyptian ports and more scheduled for the coming months. <\/p>\n<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<\/p><\/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>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>Brace for another cold week in Cairo. Today the capital is in for a high of 18\u00b0C and a low of 10\u00b0C, according to our favorite weather app.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s as cold in Alexandria<\/strong>, with a high of 17\u00b0C and a low of 10\u00b0C.<\/p>\n<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>\n<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>\n<p class=\"tag-border-left\">CIRCLE YOUR CALENDAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s first joint-stock ship waste management company will launch mid-January<\/strong>, a little later than originally expected as it works to complete establishment procedures, <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/12\/26\/1855701\" style=\"\" rel=\"noopener\">Al Borsa<\/a> reports. The EGP 100 mn company \u2014 which has received around 60 participation requests thus far \u2014 aims to manage ship waste in Port Said and the Suez Canal. <\/p>\n<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>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a pretty quiet morning in the western press<\/strong> as the news slowdown drags on.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump asks Supreme Court to delay TikTok ban:<\/strong> US president-elect Donald Trump is pushing for the Supreme Court to pause a law requiring TikTok\u2019s Chinese owner, ByteDance, to sell the platform to a US company or face a nationwide ban by 19 January. Trump argued his incoming administration needs time to find a reasonable political resolution. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/legal\/trump-asks-supreme-court-pause-law-that-could-ban-tiktok-2024-12-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cr4r1qrqw2vo\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/12\/27\/politics\/tiktok-supreme-court-trump-biden-briefs\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-27\/trump-urges-supreme-court-to-pause-law-threatening-tiktok-ban\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/technology\/2024\/dec\/27\/trump-supreme-court-tiktok-ban\" style=\"\" rel=\"noopener\">The Guardian<\/a>) <\/p>\n\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\/suez-canal\/\">Suez Canal<\/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=\"657898 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=\"657898\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/657898\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657898\" class=\"content-area-description single-story post-657898 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\/ads\/imgs\/348.jpg?ssl=1\"><\/a><\/span><\/p><div class=\"grouped-tags\">\n<p><span style=\"font-weight:700;\">Cheers to the New Year: Two Weeks of Non-Stop Fun at Somabay<\/span><\/p>\n<p><span style=\"font-weight:400;\">Get ready to kick off 2025 in style at Somabay, where the Red Sea sparkles a little brighter this season! Renowned for its stunning resorts and iconic landscapes, Somabay is pulling out all the stops with two weeks of dazzling celebrations.<\/span><\/p>\n<p><span style=\"font-weight:400;\">This year, the stage is set with showstopping events powered by CJC, ByGanz, and Stefano &amp; Friends, promising endless fun for adults, while the little ones dive into excitement with the WG Junior Camp and the grand opening of the Playpark.<\/span><\/p>\n<p><span style=\"font-weight:400;\">Whether you\u2019re dancing the night away or watching your kids create their own magical moments, Somabay guarantees a New Year celebration filled with joy, adventure, and memories to last a lifetime.<\/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=\"657899\" 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=\"657899\">\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\">YEAR IN REVIEW \u2014 MACRO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/a-look-back-at-the-egyptian-economy-over-this-past-year\/\">\r\n                            A look back at the Egyptian economy over this past 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 href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/a-look-back-at-the-egyptian-economy-over-this-past-year\/\" 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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/a-look-back-at-the-egyptian-economy-over-this-past-year\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/a-look-back-at-the-egyptian-economy-over-this-past-year\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=A look back at the Egyptian economy over this past year&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/a-look-back-at-the-egyptian-economy-over-this-past-year\/\">\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\/29\/a-look-back-at-the-egyptian-economy-over-this-past-year\/&title=A look back at the Egyptian economy over this past year\">\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=A+look+back+at+the+Egyptian+economy+over+this+past+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F12%2F29%2Fa-look-back-at-the-egyptian-economy-over-this-past-year%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\/29\/a-look-back-at-the-egyptian-economy-over-this-past-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1034.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"657900\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/a-look-back-at-the-egyptian-economy-over-this-past-year\/1034-jpg-23\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1034.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1034.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1034.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1034.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657899\" class=\"content-area-description single-story post-657899 post type-post status-publish format-standard has-post-thumbnail hentry category-year-in-review-macro tag-economy tag-enterpriseam tag-imf 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\/.dfef81ca-a9a2-4bf0-9a30-68e48be77f1a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The defining story of 2024 in Egypt was the USD flows, both into and out of the country.<\/strong> The year began with a grim outlook for the balance of payments, marked by rising external debt, a trade deficit skewed in favor of imports, dwindling remittances due to a huge gap between the official and unofficial exchange rates, and declining revenues from the Suez Canal due to the disruptions in Red Sea navigation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We rang 2024 in with a parallel market spiraling out of <\/strong><strong>control, with the EGP changing hands <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/08f51e36-cd3a-411d-a974-659fd3601066\/reports-suggest-we%25e2%2580%2599re-closing-in-on-a-new,-larger-imf-package-%2B-devaluation.-here%25e2%2580%2599s-what-to-watch-for.\" style=\"\" rel=\"noopener\">at a record low 70 and beyond<\/a><\/strong> to the USD, while the official rate sat at 30.95. This came amid an FX shortage that saw goods stuck in ports and investors wary of the Egyptian market. January and February also saw murmurs of an expanded IMF package. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It wasn\u2019t just the parallel market that reflected how dire Egypt\u2019s FX crunch has gotten: <\/strong>The FX shortage was also felt in the power outages that hit the entire country from July 2023 to mid-July 2024, as the government struggled to secure the FX resources needed to import the needed gas supplies to compensate for the decline of domestic production.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Getting the ball rolling: <\/strong>In late February, the Madbouly government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0b97fcf-95b0-4d39-86ae-0a4989221520\/adq-acquires-development-rights-to%253cmark%253e-ras-el-hekma-%253c%2Fmark%253efor-usd-24-bn,-will-invest-a-further-usd-11-bn-in-real-estate-and-other-prime-projects\" style=\"\" rel=\"noopener\">announced that it inked<\/a> a USD 35 bn agreement with ADQ, giving the Abu Dhabi wealth fund and longtime investor in Egypt the development rights to Ras El Hekma on the North Coast. The transaction provided Egypt with much-needed foreign currency reserves and set the stage for what\u2019s to come.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Then came D-Day: <\/strong>On Wednesday, 6 March the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3135c499-31a4-4ef0-b26f-5009f0430da5\/cbe-floats-the-egp,-goes-for-600-bps-rate-hike\" style=\"\" rel=\"noopener\">central bank announced<\/a> that it would \u201callow the exchange rate to be determined by market forces.\u201d The announcement came after a surprise monetary policy meeting that saw it hike interest rates by 600 bps. The EGP briefly slipped past the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2456d7e2-a539-4462-9af5-90eba4e597ea\/usd-breaks-the-egp-51-barrier\" style=\"\" rel=\"noopener\">51 mark<\/a> against the USD last week for the first time, before stabilizing at an average of EGP 50.92 to the greenback.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And an expanded IMF package: <\/strong>That Wednesday also saw the Madbouly government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/033d5dd6-d417-4ad7-8154-b113a19b96a7\/madbouly-sounded-the-right-notes-as-he-unveiled-a-super-sized-usd-8-bn-imf-package\" style=\"\" rel=\"noopener\">unveil<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/033d5dd6-d417-4ad7-8154-b113a19b96a7\/madbouly-sounded-the-right-notes-as-he-unveiled-a-super-sized-usd-8-bn-imf-package\" style=\"\" rel=\"noopener\">a super-sized USD 8 bn IMF package<\/a>. Since then Egypt received three of its USD 820 mn tranches from the Fund and we\u2019re currently awaiting another USD 1.2 bn \u2014 the biggest tranche of the program so far \u2014 after the Fund and Egyptian authorities <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6ee2d6d5-0a27-42b9-80f5-e48682e6103d\/imf-reaches-staff-level-agreement-with-egypt-on-fourth-loan-review\" style=\"\" rel=\"noopener\">reached a staff-level agreement<\/a> on the fourth review of the program.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The expanded IMF package helped the government set its priorities straight<\/strong>, with the latest statement from the Fund placing an emphasis on boosting tax revenues, accelerating the privatization program, improving the business environment, and reducing the state\u2019s footprint in the economy \u2014 the Finance Ministry introduced an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4286f10b-5618-426b-87de-d53d22d9591a\" style=\"\" rel=\"noopener\">EGP 1 tn public investment cap<\/a> for all state entities to help create space for private players.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It wasn\u2019t just the IMF that lent us a helping hand: <\/strong>Shortly after we secured the expanded IMF package, the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c5d0b9c3-135b-481d-a2c1-16fd35766b44\" style=\"\" rel=\"noopener\">EU pledged a EUR 7.4 bn package<\/a> of loans, grants, and investments through to 2027. The EU <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d11cb8b8-2a7d-4012-b98b-b9abd0e310f5\/%253cmark%253eeu%253c%2Fmark%253e-approves-the-disbursement-of-eur-1-bn-to-egypt\" style=\"\" rel=\"noopener\">approved the disbursement of an EUR 1 bn<\/a> macro-financial assistance package earlier this month to \u201caccompany (Egypt\u2019s) reform agenda.\u201d The World Bank also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/19bac262-1a66-4b6e-af15-3fd23f52c1e2\/%253cmark%253eworld-bank%253c%2Fmark%253e-pledges-usd-6-bn-financing-package-for-egypt\" style=\"\" rel=\"noopener\">said it will provide Egypt with a USD 6 bn financing package<\/a> over the next three years \u2014 USD 3 bn will go to the government to support its economic and structural reforms, social protection programs, and its green economy transition and the other half will be distributed through the group\u2019s private sector arm, the International Finance Corporation IFC, and will go to the private sector. The World Bank <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/08ac86e0-4ca3-41c5-9625-b8cef2fd97e9\/world-bank-greenlights%253cmark%253e-usd-700-mn%253c%2Fmark%253e-in-development-financing\" style=\"\" rel=\"noopener\">greenlit USD 700 mn<\/a> of the funds in June. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The float allowed Egypt to regain significant foreign currency inflows<\/strong>, with a substantial portion of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/129b8ee2-8bcd-4509-b3b7-48e93264e376\/internet,-mobile-services-are-in-for-another-price-hike#:~:text=Remittances%20from%20Egyptians%20abroad%20hit%20USD%2023.7%20bn%20in%20the%20first%20ten%20months%20of%202024%2C%20up%2045.3%25%20y%2Do%2Dy%2C%20according%20to%20a%20statement%20(pdf).%20Monthly%20inflows%20jumped%2068.4%25%20y%2Do%2Dy%20to%20USD%202.9%20bn%20in%20October%2C%20while%20the%20July%2DOctober%20period%20saw%20an%2080%25%20y%2Do%2Dy%20rise%20to%20USD%2011.2%20bn\" style=\"\" rel=\"noopener\">remittances from Egyptians abroad<\/a> returning to the formal banking system. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5c7e49d6-d6aa-4847-bf4c-a6712e0c3abf\/\" style=\"\" rel=\"noopener\">For the first time since 2022<\/a>, the CBE and the banking sector achieved a surplus in net foreign assets, driven by rising remittances and the return of foreign investments in government debt instruments. Egypt\u2019s net foreign reserves have increased by around USD 11.6 bn in the months since the government announced the Ras El Hekma agreement and the float of the EGP and FX liquidity returning to the official banking system, paving the way for more international funds. In February \u2014 the month immediately before the float \u2014 foreign reserves stood at <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/98fd7df8-7e83-42c6-a867-b40af8430539\" style=\"\" rel=\"noopener\">USD 35.3 bn<\/a>. Net foreign reserves <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3fce36f7-84aa-4580-b4ce-7c275dbad080\/egypt%25e2%2580%2599s%253cmark%253e-foreign-reserves%253c%2Fmark%253e-inches-up-usd-10.5-mn-usd-47.0-bn-in-november\" style=\"\" rel=\"noopener\">sat at USD 47.0 bn<\/a> at the end of November 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remittances also saw a big jump <\/strong>after Egyptians abroad resumed sending money through official channels after the float of the EGP. Remittances from Egyptians abroad <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/129b8ee2-8bcd-4509-b3b7-48e93264e376\/internet,-mobile-services-are-in-for-another-price-hike\" style=\"\" rel=\"noopener\">hit USD 23.7 bn in the first ten months of 2024<\/a>, up 45.3% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A return to normalcy:<\/strong> Following the float the government started paying back overdue arrears and banks increased their foreign currency credit card limits. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Localization was also a big theme: <\/strong>The government has taken several measures to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d3fdb838-5768-4201-8be9-a6cdc8b3aa29\/a-deep-dive-into-egypt%25e2%2580%2599s%253cmark%253e-localization-efforts%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">localize<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d3fdb838-5768-4201-8be9-a6cdc8b3aa29\/a-deep-dive-into-egypt%25e2%2580%2599s%253cmark%253e-localization-efforts%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">the production<\/a> of key sectors throughout 2024, targeting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6eb8ac38-6fd7-40e3-bd04-9d4c309d0453\/\" style=\"\" rel=\"noopener\">23 priority industries<\/a> and aiming to trim reliance on imports for industrial inputs, while some Egyptian companies <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0b8badb1-0cef-4729-b6f6-f3f71f1b9dce\" style=\"\" rel=\"noopener\">expanded production<\/a> and increased market shares in response to calls to boycott foreign brands. However, manufacturers are still <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5c9ac201-9eda-4d37-b5d9-2b31ec77ab73\" style=\"\" rel=\"noopener\">heavily dependent<\/a> on costly imports for raw materials, putting a huge strain on the state\u2019s FX coffers. Nevertheless, manufacturers still bear the expensive transport fees and depend on imports to source the required production imports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** We take a look back at the localization push throughout 2024 in this week\u2019s Inside <\/strong><strong>Industry to be published in today\u2019s EnterprisePM. <\/strong><\/p>\n<p class=\"tag-border-left\"> WHAT\u2019S ON THE HORIZON FOR 2025-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Geopolitics and protectionism cloud the outlook for the year to come: <\/strong>Geopolitical risks and the return of Donald Trump to the White House, with his promised protectionist policies, are two key factors framing the outlook for next year, according to a note from Al Ahly Pharos. Ongoing regional tension is projected to continue weighing on Suez Canal revenues and gas supplies from Israel, while a potential escalation of the Russia-Ukraine war could complicate current account balances for commodity-importing nations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What does Trump\u2019s return to the White House mean for us? <\/strong>Trump\u2019s anticipated fiscal expansion \u2014 via tax cuts and trade protectionism \u2014 could strengthen the USD, sparking inflationary pressures and forcing the US Federal Reserve to reconsider the pace of rate cuts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Analysts split on rate forecast:<\/strong> Interest rates are expected to drop to 12-13% by the end of 2025, Prime Minister Moustafa Madbouly <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02y1q3e6mJsrDcSozHRqeM3hANvhBDns8Fshroyvozshb3gsj1euQW3KqwBFXPv1oLl?__cft__[0]=AZUCkxElF0QkywjnpY-X0J5TvgLxT7EruQLHZC-JFYRit71Il26BvegSa6Rts6-qn_OW7uPyzf8D32KwHnVLhm83BIX85zXn1WMR8AdIrpfMPyZzduKyNK8Dg4K1DGPz3Urn-5RB_enqM1wu1bTKTjBzCuOloQx2o--mET6tHqXOeEARm0Ndl9L6VEJ6511dRFU&amp;__tn__=%2CO%2CP-R\" style=\"\" rel=\"noopener\">told investors in a meeting<\/a> on Thursday. Some analysts expect a modest 300-400 bps cut over 2025, while others see the CBE slashing rates by 800-1k bps.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Inflation to trend downward: <\/strong>Analysts see inflation easing to 16-24% in 2025, supported by a favorable base effect. 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<\/a><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\">percentage point<\/a> to 25.5% in November. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGP\u2019s exchange rate against the USD remains a wildcard.<\/strong> Most analysts expect the EGP to settle at EGP 53-58 against USD by the end of 2025. However, economist Hany Tawfik sees the EGP potentially weakening further to 60-70 per USD, fueling inflationary pressures. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meeting debt obligations with FDI and asset sales:<\/strong> Egypt\u2019s external obligations are estimated to sit at USD 33.2 bn in 2025 and USD 55 bn in total until the end of 2026, according to Al Ahly Pharos. Meeting these liabilities will require substantial FDI inflows or additional borrowing, making large FDI transactions and asset sales critical for short-term economic stability.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Structural reforms hold the key:<\/strong> Al Ahly Pharos\u2019 note emphasized the need for structural reforms to address Egypt\u2019s current account and budget deficits. Priorities include a \u201cmore level ground for both public entities and the private sector, setting a stable tax policy, revising energy pricing for the industrial sector especially exporters, and enhancing governance and predictability of economic policies,\u201d the note reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight: 600;\">Editor's note: <\/span>The story was edited on 30 December 2024 to note that Egypt's total external obligations are estimated to sit at USD 55 bn in total until the end of 2026, according to a research note by Al Ahly Pharos seen by EnterpriseAM.<\/p>\n\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\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/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=\"657901\" 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 class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-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\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/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-8alzy69\" data-v=\"4\" data-block-id=\"8alzy69\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-8alzy69-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-8alzy69-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\/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-s6rekbr\" data-v=\"4\" data-block-id=\"s6rekbr\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-s6rekbr-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-s6rekbr-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\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live 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-yr2bvn9\" data-v=\"4\" data-block-id=\"yr2bvn9\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-yr2bvn9-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-yr2bvn9-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-bmefv0q\" data-v=\"4\" data-block-id=\"bmefv0q\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-bmefv0q-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-bmefv0q-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 class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"657902\" 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=\"657902\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/central-bank-of-egypt-keeps-rates-unchanged-for-sixth-time-in-a-row\/\">\r\n                            Central Bank of Egypt keeps rates unchanged for sixth time in a row                        <\/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\/29\/central-bank-of-egypt-keeps-rates-unchanged-for-sixth-time-in-a-row\/\" 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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/central-bank-of-egypt-keeps-rates-unchanged-for-sixth-time-in-a-row\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/central-bank-of-egypt-keeps-rates-unchanged-for-sixth-time-in-a-row\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Central Bank of Egypt keeps rates unchanged for sixth time in a row&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/central-bank-of-egypt-keeps-rates-unchanged-for-sixth-time-in-a-row\/\">\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\/29\/central-bank-of-egypt-keeps-rates-unchanged-for-sixth-time-in-a-row\/&title=Central Bank of Egypt keeps rates unchanged for sixth time in a row\">\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=Central+Bank+of+Egypt+keeps+rates+unchanged+for+sixth+time+in+a+row+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F12%2F29%2Fcentral-bank-of-egypt-keeps-rates-unchanged-for-sixth-time-in-a-row%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\/29\/central-bank-of-egypt-keeps-rates-unchanged-for-sixth-time-in-a-row\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/828.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"657903\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/central-bank-of-egypt-keeps-rates-unchanged-for-sixth-time-in-a-row\/828-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/828.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"828.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/828.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/828.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657902\" class=\"content-area-description single-story post-657902 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-central-bank-of-egypt tag-economy tag-enterpriseam tag-inflation tag-interest-rates 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\/.be816ccf-171f-4b98-a8da-9ae183e88755.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>CBE keeps interest rates unchanged during final meeting of the year: <\/strong>The Central Bank of Egypt\u2019s Monetary Policy Committee (MPC) decided to keep interest rates unchanged when it held its last meeting of the year on Thursday. The move came <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/03e20b44-7814-47d5-81e8-99f88688b664\/\" style=\"\" rel=\"noopener\">in line with analysts\u2019 expectations<\/a> and marked the sixth consecutive meeting where the MPC decided to keep rates as they are. <\/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>The rationale:<\/strong> The decision \u201cremains appropriate to maintain a tight monetary stance until a significant and sustained decline in inflation is achieved,\u201d the committee said in <a target=\"_blank\" href=\"https:\/\/cbe.org.eg\/en\/news-publications\/news\/2024\/12\/26\/12\/38\/mpc-press-release-26-december-2024\" style=\"\" rel=\"noopener\">a statement<\/a> following its meeting.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The MPC also decided to extend its inflation targets to an average 7% \u00b12 percentage <\/strong><strong>points by 4Q 2026<\/strong> and 5% \u00b12 percentage points by 4Q 2028. The move will \u201callow for more room to weather price shocks without requiring further stringent monetary tightening, thereby avoiding substantial slowdown in economic activity. \u201c <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>The CBE was previously targeting inflation to average 7% \u00b12 percentage points by 4Q 2024 and 5% \u00b12 percentage points by 4Q 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Latest inflation data: <\/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<\/a><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\">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>Where interest 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 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\">a 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\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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"657904\" 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=\"657904\">\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\">YEAR IN REVIEW \u2014 TOURISM<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/how-egypts-tourism-sector-fared-in-2024\/\">\r\n                            How Egypt\u2019s tourism sector fared in 2024?                        <\/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\/29\/how-egypts-tourism-sector-fared-in-2024\/\" 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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/how-egypts-tourism-sector-fared-in-2024\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/how-egypts-tourism-sector-fared-in-2024\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=How Egypt\u2019s tourism sector fared in 2024?&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/how-egypts-tourism-sector-fared-in-2024\/\">\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\/29\/how-egypts-tourism-sector-fared-in-2024\/&title=How Egypt\u2019s tourism sector fared in 2024?\">\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=How+Egypt%E2%80%99s+tourism+sector+fared+in+2024%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F12%2F29%2Fhow-egypts-tourism-sector-fared-in-2024%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\/29\/how-egypts-tourism-sector-fared-in-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2386.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"657905\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/how-egypts-tourism-sector-fared-in-2024\/2386-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2386.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2386.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2386.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2386.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657904\" class=\"content-area-description single-story post-657904 post type-post status-publish format-standard has-post-thumbnail hentry category-year-in-review-tourism tag-enterpriseam tag-ras-el-hekma tag-tourism tag-year-in-review-tourism-3 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\/.be816ccf-171f-4b98-a8da-9ae183e88755.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>A look back at 2024 through the lens of tourism: <\/strong>The year that passed has been a challenging one, with regional conflict raising the questions about one of Egypt\u2019s main sources of FX \u2014 tourism. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All these challenges led the government to revise downwards its tourism target<\/strong> \u2014 the government now aims to welcome <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60fef4bb-7de6-4a00-bf5a-e9ea88661f8e\/the-new-cabinet%25e2%2580%2599s-goals-for-the-next-three-years-and-how-they-can-be-achieved\" style=\"\" rel=\"noopener\">25 mn tourists annually by 2030<\/a>, down from a previously-set goal of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b252d5fc-e5e3-41f9-a8ca-8c9cf8c17127\" style=\"\" rel=\"noopener\">30 mn tourists by 2028<\/a>. Also, the government had expected to welcome <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60fef4bb-7de6-4a00-bf5a-e9ea88661f8e\/the-new-cabinet%25e2%2580%2599s-goals-for-the-next-three-years-and-how-they-can-be-achieved\" style=\"\" rel=\"noopener\">15.7 mn tourists<\/a> during the current fiscal year, but most recent data see Egypt welcoming <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ba456530-84e8-4f51-b12d-40a44eb76292\/old-rent-law-set-for-an-overhaul%3F\" style=\"\" rel=\"noopener\">15.3 mn tourists<\/a> by the end of FY 2024-25, not too far off the initially set goal for the year, and still 5% above last year\u2019s record.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of targets:<\/strong> To realize its ambitious tourism targets, the government plans to add some 240-250k rooms to existing hotel room capacity. That\u2019s at least 20% more than the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ab30ba76-0ab5-4e56-8e3f-6913538a4cb3\" style=\"\" rel=\"noopener\">200k hotel rooms<\/a> that were initially planned.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A helping hand:<\/strong> To encourage investors to build more hotels and reach the targets set, the finance and tourism ministries last month launched a new <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bea8025f-3500-43b2-a52b-7fb163b6dca1\/\" style=\"\" rel=\"noopener\">EGP 50 bn subsidized loan program<\/a> for the tourism sector. The program offers financing at 12% interest, providing tourism operators with extended support to expand facilities and accommodate an anticipated growth in visitor numbers \u2014 with a focus on key tourist destinations in Luxor, Aswan, Greater Cairo, the Red Sea, and South Sinai governorates. Eligible companies can access up to EGP 1 bn in financing \u2014- rising to EGP 2 bn for related entities, over the course of one year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More gov\u2019t support in the works:<\/strong> The Madbouly government is looking into launching a new initiative to support investors looking to set up new hotels in the local market, Tourism Minister Sherif Fathy said during a presser <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/10adebc3-db27-4d24-a0fe-2972d103622d\/el-khatib-outlines-investment-ministry%25e2%2580%2599s-vision\" style=\"\" rel=\"noopener\">earlier this month<\/a>. The initiative is pending discussions with the Finance Ministry and the central bank, seeing as they will be providing the funds needed, he explained.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are lots of strategic locations the government is prepping for tourism projects:<\/strong> The government is looking into launching four-to-five new investment zones along the Red Sea coast, hoping to create similar projects to the multi USD bn Ras El Hekma project that is expected to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0b97fcf-95b0-4d39-86ae-0a4989221520\" style=\"\" rel=\"noopener\">attract an additional 8 mn tourists every year<\/a> once it is up and running. There are already plans to offer the Red Sea\u2019s Ras Banas area to private sector players in a transaction similar to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6279e7a2-c821-416e-b98b-046943892ea7\/is%253cmark%253e-ras-banas%253c%2Fmark%253e-the-new-ras-el-hekma%3F\" style=\"\" rel=\"noopener\">ADQ\u2019s Ras El Hekma USD 35 bn agreement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What about non-costal tourism?<\/strong> The Madbouly government is also working to overhaul other in-city locations to attract more tourism investments, such as the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b9c7531a-ef25-458f-a401-4011ec309d31\/\" style=\"\" rel=\"noopener\">Grand Egyptian Museum (GEM)<\/a> \u2014 which opened its doors for trial operations of its main galleries <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/db51c40e-c6dd-4ad1-b299-67a0b7a37e3b\/%253cmark%253egem%253c%2Fmark%253e-kicks-off-trial-operations-today\" style=\"\" rel=\"noopener\">in October<\/a>, and is expected to be officially open for visitors sometime in 2025. The museum is the centerpiece of the EGP 30 bn development of the Giza Plateau area \u2014 a project that <a target=\"_blank\" href=\"https:\/\/enterprise.press\/hardhats\/giza-pyramids-area-getting-major-makeover-heres\/\" style=\"\" rel=\"noopener\">has been long in development<\/a>. Moreover, the Transport Ministry is working on a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/37518e88-1543-47bf-b305-e9558608f360\/\" style=\"\" rel=\"noopener\">corridor that will link GEM to the Giza Plateau<\/a>, creating a seamless connection between two of Egypt\u2019s most iconic sites. Orascom Investment Holding said in early December it will bring its total investments in the plateau through subsidiary Orascom Pyramids Entertainment to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0945ad29-e1bb-4454-8668-1b8c99a6c110\/\" style=\"\" rel=\"noopener\">EGP 1.5 bn<\/a> by February 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The hoteliers business fared well in 2024:<\/strong> The hospitality industry kicked off 2024 with an an agreement that saw ADQ snapping <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/da7d1aaa-b189-4790-a50f-17cb44561f71\/\" style=\"\" rel=\"noopener\">40.5% of Icon<\/a> \u2014 the hospitality arm of Talaat Moustafa Group (TMG), and the company that <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9e88b903-fd4f-448e-b331-314accc55de9\" style=\"\" rel=\"noopener\">acquired a 39% stake<\/a> in seven historical hotels under the state privatization program. We also saw a slew of transactions by regional and international companies to set up new hotels across Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A snapshot of what\u2019s in the works:<\/strong> Egyptian hotelier <a target=\"_blank\" href=\"https:\/\/baronhotels.com\/\" style=\"\" rel=\"noopener\">Baron Hotels and Resorts<\/a> pledged more than <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0945ad29-e1bb-4454-8668-1b8c99a6c110\/%253cmark%253ebaron%253c%2Fmark%253e-to-invest-egp-3-bn-in-five-local-hotels-and-zanzibar-expansion-by-2026:-plus:-efg-hermes-%2B-maarif-education,-compass-capital-%2B-ci-capital,-green-coast,-edafa,-orascom-pyramids-entertainment,-bank-nxt-%2B-mindgate-solutions\" style=\"\" rel=\"noopener\">EGP 3 bn<\/a> worth of investments in self-financed projects to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0945ad29-e1bb-4454-8668-1b8c99a6c110\/baron-to-invest-egp-3-bn-in-five-local-hotels-and-zanzibar-expansion-by-2026:-plus:-efg-hermes-%2B-maarif-education,-compass-capital-%2B-ci-capital,-green-coast,-edafa,-orascom-pyramids-entertainment,-bank-nxt-%2B-mindgate-solutions\" style=\"\" rel=\"noopener\">add 2k rooms<\/a> in Hurghada and Sharm El Sheikh over the next two years. Travco subsidiary <a target=\"_blank\" href=\"https:\/\/www.jazhotels.com\/\" style=\"\" rel=\"noopener\">Jaz Hotel Group<\/a> plans to set up <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4f07f69a-6cf4-41ee-8ddf-a1e73b56af66\/jaz-hotel-group-to-invest-usd-215-mn-to-open-six-new-hotels-in-2025.-plus:-pickalbatros-expands-hotel-portfolio-across-morocco\" style=\"\" rel=\"noopener\">six new hotels<\/a> next year, under a USD 215 mn investment plan. Egyptian b\u2019naire Naguib Sawiris also plans to invest at least USD 150 mn to establish one or <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/645910dd-cc3c-45b5-b7cf-9117a77bdb60\/\" style=\"\" rel=\"noopener\">two hotels<\/a> near the Pyramids and Sphinx International Airport. Meanwhile, hospitality giant Hilton is working on tripling its presence in the local market by opening <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d78b3f97-3857-41cb-b9d9-e27388f70a29\/hilton-to-triple-its-presence-in-egypt-with-25-new-hotels-in-the-pipeline\" style=\"\" rel=\"noopener\">25 new hotels<\/a> across the country \u2014 part of a larger goal for Hilton to have 40 hotels operating in Egypt over the coming years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Airports up for grabs:<\/strong> The Madbouly government concluded that in order to realize its ambitious tourism targets, it had to upgrade its airports, prompting it to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7874a4be-3ea6-4270-a4ba-8b3ee2e39b1d\/\" style=\"\" rel=\"noopener\">invite private sector players<\/a> \u2014 including foreign companies \u2014 to take over the management of airports to improve services and increase revenues. The list of airports earmarked for the private management plan initially started with only five, but now <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/43121952-657a-4e59-8072-8bcade900259\/\" style=\"\" rel=\"noopener\">includes all of Egypt\u2019s airports<\/a> after the government agreed last week with the International Finance Corporation to spearhead the airports privatization plan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Domestic flights by foreign airlines?<\/strong> The ministries of tourism and aviation are in discussions over potentially allowing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f8a63b78-cc61-4e81-ba01-aeac0b96e5e4\/halliburton-could-invest-more-in-egypt%25e2%2580%2599s-energy-sector\" style=\"\" rel=\"noopener\">foreign airlines to operate domestic flights<\/a> in Egypt, aiming to boost the number of domestic flights operated.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yacht tourism also got some love:<\/strong> The government has been working to boost Egypt\u2019s yacht tourism <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/35bf8ef8-943f-4fa9-b360-6f5f58d3cae8\" style=\"\" rel=\"noopener\">for years now<\/a>. And over the past year, the Suez Canal Authority (SCA) rolled out <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4bb189ba-8a2b-4095-a555-fe8304a1b252\/sca-unveils-package-of-incentives-to-boost%253cmark%253e-yacht-tourism%253c%2Fmark%253e.-plus:-news-from-aoi,-disruptech,-gb-capital\" style=\"\" rel=\"noopener\">fresh incentives and facilities<\/a> for yachts passing through the waterway. The Madbouly government is also working <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0ab36a33-4f30-4a71-bd0f-811e8e629996\/egypt%25e2%2580%2599s-ambitions-to-become-a-global%253cmark%253e-yacht%253c%2Fmark%253e-hotspot-are-soon-to-get-a-boost\" style=\"\" rel=\"noopener\">to finalize<\/a> a contract to develop Galala Marina \u2014 expected to become Egypt\u2019s premier yacht destination in the years to come.<\/p>\n\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\/ras-el-hekma\/\">Ras El Hekma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/year-in-review-tourism-3\/\">YEAR IN REVIEW \u2014 TOURISM<\/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=\"657906 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=\"657906\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/657906\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657906\" class=\"content-area-description single-story post-657906 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:\/\/www.grantthornton.eg\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2099.jpg?ssl=1\"><\/a><\/span><\/p>\n\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=\"657907\" 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=\"657907\">\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\">YEAR IN REVIEW \u2014 EXPANSION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/2024-a-year-for-expansions-abroad\/\">\r\n                            2024: A year for expansions abroad among Egyptian businesses                        <\/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\/29\/2024-a-year-for-expansions-abroad\/\" 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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/2024-a-year-for-expansions-abroad\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/2024-a-year-for-expansions-abroad\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=2024: A year for expansions abroad&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/2024-a-year-for-expansions-abroad\/\">\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\/29\/2024-a-year-for-expansions-abroad\/&title=2024: A year for expansions abroad\">\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=2024%3A+A+year+for+expansions+abroad+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F12%2F29%2F2024-a-year-for-expansions-abroad%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\/29\/2024-a-year-for-expansions-abroad\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2392.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"657908\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/2024-a-year-for-expansions-abroad\/2392-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2392.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2392.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2392.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2392.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657907\" class=\"content-area-description single-story post-657907 post type-post status-publish format-standard has-post-thumbnail hentry category-year-in-review-expansion tag-education tag-enterpriseam tag-hassan-allam-holding tag-real-estate tag-startups tag-year-in-review-expansion 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\/.be816ccf-171f-4b98-a8da-9ae183e88755.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>This past year saw many Egyptian companies step foot \u2014 or express interest in stepping <\/strong><strong>foot \u2014 in markets abroad. <\/strong>Between the FX crunch that saw many companies struggle to secure their imported materials, the float that ate away at companies\u2019 bottomline, the high interest rate environment, and the increasing opportunities to transfer Egyptian expertise abroad, local players had more than one reason to look into expanding abroad.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Below we recap some of the expansions and expansion plans announced in 2024<\/strong> across various sectors. <\/p>\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- TMG, Ora Developers are <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ba445512-9edb-4fab-88bc-ccad936ae7ff\/talaat-moustafa-group-readies-for-iraq-expansion\" style=\"\" rel=\"noopener\">heading to Iraq<\/a><\/strong><strong>:<\/strong> Local real estate giant Talaat Moustafa Group (TMG) began carrying out legal and technical procedures prior to an investment in Iraq. Meanwhile, Ora Developers inked an agreement with Iraqi authorities to set up \u2014 what is set to be the biggest residential complex in Iraq \u2014 Ali Al Wardi New City in Baghdad, where 120k residential units will be built.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- TMG also stepped foot into the Saudi market this year<\/strong> with its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1863d30d-e2c5-4721-8879-3f85b05ac31b\" style=\"\" rel=\"noopener\">Benan City project<\/a> that raked in over EGP 64 bn in sales.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Mountain View <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/44d3bb58-4d45-40aa-8114-ac3553330773\/tatweer-misr,-mountain-view-prepare-for-ksa-expansions\" style=\"\" rel=\"noopener\">announced it will step into the Saudi market<\/a><\/strong> by launching a project in partnership with Saudi developers Maya Real Estate Development and Investment and Al Saedan Real Estate. The local real estate player set its eyes on bringing in some SAR 2 bn with this project, which will include residential, commercial, and administrative projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Tatweer Misr is also <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/44d3bb58-4d45-40aa-8114-ac3553330773\/tatweer-misr,-mountain-view-prepare-for-ksa-expansions\" style=\"\" rel=\"noopener\">heading to Saudi Arabia<\/a><\/strong> through a JV with <a target=\"_blank\" href=\"https:\/\/nalrajhi.com\/\" style=\"\" rel=\"noopener\">Naif Alrajhi Investmen<\/a> t. The company is also studying 3-4 potential investments in Riyadh. Its ambitions also extend to Libya and Iraq, and will announce concrete plans early next year for expanding into Oman.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Wadi Degla Developments will be joining them,<\/strong> <strong>too<\/strong>, as the local real estate developer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a2d0b689-e055-458e-a147-05585521e779\/chinese-automaker-faw-to-return-to-the-market-with-new-local-agent.-plus:-arab-contractors,-orascom-investment,-icon,--wadi-degla-developments,-mg-development,-egypt-castings\" style=\"\" rel=\"noopener\">signed an MoU<\/a> with Saudi developer Miskan to collaborate on the Kingdom\u2019s first Wadi Degla Club Town project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- <\/strong><strong>Tabarak Holding<\/strong><strong> is another developer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c5179b13-e09f-4aef-9561-bde4693bba6d\/fitch-expects-a-5.5%25-y-o-y-increase-in-tourist-arrivals-next-year\" style=\"\" rel=\"noopener\">en route to the Kingdom<\/a><\/strong>, by acquiring new land in Saudi. The company is looking to respond to the growing demand for real estate. Tabarak also announced plans to enter new European markets in the future. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- <\/strong><strong>Palm<\/strong><strong> Hills step foot in the Saudi market this year:<\/strong> Real estate developer Palm Hills Developments (PHD) set up a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8b6adeb2-4542-420b-b461-22ebaca13fdb\/afdb-could-help-fund-egypt%e2%80%99s-1.1-gw-wind-farm\" style=\"\" rel=\"noopener\">Saudi branch<\/a> in August and tapped SODIC\u2019s former managing director Magued Sherif as its CEO.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#8- <\/strong><strong>Lasirena<\/strong><strong> to expand in UAE:<\/strong> Local real estate and tourism company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8f8e1b96-d2cc-42df-ace0-3cc09c1ed098\/cemex-inks-agreement-for-its-third-waste-to-energy-project.-plus:-visa-+-swypex,-bp,-lasirena-group-+-he-holding\" style=\"\" rel=\"noopener\">Lasirena Group is<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8f8e1b96-d2cc-42df-ace0-3cc09c1ed098\/cemex-inks-agreement-for-its-third-waste-to-energy-project.-plus:-visa-+-swypex,-bp,-lasirena-group-+-he-holding\" style=\"\" rel=\"noopener\">heading to Abu Dhabi<\/a> through a strategic alliance with Emirati conglomerate HE Holding. Lasierna also has plans to expand into several other countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CONSTRUCTION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hassan Allam <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/529852c8-47dd-4ff8-baad-01458f7e5599\/%253cmark%253ehassan-allam%253c%2Fmark%253e-group-sets-up-regional-hq-in-saudi-arabia\" style=\"\" rel=\"noopener\">inaugurated regional HQ<\/a><\/strong> <strong> in Riyadh in March after securing its investment license from the Saudi Investment Ministry. <\/strong>The new headquarters is part of the group\u2019s plan to expand across the Middle East and Africa. <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-%2B-empower,-abb-group\" style=\"\" rel=\"noopener\">Hassan Allam Utilities<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ffc610c1-c520-4c4e-a8b0-523143665f1f\" style=\"\" rel=\"noopener\">Hassan Allam Properties<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/f90b3b1d-41a0-4710-98d7-52469f8435f7\/hassan-allam-construction-saudi-will-develop-neom%E2%80%99s-container-terminal\" style=\"\" rel=\"noopener\">Hassan Allam Construction Saudi<\/a> all inked agreements for projects in the Kingdom this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** W<\/strong><strong>e dive into where construction firms are expanding<\/strong> and the obstacles they are facing in a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5e95a939-7f25-45dc-b1d1-3198c176d6a2\/local-construction-firms-are-expanding-abroad-%25e2%2580%2594-where-are-they-expanding-to-and-what-obstacles-are-they-facing%3F\" style=\"\" rel=\"noopener\">Hardhat<\/a> published earlier this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINANCIAL SERVICES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Thndr heads to UAE: <\/strong>Local digital investment platform Thndr <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e3e4e342-55eb-47d4-85a7-1bd6177480e0\/egyptian-investment-platform-thndr-is-hitting-the-emirati-market.-plus:-ci-capital-eyes-gcc-expansion\" style=\"\" rel=\"noopener\">received the greenlight<\/a> from the Abu Dhabi Global Market Financial Services Regulatory Authority to expand into the UAE market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- CI Capital is going to the GCC: <\/strong>Financial services group CI Capital <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e3e4e342-55eb-47d4-85a7-1bd6177480e0\/egyptian-investment-platform-thndr-is-hitting-the-emirati-market.-plus:-ci-capital-eyes-gcc-expansion\" style=\"\" rel=\"noopener\">announced its<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e3e4e342-55eb-47d4-85a7-1bd6177480e0\/egyptian-investment-platform-thndr-is-hitting-the-emirati-market.-plus:-ci-capital-eyes-gcc-expansion\" style=\"\" rel=\"noopener\">intentions earlier this year<\/a> to establish an \u201con-the-ground presence\u201d in the KSA and UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Non-banking financial services firm Contact Financial Holding <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/13c8fe0f-1cbd-43e6-8c83-262051a5b263\/palm-hills-to-embark-on-usd-300-mn-project-to-set-up-15-saudi-schools.-plus:-contact-financial,-brotinni,-isis-organic,-efg-hermes,-ayadi,-vacsera\" style=\"\" rel=\"noopener\">opened its first<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/13c8fe0f-1cbd-43e6-8c83-262051a5b263\/palm-hills-to-embark-on-usd-300-mn-project-to-set-up-15-saudi-schools.-plus:-contact-financial,-brotinni,-isis-organic,-efg-hermes,-ayadi,-vacsera\" style=\"\" rel=\"noopener\">branch in Dubai earlier this year<\/a><\/strong>, aiming to cater to Egyptian expats.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>Belmazad<\/strong><strong> wants to expand regionally:<\/strong> Digital auctioning platform Belmazad announced <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/799ab079-2074-40fb-b0f8-0602b7c1c509\/banque-misr-concludes-egypt%e2%80%99s-first-ever-public-sector-online-real-estate-auction-with-belmazad\" style=\"\" rel=\"noopener\">plans to expand in Middle Eastern and African countries<\/a> in the future. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>Paysky<\/strong><strong> is also heading to KSA:<\/strong> Local digital payment platform Paysky plans to partner with Saudi investors to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/806c9cb2-eef0-497a-9b53-1578c6b4524c\/scatec-secures-german-grant-for-the-egypt-green-hydrogen-plant\" style=\"\" rel=\"noopener\">expand into the Saudi market<\/a> in 1Q 2025 through its Yalla app. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- <\/strong><strong>Dopay<\/strong><strong> is looking to expand into <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1063306d-a6cf-44f8-9eea-958a85fb78bd\/egypt%e2%80%99s-first-micro-ins.-company\" style=\"\" rel=\"noopener\">Morocco, Saudi Arabia, and the UAE<\/a><\/strong><strong>:<\/strong> Local fintech startup Dopay is planning to expand across MENA markets in 2025, with a particular focus on Morocco, Saudi Arabia, and the UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EDUCATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- EFG Hermes <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f7294831-9f92-4268-a757-8a1c9eccb0ec\" style=\"\" rel=\"noopener\">launched a USD 300 mn<\/a><\/strong><strong> Saudi Education Fund this year. <\/strong>The fund plans to deploy USD 300 mn over the next three years, with a primary focus on the Kingdom, alongside its ventures in the UAE and Bahrain. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Palm Hills Developments will <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/13c8fe0f-1cbd-43e6-8c83-262051a5b263\/palm-hills-to-embark-on-usd-300-mn-project-to-set-up-15-saudi-schools.-plus:-contact-financial,-brotinni,-isis-organic,-efg-hermes,-ayadi,-vacsera\" style=\"\" rel=\"noopener\">develop up to 15 new schools<\/a><\/strong><strong> in KSA<\/strong> in partnership with Dallah Albaraka, with combined investments of USD 300 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Homegrown edtech startup Farid <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fc6c1bc2-d7ab-48dd-ad7f-a7f18c31fda0\/egyptian-edtech-platform-farid-secures-usd-250k-in-pre-seed-round\" style=\"\" rel=\"noopener\">secured USD 250k<\/a><\/strong><strong> to expand <\/strong>into Saudi Arabia and the UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">F&B-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- SEKEM subsidiary Isis Organic <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/13c8fe0f-1cbd-43e6-8c83-262051a5b263\/palm-hills-to-embark-on-usd-300-mn-project-to-set-up-15-saudi-schools.-plus:-contact-financial,-brotinni,-isis-organic,-efg-hermes,-ayadi,-vacsera\" style=\"\" rel=\"noopener\">announced plans to open two factories<\/a><\/strong><strong> in Saudi <\/strong><strong>Arabia and Algeria. <\/strong>Its facility in the North African nation is slated for operations in 1H 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Budget<\/strong><strong> supermarket chain Kazyon <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/33568309-a50d-4297-8ccf-e4f586fdbd17\/redrafted-labor-act-receives-provisional-approval-from-house-committee\" style=\"\" rel=\"noopener\">invested USD 144 mn to expand in Morocco.<\/a><\/strong> The company opened 120 stores in Morocco since beginning operations in the country in October 2023 and plans to open an additional 150 stores in the coming year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Local food solutions provider startup Brotinni <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/13c8fe0f-1cbd-43e6-8c83-262051a5b263\/palm-hills-to-embark-on-usd-300-mn-project-to-set-up-15-saudi-schools.-plus:-contact-financial,-brotinni,-isis-organic,-efg-hermes,-ayadi,-vacsera\" style=\"\" rel=\"noopener\">pencilled in expansion into KSA and<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/13c8fe0f-1cbd-43e6-8c83-262051a5b263\/palm-hills-to-embark-on-usd-300-mn-project-to-set-up-15-saudi-schools.-plus:-contact-financial,-brotinni,-isis-organic,-efg-hermes,-ayadi,-vacsera\" style=\"\" rel=\"noopener\">UAE in 3Q 2025<\/a><\/strong><strong>.<\/strong> The startup announced its plans shortly after accelerator and consulting firm Entlaq Holding <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/30ba38ca-fa9f-4841-8009-f0760ad3c01d\" style=\"\" rel=\"noopener\">acquired a minority stake<\/a> in the company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4 - <\/strong><strong>Spiro Spathis<\/strong><strong>\u2019 Mymco is also planning to expand into the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0b8badb1-0cef-4729-b6f6-f3f71f1b9dce\/\" style=\"\" rel=\"noopener\">Gulf through franchises<\/a><\/strong>, using the region as an export base for neighboring countries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Local digital shipping startup Nowlun <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0196f0a9-9cd7-4534-9f6f-987cf841d017\/nowlun-secures-usd-1.7-mn-in-seed-funding-round-to-drive-regional-expansion\" style=\"\" rel=\"noopener\">earmarked fresh funds for expansion<\/a><\/strong><strong> locally <\/strong><strong>and in the Saudi market<\/strong>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Supply chain tech startup Qara announced <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8df6ca40-0190-48ca-b0ee-3eea8485be2c\/egypt-born-startup-qara-secures-usd-2.6-mn-in-funding-to-drive-expansion\" style=\"\" rel=\"noopener\">it will expand its existing operations in<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8df6ca40-0190-48ca-b0ee-3eea8485be2c\/egypt-born-startup-qara-secures-usd-2.6-mn-in-funding-to-drive-expansion\" style=\"\" rel=\"noopener\">the Kingdom<\/a><\/strong> after securing USD 2.6 mn in funding. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Local<\/strong><strong> industrial machinery manufacturer Simplex is looking to expand in the region<\/strong>, with plans to step into <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ac3dd2d7-eed2-46ab-ae48-ab1dcceec3d5\/egyptian-investor-snaps-up-minority-stake-in-simplex\" style=\"\" rel=\"noopener\">three new countries<\/a> \u2014 Tunisia, Morocco, and Algeria. <\/p>\n\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\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hassan-allam-holding\/\">Hassan Allam Holding<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/year-in-review-expansion\/\">YEAR IN REVIEW \u2014 EXPANSION<\/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=\"657909\" 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=\"657909\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Automotive<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/govt-imposes-new-personal-car-import-rules-to-curb-usd-outflows-car-dealers-to-import-usd-1-8-bn-worth-of-cars-next-year\/\">\r\n                            Gov\u2019t imposes new personal car import rules to curb USD outflows + Car dealers to import USD 1.8 bn worth of cars next 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 href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/govt-imposes-new-personal-car-import-rules-to-curb-usd-outflows-car-dealers-to-import-usd-1-8-bn-worth-of-cars-next-year\/\" 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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/govt-imposes-new-personal-car-import-rules-to-curb-usd-outflows-car-dealers-to-import-usd-1-8-bn-worth-of-cars-next-year\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/govt-imposes-new-personal-car-import-rules-to-curb-usd-outflows-car-dealers-to-import-usd-1-8-bn-worth-of-cars-next-year\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Gov\u2019t imposes new personal car import rules to curb USD outflows + Car dealers to import USD 1.8 bn worth of cars next year&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/govt-imposes-new-personal-car-import-rules-to-curb-usd-outflows-car-dealers-to-import-usd-1-8-bn-worth-of-cars-next-year\/\">\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\/29\/govt-imposes-new-personal-car-import-rules-to-curb-usd-outflows-car-dealers-to-import-usd-1-8-bn-worth-of-cars-next-year\/&title=Gov\u2019t imposes new personal car import rules to curb USD outflows + Car dealers to import USD 1.8 bn worth of cars next year\">\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=Gov%E2%80%99t+imposes+new+personal+car+import+rules+to+curb+USD+outflows+%2B+Car+dealers+to+import+USD+1.8+bn+worth+of+cars+next+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F12%2F29%2Fgovt-imposes-new-personal-car-import-rules-to-curb-usd-outflows-car-dealers-to-import-usd-1-8-bn-worth-of-cars-next-year%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\/29\/govt-imposes-new-personal-car-import-rules-to-curb-usd-outflows-car-dealers-to-import-usd-1-8-bn-worth-of-cars-next-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2410.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"657910\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/govt-imposes-new-personal-car-import-rules-to-curb-usd-outflows-car-dealers-to-import-usd-1-8-bn-worth-of-cars-next-year\/2410-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2410.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2410.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2410.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2410.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657909\" class=\"content-area-description single-story post-657909 post type-post status-publish format-standard has-post-thumbnail hentry category-automotive tag-automotive tag-enterpriseam tag-foreign-exchange tag-investment 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\/.be816ccf-171f-4b98-a8da-9ae183e88755.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>New regulations for importing cars: <\/strong>The Investment Ministry has issued a decision introducing new restrictions on personal car imports to limit USD outflows and support the localization of the auto industry. The decision caps personal imports at one car every five years and under it importers must provide proof of financial solvency and make the payment through an Egyptian bank. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fine print: <\/strong>Only diplomats and Egyptians living abroad are allowed to pay for vehicles from outside the country. The rules exempt vehicles already at ports or with completed payments, as well as cars imported by embassies and select international organizations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Car dealers weren\u2019t happy: <\/strong>Sources told EnterpriseAM that Investment Minister Hassan El Khatib last week met with car dealers to discuss the amount of cars they are looking to import throughout next year, with talks suggesting <strong>car dealers will import cars worth some USD 1.8 bn next year<\/strong>. Dealers also raised alarms over personal import loopholes being exploited to bring in luxury cars for resale, skirting commercial rules and draining foreign currency reserves.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The latest in a number of steps taken:<\/strong> The Madbouly government has been working to close a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/52686cb5-42b5-4f0d-9960-611c7d5304f7\/egypt%25e2%2580%2599s-address-to-the-un-security-council-on-the-gerd-dominated-airwaves-sunday\" style=\"\" rel=\"noopener\">loophole<\/a> that some have used to import cars without paying the necessary fees. Earlier this year, the cabinet <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7dacc3f9-f20d-4a72-a542-4542d2ff95c5\/new-amendments-make-it-tougher-to-take-advantage-of-car-import-facilities-for-those-with-disabilities\" style=\"\" rel=\"noopener\">approved a draft decision<\/a> to amend the executive regulations of the law that governs the rights of people with disabilities, changing up the vehicle import system for those with disabilities, and making it more difficult for people to abuse.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new rules are being positioned as part of broader efforts to encourage local <\/strong><strong>automotive manufacturing. <\/strong>A government source described the regulations as \u201cgovernance for the sector\u201d and a necessary step to streamline the market while fostering investments in domestic production. \u201cWe are seeing real progress in this area,\u201d the source noted, reflecting optimism about the government\u2019s localization strategy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>The Madbouly government has been working overtime in efforts to localize the auto industry, most recently introducing the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a06d4ec-4025-490e-8842-45c8a9fe0d8a\" style=\"\" rel=\"noopener\">Egyptian Automotive Industry Development Program<\/a>, which will offer incentives to auto players with the aim of localizing the industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** READ MORE: <\/strong>We dive deeper into the efforts to localize Egypt\u2019s auto industry in an Inside Industry published earlier this year. Check out the story <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c1ed2652-13a2-4dbb-ad35-647e35adcae1\" style=\"\" rel=\"noopener\">here<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A chance to rebalance the market:<\/strong> Egyptian Automotive Dealers Association head Osama Abo El Magd told us that the move will rebalance the market and put an end to consumers playing car dealers \u2014 consumers have been profiting from unregulated imports at the expense of licensed agents and dealers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Price hikes on the horizon?<\/strong> Montasser Zaytoon, member of the FEDCOC\u2019s auto division, told EnterpriseAM that he expects car prices to climb next year as stricter car import rules reduce competition. He cautioned that supply shortages could fuel a resurgence of agents overpricing vehicles. <\/p>\n\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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-exchange\/\">foreign exchange<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment\/\">investment<\/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=\"657911\" 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=\"657911\">\r\n            \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\">FINANCIAL SERVICES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/flend-secures-egypts-first-digital-nbfi-license-for-sme-finance\/\">\r\n                            Flend secures Egypt\u2019s first digital NBFI license for SME finance                        <\/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\/29\/flend-secures-egypts-first-digital-nbfi-license-for-sme-finance\/\" 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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/flend-secures-egypts-first-digital-nbfi-license-for-sme-finance\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/flend-secures-egypts-first-digital-nbfi-license-for-sme-finance\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Flend secures Egypt\u2019s first digital NBFI license for SME finance&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/flend-secures-egypts-first-digital-nbfi-license-for-sme-finance\/\">\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\/29\/flend-secures-egypts-first-digital-nbfi-license-for-sme-finance\/&title=Flend secures Egypt\u2019s first digital NBFI license for SME finance\">\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=Flend+secures+Egypt%E2%80%99s+first+digital+NBFI+license+for+SME+finance+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F12%2F29%2Fflend-secures-egypts-first-digital-nbfi-license-for-sme-finance%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\/29\/flend-secures-egypts-first-digital-nbfi-license-for-sme-finance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2388.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"657912\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/flend-secures-egypts-first-digital-nbfi-license-for-sme-finance\/2388-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2388.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2388.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2388.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2388.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657911\" class=\"content-area-description single-story post-657911 post type-post status-publish format-standard has-post-thumbnail hentry category-financial-services tag-enterpriseam tag-financial-regulatory-authority tag-financial-services tag-non-banking-financial-services tag-smes 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\/.be816ccf-171f-4b98-a8da-9ae183e88755.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Flend receives Egypt\u2019s first digital NBFI license for SMEs:<\/strong> Small and medium enterprises-focused financing solutions platform <a target=\"_blank\" href=\"https:\/\/flend.io\/\" style=\"\" rel=\"noopener\">Flend<\/a> secured the Financial Regulatory Authority\u2019s (FRA) first digital NBFI license for SME finance, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/2378.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/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>Flend? <\/strong>The company offers tech enabled, data driven financing solutions to SMEs in Egypt. \u201cBy introducing innovative digital contracts and e-signatures, Flend is revolutionizing how SMEs access financing, setting a new standard in the industry,\u201d the release read. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The license will allow Flend to provide access to affordable local bank funding<\/strong> and competitive financing rates, while maintaining strong governance and legal recourse on borrowers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strong backing:<\/strong> The digital platform is backed by Plus VC, Banque Misr, Digital Finance Holding, as well as prominent family offices in the region.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cOur strategy at Flend is to transform the SME financing landscape by addressing critical need for fair, fast and flexible SME financing, leveraging proprietary technology to provide seamless onboarding, advanced risk assessments, and efficient loan disbursements,\u201d co-founder Nehal Helmy said. <\/p>\n\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\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-services\/\">financial services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/non-banking-financial-services\/\">non-banking financial services<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/smes\/\">SMEs<\/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=\"657913 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=\"657913\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/657913\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657913\" class=\"content-area-description single-story post-657913 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:\/\/www.sodic.com\/SodicContactUs\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1921.jpg?ssl=1\"><\/a><\/span><\/p>\n\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=\"657914\" 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=\"657914\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/finmin-deputy-shares-fresh-details-on-the-customs-on-imported-mobile-phones\/\">\r\n                            FinMin deputy shares fresh details on the customs on imported mobile phones                        <\/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\/29\/finmin-deputy-shares-fresh-details-on-the-customs-on-imported-mobile-phones\/\" 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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/finmin-deputy-shares-fresh-details-on-the-customs-on-imported-mobile-phones\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/finmin-deputy-shares-fresh-details-on-the-customs-on-imported-mobile-phones\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=FinMin deputy shares fresh details on the customs on imported mobile phones&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/finmin-deputy-shares-fresh-details-on-the-customs-on-imported-mobile-phones\/\">\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\/29\/finmin-deputy-shares-fresh-details-on-the-customs-on-imported-mobile-phones\/&title=FinMin deputy shares fresh details on the customs on imported mobile phones\">\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=FinMin+deputy+shares+fresh+details+on+the+customs+on+imported+mobile+phones+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F12%2F29%2Ffinmin-deputy-shares-fresh-details-on-the-customs-on-imported-mobile-phones%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\/29\/finmin-deputy-shares-fresh-details-on-the-customs-on-imported-mobile-phones\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2382.png?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"657915\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/finmin-deputy-shares-fresh-details-on-the-customs-on-imported-mobile-phones\/2382-png-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2382.png?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2382.png\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2382.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2382.png?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657914\" class=\"content-area-description single-story post-657914 post type-post status-publish format-standard has-post-thumbnail hentry category-last-nights-talk-shows tag-customs tag-enterpriseam tag-last-nights-talk-shows tag-trade 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\/.be816ccf-171f-4b98-a8da-9ae183e88755.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Learning more about the new fees on phones imported through unofficial channels:<\/strong> Deputy Finance Minister for Taxes Sherif Al Kilani virtually joined El Hekaya\u2019s Amr Adib (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=iS9FqxnJ10E\" style=\"\" rel=\"noopener\">watch, runtime: 14:20<\/a>) to explain the mechanism of applying the newly-introduced customs and tax fees on mobile phones imported through unofficial channels. <\/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>ICYMI- <\/strong>Imported mobile phones <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b4dd8203-fbef-4b21-a7e1-fede50d77192\/imported%253cmark%253e-mobile%253c%2Fmark%253e-phones-could-see-customs-and-tax-fees-totalling-37.5%2525\" style=\"\" rel=\"noopener\">will be subject to customs and tax fees<\/a> totaling 38.5% \u2014 including a 5% development fee tax \u2014 as part of incoming government regulations to support the country\u2019s mobile phone manufacturing localization efforts. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A 90-day window: <\/strong>Every person coming from abroad will be allowed to enter the country with their personal mobile phone, while every additional phone on the person will be subject to the new fees, Al Kilani said. If the fee is not settled within 90 days of entering the country the phone will be disconnected from network services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But why? <\/strong>Some 95% of the mobile devices entering the country bypass official channels, Al Kilani said. \u201cThis results in an estimated monthly loss of USD 100 mn in uncollected customs.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO ON THE AIRWAVES- <\/strong>Adib covered (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=b4Y1vO2KcwU\" style=\"\" rel=\"noopener\">watch, runtime: 18:05<\/a>) last week\u2019s meeting between Prime Minister <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1eeb01ee-8ac8-44d4-bf2d-48d26da8b751\/madbouly,-private-sector-heavyweights-discuss-challenges,-propose-solutions\" style=\"\" rel=\"noopener\">Moustafa Madbouly and private sector heavyweights<\/a> where they discussed the challenges facing the private sector and the measures private sector players want from the state in the years to come. Finally, \u201csomeone is speaking out and the government is listening,\u201d Adib said, calling the government to \u201clet the people speak up\u201d and exit the economy in favor of the private sector. \u201cWe need to see the private sector in charge of 70% of the economy,\u201d he added. <\/p>\n\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\/customs\/\">customs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"657916\" 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=\"657916\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/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\/29\/suez-steel-to-operate-two-dry-bulk-berths\/\">\r\n                            Suez Steel to operate two dry bulk berths                        <\/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\/29\/suez-steel-to-operate-two-dry-bulk-berths\/\" 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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/suez-steel-to-operate-two-dry-bulk-berths\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/suez-steel-to-operate-two-dry-bulk-berths\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Suez Steel to operate two dry bulk berths&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/suez-steel-to-operate-two-dry-bulk-berths\/\">\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\/29\/suez-steel-to-operate-two-dry-bulk-berths\/&title=Suez Steel to operate two dry bulk berths\">\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=Suez+Steel+to+operate+two+dry+bulk+berths+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F12%2F29%2Fsuez-steel-to-operate-two-dry-bulk-berths%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\/29\/suez-steel-to-operate-two-dry-bulk-berths\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2384.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"657917\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/suez-steel-to-operate-two-dry-bulk-berths\/2384-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2384.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2384.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2384.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2384.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657916\" class=\"content-area-description single-story post-657916 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam tag-logistics tag-suez-canal-economic-zone 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\/.be816ccf-171f-4b98-a8da-9ae183e88755.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Suez Steel to operate and maintain dry bulk berths <\/strong>at Adabiya Port under a USD 120 mn preliminary agreement inked with the Suez Canal Economic Zone, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/SCZONE.EG\/posts\/pfbid02TqWVhZPgruMgj9YkbgzkKpSWWCWbBAC5QjpRAF1aaMQCwsvKyjvV9a7Vw4Vp45epl\" style=\"\" rel=\"noopener\">statement<\/a>. The two berths will have an initial capacity of 5 mn tons of dry bulk annually, with plans to double capacity to 10 mn tons in five years.<\/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\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\/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\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-economic-zone\/\">Suez Canal Economic Zone<\/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=\"657918\" class=\"issue-section markets\">\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=\"657918\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/india-is-on-track-to-become-second-biggest-ipo-market-in-2024\/\">\r\n                            India is on track to become second biggest IPO market in 2024                        <\/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\/29\/india-is-on-track-to-become-second-biggest-ipo-market-in-2024\/\" 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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/india-is-on-track-to-become-second-biggest-ipo-market-in-2024\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/india-is-on-track-to-become-second-biggest-ipo-market-in-2024\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=India is on track to become second biggest IPO market in 2024&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/india-is-on-track-to-become-second-biggest-ipo-market-in-2024\/\">\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\/29\/india-is-on-track-to-become-second-biggest-ipo-market-in-2024\/&title=India is on track to become second biggest IPO market in 2024\">\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=India+is+on+track+to+become+second+biggest+IPO+market+in+2024+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F12%2F29%2Findia-is-on-track-to-become-second-biggest-ipo-market-in-2024%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\/29\/india-is-on-track-to-become-second-biggest-ipo-market-in-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/839.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"657919\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/29\/india-is-on-track-to-become-second-biggest-ipo-market-in-2024\/839-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/839.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"839.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/839.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/839.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657918\" class=\"content-area-description single-story post-657918 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam tag-financial-markets tag-planet-finance 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\/.be816ccf-171f-4b98-a8da-9ae183e88755.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> India has surpassed China as top market for company listings in Asia this year<\/strong>, after the value of listings in China fell some 86% this year from USD 48 bn last year, when it was the biggest market in the region, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/24d8bd5a-7003-49c3-90b7-e2c6cda61de3\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports. Buoyant stock valuations of Indian equities fueled a surge in initial public offerings, with India\u2019s National Stock Exchange surpassing both Dubai\u2019s Nasdaq and the Hong Kong Stock Exchange in primary listings by value, according to Dealogic and KPMG, putting it on track to become the world\u2019s second-largest equity fundraising market, trailing only after the US.<\/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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the shift: <\/strong>India\u2019s IPO boom has been driven by smaller transactions and spin-offs from multinational companies like Hyundai, as issuers rush to lock in valuations while market conditions remain favorable, the salmon-coloured paper said. \u201cIt\u2019s been one of the busiest times in the history of Indian capital markets,\u201d Kotak Investment Banking managing director V Jayasankar said, noting that the trend has been bolstered by significant household investments into local equity markets.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This shift reflects broader changes in Asian financial markets: <\/strong>Economic headwinds and tighter regulations designed \u201cto achieve balance between primary and secondary market\u201d have led to a slump in China\u2019s IPO activity, stalling many companies\u2019 plans to go public, BNP Paribas strategist Scarlett Liu said. On the other hand, Hong Kong has emerged as a bright spot, with equity raising surpassing USD 10 bn, led by high-profile transactions like Midea\u2019s USD 4 bn secondary listing and supported by its appeal as an offshore financial hub for Chinese firms. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Is India a bubble waiting to burst? <\/strong>\u201cObviously the number of transactions has gone up but the average ticket size per transaction is down about 75-80% in the last two years,\u201d said one Mumbai-based banker. \u201cNow, what that tells me is [companies are thinking] \u2018run for the hills, let\u2019s try to cash in as quickly as we can, whatever we can while market conditions remain supportive.\u2019\u201d The country\u2019s reporting weaker corporate earnings and slower GDP growth \u2014 with growth falling sharply to 5.4% in 3Q 2024 \u2014 which has raised concerns among foreign portfolio managers of a potentially frothy market, prompting them to pull some USD 11 bn from Indian equities in October and USD 2.5 bn in November.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Local bankers disagree<\/strong>, with many citing a healthy pipeline of IPOs and ample liquidity as signs that the market is still healthy with a lot of activity expected in the first half of 2025. <\/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\">29,958<\/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: +20.3%)<\/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>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 50.82<\/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 50.95<\/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>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 50.82<\/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 50.92<\/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\">11,859<\/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: -0.6%)<\/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>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\">9,328<\/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: -2.6%)<\/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>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\">5,130<\/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: +26.4%)<\/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>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\">5,971<\/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: +25.2%)<\/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>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\">8,150<\/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: +5.4%)<\/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>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\">4,899<\/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: +8.4%)<\/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>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 74.17<\/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\">+1.2%<\/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 3.38<\/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\">+1.9%<\/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>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 2,632<\/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%<\/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>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 95,197<\/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\">+0.7% (YTD: +125.0%)<\/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 0.2% at Thursday\u2019s close<\/strong> on turnover of EGP 1.8 bn (55.1% below the 90-day average). Regional investors were the sole net sellers. The index is up 20.3% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Juhayna (+2.5%), E-finance (+2.2%), Alexandria Container and Cargo Handling Co (+1.9%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Beltone Holding (-2.2%), Elsewedy Electric (-2.1%), and B Investments Holding (-1.5%).<\/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\/financial-markets\/\">Financial Markets<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"657920\" 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\/29\/657920\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657920\" class=\"content-area-description single-story post-657920 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\">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:700;\">JANUARY <\/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>8 January (Wednesday): Trilateral summit between Cyprus, Greece, and Egypt in Cairo to focus on energy, regional security, economy, and technology<\/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>15 January (Wednesday): Launch of Egypt\u2019s first joint-stock ship waste management company in Port Said.<\/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>Early January 2025: Health Ministry finalizes <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/almalnews.com\/premium\/%d9%88%d8%b2%d9%8a%d8%b1-%d8%a7%d9%84%d8%b5%d8%ad%d8%a9-%d8%aa%d9%88%d9%82%d9%8a%d8%b9-%d8%a7%d9%84%d8%b9%d9%82%d9%88%d8%af-%d9%85%d8%b9-%d8%ac%d9%88%d8%b3%d8%aa%d8%a7%d9%81-%d8%b1%d9%88%d8%b3\/\" style=\"\">partnership<\/a><\/span><span style=\"font-weight:400;\"> with Gustave Roussy to operate Dar El Salam Hospital.<\/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;\">January: Building permit applications in Egypt's new cities will go online<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">January 2025: Accor Group to open <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bea8025f-3500-43b2-a52b-7fb163b6dca1\/hospitality-players%25e2%2580%2599-egp-50-bn-subsidized-loan-program-goes-live.-plus:-news-from-accor,-air-cairo,-somabay#:~:text=%232%2D%20Cairo%20will,Touristic%20Investments.\" style=\"\">Sofitel Cairo Downtown Nile<\/a><\/span><span style=\"\">, the world\u2019s largest Sofitel.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">January 2025: <\/span><span style=\"\">Egyptian National Railways to launch <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a5b18396-d29e-4fda-a993-159bb11cd9e1\/railway-authority-to-launch-tender-for-tanta-damietta-line-development-next-year#:~:text=ENR%20to%20launch,to%20the%20sources.\" style=\"\">tender for Tanta-Mansoura-Damietta railway line upgrades<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">January 2025: Food products will <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0c63a1e3-9d75-4490-864e-ba087d245a77\/egypt-wants-to-localize-the-manufacture-of-12-products#:~:text=AND%2D%20Shaking%20up%20the%20F%26B%20sector%3A%20Food%20products%20will%20require%20food%20safety%20and%20validity%20certificates%20from%20the%20National%20Food%20Safety%20Authority%20(NFSA)%20starting%20January%202025.\" style=\"\">require food safety and validity certificates<\/a><\/span><span style=\"font-weight:400;\"> from the National Food Safety Authority (NFSA)<\/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 style=\"font-weight:700;\">FEBRUARY <\/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 style=\"font-weight:400;\">2 February: Energy Day Conference, Cairo, 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>20 February (Thursday): Monetary Policy Committee's first meeting.<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">February 2025: BP to bring the second well of its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ac665409-aa60-44ba-83ae-d2d40e48071f\/bp-to-invest-usd-400-mn-in-two-new-wells.-plus:-agiba,-pickalbatros,-juba,-alexandria-port-authority,-el-araby-group,-carbon-credits\" style=\"\">Raven natural gas project online<\/a><\/span><span style=\"font-weight:400;\">, with additional production capacity expected<\/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;\">MARCH <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>March 2025: Operation of phase one of the <\/span><span>Amotope <\/span><span style=\"font-weight:400;\">wind farm <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">March 2025:<\/span> <span style=\"\">Alwaad Investment to inaugurate a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c5031e5a-8dff-46e0-bd09-d3c8e84310be\/zafarana-wind-farm-sale-pushed-back%3F-plus:-news-from-eastern-company,-rameda,-fawry#:~:text=%233%2D%20A%20new,the%20local%20market.\" style=\"\">new cold beverage plant<\/a><\/span><span style=\"font-weight:400;\"> with an annual production capacity of 14.5 mn units<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">March 2025: Al Ahly Sabbour to finalize <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0410565f-2df4-43e1-848d-263a4719dd75\/al-ahly-sabbour-plans-to-offer-up-to-a-25%2525-stake-on-the-egx\" style=\"\">preparations for its EGX listing<\/a><\/span><span style=\"font-weight:400;\">, offering 20-25% of its shares, with an advisor to be tapped 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=\"\">March-April 2025: The government plans to start <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/853171ea-6141-4c0e-ab99-26af50b09d5d\/%253cmark%253ecapital%253c%2Fmark%253e%253cmark%253e-gains%253c%2Fmark%253e-taxes-incoming-in-2025#:~:text=%231%2D%20Gov%E2%80%99t%20to%20collect%20capital%20gains%20tax%20starting%202025%3A%20The\" style=\"\">collecting taxes on capital gains from EGX transactions<\/a><\/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;\">APRIL <\/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>17 April 2025 (Thursday): Monetary Policy Committee\u2019s second meeting<\/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;\">28-30 April 2025 (Monday-Wednesday): FDC Regional Digital Industry Summit will launch cybersecurity index. <\/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=\"\">April 2025: Egypt to launch trial operations of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4bb189ba-8a2b-4095-a555-fe8304a1b252#:~:text=Egypt%2DSaudi%20electricity%20interconnection%20set%20to%20launch\" style=\"\">first phase of its USD 1.8 bn Egypt-Saudi electricity interconnection project<\/a><\/span><span style=\"font-weight:400;\">, ahead of schedule<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">April 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/25529e2f-6b21-4444-b88c-dc0b93cf0b1d#:~:text=Tahya%20Misr%201%20container,in%202027%2C%20Madbouly%20added.\" style=\"\">Tahya Misr 1 container terminal to begin operations<\/a><\/span><span style=\"font-weight:400;\">, adding 3.5 mn container capacity to the port.<\/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 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22 May 2025 (Thursday): Monetary Policy Committee\u2019s third meeting<\/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;\">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:400;\">May 2025: 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:700\">JUNE<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">June 2025: MPs approve<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c8403a52-d1a1-4538-9174-5628aafc0aaa\/egypt-wants-to-attract-usd-4-bn-in-renewable-investments-next-year#:~:text=%231%2D%20MPs%20approve%20amendments%20to%20tax%20dispute%20resolution%3A\" style=\"\">extension of tax dispute resolution window until 30 June 2025<\/a><\/span><span style=\"font-weight:400;\">, with potential for further extension<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">June 2025: Nissan and Honda finalise talks about <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3acbf07a-b62d-4bfc-9831-0ee12e3f5947\/honda,-nissan,-and-mitsubishi-eye-potential-usd-58-bn-merger-amid-rising-ev-competition%5C\" style=\"\">possible merger to create the world\u2019s third largest automobile company<\/a><\/span><span style=\"font-weight:400;\"> by sales. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">June 2025:<\/span> <span style=\"\">Coficab to complete its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3b26ecf0-9b2a-4737-9048-f6ff0830719c\/madbouly-cabinet-approves-redrafted-labor-act-during-its-weekly-meeting#:~:text=%234%2D%20And%20another%20one%20for%20Coficab%3A%20Cabinet%20also%20approved\" style=\"\">USD 88 mn automotive cable and electrical factory<\/a><\/span><span style=\"font-weight:400;\"> in Tenth of Ramadan 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;\">JULY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10 July 2025 (Thursday): Monetary Policy Committee\u2019s fourth meeting<\/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>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=\"\">July 2025: Etihad Airways to launch <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fc282ccf-4479-442d-b6ad-1bbf1f31f4b3\/halliburton-to-bring-four-wells-online-by-december.-plus:-news-from-medcom-aswan,-fra,-q-developments,#:~:text=%232%2D%20Etihad%20Airways%20launches%20flights%20to%20Alamein%3A%20UAE%E2%80%99s%20Etihad%20Airways%20will%20launch%20twice%2Dweekly%20flights%20to%20Alamein%20starting%20July%202025.\" style=\"\">twice-weekly flights to Alamein<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">July 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/361907e6-fffa-41dc-a4f8-95ecd318388a\/israel-to-up-tamar-gas-exports-to-egypt-by-4-bn-cubic-meters-per-year-over-the-next-decade#:~:text=We%E2%80%99re,the%20Israeli%20outlet.\" style=\"\">Israel to begin increasing gas exports to Egypt from Chevron\u2019s offshore Tamar field<\/a><\/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;\">AUGUST <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28 August 2025 (Thursday): Monetary Policy Committee\u2019s fifth meeting<\/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>August 2025: Tourism Development Authority to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5a9f59c5-87cd-41d0-a92d-546cb0333b03\/gov%25e2%2580%2599t-offers-up-seven-airport-investments#:~:text=%231%2D%20Tourism%20authority,the%20tourism%20sector.\" style=\"\">waive late payment penalties<\/a><\/span><span> for land purchases if full installments are paid<\/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\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">September 2025: Egypt Education Platform (EEP) to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e1e93e97-a640-4519-9bdc-69be48815b08\/education-platform-epp-wants-to-set-up-two-schools-in-alexandria-and-soma-bay-by%253cmark%253e-2025%253c%2Fmark%253e\" style=\"\">launch two new schools in Alexandria and Somabay<\/a><\/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\">September 2025:<\/span><span style=\"\"> Egypt Otsuka\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/951a0387-415a-4039-83bb-955ab4e7a746\/otsuka-breaks-ground-on-new-usd-40-mn-factory-in-egypt\" style=\"\">nutritional products factory<\/a><\/span><span style=\"font-weight:400;\"> in Tenth of Ramadan to begin operations, with exports to Gulf countries expected by January 2026<\/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\">OCTOBER<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2 October 2025 (Thursday): Monetary Policy Committee\u2019s sixth meeting<\/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:700\">NOVEMBER<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20 November 2025 (Thursday): Monetary Policy Committee\u2019s seventh meeting<\/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:700\">DECEMBER<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25 December 2025 (Thursday): Monetary Policy Committee\u2019s eighth meeting<\/span><span>.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">December 2025: Taqa Arabia and Voltalia to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d3ee0dc0-c392-499e-bfd5-3d2ae4d554bb\/taqa-arabia-voltalia-consortium-and-the-uae%25e2%2580%2599s-alcazar-could-set-up-5.2-gw-worth-of-egyptian-renewables-projects\" style=\"\">complete studies for repowering the 545-MW Zafarana wind farm<\/a><\/span><span style=\"font-weight:400;\"> with 1.1 GW of wind and 2.1 GW of solar power<\/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=\"\">Early 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0b97fcf-95b0-4d39-86ae-0a4989221520\/adq-acquires-development-rights-to-ras-el-hekma-for-usd-24-bn,-will-invest-a-further-usd-11-bn-in-real-estate-and-other-prime-projects\" style=\"\">ADQ to break ground on the development of Ras El Hekma<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">Early 2025: Al Ismaelia to begin working on <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b37e1b41-d466-4798-8101-be91fafecef6\/al-ismaelia-to-complete-two-new-downtown-hotels-by%253cmark%253e-2025%253c%2Fmark%253e.-plus:-egpc-goes-solar,-cib-%2B-ostuka,-noornation-%2B-kbw-ventures,-radwan,-rowan-university-heads-to-the-nac#:~:text=Al%20Ismaelia%20has,2025%2C%20Shafei%20added.\" style=\"\">two new hotels and hotel apartments in Downtown Cairo<\/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;\">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=\"\">Early 2025: The Suez Canal Authority to launch <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0f20e8b9-2a88-4d84-9c4c-cbb7083d24eb\/imf-trims-egypt%25e2%2580%2599s-growth-outlook#:~:text=We%20have%20a,earmarked%20for%20privatization.\" style=\"\">an IPO for the Canal Company for Mooring and Lights<\/a><\/span><span style=\"font-weight:400;\"> (CCML) 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=\"\">Early 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e62aec66-2613-4f71-9123-22586a5cce98\/al-safy-to-invest-usd-80-mn-to-develop-its-television,-smartphone-production-lines.-plus:-exeed,-mineral-resources-authority,-raya-holding-%2B-helios,-ict-misr,-orange-egypt#:~:text=Orange%20Egypt%20pencils,services%2C%20he%20added.\" style=\"\">Orange Egypt to launch 5G services<\/a><\/span><span style=\"font-weight:400;\">, with EGP 10 bn planned for network upgrades.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">Early 2025: BP to begin drilling at the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0cac749b-5323-4523-afd4-ba3bf8f3ba46\" style=\"\">King Mariout Offshore<\/a><\/span><span style=\"font-weight:400;\"> concession.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">Early 2025: Jinbei Royal Egypt to begin <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3cba7dcd-b25c-4d88-9138-43dd0522d390\/chinese-automaker-jinbei-to-launch-local-assembly-through-its-local-agent\" style=\"\">local assembly of 3k Jinbei vehicles<\/a><\/span><span style=\"\">, including the country\u2019s first electric cargo van and microbus<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1Q 2025: The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid025sMRLrhcNpivREmMd3LhFUkW4P5Yv4fKpqtKEu5sg9HmkSaBvkA4cszq6mVRBUbbl&id=61562245173260\" style=\"\">Egyptian-Italian business forum<\/a><\/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: Investment Minister Hassan El Khatib to visit 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: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=\"\">1Q 2025: Egypt to sign trade <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1d75eae1-5784-4b33-b5cd-166686c5eb59\/egypt-to-ink-agreements-with-bahrain,-uae-to-cut-customs-clearance-time#:~:text=Egypt%20to%20sign%20trade%20agreements%20with%20Bahrain%20and%20UAE%20to%20cut%20customs\" style=\"\">agreements<\/a><\/span><span style=\"font-weight:400;\"> with Bahrain and UAE to slash customs clearance times<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: Government to launch <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f8a63b78-cc61-4e81-ba01-aeac0b96e5e4\/halliburton-could-invest-more-in-egypt%25e2%2580%2599s-energy-sector#:~:text=The%20government%20is%20set%20to%20launch%20a%20EUR%20271%20mn%20green%20industry%20program%20in\" style=\"\">EUR 271 mn green industry program<\/a><\/span><span style=\"font-weight:400;\"> to cut emissions<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87b399ed-19f9-4ab0-a6f7-b1bcf5897fb8\/egypt-rejects-reports-it-asked-imf-to-up-its-next-loan-trance-by-an-extra-usd-700-mn#:~:text=%232%2D%20Egypt%2DAzerbaijan%20joint%20committee%20to%20meet%20in%201Q\" style=\"\">Egypt-Azerbaijan joint committee<\/a><\/span><span style=\"font-weight:400;\"> to meet to bolster trade and investment ties <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: Turkish Automotive Manufacturers Association and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c8403a52-d1a1-4538-9174-5628aafc0aaa\/egypt-wants-to-attract-usd-4-bn-in-renewable-investments-next-year#:~:text=Turkish%20auto%20and,ministry%20statement.\" style=\"\">Turkish Contractors Association to visit Egypt<\/a><\/span><span style=\"font-weight:400;\"> following an invitation from the Investment Minister<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: One of four companies, including Abu Qir Fertilizers, Mopco, Egyptian Petrochemicals Holding Company, and a Saudi-affiliated firm, to be selected for the USD 450 mn <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1da96967-4d91-4b80-a568-ed44adb745ba\/companies-line-up-to-revive-delta-fertilizers\" style=\"\">redevelopment of Delta Fertilizers<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: GV Auto to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4a7352ec-4728-4d25-996c-f388b1e738c9\/egypt-to-start-manufacturing-faw-evs-in-less-than-a-year.-plus:-pharma,-commodities,-telecom-news\" style=\"\">begin local production of FAW Group\u2019s cheapest EV<\/a><\/span><span style=\"font-weight:400;\"> model.<\/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: Alkan Auto to launch BAIC subsidiary Arcfox\u2019s EVs to the market.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: Dynamic Distribution to launch a new <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/88db01cc-18d1-4f8d-a925-4d8594715f56\/electricity-ministry-sets-offtake-prices-for-stored-solar-energy.-plus:-knauf-%2B-hassan-allam-construction,-siemens,-dynamic-distribution,-aton#:~:text=Dynamic%20to%20open%20Fiat%27s%20largest%20regional%20service%20center%3A\" style=\"\">competitively-priced Fiat model<\/a><\/span><span style=\"font-weight:400;\"> in Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: BP to drill <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/05de06d7-c056-4645-86e6-cceb7c1ce879\/aton-resources-to-launch-gold-extracting-and-processing-facility-in-2026.-plus:%253cmark%253e-bp%253c%2Fmark%253e-to-drill-two-new-wells,-sabbour-consulting-expands-to-ksa,-british-council-promotes-inclusion#:~:text=BP%20to%20drill%20two%20more%20exploratory%20wells%20in%20January%3A%20Global%20energy%20giant%20BP%20is\" style=\"\">two USD 160 mn exploratory gas wells<\/a><\/span><span style=\"font-weight:400;\"> in the West Delta.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: Port Said for Engineering Works to begin construction on a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6da06cef-ea3c-4e34-9f11-2034609a68d3\/port-said-for-engineering-works-to-build-usd-80-mn-foil-factory.-plus:-turkish,-chinese-investors-invest-usd-50-mn-in-sanitary-ware-production-in-egypt\" style=\"\">USD 80 mn aluminum foil factory in the SCZone<\/a><\/span><span style=\"font-weight:400;\">, targeting initial production of 60k tons annually.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: Pearl Polyurethane Systems to start production at its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/56ae4329-b447-4bbd-b1b0-ae90c9330db6\/sidpec-to-set-up-a-usd-159-mn-sodium-cyanide-factory-%2B-dp-world-to-look-into-setting-up-a-freezone-in-the-new-capital#:~:text=SCZone%20gets%20ready,SCZone%20statement.\" style=\"\">EGP 100 mn polyurethane factory<\/a><\/span><span style=\"font-weight:400;\"> in the Sokhna Industrial Zone. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: Sumitomo Electric to officially open its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/962993c1-2504-430b-9f5d-09027411fa61\/sumitomo-electric%25e2%2580%2599s-pigtail-cable-factory-in-tenth-of-ramadan-nears-completion\" style=\"\">EUR 22 mn cable factory<\/a><\/span><span style=\"font-weight:400;\"> in Tenth of Ramadan, with production set to begin next month.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: Construction of the USD 600 mn <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6523d5c2-e366-4988-bfcf-4cf598a91930\/oil-ministry-is-setting-up-a-usd-600-mn-gas-treatment-facility\" style=\"\">natural gas treatment plant<\/a><\/span><span style=\"font-weight:400;\"> in the Western Desert\u2019s Meleiha concession to wrap up, followed by a pilot run. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: El Araby Group and Sharp to break ground on a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7a77853a-daaa-42d7-af8b-f42a53d40b66\/el-araby-inks-usd-50-mn-agreement-with-sharp-to-produce-fridges-and-freezers\" style=\"\">USD 50 mn fridge and freezer manufacturing plant<\/a><\/span><span style=\"font-weight:400;\"> in the Quweisna zone.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: Hangzhou Henneway Travel Goods to begin production at its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5e56b963-e052-4cf2-a077-18e50a880511\/chinese-luggage-company-inks-agreement-for-usd-50-mn-factory\" style=\"\">USD 50 mn factory<\/a><\/span><span style=\"font-weight:400;\"> in the West Qantara Industrial Zone<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: BP to drill <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/05de06d7-c056-4645-86e6-cceb7c1ce879\/aton-resources-to-launch-gold-extracting-and-processing-facility-in-2026.-plus:%253cmark%253e-bp%253c%2Fmark%253e-to-drill-two-new-wells,-sabbour-consulting-expands-to-ksa,-british-council-promotes-inclusion#:~:text=BP%20to%20drill%20two%20more%20exploratory%20wells%20in%20January%3A%20Global%20energy%20giant%20BP%20is\" style=\"\">two USD 160 mn exploratory gas wells<\/a><\/span><span style=\"font-weight:400;\"> in the West Delta<\/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:1.5;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2Q 2025: Hassan Allam to build infrastructure for AD Ports' Noatum terminal at Safaga<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2Q 2025: Hassan Allam to build infrastructure for AD Ports' Noatum terminal at Safaga<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2Q 2025: EgyptSat Auto to start production at its EV factory in Tenth of Ramadan City<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">3Q 2025: AMEA Power to bring 500 MW <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/399add70-be7a-4dd4-b41f-4802af3be0c6\/khalda-petroleum-has-a-usd-70-mn-diesel-project-brewing.-plus:-news-from-amea-power,-hhd,-delta-sugar,#:~:text=Some%20500%20MW,in%203Q%202025.\" style=\"\">Amunet wind farm online<\/a><\/span><span style=\"font-weight:400;\"> in Ras Ghareb<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4Q 2025: Abou Ghaly Motors to introduce the Subaru Solterra to the market<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">4Q 2025: Two new projects in food manufacturing and home textiles to begin operations in the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c09fb4bb-a77b-4cf7-8f57-6f69132950a7\/qantara-west-industrial-zone-to-welcome-two-new-projects-with-investments-of-usd-38-mn\" style=\"\">Qantara West Industrial Zone<\/a><\/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:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">1H 2025: Internal Trade Development Authority (ITDA) to establish<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3422acfc-009b-4e39-99fa-3a58603a1bae\/house-approves-usd-2-bn-loan-for-finmin#:~:text=2%2D%20Four%20new%20logistics%20zones%20in%20the%20making%3A%20The%20Supply%20Ministry%E2%80%99s%20Internal\" style=\"\">four logistics zones<\/a><\/span><span style=\"\"> with EGP 18-20 bn investments<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">1H 2025: Internal Trade Development Authority (ITDA) to establish<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3422acfc-009b-4e39-99fa-3a58603a1bae\/house-approves-usd-2-bn-loan-for-finmin#:~:text=2%2D%20Four%20new%20logistics%20zones%20in%20the%20making%3A%20The%20Supply%20Ministry%E2%80%99s%20Internal\" style=\"\">four logistics zones<\/a><\/span><span style=\"font-weight:400;\"> with EGP 18-20 bn investments<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1H 2025: Natco to launch Chinese firm Neta Auto\u2019s EV models.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">1H 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4543d21b-4d45-49bd-ac07-3d302969741c\/oci-offloads-methanol-interests-to-methanex-for-usd-2.05-bn\" style=\"\">OCI Global to complete the sale of its entire methanol business<\/a><\/span><span style=\"font-weight:400;\"> to Methanex for USD 2.05 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1H 2025: Egypt and the UAE to begin construction of a USD 3 bn petroleum logistics zone at Al Hamra Port<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">1H 2025: HoldiPharma to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b01f6216-3da7-4129-96a2-2204c796e9d3\/misr-pharma-and-cid-offerings-are-planned-for-1h%253cmark%253e-2025%253c%2Fmark%253e#:~:text=%232%2D%20More%20information%20on%20the%20planned%20Misr%20Pharma%20and%20CID%20offerings%3A%20State%2D\" style=\"\">list 25-30% stakes<\/a><\/span><span style=\"font-weight:400;\"> in Misr Pharma and Chemical Industries Development (CID) on the EGX<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">1H 2025: Korra Energi to list up to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6342f21e-1531-4a03-875f-54c4faa3cbb1\/korra-energi-to-offer-up-to-20%2525-of-company-in-upcoming-ipo\" style=\"\">20% stake<\/a><\/span><span style=\"font-weight:400;\"> on the EGX<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">1H 2025: Smart Villages Development and Management Company plans to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f8f50890-ed5a-4eda-b5a4-001f5792b427\/a-shot-at-tax-system-simplification#:~:text=The%20EGX%20could,in%20west%20Cairo.\" style=\"\">list 30-35% of its shares<\/a><\/span><span style=\"font-weight:400;\"> on the EGX<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">1H 2025: Halliburton to bring <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f8a63b78-cc61-4e81-ba01-aeac0b96e5e4\/halliburton-could-invest-more-in-egypt%25e2%2580%2599s-energy-sector\" style=\"\">three gas wells<\/a><\/span><span style=\"font-weight:400;\"> online as part of the Burullus project.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">1H 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e5e8e38-c790-4c52-8397-24915e148e0b\/chevron-to-start-nargis-gas-production-in%253cmark%253e-2025%253c%2Fmark%253e.-plus:-redcon-%2B-compass,-paysky-has-big-plans,-new-administrative-capital-construction#:~:text=Chevron%20to%20kick,the%20source%20added.\" style=\"\">Chevron to begin gas production from the offshore Nargis gas field<\/a><\/span><span style=\"font-weight:400;\">, initially producing 600 mn cf.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">1H 2025: Nile Recycling to launch USD 20 mn <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f84fed16-43df-4cc8-a703-c354b04f2a7e\/vodafone-egypt,-telecom-egypt-ink-egp-30-bn-worth-of-infrastructure-services,-5g-agreements#:~:text=%231%2D%20Nile%20Recycling%20to%20build%20USD%2020%20mn%20plastic%20recycling\" style=\"\">PET recycling facility in Ain Sokhna<\/a><\/span><span style=\"font-weight:400;\">, targeting an annual capacity of 22k tons and reducing carbon emissions by 40k tons<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2H 2025: National Printing Company to make its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1d75eae1-5784-4b33-b5cd-166686c5eb59\/egypt-to-ink-agreements-with-bahrain,-uae-to-cut-customs-clearance-time#:~:text=The%20National%20Printing%20Company%20(NAPR)%20will%20make%20its%20EGX%20debut%20in%202H%202025%2C\" style=\"\">EGX debut<\/a><\/span><span style=\"font-weight:400;\"> after delayed IPO plans<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2H 2025: Tabarak Holding to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad884254-66d2-45cf-ada4-612e88318194\/real-estate-player-tabarak-holding-to-ipo-on-the-egx-by-2h%253cmark%253e-2025%253c%2Fmark%253e\" style=\"\">list 30% of its shares<\/a><\/span><span style=\"font-weight:400;\"> on the EGX<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2H 2025: Turkish apparel company Denim Rise to open a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/81933db7-0301-4bdb-8a9c-3ddaceb7c3c4\/turkish-denim-manufacturer-to-invest-usd-8.8-mn-in-sczone\" style=\"\">garment manufacturing facility<\/a><\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2H 2024: Hi-Tech Apparel to break ground on a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d37e6527-1e8b-450d-a371-68e38a2907c9\/chinese-usd-146-mn-iron-pipes-factory-breaks-ground.-plus:-a-thai-usd-20-mn-sportswear-factory-in-the-works,-egp-100-mn-home-appliances-factory-for-egypt%25e2%2580%2599s-tredco#:~:text=%232%2D%20Thai%20investors,create%201.5k%20jobs.\" style=\"\">USD 20 mn sportswear factory in the SCZone<\/a><\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2H 2025: Eni to drill <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/97c6012f-bce9-4cd3-a3da-a6e9fd62038e\/%253cmark%253eeni%253c%2Fmark%253e-to-drill-two-new-wells-in-zohr-in-2025#:~:text=Eni%20to%20up,the%20source%20added.\" style=\"\">two new wells in the Zohr field<\/a><\/span><span style=\"\"> with USD 160 mn in investments<\/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:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">Mid-2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/16483933-38e4-4434-a414-96ba8aa8f619\/el-nasr-auto-and-al-safy-group-form-auto-assembly-jv-with-usd-40-mn-in-initial-investments\" style=\"\">SN Automotive to launch three locally assembled models<\/a><\/span><span style=\"font-weight:400;\"> \u2014 one electric and two gasoline-powered \u2014 in Egypt<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">Mid-2025: Suez\u2019s USD 1.8 bn <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9e22e13-4792-4199-b649-bd30658bce2e\/egypt%25e2%2580%2599s-coal-and-diesel-production-complex-should-be-complete-next-year#:~:text=Suez%E2%80%99s%20USD%201.8,late%202021.\" style=\"\">coal and diesel production complex<\/a><\/span><span style=\"font-weight:400;\">, developed by Enppi and Petrojet, to be completed<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">Mid-2025: Wataneya and Safi to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dea8e346-ad41-4501-829e-eb79835b9e95\/government-to-offer-up-stakes-in-ten-companies-to-strategic-investors-and--on-the-egx-in-2025\" style=\"\">debut on the EGX<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">End of 2025: The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c6b869cb-e868-4da4-9a22-1539fd12acbe\/the-lowdown-on-the-egypt-digital-industrial-platform\" style=\"\">Egypt Digital Industrial Platform will expand to include additional services<\/a><\/span><span style=\"font-weight:400;\"> for manufacturers, including the issuance of licenses, building permits, and industrial records<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">End of 2025: An unnamed Chinese company and the state-owned Arab Organization for Industrialization (AOI) to begin production at a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/70dd2612-1d8c-4f14-877e-802044a3b1d5\/egyptian-chinese-jv-to-set-up-usd-360-mn-tire-factory-in-the-sczone\" style=\"\">USD 360 mn tire factory<\/a><\/span><span style=\"font-weight:400;\"> in the SCZone.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">End of 2025: A consortium including Redcon Properties and Al Baraka Bank to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f0c3bd68-188f-4de9-a7f1-0e444921f13d\/ksa%25e2%2580%2599s-adeer-wants-to-set-up-a-real-estate-fund-in-egypt\" style=\"\">launch a local real estate investment fund<\/a><\/span><span style=\"font-weight:400;\"> with over EGP 1 bn in initial investments<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">Late 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0945ad29-e1bb-4454-8668-1b8c99a6c110\/baron-to-invest-egp-3-bn-in-five-local-hotels-and-zanzibar-expansion-by-2026:-plus:-efg-hermes-%2B-maarif-education,-compass-capital-%2B-ci-capital,-green-coast,-edafa,-orascom-pyramids-entertainment,-bank-nxt-%2B-mindgate-solutions\" style=\"\">Baron Hotels<\/a><\/span><span style=\"font-weight:400;\"> to open a new hotel in Sharm El Sheikh and debut its first international property in Zanzibar with 150 luxury suites<\/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:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: Nafeza to integrate <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bf0bae9c-1af3-4fb7-96f7-8cfc43d3287a\/smart-ports-aim-to-transform-egypt%25e2%2580%2599s-logistics-landscape#:~:text=The%20Nafeza%20platform%20%E2%80%94%20first%20launched%20in%202021%20%E2%80%94%20has\" style=\"\">air cargo into its digital customs platform<\/a><\/span><span style=\"font-weight:400;\">, further streamlining trade logistics<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d8b265c6-c9d4-4808-bf41-94517026a6ab\/africa50-completes-42.9%2525-stake-acquisition-of-raya-data-center\" style=\"\">Africa50 completes 42.9% stake acquisition in Raya Data Centers<\/a><\/span><span style=\"font-weight:400;\"> for USD 15 mn to fund construction of a USD 35 mn Tier III data center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: MM Group for Industry and International Trade is set to launch <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fc282ccf-4479-442d-b6ad-1bbf1f31f4b3\/halliburton-to-bring-four-wells-online-by-december.-plus:-news-from-medcom-aswan,-fra,-q-developments,#:~:text=%234%2D%20Sixteen%20new%20Tata%20car%20models%20to%20be%20launched%20next%20year%3A%20MM%20Group%20for%20Industry%20and%20International%20Trade%20is%20set%20to%20launch%2016%20new%20Tata%20vehicle%20models%20locally%20in%202025.\" style=\"\">16 new Tata vehicle models locally<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: China to issue <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9798b1a1-9b81-464d-956f-20a24da55fd1\/\" style=\"\">USD 411 bn in special treasury bonds<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: El Attal Holding to list <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1cdd96d5-8ef6-4807-9451-31498a70e53f\/fedcoc-calls-for-shops-to-open,-close-later-under-new-opening-hours#:~:text=%232%2D%20El%20Attal,end%20of%202024.\" style=\"\">30-35% of its shares<\/a><\/span><span style=\"font-weight:400;\"> on the EGX<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: The Administrative Capital for Urban Development <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c97e865a-fd8a-4b88-9383-9546964ca6fc\/the-cbe-is-meeting-today-%25e2%2580%2594-analysts-expect-rates-to-remain-unchanged#:~:text=%232%2D%20ACUD%20IPO,in%202Q%202024.\" style=\"\">(ACUD) to launch its EGX debut<\/a><\/span><span style=\"font-weight:400;\">, offering 5-10% of its shares.**<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/13b15866-b6e1-4e27-97cd-61f38cacc5ed\/we%25e2%2580%2599ll-have-more-on-qalaa%25e2%2580%2599s-debt-buyback-soon#:~:text=%231%E2%80%93%20Basata%20to,other%20transactions%20remotely.\" style=\"\">Basata Holding for Financial Investments to offer 25% stake on the EGX<\/a><\/span><span style=\"font-weight:400;\"> as part of a plan to double its capital to EGP 1.4 bn.**<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d78b3f97-3857-41cb-b9d9-e27388f70a29\/hilton-to-triple-its-presence-in-egypt-with-25-new-hotels-in-the-pipeline\" style=\"\">Hilton Cairo Nile Maadi to open early in the year<\/a><\/span><span style=\"font-weight:400;\">, alongside debuts of Tapestry Collection and Curio Collection by Hilton.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: Palm Hills and Marriott to launch <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1a12028d-4ce5-44f1-8b64-01d4ca27863d\/al-mashat-meets-with-eu-delegation-to-discuss-unlocking-eur-1.8-bn-investment-guarantee-mechanism#:~:text=Palm%20Hills%20and%20Marriott%20to%20launch%20Ritz%2DCarlton\" style=\"\">The Ritz-Carlton Residences in West Cairo<\/a><\/span><span style=\"font-weight:400;\">, featuring 150 branded units across 45 acres<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: Jaz Hotel Group to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4f07f69a-6cf4-41ee-8ddf-a1e73b56af66\/jaz-hotel-group-to-invest-usd-215-mn-to-open-six-new-hotels-in%253cmark%253e-2025%253c%2Fmark%253e.-plus:-pickalbatros-expands-hotel-portfolio-across-morocco\" style=\"\">set up<\/a><\/span><span style=\"font-weight:400;\"> two new hotels in North Coast, two in Hurghada, and two in Marsa Alam <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: Sunrise Resorts & Cruises to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/25e6ad3b-dbed-489a-87b2-f30662243a1f\/sunrise-resorts-&-cruises-plans-to-add-4k-hotel-rooms-in-2025\" style=\"\">add 4k hotel rooms to its hotels capacity<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: Egyptian Petrochemicals Holding Company (ECHEM) to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8fd53fdc-ed59-4219-9f14-e3ab535b0640\/oil-ministry-gets-the-ball-rolling-on-usd-530-mn-sustainable-aviation-fuel-project\" style=\"\">complete studies and kick off production of Egypt\u2019s first sustainable aviation fuels<\/a><\/span><span style=\"font-weight:400;\"> (SAFs).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: Polaris Parks to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7fde11b9-edfc-41b8-b607-2fc31f69ee22\/polaris-parks-to-invest-egp-10.5-bn-to-develop-two-new-industrial-parks\" style=\"\">begin development of the industrial park<\/a><\/span><span style=\"font-weight:400;\"> in New October City<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: EgyptAlum to launch a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1172e99e-6721-428e-bf34-f906d6339e94\/egypt%E2%80%99s-el-sisi-ratifies-unified-budget-act-amendments#:~:text=Misr%20Aluminum%20has%20a%20foil%20production%20line%20in%20the\" style=\"\">USD 100 mn foil production line<\/a><\/span><span style=\"font-weight:400;\"> with a 50k-ton annual capacity<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: Honor to begin operations at its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8b6adeb2-4542-420b-b461-22ebaca13fdb\/afdb-could-help-fund-our-1.1-gw-wind-farm.-plus:-news-from-ibn-sina,-palm-hills,-honor#:~:text=Honor%20could%20start,of%20its%20production.\" style=\"\">proposed smartphone manufacturing facility in Egypt<\/a><\/span><span style=\"font-weight:400;\">, with an initial investment of USD 10 mn<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: Indorama and Phosphate Misr to begin implementation of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e61d001a-ad4a-4b9d-a77f-d7300a6fdeed\/we-have-a-usd-500-mn%253cmark%253e-fertilizer%253c%2Fmark%253e-plant-in-the-making.-plus:-fresh-oil-agreements,-investments#:~:text=%231%2D%20Pulse%20check,solar%20panel%20production.\" style=\"\">USD 400-500 mn phosphate fertilizers plant<\/a><\/span><span style=\"font-weight:400;\"> in Ain Sokhna<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">FY 2025-26: Egypt to issue its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ccb5878e-671d-4785-af66-d6daacf66e15\/egypt-to-issue-its-first-local-currency-sukuk-in-fy%253cmark%253e-2025%253c%2Fmark%253e-26\" style=\"\">first EGP-denominated sovereign sukuk<\/a><\/span><span style=\"font-weight:400;\"> to finance public investments outside the general budget<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">FY 2025-26: The government to begin <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/018eb8f0-33bb-4154-8315-01dd92a8f2db\/adq-will-lay-the-foundation-stone-for-its-ras-el-hekma-project-this-week#:~:text=%232%2D%20Gov%E2%80%99t%20to,%3A48).\" style=\"\">introducing cash-based subsidies<\/a><\/span><span style=\"font-weight:400;\"> on a trial basis in select areas of the country<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025-2027: EUR 4 bn in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d11cb8b8-2a7d-4012-b98b-b9abd0e310f5\/eu-approves-the-disbursement-of-eur-1-bn-to-egypt\" style=\"\">concessional loans<\/a><\/span><span style=\"font-weight:400;\"> to follow as part of a EUR 7.4 bn package<\/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;\">2026<\/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 2026: End of extension for developers on 15% interest rates for land installment payments <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2026: Baron Hotels to launch two hotels in Egypt with 950 rooms, followed by another with 750 rooms<\/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>September 2028: First unit of the Dabaa nuclear power plant begins operations<\/span><\/p>\n\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>CBE leaves rates unchanged | Personal car import limit | Egypt\u2019s first digital NBFI license for SME finance.<\/p>\n","protected":false},"featured_media":657895,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-657894","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"d8683eb2-e839-4f75-8b51-bbff3841f75e","teaser":"CBE leaves rates unchanged | Personal car import limit | Egypt\u2019s first digital NBFI license for SME finance.","photo_url":"https:\/\/ent.news\/2024\/12\/2405.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Looking back on the year that has passed - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Looking back on the year that has passed\" \/>\n<meta property=\"og:description\" content=\"CBE leaves rates unchanged | Personal car import limit | Egypt\u2019s first digital NBFI license for SME finance.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-18T02:24:03+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2405.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/\",\"name\":\"Looking back on the year that has passed - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2405.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-12-29T00:00:00+00:00\",\"dateModified\":\"2025-12-18T02:24:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2405.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2405.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Looking back on the year that has passed\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Looking back on the year that has passed - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/","og_locale":"en_US","og_type":"article","og_title":"Looking back on the year that has passed","og_description":"CBE leaves rates unchanged | Personal car import limit | Egypt\u2019s first digital NBFI license for SME finance.","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2025-12-18T02:24:03+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2405.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/","name":"Looking back on the year that has passed - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2405.jpg?fit=%2C&ssl=1","datePublished":"2024-12-29T00:00:00+00:00","dateModified":"2025-12-18T02:24:03+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2405.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2405.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/egypt\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Looking back on the year that has passed"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/657894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/657894\/revisions"}],"predecessor-version":[{"id":657942,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/657894\/revisions\/657942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/657895"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=657894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=657894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=657894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}