{"id":668557,"date":"2025-07-17T00:00:00","date_gmt":"2025-07-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=668557"},"modified":"2025-12-18T06:40:10","modified_gmt":"2025-12-18T06:40:10","slug":"highlights-from-the-imfs-fourth-loan-review","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/highlights-from-the-imfs-fourth-loan-review\/","title":{"rendered":"Highlights from the IMF\u2019s fourth loan review"},"content":{"rendered":"<section id=\"668559\" 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=\"668559\">\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\/07\/17\/fourth-floating-regasification-plant-incoming\/\">\r\n                            Fourth floating regasification plant incoming                        <\/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\/07\/17\/fourth-floating-regasification-plant-incoming\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/fourth-floating-regasification-plant-incoming\/1130-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1130.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1130.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1130.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1130.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-668559\" class=\"content-area-description single-story post-668559 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseam tag-oil-and-gas tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.61e62cb6-a170-4469-8bca-b0d1a1df25cb.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s one of those mixed-news days for folks who like to invest in \u2014 or watch \u2014 markets<\/strong>, and for a change, the ugly news is on the other side of the Atlantic Ocean.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>THE GOOD- Retail investors flocked to Bonyan\u2019s EGX offering<\/strong>, with the retail tranche of the IPO 33.7x oversubscribed at close yesterday, mirroring oversubscription by institutions earlier this week, a source close to the transaction tells us. The company offered 20-21.9% of its shares. The real estate investment firm is expected to make its EGX debut next Tuesday, 22 July, the source said.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bonyan priced its IPO at the lower end of its range \u2014 EGP 4.96 per share, suggesting <\/strong><strong>plenty of upside for buyers<\/strong> given the independent financial advisor said a fair value looks more like <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e3d09dad-7cef-4305-9c6e-c1f7905a562f\/bonyan-could-make-its-egx-debut-before-end-of-july\" style=\"\" rel=\"noopener\">EGP 7.52<\/a>. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>CI Capital and Arqaam Capital are quarterbacking the transaction, while Mubasher is the offering agent. Matouk Bassiouny &amp; Hennawy are serving as counsel, Baker Tilly did duties as independent financial advisor, and PwC is the auditor of record.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>THE UGLY- Donald Trump rattled markets and sent the greenback down nearly 1% for a <\/strong><strong>time yesterday as he stepped up <\/strong><strong>his campaign against Federal Reserve chair Jay Powell. <\/strong>US media reported that the US president had earlier this week brandished a letter firing Powell and asked the lawmakers he was meeting with whether he should send it. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> Trump has waged a blunt campaign against Powell for months now, pressuring him to cut interest rates and suggesting he\u2019s open to firing Powell if the chairman doesn\u2019t come to heel. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where things stand now: <\/strong>\u201cWe\u2019re not planning on doing anything,\u201d Trump said overnight. \u201cI don\u2019t rule out anything, but I think it\u2019s highly unlikely, unless he has to leave for fraud, and it\u2019s possible there\u2019s fraud.\u201d<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wait, fraud? Powell? <\/strong>The guy\u2019s a straight-shooter\u2019s straight-shooter, but that hasn\u2019t stopped Republicans from trying to trump-up (pun intended) charges against him. Trump\u2019s winged monkeys are angling to use an over-budget, USD 2.5 bn project to renovate the Fed\u2019s HQ against Powell. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WHY IT MATTERS- The news raised fresh doubts about whether the Fed would, under the <\/strong><strong>next Trump-appointed Fed boss, continue to set monetary policy independent of political interference.<\/strong> It's not a stretch to say the independence of the Fed is one of the cornerstones of the global financial system. An independent Fed can make politically unpopular decisions \u2014 to, say, control inflation \u2014 without pressure from elected officials seeking short-term gains in popularity. Over the long term, an independent Fed is better able to deliver price stability and drive economic growth \u2014 that\u2019s fundamentally what preserves confidence in both US financial markets and the greenback: global investors know that (today, at least) monetary policy is being set for economic reasons, not political ones. <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/central-banking\/trump-central-bank-political-pressure-powell-investors-9798c6a8\" style=\"\" rel=\"noopener\">Go deeper with the Wall Street Journal here<\/a>.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Can Trump really fire Powell?<\/strong> Maybe. A law on the books since 1913 gives the president the power to fire the Fed chairman, but only for \u201ccause\u201d \u2014 and what constitutes \u201ccause\u201d is largely undefined. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re going to cross the Rubicon one sooner or later: <\/strong>Powell\u2019s term is up in May 2026.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Go deeper:<\/strong> The news is all over global front pages this morning, with each of the following outlets running multiple stories and explainers: <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/federal-reserve-building-renovations-trump-powell-70cfb70f2c09105c2a144179d5d92e69\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/whats-known-about-whether-trump-can-fire-powell-fed-2025-04-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-16\/trump-now-says-firing-powell-unlikely-whipsawing-markets\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/47f3fc7d-7952-456e-b64a-a05304d912d0\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/central-banking\/federal-reserve-reonovations-oust-jerome-powell-6bdf82c8\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a>. <\/p><p class=\"tag-border-left\">PSA- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The good news \/ bad news rhythm continues<\/strong> with this morning\u2019s public service announcements:<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>GOOD NEWS- <\/strong><strong>We\u2019re in for a four-day workweek:<\/strong> Prime Minister Moustafa Madbouly <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid09esWupnqx3HNXkpwhDp9SimJNCv5QGKdcznMez1wYnuFU7b9C1iwSNPVADvvojrJl\" style=\"\" rel=\"noopener\">announced<\/a> Thursday, 24 July as a holiday for the public sector in observance of the 23 July Revolution. We\u2019ll be on the lookout for similar statements from the Labor Ministry, EGX, and central bank.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>As has been the case every day this week, it\u2019s another scorching hot day in Cairo, with a high of 39\u00b0C and a low of 28\u00b0C, according to our favorite weather app.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a little cooler in Alexandria<\/strong>, with a high of 33\u00b0C and a low of 23\u00b0C.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>BAD NEWS- That\u2019s a wrap on Lamees El Hadidi\u2019s Kelma Akhira. <\/strong>One of the nation\u2019s most influential talking heads will be departing from ON TV \u2014 her five-year run with United Media Services ended after both sides agreed not to renew their contract, the company said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/story.php?story_fbid=1170346748452422&amp;id=100064313220659&amp;rdid=k9rStGHvRLLIoozn#\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where to next? <\/strong>El Hadidi gave no indication of where we can catch her next, but we\u2019ll be paying extra attention to her socials in the weeks to come as we wait for an announcement. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Of all the nation\u2019s talking heads, Lamees is the smartest (and most sympathetic to the <\/strong><strong>private sector) <\/strong>on anything involving business and the economy. We\u2019re reaching out to ask her what\u2019s next and we\u2019ll report back and soon as we\u2019ve had a chat.<\/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\"><strong>#<\/strong><strong>1- Fourth floating regasification plant incoming:<\/strong> US-based energy infrastructure company <a target=\"_blank\" href=\"https:\/\/ir.newfortressenergy.com\/\" style=\"\" rel=\"noopener\">New Fortress Energy<\/a><a target=\"_blank\" href=\"https:\/\/ir.newfortressenergy.com\/\" style=\"\" rel=\"noopener\">(NFE)<\/a> has deployed the Energos Winter floating storage and regasification unit (FSRU) following a five-year charter agreement with the Egyptian Natural Gas Holding Company (EGAS), according to a <a target=\"_blank\" href=\"https:\/\/ir.newfortressenergy.com\/news-releases\/news-release-details\/new-fortress-energy-executes-5-year-charter-energos-winter\" style=\"\" rel=\"noopener\">press release<\/a>. The FRSU will join NFE\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d544ddd0-fb71-4b90-b5f8-01d49c2c7b83\" style=\"\" rel=\"noopener\">Energos Eskimo<\/a> in Damietta in August. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The more the merrier: <\/strong>Egypt\u2019s two recently-acquired FSRUs <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c151113f-bdc7-486c-9452-38eea7f5274d\" style=\"\" rel=\"noopener\">began operations<\/a> sequentially yesterday after their connection to the national grid was previously delayed.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/404fd95b-9ec8-419c-b0ad-3acf17c3aeb3\" style=\"\" rel=\"noopener\">450 mcf\/d Energos Winter<\/a> will be stationed at Damietta\u2019s United Gas Derivatives Company berth and will bring Egypt\u2019s total FSRU-based capacity to 2.7 bcf\/d.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As more FSRUs make their way to Egypt, our reliance on diesel and gasoil has been <\/strong><strong>climbing<\/strong>, with imports rising 65% yo-y to 370k bbl\/d in the first half of July, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-16\/egypt-s-record-diesel-imports-worsen-europe-s-supply-squeeze\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports citing data from analytics firm Vortexa. The current inflows have surpassed all previous monthly records dating back to 2016, underlining the country\u2019s mounting energy pressures amid declining domestic gas output and limited LNG infrastructure.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a8e4e986-036a-4b88-94c3-8252e2240c5d\" style=\"\" rel=\"noopener\">spike<\/a> follows disruptions in regional natural gas supplies, notably the halt of pipeline deliveries from Israel, forcing us to rely more heavily on fuel oil and diesel to meet electricity needs during peak summer demand.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The market effect:<\/strong> The demand jump has pulled supplies from the Middle East and Russia toward the Mediterranean, reducing available volumes for Northwest Europe and intensifying the region\u2019s existing diesel shortage, Vortexa senior market analyst Pamela Munger told Bloomberg. <\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Wadico eyes shale production:<\/strong> The New Valley Mineral Resources and Oil Shale Company (Wadico) and global mining firm BCM Group signed an agreement for the country's first oil shale exploration and production project, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptMOP\/posts\/pfbid0fMDy86iVGFPTt7dAgr3f8egg8ydt1xsnHhSaV7mVNHZtqDFENiwEsiWHU566QzPDl?rdid=XYLuHXvN9UYdSzxv#\" style=\"\" rel=\"noopener\">statement<\/a>. No financial details or timeline were disclosed. Wadico aims to introduce oil shale as a viable alternative energy source and support its use in power generation and cement production, the statement adds.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There is much potential: <\/strong>Geological studies have shown that the Quseir-Safaga region in Egypt\u2019s Eastern Desert hosts the country\u2019s largest oil shale reserve, with an estimated <a target=\"_blank\" href=\"https:\/\/egyptoil-gas.com\/features\/oil-shale-the-forgotten-energy-source-the-forgotten-energy-source\" style=\"\" rel=\"noopener\">9 bn tons<\/a> of material. The deposits could yield some 4.5-5 bn barrels of crude oil.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- <\/strong>Wadico <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptMOP\/posts\/pfbid0LTr72aN5ZNpcGoTqvq874hXkb4Y62pGDJmnhxNgLLhNiTcD9yBUQDprAohgP2RMfl?rdid=2LDmnZ8oVPITGkCb#\" style=\"\" rel=\"noopener\">signed an MoU<\/a> with Qalaa Holding\u2019s mining arm Ascom and its subsidiary ASCOM Carbonate and Chemical Manufacturing (ACCM) to boost the value of Egypt\u2019s sand kaolin resources. Under the MoU, Wadico will provide licensing and concession areas in Ras Ghareb, while Ascom will oversee geological and mining activities, and ACCM will handle the refining of the material at its Minya facilities. <\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt5\"><\/a> <strong>#3- Cement prices fall 25%:<\/strong> Cement prices in Egypt have fallen by some 25% over the past month to around EGP 4k per ton, industry players told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/companies\/90000\/%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D8%A3%D8%B3%D9%85%D9%86%D8%AA-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D8%AA%D9%87%D8%A8%D8%B7-25-%D8%A8%D8%A7%D9%84%D9%85%D8%A6%D8%A9-%D8%A8%D8%B9%D8%AF-%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9%D8%A7%D8%AA-%D9%82%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The decline follows an agreement between manufacturers and the government to increase output in response to rising local and export demand. Prices could fall more as currently idle production lines are brought back online, head of the Cairo Chamber of Commerce\u2019s building materials division Ahmed El Zeiny told Asharq. Al Ahly Pharos\u2019 Hany Genena told the news outlet that local prices could fall further to EGP 3.3-3.5k a ton.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This follows a government push to restart idle plants:<\/strong> In early July, the government gave cement producers a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9cbac972-9580-493e-8844-b593d7006558\/cabinet-will-discuss-electricity-pricing-scenarios-this-week\" style=\"\" rel=\"noopener\">one-month deadline<\/a> to resume production, with a nationwide inspection campaign to ensure compliance. Industry players have been facing supply cuts instated by the Egyptian Competition Authority since 2021, which were introduced to help them tackle low prices, dampened demand, and supply gut.<\/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>#4- Preparing industries for CBAM: <\/strong>The industry and planning ministries are working together to prepare the industrial sector for the EU\u2019s incoming Carbon Border Adjustment Mechanism \u2014 known by its acronym CBAM. The two sides are looking to launch a new national platform to channel concessional financing and international grants toward decarbonizing the private manufacturing industry, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1283963270440757?ref=embed_post\" style=\"\" rel=\"noopener\">statement<\/a>. The platform will serve as a tool to coordinate with development partners to fund green industrial transformation projects, improve energy efficiency, and support clean production technologies in line with CBAM requirements.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>To oversee it all:<\/strong> A joint technical committee will be formed to monitor the implementation of priority projects and ensure integration between government initiatives and international financing platforms.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> CBAM, which is set to fully go into effect starting 2026, could have a considerable impact on Egypt\u2019s exports \u2014 particularly from the country\u2019s notoriously energy-intensive steel, aluminum, cement, and fertilizer industries. We have a dedicated story on how fertilizer, cement, steel, and aluminum exporters need to prepare for CBAM \u2014 check it out <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/63f69456-ee23-4b0d-ab40-cf8156033b69\" style=\"\" rel=\"noopener\">here<\/a>.<\/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 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\">THE BIG STORY ABROAD- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel ramped up its bombing campaign in Syria yesterday, attacking the m<\/strong><strong>ilitary headquarters in Damascus<\/strong> and hitting near the presidential palace in a major escalation. The attacks killed at least three people and injured more than 30. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The strikes came amid an <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/d49304fb-dde3-4ef7-adb9-bc729c32275a\/this-morning:-more-share-sales-coming-up-in-2h?-+-president-mohamed-bin-zayed-al-nahyan-heads-to-turkey-on-a-working-visit\" style=\"\" rel=\"noopener\">intensification of violence<\/a><\/strong><strong> in the southern city of Sweida<\/strong> in Syria between Druze militants, Bedouin groups, and Syrian security forces who were sent to quell the fighting. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Syrian Interior Ministry announced a ceasefire<\/strong> later in the evening, while US Secretary of State Marc Rubio said in an <a target=\"_blank\" href=\"https:\/\/x.com\/marcorubio\/status\/1945554584878911761?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1945554584878911761%7Ctwgr%5E4991ca651bb445439d32e6afc5f73118353a6195%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.reuters.com%2Fworld%2Fisrael-strikes-syrian-military-targets-2025-07-16%2F\" style=\"\" rel=\"noopener\">X post<\/a> that all parties have agreed on steps that will \u201cbring this troubling and horrifying situation to an end tonight.\u201d Syrian government forces were already moving out of Sweida last night. Several Arab countries later welcomed the news and condemned Israel's attacks on Damascus, including <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/1S1yWQmrfc\/?mibextid=wwXIfr\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/www.mofa.gov.ae\/en\/mediahub\/news\/2025\/7\/16\/16-7-2025-uae-syria\" style=\"\" rel=\"noopener\">the UAE<\/a>, and <a target=\"_blank\" href=\"https:\/\/x.com\/MofaQatar_EN\/status\/1945551681862664446?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1945551681862664446%7Ctwgr%5E4991ca651bb445439d32e6afc5f73118353a6195%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.reuters.com%2Fworld%2Fisrael-strikes-syrian-military-targets-2025-07-16%2F\" style=\"\" rel=\"noopener\">Qatar<\/a>. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story is getting a lot of ink: <\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/israel-strikes-syrian-military-targets-2025-07-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-16\/israel-steps-up-strikes-on-syria-hitting-military-headquarters?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/4305ea3a-09b6-4cef-8b04-99f1eb6106ce\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/jul\/16\/israel-strikes-syria-defence-ministry-in-third-day-of-attacks-on-the-country\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/middle-east\/israel-strikes-syria-damascus-9d3cd029?mod=hp_lead_pos8\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"668561 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=\"668561\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/668561\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-668561\" class=\"content-area-description single-story post-668561 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\/7\/251.jpg?ssl=1\"><\/a><\/span><\/p><div class=\"grouped-tags\">\n<p><span>Whether you\u2019re diving into turquoise waters, catching the golden hour from your terrace, or just letting time drift by \u2014 Somabay is summer, redefined. Your ultimate escape, every single time.<\/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=\"668562\" 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=\"668562\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/key-takeaways-from-the-imfs-fourth-loan-review\/\">\r\n                            Key takeaways from the IMF\u2019s fourth review of Egypt\u2019s USD 8 bn loan program                        <\/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\/07\/17\/key-takeaways-from-the-imfs-fourth-loan-review\/\" 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 figure is the fund\u2019s projection for our financing gap after accounting for disbursals from the Extended Fund Facility (EFF) as bridging part of the gap. Here are the takeaways from the report:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government has secured financing commitments for the next 12 months from<\/strong><strong> international partners<\/strong>, which, together with other sources of revenue, will completely close the country\u2019s financing gap, according to the report. This includes financing related to the sale of \u201cdevelopment rights or direct real estate sales to external partners of at least USD 3 bn,\u201d the IMF noted. Arab countries have also provided \u201cassurances\u201d they will maintain their deposits \u2014 collectively worth USD 18.3 bn \u2014 at the Central Bank of Egypt until the end of our EFF arrangement in October 2026, unless they are used for the purchase of equities, according to the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our external financing needs are projected to reach USD 30.4 bn during this fiscal year<\/strong>, before declining to USD 27.5 bn in the FY 2026-27. This marks an increase from the IMF\u2019s third review, when it projected our external financing needs at USD 25.9 bn for FY 2025-26 and FY 2026-27. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IMF now sees Egypt reeling in USD 26.4 bn in external financing during FY 2025-26<\/strong>, compared to USD 24.1 bn projected in its third review. External financing projections for the next fiscal year were revised down to USD 25.9 bn, down from USD 26.0 bn in the third review.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Net FDI will be the biggest contributor among external financing sources<\/strong>, which the IMF expects to reach USD 15.6 bn during the current fiscal year, before inching up to USD 16.9 bn during 2026-27. Both projections have been revised upwards from the IMF\u2019s previous review. The fund estimates that net FDI inflows recorded USD 13.2 bn in FY 2024-25, up from USD 10.8 bn in the third review. Portfolio investments, meanwhile, are anticipated to record USD 7.3 bn in the current fiscal year before falling to USD 5.0 bn in FY 2026-27. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re targeting USD 3 bn in asset sales this fiscal year: <\/strong>The government expects to receive USD 3 bn in inflows from asset sales during the current fiscal year, up from USD 600 mn last fiscal year. For FY 2026-27, the figure is expected to hit USD 2.1 bn, which is higher than those presented at the third review. This ramp-up aims to account for the shortfalls in both FY 2023-24 and FY 2024-25, \u201cto maintain the overall divestment envelope the authorities agreed at program approval,\u201d the IMF noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our sources are a little more optimistic:<\/strong> A government source <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87fa41e8-4029-47f5-8465-b57ea067222b\/gov%25e2%2580%2599t-plans-to-raise-usd-3-bn-from-asset-sales-in-fy-25-26\" style=\"\" rel=\"noopener\">told<\/a> us earlier this week that the government aims to drum up USD 5-6 bn in fresh investments by offering stakes in six companies \u2014 including Banque du Caire, Safi, and Wataneya \u2014 on the EGX before 1Q 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE MACRO PICTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>GDP growth outlook:<\/strong> Egypt\u2019s real GDP is expected to grow by 4.1% during this fiscal year, before accelerating to 4.6% growth in 2026-27, the IMF noted. The fund seems slightly less optimistic than the Madbouly government, which sees the economy growing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/067ba81c-e766-415f-b4fd-411d7fd49186\/a-look-into-the-government%25e2%2580%2599s-economic-targets-for-the-next-four-fiscal-years\" style=\"\" rel=\"noopener\">4.5% in FY 2025-26<\/a>, before rising further to 5.0% in FY 2026-27. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Inflation outlook:<\/strong> The IMF sees inflation in Egypt reaching 15.3% on average during FY 2025-26, before cooling down to 10.7% on average in the upcoming fiscal year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The targeted primary surplus for the current fiscal year has been revised down to 4% of GD<\/strong><strong>P<\/strong>, which is 0.5% of GDP less than initially committed in the program. However, for FY 2026-27, the primary surplus is projected to increase to 5% of GDP, bringing it in line with prior program commitments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>E<\/strong><strong>xternal debt forecasts:<\/strong> Egypt\u2019s external debt is projected to record 46.6% of GDP, reaching USD 180.6 bn during FY 2025-26, before falling to 43.3% of GDP, hitting USD 186.6 bn in FY 2026-27. Our external debt service is expected to register USD 46.6 bn during the current fiscal year, before dropping to USD 45 bn in the upcoming fiscal year.<\/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\">OTHER TAKEAWAYS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Suez Canal receipts are expected to reach USD 6.3 bn in the current fiscal year<\/strong>, before recovering to USD 8.2 bn in FY 2026-27, bringing them back to roughly the same levels recorded during FY 2022-2023 before the disruptions in the Red Sea since December 2023, reducing foreign exchange inflows from the vital waterway by USD 6 bn in 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tourism revenues<\/strong> are also expected to recover during the current fiscal year, reaching USD 17.1 bn, before jumping to USD 19.2 bn in the FY 2026-27.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the monetary policy front, the IMF reiterated that we <\/strong><strong>still need to maintain a liberalized and fle<\/strong><strong>xible exchange rate system.<\/strong> \u201cEgypt is exposed to fundamental shocks, such as commodity price and productivity shocks, which require the use of the exchange rate as a shock absorber,\u201d the IMF noted. \u201cThe limited variability in the exchange rate despite the numerous shocks that have impacted Egypt warrants further analysis, including on interbank market dynamics to ensure that the reform is sustained,\u201d the IMF wrote, adding that \u201cthe perceived stability of the exchange rate is a source of risk in the near term, particularly with<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">respect to its impact on portfolio flows.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WHAT\u2019S NEXT- The I<\/strong><strong>MF is set to hold its combined fifth and sixth reviews of Egypt\u2019s USD 8 bn EFF ar<\/strong><strong>rangement on 15 September<\/strong>, it noted in its report. Earlier this month, the IMF <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cdb4f3fe-e1c4-4691-9c87-8360a75fc3d1\/imf-to-combine-fifth,-sixth-loan-reviews-to-give-egypt-time-to-meet-reform-targets\" style=\"\" rel=\"noopener\">decided<\/a> to combine the fifth and sixth reviews, stating that \u201cmore time is needed\u201d to make progress on the state withdrawing itself from the economy and the broader reform agenda. The seventh review is scheduled for 15 March, 2026, and the eighth review is set for 15 September, 2026.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/extended-fund-facility\/\">Extended Fund Facility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    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class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/debt-management-strategy-expected-by-year-end-imf-says\/\">\r\n                            Egypt\u2019s debt management strategy expected by year-end, IMF says                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1175.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"668566\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/debt-management-strategy-expected-by-year-end-imf-says\/1175-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1175.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1175.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1175.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1175.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-668565\" class=\"content-area-description single-story post-668565 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt tag-debt-watch tag-economy tag-enterpriseam tag-imf 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\/7\/.b7c308a3-bb61-44e7-91d4-16f09b2188bb.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>We can expect to see an updated medium-term debt management strategy before the <\/strong><strong>year is out<\/strong>, which will detail an annually updated multi-year borrowing strategy, guided by a portfolio cost and risk management framework, the IMF said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1099.pdf\" style=\"\" rel=\"noopener\">country staff report (pdf)<\/a> for the fourth review of our USD 8 bn loan program. This will also come alongside debt portfolio risk tolerance thresholds and operational targets, the IMF noted. Meanwhile, the strategy will encompass foreign and domestic debt, going through all instruments and financing sources.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> A senior government source <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/93de81f7-e533-4d53-90f3-182cbb45ccc2\/new-debt-strategy-expected-to-see-light-in-1q-fy-2025-2026\" style=\"\" rel=\"noopener\">told us<\/a> earlier this week that the new public debt strategy for 2025-2030 could be released before the current quarter wraps. The strategy, which will include social and sustainability bond issuances, was set to be rolled out at the beginning of this year. However, it was postponed due to \u201cdisruptions in the interest rates market and difficulty predicting the repercussions of previous [geopolitical] tensions on the bond market,\u201d the source told us at that time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Reforms on the way:<\/strong> As part of the plan, we\u2019re committing to implementing \u201ccomprehensive reforms along key structural and operational pillars\u201d to improve our overall public debt management. Among the reforms to expect moving forward is the creation of a unified Debt Management Office (DMO), along with broadening the domestic debt market through the introduction of new debt instruments, including retail bonds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government is aiming to launch a retail bonds market this year,<\/strong> a senior government source <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/93de81f7-e533-4d53-90f3-182cbb45ccc2\/new-debt-strategy-expected-to-see-light-in-1q-fy-2025-2026\" style=\"\" rel=\"noopener\">told<\/a> us previously. This move will allow individuals, for the first time, the option of purchasing government debt instruments and reduce the government\u2019s debt service payments. The move is pending ongoing amendments to the system governing primary traders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Potential side effects:<\/strong> These reforms may lead to a higher interest cost in the short term \u201cin favor of medium-term capital markets savings,\u201d the IMF said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Improved debt reporting:<\/strong> \u201cThe authorities plan to prepare and publish general government debt statistical bulletins and\/or reports on a recurring (quarterly), timely, comprehensive basis covering all aspects of debt and borrowing starting with a first publication focused on central government debt in April 2025, with expanded scope in November 2025 onwards,\u201d the IMF\u2019s report read. The Finance Ministry\u2019s commitment to improving its debt reporting will require incorporating data on domestic financing instruments \u2014 such as auction results, private placements and overdraft borrowing \u2014 into central and general government in the current debt reporting structure, according to the IMF.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What does Egypt aim to achieve from the debt management strategy?<\/strong> Reducing the gross financing needs (GFN) through gradually extending the issuance maturity of domestic debt through auctions. Although Egypt just missed its end-of-September indicative target, it has steadily improved \u201cthe yearly cumulative average time to maturity at issuance of government securities from 0.56 years in June 2024 to 0.84 years in September 2024,\u201d the IMF noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Public debt average maturity hit 1.8 years by the end of May 2025<\/strong>, according to our sources. This was primarily due to strong investor appetite for long-term debt instruments, a trend supported by CBE\u2019s move to put interest rates downward, our sources noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could this fast-track our return to the JPMorgan bond index? <\/strong>The move to extend the maturity of public debt instruments could accelerate Egypt\u2019s return to JPMorgan\u2019s Government Bond Index-Emerging Markets, our sources <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0f1740c4-3ea0-43be-9edc-81425527e0b4\/fresh-panda-%2B-samurai-green-bond-issuances-on-the-way\" style=\"\" rel=\"noopener\">told<\/a> us before, a target the government hopes to hit by 2026. Egypt is currently seeing significant capital inflows, making our public debt market exceptionally attractive to foreign investors due to very appealing interest rates, we were told before.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The draft public debt document will establish a practical framework for debt issuances over<\/strong><strong> five years<\/strong>, a government source told EnterpriseAM yesterday, given that there will be a quantitative breakdown of issuances for bonds, treasury bills and green bonds for the five-year period. The final draft may be subject to review by the IMF before its release, the source added.<\/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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/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=\"668567\" 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=\"668567\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/teda-egypt-to-invest-usd-100-mn-to-develop-infrastructure-on-a-plot-in-the-sokhna-industrial-zone\/\">\r\n                            Teda Egypt to invest USD 100 mn to develop infrastructure on a plot in the Sokhna Industrial Zone                        <\/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\/07\/17\/teda-egypt-to-invest-usd-100-mn-to-develop-infrastructure-on-a-plot-in-the-sokhna-industrial-zone\/\" 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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   <a href=\"https:\/\/api.whatsapp.com\/send?text=Teda+Egypt+to+invest+USD+100+mn+to+develop+infrastructure+on+a+plot+in+the+Sokhna+Industrial+Zone+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F07%2F17%2Fteda-egypt-to-invest-usd-100-mn-to-develop-infrastructure-on-a-plot-in-the-sokhna-industrial-zone%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\/07\/17\/teda-egypt-to-invest-usd-100-mn-to-develop-infrastructure-on-a-plot-in-the-sokhna-industrial-zone\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1117.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"668568\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/teda-egypt-to-invest-usd-100-mn-to-develop-infrastructure-on-a-plot-in-the-sokhna-industrial-zone\/1117-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1117.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1117.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1117.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1117.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-668567\" class=\"content-area-description single-story post-668567 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-china tag-enterpriseam tag-investment-watch tag-teda-industrial-zone 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\/7\/.8a0bc625-47bc-45c9-9474-e4beafebfeb4.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Teda Egypt will invest USD 100 mn to develop infrastructure on a 2.9 sq km industrial <\/strong><strong>plot in <\/strong><strong>the Sokhna Industrial Zone<\/strong> in partnership with the Main Development Company (MDC), according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0Wd9MCwGsCbMwKhPW6oGkEM7pZUbmDNCmWfykZ3FqSt1BbtPgNpMvorhnwoQof3zDl\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The expansion \u2014 which brings Teda\u2019s total land holding in the industrial zone to nearly<\/strong><strong> 10 sq km \u2014 is meant to help localize specific industries<\/strong> within the zone and attract more Chinese manufacturers seeking access to regional and global markets, SCZone head Walid Gamal El Din said. Teda Egypt is nearing completion of its previously allocated <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c8341f69-c9f5-4504-8470-e5d109f40c83\/china-wants-a-new-industrial-zone-in%253cmark%253e-egypt%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">7.3 sqm<\/a> Teda zone, according to the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chinese investors \u2764\ufe0f SCZone:<\/strong> SCZone attracted over USD 4 bn in Chinese investments in the past three years, Gamal El Din said. Recent additions include Sunrev Solar\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/44e4cf6b-5b7c-4a1a-b959-78e1f1040e84\/china%25e2%2580%2599s-sunrev-to-develop-usd-200-mn-solar-power-component-production-complex\" style=\"\" rel=\"noopener\">USD 200 mn<\/a> solar power component production complex and Comfily Hong Kong\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f4c9cd85-c7e8-447c-acab-4b07e1546973\/qantara-west-secures-another%253cmark%253e-chinese%253c%2Fmark%253e-factory-project,-courtesy-of-luggage-maker-comfily\" style=\"\" rel=\"noopener\">USD 20 mn<\/a> bag and luggage factory. This comes as Egypt targets <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9f97480-40c7-41be-aeff-35b619778a11\/industrial-zones-ramp-up-efforts-to-meet%253cmark%253e-chinese%253c%2Fmark%253e-demand\" style=\"\" rel=\"noopener\">USD 16 bn<\/a> in total Chinese investment over the next four years.<\/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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/teda-industrial-zone\/\">TEDA industrial zone<\/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=\"668569\" 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=\"668569\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/officials-talk-up-reform-push-investment-opportunities-at-lse-egypt-day\/\">\r\n                            Officials pitch Egypt\u2019s next phase of reform to UK investors at LSE Egypt Day                        <\/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\/07\/17\/officials-talk-up-reform-push-investment-opportunities-at-lse-egypt-day\/\" 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 three-day business mission \u2014 organized by the British Egyptian Business Association \u2014 is happening under the theme <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7347573378272145409\/\" style=\"\" rel=\"noopener\">Egypt\u2019s New Era: Investment Opportunities<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WHO\u2019S IN THE ROOM-<\/strong> The delegation included Finance Minister Ahmed Kouchouk, CBE Deputy Governor Rami Aboul Naga, Deputy Investment Minister Ghada Nour, Financial Regulatory Authority (FRA) Head Mohamed Farid, Sovereign Fund of Egypt Acting CEO Noha Khalil, among other senior officials, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02zfW1u5XYtMJiRKpCh8F9DJEJJjC3ntd2SyAzyQc9JvR9ftJDoU2i7LD8hU8oqAzwl\" style=\"\" rel=\"noopener\">FRA statement<\/a>. The officials will be spending their time in London meeting with UK business leaders and investors to present Egypt\u2019s updated regulatory, investment, and macro frameworks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is the story they\u2019re telling:<\/strong> The event comes as Egyptian officials work to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/704bf948-af18-4fd0-8abd-b7a953e49136\/could-trump-help-resolve-the-gerd-dispute%3F\" style=\"\" rel=\"noopener\">court fresh<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/704bf948-af18-4fd0-8abd-b7a953e49136\/could-trump-help-resolve-the-gerd-dispute%3F\" style=\"\" rel=\"noopener\">foreign inflows<\/a> and spotlight positive signals in the local market \u2014 a growing pipeline of offerings on the EGX, strong appetite for Egyptian debt, and a drumbeat of investment from multinationals and other international players. Officials are eyeing a new privatization wave that could bring in USD 5\u20136 bn, with Banque du Caire, Safi, and Wataniya among the potential offerings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pitching Egypt\u2019s next phase of reform:<\/strong> The delegation\u2019s agenda focused on <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02qmUz9UQSLoLmYjkBhGrTYA2hi4Yhp38fmHyYXxb6oQbmFCsQrx7AqUnk5rRGDXuBl\" style=\"\" rel=\"noopener\">outlining<\/a> the government\u2019s updated reform program \u2014 including monetary and fiscal policies, private sector empowerment, and support to boost production, industry, and exports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kouchouk pitches long-term partnerships + policy credibility:<\/strong> Kouchouk <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MOF.Egypt\/posts\/pfbid0mx7eftTRy4a6hQ9Ef7zTBvwonbowYCDx5QizJVo8HpsQ88mdpjidZnZeHmuiwJHVl\" style=\"\" rel=\"noopener\">rang the LSE bell<\/a> to kick off the day\u2019s trading and described the event as \u201ca powerful opportunity for transparent dialogue and building long-term strategic partnerships based on clarity and trust.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Farid touts regulatory upgrades to boost investor trust:<\/strong> Farid <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02H7nCKDJQQrt5E6fJ7z9P1bx8w4xW8d1Vsh9uC26DbmU4LLZUYtKrGBmpNgz9ZfYal\" style=\"\" rel=\"noopener\">stressed<\/a> the FRA\u2019s commitment to improving Egypt\u2019s non-banking financial sector. \u201cCredibility starts with local investor trust,\u201d Farid said, pointing to efforts to simplify processes, protect investor rights, digitize services, and launch new financial products. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON THE SIDELINES- <\/strong>Foreign investor interest in Egypt is picking up as global trade dynamics shift and Egypt positions itself as a regional hub, our friend Todd Wilcox, deputy chairman and CEO at HSBC Bank Egypt told Asharq Business (<a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/videos\/90309\/hsbc-%D9%8A%D8%AA%D9%88%D9%82%D8%B9-%D8%AE%D9%81%D8%B6-%D8%A7%D9%84%D9%81%D8%A7%D8%A6%D8%AF%D8%A9-300-%D9%86%D9%82%D8%B7%D8%A9-%D8%A3%D8%B3%D8%A7%D8%B3-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D9%82%D8%A8%D9%84-%D9%86%D9%87%D8%A7%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85\/\" style=\"\" rel=\"noopener\">w<\/a><a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/videos\/90309\/hsbc-%D9%8A%D8%AA%D9%88%D9%82%D8%B9-%D8%AE%D9%81%D8%B6-%D8%A7%D9%84%D9%81%D8%A7%D8%A6%D8%AF%D8%A9-300-%D9%86%D9%82%D8%B7%D8%A9-%D8%A3%D8%B3%D8%A7%D8%B3-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D9%82%D8%A8%D9%84-%D9%86%D9%87%D8%A7%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85\/\" style=\"\" rel=\"noopener\">atch, runtime<\/a><a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/videos\/90309\/hsbc-%D9%8A%D8%AA%D9%88%D9%82%D8%B9-%D8%AE%D9%81%D8%B6-%D8%A7%D9%84%D9%81%D8%A7%D8%A6%D8%AF%D8%A9-300-%D9%86%D9%82%D8%B7%D8%A9-%D8%A3%D8%B3%D8%A7%D8%B3-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D9%82%D8%A8%D9%84-%D9%86%D9%87%D8%A7%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85\/\" style=\"\" rel=\"noopener\">: 2:22<\/a>) on the sidelines of Egypt Day. \u201cWe\u2019re seeing good liquidity, a lot of multinationals and investors with interest in Egypt,\u201d Wilcox said, noting the country\u2019s large, young population and strategic geographic positioning as key draws. \u201cEgypt is stepping up onto the world stage at a time where trade routes are changing,\u201d he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>British players are interested:<\/strong> \u201cWe had a group of 20 British companies come to visit us, [in a trip] organized by the Egyptian-British Chamber of Commerce a month ago,\u201d Wilcox said, adding they were all interested in the local market and that many of those agreements are now moving forward. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HSBC believes the EGP to be stable at this stage<\/strong>, but flagged that it \u201cseems to be floating with a specific band.\u201d He also highlighted that \u201cthe currency was surprisingly resilient\u201d during the Iranian-Israeli tit-for-tat a few weeks ago. He added that inflation is cooling down and interest rates could follow, with the lender penciling in \u201canother 200\u2013300 bps cut over the next year.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Diversity is buffing up the country\u2019s economy:<\/strong> \u201cThere is no one sector that dominates \u2014 it\u2019s really a diverse and well-placed economy,\u201d Wilcox said. He singled out alternative energy and EVs as areas of growing momentum, alongside manufacturing, textile, automotive, home appliances, healthcare, and education.<\/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\/ahmed-kouchouk\/\">Ahmed Kouchouk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/london-stock-exchange\/\">London Stock Exchange<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mohamed-farid\/\">Mohamed Farid<\/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=\"668571\" 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=\"668571\">\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\">Logistics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/talabat-launches-its-largest-distribution-center-in-mena-in-yanmu\/\">\r\n                            Talabat launches its largest distribution center in MENA in Yanmu East Logistics Park                        <\/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\/07\/17\/talabat-launches-its-largest-distribution-center-in-mena-in-yanmu\/\" 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\/07\/17\/talabat-launches-its-largest-distribution-center-in-mena-in-yanmu\/')\">\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\/07\/17\/talabat-launches-its-largest-distribution-center-in-mena-in-yanmu\/\">\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=Talabat launches its largest distribution center in MENA in Yanmu&url=https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/talabat-launches-its-largest-distribution-center-in-mena-in-yanmu\/\">\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\/07\/17\/talabat-launches-its-largest-distribution-center-in-mena-in-yanmu\/&title=Talabat launches its largest distribution center in MENA in Yanmu\">\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=Talabat+launches+its+largest+distribution+center+in+MENA+in+Yanmu+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F07%2F17%2Ftalabat-launches-its-largest-distribution-center-in-mena-in-yanmu%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\/07\/17\/talabat-launches-its-largest-distribution-center-in-mena-in-yanmu\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/703.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"668572\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/talabat-launches-its-largest-distribution-center-in-mena-in-yanmu\/703-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/703.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"703.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/703.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/703.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-668571\" class=\"content-area-description single-story post-668571 post type-post status-publish format-standard has-post-thumbnail hentry category-logistics tag-enterpriseam tag-hassan-allam-utilities tag-logistics tag-talabat 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\/7\/.ab4a8718-ced3-4db3-b688-92a651a3da1d.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Talabat\u2019s grocery and retail arm Talabat Mart established a 22.4k sqm distribution center<\/strong> \u2014 its largest in the MENA region \u2014 in Yanmu East Logistics Park, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1094.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The facility \u2014 developed by our friends at Hassan Allam Utilities, alongside AP Moller Capital and Agility \u2014 will distribute up to 1.6 mn items daily and over 48 mn items per month to its distribution network \u2014 which is expected to comprise more than 60 dark stores by the end of 2025.<\/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>Leading in green: <\/strong>Yanmu East Logistics Park \u2014 a JV between Hassan Allam Utilities and Kuwait\u2019s Agility Logistics Park \u2014 secured EDGE Advanced certification for its eco-friendly, sustainable warehousing, according to a separate <a target=\"_blank\" href=\"https:\/\/yanmuparks.com\/yanmu-east-logistics-park-has-earned-edge-advanced-certification-for-its-sustainably-designed-warehouses-reinforcing-yanmus-leadership-in-egypts-green-logistics\/\" style=\"\" rel=\"noopener\">press release<\/a> published this month. Three of the park\u2019s warehouses have achieved the certification with savings of 49% in energy, 53% in water, and 59% in carbon emissions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The park\u2019s latest tenants: <\/strong>Ibnsina Pharma <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/70db6c0c-a2c6-46c3-b708-05f5e81cbed0\/ibnsina-pharma-to-set-up-a-warehouse-in%253cmark%253e-yanmu%253c%2Fmark%253e-east-logistics-park\" style=\"\" rel=\"noopener\">secured a lease<\/a> last December for 11k sqm of warehousing space in Yanmu East Logistics Park. This came weeks after Haier <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/ac242b5a-2f32-4fd9-ac6e-e08226e98930\/rail,-cargo,-aviation,-and-maritime-updates-from-egypt,-qatar,-uae,-and-morocco\" style=\"\" rel=\"noopener\">committed to leasing<\/a> 11k sqm for a warehouse at Yanmu.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Talabat\u2019s on retail growth spree: <\/strong>Talabat has been on an expansion spree in the region, which saw the company recently acquire on-demand grocery delivery marketplace Instashop from parent company Delivery Hero in a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7680b270-8c13-49b2-b2e8-5ffddff19595\" style=\"\" rel=\"noopener\">transaction valued at USD 32 mn<\/a> in March. The company also reported robust returns for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/095a797d-c8ca-4bca-8e65-2cde10f07d03\/1q-earnings-from-adnoc-l&s-and%253cmark%253e-talabat%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">1Q 2025<\/a>, recording a 24% y-o-y rise in its adjusted income to USD 99 mn. The bottomline surge was largely driven by the company\u2019s grocery and retail segments \u2014 spearheaded by Talabat Mart and Instashop, both contributing one third of gross merchandise value.<\/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\/hassan-allam-utilities\/\">Hassan Allam Utilities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/talabat\/\">Talabat<\/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=\"668573\" 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=\"668573\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/nile-plastic-recycling-is-investing-usd-15-mn-in-sokhna-expansion\/\">\r\n                            Nile Plastic Recycling is investing USD 15 mn in Sokhna expansion                        <\/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\/07\/17\/nile-plastic-recycling-is-investing-usd-15-mn-in-sokhna-expansion\/\" 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\/07\/17\/nile-plastic-recycling-is-investing-usd-15-mn-in-sokhna-expansion\/')\">\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\/07\/17\/nile-plastic-recycling-is-investing-usd-15-mn-in-sokhna-expansion\/\">\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=Nile Plastic Recycling is investing USD 15 mn in Sokhna expansion&url=https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/nile-plastic-recycling-is-investing-usd-15-mn-in-sokhna-expansion\/\">\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\/07\/17\/nile-plastic-recycling-is-investing-usd-15-mn-in-sokhna-expansion\/&title=Nile Plastic Recycling is investing USD 15 mn in Sokhna expansion\">\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=Nile+Plastic+Recycling+is+investing+USD+15+mn+in+Sokhna+expansion+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F07%2F17%2Fnile-plastic-recycling-is-investing-usd-15-mn-in-sokhna-expansion%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\/07\/17\/nile-plastic-recycling-is-investing-usd-15-mn-in-sokhna-expansion\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1046.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"668574\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/nile-plastic-recycling-is-investing-usd-15-mn-in-sokhna-expansion\/1046-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1046.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1046.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1046.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1046.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-668573\" class=\"content-area-description single-story post-668573 post type-post status-publish format-standard has-post-thumbnail hentry category-manufacturing tag-enterpriseam tag-manufacturing tag-recycling tag-suez-canal-economic-zone tag-waste-management 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\/7\/.e3a1079c-325d-4452-ac36-537a1e20c296.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Nile Plastic Recycling is investing an additional USD 15 mn to expand its polyethylene<\/strong><strong> terephthalate (PET) recycling facility in the Sokhna Industrial Zone<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02bT3nRv7yLmevuXRX2fr2vtAmaE6JpgeTBPTxTSj5Wjo2GnQt9eZDMTYuk4VDmLgul\" style=\"\" rel=\"noopener\">statement<\/a>. Under a contract signed with industrial developer Main Development Company (MDC), the recycling firm plans to set up a 10k sqm annex focused on producing food-grade recycled PET.<\/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>More capacity, more exports:<\/strong> The expansion will increase the company\u2019s recycling capacity by 20k tons a year, with 70% of output earmarked for export markets. It will create around 500 direct jobs. The facility will come online following the completion of the project\u2019s first phase.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Nile Plastic Recycling <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f84fed16-43df-4cc8-a703-c354b04f2a7e\/vodafone-egypt,-telecom-egypt-ink-egp-30-bn-worth-of-infrastructure-services,-5g-agreements\" style=\"\" rel=\"noopener\">inked an agreement<\/a> with MDC back in November to establish a PET plastic recycling facility in the Sokhna Industrial Zone with an initial investment of USD 20 mn. The plant is set to begin operations in 1H 2026.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/recycling\/\">recycling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-economic-zone\/\">Suez Canal Economic Zone<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/waste-management\/\">waste management<\/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=\"668575\" 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=\"668575\">\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\">Cabinet watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/three-projects-secure-golden-licenses\/\">\r\n                            Three projects secure golden licenses from the Madbouly cabinet                        <\/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\/07\/17\/three-projects-secure-golden-licenses\/\" 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\/07\/17\/three-projects-secure-golden-licenses\/')\">\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\/07\/17\/three-projects-secure-golden-licenses\/\">\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=Three projects secure golden licenses&url=https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/three-projects-secure-golden-licenses\/\">\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\/07\/17\/three-projects-secure-golden-licenses\/&title=Three projects secure golden licenses\">\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=Three+projects+secure+golden+licenses+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F07%2F17%2Fthree-projects-secure-golden-licenses%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\/07\/17\/three-projects-secure-golden-licenses\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1119.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"668576\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/three-projects-secure-golden-licenses\/1119-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1119.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1119.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1119.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1119.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-668575\" class=\"content-area-description single-story post-668575 post type-post status-publish format-standard has-post-thumbnail hentry category-cabinet-watch tag-cabinet-watch tag-enterpriseam tag-infinity tag-manufacturing tag-masdar tag-renewables tag-wind-power 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\/7\/.a2700c0d-76a8-4d3d-9951-0a95f0585122.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Three projects secure golden licenses: <\/strong>The Madbouly government <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02DkHyfCginsvV7T4XtQkhP4jhJY32ktD8vdMXpA6ELUmUmNURFNaAjmVg3hqmVsGXl\" style=\"\" rel=\"noopener\">approved<\/a> decisions granting three projects golden licenses during its weekly meeting yesterday. The projects are:<\/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>#1- The USD 58 mn freezone for linen and textile production in Sadat City <\/strong>\u2014 dubbed Kingdom Linen. The facility will create 500 jobs and is scheduled for completion by January 2027. The zone will export 100% of its annual capacity \u2014 3.8k tons of linen yarn output \u2014 and reach a 30% local content ratio within three years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The cabinet <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87a0e2d5-bcf1-4246-871f-a2aabadb7648\/gov%25e2%2580%2599t-efforts-to-make-state-owned-land-investable-%2B-usd-60-mn%253cmark%253e-linen%253c%2Fmark%253e-freezone\" style=\"\" rel=\"noopener\">approved the decision<\/a> to set up the freezone back in October 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Masdar, Infinity\u2019s 200 MW wind farm: <\/strong>Our friends at renewables firm Infinity Power and Emirati state-run renewables giant Masdar secured a golden license for their 200 MW wind farm in Ras Ghareb. Once it starts feeding the national grid in May 2027, the farm will help the Madbouly government save an estimated 175 mn cubic meters of natural gas annually. It\u2019s expected to create around 2k jobs during the construction and operational phases.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The Egyptian Electricity Transmission Company will purchase the power produced, under a trilateral purchase power agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fa57d262-05cf-4d97-b48a-790e891ed1bc\/%253cmark%253emasdar%253c%2Fmark%253e,-infinity,-and-eetc-finalize-agreement-for-ras-ghareb-wind-farm\" style=\"\" rel=\"noopener\">inked last year<\/a>. The project will cost some USD 216.7 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Agro-industrial complex from Alamir gets the go-ahead:<\/strong> Local agriculture player <a target=\"_blank\" href=\"https:\/\/www.alamireg.com\/\" style=\"\" rel=\"noopener\">Alamir<\/a><a target=\"_blank\" href=\"https:\/\/www.alamireg.com\/\" style=\"\" rel=\"noopener\">Group<\/a> also received a golden license for its planned complex in Sadat City. The company will establish multiple factories to process, package, and export fruits, vegetables, tomato paste, and other agro-products. The project will export more than 70% of its output while relying on 80-90% locally sourced raw materials. Scheduled to begin operations in October 2027, the facility is expected to provide 400 jobs and deepen Egypt\u2019s agricultural value chain.<\/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\/cabinet-watch\/\">cabinet watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infinity\/\">Infinity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/masdar\/\">Masdar<\/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\/wind-power\/\">wind power<\/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=\"668577 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=\"668577\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/668577\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-668577\" class=\"content-area-description single-story post-668577 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=\"668578\" 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=\"668578\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/fra-greenlights-valus-egp-10-bn-securitization-program\/\">\r\n                            FRA greenlights Valu\u2019s EGP 10 bn securitization program                        <\/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\/07\/17\/fra-greenlights-valus-egp-10-bn-securitization-program\/\" 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\/07\/17\/fra-greenlights-valus-egp-10-bn-securitization-program\/')\">\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\/07\/17\/fra-greenlights-valus-egp-10-bn-securitization-program\/\">\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=FRA greenlights Valu\u2019s EGP 10 bn securitization program&url=https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/fra-greenlights-valus-egp-10-bn-securitization-program\/\">\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\/07\/17\/fra-greenlights-valus-egp-10-bn-securitization-program\/&title=FRA greenlights Valu\u2019s EGP 10 bn securitization program\">\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=FRA+greenlights+Valu%E2%80%99s+EGP+10+bn+securitization+program+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F07%2F17%2Ffra-greenlights-valus-egp-10-bn-securitization-program%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\/07\/17\/fra-greenlights-valus-egp-10-bn-securitization-program\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1569.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"668579\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/fra-greenlights-valus-egp-10-bn-securitization-program\/1569-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1569.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1569.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1569.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1569.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-668578\" class=\"content-area-description single-story post-668578 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-capital-markets tag-debt tag-enterpriseam tag-tasaheel tag-tourism tag-tourism-and-antiquities-ministry tag-valu 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\/7\/.b51d36cd-233b-4f84-8ada-2862a650f3a8.mp3\"><\/audio><\/figure>\n<p class=\"tag-border-left\">DEBT WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Valu gets green light for EGP 10 bn securitization program:<\/strong> The Financial Regulatory Authority approved Valu\u2019s seventh securitized bond program, allowing the company to issue up to EGP 10 bn in bonds backed by portfolios worth EGP 13 bn, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1104.pdf\" style=\"\" rel=\"noopener\">a filing (pdf)<\/a> to the bourse. The issuance will be rolled out over two years through up to nine issuances. Just last month, the newly-listed company closed an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a06481a2-a1e6-4644-b938-e6ac211180b1\/valu-closes-egp-859-mn-securitization-issuance,-gears-up-for-fresh-egp-10-bn-program\" style=\"\" rel=\"noopener\">EGP 859 mn<\/a> securitization issuance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Tasaheel lands EGP 1 bn loan:<\/strong> MNT-Halan\u2019s microfinance arm Tasaheel secured EGP 1 bn from the National Bank of Egypt to on-lend, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1105.pdf\" style=\"\" rel=\"noopener\">a press release (pdf)<\/a>. The funding will help the firm expand microfinance lending across governorates, supporting entrepreneurship and helping build sustainable income-generating projects.<\/p>\n<p class=\"tag-border-left\">REGULATIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A slew of new FRA regulations incoming:<\/strong> The Financial Regulatory Authority (FRA) is preparing to issue a wave of new regulations in the coming period, FRA head Mohamed Farid told Asharq Business (<a target=\"_blank\" href=\"https:\/\/x.com\/AsharqbEGY\/status\/1945536502055706985\" style=\"\" rel=\"noopener\">watch, runtime: 4:56<\/a>). The updates include platform requirements for crowdfunding and real estate investment fund platforms, as well as unified solvency standards across non-bank finance segments based on Basel III. \u201cWe found varying solvency criteria in consumer finance, microfinance, and mortgage finance. So we are working to unify them using globally recognized <a target=\"_blank\" href=\"https:\/\/www.bis.org\/bcbs\/basel3.htm\" style=\"\" rel=\"noopener\">Basel III<\/a> benchmarks,\u201d Farid said, adding that this would \u201craise the financial and professional solvency\u201d of licensed companies and improve transparency for investors. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Stricter capital rules coming for insurers:<\/strong> Farid also said that the FRA will soon roll out new financial and governance standards for ins. firms, including higher capital adequacy. The move comes ahead of a planned shift to international capital adequacy standards \u2014 eventually the EU\u2019s <a target=\"_blank\" href=\"https:\/\/www.eiopa.europa.eu\/browse\/regulation-and-policy\/solvency-ii_en\" style=\"\" rel=\"noopener\">Solvency II<\/a>, which is on the FRA\u2019s roadmap for rollout within two-three years. <\/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\">CAPITAL MARKETS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CI Capital Asset Management closed the country\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ceccf336-90d6-4e50-9b4c-a106d8f3e53a\/the-european-parliament-gives-its-final-greenlight-to-eur-4-bn-loan.-plus:-ischool,-state-grid,-ci-capital,-egyptair\" style=\"\" rel=\"noopener\">inaugural ESG equity fund<\/a><\/strong>, it said in <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1098.pdf\" style=\"\" rel=\"noopener\">a<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1098.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. The subscription was 4x oversubscribed, signaling strong investor appetite for ESG-linked investments. The fund will invest in the stocks of the 30 best-performing listed companies on the EGX, the statement said. Retail and institutional investors will be able to execute daily subscription and redemption orders starting this month through local banks and CI Capital\u2019s fixed income brokerage arm, the asset manager said without disclosing a specific start date or name-checking the receiving banks. <\/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\">TOURISM-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Tourism<\/strong><strong> Ministry and regional travel platform WEGO launched a joint digital<\/strong><strong> campaign to promote Egypt as a destination in Arab markets<\/strong>, aiming to attract over 1 mn travelers and drive 500k bookings by June 2026, according to a ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/videos\/1240486227484201\/\" style=\"\" rel=\"noopener\">statement<\/a>. The campaign will run targeted ads across YouTube, Google, cinemas, and malls during holidays and peak travel periods.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Egypt has big tourism plans as it aims to increase the number of tourists from 15.7 mn last year to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7146e7f9-7441-42f9-b510-89160f014d0b\/remittances-from-egyptians-abroad-rise-65.4%25-y-o-y-to-usd-2.6-bn-in-november\" style=\"\" rel=\"noopener\">30 mn tourists a year by 2030<\/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\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n  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href=\"https:\/\/enterpriseam.com\/egypt\/tag\/valu\/\">ValU<\/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=\"668580\" 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=\"668580\">\r\n            \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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/trumps-tariffs-start-to-bite-driving-us-inflation-up-in-june\/\">\r\n          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wp-post-image\" alt=\"\" data-attachment-id=\"668581\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/trumps-tariffs-start-to-bite-driving-us-inflation-up-in-june\/1124-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1124.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1124.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1124.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1124.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-668580\" class=\"content-area-description single-story post-668580 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-donald-trump-2 tag-enterpriseam tag-financial-markets tag-inflation tag-planet-finance tag-tariff tag-trade 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\/7\/.53dc22ca-2717-41de-ac4d-4f1002210882.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Headline US inflation climbed to 2.7% y-o-y in June<\/strong>, slightly exceeding the 2.6% forecast by analysts surveyed by <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-15\/us-core-cpi-rises-less-than-expected-for-a-fifth-straight-month\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The jump suggests that US tariffs are starting to leave their mark on the consumer price index (CPI). Meanwhile, core CPI was up 2.9% y-o-y.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tariffs are getting all the blame<\/strong>. Prices for goods exposed to tariffs \u2014 including toys and appliances \u2014 rose at the fastest rates seen in years, according to the Bureau of Labor Statistics. Tariff impact is still modest, as businesses have likely absorbed a large portion of the costs so far, Cornell University Economics Professor Eswar Prasad told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/65b1fb44-6391-4f74-82db-2d7eb6aaafa9\" style=\"\" rel=\"noopener\">Financial Times<\/a>. This will likely change if Trump moves ahead with additional tariff threats, leading to higher costs passed to customers, Prasad says.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global impact? <\/strong>Trump\u2019s tariffs may impact consumers beyond the US market, as global brands are considering spreading costs across markets, Proxima Executive VP Simon Geale told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/82e32f7c-47e2-4e96-bb53-a58377e18aa9\" style=\"\" rel=\"noopener\">FT<\/a>. Smart sourcing and cost savings strategies may not be enough to soften the impact of tariffs on US consumers if prices rise beyond 5%, Geale added.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Most trading partners opted for negotiating their way around the problem<\/strong>, with only China and Canada opting for retaliatory tariffs. Meanwhile, the EU steered clear from open confrontation with Trump, welcoming a backchannel opened by US Treasury Secretary Bessent, as well as adding military support for Ukraine to ongoing negotiations.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT- Appeasing can be a slippery slope<\/strong>: The EU Trade Commissioner cautioned that a 30% US tariff could halt transatlantic trade, leaving the bloc with \u201cnothing to lose\u201d and likely provoking retaliation. This creates a difficult strategic choice, as avoiding retaliation in the short term may lead to ceding long-term dominance of global supply chains to the US, head of global economy at Chatham House Creon Butler said.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US coffers are swelling in the meanwhile: <\/strong>Customs revenues soared to a record USD 64 bn in 2Q 2025, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/82e32f7c-47e2-4e96-bb53-a58377e18aa9\" style=\"\" rel=\"noopener\">funneling an additional USD 47 bn<\/a> into the US treasury compared to the same period last year.<\/p><p class=\"tag-border-left\">MARKETS THIS MORNING-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mostly in the red<\/strong> <strong>this morning<\/strong>, led by Japan\u2019s Nikkei inching down 0.3% after trade figures showed Japanese exports fell for the second month straight. Wall Street futures are also indicating a lower opening ahead.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">33,474<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.4% (YTD: +12.6%)<\/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>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 49.36<\/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 49.50<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CIB) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 49.37<\/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 49.47<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">24.00% 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\">25.00% 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\">11,039<\/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% (YTD: -8.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">10,176<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +8.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,974<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.0% (YTD: +15.8%)<\/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>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,264<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +6.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">8,927<\/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: +9.2%)<\/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\">5,298<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.1% (YTD: \u0624%)<\/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>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 68.68<\/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\">0.0%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3.56<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3,355<\/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%<\/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 119,974<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.1% (YTD: +28.3%)<\/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>S&amp;P Egypt Sovereign Bond Index<\/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\">879.72<\/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\">0.0% (YTD: +13.1%)<\/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 MENA Bond &amp; Sukuk<\/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\">145.49<\/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: +4.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>VIX (Volatility Index)<\/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\">17.16<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.3% (YTD: -1.1%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div><p class=\"tag-border-left\">THE CLOSING BELL-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 fell 1.4% at yesterday\u2019s close<\/strong> on turnover of EGP 4.4 bn (11.3% below the 90-day average). International investors were the sole net buyers. The index is up 12.6% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Alexandria Mineral Oils (+2.1%), Sidpec (+2.0%), and Egypt Aluminum (+1.2%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Credit Agricole (-3.3%), TMG Holding (-3.2%), and Fawry (-2.9%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/donald-trump-2\/\">Donald Trump.<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tariff\/\">Tariff<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"668582\" 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=\"668582\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/17\/my-morning-routine-basma-rady-managing-director-of-robin\/\">\r\n                            My Morning Routine: Basma Rady, Managing Director of Robin                        <\/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\/07\/17\/my-morning-routine-basma-rady-managing-director-of-robin\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Speaking to us this week is <a target=\"_blank\" href=\"https:\/\/robinsolutions.com\/\" style=\"\" rel=\"noopener\">Robin<\/a> Managing Director Basma Rady (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/basma-rady-17744631\/?originalSubdomain=eg\" style=\"\" rel=\"noopener\">LinkedIn<\/a>). Edited excerpts from our conversation:<\/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>I\u2019m Basma Rady, the managing director of Robin.<\/strong> I joined Beltone Holding in June 2023 with a mandate to build a data science platform that serves Beltone, its portfolio companies, and the wider market. Before that, I was at the Central Bank of Egypt, where I founded and led the Data Science Hub \u2014 overseeing everything from setting the vision and mission to delivering projects that directly supported the governor, the Monetary Policy Committee, and the board. I also built the central bank\u2019s first team of data scientists. Earlier in my career, I worked at Ernst & Young, first in New York and later in Dubai as a data science manager serving both public and private sector clients. I hold a master\u2019s in operations research and information engineering from Cornell University. On the personal side, I\u2019m the eldest of three \u2014 I have a younger brother and sister \u2014 and I\u2019m married. I\u2019m supported by a wonderful, large family.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Launching and managing Robin are now my main responsibilities.<\/strong> As a managing director, I\u2019m responsible for everything from setting up the company and launching it into the market to selling to clients, ensuring delivery, managing a brilliant team, and making sure we\u2019re delivering the right level of service and quality to the market. Right now, my day job is mostly focused on launching Robin and making sure all clients are aware of our services, how we add value, and how we can help them better serve their own customers. That\u2019s my primary focus. Beyond that, I\u2019m actively selling to clients and continuously building and managing a wonderful data science and analytics team.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Robin officially launched last week, but we\u2019ve been working on it for over a year. <\/strong>In a post I wrote on LinkedIn titled <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7347911665771810816\/\" style=\"\" rel=\"noopener\">Meet the Minds Behind Robin<\/a>, I mentioned how proud I am of the team because they believed in the idea before it even had a name. The naming was a group effort \u2014 we came up with it together. The main goal of Robin is to serve clients with data science and AI services. We see a gap between the full potential of AI and data science and how companies are actually able to implement them. There's a mismatch between what companies want to do and what they\u2019re currently able to do \u2014 especially when it comes to building the right data foundation. That\u2019s where Robin comes in, bridging that gap with real-world applications, ensuring data science and AI make a meaningful impact.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The name \u201cRobin\u201d comes from Batman and Robin \u2014 we\u2019re the sidekick of the business. <\/strong>We help businesses fly. Robin is young, smart, approachable, and colorful. We don\u2019t think data science and AI work in a vacuum \u2014 the real magic happens when smart data scientists work closely with the client and the business side to ensure impact. We design models and dashboards that are fully usable, address a business need, and are customized to each client. Our goal is to help companies unlock the trapped value in their data and turn it into a strategic asset \u2014 not just a byproduct of operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The most interesting trend in our industry right now is GenAI<\/strong> tools like ChatGPT, DeepSeek, Claude, Gemini, CoPilot, and others. These technologies automate tasks and generate content, and they\u2019re really changing the game. At Robin, we spend a lot of time researching and experimenting with the latest tools so that when we recommend one to a client, it\u2019s the right fit for the use case and cost-efficient. We\u2019re actively building client-facing tools backed by GenAI, including content generation for applications and smart chatbots.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I don\u2019t have a fixed morning routine. <\/strong>My schedule really depends on what\u2019s needed from me that day. On a day when I have a 9am meeting in Smart Village, I\u2019m up at 6am and out the door early. On days when I\u2019m heading into the office at a more relaxed pace, I take things slower. During launch phases or intense work periods, I need to be on top of the news and market updates constantly. When I\u2019m traveling, it\u2019s a different rhythm altogether. I have read <a target=\"_blank\" href=\"https:\/\/www.goodreads.com\/book\/show\/182052.Improv_Wisdom\" style=\"\" rel=\"noopener\">Improv Wisdom: Don\u2019t Prepare, Just Show Up<\/a> by Patricia Ryan Madson, which is about staying present and responding to what the moment asks of you, and that\u2019s become my personal philosophy. I focus on what\u2019s needed from me in the moment rather than rigid planning.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>If there\u2019s one constant in my mornings, it\u2019s coffee.<\/strong> I never start my day without it. I also love spending quality time with my husband in the morning \u2014 that calm time with family is something I try to hold onto no matter how hectic the day ahead looks. I also always read EnterpriseAM in the morning as it\u2019s reliable and gives me the information I need, right at the start of my day. I often check out the PM edition later in the day as well.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No two workdays are the same, especially while launching Robin. <\/strong>Broadly, my day involves talking to clients, explaining what we do, selling our services, and ensuring delivery. I also work closely with our team \u2014 planning, managing, staying up to date on what's being developed, and making sure everything we produce has an impact.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s no secret to staying organized, it\u2019s just a lot of themed to-do lists.<\/strong> I keep these digital to-do lists, update them regularly, and make sure they\u2019re shared with my team. My current themes include launching Robin, sales and go-to-market, delivery of client projects, and hiring. I know they\u2019ll evolve \u2014 in September we\u2019ll be gearing up for our second AI hackathon, and by December, I\u2019ll be focused on budgeting and planning for next year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead, the priority is for Robin to lead on data and AI across the region<\/strong>, not just in Egypt, but throughout MENA. I want to make sure that Robin is realizing its full potential and impact throughout the region. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When it comes to work-life balance, I don\u2019t think of it as balance. I think of it as juggling.<\/strong> I got that from a book called <a target=\"_blank\" href=\"https:\/\/www.goodreads.com\/book\/show\/723471.Just_Enough\" style=\"\" rel=\"noopener\">Just Enough<\/a> by Laura Nash and Howard Stevenson. Some balls you juggle in life are rubber, if you drop them, they bounce. Others, like family, are glass, they shatter if dropped. I try to give full focus to whatever\u2019s in my hand at the moment, whether I\u2019m in a client meeting or with family at home. That\u2019s how I try to manage it \u2014 by being fully present.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>To relax and switch off, I like to have a hot drink and a conversation with my mom, my <\/strong><strong>sister, or my husband.<\/strong> I\u2019m not big on watching TV or movies. When the day is done, I enjoy a quiet evening with family, a good coffee, and sleep. On vacation, I really try to unplug. That\u2019s when I\u2019ll read a book or two, which is something I don\u2019t usually have time for during busy work periods.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The best piece of advice I\u2019ve ever received came from my late father<\/strong>, who was an orthopedic surgeon and professor. He taught me the value of lifelong learning. Even after decades of experience, he\u2019d stay up the night before a surgery to study, review, and refresh \u2014 not because he didn\u2019t know it, but because he believed in always being prepared. My passion for learning comes directly from him.<\/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\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/beltone-holding\/\">Beltone Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"668584\" 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\/07\/17\/668584\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-668584\" class=\"content-area-description single-story post-668584 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\">JULY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 July (Wednesday-Friday): <\/span><span style=\"font-weight:700\">Egypt\u2019s New Era: Investment Opportunities<\/span><span style=\"font-weight:400;\">: Business mission to the UK organized by The British Egyptian Business Association (Beba) <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">17 July (Thursday): Deadline to apply for 36 industrial units in phase three of Robbiki Leather 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;\">End-July 2025: Egypt and Jordan to connect fifth FSRU \u2018Energos Force\u2019 to Arab Gas Pipeline via Aqaba 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:400;\">Also happening this month:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:400;\">The first operational trial of Egypt-KSA electricity interconnection line<\/span><\/li>\n<li><span>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><\/li>\n<li><span>China\u2019s State Grid aims to finalize contracts for two solar projects.<\/span><\/li>\n<\/ul>\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>7 August (Thursday): Finance Ministry to begin disbursement of 50% of exporters\u2019 pre-June 2024 dues over a four-year plan.<\/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 (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 style=\"font-weight:400;\">Mid-August: Launch of electronic platform to register Old Rent Law tenants.<\/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:400;\">Late-August: Deadline for cement factories to restart production.<\/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=\"font-weight:400;\">8-11 September (Monday-Thursday): EFG Hermes London Conference takes place in the British capital.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 September (Monday): IMF to hold its combined fifth and sixth reviews of Egypt\u2019s USD 8 bn EFF arrangement.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-27 September (Wednesday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cityscape-events.com\/egypt\/en\/home.html\" style=\"\">Cityscape Egypt 2025<\/a><\/span><span>, Egypt International Exhibition Center<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>The Egyptian-Moroccan Business Council <\/span><span>to send<\/span><span> a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.alborsaanews.com\/2025\/06\/28\/1897472\" style=\"\">delegation<\/a><\/span><span style=\"font-weight:400;\"> of 23 local companies to Rabat.<\/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 Engineering Export Council of Egypt will ship a commercial delegation to Russia to ramp up exports to European markets.<\/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><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=\"\">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 (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:400;\">7 October (Tuesday): The 2025 EnterpriseAM Egypt Forum.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-16 October (Sunday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02NagbQx5dgqu17pbmb9FVEcu5tcoZrNEazUBXhBmBDT6Q1c3Yv2QFszSBGqSsXjyvl\" style=\"\">Cairo Water Week<\/a><\/span><span style=\"font-weight:400;\">, Cairo. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">19-22 October (Sunday-Wednesday): Arab African Investment and International Cooperation Summit.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>October: The third iteration of the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/exportsmart.net\/\" style=\"\">Export Smart<\/a><\/span><span style=\"font-weight:400;\"> Exhibition and Conference.<\/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>16-19 November: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/cairoict.com\/\" style=\"\">Cairo ICT 2025<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibition Center<\/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 (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 Center.<\/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 style=\"font-weight:400;\">Mid-2025: EGX launches sustainability index.<\/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;\">3Q 2025: Polaris Parks to finalize contracts for two new industrial zones in the new capital and Sadat 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;\">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;\">2H 2025: Potential visit by Chinese President Xi Jinping to 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;\">4Q 2025: The beginning of construction works on China\u2019s State Grid two solar projects.<\/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;\">4Q 2025: GB Auto starts assembling one of China\u2019s Great Wall Motor models in 4Q 2025.<\/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;\">4Q 2025-1Q 2026: Kasrawy Group to launch first Avatr EV models in 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: 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:400;\">Before 2025-end: The government will launch two ro-ro shipping lines with Saudi Arabia and Turkey.<\/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:700\">Early 2026:<\/span><span style=\"font-weight:400;\"> Passenger operations on the New Administrative Capital\u2013Nasr City monorail scheduled to begin.<\/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\">1Q 2026: <\/span><span style=\"font-weight:400;\">Trial operations for the Ain Sokhna\u2013Sixth of October section of Egypt\u2019s first high-speed rail line scheduled to begin.<\/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>15 March 2026: IMF to hold its seventh review of Egypt\u2019s USD 8 bn EFF arrangement.<\/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 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>15 September 2026: IMF to hold its eighth review of Egypt\u2019s USD 8 bn EFF arrangement.<\/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;\">2H 2026: Operations at Deli Glass Co\u2019s new USD 70 mn glassware factory kick off.<\/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>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>Debt management strategy | Big ticket investment from Teda | Golden licenses 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