{"id":660536,"date":"2025-02-13T00:00:00","date_gmt":"2025-02-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=660536"},"modified":"2025-12-18T03:28:34","modified_gmt":"2025-12-18T03:28:34","slug":"a-look-at-next-fiscal-years-budget","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/a-look-at-next-fiscal-years-budget\/","title":{"rendered":"A look at next fiscal year\u2019s budget"},"content":{"rendered":"<section id=\"660538\" 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=\"660538\">\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\/2025\/02\/13\/acud-to-offer-second-phase-of-new-capitals-development-in-march\/\">\r\n                            ACUD to offer second phase of new capital\u2019s development in March                        <\/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\/2025\/02\/13\/acud-to-offer-second-phase-of-new-capitals-development-in-march\/\" 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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In today\u2019s issue we have a little sneak peek into next fiscal year\u2019s Public Government Budget, fresh details on Al Ahly Sabbour\u2019s long-awaited IPO, Qalaa Holdings\u2019 3Q 2024 earnings, and the ins and outs of how Egypt\u2019s M&A market fared in 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT FIRST- <\/strong>President Abdel Fattah El Sisi has reportedly opted to stay away from the White House as long as the Trump Administration keeps pushing the displacement agenda, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/egypts-president-sisi-not-attend-any-white-house-talks-if-gaza-displacement-2025-02-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> wrote. US President Donald Trump had invited El Sisi to visit and it was reported that Foreign Minister Badr Abdelatty\u2019s visit to the US capital earlier this week was to set the stage for El Sisi\u2019s visit, Trump continuing to push Egypt and Jordan to take in displaced Gazans appears to have changed the plan. <\/p>\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- It\u2019s another cold day in Cairo<\/strong>, with a high of 18\u00b0C and a low of 10\u00b0C, according to our favorite weather app.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s just as cold in Alexandria<\/strong>, with a high of 18\u00b0C and a low of 11\u00b0C.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And over the weekend, <\/strong>expect to see a high of 21\u00b0C and a low of 10\u00b0C in the capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we now cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>#1- Pha<\/strong><strong>se two of the new capital\u2019s development will be offered to a French investment <\/strong><strong>consortium in March<\/strong>, Administrative Capital for Urban Development (ACUD) Chairman Khaled Abbas <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EBA.Page\/posts\/pfbid0LyaHmc4FXXH89yUcLgPh5GxKXPvy9bXFwDx7HwzA3sewKPMtTmUu6xJDBqHHzxvMl\" style=\"\" rel=\"noopener\">told a meeting<\/a> of the Egyptian Businessmen\u2019s Association yesterday, according to <a target=\"_blank\" href=\"https:\/\/x.com\/AsharqbEGY\/status\/1889614536719642900\" style=\"\" rel=\"noopener\">Asharq Business<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Better late than never: <\/strong>Abbas <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1863d30d-e2c5-4721-8879-3f85b05ac31b\/a-ton-of-real-estate-news-from%253cmark%253e-acud%253c%2Fmark%253e,-talaat-moustafa,-heliopolis-housing\" style=\"\" rel=\"noopener\">said last March<\/a> that ACUD planned to start construction on the second phase of the new administrative capital early this year at a cost of EGP 240 bn (c. USD 4.8 bn at the time). ACUD had <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8a8f275b-b912-42c2-bf34-0a6c65cbe46f\" style=\"\" rel=\"noopener\">previously penciled in<\/a> a 2Q 2024 or 3Q start at the latest.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We haven\u2019t heard much about the project\u2019s second phase since last March<\/strong>, when we got word that three industrial developers had <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/48283890-d6a0-4e52-841d-ea932866d2e3\/acud%25e2%2580%2599s-assets-have-tripled-in-value-post-float.-plus:-news-from-nbe,-itida,-al-ahly-momkn,-ifc,-capricorn-energy\" style=\"\" rel=\"noopener\">submitted offers<\/a> for 1 mn sqm plots included in the project\u2019s second phase. ACUD also that month signed a shareholders\u2019 agreement with French IT giant Atos to set up a JV to manage and operate smart tech services in the new capital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt4\"><\/a> <strong>ALSO- <\/strong><strong>The ne<\/strong><strong>w capital\u2019s spanking new airport will officially open its door in April<\/strong>, Abbas said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Loc<\/strong><strong>al fintech giant Fawry<\/strong><strong> will give its clients the chance to invest in gold and <\/strong><strong>EGX-traded stocks<\/strong>, CEO Ashraf Sabry said during a presser attended by EnterpriseAM. Fawry will serve as a platform for some of its partners with gold and stock market funds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#3- Oracle to roll out AI and tech training program across the region:<\/strong> US technology giant Oracle is set to train 350k people in AI and cloud technologies in Egypt and five other Middle Eastern countries through its Oracle MyLearn platform, it said in a <a target=\"_blank\" href=\"https:\/\/www.oracle.com\/eg\/news\/announcement\/oracle-to-train-in-artificial-intelligence-and-technologies-2025-01-21\/\" style=\"\" rel=\"noopener\">statement<\/a>. The multi-year program \u2014 which will be delivered in partnership with the public sector \u2014 will offer training in several technologies, including Oracle Cloud Infrastructure, AI services, DevOps, and Oracle APEX. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bigger picture: <\/strong>The initiative will also target the UAE, Saudi Arabia, Qatar, Morocco, and Jordan as the company looks to meet growing regional demand for Oracle Cloud and support the Middle East's AI economy, which is expected to reach USD 320 bn by 2030, according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is good news for the government\u2019s digital exports push: <\/strong>The government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d879796-4109-462b-9ee1-a2c67735df9f\/egypt-is-boosting-its-digital-infrastructure,-with-big-targets-for-the-next-few-years\" style=\"\" rel=\"noopener\">wants to<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d879796-4109-462b-9ee1-a2c67735df9f\/egypt-is-boosting-its-digital-infrastructure,-with-big-targets-for-the-next-few-years\" style=\"\" rel=\"noopener\">see<\/a> digital exports bring in USD 9 bn into the economy annually as of 2026 and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0972661b-a8a3-4d61-9802-d9d9fd984327\/a-look-through-gov%25e2%2580%2599t-targets-for-the-infrastructure-sector-over-the-next-six-years\" style=\"\" rel=\"noopener\">then up to<\/a> USD 13 bn by 2030. We\u2019re yet to hear the most recent figures for 2024, but Egypt\u2019s digital exports <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f840fd1c-f1a8-4436-bdc2-6e617b94e55e\/shoukry-in-brussels\" style=\"\" rel=\"noopener\">brought in USD 6.2 bn in 2023<\/a>, up 26.5% y-o-y from 2022. The figure includes outsourcing exports \u2014 think call centers and human resource centers \u2014 which accounted for over half of the digital exports in 2023, standing at USD 3.7 bn, up 54% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Capma<\/strong><strong>s\u2019 Egyptian Economic Consensus will be out before the end of the fiscal <\/strong><strong>year<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0qh2eyXQR1CMTEWVUPaVY8LASPWdFEd3eUqXC6Qu49vhVyVfhx2h9rR8omymTkP8Tl\" style=\"\" rel=\"noopener\">statement<\/a> from the Planning and International Cooperation Ministry. The release will mark the first economic census released by the state statistics agency since 2020.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The census will have some notable additions this time round<\/strong>, with the report including data on the green economy, industrial zones, outsourcing, and e-commerce for the first time.<\/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\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>The<\/strong> <strong>Bu<\/strong><strong>sinesswomen of Egypt 21 Association will kick off its annual conference today<\/strong>, with the five-day event set to take place across venues in Cairo, Luxor, and Aswan, according to a <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/the-10th-annual-conference-of-the-businesswomen-of-egypt-21-association-launch-next-february-j737kq05\" style=\"\" rel=\"noopener\">statement<\/a>. This year\u2019s conference is being held under the theme of Megatrends Shaping Women\u2019s Economic Potential and will host delegations from across the world.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CIRCLE YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Exploring business potential between Egypt and Switzerland: <\/strong>The Egyptian-Swiss Business Circle and Kickstart Innovation are hosting a series of online events on 20 February under the theme <a target=\"_blank\" href=\"https:\/\/www.eventbrite.co.uk\/e\/innovate-together-business-opportunities-between-egypt-and-switzerland-tickets-1234892389379\" style=\"\" rel=\"noopener\">Innovate Together: Business Opportunities Between Egypt and Switzerland<\/a>. The events aims to strengthen business ties between the two nations, bringing together startups, investors, and public and private players. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/\" style=\"\" rel=\"noopener\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The war in Ukraine is in the spotlight this morning<\/strong>, as an unexpected rapprochement between the US and Russia opens the door for peace talks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Russo-Ukrainian talks to kick off: <\/strong>US President Trump agreed \u2014 in his first publicly announced phone call with Russian President Vladimir Putin \u2014 to start negotiations aimed at ending the war \u201cimmediately\u201d and reaching a long-term settlement. The two presidents are set to meet later in Riyadh to iron out the details, Trump added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Blindsiding allies: <\/strong>The announcement came hours after US Defense Secretary Pete Hagseth told the Nato that Ukraine\u2019s aims to join the alliance are \u201cunrealistic,\u201d conceding that the country will probably have to accept losing territory.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ever the businessman: <\/strong>The US also presented Ukraine\u2019s president Volodymyr Zelenskiy with an economic partnership agreement, during a visit by Treasury Secretary Scott Bessent to Kyiv. Zelenskiy said the talks will include \u201cUkraine\u2019s potential in natural resources,\u201d a particular interest for Trump, who said earlier he would like to tap into Kyiv\u2019s critical minerals as well as open its markets to US energy exports in exchange for military and economic support. (<a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/02\/12\/us\/politics\/trump-putin-call-russia-ukraine-war.html\" style=\"\" rel=\"noopener\">NY Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-12\/us-treasury-s-bessent-presents-economic-partnership-to-zelenskiy\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/1b5dde3b-ab6b-4b93-8a1b-6c3a40bb690c\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/trump-says-he-discussed-ending-ukraine-war-with-russias-putin-2025-02-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/02\/12\/politics\/putin-trump-phone-call\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/02\/12\/2025\/trump-says-putin-agreed-to-talks-to-end-ukraine-war-but-kyivs-role-unclear\" style=\"\" rel=\"noopener\">Semafor<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tariffs push not slowing down: <\/strong>Trump could sign his reciprocal tariffs today, ahead of India\u2019s Prime Minister Nerandra Modi landing in Washington, where the two are scheduled to discuss trade concessions to spare India potential tariffs. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/02\/12\/trump-reciprocal-tariffs-could-come-by-thursday-white-house-says.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CLOSE TO HOME-<\/strong> Israel is reportedly pushing to retain a number of positions in Lebanon after the US shot down a request to keep most troops in the country in violation of the ceasefire agreement with Hezbollah. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-12\/israel-insists-on-posts-in-lebanon-as-us-rejects-pullout-delay\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/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=\"660540 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=\"660540\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/13\/660540\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-660540\" class=\"content-area-description single-story post-660540 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\/2025\/2\/192.jpg?ssl=1\"><\/a><\/span><\/p><div class=\"grouped-tags\">\n<p><span style=\"font-weight:400;\">Somabay Welcomes World Aquatics Open Water World Cup for the Third Year<\/span><\/p>\n<p><span>Somabay proudly hosts the World Aquatics Open Water World Cup for the third consecutive year, reinforcing its status as a top watersports destination. The training camp will run from 18-22 February at Somabay\u2019s state-of-the-art OneFlow Aquatics Centre, preparing athletes from 21 countries for the competition. From 21-22 February, they will compete in three races, further cementing Somabay\u2019s appeal for international swimming events.<\/span><\/p>\n<\/div>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"660541\" 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=\"660541\">\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\">BUDGET WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/13\/sneak-peek-into-the-general-government-budget-for-fy-2025-26\/\">\r\n                            Sneak peek into Egypt\u2019s General Government Budget for FY 2025-26                        <\/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\/2025\/02\/13\/sneak-peek-into-the-general-government-budget-for-fy-2025-26\/\" 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 addition of these new entities is also expected to increase the government\u2019s overall public revenues, the source said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The government last year <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/146b3145-ac54-4832-be15-9e2799b474bc\/maait-unveils-more-details-on-the-new-unified%253cmark%253e-budget%253c%2Fmark%253e-act\" style=\"\" rel=\"noopener\">amended<\/a> the Unified Budget Act to allow for the budgets of all 59 of the state\u2019s economic bodies and the state budget to be presented in the General Government Budget \u2014 a consolidated budget that would help improve the state\u2019s financial indicators by accounting for the entirety of the state\u2019s revenues. This year\u2019s General Government Budget presented 40 economic bodies\u2019 budgets, with the government planning to incorporate the remaining economic bodies\u2019 budgets into the budget gradually over a five-year period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It remains unclear which entities are set to be incorporated into the budget next year,<\/strong> with our source saying that this would depend on the procedures of the committee formed to restructure economic entities. The goal is to provide a better picture of the government\u2019s overall budget, the source added.<\/p>\n<p class=\"tag-border-left\">WHAT THE NEW BUDGET COULD ENTAIL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The budget pencils in growth of around 5-5.5%<\/strong>, reduced public debt, and a primary surplus amounting to approximately 4% of GDP, another source told EnterpriseAM. The Planning Ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f89d1d7c-341d-4d85-a671-0d1a12ecf4b5\/growth-picks-up-to-3.5%2525-in-1q-fy-2024-25-despite-drops-in-energy-production-and-suez-canal-revenues\" style=\"\" rel=\"noopener\">projects<\/a> GDP growth of 4.0% for FY 2024-2025 and the government is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6ee2d6d5-0a27-42b9-80f5-e48682e6103d\/imf-reaches-staff-level-agreement-with-egypt-on-fourth-loan-review\" style=\"\" rel=\"noopener\">estimating<\/a> a primary surplus of 3.5% for the current fiscal year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is higher than what international institutions are expecting:<\/strong> The IMF has recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2181161f-662e-4ff5-b211-048e6761384f\/imf,-world-bank-cut-egypt'\" style=\"\" rel=\"noopener\">slashed<\/a> next fiscal year\u2019s growth forecast by 1.0 percentage point and now expects the economy to grow 4.1% in line with the revised World Bank projection of 4.2%, down 0.4 percentage points from last summer\u2019s projections.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The government is also working on reducing the amount of funds allocated for fuel<\/strong><strong> su<\/strong><strong>bsidies<\/strong> from the current fiscal year\u2019s EGP 150 bn through issuing long-term contracts and purchasing shares of foreign oil and gas partners' output. The upcoming fiscal year is still set to include around three new fuel price hikes as part of the Madbouly government\u2019s plan to phase out fuel subsidies entirely by March 2026, as planned.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The move to cash subsidies may wait another year:<\/strong> It remains unclear whether or not the government will move to replace in-kind subsidies with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/58546cd7-5ad9-49a6-a325-645b2cf769d9\/fresh-details-on-the-move-to%253cmark%253e-cash%253c%2Fmark%253e-based%253cmark%253e-subsidies%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">cash subsidies<\/a>, with the National Dialogue calling for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6801ef88-b72e-4e7b-8528-f83854bcdddd\/train-crash-in-minya-kills-1,-injures-19\" style=\"\" rel=\"noopener\">postponing<\/a> the plan for an additional year until inflation levels decrease significantly, the source said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Public investments to see more austerity?<\/strong> The government is planning to further cut down public investments and is set to, instead, rely on self-financing through various entities and limit spending to highly urgent projects or those already nearing completion, our sources said. Private sector investments will also be encouraged in several sectors to help facilitate this, they added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The Finance Ministry introduced an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4286f10b-5618-426b-87de-d53d22d9591a\" style=\"\" rel=\"noopener\">EGP 1 tn public investment cap<\/a> for all state entities to help create space for private players.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The priority sectors for the government will include<\/strong> education, healthcare, and the Decent Life program, the sources said.<\/p>\n<p class=\"tag-border-left\">A NEW APPROACH TO PUBLIC DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New public debt policy document to be launched?<\/strong> The Finance Ministry is looking to launch <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3ecf54ba-ffdc-46c0-95c4-851bc4118d5b\/finmin-to-release%253cmark%253e-new%253c%2Fmark%253e%253cmark%253e-public%253c%2Fmark%253e%253cmark%253e-debt%253c%2Fmark%253e%253cmark%253e-policy%253c%2Fmark%253e-in-march,-introduce-a-three-year-budget\" style=\"\" rel=\"noopener\">a<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3ecf54ba-ffdc-46c0-95c4-851bc4118d5b\/finmin-to-release%253cmark%253e-new%253c%2Fmark%253e%253cmark%253e-public%253c%2Fmark%253e%253cmark%253e-debt%253c%2Fmark%253e%253cmark%253e-policy%253c%2Fmark%253e-in-march,-introduce-a-three-year-budget\" style=\"\" rel=\"noopener\">new public debt policy document<\/a> by the end of March, in which it will outline its goals and plans for domestic and foreign debt, debt offerings, and a framework for green bonds, sukuk, and international bonds, a government source told us last month. This comes as part of efforts to provide investors with a clear view of Egypt\u2019s international debt offerings and the government\u2019s plans to return to the international debt market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What it could bring:<\/strong> With the new policy, the government would look to focus its efforts on extending maturities through diversifying debt instruments and reducing overall debt. The strategy also includes keeping external debt for state budget bodies at USD 79.1 bn, unchanged from September 2024. The government ultimately aims to reduce external debt by USD 1-2 bn in the medium term, one source said, adding that all entities have submitted their medium-term budget plans alongside the current fiscal year\u2019s budget.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Egypt\u2019s foreign debt <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cdcc33d5-b130-48b7-8048-6b5b1947e635\/sca%25e2%2580%2599s-rabie-sees-a-pickup-in-suez-canal-traffic-as-early-as-next-month\" style=\"\" rel=\"noopener\">rose<\/a> by 1.5% q-o-q to USD 155.2 bn during the first quarter of FY 2024-25, up from the USD 152.9 bn recorded at the end of FY 2023-24. Medium- and long-term debt accounted for some 82% of the country\u2019s total foreign debt with USD 127.5 bn, while short-term debt made up the remaining USD 27.7 bn.<\/p>\n<p class=\"tag-border-left\">INTRODUCING A THREE-YEAR BUDGET-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government is currently working on preparing the budget for FY 2025-26<\/strong>, all while preparing a comprehensive three-year budget with a financial ceiling that can only be exceeded in exceptional cases, one of the sources said. Government entities will also submit another budget covering FY 2026-27 to FY 2029-30. Ministries will be given cabinet-approved financial ceilings that can\u2019t be exceeded. However, the ceiling would allow more flexibility for ministries to manage their spending by reallocating funds between different projects, provided that they remain within the allowed budget limits, according to the source.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next:<\/strong> The Finance Ministry is looking to simplify the preparation of the General Government Budget and is working to set the maximum spending cap for each ministry this month before preparing the annual budget for submission to the House. Meanwhile, the Investment Ministry is working on coming up with a decent estimate of the country\u2019s FX needs by meeting with the private sector, government bodies, and others. The hopefully more accurate figure is designed to help build a framework to manage the country\u2019s FX resources in light of commodity imports, interest payments, and public debt.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/budget-watch\/\">budget watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            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   \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\">IPO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/13\/al-ahly-sabbour-to-select-advisor-for-its-planned-ipo-by-june\/\">\r\n                            Al Ahly Sabbour to select advisor for its planned IPO by June                        <\/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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photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/248.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"660545\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/13\/al-ahly-sabbour-to-select-advisor-for-its-planned-ipo-by-june\/248-jpg-35\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/248.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"248.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/248.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/248.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-660544\" class=\"content-area-description single-story post-660544 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-al-ahly-sabbour tag-egx tag-enterpriseam tag-ipo-watch tag-real-estate 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\/2025\/2\/.4846728a-543e-4243-a032-a16a5d2bf7bb.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Al Ahly Sabbour to tap advisor for planned IPO by June: <\/strong>Local real estate developer Al Ahly Sabbour plans to select an advisor for its planned IPO by June, Chairman Ahmed Sabbour said during a press conference attended by EnterpriseAM yesterday. The company is considering one of four potential investment banks for the role. <\/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>Remember: <\/strong>The developer <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%25-stake-on-the-egx\" style=\"\" rel=\"noopener\">is looking to list some 20-25%<\/a> of its shares on the EGX \u2014 initial plans saw the company tapping an advisor early this year and wrapping up the needed listing requirements by March. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And we have a timeline \u2026 kind of. <\/strong>After selecting the advisor, the developer will need up to 10 months to fulfil the listing requirements, Sabbour said, without providing any details as to when we expect the company to make its EGX debut.<\/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>It was reported in October 2017 that the company would <a target=\"_blank\" href=\"https:\/\/enterprise.press\/stories\/2017\/10\/26\/al-ahly-sabbour-planning-ipo-within-the-year\/\" style=\"\" rel=\"noopener\">list its shares<\/a> on the bourse within a year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s selling? <\/strong>The developer\u2019s only shareholders \u2014 the Sabbour family and the National Bank of Egypt will offload a combined 25% in the company to new shareholders, Sabbour said, adding this isn\u2019t final. The Sabbour family owns 60% of the developer, while the National Bank of Egypt owns the remaining 40%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why go public? <\/strong>The IPO is expected to strengthen the company\u2019s financial position and support its local and regional expansion, which requires capital increases in line with the size of its projects, Sabbour said. The move will also offer more shareholders more flexibility to either increase or decrease their holding in the company. Additionally, as a family-owned business, listing on the EGX would ensure its continuity as management transitions across generations, he explained. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Capital increase incoming: <\/strong>The developer plans to raise its issued and pain-in capital by EGP 250 mn to reach EGP 550 mn by the end of the year, he said. \u201cThe planned capital increase has nothing to do with the IPO. The decision to hike the capital was taken a while ago to line up with our local and regional operations,\u201d he said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What does the company have in store for 2025?<\/strong> Al Ahly Sabbour will invest EGP 10 bn to complete the construction of some of its projects this year, Sabbour said, adding that the company has a sales target of EGP 33 bn for the year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And more to come: <\/strong>The developer has two new projects in the pipeline \u2014 the EGP 10 bn second phase of its Summer Vibes North Coast project, which is expected to bring in EGP 21 bn in sales, and the EGP 2 bn new phase of its AT East project in Mostakbal City, which is expected to bring in sales of EGP 5.5 bn.. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And a Saudi partnership in the pipeline:<\/strong> Al Ahly Sabbour is in talks with a Saudi real estate developer to jointly develop two new projects, one in East Cairo and another in Saudi Arabia. The two sides are expected to reach an agreement this year, Sabbour said without naming the Saudi developer. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/al-ahly-sabbour\/\">Al Ahly Sabbour<\/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\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"660546\" 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=\"660546\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/13\/qalaa-holdings-top-line-rises-75-y-o-y-in-3q-2024-to-egp-37-6-bn\/\">\r\n                            Qalaa Holdings\u2019 top line rises 75% y-o-y in 3Q 2024 to EGP 37.6 bn                        <\/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\/2025\/02\/13\/qalaa-holdings-top-line-rises-75-y-o-y-in-3q-2024-to-egp-37-6-bn\/\" 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\u2019s bottom line, meanwhile, fell 94% y-o-y to EGP 114.5 mn during the quarter, with the release citing the firm\u2019s sale of APM in 3Q 2023 as the driving factor for the dip.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nearly all of the company\u2019s subsidiaries saw their income increase for the quarter<\/strong>, with ASEC Holding being the only subsidiary to post a loss. ASEC saw its net loss contract to EGP 191.3 mn in 3Q 2024, down from EGP 556.5 mn in the same period the year before.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The other subsidiaries:<\/strong> ERC reported a net income of EGP 173.3 mn for 3Q 2024, a stark reversal from its EGP 362.5 mn loss recorded in the same period in 2023. Dina Farms\u2019 net income rose 115% y-o-y to EGP 24.1 mn on the back of improved performance across all divisions. TAQA Arabia, meanwhile, reported 8% y-o-y growth in its net income, reaching EGP 213.5 mn, thanks to a strong performance by its gas subsidiary.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cQalaa\u2019s resilient performance during the quarter comes as the domestic economy continues to face a challenging period,\u201d chairman and founder Ahmed Heikal said in the press release, adding that \u201cdifficulties faced at home are being further exacerbated by the current state of global macroeconomic uncertainty, as well as the armed conflicts taking place around us.\u201d Still, Heikal noted, \u201cQalaa remains well-positioned to overcome these challenges, thanks to our resilience, flexibility, and efficiency, which are ingrained into the core of our DNA.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company\u2019s plans to pay off ERC\u2019s outstanding debt <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4230aad9-3678-48a8-8585-c65e8a819820\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\" style=\"\" rel=\"noopener\">by the end of 2025<\/a><\/strong><strong> are going <\/strong><strong>forward as planned<\/strong>, noted Qalaa Holdings co-founder and managing director Hisham El Khazindar. He added that \u201cERC remains on track to fully settle its senior debt by 4Q 2025, after which the company may start distributing dividends. We remain committed to reducing Qalaa\u2019s risk levels and maintaining a healthy financial position going forward.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CORRECTION:<\/strong> The story was amended on 15 February, 2025 to delete the incorrect reference to ASEC Holding selling APM in 3Q 2023. The entity that sold APM was ASCOM.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qalaa-holdings\/\">Qalaa Holdings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/taqa-arabia\/\">TAQA Arabia<\/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=\"660548\" 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=\"660548\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/13\/semadco-wants-to-set-up-500-mw-of-renewables-projects-to-feed-its-ammonia-plant\/\">\r\n                            Egypt\u2019s Semadco wants to set up 500 MW of renewables projects to feed its ammonia plant                        <\/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\/2025\/02\/13\/semadco-wants-to-set-up-500-mw-of-renewables-projects-to-feed-its-ammonia-plant\/\" 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 has reportedly requested a plot of land from the Electricity Ministry for the renewables project, and the ministry is expected to allocate land for the wind farm before year-end.<\/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>It\u2019s been a long time coming: <\/strong>We first heard of the green ammonia project in 2019, after Semadco reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/64378590-0cea-4854-a695-5ddf90725f7c\/\" style=\"\" rel=\"noopener\">inked an MoU<\/a> with clean energy developer <a target=\"_blank\" href=\"https:\/\/www.benchmarkpowerintl.com\/\" style=\"\" rel=\"noopener\">Benchmark Power International<\/a> to build a USD 600 mn ammonia factory in Suez, with Semadco set to provide the land on a usufruct basis.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project could be worth more than we thought: <\/strong>The green ammonia plant is being set up with USD 700 mn worth of local and US investments, according to Al Mal. The foreign investor will also oversee financing for the solar and wind facilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The blueprint is complete: <\/strong>A complete plan for the project has been devised and the needed equipment has been determined for importation, the source said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Export infrastructure is on the agenda:<\/strong> The project involves the construction of a 10 km pipeline extending from the factory to Suez\u2019s Adabiya Port to export the produced ammonia to foreign markets.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/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=\"660550\" 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=\"660550\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/13\/egypts-ma-market-logs-more-transactions-but-with-smaller-checks-in-2024\/\">\r\n                            Egypt\u2019s M&amp;A market logs more transactions, but with smaller checks 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\/2025\/02\/13\/egypts-ma-market-logs-more-transactions-but-with-smaller-checks-in-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" 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           <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt%E2%80%99s+M%26%23038%3BA+market+logs+more+transactions%2C+but+with+smaller+checks+in+2024+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F02%2F13%2Fegypts-ma-market-logs-more-transactions-but-with-smaller-checks-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\/2025\/02\/13\/egypts-ma-market-logs-more-transactions-but-with-smaller-checks-in-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1709.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"660551\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/13\/egypts-ma-market-logs-more-transactions-but-with-smaller-checks-in-2024\/1709-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1709.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1709.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1709.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1709.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-660550\" class=\"content-area-description single-story post-660550 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-capital-markets 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\/2025\/2\/.2ee64f03-e296-4cbb-82e2-e13c6a14fdac.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egypt\u2019s M&A landscape was marked by a high-volume of smaller-value transactions last <\/strong><strong>year<\/strong>, with inbound cross-border transactions driving much of the activity, according to Baker Mckenzie\u2019s latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1204.pdf\" style=\"\" rel=\"noopener\">r<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1204.pdf\" style=\"\" rel=\"noopener\">eport<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1204.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The number of transactions rose 27.3% y-o-y<\/strong><strong>, totaling 177 in 2024<\/strong><strong>, <\/strong>while the combined transaction value was down 14.2% y-o-y to USD 3.4 bn \u2014 likely as a direct fallout from the float of the EGP, Managing Partner at Helmy, Hamza & Partners, Baker McKenzie Cairo Mohamed Ghannam said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The average ticket size shrank to USD 20.5 mn in 2024, <\/strong>down from USD 30.4 mn 2023. September was the busiest month of the year in terms of volume (29 transactions), while June topped the list in terms of value (USD 961 mn). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cross-border activity drove much of the momentum. <\/strong>The rise in total transaction count was driven by both a 25% uptick in cross-border M&As (105) and a 31% increase in domestic transactions (72). However, in terms of value, domestic transactions saw a 61% y-o-y drop clocking in at USD 727 mn, while cross-border M&As totaled USD 2.8 bn, up from USD 2.3 bn in 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE players were the most active foreign buyers of Egyptian companies in 2024, <\/strong>closing 15 transactions, followed by the US (10) and Saudi Arabia (8). Inbound transactions dominated the country\u2019s cross-border M&A scene last year with 89 transactions worth USD 2 bn. The material industry captured most of this volume with 14 transactions, followed by the financial sector (13) and the advanced tech sector (10). In terms of value, the energy and power sector was crowned king with transactions worth USD 1 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia emerged as a top destination for Egypt\u2019s outbound M&A investments<\/strong>, with five transactions closed last year, followed by Jordan (3) and the UAE (3). Within outbound flows, the financial sector led in terms of transaction volume (5), while real estate dominated in terms of value, with agreements totaling USD 828 mn. Outbound transactions accounted for only 15% of Egypt\u2019s aggregate cross-border transactions with 16 M&As totaling USD 835 mn in 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bucking the trend globally: <\/strong>The global M&A transaction count was down by 13.7% y-o-y last year. Transaction value saw a 9.7% y-o-y increase in value, as investors prioritize larger, big-ticket sales. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regionally, it was a different story: <\/strong>The Middle East saw a 9% y-o-y dip in transaction count during 2024 to 1.2k, while transaction value was mostly unchanged y-o-y at USD 87.2 bn.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"660552 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"660552\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/13\/660552\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-660552\" class=\"content-area-description single-story post-660552 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.sodic.com\/SodicContactUs\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1921.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"660553\" 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=\"660553\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/13\/sokhna-industrial-zone-to-welcome-new-factories-with-usd-3-mn-in-investments\/\">\r\n                            Sokhna Industrial Zone to welcome new factories with USD 3 mn in investments                        <\/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\/2025\/02\/13\/sokhna-industrial-zone-to-welcome-new-factories-with-usd-3-mn-in-investments\/\" 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 first factory will manufacture prayer mats, velvet fabrics, and woven fabrics with investments of USD 2 mn and an export target worth USD 6 mn in 2025. The second, USD 1 mn factory will also produce fabrics, with the facility targeting USD 4 mn worth in exports this year. <\/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\">\n<p class=\"tag-border-left\">M&A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fintech giant <\/strong><strong>Fawry<\/strong> <strong>a<\/strong><strong>cquired a majority stake in local hospital and medical <\/strong><strong>institutions manager <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.codezone-eg.com\/en\/product\/myelin\" style=\"\" rel=\"noopener\">Code Zone<\/a><\/strong>, part of a wider push to snap up stakes in startups that offer complementary services, CEO Ashraf Sabry said during a presser during which the company launched Fawry Business. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fawry Business? <\/strong>The new platform aims to help local companies with their digital transformation. It offers a system for managing payments and e-receipts, loans for SMEs, and a system for managing salaries, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1236.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>.<\/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\">EXPANSION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mobica eyes expansion to KSA and Oman: <\/strong>Mobica Group is exploring agricultural investments in Saudi Arabia and Oman, with plans to invest USD 50 mn to cultivate 5k feddans in Saudi Arabia, CEO Mohamed Farouk told <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/AsharqbEGY\/videos\/623803067031848\/?rdid=Soy7FNNWj85BNxfJ#\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The project will be funded through the group\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/19ba89f2-5eab-45f3-842b-5ff90ca4dac7\/ad-ports-to-receive-two-ain-sokhna-marine-terminals-by-1q-2025.-plus:%253cmark%253e-mobica%253c%2Fmark%253e,-mid-takseet-%2B-basata,-state-lawsuits-authority,-talaat-moustafa-group,-greentech\" style=\"\" rel=\"noopener\">newly-launched USD 100 mn fund<\/a>.<\/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\">AUTOMOTIVE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al M<\/strong><strong>ansour Auto eyes <\/strong><strong>Chinese microbus venture:<\/strong> Al Mansour Automotive is considering entering the local microbus market by acquiring local agency rights for an unnamed Chinese automaker, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d8%a7%d9%84%d9%85%d9%86%d8%b5%d9%88%d8%b1-%d9%84%d9%84%d8%b3%d9%8a%d8%a7%d8%b1%d8%a7%d8%aa-%d8%aa%d8%af%d8%b1%d8%b3-%d8%a7%d9%82%d8%aa%d8%ad%d8%a7%d9%85-%d8%b3%d9%88%d9%82-%d8%a7\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reports, citing sources it says are in the know. Al Mansour \u2014 which is the exclusive local agent for MG, Chevrolet, and Opel \u2014 is reportedly looking to make a foray into the new segment in a bid to capitalize on the production capacity of its planned Sixth October factory as well as to align with the state\u2019s efforts to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c1ed2652-13a2-4dbb-ad35-647e35adcae1\" style=\"\" rel=\"noopener\">localize the auto industry<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Al Mansour Auto and Chinese state-owned SAIC are gearing up to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15821167-7de2-4999-9840-d9210cba2943\/\" style=\"\" rel=\"noopener\">establish<\/a> a USD 135 mn factory in New October City to locally manufacture MG vehicles.<\/p>\n<p class=\"tag-border-left\">TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E-Finance + eHealth to help upgrade, digitalize the Universal Health Ins. System:<\/strong> State-owned fintech giant e-Finance and its sister company eHealth will work together to link the Universal Health Ins. System with social protection systems under an MoU they inked with the Social Solidarity Ministry and the Universal Health Ins. Authority (UHIA), according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1081.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. eHealth also signed an agreement with UHIA \u2014 its parent company \u2014 to provide the system with operational support and digital solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> First announced in 2016, the Universal Health Ins. System is designed to provide comprehensive healthcare to all citizens, regardless of financial capacity to pay, while linking up healthcare providers through a digital backend storing patients\u2019 medical records.<\/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\">DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CRC l<\/strong><strong>ands EGP 1.8 bn <\/strong><strong>loan agreement with CIB: <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/crc-dorra\/?originalSubdomain=eg\" style=\"\" rel=\"noopener\">Construction & Reconstruction<\/a><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/crc-dorra\/?originalSubdomain=eg\" style=\"\" rel=\"noopener\">Engineering Company (CRC)<\/a>, a subsidiary of real estate company Dorra, lined up a EGP 1.8 bn loan with the CIB for the construction of Ora Developers\u2019 <a target=\"_blank\" href=\"https:\/\/www.oradevelopers.com\/properties\/solana-by-ora\" style=\"\" rel=\"noopener\">Solana<\/a> project in New Zayed, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1218.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Local fintech player <\/strong><strong><a target=\"_blank\" href=\"https:\/\/moneyhash.io\/\" style=\"\" rel=\"noopener\">MoneyHash<\/a><\/strong><strong> is set to help Saudi ins. provider <\/strong><strong><a target=\"_blank\" href=\"https:\/\/tawuniya.com\/\" style=\"\" rel=\"noopener\">Tawuniya<\/a><\/strong> <strong> streamline its payment infrastructure<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1047.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The partnership, revealed during the Leap 2025 conference in Riyadh, aims to improve Tawuniya\u2019s payment success rates and reduce processing times. Tawuniya customers will gain access to several payment features such as one-click payments and flexible payment schedules.<\/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\">STARTUPS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Nigerian fintech startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.raenest.com\/\" style=\"\" rel=\"noopener\">Raenest<\/a><\/strong><strong> plans to step into the Egyptian and US markets <\/strong><strong>this year<\/strong> after closing a USD 11 mn Series A round, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/1036.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The company offers companies and freelancers a platform to \u201creceive international payments, convert between currencies, operate a multi-currency wallet, while managing transactions seamlessly.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>The Egypt<\/strong><strong>ian-Dutch<\/strong><strong> Orange Corners program will be expanded to seven <\/strong><strong>governorates<\/strong>, according to a Planning Ministry <a target=\"_blank\" href=\"https:\/\/moic.gov.eg\/news\/2001\" style=\"\" rel=\"noopener\">statement<\/a>. The startup incubator will now operate in Luxor, Assiut, Alexandria, Menofia, Dakahlia, Kafr El Sheikh, and Beheira. The initiative aims to support 130 companies this year, having recently graduated 15 startups.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the program: <\/strong>Orange Corners is a partnership between Egypt, the Netherlands, and private sector institutions including <a target=\"_blank\" href=\"https:\/\/www.alexbank.com\/\" style=\"\" rel=\"noopener\">AlexBank<\/a> and Madinet Masr. Since its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ee78ed95-ff28-4dcb-93b5-def9444cfedb\/%253cmark%253e%253c%2Fmark%253ethursday%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ekudos%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253eegypt%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esends%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253emedical%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eaid%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eto%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eindia%253cmark%253e%253c%2Fmark%253e-%2B%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253edutch%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eembassy%253cmark%253e%253c%2Fmark%253e,%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253ealexbank%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eset%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eup%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eincubation%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eprograms%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">launch<\/a> in 2021, it has supported over 115 startups \u2014 with 58% being women-led \u2014 across sectors like agriculture, waste management, health, education, e-commerce, and fintech.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-contractors\/\">Arab Contractors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/e-finance\/\">e-finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n      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<\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"660555\" 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=\"660555\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/13\/chinese-tech-stocks-log-big-gains-riding-on-deepseeks-historic-debut\/\">\r\n                            Chinese tech stocks log big gains riding on DeepSeek\u2019s historic debut                        <\/a>\r\n                    <\/h3>\r\n\r\n                    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size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"660556\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/13\/chinese-tech-stocks-log-big-gains-riding-on-deepseeks-historic-debut\/1250-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1250.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1250.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1250.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1250.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-660555\" class=\"content-area-description single-story post-660555 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-ai tag-china tag-deepseek tag-enterpriseam tag-financial-markets tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.ce675725-6d73-4c65-aa60-2f45424901cd.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Chin<\/strong><strong>a\u2019s tech stocks rallied in <\/strong><strong>February<\/strong><strong> as DeepSeek hype fueled investor appetite:<\/strong> Chinese tech stocks have been riding a wave of investor enthusiasm over the past month, with shares in some of the country\u2019s biggest tech names rising on the back of last month\u2019s unveiling of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9ca8451a-15ea-470d-a128-84a88808693b\/chinese-ai-model-threatens-us-dominance-with-a-fraction-of-the-cost\" style=\"\" rel=\"noopener\">DeepSeek\u2019s latest AI model<\/a> that performed on par with its American rivals \u2014 but for a fraction of the development cost \u2014 writes the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/af0636d6-59af-453c-9d75-6f6a3d9f11ce\" style=\"\" rel=\"noopener\">Financial Times<\/a>. For many investors, DeepSeek has proved that Chinese tech companies can challenge US\u2019 dominance in the sector, leading to bullish sentiment that has pushed China\u2019s tech-heavy indices on an upward path.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chinese tech indices have been performing especially well in comparison to their US <\/strong><strong>counterparts:<\/strong> The Hang Seng Tech Index of the 30 largest Hong Kong-listed tech companies \u2014 including many from the mainland \u2014 was up around 25% from its 2025-low on 13 January and performing better than its US peer, the Nasdaq 100, which ticked up 1.9% over February.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some Chinese stocks have seen their share price increase nearly 50%: <\/strong>Zooming in, the biggest seven US tech conglomerates inched down 0.5% collectively over the last month, while Chinese tech firms have seen their shares skyrocket following DeepSeek\u2019s dramatic debut. Alibaba made the biggest leap, gaining 49% in value in the past month, bolstered by reports that Apple is considering partnering with the e-commerce giant to roll out AI-powered features for iPhone users in China. Other now global household names saw significant gains, including automaker BYD with a 40% increase over the past month and Xiaomi with a 31% increase in share price.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is all happening as US tariffs on Chinese products come into effect: <\/strong>Many market observers had predicted a rocky period ahead for Chinese stocks with US President Donald Trump\u2019s threats and now imposition of a 10% levy on incoming Chinese goods \u2014 all USD 450 bn of them. However, investor appetite for the country\u2019s tech sector and the expectations of policy support seem to have kept the country\u2019s stock exchanges comfortably in the green, with the mainland\u2019s CSI 300 up over 4%.<\/p><p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are in the green in early trading this morning <\/strong>\u2014 Japan\u2019s Nikkei is up 1.1%, the Shanghai Composite is up 0.1%, and the Kospi is looking at gains of 1%. <\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\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>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\">29,662<\/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-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 50.56<\/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 50.70<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CIB<\/strong><strong>)<\/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 50.57<\/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 50.67<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">27.25% deposit<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">28.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">12,386<\/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: +2.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,659<\/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: +2.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,304<\/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\">-0.6% (YTD: +2.8%)<\/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>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\">6,052<\/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: +2.9%)<\/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\">8,807<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +7.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,406<\/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: +10.4%)<\/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>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 74.96<\/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\">-2.7%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.57<\/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\">+1.3%<\/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>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 2,929<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 97,821<\/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\">+1.5% (YTD: +4.8%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div><p class=\"tag-border-left\">THE CLOSING BELL-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 rose 0.3% at yesterday\u2019s close<\/strong> on turnover of EGP 3.5 bn (5.6% below the 90-day average). International investors were the sole net buyers. The index is down 0.3% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Credit Agricole (+5.0%), GB Corp (+3.5%), and Palm Hills Development (+3.1%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Abu Qir Fertilizers (-2.6%), Fawry (-2.2%), and Juhayna (-1.6%).<\/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\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/deepseek\/\">DeepSeek<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"660557\" 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=\"660557\">\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\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/13\/my-morning-routine-ibrahim-sagna-executive-chairman-at-silverbacks-holdings\/\">\r\n                            My Morning Routine: Ibrahim Sagna, executive chairman at Silverbacks Holdings                        <\/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\/2025\/02\/13\/my-morning-routine-ibrahim-sagna-executive-chairman-at-silverbacks-holdings\/\" 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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Speaking to us this week is Ibrahim Sagna (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ibrahimsagna\/?originalSubdomain=eg\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), executive chairman at Silverbacks Holdings.<\/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>My name is Ibrahim Sagna, pronounced \u201cSanya.\u201d<\/strong> It\u2019s a Senegalese name that people often mispronounce as Sagna, so I try to make it easy for them by saying, \u201cYou know lasagna? Just remove the \u2018la\u2019.\u201d Of course, then people tend to fixate on lasagna \u2014 which actually helps make sure they don\u2019t forget my name.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I\u2019m an investor by training. <\/strong>My focus is on three key sectors \u2014 technology, sports, and entertainment \u2014 all of which are areas that remain underserved in Africa and the Middle East. I believe these industries have the potential to redefine the region\u2019s position on a global scale. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In practice, my job as executive chairman comes down to three things<\/strong> \u2014 aligning management with the board\u2019s vision, maintaining strong investor relationships, and evolving the firm\u2019s long-term strategy. At its core, my role is about being a dream builder \u2014 using decades of investment experience to help founders scale their vision into something global.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The firm I lead is called Silverbacks Holdings, which takes its name from the elder and <\/strong><strong>leader within a gorilla tribe <\/strong>\u2014 a reference to dominance and leadership. We focus on identifying dominant players in underserved markets and empowering them with capital, empathy, and authority. Our team, predominantly financially trained, has deep expertise in money management and capital, while our media and entertainment experience allows us to first understand a founder\u2019s story and then amplify it. We\u2019re also well known in the market and command respect, which we leverage to support the businesses we back.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I started Silverbacks Holdings with my own capital five years ago<\/strong>, investing a few mn USD alongside investment partners who are now part of our team. We later onboarded former clients, including CEOs of banks, insurance firms, and large construction companies and were backed by former athletes and Grammy-winning music superstars. These long-standing relationships, some spanning 15 to 20 years, backed us early in key bets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019ve had our share of \u201chappy accidents\u201d in the tech space <\/strong>\u2014 including an investment in <a target=\"_blank\" href=\"https:\/\/flutterwave.com\/eg\/\" style=\"\" rel=\"noopener\">Flutterwave<\/a> which we exited (partially) after 36 months at a price 73x higher than our entry price. One of sub-Saharan Africa\u2019s fastest-growing unicorns, Flutterwave scaled rapidly with strong VC backing and a founder experienced in payments. After that success, we set out to replicate it, first by taking a significant portion of our initial investment and reinvesting it. We allocated about 10% into GPs, and today, we\u2019re invested in nine different funds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Since that first happy accident, we\u2019ve had six more<\/strong> <strong>\u2014 achieving seven exits in five years. <\/strong>Our lowest exit returned 1.36 times cash. Two exits exceeded 10 times cash. A notable recent gain came from another fintech company called Moove, which we backed when valuation was at USD 65 min. We took a partial exit shortly after Uber took a 10% stake and valued the business at USD 750 mn. While we don\u2019t expect to replicate these returns indefinitely, we believe we've refined a strategy that differentiates between beta and alpha returns, with beta returns coming from backing emerging fund managers primarily in sub-Saharan Africa and parts of MENA. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This approach helps us uncover what we call \u201csilverbacks\u201d \u2014 the standout outliers<\/strong><strong>. <\/strong>We allocate 80% of our capital to these silverbacks, ensuring we back the strongest players in the market, while the remaining 20% goes to GPs. Our assets under management started at USD 5 mn and have grown significantly, attracting reinvestors and, more recently, we are busy attracting institutional capital, including DFIs and corporate private equity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We focus on four key sectors: sports, tech, entertainment, and a touch of fashion.<\/strong> Tech is the backbone, driving capital gains, while entertainment has proven highly profitable by backing producers who sell to platforms like Netflix and Amazon. Our niche in entertainment is cross-cultural storytelling, targeting massive, underexplored markets. A prime example is the Post Cards series, a Nigerian-Indian love story that resonated across both regions. Love stories, whether framed around culture, religion, or geography, are timeless, and securing distribution deals in FX provides a strong hedge against FX risks in markets like Egypt, Nigeria, and Turkey.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sports, often overlooked as an asset class, is actually the premium tier of entertainment. <\/strong>This is especially true in the US leagues, where multi-bn USD broadcast rights generate guaranteed, long-term revenues. These rights are pre-sold for up to 11 years in advance, creating predictable cash flow. Major leagues like the NBA and NFL are expanding into Africa, bringing with them institutional investment and sponsorship money. Recognizing this, we co-founded a South African basketball team that went on to become a national champion, leveraging our early insight into the NBA\u2019s expansion strategy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We see sports as the antidote to AI\u2019s growing influence. <\/strong>AI-generated content will dominate screens, just as processed food has overtaken natural diets. And just like the rise of organic food, live experiences \u2014 sports, concerts, theater \u2014 will become the \u201corganic\u201d alternative to digital saturation. Demand for real, in-person connection will surge, and live events will be priced like premium goods. This is why we're doubling down on sports and entertainment \u2014 industries that aggregate communities in ways AI never can.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beyond sports, we\u2019ve created an ecosystem where tech, entertainment, and media <\/strong><strong>investments feed into each other. <\/strong>Our portfolio founders cross-invest \u2014 tech firms sponsor our sports teams, while others back our entertainment ventures. <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/@In_TheValley\/videos\" style=\"\" rel=\"noopener\">In the Valley<\/a>, our podcast with 3 mn views on YouTube, amplifies these ventures by providing a media platform for CEOs and founders. We've also invested in media platforms like Amaka, which started as a women-focused creator network and now amplifies content for a broad base of creators. Additionally, we work with Forbes local franchises in multiple languages to ensure our portfolio companies gain visibility across key markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The future of business isn\u2019t necessarily written in the West <\/strong>\u2014 it\u2019s being reshaped by regions like the Gulf, where Saudi Arabia, the UAE, and Qatar are investing bns into sports, media, and entertainment. The next 30 years will see power centers multiply, and the key is to own businesses that can tap into these recurring revenue streams. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Today, immigrants are building businesses for the diaspora<\/strong> \u2014 whether within their adopted countries or back home. This space is largely untapped, yet holds immense potential. We back founders who see these gaps, whether it\u2019s a designer whose shoes now sell on Broadway or a beauty entrepreneur catering to underserved markets at Sephora. These businesses don\u2019t need control-heavy investors; they need partners who bring financial expertise, governance, and authority \u2014 and then step back and let them do what they do best.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My morning routine is built around aligning my day with my obsessions.<\/strong> I wake up around 5:00am or 5:30am, and after the morning prayer, I ease into the day with coffee \u2014 always blended with butter, a habit I picked up a few years ago that boosts energy and curbs hunger \u2014 then head to a workout. When I\u2019m in Cairo, I train at F45, a high-intensity mix of lifting and cardio that fits perfectly into my schedule since it\u2019s never more than 45 minutes. On days I don\u2019t go, I hit Gold\u2019s Gym for cycling and weights. Throughout, I\u2019m always listening to a podcast, making the most of that time by learning something new.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Podcasts have been a game-changer for me. <\/strong>I used to read a lot, but with ADHD, long-form reading requires breaks. Podcasts, on the other hand, allow for continuous learning. I divide my listening across three areas: investing, philosophy, and health. On investing, Ray Dalio and Robert Smith stand out, and I regularly tune into Capital Allocators, 20 VC, Invest Like the Best for insights from top investors. For philosophy, Naval Ravikant\u2019s audiobook titled The Almanack is a must \u2014 his perspective on wealth, happiness, and peace has been transformative for me. On health, podcasts involving Peter Attia are eye opening, and Diary of a CEO has been producing good content lately.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I stay focused by constantly filtering <\/strong>\u2014 figuring out what not to do, which transactions to avoid, and which opportunities aren\u2019t worth the time. To stay organized, I\u2019ve surrounded myself with highly intuitive and structured people, most of whom are women. I believe intuition is the most reliable of human faculties \u2014 it sharpens with time, unlike physical strength or intellect. Yet, men are often conditioned to suppress it.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/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=\"660559\" 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\/2025\/02\/13\/660559\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-660559\" class=\"content-area-description single-story post-660559 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\">FEBRUARY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">13-17 February (Thursday-Monday): The 10th Annual Conference of the Businesswomen of Egypt 21 Association, the Arab League HQ, Cairo.<\/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;\">15 February (Saturday): The 14th annual conference of CFA Society Egypt, InterContinental Cairo Semiramis, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-16 February (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/au.int\/en\/summit\/38\" style=\"\">African Union Summit<\/a><\/span><span style=\"font-weight:400;\">, Addis Ababa, Ethiopia.<\/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;\">17 February: (Monday): Cypriot President Nikos Christodoulides will visit Egypt to sign agreements to transport Cypriot gas to Egypt to be liquefied and exported. <\/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=\"\">Egypt Energy Show<\/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 February (Tuesday): Government to publish trade balance figures.<\/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 (Tuesday-Wednesday): 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;\">20 February (Thursday): The central bank\u2019s Monetary Policy Committee meets to decide interest rates.<\/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 February (Thursday): The Egyptian-Swiss Business Circle and Kickstart Innovation are hosting Innovate Together: Business Opportunities Between Egypt and Switzerland<\/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;\">21-23 February ( Friday-Sunday): The First Arab Fraud Combating Summit.<\/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;\">27 February (Thursday): Emergency Arab Summit on the Palestinian issue, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">BP to bring the second well of its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ac665409-aa60-44ba-83ae-d2d40e48071f\/bp-to-invest-usd-400-mn-in-two-new-wells.-plus:-agiba,-pickalbatros,-juba,-alexandria-port-authority,-el-araby-group,-carbon-credits\" style=\"\">Raven natural gas project online<\/a><\/span><span style=\"font-weight:400;\">, with additional production capacity expected.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Orascom Pyramids Entertainment to bring total investments in the Pyramids Plateau to EGP 1.5 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Subscription period for Your Home in Egypt initiative opens.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARCH <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">3 March (Monday): Central bank to publish foreign reserve data for February.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4 March (Tuesday): S&P Global to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.pmi.spglobal.com\/Public\/Release\/ReleaseDates\" style=\"\">release<\/a><\/span><span style=\"font-weight:400;\"> Egypt\u2019s PMI figures for March.<\/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;\">10 March (Monday): Capmas expected to release inflation data for February.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Arla Foods\u2019 <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2025\/1\/593.pdf\" style=\"\">deadline<\/a><\/span><span> for Domty acquisition offer.<\/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;\">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=\"\">Alwaad Investment to inaugurate a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c5031e5a-8dff-46e0-bd09-d3c8e84310be\/zafarana-wind-farm-sale-pushed-back%3F-plus:-news-from-eastern-company,-rameda,-fawry#:~:text=%233%2D%20A%20new,the%20local%20market.\" style=\"\">new cold beverage plant<\/a><\/span><span style=\"font-weight:400;\"> with an annual production capacity of 14.5 mn units.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">Al Ahly Sabbour to finalize <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0410565f-2df4-43e1-848d-263a4719dd75\/al-ahly-sabbour-plans-to-offer-up-to-a-25%2525-stake-on-the-egx\" style=\"\">preparations for its EGX listing<\/a><\/span><span style=\"font-weight:400;\">, offering 20-25% of its shares, with an advisor to be tapped in early 2025.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">March-April 2025: The government plans to start <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/853171ea-6141-4c0e-ab99-26af50b09d5d\/%253cmark%253ecapital%253c%2Fmark%253e%253cmark%253e-gains%253c%2Fmark%253e-taxes-incoming-in-2025#:~:text=%231%2D%20Gov%E2%80%99t%20to%20collect%20capital%20gains%20tax%20starting%202025%3A%20The\" style=\"\">collecting taxes on capital gains from EGX transactions<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">10 April (Thursday): Capmas expected to release inflation data for March.<\/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;\">The Suez Canal Container Terminal will begin trial operations for its expanded East Port Said facilities.<\/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;\">Government begins talks with EU on the second tranche of the of the EUR 5 bn concessional loans package<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><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=\"\">Egypt to launch trial operations of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4bb189ba-8a2b-4095-a555-fe8304a1b252#:~:text=Egypt%2DSaudi%20electricity%20interconnection%20set%20to%20launch\" style=\"\">first phase of its USD 1.8 bn Egypt-Saudi electricity interconnection project<\/a><\/span><span style=\"font-weight:400;\">, ahead of schedule<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/25529e2f-6b21-4444-b88c-dc0b93cf0b1d#:~:text=Tahya%20Misr%201%20container,in%202027%2C%20Madbouly%20added.\" style=\"\">Tahya Misr 1 container terminal to begin operations<\/a><\/span><span style=\"font-weight:400;\">, adding 3.5 mn container capacity to the port.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-9 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/narrativesummit.com\/%20PR%20Summit%20Launches%20its%209th%20Edition%20in%20the%20Red%20Sea\" style=\"\">Narrative PR Summit<\/a><\/span><span style=\"font-weight:400;\"> launches 9th edition, Red Sea<\/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 (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 style=\"font-weight:400;\">17 April (Thursday): Monetary Policy Committee\u2019s second meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28-30 April (Monday-Wednesday): FDC Regional Digital Industry Summit will launch cybersecurity index.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">10 May (Saturday): Capmas expected to publish inflation data for April.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-20 May (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alborsaanews.com\/2025\/02\/04\/1866442\" style=\"\">First Arab International Exhibition<\/a><\/span><span style=\"font-weight:400;\"> for Sustainable Development.<\/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;\">22 May (Thursday): Monetary Policy Committee\u2019s third meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Egyptian Exporters Association (Expolink) exhibition, Italy<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">French rolling stock manufacturer Alstom will submit technical and financial bids for Cairo Metro Line 6 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">JUNE<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">10 June (Tuesday): Capmas expected to publish inflation data for May.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">June 2025: MPs approve<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c8403a52-d1a1-4538-9174-5628aafc0aaa\/egypt-wants-to-attract-usd-4-bn-in-renewable-investments-next-year#:~:text=%231%2D%20MPs%20approve%20amendments%20to%20tax%20dispute%20resolution%3A\" style=\"\">extension of tax dispute resolution window until 30 June 2025<\/a><\/span><span style=\"font-weight:400;\">, with potential for further extension<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">June 2025: Nissan and Honda finalise talks about <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3acbf07a-b62d-4bfc-9831-0ee12e3f5947\/honda,-nissan,-and-mitsubishi-eye-potential-usd-58-bn-merger-amid-rising-ev-competition%5C\" style=\"\">possible merger to create the world\u2019s third largest automobile company<\/a><\/span><span style=\"font-weight:400;\"> by sales. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">June 2025:<\/span> <span style=\"\">Coficab to complete its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3b26ecf0-9b2a-4737-9048-f6ff0830719c\/madbouly-cabinet-approves-redrafted-labor-act-during-its-weekly-meeting#:~:text=%234%2D%20And%20another%20one%20for%20Coficab%3A%20Cabinet%20also%20approved\" style=\"\">USD 88 mn automotive cable and electrical factory<\/a><\/span><span style=\"font-weight:400;\"> in Tenth of Ramadan City <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JULY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">10 July 2025 (Thursday): Monetary Policy Committee\u2019s fourth meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">15-16 July 2025 (Tuesday-Wednesday): Egypt Mining Forum.<\/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=\"\">July 2025: Etihad Airways to launch <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fc282ccf-4479-442d-b6ad-1bbf1f31f4b3\/halliburton-to-bring-four-wells-online-by-december.-plus:-news-from-medcom-aswan,-fra,-q-developments,#:~:text=%232%2D%20Etihad%20Airways%20launches%20flights%20to%20Alamein%3A%20UAE%E2%80%99s%20Etihad%20Airways%20will%20launch%20twice%2Dweekly%20flights%20to%20Alamein%20starting%20July%202025.\" style=\"\">twice-weekly flights to Alamein<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">July 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/361907e6-fffa-41dc-a4f8-95ecd318388a\/israel-to-up-tamar-gas-exports-to-egypt-by-4-bn-cubic-meters-per-year-over-the-next-decade#:~:text=We%E2%80%99re,the%20Israeli%20outlet.\" style=\"\">Israel to begin increasing gas exports to Egypt from Chevron\u2019s offshore Tamar field<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">AUGUST <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28 August 2025 (Thursday): Monetary Policy Committee\u2019s fifth meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>August 2025: Tourism Development Authority to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5a9f59c5-87cd-41d0-a92d-546cb0333b03\/gov%25e2%2580%2599t-offers-up-seven-airport-investments#:~:text=%231%2D%20Tourism%20authority,the%20tourism%20sector.\" style=\"\">waive late payment penalties<\/a><\/span><span> for land purchases if full installments are paid<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">September 2025: Egypt Education Platform (EEP) to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e1e93e97-a640-4519-9bdc-69be48815b08\/education-platform-epp-wants-to-set-up-two-schools-in-alexandria-and-soma-bay-by%253cmark%253e-2025%253c%2Fmark%253e\" style=\"\">launch two new schools in Alexandria and Somabay<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">September 2025:<\/span><span style=\"\"> Egypt Otsuka\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/951a0387-415a-4039-83bb-955ab4e7a746\/otsuka-breaks-ground-on-new-usd-40-mn-factory-in-egypt\" style=\"\">nutritional products factory<\/a><\/span><span style=\"font-weight:400;\"> in Tenth of Ramadan to begin operations, with exports to Gulf countries expected by January 2026<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">OCTOBER<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2 October 2025 (Thursday): Monetary Policy Committee\u2019s sixth meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">NOVEMBER<\/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 November 2025 (Thursday): Monetary Policy Committee\u2019s seventh meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">DECEMBER<\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25 December 2025 (Thursday): Monetary Policy Committee\u2019s eighth meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">December 2025: Taqa Arabia and Voltalia to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d3ee0dc0-c392-499e-bfd5-3d2ae4d554bb\/taqa-arabia-voltalia-consortium-and-the-uae%25e2%2580%2599s-alcazar-could-set-up-5.2-gw-worth-of-egyptian-renewables-projects\" style=\"\">complete studies for repowering the 545-MW Zafarana wind farm<\/a><\/span><span style=\"font-weight:400;\"> with 1.1 GW of wind and 2.1 GW of solar power<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">Early 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0b97fcf-95b0-4d39-86ae-0a4989221520\/adq-acquires-development-rights-to-ras-el-hekma-for-usd-24-bn,-will-invest-a-further-usd-11-bn-in-real-estate-and-other-prime-projects\" style=\"\">ADQ to break ground on the development of Ras El Hekma<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">Early 2025: Al Ismaelia to begin working on <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b37e1b41-d466-4798-8101-be91fafecef6\/al-ismaelia-to-complete-two-new-downtown-hotels-by%253cmark%253e-2025%253c%2Fmark%253e.-plus:-egpc-goes-solar,-cib-%2B-ostuka,-noornation-%2B-kbw-ventures,-radwan,-rowan-university-heads-to-the-nac#:~:text=Al%20Ismaelia%20has,2025%2C%20Shafei%20added.\" style=\"\">two new hotels and hotel apartments in Downtown Cairo<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Early 2025: The Communications Ministry will unveil the second edition of its national AI strategy in early 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">Early 2025: The Suez Canal Authority to launch <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0f20e8b9-2a88-4d84-9c4c-cbb7083d24eb\/imf-trims-egypt%25e2%2580%2599s-growth-outlook#:~:text=We%20have%20a,earmarked%20for%20privatization.\" style=\"\">an IPO for the Canal Company for Mooring and Lights<\/a><\/span><span style=\"font-weight:400;\"> (CCML) on the EGX.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">Early 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e62aec66-2613-4f71-9123-22586a5cce98\/al-safy-to-invest-usd-80-mn-to-develop-its-television,-smartphone-production-lines.-plus:-exeed,-mineral-resources-authority,-raya-holding-%2B-helios,-ict-misr,-orange-egypt#:~:text=Orange%20Egypt%20pencils,services%2C%20he%20added.\" style=\"\">Orange Egypt to launch 5G services<\/a><\/span><span style=\"font-weight:400;\">, with EGP 10 bn planned for network upgrades.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">Early 2025: BP to begin drilling at the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0cac749b-5323-4523-afd4-ba3bf8f3ba46\" style=\"\">King Mariout Offshore<\/a><\/span><span style=\"font-weight:400;\"> concession.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">Early 2025: Jinbei Royal Egypt to begin <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3cba7dcd-b25c-4d88-9138-43dd0522d390\/chinese-automaker-jinbei-to-launch-local-assembly-through-its-local-agent\" style=\"\">local assembly of 3k Jinbei vehicles<\/a><\/span><span style=\"\">, including the country\u2019s first electric cargo van and microbus<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1Q 2025: The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid025sMRLrhcNpivREmMd3LhFUkW4P5Yv4fKpqtKEu5sg9HmkSaBvkA4cszq6mVRBUbbl&id=61562245173260\" style=\"\">Egyptian-Italian business forum<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q 2025: Investment Minister Hassan El Khatib to visit Italy<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q 2025: Eipico\u2019s biopharma plant to begin operations<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q 2025: Finance Ministry to launch public consultations on its tax policy document<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: Egypt to sign trade <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1d75eae1-5784-4b33-b5cd-166686c5eb59\/egypt-to-ink-agreements-with-bahrain,-uae-to-cut-customs-clearance-time#:~:text=Egypt%20to%20sign%20trade%20agreements%20with%20Bahrain%20and%20UAE%20to%20cut%20customs\" style=\"\">agreements<\/a><\/span><span style=\"font-weight:400;\"> with Bahrain and UAE to slash customs clearance times<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: Government to launch <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f8a63b78-cc61-4e81-ba01-aeac0b96e5e4\/halliburton-could-invest-more-in-egypt%25e2%2580%2599s-energy-sector#:~:text=The%20government%20is%20set%20to%20launch%20a%20EUR%20271%20mn%20green%20industry%20program%20in\" style=\"\">EUR 271 mn green industry program<\/a><\/span><span style=\"font-weight:400;\"> to cut emissions<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87b399ed-19f9-4ab0-a6f7-b1bcf5897fb8\/egypt-rejects-reports-it-asked-imf-to-up-its-next-loan-trance-by-an-extra-usd-700-mn#:~:text=%232%2D%20Egypt%2DAzerbaijan%20joint%20committee%20to%20meet%20in%201Q\" style=\"\">Egypt-Azerbaijan joint committee<\/a><\/span><span style=\"font-weight:400;\"> to meet to bolster trade and investment ties <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: Turkish Automotive Manufacturers Association and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c8403a52-d1a1-4538-9174-5628aafc0aaa\/egypt-wants-to-attract-usd-4-bn-in-renewable-investments-next-year#:~:text=Turkish%20auto%20and,ministry%20statement.\" style=\"\">Turkish Contractors Association to visit Egypt<\/a><\/span><span style=\"font-weight:400;\"> following an invitation from the Investment Minister<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: One of four companies, including Abu Qir Fertilizers, Mopco, Egyptian Petrochemicals Holding Company, and a Saudi-affiliated firm, to be selected for the USD 450 mn <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1da96967-4d91-4b80-a568-ed44adb745ba\/companies-line-up-to-revive-delta-fertilizers\" style=\"\">redevelopment of Delta Fertilizers<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: GV Auto to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4a7352ec-4728-4d25-996c-f388b1e738c9\/egypt-to-start-manufacturing-faw-evs-in-less-than-a-year.-plus:-pharma,-commodities,-telecom-news\" style=\"\">begin local production of FAW Group\u2019s cheapest EV<\/a><\/span><span style=\"font-weight:400;\"> model.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1Q 2025: Alkan Auto to launch BAIC subsidiary Arcfox\u2019s EVs to the market.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: Dynamic Distribution to launch a new <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/88db01cc-18d1-4f8d-a925-4d8594715f56\/electricity-ministry-sets-offtake-prices-for-stored-solar-energy.-plus:-knauf-%2B-hassan-allam-construction,-siemens,-dynamic-distribution,-aton#:~:text=Dynamic%20to%20open%20Fiat%27s%20largest%20regional%20service%20center%3A\" style=\"\">competitively-priced Fiat model<\/a><\/span><span style=\"font-weight:400;\"> in Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: BP to drill <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/05de06d7-c056-4645-86e6-cceb7c1ce879\/aton-resources-to-launch-gold-extracting-and-processing-facility-in-2026.-plus:%253cmark%253e-bp%253c%2Fmark%253e-to-drill-two-new-wells,-sabbour-consulting-expands-to-ksa,-british-council-promotes-inclusion#:~:text=BP%20to%20drill%20two%20more%20exploratory%20wells%20in%20January%3A%20Global%20energy%20giant%20BP%20is\" style=\"\">two USD 160 mn exploratory gas wells<\/a><\/span><span style=\"font-weight:400;\"> in the West Delta.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: Port Said for Engineering Works to begin construction on a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6da06cef-ea3c-4e34-9f11-2034609a68d3\/port-said-for-engineering-works-to-build-usd-80-mn-foil-factory.-plus:-turkish,-chinese-investors-invest-usd-50-mn-in-sanitary-ware-production-in-egypt\" style=\"\">USD 80 mn aluminum foil factory in the SCZone<\/a><\/span><span style=\"font-weight:400;\">, targeting initial production of 60k tons annually.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: Pearl Polyurethane Systems to start production at its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/56ae4329-b447-4bbd-b1b0-ae90c9330db6\/sidpec-to-set-up-a-usd-159-mn-sodium-cyanide-factory-%2B-dp-world-to-look-into-setting-up-a-freezone-in-the-new-capital#:~:text=SCZone%20gets%20ready,SCZone%20statement.\" style=\"\">EGP 100 mn polyurethane factory<\/a><\/span><span style=\"font-weight:400;\"> in the Sokhna Industrial Zone. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: Sumitomo Electric to officially open its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/962993c1-2504-430b-9f5d-09027411fa61\/sumitomo-electric%25e2%2580%2599s-pigtail-cable-factory-in-tenth-of-ramadan-nears-completion\" style=\"\">EUR 22 mn cable factory<\/a><\/span><span style=\"font-weight:400;\"> in Tenth of Ramadan, with production set to begin next month.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: Construction of the USD 600 mn <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6523d5c2-e366-4988-bfcf-4cf598a91930\/oil-ministry-is-setting-up-a-usd-600-mn-gas-treatment-facility\" style=\"\">natural gas treatment plant<\/a><\/span><span style=\"font-weight:400;\"> in the Western Desert\u2019s Meleiha concession to wrap up, followed by a pilot run. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: El Araby Group and Sharp to break ground on a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7a77853a-daaa-42d7-af8b-f42a53d40b66\/el-araby-inks-usd-50-mn-agreement-with-sharp-to-produce-fridges-and-freezers\" style=\"\">USD 50 mn fridge and freezer manufacturing plant<\/a><\/span><span style=\"font-weight:400;\"> in the Quweisna zone.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: Hangzhou Henneway Travel Goods to begin production at its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5e56b963-e052-4cf2-a077-18e50a880511\/chinese-luggage-company-inks-agreement-for-usd-50-mn-factory\" style=\"\">USD 50 mn factory<\/a><\/span><span style=\"font-weight:400;\"> in the West Qantara Industrial Zone<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">1Q 2025: BP to drill <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/05de06d7-c056-4645-86e6-cceb7c1ce879\/aton-resources-to-launch-gold-extracting-and-processing-facility-in-2026.-plus:%253cmark%253e-bp%253c%2Fmark%253e-to-drill-two-new-wells,-sabbour-consulting-expands-to-ksa,-british-council-promotes-inclusion#:~:text=BP%20to%20drill%20two%20more%20exploratory%20wells%20in%20January%3A%20Global%20energy%20giant%20BP%20is\" style=\"\">two USD 160 mn exploratory gas wells<\/a><\/span><span style=\"font-weight:400;\"> in the West Delta<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Mid-2025: EGX launches sustainability index.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2Q 2025: Financial Regulatory Authority (FRA) to introduce derivatives on the EGX <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2Q 2025: Safaga Terminal 2 to start operations<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2Q 2025: Hassan Allam to build infrastructure for AD Ports' Noatum terminal at Safaga<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2Q 2025: Hassan Allam to build infrastructure for AD Ports' Noatum terminal at Safaga<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2Q 2025: EgyptSat Auto to start production at its EV factory in Tenth of Ramadan City<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1H 2025: EGX launches a sharia-compliant sustainability index.<\/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;\">1H 2025: The Egyptian Mineral Resources Authority will relaunch a global tender for gold exploration through Shalateen Mineral Resources company.    <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">1H 2025: Internal Trade Development Authority (ITDA) to establish<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3422acfc-009b-4e39-99fa-3a58603a1bae\/house-approves-usd-2-bn-loan-for-finmin#:~:text=2%2D%20Four%20new%20logistics%20zones%20in%20the%20making%3A%20The%20Supply%20Ministry%E2%80%99s%20Internal\" style=\"\">four logistics zones<\/a><\/span><span style=\"\"> with EGP 18-20 bn investments<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">1H 2025: Internal Trade Development Authority (ITDA) to establish<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3422acfc-009b-4e39-99fa-3a58603a1bae\/house-approves-usd-2-bn-loan-for-finmin#:~:text=2%2D%20Four%20new%20logistics%20zones%20in%20the%20making%3A%20The%20Supply%20Ministry%E2%80%99s%20Internal\" style=\"\">four logistics zones<\/a><\/span><span style=\"font-weight:400;\"> with EGP 18-20 bn investments<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1H 2025: Natco to launch Chinese firm Neta Auto\u2019s EV models.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">1H 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4543d21b-4d45-49bd-ac07-3d302969741c\/oci-offloads-methanol-interests-to-methanex-for-usd-2.05-bn\" style=\"\">OCI Global to complete the sale of its entire methanol business<\/a><\/span><span style=\"font-weight:400;\"> to Methanex for USD 2.05 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1H 2025: Egypt and the UAE to begin construction of a USD 3 bn petroleum logistics zone at Al Hamra Port<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">1H 2025: HoldiPharma to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b01f6216-3da7-4129-96a2-2204c796e9d3\/misr-pharma-and-cid-offerings-are-planned-for-1h%253cmark%253e-2025%253c%2Fmark%253e#:~:text=%232%2D%20More%20information%20on%20the%20planned%20Misr%20Pharma%20and%20CID%20offerings%3A%20State%2D\" style=\"\">list 25-30% stakes<\/a><\/span><span style=\"font-weight:400;\"> in Misr Pharma and Chemical Industries Development (CID) on the EGX<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">1H 2025: Korra Energi to list up to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6342f21e-1531-4a03-875f-54c4faa3cbb1\/korra-energi-to-offer-up-to-20%2525-of-company-in-upcoming-ipo\" style=\"\">20% stake<\/a><\/span><span style=\"font-weight:400;\"> on the EGX<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">1H 2025: Smart Villages Development and Management Company plans to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f8f50890-ed5a-4eda-b5a4-001f5792b427\/a-shot-at-tax-system-simplification#:~:text=The%20EGX%20could,in%20west%20Cairo.\" style=\"\">list 30-35% of its shares<\/a><\/span><span style=\"font-weight:400;\"> on the EGX<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">1H 2025: Halliburton to bring <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f8a63b78-cc61-4e81-ba01-aeac0b96e5e4\/halliburton-could-invest-more-in-egypt%25e2%2580%2599s-energy-sector\" style=\"\">three gas wells<\/a><\/span><span style=\"font-weight:400;\"> online as part of the Burullus project.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">1H 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e5e8e38-c790-4c52-8397-24915e148e0b\/chevron-to-start-nargis-gas-production-in%253cmark%253e-2025%253c%2Fmark%253e.-plus:-redcon-%2B-compass,-paysky-has-big-plans,-new-administrative-capital-construction#:~:text=Chevron%20to%20kick,the%20source%20added.\" style=\"\">Chevron to begin gas production from the offshore Nargis gas field<\/a><\/span><span style=\"font-weight:400;\">, initially producing 600 mn cf.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">1H 2025: Nile Recycling to launch USD 20 mn <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f84fed16-43df-4cc8-a703-c354b04f2a7e\/vodafone-egypt,-telecom-egypt-ink-egp-30-bn-worth-of-infrastructure-services,-5g-agreements#:~:text=%231%2D%20Nile%20Recycling%20to%20build%20USD%2020%20mn%20plastic%20recycling\" style=\"\">PET recycling facility in Ain Sokhna<\/a><\/span><span style=\"font-weight:400;\">, targeting an annual capacity of 22k tons and reducing carbon emissions by 40k tons<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">3Q 2025: Nasr Automotive begins locally manufacturing passenger cars.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">3Q 2025: AMEA Power to bring 500 MW <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/399add70-be7a-4dd4-b41f-4802af3be0c6\/khalda-petroleum-has-a-usd-70-mn-diesel-project-brewing.-plus:-news-from-amea-power,-hhd,-delta-sugar,#:~:text=Some%20500%20MW,in%203Q%202025.\" style=\"\">Amunet wind farm online<\/a><\/span><span style=\"font-weight:400;\"> in Ras Ghareb<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">4Q 2025: Abou Ghaly Motors to introduce the Subaru Solterra to the market<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">4Q 2025: Two new projects in food manufacturing and home textiles to begin operations in the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c09fb4bb-a77b-4cf7-8f57-6f69132950a7\/qantara-west-industrial-zone-to-welcome-two-new-projects-with-investments-of-usd-38-mn\" style=\"\">Qantara West Industrial Zone<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2H 2025: National Printing Company to make its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1d75eae1-5784-4b33-b5cd-166686c5eb59\/egypt-to-ink-agreements-with-bahrain,-uae-to-cut-customs-clearance-time#:~:text=The%20National%20Printing%20Company%20(NAPR)%20will%20make%20its%20EGX%20debut%20in%202H%202025%2C\" style=\"\">EGX debut<\/a><\/span><span style=\"font-weight:400;\"> after delayed IPO plans<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2H 2025: Tabarak Holding to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad884254-66d2-45cf-ada4-612e88318194\/real-estate-player-tabarak-holding-to-ipo-on-the-egx-by-2h%253cmark%253e-2025%253c%2Fmark%253e\" style=\"\">list 30% of its shares<\/a><\/span><span style=\"font-weight:400;\"> on the EGX<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2H 2025: Turkish apparel company Denim Rise to open a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/81933db7-0301-4bdb-8a9c-3ddaceb7c3c4\/turkish-denim-manufacturer-to-invest-usd-8.8-mn-in-sczone\" style=\"\">garment manufacturing facility<\/a><\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2H 2024: Hi-Tech Apparel to break ground on a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d37e6527-1e8b-450d-a371-68e38a2907c9\/chinese-usd-146-mn-iron-pipes-factory-breaks-ground.-plus:-a-thai-usd-20-mn-sportswear-factory-in-the-works,-egp-100-mn-home-appliances-factory-for-egypt%25e2%2580%2599s-tredco#:~:text=%232%2D%20Thai%20investors,create%201.5k%20jobs.\" style=\"\">USD 20 mn sportswear factory in the SCZone<\/a><\/span> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2H 2025: Eni to drill <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/97c6012f-bce9-4cd3-a3da-a6e9fd62038e\/%253cmark%253eeni%253c%2Fmark%253e-to-drill-two-new-wells-in-zohr-in-2025#:~:text=Eni%20to%20up,the%20source%20added.\" style=\"\">two new wells in the Zohr field<\/a><\/span><span style=\"\"> with USD 160 mn in investments<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Mid-2025: The Administrative Capital for Urban Developments to roll out the second phase of offering industrial plots to investors <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">Mid-2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/16483933-38e4-4434-a414-96ba8aa8f619\/el-nasr-auto-and-al-safy-group-form-auto-assembly-jv-with-usd-40-mn-in-initial-investments\" style=\"\">SN Automotive to launch three locally assembled models<\/a><\/span><span style=\"font-weight:400;\"> \u2014 one electric and two gasoline-powered \u2014 in Egypt<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">Mid-2025: Suez\u2019s USD 1.8 bn <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9e22e13-4792-4199-b649-bd30658bce2e\/egypt%25e2%2580%2599s-coal-and-diesel-production-complex-should-be-complete-next-year#:~:text=Suez%E2%80%99s%20USD%201.8,late%202021.\" style=\"\">coal and diesel production complex<\/a><\/span><span style=\"font-weight:400;\">, developed by Enppi and Petrojet, to be completed<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">Mid-2025: Wataneya and Safi to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dea8e346-ad41-4501-829e-eb79835b9e95\/government-to-offer-up-stakes-in-ten-companies-to-strategic-investors-and--on-the-egx-in-2025\" style=\"\">debut on the EGX<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">End of 2025: The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c6b869cb-e868-4da4-9a22-1539fd12acbe\/the-lowdown-on-the-egypt-digital-industrial-platform\" style=\"\">Egypt Digital Industrial Platform will expand to include additional services<\/a><\/span><span style=\"font-weight:400;\"> for manufacturers, including the issuance of licenses, building permits, and industrial records<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">End of 2025: An unnamed Chinese company and the state-owned Arab Organization for Industrialization (AOI) to begin production at a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/70dd2612-1d8c-4f14-877e-802044a3b1d5\/egyptian-chinese-jv-to-set-up-usd-360-mn-tire-factory-in-the-sczone\" style=\"\">USD 360 mn tire factory<\/a><\/span><span style=\"font-weight:400;\"> in the SCZone.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">End of 2025: A consortium including Redcon Properties and Al Baraka Bank to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f0c3bd68-188f-4de9-a7f1-0e444921f13d\/ksa%25e2%2580%2599s-adeer-wants-to-set-up-a-real-estate-fund-in-egypt\" style=\"\">launch a local real estate investment fund<\/a><\/span><span style=\"font-weight:400;\"> with over EGP 1 bn in initial investments<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">Late 2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0945ad29-e1bb-4454-8668-1b8c99a6c110\/baron-to-invest-egp-3-bn-in-five-local-hotels-and-zanzibar-expansion-by-2026:-plus:-efg-hermes-%2B-maarif-education,-compass-capital-%2B-ci-capital,-green-coast,-edafa,-orascom-pyramids-entertainment,-bank-nxt-%2B-mindgate-solutions\" style=\"\">Baron Hotels<\/a><\/span><span style=\"font-weight:400;\"> to open a new hotel in Sharm El Sheikh and debut its first international property in Zanzibar with 150 luxury suites<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2025: The InterAcademy Partnership assembly<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2025: Nile Basin States Summit, Cairo, Egypt<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2025: Release of the government\u2019s Startup Charter document <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: Nafeza to integrate <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bf0bae9c-1af3-4fb7-96f7-8cfc43d3287a\/smart-ports-aim-to-transform-egypt%25e2%2580%2599s-logistics-landscape#:~:text=The%20Nafeza%20platform%20%E2%80%94%20first%20launched%20in%202021%20%E2%80%94%20has\" style=\"\">air cargo into its digital customs platform<\/a><\/span><span style=\"font-weight:400;\">, further streamlining trade logistics<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d8b265c6-c9d4-4808-bf41-94517026a6ab\/africa50-completes-42.9%2525-stake-acquisition-of-raya-data-center\" style=\"\">Africa50 completes 42.9% stake acquisition in Raya Data Centers<\/a><\/span><span style=\"font-weight:400;\"> for USD 15 mn to fund construction of a USD 35 mn Tier III data center.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: MM Group for Industry and International Trade is set to launch <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fc282ccf-4479-442d-b6ad-1bbf1f31f4b3\/halliburton-to-bring-four-wells-online-by-december.-plus:-news-from-medcom-aswan,-fra,-q-developments,#:~:text=%234%2D%20Sixteen%20new%20Tata%20car%20models%20to%20be%20launched%20next%20year%3A%20MM%20Group%20for%20Industry%20and%20International%20Trade%20is%20set%20to%20launch%2016%20new%20Tata%20vehicle%20models%20locally%20in%202025.\" style=\"\">16 new Tata vehicle models locally<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: China to issue <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9798b1a1-9b81-464d-956f-20a24da55fd1\/\" style=\"\">USD 411 bn in special treasury bonds<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: El Attal Holding to list <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1cdd96d5-8ef6-4807-9451-31498a70e53f\/fedcoc-calls-for-shops-to-open,-close-later-under-new-opening-hours#:~:text=%232%2D%20El%20Attal,end%20of%202024.\" style=\"\">30-35% of its shares<\/a><\/span><span style=\"font-weight:400;\"> on the EGX<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: The Administrative Capital for Urban Development <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c97e865a-fd8a-4b88-9383-9546964ca6fc\/the-cbe-is-meeting-today-%25e2%2580%2594-analysts-expect-rates-to-remain-unchanged#:~:text=%232%2D%20ACUD%20IPO,in%202Q%202024.\" style=\"\">(ACUD) to launch its EGX debut<\/a><\/span><span style=\"font-weight:400;\">, offering 5-10% of its shares.**<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/13b15866-b6e1-4e27-97cd-61f38cacc5ed\/we%25e2%2580%2599ll-have-more-on-qalaa%25e2%2580%2599s-debt-buyback-soon#:~:text=%231%E2%80%93%20Basata%20to,other%20transactions%20remotely.\" style=\"\">Basata Holding for Financial Investments to offer 25% stake on the EGX<\/a><\/span><span style=\"font-weight:400;\"> as part of a plan to double its capital to EGP 1.4 bn.**<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d78b3f97-3857-41cb-b9d9-e27388f70a29\/hilton-to-triple-its-presence-in-egypt-with-25-new-hotels-in-the-pipeline\" style=\"\">Hilton Cairo Nile Maadi to open early in the year<\/a><\/span><span style=\"font-weight:400;\">, alongside debuts of Tapestry Collection and Curio Collection by Hilton.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: Palm Hills and Marriott to launch <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1a12028d-4ce5-44f1-8b64-01d4ca27863d\/al-mashat-meets-with-eu-delegation-to-discuss-unlocking-eur-1.8-bn-investment-guarantee-mechanism#:~:text=Palm%20Hills%20and%20Marriott%20to%20launch%20Ritz%2DCarlton\" style=\"\">The Ritz-Carlton Residences in West Cairo<\/a><\/span><span style=\"font-weight:400;\">, featuring 150 branded units across 45 acres<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: Jaz Hotel Group to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4f07f69a-6cf4-41ee-8ddf-a1e73b56af66\/jaz-hotel-group-to-invest-usd-215-mn-to-open-six-new-hotels-in%253cmark%253e-2025%253c%2Fmark%253e.-plus:-pickalbatros-expands-hotel-portfolio-across-morocco\" style=\"\">set up<\/a><\/span><span style=\"font-weight:400;\"> two new hotels in North Coast, two in Hurghada, and two in Marsa Alam <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: Sunrise Resorts & Cruises to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/25e6ad3b-dbed-489a-87b2-f30662243a1f\/sunrise-resorts-&-cruises-plans-to-add-4k-hotel-rooms-in-2025\" style=\"\">add 4k hotel rooms to its hotels capacity<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: Egyptian Petrochemicals Holding Company (ECHEM) to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8fd53fdc-ed59-4219-9f14-e3ab535b0640\/oil-ministry-gets-the-ball-rolling-on-usd-530-mn-sustainable-aviation-fuel-project\" style=\"\">complete studies and kick off production of Egypt\u2019s first sustainable aviation fuels<\/a><\/span><span style=\"font-weight:400;\"> (SAFs).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: Polaris Parks to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7fde11b9-edfc-41b8-b607-2fc31f69ee22\/polaris-parks-to-invest-egp-10.5-bn-to-develop-two-new-industrial-parks\" style=\"\">begin development of the industrial park<\/a><\/span><span style=\"font-weight:400;\"> in New October City<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: EgyptAlum to launch a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1172e99e-6721-428e-bf34-f906d6339e94\/egypt%E2%80%99s-el-sisi-ratifies-unified-budget-act-amendments#:~:text=Misr%20Aluminum%20has%20a%20foil%20production%20line%20in%20the\" style=\"\">USD 100 mn foil production line<\/a><\/span><span style=\"font-weight:400;\"> with a 50k-ton annual capacity<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: Honor to begin operations at its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8b6adeb2-4542-420b-b461-22ebaca13fdb\/afdb-could-help-fund-our-1.1-gw-wind-farm.-plus:-news-from-ibn-sina,-palm-hills,-honor#:~:text=Honor%20could%20start,of%20its%20production.\" style=\"\">proposed smartphone manufacturing facility in Egypt<\/a><\/span><span style=\"font-weight:400;\">, with an initial investment of USD 10 mn<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025: Indorama and Phosphate Misr to begin implementation of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e61d001a-ad4a-4b9d-a77f-d7300a6fdeed\/we-have-a-usd-500-mn%253cmark%253e-fertilizer%253c%2Fmark%253e-plant-in-the-making.-plus:-fresh-oil-agreements,-investments#:~:text=%231%2D%20Pulse%20check,solar%20panel%20production.\" style=\"\">USD 400-500 mn phosphate fertilizers plant<\/a><\/span><span style=\"font-weight:400;\"> in Ain Sokhna<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">FY 2025-26: Egypt to issue its <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ccb5878e-671d-4785-af66-d6daacf66e15\/egypt-to-issue-its-first-local-currency-sukuk-in-fy%253cmark%253e-2025%253c%2Fmark%253e-26\" style=\"\">first EGP-denominated sovereign sukuk<\/a><\/span><span style=\"font-weight:400;\"> to finance public investments outside the general budget<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">FY 2025-26: The government to begin <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/018eb8f0-33bb-4154-8315-01dd92a8f2db\/adq-will-lay-the-foundation-stone-for-its-ras-el-hekma-project-this-week#:~:text=%232%2D%20Gov%E2%80%99t%20to,%3A48).\" style=\"\">introducing cash-based subsidies<\/a><\/span><span style=\"font-weight:400;\"> on a trial basis in select areas of the country<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"\">2025-2027: EUR 4 bn in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d11cb8b8-2a7d-4012-b98b-b9abd0e310f5\/eu-approves-the-disbursement-of-eur-1-bn-to-egypt\" style=\"\">concessional loans<\/a><\/span><span style=\"font-weight:400;\"> to follow as part of a EUR 7.4 bn package<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2026<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.5;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Baron Hotels to launch two hotels in Egypt with 950 rooms, followed by another with 750 rooms.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>May 2026: End of extension for developers on 15% interest rates for land installment payments <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;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;\">2027: Egypt to host EBRD\u2019s annual meetings for 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;\">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\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>Al Ahly Sabbour\u2019s IPO plans | More renewables | Egypt\u2019s M&#038;A market in 2024 | Demand for Chinese tech stocks.<\/p>\n","protected":false},"featured_media":660537,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-660536","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"d2fc223c-ae5f-4034-b674-7133a58ff2b8","teaser":"Al Ahly Sabbour\u2019s IPO plans | More renewables | Egypt\u2019s M&A market in 2024 | Demand for Chinese tech 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