{"id":663863,"date":"2025-04-16T00:00:00","date_gmt":"2025-04-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=663863"},"modified":"2025-12-18T04:47:58","modified_gmt":"2025-12-18T04:47:58","slug":"the-house-passes-the-long-awaited-labor-act","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/the-house-passes-the-long-awaited-labor-act\/","title":{"rendered":"The House passes the long-awaited Labor Act"},"content":{"rendered":"<section id=\"663865\" 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=\"663865\">\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\/16\/egypt-targets-usd-4-bn-kuwaiti-investment-in-2025\/\">\r\n                            Egypt targets USD 4 bn Kuwaiti investment in 2025                        <\/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\/16\/egypt-targets-usd-4-bn-kuwaiti-investment-in-2025\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/egypt-targets-usd-4-bn-kuwaiti-investment-in-2025\/967-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/967.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"967.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/967.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/967.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663865\" class=\"content-area-description single-story post-663865 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-egypt-kuwait-relations tag-enterpriseam tag-investment-watch 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\/.46ee11a6-429e-4915-94be-39ddf1dac484.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends.<\/strong> We\u2019ve got another busy issue for you today, with a rundown of all you need to know about the Labor Act passed in the House yesterday (it\u2019s not exactly friendly to private businesses), a look at next fiscal year\u2019s budget, and a vote of confidence in the domestic economy as DPI takes over management of VC firm Nclude. And that\u2019s just for starters, so let\u2019s jump right in.<\/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>Banks <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/story.php?story_fbid=1201971925306559&amp;id=100064812882317\" style=\"\" rel=\"noopener\">will be off<\/a><\/strong><strong> on Sunday and Monday for Coptic Easter and Sham El Nessim<\/strong>, before opening their doors on Tuesday, 22 April.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The public and private sectors <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/69bd1cba-4bbe-4b6c-b07b-536a069a1134\/gaza-and-economic-cooperation-top-agenda-of-el-sisi%25e2%2580%2599s-qatar,-kuwait-trip\" style=\"\" rel=\"noopener\">are getting<\/a> Monday, 21 April off for Sham El Nessim, Thursday, 24 April off for Sinai Liberation Day, and Thursday, 1 May off for Labor Day. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- Sunny skies are forecast for Cairo today<\/strong>, with a high of 26\u00b0C and a low of 16\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 sun is also out in Alexandria<\/strong>, with a high of 23\u00b0C and a low of 15\u00b0C.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p><p 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>#1- Egypt hopes to attract some USD 4 bn in new Kuwaiti investments this year \u2014 part <\/strong><strong>of a wider USD 6.5 bn<\/strong> target through the end of 2026, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/78574\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%83%D9%88%D9%8A%D8%AA%D9%8A%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%A8%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1%D8%A7%D8%AA\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> writes, citing two government officials as its sources. The fresh capital would be directed toward sectors including auto manufacturing, tourism, banking, real estate, pharma and medical equipment, renewables, logistics, infrastructure, agriculture, telecoms, petrochemicals, food, transport, roads, and ports.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Golden License treatment for Kuwaiti projects?<\/strong> All incoming Kuwaiti projects will be granted golden licenses immediately, one of the sources said, mirroring Prime Minister Moustafa Madbouly\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dc716b1d-f25d-461c-b7dd-d9fe8b44f717\/saudi-projects-to-get-the-golden-license%253cmark%253e-treatment%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">pledge<\/a> to Saudi investors earlier this week.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The news follows President Abdel Fattah El Sisi\u2019s trip to Kuwait<\/strong> as part of a GCC tour that also saw him stop by Qatar for discussions with senior officials and business leaders on regional issues and economic cooperation. During a meeting between El Sisi and Kuwait\u2019s Emir Sheikh Mishal Al Ahmad Al Sabah, Kuwait teased its investor appetite for our IT, real estate, banking, pharma, energy, agriculture, and industrial sectors, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/1229395325215860?ref=embed_post\" style=\"\" rel=\"noopener\">joint statement<\/a>.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- 500 MW of the 650 MW Ras Ghareb wind farm is now online<\/strong>, after the completion of its 194 MW second phase, according to a cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0215UaVsa5vxfGxYXtYx33R6XsikqU7BCr3vGkKzE1nNp7dvBKXaPFSRSKHbrhPkdml\" style=\"\" rel=\"noopener\">statement<\/a>. The local-international consortium implementing the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/46971357-5435-47b2-b6ba-15e2fc993580\/orascom-construction,-engie,-toyota-tsusho,-and-eurus-energy-kick-off-commercial-operations-at-ras-ghareb-wind-farm\" style=\"\" rel=\"noopener\">project<\/a> \u2014 consisting of Orascom Construction, Engie, Toyota Tsusho, and Eurus Energy \u2014 will bring the remaining 150 MW online in June.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The 500 MW milestone puts the project six months ahead of schedule<\/strong>, said Orascom Construction in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/949.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> <\/p><p class=\"tag-border-left\">HAPPENING TOMORROW- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>It\u2019s almost<\/strong><strong> time for CBE to make its interest rates decision<\/strong>, and the consensus seems to be that the central bank\u2019s Monetary Policy Committee will cut rates when it meets tomorrow, according to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f1347317-543b-4d91-921b-af6a6917e45b\/majority-of-analysts-see-the-central-bank-cutting-rates-on-thursday--enterpriseam-poll\" style=\"\" rel=\"noopener\">economists and analysts recently polled by EnterpriseAM<\/a>. Most are pencilling in a 200 bps cut, with some saying the cut could be as large as 300 bps.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HSBC\u2019s Simon Williams expects a cut of 200 bps tomorrow<\/strong>, although he cautioned in a note earlier this week that \u201c<strong>the decision to start the easing cycle will be close<\/strong>.\u201d <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global volatility could weigh heaviest in the MPC\u2019s decision: <\/strong>A slight uptick in food prices in March compared to the month before (thank you, Ramadan) and the potential impact of subsidy cuts (where the Madbouly government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/8da683ca-5146-42b0-90a7-5cd17a917896\/\" style=\"\" rel=\"noopener\">hiked fuel prices 15%<\/a> last weekend) will be on committee members\u2019 minds. But Williams cautions that \u201ccentral bank concerns over global market volatility may prove to be a more significant constraint on policy action.\u201d <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Williams sees the EGP\u2019s recent dip against the USD as \u201cmodest and orderly\u201d <\/strong>and notes that \u201cthe increase in system-wide foreign assets during Q1 gives Egypt room for maneuver.\u201d Still, the central bank is \u201chighly sensitive to signs of FX strain, particularly given the feed through to sentiment and inflation expectations. At a time of such market uncertainty, this could yet prompt the MPC to stay its hand.\u201d<\/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>No end in sight to the ongoing trade war:<\/strong> US President Donald Trump has floated yet more tariffs, this time on the critical minerals supply chain, for which he ordered a probe that could lead to the introduction of tariffs down the line. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The goal? To reduce imports of critical minerals \u2014 particularly from China<\/strong>, which dominates the industry \u2014 and boost local production for a sector that has big implications on defense capabilities, infrastructure development, and tech ambitions. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The good news is:<\/strong> Tariffs on critical minerals would be separate from country-specific tariffs, which could ultimately mean\u2026. lower tariffs. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7ac046c1-0a6a-40db-970c-579070c7a55a\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-15\/trump-launches-critical-minerals-probe-with-eye-to-new-tariffs?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/trump-signs-order-launching-probe-into-reliance-imported-critical-minerals-2025-04-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still reeling from earlier curbs: Nvidia<\/strong>, which said it will take a USD 5.5 bn hit this quarter on the back of new barriers on its exports to China. Its shares fell 6% in after-hours trading, dragging Nasdaq futures down 1%. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/66e6abfa-2b79-407c-bda6-d04d19b3b814\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/04\/15\/nvidia-says-it-will-record-5point5-billion-quarterly-charge-tied-to-h20-processors-exported-to-china.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-15\/nvidia-says-us-has-imposed-new-china-restrictions-on-h20-chips?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2503.jpg?ssl=1\"><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education. <\/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 look at Egypt\u2019s hotel chain development pipeline. <\/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\/egypt-kuwait-relations\/\">Egypt-Kuwait relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/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=\"663867 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=\"663867\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/663867\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663867\" class=\"content-area-description single-story post-663867 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/somabay.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/680.jpg?ssl=1\"><\/a><\/span><\/p><div class=\"grouped-tags\">\n<p><span style=\"font-weight:700;\">Easter in Somabay: A Festive Escape by the Red Sea<\/span><\/p>\n<p><span style=\"font-weight:400;\">Easter in Somabay is a vibrant celebration filled with fun for all ages. Families can enjoy beachside egg coloring, kids\u2019 activities, and water adventures. The stunning beaches offer relaxation and watersports by day, while lively nightlife with music and parties takes over after sunset. Add to that a delicious mix of gourmet dining and festive treats, and you\u2019ve got the perfect Easter escape by the Red Sea.<\/span><\/p>\n<\/div>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"663868\" 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=\"663868\">\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\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/the-long-awaited-new-labor-law-is-finally-here\/\">\r\n                            The long-awaited new Labor Law is finally here                        <\/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\/16\/the-long-awaited-new-labor-law-is-finally-here\/\" 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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There are a few months yet. <\/strong>The 2003 labor law will be in effect for at least 90 days \u2014 the new act needs to be published in the Official Gazette and we\u2019ll need to see the executive regulations to it. The country\u2019s specialized labor courts (a key feature of the law) are expected to start operating on 1 October 2025 when the new judicial year kicks off. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who's covered?<\/strong> The new law does not apply to public-sector employees, except in certain cases. It also excludes domestic workers, who will instead be governed by a separate, upcoming law designed specifically for labor in private households.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Freezone and investment zone workers will remain under their own systems.<\/strong> The new legislation preserves the autonomy of freezone and investment zone employment regulations. The lawmakers cited \u201ceconomic considerations these laws represent and the unique nature of the labor relations governed by their regulations.\u201d<\/p>\n<p dir=\"rtl\" style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">KEY FEATURES OF THE LAW-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Annual raises will be calculated differently:<\/strong> The law sets a minimum annual raise of 3% of an employee\u2019s insured wage, replacing the previous 7% of base salary standard. While the percentage is lower, the insured wage calculation could mean a potentially higher raise in absolute terms, according to the House joint committee\u2019s report. Employees are only eligible for a raise after a full year on the job. Employers facing financial hardship may apply to the National Wages Council for a reduction or exemption.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Clarity on contract terms:<\/strong> The law makes open-ended contracts the default, unless otherwise specified in writing. A contract is considered indefinite if it is not written or if it continues after the expiry of a fixed term without renewal. Probation periods remain capped at three months, and an employer may not put a worker on probation more than once. Workers who receive employer-funded training are required to remain with the employer for a set period or repay training costs if they leave early.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Four signed copies \u2014 and in Arabic:<\/strong> Employment contracts must be drafted in Arabic and issued in four copies \u2014 one each for the employer, the employee, the Social Ins. Office, and the relevant administrative authority. If the worker is a non-Arabic speaker, the contract must also be written in their language, but the Arabic version prevails in case of disputes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New work formats get legal clarity:<\/strong> The law formally recognizes modern ways of working including remote work, part-time contracts, flexible and split-hour arrangements, and job-sharing roles. Workers may now be employed by more than one employer simultaneously, provided they respect confidentiality obligations and do not freelance while being employed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On foreign labor:<\/strong> The labor minister will have the authority to set quotas for foreign workers and prohibit non-Egyptians from working in specific sectors. A permit system will be introduced for select foreign investors without official residency. Work permit fees will range from EGP 5k to EGP 150k. Employers must report any foreign worker\u2019s absence for 15 consecutive days without valid excuse.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Work hours + overtime:<\/strong> Employees cannot be required to work more than eight hours a day or 48 hours a week, excluding breaks for meals and rest, which must total at least one hour and prevent more than five hours of continuous work. The law grants a minimum overtime pay of 35% during the day and 70% at night. Workers who are required to work on their weekly day off will be entitled to double pay and another day off in the following week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Leave entitlements:<\/strong> Employees receive 15 days of paid leave in their first year, 21 days starting year two, and 30 days after a decade of service or turning 50. People with disabilities are entitled to 45 days of annual leave. Non-Muslims are entitled to leave on their religious holidays in addition to national holidays.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New protections for working parents:<\/strong> The new law grants female workers a four-month paid maternity leave covering the period before and after delivery \u2014 including at least 45 days post-birth \u2014 without requiring a minimum period of service, scrapping the previous condition of 10 months with the employer. Employers are prohibited from terminating employment during maternity leave. Fathers are entitled to one day of paid emergency leave on the day of their child\u2019s birth, up to three times during their employment, without it counting toward their annual leave balance. The law also gives companies employing over 100 women the option to either establish an in-house childcare center or subsidize childcare costs, with conditions to be set by the relevant ministries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A specialized judiciary for labor disputes: <\/strong>The new law establishes a dedicated judicial system for labor cases, including specialized labor courts and appellate chambers to hear appeals against rulings issued by the labor courts. It also introduces a judge for urgent matters to handle urgent issues, and outlines the procedures for appealing those rulings. For the first time, the Court of Cassation is granted authority to rule on the substance of labor-related cases. Additionally, a new court enforcement division will be created to execute labor judgments. The legislation also allows parties in collective labor disputes to refer their cases to a newly established Mediation and Arbitration Center, as an alternative to formal litigation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lighter financial burdens for both sides:<\/strong> The legislation simplifies judicial procedures and exempts workers from court fees. It also revises contributions to the Labour Ministry\u2019s Training and Qualification Fund, linking them to insured wages rather than net incomes. Employers of over 30 workers must contribute 0.25% of the minimum insurable wage to the fund \u2014 between EGP 10 and EGP 30 per worker annually. Employers who provide in-house training are fully exempt from these contributions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Streamlined dispute resolution mechanisms:<\/strong> The legislation promotes social dialogue and alternative dispute resolution mechanisms \u2014 from collective bargaining to institutional arbitration \u2014 to prevent prolonged conflicts. It establishes a Supreme Council for Social Dialogue tasked with proposing solutions for national labor disputes, especially during economic crises that may lead to full or partial suspension of operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Strike action now comes with tighter rules:<\/strong> Workers cannot go on strike unilaterally \u2014 only their registered trade unions may declare a strike under the new law. The union must notify both the employer and the competent authority at least ten days in advance. Strikes are prohibited in facilities providing essential services, and employers are not obligated to pay wages during a strike.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Labor inspectors get full power: <\/strong>Labor inspectors will have judicial enforcement authority and must carry an official ID card. They are entitled to access and inspect workplaces, review documents, and request any necessary information or records from employers or their representatives to ensure compliance with the law and its executive regulations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Workers\u2019 rights take priority in liquidation:<\/strong> The new legislation grants workers priority over all of an employer\u2019s assets \u2014 even before legal expenses \u2014 when settling outstanding dues in the event of liquidation. It also ensures that mergers, acquisitions, and asset sales do not automatically terminate employment contracts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE REACTION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The preliminary approval of the law was met with mixed reactions:<\/strong> Head of the Trade Union Federation Abdel Moneim El Gamal insisted that some articles of the bill come at the expense of workers and their rights, while the Justice Party\u2019s Abdel Moneim Imam argued that the bill is biased against the private sector. Meanwhile, Labor Minister Mohamed Gobran called it \u201cone of the most important pieces of legislation in recent years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>T<\/strong><strong>he law m<\/strong><strong>oves the needle \u2014 but doesn\u2019t go all the way:<\/strong> House Manpower Committee Deputy Chair Ihab Mansour told EnterpriseAM that while the new labor law is \u201ca step forward\u201d in achieving a more balanced relationship between workers and employers, \u201cit does not fulfill all ambitions.\u201d Mansour noted that the law emerged following a series of hearings aimed at creating consensus. He added that he advocated for linking annual raises to inflation rather than setting them at 3% of insured wages \u2014 a clause the Federation of Egyptian Industries opposed, instead lobbying for a reduction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A victory for job se<\/strong><strong>curity:<\/strong> Fellow committee Deputy Chair Solaf Darwish praised the law for eliminating the long-abused practice of pre-signed resignations \u2014 AKA Form #6. The law now requires resignations to be signed by workers and verified by administrative authorities to protect employees from unfair dismissal.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still out of step wi<\/strong><strong>th the private sector?<\/strong> Private Sector Workers Syndicate head Shaaban Khalifa criticized the new law for not aligning with the realities of Egypt\u2019s private sector. He told EnterpriseAM that some employers pressure workers to sign promissory notes for equipment or company property, which could still be used to exert pressure on employees.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Khalifa also flagg<\/strong><strong>ed issues with hiring practices:<\/strong> He warned that the 1% wage deduction from new hires in their first year \u2014 paid to recruitment companies \u2014 could encourage firms to bypass social insurance obligations and income tax by relying on outsourcing firms. \u201cSome employers deduct as much as 2.5% of wages as commission for these firms to circumvent the burdens of the law,\u201d Khalifa said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Immediate<\/strong><strong> insurance registration is a burden, some argue:<\/strong> National Wages Council member Alaa El Sakty, who also heads the SME Union, said that requiring companies to insure workers from day one imposes a burden on business owners. He called for a three-month probation period before triggering insurance obligations, giving employers time to evaluate worker capabilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Calls to cap foreign labor:<\/strong> Engineering Export Council Chair Sherif El Sayad stressed the need for clear limits on the share of foreign labor allowed at Egyptian businesses to protect local employment and curb joblessness. \u201cUnlike countries in Europe that import skilled labor, Egypt has a skilled workforce across most industries,\u201d he said, warning that some factories might lean on low-wage foreign labor to skirt local regulations and pay less wages.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some are worrying about the potential impact of<\/strong><strong> foreign labor<\/strong><strong> poses a <\/strong><strong>long-term risk:<\/strong> A member of the Egyptian Businessmen\u2019s Association (EBA) told EnterpriseAM that the lack of clear quotas for foreign workers in the law \u2014 or leaving it to ministerial discretion \u2014 could be dangerous in the long run. Egypt has taken in large numbers of refugees in recent years, many of whom would work for any wage just to stay in the country, according to the EBA official, who added that without clear controls, this could have serious implications for the local labor market and economy.<\/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\/employment\/\">employment<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/labor\/\">labor<\/a>\n                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id=\"663871\" 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=\"663871\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">BUDGET WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/next-fiscal-years-government-budget-pencils-in-23-0-jump-in-revenues-19-2-rise-in-expenditures\/\">\r\n                            Next fiscal year\u2019s government budget pencils in 23.0% jump in revenues, 19.2% rise in expenditures                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div 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           <a href=\"https:\/\/api.whatsapp.com\/send?text=Next+fiscal+year%E2%80%99s+government+budget+pencils+in+23.0%25+jump+in+revenues%2C+19.2%25+rise+in+expenditures+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F04%2F16%2Fnext-fiscal-years-government-budget-pencils-in-23-0-jump-in-revenues-19-2-rise-in-expenditures%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\/16\/next-fiscal-years-government-budget-pencils-in-23-0-jump-in-revenues-19-2-rise-in-expenditures\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/959.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"663872\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/next-fiscal-years-government-budget-pencils-in-23-0-jump-in-revenues-19-2-rise-in-expenditures\/959-jpg-28\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/959.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"959.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/959.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/959.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663871\" class=\"content-area-description single-story post-663871 post type-post status-publish format-standard has-post-thumbnail hentry category-budget-watch tag-budget-watch tag-economy tag-enterpriseam tag-finance-ministry tag-house-of-representatives 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\/.4a9e6c29-df95-41e7-9ca3-0b5c0b9b6d10.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Finance <\/strong><strong>Minister Ahmed Kouchouk delivered his budget statement to the House <\/strong><strong>yesterday<\/strong>, giving us the first proper look at the draft state and public government budgets for the next fiscal year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The key takeaways: <\/strong>The Finance Ministry sees growth accelerating, the primary budget surplus rising fractionally, and the deficit inching down. It\u2019s going to spend more on debt service, subsidies, and export incentives. We have a detailed rundown below. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> The government last year <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/146b3145-ac54-4832-be15-9e2799b474bc\/maait-unveils-more-details-on-the-new-unified%253cmark%253e-budget%253c%2Fmark%253e-act\" style=\"\" rel=\"noopener\">amended<\/a> the Unified Budget Act to allow for the budgets of all 59 of the state\u2019s economic bodies and the state budget to be presented in the General Government Budget \u2014 a consolidated budget to help improve the state\u2019s financial indicators by accounting for the entirety of the state\u2019s revenues. This year\u2019s General Government Budget includes the budgets of 40 different entities, with the government planning to incorporate the budgets of other units into the budget over a five-year period.<\/p>\n<p class=\"tag-border-left\">MACRO OBJECTIVES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s real GDP growth is expected to accelerate to 4.5% in the coming fiscal year<\/strong>, up from an estimated 4.0% in FY 2024-25 and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3680d783-daed-465c-9b4c-5e6d6e25de6c\/egypt-wants-to-attract-more-wte-investments\" style=\"\" rel=\"noopener\">in line with recent government forecasts<\/a>. The government is basing its outlook on a targeted average inflation rate of 13.0%, down from the current budget\u2019s average of 19.5%. The country\u2019s total GDP is set to reach EGP 20.4 tn, up from EGP 17.2 tn in the current fiscal year. A government source confirmed to EnterpriseAM that the draft budget was priced at USD at EGP 50.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The gov\u2019t sees the primary surplus reaching 4<\/strong><strong>.0% o<\/strong><strong>f GDP, <\/strong>up from 3.5% projected for the current fiscal year. Alongside this the deficit is expected to decrease from 7.6% of GDP estimated for this fiscal year to 7.3% of GDP in FY 2025-26, before falling further to 5.5% of GDP in FY 2026-27. The government aims to bring down the debt-to-GDP ratio to 80% by the end of June 2026 and to lower external debt by USD 1\u22122 bn annually, Kouchouk said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Revenues and expenses are both forecasted to rise<\/strong>, with next year\u2019s budget pencilling in a 23.0% y-o-y jump in public revenues to EGP 3.1 tn and a 19.2% y-o-y rise in expenses to EGP 4.6 tn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Healthcare and education spending is getting a boost<\/strong>, with the draft budget allocating EGP 617.9 bn to the healthcare sector, including a 50% increase in allocations for state-funded treatment. The government also allocated EGP 684.8 bn for pre-university education, EGP 358.3 bn for higher education, and EGP 173 bn for scientific research. This is up from last year\u2019s budget, wherein the government allocated a total of EGP 858 bn for education as a whole.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The gov\u2019t also recently lowered its price expectations for oil prices, <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/941a5e5b-3c89-45e6-9173-76afe0dbe377\/gov%25e2%2580%2599t-lowers-its-forecast-for%253cmark%253e-oil%253c%2Fmark%253e-prices-in-fy-2025-26-amid-global-uncertainty\" style=\"\" rel=\"noopener\">forecasting<\/a> Brent crude prices averaging USD 77 per barrel from July 2025 through June 2026, down from its previous forecast of USD 82 a barrel in the FY 2024-25 budget, a government source told EnterpriseAM last week. The estimated price could be higher than actual oil price levels during the year, our source suggested, saying that indicators are pointing towards a global dip in oil prices at large. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But other important commodities like wheat are expected to rise. <\/strong>The government is expecting wheat prices through the 12-month period to average at USD 280 a ton \u2014 up from USD 240 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a3ab6ab6-4c7d-4e04-a322-4b5b202f592a\" style=\"\" rel=\"noopener\">estimated for the current fiscal year<\/a>.<\/p>\n<p class=\"tag-border-left\">MONEY IN, MONEY OUT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Madbouly government is aiming to raise some EG<\/strong><strong>P 2.6 t<\/strong><strong>n in tax revenues in the <\/strong><strong>upcoming fiscal year<\/strong> through implementing existing tax facilitation laws and introducing new facilities on customs and real estate taxation \u2014 all without imposing additional tax burdens, Kouchouk said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Taxes on goods and services will make up the bulk of total tax revenues<\/strong> with some EGP 1.1 tn, followed by income taxes with EGP 915.7 bn. Taxes on yields on treasury bills and bonds will come in at EGP 322.1 bn, while customs will make up EGP 135.7 bn of total revenues. Finally, real estate taxes will account for EGP 18.0 bn, with other taxes making up the remaining EGP 122.9 bn.   <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The tax policy for the upcoming fiscal year has a number of objectives. <\/strong>The main aims of the government\u2019s tax policy for the year include making progress in implementing the package of customs facilitation, the implementation of real estate tax reforms, broadening the tax base with minimal impact on inflation rates, as well as continuing the implementation of tax facilitation measures and ensuring they achieve their intended purposes and targets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Interest spending is set to make up the majority of the government\u2019s total expenses<\/strong> with some 50.2% of its total spending (EGP 2.3 tn), with subsidies coming in second place with 16.2% (EGP 742.5 bn). This is followed by wage payments (14.8%) with EGP 679.1 bn allocated.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As for subsidy spending:<\/strong><\/p>\n<ul>\n<li><strong>Food subsidies<\/strong> will total some EGP 160 bn; <\/li>\n<li><strong>Pension spending<\/strong> will come in at EGP 153.4 bn; <\/li>\n<li><strong>Subsidies on fuel products<\/strong> are set to come in at EGP 75 bn \u2014 down from EGP 154.5 bn in FY 2024-25; <\/li>\n<li><strong>Electricity subsidies<\/strong> will come in at EGP 75 bn; <\/li>\n<li><strong>Subsidies on the Takaful and Karama program<\/strong> will make up EGP 54 bn; <\/li>\n<li><strong>Healthcare subsidies<\/strong> will make up EGP 15.1 bn; <\/li>\n<li><strong>Housing subsidies<\/strong> for low-income people will make up the remaining EGP 13.6 bn. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The budget also allocated more support to exports,<\/strong> allocating some EGP 78 bn towards supporting industrial and export activity, including EGP 44.5 bn for export subsidies and EGP 29.6 bn in subsidies for industrial production. Kouchouk said this comes as part of an effort to prioritize \u201cgrowth, stability, and partnership\u201d with the local business community.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There will also be a greater emphasis on incorporating the informal economy,<\/strong> Kouchouk said, adding that the government is working to gradually increase tax revenues as a percentage of total GDP to reach 13% next year \u2014 the highest rate in 10 years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new budget w<\/strong><strong>as prepared as part of a larger plan extending for an additional three<\/strong><strong> years<\/strong>, Kouchouk said. The government expects public expenditure in the budget to grow by 8% in FY 2026-27, and by 15% during the fiscal years FY 2027-28 and FY 2028-29. Tax revenues are expected to go up to EGP 3.9 tn in FY 2027-28, and EGP 4.7 tn in FY 2028-29, driven by a combination of improved economic activity, automation, and the expansion of the tax base, Kouchouk added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And the Planning and International Cooperation\u2019s Economic and Social Development Plan <\/strong><strong>has raised the public investment ceiling to EGP 1.2 tn<\/strong>, which will be complemented by EGP 1.9 tn in private investments \u2014 representing 62.7% of the total. Under the plan, total investment will rise from EGP 2.6 tn to EGP 3.5 tn.<\/p>\n<p class=\"tag-border-left\">KOUCHOUK ALSO GAVE US A 9M UPDATE FOR THE CURRENT FY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite challenges, the state\u2019s finances have been in a decent shape as we approach the end of 9M FY 2024-25<\/strong>, according to Kouchouk. The primary surplus is up to EGP 435 bn \u2014 equivalent to 2.5% of GDP \u2014 even though revenues from the Suez Canal and petroleum sector have taken a beating. Public revenues are up 32% y-o-y, outpacing a 24% y-o-y uptick in expenditures in the nearly nine-month period since July 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Increased tax revenues have helped push revenues up<\/strong>, with the taxman collecting 38% y-o-y more than he did in the same period last year. Dragging on revenues were a 37.5% y-o-y increase in petroleum subsidies, a 37% y-o-y jump in subsidy support, 24% y-o-y uptick in Takaful and Karama payments, a 27% y-o-y rise health spending, 23% y-o-y more for education, and a 78% y-o-y more being allocated to export support.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investments from Egypt\u2019s private sector made up more than 59% of total investments <\/strong><strong>during the period, Kouchouk noted <\/strong>\u2014 representing a 80% annual growth rate. Fostering an environment that empowers private sector-led growth was among the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/033d5dd6-d417-4ad7-8154-b113a19b96a7\/madbouly-sounded-the-right-notes-as-he-unveiled-a-super-sized-usd-8-bn-imf-package\" style=\"\" rel=\"noopener\">key requirements<\/a> of Egypt\u2019s USD 8 bn program with the International Monetary Fund.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And there was encouraging news on the deficit front<\/strong>, which declined to 6.3% of GDP. In the same period the debt of government agencies included in the budget declined by USD 1 bn.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/budget-watch\/\">budget watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/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=\"663873\" 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=\"663873\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/dpi-signals-it-wants-more-egypt-as-it-takes-over-management-of-vc-fund-nclude\/\">\r\n                            DPI signals it wants more Egypt as it takes over management of VC fund Nclude                        <\/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\/16\/dpi-signals-it-wants-more-egypt-as-it-takes-over-management-of-vc-fund-nclude\/\" 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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As general partner, DPI will both run Nclude\u2019s existing investments and make investment decisions going forward.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not a fintech nerd? You should still care of the transaction: DPI taking over Nclude is a <\/strong><strong>significant vote of confidence in the Egyptian economy. <\/strong>The London-based PE firm is a no-BS investor that has AUM of c. 3.1 bn and co-investments across three funds in Africa. That includes some USD 850 mn it has invested here over the last decade in big local names including MNT-Halan and Kazyon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In choosing to up its exposure to Egypt, DPI is signalling that it thinks it can make money <\/strong><strong>here <\/strong>in the years to come. Venture capital investors typically hold investments for a longer period than do PE firms, leaving DPI Venture Capital more exposed to any potential swings in the domestic economy. DPI could have gone anywhere, and it chose here. Food for thought.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s also big news for the continent\u2019s fintech scene, considering that Nclude is the largest <\/strong><strong>fintech-focused firm in Africa. <\/strong>Nclude has deployed upwards of USD 28 mn in companies including Khazna, Paymob, Connect Money, and Flapkap. The firm was set up with the help of the Central Bank of Egypt and is backed by the nation\u2019s three largest state-owned banks, with an Egypt-first mandate that also includes the option of investing up to 30% of its commitments in startups from other African and Middle Eastern nations, with a view to helping them set up shop in Egypt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Leading the team in Egypt is <\/strong><strong>Mohamed Aladdin<\/strong>, a GP who will manage Nclude and the DPI Venture Capital Platform. Ashley Lewis (a familiar face in the local fintech community) will oversee things as managing partner and head of DPI Venture Capital. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lewis\u2019 mandate is to invest across the Middle East and Africa. <\/strong>The firm announced yesterday the launch of DPI Venture Capital, saying the push into venture capital will give it the ability to offer its investors \u201cexposure to highly innovative growth-orientated businesses.\u201d The launch \u201cfulfilled our long-standing ambition to provide investors with a range of investment strategies in Africa,\u201d DPI Co-Founder and CEO Runa Alam said. <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-14\/africa-focused-dpi-takes-over-nclude-to-expand-into-vc-investing\" style=\"\" rel=\"noopener\">Bloomberg<\/a> also has the story.<\/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\/dpi\/\">DPI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/venture-capital\/\">venture capital<\/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=\"663875\" 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=\"663875\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/chinas-befar-kicks-off-construction-on-usd-500-mn-green-chemical-plant-an-egypt-first\/\">\r\n                            China\u2019s Befar kicks off construction on USD 500 mn green chemical plant \u2014 an Egypt first                        <\/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\/16\/chinas-befar-kicks-off-construction-on-usd-500-mn-green-chemical-plant-an-egypt-first\/\" 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\/16\/chinas-befar-kicks-off-construction-on-usd-500-mn-green-chemical-plant-an-egypt-first\/')\">\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\/16\/chinas-befar-kicks-off-construction-on-usd-500-mn-green-chemical-plant-an-egypt-first\/\">\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=China\u2019s Befar kicks off construction on USD 500 mn green chemical plant \u2014 an Egypt first&url=https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/chinas-befar-kicks-off-construction-on-usd-500-mn-green-chemical-plant-an-egypt-first\/\">\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\/16\/chinas-befar-kicks-off-construction-on-usd-500-mn-green-chemical-plant-an-egypt-first\/&title=China\u2019s Befar kicks off construction on USD 500 mn green chemical plant \u2014 an Egypt first\">\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=China%E2%80%99s+Befar+kicks+off+construction+on+USD+500+mn+green+chemical+plant+%E2%80%94+an+Egypt+first+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F04%2F16%2Fchinas-befar-kicks-off-construction-on-usd-500-mn-green-chemical-plant-an-egypt-first%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\/16\/chinas-befar-kicks-off-construction-on-usd-500-mn-green-chemical-plant-an-egypt-first\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/957.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"663876\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/chinas-befar-kicks-off-construction-on-usd-500-mn-green-chemical-plant-an-egypt-first\/957-jpg-27\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/957.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"957.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/957.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/957.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663875\" class=\"content-area-description single-story post-663875 post type-post status-publish format-standard has-post-thumbnail hentry category-manufacturing tag-enterpriseam tag-investment-watch tag-manufacturing wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.9904c055-d662-4724-a390-75b0486911bb.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The country\u2019s first green chemicals plant is officially under construction<\/strong>, after China\u2019s Binhua Group \u2014 or Befar \u2014 broke ground on their USD 500 mn chlor-alkali production facility in the China-Egypt TEDA trade zone, according to a <a target=\"_blank\" href=\"https:\/\/sczone.eg\/with-a-total-investment-of-500-million-equivalent-to-egp-25-5-billion-sczone-chairman-witnesses-groundbreaking-ceremony-for-befar-chlor-alkali-plant-in-sokhna-industrial-zone\/\" style=\"\" rel=\"noopener\">statement<\/a> from the Suez Canal Economic Zone (SCZone). The big-ticket project is split between a USD 300 mn first phase \u2014 to be completed within 18 months \u2014 and a second USD 200 mn second phase.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Once fully up and running, the project will produce 100k tons via the chlor-alkali process a year<\/strong> and is expected to create 800 jobs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The factory is good news for our import bill and localization efforts, given all the things <\/strong><strong>we use the chlor-alkali process for. <\/strong>The chlor-alkali process uses electricity to break down saltwater into chlorine gas, hydrogen gas and sodium hydroxide \u2014 key chemicals used in numerous industries and everyday items. Chlorine is used to purify water and make plastics, sodium hydroxide can be used to make paper, soap, and textiles, while hydrogen is used in fertilizers, refining crude oil, and more.\u201dFrom an economic standpoint, the project opens up wide prospects for downstream and complementary industries, while enhancing Egypt\u2019s capacity to secure its needs for strategic products used across various vital sectors,\u201d said SCZone head Walid Gamal El Din<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But what makes the chemical production facility green? <\/strong>The project gets its green credentials by relying on solar power, wind energy, electricity, and natural gas for its energy needs. \u201cThe project is not merely a large industrial facility but a fully integrated system built upon the principles of environmental sustainability, utilizing diverse clean energy sources to power the production units. This represents an inspiring model for establishing a green chemical industry aligned with Egypt\u2019s national vision for transitioning to a green economy,\u201d said Gamal El Din.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>D\u00e9j\u00e0 vu? <\/strong>We first heard about the project when Befar inked a land usufruct agreement for the project during the Forum of China\u2013Africa Cooperation held in Beijing back <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5eb9f636-99c8-4dc9-a327-72722d4229d6\/egypt-inks-over-usd-1.1-bn-worth-of-agreements-and-mous-at-forum-on-china-africa-cooperation\" style=\"\" rel=\"noopener\">in September 2024<\/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\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"663877\" 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=\"663877\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/italys-mapei-opens-eur-25-mn-chemicals-plant\/\">\r\n                            Italy\u2019s Mapei opens EUR 25 mn chemicals plant in Egypt\u2019s Tenth of Ramadan                        <\/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\/16\/italys-mapei-opens-eur-25-mn-chemicals-plant\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/italys-mapei-opens-eur-25-mn-chemicals-plant\/')\">\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\/16\/italys-mapei-opens-eur-25-mn-chemicals-plant\/\">\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=Italy\u2019s Mapei opens EUR 25 mn chemicals plant&url=https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/italys-mapei-opens-eur-25-mn-chemicals-plant\/\">\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\/16\/italys-mapei-opens-eur-25-mn-chemicals-plant\/&title=Italy\u2019s Mapei opens EUR 25 mn chemicals plant\">\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=Italy%E2%80%99s+Mapei+opens+EUR+25+mn+chemicals+plant+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F04%2F16%2Fitalys-mapei-opens-eur-25-mn-chemicals-plant%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\/16\/italys-mapei-opens-eur-25-mn-chemicals-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/955.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"663878\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/italys-mapei-opens-eur-25-mn-chemicals-plant\/955-jpg-24\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/955.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"955.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/955.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/955.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663877\" class=\"content-area-description single-story post-663877 post type-post status-publish format-standard has-post-thumbnail hentry category-manufacturing tag-enterpriseam tag-manufacturing tag-mapei 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\/.d76c55d9-6c39-4f28-aa3d-32a053a4311e.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Italian che<\/strong><strong>micals manufacturer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mapei.com\/it\/en\/about-us\/mapei-in-italy\" style=\"\" rel=\"noopener\">Mapei<\/a><\/strong><strong> has inaugurated the first phase of its second <\/strong><strong>Egypt factory<\/strong> \u2014 a EUR 25 mn plant in Tenth of Ramadan \u2014 to produce chemical and insulation materials, CEO Veronica Squinzi said in a <a target=\"_blank\" href=\"https:\/\/www.mapei.com\/it\/en\/news\/event-detail\/2025\/04\/15\/mapei-opens-a-new-plant-in-egypt\" style=\"\" rel=\"noopener\">statement<\/a>. The 30k sqm plant will initially export 15\u201320% of its output, with plans to gradually increase its export share over time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The first phase of the facility has a production capacity of 65k tons of dry cementitious materials and 55 mn liters of concrete and cement additives, Mapei Egypt General Manager Bassem Moustafa told EnterpriseAM. It houses eight production lines manufacturing ceramic and marble adhesives, grouts, concrete admixtures, and grinding aids for the cement industry, Moustafa added. Mapei had previously imported these products into Egypt, recording EUR 20 mn in local sales last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The plant has been in the works for over five years<\/strong>, after the Italian manufacturer first touched base for the project <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/3036adbc-f17e-4390-aeb0-6212f68f8461\" style=\"\" rel=\"noopener\">in 2019<\/a>, and broke ground on the first phase of the facility in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e37a9c1a-0a2a-4b03-8262-f38319d05977\/oppo-set-to-assemble-mobile-phones-in-egypt-as-madbouly-reviews-investment-pledges\" style=\"\" rel=\"noopener\">September 2022<\/a>. The first phase was completed in late <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d9bd0e4c-77b2-4fa0-9653-f8f4e0060598\/pm-talks-up-the-end-of-the-fx-crunch-after-tour-of-10-ramadan,-obour\" style=\"\" rel=\"noopener\">2023<\/a>. The company\u2019s first factory \u2014 via its subsidiary Vinavil \u2014 in the country started operations all the way back in 2002.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Robust demand from Egypt\u2019s real estate and construction sectors has prompted Mapei<\/strong><strong> to move forward with the second phase of the plant<\/strong>, Moustafa told us. The expansion will see two new production lines added on the remaining land area, along with capacity doubling on existing lines. Mapei\u2019s existing Egypt operations recorded EUR 60 mn in total sales last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new plant is hoped to become a regional production and export hub<\/strong>, leveraging Egypt\u2019s trade agreements and regional integration with African nations, according to Squinzi. Mapei will direct the allocated exports to North and East Africa as well as the Middle East. Its first export shipment is scheduled for Kenya in the coming days, Moustafa said, adding that the plant\u2019s export sales could reach EUR 2-4 mn by the end of 2024.<\/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\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mapei\/\">Mapei<\/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=\"663879\" 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=\"663879\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/raya-holding-reports-solid-2024-results\/\">\r\n                            Raya Holding reports solid 2024 results                        <\/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\/16\/raya-holding-reports-solid-2024-results\/\" 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\/16\/raya-holding-reports-solid-2024-results\/')\">\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\/16\/raya-holding-reports-solid-2024-results\/\">\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=Raya Holding reports solid 2024 results&url=https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/raya-holding-reports-solid-2024-results\/\">\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\/16\/raya-holding-reports-solid-2024-results\/&title=Raya Holding reports solid 2024 results\">\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=Raya+Holding+reports+solid+2024+results+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F04%2F16%2Fraya-holding-reports-solid-2024-results%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\/16\/raya-holding-reports-solid-2024-results\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/951.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"663880\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/raya-holding-reports-solid-2024-results\/951-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/951.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"951.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/951.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/951.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663879\" class=\"content-area-description single-story post-663879 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings tag-earnings-watch tag-enterpriseam tag-raya-holding 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\/.e04b3676-c311-48a3-b598-69a7e651aa05.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Raya Holding saw its net income after minority interest increase 283% y-o-y to EGP 1.7 <\/strong><strong>bn in 2024<\/strong>, according to its latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/918.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company\u2019s revenues climbed 44.2% y-o-y to EGP 45.1 bn during the year, driven by growth across all business segments, including tech, fintech, manufacturing, and retail.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Raya\u2019s retail and distribution segment remained the top contributor to its <\/strong><strong>revenue in 2024<\/strong>, generating EGP 20.3 bn \u2014 or around 45% of the total \u2014 up 33% y-o-y. The group\u2019s technology and infrastructure segment was the second largest contributor, bringing in EGP 10.8 bn, or 24% of total revenues, marking a 57% y-o-y increase. Raya\u2019s NBFS business accounted for 14% of revenues, with EGP 6.4 bn for the year, up 41% y-o-y, supported by higher demand for SME lending and e-payment solutions. The manufacturing segment came in at EGP 3.3 bn \u2014 around 7% of group revenues \u2014 with Raya Auto (+72% y-o-y) and Raya Foods (+51% y-o-y) driving growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a quarterly basis<\/strong>, Raya Holding\u2019s net income rose 10x y-o-y to EGP 578 mn in 4Q 2024, with revenues rising 48.7% y-o-y to EGP 12.8 bn. Growth was driven by standout performances at Raya Auto, which posted a 247% y-o-y increase, and Raya Information Technology, with a 55% increase.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cBuilding on a strong foundation, the company is pursuing regional and international expansion while deepening its commitment to digital transformation and operational excellence. Strategic priorities for the year revolve on scaling core operations, enhancing customer experience, and embedding sustainability across all business activities,\u201d the statement reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO FROM RAYA- <\/strong>Raya\u2019s board approved the purchase of EGP 20 mn worth of treasury shares on the open market, which will be financed from the company\u2019s resources, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/932.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the EGX. All or part of these shares will fund Raya\u2019s employee stock ownership plan.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/raya-holding\/\">Raya Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"663881 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=\"663881\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/663881\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663881\" class=\"content-area-description single-story post-663881 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=\"663882\" 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=\"663882\">\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\/16\/suez-canal-ports-company-in-the-running-for-egp-4-bn-taba-port-development-project-plus-marco-group-madinet-masr\/\">\r\n                            Suez Canal Ports Company in the running for EGP 4 bn Taba Port development project. PLUS: Marco Group, Madinet Masr                        <\/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\/16\/suez-canal-ports-company-in-the-running-for-egp-4-bn-taba-port-development-project-plus-marco-group-madinet-masr\/\" 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\/16\/suez-canal-ports-company-in-the-running-for-egp-4-bn-taba-port-development-project-plus-marco-group-madinet-masr\/')\">\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\/16\/suez-canal-ports-company-in-the-running-for-egp-4-bn-taba-port-development-project-plus-marco-group-madinet-masr\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Suez Canal Ports Company in the running for EGP 4 bn Taba Port development project. PLUS: Marco Group, Madinet Masr&url=https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/suez-canal-ports-company-in-the-running-for-egp-4-bn-taba-port-development-project-plus-marco-group-madinet-masr\/\">\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\/16\/suez-canal-ports-company-in-the-running-for-egp-4-bn-taba-port-development-project-plus-marco-group-madinet-masr\/&title=Suez Canal Ports Company in the running for EGP 4 bn Taba Port development project. PLUS: Marco Group, Madinet Masr\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Suez+Canal+Ports+Company+in+the+running+for+EGP+4+bn+Taba+Port+development+project.+PLUS%3A+Marco+Group%2C+Madinet+Masr+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F04%2F16%2Fsuez-canal-ports-company-in-the-running-for-egp-4-bn-taba-port-development-project-plus-marco-group-madinet-masr%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\/16\/suez-canal-ports-company-in-the-running-for-egp-4-bn-taba-port-development-project-plus-marco-group-madinet-masr\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/963.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"663883\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/suez-canal-ports-company-in-the-running-for-egp-4-bn-taba-port-development-project-plus-marco-group-madinet-masr\/963-jpg-37\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/963.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"963.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/963.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/963.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663882\" class=\"content-area-description single-story post-663882 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam tag-health-ministry tag-healthcare tag-logistics tag-macro-group tag-madinat-masr tag-manufacturing tag-pharma tag-suez-canal-authority 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\/.c36f6925-3203-4a50-b8b7-27b69e107840.mp3\"><\/audio><\/figure>\n<p class=\"tag-border-left\">LOGISTICS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Red S<\/strong><strong>ea Ports Authority is mulling awarding the EGP 4 bn Taba Port development <\/strong><strong>project to Suez Canal Authority\u2019s subsidiary Suez Canal Ports Company<\/strong>, unnamed government sources told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2025\/04\/14\/1881382\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. The port is slated to give local exports access to new markets at lower costs and ease the reliance on traditional land routes by opening up faster and more efficient access to Jordan and Saudi Arabia.<\/p>\n<p class=\"tag-border-left\">M&amp;A- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Restructurin<\/strong><strong>g at cosmetics pharma giant Macro Group (Macro Capital) turned its major<\/strong> <strong>shareholders into direct shareholders<\/strong>, after having originally held their stakes through the special purpose investment vehicle Leo1 prior to the restructuring of the group's ownership and shareholding structure, according to an EGX <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/724.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. Our friends at EFG Hermes International Securities Brokerage executed the transaction.<\/p>\n<p class=\"tag-border-left\">RESTORATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Property developer Madinet Masr is launching a heritage restoration project in Historic<\/strong><strong> Cairo<\/strong>, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/941.pdf\" style=\"\" rel=\"noopener\">statement<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/941.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. Under the name Buyut Al-Khalifa, the initiative is being developed in partnership with the Built Environment Collective and with the backing of the Supreme Council of Antiquities. the project will focus on reviving the urban fabric of Al Rukbiyya Street and rehabilitating the area\u2019s historic buildings and public spaces using eco-friendly materials and sustainable construction methods. The developer will break ground on the project next month, with implementation set to span three years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cCommunity engagement is a cornerstone of our identity and vision. We are proud to take part in developing the Buyut Al Khalifa project, which seeks to revive endangered urban sites, especially in archaeological and heritage areas,\u201d said CEO Abdallah Sallam.<\/p>\n<p class=\"tag-border-left\">HEALTHCARE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt is exploring a proposal with UK-based pharma giant <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.gsk.com\/en-gb\/\" style=\"\" rel=\"noopener\">GSK<\/a><\/strong><strong> to establish the Middle<\/strong><strong> East and North Africa\u2019s first Multi Omics research center<\/strong>, according to a Health Ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid021tDdmrEj7WhzN43dJrs4jSeDsdniHbqMjAAMruHhroSHEgNXAjFuEgDxCWt2cXPkl\" style=\"\" rel=\"noopener\">statement<\/a>. The proposed facility would specialize in analyzing biological markers in oncology to tailor treatments based on individual patient responses, with additional research applications in liver disease, neurological disorders, and respiratory infections. The two sides also discussed project financing, implementation timelines, and operating models \u2014 details of which, the statement didn\u2019t disclose.<\/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\/health-ministry\/\">Health Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/macro-group\/\">Macro Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/madinat-masr\/\">Madinat Masr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharma\/\">pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-authority\/\">Suez Canal Authority<\/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=\"663884\" 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=\"663884\">\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\/16\/emerging-markets-are-rattled-by-tariff-war\/\">\r\n                            Trump\u2019s trade war rattles emerging 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data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/801.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/801.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663884\" class=\"content-area-description single-story post-663884 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-capital-markets tag-currencies tag-donald-trump tag-emerging-markets tag-enterpriseam tag-equities tag-financial-markets tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.a3446aef-721f-4f14-8c95-8cb2ac85f13a.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Tariffs are fueling investor anxiety across emerging markets (EM)<\/strong>, prompting a shift toward safer assets and adding pressure on currencies and riskier holdings, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-13\/emerging-markets-face-wrecking-ball-from-tariff-turmoil\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wrecking ball:<\/strong> Societe Generale strategists expect most EM currencies to decline, with China\u2019s CNY projected to see a \u201cmodest\u201d depreciation, while South Africa\u2019s ZAR and Latin American currencies could be in for sluggish performance. The \u201cwrecking ball [is] still underway in EM FX, but will slow,\u201d they said.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Optimism is waning:<\/strong> Despite the MSCI EM Currency Index reaching a five-month high last week, investor sentiment remains largely pessimistic due to the ongoing trade war. The Colombian COP and Indonesian IDR <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-08\/pboc-greenlights-yuan-weakness-with-fixing-past-7-2-per-dollar\" style=\"\" rel=\"noopener\">led declines<\/a> among EM currencies last week, while last Monday saw China set its CNY fixing to the weakest level since September 2023 at CNY 7.2038 per USD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Even a weaker USD wouldn\u2019t help:<\/strong> Any unwinding of the USD will benefit developed market currencies more than EM, according to Goldman Sachs Group strategists, with investors using the selloff to seek out undervalued assets in the US.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The risk-off approach is hitting some more than others:<\/strong> Emerging markets with political instability \u2014 such as Turkey, Indonesia, and South Korea \u2014 are adding to investor risk-off sentiment. In Turkey, Morgan Stanley projects a weaker TRY by year-end, estimating a USD 10 bn drop in foreign reserves due to tariff-driven outflows. Local FX demand will be key to the country\u2019s reserves outlook, Morgan Stanley analysts Hande Kucuk and Arnav Gupta told Bloomberg.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oil woes are also inflicting pain:<\/strong> A steep drop in oil prices \u2014 triggered by the tariffs \u2014 <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/oil-price-drop-turns-up-heat-emerging-market-crude-exporters-2025-04-15\/\" style=\"\" rel=\"noopener\">is piling pressure<\/a> on emerging market oil exporters. Brent crude dropped more than 20% in the week following the April 2 tariff announcement, briefly touching below USD 60 per barrel before rebounding. Oil-dependent economies, including Gulf countries, Nigeria, Angola, Venezuela, Brazil, Colombia, and Mexico, are expected to face a hit to hard-currency revenues, while oil-importing countries are set to see some benefits from the falling prices, according to investors cited by the newswire.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How will EM respond?<\/strong> Trump\u2019s tactics may embolden political leaders to adopt more radical approaches, increasing the likelihood of extreme market swings, said Malin Rosengren, a fund manager at RBC BlueBay. \u201cNo doubt we will be seeing more instances across EM of strong man politics testing the limits of the new world order,\u201d she said.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The panic won\u2019t continue for long, though: <\/strong>Rosengren believes that after experiencing volatility for an extended period, investors are likely to fall back on economic fundamentals \u2014 like growth prospects, inflation, and interest rates \u2014 rather than being overly influenced by short-term political drama or instability.<\/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 mostly in the red this morning<\/strong>, with Hang Seng (Hong Kong) down 1.6%, Japan\u2019s Nikkei down 0.7%, and Shanghai Composite down 0.6%. Meanwhile, Wall Street futures are inching down after Nvidia announced it will suffer a hefty USD 5.5 bn quarterly charge on its exports to China due to tariffs.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">31,185<\/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\">+0.01% (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>USD (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 50.92<\/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 51.06<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CIB<\/strong><strong>)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 50.93<\/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 51.03<\/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\">11,617<\/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: -3.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9290<\/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: -1.4%)<\/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>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\">5078<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: -1.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5397<\/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: -8.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">8249<\/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\">+1.4% (YTD: +0.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4970<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.2% (YTD: +1.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 64.47<\/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>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 3.29<\/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%<\/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>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 3248.60<\/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\">+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>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 83,897.00<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7% (YTD: -10.3%)<\/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 was essentially flat at yesterday\u2019s close<\/strong> on turnover of EGP 4.0 bn (11.6% below the 90-day average). Local investors were the sole net buyers. The index is up 4.9% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>E-finance (+4.3%), Orascom Development (+3.5%), and ADIB (+3.1%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Credit Agricole (-14.5%), Juhayna (-2.0%), and Rameda (-1.8%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/currencies\/\">currencies<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/donald-trump\/\">Donald Trump<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/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\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull hardhat vertical-section wide-section wp-block-group issue-section\" id=\"663886\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27467.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep-dive into infrastructure in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27479.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Wednesday 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\/hardhat\/\">\r\n                            Read Hardhat                        <\/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\">HARDHAT<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/egypt-leads-africas-hotel-development-pipeline\/\"> \r\n                            Egypt leads Africa\u2019s hotel development pipeline<\/a>\r\n                        <\/h3>\r\n    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/egypt-leads-africas-hotel-development-pipeline\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The country now accounts for 32.5% of all rooms being developed across the continent, according to this year\u2019s edition of W Hospitality Group\u2019s <a target=\"_blank\" href=\"https:\/\/w-hospitalitygroup.com\/hotel-chain-development-pipelines-in-africa-2025\/\" style=\"\" rel=\"noopener\">Ho<\/a><a target=\"_blank\" href=\"https:\/\/w-hospitalitygroup.com\/hotel-chain-development-pipelines-in-africa-2025\/\" style=\"\" rel=\"noopener\">tel Chain De<\/a><a target=\"_blank\" href=\"https:\/\/w-hospitalitygroup.com\/hotel-chain-development-pipelines-in-africa-2025\/\" style=\"\" rel=\"noopener\">velopment Pipelines in Africa report<\/a>. Egypt remains well ahead of second-place Morocco, which has 58 hotels and 8.6k rooms in the pipeline.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt is home to five of the 10 largest hotels in Africa\u2019s pipeline<\/strong>, with the country\u2019s average hotel project size at 237 rooms \u2014 far above the continental average of 181. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE METHODOLOGY\u2013 <\/strong>The report draws comparatively on data submitted earlier this year to W Hospitality Group by 50 regional and international hotel chains \u2014 covering 145 brands with signed, legally binding transactions in Africa \u2014 from 54 African countries, including North Africa, sub-Saharan Africa, and the Indian Ocean islands. The analysis breaks down chain hotel pipeline activity by region, country, city, chain, and brand, distinguishing between projects still on paper and those under active or suspended construction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s urban hospitality sector was particularly singled out for its growth prospects<\/strong>, with demand accelerating for developments that integrate hotels with branded residences, retail, and conference facilities, Accor Chief Development Officer Maya Ziadeh said. \u201cThis growth is further propelled by leisure destinations, driven by the Coast and well-established resort destinations like Sharm El Sheikh, Hurghada and Marsa Alam, reinforcing Egypt\u2019s position as a key player in the regional hospitality sector,\u201d she added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Greater Cairo boasts the largest hotel development pipeline of any African city<\/strong>, with nearly 17.8k rooms in the works \u2014 accounting for around 17% of the continent\u2019s total rollout. The capital\u2019s pipeline is being driven by global heavyweights like Accor, Marriott, Hilton, and IHG, which together have 67 projects representing 14.6k rooms.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Around 30% of these rooms are scheduled to open this year and next<\/strong>, with Barcel\u00f3, Radisson, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8be71a1e-a5a4-4e48-9078-3bb30d5cef25\/%253cmark%253emandarin-oriental%253c%2Fmark%253e-is-coming-to-egypt,-amazon-is-doubling-delivery-capacity,-and-elevate-healthcare-is-linking-up-wtih-dar-al-handasah#:~:text=Mandarin%20Oriental%20to,open%20in%202024.\" style=\"\" rel=\"noopener\">Mandarin Oriental<\/a> \u2014 which is taking over the historic Shepheard Hotel \u2014 expected to roll out new properties. Hilton is also set to introduce its lifestyle brands, the Curio Collection and Tapestry Collection, to Egypt as part of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d78b3f97-3857-41cb-b9d9-e27388f70a29\/hilton-to-triple-its-presence-in-egypt-with-25-new-hotels-in-the-pipeline\" style=\"\" rel=\"noopener\">plans to more than triple its local presence<\/a> and exceed 40 properties in the coming years, Hilton\u2019s Carlos Khneisser said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I<\/strong><strong>CYMI-<\/strong> Hilton will launch the continent\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c9071294-c1ce-4b88-a3fd-13637ab4c79b\/fertilizer-player-agro-th-to-set-up-egp-5-bn-plant#:~:text=%231%2D%20Hospitality%20giant,another%20200%20rooms.\" style=\"\" rel=\"noopener\">first Signia by Hilton Hotel and Signia Residence<\/a> in West Cairo\u2019s Skywalk, featuring 200 rooms, restaurants, a spa, gym, and one of Cairo\u2019s largest meeting venues at 5k sqm. The adjoining residence will add another 200 serviced units.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sharm El Sheikh is also punching above its weight.<\/strong> The Red Sea resort town ranks among the top resort destinations and has the second-largest hotel development pipeline among surveyed African cities, with 4.2k rooms in the works. Accor dominates the city\u2019s development activity, holding eight of the nine planned projects and accounting for 96% of total rooms with brands like Rixos, Fairmont, and MGallery. Hilton is developing the only other project in the area, under its Curio Collection.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other coastal hotspots are gaining ground<\/strong>, including Ain Sokhna, which has 2.0k rooms in the pipeline, followed by the North Coast with 1.5k rooms. Marsa Alam is also among the continent\u2019s top resort development markets, with 1.4k rooms, followed by Hurghada with 820 rooms.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A lot of foreign investors have been eyeing the North Coast and the Red Sea as of late.<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/20ab0bc4-dc00-4995-a673-5d4e4cf51948\/kuwait-eyes-state-owned-company-stakes-and-more-in-push-to-increase-egypt-investment-20%2525-in-2025\" style=\"\" rel=\"noopener\">Kuwait<\/a> is reportedly planning to invest in projects across both regions, while <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/368aaf15-668d-4ff1-9346-118e4cc83d00\/qatari-delegation-teases%253cmark%253e-north-coast%253c%2Fmark%253e-development,-logistics-zones,-data-center-investments,-tourism-investments\" style=\"\" rel=\"noopener\">Qatar<\/a> is said to be exploring potential entries into the North Coast\u2019s tourism sector. Leading the charge is the much anticipated <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b0b97fcf-95b0-4d39-86ae-0a4989221520\/adq-acquires-development-rights-to%253cmark%253e-ras-el-hekma-%253c%2Fmark%253efor-usd-24-bn,-will-invest-a-further-usd-11-bn-in-real-estate-and-other-prime-projects\" style=\"\" rel=\"noopener\">USD 35 bn Ras El Hekma project<\/a>, where ADQ is developing a next-gen city spanning 170 mn sqm. UAE-based Horizon Egypt Developments is also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/849f94e8-8892-4ac3-81ef-a541f80e38fe\/us-international-development-finance-corporation-mulls-financing-actis%25e2%2580%2599-gabal-el-zeit-acquisition.-plus:-saudi-smes-to-expand-in-egypt,-the-hub-plan-new-frozen-food-factory,-uae%25e2%2580%2599s-horizon-egypt-eyes%253cmark%253e-north-coast%253c%2Fmark%253e-project#:~:text=UAE%20developer%20Horizon,up%20similar%20projects.\" style=\"\" rel=\"noopener\">reportedly<\/a> looking to snap up 180 acres on the North Coast to build an integrated tourism complex. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>Egypt aims to increase tourist footfall from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/77933bb3-9bd8-4b17-b329-2e729e223d68\/coptic-christmas-announced-as-paid-holiday-for-public,-private-sectors\" style=\"\" rel=\"noopener\">15.7 mn last year<\/a> to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7146e7f9-7441-42f9-b510-89160f014d0b\/remittances-rise-65.4%2525-y-o-y-to-usd-2.6-bn-in-november\" style=\"\" rel=\"noopener\">30 mn tourists<\/a> a year by 2030 and boost hotel room capacity to 500k from 228k currently. The state has also launched a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7c9ab4a9-f406-4067-bab7-cc002137f0c8\/the-details-of-the-egp-50-bn-subsidized-loan-program-for-hospitality-players\" style=\"\" rel=\"noopener\">EGP 50 bn subsidized loan program<\/a> for the tourism sector, providing tourism operators with extended support to expand facilities and accommodate an anticipated growth in visitor numbers \u2014 with a focus on key tourist destinations in Luxor, Aswan, Greater Cairo, the Red Sea, and South Sinai governorates. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Momentum is building \u2014 on paper, at least. <\/strong>The report paints a picture of a young but growing pipeline in Egypt with less than half of the rooms under development currently under construction, indicating many recent signings and long lead times to delivery. In 2024, only three hotels actually opened in Egypt out of a scheduled 12, reflecting an actualization rate of just 25% \u2014 well below the continental average of 38%. That being said, some 154 hotels are scheduled to open in Egypt this year alone.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zooming out: <\/strong>Across Africa, hotel chains are developing 577 properties with over 104k rooms, a 13.3% y-o-y increase. North Africa saw the fastest growth in 2025 \u2014 up 23% y-o-y \u2014 while sub-Saharan Africa grew at a more modest 6%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>2024 was a record year for hotel openings across the continent<\/strong>, with 59 new hotels opening in 2024 \u2014 more than double the number opened in 2023. This marks the first year since the pandemic that delivery rates have improved, signaling improved project financing and developer confidence across the continent.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Your top infrastructure stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Majid Al Futtaim Holdings\u2019 (MAF)<\/strong><strong> Majid Al Futtaim Properties is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ef2ab1e9-d901-478a-8940-fae55f3de8ce\/majid-al-futtaim-launches-egp-15-bn-junction-project-in-west-cairo\" style=\"\" rel=\"noopener\">investing<\/a><\/strong><strong> EGP <\/strong><strong>15 bn in a new mixed-use project called Junction<\/strong>, which will be located next to Mall of Egypt in West Cairo. <\/li>\n<li><strong>The French Development Agency and the EU <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ac89de42-c6b1-4448-8b2d-b8c1c7be301e\/egypt,%253cmark%253e-france%253c%2Fmark%253e-sign-several-financing,-cooperation-agreements-during-macron%25e2%2580%2599s-visit\" style=\"\" rel=\"noopener\">inked EUR 262.3 mn worth of<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ac89de42-c6b1-4448-8b2d-b8c1c7be301e\/egypt,%253cmark%253e-france%253c%2Fmark%253e-sign-several-financing,-cooperation-agreements-during-macron%25e2%2580%2599s-visit\" style=\"\" rel=\"noopener\">loans<\/a><\/strong><strong> for infrastructure projects<\/strong>, including for an electricity control center and a wastewater treatment plant in Alexandria, a wastewater plant in Gabel El Asfar, and the Robeiky-Tenth of Ramadan-Belbeis freight and passenger railway line.<\/li>\n<li><strong>The National Authority of Tunnels is looking to bring the Cairo Metro and other<\/strong><strong> electric traction lines under its wing <\/strong>through a draft law that has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eaf05183-b52e-44ee-b465-5489a056ad08\/gov%25e2%2580%2599t-pledges-to-settle-cotton-farmer-dues-before-the-end-of-the-month.-plus:-national-authority-of-tunnels,-macro-group-%2B-chi-consumer-healthcare-investments-%2B-enverson-international\" style=\"\" rel=\"noopener\">reportedly received the green light<\/a> from the cabinet. The proposed legislation would also let the authority exploit the assets for financial gain.<\/li>\n<\/ul>\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\/construction\/\">construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hardhat\/\">Hardhat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\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=\"663888\" 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\/16\/663888\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-663888\" class=\"content-area-description single-story post-663888 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;\">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>28-30 April (Monday-Wednesday): FDC Regional Digital Industry Summit will <\/span><span>launch cybersecurity<\/span><span style=\"font-weight:400;\"> 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:400;\">November: Egypt to join the EU\u2019s Horizon Europe research and innovation program.<\/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>Budget season. New management Nclude. Egypt\u2019s first green chemical plant. Trade wars rattle EMs.<\/p>\n","protected":false},"featured_media":663864,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-663863","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"b19104d2-4b13-48eb-8562-5aafe338d316","teaser":"Budget season. New management Nclude. Egypt\u2019s first green chemical plant. 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