{"id":663284,"date":"2025-04-07T00:00:00","date_gmt":"2025-04-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=663284"},"modified":"2025-12-18T04:34:13","modified_gmt":"2025-12-18T04:34:13","slug":"tariff-uncertainty-sees-egp-drop-to-lowest-level-since-march-float","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/tariff-uncertainty-sees-egp-drop-to-lowest-level-since-march-float\/","title":{"rendered":"Tariff uncertainty sees EGP drop to lowest level since March float"},"content":{"rendered":"<section id=\"663286\" 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=\"663286\">\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\/04\/07\/finance-ministry-eyes-fresh-incentives-to-push-smes-to-join-the-tax-system\/\">\r\n                            Finance Ministry eyes fresh incentives to push SMEs to join the tax system                        <\/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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style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.56f3a60b-0937-4262-8aac-3cd8d0a70bec.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, y\u2019all.<\/strong> Tariffs are still driving the news cycle, both in the global press and here at home. In today\u2019s issue, we\u2019ve got news of the EGP\u2019s tariff-induced slip against the greenback, market jitters causing investors to cash out from the EGX, and more in today\u2019s packed issue.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As we note below: You should be worried if the EGP wasn\u2019t dipping right now against the greenback. <\/strong>There\u2019s clear logic to why the EGP slipped yesterday. Its dip and a robust interbank market suggest that the mechanics of a free-floating currency are working as they should. We\u2019ll be talking lots more about the impact of tariffs on markets, currencies, and economies in the weeks to come \u2014 watch this space. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>UP FIRST- It\u2019s the first day of the EFG Hermes One on One in Dubai. <\/strong>The One on One is the largest investor conference focused on emerging markets \u2014 and it\u2019s difficult to imagine a more opportune time for companies and equity investors to chew the fat than now: Global markets are roiling in the wake of US President Donald Trump\u2019s bid to reshape the post-Second World War economic order. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On stage this morning: <\/strong>Central Bank of Egypt Deputy Governor <strong>Ramy Aboul Naga<\/strong> will offer what\u2019s being billed as an \u201cinside view into Egypt\u2019s economic reset\u201d in a fireside chat. Next up will be a panel discussion in partnership with the Dubai Financial Market on the role of capital markets in bringing to life the UAE\u2019s long-term vision. On stage will be DFM and Nasdaq Dubai CEO <strong>Hamed Ali<\/strong> and Dubai Economic Development Corporation CEO <strong>Hadi Badri<\/strong>. The DEDC is a unit of the Dubai Department of Economy and Tourism.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fund and portfolio investors from around the world will join top company execs for the <\/strong><strong>world\u2019s biggest live poll of investor sentiment. <\/strong>The EFG Hermes Live Research Poll caps off the morning before participants break out for one-on-one meetings in which company execs meet face-to-face with investors. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BY THE NUMBERS-<\/strong> We expect this morning that fund managers representing more than 250 global institutions will meet this week with top execs from 220 companies spanning 12 countries. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Companies from our part of the world are the stars of the show. <\/strong>Among the top Egyptian firms attending:<\/p><ul>\n<li>B Investments<\/li>\n<li>CIB<\/li>\n<li>E-Finance<\/li>\n<li>Eastern Company<\/li>\n<li>Edita<\/li>\n<li>EFG Holding<\/li>\n<li>EK Holding<\/li>\n<li>GB Corp<\/li>\n<li>Juhayna<\/li>\n<li>Orascom Construction<\/li>\n<li>Telecom Egypt<\/li>\n<li>TMG Holding<\/li>\n<\/ul><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- ValU is with us here in Dubai for a roadshow as it prepares to make its EGX debut<\/strong> in a novel transaction that will see existing EFG Holding give its shareholders a minority stake in the high-profile fintech company. <\/p><p class=\"tag-border-left\">PSA-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- It\u2019s going to be a hot and windy day in Cairo today<\/strong>, with a high of 30\u00b0C and a low of 22\u00b0C, according to our favorite weather app.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s \u2014 as usual \u2014 a little cooler in Alexandria<\/strong>, with a high of 26\u00b0C and a low of 16\u00b0C.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Missed this week\u2019s Inside Industry? <\/strong>In our weekly vertical exploring all things industry and manufacturing, we looked at what Trump\u2019s tariffs mean for Egyptian industries. Check out the story <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87ed0d2b-27c2-4f83-bd37-3d4e5251322d\/what-do-trump-tariffs-mean-for-egyptian-industries%3F\" style=\"\" rel=\"noopener\">here<\/a>.<\/p><p class=\"tag-border-left\">WATCH THIS SPACE- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt2\"><\/a> <strong>#1- <\/strong><strong>FinMin mu<\/strong><strong>lls fresh incentives to push SMEs to join the tax system: <\/strong>The Finance Ministry is looking into offering additional incentives and financial support to the first 50k SMEs that join the simplified tax system as first-time taxpayers, Finance Minister Ahmed Kouchouk said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/16G2Nb3P3D\/\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Last year, the government introduced the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5f12da9a-48e0-44e3-9c2f-853b7d1ff045\/gov'\" style=\"\" rel=\"noopener\">first phase<\/a> of tax reforms, which included a simplified tax system for SMEs, a central clearing system, and measures to integrate the informal economy.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#2- EDA to roll out dynamic meds pricing system tied to FX, input costs:<\/strong> The Egyptian Drug Authority (EDA) is developing a new automatic pricing mechanism for pharma products that will adjust prices up or down based on fluctuations in input costs \u2014 most notably the EGP-USD exchange rate and raw material prices \u2014 <a target=\"_blank\" href=\"https:\/\/www.cairo24.com\/2189671#goog_rewarded\" style=\"\" rel=\"noopener\">Cairo 24<\/a> reports, citing a source at the authority. The system will remove the need for pharma companies to file price adjustment requests, aiming to bring transparency and predictability to the sector.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to expect:<\/strong> The new system will apply predefined thresholds to trigger price changes and is designed to encourage foreign investment by offering clearer returns under changing cost conditions. Manufacturers have reportedly welcomed the move, and the EDA is also considering launching a digital platform where companies can track real-time updates to drug prices and calculate pricing for new products ahead of launch.<\/p><p class=\"tag-border-left\">HAPPENING TODAY- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>Macron <\/strong><strong>is in town: <\/strong>French President Emmanuel Macron is in Egypt for an official visit where he will meet with President Abdel Fattah El Sisi and other officials to discuss the war on Gaza, economic cooperation, and more. During his multi-day visit, Macron will attend a tripartite summit in Cairo alongside El Sisi and Jordan\u2019s King Abdullah to discuss the latest in Gaza, he said in a <a target=\"_blank\" href=\"https:\/\/x.com\/EmmanuelMacron\/status\/1908596141593083904\" style=\"\" rel=\"noopener\">post<\/a> on X. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could Macron\u2019s visit mean fresh French investments?<\/strong> Egypt is looking to attract EUR 1 bn in French investment this year across a number of key sectors \u2014 renewables, transport and shipping, pharma, food, ICT, engineering industries, automotive, and chemicals \u2014 an unnamed government official told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/76739\/%D9%85%D8%A7%D9%83%D8%B1%D9%88%D9%86-%D9%8A%D8%B2%D9%88%D8%B1-%D8%A7%D9%84%D9%82%D8%A7%D9%87%D8%B1%D8%A9-%D9%88%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D8%B9%D8%AF-%D9%84%D8%AC%D8%B0%D8%A8-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D9%8A%D9%88%D8%B1%D9%88-%D9%85%D9%86-%D9%81%D8%B1%D9%86%D8%B3%D8%A7\/?utm_source=twitter&amp;utm_medium=social&amp;utm_campaign=asharq_business_egy_tw\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The fresh funds would push total French investments in the country to EUR 8 bn. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s not all: <\/strong>The two sides will reportedly ink agreements in the higher education, energy, food industries, logistics centers, pharma, infrastructure, and AI sectors during the visit, the official said. <\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/p><\/div>\n<\/div>\n<\/div><p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s still all about the global market turmoil in the foreign press<\/strong>, with virtually every outlet leading with expectations of markets extending their slump tomorrow as futures fall. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US President Donald Trump and his administration have indicated they plan to stay the course on tariffs<\/strong> despite global concerns over a possible economic recession and the response from markets, sending S&amp;P 500 futures contracts down 2.9% and Nasdaq futures down 3.9%. The two indices have wiped tns in market value since the tariffs were announced last week. The flat 10% global tariff has since kicked in on Saturday, while the country-specific reciprocal tariffs are kicking in on Wednesday. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Commodities also extended their losses last night<\/strong>, with Brent crude falling 3.1% to USD 63.53 and West Texas Intermediate slipping 3.4% to USD 59.90, below breakeven price for shale producers. Copper also fell more than 5% to USD 4.14. Meanwhile, Asian markets faced a brutal sell-off at market open, with Japan\u2019s Nikkei plunging 8%, triggering a circuit breaker. <strong>We dive into the impact of the tariffs on regional markets as well in this morning\u2019s Planet Finance, below. <\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump dismissed the global response and said that \u201csometimes you have to take medicine to fix something,\u201d <\/strong>while Treasury Secretary Scott Bessent has said over 50 countries have reached out to the US for negotiations, while signaling that any talks would take time. Trump also didn\u2019t seem too concerned about inflation, saying he doesn\u2019t expect the US to \u201close a tn USD for the privilege of buying pencils from China.\u201d (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-06\/trump-team-rejects-market-fears-projecting-defiance-on-tariffs?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c2c10cca-bc11-457c-a505-d11b37ac987f\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/04\/06\/business\/stock-market-plunge-investment-bank-impact.html\" style=\"\" rel=\"noopener\">NYT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/04\/06\/stock-market-today-live-updates.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/p><p class=\"tag-border-left\">OUR LA<font face=\"Arial\">TEST<\/font> SPONSOR-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re<\/strong><strong> delighted this week to welcome Qalaa Holdings to EnterpriseAM as our latest pillar <\/strong><strong>advertiser. <\/strong>Our friends Ahmed Heikal, Hisham El Khazindar, and Karim Sadek \u2014 together with many others on the team at Qalaa \u2014 were a key part of our origin story.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Two threads run through that story: <\/strong>What has since become Enterprise was born as a two-person investor relations and strategic communications agency back in 2007. Our first client were our good friends at EFG Hermes. Our second: a hot private-equity upstart called Citadel Capital, as Qalaa was then known. The firm had just pulled off what stands as one of the most audacious exits ever in Middle East PE \u2014 the USD 1.4 bn sale of Egyptian Fertilizers Company, which stood at the time as the largest M&amp;A in Egypt and the biggest-ever Mideast PE transaction, yielding a gross IRR of nearly 100%. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Everyone and their sister wanted to work with Qalaa <\/strong>in fall 2007 when it put out a call for a communications agency. Entrepreneurs at heart who had sketched out their business and logo on a literal napkin, the firm\u2019s founding partners took a chance on us, a then-still-unincorporated two-person shop. Why? They recognized fellow finance nerds passionate about building a business.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Fast forward to 2010 and you\u2019ll find the second thread: <\/strong>Our agency had grown to more than a dozen people. Our founders were longtime journalists who had always been passionate about entrepreneurism \u2014 and we had decided to launch a print magazine about how Egyptian entrepreneurs were building great businesses. The \u201cevents of 25 January 2011\u201d killed our zero issue before we could go to print, and we went on to get a crash course in doing business under duress. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Today, we\u2019re a 150-person shop <\/strong>with two business units: A news and business intelligence division that delivers essential insights into business, finance, economics, public policy, and regulation in the UAE, Egypt, Saudi, and beyond to a global audience of more than 500k people who matter. And an advisory firm run by a separate team who work with some of the most interesting listed companies on markets including Tadawul, ADX, DFM, EGX, LSE, and beyond. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And now, Qalaa Holdings and its more than 17.5k employees touch millions of <\/strong><strong>consumers and business leaders every day.<\/strong> With holdings spanning from the USD 4.3 bn Egyptian Refining Company to Taqa Arabia, and Dina Farms, Qalaa is committed to improving lives and livelihoods by building sustainable businesses for its employees and community. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EGX-listed Qalaa is a leader in energy and infrastructure<\/strong>, one of Egypt\u2019s most export-oriented manufacturers, and a leading import-substitution play. As Heikal recently noted, \u201cEgypt continues to be an attractive investment destination for both local and regional players, and I am confident in both the country\u2019s long-term economic outlook and in our ability to generate long-term returns for all of our stakeholders as we grow.\u201d <a target=\"_blank\" href=\"http:\/\/qalaaholdings.com\/\" style=\"\" rel=\"noopener\">You can learn more about Qalaa here<\/a>.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Please join us in thanking Ahmed, Hisham, Karim, and everyone else at Qalaa Holdings <\/strong><strong>together with all of our other advertisers. <\/strong>Their unwavering support is what allows us to bring you your essential morning read every day without charge. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2495.jpg?ssl=1\"><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue:<\/strong> We take a look at Egypt\u2019s efforts to internationalize higher education through the Brics Network University and other initiatives. <\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"663288 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"663288\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/663288\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663288\" class=\"content-area-description single-story post-663288 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/somabay.com\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/28.jpg?ssl=1\"><\/a><\/span><\/p>\n<div class=\"grouped-tags\">\n<p><span>Somabay; every reason to fall in love.<\/span><\/p>\n<\/div>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"663289\" 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=\"663289\">\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\">EGP Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/egp-drops-to-its-lowest-level-since-march-float-after-tariffs-spark-foreign-investor-exit\/\">\r\n                            EGP drops to its lowest level since March float after tariffs spark foreign investor exit                        <\/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\/04\/07\/egp-drops-to-its-lowest-level-since-march-float-after-tariffs-spark-foreign-investor-exit\/\" 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 dip saw the EGP pass the 51 mark against the USD and slip to its lowest level since last year\u2019s March float. The drop came amid global uncertainty after US President Donald Trump\u2019s tariffs came into effect over the weekend, which sent shockwaves across global markets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The day saw significant exit of foreign investors from our local treasury <\/strong><strong>market<\/strong>, which banking expert Mohamed Abdel Aal thinks was due to uncertainty caused by the US tariff announcement. Al Ahly Pharos Senior Economist Esraa Ahmed seconded the notion, telling us that uncertainty about the tariffs \u201cled investors to exit some high-risk markets and pull out of both local and foreign debt.\u201d The yield on Egyptian USD-denominated bonds rose by more than 1% in trading on 4 April compared to the levels at the end of March, she added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some used USD 1.1 bn changed hands on the interbank market yesterday<\/strong>, a significant jump from USD 150-250 mn the market usually clocks each business day, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financial-markets\/76769\/%D8%AD%D8%B5%D9%8A%D9%84%D8%A9-%D9%85%D8%B9%D8%A7%D9%85%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D8%A5%D9%86%D8%AA%D8%B1%D8%A8%D9%86%D9%83-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D8%AA%D9%82%D9%81%D8%B2-%D8%A5%D9%84%D9%89-%D8%A3%D9%83%D8%AB%D8%B1-%D9%85%D9%86-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\/?utm_source=twitter&amp;utm_medium=social&amp;utm_campaign=asharq_business_egy_tw\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reported, citing what it said were industry participants. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In parallel, the Madbouly government has been deploying a bit more hard currency than <\/strong><strong>usual, looking to take<\/strong><strong> advantage of the sharp declin<\/strong><strong>e in global commodity prices <\/strong>\u2014 including oil \u2014 by securing strategic contracts, a government source told EnterpriseAM. The source positioned the buys as a move to build a strategic stockpile of goods that could help shield the general budget against future price volatility.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Demand for fresh Egyptian debt also fell<\/strong>, with three- and nine-month t-bills offered up by the Central Bank of Egypt yesterday only managing to bring in 8.7% of the targeted EGP 70 billion, according to <a target=\"_blank\" href=\"https:\/\/www.cbe.org.eg\/en\/auctions\/egp-t-bills\" style=\"\" rel=\"noopener\">data<\/a> from the bank. Investors demanded yields several percentage points higher than the central bank was willing to accept.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- Volatility is the name of the game in FX markets in recent months, thanks <\/strong><strong>largely to Trump\u2019s tariff talks. <\/strong>The greenback has lost a bit of ground in recent days against major currencies including the EUR, JPY, CAD, and GBP. It\u2019s been a mixed bag for emerging markets currencies, with the INR gaining ground, the MXN holding steady, and Nigeria <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/currencies\/nigeria-sells-dollars-support-currency-after-trump-tariffs-shock-2025-04-06\/\" style=\"\" rel=\"noopener\">selling reserves<\/a> to support the NGN amid uncertainty. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No analyst we spoke with yesterday was willing to make a call on where the EGP is <\/strong><strong>heading. <\/strong>Allowing the EGP to slip \u201cmay be a necessary tool\u201d to make investors think twice before liquidating positions in Egypt and existing the market, economist Hany Abou El Fotouh told us yesterday. On the other hand: A sliding currency would have a significant inflationary impact that would need to be countered by \u201ceffective and strong social protection measures to ease the heavy burden on citizens.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Others think foreign investo<\/strong><strong>rs could soon return to emerging markets like Egypt<\/strong> following a \u201cperiod of evaluation, especially if the economic fundamentals remain relatively strong,\u201d economist Mona Bedair told EnterpriseAM. \u201cEgypt\u2019s current advantage is in the high return on debt instruments, even with the expected interest rate cut and flexibility in the exchange rate, along with a relatively stable reform path,\u201d she explained.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BOTTOM LINE- What matters here is that we see volatility in the coming days \u2014 and <\/strong><strong>that it\u2019s clear why the EGP is moving in a \u201clogical\u201d way. <\/strong>Market watchers will be reassured that policymakers do not have their thumb on the proverbial scale if (a) the interbank market remains liquid and (b) the EGP\u2019s direction of travel makes logical sense. More concerning than the EGP sliding a few percentage points would be for us to effectively re-peg in a time of turmoil.<\/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\/egp-watch\/\">EGP watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/exchange-rate\/\">exchange rate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-exchange\/\">foreign exchange<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    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class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Capital markets<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/local-institutional-investors-cash-out-amid-global-market-jitters\/\">\r\n                            Local institutional investors cash out amid global market jitters                        <\/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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        <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/400.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"663293\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/local-institutional-investors-cash-out-amid-global-market-jitters\/400-jpg-64\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/400.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"400.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/400.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/400.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663292\" class=\"content-area-description single-story post-663292 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-banque-du-caire tag-capital-markets tag-egx tag-enterpriseam tag-foreign-exchange 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\/4\/.f9900f25-febf-43e6-85de-a67f642000eb.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The EGX<\/strong><strong>30 dropped 3.3% at yesterday\u2019s close<\/strong> as global equity markets react to the Trump White House\u2019s bid to reshape the post-Second World War economic order. The slide came as little surprise to market watchers, given the volatility rippling across global exchanges, but net selling by local institutional investors \u2014 rather than foreign or GCC players \u2014 raised eyebrows, CFI Head of Research Ahmed Nashi and EGX board member Rania Yacoub told EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Locking in returns<\/strong><strong>, and not panic, drove the market<\/strong>, as local institutional investors were likely cashing in on recent gains, including in shares like EFG Holding and EgyptAlum, Nashi said. They\u2019re taking advantage of the current turbulence to lock in returns and will buy back into many of the same names when markets stabilize, according to Nashi.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oddly enough, it\u2019s retail investors who are helping keep the market steady.<\/strong> With retail traders accounting for around 70% of turnover on the EGX, the sell-off is unlikely to spiral, Yacoub said. Retail investors tend to be more speculative and that will support a near-term correction, Yacoub explained.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Uncertainty caused by the new US tariffs is the biggest threat to capital markets right <\/strong><strong>now<\/strong>, Yacoub told us, noting that emerging markets are being squeezed out of fresh inflows as both foreign and local investors adopt a wait-and-see approach.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s hope for a rebound<\/strong>, with Yacoub telling us that retail activity could help fuel a corrective bounce on the EGX later this week. Nashi expects US and global markets to lead a broader rebound early next week \u2014 with Egypt\u2019s bourse catching up soon after, barring further exchange-rate volatility.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ongoing volatility could push back the government\u2019s plans to list state-owned firms on the EGX<\/strong>, as well as private-sector IPOs, until at least 4Q 2025 or early 2026, both analysts told us. These conditions don\u2019t support new listings \u2014 they would hurt valuations and dampen foreign investor appetite for emerging market equities, according to Nashi. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investor interest in Egypt remains strong<\/strong>, the two analysts told us. Foreign investors tend to prefer debt, while Arab and Gulf investors are more drawn to equities (including strategic stakes) and IPOs, Yacoub told us. She stated that even in the worst of times, the Egyptian market has always remained attractive to regional investors, pointing out that she expects the long-awaited Banque du Caire sale stake to go through this year.<\/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\/banque-du-caire\/\">Banque du Caire<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-exchange\/\">foreign exchange<\/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=\"663294\" 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=\"663294\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/maait-says-its-too-early-to-accurately-gauge-tariff-fallout\/\">\r\n                            Maait says it\u2019s too early to accurately gauge tariff fallout                        <\/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\/04\/07\/maait-says-its-too-early-to-accurately-gauge-tariff-fallout\/\" 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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However, early signs already show sharp declines in global financial markets, falling oil prices, and a weaker USD against a basket of currencies \u2014 that doesn\u2019t include the EGP \u2014 Maait said, adding that some global banks now see a 60% probability of a recession, particularly in the US.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Maait noted that inflation could pick up, dampening expectations for interest rate cuts<\/strong>, he said. This could keep borrowing costs elevated for some time while also pushing up the cost of goods, slowing growth, and driving up unemployment. Global trade volumes could shrink by more than 1% as confidence in the current economic system falters and uncertainty continues to climb, he warned.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThe outlook for the short and medium term will depend largely on how other countries <\/strong><strong>respond to this trade war \u2014 and how the US, in turn, responds to them,\u201d<\/strong> Maait said. \u201cWe\u2019ll have to wait and see how things unfold in the coming days.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The Trump administration\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/95ffd0a2-4948-448d-b1f6-61da5d10a813\/trump-tariffs-put-10%2525-levy-on-all-incoming-egyptian-goods\" style=\"\" rel=\"noopener\">blanket 10% tariff<\/a> on all incoming goods came into effect on Saturday, with steeper rates \u2014 up to 49% \u2014 for 57 countries set to follow on 9 April. Egypt was hit with the baseline 10% tariff, escaping the harsher treatment expanded out to regional peers like Syria (41%), Iraq (39%), and Libya (31%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But what could it all mean for local industries? <\/strong>The tariffs could present an unexpected chance for Egypt\u2019s industrial base, particularly in manufacturing, as firms seek to sidestep higher duties by relocating operations to lower-tariff countries like Egypt. <strong>We have more on this in this week\u2019s Inside Industry, which you can check out <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87ed0d2b-27c2-4f83-bd37-3d4e5251322d\/what-do-trump-tariffs-mean-for-egyptian-industries%3F\" style=\"\" rel=\"noopener\">here<\/a><\/strong><strong>.<\/strong><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"663296 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"663296\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/663296\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663296\" class=\"content-area-description single-story post-663296 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.grantthornton.eg\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2099.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"663297\" 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=\"663297\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/analysts-split-on-whether-inflation-slowdown-will-continue-into-march-enterpriseam-poll\/\">\r\n                            Analysts split on whether inflation slowdown will continue into March -EnterpriseAM poll                        <\/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\/04\/07\/analysts-split-on-whether-inflation-slowdown-will-continue-into-march-enterpriseam-poll\/\" 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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Not everyone is so sure. <\/strong>Ten analysts and economists polled by EnterpriseAM on whether soon-to-be-released inflation data March will show annual urban inflation slowing or accelerating are split. While half of the respondents saw inflation inching down by as much as 0.4 percentage points from 12.8% in February, the other half saw inflation picking up slightly or even up to 18%. The median forecast of the ten analysts we polled saw staying put at 12.8%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- The Central Bank of Egypt\u2019s monetary policy committee meets on 17 April <\/strong>to review interest rates. Two factors that will weigh heavily in their decision on whether to cut or not: the global macro environment (roiled by Trump turmoil) and domestic inflation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Inflation fell in each of the last four months<\/strong> and most recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f1e5afc1-03a1-4322-8aeb-8e6d57650068\/egypt%E2%80%99s-inflation-slips-to-its-lowest-level-in-nearly-3-years-in-february\" style=\"\" rel=\"noopener\">plunged 11.2<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f1e5afc1-03a1-4322-8aeb-8e6d57650068\/egypt%E2%80%99s-inflation-slips-to-its-lowest-level-in-nearly-3-years-in-february\" style=\"\" rel=\"noopener\">percentage points in February<\/a> to reach 12.8%. The slowdown marked the nation\u2019s lowest inflation reading since <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0ed1c340-3127-46cd-ad85-578f9a72874f\/%253cmark%253einflation%253c%2Fmark%253e-rises-to-near-three-year-high-as-global-food-prices-spike\" style=\"\" rel=\"noopener\">March 2022<\/a>, which most attributed to a favorable base year effect. On a monthly basis, inflation fell by 0.1 percentage points to 1.4%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The more optimistic of the bunch pointed to an expected stabilization of food and <\/strong><strong>beverage prices<\/strong>, including Economist Mona Bedair, who told EnterpriseAM that they expect inflation to come in at 12.4% as food and beverage price stabilization helps offset a \u201cpossible increase in the prices of other non-food baskets including the prices of clothing and restaurants.\u201d This was seconded by HC Securities\u2019 Heba Monir, who also predicted inflation coming in at 12.4% due to the \u201crelative stability in most commodities prices.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>However, our disinflationary path ahead is not set in stone<\/strong>, some of the analysts emphasized in comments to us. Economist Hany Abou El Fotouh told us that despite his assessment that the \u201cgradual decline in global prices, exchange rate stability, and controlled government spending\u201d would slow inflation, any new subsidy cuts and energy price hikes \u201ccould impact the inflation trajectory and potentially slow the targeted decline.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some think that seasonal factors associated with the holy month of Ramadan could <\/strong><strong>see the headline figure inch up<\/strong>, with added inflationary pressures partially offsetting the decline in price inflation of some seasonal vegetables, CI Capital\u2019s Sara Saada told us. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>At the higher end of the spectrum was banking expert Mohamed Abdel Aal, who <\/strong><strong>penciled in inflation coming in at 16-18% for March and April<\/strong>, provided that economic and geopolitical conditions remain unchanged, he told EnterpriseAM. This rate would be the \"preferred rate for countries with economic and monetary conditions similar to ours when beginning the transition from monetary tightening to monetary easing,\u201d he said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Many of the analysts said the inflation reading could prompt the central bank to begin its<\/strong><strong> monetary easing cycle at the next MPC meeting<\/strong>, as the significant drop in inflation in February and the expected stability of March\u2019s reading are likely to give the CBE the confidence to begin cutting rates. \u201cThe outlook is for a gradual rate cut, considering that the U.S. has kept rates steady multiple times recently,\u201d one source told us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The MPC <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/33887fd4-82fe-47f2-901d-7377ee97b0df\/cbe-holds-interest-rates-steady-for-the-seventh-consecutive-meeting\" style=\"\" rel=\"noopener\">decided<\/a> to keep interest rates unchanged when it held its first meeting of the year in February, in what was expected by some to be the beginning of its long-awaited monetary easing cycle. The MPC deemed that \u201cthe current policy rates are appropriate to maintain a sufficiently tight monetary stance. This will ensure the realization of the projected disinflation path, and firmly anchor inflation expectations. Accordingly, the Committee\u2019s decisions regarding the appropriate time for beginning the accommodative cycle will be assessed on a meeting-by-meeting basis.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When do we get March\u2019s inflation figures?<\/strong> State statistics agency Capmas is expected to release March\u2019s inflation data on Thursday, 10 April.<\/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\/capmas\/\">CAPMAS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"663299\" 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=\"663299\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/egypt-post-to-issue-upcoming-retail-bonds\/\">\r\n                            Egypt Post to issue upcoming retail bonds                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/egypt-post-to-issue-upcoming-retail-bonds\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/egypt-post-to-issue-upcoming-retail-bonds\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/egypt-post-to-issue-upcoming-retail-bonds\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt Post to issue upcoming retail bonds&url=https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/egypt-post-to-issue-upcoming-retail-bonds\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/egypt-post-to-issue-upcoming-retail-bonds\/&title=Egypt Post to issue upcoming retail bonds\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+Post+to+issue+upcoming+retail+bonds+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F04%2F07%2Fegypt-post-to-issue-upcoming-retail-bonds%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\/04\/07\/egypt-post-to-issue-upcoming-retail-bonds\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/148.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"663300\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/egypt-post-to-issue-upcoming-retail-bonds\/148-jpg-19\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/148.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"148.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/148.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/148.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663299\" class=\"content-area-description single-story post-663299 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-capital-markets tag-debt tag-debt-watch tag-egypt-post tag-enterpriseam tag-finance-ministry 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\/4\/.8f51122c-94cc-4d1b-aaec-fdde368d650f.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Finance Ministry will begin issuing retail bonds through Egypt Post<\/strong> at what it describes as attractive interest rates, according to the ministry\u2019s mid-year performance report seen by EnterpriseAM. The move is designed to help middle-income Egyptians hedge against inflation, and forms part of the government\u2019s broader strategy to reduce the cost of debt, attract new retail investors, and raise awareness of government debt instruments as secure investment options.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> A government source told EnterprisAM last month that a plan is in the works to launch a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e115c3ee-b028-4c90-8115-84b18e92ad38\/gov%25e2%2580%2599t-to-issue%253cmark%253e-retail-bonds%253c%2Fmark%253e-this-year\" style=\"\" rel=\"noopener\">dedicated retail bond market<\/a> in 2025, with support from the World Bank, in a move that would allow individuals to directly invest in treasury bills and bonds for the first time. Interest in government debt has been on the rise, driven by individual investors purchasing through bank agents and custodians.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Finance Ministry is rolling out a promotional campaign to encourage retail <\/strong><strong>investment in sovereign debt<\/strong>, and is working on additional instruments tailored to specific groups. These include debt-based investment funds targeting Egyptians abroad \u2014 particularly in liquidity and fixed-income instruments \u2014 as well as new issuances in the primary market like sukuk, infrastructure bonds, and green bonds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More international issuances are also coming our way<\/strong>, with the report confirming that the ministry has secured the cabinet approval for plans to issue between USD 3-4 bn worth of international bonds in the second half of FY 2024-25. Proceeds from the offering \u2014 which may include sukuk and long-term sustainability bonds \u2014 will go toward covering USD 3 bn in maturing external debt due during the same period. The issuance will come as global interest rates begin to ease.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-post\/\">Egypt Post<\/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            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"663301\" 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=\"663301\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/efg-holdings-bank-nxt-reports-record-net-income-for-2024\/\">\r\n                            EFG Holding\u2019s Bank NXT reports record net income for 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\/04\/07\/efg-holdings-bank-nxt-reports-record-net-income-for-2024\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The lender attributed its performance to \u201cinnovative product offerings and strategic partnerships.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers:<\/strong> Net interest income grew 54% y-o-y to EGP 3.9 bn in 2024, while operating income rose 37% y-o-y to EGP 4.9 bn, driven by rising interest rates and an expanded lending portfolio. Customer deposits rose 34% to EGP 68 bn by the end of the year, while total assets increased 29% y-o-y to EGP 79.4 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cOur strong financial results in 2024 are a testament to our strategic expansion and our unwavering commitment to meeting customer needs. By broadening our product and service portfolio, we have successfully reached a wider customer base across Egypt, reinforcing our position as a leading financial institution,\u201d CEO and Managing Director Tamer Seif El Din said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It has been a busy year for Bank NXT: <\/strong>EFG Holding\u2019s commercial bank, aiBank, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9209a489-6a51-4381-845b-5f975e3a41a3\/efg-holding%25e2%2580%2599s-aibank-rebrands-to%253cmark%253e-bank-nxt%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">rebranded<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9209a489-6a51-4381-845b-5f975e3a41a3\/efg-holding%25e2%2580%2599s-aibank-rebrands-to%253cmark%253e-bank-nxt%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">to Bank NXT<\/a> in September to mark a new phase of growth, digital innovation, and customer-centric solutions. \u201cThis evolution is about more than just a new name \u2014 it\u2019s a bold statement of our vision for a faster, more efficient, and digitally driven banking experience. With this renewed identity, we are strengthening our market position, integrating cutting-edge banking standards, and leveraging digital advancements to redefine financial services,\u201d Seif El Din said. <\/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\/bank-nxt\/\">Bank NXT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/efg-holding\/\">EFG Holding<\/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=\"663303 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=\"663303\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/663303\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663303\" class=\"content-area-description single-story post-663303 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\/2025\/3\/770.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"663304\" 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=\"663304\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/french-president-emannuel-macrons-visit-topped-last-nights-airwaves\/\">\r\n                            French President Emannuel Macron\u2019s visit topped last night\u2019s airwaves                        <\/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\/04\/07\/french-president-emannuel-macrons-visit-topped-last-nights-airwaves\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/french-president-emannuel-macrons-visit-topped-last-nights-airwaves\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/french-president-emannuel-macrons-visit-topped-last-nights-airwaves\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=French President Emannuel Macron\u2019s visit topped last night\u2019s airwaves&url=https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/french-president-emannuel-macrons-visit-topped-last-nights-airwaves\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/french-president-emannuel-macrons-visit-topped-last-nights-airwaves\/&title=French President Emannuel Macron\u2019s visit topped last night\u2019s airwaves\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=French+President+Emannuel+Macron%E2%80%99s+visit+topped+last+night%E2%80%99s+airwaves+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F04%2F07%2Ffrench-president-emannuel-macrons-visit-topped-last-nights-airwaves%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\/04\/07\/french-president-emannuel-macrons-visit-topped-last-nights-airwaves\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/150.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"663305\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/french-president-emannuel-macrons-visit-topped-last-nights-airwaves\/150-jpg-40\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/150.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"150.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/150.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/150.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663304\" class=\"content-area-description single-story post-663304 post type-post status-publish format-standard has-post-thumbnail hentry category-last-nights-talk-shows tag-diplomacy tag-enterpriseam tag-last-nights-talk-shows tag-middle-east-politics 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\/4\/.cfc0c9fb-e2f0-45ac-891b-dbfb39ec29e8.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>France\u2019s E<\/strong><strong>mmanuel Macron\u2019s arrival in Egypt dominated the airwaves last night,<\/strong> as the French President kicked off a three-day official visit yesterday. During his visit, Macron will meet President Abdel Fattah El Sisi for bilateral talks, which will be followed by a joint press conference. Also on the agenda is a trilateral summit on Gaza held between Macron, El Sisi, and Jordan\u2019s King Abdullah II, in addition to a visit to the border city of Rafah to underscore France\u2019s position on the need for a ceasefire in Gaza and the release of hostages.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Macron\u2019s visit to Egypt and attendance at the summit \u201cis evidence that France stands<\/strong><strong> with Egypt and Jordan<\/strong> against forced displacement, for launching a political process, and stopping this humanitarian tragedy,\" former Assistant Foreign Minister Mohamed Hegazy told Al Hayah\u2019s Lobna Asal (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=i5f-HI9yVkY\" style=\"\" rel=\"noopener\">watch, runtime: 11:57<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The French Pre<\/strong><strong>sident\u2019s visit got airtime across the airwaves<\/strong>, including on Al Hayah (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=i5f-HI9yVkY\" style=\"\" rel=\"noopener\">watch,<\/a><a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=i5f-HI9yVkY\" style=\"\" rel=\"noopener\">runtime: 11:57<\/a>), Ala Masouleety (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=kGbk6rjhYlA\" style=\"\" rel=\"noopener\">watch, runtime: 6:28<\/a>), and Al Youm (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=7uW319FqnJ4\" style=\"\" rel=\"noopener\">watch, runtime: 28:15<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO ON THE AIRWAVES\u2013<\/strong><strong> Trump\u2019s new tariffs could create a window for Egyptian<\/strong><strong> exporters:<\/strong> Al Hayah Al Youm\u2019s Lobna Assal (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=jBOI7Lz64jk\" style=\"\" rel=\"noopener\">watch, runtime: 24:01<\/a>) spoke to Chemical and Fertilizers Export Council Deputy Head Mohamed Youssef Zein El Din and Egyptian Federation of Industries\u2019 Readymade Garments Chamber head Mohamed Abdel Salam to weigh in on the fallout from US President Donald Trump\u2019s recently announced tariff hikes. Zein El Din said the high tariffs targeting some countries could actually benefit Egypt, with global investors likely to pivot to Egyptian chemical imports. Abdel Salam echoed the sentiment, arguing that the ongoing trade policy shift presents an opportunity to boost exports \u2014 especially under the already active QIZ agreement, which allows Egyptian goods to enter the US market tariff-free if a certain percentage of the product was made in Israel.<\/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\/diplomacy\/\">DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/middle-east-politics\/\">Middle East politics<\/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=\"663306\" 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=\"663306\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/tbs-holding-eyes-uae-consumer-packaged-goods-company-ksa-ipo-in-gulf-push-plus-domty-banque-misr-cira-education-energean-heliopolis-housing\/\">\r\n                            TBS Holding eyes UAE consumer packaged goods company, KSA IPO in Gulf push. PLUS: Domty, Banque Misr, CIRA Education, Energean, Heliopolis Housing                        <\/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\/04\/07\/tbs-holding-eyes-uae-consumer-packaged-goods-company-ksa-ipo-in-gulf-push-plus-domty-banque-misr-cira-education-energean-heliopolis-housing\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/tbs-holding-eyes-uae-consumer-packaged-goods-company-ksa-ipo-in-gulf-push-plus-domty-banque-misr-cira-education-energean-heliopolis-housing\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/tbs-holding-eyes-uae-consumer-packaged-goods-company-ksa-ipo-in-gulf-push-plus-domty-banque-misr-cira-education-energean-heliopolis-housing\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=TBS Holding eyes UAE consumer packaged goods company, KSA IPO in Gulf push. 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   \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/tbs-holding-eyes-uae-consumer-packaged-goods-company-ksa-ipo-in-gulf-push-plus-domty-banque-misr-cira-education-energean-heliopolis-housing\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1410.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"663307\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/tbs-holding-eyes-uae-consumer-packaged-goods-company-ksa-ipo-in-gulf-push-plus-domty-banque-misr-cira-education-energean-heliopolis-housing\/1410-jpg-19\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1410.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1410.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1410.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1410.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663306\" class=\"content-area-description single-story post-663306 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-banking tag-banque-misr tag-cira-education tag-domty tag-earnings tag-education tag-energy tag-enterpriseam tag-heliopolis-housing-and-development tag-hospitality tag-industry tag-manufacturing tag-oil-and-gas tag-tourism wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408146\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408144.svg\" alt=\"\" class=\"wp-image-408144\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.f974cb37-606c-4111-a612-812fc97e1430.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">M&amp;A- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#<\/strong><strong>1- TBS Holding eyes Dubai-<\/strong><strong>based<\/strong><strong> consumer packaged goods company acquisition in <\/strong><strong>Gulf push: <\/strong>Homegrown TBS Holding is currently in talks to acquire a Dubai-based consumer packaged goods firm as part of efforts to strengthen its supply chains, particularly for frozen meals seeing strong demand, Chief Investment Officer Sameh El Sadat told Cairo Weekend\u2019s Zeina Soufan (<a target=\"_blank\" href=\"https:\/\/now.asharq.com\/clips\/1763352\/tbs-%D9%86%D8%AC%D8%A7%D8%AD-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D9%88%D8%AA%D9%88%D8%B3%D8%B9-%D9%85%D8%B3%D8%AA%D9%82%D8%A8%D9%84%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">watch, runtime; 13:56<\/a>). El Sadat added that the company is mulling an IPO in the Saudi market.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>The company is embarking on an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d90e8c42-dabc-45d3-b2cf-eabbab17db49\/egyptian-steel-maker-el-marakby-steel-is-carrying-out-a-usd-30-mn-export-push\" style=\"\" rel=\"noopener\">EGP 250 mn<\/a> local expansion over three years, including a new factory to triple production capacity, while separately <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4611aba4-d20d-4459-ba93-5608b1bbb1e3\/arcius-energy-to-take-over-shell%e2%80%99s-stake-in-harmattan-field\" style=\"\" rel=\"noopener\">investing USD 40 mn<\/a> in Saudi Arabia, where it's building a commercial-scale bakery through its Shahia Investments partnership.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Domty to excl<\/strong><strong>ud<\/strong><strong>e bakery unit from Arla acquisition: <\/strong>EGX-listed dairy company Domty is reportedly negotiating to exclude its bakery segment from Denmark-based Arla Foods' potential EGP 8.9 bn acquisition for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3239e19b-5957-4421-9ce2-fa09f16d54c4\/arla-foods-looks-to-take-over-domty-in-usd-183-mn-transaction\" style=\"\" rel=\"noopener\">up to 100% of the company<\/a>, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/companies\/76664\/%D8%AF%D9%88%D9%85%D8%AA%D9%8A-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B3%D8%B9%D9%89-%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%86%D8%A7%D8%A1-%D8%A7%D9%84%D9%85%D8%AE%D8%A8%D9%88%D8%B2%D8%A7%D8%AA-%D9%85%D9%86-%D8%B5%D9%81%D9%82%D8%A9-%D8%A3%D8%B1%D9%84%D8%A7-%D9%81%D9%88%D8%AF%D8%B2\/?utm_source=facebook&amp;utm_medium=social&amp;utm_campaign=asharq_business_egy_fb\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing unnamed sources it says have knowledge of the matter. Domty filed a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/111.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the EGX confirming that the proposal is being studied and discussed.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Domty plans to invest <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aae6db9d-ba00-47ce-a6ca-873528b02da4\/raya-foods-eyes-usd-20-mn-factory-to-boost-exports\" style=\"\" rel=\"noopener\">EGP 200 mn in 2025<\/a>, focusing on bakery and export growth. The bakery unit, launched in 2018, contributed EGP 478.4 mn (22.4%) to total earnings, with dairy contributing the majority (EGP 1.51 bn, 70.7%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ownership breakdown:<\/strong> Expedition Investments holds 32.9% in Domty, International Dairy Investment owns 24.6%, Trivi Holding has 11.5%, and Yahya Mohammed Awad Bin Laden owns 15.7%.<\/p><p class=\"tag-border-left\">EXPANSION-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Banque M<\/strong><strong>isr to<\/strong><strong> open its first Djiboutian branch this month:<\/strong> State-owned lender Banque Misr will open its first branch in Djibouti on 23 April as part of a wider Africa expansion plan, an unnamed official told <a target=\"_blank\" href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=05042025&amp;id=2e56137c-a493-46c0-b5e6-5b9d7ad18ae9\" style=\"\" rel=\"noopener\">Al Shorouk<\/a>. The lender also plans on opening a branch in Somalia\u2019s Mogadishu and converting its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2bd05768-b7d5-4e79-b38b-e46b5db8dcfc\/%253cmark%253e%253c%2Fmark%253ebanque%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253emisr%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eto%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eestablish%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efirst%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253erepresentative%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eoffice%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ein%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ekenya%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Kenya representative office<\/a> into a full branch. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This has been in the works for some time: <\/strong>President Abdel Fattah El Sisi <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/70e459fc-d5fe-42df-a924-c7f5f10a051c\/\" style=\"\" rel=\"noopener\">announced<\/a> back in 2022 that Banque Misr was planning on setting up shop in Djibouti, but no specific date was set.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- CIRA Education eyes Saudi expansion: <\/strong>EGX-listed education provider CIRA Education is studying potential investments in the Saudi market as part of its plan to set foot in the market, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/89.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of the plan:<\/strong> Earlier this year, Saudi Public Investment Fund-backed Social Impact Capital <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/acf4ada1-fca0-4556-b88b-1bdb31ab2fb0\/social-impact-capital-confirms-its-88.7%2525-stake-in%253cmark%253e-cira%253c%2Fmark%253e-education-following-egp-3.4-bn-transaction\" style=\"\" rel=\"noopener\">increased its stake<\/a> in the nation\u2019s leading private-sector education company to 88.7% from 51.2%. The move was said to position CIRA for regional expansion.<\/p><p class=\"tag-border-left\">ENERGY-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Energean <\/strong><strong>still has faith in its Egypt\u2019s assets: <\/strong>Energean is negotiating with Egyptian authorities to consolidate its three local concessions into a single operation, a move CEO Mathios Rigas told Asharq Business would streamline costs and improve efficiency (<a target=\"_blank\" href=\"https:\/\/now.asharq.com\/clips\/1763347\/%D8%A5%D9%86%D8%B1%D8%AC%D9%8A%D9%86-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D9%85%D8%B3%D8%AA%D9%85%D8%B1-%D8%B1%D8%BA%D9%85-%D8%AA%D8%B9%D8%AB%D8%B1-%D8%B5%D9%81%D9%82%D8%A9-%D9%83%D8%A7%D8%B1%D9%84%D8%A7%D9%8A%D9%84\/\" style=\"\" rel=\"noopener\">watch, runtime 12:21<\/a>). The Mediterranean gas producer argues that larger concession areas would create better economies of scale, with Rigas emphasizing they want to \u201ctake advantage of synergies\u201d to free up capital for further investment.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The talks come shortly after Energean <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0bb4d005-b19b-4cd2-98b5-aedd4e74ad77\/energean-terminates-usd-945-mn-sale-of-mediterranean-assets-to-carlyle\" style=\"\" rel=\"noopener\">terminated<\/a> its USD 945 mn transaction to sell Mediterranean assets to Carlyle Group.<\/p><p class=\"tag-border-left\">EARNINGS-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Heliopolis H<\/strong><strong>ousing and Development saw a significant drop in net income in <\/strong><strong>2024<\/strong>, which fell 67.2% y-o-y to EGP 2.6 bn in 2024, according to the company\u2019s latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/113.pdf\" style=\"\" rel=\"noopener\">earnings (pdf)<\/a>. The real estate player saw operating revenues dip 93.2% y-o-y to EGP 1.1 bn during the year.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dividend distribution:<\/strong> The company\u2019s board approved paying shareholders a dividend of EGP 1.33 per share for its 2024 earnings, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/116.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>.<\/p><p class=\"tag-border-left\">MANUFACTURING-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Another i<\/strong><strong>ndustrial zone incoming:<\/strong> Real estate player Arabia Holding secured a 2.3 mn sqm plot worth EGP 4.5 bn from the New Urban Communities Authority, which it will use to set up an industrial zone, an unnamed source told <a target=\"_blank\" href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=05042025&amp;id=eef06d96-397d-4b15-ba97-7b07cb11fb37\" style=\"\" rel=\"noopener\">Al Shorouk<\/a>. The company plans to offer the first phase of the zone to investors before the end of the year. <\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Realme to open smartphone local factory this <\/strong><strong>June<\/strong><strong>:<\/strong> Chinese smartphone maker Realme will open its first local manufacturing facility in Egypt this June, Cairo Chamber of Commerce\u2019s mobile division head Mohamed Talaat told <a target=\"_blank\" href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=06042025&amp;id=c9eb226c-ed32-4e57-9052-afd18d40d2af\" style=\"\" rel=\"noopener\">Al Shorouk<\/a>. The factory will produce four models initially, and while Talaat didn\u2019t disclose production volume, he said the move could slash local Realme handset prices by over 50%, thanks to reduced import and customs costs. Talaat hinted that a local Apple factory could follow, citing stronger investor confidence amid ongoing state efforts to support domestic production.<\/p><p class=\"tag-border-left\">HOSPITALITY-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Gov't sets <\/strong><strong>licensing <\/strong><strong>rules for holiday home rentals:<\/strong> The Tourism Ministry has issued new regulations to license holiday home units \u2014 furnished apartments, villas, and suites rented to tourists \u2014 as part of its push to diversify accommodation options and bring short-term rentals under formal oversight, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0swZiSwT3LXM2KXWcFDNm9Jnv89s81qMc3hBkxHB7ZMh9pncNCp33iSgzxiPyFbfql\" style=\"\" rel=\"noopener\">ministry statement<\/a>. The new framework aims to ensure safety, comfort, and service quality, while simplifying procedures to help operators obtain the required licenses.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What qualifies as a holiday home?<\/strong> The new category includes any unit with at least one room \u2014 up to full villas \u2014 located in designated tourist areas or upscale residential compounds. Licensed units must meet minimum service and safety standards and receive a tourism suitability certificate. Operators are required to notify the ministry electronically, submit all supporting documents, and pay the prescribed fees. The rules come into effect the day after their publication.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Another pyramid-view hotel in the works: <\/strong>An Egyptian-Saudi-Kuwaiti alliance is looking to set up a EGP 3 bn pyramid-view hotel, an unnamed official told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/76589\/%D8%AA%D8%AD%D8%A7%D9%84%D9%81-%D9%85%D8%B5%D8%B1%D9%8A-%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D9%8A%D8%AE%D8%B7%D8%B7-%D9%84%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%81%D9%86%D8%AF%D9%82-%D8%A8%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-3-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D9%86%D9%8A%D9%87\/?utm_source=twitter&amp;utm_medium=social&amp;utm_campaign=asharq_business_egy_tw\" style=\"\" rel=\"noopener\">Asharq Business<\/a>, naming state-owned Banque Misr\u2019s Misr Abu Dhabi Co. for Investment as the Egyptian partner on the project. The hotel will be built on a 7.5k sqm plot facing the Grand Egyptian Museum. Construction on the project is scheduled to start during 4Q 2025.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cira-education\/\">CIRA Education<\/a>\n                <!-- <span 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<\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/mena-markets-suffer-sharp-losses-amid-tariff-oil-woes\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/124.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"663309\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/07\/mena-markets-suffer-sharp-losses-amid-tariff-oil-woes\/124-jpg-24\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/124.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"124.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/124.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/124.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663308\" class=\"content-area-description single-story post-663308 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-egx tag-enterpriseam tag-mena tag-planet-finance tag-tadawul 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\/4\/.d5ff0e0f-6e67-4df4-b671-bb49f84673d6.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>It\u2019s a bruising start to the week for MENA equities as global markets recoiled from the <\/strong><strong>Trump administration\u2019s decision to impose a blanket 10% tariff on all imported goods,<\/strong> which came into effect starting Saturday. Slumping oil prices and mounting fears of a prolonged trade war sparked a broad-based selloff.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadawul takes the biggest hit on Aramco plunge:<\/strong> The Tadawul All Share Index (TASI) plunged 6.8% on Sunday \u2014 its worst session since May 2020. Saudi Aramco led the sharp losses, erasing more than USD 90 bn of market cap mid-session. Meanwhile, the Nomu parallel market also fell 6.5%.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over in Egypt, <\/strong>the EGX30 lost 3.3% yesterday following a strong rally in recent months, with all the index\u2019s components in the red. The index is still up 3.0.% YTD. Meanwhile, the UAE saw Dubai\u2019s DFM falling 1.5%, and Abu Dhabi\u2019s ADX slipping 0.8% on Friday. Investors will be watching for more downside during today's open, as markets had closed ahead of the official tariff rollout.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Elsewhere:<\/strong> Qatar\u2019s QE Index dropped 4.2%, with almost every listed company closing in the red. Oman\u2019s MSX30 fell 2.6%, while Jordan\u2019s ASE dropped 2.1% amid its inclusion in the high-tariff group. Tunisia\u2019s Tunindex edged down 0.1%, and Morocco\u2019s MASI lost 0.2%.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- The base 10% tariff came into effect over the weekend, with steeper rates <\/strong><strong>\u2014 up to 49% \u2014 on goods from 57 countries set to hit this Wednesday, 9 April.<\/strong> Much of the Arab world dodged the worst \u2014 including Saudi, the UAE, Egypt, Morocco, and others, who are only facing the 10% levy \u2014 others were less fortunate: Syria (41%), Iraq (39%), Libya (31%), Algeria (30%), Tunisia (28%), and Jordan (20%) are facing higher rates.<\/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 inching down this morning <\/strong>as the tariff shakedown continues to roil global markets. Hong Kong\u2019s Hang Seng is down 9.3%, while Japan\u2019s Nikkei is down 6.5% and the Shanghai Composite is close behind at 6.0%. Wall Street futures are also signalling more losses for the S&amp;P 500, Nasdaq, and Dow on market open.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">30,640<\/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\">+3.3% (YTD: +3.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 51.06<\/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 51.19<\/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><\/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 51.08<\/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 51.18<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">27.25% deposit<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">28.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,077<\/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\">-6.8% (YTD: -8.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9187<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.8% (YTD: -2.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4951<\/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: -4.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,074<\/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\">-6.0% (YTD: -13.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,055<\/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\">-5.0% (YTD: -1.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">4,878<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-4.6% (YTD: -0.4%)<\/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 65.58<\/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\">-6.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.84<\/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\">-7.3%<\/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 3,035.40<\/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\">-2.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 78,047<\/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\">-6.7% (YTD: -16.4%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p class=\"tag-border-left\">THE CLOSING BELL-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 fell 3.3% at today\u2019s close<\/strong> on turnover of EGP 3.6 bn (1.7% above the 90-day average). Local investors were the sole net sellers. The index is up 3.0% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Fawry (-7.5%), Qalaa Holdings (-6.4%), and Rameda (-6.3%).<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mena\/\">MENA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tadawul\/\">Tadawul<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull vertical-section wide-section blackboard wp-block-group issue-section\" id=\"663310\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27466.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into education in Egypt, from K-12 to post-secondary.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27480.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Monday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/blackboard\/\">\r\n                            Read Blackboard                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">11<\/div>\r\n\r\n                        <p class=\"f-graphik\">BLACKBOARD<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/a-look-at-egypts-efforts-to-internationalize-higher-education\/\">\r\n                            A look at Egypt\u2019s efforts to internationalize higher education<\/a>\r\n                        <\/h3>\r\n                        \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/a-look-at-egypts-efforts-to-internationalize-higher-education\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The move is one of many recent developments that point to the country\u2019s efforts to internationalize the higher ed sector, with a handful of universities rising in one of the most widely recognized university rankings globally, some looking to set up abroad, and others updating their curricula.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>Egypt joined the Brics Network University back in June after <a target=\"_blank\" href=\"https:\/\/brics-russia2024.ru\/en\/news\/v-kazani-proshla-vstrecha-ministrov-obrazovaniya-stran-briks\/\" style=\"\" rel=\"noopener\">inking<\/a> a protocol of accession at a Brics Education Ministers meeting. During the session, participants also agreed to expand the alliance by <a target=\"_blank\" href=\"https:\/\/minobrnauki.gov.ru\/press-center\/news\/novosti-ministerstva\/84272\/\" style=\"\" rel=\"noopener\">increasing the number of member universities<\/a> to 20 in each participating country. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What this means for the local higher ed sector: <\/strong>Joining the alliance opens the door to new partnerships and academic programs that will help improve the quality of education, keep pace with global developments, and graduate students who are better prepared for the global labor market, said President of New Mansoura University (NMU) Meawad El Kholy, who <a target=\"_blank\" href=\"https:\/\/forum.rsr-online.ru\/brics2024-en\" style=\"\" rel=\"noopener\">represented<\/a> Egypt at the Brics Universities Rectors\u2019 Forum in October. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some Egyptian universities are gaining ground in global rankings:<\/strong> Nineteen Egyptian universities made it to the 2025 QS World University Rankings, up from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4d2aa01f-3d62-487f-8fdc-38a2458d24ba\/2024-higher-education-rankings-show-egyptian-universities-steadily-creeping-up-the-list\" style=\"\" rel=\"noopener\">15 universities<\/a> in 2024, according to the SCU statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Advancing local universities in international rankings is a key part of Egypt's education strategy. The government is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/06438f39-0351-4f4d-8d74-79c429d2f7ab\" style=\"\" rel=\"noopener\">working towards<\/a> having at least 28 Egyptian universities on the QS World University Rankings by the end El Sisi\u2019s third term in 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A Brics ranking university system is in the works: <\/strong>Brics representatives <a target=\"_blank\" href=\"https:\/\/brics-russia2024.ru\/en\/news\/predstaviteli-stran-briks-obsudili-proekt-reytinga-universitetov-obedineniya\/?utm_source=chatgpt.com\" style=\"\" rel=\"noopener\">met in September<\/a><a target=\"_blank\" href=\"https:\/\/brics-russia2024.ru\/en\/news\/predstaviteli-stran-briks-obsudili-proekt-reytinga-universitetov-obedineniya\/?utm_source=chatgpt.com\" style=\"\" rel=\"noopener\">to<\/a><a target=\"_blank\" href=\"https:\/\/brics-russia2024.ru\/en\/news\/predstaviteli-stran-briks-obsudili-proekt-reytinga-universitetov-obedineniya\/?utm_source=chatgpt.com\" style=\"\" rel=\"noopener\">discuss<\/a> the creation of a new university ranking system.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A handful of public Egyptian universities are expanding overseas:<\/strong> The SCU has approved Alexandria University\u2019s decision to establish branches in Saudi Arabia\u2019s Riyadh, Iraq, and Greece, according to the SCU statement. Ain Shams University is also working on agreements to set up branches abroad, a source told us, indicating that it may look beyond the Gulf. Meanwhile, Cairo University is in negotiations to establish a branch within UAE\u2019s Ajman University, a source at the top Egyptian university said. This follows earlier <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5a59bc89-1fb2-417d-9023-014dda522db4\/\" style=\"\" rel=\"noopener\">approvals<\/a> for Cairo University to open campuses in Riyadh and Qatari capital Doha.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The private sector is getting in on the action, too:<\/strong> Future University in Egypt has received an offer to open a branch for postgraduate studies in the UAE, university president Ebada Sarhan told EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a two-way street, with foreign universities also eyeing Egypt. <\/strong>The government is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3e72ee19-178d-4c3f-9c3f-d83ee8262e84\/what-is-egypt-doing-to-push-more-international-unis-to-set-up-shop-at-home?\" style=\"\" rel=\"noopener\">actively encouraging<\/a> international universities to set up in Egypt as part of its strategy to internationalize higher education, raise academic standards, and position Egypt as a regional education hub. Egypt currently hosts nine international university branches and more are on the way.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More global partnerships are on the agenda:<\/strong> Egypt wants to establish an alliance of Arab universities to facilitate partnerships with other international institutions, El Kholy said. Egyptian universities are increasingly partnering with schools abroad, he said, citing NMU\u2019s own partnerships with the <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/NMU2021\/posts\/%D8%AC%D8%A7%D9%85%D8%B9%D8%A9-%D8%A7%D9%84%D9%85%D9%86%D8%B5%D9%88%D8%B1%D8%A9-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%AA%D8%B3%D8%AA%D9%82%D8%A8%D9%84-%D9%88%D9%81%D8%AF%D9%8B%D8%A7-%D8%A3%D9%83%D8%A7%D8%AF%D9%8A%D9%85%D9%8A%D9%8B%D8%A7-%D9%85%D9%86-%D8%AC%D8%A7%D9%85%D8%B9%D8%A9-%D9%84%D9%88%D9%8A%D9%81%D9%84-%D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A%D8%A9-%D8%A8%D8%AD%D8%B6%D9%88%D8%B1-%D9%82%D9%8A%D8%A7\/650405304054230\/\" style=\"\" rel=\"noopener\">University of Louisville<\/a>, University of East London, William Paterson University, and a <a target=\"_blank\" href=\"https:\/\/www.nmu.edu.eg\/en\/news\/1\" style=\"\" rel=\"noopener\">Canadian university<\/a>. A student delegation from NMU will soon travel to UofL as part of an academic exchange program, he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The partnership model is prompting local universities to review and refine their <\/strong><strong>curricula<\/strong>, adopting programs that focus on applied learning and cater to industry-specific needs, El Kholy said. Universities are shifting away from traditional curricula and towards double majors, interdisciplinary programs, and more in-depth courses, he explained. To better support these partnerships, Egypt needs to boost investment in smart university infrastructure, El Kholy said. This includes digital tools and smart classrooms.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Your top education stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Egypt plans to establish <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0119158f-193a-482c-bd24-a6388b83e9d0\/egypt%e2%80%99s-cabinet-approves-next-fiscal-year%e2%80%99s-budget\" style=\"\" rel=\"noopener\">seven new national universities<\/a><\/strong> in Sohag, Kafr El Sheikh, the new capital, 6th of October, Beheira, Suez, and the New Valley as part of the state\u2019s plan to raise the total number of national universities to 32 nationwide. <\/li>\n<li><strong>The Higher Education Ministry will kick off the second International Conference <\/strong><strong>on Technological Education tomorrow<\/strong>, bringing together some 2.2k participants from academia, government, and industry under the theme \u201ceducation today for tomorrow\u2019s jobs.\u201d (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MOHESREGYPT\/posts\/pfbid02wNmEecpu6ENiUYrVtS3Cgcg7DXKj9mRCpe6UHyX4SmH9y3AH32eTdvk2wPEinDJal\" style=\"\" rel=\"noopener\">Higher Education Ministry statement<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/blackboard\/\">Blackboard<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/brics\/\">BRICS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"663312\" 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\/04\/07\/663312\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663312\" class=\"content-area-description single-story post-663312 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\">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;\">6-8 April (Monday-Tuesday): French President Emmanuel Macron's visit to Egypt.<\/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\/\" style=\"\">Narrative PR Summit<\/a><\/span><span style=\"font-weight:400;\">, Somabay<\/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;\">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;\">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>27 April (Sunday): Deadline for applications to MINT Incubator's 3-month equity-free startup <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mint.untapinnovate.com\/programs\/incubator#block-1990\" style=\"\">program<\/a><\/span><span style=\"font-weight:400;\"> with Alex Angels.<\/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:400;\">30 April (Wednesday): Deadline for Australia Awards Scholarships applications.<\/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-April: Egyptian trade delegation to promote investments during an official visit to Canada<\/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;\">Business-to-business forum of Egyptian and Moroccan companies to promote bilateral trade, 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;\">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>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 style=\"font-weight:400;\"> 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=\"\">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=\"\">, adding 3.5 mn container capacity to the port.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">7-10 May (Tuesday-Saturday): Egypt hosts the 24th Pan Arab Junior and Ladies Golf Championship.<\/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>1 May-10 July (Thursday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/500.co\/founders\/egypt\/scale-up\" style=\"\">500 Global's Scale Up Program, Cairo<\/a><\/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;\">Egyptian-Russian Business 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;\">May 2025: Egypt-Singapore Business Forum, 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: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=\"\">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=\"\">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:400;\">Realme to open smartphone factory<\/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=\"\">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=\"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>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=\"\">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=\"\">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>1-4 December: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egyptdefenceexpo.com\/\" style=\"\">Egypt Defence Expo<\/a><\/span><span style=\"font-weight:400;\"> (EDEX), Egypt International Exhibition Centre.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25 December: (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=\"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>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>1Q 2025: Finance Ministry to launch public consultations on its tax policy document<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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:1.15;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=\"font-weight:400;\">3Q 2025: Nasr Automotive begins locally manufacturing passenger cars.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Mid-2025: The Administrative Capital for Urban Developments to roll out the second phase of offering industrial plots to investors <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2025: The InterAcademy Partnership assembly<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2025: Nile Basin States Summit, Cairo, Egypt<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">2025: Release of the government\u2019s Startup Charter document <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2026<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1 January: European Union\u2019s Carbon Border Adjustment Mechanism (CBAM) to fully come into effect<\/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>April 2027: Tenth of Ramadan <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8320d4df-e1a7-405e-be07-08e6590aff0e\/\" style=\"\">dry port and logistics hub<\/a><\/span><span style=\"font-weight:400;\"> 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: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\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>Market jitters | Too early to tell tariff fallout? | Analysts split on inflation forecasts | Egypt Post to issue retail bonds<\/p>\n","protected":false},"featured_media":663285,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-663284","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"e896abae-aa2b-4cae-ab1f-5f38127d8bcb","teaser":"Market jitters | Too early to tell tariff fallout? | Analysts split on inflation forecasts | Egypt Post to issue retail bonds","photo_url":"https:\/\/ent.news\/2025\/2\/1979.jpg"},"yoast_head":"<!-- This site is optimized with the 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