{"id":657979,"date":"2024-12-30T00:00:00","date_gmt":"2024-12-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=657979"},"modified":"2025-12-18T02:26:05","modified_gmt":"2025-12-18T02:26:05","slug":"see-you-in-2025","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/see-you-in-2025\/","title":{"rendered":"See you in 2025"},"content":{"rendered":"<section id=\"657981\" 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=\"657981\">\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\/30\/banks-will-be-closed-on-wednesday-to-mark-the-end-of-their-fiscal-year\/\">\r\n                            Banks will be closed on Wednesday to mark the end of their fiscal 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\/30\/banks-will-be-closed-on-wednesday-to-mark-the-end-of-their-fiscal-year\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" 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will be closed on Wednesday to mark the end of their fiscal year&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/banks-will-be-closed-on-wednesday-to-mark-the-end-of-their-fiscal-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\/30\/banks-will-be-closed-on-wednesday-to-mark-the-end-of-their-fiscal-year\/&title=Banks will be closed on Wednesday to mark the end of their fiscal 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 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size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"657982\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/banks-will-be-closed-on-wednesday-to-mark-the-end-of-their-fiscal-year\/1376-jpg-20\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1376.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1376.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1376.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1376.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657981\" class=\"content-area-description single-story post-657981 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-central-bank-of-egypt tag-enterpriseam tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.6aaf9abf-2af9-401f-9a70-247b6f68ec24.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, f<\/strong><strong>riends. <\/strong>We close out 2024 with another packed issue busy with the latest on our automotive localization push, fresh incentives for industrial players, and a continuation of our recap of everything worth knowing from the past year. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** This is the last issue of EnterpriseAM Egypt for this year. <\/strong>We\u2019re taking a publication break through Saturday to gear up for 2025 and we will be back in your inboxes at our usual time on Sunday, 5 January. <\/p><p class=\"tag-border-left\">PSA- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>Banks will be closed on Wednesday, 1 January<\/strong>, to mark the end of their fiscal year, and will return to work on Thursday, 2 January, the Central Bank of Egypt said in a statement yesterday.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>It\u2019s another cold day in Cairo, with a high of 17\u00b0C and a low of 11\u00b0C, according to our favorite weather app.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s just as cold in Alexandria<\/strong>, with a high of 17\u00b0C and a low of 10\u00b0C.<\/p><p class=\"tag-border-left\">HAPPENING TODAY-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>CBE to hold USD t-bill auction: <\/strong>The Central Bank of Egypt <a target=\"_blank\" href=\"https:\/\/www.cbe.org.eg\/en\/auctions\/usd-t-bills\" style=\"\" rel=\"noopener\">will auction off<\/a> USD 800 mn worth of one-year, USD-denominated t-bills, with the submission deadline penciled in for 11am today.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/p><\/div>\n<\/div>\n<\/div><p class=\"tag-border-left\">CIRCLE YOUR CALENDAR- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>The Egyptian Tax Authority will begin accepting tax filings for 2024 on 1 January 2025<\/strong>, Egyptian Tax Authority head Rasha Abdel Aal said in a statement. Individuals will have until 31 March to file, while companies have until 30 April or four months after their fiscal year ends. Filings must be submitted electronically through authority platforms. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/\" style=\"\" rel=\"noopener\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Jimmy Carter, the 39th US president and Nobel laureate, died at 100. <\/strong>Carter passed away at his home in Georgia on Sunday. Carter played a major role brokering the 1978 Camp David Accords, \u201cHis (Carter\u2019s) significant role in achieving the peace agreement between Egypt and Israel will remain etched in the annals of history,\u201d President Abdel Fattah El Sisi said in a <a target=\"_blank\" href=\"https:\/\/x.com\/AlsisiOfficial\/status\/1873501107999347191\" style=\"\" rel=\"noopener\">post on X<\/a> where he extended his condolences to Carter\u2019s family. Following the peace agreement, Carter earned acclaim for his humanitarian efforts, winning a Nobel Peace Prize in 2002. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/jimmy-carter-former-us-president-nobel-peace-prize-recipient-dead-100-atlanta-2024-12-29\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/12\/29\/us\/former-president-jimmy-carter-death\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cpww85w5p30o\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/4e98f45c-cce1-4df9-b726-f8e20ba4765d\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/obituaries\/2024\/12\/29\/jimmy-carter-president-dead\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2024\/12\/29\/us\/jimmy-carter\" style=\"\" rel=\"noopener\">New York Times<\/a>) <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2495.jpg?ssl=1\"><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue:<\/strong> We take a look at the hurdles \u2014 and opportunities \u2014 the education sector faced in 2024.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/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=\"657983 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=\"657983\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/657983\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657983\" class=\"content-area-description single-story post-657983 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>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>\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=\"657984\" 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=\"657984\">\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 - INVESTMENTS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/the-most-notable-foreign-investments-secured-in-2024\/\">\r\n                            The most notable foreign investments secured 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\/30\/the-most-notable-foreign-investments-secured-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(); 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Throughout 2024, the country secured commitments from companies and investors across the globe promising to pump funds into various industries \u2014 GCC nations were among the top investors in the Egyptian economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE- <\/strong>The UAE made the biggest investment Egypt has ever seen with the Ras El Hekma agreement and it didn\u2019t stop there, the year saw a number of Emirati players pledge investments in the local economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADQ\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0b97fcf-95b0-4d39-86ae-0a4989221520\" style=\"\" rel=\"noopener\">USD 35 bn Ras El Hekma agreement<\/a><\/strong><strong> contributed the lion\u2019s share of Egypt\u2019s FDI <\/strong><strong>for the year <\/strong>and marked the \u201clargest direct investment agreement in Egypt,\u201d to use Prime Minister Moustafa Madbouly\u2019s words. ADQ paid USD 24 bn for the development rights to Ras El Hekma and converted some USD 11 bn worth of UAE deposits at the Central Bank of Egypt into money to be invested. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investments in freezones:<\/strong> Dubai\u2019s state-owned port operator DP World <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/56ae4329-b447-4bbd-b1b0-ae90c9330db6\/egypt%E2%80%99s-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\" style=\"\" rel=\"noopener\">is exploring the<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/56ae4329-b447-4bbd-b1b0-ae90c9330db6\/egypt%E2%80%99s-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\" style=\"\" rel=\"noopener\">possibility of developing<\/a> a public freezone in the new capital. The proposed project will span 500 feddans owned by New Administrative Capital for Urban Development and will focus on key industrial sectors, including electronics, automotive, fast-moving consumer goods, garments, and footwear.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also in the pipeline: <\/strong>UAE\u2019s Masdar and the Egyptian state\u2019s Future of Egypt <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/143898ae-4a18-4a99-aad1-354c56140c1b\" style=\"\" rel=\"noopener\">will set up<\/a> a floating solar plant in Lake Nasser and a solar plant in Nag Hammadi. AD Ports could set up a renewables-focused industrial zone in East Port Said and UAE\u2019s Global South Utilities, China\u2019s Weiheng, alongside the Industry Ministry will set up a USD 12 mn battery storage factory. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>KSA- <\/strong>Saudi Arabia started investing in Egypt again this year and pledged a lot more. Saudi Crown Prince and Prime Minister Mohammed bin Salman <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/08a20a78-d5cd-431c-bb24-fc93084a82b1\/pif-directed-to-invest%253cmark%253e-usd-5-bn%253c%2Fmark%253e-in-egypt\" style=\"\" rel=\"noopener\">said back in September that he had directed<\/a> the Public Investment Fund to invest USD 5 bn in Egypt as part of the \u201cfirst phase\u201d of a larger program.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>To sweeten the pot: <\/strong>Egypt and KSA this year <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7dfd9c3d-664f-4324-a21e-a38d12f214ce\/\" style=\"\" rel=\"noopener\">inked two agreements<\/a> focused on streamlining mutual investments and providing investment guarantees. The inking of the Agreement on Promotion and Mutual Protection of Investments between Egypt and Saudi is expected to bring in upwards of USD 10 bn in bilateral investments over the next three years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And there\u2019s another big acquisition on the way: <\/strong>PIF is working to acquire CIRA Education and use it as a regional platform. The Saudi Egyptian Investment Company \u2014 a wholly-owned subsidiary of the Public Investment Fund \u2014 said in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5a82c702-10eb-4631-b5ba-77ad9f1a1781\/pif-returns-to-market-in-first-post-float-investment,-aims-to-take-cira-education-private-in-partnership-with-founders\" style=\"\" rel=\"noopener\">May<\/a> that it would buy into CIRA majority shareholder Social Impact Capital. SIC has used the cash injection to launch its mandatory tender offer for the rest of CIRA\u2019s shares \u2014 the offer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2551de28-8b02-4f16-83ec-b1cfbaeadcc2\/pif-backed-sic-gets-green-light-to-acquire-up-to-100%2525-of%253cmark%253e-cira%253c%2Fmark%253e-education\" style=\"\" rel=\"noopener\">got the green light<\/a> from the Financial Regulatory Authority earlier this month. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>QATAR- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qatar is working on a \u201cvery important\u201d <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/368aaf15-668d-4ff1-9346-118e4cc83d00\" style=\"\" rel=\"noopener\">real estate project<\/a><\/strong><strong> on the North Coast <\/strong>and the Egyptian and Qatari sides are working to implement it quickly. The country is also looking into investments into the North Coast\u2019s tourism and hospitality sectors and has expressed interest in making logistic zone and port investments, with discussion on the topic currently ongoing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other than Gulf nations, two countries emerged as some of the top investors in Egypt this past year<\/strong> \u2014 Turkey and China. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TURKEY-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A USD 7 bn Turkish industrial zone? <\/strong>In March, Egyptian Group For Multipurpose Terminals and Turkish firm Do\u011fu\u015f Construction and Trade signed an MoU <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5e17a87d-21de-425e-85b6-4b6d8fb84d99\/turkey%e2%80%99s-do%c4%9fu%c5%9f-eyes-usd-7-bn-logistics-and-industrial-zone-in-egypt%e2%80%99s-gargoub\" style=\"\" rel=\"noopener\">to establish a logistics hub<\/a> in Gargoub on the country\u2019s northwest coast with over USD 7 bn in estimated investment. The project, which will include a commercial port and freezones, is expected to kick off operations in 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Turkish investments in Egypt continue to grow:<\/strong> In June, Turkish ready-made garment maker \u015eirikcioglu received approval for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/08a4539d-f710-47fb-b8ea-3c9af2c681ea\/turkish-usd-700-mn-denim-factory-gets-gov%E2%80%99t-greenlight.-plus:-ades-inks-drilling-contract,-forbes-international-tower-to-cost-usd-1-bn,-sahl-eyes-digital-banking-license,-alwady-green-heads-to-ksa\" style=\"\" rel=\"noopener\">USD 700 mn denim factory in Port Said<\/a>. Erciyas Holding also announced plans to set up a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa1bdc9a-fd03-47c7-9928-212a51bd6ba5\/turkish-firms-erciyas-and-eroglu-working-on-setting-up-garments,-pipeline-factories.-plus:-green-core-+--egyptian-electronic-waste-recycling-company,-ebrd-+-red-sea-wind-energy,-suez-canal-bank-+-mint-real-estate-assets,-sympl,-talabat,-enovate\" style=\"\" rel=\"noopener\">USD 60 mn factory<\/a> for oil, gas and water pipes, with 60% of production directed towards exports. Apparel company Denim Rise will set up a <a target=\"_blank\" 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=\"\" rel=\"noopener\">garment factory in Qantara West<\/a>, with investments of USD 8.8 mn. Snackmaker Saray Biskuvi will also invest <a target=\"_blank\" 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=\"\" rel=\"noopener\">USD 8 mn in a food factory<\/a>, targeting global exports. Turkish clothing manufacturer Eroglu Holding also broke ground on a new garments factory in Qantara West this year in November to bring its total investments to USD 51 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CHINA- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China is ramping up its presence in Egypt<\/strong>, with this past year witnessing a long list of Chinese investments announced. Steelmaker Wu\u2019an Xin Feng is planning a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53bfb7d0-2111-4cbb-a26a-32461340c1ec\/china%e2%80%99s-wu%e2%80%99an-xin-feng-eyes-usd-1.7-bn-industrial-complex-in-egypt%e2%80%99s-sczone\" style=\"\" rel=\"noopener\">USD 1.7 bn industrial complex<\/a> in the SCZone, with nine factories producing automotive brake components, household appliance parts, standard fasteners, hot-rolled steel coils, and more. Textile manufacturer Kelida will set up a <a target=\"_blank\" 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=\"\" rel=\"noopener\">USD 30 mn home textiles plant<\/a> in the Qantara West Industrial Zone. And Elite Solar is building a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53bfb7d0-2111-4cbb-a26a-32461340c1ec\/china%e2%80%99s-wu%e2%80%99an-xin-feng-eyes-usd-1.7-bn-industrial-complex-in-egypt%e2%80%99s-sczone\" style=\"\" rel=\"noopener\">USD 150 mn solar cell factory<\/a> in Ain Sokhna.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The automotive sector remains a focal investment point<\/strong>, with Chinese companies like FAW Group and Chery International <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\">preparing to enter the Egyptian market<\/a> in 2025. Meanwhile, an unnamed Chinese player is <a target=\"_blank\" 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=\"\" rel=\"noopener\">working with the Arab Organization for Industrialization<\/a> to set up a USD 360 mn tire factory in the SCZone. There\u2019s also luxury SUV manufacturer Exeed, which <a target=\"_blank\" 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-+-helios,-ict-misr,-orange-egypt\" style=\"\" rel=\"noopener\">has begun locally assembling its models<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>El Nasr Automotive <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e231a5e8-5a06-41ad-9464-d0385800c699\" style=\"\" rel=\"noopener\">resumed operations<\/a><\/strong> in the second half of the year, delivering the first batch of electric buses in partnership with China's Yutong to Transport Ministry-affiliated companies. There\u2019s also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3cba7dcd-b25c-4d88-9138-43dd0522d390\/chinese-automaker-jinbei-to-launch-local-assembly-through-its-local-agent-in-egypt\" style=\"\" rel=\"noopener\">Chinese automaker Jinbei<\/a>, which is set to start assembling its models in Egypt at the beginning of 2025. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And that\u2019s not all: <\/strong>Al Mansour Automotive and Chinese state-owned SAIC will set up a USD 135 mn factory for the manufacture of SAIC-owned brand MG vehicles. We have the full story in the news well, above. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other Chinese investments include: <\/strong>Luggage manufacturer Hangzhou Henneway Travel Goods \u2014 whose client brands include Samsonite, Swissgear, Travelite, and Delsey \u2014 kicked off <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fe216c15-3e84-4464-b217-9f6c6de713a3\" style=\"\" rel=\"noopener\">construction on its USD 50 mn factory<\/a> in the Qantara West Industrial Zone. China\u2019s New Hope Group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b3ffb64-4ae1-46a8-935b-567932e3710e\" style=\"\" rel=\"noopener\">is exploring a USD 100 mn investment<\/a> to establish a feed production complex in an industrial zone<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want the full list: <\/strong>Check out our breakdown of Chinese investments in the country in an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7ef74ffd-fb8e-48ba-ba41-32d0fb5eff00\/chinese-investors-have-been-loving-egypt-as-of-late-%E2%80%94-here%E2%80%99s-the-breakdown-of-how-this-love-has-translated-into-investments\" style=\"\" rel=\"noopener\">Inside Industry<\/a> published earlier this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH NOTING- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Poland is also increasing its investment in Egypt<\/strong>, with renewables player Hynfra planning a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2988052f-4d8a-44e3-bf27-2b2646fff746\/poland%e2%80%99s-hynfra-eyes-usd-10.6-bn-green-ammonia-plant-in-egypt\" style=\"\" rel=\"noopener\">USD 10.6 bn green ammonia plant<\/a>. The first phase of the project is set to be up and running by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>German Investments are set to increase<\/strong>, with a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9c6eb021-6437-47c6-b6c2-f5624c2ec936\/german-companies-mull-eur-1-bn-iron-factory,-eur-30-mn-flame-resistant--material-factory,-eur-5-mn-bicycle-parts-factory\" style=\"\" rel=\"noopener\">EUR 1 bn direct reduced iron factory<\/a> and EUR 30 mn flame-resistant material plant in the pipeline. Carmaker Volkswagen <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/04ee2034-09fe-4e03-a562-5a1d6c14f973\/vokswagen-mulls-partnering-in-shared-auto-production-facility-in-east-port-said\" style=\"\" rel=\"noopener\">expressed interest<\/a> in helping develop a shared production facility in the East Port Said Industrial Zone.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Norwegian renewables developer Scatec is setting up a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/030a7f95-e1d2-4bbb-97de-4027ece8dafe\" style=\"\" rel=\"noopener\">USD 1.1 bn solar plant<\/a><\/strong> to power EgyptAlum\u2019s Nagaa Hammadi industrial complex. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Industrial real estate developer Polaris Parks <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7fde11b9-edfc-41b8-b607-2fc31f69ee22\" style=\"\" rel=\"noopener\">will develop<\/a><\/strong><strong> two new major industrial parks in Egypt<\/strong> with investments of EGP 10.5 bn. The projects together are set to host a total of 1k factories and create 50k jobs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Indian investments: <\/strong>India is looking into <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/932632c2-e6d3-4286-aabe-3b94baebaf74\" style=\"\" rel=\"noopener\">setting up a USD 60 mn carbon black factory<\/a> in Egypt and Indian textile manufacturer Welspun wants to set up a project in Egypt to help it enter African markets and boost exports to European, Arab, and US markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the auto front: <\/strong>Automotive player Stellantis <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e3b6f16-007f-4e13-8064-dc072b9750b9\" style=\"\" rel=\"noopener\">plans to invest EUR 116 mn<\/a> in the local manufacture of four vehicle models expected to hit the streets over the course of three years and Nissan Egypt <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3c84e7b9-909f-4c82-9703-4212669a0c7e\" style=\"\" rel=\"noopener\">inked an agreement<\/a> with the government to invest USD 45 mn into manufacturing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the Golden Triangle<\/strong>, local and foreign investors have submitted three proposals to set up <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eb908682-39b5-469a-81b9-4174432a90fb\/investors-pitch-for-three-three-fertilizer-complexes-worth-usd-1.6-bn\" style=\"\" rel=\"noopener\">phosphate and phosphoric acid fertilizer factories<\/a> with a combined USD 1.6 bn of investment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also being mulled:<\/strong> Hyundai for Home Appliances <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7e735abe-cb49-4dff-9305-21e000783972\/hyundai-appliances-wants-to-set-up-shop-in-egypt\" style=\"\" rel=\"noopener\">is looking to set up its own facility<\/a> in Egypt to help it boost exports across the region.<\/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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fdi\/\">FDI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span 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id=\"657987\" 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=\"657987\">\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\">YEAR IN REVIEW - CAPITAL MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/looking-back-at-capital-markets-throughout-2024-ipos-regulations-and-delistings\/\">\r\n                            Looking back at capital markets throughout 2024: IPOs, regulations, and delistings                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2493.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2493.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2493.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2493.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657987\" class=\"content-area-description single-story post-657987 post type-post status-publish format-standard has-post-thumbnail hentry category-year-in-review-capital-markets tag-capital-markets tag-egx tag-enterpriseam tag-ipo-watch tag-year-in-review-capital-markets-2 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\/.373cfc8c-aa26-4955-a3f5-0385bd9bc3dc.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Another year where IPOs were few and far in between: <\/strong>We rang in 2024 with the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fe8be5ef-1808-4344-aa09-d303ff2fe7a2\/gov%25e2%2580%2599t-begins-paying-back-nearly-20%2525-of-overdue%253cmark%253e-arrears%253c%2Fmark%253e-to-international-oil-firms\" style=\"\" rel=\"noopener\">expectations that three companies<\/a> would IPO throughout the year \u2014 the EGX witnessed only two IPOs in 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>2024\u2019s first IPO: <\/strong>Act Financial began trading on the EGX in late July and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f490e809-9cb1-4e21-93b8-3af74b284fd9\/%253cmark%253eact-financial%253c%2Fmark%253e-shares-rose-29.7%2525-on-their-egx-debut\" style=\"\" rel=\"noopener\">saw its shares jump<\/a> 29.7% on the first day of trading. The firm <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/90a188ae-46ce-489e-8d80-a7aeb264bc28\/remittances-surge-73.8%2525-y-o-y-in-may\" style=\"\" rel=\"noopener\">offered some 32% of the company<\/a> \u2014 360 mn shares \u2014 to investors. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4d5c99b6-2d0a-4923-9bbc-6dc4ef74f1cc\/\" style=\"\" rel=\"noopener\">retail tranche<\/a> of the IPO was 54.8x covered, while the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f4a2b315-f622-4068-9919-eb27535b33f0\" style=\"\" rel=\"noopener\">institutional tranche<\/a> was 20.2x oversubscribed, the highest demand a subscription period has seen in six years. All in all, the combined offering was 26x oversubscribed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And the first IPO of a bank on the EGX in 28 years: <\/strong>The state successfully sold a 30% stake in the CBE-owned United Bank, which hit the EGX earlier this month following a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c086b524-6ef6-49ed-bfb6-8a538ad83b83\/%253cmark%253eunited-bank%253c%2Fmark%253e%25e2%2580%2599s-retail-tranche-59x-oversubscribed-as-subscription-period-closes\" style=\"\" rel=\"noopener\">heavily oversubscribed IPO<\/a>. United Bank\u2019s retail offering was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c086b524-6ef6-49ed-bfb6-8a538ad83b83\/%253cmark%253eunited-bank%253c%2Fmark%253e%25e2%2580%2599s-retail-tranche-59x-oversubscribed-as-subscription-period-closes\" style=\"\" rel=\"noopener\">oversubscribed 59x<\/a>, while the offering\u2019s private placement was covered 6x. The offering as a whole was more than 8.6x oversubscribed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>2023 was a dry year for the IPO market: <\/strong>Last year saw only a single company make its EGX debut, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/41d67e8b-4427-475c-b038-6a7b19bbba31\/egx-voids-taqa-arabia-debut-following-83,000%2525-price-surge\" style=\"\" rel=\"noopener\">Taqa Arabia started trading on the EGX in July 2023<\/a> \u2014 in a technical listing, not an IPO \u2014 listing 1.35 bn shares on the exchange. No company has made its EGX debut since.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other activity on the EGX:<\/strong> Lotus for Agricultural Investments and Development <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3687a102-8391-4a01-916c-329794d96ee5\/the-next-enterprise-finance-forum-takes-place-on-24-september\" style=\"\" rel=\"noopener\">made the<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3687a102-8391-4a01-916c-329794d96ee5\/the-next-enterprise-finance-forum-takes-place-on-24-september\" style=\"\" rel=\"noopener\">move<\/a> from the EGX\u2019s small and medium enterprises market to the main market after spending a little over a year trading on the NileX.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s a lot of liquidity in the market<\/strong> as a hedge against devaluation and inflation, Amr Helal, CEO of sell-side investment bank at CI Capital, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d798aeb-af3b-4c50-8a81-cd8cc213e982\/industry-leaders-tell-us-what-to-look-out-for-in-2025\" style=\"\" rel=\"noopener\">said<\/a> during the EnterpriseAM Finance Forum in September. \u201cI think more needs to be done to encourage those investors, especially as interest rates come down and the easy money from parking funds in treasuries or government securities fades, to increase their allocation to the stock market,\u201d he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regional performance: <\/strong>Egypt came in second as the best MENA market for expected USD performance in 2024, in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c50a7461-d895-4682-ac59-cedbf547df24\/results-of-efg-hermes-research%25e2%2580%2599s-annual-one-on-one%253cmark%253e-live-poll%253c%2Fmark%253e-are-out\" style=\"\" rel=\"noopener\">EFG Hermes Research's annual One-on-One Live Poll<\/a> receiving 25% of the votes counted. Leading the pack was Saudi Arabia with 44%, while Dubai came in third with 12% and Abu Dhabi in fourth with 8%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The hot sectors for the year: <\/strong>Respondents were evenly split on which sectors will perform best in the MENA region this year, with 27% voting for real estate and an equal amount voting for healthcare. In third place was banks with 24% of the vote.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The year saw plenty of companies announce their intent to IPO on the EGX: <\/strong>In January, Raya Holding <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/56cee642-0a73-4ac2-ac97-1f8bbd61ed21\/egypt%25e2%2580%2599s-raya-auto-to-locally-assemble-china%25e2%2580%2599s-xpeng-evs-within-3-years\" style=\"\" rel=\"noopener\">announced<\/a> its plans to offer stakes in Raya Trade & Distribution, Raya IT, and Aman Financial Services \u201cwhen the market is ready to accommodate new offerings.\u201d The National Printing Company (NAPR) <a target=\"_blank\" 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\" style=\"\" rel=\"noopener\">will reportedly<\/a> make its EGX debut in 2H 2025. The company had initially planned to go public in the fourth quarter of this year but decided to delay the offering to await clearer market conditions. The EGX approved the temporary listing of the company in February.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What could be the largest-ever public share sale in Egypt got pushed back again: <\/strong> The Administrative Capital for Urban Development (ACUD) will be ready to make its EGX debut in 2025, chairman <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c97e865a-fd8a-4b88-9383-9546964ca6fc\/egypt%25e2%2580%2599s-central-bank-is-meeting-today-to-review-rates\" style=\"\" rel=\"noopener\">Khaled Abbas told local media<\/a> in May. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also in the pipeline for next year: <\/strong>Banque du Caire is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/10adebc3-db27-4d24-a0fe-2972d103622d\/egypt%25e2%2580%2599s-el-khatib-outlines-investment-ministry%25e2%2580%2599s-vision\" style=\"\" rel=\"noopener\">reportedly planning<\/a> to list in 2H 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some companies departed the EGX: <\/strong>This year witnessed the voluntary delisting of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b9bd295c-3bc4-43c9-94d3-e7227139980a\/idh-looks-to-delist-from-the-egyptian-stock-exchange\" style=\"\" rel=\"noopener\">Integrated<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b9bd295c-3bc4-43c9-94d3-e7227139980a\/idh-looks-to-delist-from-the-egyptian-stock-exchange\" style=\"\" rel=\"noopener\">Diagnostics Holdings (IDH)<\/a> due to \u201climited trading activity.\u201d Ezz Steel is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/32d4935f-a8f0-468a-8f4d-3bd1a2301f38\/more-volatility-in-2025\" style=\"\" rel=\"noopener\">also working to delist<\/a> its shares from the EGX. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New listing, delisting rules: <\/strong>In <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b1d18218-7c7c-4319-9d80-d356c53dee7a\/fra-issues-new-regulations-for-listing-and-delisting-on-the-bourse,-and-updates-spac-regulations\" style=\"\" rel=\"noopener\">September<\/a>, the Financial Regulatory Authority introduced new regulations for firms looking to delist from the Egyptian stock exchange, as well as new regulations for special purpose acquisition companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More diverse indices: <\/strong>In June, the EGX launched its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/74effee2-a8f2-48ca-b477-5a6fd4c8ca67\" style=\"\" rel=\"noopener\">first Sharia-complaint index<\/a>. The index\u2019s 33 listed companies represent 16 different sectors and have a maximum weight of 15% for any of them.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt welcomed its first SPAC: <\/strong> Impact investor Catalyst Partners\u2019 SPAC, Catalyst Partners Middle East <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1734a401-c514-45e5-86bd-ec176e5c4f87\/egypt%25e2%2580%2599s-first%253cmark%253e-spac%253c%2Fmark%253e-starts-trading-on-the-egx\" style=\"\" rel=\"noopener\">became Egypt\u2019s first SPAC<\/a>, listing 1 mn shares with a nominal value of EGP 10 per share during its EGX debut. The SPAC is looking to acquire six to ten companies \u2014 including two fintech and NBFS firms.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bf6f83bf-cf94-4686-a908-2e5c27b3c511\/egypt-launches-the-continent%25e2%2580%2599s-first%253cmark%253e-carbon-market%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">launched Africa\u2019s first carbon market<\/a><\/strong> in August. The market allows companies to issue and trade voluntary carbon certificates in Egypt and Africa, which can be bought by other companies wanting to offset their emissions. <\/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\">WHAT DOES 2025 HAVE IN STORE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Aiming for IPOs record: <\/strong>2025 is shaping up to be a busy year for IPOs on the EGX.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Primarily driven by government support: <\/strong>The Suez Canal Authority plans to list a stake in its subsidiary, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/02986738-c33c-4f19-8c5d-e7eb11a097ba\" style=\"\" rel=\"noopener\">Canal Company for Mooring and Lights<\/a>. The government also intends to offer stakes of up to 25% in Port Said Container & Cargo Handling and Damietta Container & Cargo Handling during <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f165bee9-56da-45c3-ab5a-2778c7ded5ba\/government-to-kick-off-the-new-year-with-a-port-privatization-push%3F\" style=\"\" rel=\"noopener\">1H 2025<\/a>. Additionally, <a target=\"_blank\" 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=\"\" rel=\"noopener\">10 companies<\/a> are slated for privatization via direct sales to strategic investors and\/or through EGX listing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Private sector players lining up for the market:<\/strong> Several private companies announced plans to go public on the EGX in 2025, including <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6a73f472-1962-487e-81a1-e1614da9298c\/%253cmark%253evalu%253c%2Fmark%253e-plans-to-ipo-within-a-year-%2B-jordan-expansion-pushed-back\" style=\"\" rel=\"noopener\">Valu<\/a>, <a target=\"_blank\" 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\" style=\"\" rel=\"noopener\">El Attal Holding<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5b2f99a4-03d4-42b1-9eb2-9c9a6f7bc2d9\/esim-services-are-months-away\" style=\"\" rel=\"noopener\">Al Ahly Group for Modern Agriculture<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0957f2c1-9347-4585-a177-3339bfcc352a\/steps-toward-launching-africa%25e2%2580%2599s-first-voluntary-carbon-market-are-gaining-traction\" style=\"\" rel=\"noopener\">Go Green for Agricultural Investment<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6342f21e-1531-4a03-875f-54c4faa3cbb1\/%253cmark%253ekorra%253c%2Fmark%253e-energi-to-offer-up-to-20%2525-of-company-in-upcoming-ipo\" style=\"\" rel=\"noopener\">Korra Energi<\/a>, which intends to list 20% of its shares. Other notable companies include <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/14219dce-59cd-4abf-83e6-357873712d5b\/%253cmark%253esmart%253c%2Fmark%253e-villages-to-make-its-egx-debut-in-an-ipo-next-year\" style=\"\" rel=\"noopener\">Smart Village<\/a> and <a target=\"_blank\" 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=\"\" rel=\"noopener\">Al Ahly Sabbour<\/a>, which has been eyeing an IPO since 2017. Other private sector players looking to make their EGX debuts next year include <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad884254-66d2-45cf-ada4-612e88318194\/real-estate-player%253cmark%253e-tabarak%253c%2Fmark%253e-holding-to-ipo-on-the-egx-by-2h-2025\" style=\"\" rel=\"noopener\">Tabarak Holding<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a8d26855-a0c2-4654-951e-b0030b6a04b8\/fresh-tourism-incentives-ahead%3F\" style=\"\" rel=\"noopener\">Enara Group<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/13b15866-b6e1-4e27-97cd-61f38cacc5ed\/%253cmark%253e%253c%2Fmark%253ewe%253cmark%253e%253c%2Fmark%253e%25e2%2580%2599%253cmark%253e%253c%2Fmark%253ell%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ehave%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253emore%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eon%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eqalaa%253cmark%253e%253c%2Fmark%253e%25e2%2580%2599%253cmark%253e%253c%2Fmark%253es%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edebt%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ebuyback%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esoon%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Basata Holding for Financial Investments<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IPO plans beyond 2025: <\/strong>The outlook for IPOs looks even brighter for the years beyond 2025, with several companies across different sectors gearing up for public offerings. These include <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15b40fd9-605e-448c-bce2-6bc1c2800aa8\/%253cmark%253egobus%253c%2Fmark%253e-wants-to-make-its-market-debut-by-2026\" style=\"\" rel=\"noopener\">GoBus<\/a>, which plans to list 30% of its shares by 2026, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/82c01c7a-094e-4036-8fea-9d85b76fb17a\/%253cmark%253emo-group%253c%2Fmark%253e-eyes-ipo\" style=\"\" rel=\"noopener\">MO Group for Food Industries<\/a>, which announced in December plans to offer up to 35% of its shares within three years. Other companies eyeing IPOs in the coming years include <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/37152594-d114-4b17-bdaf-1f8de641a886\/jade-textile-eyes-three-new-factories-for-usd-180-mn.-plus:-giza-spinning-and-weaving,-dhl,-ebda,-ashry-steel,-ecole-ducasse,-shell,%253cmark%253e-siac%253c%2Fmark%253e,-e-finance\" style=\"\" rel=\"noopener\">SIAC Holding<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f0c3bd68-188f-4de9-a7f1-0e444921f13d\/ksa%25e2%2580%2599s%253cmark%253e-adeer%253c%2Fmark%253e-wants-to-set-up-a-real-estate-fund-in-egypt\" style=\"\" rel=\"noopener\">Adeer International<\/a> (a subsidiary of Saudi Arabia\u2019s Sumo Holding), <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1b1e935f-df88-451f-9cff-448b62c32f49\/egypt-will-be-facing-spain-in-the-quarterfinal-of-the-men%25e2%2580%2599s-handball-tournament\" style=\"\" rel=\"noopener\">real estate player Arabia Holding<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e61d001a-ad4a-4b9d-a77f-d7300a6fdeed\/egypt-has-a-usd-500-mn-fertilizer-plant-in-the-making\" style=\"\" rel=\"noopener\">Friday Ice Cream<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/352bc0fd-1485-4e6e-ba3c-1eebfb98494f\" style=\"\" rel=\"noopener\">Al Gioshy Steel<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e3cbce8f-3024-45c9-9d6c-75f00e06c41b\/giz-support-for-egyptian-food-and-agriculture-smes\" style=\"\" rel=\"noopener\">Sun Way Egypt<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Derivatives will begin trading on the EGX in 2Q 2025<\/strong>, Financial Regulatory Authority Deputy <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5a9aa48f-d65e-4ac6-82e4-8a89f7255888\/futures-contracts-and-other%253cmark%253e-derivatives-%253c%2Fmark%253eto-hit-the-egx-in-2q-2025\" style=\"\" rel=\"noopener\">Chairman Islam Azzam said<\/a>. Azzam highlighted futures contracts for indices as being among the incoming additions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One of the largest ever capital increases on the EGX: <\/strong>Beltone Holding <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eb629527-b901-4123-8ce5-7abbb317c0cb\/%253cmark%253ebeltone%253c%2Fmark%253e-holding-announces-egp-10.75-bn-capital-increase\" style=\"\" rel=\"noopener\">will increase its<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eb629527-b901-4123-8ce5-7abbb317c0cb\/%253cmark%253ebeltone%253c%2Fmark%253e-holding-announces-egp-10.75-bn-capital-increase\" style=\"\" rel=\"noopener\">capital<\/a> by EGP 10.75 bn in a bid to support its growth strategy to strengthen its market position, leveraging data science to expand its financial services and expand its product offerings. <\/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\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/year-in-review-capital-markets-2\/\">YEAR IN REVIEW - CAPITAL MARKETS<\/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=\"657989\" 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=\"657989\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/govt-unveils-egp-30-bn-industrial-initiative\/\">\r\n                            Gov\u2019t unveils EGP 30 bn industrial initiative                        <\/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\/30\/govt-unveils-egp-30-bn-industrial-initiative\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The initiative aims to help private players finance the purchase of new machinery, equipment, and production lines.<\/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>Targeted sectors:<\/strong> The initiative targets the pharma, food, engineering, chemicals, ready-made garments, spinning and weaving, mining, and building materials sectors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A focus on Egypt\u2019s underdeveloped areas:<\/strong> The initiative gives priority to facilities located in border governorates, Upper Egypt, southern Giza, Port Said, Ismailia, and Suez. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What does it entail: <\/strong>The initiative provides beneficiaries with a subsidized interest rate of 15% for five years from the start date of the initiative, with a maximum financing limit of EGP 75 mn per client or a total of EGP 100 mn for related entities. The initiative also includes additional incentives tied to increasing local value-added products. If a company boosts its local value-added by 7-10% compared to the previous fiscal year, the interest rate will be reduced by 1 percentage point. If value added increases by more than 10%, a 1.5 percentage point reduction applies. Companies with high import volumes can also benefit from a 2 percentage point interest rate reduction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The initiative marks the latest in a long list of incentives introduced this year to support <\/strong><strong>industry <\/strong>\u2014 Read more about how the industrial sector fared in 2024 in our two-parter Inside Industry. Check out the stories <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/43a3c9a1-f3e4-4fde-8198-1e9611714a51\" style=\"\" rel=\"noopener\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/71e46035-840e-471f-a68f-4ad398538add\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"657991 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"657991\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/657991\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657991\" class=\"content-area-description single-story post-657991 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.grantthornton.eg\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2099.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"657992\" 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=\"657992\">\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 - M&amp;A<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/what-drove-egypts-ma-activity-in-2024\/\">\r\n                            What drove Egypt\u2019s M&amp;A activity 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\/30\/what-drove-egypts-ma-activity-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\/30\/what-drove-egypts-ma-activity-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\/30\/what-drove-egypts-ma-activity-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=What drove Egypt\u2019s M&#038;A activity in 2024?&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/what-drove-egypts-ma-activity-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\/30\/what-drove-egypts-ma-activity-in-2024\/&title=What drove Egypt\u2019s M&#038;A activity 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=What+drove+Egypt%E2%80%99s+M%26%23038%3BA+activity+in+2024%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F12%2F30%2Fwhat-drove-egypts-ma-activity-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\/30\/what-drove-egypts-ma-activity-in-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2499.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"657993\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/what-drove-egypts-ma-activity-in-2024\/2499-jpg-20\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2499.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2499.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2499.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2499.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657992\" class=\"content-area-description single-story post-657992 post type-post status-publish format-standard has-post-thumbnail hentry category-year-in-review-ma tag-enterpriseam tag-ma-watch tag-year-in-review-ma 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\/.2239595c-229c-4a8f-81ce-5792ab036ccb.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egypt has also seen a flurry of <\/strong><strong>M&A activity this year <\/strong>\u2014 further cementing its position as a key player in the global acquisitions landscape. Government-led transactions made headlines this year, with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9119be50-1b01-40b5-a340-4b20cf3bfb45\/abu-qir-fertizers%25e2%2580%2599-looks-to-green-hydrogen-to-help-power-ammonia-plant.-plus:-exxon-mobil,-instapay,%253cmark%253e-egypt-post%253c%2Fmark%253e,-abu-auf,-ezz-elarab,#:~:text=Egypt%20Post%20acquired,Kerir%20Petrochemicals%20(Sidpec)\" style=\"\" rel=\"noopener\">Egypt Post acquiring EGP 8.9 bn worth of stakes<\/a> from the National Investment Bank in seven EGX-listed companies. But the bulk of acquisitions occurred in the private sector, which we break down for you below.<\/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 class=\"tag-border-left\">YEAR-DEFINING M&AS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>The year was abuzz with M&A activity<\/strong>, but only a few transactions earned the title of being year-defining \u2014 those include: <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>#1- Philip Morris snapped up minority stake in Eastern Company:<\/strong> US-based tobacco giant Philip Morris International <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ab73b9e2-68ca-40d4-a968-98b5513b3243\/philip-morris-snaps-up-14.7%2525-stake-in%253cmark%253e-eastern-company%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">acquired an indirect 14.7% stake<\/a> in state-owned cigarette maker Eastern Company in May.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Shakeup at CIRA: <\/strong>CIRA Education\u2019s majority shareholder Social Impact Capital earned the Financial Regulatory Authority\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2551de28-8b02-4f16-83ec-b1cfbaeadcc2\/pif-backed-sic-gets-the-green-light-to-acquire-up-to-100%2525-of-cira-education\" style=\"\" rel=\"noopener\">green light<\/a> to acquire up to an additional 48.78% of CIRA through a mandatory tender offer. SIC has offered to purchase some 284.3 mn of CIRA\u2019s shares at EGP 15 a piece putting the transaction\u2019s value at EGP 4.26 bn. SIC currently holds a 51.2% stake in the country\u2019s leading private education company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>#3- B Investments acquired 70% <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/06c1b449-2601-4a3a-8415-e439ad2273ec\/%253cmark%253eb-investments%253c%2Fmark%253e-to-soon-snap-up-a-70%2525-stake-in-orascom-financial-holding.-plus:-al-ahly-capital-holding-acquires-51%2525-stake-in-easy-lease\" style=\"\" rel=\"noopener\">of Orascom Financial Holding<\/a><\/strong> through a share swap after owners of some 3.3 bn shares responded to B Investments\u2019 MTO for up to 90% of OFH. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>#4- Bidder for Raya Foods: <\/strong>Raya Holding <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7dbf7945-1620-41da-aab8-a5de87fa2f87\/raya-foods%e2%80%99-mystery-suitor-is-helios-investment-partners\" style=\"\" rel=\"noopener\">approved and initially accepted<\/a> Africa-focussed and London-based PE outfit Helios Investment Partners\u2019 USD 40 mn bid for 49% of subsidiary Raya Foods. Last we heard Raya Holding <a target=\"_blank\" 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%253cmark%253e-helios%253c%2Fmark%253e,-ict-misr,-orange-egypt\" style=\"\" rel=\"noopener\">has tapped<\/a> Attijariwafa Bank as its financial advisor and Baker McKenzie as its legal counsel for the transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ALSO FROM RAYA- <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d8b265c6-c9d4-4808-bf41-94517026a6ab\/africa50-completes-42.9%2525-stake-acquisition-of%253cmark%253e-raya%253c%2Fmark%253e%253cmark%253e-data%253c%2Fmark%253e-center\" style=\"\" rel=\"noopener\">Raya Holding sold a 42.9% stake in Raya Data Centers<\/a> to African infrastructure investment platform Africa50 for USD 15 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>#5- NYSE-listed <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6a8f9c6f-9164-44d5-8399-541525634445\/%253cmark%253eanglogold%253c%2Fmark%253e-to-acquire-centamin-next-month.-plus:-news-from-modon,-adeer,-abu-qir#:~:text=Inching%20closer%20to,for%2020%20November.\" style=\"\" rel=\"noopener\">AngloGold Ashanti acquired Centamin<\/a><\/strong>, gaining ownership of the Centamin-run Sukari mine in Egypt, one of the world\u2019s largest gold mines.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>#6- Bisco Misr is getting a new majority shareholder <\/strong>after American cereal and snack maker Kellanova <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e61806ff-4977-4b2d-a5ec-777351b3fc28\/kellanova-to-sell-its-entire-stake-in-bisco-misr-to-uae-based-hsa-group\" style=\"\" rel=\"noopener\">agreed to sell<\/a> its entire majority stake in Egypt\u2019s largest biscuit company to UAE-based business conglomerate Hayel Saeed Anam Group. The transaction is expected to close within weeks, according to <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/12\/28\/1857037\" style=\"\" rel=\"noopener\">Al Borsa<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">\n<p class=\"tag-border-left\">WE CAN EXPECT MORE TRANSACTIONS IN 2025-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>We\u2019re still waiting on Arla:<\/strong> Denmark's Arla Foods submitted a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3239e19b-5957-4421-9ce2-fa09f16d54c4\" style=\"\" rel=\"noopener\">non-binding offer<\/a> to acquire up to 100% of EGX-listed dairy company Domty in a transaction that valued the company at some USD 183 mn. Last we heard, Arla was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aae6db9d-ba00-47ce-a6ca-873528b02da4\/raya-foods-eyes-usd-20-mn-factory-to-boost-exports\" style=\"\" rel=\"noopener\">given the go-ahead<\/a> by Domty\u2019s board to conduct due diligence. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Stay on the lookout for: <\/strong>Clothing manufacturer T&C Garments plans to offer <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3a9fef67-e925-4b8c-b4ba-66ec64f40eea\/%253cmark%253et&c%253c%2Fmark%253e-garments-looks-to-sell-up-to-25%2525-of-the-company-to-foreign-investors.-plus:-tanmeyah-micro-ins.,-cib-housing-initiative,-aton-gold-exploration-lease,-cabinet-news,-new-development-bank#:~:text=T%26C%20plans,Al%20Arabiya.\" style=\"\" rel=\"noopener\">20-25% of the company\u2019s shares<\/a> to foreign investment funds, the company\u2019s chairman told Al Arabiya back in January. There haven\u2019t been any updates on the sale since. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- <\/strong>Earlier this month, Axa Egypt and Morocco\u2019s Wafa Assurance <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8cbf1ee3-522f-4804-a4bf-29b5cb63d6bd\/axa,-wafa-assurance-express-interest-in-buying-up-to-100%2525-of%253cmark%253e-delta%253c%2Fmark%253e-ins.\" style=\"\" rel=\"noopener\">each registered their<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8cbf1ee3-522f-4804-a4bf-29b5cb63d6bd\/axa,-wafa-assurance-express-interest-in-buying-up-to-100%2525-of%253cmark%253e-delta%253c%2Fmark%253e-ins.\" style=\"\" rel=\"noopener\">interest<\/a> through non-binding offers to buy up to 100% of Egypt Kuwait Holding (EKH) subsidiary Delta Ins.\u2019 shares through mandatory purchase offers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/year-in-review-ma\/\">YEAR IN REVIEW - M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"657994\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"657994\">\r\n            \r\n                <div 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rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2503.jpg?ssl=1\"\/><\/a><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>O<\/span><span>pportunity is rarely a straight line. <\/span><span>Our international network connects you to what\u2019s next. <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.hsbc.com.eg\/\" style=\"\">Search HSBC Egypt<\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"657995\" 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=\"657995\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/al-ahly-capital-ups-stake-in-easy-lease-to-97-6\/\">\r\n                            New acquisition ups Al Ahly\u2019s stake in Easy Lease to 97.6%                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1258.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"657996\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/al-ahly-capital-ups-stake-in-easy-lease-to-97-6\/1258-jpg-12\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1258.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1258.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1258.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1258.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657995\" class=\"content-area-description single-story post-657995 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-al-ahly-capital-holding tag-al-ahly-pharos tag-easy-lease tag-enterpriseam tag-ma-watch 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\/.2551d710-afe9-4dd9-9ac7-4dafd8e3dc65.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Al Ahly Capital Holding now owns 97.6% of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/easyleaseegypt.com\/\" style=\"\" rel=\"noopener\">Easy Lease<\/a><\/strong>, after the National Bank of Egypt\u2019s investment arm acquired an additional 93.1 mn shares \u2014 equivalent to a 46.6% stake \u2014 of the local financial leasing services provider from Elsewedy Capital for an undisclosed sum, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/2440.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The share increase comes after the company acquired a 51% stake in Easy Lease back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/06c1b449-2601-4a3a-8415-e439ad2273ec\/b-investments-to-soon-snap-up-a-70%2525-stake-in-orascom-financial-holding.-plus:-al-ahly-capital-holding-acquires-51%2525-stake-in-easy-lease\" style=\"\" rel=\"noopener\">April<\/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>Behind the acquisition: <\/strong>Al Ahly Capital Managing Director Karim Saada said the acquisition came under its strategy to enhance lending activity within its NBFIs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors: <\/strong>Al Tamimi & Company served as legal advisors, while Al Ahly Pharos acted as financial advisor. Al Ahly Pharos Securities Brokerage was the broker for the transaction.<\/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\/al-ahly-capital-holding\/\">Al Ahly Capital Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-ahly-pharos\/\">Al Ahly Pharos<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/easy-lease\/\">Easy Lease<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/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=\"657997\" 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=\"657997\">\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\">Automotive<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/al-mansour-auto-saics-usd-135-mn-mg-manufacturing-plant-to-go-live-in-2026\/\">\r\n                            Al Mansour Auto, SAIC\u2019s USD 135 mn MG manufacturing plant to go live in 2026                        <\/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\/30\/al-mansour-auto-saics-usd-135-mn-mg-manufacturing-plant-to-go-live-in-2026\/\" 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\/30\/al-mansour-auto-saics-usd-135-mn-mg-manufacturing-plant-to-go-live-in-2026\/')\">\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\/30\/al-mansour-auto-saics-usd-135-mn-mg-manufacturing-plant-to-go-live-in-2026\/\">\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=Al Mansour Auto, SAIC\u2019s USD 135 mn MG manufacturing plant to go live in 2026&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/al-mansour-auto-saics-usd-135-mn-mg-manufacturing-plant-to-go-live-in-2026\/\">\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\/30\/al-mansour-auto-saics-usd-135-mn-mg-manufacturing-plant-to-go-live-in-2026\/&title=Al Mansour Auto, SAIC\u2019s USD 135 mn MG manufacturing plant to go live in 2026\">\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=Al+Mansour+Auto%2C+SAIC%E2%80%99s+USD+135+mn+MG+manufacturing+plant+to+go+live+in+2026+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F12%2F30%2Fal-mansour-auto-saics-usd-135-mn-mg-manufacturing-plant-to-go-live-in-2026%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\/30\/al-mansour-auto-saics-usd-135-mn-mg-manufacturing-plant-to-go-live-in-2026\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2497.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"657998\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/al-mansour-auto-saics-usd-135-mn-mg-manufacturing-plant-to-go-live-in-2026\/2497-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2497.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2497.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2497.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2497.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657997\" class=\"content-area-description single-story post-657997 post type-post status-publish format-standard has-post-thumbnail hentry category-automotive tag-automotive tag-enterpriseam tag-mansour-group tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.8d8c08e5-9b9c-4914-8ded-3f85145677c7.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Fresh details on the Al Mansour Automotive\u2019s MG manufacturing plant: <\/strong>Al Mansour Automotive and Chinese state-owned SAIC will invest some USD 135 mn on their factory for the manufacture of SAIC-owned brand MG vehicles, according to a cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02D5XDakhTpVgwhijqDdBq5ZUzKF91BXPZpKqMM6db4Nu5EuAkBnhDzVWG3BKSZn9Rl\" style=\"\" rel=\"noopener\">statement<\/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>Land for the project secured: <\/strong>The Transport Ministry inked a land usufruct agreement with Al Mansour Auto, granting it a 126k sqm plot in New October City for its factory. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Mansour secures technical licensing for the project: <\/strong>SAIC inked an agreement granting Al Mansour Auto the technical license to produce MG cars in Egypt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The factory will have a production capacity of 50k units annually during its first phase and its production capacity is set to double during its second phase. The facility will include body, paint, and assembly workshops, and will create some 10k direct and indirect jobs. The factory is set to kick off production in 2Q 2026 and will have a local component ratio exceeding 45%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The factory will produce the MG5 Sedan model<\/strong>, but Al Mansour has future plans to begin manufacturing four-wheel drive vehicles and EVs, according to a separate <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0RrJ3BSKpYYLEdDNxK7RiCvsY9sHXnM6NToZHhVYerG8RvZ65JoheimkDiJTwuEqgl\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A confirmation after weeks of unconfirmed reports: <\/strong>The news follows weeks of unconfirmed reports regarding the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a13f17d5-404b-48f6-9659-a93d71ef029b\/al-mansour-automotive-and-china%E2%80%99s-saic-to-build-mg-assembly-plant\" style=\"\" rel=\"noopener\">partnership, the factory<\/a>, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/937c968c-87cd-49f3-8d08-389e98565f59\/gov%25e2%2580%2599t-allocates-plot-for-al-mansour-automotive-and%253cmark%253e-saic%253c%2Fmark%253e%25e2%2580%2599s-mg-assembly-plant\" style=\"\" rel=\"noopener\">land usufruct agreement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The MG factory aims to meet export and local demand<\/strong> and is part of broader government efforts to localize the auto industry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A long time coming: <\/strong>The two have been working together for some time now, with Al Mansour <a target=\"_blank\" href=\"https:\/\/enterprise.press\/stories\/2018\/08\/16\/al-mansour-becomes-exclusive-distributor-for-mg-in-egypt-to-invest-egp-400-mn-by-2022\/\" style=\"\" rel=\"noopener\">securing the rights<\/a> to be MG\u2019s exclusive distributor in Egypt back in 2018. Just a year after this, we <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9532db0-b4fb-4571-9feb-cf484ec433dc\/egypt-made-mg-cars-soon-as-mansour-signs-manufacturing-jv-agreement\" style=\"\" rel=\"noopener\">first heard<\/a> about Al Mansour Automotive\u2019s plans to produce MG-badged vehicles in partnership with MG Motor parent company SAIC.<\/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\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\/mansour-group\/\">Mansour Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"657999\" 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=\"657999\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/efg-finances-bedaya-issues-egp-1-8-bn-in-securitized-bonds-contact-al-ahly-leasing-close-securitization-rounds\/\">\r\n                            EFG Finance\u2019s Bedaya issues EGP 1.8 bn in securitized bonds                        <\/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\/30\/efg-finances-bedaya-issues-egp-1-8-bn-in-securitized-bonds-contact-al-ahly-leasing-close-securitization-rounds\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2491.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"658000\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/efg-finances-bedaya-issues-egp-1-8-bn-in-securitized-bonds-contact-al-ahly-leasing-close-securitization-rounds\/2491-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2491.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2491.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2491.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2491.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-657999\" class=\"content-area-description single-story post-657999 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-al-ahly-leasing-and-factoring-company tag-bedaya-mortgage-finance tag-contact-financial tag-debt tag-debt-watch tag-efg-hermes tag-enterpriseam tag-securitization 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\/.ae59b4bb-185d-43db-b154-1b33538cffbc.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The end-of-year securitization rush continues: <\/strong>A number of entities announced closing securitization issuances other the past 24 hours. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DATA POINT- <\/strong>These issuances bring the total value of securitized bonds issued in Egypt this year to EGP 38.0 bn \u2014 58.3% less than the amount raised in the same period last year \u2014 according to data tracked by EnterpriseAM.<\/p>\n<p class=\"tag-border-left\">BEDAYA CLOSES FIFTH SECURITIZATION ROUND- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bedaya closes EGP 1.8 bn securitization round: <\/strong>Bedaya Mortgage Finance, a subsidiary of EFG Holding\u2019s NBFI arm EFG Finance, has completed an EGP 1.8 bn securitization issuance, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/2466.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The issuance is the company\u2019s fifth ever, and third of a wider <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3ac6b59b-9cb0-40c8-a38b-17be4fa01d31\/efg-finance%25e2%2580%2599s%253cmark%253e-bedaya%253c%2Fmark%253e-issues-egp-1.4-bn-in-securitized-bonds\" style=\"\" rel=\"noopener\">EGP 10 bn program<\/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>The details: <\/strong>The issuance included four tranches with tenors ranging from 13 to 81 months which receive credit ratings from AA to A- from the Middle East Ratings and Investors Service (MERIS). The issuance was backed by a receivables portfolio from GB Corp\u2019s Capital for Securitization as the issuance\u2019s special purpose vehicle. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who bought in?<\/strong> The National Bank of Egypt (NBE), Arab Banking Cooperation, and SAIB Bank were among the transaction\u2019s subscribers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors: <\/strong>EFG Hermes acted as sole financial advisor and transaction manager. It was also bookrunner, underwriter and arranger. Abu Dhabi Commercial Bank was the custodian bank. Barakat, Maher & Partners in collaboration with Clyde & Co provided legal advisory, while Sherif Mansour Dabus-Russel Bedford served as the auditor. NBE and Al Baraka Bank were underwriters.<\/p>\n<p class=\"tag-border-left\">CONTACT FINANCIAL CLOSES ITS 45TH SECURITIZATION ISSUANCE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Contact Financial has closed an EGP 1.2 bn securitization issuance<\/strong>, its second this year, the non-banking financial services player announced in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/2429.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The bonds were issued by Contact\u2019s Sarwa Securitization and backed by a Contact Credit portfolio.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The issuance included three tranches<\/strong> with maturities ranging from 13 to 60 months, receiving AA+, AA, and A ratings from MERIS. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The buyers:<\/strong> Al Ahli Bank of Kuwait and CIB were among the issuance\u2019s subscribers, alongside several money market funds, the statement noted. Al Ahli Bank of Kuwait, CIB, CI Capital, Contact, and Al Ahly Pharos were underwriters.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s been a busy year for the firm: <\/strong>The issuance marks Contact Financial\u2019s second of the year, following an EGP 1.04 bn issuance in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aef27bc7-6220-4f1b-8252-7d990a6b1f26\/contact-financial-raises-egp-1.04-bn-in-its-first-securitized-bond-issuance-for-2024\" style=\"\" rel=\"noopener\">May<\/a>. The company also opened its first branch in Dubai in <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:%253cmark%253e-contact%253c%2Fmark%253e%253cmark%253e-financial%253c%2Fmark%253e,-brotinni,-isis-organic,-efg-hermes,-ayadi,-vacsera\" style=\"\" rel=\"noopener\">September<\/a>, with further regional and European expansions \u2014 as well as plans to establish a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cadac232-6d96-4430-97f6-1f8c2928f984\/%253cmark%253econtact%253c%2Fmark%253e%253cmark%253e-financial%253c%2Fmark%253e-is-setting-up-an-ins.-consultancy-firm.-plus:-news-from-banque-misr,-visa,-misr-ins.,-emaar-misr\" style=\"\" rel=\"noopener\">new ins. consultancy<\/a> \u2014 also on the cards. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors: <\/strong>Contact served as the issuance manager and promoter, while the Arab African International Bank acted as the custodian and placement agent. Our friends at ALC Alieldean Weshahy & Partners provided legal counsel, while KPMG served as auditor.<\/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\">AL AHLY LEASING AND FACTORING CLOSES SECURITIZATION ISSUANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Ahly Leasing and Factoring has raised EGP 878 mn from a securitized bond issuance<\/strong>, its second under a three-year EGP 4 bn program, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/2487.pdf\" style=\"\" rel=\"noopener\">statement<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/2487.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a> from legal counsel Dreny & Partners. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The issuance was backed by a portfolio of receivables originated by Al Ahly Leasing and Factoring and it came in three tranches rated AA+ to A.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advisors:<\/strong> Al Ahly Pharos acted as the financial advisor and lead arranger for the transaction, also serving as underwriter alongside the NBE, Arab African International Bank, and Banque du Caire. NBE acted as the custodian, Banque du Caire as the bookrunner, and Baker Tilly as the official auditor. Dreny & Partners acted as counsel.<\/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\/al-ahly-leasing-and-factoring-company\/\">Al Ahly Leasing and Factoring Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bedaya-mortgage-finance\/\">Bedaya Mortgage Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/contact-financial\/\">Contact Financial<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/securitization\/\">securitization<\/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=\"658001 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=\"658001\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/658001\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-658001\" class=\"content-area-description single-story post-658001 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\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=\"658002\" 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=\"658002\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/klivvr-to-launch-consumer-finance-arm\/\">\r\n                            Klivvr to launch consumer finance arm                        <\/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\/30\/klivvr-to-launch-consumer-finance-arm\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The company will integrate these services with its existing offerings, including digital payments, rewards, and family-wide account management through a unified app.<\/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\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\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/klivvr\/\">Klivvr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/non-banking-financial-institutions\/\">non-banking financial institutions<\/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=\"658004\" 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=\"658004\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/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\/30\/businesses-are-bracing-for-trump-tariffs-with-frontloading-and-price-hikes\/\">\r\n                            Businesses are bracing for Trump tariffs with frontloading and price hikes                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/businesses-are-bracing-for-trump-tariffs-with-frontloading-and-price-hikes\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/344.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"658005\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/businesses-are-bracing-for-trump-tariffs-with-frontloading-and-price-hikes\/344-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/344.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"344.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/344.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/344.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-658004\" class=\"content-area-description single-story post-658004 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-china tag-donald-trump tag-enterpriseam tag-planet-finance tag-supply-chain tag-trade 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\/.7655de91-4781-474c-ae16-69ac75cb88b0.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Bracing for impact: <\/strong>US and European businesses are preparing for an anticipated US wave of tariffs by frontloading orders and considering price hikes, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/features\/2024-12-26\/trump-tariffs-how-importers-shippers-worldwide-are-preparing?srnd=phx-economics-v2\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. These potential tariffs are creating more uncertainty for businesses, which had already pivoted some of their operations and supply chains to address tariffs and policies under US president-elect Donald Trump\u2019s first presidency in 2018.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Several companies are frontloading <\/strong><strong>orders and shifting their supply chain from countries expected to be targeted by tariffs,<\/strong> while others are seeking new suppliers or renegotiating terms with existing ones. Meanwhile, US container gateways are experiencing a surge in inbound shipments \u2014 a trend that is expected to continue until the spring of 2025, CEO of Long Beach\u2019s port Mario Cordero said.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A costly strategy: <\/strong>The increasing pace of frontloading can lead to higher shipping costs and potentially create bottlenecks at US ports, said Citigroup Inc. senior global economist Robert Sockin. Meanwhile, potential port strikes in the US in the upcoming weeks add more chaos to the global trading system, fueling frontloading orders and stock build-up.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The looming tariffs are also pushing companies to consider price hikes to maintain their <\/strong><strong>net income margins<\/strong>. However, price hikes will have to be limited for these companies to remain competitive.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> President-elect Donald Trump, set to take office on 20 January, has proposed a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/463cf513-b898-43a4-9774-0f0ec44819ab\/how-will-the-incoming-trump-administration-affect-the-markets%3F\" style=\"\" rel=\"noopener\">60% tariff<\/a> on Chinese goods, followed by an additional 10%, as well as a 10% tariff on imports from other countries. Separate tariffs targeting <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/a3750e5d-dff0-4655-b168-f1c729c147f2\/this-morning:-investigations-launched-into-the-murder-of-israeli-rabbi-%2B-adnoc-hints-at-secondary-share-sale-for-adnoc-gas\" style=\"\" rel=\"noopener\">Canadian and Mexican goods<\/a> have also been suggested, leaving businesses scrambling to adapt to the potential cost increases and supply chain disruptions.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chinese businesses are also exploring alternatives:<\/strong> Several Chinese companies are expanding into other markets in Europe and Southeast Asia in preparation for US tariffs, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-16\/china-s-factories-seek-to-trump-proof-business-by-going-global\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported earlier. Some firms are considering establishing production operations in the US, aiming to completely avoid tariffs, while others are planning to rely on Chinese customers, capitalizing on their large order capacity.<\/p><p class=\"tag-border-left\">MARKETS THIS MORNING-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mixed this morning, <\/strong>with Japan\u2019s Nikkei down 0.7%, Australia\u2019s ASX 200 down 0.6%, while Shanghai Composite is up 0.2% in early trading. Meanwhile, Dow, Nasdaq, and S&amp;P futures were all slightly down in overnight trading.<\/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\">29,594<\/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% (YTD: +18.9%)<\/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>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 50.79<\/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-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 50.80<\/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 50.90<\/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-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>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\">11,893<\/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: -0.3%)<\/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>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-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 93,415<\/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\">-1.8% (YTD: +121.0%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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href=\"https:\/\/enterpriseam.com\/egypt\/blackboard\/\">\r\n                            Read Blackboard                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">12<\/div>\r\n\r\n                        <p class=\"f-graphik\">BLACKBOARD<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/how-egypts-education-sector-fared-in-2024\/\">\r\n                            How Egypt\u2019s education sector fared in 2024<\/a>\r\n                        <\/h3>\r\n                        \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" 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                 <a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/how-egypts-education-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\/2489.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" sizes=\"(max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"658007\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/how-egypts-education-sector-fared-in-2024\/2489-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2489.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2489.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2489.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2489.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-658006\" class=\"content-area-description post-658006 blackboard type-blackboard status-publish has-post-thumbnail hentry category-blackboard tag-blackboard tag-education tag-enterprise-blackboard tag-enterpriseam wpautop entry\">\n\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\"> <strong>Egypt\u2019s education sector underwent a seismic shift in 2024<\/strong>, driven by sweeping policy reforms, mounting economic pressures, and a push to attract global attention. From an overhaul of the Thanaweya Amma system to the rollout of a foundation year for universities, the government sought to modernize the education system while grappling with the financial fallout of the float of the EGP. The year brought both hurdles and opportunities, reshaping the landscape for students, parents, educators, and investors. Here\u2019s how the sector evolved over the past 12 months.<\/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 start of 2024 saw Egypt announce <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/75d2212f-8d71-4ab2-bcac-69b979bf5ede\/what-we-know-about-the-government%25e2%2580%2599s-plan-to-overhaul-the-thanawya-amma-system\" style=\"\" rel=\"noopener\">sweeping reforms to the Thanaweya Amma<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/75d2212f-8d71-4ab2-bcac-69b979bf5ede\/what-we-know-about-the-government%25e2%2580%2599s-plan-to-overhaul-the-thanawya-amma-system\" style=\"\" rel=\"noopener\">system<\/a><\/strong>, aiming to bring it in line with international standards like the British IGCSE and the American SAT admission tests. The new model, set to roll out in the 2026-27 academic year, will allow students to choose from flexible academic tracks beyond the current science and literature divisions. \u201cThe system is being developed alongside industry professionals and international experts so it is up to par with international standards,\u201d a source from the Education Ministry told EnterpriseAM at the time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9c3c7bb9-2f43-4330-a494-6ed10693367a\/education-ministry-unveils-plan-to-restructure-thanaweya%253cmark%253e-amma%253c%2Fmark%253e,-address-teacher-shortage\" style=\"\" rel=\"noopener\">revamped system<\/a><\/strong><strong> will introduce significant changes to high school grading.<\/strong> Only six subjects will count toward the final grades of first- and second-year students in high school, down from ten and eight, respectively. Meanwhile, third-year students will only take five graded subjects instead of seven. Second foreign languages, geology, psychology, and religious studies will all become pass\/fail subjects, meaning they won\u2019t impact the final grade.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The reforms have been met with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/77404913-fead-461a-90c4-b598c89ef852\/dissecting-the-new-thanaweya-amma-system-and-what-it-means-for-international-schools\" style=\"\" rel=\"noopener\">mixed reactions<\/a><\/strong><strong>: <\/strong>While the move could ease student pressures and curb private tutoring, concerns linger over rushed implementation and teacher readiness. Private schools remain optimistic, citing sustained demand for international education, though private investment faces hurdles from rising costs and regulatory challenges. The government is working to balance the sector by improving access and encouraging private sector growth, but the system\u2019s true impact remains to be seen.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another major change on the horizon is the <\/strong><a target=\"_blank\" rel=\"noopener\">formal introduction of a foundation year<\/a><a target=\"_blank\" rel=\"noopener\">system<\/a> <strong>, set to roll out by 2025-26.<\/strong> Designed as a credit-hour program, the system allows students to boost their scores with bonus points expected to range between 5-10%, making previously inaccessible faculties attainable. While optional, the program excludes public universities, pushing demand toward private institutions. Other legislative amendments are currently in progress, with plans to standardize regulations in line with international norms, making Egypt a competitive hub for education tourism and reducing the need for students to study abroad.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government is also shaking up grading for Arabic, religion, social studies, and <\/strong><strong>history in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f0adfb6b-5cb2-4a35-b4cc-0e134e0c06dd\/international-schools-and-parents-express-mixed-reactions-towards-curriculum-amendments\" style=\"\" rel=\"noopener\">international schools<\/a><\/strong><strong>. <\/strong>Beginning September 2025, these subjects will count toward end-of-year grades for international school students, contributing 10% each. The changes aim to strengthen national identity, with subjects taught across various grades. While officials call it a move in the right direction, parents and some schools argue it disrupts international curricula. Schools are preparing alternative proposals, but the Education Ministry has so far remained firm in the decision.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Educators, parents, and students felt the full impact of the float, <\/strong>as soaring costs <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a915ddaf-dc01-4185-8f23-1d541e2c8301\/how-are-private-and-international-schools-navigating-elevated-costs-post-float%3F\" style=\"\" rel=\"noopener\">strained Egypt\u2019s education sector across the board<\/a>. International and private schools struggled to balance rising operational expenses with government-imposed tuition caps, leaving many institutions on precarious financial footing. Schools faced mounting challenges, from skyrocketing FX-linked teacher salaries to higher fuel and material costs, prompting a wave of negotiations with the Education Ministry for more flexible tuition policies. Parents, meanwhile, braced for higher fees and ancillary costs, such as transportation and uniforms, as schools sought to pass on some of the financial strain. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The gov\u2019t wants to attract more foreign students to ease FX pressures:<\/strong> Schools have rolled out installment plans and creative cost-cutting measures, while <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c9e33e01-a5c9-427c-b445-8f7688b5c027\/tuition-fees-at-private-and-international-universities-expected-to-increase-as-the-country-welcomes-a-new-academic-year\" style=\"\" rel=\"noopener\">universities<\/a> have leaned on foreign students and international partnerships to mitigate the financial blow. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d8bd6e0-c351-4a8d-9721-7c2372c1b5b2\/in-the-wake-of-the-egp-float,-are-universities-reconsidering-the-cost-of-student-exchange-programs%3F\" style=\"\" rel=\"noopener\">Study abroad programs<\/a>, hit hard by the volatile exchange rate, have been reimagined with shorter, more affordable alternatives and scholarship opportunities for exceptional students. At the same time, government efforts to internationalize education \u2014 by attracting more Arab and African students \u2014 are helping to offset FX pressures and position Egypt as a regional education hub.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So, how have international student numbers held up?<\/strong> The government is pushing to attract <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5155f888-0dc6-472c-a661-ab800249093c\/how-are-state-plans-to-increase-the-number-of-international-students-enrolled-in-state-universities-playing-out%3F\" style=\"\" rel=\"noopener\">200k international students to Egyptian universities by 2030<\/a>, targeting USD 2 bn in education tourism revenue. Enrollment has been steadily climbing, with 30k international students expected this year, up from 26k last year and just 8.3k in 2018-19. Flagship schools like Cairo University, Mansoura University, and Alexandria University are the top choices, partly due to their accreditation by Gulf-based education ministries. However, higher tuition fees could test the appeal, with popular faculties like medicine now costing USD 8k, up from USD 2.1k in 2021. Additionally, while the influx of foreign students boosts cultural exchange and revenue, it\u2019s also tightening competition for seats, raising public university admissions thresholds for Egyptian students.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s transnational higher ed sector sees steady growth:<\/strong> Egypt\u2019s higher education landscape now hosts over <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4fd5cd79-93dd-4dff-a0d3-69d32d31ff6a\/what-do-foreign-universities-see-in-the-egyptian-market-and-what-challenges-are-they-facing%3F\" style=\"\" rel=\"noopener\">100 foreign institutions<\/a> operating through international branch campuses (IBCs), joint and dual degrees, franchises, and other partnerships. The government\u2019s push is driven by a booming youth population, limited local capacity, and demand for affordable alternatives to overseas education amid FX pressures. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But it\u2019s not all smooth sailing: <\/strong>FX shortages have stalled construction on new campuses, regulatory gaps for non-IBC models leave room for confusion, and private investors are footing hefty bills for IBC infrastructure. While the UK leads the pack, growth from Germany and the US is picking up as the market diversifies. Meanwhile, Egypt still faces brain drain, with more students opting to study abroad despite the local push.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government is also <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1a949c56-2f7a-42cf-a50c-2a4a68a32b4e\/will-the-government-move-towards-issuing-licenses-for-foreign-teachers-to-work-in-egypt%3F\" style=\"\" rel=\"noopener\">exploring stricter regulation of foreign teachers in Egypt<\/a><\/strong><strong>, <\/strong>evaluating a proposal from the Teachers Syndicate to require foreign educators to obtain licenses before working in international schools or tutoring centers. The plan aims to verify qualifications, establish a comprehensive registry, and channel license fees into salary increases and infrastructure upgrades. While international schools are already monitored, critics say private tutoring centers and language institutes \u2014 where unqualified teachers often work \u2014 pose a bigger challenge. Rising operational costs and FX instability are also pushing some schools to reduce reliance on foreign teachers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of private tutoring centers, the Ministry\u2019s new AI platform seeks to shake things <\/strong><strong>up:<\/strong> The ministry is piloting an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/afe41f94-5aca-4830-ab4c-c25916582809\/the%253cmark%253e-education%253c%2Fmark%253e-ministry%25e2%2580%2599s-new%253cmark%253e-ai%253c%2Fmark%253e-powered%253cmark%253e-education%253c%2Fmark%253e-platform-takes-aim-at-private-tutoring-industry\" style=\"\" rel=\"noopener\">AI-powered platform<\/a> aimed at cutting reliance on costly private lessons. Accessible to students in public, private, and language schools via a code-based system, the platform offers interactive learning tools, progress tracking, and automated grading. Public school students can use it for free, while private school students will pay a small fee. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next for national universities?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bd9fd4c2-5039-4fd4-a90b-da8111564e45\/diving-into-the-government%25e2%2580%2599s-plan-for-national-universities\" style=\"\" rel=\"noopener\">Eight new national universities are set to open next<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bd9fd4c2-5039-4fd4-a90b-da8111564e45\/diving-into-the-government%25e2%2580%2599s-plan-for-national-universities\" style=\"\" rel=\"noopener\">year<\/a> in locations including Cairo, Kafr El Sheikh, Sohag, and New Valley, bringing the total to 28. These institutions aim to address rising demand for affordable, high-quality education with programs aligned to labor market needs. While offering mid-range tuition fees and modern curricula, challenges like accreditation and rural-urban disparities persist. Private sector involvement could play a bigger role as the government explores incentives to boost investment in underserved areas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plans to ramp up investments in private education:<\/strong> Egypt is betting on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/48163c9d-2a8f-4592-9dbe-ab1606528a4c\/will-golden-licenses-spark-a-revival-in-egypt%25e2%2580%2599s-private-education-sector%3F\" style=\"\" rel=\"noopener\">golden licenses<\/a> to reignite private education investment, fast-tracking approvals and lowering barriers with tax breaks and reduced land requirements. With demand surging, the goal is 1k new schools by 2030, but insiders warn that without legislative reform and inflation-adjusted policies, the plan may fall short.<\/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\/blackboard\/\">Blackboard<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"658008\" 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\/30\/658008\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-658008\" class=\"content-area-description single-story post-658008 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;\">2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">January: CBE to launch InstaPay remittances for Egyptians abroad<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">February: Orascom Pyramids Entertainment to bring total investments in the Pyramids Plateau to EGP 1.5 bn<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1 January (Wednesday): The minimum pension will <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0AuG4sE6XqJHZFNt85jbQW7k9u1dgwtmCJK27h1VgQHQ5n2YKnDFX6wGVj3kRPGKgl\" style=\"\">increase<\/a><\/span><span style=\"font-weight:400;\"> to EGP 1.5k, and the maximum to EGP 11.6k<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1 January (Wednesday): Launch of the urgent <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0J6EcHtfaLPMoMkf97jebS7ikmatvZsPRwFfNrC34KTRMBPZemxC5saJU2mEKEvBWl\" style=\"\">plan<\/a><\/span><span style=\"font-weight:400;\"> for the National Population and Development Strategy.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14 January (Tuesday): The 4th edition of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/share\/v\/1GhaaZRjmj\/\" style=\"\">Egypt Economic Summit<\/a><\/span><span style=\"font-weight:400;\"> will take place.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28 January (Tuesday): Nigeria to inaugurate the USD 5 bn Africa Energy Bank in Abuja <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28-29 January (Tuesday-Wednesday): US Federal Reserve\u2019s Federal Open Market Committee meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>January 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/12\/19\/%D8%A7%D9%84%D8%B3%D9%81%D9%8A%D8%B1-%D8%A7%D9%84%D8%A3%D9%84%D9%85%D8%A7%D9%86%D9%8A-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%85%D8%B3%D8%AA%D8%AB%D9%85%D8%B1%D9%88%D9%86-%D8%A3%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D8%B2%D9%88%D8%B1%D9%86-%D9%85%D8%B5%D8%B1-%D9%81%D9%8A-%D9%8A%D9%86%D8%A7%D9%8A%D8%B1-%D9%88%D8%A3%D8%A8%D8%B1%D9%8A%D9%84-2025\" style=\"\">Bavarian Delegation<\/a><\/span><span style=\"font-weight:400;\"> visit to Egypt <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-19 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egypes.com\/conferences\/technical-conference\/?utm_content=&CNAME=Enterprise%20Mea&CID=&utm_campaign=TC%20Speaker%20Announcement&utm_medium=email&utm_source=Adestra\" style=\"\">EGYPES Technical Conference<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibition Center, Cairo, Egypt. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">18-19 February (Saturday-Sunday): German-Egyptian Joint Economic Committee meetings, Cairo, Egypt <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">7-10 April 2025 (Monday-Thursday): EFG Hermes One on One conference, Dubai, UAE <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>April 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/12\/19\/%D8%A7%D9%84%D8%B3%D9%81%D9%8A%D8%B1-%D8%A7%D9%84%D8%A3%D9%84%D9%85%D8%A7%D9%86%D9%8A-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%85%D8%B3%D8%AA%D8%AB%D9%85%D8%B1%D9%88%D9%86-%D8%A3%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D8%B2%D9%88%D8%B1%D9%86-%D9%85%D8%B5%D8%B1-%D9%81%D9%8A-%D9%8A%D9%86%D8%A7%D9%8A%D8%B1-%D9%88%D8%A3%D8%A8%D8%B1%D9%8A%D9%84-2025\" style=\"\">Saxony Delegation<\/a><\/span><span style=\"font-weight:400;\"> visit to Egypt <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">May 2025: Egyptian Exporters Association (Expolink) exhibition, Italy<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">May 2025:<\/span><span style=\"font-weight:400;\"> French rolling stock manufacturer Alstom will submit technical and financial bids for Cairo Metro Line 6. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">July 2025: The first operational trail of Egypt-KSA electricity interconnection line.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">March 2025: Operation of phase one of the Amotope wind farm <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Early 2025: The Communications Ministry will unveil the second edition of its national AI strategy in early 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1H 2025: Digital Financial Identity Company will launch an electronic bank account opening service<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1H 2025: The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02tdh3mCYLosumerUCfcCf7RCRxvRXhtoPBVL5A2E1CaL75iy68qTmstXJiGw2hMt6l\" style=\"\">Egyptian-US Investment Forum<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q 2025: Eipico\u2019s biopharma plant to begin operations<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q 2025: Finance Ministry to launch public consultations on its tax policy document<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2Q 2025: Financial Regulatory Authority (FRA) to introduce derivatives on the EGX <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2Q 2025: Safaga Terminal 2 to start operations<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Mid-2025: The Administrative Capital for Urban Developments to roll out the second phase of offering industrial plots to investors <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2025: The InterAcademy Partnership assembly<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2025: Nile Basin States Summit, Cairo, Egypt<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2025: Release of the government\u2019s Startup Charter document <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">20 January-7 February: Egypt to host the African Games<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">End of 2027: Trial operations at the Dabaa nuclear power plant expected to take place<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">September 2028: First unit of the Dabaa nuclear power plant begins operations<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>A USD 135 mn auto factory | Fresh industrial initiative | Looking back at 2024.<\/p>\n","protected":false},"featured_media":657980,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-657979","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"0331a22c-3c29-4f0b-bfd0-0764598d3897","teaser":"A USD 135 mn auto factory | Fresh industrial initiative | Looking back at 2024.","photo_url":"https:\/\/ent.news\/2024\/12\/2512.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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