{"id":675793,"date":"2025-11-19T00:00:00","date_gmt":"2025-11-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=675793"},"modified":"2025-12-18T09:39:56","modified_gmt":"2025-12-18T09:39:56","slug":"our-return-to-the-global-lng-market","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/our-return-to-the-global-lng-market\/","title":{"rendered":"Our return to the global LNG market"},"content":{"rendered":"<section id=\"675795\" 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=\"675795\">\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     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      <a href=\"https:\/\/api.whatsapp.com\/send?text=19+districts+to+hold+parliamentary+elections+re-runs+in+December+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F11%2F19%2F19-districts-to-hold-parliamentary-elections-re-runs-in-december%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\/11\/19\/19-districts-to-hold-parliamentary-elections-re-runs-in-december\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1446.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"675796\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/19-districts-to-hold-parliamentary-elections-re-runs-in-december\/1446-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1446.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1446.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1446.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1446.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-675795\" class=\"content-area-description single-story post-675795 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseam tag-house-of-representatives 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\/11\/.627f7011-5b73-4f62-b92c-78c7b59e593b.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends. <\/strong>The news flow is showing no sign of slowing down even as we inch closer to the weekend. We lead today\u2019s issue with news that the government is after fresh LNG imports to fill the supply gap and an interview with Valu CEO Walid Hassouna on the firm\u2019s latest earnings and what we can expect next. <\/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>The fourth and final weekly special issue about the GEM will land in your inbox <\/strong><strong>later this morning<\/strong>, charting the museum\u2019s journey from the launch of a record-breaking international design competition to the final stages of completion and capturing the challenges, milestones, and unwavering ambition that brought it to life.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Missed the first three issues of the series? Catch up here:<\/strong> (<a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/afaeb56d-3dfa-4cc5-bb25-04efd21bf58f\/the-backstory\" style=\"\" rel=\"noopener\">The backstory<\/a> | <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/81a19079-3987-4487-a193-ffe8b5fb7131\/opening-night\" style=\"\" rel=\"noopener\">Opening<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/81a19079-3987-4487-a193-ffe8b5fb7131\/opening-night\" style=\"\" rel=\"noopener\">night<\/a> | <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/7b228603-e531-4ce0-8347-b39b69f7783e\/one-week-later\" style=\"\" rel=\"noopener\">The immediate impact<\/a>).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/archive\/list\/1\/17\/unveiling-the-gem\/0\/0\/25\/1\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/844.jpg?ssl=1\"><\/a> <\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><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>It\u2019s a sunny day in Cairo today, with a high of 28\u00b0C and a low of 17\u00b0C, according to our favorite weather app.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s just as sunny in Alexandria<\/strong>, with a high of 28\u00b0C and a low of 17\u00b0C.<\/p><p class=\"tag-border-left\">WATCH THIS SPACE- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>Nineteen districts to hold parliamentary elections re-runs in December: <\/strong>Voters in 19 districts across Giza, Fayoum, Assiut, Sohag, Qena, Alexandria, and Beheira will head back to the polls next month for a re-run of the House of Representatives elections, the National Elections Authority (NEA) announced in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/photo\/?fbid=1146018081052934&amp;set=pcb.1146018187719590\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. This comes after President Abdel Fattah El Sisi <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5989852f-9c4d-4964-8b90-cbda2ad08ea7\/el-sisi-calls-for-review-of-recent-parliamentary-elections\" style=\"\" rel=\"noopener\">called<\/a> on the authority to review appeals filed by several candidates over alleged fraud in the first round of the parliamentary vote.<\/p><p class=\"tag-border-left\">HAPPENING TOMORROW- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>Will the CBE resume its easing cycle tomorrow?<\/strong> The central bank\u2019s Monetary Policy Committee will meet tomorrow to decide whether to cut interest rates again. The committee decided to cut interest rates <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/da4c3c78-eb78-465c-82e3-ac8b105a4da5\/central-bank-of-egypt-resumes-rate-cuts-with-100-bps-move\" style=\"\" rel=\"noopener\">100 bps<\/a> in its sixth meeting of the year in October, extending the easing cycle it resumed in April after a brief pause in July. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Analysts and economists <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0541f80e-2c50-4d2a-9103-51da24ff6557\/analysts-split-on-interest-rates-ahead-of-cbe-meeting\" style=\"\" rel=\"noopener\">polled by EnterpriseAM<\/a><\/strong> <strong> are divided <\/strong>about what the CBE will do, with four out of the 11 analysts we surveyed penciling a 50-100 bps rate cut, while five see policymakers leaving rates unchanged, and the remaining two undecided.<\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/p><\/div>\n<\/div>\n<\/div><p class=\"tag-border-left\">CIRCLE YOUR CALENDAR- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/egyptsmessummit.com\/\" style=\"\" rel=\"noopener\">Egypt Business Solutions Summit<\/a><\/strong><strong> will take place on 1 December at the <\/strong><strong>InterContinental City Stars in Cairo. <\/strong>The event will bring together SME leaders, investors, and policymakers to explore innovation, finance, growth, and sustainability in Egypt\u2019s business ecosystem.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/\" style=\"\" rel=\"noopener\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/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\">Have you checked out EnterpriseAM MENA &lt;&gt; India? It's our newest briefing tracking one of the world's most dynamic trade, investment, and cultural corridors. Every Monday, Wednesday, and Friday, we'll track the transactions, trends, and market moves connecting these two dynamic regions. The flow of capital, talent, and trade between MENA and the Indian subcontinent is one of the most important economic stories in the world \u2014 and we\u2019re telling as only we can.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">If you\u2019re investing, trading, or scouting for your next big move in MENA or India, subscribe to EnterpriseAM MENA &lt;&gt; India by tapping <strong><a target=\"_blank\" href=\"https:\/\/sub.ent.news\/mena-india\" style=\"\" rel=\"noopener\">here<\/a><\/strong> to get the strategic intelligence you need.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we 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>In yesterday\u2019s issue of EnterpriseAM, we mistakenly said that CIRA Education\u2019s net income increased fourfold y-o-y last fiscal year. In fact, the education services provider actually saw its income increase nearly fivefold \u2014 385% to be precise. We have amended the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/95d8ec47-485f-449f-a912-7f73dab2f5cc\/%253cmark%253ecira%253c%2Fmark%253e-education-sees-net-income-jump-fourfold-during-fy-24-25\" 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>A US tech market slump and the Epstein files are dominating headlines in the international <\/strong><strong>press this morning.<\/strong> Claude-maker Anthropic received a push from Microsoft and Nvidia, but US tech stocks still took quite a hit.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Anthropic will receive up to USD 15 bn in new funding from Microsoft and Nvidia<\/strong>, the latest wager on the fast-growing Claude developer. Microsoft will invest up to USD 5 bn while Nvidia will invest up to USD 10 bn, part of a broader funding round expected to value Anthropic at more than USD 300\u2013350 bn. The AI startup has agreed in return to purchase USD 30 bn in Azure computing capacity, which will run on Nvidia\u2019s newest AI chips. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/anthropic-commits-30-billion-microsoft-azure-compute-2025-11-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2f82a42c-7b41-40a4-b549-bce7805166f3\" style=\"\" rel=\"noopener\">The Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/11\/18\/2025\/anthropic-agreement-with-nvidia-and-microsoft-raises-ai-circularity-concerns\" style=\"\" rel=\"noopener\">Semafor<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/11\/18\/anthropic-ai-azure-microsoft-nvidia.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Markets are not buying it: <\/strong>US tech stocks fell sharply on Tuesday as mounting concerns over \u201cfrothy\u201d AI valuations triggered a broad sell-off across global markets. The tech-heavy Nasdaq Composite closed 1.2% lower, with major AI-linked names leading the declines as Nvidia slid 2.8%, while Microsoft shed 2.7% and Amazon declined 4.4%. The pullback comes ahead of Nvidia\u2019s earnings on Wednesday, a report investors see as a critical gauge of whether the AI boom can justify the sector\u2019s soaring valuations. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/72c35b5a-f75f-493d-ba86-a35d8d1f3490\" style=\"\" rel=\"noopener\">The Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/11\/18\/2025\/global-markets-retreat-sharply-on-fears-of-tech-bubble\" style=\"\" rel=\"noopener\">Semafor<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/11\/18\/global-stocks-slide-as-valuation-fears-grow-ahead-of-nvidia-earnings.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/nvidia-set-320-billion-price-swing-after-earnings-options-indicate-2025-11-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have more on that in this morning\u2019s Planet Finance, below. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- President Donald Trump received Crown Prince Mohammed Bin Salman in the <\/strong><strong>White House<\/strong>, where they signed agreements on defense, nuclear negotiations, AI and more. The President cleared future F-35 deliveries to Saudi and designated the Kingdom as a major non-Nato ally, while the Crown Prince pledged to increase Saudi\u2019s investment package in the US to a whopping USD 1 tn.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- <\/strong>The US Congress voted overwhelmingly on Tuesday to release the Justice Department\u2019s files on the disgraced financier Jeffrey Epstein, a move enabled by Trump\u2019s abrupt reversal after months of resisting the measure. The legislation is now awaiting Trump\u2019s signature. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/us-house-vote-epstein-files-release-trump-drops-opposition-2025-11-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/politics\/live-news\/trump-presidency-epstein-files-house-vote-11-18-25\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a1e71b91-41f8-4508-b6bb-87dbb0df81e5\" style=\"\" rel=\"noopener\">The Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2025\/11\/18\/us\/trump-epstein-files-news\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-18\/house-votes-to-release-epstein-files-in-new-setback-for-trump?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO WORTH READING-<\/strong><\/p><ul>\n<li><strong>Meta does not hold an illegal social media monopoly<\/strong>, a US federal judge ruled. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/f3206cf5-82d3-4b38-9999-907448b5a6d0\" style=\"\" rel=\"noopener\">The Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/11\/18\/technology\/meta-google-antitrust-tech.html\" style=\"\" rel=\"noopener\">The New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/11\/18\/meta-wins-ftc-antitrust-trial-that-focused-on-whatsapp-instagram.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/boards-policy-regulation\/meta-defeats-us-antitrust-case-over-instagram-whatsapp-2025-11-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/li>\n<\/ul><ul>\n<li><strong>Cloudflare restored internet services on Tuesday<\/strong> after an oversized security configuration file crashed parts of its network and clocked access to platforms like X and ChatGPT. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/elon-musks-x-down-thousands-us-users-downdetector-shows-2025-11-18\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.semafor.com\/article\/11\/18\/2025\/cloudflare-outage-takes-down-large-parts-of-the-internet\" style=\"\" rel=\"noopener\">Semafor<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/11\/18\/cloudflare-down-outage-traffic-spike-x-chatgpt.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/li>\n<\/ul><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2503.jpg?ssl=1\"><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> EnterpriseAM\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue: <\/strong>We dive into the under-construction 2.6k land route between Egypt and Chad.<\/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\/house-of-representatives\/\">House of Representatives<\/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=\"675797 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=\"675797\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/675797\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-675797\" class=\"content-area-description single-story post-675797 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\/10\/1453.jpg?ssl=1\"><\/a><\/span><\/p><div class=\"grouped-tags\">\n<p><span style=\"font-weight:400;\">The Opening of The Kaktus Hotel marks a new destination in Somabay, inspired by active lifestyle and culinary destination offerings. The Kaktus has finally bloomed on the Red Sea.<\/span><\/p>\n<p><span>#Lovesomalivekaktus<\/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=\"675798\" 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=\"675798\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/egypt-returns-to-global-lng-market-to-fill-supply-gap\/\">\r\n                            Egypt returns to global LNG market to fill supply gap                        <\/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\/11\/19\/egypt-returns-to-global-lng-market-to-fill-supply-gap\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/egypt-returns-to-global-lng-market-to-fill-supply-gap\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/egypt-returns-to-global-lng-market-to-fill-supply-gap\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt returns to global LNG market to fill supply gap&url=https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/egypt-returns-to-global-lng-market-to-fill-supply-gap\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/egypt-returns-to-global-lng-market-to-fill-supply-gap\/&title=Egypt returns to global LNG market to fill supply gap\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+returns+to+global+LNG+market+to+fill+supply+gap+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F11%2F19%2Fegypt-returns-to-global-lng-market-to-fill-supply-gap%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\/11\/19\/egypt-returns-to-global-lng-market-to-fill-supply-gap\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/669.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"675799\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/egypt-returns-to-global-lng-market-to-fill-supply-gap\/669-jpg-26\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/669.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"669.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/669.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/669.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-675798\" class=\"content-area-description single-story post-675798 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-egyptian-general-petroleum-corporation tag-energy tag-enterpriseam tag-oil-and-gas tag-oil-ministry 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\/11\/.6e23d8ff-ea00-419f-ab51-45bc6ede6dfa.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>We\u2019re once again seeking LNG imports: <\/strong>The Egyptian General Petroleum Corporation (EGPC) is heading back to the global LNG market to plug a supply gap after months of cutting and delaying imports on the back of oversupply and weaker demand, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-11\/egypt-seeks-last-minute-lng-cargoes-to-meet-demand-this-month\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people it says have knowledge of the matter. EGPC has issued a tender to procure three liquefied natural gas (LNG) shipments for delivery in mid-to-late November.<\/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>Reversing course:<\/strong> Last month, the Oil Ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3dbcbf9c-5061-4be2-ad4c-79407492a350\/\" style=\"\" rel=\"noopener\">moved to<\/a> reduce the number of agreed-upon LNG shipments scheduled for shipment in October \u2014 for the second month in a row \u2014 to six shipments from an initially expected 19, citing a combination of weak domestic demand and increased local output.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LNG supplies secured through next summer: <\/strong>The Madbouly government has secured strategic medium-term contracts for LNG through June 2026 and is continuing to request additional shipments through monthly tenders to keep prices competitive, a government source told EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have quite the roster of suppliers: <\/strong>Over the past two years, the Oil Ministry has expanded its natural gas supplier roster to more than 70, helping stabilize prices. Over the summer, Egypt <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f6ea2e89-2761-441e-b80d-5f7de89c274a\/egypt-signs-3-5-year-lng-agreements-with-global-suppliers\" style=\"\" rel=\"noopener\">agreed<\/a> to purchase up to 125 LNG cargoes annually from a long list of suppliers that includes Saudi Aramco, Trafigura Group, Vitol Group, Hartree Partners, BGN, Shell, and Azerbaijan\u2019s Socar. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The shift comes following the freeze of a new Israeli gas agreement<\/strong>, which had been expected to boost pipeline inflows beginning last October. EGPC is now turning back to the global market to secure additional LNG shipments to meet local demand, a senior government official told EnterpriseAM. The source added that up to 20 LNG shipments are expected before year-end, with new cargoes being secured through tenders with approved suppliers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Israel has hit pause on its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a5ea0cf3-b7f4-4ee2-ab23-06794178f32e\/israel-to-more-than-double-leviathan-gas-exports-to-egypt-under-usd-35-bn-agreement\" style=\"\" rel=\"noopener\">USD 35 bn gas export agreement<\/a> with Egypt until its interests are secured and a fair price for the Israeli market is agreed upon, Israeli Energy Minister Eli Cohen\u2019s office said in a statement earlier this month. While political tensions between Cairo and Tel Aviv already <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b39482e1-eba0-430f-964f-acf4bb07ad39\/%253cmark%253eisrael%253c%2Fmark%253e-halts-its-usd-35-bn-gas-export-agreement-with-egypt-as-egyptian-israeli-relations-grow-tense\" style=\"\" rel=\"noopener\">complicated the agreement<\/a>, this most recent roadblock is reportedly from internal commercial disputes in Israel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still, import needs are expected to decline next year.<\/strong> LNG import volumes are projected to fall around 30% in 2026, supported by higher domestic production and growing renewable energy capacity, according to the source. Our LNG requirements for next year are estimated at 120-125 shipments.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egyptian-general-petroleum-corporation\/\">Egyptian General Petroleum Corporation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-ministry\/\">Oil 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=\"675800 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=\"675800\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/675800\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-675800\" class=\"content-area-description single-story post-675800 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:\/\/omny.fm\/shows\/enterpriseam-egypt\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/780.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"675801\" 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=\"675801\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/walid-hassouna-on-valus-9m-earnings-expansion-and-more\/\">\r\n                            Walid Hassouna on Valu\u2019s 9M earnings, expansion, and more                        <\/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\/11\/19\/walid-hassouna-on-valus-9m-earnings-expansion-and-more\/\" 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 EGX-listed fintech giant saw its net income more than double y-o-y to EGP 541 mn during the first nine months of the year and revenues jump 84% y-o-y to EGP 4.0 bn during the period, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1420.pdf\" style=\"\" rel=\"noopener\">latest earnings release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Diving deeper: <\/strong>Gross merchandise value (GMV) was up 56% y-o-y during the nine-month period to come in at EGP 17.3 bn, with transactions more than doubling to EGP 6.1 mn. Total loans issued reached EGP 14.5 bn, up 49% y-o-y, for 9M 2025, while the number of active users climbed to 873k, giving the company a 23% market share as of August.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Zooming in: <\/strong>Net income came in at EGP 201 mn during the third quarter of the year, marking a 966% y-o-y jump, while revenues jumped 70% y-o-y to EGP 1.4 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the numbers:<\/strong> Valu\u2019s expanding customer base and higher engagement levels supported the strong results, with increased reliance on the platform\u2019s core lending product and growing daily use of its products. To dig deeper into the numbers and the strategic direction behind them, <strong>we spoke to Valu CEO Walid Hassouna.<\/strong><\/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\">KEY HIGHLIGHTS FROM OUR TALK WITH HASSOUNA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hassouna told EnterpriseAM that the firm\u2019s performance this year is being driven by a <\/strong><strong>structural shift in how consumers use the platform<\/strong>, with prepaid card frequency, disciplined underwriting, and deeper customer engagement emerging as the core levers behind profitability. Hassouna said Valu has hit a \u201ctipping point\u201d where higher-frequency, smaller-ticket transactions are generating operating leverage and accelerating net income well above revenue growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also from Hassouna: <\/strong><\/p>\n<ul>\n<li><strong>Valu is preparing its first EGP 2-3 bn conventional bond issuance<\/strong>, expected to hit the market in 1Q 2026.<\/li>\n<li><strong>The fintech has staffed its new Jordan entity,<\/strong> wired USD 7 mn in capital, and expects to begin operations in 1Q 2026. <\/li>\n<li><strong>The first reduced its approval rates<\/strong> and introduced new rules, particularly for customers with high debt-to-income ratios.<\/li>\n<li><strong>The player is looking to get its SME lending license.<\/strong><\/li>\n<li><strong>Average daily transactions have grown <\/strong>from 10k last year to 22.2k per day.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">INSIDE THE VALU PLAYBOOK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>To understand the drivers behind Valu\u2019s accelerating profitability and the roadmap for <\/strong><strong>2026 we spoke with Hassouna for a deeper look under the hood.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>EnterpriseAM:<\/strong> You've got net <strong>income up 139% and revenue up 84%. <\/strong>The one thing that really just jumped out at us is the delta between income growth and revenue growth, which suggests a lot of <strong>operating leverage.<\/strong> What are the top factors that allowed profitability to accelerate so much faster than the growth in the top line?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>Walid Hassouna:<\/strong> We\u2019re trying to be in the lives of customers on a daily basis. Our average daily transactions have grown from 10k last year to <strong>22.2k per day.<\/strong> Our main goal was always to have a <strong>smaller ticket size with higher frequency<\/strong> because this makes customers less sensitive to the current interest rate environment and willing to pay interest on smaller transactions. <strong>This increased frequency, driven by prepaid card growth<\/strong>, has led to operational efficiencies (less overhead, simpler processes), even if the prepaid card itself is slightly more expensive. This is basically why our net profit growth is higher than our revenue growth. This will be the case going forward because <strong>we hit a tipping point last year.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>EnterpriseAM:<\/strong> You had a 56% uptick in <strong>gross merchandise value<\/strong> that you covered, and yet <strong>NPLs (Non-Performing Loans) were still sub 1% at like 0.92%<\/strong> or so. Typically, you would see, especially in a climate like this where consumers are strained, that rapid revenue growth also translates into new strain on the loan book. What has allowed you to constrain the NPL ratio so tightly while you're growing the GMV so fast?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>WH:<\/strong> In the last few years, our main focus has been growing our market share. This year, after the IPO, we had a shift in our strategy. Most transactions are from our recurring customers, which accordingly reduces our NPL. We only want to onboard customers with <strong>extraordinary credit performance<\/strong>, so we're now scrutinizing new customers with a focus on the highest-quality customers in terms of risk. We\u2019ve <strong>decreased our [new client] approval rates from the mid-50s to the mid-40s.<\/strong> We remain above 20% market share, competing with 45 companies, <strong>but most importantly, we're protecting our market share by not onboarding lower-credit profiles.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>EnterpriseAM:<\/strong> Tell us about <strong>consumer sentiment heading into 2026.<\/strong> Some folks are reading the tea leaves right now and seeing signs of a further deterioration, not just in purchasing power but in the ability to manage the debt that some segments of the consumer market had racked up. How do you feel about that? How are you addressing that in the business model?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>WH:<\/strong> We\u2019ve seen this, which is why we reduced our approval rates and introduced new, more stringent underwriting rules, particularly for customers with high debt-to-income ratios, even if they fall within regulatory limits. We\u2019re also avoiding customers who have already racked up debt elsewhere. There is a new breed of customers coming in with minimal information about this product. Some practices are converting this into something similar to cash loans, and this is not something the regulator would love to see. We\u2019re actively screening out that sort of potential customer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\">Also, many customers are very wise right now. They understand we're in an <strong>easing cycle.<\/strong> They'll be better off by next year after a decrease in interest rates. Those customers will not move right now.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>I believe next year will look like the following: There will be a massive decrease in <\/strong><strong>interest rates<\/strong>, and we're already planning to decrease ours significantly. Actually, we have a promo in December on that basis. Also, you will see fewer promos from many players, including Valu, because these promos are <strong>loss-making for customer acquisition.<\/strong> And since the FRA has stopped issuing more licenses, everyone is going to be very wise with loss-making promos \u2014 they\u2019re going to dry up. It\u2019s very important what we\u2019ve done this year to onboard customers with <strong>high affordability and high willingness to pay<\/strong>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>EnterpriseAM:<\/strong> So careful attention to who you onboard and to the ongoing credit quality of the portfolio.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>WH:<\/strong> Yes. The other thing is we are now more focused on our <strong>prepaid card as an everyday <\/strong><strong>solution.<\/strong> We think it has already been transformed into a credit card, which is very good. We're also focused on <strong>longer tenor loans.<\/strong> We\u2019ve increased our market share significantly in <strong>auto loans.<\/strong> It jumped from around 3-4% to <strong>15%.<\/strong> We also introduced Shop\u2019IT, an <strong>in-app checkout marketplace<\/strong> operated by Valu.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>EnterpriseAM:<\/strong> What does that mean in practical terms? What does Shop\u2019IT do exactly? How would we use it?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>WH:<\/strong> When we launched Valu, people thought that if they had Valu and an active limit, they could easily transact through the app like a marketplace. The reality is they had to go to Amazon, Noon, or Zara to make a transaction, whether offline or online. Now, we have <strong>more than 25 merchants who have made their full catalog available in our app.<\/strong> So, they can search, find what they want, buy the product, pay for it, and wait for it to be delivered. This is Shop\u2019IT.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>EnterpriseAM:<\/strong> How much of that is competition to your relationship with Amazon, your shareholder?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>WH:<\/strong> It's the contrary. Our shareholder is very happy because we now act as their <strong>affiliate <\/strong><strong>marketing company.<\/strong> We're one of those partners using affiliate programs. So, it's <strong>better for their strategy and enhances our relationship.<\/strong> The full Amazon catalog is available on our app right now.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>EnterpriseAM: You had a 75% jump in transactions per customer.<\/strong> How did you get them to view you as an everyday solution and not for big-ticket purchases?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>WH:<\/strong> We had this goal from day one. It was difficult for merchants and clients because we were focused on <strong>\u201cpay with Valu,\u201d not \u201cinstall with Valu.\u201d<\/strong> We added many categories that customers hadn\u2019t previously considered for affordability. We increased our exposure to fashion, pharmacies, and education. We're signing a new agreement with <strong>electric charging companies.<\/strong> We also introduced Spark\u2019IT, a zero-cost one-month tenor product across all our merchants. And we built our prepaid card in the customer's mind. Our most prominent players in the prepaid card market will be ride-hailing apps and food delivery services.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>EnterpriseAM:<\/strong> When we spoke last around the IPO, you saw <strong>Shift and Ulter<\/strong> as key to your strategy. Today\u2019s report called them <strong>notable contributors to earnings.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>WH:<\/strong> It's essential to look at this from 2022. Competition was increasing, and we didn\u2019t want this product commoditized. Last year, in the same nine months, 72% of our business came from U. <strong>This year, the figure is 60%. Our prepaid card grew from 9% to 18%. Shift moved from 11% to 13%. Ulter and loans have tripled.<\/strong> They now represent 6.5% of our GMV. This was our strategy from day one: having multiple products that are <strong>wider and deeper than any competition.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>EnterpriseAM:<\/strong> What can we expect from Jordan in 2026, and <strong>when do you think Jordan hits <\/strong><strong>the P&L?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>WH: We\u2019ve already got a mandated chairman and a country manager, and a CEO who <\/strong><strong>was hired last month. We wired USD 7 mn to our account in Jordan.<\/strong> We\u2019re in the final stages of licensing, and we\u2019re going to operate <strong>in 1Q 2026.<\/strong> Jordan will be a little bit loss-making in year one. Still, you will see <strong>profitability growth at Valu on a consolidated basis between 2026 and 2027<\/strong>, even after consolidating Jordan. Our hope is that Jordan turns positive in <strong>18 months.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>EnterpriseAM:<\/strong> Then we spoke again about the IPO, focusing on <strong>one Asian market and one <\/strong><strong>African market<\/strong> in the second half of 2026. Is that still in the cards?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>WH: So, Jordan is our Asian market.<\/strong> We\u2019re focused on it. <strong>A market after that will be an <\/strong><strong>African market. It might be delayed until early 2027. <\/strong>We need to make sure Jordan is on autopilot before directing resources into a new market. But it\u2019s an <strong>African \/ North African market.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>EnterpriseAM:<\/strong> In terms of growth heading into the new year, is there that stereotypical thing that is 20% of our business delivering 80% of our growth? What is the big driver?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>WH: The Valu product line is now very diversified. The maximum frequency will be on the <\/strong><strong>prepaid card<\/strong>, but it will represent less than 30-35% of our business. Then it\u2019s U, the <strong>revolving credit limit<\/strong> that we\u2019ve set on a closed-loop basis, because these are recurring customers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>We have over 800k active customers.<\/strong> So my assumption is prepaid card, followed by U, and then everything else. <strong>Shop\u2019IT would be the hero of next year's growth<\/strong>, but I don\u2019t believe it\u2019s going to exceed 5-7% of our sales. The beauty of Shop\u2019IT is that it offers a massive return: we receive a rebate and an immediate <strong>marketing commission.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>We submitted for an SME lending license.<\/strong> We think we\u2019ve got everything we need to serve our merchants not only on the B2C side but also on the <strong>B2B side.<\/strong> We have a readily available <strong>closed-loop financing program <\/strong>for them based on their history and performance with us. And we're considering new instruments for financing next year. We want to add to what we have on discounting, offloading, securitization, bilateral agreements, and <strong>bond issuance.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>EnterpriseAM:<\/strong> Any color on the potential bond?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.0;text-align:left\"><strong>WH:<\/strong> The bond is in early stages. We finalized the private rating process, and it was very positive. We hired EFG Hermes to be our advisor on that, and it's in the early stages. We're looking at EGP 2-3 bn of funding. This will be <strong>conventional financing.<\/strong> I expect the bond to be issued and subscribed to in the first quarter of next year.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/valu\/\">ValU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n 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class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">EXPANSION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/hassan-allam-holding-to-help-develop-sar-3-3-bn-project-in-riyadh-2\/\">\r\n                            Hassan Allam Holding to help develop SAR 3.3 bn project in Riyadh                        <\/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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href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/hassan-allam-holding-to-help-develop-sar-3-3-bn-project-in-riyadh-2\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1444.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"675805\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/hassan-allam-holding-to-help-develop-sar-3-3-bn-project-in-riyadh-2\/1444-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1444.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1444.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1444.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1444.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-675804\" class=\"content-area-description single-story post-675804 post type-post status-publish format-standard has-post-thumbnail hentry category-expansion tag-enterpriseam tag-expansion tag-hassan-allam-holding tag-hospitality tag-real-estate tag-saudi-arabia 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\/11\/.f17e7814-d6c9-46a5-aec0-fac61f9c471f.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egyptian players \u2665\ufe0fSaudi Arabia: <\/strong>Two Egyptian players announced projects in Saudi Arabia with combined investments exceeding SAR 3.4 bn.<\/p>\n<p class=\"tag-border-left\">A SAR 3.3 BN REAL ESTATE PROJECT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hassan Allam Holding and Tilal Real Estate will develop a SAR 3.3 bn <\/strong><strong>integrated project in Riyadh <\/strong>under a strategic partnership inked with the National Housing Company (NHC), according to a joint <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1387.pdf\" style=\"\" rel=\"noopener\">st<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1387.pdf\" style=\"\" rel=\"noopener\">atement (pdf)<\/a>. The 228k-sqm project \u2014 whose investments are set to total USD 880 mn at today\u2019s exchange rate \u2014 will be executed by Hassan Allam Holding\u2019s development arm Grova Developments, with Tilal Real Estate serving as the primary local partner.<\/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 project aligns with Saudi Arabia\u2019s Vision 2030 housing program<\/strong>, an effort by the NHC to increase home ownership by \u201c[combining] regional expertise and national leadership to deliver a new model for modern urban living,\u201d according to the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201cThis milestone reflects our confidence in Saudi Arabia's dynamic real estate sector and our commitment to long-term investment in the Kingdom. For decades, we have delivered landmark projects that connect people, infrastructure, and opportunity. Through this partnership with NHC, we are bringing that legacy to Riyadh, building communities that combine sustainable design with lasting value for residents,\u201d Hassan Allam Holding CEO Hassan Allam said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">A SAR 120 MN HOTEL-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Local hospitality player<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/www.brassbellhospitality.com\/\" style=\"\" rel=\"noopener\">Brassbell Hospitality Group<\/a><\/strong><strong> launched Fanaya <\/strong><strong>Hotel in Jeddah<\/strong><strong> with a SAR 120 mn investment<\/strong>, the group\u2019s Vice President of Expansion and Growth Adham Elbedewy told EnterpriseAM. The move marks the group\u2019s first venture outside of Egypt and its first in the Kingdom, according to an emailed <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1379.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The launch coincides with the tourism investments hype the Kingdom is seeing this quarter, Elbedewy told us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More to come: <\/strong>Brassbell is positioning the Kingdom as its primary expansion focus over the next five years, Elbedewy told us. Following its debut in Jeddah, the group is in advanced discussions to open two new Fanaya properties in Riyadh. It is also developing 145 units across two serviced apartment complexes in the capital, slated to open next year, Elbedewy said. In addition, Brassbell is in early negotiations for a wellness resort in Taif, and it is mulling developing a hybrid lifestyle hotel in the Eastern Province.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Brassbell is \u201cextremely optimistic\u201d about the Kingdom\u2019s hospitality sector, as tourism is <\/strong><strong>on track for \u201csustained double-digit annual growth,\u201d<\/strong> Elbedewy told us, citing major events and increased air connectivity driven by Vision 2030. Brassbell expects that demand will outpace supply, especially in Jeddah and Riyadh. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/expansion\/\">expansion<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hassan-allam-holding\/\">Hassan Allam Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hospitality\/\">hospitality<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/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=\"675806\" 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=\"675806\">\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\">Banking<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/cbe-to-digitize-financial-identity\/\">\r\n                            Egypt to digitize financial identity                        <\/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\/11\/19\/cbe-to-digitize-financial-identity\/\" 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 CBE holds a EGP 308 mn, 55% stake in the company behind the platform.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The platform's launch precedes the upcoming release of the official application<\/strong> \u2014 \"Haweyeti\" \u2014 on app stores, a move aimed at enhancing financial inclusion in the local market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Financial inclusion in Egypt reached 76.3% in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/26180076-ff37-4657-a2ec-97ce43fe9240\/%2525d8%2525a7%2525d9%252584%2525d9%252585%2525d8%2525b1%2525d9%252583%2525d8%2525b2%2525d9%25258a:-%2525d9%252585%2525d8%2525b9%2525d8%2525af%2525d9%252584%2525d8%2525a7%2525d8%2525aa%25253cmark%25253e-%2525d8%2525a7%2525d9%252584%2525d8%2525b4%2525d9%252585%2525d9%252588%2525d9%252584-%2525d8%2525a7%2525d9%252584%2525d9%252585%2525d8%2525a7%2525d9%252584%2525d9%25258a%25253c%252Fmark%25253e-%2525d8%2525aa%2525d8%2525b1%2525d8%2525aa%2525d9%252581%2525d8%2525b9-%2525d8%2525a5%2525d9%252584%2525d9%252589-76.3%252525\" style=\"\" rel=\"noopener\">June 2025,<\/a> with 53.8 mn citizens having active bank or Egypt Post accounts, mobile wallet, or prepaid cards, up from 74.8% at the end of last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The platform allows both local and foreign residents to easily open bank accounts<\/strong>, obtain credit facilities, or authenticate previously submitted customer requests, National Bank of Kuwait\u2019s Mahmoud El Masry told EnterpriseAM. It will attract the unbanked population, giving it access to various financial services, including digital ins. services, Economist Hany Abou El Fotouh said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>success of the new platform hinges on three key factors<\/strong><strong>:<\/strong> Offering low-cost services suitable for all segments of society, the extent of smartphone penetration; and the ease of use of the electronic application, according to Abou El Fotouh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Through collecting customer data across governorates, the new platform will boost <\/strong><strong>anti-money laundering efforts<\/strong> by improving the CBE's supervision of financial transactions, according to El Masry. The CBE\u2019s primary goal is to achieve a balance between speedy service delivery and enhanced oversight. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Confidence <\/strong><strong>in data protection is crucial for ensuring customer adoption<\/strong>, according to Abou El Fotouh. Customer privacy and security must be guaranteed, ensuring identity data remains separate from financial data under the Data Protection Law, he said. \u201cAny platform involves risks of data leaks or hacking; however, these risks can be mitigated by adopting advanced firewalls and secure servers, which are very costly,\u201d according to El Masry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How to get people on board? <\/strong>Any change will face initial resistance, El Masry notes, adding that the CBE must promote the initiative through awareness campaigns. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What this means for banks: <\/strong>Reducing customer visits to branches and minimizing paper transactions will help banks lower their operating expenses and improve efficiency. However, in return, banks will need to make initial investments to link their internal systems within the new platform, according to Abou El Fotouh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a regional level: <\/strong>A lot of GCC nations already have their own platforms to make digital banking and identity more seamless \u2014 Saudi Arabia has Absher, Kuwait has Houwiyeti, and the UAE has UAE Pass. \u201cRegional neighbors accelerated the launch of digital platforms during the Covid-19 pandemic, digitizing their governmental and financial services,\u201d according to El Masry.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"675808\" 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=\"675808\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/mid-market-investment-firm-rmbv-said-to-buy-spinneys-egypt-for-egp-2-5-bn\/\">\r\n                            Mid-market investment firm RMBV said to buy Spinneys Egypt for EGP 2.5 bn                        <\/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\/11\/19\/mid-market-investment-firm-rmbv-said-to-buy-spinneys-egypt-for-egp-2-5-bn\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" 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href=\"https:\/\/x.com\/intent\/post?text=Mid-market investment firm RMBV said to buy Spinneys Egypt for EGP 2.5 bn&url=https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/mid-market-investment-firm-rmbv-said-to-buy-spinneys-egypt-for-egp-2-5-bn\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/mid-market-investment-firm-rmbv-said-to-buy-spinneys-egypt-for-egp-2-5-bn\/&title=Mid-market investment firm RMBV said to buy Spinneys Egypt for EGP 2.5 bn\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Mid-market+investment+firm+RMBV+said+to+buy+Spinneys+Egypt+for+EGP+2.5+bn+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F11%2F19%2Fmid-market-investment-firm-rmbv-said-to-buy-spinneys-egypt-for-egp-2-5-bn%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\/11\/19\/mid-market-investment-firm-rmbv-said-to-buy-spinneys-egypt-for-egp-2-5-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1448.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"675809\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/mid-market-investment-firm-rmbv-said-to-buy-spinneys-egypt-for-egp-2-5-bn\/1448-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1448.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1448.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1448.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1448.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-675808\" class=\"content-area-description single-story post-675808 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-enterpriseam tag-ma-watch tag-rmbv tag-spinneys-2 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\/11\/.91d2756d-5e7a-4e63-8216-3126ff175dec.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Spinneys Egypt draws interest from RMBV:<\/strong> North Africa Fund III (RNFA III), a private equity vehicle managed by <a target=\"_blank\" href=\"https:\/\/www.rmbv.net\/\" style=\"\" rel=\"noopener\">RMBV<\/a>, reportedly signed an agreement to fully take over Spinneys Egypt for roughly EGP 2.5 bn, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/companies\/107457\/%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%AA%D8%A7%D8%A8%D8%B9-%D9%84-rmbv-%D8%A7%D9%84%D9%87%D9%88%D9%84%D9%86%D8%AF%D9%8A%D8%A9-%D9%8A%D8%B3%D8%AA%D8%AD%D9%88%D8%B0-%D8%B9%D9%84%D9%89-%D8%B3%D8%A8%D9%8A%D9%86%D8%B3-%D9%85%D8%B5%D8%B1\/?utm_term=Autofeed&utm_campaign=ebx-egy&utm_medium=Social&utm_source=Facebook&Echobox=1763443708&fbclid=IwY2xjawOJAIdleHRuA2FlbQIxMABicmlkETFmNjdkSUg4Tk53TmszU1Nyc3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHoim8IXPHlGrsvxTMVFnpGw7IUrybG7ZJk85n5hthOnb4JZesdq9NX3p3lDn_aem_FbFeA6QKgUFEGdOT3a2Q7Q\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports citing people it says are familiar with the matter. Spinneys Egypt didn\u2019t immediately return our request for comment.<\/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>Expansion in the cards:<\/strong> The move, which is said to be pending approval from the Egyptian Competition Authority, will see the fund double the retailer\u2019s roughly 30-store network over the next three years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> This transaction directly aligns with RMBV's previously announced intentions to ramp up its investment in the domestic market, particularly targeting consumer-facing sectors. RMBV had earlier stated its plan to invest <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/32d6761b-2732-4af5-9cc3-e9281da9b71f\/private-equity-firm%253cmark%253e-rmbv%253c%2Fmark%253e-plans-to-invest-usd-100-mn-in-egypt-in-2025\" style=\"\" rel=\"noopener\">USD 100 mn in Egypt during 2025<\/a> by acquiring stakes in four to five companies. It is said to be targeting at least USD 400 mn in commitments. RMBV's current investments in Egypt include Cleopatra Hospitals Group and EGX-listed higher ed outfit Taaleem.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS<\/strong>- Arqaam Capital is said to be quarterbacking the transaction, while Matouk Bassiouny & Hennawy provided legal counsel. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The Sovereign Fund of Egypt is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e923d4ae-fffb-495f-a23f-0f77725ce1bf\/the-2025-enterpriseam-egypt-forum-kicks-off-in-just-a-few-hours\" style=\"\" rel=\"noopener\">in talks to invest<\/a> in North Africa Fund III, a source told us last month, though the size of its potential stake remains under negotiation. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We sat down with Spinneys Egypt CEO Mohanad Adly in 2023<\/strong>, check out the full conversation <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e8d59e6b-0f9f-4a87-b4e2-ffd4715d5274\/my-morning-routine:-mohanad-adly,-ceo-of%253cmark%253e-spinneys%253c%2Fmark%253e-egypt\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/rmbv\/\">RMBV<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/spinneys-2\/\">Spinneys<\/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=\"675810\" 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=\"675810\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/contact-financials-net-income-falls-44-y-o-y-in-9m-2025\/\">\r\n                            Contact Financial\u2019s net income falls 44% y-o-y in 9M 2025                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/contact-financials-net-income-falls-44-y-o-y-in-9m-2025\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/contact-financials-net-income-falls-44-y-o-y-in-9m-2025\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/contact-financials-net-income-falls-44-y-o-y-in-9m-2025\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Contact Financial\u2019s net income falls 44% y-o-y in 9M 2025&url=https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/contact-financials-net-income-falls-44-y-o-y-in-9m-2025\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/contact-financials-net-income-falls-44-y-o-y-in-9m-2025\/&title=Contact Financial\u2019s net income falls 44% y-o-y in 9M 2025\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Contact+Financial%E2%80%99s+net+income+falls+44%25+y-o-y+in+9M+2025+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F11%2F19%2Fcontact-financials-net-income-falls-44-y-o-y-in-9m-2025%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\/11\/19\/contact-financials-net-income-falls-44-y-o-y-in-9m-2025\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/4.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"675811\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/contact-financials-net-income-falls-44-y-o-y-in-9m-2025\/4-jpg-54\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/4.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"4.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/4.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/4.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-675810\" class=\"content-area-description single-story post-675810 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-contact-financial tag-earnings tag-earnings-watch tag-enterpriseam 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\/11\/.4c62e5d9-26aa-496d-8ef8-941827485d8c.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Non-banking financial services firm Contact Financial Holding reported a <\/strong><strong>normalized net income of EGP 280 mn in 9M 2025<\/strong>, down 44% y-o-y, according to its latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1383.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The decline was driven by weaker profitability in both its financing and ins. divisions, despite growth in operating income. The group\u2019s total operating income rose 17% y-o-y to EGP 2 bn during the nine-month period.<\/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 breakdown:<\/strong> The financing division saw its net income fall 51% y-o-y in 9M 2025 to EGP 153 mn, as higher operating and digital transformation costs weighed on the bottom line. The ins. division also saw a sharp decline, with net income dropping 48% y-o-y to EGP 73 mn, despite strong growth in gross written premiums and revenue. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said: <\/strong>\u201c2025 has been a deliberate year of rebuilding for Contact \u2014 strengthening our foundations, restructuring the group, and reinforcing operational discipline across all subsidiaries \u2026 Our ins. platform continued to scale its contribution, with revenues rising 52% y-o-y, reaffirming Contact\u2019s unique position as Egypt\u2019s only NBFI operating at depth across financing, ins., mobility, and business solutions,\u201d the company\u2019s management said.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/contact-financial\/\">Contact Financial<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings\/\">earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"675812 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"675812\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/675812\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-675812\" class=\"content-area-description single-story post-675812 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/264.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"675813\" 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=\"675813\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/deloitte-innovation-hub-has-big-investment-plans-for-egypt\/\">\r\n                            Deloitte Innovation Hub has big investment plans for Egypt                        <\/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\/11\/19\/deloitte-innovation-hub-has-big-investment-plans-for-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/deloitte-innovation-hub-has-big-investment-plans-for-egypt\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/deloitte-innovation-hub-has-big-investment-plans-for-egypt\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Deloitte Innovation Hub has big investment plans for Egypt&url=https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/deloitte-innovation-hub-has-big-investment-plans-for-egypt\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/deloitte-innovation-hub-has-big-investment-plans-for-egypt\/&title=Deloitte Innovation Hub has big investment plans for Egypt\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Deloitte+Innovation+Hub+has+big+investment+plans+for+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F11%2F19%2Fdeloitte-innovation-hub-has-big-investment-plans-for-egypt%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\/11\/19\/deloitte-innovation-hub-has-big-investment-plans-for-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/828.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"675814\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/deloitte-innovation-hub-has-big-investment-plans-for-egypt\/828-jpg-31\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/828.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"828.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/828.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/828.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-675813\" class=\"content-area-description single-story post-675813 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-almarai tag-also-on-our-radar tag-beyti tag-deloitte tag-enterpriseam tag-manufacturing tag-outsourcing tag-technology 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\/11\/.7d9b85b1-e08f-44f5-85cc-d36cde092ff6.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DIGITAL EXPORTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Deloitte Innovation Hub plans to invest USD 80 mn over the next three years <\/strong><strong>to strengthen Egypt\u2019s digital ecosystem<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1405.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. This builds on the USD 30 mn the company has already invested in the market.<\/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>What they said:<\/strong> \u201cAs we move forward, we\u2019re investing heavily in advancing our AI and cloud capabilities, further strengthening Cairo\u2019s position as a global destination for digital excellence,\u201d COO Ahmed Salem said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Deloitte was one of 39 global digital services companies <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f7a74aad-8ab5-48ed-928b-b849214309ea\/39-global-digital-services-providers-look-to-use-egypt-as-their-main-base-of-operations\" style=\"\" rel=\"noopener\">said<\/a> to be planning to use Egypt as their main base of operations. <\/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\">DEVELOPMENT FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt secured EUR 294.5 mn in concessional financing, debt swaps, grants, and <\/strong><strong>technical cooperation from Germany <\/strong>under <a target=\"_blank\" href=\"https:\/\/moic.gov.eg\/news\/2615\" style=\"\" rel=\"noopener\">agreements signed<\/a> between the two sides during Planning Minister Rania Al Mashat\u2019s time in Berlin. While some of the agreements are <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/09265c74-dc7d-4db9-9e98-ec5593555984\/egypt,-germany-sign-eur-118-mn-financing-agreement\" style=\"\" rel=\"noopener\">old news<\/a>, some are coming to light for the first time. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new agreements include:<\/strong> A EUR 15 mn grant to finance the second phase of the Risk Management Mechanisms project, which aims to support SMEs and facilitate their access to funds; A EUR 20 mn grant to fund the third phase of the national solid waste management program; A EUR 570k grant to help digitize distribution networks and support ongoing energy-efficiency upgrades.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS-<\/strong> The two sides also signed the 2025-2028 negotiation protocol, which grants use EUR 123 mn in concessional financing and technical cooperation. The funding will support projects across a wide range of national priorities, including climate and energy transition and education. <\/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\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Almarai subsidiary Beyti inaugurated five new production lines at its Nubaria <\/strong><strong>factory, with EGP 1 bn in investments<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1403.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The expansion boosts the factory\u2019s production capacity for cheese, yogurt, and drinking yogurt. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/almarai\/\">Almarai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/beyti\/\">Beyti<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/deloitte\/\">Deloitte<\/a>\n                <!-- <span 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post-675815 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam tag-financial-markets tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.a163cce0-3647-4270-a6d0-d00b8a168777.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>M<\/strong><strong>arkets continued to see sell-offs for the fourth consecutive session due <\/strong><strong>to inves<\/strong><strong>tors\u2019 anxiety over soaring AI companies\u2019 valuations <\/strong>and the instability of the artificial intelligence boom. Sundar Pichai, CEO of Google parent company Alphabet, also warned in an <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/cwy7vrd8k4eo\" style=\"\" rel=\"noopener\">interview with the BBC<\/a> that \u201cno company is going to be immune\u201d to the impacts of the AI bubble bursting. He described the current AI investment wave as \"extraordinary\" while acknowledging that it has an \u201celement of irrationality.\u201d <\/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>US markets saw steep declines: <\/strong>The S&amp;P 500 closed down 0.8%, while the Dow Jones fell 1.1%, and the tech-heavy Nasdaq shed 1.2% during yesterday\u2019s trade. Also driving the fall is speculation over US interest rates not getting cut as \u201cquickly as hoped,\u201d <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/business\/live\/2025\/nov\/18\/stock-market-sell-off-ai-bubble-google-nvidia-ftse-100-bitcoin-business-live-news\" style=\"\" rel=\"noopener\">The Guardian<\/a> reports, citing commentary from policymakers. Nervousness over tech giant Nvidia\u2019s earnings and worry around massive debt over AI infrastructure are also adding to market volatility. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Could Nvidia\u2019s earnings offer some comfort? <\/strong>US chipmaker Nvidia will release its quarterly results later today. Investors will also be on the lookout for September\u2019s US jobs report, which will see the light tomorrow after government-shutdown related delays. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the numbers: <\/strong>\u201cA selloff in the world\u2019s largest technology companies drove stocks to their longest slide since August, underscoring the US market\u2019s narrow reliance on a handful of growth giants. Wall Street has grown increasingly concerned that AI isn\u2019t yet generating enough revenue or profits to justify the massive spending on infrastructure,\u201d <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-18\/stock-market-today-dow-s-p-live-updates\" style=\"\" rel=\"noopener\">Bloomberg<\/a> wrote. <\/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>as investors assess the fallout from the sell-off. Japan\u2019s Nikkei, the Shanghai Composite, and the Hang Seng are all in the green, looking at moderate gains, while the Kospi is down 0.2%. <\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">40,501<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.4% (YTD: +36.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CBE)<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 47.11<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 47.24<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CIB<\/strong><strong>) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 47.13<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 47.23<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">21.00% deposit<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">22.00% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,099<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: -7.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,882<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: +4.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,899<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.0% (YTD: +14.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,617<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.8% (YTD: +12.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,552<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.3% (YTD: +16.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,535<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.9% (YTD: +13.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 64.56<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4.38<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2%<\/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>Gold <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4,061<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 92,590<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: -1.1%)<\/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 Egypt Sovereign Bond Index<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">964.52<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2% (YTD: +24.0%)<\/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 MENA Bond &amp; Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">152.03<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +8.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">24.69<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+10.3% (YTD: +42.3%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div><p class=\"tag-border-left\">THE CLOSING BELL-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 fell 1.4% at yesterday\u2019s close<\/strong> on turnover of EGP 5.3 bn (8.9% above the 90-day average). International investors were the sole net sellers. The index is up 36.2% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Juhayna (+2.3%), Abu Qir Fertilizers (+1.2%), and Ibnsina Pharma (+0.9%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>GB Corp (-4.1%), Misr Cement (-3.8%), and Emaar Misr (-3.6%).<\/p><p class=\"tag-border-left\">CORPORATE ACTIONS- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CIRA Education\u2019s board approved a EGP 200 mn dividend payout <\/strong><strong>for the <\/strong><strong>fiscal year that ended August 2025<\/strong>, equivalent to EGP 0.34 per share, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/1408.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>. The proposal is pending shareholders\u2019 approval.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull hardhat vertical-section wide-section wp-block-group issue-section\" id=\"675817\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27467.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep-dive into infrastructure in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27479.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Wednesday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/hardhat\/\">\r\n                            Read Hardhat                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">10<\/div>\r\n    \r\n                        <p class=\"f-graphik\">HARDHAT<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/egypt-chad-land-route-to-connect-the-landlocked-economy-to-egypt-north-africa-and-beyond\/\"> \r\n                            Egypt-Chad land route to connect the landlocked economy to Egypt, North Africa, and beyond<\/a>\r\n                        <\/h3>\r\n    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/egypt-chad-land-route-to-connect-the-landlocked-economy-to-egypt-north-africa-and-beyond\/\" 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 route through the Libyan desert connects landlocked Chad and its surplus of livestock to Egypt\u2019s growing appetite on account of its population and even hungrier Egyptian businesspeople in search of attractive investment possibilities.<\/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>Work on the Egyptian side is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/55498e50-8e41-47d9-8781-8abf16961180\/the-cement-industry-is-recovering,-but-challenges-remain\" style=\"\" rel=\"noopener\">already underway<\/a><\/strong>, with the state\u2019s Arab Contractors having built 15% of the 370 km section between East Oweinat and the Libyan border, according to El Wazir. Arab Contractors are also set to study the 390 km part of the route through Libya and have inked two agreements with the Chadian government for two stretches stretching 1360 km all the way to N\u2019Djamena.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The route is set to be a big boost for Chad\u2019s economy<\/strong>, opening up a quicker route to the sea for the landlocked country. Bridging the Libyan desert has the potentially to effectively connect the central African nation to economies across North Africa opening options also outside Egypt for import, export, and investment,<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The route also gives Chad the chance to capitalize on its plentiful green area in the south <\/strong><strong>and livestock potential. <\/strong>Ahead of the route\u2019s completion \u2014 which may take some time \u2014 Egyptian private sector players are already coordinating on opening livestock farms and slaughterhouses in the country, according to El Wazir.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dairy and cheese cooperation is also part of the plan<\/strong>, with Egyptian companies using the link as a springboard to start milk processing factories and cheese factories. There\u2019s potential to really add value by using Egyptian expertise to develop the capacity in Chad to turn milk into infant formula. And where there\u2019s cows, there\u2019s leather, which could open cooperation for tanned leather and leather product production. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Chad-Egypt land route is just part of a larger plan with much more important <\/strong><strong>implications.<\/strong> The most optimistic of which is an African Continental Freetrade Area working towards mirroring the economic weight of the European Union, which necessitates the efficient and freetravel of goods and capital across the continent through roads, railways, and maritime links connecting each country of the continent. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Progress on building physical infrastructure connecting nations h<\/strong><strong>as been made \u2014 but at a much slower place than planned.<\/strong> Since 1971, the United Nations Economic Commission for Africa-initiated Trans-African Highway project has completed about 20% of the planned 57k kilometer road network. The nine highways crisscrossing the continent and connecting Cairo all the way down to Cape Town in the south and Dakar in the west were envisaged as an obvious way to boost trade and alleviate poverty \u2014 so the question is, what happened?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>At present, it\u2019s said that it\u2019s cheaper and faster to ship a container from Shanghai to <\/strong><strong>Mombasa than it is to move the same container from Mogadishu to Mombasa. <\/strong>Cairo\u2019s relationship with many other African nations is the same, with imports from outside the continent outweighing imports from Africa at quite dramatic ratios. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Just 16 of the 52 African countries <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e6fa5d96-5d82-42df-b402-9a66b36e2d99\/local-companies-are-playing-an-increasingly-important-role-in-africa%25e2%2580%2599s-usd-170-bn-a-year-infrastructure-push\" style=\"\" rel=\"noopener\">source more than 0.5% of their intermediate goods<\/a><\/strong> <strong> from within Africa.<\/strong> Despite all sitting on the same continent, imports from outside Africa are often cheaper \u2014 a fact that the African Union, African Development Bank, and many others are trying to change. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Intra-African trade accounts for around 15-18% of total trade, compared to 68% within <\/strong><strong>Europe,<\/strong> according to the United Nation Conference on Trade and Development. Asia, which has geographic and political complications of its own, sees intra-continental trade account for 59% of total trade.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking at Egypt specifically, only 2.2% of our total imports in 2024 were from nations in <\/strong><strong>the African Union<\/strong>, led by copper from the Democratic Republic of Congo. Exports to African Union nations makes up a much larger proportion at 17.2%, but this mostly due to exports to our North African neighbours, with non-Arab African countries accounting for around 3% of total exports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Much of the problem stems from colonial-era infrastructure works being designed for <\/strong><strong>extraction not integration. <\/strong>Roads and railways ran from the mine to the port, or from the plantation to the sea \u2014 they were never designed to link African capitals to one another. And following the end of colonial rule, the ways countries\u2019 economies and urban centres developed geographically was often informed by this existing infrastructure, which happened at varying degrees depending on the country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Security has been, and continues to drag on interconnectivity projects<\/strong>, with a civil war in Libya until only a few years back preventing any large scale logistics projects in the country. Other countries across the continent have also gone through or are currently experiencing conflict, preventing the building of additional trade networks and haulage companies veering away because of the lack of a properly insured route.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It also all comes at a cost \u2014 and the continent is yet to secure the necessary backing. <\/strong>Out of the USD 130-170 bn a year in infrastructure financing the African Development Bank thinks we need to hit its targets for the continent \u2014 which faces a roughly USD 96 bn financing gap \u2014 logistics infrastructure is a big part. Road, ports, and other logistics infrastructure needs a lower estimate of USD 35 bn and higher estimate of USD 47 bn per year to realize the development bank\u2019s vision for a more interconnected region that will in turn boost the economy.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egypt-chad-relations\/\">Egypt-Chad relations<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hardhat\/\">Hardhat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"675819\" 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\/11\/19\/675819\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-675819\" class=\"content-area-description single-story post-675819 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\">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 (Sunday-Wednesday): <\/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>16-19 November (Sunday-Wednesday): The 12th edition of the Digital Payments and Financial Inclusion Exhibition and Forum (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/pafix.org\/\" style=\"\">PAFIX 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>21 November (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.eeawards.org\/en\/home\" style=\"\">Egypt\u2019s Entrepreneur Awards<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-25 November (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/nebugoldexpo.com\/\" style=\"\">NEBU Expo 2025 gold and jewelry exhibition<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibitions Center, New 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;\">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:400;\">November: The Conference on Early Recovery, Reconstruction, and Development in Gaza.<\/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 December (Monday): The <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/egyptsmessummit.com\/\" style=\"\">Egypt Business Solutions Summit<\/a><\/span><span>, InterContinental City Stars Cairo. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-4 December (Monday-Thursday): <\/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;\">, 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>4-7 December (Thursday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/egystitchandtex.com\/garments\/\" style=\"\">Egy Stitch & Tex Expo 2025<\/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>8 December (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid0DqNmujJD7PVenjE5PiJQoFFTyZ7xMS6SWmr2tsfWa6FrXymQP3FDAyBQ8iHo7Grcl&id=61562245173260\" style=\"\">Egypt-UK Investment Conference<\/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>15 December (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/dfp.global\/#conference\" style=\"\">Neo Gen PropTech and Sustainable Smart Cities Conference<\/a><\/span><span style=\"font-weight:400;\">, The St. Regis Hotel New Capital<\/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:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">December: Germany\u2019s North Rhine-Westphala business delegation to land 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;\">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>10-12 February (Tuesday-Thursday): Gitex Global\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/share\/p\/1QkF8DUZBj\/\" style=\"\">AI Everything Middle East & Africa<\/a><\/span><span style=\"font-weight:400;\"> Summit <\/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;\">30 March - 1 April: Egypt International Energy Conference and Exhibition 2026 (EGYPES)  <\/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;\">27-29 September (Sunday-Tuesday): Egypt will host the fourth edition of the Global Conference on Population, Health and Human Development.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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;\">2027: Egypt-EU Summit 2027 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">End of 2027: Trial operations at the Dabaa nuclear power plant expected to take place.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">September 2028: First unit of the Dabaa nuclear power plant begins operations.<\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Saudi projects | Digitizing the financial identity | Spinneys Egypt gets new owner | What\u2019s next for Valu?<\/p>\n","protected":false},"featured_media":675794,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-675793","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"d6f20a16-d3cc-452f-9aca-37b7231984f1","teaser":"Saudi projects | Digitizing the financial identity | Spinneys Egypt gets new owner | What\u2019s next for Valu?","photo_url":"https:\/\/ent.news\/2025\/11\/1449.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Our return to the global LNG market - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/our-return-to-the-global-lng-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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