{"id":668895,"date":"2025-07-23T00:00:00","date_gmt":"2025-07-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=668895"},"modified":"2025-12-18T06:48:16","modified_gmt":"2025-12-18T06:48:16","slug":"bonyan-closes-flat-on-debut","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/bonyan-closes-flat-on-debut\/","title":{"rendered":"Bonyan closes flat on debut"},"content":{"rendered":"<section id=\"668897\" 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=\"668897\">\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\/23\/el-khatib-is-in-japan-to-drum-up-investments\/\">\r\n                            El Khatib is in Japan to drum up investments                        <\/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\/23\/el-khatib-is-in-japan-to-drum-up-investments\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n  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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/23\/el-khatib-is-in-japan-to-drum-up-investments\/2651-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2651.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2651.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2651.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2651.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-668897\" class=\"content-area-description single-story post-668897 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseam tag-hassan-el-khatib 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\/.55301ee0-e280-4226-998e-d597d123c397.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, all.<\/strong> We end this shorter-than-usual work week with another packed issue, led primarily by capital markets news, including Bonyan\u2019s muted market debut and a breakdown of the driving forces behind the EGX30\u2019s rally earlier this week. Momentum in the benchmark index\u2019s rally momentum fizzled out before Bonyan could capture it in the company\u2019s first day of trading, despite analysts suggesting that real estate players were a driving force behind the EGX30 hitting record highs on Sunday and Monday.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS-<\/strong> We have a secondary macroeconomics theme going for us this morning, as the EGP strengthened against the greenback to its highest level in around eight months, while central bank figures indicate our current account deficit narrowed in 9M 2024-25.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>** A QUICK <\/strong><strong>PROGRAMMING<\/strong><strong> NOTE- <\/strong>EnterpriseAM Egypt will be joining the rest of you in taking tomorrow off in observance of the 23 July Revolution. We\u2019ll be back in your inboxes bright and early on Sunday with everything you may have missed from over the long weekend.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>Something to look forward to in the weeks to come:<\/strong> The committee organizing the Grand Egyptian Museum\u2019s (GEM) opening ceremony met yesterday to set a new date for the long-awaited event, Prime Minister Moustafa Madbouly <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%8A%D8%AA%D8%B1%D8%A3%D8%B3-%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D8%A7%D9%84%D9%84%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D8%B9%D9%84%D9%8A%D8%A7-%D9%84%D8%AA%D9%86%D8%B8%D9%8A%D9%85-%D9%81%D8%B9%D8%A7%D9%84%D9%8A%D8%A7%D8%AA-%D8%A7%D8%AD%D8%AA%D9%81%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%81%D8%AA%D8%AA%D8%A7%D8%AD-%D8%A7%D9%84%D9%85%D8%AA%D8%AD%D9%81-%D8%A7%D9%84\/1289326269904457\/\" style=\"\" rel=\"noopener\">said<\/a>. The museum was initially scheduled to officially open its doors on 3 July, but the long-anticipated event was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/879cb37a-205f-4201-a89b-164d5dc8064e\/us-mulls-adding-egypt-to-travel-ban-list\" style=\"\" rel=\"noopener\">delayed<\/a> to the last quarter of the year following Israel striking Iran mid-June. Coordination is now underway between the relevant authorities to decide on a new date and announce it. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>We spoke to Aly Khattab, founder of Egyptian specialty coffee brand <a target=\"_blank\" href=\"https:\/\/reqaf.co\/?srsltid=AfmBOorbw-DltHgMGD6FUPb-gPzlBOHCaeHsj1PngaOZ6uHQwEO2qG6A\" style=\"\" rel=\"noopener\">ReQaf<\/a>, for our weekly Founder of the Week column yesterday. Check out the interview <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7622f733-24b9-4a73-949b-3c0bfb736f9a\/meet-our-founder-of-the-week:-reqaf%25e2%2580%2599s-aly-khattab\" style=\"\" rel=\"noopener\">here<\/a>.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/mailchi.mp\/enterpriseam.com\/2025egyptforum\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/756.jpg?ssl=1\"><\/a> <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Mark your calendar for the 2025 EnterpriseAM Egypt Forum<\/strong>, our flagship forum and part of our must-attend series of invitation-only, C-suite-level gatherings. Tap to register your interest to attend. <strong>Want to partner with us? Reach out to Moustafa Taalab at mtaalab@enterpriseadvisory.com to explore sponsorship opportunities.<\/strong><\/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>#1- <\/strong><strong>The EGX is in adv<\/strong><strong>anced talks with six to seven temporarily listed companies to kick-start <\/strong><strong>their <\/strong><strong>public offering and begin actual trading on the market<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/07\/22\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%86%D8%AA%D9%88%D8%A7%D8%B5%D9%84-%D9%85%D8%B9-6-%D8%A7%D9%84%D9%89-7-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D9%85%D9%82%D9%8A%D8%AF%D8%A9-%D8%AA%D9%85%D9%87%D9%8A%D8%AF-%D8%A7-%D9%84%D8%A8%D8%AF%D8%A1-%D8%AE%D8%B7%D9%88%D8%A7%D8%AA-%D8%A7%D9%84%D8%B7%D8%B1%D8%AD\" style=\"\" rel=\"noopener\">Al<\/a><a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/07\/22\/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%86%D8%AA%D9%88%D8%A7%D8%B5%D9%84-%D9%85%D8%B9-6-%D8%A7%D9%84%D9%89-7-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D9%85%D9%82%D9%8A%D8%AF%D8%A9-%D8%AA%D9%85%D9%87%D9%8A%D8%AF-%D8%A7-%D9%84%D8%A8%D8%AF%D8%A1-%D8%AE%D8%B7%D9%88%D8%A7%D8%AA-%D8%A7%D9%84%D8%B7%D8%B1%D8%AD\" style=\"\" rel=\"noopener\">Arabiya<\/a> reports, citing EGX Chairman Ahmed El Sheikh. No further information was disclosed.<\/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- Al Mashat, AFC, Infinity Power talk green funding:<\/strong> Planning Minister Rania Al Mashat met yesterday with representatives from the African Finance Corporation's (AFC) asset management arm and our friends at Infinity Power to explore avenues to mobilize concessional finance for climate-resilient infrastructure, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/photo.php?fbid=1289172339919850&amp;set=a.144073987763030&amp;type=3&amp;ref=embed_post\" style=\"\" rel=\"noopener\">statement<\/a>. The discussions focused on AFC's Infrastructure Climate Resilient Fund for Africa which is backed by the Green Climate Fund and supports green energy and sustainable transport projects.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The end goal:<\/strong> The government is prioritizing partnerships with international institutions to unlock more green financing and expand private sector involvement in development, Al Mashar said. She directed technical teams to coordinate with AFC and Infinity Power to explore how local companies can take advantage of the new fund and assess next steps for implementation. <\/p><p class=\"tag-border-left\">HAPPENING TODAY-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- We\u2019re keeping <\/strong><strong>our fingers crossed for Egyptian finance legend Mohamed El Erian to be <\/strong><strong>elected<\/strong><strong> the next chancellor of Cambridge University<\/strong>, with results expected to be <a target=\"_blank\" href=\"https:\/\/www.cam.ac.uk\/about-the-university\/how-the-university-and-colleges-work\/people\/chancellor\/election-of-the-next-chancellor\" style=\"\" rel=\"noopener\">published online<\/a> later today. El Erian is <a target=\"_blank\" href=\"https:\/\/www.cam.ac.uk\/about-the-university\/how-the-university-and-colleges-work\/people\/chancellor\/election-of-the-next-chancellor\/the-candidates\/statement-from-dr-mohamed-el-erian\" style=\"\" rel=\"noopener\">pitching himself<\/a> as a \u201cguardian of tradition and a catalyst for innovation\u201d in the race against the nine other competing candidates.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#2- Investment <\/strong><strong>Minister Hassan El Khatib is currently in Japan to discuss ways to boost trade and joint <\/strong><strong>investments<\/strong>, according to a ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid02wB2cDyj6ZviR7xpaD8tczdK7x3J4Z17fAmdbcmgvhh4vXMMdv4VXLq55tbP9nUXYl&amp;id=61562245173260\" style=\"\" rel=\"noopener\">statement<\/a>. During his visits to Tokyo and Osaka, El Khatib is scheduled to meet with senior government officials and representatives from four leading Japanese investment firms.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Keep your eyes peeled for Egypt-bound Japanese investments: <\/strong>El Khatib will meet with representatives from six investment and financial institutions and funds and take part in a seminar, which will bring together around 200 representatives from Japanese companies and institutions. He will also hold one-on-one meetings with four Japanese investment giants.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re going to<\/strong><strong> be on the lookout for talks about an upcoming Samurai bond issuance<\/strong>, which a <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\">senior government source has recently told us about<\/a>. Egypt is currently awaiting approval from the African Development Bank for a USD 400 mn guarantee for a new tranche of JPY-denominated bonds, the source noted.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/p><\/div>\n<\/div>\n<\/div><p class=\"tag-border-left\">PSA- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>Thanaweya Amma results are out:<\/strong> Education Minister Mohamed Abdellatif yesterday announced the results of the Thanaweya Amma exams, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0mBzqVtfHdAvQMXgTc1qqcPpfPgpRwjxz6k6hEtM65TiZ3AHKeu4bLFdkKkKDjcx6l\" style=\"\" rel=\"noopener\">ministry statement<\/a>. Over 73% of students who took the exams passed. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>It\u2019s another hot day in Cairo, with a high of 39\u00b0C and a low of 27\u00b0C, according to our favorite weather app.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a little cooler in Alexandria<\/strong>, with a high of 34\u00b0C and a low of 25\u00b0C.<\/p><p class=\"tag-border-left\">ENERGY WATCH-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt is impo<\/strong><strong>rting<\/strong><strong> some 1.1 bcf\/d of natural gas from Israel<\/strong>, Oil Minister Karim Badawi told <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/story.php?story_fbid=728496509939268&amp;id=100083367761426&amp;mibextid=wwXIfr&amp;rdid=LsNqYvffV2r6Gs8p#\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The imports are up from around 650-750 mcf\/d we were importing at the end of last month, when Israel <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ef7d6185-8a34-4af6-8364-4618433c4f2a\" style=\"\" rel=\"noopener\">ramped up<\/a> its gas exports to Egypt from its Leviathan field after a brief halt as Israel exchanged airstrikes with Iran.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s current domestic gas output \u2014 <\/strong><strong>excluding production from Zohr \u2014 stands at 3.2 bcf\/d<\/strong>, according to Badawi. Zohr alone is producing some 1.4 bcf\/d. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>2026 target in sight:<\/strong> The government aims to increase total production to 4.4 bcf\/d by the end of 2026 as part of efforts to boost energy security.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The country is facing a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c151113f-bdc7-486c-9452-38eea7f5274d\" style=\"\" rel=\"noopener\">gas shortfall<\/a> of about 2.5 bcf\/d as local production and pipeline imports from Israel fall short of the 6.5 bcf\/d needed to meet peak demand.<\/p><p class=\"tag-border-left\">DATA POINT-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our <\/strong><strong>g<\/strong><strong>old<\/strong><strong> and<\/strong><strong> precious metals exports jumped 194% y-o-y in 1H 2025<\/strong>, rising to USD 3.9 bn, the Federation of Egyptian Industries\u2019 gold division said in a statement to the press seen by EnterpriseAM. The lion\u2019s share of exports went to the UAE, which accounted for USD 3.2 bn of total exports, followed by Switzerland with USD 705 mn, and Canada with USD 6.3 mn.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p><p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US announced several trade agreements with Asian countries as we inch closer to <\/strong><strong>the 1 August implementation date <\/strong>for reciprocal tariffs. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The US and Japan reached a trade agreement setting reciprocal tariffs for Japan at 15%<\/strong>, in exchange for some USD 550 bn in Japanese investments in the US, US President Donald Trump said in a social media post (with no confirmation yet from the Japanese government). (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/trump-says-trade-deal-struck-with-japan-includes-15-tariff-2025-07-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/trump-says-trade-deal-struck-with-japan-includes-15-tariff-2025-07-22\/\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/673dcb6e-79ce-49cf-8a94-f66d8df8d103\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-22\/trump-says-japan-deal-reached-with-tariff-rate-set-at-15\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/07\/23\/trump-announces-massive-trade-deal-with-japan-with-15percent-tariffs.html\" style=\"\" rel=\"noopener\">CNBC<\/a>) <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Trump also agreed to a 19% tariff with the Philippines and Indonesia<\/strong>, with zero tariffs on US goods exported to both countries. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/us-philippines-trade-talks-yield-modest-tariff-shift-after-trump-marcos-meeting-2025-07-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2025\/07\/22\/us-philippines-trade-deal-trump-tariffs\" style=\"\" rel=\"noopener\">Axios<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cbsnews.com\/news\/trump-announces-philippines-trade-deal-meeting-president-ferdinand-marcos\/\" style=\"\" rel=\"noopener\">CBS<\/a>) <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, China could be in for a deadline extension as officials are set to meet for talks in Stockholm next week<\/strong>, US Treasury Secretary Scott Bessent said. The discussions will also set out to \u201crebalance\u201d the US-China relationship, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/us-china-discuss-tariff-deadline-extension-trump-reaches-philippines-deal-2025-07-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of the US and China, Microsoft said Chinese hacking groups were involved in a major hack of its SharePoint software<\/strong>, which has affected hundreds \u2014 if not thousands \u2014 of firms and organizations hosting the software on-premise. (<a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/07\/22\/microsoft-sharepoint-chinese-hackers.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/technology\/2025\/07\/21\/china-hackers-microsoft-sharepoint\/\" style=\"\" rel=\"noopener\">Washington Post<\/a>)<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO GETTING PLENTY OF INK- <\/strong>Black Sabbath frontman and heavy metal legend Ozzy Osbourne has died aged 76, just weeks after his retirement concert. The Internet is flooded with obituaries for the singer. (<a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/music\/2025\/jul\/22\/ozzy-osbourne-black-sabbath-frontman-and-icon-of-british-heavy-metal-dies-aged-76\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/time.com\/7304618\/ozzy-osbourne-death\/\" style=\"\" rel=\"noopener\">Time<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/07\/22\/arts\/music\/ozzy-osbourne-prince-of-darkness-black-sabbath.html#:~:text=The%20rocker%20helped%20define%20the,show%20endeared%20him%20to%20generations.&amp;text=No%20dark%20lord%20of%20heavy,more%20lovable%20than%20Ozzy%20Osbourne.\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cp4gee2egz8o\" style=\"\" rel=\"noopener\">BBC<\/a>) <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2503.jpg?ssl=1\"><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> EnterpriseAM\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue: <\/strong>We look at local companies\u2019 role in Africa\u2019s USD 170 bn a year infrastructure push.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hassan-el-khatib\/\">Hassan El Khatib<\/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=\"668899 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=\"668899\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/23\/668899\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-668899\" class=\"content-area-description single-story post-668899 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>\n<div class=\"grouped-tags\">\n<p><span>Whether you&rsquo;re diving into turquoise waters, catching the golden hour from your terrace, or just letting time drift by &mdash; 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=\"668900\" 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=\"668900\">\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\">IPO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/23\/bonyans-share-price-closed-flat-on-debut-yesterday\/\">\r\n                            Bonyan\u2019s share price closed flat on debut yesterday                        <\/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\/23\/bonyans-share-price-closed-flat-on-debut-yesterday\/\" 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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Shares hit an intraday high of EGP 5.15 before closing the session largely flat at EGP 4.97 a pop. Total trading volume came in at 67.9 mn shares (that\u2019s 18% of the 363 mn shares debuted) executed across 10.3k trades. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bonyan\u2019s uneventful debut came despite the stock being granted a wider trading band<\/strong>, permitted to rise or fall by up to 40% \u2014 double the usual market limit \u2014 on its first day with no circuit breakers in place to curb volatility. Starting today, Bonyan shares will be subject to the same trading rules as the rest of the market. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cheap, but no spark: <\/strong>Despite a favorable valuation, Bonyan\u2019s debut was dragged down by a lack of catalysts, a muted real estate outlook, and investor preference for short-term visibility, Hany Genena, head of research at Al Ahly Pharos, told EnterpriseAM. Whether it gains traction may depend less on fundamentals and more on when and how it can prove its liquidity-generating capabilities, Genena explained. \u201cFrom a valuation standpoint, the stock is cheap,\u201d Genena said. Based on Bonyan\u2019s share price, the average valuation per sqm in its portfolio stands around EGP 94-95k. \u201cWhen you compare this to real estate prices in West or East Cairo \u2014 where the market speaks of EGP 200k per sqm and above \u2014 the offering came at nearly half the market rate,\u201d Genena explained. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not attractive to yield-seeking investors, until there\u2019s visibility on liquidity: <\/strong>\u201cAll real estate companies, and even others outside the sector, tend to face skepticism around cashflow visibility,\u201d he explained, citing a broader liquidity crunch. Bonyan, which announced it will not distribute dividends for at least two to three years due to ongoing expansion plans and outstanding liabilities, may have inadvertently alienated yield-seeking investors, Genena added. \u201cThis is why you see the markdown. Investors don't expect short-term payouts, and without clear catalysts, they\u2019re hesitant,\u201d he noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Broad-based market decline dragged Bonyan with it?<\/strong> The EGX30 slipped 0.96% yesterday, pulling back after hitting consecutive all-time highs at Sunday and Monday\u2019s close. Weighing further on the real estate sector was a surprise decision by the New Urban Communities Authority (NUCA) to impose fees of up to <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/90787\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%AD%D8%B5%D8%B1-%D8%BA%D8%B1%D8%A7%D9%85%D8%A7%D8%AA-%D8%A7%D9%84%D8%AA%D8%B5%D8%A7%D9%84%D8%AD-%D9%81%D9%8A-%D8%A7%D9%84%D8%A3%D8%B1%D8%A7%D8%B6%D9%8A-%D8%A8%D9%85%D9%82%D8%A7%D8%A8%D9%84-%D8%B9%D9%8A%D9%86%D9%8A\/\" style=\"\" rel=\"noopener\">EGP 1k per sqm on new hospitality developments in the North Coast<\/a>. Although Bonyan is not directly exposed \u2014 with its portfolio centered on income-generating administrative and logistics assets \u2014 the announcement dampened sentiment across the broader real estate space.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThe market tends to paint the sector with a broad brush,\u201d <\/strong>Genena explained. \u201cEven if a company isn\u2019t directly affected, sentiment matters \u2014 and [yesterday], sentiment was poor.\u201d Genena emphasized that this wasn\u2019t a case of bad timing or a poor summer window for IPOs. \u201cIt\u2019s not about summer or winter, Ramadan or Christmas \u2014 if the asset is good, it will trade well regardless of the season. Timing is not the issue. The market just isn\u2019t convinced there's a near-term upside.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who bought in?<\/strong> Its recent private placement attracted strong demand from major institutional investors, including Dar Al Handasah (which acquired 13% of the offering), Saudi Arabia\u2019s Olayan Group, CI Capital, Arqaam Capital, Azimut, Al Ahly Pharos, Mubasher, and funds affiliated with Arqaam Financial, <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2025\/07\/22\/1902977\" style=\"\" rel=\"noopener\">Al Borsa<\/a> reports citing Chairman Shamel Aboul Fadl as saying. Financial institutions took 60% of the placement, with the remaining 40% allocated to high-net-worth individuals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Bonyan priced its IPO at the lower end of its range (EGP 4.96) suggesting plenty of upside for buyers given the independent financial advisor said a fair value looks more like <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3388fab2-f51d-4152-bf33-c8e1ecc9e858\/bonyan-will-ring-the-bell-tomorrow-on-the-egx-with-an-opening-price-of-egp-4.96-per-share\" style=\"\" rel=\"noopener\">EGP 7.52<\/a>. The EGP 1.8 bn IPO had generated <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/08964974-db5e-431c-8fed-5b15556681a8\/institutional-investors-have-until-end-of-trading-to-subscribe-to%253cmark%253e-bonyan%253c%2Fmark%253e%25e2%2580%2599s-ipo\" style=\"\" rel=\"noopener\">strong demand<\/a> from both institutional and retail investors. The listing was accompanied by a solid 1Q earnings release, with rental and service charge revenues up 51% y-o-y to EGP 158.9 mn and gross asset value rising to EGP 16.6 bn, up from EGP 15.96 bn at the end of 2024. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE- <\/strong>Bonyan is raising EGP 250 mn through a capital increase fully subscribed by its main shareholder, Sky Realty Holding, in a bid to support the firm\u2019s expansion plans, Aboul Fadl added. Bonyan is entering the local logistics sector with the planned acquisition of an existing warehouse, part of a broader strategy to diversify income and boost recurring revenues, according to Aboul Fadl. The company is also nearing a transaction to acquire an administrative building in East Cairo worth up to EGP 1 bn, expected to close within two months. <\/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\/bonyan\/\">bonyan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO 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    <\/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\/23\/egp-strengthens-against-the-usd-following-significant-inflows\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1490.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"668904\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/23\/egp-strengthens-against-the-usd-following-significant-inflows\/1490-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1490.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1490.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1490.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1490.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-668903\" class=\"content-area-description single-story post-668903 post type-post status-publish format-standard has-post-thumbnail hentry category-egp-watch tag-egp tag-egp-watch tag-enterpriseam tag-exchange-rate 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\/.3daf3f1d-6460-4180-adf7-de7c60800929.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>EGP rises <\/strong><strong>to eight-month high against USD:<\/strong> The EGP rose against the greenback yesterday to its highest level since November 2024 yesterday \u2014 the USD was changing hands at EGP 49.02-49.12 at the end of yesterday\u2019s trading.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This rebound came on the back of substantial USD-denominated inflow<\/strong>, two sources in the banking sector told EnterpriseAM yesterday. Easing geopolitical tension and attractive interest rates spurred unprecedented foreign inflows into short and medium-term debt instruments, the sources noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>These \u201cextraordinary inflows\u201d coincided with the beginning of the new fiscal year, a <\/strong><strong>decline in debt obligations, and rising tax revenues<\/strong>, our sources said. These factors created a window for the Finance Ministry and the Central Bank of Egypt to manage yield rates, thereby making both the primary and secondary markets more attractive to investors, the sources added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, interbank USD transactions declined<\/strong> due to a surplus of USD liquidity held by most state and private banks in the country, further strengthening the EGP.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Will this momentum last?<\/strong> To maintain this trend, more foreign investors need to be drawn into the local debt market, primarily through the issuance of new debt instruments, the two sources said, adding that a continued weakening of the USD index\u2019s impact on emerging markets\u2019 currencies will also provide the EGP with a chance to recoup some of its losses. Finance Minister Ahmed Kouchouk recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f9343282-fd58-4a7e-8e67-471e616b077a\/egypt-eyes-usd-4-bn-bond-issuance-to-address-funding-gap\" style=\"\" rel=\"noopener\">said<\/a> that Egypt plans to issue up to USD 4 bn in international bonds over the next year to help address its USD 11 bn external financing gap.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign investors move early, propel EGP higher:<\/strong> The EGP rebound points to a preemptive move from foreign investors in treasury bills and bonds, as they see how Egypt is committed to having its upcoming review of its USD 8 bn IMF loan program completed, Al Ahly Pharos\u2019 Hany Genena told EnterpriseAM. \u201cThey [foreign investors] are preemptively banking on a potential interest rate cut by the CBE during its upcoming meeting in August,\u201d Genena noted. A combined fifth and sixth review of our IMF loan program is expected to conclude in September or October, unlocking a USD 2.5 bn tranche, Kouchouk <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e77b3616-8ca5-41b0-b0a7-8b2aa20b81ab\/finmin-expects%253cmark%253e-imf%253c%2Fmark%253e-reviews-to-wrap-up-this-fall,-unlocking-usd-2.5-bn-disbursement\" style=\"\" rel=\"noopener\">said<\/a> last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Genena sees the CBE\u2019s Monetary Policy Committee slashing rates by 100 bps when it <\/strong><strong>meets next month.<\/strong> Goldman Sachs <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/71455e45-b085-4721-9e80-d1a2cfee037c\/split-views:-goldman-vs.-deutsche-bank-on-monetary-easing-path\" style=\"\" rel=\"noopener\">said<\/a> in a recent research note that it sees no interest rate cuts before October, while Deutsche Bank is pencilling in a 200 bps cut in August, but highlights inflation risks that could influence the CBE\u2019s decision at the time. The CBE <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/17ae7656-42a3-4c38-8b5a-476d90cdb229\/egypt-holds-interest-rates-steady\" style=\"\" rel=\"noopener\">decided<\/a> earlier this month to leave interest rates unchanged in its fourth meeting of the year, in a move that marked a halt in the committee\u2019s easing cycle, after it cut rates by 225 bps in April and 100 bps in May.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Current talks with Qatar and Saudi Arabia<\/strong> regarding new investments could have also played a role, Genena noted, adding that significant USD inflows are expected to hit Egypt in 4Q.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>Qatar is reportedly set to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fe6a9b19-a7af-4a2a-ad8d-03ce448dae96\/%253cmark%253eqatar%253c%2Fmark%253e-nears-usd-4-bn-agreement-to-develop-sahel-mega-tourism-project\" style=\"\" rel=\"noopener\">invest<\/a> USD 4 bn in a major tourism development on the North Coast. The news comes a year after Abu Dhabi wealth fund ADQ signed the USD 35 bn agreement to develop Ras El Hekma. Kuwait is in talks to convert USD 4 bn of deposits it holds in Egypt\u2019s central bank into direct investments across several sectors, while Saudi Arabia also plans to convert some of its USD 10.3 bn in deposits into long-term investments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGP rebound aligns with Goldman\u2019s expectations:<\/strong> The global investment bank noted that the EGP spot rate will be supported by anticipated strong portfolio inflows. This outlook is also underpinned by strengthened international reserves, which provide an additional layer of support for the EGP\u2019s stability. Another aspect is that our local currency remains significantly undervalued, as the EGP is currently the second most undervalued currency among frontier FX Goldman Sachs covers, at about 30%. Goldman estimates that the EGP is likely to remain undervalued at 25% over the next 12 months, if the current exchange rate stabilizes near its current level.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egp\/\">EGP<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egp-watch\/\">EGP watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/exchange-rate\/\">exchange rate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"668905\" 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=\"668905\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Capital markets<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/23\/real-estate-banking-equities-and-incoming-ipos-behind-egx30-hitting-record-high\/\">\r\n                            What drove the EGX30 to a record high this week? Real estate + banking                        <\/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\/23\/real-estate-banking-equities-and-incoming-ipos-behind-egx30-hitting-record-high\/\" 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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href=\"https:\/\/api.whatsapp.com\/send?text=Real+estate+%2B+banking+equities+and+incoming+IPOs+behind+EGX30+hitting+record+high+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F07%2F23%2Freal-estate-banking-equities-and-incoming-ipos-behind-egx30-hitting-record-high%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\/23\/real-estate-banking-equities-and-incoming-ipos-behind-egx30-hitting-record-high\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1417.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"668906\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/23\/real-estate-banking-equities-and-incoming-ipos-behind-egx30-hitting-record-high\/1417-jpg-45\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1417.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1417.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1417.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1417.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-668905\" class=\"content-area-description single-story post-668905 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-capital-markets tag-egx tag-enterpriseam tag-ipo-watch 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\/.8b579bf7-9c4c-41a6-acd9-73350629921d.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The benchmark EGX30 hit fresh highs at the start of this week, buoyed by the banking and real<\/strong><strong> estate sectors, the expectation of new paper hitting the market<\/strong>, and a positive outlook for 2Q 2025 corporate earnings, according to analysts surveyed by EnterpriseAM. The positive sentiment pushed the EGX30 to record highs during Sunday and Monday\u2019s session, before inching down 1.0% at the close of play yesterday. The index is now up 13.66% YTD. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The banking sector largely drove the rally, led by index heavyweight CIB<\/strong>, several analysts we spoke with agreed. CIB\u2019s shares are up 15.4% YTD, and are up 0.7% this week alone. The bank\u2019s shares are a bellwether for the EGX30, indicating to analysts that the index is continuing on a general upwards trend.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banks are doing well, even as interest rates are starting to come down:<\/strong> The banking sector is broadly expected to report healthy earnings in 2Q 2025, which will further help support a stock market rally, even as the Central Bank of Egypt (CBE) moves ahead with its monetary easing cycle. As interest rates come down, investor interest in treasury bills is expected to cool off and instead be redirected to stocks, Managing Director of Alpha Financial Investments Mohamed told   EnterpriseAM. Interest rate cuts could also support growth in real estate by making loans and financing payments more palatable, therefore encouraging buyers, he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Real estate players \u2014 particularly expectations of a strong showing from the sector in 2Q earnings <\/strong><strong>\u2014 have also acted as significant catalysts<\/strong> for the index hitting record highs this week, according to our sources. The positive outlook on EGX-listed real estate companies\u2019 earnings is underpinned largely by these companies shifting towards \u201cexporting\u201d real estate, whether by attracting foreign investors to buy units in the local market or by bringing in FX revenues with projects outside of Egypt, Hassan told EnterpriseAM. The sustained drive to launch projects outside Egypt is expected to contribute to strong earnings from real estate players down the line, which will further support the stock market, Hassan said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> Talaat Moustafa Group is currently working on a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b5db17f0-230a-4be2-be63-4e0e08c06f16\/%253cmark%253etmg%253c%2Fmark%253e-inks-mou-with-iraqi-government-to-develop-baghdad-project\" style=\"\" rel=\"noopener\">USD 10 bn project in Iraq<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c9f6eda5-23c7-485f-93b2-c5a783e75b3a\/egyptian-real-estate-player-tmg-announces-oman-expansion-with-two-developments-in-the-pipeline\" style=\"\" rel=\"noopener\">two mixed-use<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c9f6eda5-23c7-485f-93b2-c5a783e75b3a\/egyptian-real-estate-player-tmg-announces-oman-expansion-with-two-developments-in-the-pipeline\" style=\"\" rel=\"noopener\">developments in Oman totaling USD 3.9 bn<\/a>, and its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1863d30d-e2c5-4721-8879-3f85b05ac31b\" style=\"\" rel=\"noopener\">USD 17.3 bn Benan City project in Saudi Arabia<\/a> that is already under construction. Palm Hills also moved into Saudi Arabia, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e8c01f42-0550-4daf-bcbe-f24cb75f179a\/\" style=\"\" rel=\"noopener\">partnering with Dallah Real Estate last year<\/a> to develop urban projects and 15 international schools in the kingdom, and also began working on expanding to the UAE through the establishment of a subsidiary and wholly owned limited liability company in Abu Dhabi <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/90fc1506-d3c0-4643-b326-f6f94ef6e0da\/palm-hills-will-expand-to-abu-dhabi\" style=\"\" rel=\"noopener\">earlier this year<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Then there\u2019s the recent revival of the country\u2019s IPO market:<\/strong> Bonyan\u2019s IPO \u2014 despite having a muted first day on the EGX \u2014 is an encouraging development for equities as a REIT-like company, which is a novelty for the market, Head of Investment at Tycoon Securities Brokerage Doaa Zidan said. Couple Bonyan\u2019s IPO (and the National Printing Company announcing its intention to float this week) with the highly anticipated <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/87fa41e8-4029-47f5-8465-b57ea067222b\/\" style=\"\" rel=\"noopener\">resumption of the government\u2019s privatization plans<\/a> and asset sales this fiscal year, and you\u2019ve got a lot more investor appetite being built up. All of this new paper may not itself be pushing up the index, but it is likely attracting a new segment of investors, which is driving up liquidity and turnover, Arabeya Online Securities Brokerage\u2019s High Net Worth Client Department Head Sameh Gharib said. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"668907\" 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=\"668907\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/23\/current-account-deficit-narrows-to-usd-13-2-bn-in-9m-2024-25\/\">\r\n                            Egypt\u2019s current account deficit narrows to USD 13.2 bn in 9M 2024-25                        <\/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\/23\/current-account-deficit-narrows-to-usd-13-2-bn-in-9m-2024-25\/\" 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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Most of the improvement came in 3Q, when the current account deficit narrowed 69.3% y-o-y on the back of surging remittances, higher tourism revenues, and a jump in non-oil exports.<\/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>BoP turns to the red:<\/strong> The overall balance of payments recorded a USD 1.9 bn deficit during the nine-month period, compared with a USD 4.1 bn surplus a year earlier. The shift \u201cwas mainly attributed to the decline in the net inflows of the capital and financial account, recording USD 7.7 bn compared to unprecedented inflows of USD 20 bn in the corresponding period, which included Ras El Hekma deal.\u201d<\/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\">DRIVING THE IMPROVEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Remittances soared:<\/strong> Remittances from Egyptians abroad jumped 82.7% y-o-y to USD 26.4 bn during the nine-month period, up from USD 14.5 bn a year earlier.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Tourism revenues continued to climb<\/strong>, rising 15.4% y-o-y to USD 12.5 bn, supported by a pickup in tourist nights to 134.3 mn from 116.4 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Investment income deficit eased:<\/strong> The investment income deficit narrowed 13.4% y-o-y to USD 12.2 bn, as investment income payments fell 6.9% to USD 14.1 bn and receipts jumped 74.0% to USD 1.9 bn.<\/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\">DRAGGING THE BALANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Non-oil trade deficit widened <\/strong>to USD 28 bn, up from USD 23.7 bn in 9M FY 2023-2024, due to increased spending on wheat, soybeans, spare parts for cars and tractors, maize, and raw tobacco. Imports jumped to USD 53.6 bn and the rise in exports wasn\u2019t not enough to help offset the increase.Non-oil exports rose 31.3% y-o-y to USD 25.6 bn, up from USD 19.5 bn, driven by a jump in gold, clothing, fruit, cables, and aluminum exports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Oil trade deficit doubled:<\/strong> The oil trade deficit expanded to USD 10.3 bn from USD 5.1 bn a year earlier, as oil imports rose to USD 14.5 bn on the back of higher gas, oil products, and crude imports. Meanwhile, oil exports inched down to USD 4.2 bn from USD 4.6 bn due to falling crude and gas shipments, partially offset by a rise in product exports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Suez Canal revenues plummeted:<\/strong> Suez Canal receipts fell 54.1% y-o-y to USD 2.6 bn during the first nine months of the last fiscal year, with net tonnage down 61.9% and vessel transits falling 44.8% amid continued Red Sea disruptions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- FDI inflows cooled off:<\/strong> Net FDI into Egypt fell to USD 9.8 bn from USD 23.7 bn, when inflows were inflated by the Ras El Hekma agreement. Non-oil FDI inflows came in at USD 9.1 bn, while oil FDI recorded a net inflow of USD 669.6 mn after a net outflow a year earlier.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Portfolio inflows dropped:<\/strong> Portfolio investment in Egypt registered a net inflow of USD 2.1 bn during the period, down from USD 14.6 bn in 9M 23-24.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- Debt repayments weighed on the balance:<\/strong> Egypt recorded a net repayment of USD 2.6 bn on medium- and long-term loans during the period between July 2024 and March 2025, compared to USD 1.9 bn a year earlier. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Egypt\u2019s current account deficit <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c0a2cc8d-588d-4507-ad86-3181558c5899\/current-account-deficit-rises-to-usd-11.1-bn-in-1h-fy-2024-2025\" style=\"\" rel=\"noopener\">widened to USD 11.1 bn in 1H FY 2024-2025<\/a>, driven by a rise in the trade deficit and a drop in Suez Canal revenues. The BoP was also in deficit during that period, recording USD 502.6 mn.<\/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\/balance-of-payments\/\">balance of payments<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fdi\/\">FDI<\/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=\"668909\" 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=\"668909\">\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\">A MESSAGE FROM VISA<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/23\/personal-ai-agents-will-soon-be-able-to-help-you-plan-book-and-pay-for-everything-at-the-click-of-a-button\/\">\r\n                            Personal AI agents will soon be able to help you plan, book and pay for everything at the click of a button                        <\/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\/23\/personal-ai-agents-will-soon-be-able-to-help-you-plan-book-and-pay-for-everything-at-the-click-of-a-button\/\" 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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Instead of manually browsing websites and making purchases, AI agents can proactively manage these processes based on user preferences and defined parameters. These intelligent digital assistants can search, recommend, and transact on your behalf.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cSearch and recommend\u201d commerce conversations with generative AI <\/strong><strong>are already <\/strong><strong>prevalent and yielding surprisingly good results<\/strong><strong>, but this is different. <\/strong> Imagine a hyper-personalized assistant that has access to your purchase history and knows everything about you right down to your shoe size, fitness routine, favorite foods, and preferred vacations spots. If you\u2019re going on a beach vacation for example, your agent can do everything for you short of packing, including ordering the sunscreen.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But for agentic commerce to work and make a real difference in the world, we need the <\/strong><strong>right payment capabilities. <\/strong>They must be on a network that provides safety, security, reliability, fraud protection, token services, and dispute protections.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is what Visa does best, bringing unmatched infrastructure, capabilities, and services <\/strong><strong>delivered through APIs<\/strong> to the entire world. That powerful combination is called Visa as a Service.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/corporate.visa.com\/en\/products\/intelligent-commerce.html\" style=\"\" rel=\"noopener\">Enter Visa Intelligent Commerce<\/a><\/strong>, a suite of tools designed to enable secure, agent-led commerce. These include tokenization, transaction controls, and advanced authentication features to ensure that every AI-powered transaction is both seamless and secure. Consumers stay in control, with visibility into and authority over agent actions involving payments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Visa Intelligent Commerce is now live in sandbox, and we\u2019re inviting our clients and partners to begin testing today, with a planned rollout for 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Curious to see a glimpse of the future of payments? <a target=\"_blank\" href=\"https:\/\/corporate.visa.com\/en\/businesses\/innovation.html\" style=\"\" rel=\"noopener\">Watch the Visa Intelligent Commerce<\/a><a target=\"_blank\" href=\"https:\/\/corporate.visa.com\/en\/businesses\/innovation.html\" style=\"\" rel=\"noopener\">product drop<\/a><a target=\"_blank\" href=\"https:\/\/corporate.visa.com\/en\/businesses\/innovation.html\" style=\"\" rel=\"noopener\">here<\/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\/a-message-from-visa\/\">A MESSAGE FROM VISA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/visa\/\">Visa<\/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=\"668911\" 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=\"668911\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/23\/qantara-west-to-host-three-new-chinese-textile-and-garment-factories-worth-usd-52-6-mn\/\">\r\n                            Egypt\u2019s Qantara West to host three new Chinese textile and garment factories worth USD 52.6 mn                        <\/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\/23\/qantara-west-to-host-three-new-chinese-textile-and-garment-factories-worth-usd-52-6-mn\/\" 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 contracts were signed in Nanjing, Jiangsu Province, during the SCZone\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/15556426-93db-4e96-9022-abefd47a8f43\/sczone-kicks-off-china-roadshow-to-attract-investments-in-evs,-textiles-and-ports\" style=\"\" rel=\"noopener\">first international promotional roadshow<\/a> for FY 2025-2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s building what? <\/strong><\/p>\n<ul>\n<li><strong>Changzhou East Noah Printing and Dyeing will invest USD 20 mn in a vertically <\/strong><strong>integrated textile factory.<\/strong> The facility will produce home textiles including blankets, bedding sets, and quilts with an annual capacity of 8 mn pieces. Around 90% of output will be exported, and the factory is expected to create 1k direct jobs.<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/goldenspring888.com\/pages\/about-us\" style=\"\" rel=\"noopener\">Changzhou Golden Spring Textile<\/a><\/strong><strong> will pump USD 24 mn into a factory for luxury <\/strong><strong>fabrics and home furnishings.<\/strong> The plant will have an annual capacity of 15.8k tons of fabric and 2 mn finished units, 90% of which will be exported to MENA, Europe, and the Americas. The remaining 10% will serve the local market. The project is also expected to create 1k jobs.<\/li>\n<li><strong><a target=\"_blank\" href=\"https:\/\/www.esaintycorp.com\/\" style=\"\" rel=\"noopener\">Jiangsu Sainty Corporation<\/a><\/strong><strong>, a subsidiary of Soho Holdings, will set up a USD 8.6 <\/strong><strong>mn ready-made garments factory.<\/strong> The facility will be 100% export-oriented and create 1.5k jobs. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The SCZone has carved out a dedicated space for textile projects in Qantara West<\/strong>, with SCZone head Walid Gamal El Din saying the sector is a top priority for localization thanks to its ability to create jobs and connect with supporting industries.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qantara West has become a hub for Chinese investment, now hosting 18 Chinese-led <\/strong><strong>projects out of 28 total. <\/strong>The 28 projects the zone hosts have a combined investment of USD 734.1 mn and will generate more than 38.4k jobs. The SCZone as a whole attracted more than <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/773fda5c-335b-4f1d-9c0f-ea7e8b80e296\/teda-egypt-to-invest-usd-100-mn-to-develop-infrastructure-on-a-plot-in-the-sokhna-industrial-zone\" style=\"\" rel=\"noopener\">USD 4 bn<\/a> in Chinese investments over the past three years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More in the pipeline:<\/strong> The SCZone is looking to drum up more Chinese investment. Talks are ongoing with Crystal International Group, which is eyeing a USD 250-300 mn textile factory in Qantara West. Officials are also in discussions with EV giant BYD to potentially set up operations within the zone.<\/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\/investment-watch\/\">investment watch<\/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\/west-qantara-industrial-zone\/\">West Qantara 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=\"668913\" 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=\"668913\">\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\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/23\/local-fintech-flend-raises-usd-3-mn-seed-round-to-fund-national-expansion\/\">\r\n                            Egyptian fintech Flend raises USD 3 mn seed round to fund national 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\/23\/local-fintech-flend-raises-usd-3-mn-seed-round-to-fund-national-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(); 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The equity round was led by fintech-focused accelerator Egypt Ventures, with participation from Camel Ventures, Banque Misr, Riyadh\u2019s Sukna Ventures, Abu Dhabi\u2019s Plus VC, and others. Meanwhile, debt was provided by the Micro, Small, and Medium Enterprise Development Agency and local banking partners.<\/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>Where\u2019s the money going? <\/strong>The fresh capital will be deployed to expand Flend\u2019s \u201cembedded financing through partnerships with leading digital platforms serving SMEs,\u201d according to the statement. The funds will also go toward hiring a larger team and deepening its \u201cproprietary tech infrastructure to serve Egypt\u2019s USD 50 bn SME financing gap.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Flend?<\/strong> Flend is the country\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/30be0c4c-ab4b-40ad-8f35-5b5bd6064599\/flend-secures-egypt%25e2%2580%2599s-first-digital-nbfi-license-for-sme-finance\" style=\"\" rel=\"noopener\">first Financial Regulatory Authority-regulated SME financing<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/30be0c4c-ab4b-40ad-8f35-5b5bd6064599\/flend-secures-egypt%25e2%2580%2599s-first-digital-nbfi-license-for-sme-finance\" style=\"\" rel=\"noopener\">platform<\/a>, which offers \u201cshort-term working capital through a fully digital process, from onboarding and credit scoring to disbursement and collection,\u201d according to the statement. \u201cBy embedding financing at the point of commerce, Flend improves reach, reduces acquisition costs, and leverages richer data for better credit decisions.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cWe are thrilled to partner with Flend and its outstanding team. Across sectors, access to capital for small and medium enterprises remains a persistent challenge. Flend\u2019s mission to digitally transform SME financing in Egypt to make access to finance easier, faster, and more inclusive will be critical to unlocking value across industries,\u201d said Egypt Ventures CEO Abdelrahman Mansour. <\/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\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/flend\/\">Flend<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                         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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\/23\/a-new-egyptian-saudi-egp-70-bn-real-estate-project\/\">\r\n                            A new Egyptian-Saudi EGP 70 bn real estate project                        <\/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\/23\/a-new-egyptian-saudi-egp-70-bn-real-estate-project\/\" target=\"_blank\">\n                    Open 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data-attachment-id=\"668917\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/23\/a-new-egyptian-saudi-egp-70-bn-real-estate-project\/1496-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1496.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1496.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1496.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1496.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-668916\" class=\"content-area-description single-story post-668916 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-credit-agricole tag-enterpriseam tag-infinity tag-insurance tag-investment-watch tag-oil-and-gas tag-real-estate tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408146\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408144.svg\" alt=\"\" class=\"wp-image-408144\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.1289249b-9e0c-433b-94e8-25ba9f3951db.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">REAL ESTATE-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Paragon, Adeer to develop EGP 70 bn mixed-use development in New Cairo: <\/strong>Local property developer Paragon Developments and Saudi Arabia\u2019s Adeer International \u2014 a subsidiary of Sumou Holding \u2014 have launched a joint development entity, which will work with Midar to develop a EGP 70 bn mixed-use project in New Cairo\u2019s Mostakbal City, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1466.pdf\" style=\"\" rel=\"noopener\">press release<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1466.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. The 500k sqm development will feature commercial, administrative, and hospitality components, and is being positioned as a smart, sustainable urban hub.<\/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 as well as external sources.)<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More on Somou\u2019s first real estate investment fund in Egypt: <\/strong>Sumou Holding is looking to launch a USD 1 bn real estate fund in Egypt by late 2025 or early 2026, Chairman Ayedh Al Qahtani told <a target=\"_blank\" href=\"https:\/\/x.com\/AlArabiyaBN_EG\/status\/1947693784814260265\" style=\"\" rel=\"noopener\">Al Arabiya<\/a> adding more color to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/59509f27-e0b4-48e4-a471-0bc6758f7920\/bonyan-makes-its-trading-debut-on-the-egx-today\" style=\"\" rel=\"noopener\">comments he made to Prime Minister Moustafa Madbouly<\/a> earlier this week. The company has been in talks with the EGX for nearly two years on regulatory changes that would make it easier for foreign and local developers to establish such funds. Al Qahtani expects Saudi investors to make up 30-40% of the fund\u2019s investor base, with the rest split between Egyptians and other foreign players.<\/p><p class=\"tag-border-left\">INVESTMENT-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Swiss, French players eye therapeutic nutrition manufacturing in Egypt:<\/strong> The Health Ministry is in talks with Switzerland-based clinical nutrition firm <a target=\"_blank\" href=\"https:\/\/www.medifoodinternational.com\/about-medifood\/\" style=\"\" rel=\"noopener\">Medifood<\/a> and French infant baby formula maker <a target=\"_blank\" href=\"https:\/\/www.modilac.com\/\" style=\"\" rel=\"noopener\">Modilac<\/a> to locally manufacture clinical nutrition products targeting disease-related malnutrition, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1289388416564909?ref=embed_post\" style=\"\" rel=\"noopener\">statement<\/a>. The proposed joint venture would establish Egyptian-Swiss-French production lines to serve the local and regional markets with clinical nutrition formulas for patients with conditions including kidney diseases, liver diseases, diabetes, and respiratory illnesses.<\/p><p class=\"tag-border-left\">ENERGY-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>K<\/strong><strong>ufpec Egypt, Shel<\/strong><strong>l sign off on Mina West gas development:<\/strong> Kuwait Foreign Petroleum Exploration Company\u2019s (Kufpec) Egypt arm and Shell have reached a final investment decision to develop the Mina West gas discovery in the North East El Amriya concession in the Mediterranean, Kuwaiti state news agency <a target=\"_blank\" href=\"https:\/\/www.kuna.net.kw\/ArticleDetails.aspx?id=3241757&amp;language=ar#\" style=\"\" rel=\"noopener\">KUNA<\/a> reported.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> Shell\u2019s two North East El Amriya concession gas fields \u2014 Mina West and Khufu \u2014 could add a combined <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4a7352ec-4728-4d25-996c-f388b1e738c9\/egypt-to-start-manufacturing-faw-evs-in-less-than-a-year.-plus:-pharma,-commodities,-telecom-news\" style=\"\" rel=\"noopener\">2 tn cubic feet<\/a> of gas to the country\u2019s reserves.<\/p><p class=\"tag-border-left\">RENEWABLES-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Infinity partners with Cr\u00e9dit Agricole to finance solar home solutions:<\/strong> Our friends at renewables giant Infinity have partnered with Cr\u00e9dit Agricole Egypt to expand access to residential solar energy through a new financing program, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1468.pdf\" style=\"\" rel=\"noopener\">joint press release (pdf)<\/a>. Under the agreement, Infinity customers can now access a solar loan offered by Cr\u00e9dit Agricole with preferential interest rates and repayment terms of up to seven years. The loan covers a range of solar products \u2014 including home solar systems \u2014 and is designed to remove financial barriers for households for more affordable renewable energy transition.<\/p><p class=\"tag-border-left\">NBFS-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nice Deer w<\/strong><strong>as given the green light by the Financial Regulatory Authority to become the <\/strong><strong>country\u2019s first NBFI providing factoring services for deferred medical ins. claims<\/strong>, the local insurtech startup said in a statement. The platform seeks to convert delayed ins. receivables into immediate payments for medical service providers, helping address liquidity issues in the healthcare system.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/credit-agricole\/\">Credit Agricole<\/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\" 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  \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"668918\" 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=\"668918\">\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\/23\/trumps-tariff-blitz-could-choke-chinas-alternative-exporting-routes\/\">\r\n                            Trump\u2019s tariff blitz could choke China\u2019s alternative exporting routes                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div 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data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1482.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1482.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1482.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-668918\" class=\"content-area-description single-story post-668918 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam tag-financial-markets tag-planet-finance tag-tariffs 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\/.e6eff016-cf60-4868-97ef-fd00125389d5.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Trump administration is intensifying efforts to undercut China\u2019s exports by <\/strong><strong>targeting transshipment networks<\/strong>, raising tariffs and tightening supply-chain rules on goods routed through third countries, according to <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-22\/trump-targeting-trade-loopholes-risks-70-of-china-exports-to-us?srnd=phx-economics-v2\" style=\"\" rel=\"noopener\">Bloomberg<\/a> analysts. This strategy risks choking off 70% of China\u2019s exports to the US \u2014 equivalent to over 2.1% of China\u2019s GDP.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Since Trump\u2019s first trade war during his first term<\/strong>, China has increasingly leaned on countries like Vietnam, Mexico, and parts of the EU for finishing goods or components bound for the US, in a bid to cushion the blow of US tariffs. China\u2019s share of value-added manufacturing via third countries rose 22% in 2023, up from 14% in 2017, according to Bloomberg Economics.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Away from China or else:<\/strong> Trump\u2019s administration <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/bc6b1f7a-36a4-4b7b-b9c4-ed111fd7ddd9?utm_source=chatgpt.com\" style=\"\" rel=\"noopener\">is threatening<\/a> to slap 25-40% tariffs on goods from Cambodia, Indonesia, Laos, Malaysia, and Thailand to enforce his terms \u2014 including curbing China\u2019s exports \u2014 in trade negotiations ahead of his 1 August deadline. Vietnam was the first Asian country to yield, <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2bccd9db-bc8f-4563-a5da-7ca1fe7e9596?utm_source=chatgpt.com\" style=\"\" rel=\"noopener\">accepting an agreement<\/a> that puts a flat 20% tariff and a 40% levy on transshipped goods, and drawing Beijing\u2019s criticism.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The war extends beyond Asia: <\/strong>The US <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/e9d311f3-ce7d-4f72-8a46-a84b1181ff33\" style=\"\" rel=\"noopener\">reached an agreement with the UK<\/a> in May that included security requirements for steel and pharmaceuticals, terms which were seen as an attempt to push Chinese products out of British supply chains. \u201cCo-operation between states should not be conducted against or to the detriment of the interests of third parties,\u201d China\u2019s foreign ministry told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/52f7be1c-e708-4b01-b486-7f189a52c842\" style=\"\" rel=\"noopener\">Financial Times<\/a> at the time.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Business backpedal:<\/strong> Economists warn that enhanced tariffs or new supply\u2011chain mandates could significantly disrupt China\u2019s export activity and dent long-term growth. There\u2019s also concern that tighter rules could make international firms more hesitant to rely on Chinese components or production, harming business confidence and investment.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Yet<\/strong> <strong>enforcement faces its own challenges.<\/strong> The US definitions of \u201clocalized goods\u201d remain vague, and verification protocols for origin remain underdeveloped, Bloomberg analysts said. The success of the policy will hinge on enforcement capabilities and compliance of third-country partners.<\/p><p class=\"tag-border-left\">ALSO FROM PLANET FINANCE-<\/p><ul>\n<li><strong>JP Morgan may soon let clients borrow using cryptocurrencies<\/strong>, a sharp shift from CEO Jamie Dimon\u2019s earlier crypto criticism. While JP Morgan won\u2019t hold crypto directly, it could partner with firms like Coinbase to manage crypto assets. The bank already lends against crypto-linked ETFs, and is expanding to actual tokens in a bid to outpace rivals like Goldman Sachs. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/70279a78-6e48-49ec-a0c3-b091e9d87bc1\" style=\"\" rel=\"noopener\">Financial Times<\/a>)<\/li>\n<\/ul><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 in the green<\/strong>, led by Japan\u2019s Nikkei which jumped 2.8% in early trading on news of a trade agreement with the US. Meanwhile, Wall Street futures are showing softer gains after another record closing for the S&amp;P 500.<\/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\">33,803<\/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: +13.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 49.15<\/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 49.01<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CIB<\/strong><strong>) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 49.02<\/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 49.12<\/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\">10,843<\/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: -9.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">10,179<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: +8.1%)<\/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>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\">6,025<\/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: +16.8%)<\/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\">6,310<\/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: +7.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,024<\/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: +10.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,290<\/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: +8.1%)<\/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>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 68.74<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.26<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.9%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 3,443<\/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>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 119,639<\/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: +27.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">882.41<\/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: +13.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">146.28<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +4.5%)<\/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>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\">16.50<\/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\">-0.9% (YTD: -4.9%)<\/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 1.0% at yesterday\u2019s close<\/strong> on turnover of EGP 4.1 bn (18.4% above the 90-day average). Local investors were the sole net sellers. The index is up 13.7% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Edita (+2.7%), Orascom Construction (+0.5%), and Qalaa Holdings (+0.3%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Madinet Masr (-2.7%), GB Corp (-2.5%), and Juhayna (-2.4%).<\/p><p class=\"tag-border-left\">CORPORATE ACTIONS- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Macro Group<\/strong><strong>\u2019s <\/strong><strong>board<\/strong><strong> approved raising its authorized capital 12x to EGP 6.8 bn<\/strong>, up from EGP 575.0 mn, and its issued capital to EGP 684.2 mn, up from EGP 114.0 mn, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1435.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>. The EGP 570 mn increase will be funded in banknotes through a rights issue, with 2.9 bn new shares offered to existing shareholders at a par value of EGP 0.20 per share.<\/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- Edita Foo<\/strong><strong>d Industries\u2019 board approved a plan to repurchase 14 mn <\/strong><strong>shares <\/strong>\u2014 equivalent to 1% of the company's total outstanding shares \u2014 as treasury shares through open market transactions over a one-month period, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1436.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>. The transaction will be funded through the company\u2019s own resources, with Al Ahly Pharos Securities appointed as a broker to execute the transaction.<\/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>#3- Arabian Cem<\/strong><strong>ent\u2019s board signed off on a plan to buy back up to 15.1 mn shares<\/strong> \u2014 equivalent to 4% of its total issued capital \u2014 as treasury shares via open-market transactions, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/1443.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>. <\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tariffs\/\">Tariffs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull hardhat vertical-section wide-section wp-block-group issue-section\" id=\"668920\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27467.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep-dive into infrastructure in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27479.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Wednesday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/hardhat\/\">\r\n                            Read Hardhat                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">11<\/div>\r\n    \r\n                        <p class=\"f-graphik\">HARDHAT<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/local-companies-are-playing-an-increasingly-important-role-in-africas-usd-170-bn-a-year-infrastructure-push\/\"> \r\n                            Egyptian companies are playing an increasingly important role in Africa\u2019s USD 170 bn a year infrastructure push<\/a>\r\n                        <\/h3>\r\n    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/local-companies-are-playing-an-increasingly-important-role-in-africas-usd-170-bn-a-year-infrastructure-push\/\" 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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To develop all of these transport, utilities, and energy projects across the continent, the wider African private and public sector has been increasingly looking toward Egyptian firms to design, build, and even manage many of these projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite an abundance of ambition, the continent faces a USD 96 bn financing gap<\/strong>, which the report attributes to a shift of fiscal priorities away from long-term development spending that started with Covid-19. The AfDB even thinks that around 40% of productivity rate declines in African nations can be \u201cdirectly attributed to inadequate infrastructure,\u201d taking off a sizable 2 percentage points in annual GDP growth on average per nation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the AfDB thinks the tide may be turning<\/strong>, as African nations prioritize \u201cinfrastructure not just as a development tool but as a lever for economic competitiveness and a geopolitical tool for resilience and realignment.\u201d Alongside progress to bring down tariffs between African nations spearheaded by the African Continental Free Trade Area, infrastructure is also a hugely important non-tariff barrier that the continent is looking to address. \u201cEfficient, interconnected infrastructure, including cross-border energy networks, railways, ports, and trade corridors, is essential to unlocking intra-African trade, reducing logistics costs, and enabling Africa\u2019s structural transformation,\u201d according to the report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Poor infrastructure is a big contributor to high prices \u2014 and with it low levels of <\/strong><strong>intra-Africa trade. <\/strong>A big contributing factor to why products from other African nations are either not so common on store shelves or are unusually expensive is that 29% of the cost of products traded between African nations is due to road transport costs, according to the AfDB. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As things stand, just 16 of the 52 African countries source more than 0.5% of their <\/strong><strong>intermediate goods from within Africa.<\/strong> Despite all sitting on the same continent, imports from outside Africa are often cheaper \u2014 a fact that the African Union, AfDB, and many others are trying to change. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s not just poor roads making African products expensive; poor energy infrastructure is <\/strong><strong>also a bugbear<\/strong>, especially with over half of Africa lacking reliable electricity access. Unreliable or insufficient energy makes manufacturing a much less attractive option, especially if you\u2019re a foreign investor. Agriculture is also particularly affected by energy supply shortfalls, which the bank says is a big contributing factor to why only 10% of arable land in Africa is cultivated and 6% irrigated.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Expanding water access and sanitation takes up the lion\u2019s share of projected financing <\/strong><strong>needs<\/strong>, with the continent needing USD 56-66 bn a year to meet its target of complete water access in both urban and rural areas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Both state-owned and private sector players have been active on this front on the <\/strong><strong>continent<\/strong>, including big-ticket projects like Orascom Construction and its Besix arm\u2019s public-private partnership to build the USD 257 bn Hamma Seawater Desalination Plant in Algeria. State-owned Arab Contractors has been the most prominent Egyptian company working on water-related projects in Africa, having signed contracts for six wastewater treatment plants in the Ivory Coast and completing a drinking water purification station in Equatorial Guinea.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Energy infrastructure needs are expected to be pretty costly<\/strong>, amounting to anywhere between USD 25-50 bn a year for the bank to reach complete electrification of cities and 95% coverage for rural areas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Once again, private and public sector players from home have been playing an important <\/strong><strong>role in both big and small projects. <\/strong>On the large side is the USD 2.9 bn Julius Nyerere Hydropower Plant and Dam in Tanzania, which was designed and constructed by a joint venture between the Arab Contractors and the private sector\u2019s Elsewedy Electric, using the help of 1k Egyptian workers. Elsewedy Electric has a presence in Algeria, Ethiopia, Nigeria, Zambia, Morocco, Burkina Faso, Uganda, Kenya, Libya, the Ivory Coast, and Madagascar for a range of electricity and transmission projects. Orascom Construction subsidiary Besix set up <a target=\"_blank\" href=\"https:\/\/www.besix.com\/en\/news\/successful-waterproof-performance-tests-at-the-nachtigal-hydro-electric-power-project-cameroon\" style=\"\" rel=\"noopener\">a hydroelectric power project<\/a> on Cameroon's Sanaga River in 2023, which covers some 30% of the country\u2019s energy needs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other African countries are looking toward Egypt for help with solar projects in <\/strong><strong>particular<\/strong>, with potentially over USD 5 bn worth of projects lined up for Egyptian companies on the continent over the next five years, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/063271cf-2d00-44d8-9f75-3f2c083aedce\/africa-is-looking-toward-egyptian-companies-to-help-achieve-its-solar-ambitions\" style=\"\" rel=\"noopener\">informed sources have previously told EnterpriseAM<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Planes, trains, and <\/strong><strong>vehicles<\/strong><strong> \u2014 along with everything else we need to move goods and <\/strong><strong>people \u2014 also come with a hefty price tag<\/strong>, with a lower estimate of USD 35 bn and higher estimate of USD 47 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Again, Arab Contractors has an outsized presence with logistics infrastructure<\/strong>, with several projects by the state-owned company spanning the entire continent. The company has numerous completed or in-the-works road projects in several African countries, including the 1.7k km road <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/55498e50-8e41-47d9-8781-8abf16961180\/the-cement-industry-is-recovering,-but-challenges-remain\" style=\"\" rel=\"noopener\">connecting Egypt, Libya, and Chad<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt is also setting up a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/22b5959a-2b10-4323-932d-f01678150752\/egypt-to-establish-a-logistics-zone-in-rwanda\" style=\"\" rel=\"noopener\">logistics zone in Rwanda<\/a><\/strong><strong> in a bid to help facilitate Egyptian <\/strong><strong>companies\u2019 access to the Rwandan market<\/strong>, which will be accommodated by a logistics corridor <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1bdb38ca-79bb-45e1-912e-33abdb685bea\/energean-to-release-orion-results-in-two-to-three-weeks.-plus:-egypt-to-establish-tanzania-%253cmark%253erwanda%253c%2Fmark%253e-logistics-corridor\" style=\"\" rel=\"noopener\">connecting Tanzania and Rwanda<\/a> in a bid to facilitate the flow of Egyptian exports to Africa. Egypt and Sudan also inked a contract to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a75b6084-6a7d-45fe-9769-ec84c33cd4db\/turkey%25e2%2580%2599s-%25c5%259eirik%25c3%25a7io%25c4%259flu-to-establish-a-usd-20-mn-denim-factory-in-qantara-west.-plus:-egypt-%253cmark%253esudan%253c%2Fmark%253e-logistics-zone,-gb-auto-%2B-changan,-paragon-developments,-norpetco\" style=\"\" rel=\"noopener\">establish a logistics zone on the border crossing<\/a> between them last month, and there\u2019s been talk of a similar project with Libya for some time. Local players have also been working on several port development projects, including the Arab Contractors\u2019 EUR 60 mn Comoros port project.<\/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>Your top infrastructure stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>China\u2019s Belt and Road Initiative <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cd9c2a5d-2d46-410e-93e9-8820e809d6a1\/egx30-hits-record-high\" style=\"\" rel=\"noopener\">funnelled investments worth USD 4.8 bn into<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cd9c2a5d-2d46-410e-93e9-8820e809d6a1\/egx30-hits-record-high\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong> in 1H 2025<\/strong>, making the country the third-biggest investment destination of the initiative globally \u2014 coming behind Kazakhstan and Thailand.<\/li>\n<li><strong>Teda Egypt <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/773fda5c-335b-4f1d-9c0f-ea7e8b80e296\/teda-egypt-to-invest-usd-100-mn-to-develop%253cmark%253e-infrastructure%253c%2Fmark%253e-on-a-plot-in-the-sokhna-industrial-zone\" style=\"\" rel=\"noopener\">will invest USD 100 mn to develop infrastructure<\/a><\/strong><strong> on a 2.9 sq km <\/strong><strong>industrial plot in the Sokhna Industrial Zone<\/strong> in partnership with the Main Development Company. <\/li>\n<li><strong>Talabat\u2019s grocery and retail arm Talabat Mart established a 22.4k sqm distribution <\/strong><strong>center<\/strong> \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9a2411fc-8f14-47f2-8422-91f32e41ba8b\/talabat-launches-its-largest-distribution-center-in-mena-in-yanmu\" style=\"\" rel=\"noopener\">its largest in the MENA region<\/a> \u2014 in Yanmu East Logistics Park. <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/arab-contractors\/\">Arab Contractors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hardhat\/\">Hardhat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/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                    <\/div>\n    <\/div>\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"668922\" 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\/23\/668922\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-668922\" class=\"content-area-description single-story post-668922 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 style=\"font-weight:400;\">24 July (Thursday): Holiday in observance of the 23 July Revolution.<\/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>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>3-5 August (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/reg.edugate-eg.com\/events\/event?id=36\" style=\"\">Edugate<\/a><\/span><span style=\"font-weight:400;\"> Cairo, Royal Maxim Palace Kempinski Hotel in New Cairo<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>6 August (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/reg.edugate-eg.com\/events\/event?id=37\" style=\"\">Egugate<\/a><\/span><span> Alexandria, Hilton Green Plaza Hotel, Alexandria<\/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 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 style=\"font-weight:400;\">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 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>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=\"\"> in Tenth of Ramadan to begin operations, with <\/span><span>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>23-25 October (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/stoneafrica.com\/\" style=\"\">Stone Africa Expo<\/a><\/span><span style=\"font-weight:400;\">, Cairo International Conference Center.<\/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 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 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>4Q 2025-1Q 2026: Kasrawy Group to launch first <\/span><span>Avatr<\/span><span style=\"font-weight:400;\"> 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 style=\"font-weight:400;\">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 style=\"font-weight:400;\">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\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>EGP hits 2025 high against the USD | Current account deficit narrows | What drove this week\u2019s EGX30 rally?<\/p>\n","protected":false},"featured_media":668896,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-668895","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"a2f2e41a-e41c-4d0d-9cc5-25f74b55d0d4","teaser":"EGP hits 2025 high against the USD | Current account deficit narrows | What drove this week\u2019s EGX30 rally?","photo_url":"https:\/\/ent.news\/2025\/7\/1494.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bonyan closes flat on debut - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/bonyan-closes-flat-on-debut\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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