{"id":670121,"date":"2025-08-14T00:00:00","date_gmt":"2025-08-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=670121"},"modified":"2025-12-18T07:18:16","modified_gmt":"2025-12-18T07:18:16","slug":"chinese-tire-giant-sailun-will-set-up-usd-1-bn-plan-here","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/chinese-tire-giant-sailun-will-set-up-usd-1-bn-plan-here\/","title":{"rendered":"Chinese tire giant Sailun will set up USD 1 bn plan here"},"content":{"rendered":"<section id=\"670123\" 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=\"670123\">\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\/08\/14\/govt-wants-to-boost-gas-production-to-6-6-bn-cf-d-by-2027\/\">\r\n                            Egypt wants to boost gas production to 6.6 bn cf\/d by 2027                        <\/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\/08\/14\/govt-wants-to-boost-gas-production-to-6-6-bn-cf-d-by-2027\/\" target=\"_blank\">\n                    Open in new tab                   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          <a href=\"https:\/\/api.whatsapp.com\/send?text=Gov%E2%80%99t+wants+to+boost+gas+production+to+6.6+bn+cf%2Fd+by+2027+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F08%2F14%2Fgovt-wants-to-boost-gas-production-to-6-6-bn-cf-d-by-2027%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\/08\/14\/govt-wants-to-boost-gas-production-to-6-6-bn-cf-d-by-2027\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1276.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"670124\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/14\/govt-wants-to-boost-gas-production-to-6-6-bn-cf-d-by-2027\/1276-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1276.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1276.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1276.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1276.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-670123\" class=\"content-area-description single-story post-670123 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseam tag-oil-and-gas tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.ec612f9f-0756-4d6d-befb-27937b6ca9e6.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, <\/strong><strong>ladies and gentlemen. <\/strong>We close out the week with another busy issue led by Capital Economics\u2019 take on what the strengthening EGP could mean for the country\u2019s GDP and account deficit. We also have some good news for our automotive localization efforts \u2014 Chinese tire giant Sailun will set up a USD 1 bn plan in Ain Sokhna that will kick off production next year. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And even more good news: <\/strong>Home appliance distributors are slashing their prices in response to government initiatives and a strengthening EGP. <\/p><p class=\"tag-border-left\">PSA- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>Make sure to grab your sunglasses and water bottles before heading out this morning as Cairo is in for one very hot day. The capital is looking at a high of 42\u00b0C (that will feel more like 44\u00b0C) and a low of 27\u00b0C today, 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 36\u00b0C and a low of 39\u00b0C.<\/p><p class=\"tag-border-left\">FX WATCH- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>JUST LIKE CLOCKWORK- <\/strong>CIB has increased the amount of USD it will sell to travelers to USD 10k and raised the ceiling on credit card FX transactions for purchases abroad, according to statements seen by EnterpriseAM. You can check out the <a target=\"_blank\" href=\"https:\/\/www.cibeg.com\/-\/media\/project\/downloads\/fees-and-charges\/personal-arabic\/new-international-limits-for-debit-and-credit-cards---a.pdf?utm_source=International%20Spending%20Limit%20Ar%20SMS&amp;utm_campaign=International%20Spending%20Limit%20Ar%20SMS&amp;utm_content=International%20Spending%20Limit%20Ar%20SMS&amp;utm_medium=International%20Spending%20Limit%20Ar%20SMS\" style=\"\" rel=\"noopener\">details<\/a> on the lender\u2019s website. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The move to raise the amount sold to travelers comes a day after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2d6e7a4e-7306-476c-8092-75ace49c4908\/egyptian-banks-are-loosening-up-fx-restrictions\" style=\"\" rel=\"noopener\">the National Bank of<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2d6e7a4e-7306-476c-8092-75ace49c4908\/egyptian-banks-are-loosening-up-fx-restrictions\" style=\"\" rel=\"noopener\">Egypt and Banque Misr announced similar decisions<\/a> in the latest sign that the FX crunch is a thing of the past. CIB as well as NBE, Banque Misr, and ADIB Egypt earlier this week announced that they are slashing markup fees on credit card FX transactions to 3%. The moves come as the Central Bank of Egypt and commercial banks respond to stronger USD liquidity, boosted by higher tourism revenues, and an uptick in remittances, exports, and portfolio investments, banking sources previously told EnterpriseAM.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other banks have started following suit:<\/strong> QNB Egypt <a target=\"_blank\" href=\"https:\/\/hapijournal.com\/2025\/08\/13\/%d8%b9%d8%a7%d8%ac%d9%84-%d8%a8%d9%86%d9%83-qnb-%d9%85%d8%b5%d8%b1-%d9%8a%d8%ae%d9%81%d8%b6-%d8%b1%d8%b3%d9%88%d9%85-%d8%aa%d8%af%d8%a8%d9%8a%d8%b1-%d8%a7%d9%84%d8%b9%d9%85%d9%84%d8%a9-%d8%a7%d9%84\/\" style=\"\" rel=\"noopener\">has cut its markup fees<\/a> on credit card FX transactions to 2% and raised the monthly international limit for select premium cards to EGP 500k.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p class=\"tag-border-left\">PROJECT UPDATE-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt is planning to launch its new USD 1.6 bn Qena-Safaga <\/strong><strong>high-speed rail line by 1H 2026<\/strong>, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/94032\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D8%AE%D8%B7-%D8%AC%D8%AF%D9%8A%D8%AF-%D9%85%D9%86-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B1-%D8%A7%D9%84%D8%B3%D8%B1%D9%8A%D8%B9-%D8%AC%D9%86%D9%88%D8%A8-%D8%A7%D9%84%D8%A8%D9%84%D8%A7%D8%AF\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing three unnamed officials. The project \u2014 the third of its type in a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/13c77944-a194-421e-b52d-c3ab09523df6\" style=\"\" rel=\"noopener\">1.8k km new high-speed network<\/a> planned across the country \u2014 will be implemented by a consortium of Siemens Mobility, Arab Contractors, Orascom Construction, and Elsewedy Electric, under the supervision of the National Tunnel Authority, one of the sources told the news outlet. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new line will span 175 km<\/strong>, linking Upper Egypt\u2019s Qena to the Red Sea\u2019s Hurghada and Safaga and boasting a daily capacity of 200k passengers and 1.5k tons of cargo, according to the National Authority for Tunnels\u2019 <a target=\"_blank\" href=\"http:\/\/www.nat.gov.eg\/LocationActivity.aspx?id=2120\" style=\"\" rel=\"noopener\">website<\/a>. <\/p><p class=\"tag-border-left\">DATA POINT- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a> <strong>Egypt aims to boost its gas production to 6.6 bn cubic feet per day by 2027<\/strong>, Prime Minister Moustafa Madbouly said during his weekly presser yesterday. Production currently stands at 4.1 bn cubic feet per day. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The government is preparing a new bidding round to attract energy investors and is seeking to increase natural gas production by developing several fields to produce some <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a5f1b506-9c12-48a3-bdd5-1836e7f250ab\" style=\"\" rel=\"noopener\">300 to 350 bn cubic feet<\/a> of gas, a government source previously told us. The plan to increase production will reduce the import bill for petroleum products for the current fiscal year by approximately USD 1.5 bn, according to the source.<\/p><p class=\"tag-border-left\">ELECTIONS WATCH-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>A total of 195<\/strong><strong> of the 200 elected Senate seats were settled in the first round of voting<\/strong>, National Election Authority Chairman Hazem Badawy said earlier this week at a presser where he announced the results of the Senate election (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/neaegypt\/videos\/24238693819103870?locale=ar_AR\" style=\"\" rel=\"noopener\">watch, runtime; 32:57<\/a>). The National Unified List \u2014 the only closed party list in the race \u2014 secured all 100 list-based seats after passing the 5% threshold in all four constituencies.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Runoffs will be held for the remaining five seats<\/strong> across Gharbia, Beni Suef, New Valley, Luxor, and Ismailia on 25-26 August for Egyptians abroad and on 27-28 August for voters at home. Final results are expected to be announced on 4 September.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some 11.8 mn out of 69.3 mn eligible voters cast their ballots<\/strong> \u2014 equivalent to 17.1% of eligible voters \u2014 with turnout reaching just over 26% in Cairo and Giza and 16% in Alexandria.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/p><\/div>\n<\/div>\n<\/div><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we now cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p><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>CORRECTION<\/strong><strong>- <\/strong>In yesterday\u2019s issue of EnterpriseAM Egypt, we made a typo stating that Bonyan\u2019s fair asset value was around half of its market capitalization. As stated elsewhere in the story, it is double the market capitalization. We have since amended the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b14524a0-b4c6-4120-9d88-837df53831d2\/rise-in%253cmark%253e-bonyan%253c%2Fmark%253e%25e2%2580%2599s-gross-asset-value-shows-stocks-trading-at-half-their-fair-equity-value\" style=\"\" rel=\"noopener\">story<\/a> on our website.<\/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>It\u2019s much less of a business-focused morning in the international press this morning<\/strong> as US President Donald Trump\u2019s upcoming summit with Russia\u2019s Vladimir Putin dominates headlines. Trump threatened Russia with \u201csevere consequences\u201d if Putin doesn\u2019t agree to a ceasefire during their upcoming meeting, and has agreed with the leaders of Ukraine and other European countries that he would not enter territory negotiations with Putin on Friday. The <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/trump-talks-ukraine-red-lines-with-europe-before-putin-summit-cd691edf\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> and <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/trump-threatens-severe-consequences-if-putin-blocks-ukraine-peace-2025-08-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> have more.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN THE BUSINESS AND FINANCE WORLD-<\/strong> Crypto exchange Bullish saw its shares close up 83.8% on its first day of trading on the NYSE, after rising as much as 219% in intraday trading. The crypto player \u2014 which had priced its IPO above its price guidance \u2014 raised c. USD 1.1 bn in the IPO, and now has a market value of USD 9.9 bn. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-08-13\/crypto-firm-bullish-surges-143-in-debut-after-1-1-billion-ipo\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/finance\/stocks\/bullish-ipo-blsh-stock-5815d8c1\" style=\"\" rel=\"noopener\">WSJ<\/a>)<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Succession plans at the US Federal Reserve are beginning to take form ahead the <\/strong><strong>end of Fed Chairman Jerome Powell\u2019s second term<\/strong> next May. The US Treasury has selected a list of 11 candidates for Trump to select, including Jefferies Chief Market Strategist David Zervos, BlackRock CIO of Global Fixed Income Rick Rieder, and a handful of current and former Fed governors. <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/video\/2025\/08\/13\/president-trump-expands-search-for-next-federal-reserve-chair.html\" style=\"\" rel=\"noopener\">CNBC<\/a> and the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f2505027-09e7-48ad-adc7-9af2647a8041\" style=\"\" rel=\"noopener\">Financial Times<\/a> have the story. <\/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\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"670125 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=\"670125\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/14\/670125\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-670125\" class=\"content-area-description single-story post-670125 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\/8\/664.jpg?ssl=1\"><\/a><\/span><\/p>\n<div class=\"grouped-tags\">\n<p><span>Whether you&rsquo;re diving into turquoise waters, catching 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=\"670126\" 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=\"670126\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/14\/sailun-group-to-invest-usd-1-bn-in-sokhna-tire-plant\/\">\r\n                            Sailun Group to invest USD 1 bn in Sokhna tire plant                        <\/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\/08\/14\/sailun-group-to-invest-usd-1-bn-in-sokhna-tire-plant\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The 350k sqm facility will be developed in three phases over three years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The first phase will begin production in 2026<\/strong>, with a capacity of 3 mn passenger car tires and 600k truck and bus tires annually. Once fully operational, the factory\u2019s total output will exceed 10 mn tires a year, serving both local and export markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sailun is no small fish in the world of tires<\/strong>, ranking as the largest listed tire company in China by revenue. Globally, Sailun ranks as the tenth largest tire company by brand value, according to <a target=\"_blank\" href=\"https:\/\/brandfinance.com\/press-releases\/sailun-gains-traction-by-entering-the-global-top-10-tyres-ranking-for-the-first-time-in-2025#:~:text=Sailun%20(brand%20value%20up%2013,time%20after%20overtaking%20Toyo%20Tires.\" style=\"\" rel=\"noopener\">Brand Finance\u2019s<\/a> 2025 rankings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sailun\u2019s USD 1 bn fac<\/strong><strong>tory isn\u2019t the only local tire project in the works \u2014 and it\u2019s not even <\/strong><strong>the most expensive. <\/strong>Organi Group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/299331f7-5287-4117-8b6a-7de67e96a963\/organi-group-acquires-50%2525-of-rolling-plus-to-advance-eur-1-bn-tire-factory-project\" style=\"\" rel=\"noopener\">acquired 50% of Rolling Plus Chemical Industries in March<\/a> to revive its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b85da3f0-7779-46ff-a969-43427ddc2afa\/egypt-to-build-eur-1-bn-tire-factory\" style=\"\" rel=\"noopener\">EUR 1 bn tire factory project<\/a> in the SCZone in partnership with Concrete Plus. In addition to this 7 mn a year tire project, an unnamed Chinese company is reportedly looking to set up a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/70dd2612-1d8c-4f14-877e-802044a3b1d5\/egyptian-chinese-jv-to-set-up-usd-360-mn-tire-factory-in-the-sczone\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/70dd2612-1d8c-4f14-877e-802044a3b1d5\/egyptian-chinese-jv-to-set-up-usd-360-mn-tire-factory-in-the-sczone\" style=\"\" rel=\"noopener\">USD 360 mn tire factory<\/a> in the SCZone in partnership with the state-owned Arab Organization for Industrialization. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026and there\u2019s more:<\/strong> The government\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4188be2c-d058-47d9-a742-35ef5661ec69\/could-the-private-sector-help-revive-state-owned%253cmark%253e-tire%253c%2Fmark%253e-maker-trenco%3F\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4188be2c-d058-47d9-a742-35ef5661ec69\/could-the-private-sector-help-revive-state-owned%253cmark%253e-tire%253c%2Fmark%253e-maker-trenco%3F\" style=\"\" rel=\"noopener\">attempt to revive and develop<\/a> state-owned tire manufacturer Trenco also seems to be bearing fruit with <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/40a33add-e842-4474-9e12-a1fac2730f08\/arab-organization-for-industrialization-to-set-up-tire-manufacturing-city-with-unnamed-chinese-partner\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/40a33add-e842-4474-9e12-a1fac2730f08\/arab-organization-for-industrialization-to-set-up-tire-manufacturing-city-with-unnamed-chinese-partner\" style=\"\" rel=\"noopener\">an agreement to develop Trenco\u2019s Alexandria-based factory<\/a> with unnamed European companies and an agreement to establish a new Trenco tire factory with a Chinese company in Alexandria\u2019s Amreya.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Due to its size, the international press also picked up the story:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/egypt-signs-1-bln-deal-with-chinas-sailun-group-tyre-factory-cabinet-says-2025-08-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Read more abou<\/strong><strong>t our fledgling domestic tire industry \u2014 and the challenges it\u2019s facing <\/strong><strong>\u2014 in this Inside Industry two-parter we published in 2023 (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f3553e3f-013a-4dc4-877c-7eb93afbaaf0\/\" style=\"\" rel=\"noopener\">Part I<\/a><\/strong><strong> |<\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f690219d-16e9-4cc9-9012-22da48774299\/where-we-stand-on-egypt%e2%80%99s-plans-to-localize-tire-manufacturing\" style=\"\" rel=\"noopener\"><\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f690219d-16e9-4cc9-9012-22da48774299\/where-we-stand-on-egypt%e2%80%99s-plans-to-localize-tire-manufacturing\" style=\"\" rel=\"noopener\">Part II<\/a><\/strong><strong>).<\/strong><\/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        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class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"670130\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/14\/capital-economics-sees-egp-rally-boosting-gdp-narrowing-current-account-gap\/1393-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1393.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1393.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1393.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1393.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-670129\" class=\"content-area-description single-story post-670129 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-capital-economics tag-economy 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\/8\/.6a1b40ce-4a2e-41cb-bbd4-92258b6fd33a.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Stronger EGP is seen boosting economic outlook: <\/strong>The EGP\u2019s rebound against the USD this year is poised to stimulate the country\u2019s GDP growth over the coming years and ease risks from the current account deficit, Capital Economics\u2019 James Swanston wrote in a research note seen by EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>From pain to gain: Devaluation upside emerges. <\/strong>While the float of the EGP has caused short-term pain, it is now beginning to deliver some long-term benefits, CE noted. A significant sign of these gains is that the manufacturing component of the industrial production index reached a record high in May. This growth was fueled by increased output in key exporting industries, particularly textiles and chemicals.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Quick update before we dive in:<\/strong> The EGP continued its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4f0be8e1-6e59-4318-a34d-40a8e86ebaa4\/egp-gains-more-momentum-against-the-greenback\" style=\"\" rel=\"noopener\">rally<\/a> against the greenback yesterday, hitting its highest level in over a year. The USD was changing hands at EGP 48.30-48.40 at the National Bank of Egypt, Banque Misr, and CIB by 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 is boosted by \u201cdaily inflows of USD 150-350 mn, in addition to revenues <\/strong><strong>derived from tourist expenditure,\u201d<\/strong> a banking source told EnterpriseAM yesterday. The USD may fall below the EGP 48 mark before the end of this month, if economic indicators continue to support the local currency, the source anticipates. The source also noted the <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\">completion<\/a> of the fifth and sixth reviews of our USD 8 bn IMF loan program \u2014 which is penciled in for September or October \u2014 would further strengthen the EGP in 4Q. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGP has gained nearly 5% so far this year.<\/strong> Real effective exchange rate \u2014 a measure of the trade-weighted exchange rate adjusted for inflation \u2014 has appreciated by around 10% YTD, CE noted. \u201cEven so, it remains close to the low it reached following the devaluation in 2016 and is nearly 25% weaker than in early 2024. And there is growing evidence that the associated improvement in external competitiveness is bearing fruit,\u201d the research note read.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this rally is not a red flag: <\/strong>The currency\u2019s strength would have raised concerns in the past due to previous patterns of overvaluation and subsequent devaluations. But this time, the situation is different and the CE is not so alarmed. Why? Because the EGP\u2019s recent gains largely mirror the USD\u2019s weakness. Meanwhile, the EGP has fallen nearly 7% against the EUR this year and, on a trade-weighted basis, has been stable since January, the research note highlighted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s current account deficit is seen narrowing further<\/strong>, with services exports set to benefit from a surge in tourism revenues boosted by increased competitiveness, CE noted. Our current account deficit <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6d77b4da-9cac-42e6-8998-fbd741ec874a\/%2525d8%2525aa%2525d9%252582%2525d9%252584%2525d8%2525b5-%2525d8%2525b9%2525d8%2525ac%2525d8%2525b2-%2525d8%2525a7%2525d9%252584%2525d8%2525ad%2525d8%2525b3%2525d8%2525a7%2525d8%2525a8-%2525d8%2525a7%2525d9%252584%2525d8%2525ac%2525d8%2525a7%2525d8%2525b1%2525d9%25258a-%2525d8%2525a5%2525d9%252584%2525d9%252589-13.2-%2525d9%252585%2525d9%252584%2525d9%25258a%2525d8%2525a7%2525d8%2525b1-%2525d8%2525af%2525d9%252588%2525d9%252584%2525d8%2525a7%2525d8%2525b1-%2525d9%252581%2525d9%25258a-%2525d8%2525a3%2525d9%252588%2525d9%252584-9-%2525d8%2525a3%2525d8%2525b4%2525d9%252587%2525d8%2525b1-%2525d9%252585%2525d9%252586-%2525d8%2525b9%2525d8%2525a7%2525d9%252585-2025%252F2024\" style=\"\" rel=\"noopener\">narrowed<\/a> to USD 13.2 bn in the first nine months of the fiscal year 2024-2025. 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. \u201cOn a seasonally-adjusted basis, Egypt\u2019s current account deficit has improved sharply and is smaller than after a similar-sized fall in the EGP in 2016,\u201d CE noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Speaking of tourism, more holidaymakers are looking at Egypt: <\/strong>The research note highlighted reports from Tui \u2014 Europe\u2019s largest package holiday operator \u2014 that indicate that many travellers are shifting to more affordable destinations like Egypt instead of pricier European locations such as Spain. \u201cIn the four quarters to 1Q, tourism receipts rose to a 14-year high of 4.6% of GDP,\u201d the research note read.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Madbouly government<\/strong><strong> is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/77933bb3-9bd8-4b17-b329-2e729e223d68\/coptic-christmas-announced-as-paid-holiday-for-public,-private-sectors\" style=\"\" rel=\"noopener\">aiming to attract<\/a><\/strong><strong> 18 mn tourists by the end of the year<\/strong>, contributing to the nation\u2019s economic growth. In the first nine months of the last fiscal year, tourism revenues increased 15.4% y-o-y to USD 12.5 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another significant indicator is the surge in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/56c93d8d-483b-4693-b687-ecc4afd58426\/remittances-reach-all-time-may-high\" style=\"\" rel=\"noopener\">remittances<\/a><\/strong><strong> inflows<\/strong>, which reached \u201ca seven-year high of 9.3% of GDP\u201d in the four quarters leading to the 1Q 2025, according to the research note. This increase is partly a result of improved FX conditions, which have boosted confidence among Egyptians abroad.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- A potential easing of regional tensions and a recovery in Red Sea shipping would <\/strong><strong>bo<\/strong><strong>ost Suez Canal revenues. <\/strong>The waterway, a vital source of FX revenues, has been severely impacted by continued Red Sea disruptions, with receipts dropping 54.1% y-o-y to USD 2.6 bn during the first nine months of the last fiscal year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Macrostability returned:<\/strong> CE said that the improvement in the balance of payments signals that the country is restoring macroeconomic stability, noting that the priority for officials right now is to advance structural reforms aimed at unlocking stronger GDP growth over the medium-to-long term.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the risks ahead: <\/strong>Growing global trade tensions pose a risk to Egypt, particularly the 10% base tariff imposed by the US, with the textiles industry emerging as a vulnerable sector, seeing as around half of its output is exported to the US, CE said. However, \u201cthe economic hit in aggregate should be small.\u201d<\/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-economics\/\">Capital Economics<\/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\/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 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src=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/900.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"670132\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/14\/evolving-consumer-preferences-are-creating-both-potential-for-growth-and-challenges-for-developers\/900-jpg-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/900.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"900.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/900.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/900.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-670131\" class=\"content-area-description single-story post-670131 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate tag-construction tag-enterpriseam tag-real-estate 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\/8\/.13723e50-ca5f-4799-9805-892e5aa40e98.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The level of pr<\/strong><strong>ogress in construction is the most important factor for <\/strong><strong>buyers <\/strong><strong>when selecting a developer<\/strong>, ranking ahead of the developer\u2019s financial strength, experience, market reputation, the consultants they work with, and, lastly, advertising and marketing, according to proptech platform Aqarmap\u2019s Egypt Real Estate Trends 2025 report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The methodology:<\/strong> These insights are based on Aqarmap\u2019s monthly index, which has tracked Egypt\u2019s property demand since 2012. The index uses a proprietary algorithm drawing on data from the Aqarmap platform, search engines, macroeconomic indicators, financial statements, and listed developer performance metrics. It measures demand dynamics and buyer behavior \u2014 not price changes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investment ranked as the primary motive for buying property<\/strong>, followed by moving to a new area, purchasing a first home, buying for children, marriage, or a coastal home. Other reasons included downsizing, upgrading, or expanding a current living space.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What services do buyers want most?<\/strong> The most in-demand services in real estate projects were malls, public transport, and social or sports clubs, followed by highways, hospitals, schools, and universities. And when it comes to amenities, buyers were shown to favor green spaces, malls and shops, and social and sports clubs, over smart homes, water features, and childcare facilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Respondents also preferred modern and simple architectural styles the most<\/strong>, followed by environmentally friendly and green designs, and low-cost minimalist designs. Other preferences were spread across American-European, Andalusian-Islamic, high-tech futuristic, and traditional Egyptian styles. Fully finished units were favored over semi-finished, fully furnished, or shell-and-core units.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How do buyers finance their purchases?<\/strong> Buyers of properties worth more than EGP 10 mn rely primarily on monthly salaries, followed by business income, liquidating assets, and loans. For units priced between EGP 3-7 mn, the main source was long-term personal savings, followed by salaries and asset sales \u2014 the same as buyers of properties below EGP 3 mn. Across all price tiers, loans, bonuses, incentives, and family support were also common financing methods.<\/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\">SHAPING DEMAND IN LOCAL MARKET-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What about demand trends in the Egyptian market?<\/strong> Demand for real estate has been on the decline since March 2024, weighed by the float of the EGP, which eroded purchasing power and investor confidence, according to Aqarmap\u2019s property market index. Broader economic turbulence \u2014 especially the steep devaluation of the EGP \u2014 has made strategic planning and reliable investment forecasting increasingly difficult amid shifting buyer needs and behaviors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The interaction between the USD, black market exchange rates, and the property sector <\/strong><strong>was critical.<\/strong> By late 2024 and early 2025, the price per sqm in Cairo had stabilized \u2014 or even dipped slightly \u2014 compared to earlier in the year. Market reports showed sales slowed in 4Q 2024 as the EGP stabilized and speculative buying eased. Developers responded by rolling out long-term installment plans to spur demand, citing \u201crelative price stability\u201d after sharp 2023 increases.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The gap between official and parallel market rates widened after 2022<\/strong>, making Cairo prices more volatile in USD terms. The sharp increase in early 2023 reflected the EGP\u2019s steep fall and surging demand for USD. The March 2024 float narrowed the gap significantly.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Developers extended payment terms to maintain affordability and support sales. <\/strong>Average repayment periods rose from 4.3 years in 2015 to over 8.5 years by 2024. Mortgage financing activity surged after 2021, peaking in 2022 as buyers turned to structured financing solutions. With only the first three quarters of 2024 recorded, mortgage volumes were on track to surpass previous highs by year-end. Aqarmap says this reflects a dual reliance on both developer-led and institutional financing to navigate Egypt\u2019s economic headwinds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When the ideal home was out of reach, buyers opted for lower-priced areas<\/strong>, more distant locations, or much smaller units. Some even chose to live with family or rent instead of buying, according to survey respondents.<\/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\/construction\/\">construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/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=\"670133\" 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=\"670133\">\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\">RETAIL<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/14\/home-appliance-distributors-lower-prices-amid-market-stagnation-and-stronger-egp\/\">\r\n                            Home appliance distributors lower prices amid market stagnation and stronger EGP                        <\/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 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<\/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\/08\/14\/home-appliance-distributors-lower-prices-amid-market-stagnation-and-stronger-egp\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1902.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"670134\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/14\/home-appliance-distributors-lower-prices-amid-market-stagnation-and-stronger-egp\/1902-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1902.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1902.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1902.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1902.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-670133\" class=\"content-area-description single-story post-670133 post type-post status-publish format-standard has-post-thumbnail hentry category-retail tag-beko tag-elaraby-group tag-enterpriseam tag-retail 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\/8\/.6175582f-34e0-4699-bce5-ca2a0192a63f.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Major home appliance providers reduced their prices by around 20%<\/strong> in response to a government initiative to reduce prices by 15-20%, as well as a stronger EGP against the greenback, leading local players told EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some household names were among those with sizable reductions<\/strong>, including Beko Egypt with a 20% discount on its home appliances \u201cto help ease the burdens on Egyptian families, in line with the government\u2019s directives and the Consumer Protection Agency\u2019s efforts to regulate prices and enhance market stability,\u201d the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/8\/863.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. El Araby Group also revealed discounts on all home appliances, including refrigerators, washing machines, and televisions, a company representative told EnterpriseAM. Unionaire, too, announced price reductions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Part of the reason is overproduction and market stagnation<\/strong>, which has pushed manufacturers to respond by cutting prices, head of the Federation of Egyptian Industries\u2019 Home Appliances Division Hassan Mabrouk told EnterpriseAM. Seasonal air conditioner sales have seen low demand despite extreme heat, pushing distributors to give up a large portion of their margins in exchange for sales incentives to fulfill their quotas from manufacturers, he explained. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Increased investment from global companies in the local home appliances <\/strong><strong>manufacturing <\/strong><strong>sector has ramped up production and market competition<\/strong>, which also contributed to the price cuts in the sector, Mabrouk said, pointing to the influx of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e9f97480-40c7-41be-aeff-35b619778a11\/industrial-zones-ramp-up-efforts-to-meet-chinese-demand\" style=\"\" rel=\"noopener\">Chinese and Turkish<\/a> investments in the sector. Between three and four new factories are under construction this year with investments of around USD 200 mn. One of the factories, which is awaiting its official opening, has already started distributing products in the local market through contract manufacturing, adding to current competition. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The localization of supporting industries and a halt on imports of home appliance <\/strong><strong>components have been supporting growth in the sector<\/strong>, Mabrouk said. These include the local production of refrigerator compressors, air conditioner compressors, safety valves, and motion dynamics. The local component ratio for some appliances is expected to increase within months to 80% for cookers and 70% for air conditioners and refrigerators, once compressors are produced locally and used by other factories, Mabrouk added. <\/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\/beko\/\">Beko<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/elaraby-group\/\">Elaraby Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/retail\/\">retail<\/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=\"670135\" 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=\"670135\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/14\/steelmakers-call-for-reimposing-protective-duties-on-imported-iron-ore-billets\/\">\r\n                            Steelmakers call for reimposing protective duties on imported iron ore billets                        <\/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\/08\/14\/steelmakers-call-for-reimposing-protective-duties-on-imported-iron-ore-billets\/\" 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 Supreme Council for Customs Tariffs is currently reviewing the requests, which proponents argue will help address current market imbalances that are pushing local manufacturers to source billets through imports instead of local producers.<\/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>REMEMBER- A total of<\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9c1b7d39-1771-4068-9263-86ff02ef5697\/the-us-egypt-policy-leaders-forum-kicks-off-today\" style=\"\" rel=\"noopener\"><\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9c1b7d39-1771-4068-9263-86ff02ef5697\/the-us-egypt-policy-leaders-forum-kicks-off-today\" style=\"\" rel=\"noopener\">13 local companies<\/a><\/strong><strong> are eyeing the new billet production license<\/strong> \u2014 including Ashry Steel, which is planning to build a USD 200 mn billet plant in its Sixth of October complex, targeting an annual production capacity of 1 mn tons, Chairman Ayman El Ashry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/98d16e36-4bb2-466c-9c4e-9cd6b4775f06\/%253cmark%253eashry%253c%2Fmark%253e-steel-to-establish-a-usd-200-mn-billet-plant-in-sixth-of-october\" style=\"\" rel=\"noopener\">previously told EnterpriseAM<\/a>. The requests and proposals follow a government plan to boost the local iron industry, cut down on iron imports, and turn Egypt into a regional iron export hub.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This wouldn\u2019t be the first time protective duties have been imposed on billet imports<\/strong>, with a 15% duty imposed between 2019 and 2021.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>Iron ore billets are a critical intermediate product in the steel manufacturing process. They are semi-finished, solid blocks of steel, typically with a square or circular cross-section, produced from the continuous casting of molten steel. These billets are not a final product themselves but serve as the fundamental raw material for creating a wide variety of finished steel goods, including rebar, wire rods, pipes, and tubes \u2014 all key construction inputs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Upcoming customs and tariffs amendments could address this \u2014 and also other imports <\/strong><strong>affecting other industries. <\/strong>The council has received requests from a large number of industries to adjust tariffs, which supporters say will help support the state\u2019s industrial expansion and localization ambitions, our source told us.<\/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\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"670137\" 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=\"670137\">\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\">Cabinet watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/14\/cabinet-sets-rules-for-old-rent-law-committees-greenlights-new-industrial-land-pricing\/\">\r\n                            Cabinet sets rules for Old Rent Law committees, greenlights new industrial land pricing                        <\/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\/08\/14\/cabinet-sets-rules-for-old-rent-law-committees-greenlights-new-industrial-land-pricing\/\" target=\"_blank\">\n                    Open in new tab               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                 <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/904.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"670138\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/14\/cabinet-sets-rules-for-old-rent-law-committees-greenlights-new-industrial-land-pricing\/904-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/904.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"904.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/904.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/904.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-670137\" class=\"content-area-description single-story post-670137 post type-post status-publish format-standard has-post-thumbnail hentry category-cabinet-watch tag-automotive tag-cabinet-watch tag-customs tag-customs-authority tag-enterpriseam tag-infrastructure tag-legislation tag-madbouly-cabinet tag-real-estate 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\/8\/.561ff7d9-d0a7-4f28-b011-7c1962f78531.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Madbouly government signed off on a package of decisions during <\/strong><strong>its <\/strong><strong>weekly meeting yesterday<\/strong>, including measures to <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0dEbcmSTQcHSiVpD4MRowhUkiXejBQe3RZgnKnakiJ6h5XJ4NqyQdkwRDF5WpJM2Dl\" style=\"\" rel=\"noopener\">implement the amended Old Rent Law<\/a> and new rules for selling or leasing state-owned industrial plots, according to <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02s1o7E74s9WDhPSkmoyJV6S7n55FdsmFY7Uuvvo4NYwQhmAFomEyjbAr2Ww6LoxDYl\" style=\"\" rel=\"noopener\">statements<\/a> from the cabinet. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The cabinet approved the rules for setting up governorate-level committees that will <\/strong><strong>inventory <\/strong><strong>and value all old-rent residential areas.<\/strong> Committees will sort areas into premium, middle-income, and economic zones using a points-based system considering location, building condition, unit size, infrastructure, and services, and must complete their work within three months of the law\u2019s effective date. Governors will publish classifications in the Official Gazette.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>President Abdel Fattah El Sisi earlier this month <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a416dfaf-9d55-4397-b600-890c3b193182\/el-sisi-signs-amendments-to-the%253cmark%253e-old-rent%253c%2Fmark%253e-law\" style=\"\" rel=\"noopener\">signed into law amendments to the Old<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a416dfaf-9d55-4397-b600-890c3b193182\/el-sisi-signs-amendments-to-the%253cmark%253e-old-rent%253c%2Fmark%253e-law\" style=\"\" rel=\"noopener\">Rent Law<\/a>. The legislation sets a seven-year transitional period for tenants to vacate residential units and five years for non-residential units rented by individuals, after which all old rent contracts will be scrapped.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>Ministers also approved a draft decision setting unified rules for selling or leasing <\/strong><strong>state-owned industrial plots<\/strong>, either via the <a target=\"_blank\" href=\"https:\/\/www.madein.eg\/industryplatform\/portal\/home.xhtml\" style=\"\" rel=\"noopener\">Egypt Digital Industrial Platform<\/a> or by direct application to the Industry Ministry. Buyers or usufruct holders must first pay for the plot in full, obtain licensing, and operate for at least three years before resale or transfer. They can convert from usufruct to ownership after three years of operations, subject to market revaluation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Changes to car import facilities for those with disabilities: <\/strong>The cabinet greenlit a draft decision amending customs and VAT exemptions on imported cars for individuals with disabilities, which would allow them to import one car tax and duty-free every 15 years, instead of every 5 years as currently allowed. Approved changes also tighten conditions on resale, use, and eligibility, and raise penalties \u2014 including prison time \u2014 for forging documents, making false claims, or impersonating a person with a disability to access benefits.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The decision isn\u2019t ideal for disabled drivers: <\/strong>Most beneficiaries of the exemptions import used vehicles to keep costs down; a 2020 model brought in during 2025 would effectively need to be kept until 2040 under the new cabinet-passed amendments \u2014 turning it into a worn-out car and raising breakdown risks that are harder for disabled drivers to manage, Auto Dealers Association head Osama Abou El Magd told EnterpriseAM. Global practice is closer to a five-year replacement cycle, and policymakers should revisit the decision, keep the five-year limit, and tighten regulations against misuse, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The Madbouly government has been working to close a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/52686cb5-42b5-4f0d-9960-611c7d5304f7\/egypt%25e2%2580%2599s-address-to-the-un-security-council-on-the-gerd-dominated-airwaves-sunday\" style=\"\" rel=\"noopener\">loophole<\/a> that some have used to import cars without paying the necessary fees. Last year, the cabinet <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7dacc3f9-f20d-4a72-a542-4542d2ff95c5\/new-amendments-make-it-tougher-to-take-advantage-of-car-import-facilities-for-those-with-disabilities\" style=\"\" rel=\"noopener\">approved a draft decision<\/a> to amend the executive regulations of the law that governs the rights of people with disabilities, changing the vehicle import system for those with disabilities, and making it more difficult for people to abuse.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Ministers also approved the reallocation of land to expand Al <\/strong><strong>Arish <\/strong><strong>Port<\/strong> and build a rail link to the Bir El Abd-Al Arish-Ras El Naqab line.<\/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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cabinet-watch\/\">cabinet watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/customs\/\">customs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/customs-authority\/\">Customs Authority<\/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\/legislation\/\">legislation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/madbouly-cabinet\/\">Madbouly Cabinet<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/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=\"670139\" 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=\"670139\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/14\/valu-bonyan-raya-cx-and-more-report-earnings\/\">\r\n                            Valu, Bonyan, Raya CX and more report earnings                        <\/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\/08\/14\/valu-bonyan-raya-cx-and-more-report-earnings\/\" 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 fintech giant saw revenues jump 96% y-o-y during the quarter to record EGP 1.5 bn.<\/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>Strong operating performance drives quarterly gains:<\/strong> Gross merchandise value (GMV) for the quarter reached EGP 5.2 bn, while transactions hit 1.9 mn. Spending on Valu\u2019s prepaid card more than tripled y-o-y, averaging EGP 10.6 mn per day, while the Shift auto loan product also contributed significantly to GMV growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Solid first-half results:<\/strong> In 1H 2025, revenue rose 94% y-o-y to EGP 2.6 bn, while net income climbed 64% to EGP 341 mn. GMV for the half increased 80% to EGP 10.6 bn on 3.6 mn transactions. Total loans during the six-month period grew 60% y-o-y to EGP 8.9 bn. The company closed the half with 831k activated customers and a 25% market share. <\/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 have transitioned from a disruptive startup to a publicly listed company with a proven track record of profitability and strong performance in the first half of 2025, a milestone that cements our evolution,\u201d said CEO Walid Hassouna. \u201cThe Amazon transaction, through which Amazon acquired a direct stake in Valu and our EGX listing, has unlocked new strategic levers to accelerate progress, deepen our funding base, and extend our regional footprint, with Jordan marking our first MENA entry beyond Egypt.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Valu became the first consumer finance company to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/496fc745-2d04-4df7-a40d-629522d417d2\/%253cmark%253evalu%253c%2Fmark%253e-shares-jump-to-hit-price-ceiling-on-egx-debut\" style=\"\" rel=\"noopener\">list on the EGX in June<\/a>. The listing came via a novel structure that saw EFG Holding distribute a 20.5% stake in Valu\u2019s parent company, U Consumer Finance, to its shareholders as a dividend in lieu of cash. EFG retained a 67% stake, while Amazon exercised a three-year-old option to acquire a nearly 4% stake at EGP 6.04 per share.<\/p>\n<p class=\"tag-border-left\">BONYAN POSTS EGP 609 MN IN NET INCOME IN 2Q 2025-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Recently-listed Bonyan saw its revenues increase 18.1% y-o-y to come in at EGP 199.4 mn<font face=\"Arial\">&nbsp;in 2Q 2025<\/font><\/strong>, according to its first <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/8\/850.pdf\" style=\"\" rel=\"noopener\">earnings release<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/8\/850.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a> since its July IPO.&nbsp;<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bonyan's gross asset value (GAV) \u2014 the key metric of the real estate investment company's performance \u2014 rose to 17.41 bn as of June 2025<\/strong>, marking a 9% y-t-d increase, outpacing Egypt's 7.9% average headline inflation in the first six months of the year. The company net income decreased 37.1% y-o-y in 2Q 2025 to record EGP 608.8 mn, as it was impacted by a slower gain in fair market value.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">What they said:<\/strong><span style=\"background-color: transparent;\"> \u201cBonyan is firmly positioned to become one of Egypt\u2019s largest owners of Grade-A commercial real estate,\u201d said CEO Tarek Abdelrahman. \u201cThe most important indicators of the company\u2019s financial health remain GAV and its sustained growth above inflation, alongside consistent rental revenue expansion.\u201d<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong>Bonyan made its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/905844a1-0a76-4570-ba03-7d66b3be0192\/%253cmark%253ebonyan%253c%2Fmark%253e%25e2%2580%2599s-share-price-closed-flat-on-debut-yesterday\" style=\"\" rel=\"noopener\">EGX debut in July<\/a> pricing its IPO at the lower end of the range at EGP 4.96 per share, in an EGP 1.8 bn transaction. The listing made Bonyan the first pure-play real estate operating company to list on the exchange.<\/p>\n<p class=\"tag-border-left\">RAYA CX SEES REVENUES RISE, INCOME FALL IN 1H-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Raya Customer Experience reported net income of EGP 145.1 mn in 1H 2025<\/strong>, down 40.9% y-o-y, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/8\/875.pdf\" style=\"\" rel=\"noopener\">its latest earnings release (pdf)<\/a>. Revenues rose 4.5% to EGP 1.3 bn as steady client demand and a new consultancy line offset last year\u2019s one-off FX gains.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Largely similar performance in 2Q: <\/strong>Revenue rose 7.4% y-o-y to EGP 683.6 mn during the quarter, while net income stood at EGP 79.4 mn, down 41.5% y-o-y. The quarter saw a jump in hosting (11.4%) and insourcing (34.2%) revenues, which helped offset a dip in outsourcing revenues. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Breaking it down:<\/strong> Egypt-based operations made up the lion\u2019s share (79.4%) of the company\u2019s revenues during the first half of the year, coming in at EGP 1 bn. GCC revenues contributed 16.6% at EGP 218.5 mn, Polish and US operations followed. USD revenues accounted for 67.1% of total revenues. \u201cRCX continues to focus on consolidating recurring USD revenues to help mitigate the impact of foreign exchange fluctuations,\u201d the release read. <\/p>\n<p class=\"tag-border-left\">E-FINANCE POSTS STRONG GROWTH IN 1H AND 2Q 2025- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>State-owned fintech giant E-finance saw its adjusted net income rise 65.2% y-o-y in 1H <\/strong><strong>2025 to EGP 1.3 bn<\/strong>, according to the company\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/8\/876.pdf\" style=\"\" rel=\"noopener\">latest earnings release (pdf)<\/a>. The company\u2019s revenues climbed 41.5% y-o-y to EGP 3.2 bn during the six-month period, \u201cdriven by broad-based growth across the group\u2019s subsidiaries.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Driving the growth:<\/strong> E-finance\u2019s flagship business E-finance Digital Operations contributed 87% of the company\u2019s total revenues for the six-month period, with the subsidiary\u2019s top line rising 36.0% y-o-y to EGP 2.8 bn. This was \u201cdriven by solid results across its transaction and cloud hosting revenues\u201d as transaction revenues rose 40.0% y-o-y to EGP 1.1 bn and cloud hosting revenues were up 63.1% y-o-y to EGP 1.2 bn. Revenues also saw solid growth across E-finance\u2019s other subsidiaries, including eNovate, eNable, and eAswaaq. However, eKhalas was the only subsidiary to see a dip in revenues during the half, with a 1.4% y-o-y dip.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a quarterly basis: <\/strong>Adjusted net income came in at EGP 638.2 mn during the second quarter of the year, marking a 112.6% y-o-y jump, while revenues rose 42.0% y-o-y to EGP 1.6 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong>\u201cOur consistent double-digit growth at both the top- and bottom-line levels reflects the strength of our platform, the agility of our business model, and the growing importance of our digital infrastructure in Egypt\u2019s economy.\u201d Chairman Ibrahim Sarhan said. \u201cWe are currently working on restructuring the group\u2019s subsidiary structure. The proposed structure aims to streamline operations and optimize costs by merging complimentary product lines, eliminating redundant infrastructure, and leveraging existing synergies within the group, ultimately supporting sustainable, long-term growth,\u201d he added.<\/p>\n<p class=\"tag-border-left\">ORIENTAL WEAVERS POSTS MIXED RESULTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oriental Weavers saw its net income dip 38% y-o-y during the second quarter of the year <\/strong><strong>to EGP 566 mn<\/strong>, according to its latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/8\/880.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenues for the quarter were up 7% y-o-y to EGP 6.2 bn. 1H 2025 results reflected the same trend, with revenues up 17% y-o-y to EGP 12.6 bn and net income down 24% y-o-y to EGP 1.1 bn. <\/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\/e-finance\/\">e-finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oriental-weavers\/\">Oriental Weavers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/valu\/\">ValU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"670141 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=\"670141\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/14\/670141\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-670141\" class=\"content-area-description single-story post-670141 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.instagram.com\/reel\/DHs9VNZtJeS\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/770.jpg?ssl=1\"><\/a><\/span><\/p>\n\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=\"670142\" 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=\"670142\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/14\/british-dairy-farmers-will-continue-to-have-easy-access-to-the-egyptian-market\/\">\r\n                            British dairy farmers will continue to have easy access to the Egyptian market                        <\/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\" 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data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"907.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/907.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/907.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-670142\" class=\"content-area-description single-story post-670142 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-commodities tag-enterpriseam tag-trade tag-transport tag-transport-ministry 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\/8\/.80cc3008-29fd-464d-a4bf-80d45b821b0a.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">TRADE- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">  <strong>Egypt dropped plans to impose a halal certification requirement on dairy <\/strong><strong>imports from the UK<\/strong>, averting a potential trade barrier that would have come into effect in January 2026, the UK\u2019s Department for Business and Trade said in a <a target=\"_blank\" href=\"https:\/\/www.gov.uk\/government\/news\/uk-farmers-to-benefit-from-smoother-dairy-exports-to-egypt\" style=\"\" rel=\"noopener\">statement<\/a>. The move will butter up an estimated GBP 250 mn in UK dairy exports over five years, cutting red tape and cost burdens \u2014 all gouda news for British exporters of cheese, butter, and milk powder.<\/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>The proposed halal certification requirement would have added over GBP 1k in fees per <\/strong><strong>shipment<\/strong>, the government department claims. UK dairy imports into Egypt totalled USD 26 mn in 2024, but this move provides more market certainty that could lead to an uptick in imports from UK producers.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move is part of a wider shift in Egypt\u2019s halal certification policy.<\/strong> The certification policy on dairy products was a precautionary measure, and its removal would help reduce import costs, cabinet spokesman Mohamed El Homsani previously <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8965bb10-43c3-4f5b-9f97-45c79bb96f04\/the-us-egypt-policy-leaders-forum-took-over-the-airwaves-last-night\" style=\"\" rel=\"noopener\">said in May<\/a>. His comments followed Egypt permanently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bbfaeed7-fbcd-4c86-8fe4-a12e8b7cca28\/us-egypt-trade-relations-set-for-a-boost-with-soon-to-be-announced-customs-agreement\" style=\"\" rel=\"noopener\">exempting US-made dairy products from halal certification<\/a> \u2014 a long-standing ask by American exporters \u2014 and moved to cut halal certification fees by 30-50%.<\/p><p class=\"tag-border-left\">TRANSPORT- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong> <strong>Nationa<\/strong><strong>l Authority for Tunnels plans to spend EGP 15 bn to <\/strong><strong>revamp <\/strong><strong>the Cairo Metro Line 2 over five years<\/strong>, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/94031\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%AF%D8%B1%D8%B3-%D8%AA%D8%AD%D8%AF%D9%8A%D8%AB-%D8%A7%D9%84%D8%AE%D8%B7-%D8%A7%D9%84%D8%AB%D8%A7%D9%86%D9%8A-%D9%84%D9%85%D8%AA%D8%B1%D9%88-%D8%A7%D9%84%D8%A3%D9%86%D9%81%D8%A7%D9%82-%D8%A8%D9%86%D8%AD%D9%88-15-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87\/?utm_source=twitter&amp;utm_medium=social&amp;utm_campaign=asharq_business_egy_tw\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing unnamed government sources. The project will be offered to local companies to work on upgrading the 21.6-km line, including installing platform screen doors, modernizing station facilities, renewing railway tracks, and upgrading elevators and internal drainage systems across its 20 stations.<\/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\/commodities\/\">commodities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport-ministry\/\">Transport Ministry<\/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=\"670144\" 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=\"670144\">\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\/08\/14\/investors-shift-bns-of-usd-out-of-us-equities-amid-growth-concerns-weakening-usd\/\">\r\n                            Investors shift bns of USD out of US equities amid growth concerns, weakening USD                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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    <\/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\/08\/14\/investors-shift-bns-of-usd-out-of-us-equities-amid-growth-concerns-weakening-usd\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/896.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"670145\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/14\/investors-shift-bns-of-usd-out-of-us-equities-amid-growth-concerns-weakening-usd\/896-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/896.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"896.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/896.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/896.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-670144\" class=\"content-area-description single-story post-670144 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-capital-markers tag-emerging-markets tag-enterpriseam tag-financial-markets tag-planet-finance tag-wall-street 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\/8\/.44dae0bc-98e3-4532-9b2b-028cbc60eeeb.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Global investors are increasingly shifting capital away from US stock <\/strong><strong>markets<\/strong>, funneling USD 13.6 bn into global equity funds outside the US in July \u2014 the biggest inflow since December 2021, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/global-markets-funds-2025-08-13\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports, citing data from LSEG Lipper. Meanwhile, US-focused equity funds saw USD 6.3 bn in outflows, marking the third consecutive month of net withdrawals. The exodus comes amid mounting investor macro concerns, worries of overvalued stocks, and a weakening greenback.<\/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>The shift began earlier this year, as investors grew wary of President Donald Trump\u2019s <\/strong><strong>protectionist economic agenda and its effect on US assets. <\/strong>\u201cWhile tariff de-escalation was a tailwind in the second quarter, unresolved trade negotiations and policy deadlines approaching in the early third quarter pose ongoing risks,\u201d said Shelton Capital Management CIO Derek Izuel. He warned that persistent uncertainty \u201ccould reignite flows out of US equities, particularly if growth differentials continue to narrow or the Federal Reserve maintains restrictive monetary policy.\u201d<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors are now turning to markets with lower valuations, easier monetary conditions, <\/strong><strong>and improved growth prospects. <\/strong>Both the MSCI Emerging Markets EMEA Index and MSCI Europe Index are up over 19% YTD, while the MSCI Asia Pacific ex-Japan Index is up 14% \u2014 both outperforming the S&amp;P 500, which is up just over 7.2% so far this year.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adding to the pressure to relocate capital outside the states is a weakening greenback<\/strong>, which is down around 10% YTD. This has, in turn, boosted returns from overseas investments for USD-based investors. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Valuation gaps are also hard to ignore<\/strong>, with the 12-month forward price-to-earnings ratio for the MSCI US Index standing at 22.6, compared to 14.4 for MSCI Asia, 14.2 for MSCI Europe, and 19.7 for the MSCI World Index, further underlining the appeal of non-US markets.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But some say it\u2019s just a rebalance, not a retreat.<\/strong> While the scale of July\u2019s shift is significant, not all analysts see it as a fundamental reversal of the US equity story. \u201cWe see this recent trend as more of a strategic rebalancing to neutral positioning from a geographic perspective and less of an adoption of any underweight to the US,\u201d SEI CIO Jim Smigiel told the newswire.<\/p><p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mixed in early trading this morning <\/strong>\u2014 Japan\u2019s Nikkei is in the red, down 1.4%, while the Shanghai Composite and Hang Seng are in the green, looking at gains of 0.5% and 0.4%, respectively. South Korea\u2019s Kospi is flat. <\/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:1.0;orphans:2;widows:2;text-align:left\">35,855<\/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:1.0;orphans:2;widows:2;text-align:left\">-0.4% (YTD: +20.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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:1.0;orphans:2;widows:2;text-align:left\">Buy 48.25<\/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:1.0;orphans:2;widows:2;text-align:left\">Sell 48.39<\/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><\/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:1.0;orphans:2;widows:2;text-align:left\">Buy 48.30<\/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:1.0;orphans:2;widows:2;text-align:left\">Sell 48.40<\/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:1.0;orphans:2;widows:2;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:1.0;orphans:2;widows:2;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:1.0;orphans:2;widows:2;text-align:left\">10,763<\/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:1.0;orphans:2;widows:2;text-align:left\">-0.1% (YTD: -10.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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:1.0;orphans:2;widows:2;text-align:left\">10,283<\/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:1.0;orphans:2;widows:2;text-align:left\">-0.1% (YTD: +9.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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:1.0;orphans:2;widows:2;text-align:left\">6,091<\/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:1.0;orphans:2;widows:2;text-align:left\">-0.4% (YTD: +18.1%)<\/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>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:1.0;orphans:2;widows:2;text-align:left\">6,467<\/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:1.0;orphans:2;widows:2;text-align:left\">+0.3% (YTD: +10.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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:1.0;orphans:2;widows:2;text-align:left\">9,165<\/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:1.0;orphans:2;widows:2;text-align:left\">+0.2% (YTD: +12.1%)<\/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>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:1.0;orphans:2;widows:2;text-align:left\">5,388<\/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:1.0;orphans:2;widows:2;text-align:left\">+1.0% (YTD: +10.1%)<\/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:1.0;orphans:2;widows:2;text-align:left\">USD 65.63<\/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:1.0;orphans:2;widows:2;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:1.0;orphans:2;widows:2;text-align:left\">USD 2.82<\/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:1.0;orphans:2;widows:2;text-align:left\">-0.4%<\/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>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:1.0;orphans:2;widows:2;text-align:left\">USD 3,408<\/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:1.0;orphans:2;widows:2;text-align:left\">0.0%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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:1.0;orphans:2;widows:2;text-align:left\">USD 123,388<\/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:1.0;orphans:2;widows:2;text-align:left\">+2.7% (YTD: +32.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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:1.0;orphans:2;widows:2;text-align:left\">887.67<\/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:1.0;orphans:2;widows:2;text-align:left\">+0.2% (YTD: +14.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 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:1.0;orphans:2;widows:2;text-align:left\">147.90<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\">0.0% (YTD: +5.7%)<\/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>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:1.0;orphans:2;widows:2;text-align:left\">14.49<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.0;orphans:2;widows:2;text-align:left\">-1.6% (YTD: -16.5%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div><p class=\"tag-border-left\">THE CLOSING BELL-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 fell 0.4% at yesterday\u2019s close<\/strong> on turnover of EGP 3.9 bn (25.4% below the 90-day average). International investors were the sole net buyers. The index is up 20.6% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Misr Cement (+4.0%), Egyptian Kuwaiti Holding -EGP (+1.5%), and Egyptian Kuwaiti Holding -USD (+1.0%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Qalaa Holdings (-6.2%), Madinet Masr (-3.1%), and Egypt Aluminum (-2.5%).<\/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\/capital-markers\/\">capital markers<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/wall-street\/\">Wall Street<\/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=\"670146\" 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=\"670146\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/14\/my-morning-routine-medhat-karam-ceo-of-arpuplus\/\">\r\n                            My Morning Routine: Medhat Karam, CEO of ArpuPlus                        <\/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\/08\/14\/my-morning-routine-medhat-karam-ceo-of-arpuplus\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Speaking to us this week is ArpuPlus CEO Medhat Karam (<a target=\"_blank\" href=\"https:\/\/eg.linkedin.com\/in\/medhatkaram\" style=\"\" rel=\"noopener\">LinkedIn<\/a>). Edited excerpts from our conversation:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My name is Medhat Karam, and <\/strong><strong>I\u2019m the current CEO<\/strong><strong> of ArpuPlus.<\/strong> I\u2019m an engineer by background \u2014 I like things to be structured, and that\u2019s how I approach both thinking and managing. Throughout my career, I\u2019ve led several tech and engineering companies, mainly in the software space. I\u2019ve built three or four companies so far. I was born in England, so I hold dual nationality, but I was raised in Egypt. I'm passionate about sports \u2014 mostly swimming and padel \u2014 and I'm married with three children. My eldest son has just graduated as a software engineer, my daughter is studying data science at AUC, and my youngest son is 17 and about to start university. I\u2019m not trying to influence them \u2014 but somehow I think I am.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I manage ArpuPlus, a 21-year-old company that started out offering mobile value-added <\/strong><strong>services and has since evolved into a venture builder.<\/strong> Around ten years ago, we spun off TPay, a mobile payment company. We built it, scaled it up, and exited. That experience showed us the potential of building ventures that leverage our telecom infrastructure \u2014 so that\u2019s what we focus on now. Today, ArpuPlus manages and supports five active ventures in entertainment, telehealth, and enterprise messaging. We provide two main services. The first is full operational support, covering legal, HR, finance, and IT, among others. The second is access to our infrastructure, which includes 12 regional offices connected to 40-50 telecom operators. This allows us to scale up these startups across the region very quickly.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are several examples of these success stories.<\/strong> Take TPay for instance, we started it out with one operator, Mobinil (now Orange Egypt), and helped it grow to connect with over 50 telecom operators across the region. That\u2019s how it became a major player in mobile payments. Another example is Shofha, our Arabic video-on-demand platform. It started as a local content aggregator in Egypt, and now it operates across 35 telecom operators. All subscriptions and payments happen via telco billing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We help successful local startups expand regionally. <\/strong>Most startups in Egypt, the UAE, or Saudi Arabia build great products but struggle to expand beyond their borders. We\u2019re not an incubator or accelerator. We're hands-on. We offer full operational support and a ready-made infrastructure to help founders grow their ventures across multiple countries and telecom networks. If you have the product and the team, we give you the rails to expand. Each of our ventures has its own CEO or managing director. I don\u2019t run their day-to-day operations, but I support them closely \u2014 strategically and through our regional infrastructure. Think of ArpuPlus as a horizontal layer that enables vertical startups to grow fast.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The most interesting trend right now is AI, and it\u2019s transforming everything.<\/strong> It\u2019s become very dominant, and it is changing everything we do. But I want to highlight another important trend in the telecom space, which is unlocking and utilizing telecom data. Telecom companies sit on a goldmine of data \u2014 location, demographics, usage behavior \u2014 but most of it remains untapped. Platforms like Facebook and Google have been capitalizing on this kind of data, not the telecom companies themselves. Organizations like the GSMA are now pushing telecom operators to monetize this data in a secure, privacy-compliant way \u2014 opening it up for developers, banks, advertisers, and enterprises. One of our ventures, Cloudcom, is working on solutions to help operators expose and distribute these data sets through APIs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I usually wake up around 7:30am. <\/strong>Sometimes I go for a quick swim before heading to the office. I spend the first 15-20 minutes catching up on the news \u2014 mainly tech and political updates. Recently, I\u2019ve started asking ChatGPT to give me a quick daily summary, which saves me time as opposed to visiting different websites. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I spend the first hour reviewing the daily dashboards from our five ventures<\/strong>, analyzing performance metrics and understanding what is happening with each of them. Then, I usually have strategic meetings with the CEOs or managing directors of our ventures to discuss growth plans, partnerships, or any challenges. We all operate in the same building, except one company, so I also make it a point to connect with employees directly \u2014 walk around, chat, get a sense of everyone. My day breaks down into three core parts \u2014 numbers, strategy, and people.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The one constant in my day is looking at the numbers.<\/strong> Every single day without fail, I review the metrics. That comes from my engineering background. It helps me stay updated with everything that is happening inside each venture.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Professionally, I\u2019d love to see one or two more successful exits from our current <\/strong><strong>ventures. <\/strong>Personally, I\u2019m working with a friend who runs a nonprofit microfinance platform called <a target=\"_blank\" href=\"https:\/\/naslink.co\/\" style=\"\" rel=\"noopener\">Naslink<\/a>. It provides interest-free loans to underserved families using a community-based model. I\u2019ve been working with him on tech and scalability. I\u2019d love to help them reach 10k families. That would be a dream come true.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is a very distracting job \u2014 five ventures multiplied by 12 offices means a lot of <\/strong><strong>moving pieces. <\/strong>The only thing that works for me is the old-school daily to-do list written on paper. Every morning, I update it and cross off items as I go. I\u2019ve tried every digital productivity tool, but I always come back to pen and paper.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I believe that discipline and efficiency are key.<\/strong> When you\u2019re younger, managing your own time is crucial. As you advance in your career, the ability to hire good people becomes paramount, as they dramatically reduce stress. If you hire the right people, you can trust them to run the business. If not, you\u2019ll end up firefighting all the time. One great hire can make all the difference.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Swimming in the morning really helps me relax. <\/strong>At night, I enjoy watching Arabic TV series with my family. I also watch some stuff on Netflix occasionally, but Arabic content resonates more with me.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I\u2019m drawn to shows with a strong social message.<\/strong> I really like <a target=\"_blank\" href=\"https:\/\/www.imdb.com\/title\/tt30808759\/\" style=\"\" rel=\"noopener\">Hala Khasa<\/a>, <a target=\"_blank\" href=\"https:\/\/www.imdb.com\/title\/tt36264033\/\" style=\"\" rel=\"noopener\">Lam Shamseya<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.imdb.com\/title\/tt16442566\/\" style=\"\" rel=\"noopener\">Family Matter<\/a>. I believe these shows have very powerful messages and a huge social impact. In terms of books, one that really changed my mindset is <a target=\"_blank\" href=\"https:\/\/www.goodreads.com\/book\/show\/1211090\" style=\"\" rel=\"noopener\">How to Stop Worrying and Start Living<\/a> by Dale Carnegie. It\u2019s an old book from the 1940s, but the lessons are timeless, especially with the amount of mental pressure we experience today. I\u2019ve read it three times, and I keep going back to it whenever I feel my anxiety levels creeping up.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cIf you ask, you might get a no. But if you don\u2019t ask, it\u2019s a no already.\u201d<\/strong> My father told me that, and I\u2019ve passed it on to my kids and colleagues. Every time I\u2019ve taken a chance and asked for something \u2014 even from someone senior \u2014 I\u2019ve been surprised by how often the answer is yes.<\/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\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/telecoms\/\">TELECOMS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/venture-building\/\">venture building<\/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=\"670148\" 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\/08\/14\/670148\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-670148\" class=\"content-area-description single-story post-670148 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\">AUGUST <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28 August (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>9-11 September (Tuesday-Thursday): The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.papermideast.com\/eg\/\" style=\"\">International Exhibition for Paper, Corrugated Board, Paperboard and Tissue Paper Industries<\/a><\/span><span style=\"font-weight:400;\"> \u2014 PAPER-ME \u2014 takes place at the 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;\">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>1 October (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/photo.php?fbid=1308615827975501&id=100064812882317&set=a.144073987763030\" style=\"\">Applications<\/a><\/span><span style=\"font-weight:400;\"> for alternative housing for old rent tenants will open through an online platform or at post offices nationwide.<\/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>7-8 October (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/hace.com.eg\/\" style=\"\">HACE-Hotel Expo<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibitions Center. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>7-9 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/egymedica.com\/\" style=\"\">EgyMedica Exhibition<\/a><\/span><span>, Cairo International Convention Center.<\/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:400;\">Mid-October: Capmas to publish the findings of its 2023-2024 income and expenditure survey.<\/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>Sales on appliances | Real estate market trends | Investors are ditching US 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