{"id":664050,"date":"2025-04-22T00:00:00","date_gmt":"2025-04-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=664050"},"modified":"2025-12-18T04:52:26","modified_gmt":"2025-12-18T04:52:26","slug":"govt-to-replace-long-list-of-fees-charges-with-single-unified-additional-net-income-tax","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/govt-to-replace-long-list-of-fees-charges-with-single-unified-additional-net-income-tax\/","title":{"rendered":"Gov\u2019t to replace long list of fees, charges with single unified additional net income tax"},"content":{"rendered":"<section id=\"664052\" 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=\"664052\">\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\/22\/tariffs-and-economic-uncertainty-hang-over-day-two-of-the-imf-and-world-banks-spring-meetup\/\">\r\n                            Tariffs and economic uncertainty hang over day two of the IMF and World Bank\u2019s spring meetup                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1366.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1366.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1366.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1366.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-664052\" class=\"content-area-description single-story post-664052 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseam tag-imf tag-what-were-tracking-today tag-world-bank 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\/.c8f0b6c0-7397-4e28-92c5-4404df83d375.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends, and welcome back.<\/strong> Leading the issue today is news that the government is working to replace the plethora of fees and charges many companies face with single unified additional net income tax. Also shaking up the world of local business is the central bank\u2019s decision to cut rates \u2014 the first time it\u2019s done so since 2020.<\/p><p class=\"tag-border-left\">PSA- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#1- We\u2019ll all b<\/strong><strong>e losing an hour of sleep this Friday as daylight saving time returns.<\/strong> Our timezone will shift to GMT+3 from GMT+2 at midnight on Thursday, 24 April \u2014 meaning the official time will jump from 12am to 1am on Friday, 25 April.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#2- Be ready<\/strong><strong> for more scrutiny from the US when applying for a visa<\/strong>, as the US Embassy Cairo posted on <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/USEmbassyCairo\/posts\/pfbid0329BWN8S47CiEBo8UhBWABjwzq6XPfTi3EHRfjPwZysPtJpccUg3C9MV56aNzBt3Dl\" style=\"\" rel=\"noopener\">social media<\/a> that the country\u2019s immigration authorities would \u201ccontinuously check visa holders to ensure they follow all US laws and immigration rules \u2014 and\u2026 will revoke their visas and deport them if they don\u2019t.\u201d<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The announcement follows the US immigration authority <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.uscis.gov\/newsroom\/news-releases\/dhs-to-begin-screening-aliens-social-media-activity-for-antisemitism\" style=\"\" rel=\"noopener\">beginning<\/a><\/strong><strong> to screen \u201calien\u2019s <\/strong><strong>social media activity for antisemitism\u201d<\/strong> earlier this month \u2014 which has been shown by the case of <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/commentisfree\/2025\/mar\/19\/mahmoud-khalil-statement\" style=\"\" rel=\"noopener\">Columbia University student Mahmoud Khalil<\/a> and others to also include legitimate criticisms of Israel's war on Gaza under the Trump administration's definition.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>#3- The second phase of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.afreximbank.com\/afreximbank-launches-intra-african-epc-contract-promotion-programme-as-iatf2023-hosts-presidential-summit%EF%BF%BC\/\" style=\"\" rel=\"noopener\">Hub for Advisory, Finance, and Investment for Enterprises<\/a><\/strong> <strong> \u2014 better known as Hafiz<\/strong><strong> \u2014 is live<\/strong>, expanding its offering of financing and technical support tools for private businesses, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MOICEgypt\/posts\/pfbid0fpNPGzMzZKQhUicyQXfLjwqXAJsGFioA9VjAihpEcoRe8cYnScLSYG8M6rKhqRAvl\" style=\"\" rel=\"noopener\">ministry statement<\/a>. The platform now provides access to more than 90 financial and non-financial services \u2014 up from 62 at launch in December 2023 \u2014 through 44 bilateral and multilateral development partners.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- It\u2019s heating up in Cairo today<\/strong>, with a high of 39\u00b0C and a low of 27\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>Alexandria is also in store for some sooner-than-expected summer temperatures<\/strong>, with a high of 34\u00b0C and a low of 21\u00b0C.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we now cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p><p class=\"tag-border-left\">WATCH THIS SPACE-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>The Africa<\/strong><strong>n Development Bank (AfDB) plans to funnel USD 300 mn into Egypt\u2019s<\/strong><strong> private sector this<\/strong><strong> year<\/strong>, Planning and International Cooperation Minister Rania Al Mashat said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0kXPoRBvMoWJSrzASwD5MKXYHqHEFSAgKVKkoAPWjDXgV46PC4aFevgoa2PmF9t5pl\" style=\"\" rel=\"noopener\">statement<\/a>. The funding will focus on SMEs and large enterprises through a combination of project financing, corporate funding, and lines of credit.<\/p><p class=\"tag-border-left\">HAPPENING TODAY-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>It\u2019s day two of t<\/strong><strong>he IMF and World Bank\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9d2ebe76-b10f-49f6-999b-377e4da5b32f\/\" style=\"\" rel=\"noopener\">spring meetup<\/a><\/strong>, taking place amid the global economy grappling with mounting trade tensions and tariff escalations. The six-day <a target=\"_blank\" href=\"https:\/\/meetings.imf.org\/\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/meetings.imf.org\/\" style=\"\" rel=\"noopener\">2025 Spring Meetings of the IMF and World Bank Group<\/a> will bring together policymakers, central bankers, economists, private sector leaders, and others to discuss what the year ahead holds.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The themes of this year\u2019s meetup are already starting to become clear<\/strong>, as the Trump administration\u2019s aggressive tariff regime continues to shake confidence in the post-WWII trade order, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-21\/world-s-economic-chiefs-to-face-trump-s-trade-war-in-washington\" style=\"\" rel=\"noopener\">Bloomberg<\/a> writes. With fears of a prolonged trade war mounting, finance chiefs gathering in Washington will be looking for ways to preserve multilateral cooperation \u2014 or at least find workarounds as the US doubles down on bilateralism. Against this backdrop, the relevance of global institutions like the IMF and World Bank in an increasingly fragmented world is once again up for debate.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Once the go-to forum for synchronized policy responses, the G-20 is now seen by many <\/strong><strong>as drifting into irrelevance<\/strong>, as Washington\u2019s pivot toward unilateral action has further weakened the group\u2019s ability to manage global economic shocks. \u201cThe cost of not having the G-20 is that you won\u2019t have a level of economic policy coordination, and that should be terrifying people,\u201d said Center for Global Development\u2019s VP Clemence Landers. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Planning and International Cooperation Minister Rania Al Mashat will be <\/strong><strong>taking the stage alongside World Bank head Ajay Banga and others <\/strong>for the World Bank flagship event Jobs \u2014 The Path to Prosperity. The meeting will dissect how \u201cto meet the stable employment aspirations of the developing world's fast-growing youth population.\u201d You can watch the event live at 8-9:30pm Cairo local time or catch the recording afterwards on <a target=\"_blank\" href=\"https:\/\/live.worldbank.org\/en\/event\/2025\/spring-meetings-jobs-the-path-to-prosperity\" style=\"\" rel=\"noopener\">World Bank Live<\/a> \u2014 both of which will have Arabic translation available.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The International Monetary Fund is also set to release the full biannual <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.imf.org\/en\/Publications\/WEO\/Issues\/2025\/04\/22\/world-economic-outlook-april-2025?cid=ca-com-compd-pubs_belt\" style=\"\" rel=\"noopener\">World Economic<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.imf.org\/en\/Publications\/WEO\/Issues\/2025\/04\/22\/world-economic-outlook-april-2025?cid=ca-com-compd-pubs_belt\" style=\"\" rel=\"noopener\">Outlook<\/a><\/strong><strong> today <\/strong>at 5pm CLT. The fund\u2019s Kristalina Georgieva <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/imf-expects-notable-markdowns-growth-forecasts-no-global-recession-2025-04-17\/\" style=\"\" rel=\"noopener\">indicated<\/a> last week the report will feature \u201cnotable markdowns\u201d in growth projections due to rising trade tensions and instability in the trading system.<\/p><p style=\"border-right-style:solid;border-top-width:0pt;border-left-style:solid;orphans:2;text-align:left;padding:0;margin:0;border-right-width:0pt;line-height:1.15;border-left-width:0pt;border-top-style:solid;border-bottom-width:0pt;border-bottom-style:solid;widows:2\"><strong>You can check out the full schedule on the<\/strong><strong><a target=\"_blank\" href=\"https:\/\/meetings.imf.org\/en\/2025\/Spring\/Schedule\" style=\"\" rel=\"noopener\"><\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/meetings.imf.org\/en\/2025\/Spring\/Schedule\" style=\"\" rel=\"noopener\">event\u2019s official website<\/a><\/strong><strong>.<\/strong><\/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>The global foreign press is split between two stories this morning:<\/strong> Pope Francis\u2019 death and the latest sell-off on Wall Street. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Obituaries for Pope Francis, who died at 88 due to a stroke and cardiac arrest a day after Easter Sunday, are pouring in<\/strong>, with many looking at his role in reforming the Catholic Church. Focus is also turning to who will succeed him among his 252 cardinals, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/after-pope-francis-death-focus-turns-cardinals-who-will-choose-his-successor-2025-04-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. Obituaries are everywhere: <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/424ee29b-4715-4fb9-abdb-c7754d835adc\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/obituary-pope-francis-shook-up-church-with-simplicity-raising-conservative-ire-2025-04-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2025\/04\/21\/europe\/pope-francis-obituary-intl\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.independent.co.uk\/news\/obituaries\/pope-francis-obituary-roman-catholic-church-b2424609.html\" style=\"\" rel=\"noopener\">The Independent<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/obituaries\/2025\/04\/21\/pope-francis-obituary-dead\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>President Abdel Fattah El Sisi described Pope Francis as \u201can exceptional global figure<\/strong>\u201d in a letter of condolence, praising his lifelong dedication to peace, justice, and standing with the Palestinian cause and efforts to end the conflict, according to an Ittihadiya <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/pfbid0EyLoAndnimTknzUhU2ZaQEhjUk7TjP79vETEdPu347XmtLCjJ7rkU5xRWv11udX8l\" style=\"\" rel=\"noopener\">statement<\/a>. The Coptic Orthodox Church also <a target=\"_blank\" href=\"https:\/\/copticorthodox.church\/en\/2025\/04\/21\/h-h-pope-tawadros-ii-mourning-pope-francis-of-the-vatican-he-was-a-voice-for-peace-and-truth-and-left-a-remarkable-example-in-serving-humanity-everywhere\/?fbclid=IwY2xjawJzs4lleHRuA2FlbQIxMAABHgqe5NnfrxVio313LKCLtOWISQdPO7yB2B5Q8FW3LtrxRr0ovmcHFkwnbfYa_aem_JYfkJY8Iw0xVBZ_b-ugA-Q\" style=\"\" rel=\"noopener\">mourned the pope<\/a>, calling him \u201ca true example of Christian humility,\u201d while Al Azhar Grand Imam Sheikh Ahmed El Tayeb released a statement describing the head of the Catholic Church as a \u201cdistinguished humanitarian and dear friend\u201d and paying tribute to his \u201cpowerful defense of Palestine and the \u200eoppressed people of Gaza.\u201d<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also getting plenty of ink this morning:<\/strong> A sell-off hit Wall Street on the first day back from the long weekend after US President Donald Trump renewed his criticism of US Federal Reserve Chair Jerome Powell, saying on his social media platform Truth that he must lower interest rates \u201cNOW\u201d to give the economy a boost. The S&amp;P 500 ended the day down 2.4%, while the tech-heavy Nasdaq fell 2.6%. The USD also took a beating, falling 1.5% to a three-year low against a basket of major trading partners. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/1cd3d21c-a3eb-43a4-b174-cbab1304b282\" style=\"\" rel=\"noopener\">FT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-21\/traders-unfazed-in-quietest-market-selloff-as-big-days-pile-up?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/04\/21\/us-dollar-falls-to-three-year-low-as-trumps-powell-threats-further-dent-investor-confidence.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/stocks\/global-stocks-markets-dow-news-04-21-2025-5bdd7935?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">WSJ<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/us-stock-futures-drop-trump-takes-aim-powell-2025-04-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- It\u2019s earnings week: <\/strong>Tesla will today kick off a more tense earnings season than usual for Big Tech as companies grapple with the impact of tariffs on their businesses and margins in their forecasts. Alphabet will follow with its earnings report on Thursday, while Apple, Meta, Microsoft, and Nvidia are expected to file earnings reports next week. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/239.jpg?ssl=1\"><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue: <\/strong>We check in on the EBRD-funded Green Economy Financing Facility program to see what\u2019s accomplished so far and still has in the 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\/imf\/\">IMF<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-bank\/\">World Bank<\/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=\"664054 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=\"664054\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/22\/664054\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-664054\" class=\"content-area-description single-story post-664054 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/somabay.com\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/28.jpg?ssl=1\"><\/a><\/span><\/p><div class=\"grouped-tags\">\n<p><span>Somabay; every reason to fall in love.<\/span><\/p>\n<\/div>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"664055\" 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=\"664055\">\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\">Tax<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/22\/govt-working-to-replace-long-list-of-fees-charges-with-single-unified-additional-tax-on-net-income\/\">\r\n                            Egypt working to replace long list of fees, charges with single unified additional tax on net income                        <\/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\/22\/govt-working-to-replace-long-list-of-fees-charges-with-single-unified-additional-tax-on-net-income\/\" 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 state is currently surveying fees imposed by 67 administrative bodies with the goal of consolidating and reducing them, two government sources told EnterpriseAM. We were the first to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9e12e57d-c27f-4e8f-ae4d-d66137bb5b6a\" style=\"\" rel=\"noopener\">pick up news<\/a> of the plan back in December.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government is planning to replace many of the various fees charged by different entities with <\/strong><strong>a single unified additional tax on net income<\/strong>, which aims to streamline the tax system and reduce the administrative burden on businesses. A digital platform will also be launched to consolidate fee and tax collection under two or three entities, with all payments funneled through the new system to simplify compliance and increase efficiency, we were told. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This additional tax on net-income is expected to come in at around 2-3%<\/strong>, our government sources told us. The final figure, however, will be worked out by soon-to-be-formed committees that will attach themselves to government bodies that interact with investors to try to catalogue and rationalize the many fees that investors face.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some could see the amount of fees and charges they cough up fall by 50%<\/strong>, as many investors are currently charged twice for certain permits or services by different government bodies. The new system will be administered by the finance and investment ministries and oversee the issuance of commercial and industrial registrations, environmental and fire safety certificates, importers\u2019 licenses, chambers memberships, traffic permits, economic hardship funds for workers, and more. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But despite the reduction in fees, the government thinks the new plan could double its <\/strong><strong>annual turnover rate<\/strong>, as the new system will encourage more investment and help projects increase earnings, one of our government sources told us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A shake-up to how direct taxes are calculated is also part of the plan<\/strong>, with income tax, taxes on unlisted shares, and the stamp duty to be unified as a single tax, our source told us. This would unify some 55% of taxes, our source added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new plan will increase transparency and tax policy stability <\/strong>\u2014 two important factors that currently persuade many not to invest \u2014 we were told. \u201cThis is a positive and well-timed step,\u201d Food Export Council head Ashraf El Gazayerli told EnterpriseAM, adding that he expects the move to lower costs and boost food exports by 15%. Federation of Chambers of Commerce\u2019s Internal Trade Committee of the Importers Division head Matta Bishay also told EnterpriseAM that the SME economy could also witness growth on the back of the fairer and more predictable tax system. The new system should be good news for exports, according to Cairo Chamber of Commerce\u2019s Exporters Division head Ahmed Zaki, who told us that a \u201cstable and clear tax system\u201d would increase exports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And speaking of exports, faster customs clearance is also part of the plan<\/strong>, with the aim to cut customs clearance times to six days from eight. To facilitate that, customs offices will remain operational during weekends and public holidays, and businesses will be able to pay fees after banks\u2019 working hours.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But for the new plan to work, it has to be implemented well<\/strong>, industry insiders told us. Export Council for Building Materials head Walid Gamal El Din said enforcement is key, warning that some agencies may try to add new fees later.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We should know more soon with the long awaited and much anticipated <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9e12e57d-c27f-4e8f-ae4d-d66137bb5b6a\" style=\"\" rel=\"noopener\">tax policy<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9e12e57d-c27f-4e8f-ae4d-d66137bb5b6a\" style=\"\" rel=\"noopener\">document<\/a><\/strong><strong> set to be unveiled by the Finance Ministry. <\/strong>The initially outlined plan \u2014 which shares a lot of similarities with this most recent iteration \u2014 is part of a wider package of measures aimed at attracting foreign investments and changing the overall investment climate in Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The plan received extensive \u2014 and positive \u2014 coverage on the airwaves last night<\/strong>, with the initiative widely welcomed as an important step to improving the country\u2019s investment climate by hosts and guests alike. Federation of Egyptian Industries\u2019 tax committee head Mohamed El Bahy told Kelma Akhira\u2019s Lamees El Hadid that the directive addresses one of main issues facing investors in Egypt \u2014 the lack of transparency and clarity about the true costs of a project. \u201cEgypt\u2019s core challenge today is attracting more FDI \u2014 and that won\u2019t happen unless investors know the full cost upfront,\u201d El Bahy said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>El Bahy also stressed that small companies won\u2019t be taxed like larger ones<\/strong>, as \u201cevery [business] will pay based on its income. Someone making EGP 100 mn isn\u2019t the same as someone making EGP 1 mn. The rate is fixed, but the outcome reflects the size of the business\u201d (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=uV3_T1UwgJY\" style=\"\" rel=\"noopener\">watch, runtime: 1:42<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Less paperwork and more investment was the message on Azza Moustafa\u2019a Al Sa\u2019aa Al<\/strong><strong> Sadesa\u2019. <\/strong>Egyptian Tax Society head Yasser Maharem told Moustafa the unified tax system will mean that investors can focus on launching projects and not dealing with bureaucracy (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=T3lur804gs0\" style=\"\" rel=\"noopener\">watch, runtime: 4:25<\/a>). National Dialogue private investment committee member Samir Sabry similarly told Al Hayah Al Youm\u2019s Lobna Assal that the move responds to a long-standing call from the private sector and will help boost production, exports, and job creation (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=UHH1S2Zh87Q\" style=\"\" rel=\"noopener\">watch, runtime: 6:50<\/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\/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\" 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<\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/22\/cbe-cuts-rates-for-the-first-time-since-november-2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/178.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"664059\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/22\/cbe-cuts-rates-for-the-first-time-since-november-2020\/178-jpg-42\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/178.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"178.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/178.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/178.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-664058\" class=\"content-area-description single-story post-664058 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-central-bank-of-egypt tag-cib tag-economy tag-enterpriseam tag-interest-rates tag-national-bank-of-egypt 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\/.15fe7227-e5f3-4d5f-9676-c5851613ad54.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Cen<\/strong><strong>tral Bank of Egypt cut interest rates by 225 bps in its second meeting of the year <\/strong><strong>on Thursday<\/strong>, the bank said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1206.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The move marks the Monetary Policy Committee\u2019s (MPC) first change to the policy rates since <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3135c499-31a4-4ef0-b26f-5009f0430da5\/this-evening:-cbe-floats-the-egp,-goes-for-600-bps-rate-hike\" style=\"\" rel=\"noopener\">March 2024<\/a>, following seven consecutive meetings where rates were <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/33887fd4-82fe-47f2-901d-7377ee97b0df\/\" style=\"\" rel=\"noopener\">held steady<\/a>. It is also the bank\u2019s first rate cut since November 2020. The decision was supported by cooling inflation in the first quarter of 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where rates currently stand:<\/strong> The overnight deposit rate now stands at 25.0%, the overnight lending rate at 26.0%, and the main operation and disc. rates at 25.5%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Most economists and analysts w<\/strong><strong>e <\/strong><strong><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\">polled<\/a><\/strong><strong> last w<\/strong><strong>eek saw this coming<\/strong>, with most expecting the MPC to cut rates by at least 200 bps, while others gave a more conservative estimate of a 100 bp cut.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThe sharp decline in annual headline <\/strong><strong>inflation<\/strong><strong>\u201d in 1Q 2025 created \u201cample room for<\/strong> <strong>commencing the easing cycle,\u201d<\/strong> the MPC said, noting that inflation during the quarter dropped by nearly 9 percentage points. Additionally, inflation is expected to continue to fall throughout this year and 2026, \u201calbeit at a slower pace\u201d than that of 1Q, the committee said. \u201cImprovements in economic indicators despite recent global developments prompted the CBE\u2019s decision, with the bank seeing that it could still meet its goals this year as inflation continues to decline,\u201d Thndr Securities Brokerage\u2019s Chief Equity Strategist Amr El Alfy told EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>However, inflation is still \u201cvulnerable to upside risks\u201d<\/strong> from recent global developments, including the US-China trade war and continued geopolitical tensions, the MPC said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Annual headline urban inflation hit <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/887b908d-b7c1-4275-8cae-5a88ee5c4cc7\/egypt%e2%80%99s-inflation-picks-up-in-march-to-13.6%25,-snapping-months-long-downward-trend\" style=\"\" rel=\"noopener\">13.6%<\/a> in March, marking a 0.8 percentage point increase from the 12.8% recorded in February and ending a four-month-long downward trend. Food and beverage price inflation drove the increase, with the segment rising 2.9 percentage points to 6.6% in March. On a monthly basis, inflation edged up by 0.2 percentage points to 1.6%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The CBE is slowly changing its tune in response to the economic outlook.<\/strong> \u201cWhat stood out for me was the shift in tone compared to the last meeting, which felt overly cautious at the time. Now, the central bank is clearly acknowledging the disinflationary trend,\u201d economist Mona Bedair told us. \u201cWhile the tone is more balanced this time \u2014 recognizing tighter real rates and easing inflation expectations \u2014 it\u2019s still anchored in risk awareness, particularly around fiscal pass-through, regional geopolitics, and global trade dynamics,\u201d she said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move was essential for economic growth and investment<\/strong>, Al Ahly Pharos\u2019 Esraa Ahmed told EnterpriseAM. \u201cThe decision was a satisfying one \u2014 it stays within the realm of a cautious cut that the current economic situation needs. We believe the bank needed to begin its easing cycle to nourish the economy, lessen investment costs, encourage foreign direct investment, and potentially benefit from the trade war, as it could prompt countries to invest in less affected economies,\u201d Ahmed said. \u201cThis cut isn\u2019t big enough to create much of an impact on its own, but it is an indication that the bank is moving towards the needed easing cycle,\u201d she added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More and even larger rate cuts could be coming our way.<\/strong> \u201cIf these risks prove to be better contained \u2014 or at least measurable \u2014 we could see a broader easing cycle ahead, Bedair said. \u201cIn my view, there\u2019s room for a cumulative policy cut of more than 600 bps in 2025, depending on how inflation unfolds. This isn\u2019t a pivot to an expansionary stance. It\u2019s a controlled, data-driven recalibration \u2014 one that protects monetary credibility while finally starting to support real growth.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The central bank believes that economic activity can reach its full potential in the next <\/strong><strong>fiscal <\/strong><strong>year.<\/strong> \u201cEstimates for the output gap indicate that actual economic activity remains below its full potential \u2026 but is projected to reach full potential\u201d by the end of FY 2025-26, the bank said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rate cuts are good news for Egypt\u2019s debt servicing costs, which could now fall by <\/strong><strong>over EGP 100 bn<\/strong>, a senior government source told EnterpriseAM, noting that every 100 bp reduction saves around EGP 50 bn in interest payments. Interest spending is set to make up the majority of the government\u2019s total expenses in its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/34ccc1e0-b104-4cf1-a9f7-903d3403cd70\" style=\"\" rel=\"noopener\">newly drafted FY 2025-26 budget<\/a> with some 50.2% of its total spending, equivalent to EGP 2.3 tn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the easing cycle may take time to filter through the budget<\/strong>, the source added. But in the longer term, the central bank\u2019s anticipated monetary easing cycle \u2014 alongside the new budget\u2019s assumption of a 16% average rate \u2014 should help ease the state\u2019s debt burden over time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We should also see the launch of alternative debt instruments soon following the cuts<\/strong>, as the Finance Ministry had been waiting for the bank to move before issuing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b6b41452-184e-4beb-b7f7-95a2a922a329\/government-plans-on-issuing-usd-2-bn-in%253cmark%253e-sukuk%253c%2Fmark%253e-in-2025-through-multiple-offerings,-kouchouk-says\" style=\"\" rel=\"noopener\">Islamic sukuk<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/af43b682-4ee2-4d27-b5c4-946a6d79b04a\/egypt-post-to-issue-upcoming%253cmark%253e-retail-bonds%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">retail bonds<\/a>, and other products, which are now much easier to price fairly in a more moderate interest rate environment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banks are already gearing up to cut rates on savings accounts<\/strong>, with CIB announcing in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1270.pdf\" style=\"\" rel=\"noopener\">note (pdf)<\/a> to customers that it will cut interest rates on its savings accounts and its certificates of deposits (CDs) by 225 bps, starting today. Other banks could follow suit, including the National Bank of Egypt, which is set to soon hold a meeting to review interest rates on CDs in line with the CBE\u2019s new rates, CEO Mohamed El Etreby said. However, some banks may choose not to cut their rates the whole 225 bps as they have become an important source of funding that banks may want to maintain \u2014 even if it means having to shoulder narrower margins and increasing costs, banking expert Hany Abou El Fotouh told us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banks had already been cutting rates in preparation for the CBE\u2019s decision.<\/strong> Banque Misr, CIB, and QNB Alahli \u2014 to name a few \u2014 all <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/009d7157-6591-4b66-9874-678672086127\/how-egypt%25e2%2580%2599s-commercial-banks-are-bracing-for-a-potential-rate-cut\" style=\"\" rel=\"noopener\">slashed rates<\/a> on their certificates in recent months in preparation for the CBE\u2019s easing cycle. But even with reduced rates, \u201ccertificates will remain the safest bank savings instruments available,\u201d banking expert Mohamed Abdel Aal said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Lenders are also expected to turn to bonds to lock in the highest possible yield<\/strong> and could move to issue variable-yield certificates of deposit instead of fixed-rate ones during the CBE\u2019s easing cycle, a senior banking executive told EnterpriseAM previously. To main profitability, banks could also turn towards the high-demand SME sector, reduce costs by digitizing services, and by \u201cdiversifying revenues through service fees and investing in government debt instruments,\u201d Abou El Fotouh said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The international press also reported the rate cut<\/strong>: <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/rates-bonds\/egypt-cuts-interest-rates-first-time-since-2020-2025-04-17\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-04-17\/egypt-makes-first-rate-cut-since-2020-with-inflation-tamed\" style=\"\" rel=\"noopener\">Bloomberg<\/a> <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cib\/\">CIB<\/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\/interest-rates\/\">interest rates<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-bank-of-egypt\/\">National Bank of Egypt<\/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=\"664060\" 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=\"664060\">\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\">Food<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/22\/b-labans-reopens-in-saudi-arabia-and-could-follow-suit-in-egypt-if-it-mends-health-and-regulatory-lapses\/\">\r\n                            B Laban\u2019s reopens in Saudi Arabia, and could follow suit in Egypt if it mends health and regulatory lapses                        <\/a>\r\n        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         <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1245.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"664061\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/22\/b-labans-reopens-in-saudi-arabia-and-could-follow-suit-in-egypt-if-it-mends-health-and-regulatory-lapses\/1245-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1245.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1245.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1245.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1245.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-664060\" class=\"content-area-description single-story post-664060 post type-post status-publish format-standard has-post-thumbnail hentry category-food tag-enterpriseam tag-food tag-health-ministry tag-national-food-safety-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\/.44f8319f-4580-43ab-8178-7be090e9ca7d.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>B Laban back in business \u2014 in Saudi, at least.<\/strong> Homegrown dessert chain <a target=\"_blank\" href=\"https:\/\/blaban.net\/\" style=\"\" rel=\"noopener\">B Laban<\/a> is officially resuming operations in Saudi Arabia after all of its branches there were shut down last month due to suspected food safety violations, the company said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid02L1G1wJ9CpVCgLtFsqjXLhG6LsAdTGjz7GNudH9NXk1qporLVTTaKcNTQEFhd5MGjl&id=61554331319184\" style=\"\" rel=\"noopener\">statement<\/a>. The news comes amid the chain\u2019s continued closure in Egypt, but B Laban branches could reopen their doors after a week or so \u2014 provided they meet a list of food-safety and regulatory requirements, co-owner Abdel Rahman Ashmawy told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/arab-and-world\/egypt\/2025\/04\/21\/%D8%A8%D8%B9%D8%AF-%D8%A7%D9%84%D8%A7%D9%86%D9%81%D8%B1%D8%A7%D8%AC%D8%A9-%D9%83%D9%88%D8%A7%D9%84%D9%8A%D8%B3-%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D8%A7%D8%B3%D8%AA%D9%85%D8%B1-8-%D8%B3%D8%A7%D8%B9%D8%A7%D8%AA-%D8%AD%D9%88%D9%84-%D8%A8%D9%84%D8%A8%D9%86-\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Last week, authorities <\/strong><strong>shuttered<\/strong><strong> all 110 of B Laban branches nationwide<\/strong>, affecting some 25k workers for the chain, the company said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid0nid8PJBoMSTZMoxJPgqhc8aTwaLpRK6Zes2pnHJaQLXPd2ZpSBYdQTnCKLGRVP52l&id=61554331319184\" style=\"\" rel=\"noopener\">statement<\/a>.The sweeping move also included several other sister brands of the dessert chain, including Kunafa w Basbousa, Karam El Sham, Whammy Burger, and 3m Shaltat. The closures also extended to the chain\u2019s production facilities and affiliated outlets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The action followed inspections by the National Food Safety Authority (NFSA) in the <\/strong><strong>second half of Ramadan<\/strong>, after they received complaints about food safety concerns, NFSA chairman Tariq Al Hobi told eXtra News (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=5P_ICJNL2wg&ab_channel=eXtranews\" style=\"\" rel=\"noopener\">watch, runtime: 7:16<\/a>). \u201cWe found substances that are prohibited for use, such as certain colorants.\u201d The inspection also found \u201cexpired products \u2014 and even the valid ones were marred and tainted by a set of changes in their sensory characteristics,\u201d Al Hobi said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company was already told what to fix \u2014 but allegedly didn\u2019t follow through.<\/strong> The NFSA had met with one of B Laban\u2019s owners and a technical team from the company on 6 April to walk them through the corrective measures required to bring their factories and retail outlets in line with food safety regulations. However, the company \u201cdid not take the necessary steps to comply,\u201d the authority said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/story.php?story_fbid=1206035674900184&id=100064812882317&mibextid=wwXIfr&rdid=aDtd9vLvFHLCYPpy\" style=\"\" rel=\"noopener\">statement<\/a>. Following that meeting, \u201cwe conducted an inspection of 47 establishments affiliated with this chain\u2026in some branches, out of ten samples collected, eight were contaminated with pathogenic bacteria that pose a danger to consumer health.\u201d Al Hobi also said that \u201csome products contained insects and flies\u201d and that \u201cthe sanitation systems in a large part of these establishments weren\u2019t designed appropriately.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But B Laban owner and founder Moamen Adel begged to differ<\/strong>, telling Al Hekayah\u2019s Amr Adib that \u201cwhat happened was odd and sudden \u2014 all of our branches were closed in one day\u2026We asked what\u2019s the problem, we were not notified of any violations\u201d (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=HIfjW0lz20E&ab_channel=%D8%A7%D9%84%D8%AD%D9%83%D8%A7%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">watch, runtime: 52:33<\/a>). Adel also stressed that there hasn\u2019t been a single confirmed food-poisoning case.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Health Ministry says the issues went far beyond just a few branches. <\/strong>The Health Ministry said it also found unlicensed outlets, and food items of unknown origin. Lab tests of 437 samples collected from the chain revealed that some \u201cdid not conform to Egyptian quality standards,\u201d the ministry said. Health Ministry spokesperson Hossam Abdel Ghaffar also told Ala Masouleety\u2019s Ahmed Moussa that 387 citations were issued over health requirement violations or staff lacking valid health certificates (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=msfCkjulVsY&ab_channel=SadaElbalad-%D8%B5%D8%AF%D9%89%D8%A7%D9%84%D8%A8%D9%84%D8%AF\" style=\"\" rel=\"noopener\">watch, runtime: 24:00<\/a>). Abdel Ghaffar also told Kelma Akhira\u2019s Lamees El Hadidi that not all closures were due to food-safety related issues, as the dessert chain had \u201c122 unlicensed establishments,\u201d which also faced temporary closure (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=WQ9CSDu_yX8&ab_channel=%D9%83%D9%84%D9%85%D8%A9%D8%A3%D8%AE%D9%8A%D8%B1%D8%A9%D9%85%D8%B9%D9%84%D9%85%D9%8A%D8%B3%D8%A7%D9%84%D8%AD%D8%AF%D9%8A%D8%AF%D9%8A\" style=\"\" rel=\"noopener\">watch, runtime: 15:01<\/a>).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company appealed to President Abdel Fattah El Sisi, the cabinet, and regulators<\/strong>, arguing that the closures were sudden and left it in the dark about what triggered them, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid0nid8PJBoMSTZMoxJPgqhc8aTwaLpRK6Zes2pnHJaQLXPd2ZpSBYdQTnCKLGRVP52l&id=61554331319184\" style=\"\" rel=\"noopener\">statement<\/a>. \u201cWe have not been granted clarity regarding the reasons behind these measures or the mechanisms for resolution, leaving the company and its employees in a state of total paralysis,\u201d the company said. It added that the closure is affecting some 25k workers and disrupting its operations across nine Arab countries. \u201cWhatever the doctors at the NFSA want, we will do\u2026but don\u2019t close the branches,\u201d Adel told Adib.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company now has five days to comply with a set of health and licensing <\/strong><strong>requirements for it to reopen branches<\/strong>, which resulted from a marathon 8-hour meeting yesterday with representatives from officials from the Health and Supply ministries, NFSA, local administration, and veterinary services. The corrective measures outlined by the government to reopen the dessert chain include phasing out synthetic food colorants, updating infrastructure at restaurants and factories \u2014 including ventilation windows and sewage piping \u2014 and registering unlicensed branches. Local officials also required that any outstanding license paperwork be completed for locations with open regulatory files. Ashmawy said all the conditions were \u201cstraightforward\u201d and praised the government\u2019s \u201chigh degree of cooperation\u201d in the process.<\/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\/food\/\">food<\/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\/national-food-safety-authority\/\">National Food Safety 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=\"664062\" 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=\"664062\">\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\">A MESSAGE FROM VODAFONE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/22\/vodafone-egypt-becomes-the-first-telecom-operator-to-match-100-of-its-electricity-with-renewable-sources-driving-sustainable-change-in-the-telecom-industry\/\">\r\n                            Vodafone Egypt becomes the first telecom operator to match 100% of 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data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1260.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1260.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-664062\" class=\"content-area-description single-story post-664062 post type-post status-publish format-standard has-post-thumbnail hentry category-a-message-from-vodafone tag-a-message-from-vodafone tag-enterpriseam tag-vodafone-egypt 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\/.662f6a21-7eda-4ee5-b58d-5d0b9f944508.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">As we celebrate Earth Day, it's the right time to reflect on the steps we are taking to protect our planet. At Vodafone Egypt, we know the path to <strong>net-zero carbon emissions<\/strong> is complex, but we are committed to navigating it through a clear, practical roadmap<strong> by 2035<\/strong>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Significantly reducing our reliance on diesel-powered generators, deploying energy-efficient technologies, and integrating renewable energy directly into network infrastructure are all steps that can make a meaningful difference.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">A major cornerstone of our commitment to relying on clean renewable energy is our long-term power purchase agreement (PPA) with the New and Renewable Energy Authority (NREA). The PPA agreement has enabled us to match 78% of our electricity consumption with renewable sources, with the remainder covered through direct and indirect sources. This achievement means we have met our <strong>2025 goal of matching 100% of our electricity consumption with renewable sources<\/strong>, in addition to recording an overall energy usage consumption reduction of 12 GWh in FY 2025 compared to a 4.5 GWh decrease in the previous year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">On this note, I am proud to announce that our renewable electricity milestone, coupled with several other initiatives we have spearheaded this year, have <strong>resulted in a 68% year-on-year reduction in scope 1 & 2 emissions.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">One of our most recent and more promising innovations in this space is <strong>the integration of <\/strong><strong>solar energy directly into telecom site structures<\/strong>. In collaboration with Ashmand, Vodafone Egypt recently deployed a solar cladding solution on an access site structure \u2013 the first of its kind globally. The approach uses lightweight, flexible solar panels, which are 30% lighter than conventional models, integrated within a customized civil structure. This allows for 12 stacked panels to be installed on the palm tree body, an existing telecom site design. This new solution has expanded the number of telecom sites which can be converted to rely on solar energy, expanding our potential solar footprint nationwide.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The benefits of solar cladding are plentiful.<\/strong> Beyond increasing our renewable energy generation to 3.2 kWh, we have observed a <strong>40% decrease in civil construction costs and an approximate 50% reduction in installation time<\/strong>, all while maintaining minimal impact on structural loads. This solution demonstrates how integrating renewable energy can also streamline infrastructure deployment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The path to net-zero emissions is one that all telecom operators will need to take<\/strong>. However, it is not something we can do in isolation. To achieve sustainability at scale, collaboration between telecom operators, technology providers, and policymakers is needed now more than ever.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">The question is not whether the industry will transform, but how quickly and effectively we can make it happen. At Vodafone Egypt, we are committed to leading the way.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Catalin Buliga, Chief Technology Officer (CTO) at Vodafone Egypt<\/strong><\/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\/a-message-from-vodafone\/\">A MESSAGE FROM VODAFONE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vodafone-egypt\/\">Vodafone Egypt<\/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=\"664064\" 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=\"664064\">\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\">IPO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/22\/saudi-owned-rakhaa-wants-to-go-public-on-egx-with-30-stake\/\">\r\n                            Saudi-owned Rakhaa wants to go public on EGX with 30% stake                        <\/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        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            <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/22\/saudi-owned-rakhaa-wants-to-go-public-on-egx-with-30-stake\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1410.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"664065\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/22\/saudi-owned-rakhaa-wants-to-go-public-on-egx-with-30-stake\/1410-jpg-20\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1410.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1410.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1410.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1410.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-664064\" class=\"content-area-description single-story post-664064 post type-post status-publish format-standard has-post-thumbnail hentry category-ipo-watch tag-capital-markets tag-egx tag-enterpriseam tag-ipo-watch tag-mena-ipos 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\/.0552b8f6-9597-4bbd-8126-563e46e24f74.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Saudi-owned agribusiness and Alkhorayef Group subsidiary Rakhaa for <\/strong><strong>Agricultural Investment and Development is planning to list 30% of its shares on the EGX<\/strong> in a secondary offering in 2H 2025, Alkhorayef\u2019s Managing Director Abdullah Alkhorayef told Cairo Weekend\u2019s Zeina Soufan (<a target=\"_blank\" href=\"https:\/\/now.asharq.com\/clips\/1765030\/%D8%B2%D9%8A%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D9%88%D9%81%D8%AF-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A-%D9%84%D9%85%D8%B5%D8%B1-%D8%AA%D8%B9%D8%B2%D9%8A%D8%B2-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A-%D9%88%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A\/\" style=\"\" rel=\"noopener\">watch, runtime: 16:00<\/a>). \u201cWe\u2019re fully ready for the IPO, both administratively and financially,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rakhaa has been in Egypt for 20 years <\/strong>and controls 24k feddans of land in East Oweinat, of which 10k are currently cultivated with wheat, potatoes, and sugar beet and are producing at maximum capacity, Alkhorayef said. The company reports over EGP 500 mn in annual revenues, growing at 8\u201312% per year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While the IPO won\u2019t fund new farmland, proceeds will support a vertical integration <\/strong><strong>strategy <\/strong>that includes a seed purification plant, onion drying facility, date processing factory, and cattle-fattening unit \u2014 echoing Egypt\u2019s broader push to localize food production and increase value-added exports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rakhaa\u2019s shareholder<\/strong><strong>s include major Saudi firms <\/strong>Tabuk Agricultural Development (21.61%), Al Jouf Agricultural Development (8.6%), Wafrah for Industry and Development (8.6%), and Jazan Development and Investment (21.61%), with additional undisclosed stakes held by Almarai and Alkhoraif himself.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The 2025 IPO pipeline: <\/strong>Several private companies announced plans to go public on the EGX this year, including <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6a73f472-1962-487e-81a1-e1614da9298c\/%253cmark%253evalu%253c%2Fmark%253e-plans-to-ipo-within-a-year-%2B-jordan-expansion-pushed-back\" style=\"\" rel=\"noopener\">Valu<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1cdd96d5-8ef6-4807-9451-31498a70e53f\/fedcoc-calls-for-shops-to-open,-close-later-under-new-opening-hours\" style=\"\" rel=\"noopener\">El Attal Holding<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5b2f99a4-03d4-42b1-9eb2-9c9a6f7bc2d9\/esim-services-are-months-away\" style=\"\" rel=\"noopener\">Al Ahly Group for Modern Agriculture<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0957f2c1-9347-4585-a177-3339bfcc352a\/steps-toward-launching-africa%25e2%2580%2599s-first-voluntary-carbon-market-are-gaining-traction\" style=\"\" rel=\"noopener\">Go Green for Agricultural Investment<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6342f21e-1531-4a03-875f-54c4faa3cbb1\/%253cmark%253ekorra%253c%2Fmark%253e-energi-to-offer-up-to-20%2525-of-company-in-upcoming-ipo\" style=\"\" rel=\"noopener\">Korra Energi<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/14219dce-59cd-4abf-83e6-357873712d5b\/%253cmark%253esmart%253c%2Fmark%253e-villages-to-make-its-egx-debut-in-an-ipo-next-year\" style=\"\" rel=\"noopener\">Smart Village<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0410565f-2df4-43e1-848d-263a4719dd75\/al-ahly-sabbour-plans-to-offer-up-to-a-25%2525-stake-on-the-egx\" style=\"\" rel=\"noopener\">Al Ahly Sabbour<\/a>. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mena-ipos\/\">MENA IPOs<\/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=\"664066 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=\"664066\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/22\/664066\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-664066\" class=\"content-area-description single-story post-664066 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.instagram.com\/reel\/DHs9VNZtJeS\/\" 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=\"664067\" 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=\"664067\">\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\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/22\/the-international-press-gears-up-for-the-official-opening-of-the-grand-egyptian-museum\/\">\r\n                            The international press gears up for the official opening of Egypt\u2019s Grand Egyptian Museum                        <\/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\/22\/the-international-press-gears-up-for-the-official-opening-of-the-grand-egyptian-museum\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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              <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1083.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"664068\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/22\/the-international-press-gears-up-for-the-official-opening-of-the-grand-egyptian-museum\/1083-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1083.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1083.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1083.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1083.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-664067\" class=\"content-area-description single-story post-664067 post type-post status-publish format-standard has-post-thumbnail hentry category-egypt-in-the-news tag-enterpriseam tag-grand-egyptian-museum tag-tourism 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\/.16b25ce8-a94f-4521-b040-8f0430c00d5c.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>\u201cThere is<\/strong><strong> perhaps no institution on earth whose opening has been as wildly anticipated, <\/strong><strong>or as mind-bogglingly delayed, as the Grand Egyptian Museum<\/strong>,\u201d the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/04\/16\/travel\/grand-egyptian-museum-open-cairo.html\" style=\"\" rel=\"noopener\">New York Times<\/a> noted in a photo essay in its travel pages. Ahead of the museum\u2019s official (and full) opening on 3 July, the paper noted \u2014 to the delight of the Tourism Ministry \u2014 that \u201ceven the museum\u2019s incomplete offerings [before the grand opening] \u2014 along with the building itself and its [bn-USD] views \u2014 are staggering.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good press around the Grand Egyptian Museum is what we like to hear<\/strong>, with the USD bn+ project being an important part of the state\u2019s plan 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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WHILE IN LESS WELCOME TOURISM NEWS- Environmental groups are raising alarm <\/strong><strong>over plans to develop Ras Hankorab <\/strong><strong>on the Red Sea<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/egypts-tourism-push-puts-pristine-red-sea-beach-risk-say-environmentalists-2025-04-15\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The currently fenced-off beach, located 90 minutes from Marsa Alam International Airport, could soon be home to dozens of tourist huts and a restaurant that conservationists say could damage one of Egypt's last untouched marine habitats.<\/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\/grand-egyptian-museum\/\">Grand Egyptian Museum<\/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> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"664069\" 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=\"664069\">\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\/22\/chevron-makes-its-red-sea-exit-official-plus-saudi-gold-refinery-raya-holding-ora-developers-microsoft\/\">\r\n                            Chevron makes its Red Sea exit official. PLUS: Saudi Gold Refinery, Raya Holding, Ora Developers, Microsoft                        <\/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\/22\/chevron-makes-its-red-sea-exit-official-plus-saudi-gold-refinery-raya-holding-ora-developers-microsoft\/\" 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\/22\/chevron-makes-its-red-sea-exit-official-plus-saudi-gold-refinery-raya-holding-ora-developers-microsoft\/')\">\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\/22\/chevron-makes-its-red-sea-exit-official-plus-saudi-gold-refinery-raya-holding-ora-developers-microsoft\/\">\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=Chevron makes its Red Sea exit official. PLUS: Saudi Gold Refinery, Raya Holding, Ora Developers, Microsoft&url=https:\/\/enterpriseam.com\/egypt\/2025\/04\/22\/chevron-makes-its-red-sea-exit-official-plus-saudi-gold-refinery-raya-holding-ora-developers-microsoft\/\">\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\/22\/chevron-makes-its-red-sea-exit-official-plus-saudi-gold-refinery-raya-holding-ora-developers-microsoft\/&title=Chevron makes its Red Sea exit official. PLUS: Saudi Gold Refinery, Raya Holding, Ora Developers, Microsoft\">\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=Chevron+makes+its+Red+Sea+exit+official.+PLUS%3A+Saudi+Gold+Refinery%2C+Raya+Holding%2C+Ora+Developers%2C+Microsoft+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F04%2F22%2Fchevron-makes-its-red-sea-exit-official-plus-saudi-gold-refinery-raya-holding-ora-developers-microsoft%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\/22\/chevron-makes-its-red-sea-exit-official-plus-saudi-gold-refinery-raya-holding-ora-developers-microsoft\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1470.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"664070\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/22\/chevron-makes-its-red-sea-exit-official-plus-saudi-gold-refinery-raya-holding-ora-developers-microsoft\/1470-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1470.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1470.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1470.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1470.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-664069\" class=\"content-area-description single-story post-664069 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-agriculture tag-also-on-our-radar tag-chevron tag-electricity tag-energy tag-enterpriseam tag-gold tag-infrastructure tag-microsoft tag-mining tag-oil-and-gas tag-ora-developers tag-raya-holding tag-real-estate tag-saudi-arabia tag-shalateen-mining tag-technology tag-uae 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\/.c821b532-b995-4d07-8477-d8daaefaa93e.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Chevron<\/strong><strong>\u2019s Red Sea exit is now official<\/strong>, with statements from the US energy giant and the Oil Ministry confirming that it has withdrawn from its 45% stake in Red Sea Block 1, citing the lack of energy finds, according to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/chevron-other-companies-exit-egypts-red-sea-concessions-redirect-resources-2025-04-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. The announcements follow <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/49b62e3a-921e-4865-b3c6-c8d522838c59\/%253cmark%253echevron%253c%2Fmark%253e-reportedly-exits-red-sea%25e2%2580%2599s-last-active-exploration-block.-plus:-somabay,-marakez-%2B-azza-fahmy,-orascom-development\" style=\"\" rel=\"noopener\">then-unconfirmed reports last week<\/a> that the operator of the last active exploration block in the Red Sea was pulling back.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But a Red Sea exit doesn\u2019t mean an Egypt exit<\/strong>, with both the ministry and Chevron saying that its resources will instead go towards its interests in Egypt\u2019s Mediterranean. \u201cChevron remains committed to working together with the government of Egypt and our partners to support the growth of Egypt's energy sector through our exploration programs in the Mediterranean,\u201d the newswire quotes Chevron Spokesperson Sally Jones as saying.<\/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\">TECHNOLOGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The CIT Ministry inked a MoU with Microsoft Egypt to train 100k youth and public sector <\/strong><strong>employees on artificial intelligence<\/strong> as part of second edition of the government\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/877cb7b5-3875-4625-921c-4de91a299113\/\" style=\"\" rel=\"noopener\">National Artificial Intelligence Strategy<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0iwsoVpjRWRQqAfZurahbZC2EwZBZTgNaRgSmVTbTdT1XHmrmqEyXcBf9faFiQVkZl\" style=\"\" rel=\"noopener\">ministry statement<\/a>. The partnership aims to support Egypt\u2019s digital transformation and advance responsible AI use, with Microsoft providing tailored content and practical training paths to targeted cohorts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agreement also includes AI governance support <\/strong>and consultations on AI-driven solutions in key government sectors. Microsoft will help identify sector-specific use cases, co-organize workshops, and advise on policy frameworks aligned with the <a target=\"_blank\" href=\"https:\/\/aicm.ai.gov.eg\/en\/Resources\/EgyptianCharterForResponsibleAIEnglish-v1.0.pdf\" style=\"\" rel=\"noopener\">Egyptian Charter for Responsible AI<\/a>. The two sides will also cooperate on establishing a multi-stakeholder dialogue on regulatory frameworks for AI governance.<\/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\">MINING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>World <\/strong><strong>Mining Union<\/strong><strong> \u2014 a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sgr-sa.com\/\" style=\"\" rel=\"noopener\">Saudi Gold Refinery<\/a><\/strong><strong> subsidiary \u2014 is seeking a mineral <\/strong><strong>and <\/strong><strong>gold prospecting license in the Eastern Desert<\/strong> within the concession area of <a target=\"_blank\" href=\"https:\/\/smrc.com.eg\/\" style=\"\" rel=\"noopener\">Shalateen Mineral Resources Company<\/a>, the parent company\u2019s operations manager Yousif Abdulrahim told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/companies\/78769\/%D9%85%D8%B5%D9%81%D8%A7%D8%A9-%D8%A7%D9%84%D8%B0%D9%87%D8%A8-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D8%AA%D8%B7%D9%84%D8%B9-%D9%84%D9%84%D8%AA%D9%86%D9%82%D9%8A%D8%A8-%D8%B9%D9%86-%D8%A7%D9%84%D9%85%D8%B9%D8%A7%D8%AF%D9%86-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. Saudi Gold Refinery Group officials will visit Cairo in two weeks to discuss potential mining investments, Abdulrahim said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EXPANSION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1-<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/rayacorp.com\/\" style=\"\" rel=\"noopener\">Raya Holding<\/a><\/strong><strong> plans to launch a consumer finance company in Saudi Arabia through its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/aman.eg\/en\/home\/\" style=\"\" rel=\"noopener\">Aman Holding<\/a><\/strong>, likely via acquisition rather than establishing a new entity, Group CFO Hossam Hussein told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/04\/16\/%D8%B1%D8%A7%D9%8A%D8%A9-%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%86%D9%8F%D8%B1%D8%AC%D9%91%D8%AD-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0-%D9%84%D8%A7%D8%B7%D9%84%D8%A7%D9%82-%D8%B4%D8%B1%D9%83%D8%A9-%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%A7%D8%B3%D8%AA%D9%87%D9%84%D8%A7%D9%83%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. Raya \u2014 which already operates call centers in Saudi Arabia and Dubai \u2014 also set out a Gulf expansion strategy that involves launching new fintech companies and data centers, with a focus on Saudi Arabia, Hussein added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.oradevelopers.com\/\" style=\"\" rel=\"noopener\">Ora Developers<\/a><\/strong><strong> has opened its regional headquarters at in Dubai<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1252.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The company plans to at least triple its workforce by the end of the year from its current 94 employees, as it accelerates development of large-scale projects in the UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ORA is preparing to launch a 4.8 mn sqm beachfront development in Ghantoot<\/strong>, located between Abu Dhabi and Dubai. The company\u2019s chairman and CEO Naguib Sawiris previously said the project would require some USD 10 bn in investments, and would be completed in 10-15 years, though at the time it was estimated to be around 15 mn square meter in size. The firm is also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/bb87e72f-ef39-4876-879b-104fbeb30691\/emirates-nbd-has-escrow-services-for-real-estate%253cmark%253e-developers%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">building a family luxury community<\/a> with US operator Discovery Land Company with a private 18-hole golf course, we reported previously. <\/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\">AGRICULTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Finance Ministry will disburse EGP 3 bn next week to settle overdue payments owed <\/strong><strong>to cotton farmers<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/%D8%AE%D9%84%D8%A7%D9%84-%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D8%A7%D9%84%D9%8A%D9%88%D9%85%D9%88%D8%B2%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AF%D8%AF-3-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D9%86%D9%8A%D9%87-%D8%A7%D9%84%D8%A3%D8%B3%D8%A8%D9%88%D8%B9-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84-%D8%A8\/1203839418453143\/\" style=\"\" rel=\"noopener\">cabinet statement<\/a>. The funds will cover the remainder of the value of cotton delivered by farmers to the state earlier this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> A high guaranteed price of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b17502df-06f2-4b2c-aa6c-6e5a7501bfff\/this%253cmark%253e-cotton%253c%2Fmark%253e-trading-season-was-a-wild-ride-%25e2%2580%2594-here%25e2%2580%2599s-what-went-down\" style=\"\" rel=\"noopener\">EGP 10-12k per quintar<\/a> for the season \u2014 up 112% on the previous season \u2014 put prices out of step with global rates, which pushed private sector buyers out of the market. Private companies ended up skipping five out of eight state-held auctions this season, leaving the government on the hook for large volumes it hadn\u2019t budgeted for.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/chevron\/\">Chevron<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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        <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/shalateen-mining\/\">Shalateen Mining<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/uae\/\">UAE<\/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=\"664071\" 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=\"664071\">\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\/22\/chinas-rare-metals-restrictions-threaten-car-manufacturers\/\">\r\n                            China's rare metals restrictions threaten car manufacturers                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1332.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"664072\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/22\/chinas-rare-metals-restrictions-threaten-car-manufacturers\/1332-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1332.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1332.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1332.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1332.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-664071\" class=\"content-area-description single-story post-664071 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam tag-financial-markets tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.fcb4130f-7c0d-45fe-b790-c06981d2365f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>China\u2019s export restrictions on rare earth metals could trigger disruptions for <\/strong><strong>manufacturers of electric vehicles within a few months<\/strong>, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/b8269eff-b60a-435f-8e85-43f9fa36f9c2\" style=\"\" rel=\"noopener\">Financial Times<\/a> reports. The full impact of these latest controls is still unclear, but carmakers are already raising concerns based on current stockpiles.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s happening? <\/strong>The new controls now encompass seven heavy and medium rare earths, such as dysprosium, terbium, and samarium, vital for manufacturing electric vehicles and wind turbines. These controls expand on measures that have been implemented by China since 2023 in response to US restrictions on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/2b79af07-12dd-4d43-84cd-afd22a2aa6fb\/the-us-is-trying-to-curb%253cmark%253e-china%253c%2Fmark%253e%25e2%2580%2599s-chipmaking-industry.-western-companies-are-paying-the-price.\" style=\"\" rel=\"noopener\">chip technology<\/a>, requiring exporters to obtain licenses for each overseas shipment and banning re-exports to the US. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new controls came after US President Trump <\/strong><strong><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\">launched a probe<\/a><\/strong><strong> into mineral and <\/strong><strong>product imports last week<\/strong>, to assess the need for higher tariffs. Findings are due within 180 days, which could override the tariffs imposed last month.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beijing\u2019s strategy: <\/strong>The expanded measures are understood to be a response to the 145% <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/a5d65f85-d7b8-4abe-ac75-282e08d7e86b\/%253c%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253echina%253cmark%253e%253c%2Fmark%253e%253c%2F%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253ebraces%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efor%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ea%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efight%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eto%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ethe%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eend%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253eagainst%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eus%253cmark%253e%253c%2Fmark%253e%253c%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e%253cmark%253e%253c%2Fmark%253e%253cmark%253e%253c%2Fmark%253etariffs%253cmark%253e%253c%2Fmark%253e%253c%2F%253cmark%253e%253c%2Fmark%253emark%253cmark%253e%253c%2Fmark%253e%253e\" style=\"\" rel=\"noopener\">tariff hike<\/a> levied by the Trump administration on Chinese goods, in a bid to pressure US companies to lobby Washington into changing tariff policies, an unnamed senior automotive executive told the financial publication.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The implications could be severe: <\/strong>EV automakers were caught off guard, with suppliers holding only 2-3 months\u2019 worth of magnets, causing \u201cgenuine problems\u201d in the automotive supply chain, said Jan Giese, Frankfurt-based Tradiu\u2019s Senior Manager for Minor Metals and Rare Earth Elements. An unnamed Japanese government official echoed the same concern, telling the salmon-colored paper that there\u2019s not enough time to establish alternative supply chains before current stockpiles are exhausted.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cIt\u2019s really kind of tough all the way around,\u201d <\/strong>S&amp;P Global auto analyst Stephanie Brinley told Politico's <a target=\"_blank\" href=\"https:\/\/www.eenews.net\/articles\/how-a-trade-war-could-move-american-evs-out-of-reach\/\" style=\"\" rel=\"noopener\">E&amp;E News<\/a>. The projected 700k drop in US car sales this year makes it comparable to the tough markets of the 2009 recession and the 2020 pandemic, Brinely said.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>China holds a near monopoly on heavy rare earths processing, and the imposed export controls cover medium and heavy rare earths \u2014 materials that are difficult and costly to extract, both financially and environmentally \u2014 Giese told the Financial Times.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Breaking the monopoly: <\/strong>Japan and other nations are pinning hopes on Australia\u2019s <a target=\"_blank\" href=\"https:\/\/lynasrareearths.com\/\" style=\"\" rel=\"noopener\">Lynas<\/a>, as the rare earth mining company is set to expand its Malaysian processing site to produce dysprosium and terbium by mid-2025.<\/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 slightly inching down this morning<\/strong>, affected by Wall Street losses after Trump\u2019s attacks on the Fed. Hong Kong\u2019s Hang Send is down 0.6%, while Japan\u2019s Nikkei is down 0.1%, and Shanghai Composite is slightly up 0.2%. <strong>Meanwhile, US futures are on the rise<\/strong>, signalling potential recovery when markets open.<\/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\">31,063<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +4.5%)<\/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>USD (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 51.05<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 51.19<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CIB<\/strong><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 51.06<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 51.16<\/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>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\">25.0% 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\">26.0% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,549<\/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: -4.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">9272<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: -1.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5104<\/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: -1.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5158<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.4% (YTD: -12.3%)<\/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>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\">8276<\/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\">0.00% (YTD: +2.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">4935<\/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: +0.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 66.26<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.5%<\/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>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 3.04<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-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 3442.90<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 87,101.60<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.7% (YTD: -7.0%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div><p class=\"tag-border-left\">THE CLOSING BELL-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 rose 0.1% at Thursday\u2019s close <\/strong>on turnover of EGP 3.1 bn (30.5% below the 90-day average). Regional investors were the sole net buyers. The index is up 4.5% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>GB Corp (+2.9%), Orascom Development (+1.3%), and CIB (+0.9%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Ibnsina Pharma (-3.1%), Fawry (-2.1%), and Juhayna (-1.2%). <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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 vertical-section wide-section going-green wp-block-group issue-section\" id=\"664073\">\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\/27465.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into the green economy and ESG issue in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27483.png?ssl=1\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Tuesday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/goinggreen\/\">\r\n                            Read going Green                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">10<\/div>\r\n\r\n                        <p class=\"f-graphik\">Going Green<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/checking-in-on-the-green-economy-financing-facility-program-in-egypt\/\">\r\n                            Checking in on the Green Economy Financing Facility program in Egypt<\/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\/goinggreens\/checking-in-on-the-green-economy-financing-facility-program-in-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" 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wp-post-image\" alt=\"\" sizes=\"(max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"664074\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/checking-in-on-the-green-economy-financing-facility-program-in-egypt\/1356-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1356.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1356.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1356.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1356.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-664073\" class=\"content-area-description post-664073 goinggreen type-goinggreen status-publish has-post-thumbnail hentry category-going-green tag-afd tag-alexbank tag-arab-african-international-bank tag-damfi tag-ebrd tag-energy tag-enterpriseam tag-eu tag-european-investment-bank tag-giza-spinning-and-weaving tag-going-green tag-green-economy-financing-facility tag-nbk-egypt tag-qnb tag-renewables tag-solarizegypt wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>GEFF wraps up its first iteration:<\/strong> The European Bank for Reconstruction and Development (EBRD) and its partners \u2013 the European Union, the European Investment Bank (EIB) and the Agence Francaise de Developpement (AFD) \u2013 have wrapped up the first phase of the Green Economy Financing Facility (GEFF) in Egypt, and are now moving forward with the second and third phases of the program, as announced at an event attended by EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> GEFF Egypt was launched in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6233510c-5cd3-4d5a-a004-908a77ee0035\/\" style=\"\" rel=\"noopener\">2017<\/a> to fast-track the green transition by offering concessional green finance and technical support to the private sector. Under the program, the EBRD channels funding through local partner banks to support energy efficiency, renewables, and climate-resilient technologies in businesses and households. The facility is supported by the EU, EIB, AFD, and the Green Climate Fund.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What has GEFF achieved so far?<\/strong> Since its launch, the program has disbursed some USD 154 mn in financing to four partner banks \u2014 National Bank of Kuwait (NBK Egypt), Qatar National Bank (QNB), Bank of Alexandria (AlexBank), and the Arab African International Bank (AAIB) \u2014 for on-lending to private sector players. These funds helped finance 130 projects worth a combined USD 184 mn, covering 15 economic sectors across 18 governorates.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>The four banks helped deliver a combined USD 125 mn in green loans, with NBK Egypt and Alex Bank delivering USD 30 mn, AAIB with USD 25 mn, and QNB with USD 40 mn in an effort to help push forward Egypt\u2019s green transition. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The environmental impact: <\/strong>The environmental impact of the GEFF program has been significant, as it led to annual energy savings of around 1.2k GWh which is enough to power more than 100k urban homes. The initiative also cut CO2 emissions by around 288k tons per year, which is equivalent to planting 4.8 mn trees. The supported projects span a wide range of green investments, including industrial equipment upgrades, rooftop solar installations, the use of sustainable building materials, and water-saving technologies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>El Gouna as a success story:<\/strong> Orascom and SolarizEgypt signed an <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/home\/news-and-events\/news\/2025\/ebrd-and-eu-help-provide-clean-power-to-egyptian-tourism-hotspot.html\" style=\"\" rel=\"noopener\">agreement<\/a>, supported by GEFF, to build a solar plant that will supply clean energy to the Red Sea town El Gouna for the next 25 years. The project cut electricity costs by 12% and reduced emissions by 8.4k tons annually.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Damfi is also worth noting:<\/strong> Food manufacturer <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/home\/news-and-events\/news\/2025\/ebrd-and-eu-boost-innovation-in-egypt-s-food-industry-.html\" style=\"\" rel=\"noopener\">Dough & More Food Industries<\/a> (Damfi) also benefited from GEFF support, as it invested in a combined cooling, heating, and power system that reuses energy. This resulted in annual energy savings of USD 482k, improved product quality, and a nearly 5k ton annual cut in CO2 emissions, all of which boosted the company\u2019s growth potential.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other companies going green: <\/strong><a target=\"_blank\" href=\"https:\/\/ebrdgeff.com\/egypt-bm\/projects\/giza-spinning-becomes-more-energy-efficient-with-22-new-spinning-and-weaving-machines\/\" style=\"\" rel=\"noopener\">Giza Spinning<\/a> and <a target=\"_blank\" href=\"https:\/\/ebrdgeff.com\/egypt\/projects\/insutech-modernizing-xps\/\" style=\"\" rel=\"noopener\">Insutech<\/a> are two examples of private sector players using GEFF support to cut energy use and grow. Giza Spinning replaced 22 old machines with new energy-saving ones, cutting its electricity use by 20% and reducing emissions by over 2.5k tons a year, while also boosting production. Meanwhile, Insutech upgraded its foam production line to a more efficient one, saving energy by 36% and cutting CO2 emissions by nearly 2.6k tons annually. The new line also increased output and created new jobs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not only about funding: <\/strong>The program also prioritized the technical assistance aspect and EU-funded financial incentives, helping businesses identify and adopt high-performing green technologies. MSMEs and households were among the key beneficiaries, supported in adopting efficient and renewable solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>The second phase of GEFF is already underway, with USD 175.5 mn earmarked for further green projects, and a third phase in the pipeline. The next phases will expand support for rooftop solar, adaptation tech, and small-scale renewables under 5 MW, while continuing to strengthen Egypt\u2019s green finance ecosystem.<\/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\/afd\/\">AFD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/alexbank\/\">Alexbank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-african-international-bank\/\">Arab African International Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/damfi\/\">Damfi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/european-investment-bank\/\">European Investment Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/giza-spinning-and-weaving\/\">Giza Spinning and Weaving<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/going-green\/\">going green<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-economy-financing-facility\/\">Green Economy Financing Facility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nbk-egypt\/\">NBK Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qnb\/\">QNB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/solarizegypt\/\">SolarizEgypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"664075\" 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\/22\/664075\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-664075\" class=\"content-area-description single-story post-664075 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>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 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>CBE cut rates | B Laban reopens in KSA | Saudi\u2019s Rakhaa eyes EGX IPO | Chevron makes Red Sea exit official<\/p>\n","protected":false},"featured_media":664051,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-664050","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"5040fe66-f563-4670-94d1-d6f1f146d717","teaser":"CBE cut rates | B Laban reopens in KSA | Saudi\u2019s Rakhaa eyes EGX IPO | Chevron makes Red Sea exit official","photo_url":"https:\/\/ent.news\/2025\/4\/1368.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gov\u2019t to replace long list of fees, charges with single unified additional net income tax - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, 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