{"id":663362,"date":"2025-04-08T00:00:00","date_gmt":"2025-04-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=663362"},"modified":"2025-12-18T04:36:03","modified_gmt":"2025-12-18T04:36:03","slug":"egypts-flexible-exchange-rate-is-first-line-of-defense-against-global-shocks-aboul-naga-tells-investors-in-dubai","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/egypts-flexible-exchange-rate-is-first-line-of-defense-against-global-shocks-aboul-naga-tells-investors-in-dubai\/","title":{"rendered":"Egypt\u2019s flexible exchange rate is first line of defense against global shocks, Aboul Naga tells investors in Dubai"},"content":{"rendered":"<section id=\"663364\" 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=\"663364\">\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\/08\/its-day-two-of-the-efg-hermes-one-on-one-in-dubai\/\">\r\n                            It\u2019s day two of the EFG Hermes One on One in Dubai                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/273.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"663365\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/its-day-two-of-the-efg-hermes-one-on-one-in-dubai\/273-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/273.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"273.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/273.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/273.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663364\" class=\"content-area-description single-story post-663364 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-central-bank-of-egypt tag-enterpriseam tag-foreign-reserves tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.3cf50df0-36fd-41b3-b6ef-b6f36d7ef884.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good<\/strong><strong> m<\/strong><strong>orning, <\/strong><strong>wonderful people. We have an absolutely packed issue for you this <\/strong><strong>morning<\/strong> in which the big story remains the impact on the EGP of the Trump administration\u2019s tariff war. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The message from the Central Bank of Egypt is clear: The floating FX regime is here to <\/strong><strong>stay<\/strong> and we won\u2019t be burning reserves to defend the EGP. CBE Deputy Governor Ramy Aboul Naga made that clear here in Dubai in on-stage remarks to an audience of hundreds of global fund and portfolio managers at the EFG Hermes One on One. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A floating currency is a \u201cshock absorber\u201d for the economy<\/strong>, Aboul Naga correctly said \u2014 one that prevents the buildup of imbalances of the type that eventually lead to crash devaluations.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The overall sentiment here among fund and portfolio managers, analysts, and <\/strong><strong>corporates: <\/strong>What we\u2019re seeing now with the EGP is natural and \u2014 yes \u2014 healthy. We should be worried when the dynamics *don\u2019t* make sense. Had the EGP not weakened in response to what\u2019s going on, it would have been a sign we were heading back to the \u201cbad old days\u201d before last year\u2019s devaluation.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What should we expect next? <\/strong>Sentiment here at the One on One is that we\u2019re looking at a period of adjustment, after which 10% tariffs (like those Egypt, the UAE, Saudi, and other major Mideast economies now face) are the \u201cnew 0%.\u201d Businesses adapt, and we all move on. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How long will that adjustment period last? <\/strong>That\u2019s the wildcard. In a dozen conversations yesterday, the answers ranged from \u201ca couple of weeks, at least\u201d to \u201cup to six months.\u201d Regional and global markets recover from crises (the global financial crisis, Covid-19, the invasion of Ukraine) recover and move on much, much faster than they did a generation ago.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And nobody is talking about \u201clost IPOs\u201d just yet. <\/strong>There\u2019s optimism that anything postponed from the spring window will be back on deck for execution this fall.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How bad is all of this for Egypt? Probably not at all. <\/strong>Two things factor into that thinking, folks here say:<\/p><ul>\n<li><strong>Carry-trade investors who left Egypt the past couple of days will do so with a good <\/strong><strong>taste in their mouths. <\/strong>They made money. And when the current turmoil settles, they\u2019ll remember they got their USD and got out smoothly \u2014 a big vote of confidence in Egypt and the CBE. <\/li>\n<li><strong>If 10% is the \u201cnew zero,\u201d our export competitiveness just got better <\/strong>relative to lots of people, suggesting a medium-term inflow of FDI is even more likely.<\/li>\n<\/ul><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Read on for the blow-by-blow on how it\u2019s all shaking out<\/strong> and drop us a note by hitting \u201creply\u201d to this email if you have questions you want to explore. <\/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 set to be a hot and dusty day in Cairo today<\/strong>, with a high of 35\u00b0C and a low of 17\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>The summery weather is yet to reach Alexandria<\/strong>, with a high of 26\u00b0C, a low of 15\u00b0C, and a chance of light rain.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we now cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p><p 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=\"wwtt1\"><\/a>  <strong>Chevron to kick off surveying seabed for Egypt-Cyprus gas link:<\/strong> Energy giant Chevron will start surveying operations for the east Mediterranean seabed the upcoming summer, in preparation for the has pipeline connecting the two countries, according to a <a target=\"_blank\" href=\"https:\/\/www.pio.gov.cy\/en\/press-releases-article.html?id=47878#flat\" style=\"\" rel=\"noopener\">statement<\/a> from the Cypriot government.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The Oil Ministry kicked off the Egypt Energy Show in February by <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/26402e59-0c55-44d8-92dd-c93af6721edc\/egypt-is-getting-cypriot-gas-for-liquidation-and-re-export\" style=\"\" rel=\"noopener\">signing two<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/26402e59-0c55-44d8-92dd-c93af6721edc\/egypt-is-getting-cypriot-gas-for-liquidation-and-re-export\" style=\"\" rel=\"noopener\">agreements<\/a> with Cyprus to liquify and re-export Cypriot natural gas, following <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5a57d81a-6422-4c4b-9776-a62ac5bc6a79\/cyprus-is-prepared-to-export-natural-gas-to-europe-via-egypt\" style=\"\" rel=\"noopener\">months of talk<\/a> about an energy corridor connecting the two nations. Egypt will start receiving 400 mn cubic feet per day (mcf\/d) from Cyprus\u2019 Cronos gas field starting mid-2027 and another 500 mcf\\d of gas from the country\u2019s Aphrodite field by 2030, according to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f7b4eb66-182a-4b23-aeba-0c6180e069d9\/egypt-to-welcome-up-to-900-mcf%2Fd-of-cypriot-gas-by-2030\" style=\"\" rel=\"noopener\">unconfirmed reports<\/a> last month.<\/p><p class=\"tag-border-left\">RESERVES WATCH-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>Net foreign <\/strong><strong>reserves rose to USD 47.8 bn at the end of March 2025<\/strong>, marking a USD 363 mn increase from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/003986ad-10c0-40d9-9256-0eec088458c5\/egypt%e2%80%99s-foreign-reserves-inch-up-usd-129-mn-in-february-to-usd-47.4-bn\" style=\"\" rel=\"noopener\">F<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/003986ad-10c0-40d9-9256-0eec088458c5\/egypt%e2%80%99s-foreign-reserves-inch-up-usd-129-mn-in-february-to-usd-47.4-bn\" style=\"\" rel=\"noopener\">ebru<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/003986ad-10c0-40d9-9256-0eec088458c5\/egypt%e2%80%99s-foreign-reserves-inch-up-usd-129-mn-in-february-to-usd-47.4-bn\" style=\"\" rel=\"noopener\">ary<\/a>, according to <a target=\"_blank\" href=\"https:\/\/www.cbe.org.eg\/en\/news-publications\/news\/2025\/04\/07\/06\/48\/net-international-reserves-at-the-end-of-march-2025\" style=\"\" rel=\"noopener\">data<\/a> from the Central Bank of Egypt (CBE). The increase was driven by a jump in gold reserves that helped offset dips in FX reserves and special drawing rights. The country\u2019s net foreign reserves have now increased month on month for the last 31 consecutive months.<\/p><p class=\"tag-border-left\">DATA POINT- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>Egypt's population growth dropped to historic low in 1Q 2025<\/strong>, coming in at 1.3%, down from 1.4% during the same period last year and 1.6% for the quarter in 2023, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/1ADCfzCXF9\/\" style=\"\" rel=\"noopener\">statement<\/a> from the Health Ministry. The decline in birth rate continues a downward trend that saw the country record fewer than two mn newborns <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/32783740-3167-4bc7-8976-71eb0c870a71\/egypt%25e2%2580%2599s-birth-rates-fell-below-the-2-mn-mark-in-2024\" style=\"\" rel=\"noopener\">in 2024<\/a> for the first time in 17 years, with the fertility rate falling to 2.41 per woman from 2.54 the year before, while remaining highly above the replacement rate of 2.1 per woman. As of yesterday noon, the country\u2019s population stood at 107.5 mn. <\/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>Tariffs \u2014 and the global market turmoil they have sparked \u2014 are still the dominant theme <\/strong><strong>across global business pages<\/strong>, though we also have news of impending US-Iran nuclear talks getting attention. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Markets continued to reel yesterday from the uncertainty around tariffs<\/strong>, with the S&amp;P 500 entering the bear market briefly as it fell 20% from its peak \u2014 though stocks later saw a <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-07\/the-7-minute-2-5-trillion-stock-rally-confounds-wary-investors?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">seven-minute rally<\/a> as rumors on social media of a potential 90-day pause on tariffs circulated. The story is everywhere in the global business press. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/04\/06\/stock-market-today-live-updates.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/global-markets-wrapup-1-2025-04-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/stock-market-trump-tariffs-trade-war-04-07-25\" style=\"\" rel=\"noopener\">WSJ<\/a>) <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump threatened an additional 50% tariff on China<\/strong> after the country slapped a 34% retaliatory tariff on American imports, vowing to hike tariffs if they don\u2019t backtrack on their countertariff by tomorrow midnight. The additional levy would bring total tariffs on Chinese imports to 120%. He also <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-07\/netanyahu-seeks-tariff-break-vows-to-eliminate-us-trade-deficit?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">confirmed there would be no pause<\/a> on tariffs, but said he would be open to negotiations with some countries. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/5fba64df-8e03-4890-bc56-bdfc47f3083f\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-07\/trump-threatens-additional-50-china-tariff-over-retaliation?embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/trumps-tariff-medicine-injects-turmoil-into-global-markets-2025-04-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- The European Commission is also considering a retaliatory tariff of 25%<\/strong> on a range of US goods.<\/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\/ads\/imgs\/239.jpg?ssl=1\"><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/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 check in on the NWFE initiative to take a look at what the state has accomplished under the initiative and what it sets out to accomplish in the medium term. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-reserves\/\">foreign reserves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"663366 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n             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-->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"663367\" 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=\"663367\">\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\">THE MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/a-flexible-fx-regime-is-key-as-egypt-faces-trump-turmoil-aboul-naga-tells-investors-in-dubai\/\">\r\n                            A flexible FX regime is key as Egypt faces Trump turmoil, Aboul Naga tells 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src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/259.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"663368\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/a-flexible-fx-regime-is-key-as-egypt-faces-trump-turmoil-aboul-naga-tells-investors-in-dubai\/259-jpg-62\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/259.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"259.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/259.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/259.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663367\" class=\"content-area-description single-story post-663367 post type-post status-publish format-standard has-post-thumbnail hentry category-the-macro-picture tag-economy tag-enterpriseam tag-foreign-exchange tag-interest-rates tag-the-macro-picture 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\/.76aa7ca1-251b-4350-9eaa-ebc0f58a822d.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egypt <\/strong><strong>will con<\/strong><strong>tinu<\/strong><strong>e to rely on a flexible exchange rate regime as a first line <\/strong><strong>of defense against global shocks<\/strong>, central bank Deputy Governor Ramy Aboul Naga told global investors gathered in Dubai for the EFG Hermes One on One. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The FX market is now acting as a \"shock absorber\" for the economy<\/strong>, Aboul Naga said, helping prevent the build-up of structural imbalances and insulating Egypt from volatility in global trade and capital flows. Aboul Naga made the remarks in a wide-ranging conversation on monetary policy and the Madbouly government\u2019s ongoing reform process. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More than 675 institutional investors and fund managers are at the EFG Hermes <\/strong><strong>gathering as US President Donald Trump sets out to reshape the global economic order. <\/strong>Some 252 global institutions will meet through Thursday with top execs from more than 220 companies hailing from a dozen countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No guidance on interest rate decision next week: <\/strong>Aboul Naga signaled that the central bank will cut interest rates when it\u2019s convinced inflation won\u2019t pick up again. While the Central Bank of Egypt (CBE) is committed to its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/691cbaf4-d6c0-4263-9901-6aac766c04cb\/\" style=\"\" rel=\"noopener\">7% (\u00b12 percentage points)<\/a> inflation target for 4Q 2026, the Trump turmoil adds uncertainty to the background when the bank\u2019s monetary policy committee meets a week from Thursday to discuss rates. The bank has no interest in \u201cchoppy\u201d policy shifts if it moves to cut too early. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>KEY TAKEAWAYS-<\/strong><\/p>\n<ul>\n<li><strong>Egypt's flexible exchange rate now serves as a built-in shock absorber<\/strong> \u2014 the EGP\u2019s dip against the greenback this week is healthy and a sign the central bank is not defending the currency;<\/li>\n<li><strong>FX policy is no longer a crisis-management tool.<\/strong> A flexible rate will allow us to avoid building up imbalances like those that have plagued the system for the past decade;<\/li>\n<li><strong>If global uncertainty is here to stay for a while, the best way for Egypt to deal with <\/strong><strong>exogenous shocks is to stay the course on economic reforms<\/strong>, the FX regime, and monetary policy;<\/li>\n<li><strong>Interest rate cuts are on the table<\/strong> provided the CBE is convinced of sustained disinflation and a stable macro backdrop;<\/li>\n<li><strong>Egypt's reform program has largely been institutionalized<\/strong> to protect against short-term policy shifts;<\/li>\n<li><strong>The UAE\u2019s blockbuster Ras El Hekma transaction has reset how the government <\/strong><strong>looks at FDI<\/strong> to help monetize and add value to investments;<\/li>\n<li><strong>NFAs and reserves are strong: <\/strong>Net foreign assets have swung from a USD 29 bn deficit a year ago to a USD 10 bn surplus; reserves are up to USD 47.8 bn;<\/li>\n<li><strong>Diversification is the name of the game: <\/strong>Egypt is seeking deeper integration with a broader range of trading partners beyond the US.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- News follows the EFG Hermes One on One. <\/strong>Last year\u2019s gathering coincided with the CBE devaluing the EGP and moving to a floating currency regime. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Select highlights from Aboul Naga\u2019s on-stage remarks<\/strong> (lightly edited for clarity):<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s a \u201cnew world order\u201d taking shape that will definitely have wide-ranging <\/strong><strong>implications<\/strong>, and it\u2019s natural that this is accompanied by nervousness and uncertainty. The only way forward is to be well-prepared and well-buffered with the right policies. You have no control over when an external crisis hits, so the key is to be in a position in which you\u2019re well-prepared when they hit. Egypt is at the center of a combustible region. We\u2019ve learned that we need to adopt policies that give us shock absorbers so we can minimize the damage created by exogenous events. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s happening now may be best likened to when the pandemic broke:<\/strong> Something that none of us have seen in recent history. That\u2019s why <strong>our focus is on maintaining policies that ensure we remain seen as investable and that we avoid a cacophony of policy changes<\/strong> that wouldn\u2019t be well-received by the market. It\u2019s about pressing forward with the right policies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019ve embarked on a reform program with a lot of conviction<\/strong> and believe firmly that the only way to immunize ourselves against what\u2019s happening is to stay the course. Yes, there are risks to global growth. There is the risk of more inflation \u2014 globally. And Egypt is not immune. And, of course, a slowdown or changes in global trade patterns could have an impact on revenues at the Suez Canal. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investor appetite may also be impacted<\/strong>, but I think the fact that Egypt has been in a reform mode for quite some time \u2014 and the fact that our economic performance has been improving \u2014 is key. Staying the course with our package of economic reforms is key to keeping ourselves on the radar with investors, whether they\u2019re FDI or portfolio investors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our FX policy is not managed. <\/strong>Some countries may react to tariffs by devaluing, but we don\u2019t wake up each morning and say, \u201cYou know, we\u2019ll use FX as a tool.\u201d We have a flexible policy that has become deeply entrenched in the economy. Simply put: <strong>The economy has been positioned in a way to allow the FX market to serve as a shock absorber<\/strong>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We had some capital outflows overnight (Sunday night into Monday), and it was <\/strong><strong>unsurprising<\/strong> given the global uncertainty that continues to linger. But our economy is now in a position that allows it to adjust on a real-time basis.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We saw how the market sold off yesterday, and the FX market\u2019s reaction allows us to <\/strong><strong>avoid the accumulation of the structural imbalances that we\u2019ve previously suffered from.<\/strong> That kind of flexibility in the FX market is key, and what we\u2019re seeing now is very healthy and very sustainable. It\u2019s about not taking one-off hits going forward. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The market is adjusting and responding to real-time dynamics with no involvement from <\/strong><strong>the central bank<\/strong> \u2014 we see no merit in doing that. I don\u2019t make trade policy, but I don\u2019t think retaliatory tariffs would be on the table. It\u2019s important to keep things in perspective. Our trade with the US is about 7% of Egypt\u2019s total trade by volume \u2014 our exports there are about 5.5% of total exports, and US imports to Egypt are about 11% of imports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strategically, it is important to maintain open channels with your major trading partners, <\/strong><strong>and the US is clearly one of them.<\/strong> But it\u2019s also important to remember that policymakers like diversification. From a macro point of view, we need to press for more integration with a wider variety of economic blocks. Our geographical location supports our ability to do that and there\u2019s vested interest in other regional players and among global players in being involved with Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The central bank and cabinet have been focused on institutionalizing reform policies <\/strong><strong>and ringfencing them from change<\/strong> so they\u2019re not subject to transient changes in view. We\u2019ve been put to the test more than once in the last year, and the market has been watching. We\u2019ve proven that we\u2019re staying the course. Again, the key here has been to allow the currency to act as a shock absorber rather than as something that amplifies the impact of events that are unfolding around us. Had we not pursued these kinds of policies and built these buffers to minimize the impact of shocks, we wouldn\u2019t be speaking with this much confidence about the sustainability of our policies. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We looked at vulnerabilities in net foreign assets, in external debt, and at policy <\/strong><strong>sustainability and then set out to address that.<\/strong> We\u2019ve seen a complete turnaround in the NFA position over the past year. It has gone from negative USD 29 bn to a surplus of USD 10 bn. At the same time, we have seen reserves grow to more than USD 47 bn from USD 35 bn a year ago. Our nominal external debt stock has declined to a bit over USD 155 bn from USD 168 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the issue of asset monetization<\/strong>, Egypt has proven over the past decade that it is comfortable going to debt capital markets to address its financing needs, but the truth is that <strong>we can do a lot more, especially when it comes to FDI<\/strong>, where the numbers fall far short of what it could potentially be. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There has been a paradigm shift in how we think about this. Stakeholders at all levels <\/strong><strong>have the conviction that FDI can unlock a lot of potential<\/strong> \u2014 it\u2019s not only about money that\u2019s going to come in. It\u2019s about bringing in the private sector, it\u2019s about improving governance, it\u2019s about improving the marginal utility of assets and adding value in the process. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In that respect, Ras El Hekma was a landmark transaction, paving the way for others <\/strong><strong>across a variety of sectors.<\/strong> The significance of that transaction was, yes, obviously it was quite sizeable, but more importantly it is the amount of attention the transaction got at different government and stakeholder levels. It sets a precedent that we can unlock a lot of potential in assets across sectors that can be brought to the surface and realized in a way that is not debt-accumulating. <strong>This will allow us to push forward with an aggressive reform program without accumulating new debt. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we're seeing today is a new chapter in Egypt's history where FDI is taking a <\/strong><strong>complete turn<\/strong> \u2014 the government is creating an investor-friendly environment that is attractive to both domestic and cross-border investors who want access to the type of significant potential that Egypt has. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt will continue to be a player in global debt markets, sure. But we\u2019re going to see a <\/strong><strong>blend of FDI and debt being raised through a variety of vehicles<\/strong>, and I think concessional loans and concessional financing from our development partners will always be an important part of the mix. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Is Egypt still looking to raise USD 2 bn from the asset monetization program? We\u2019ve <\/strong><strong>reconfigured the program.<\/strong> Obviously, the circumstances in which we discussed it with the IMF two years ago were in a completely different environment and world than we see today. But there\u2019s a two-way belief that we can achieve all of our targets, including our FDI target. We have a fifth review coming up, and the IMF has been very understanding that we\u2019re navigating through unique global circumstances. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Short-term appetite on the part of investors will obviously be a factor and is impacted by <\/strong><strong>global sentiment. <\/strong>Egypt will present itself as a very tangible investment environment for investors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Look at what's happening at a structural reform level with, for example, the <\/strong><strong>government\u2019s emphasis on tax policies.<\/strong> It\u2019s a determination to change not just perception, but to deliver a new experience. To widen the tax base, yes, but to make it easier to do business. And, of course, we want to level the playing field and see more private sector integration in the economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Will there be Saudi, Kuwaiti, or Qatari conversion of deposits to back investments? <\/strong>I don't have any information that I can share about potential transactions or transactions in the pipeline, but I think what matters is that the government is quite keen and that we have an Investment Ministry that is taking strides to enhance the overall investment environment. The message everyone has taken from Ras El Hekma is that we should pursue additional investment in local assets not just for the monetary value, but to unlock better governance and practice for those assets across a range of sectors. The modality and mix of those are yet to be seen. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Inflation is at the heart of everything we do as a central bank where our mandate is price <\/strong><strong>sensitivity.<\/strong> The message is clear that we will do what needs to be done to bring down inflation that had previously soared to unprecedented levels. We\u2019ve used both conventional and unorthodox policies to curb inflation, and we\u2019ve started to see that bear fruit \u2014 February inflation figures surprised pleasantly to the downside, and we see inflation continuing to trend generally lower. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our target of 7% (\u00b1200 bps) continues to be our target for the last quarter of 2026.<\/strong> But when we consider inflation dynamics, we do so on an ex-ante, not ex-post basis. We want to make sure that we have enough of a buffer to ensure that we continue to see disinflation on a forward-looking basis. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The policy rate needs to bring inflation down over the medium term.<\/strong> Nothing is keeping us from doing that except seeing more and more data points and numbers that would perhaps suggest we need to reverse that stance. There are more uncertainties now that are going to factor in the next meeting, which will take place in a couple of weeks. At the end of the day, it is a decision that is made collectively by both independent members and members from the central bank. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The important thing is that to make a decision to start unwinding, we need to have the conviction that whatever position we take can be sustained and won\u2019t be reversed or put on hold as a result of recent events. <strong>We aim to see a measured pace of unwinding rather than choppy interactions that could confuse the market.<\/strong> We will be very vigilant on this as we navigate this new world order. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span 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                 <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/egp-slips-further-against-the-greenback-as-foreign-investors-continue-to-exit-amid-tariff-uncertainty\/\">\r\n                            EGP slips further against the greenback as foreign investors continue to exit amid tariff uncertainty                        <\/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\/08\/egp-slips-further-against-the-greenback-as-foreign-investors-continue-to-exit-amid-tariff-uncertainty\/\" 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<div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/egp-slips-further-against-the-greenback-as-foreign-investors-continue-to-exit-amid-tariff-uncertainty\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/644.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"663371\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/egp-slips-further-against-the-greenback-as-foreign-investors-continue-to-exit-amid-tariff-uncertainty\/644-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/644.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"644.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/644.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/644.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663370\" class=\"content-area-description single-story post-663370 post type-post status-publish format-standard has-post-thumbnail hentry category-egp-watch tag-economy tag-egp-watch tag-enterpriseam tag-exchange-rate 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\/.fab84578-b0f7-40ca-ae09-ab48687ab55f.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The EGP <\/strong><strong>continued to weaken<\/strong><strong> against the USD in trading yesterday<\/strong>, slipping to fresh lows and ending the day at a selling price of around EGP 51.44-51.47 at public and private banks, marking the second consecutive day of an exodus of foreign investors from the local debt market. Interbank market transactions since trading began on Sunday are estimated to have reached a total of USD 1.5 bn, a banking source told EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some analysts think the EGP could slide further<\/strong>, including Abu Dhabi Commercial Bank Chief Economist Monica Malik, who told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-07\/egypt-s-pound-plunges-to-new-low-as-trump-tariffs-roil-markets\" style=\"\" rel=\"noopener\">Bloomberg<\/a> that the national currency could end up trading at EGP 54 against the greenback.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> The EGP <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7ed9db29-89d4-4817-857c-d238729c8590\/egp-drops-to-its-lowest-level-since-march-float-after-tariffs-spark-foreign-investor-exit\" style=\"\" rel=\"noopener\">fell<\/a> just over 1% against the greenback on Sunday, with the drop coming amid global uncertainty after US President Donald Trump\u2019s tariffs came into effect over the weekend, which sent shockwaves across global markets. The day saw a significant exit of foreign investors from our local treasury market \u2014 an exit that came in tandem with the Madbouly government deploying more of its hard currency than usual to take advantage of the sharp decline in global commodity prices.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The estimated outflows over these past few days are over USD 1 bn<\/strong>, which included a number of foreign portfolio investors taking a step back from the country\u2019s carry trade, Goldman Sachs and EFG Hermes economists told the business news information service. \u201cThe global risk-off triggered by Trump\u2019s tariffs have led to a \u2018flight to safety,\u2019 with investors trimming their exposure to all risk assets, Egypt included,\u201d said Goldman\u2019s MENA economist Farouk Soussa. \u201cEgypt is a relatively weak credit with large external-financing needs, and so is seen as vulnerable to a selloff,\u201d he added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But don\u2019t panic, \u201cwe are still within safe limits<\/strong>, and once the wave of volatility calms, hot money will return to the Egyptian market,\u201d our source told us, emphasizing that the scale of the outflows is not overly concerning. Meanwhile, demand for foreign currency may be lower than it was on Sunday due to a decline in executed transactions, our source suggested. Furthermore, Egypt is \u201crelatively insulated from the direct impact of tariffs,\u201d according to Soussa, who noted that exports are not a major driver of the country\u2019s growth. \u201cWith an undervalued currency and IMF backing, Egypt is well-positioned to benefit from a redeployment of risk when that comes,\u201d he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The current situation is being driven by a <\/strong><strong>sta<\/strong><strong>te of uncertainty in global markets at large<\/strong>, the source said, adding that they attribute the continued weakening of the EGP against the greenback to the flexibility of the exchange rate, with demand pressure mounting on the interbank market. \u201cIt is difficult to judge exchange rate developments at the moment, given the challenge of predicting how global markets will respond to the turbulence,\u201d our source told us.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"663372\" 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=\"663372\">\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\">Capital markets<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/this-is-what-global-investors-expect-in-2025-as-trumps-trade-turmoil-spreads\/\">\r\n                            This is what global investors expect in 2025 as Trump's trade turmoil spreads                        <\/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\/08\/this-is-what-global-investors-expect-in-2025-as-trumps-trade-turmoil-spreads\/\" 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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Over 400 attendees had ten seconds to respond to each of ten questions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The topic on everyone\u2019s minds \u2014 the US\u2019 trade war \u2014 was clearly causing anxiety<\/strong>, with most of the attendees (58%) expecting the trade war to escalate further from here, while 42% expect no further escalation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The impact of the trade war is already trickling down to oil prices<\/strong>, prompting nearly half (48%) of respondents to project an average price of USD 70 per bbl for oil this year. Some 38% were even more pessimistic, forecasting a price of USD 60 \/ bbl or less. Oil prices have taken a hit over the past week since the tariffs were announced, with Brent crude reaching a low of USD 63 at one point.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gold prices, on the other hand, are expected to rise<\/strong> \u2014 79% of attendees expect it to end the year higher, as investors rush to haven assets amid rising uncertainty. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The majority of respondents also expect the S&P 500 to have a correction year<\/strong> \u2014 understandable given the sell-off that has taken place since the announcement of the tariffs, wiping tns of USDs in stock value and bringing it dangerously close to bear market territory. The S&P 500 ended yesterday down 0.2%, and 17.6% below its February peak.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The one thing that hasn\u2019t changed much since the tariffs \u2014 expectations of the US<\/strong><strong> Federal Reserve\u2019s interest rate cuts this year. <\/strong>The majority of respondents \u2014 46% \u2014 still see two cuts of 25 bps taking place this year, in line with what most Fed policymakers had <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/544bd2b8-15a5-4aa1-ac24-39f4f8be6501\/fed-holds%253cmark%253e-rates%253c%2Fmark%253e-steady,-warns-of-rising-inflation-and-slower-economic-growth\" style=\"\" rel=\"noopener\">penciled in<\/a> earlier. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zooming in on the Middle East, most (39%) of the attendees still see the Sa<\/strong><strong>udi stock market delivering the best performance in USD terms<\/strong> \u2014 same as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/256d3f69-5f91-45b0-b65e-bd8ec0c86e5c\/results-of-efg-hermes-research%25e2%2580%2599s-annual%253cmark%253e%253cmark%253e-one%253c%2Fmark%253e%253c%2Fmark%253e-%253cmark%253eon%253c%2Fmark%253e-%253cmark%253e%253cmark%253e-one%253c%2Fmark%253e%253c%2Fmark%253e-live-poll-are-out\" style=\"\" rel=\"noopener\">last year<\/a> \u2014 while 22% chose Dubai. Egypt was third, with 18% of respondents optimistic about the stock exchange\u2019s USD performance. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Geopolitics was identified as the biggest risk for MENA markets<\/strong>, with 55% of respondents choosing it over oil prices and reform fatigue. Oil prices came in at a close second, with 41% of respondents seeing it as a risky factor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER KEY TAKEAWAYS:<\/strong><\/p>\n<ul>\n<li><strong>28%<\/strong> of respondents see <strong>banks and financials performing the best<\/strong> among other sectors in the region;<\/li>\n<li>The<strong> UAE and Saudi Arabia<\/strong> were very close in terms of expectations of <strong>strong future <\/strong><strong>returns in the property market<\/strong>, with the former getting 41% of votes and the latter getting 39%;<\/li>\n<li>Some <strong>40% see Dubai real estate prices<\/strong> <strong>ending the year higher<\/strong>. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tap or click <\/strong><strong><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/243.pdf\" style=\"\" rel=\"noopener\">here (pdf)<\/a><\/strong> to see the full results. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-hermes\/\">EFG Hermes<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/equities\/\">equities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sp-500\/\">S&amp;P 500<\/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=\"663374 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=\"663374\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/663374\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663374\" class=\"content-area-description single-story post-663374 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:\/\/ezz-elarab.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/198.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"663375\" 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=\"663375\">\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\">Diplomacy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/egypt-france-elevate-ties-to-a-strategic-partnership\/\">\r\n                            Egypt, France elevate ties to a strategic partnership                        <\/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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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/265.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"663376\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/egypt-france-elevate-ties-to-a-strategic-partnership\/265-jpg-65\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/265.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"265.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/265.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/265.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663375\" class=\"content-area-description single-story post-663375 post type-post status-publish format-standard has-post-thumbnail hentry category-diplomacy tag-abdel-fattah-el-sisi tag-diplomacy tag-egypt-france-relations tag-emmanuel-macron tag-enterpriseam tag-france tag-gaza 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\/.f6a8823b-0e87-49c2-a08b-683e803ebd90.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egypt and France inked a strategic pa<\/strong><strong>rtnership agreement<\/strong> that will focus on areas including railway industry localization, technical and vocational training, AI, cybersecurity, and green hydrogen, President Abdel Fattah El Sisi said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/pfbid02TAgnrT9DBheuMnHakf7yWq5XvtojukBpo1tAFLcc2xM1R4FUMCjCub83N4xxfF5il\" style=\"\" rel=\"noopener\">joint press conference<\/a> with French President Emmanuel Macron (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=k6YXd1IVTTk\" style=\"\" rel=\"noopener\">watch, runtime; 23:46<\/a>). The announcement followed a meeting between El Sisi and Emmanuel Macron, who is in town for a three-day official visit that will wrap today after Macron visits wounded Gazans in a hospital and warehouses stocking aid for Gaza, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/leaders-france-us-egypt-jordan-hold-call-discuss-gaza-france-says-2025-04-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>France is also putting its money where its mouth is<\/strong>, as Macron stating that the French Development Agency will ink EUR 260 mn worth of loans and grants for Egypt to support projects in transport, health, water, and energy. Macron emphasised France\u2019s commitment to ensure Egypt\u2019s stability, especially in light of ongoing regional instability.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two sides inked a long li<\/strong><strong>st of MoUs<\/strong>, including an MoU to establish 100 French schools, an MoU to establish and develop the Gustave Roussy center for cancer treatment in Cairo, and an MoU to continue cooperating on Cairo Metro Line 6 \u2014 for which an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4b53d967-f51a-43a4-93e9-2bc709fe4b9f\/cairo-metro-line-6-to-move-forward-following-action-plan-agreement-with-france\" style=\"\" rel=\"noopener\">action plan<\/a> was signed last December. They also signed a joint declaration to move forward with four investment projects, and cooperation agreements between both countries\u2019 health and higher education ministries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As for the private sector, local and French private<\/strong><strong> players signed 12 agreements<\/strong> during the Egypt-France Business Forum attended by EnterpriseAM, covering healthcare, transport, water, and renewables.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gaza also placed high on the agenda<\/strong>, with both leaders emphasizing their support for an immediate ceasefire in Gaza and moving forward with reconstruction without displacing the Palestinian people. They also discussed Syria and Lebanon, emphasizing the importance of preserving Syria\u2019s unity and ending the Israeli occupation of Syrian territories, while voicing support for Lebanon\u2019s new president and government.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two were also joined by Jordan\u2019s King Abdullah for a tripartite summit on Israel\u2019s <\/strong><strong>bombardment of the enclave<\/strong>, which also touched on Israel\u2019s aggression in the West Bank and East Jerusalem, according to an Ittihadeya <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/pfbid02cBNEPewgCewUPdnaZxYQhK34885gFb71gvhhBqusoG4BVTcRhK42qwy4M86XaXA7l\" style=\"\" rel=\"noopener\">statement<\/a>. The three affirmed their support for Egypt\u2019s reconstruction plan already adopted by the Arab Summit and Organization of Islamic Cooperation and for the plan to be advanced at the upcoming June conference co-chaired by France and Saudi Arabia and another to take place soon in Cairo.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump also made an appearance via telephone<\/strong>, joining the three leaders for a conversation on the sidelines of the summit, according to a separate Ittihadeya <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/pfbid0PcpwAt1JUnzzZGmaPyaQJabt87ohhraz4UKjf78JWKyjJ2UT33uSoZyN6wWnUafTl\" style=\"\" rel=\"noopener\">statement<\/a>. Few details emerged from the call, except that Trump agreed to keep in close contact with the three leaders after they made their case for a ceasefire and full resumption of aid into Gaza.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>News of Macron\u2019s visit and the Gaza-focussed summit lit up television screens across<\/strong><strong> the county last night<\/strong>, with almost all of the country\u2019s talking heads giving their two cents on what the visit means for efforts to end the war in Gaza and Egypt\u2019s relationship with France. Kelma Akhira\u2019s Lamees El Hadidi had coverage (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=TNsLNfWkQIY\" style=\"\" rel=\"noopener\">watch, runtime: 2:56<\/a>, <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=dV8cUA0w4pw\" style=\"\" rel=\"noopener\">6:52<\/a>, <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=geBszJFrVsg\" style=\"\" rel=\"noopener\">1:09:30<\/a>), as did Al Hayah Al Youm\u2019s Lobna Assal (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=vGisiQZOTIU\" style=\"\" rel=\"noopener\">watch, runtime: 1:15<\/a>, <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=YstUWz4RBW4\" style=\"\" rel=\"noopener\">1:39<\/a>) and Ala Masouleety\u2019s Ahmed Moussa (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=u4Mz5PblzJM\" style=\"\" rel=\"noopener\">watch, runtime: 6:24<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Macron\u2019s visit and the call Trump also caught the attention of the international press:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/france-signs-deals-help-egypts-economy-volatile-regional-climate-2025-04-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/leaders-france-us-egypt-jordan-hold-call-discuss-gaza-france-says-2025-04-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/egypt-france-relations\/\">Egypt-France relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emmanuel-macron\/\">Emmanuel Macron<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/france\/\">France<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gaza\/\">Gaza<\/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=\"663377\" 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=\"663377\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/passant-fouad-joins-egypt-kuwait-holding-as-chief-marketing-and-pr-officer\/\">\r\n                            Passant Fouad takes the reins as chief marketing and PR officer at Egypt Kuwait Holding                        <\/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\/08\/passant-fouad-joins-egypt-kuwait-holding-as-chief-marketing-and-pr-officer\/\" 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\/08\/passant-fouad-joins-egypt-kuwait-holding-as-chief-marketing-and-pr-officer\/')\">\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\/08\/passant-fouad-joins-egypt-kuwait-holding-as-chief-marketing-and-pr-officer\/\">\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=Passant Fouad joins Egypt Kuwait Holding as chief marketing and PR officer&url=https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/passant-fouad-joins-egypt-kuwait-holding-as-chief-marketing-and-pr-officer\/\">\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\/08\/passant-fouad-joins-egypt-kuwait-holding-as-chief-marketing-and-pr-officer\/&title=Passant Fouad joins Egypt Kuwait Holding as chief marketing and PR officer\">\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=Passant+Fouad+joins+Egypt+Kuwait+Holding+as+chief+marketing+and+PR+officer+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F04%2F08%2Fpassant-fouad-joins-egypt-kuwait-holding-as-chief-marketing-and-pr-officer%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\/08\/passant-fouad-joins-egypt-kuwait-holding-as-chief-marketing-and-pr-officer\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/281.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"663378\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/passant-fouad-joins-egypt-kuwait-holding-as-chief-marketing-and-pr-officer\/281-jpg-64\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/281.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"281.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/281.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/281.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663377\" class=\"content-area-description single-story post-663377 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-egypt-kuwait-holding tag-enterpriseam tag-moves 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\/.104bd356-757c-401e-a2e0-395db935ce2b.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"http:\/\/www.ekholding.com\/\" style=\"\" rel=\"noopener\">Egypt Kuwait Holding (EKH)<\/a><\/strong><strong> has tapped Passant Fouad (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/passantf\/\" style=\"\" rel=\"noopener\">LinkedIn<\/a><\/strong><strong>) as its new <\/strong><strong>chief marketing and public relations officer<\/strong>, she announced on <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/passantf_newbeginnings-leadership-impact-activity-7314950100349337600-SavM\/?utm_source=share&amp;utm_medium=member_desktop&amp;rcm=ACoAAAZo9YMB-7Wfnv98mbCu78qDX6pdBUN4fwE\" style=\"\" rel=\"noopener\">LinkedIn<\/a>. Fouad most recently served as director of external communications at Juhayna Food Industries, where she spent nearly a decade leading PR, CSR, media strategy, and stakeholder engagement. She previously held senior marketing and communications roles at JWT, Nokia, Motorola, and MediaCom, and brings over two decades of experience in building brands and shaping corporate narratives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What she said:<\/strong> \u201cAfter more than two decades of building stories, strategies, and brands that reflect purpose and progress \u2014 I\u2019m thrilled to share my next professional leap,\u201d Fouad wrote. \u201cEKH is undergoing a major transformation\u2026and I can already tell \u2014 we\u2019re going to bring out the best in each other.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-kuwait-holding\/\">Egypt Kuwait Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/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=\"663379 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=\"663379\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/663379\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663379\" class=\"content-area-description single-story post-663379 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\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=\"663380\" 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=\"663380\">\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\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/mahmoud-mohieldin-gave-his-two-cents-on-the-emerging-new-global-economic-order\/\">\r\n                            Mahmoud Mohieldin gave his two cents on the emerging new global economic order                        <\/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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Mohieldin gave his two cents on the emerging new global economic order\">\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=Mahmoud+Mohieldin+gave+his+two+cents+on+the+emerging+new+global+economic+order+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F04%2F08%2Fmahmoud-mohieldin-gave-his-two-cents-on-the-emerging-new-global-economic-order%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\/08\/mahmoud-mohieldin-gave-his-two-cents-on-the-emerging-new-global-economic-order\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/253.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"663381\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/mahmoud-mohieldin-gave-his-two-cents-on-the-emerging-new-global-economic-order\/253-jpg-87\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/253.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"253.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/253.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/253.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663380\" class=\"content-area-description single-story post-663380 post type-post status-publish format-standard has-post-thumbnail hentry category-last-nights-talk-shows tag-enterpriseam tag-last-nights-talk-shows tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.48f33346-be10-49e5-bafa-817e9446734d.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>\u201cWe are in a global trade war<\/strong>,\u201d former Investment Minister and IMF Executive Director Mahmoud Mohieldin told Lamees El Hadidi on Kelma Akhira (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=6q4v3ZMYagE\" style=\"\" rel=\"noopener\">watch, runtime: 5:13<\/a>). \u201cThe system started eroding in 2008, but by 2025, we can say it\u2019s gone,\u201d Mohieldin said in reference to what he described as the collapse of the post-Second World War economic order. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The road ahead is far from clear<\/strong> as \u201cwe are awaiting a new global order whose contours have yet to take shape \u2014 and we don\u2019t yet know which powers will hold the greatest sway, whether in size or influence,\u201d Mohieldin said. New global economic realities could lead to growing joblessness, slowing growth, rising debt, and declining opportunity \u2014 particularly in developing countries in Egypt \u2014 Mohieldin warned.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But it\u2019s not all doom and gloom, according to<\/strong> <strong>Mohieldin<\/strong>, who argued that the shifting landscape opens \u201cmajor, meaningful\u201d opportunities for Egyptian exports \u2014 whether to the US, the EU, or regionally. But to capitalize, Egypt must boost export competitiveness and draw in investment (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=FTd85-a1iiY\" style=\"\" rel=\"noopener\">watch, runtime: 2:04<\/a>). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>With Egypt\u2019s IMF program set to wrap in November <\/strong><strong>2025<\/strong><strong>, the country\u2019s economic <\/strong><strong>approach ahead could look pretty different. <\/strong>Mohieldin explained that he expects the government to put forward a more \u201cambitious and flexible\u201d fiscal and spending strategy following the end of the program (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=yxw3oC5vkxQ\" style=\"\" rel=\"noopener\">watch, runtime: 4:10)<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"663382\" 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=\"663382\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/thailands-hi-tech-apparel-breaks-ground-usd-20-mn-sportswear-factory\/\">\r\n                            Thailand\u2019s Hi-Tech Apparel breaks ground USD 20 mn sportswear factory                        <\/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\/08\/thailands-hi-tech-apparel-breaks-ground-usd-20-mn-sportswear-factory\/\" 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\/08\/thailands-hi-tech-apparel-breaks-ground-usd-20-mn-sportswear-factory\/')\">\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\/08\/thailands-hi-tech-apparel-breaks-ground-usd-20-mn-sportswear-factory\/\">\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=Thailand\u2019s Hi-Tech Apparel breaks ground USD 20 mn sportswear factory&url=https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/thailands-hi-tech-apparel-breaks-ground-usd-20-mn-sportswear-factory\/\">\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\/08\/thailands-hi-tech-apparel-breaks-ground-usd-20-mn-sportswear-factory\/&title=Thailand\u2019s Hi-Tech Apparel breaks ground USD 20 mn sportswear factory\">\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=Thailand%E2%80%99s+Hi-Tech+Apparel+breaks+ground+USD+20+mn+sportswear+factory+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F04%2F08%2Fthailands-hi-tech-apparel-breaks-ground-usd-20-mn-sportswear-factory%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\/08\/thailands-hi-tech-apparel-breaks-ground-usd-20-mn-sportswear-factory\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/277.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"663383\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/thailands-hi-tech-apparel-breaks-ground-usd-20-mn-sportswear-factory\/277-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/277.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"277.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/277.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/277.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663382\" class=\"content-area-description single-story post-663382 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-energy tag-enterpriseam tag-schneider-electric tag-suez-canal-economic-zone tag-textiles 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\/.484e72d4-7c87-4b16-b8b1-44abb9393621.mp3\"><\/audio><\/figure>\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Thailand\u2019<\/strong><strong>s Hi-Tech Appar<\/strong><strong>el beg<\/strong><strong>an constructio<\/strong><strong>n on its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d37e6527-1e8b-450d-a371-68e38a2907c9\/chinese-usd-146-mn-iron-pipes-factory-breaks-ground.-plus:-a-thai-usd-20-mn-sportswear-factory-in-the-works,-egp-100-mn-home-appliances-factory-for-egypt%25e2%2580%2599s-tredco\" style=\"\" rel=\"noopener\">USD 20 mn sportswear factory<\/a><\/strong><strong> in <\/strong><strong>the Qantara West Industrial Zone<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/15ykfwpKdt\/\" style=\"\" rel=\"noopener\">statement<\/a>. The factory will have an annual production capacity of 6 mn garments, which will be exported to markets including those in the Americas and Europe. It is expected to kick off production early next year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The 64k sqm factory marks the company\u2019s first project in the Middle East and Africa<\/strong> and adds to its portfolio of plans in Thailand, Vietnam, Cambodia, and Laos. The company produces over 60 mn garments every year and manufactures sportswear for companies including US legacy brand Nike.<\/p>\n<p class=\"tag-border-left\"> ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>French elect<\/strong><strong>rical equipment manufacturer Schneider Electric<\/strong><strong> will invest EGP 5 bn to set up four energy control centers<\/strong> under a recently-inked agreement with the Electricity Ministry, a government source told EnterpriseAM. The ministry will finance the centers, one of which will be located in southern Egypt and another in northern Egypt, while the locations of the remaining two were not disclosed. Construction is expected to kick off mid-2025, with operations set to start by the end of 2026.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/schneider-electric\/\">Schneider Electric<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-economic-zone\/\">Suez Canal Economic Zone<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/textiles\/\">textiles<\/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=\"663384\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"663384\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/banks-brace-for-recession-expect-earlier-fed-cuts-as-tariffs-continue-to-shock-markets\/\">\r\n                            Banks brace for recession, expect earlier Fed cuts as tariffs continue to shock markets                        <\/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\/08\/banks-brace-for-recession-expect-earlier-fed-cuts-as-tariffs-continue-to-shock-markets\/\" 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\/08\/banks-brace-for-recession-expect-earlier-fed-cuts-as-tariffs-continue-to-shock-markets\/')\">\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\/08\/banks-brace-for-recession-expect-earlier-fed-cuts-as-tariffs-continue-to-shock-markets\/\">\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=Banks brace for recession, expect earlier Fed cuts as tariffs continue to shock markets&url=https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/banks-brace-for-recession-expect-earlier-fed-cuts-as-tariffs-continue-to-shock-markets\/\">\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\/08\/banks-brace-for-recession-expect-earlier-fed-cuts-as-tariffs-continue-to-shock-markets\/&title=Banks brace for recession, expect earlier Fed cuts as tariffs continue to shock markets\">\n                    LinkedIn                    <!-- <img decoding=\"async\" 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                 <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/251.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"663385\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/08\/banks-brace-for-recession-expect-earlier-fed-cuts-as-tariffs-continue-to-shock-markets\/251-jpg-42\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/251.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"251.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/251.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/251.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663384\" class=\"content-area-description single-story post-663384 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam tag-financial-markets tag-goldman-sachs tag-hsbc tag-inflation tag-interest-rates tag-jpmorgan tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.34e65bdb-ac26-4588-b987-8be991135d56.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Goldman Sachs raised the probability of recession in the US economy to <\/strong><strong>45%<\/strong>, up from the 35% it penciled in just last week, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/goldman-sachs-raises-odds-us-recession-45-2025-04-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The second adjustment came after the sharper-than-expected <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7f14e5bc-412e-4f78-95cd-7f337b26b49b\/trump%25e2%2580%2599s-liberation-day-tariffs-spark-retaliation-from-china,-trigger-market-sell-off\" style=\"\" rel=\"noopener\">tariffs implemented by US President Donald Trump<\/a> triggered a major sell-off in global markets.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The outlook is turning bearish across the board<\/strong>: Other major investment banks have also revised their recession forecasts in the wake of the tariff-induced market turmoil, the <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/jpmorgan-lifts-global-recession-odds-60-us-tariffs-stoke-fears-2025-04-04\/\" style=\"\" rel=\"noopener\">newswire<\/a> reported separately. JPMorgan now sees a 60% chance of a US recession by year-end. HSBC isn\u2019t far behind, putting the odds at 40%, while S&amp;P Global pegs the probability at 30-35%.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Federal Reserve Chair Jerome Powell had <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/feds-powell-weigh-amid-tariff-fray-market-drop-2025-04-04\/\" style=\"\" rel=\"noopener\">added to the panic<\/a><\/strong> earlier, labeling Trump\u2019s tariffs as \u201clarger than expected\u201d and warning it could put the brakes on growth. He also flagged a \u201chighly uncertain outlook,\u201d noting the risk of both higher unemployment and price pressures.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rate cuts to come sooner? <\/strong>Goldman now expects the Fed\u2019s three interest rate cuts \u2014 by 25 basis points each \u2014 to start in June, revised from July. JPMorgan seconds the notion, while expecting the benchmark rate to fall to 3% by January of the next year.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>T<\/strong><strong>raders went all in on rate cuts in yesterday\u2019s session<\/strong>, expecting the Fed to cut rates by an average of 116 basis points this year over four of the five remaining meetings, Reuters reported, citing data compiled by LSEG. The wager on \u201cemergency\u201d meetings \u2014 where rates are going to be cut further \u2014 remains far-fetched for now, with the unusual measures last used during the pandemic. Still, it remains to be seen how far the impact of the trade war on inflation will be, as stagflation is currently the best-case scenario for the US economy, Bill Dudley, former New York Fed president, told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-07\/traders-boost-fed-bets-see-five-more-interest-rate-cuts-in-2025\" style=\"\" rel=\"noopener\">Bloomberg<\/a>.<\/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 opening higher today<\/strong>, recouping some of yesterday\u2019s steep losses. Japan\u2019s Nikkei is up 6.2%, while Hong Kong\u2019s Hang Seng is inching up 2.2%, and Korea\u2019s Kospi is up 1.6%. Wall Street futures also indicate a slight recovery on market open.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">30,454<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: +2.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 51.33<\/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 51.47<\/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 51.34<\/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 51.44<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">27.25% deposit<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">28.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,194<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1% (YTD: -7.0%)<\/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\">8949<\/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\">-2.6% (YTD: -5.0%)<\/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>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\">4799<\/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\">-3.1% (YTD: -7.0%)<\/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\">5062<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2% (YTD: -13.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">7702<\/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\">-4.4% (YTD: -5.8%)<\/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>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\">4656<\/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: -4.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 64.21<\/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\">-2.1%<\/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 3.64<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3%<\/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 2973.60<\/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\">-2.0%<\/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>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 79,239.70<\/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: -15.1%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div><p class=\"tag-border-left\">THE CLOSING BELL-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 fell 0.6% at yesterday\u2019s close<\/strong> on turnover of EGP 3.7 bn (6.4% above the 90-day average). Local investors were the sole net buyers. The index is up 2.4% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Alexandria Containers and Cargo Handling (+4.5%), Rameda (+3.6%), and Ibnsina Pharma (+2.3%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Juhayna (-3.8%), TMG Holding (-3.2%) and Fawry (-2.9%).<\/p><p class=\"tag-border-left\">CORPORATE ACTIONS- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Edita F<\/strong><strong>ood Industries will distribute a dividend of EGP 1.14 per share for its 2024 <\/strong><strong>earnings<\/strong>, after its general assembly approved the move, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/181.pdf\" style=\"\" rel=\"noopener\">disclosure to the EGX (pdf)<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/goldman-sachs\/\">Goldman Sachs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hsbc\/\">HSBC<\/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                <!-- 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decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27465.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into the green economy and ESG issue in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27483.png?ssl=1\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Tuesday 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\/goinggreen\/\">\r\n                            Read going Green                        <\/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\">10<\/div>\r\n\r\n                        <p class=\"f-graphik\">Going Green<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/checking-in-on-the-nwfe-initiative\/\">\r\n                            Checking in on Egypt's NWFE initiative<\/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       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wp-post-image\" alt=\"\" sizes=\"(max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"663387\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/checking-in-on-the-nwfe-initiative\/346-jpg-26\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/346.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"346.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/346.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/346.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-663386\" class=\"content-area-description post-663386 goinggreen type-goinggreen status-publish has-post-thumbnail hentry category-going-green tag-agriculture tag-enterpriseam tag-going-green tag-infrastructure tag-nwfe tag-renewable-energy tag-sustainability wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Pulse chec<\/strong><strong>k on the <\/strong><strong>NWFE initiative: <\/strong>The Planning and International Cooperation Ministry released its second <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/3\/1166.pdf\" style=\"\" rel=\"noopener\">progress report (pdf)<\/a> on the government\u2019s Nexus for Food, Water, and Energy initiative (NWFE), giving us a look at what the initiative has so far achieved and what it plans to achieve in the short and long term. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The NWFE program \u2014 launched in 2022 \u2014 is the government\u2019s flagship initiative aiming to raise blended finance for nine climate adaptation and renewables projects. The program aims to reduce Egypt\u2019s emissions levels, improve air quality, and ensure access to reliable and clean energy sources, all in line with the country\u2019s nationally determined contributions (NDCs).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The initiative has received a lot of backing from the international community<\/strong>, with lead partners including the European Bank for Reconstruction and Development (EBRD), the International Fund for Agricultural Development (IFAD), the African Development Bank (AfDB), and the European Investment Bank (EIB). It is also backed by the EU, the United Nations, the International Finance Corporation, and HSBC, to name a few.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of a wider plan: <\/strong>The initiative aims to feed into the country\u2019s National Climate Change<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Strategy for 2050, which was unveiled a couple of months before NWFE in August of 2022. EnterpriseAM spoke to Amr Abdel Aziz, chairman of the environmental consulting firm that helped craft the strategy, to learn more about it. <strong>Check out the full interview <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e1d6f192-6c6f-45d7-95a8-d580a17b126b\/enterprise-sits-down-with-amr-abdel-aziz,-head-of-the-firm-behind-egypt%25e2%2580%2599s%253cmark%253e-national-climate-strategy%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">here<\/a><\/strong><strong>. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So, what has the energy pillar achieved so far? <\/strong>Since the initiative\u2019s launch, seven renewables projects have secured financial closure, with a combined investment cost of USD 4 bn. In addition, the Egyptian Electricity Transmission Company (EETC) inked long-term power purchase agreements for renewable energy with a long list of private players \u2014 including Acwa Power, Masdar, and Scatec \u2014 for a combined 4.2 GW capacity. The renewables projects have a combined investment cost of USD 3.9 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And more to come: <\/strong>Several solar and wind energy projects with a combined capacity of 3.4 GW are expected to reach financial close this year \u2014 including <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cf3f9eb3-4f44-4e37-91d1-38c3c42143e3\/scatec-inks-ppa-with-egyptalum-for-1.1-gw-solar-plant\" style=\"\" rel=\"noopener\">Scatec\u2019s 1.1 GW solar plant<\/a> in Naga Hammadi, which will power EgyptAlum\u2019s complex, AMEA\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0e0776b4-6497-4dbd-9af6-c265e8eaedbc\/%253cmark%253eamea%253c%2Fmark%253e-power-to-invest-usd-800-mn-to-develop-africa%25e2%2580%2599s-largest-solar-power-plant-and-battery-storage-projects-in-upper-egypt.-plus:-scatec,-two-int%25e2%2580%2599l-consortia-set-the-wheels-in-motion-on-renewables-projects.\" style=\"\" rel=\"noopener\">Amunet wind project<\/a>, and the first phase of Scatec\u2019s USD 5.7 bn 5 GW wind farm in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/330f3ee3-a9fd-4790-be46-17bfdce8bd4d\/scatec-and-orascom-construction-led-consortium-allocated-land-for-two-wind-farms-that-will-generate-8-gw-of-energy\" style=\"\" rel=\"noopener\">West Sohag<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other efforts in the energy pillar worth noting: <\/strong>The state has decommissioned 1.2 GW of thermal stations that run on traditional energy sources since the initiative kicked off \u2014 the plan is to decommission stations producing a total of 5 GW. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We can\u2019t talk about going green without mentioning green hydrogen: <\/strong>The report highlights efforts made in green hydrogen production, explaining that while efforts are yet to yield tangible results, \u201cthe country has seen notable improvements in international rankings, particularly among Arab and African nations.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Egypt ranked 22nd on the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/1\/496.pdf\" style=\"\" rel=\"noopener\">Climate Change Performance Index (CCPI) in 2024<\/a>, scoring 61.8 points and an overall \u201cmedium\u201d rating, surpassed in the Mena region only by Morocco.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The government in August <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5d6ddc0d-5ceb-4101-8487-679c669773d3\/\" style=\"\" rel=\"noopener\">launched<\/a> the <a target=\"_blank\" href=\"http:\/\/greenhydrogen.cabinet.gov.eg\/\" style=\"\" rel=\"noopener\">National Low-Carbon Hydrogen<\/a><a target=\"_blank\" href=\"http:\/\/greenhydrogen.cabinet.gov.eg\/\" style=\"\" rel=\"noopener\">Strategy<\/a>, which targets 5-8% of the global hydrogen market by 2040. The strategy outlines two scenarios \u2014 a \u201ccentral\u201d scenario which sees the country producing 1.5 mn tons per annum of green hydrogen by 2030, with 1.4 mn tons pegged for export, and a more ambitious \u201cgreen\u201d scenario that sees the country producing 3.2 mn metric tons of green hydrogen annually by 2030, with 2.8 mn metric tons earmarked for export.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next for the pillar? <\/strong>\u201cWork will continue with development partners, building on the progress made over the past two years. The focus will be on leveraging innovative financing mechanisms, including debt swaps, utilizing available grants, and increasing private sector participation,\u201d the report reads. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As for the food pillar<\/strong>, it includes projects such as the World Bank-backed climate-resilient agri-food transformation, which focuses on developing modern irrigation systems in the Delta and setting up an early warning system across the country. It also includes adaptation of the Northern Delta affected by sea level rise, which is being carried out alongside the EU and the EIB. The EU provided us with a EUR 125k grant, and the EIB allocated another EUR 300k for consultancy services for the project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What about the water pillar? <\/strong>Egypt secured over EUR 500k from the AfDB\u2019s African Water Facility, which will \u201cfund the preparation of essential upstream technical studies for the development of five renewable energy-powered water desalination plants.\u201d The plants will be built through public-private partnerships and aim to increase water supply by 525k cubic meters per day across Port Said, Alexandria, Matrouh, and the Red Sea. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Then there\u2019s sustainable transport<\/strong>, under which a handful of projects fall, including the extensions of Cairo Metro 1, the Abu Qir Railway Line, and the construction of a couple of other railway lines. The EIB, EBRD, and French Development Agency (AFD) committed a combined EUR 3.5 bn in concessional loans to support the sustainable transport sector. \u201cThe EIB has played a central role not only in providing funding, but also in coordinating with other international partners to provide technical assistance grants. These grants are intended to fund the necessary studies for the implementation of sustainable transport projects,\u201d the report reads. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Going electric: <\/strong>The Transport Ministry is prioritizing environmentally friendly public transport by introducing electric buses and trains, as well as green metro systems to reduce carbon emissions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead:<\/strong> The government plans to focus this year on completing the needed studies for upcoming sustainable transport projects. \u201cThis includes identifying additional funding sources to secure more grants for the preparation of technical, environmental, and social studies, which are necessary for the smooth execution of these projects.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expanding NWFE:<\/strong> Egypt is <a target=\"_blank\" href=\"https:\/\/www.mped.gov.eg\/singlenews?id=6081&amp;lang=en\" style=\"\" rel=\"noopener\">working<\/a> with the African Development Bank to roll out a regional initiative \u201cthat seeks to leverage what has been achieved in the framework of the Country Platform for the NWFE program.\u201d The first phase will see the initiative expand into Kenya, Senegal, and Zambia, with plans to eventually cover the entire continent.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/going-green\/\">going green<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nwfe\/\">NWFE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewable-energy\/\">renewable energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sustainability\/\">sustainability<\/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=\"663388\" 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\/08\/663388\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663388\" class=\"content-area-description single-story post-663388 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\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>EGP continues to fall | France-Egypt relations in focus | NWFE lowdown | Investor insights for 2025<\/p>\n","protected":false},"featured_media":663363,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-663362","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"5cb1c071-6704-4aff-8461-d2786556ea48","teaser":"EGP continues to fall | France-Egypt relations in focus | NWFE lowdown | Investor insights for 2025","photo_url":"https:\/\/ent.news\/2025\/4\/259.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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