{"id":676479,"date":"2025-12-01T00:00:00","date_gmt":"2025-12-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=676479"},"modified":"2025-12-18T09:57:42","modified_gmt":"2025-12-18T09:57:42","slug":"imf-mission-lands-in-cairo-today","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/imf-mission-lands-in-cairo-today\/","title":{"rendered":"IMF mission lands in Cairo today"},"content":{"rendered":"<section id=\"676481\" 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=\"676481\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">What We're Tracking Today<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/01\/el-sisi-directs-authorities-to-launch-second-package-of-tax-facilities\/\">\r\n                            El Sisi directs authorities to launch second package of tax facilities                        <\/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\/12\/01\/el-sisi-directs-authorities-to-launch-second-package-of-tax-facilities\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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src=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/4.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"676482\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/01\/el-sisi-directs-authorities-to-launch-second-package-of-tax-facilities\/4-jpg-55\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/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\/2025\/12\/4.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/4.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-676481\" class=\"content-area-description single-story post-676481 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseam tag-tax 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\/12\/.d96cc442-6afc-4423-8813-162cfb41a6f3.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, all, and welcome to the last month of the year. <\/strong>We have a busy issue to kick off the month and we don\u2019t expect things to calm down as the week unfolds, with a mission from the IMF landing in town shortly for the fifth and sixth reviews of our USD 8 bn program. We dive into what we can expect from the mission\u2019s two-week visit and the indicators giving us hope that the Fund will greenlight the reviews later this month in the news well. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO IN TODAY\u2019S ISSUE- <\/strong>We interview CI Capital\u2019s Amr Helal to discuss what it will take to revive Egypt\u2019s capital markets.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/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> <\/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 another cool day in Cairo, with a high of 23\u00b0C and a low of 14\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 cool in Alexandria<\/strong>, with a high of 22\u00b0C and a low of 14\u00b0C.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Missed this week\u2019s Inside Industry? <\/strong>In our weekly vertical exploring all things industry and manufacturing, we looked at the country\u2019s iron and steel industry, what problems have burrowed themselves within, their root causes, and how they might be addressed. Check out the story <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/50c12109-16cf-40ae-8b4f-d60ec751e86a\/egypt%25e2%2580%2599s-iron-and-steel-industry-is-showing-cracks\" style=\"\" rel=\"noopener\">here<\/a>.<\/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>#1- The second package of tax facilities under the spotlight: <\/strong>President Abdel Fattah El Sisi met with Prime Minister Moustafa Madbouly and Finance Minister Ahmed Kouchouk to discuss the details of the long-awaited second package of tax facilities, according to an Ittihadiya <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/pfbid02eCTs8jZEqMTj9HXrYx7PhBrevEdcvLfEwoPTYWzgFt9ZFnQtQdm1j1mBC3ZSKUkpl\" style=\"\" rel=\"noopener\">statement<\/a>. During the meeting, <strong>El Sisi directed authorities to launch the package<\/strong>, emphasizing the importance of continuing to develop the tax system. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Package two of four: <\/strong>The package is part of a four-package tax strategy \u2014 the first package came with the aim of building trust between taxpayers and the tax authority and the second to incentivize tax compliance. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The new package targets compliant taxpayers with incentives, simplified procedures, and digital tools to encourage voluntary compliance and boost business liquidity and competitiveness. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What else can we expect from the second package of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7757a86a-3553-42c6-a441-95fee6e3d831\/%2525d8%2525aa%2525d9%252581%2525d8%2525a7%2525d8%2525b5%2525d9%25258a%2525d9%252584-%2525d8%2525ac%2525d8%2525af%2525d9%25258a%2525d8%2525af%2525d8%2525a9-%2525d8%2525ad%2525d9%252588%2525d9%252584-%2525d8%2525ad%2525d8%2525b2%2525d9%252585%2525d8%2525a9-%2525d8%2525a7%2525d9%252584%2525d8%2525ab%2525d8%2525a7%2525d9%252586%2525d9%25258a%2525d8%2525a9-%2525d9%252585%2525d9%252586%25253cmark%25253e-%2525d8%2525a7%2525d9%252584%2525d8%2525aa%2525d9%25258a%2525d8%2525b3%2525d9%25258a%2525d8%2525b1%2525d8%2525a7%2525d8%2525aa%25253c%252Fmark%25253e%25253cmark%25253e-%2525d8%2525a7%2525d9%252584%2525d8%2525b6%2525d8%2525b1%2525d9%25258a%2525d8%2525a8%2525d9%25258a%2525d8%2525a9%25253c%252Fmark%25253e\" style=\"\" rel=\"noopener\">tax facilities<\/a><\/strong><strong>? <\/strong>The new package is primarily focused on resolving issues experienced by the tax community when it comes to following the VAT Law by introducing new facilities and removing hurdles facing businesses. Last month, we spoke with Deputy Finance Minister for Taxes Sherif Al Kilani to learn more about the facilities \u2014 check out the interview <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b6b308b8-3cf2-4996-9781-f1b56ff1c137\/finmin-deputy-reveals-key-details-regarding-second-package-of%253cmark%253e-tax%253c%2Fmark%253e-facilities\" style=\"\" rel=\"noopener\">here<\/a>.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#2- Gourmet is targeting a 1Q 2026 window for a potential IPO on the EGX<\/strong>, Hazem Barakat, co-founder and chairman of B Investments \u2014 which holds a 53% stake in the high-end supermarket chain \u2014 told Cairo Weekend\u2019s Zeina Soufan (<a target=\"_blank\" href=\"https:\/\/now.asharq.com\/clips\/1789698\/%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%A7%D9%84%D9%85%D8%A8%D8%A7%D8%B4%D8%B1-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D8%A8%D9%8A%D9%86-%D8%A7%D9%84%D8%B7%D8%B1%D9%88%D8%AD%D8%A7%D8%AA-%D9%88%D9%81%D8%B1%D8%B5-%D8%A7%D9%84%D9%86%D9%85%D9%88\/\" style=\"\" rel=\"noopener\">watch, runtime: 13:54<\/a>). The private equity owner, once said to be choosing between <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a8e6e32a-6aff-407a-b87d-bbdf3d7f96d5\/the-future-of-b-investments%25e2%2580%2599-stake-in%253cmark%253e-gourmet%253c%2Fmark%253e-is-up-in-the-air\" style=\"\" rel=\"noopener\">a full exit and upping its stake<\/a> in Gourmet, is now exploring a public share sale by early next year amid better market conditions, Barakat said, noting that no final decisions have yet been made.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Barakat also addressed last year\u2019s near-exit attempt<\/strong>, saying B Investments came very close to divesting Gourmet to an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2f452278-6f2d-43b0-ae8e-77549460d4b2\/b-investments-to-sell-up-to-30%2525-stake-in%253cmark%253e-gourmet%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">unnamed foreign buyer<\/a>. The process stalled as the buyer\u2019s global strategy shifted, he said, adding that the delay ultimately worked in their favor with Gourmet\u2019s 2024 results seeing 30-40% y-o-y growth, strengthening the case for a public listing.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- There\u2019s another layer to the story:<\/strong> Gourmet founder and owner of the remaining 47% stake Jalal Abu Ghazaleh <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a8e6e32a-6aff-407a-b87d-bbdf3d7f96d5\/the-future-of-b-investments%25e2%2580%2599-stake-in-gourmet-is-up-in-the-air\" style=\"\" rel=\"noopener\">reportedly tapped<\/a> EFG Hermes last year to manage the sale of a stake in the high-quality food emporium, though the plan never materialized.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#3- The government is weighing a proposal to establish a global debtors <\/strong><strong>coalition <\/strong>that would allow debt-laden countries to coordinate positions, exchange expertise, and jointly address restructuring and debt-management challenges, government sources told EnterpriseAM. The concept \u2014 still in early study \u2014 would require a clear institutional framework and could complement Egypt\u2019s broader strategy to convert portions of sovereign debt into investment projects, a model Cairo has already deployed at scale and plans to expand over the coming years.<\/p><p class=\"tag-border-left\">NEWS TRIGGERS- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s the first day of December <\/strong>\u2014 here are the key news triggers to keep your eyes on this month:<\/p><ul>\n<li><strong>Brace yourselves for a slew of IMF-related news<\/strong>, with an IMF delegation touching down in Egypt today for a nearly two-week trip to discuss \u2014 and hopefully greenlight \u2014 the combined fifth and sixth reviews of our USD 8 bn Extended Fund Facility program. Want to know more? We\u2019ve got the inside scoop ahead of their visit in the newswell below.<\/li>\n<li><strong>Non-oil private sector activity to break its eight-month streak in the red? <\/strong>S&amp;P Global will release PMI figures measuring non-oil private sector activity for November on Wednesday. Last month\u2019s report came with encouraging news, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/272a98fd-8af5-4ec5-83cc-fce010addbc1\/non-oil-private-sector-contraction-eases-in-october\" style=\"\" rel=\"noopener\">with the index edging up to 49.2<\/a>, 0.8 points short of the 50.0 threshold that separates growth from contraction.<\/li>\n<li><strong>The business community and policymakers will have their eyes on November\u2019s <\/strong><strong>inflation figures<\/strong>, which are expected to be released on 10 December. The country\u2019s last monthly reading showed annual headline urban inflation <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/24b51d16-6751-42b2-a4f5-242a7e004475\/%253cmark%253einflation%253c%2Fmark%253e-accelerates-for-first-time-in-four-months\" style=\"\" rel=\"noopener\">rising by 0.8 percentage points<\/a> to 12.5%, largely on the back of higher fuel and food and beverage prices. Most analysts see inflation continuing to accelerate at a moderate pace throughout the rest of 2025, before falling again in 2026.<\/li>\n<li><strong>One last interest rate cut in 2025? <\/strong>The central bank\u2019s Monetary Policy Committee will meet on 25 December for its last meeting of the year to decide on whether to extend the easing cycle that kicked off in April. The committee <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5ff57bbc-dd56-45de-8d77-d7743a489d58\/cbe-leaves-interest-rates-unchanged-following-october-uptick-in-inflation\" style=\"\" rel=\"noopener\">kept rates unchanged<\/a> in its November meeting following an uptick in inflation, but most analysts seem to agree that it will decide to cut rates from 100-200 bps this time round.<\/li>\n<\/ul><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\">FROM THE DEBT MARKETS- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>CBE to hold USD t-bill auction: <\/strong>The Central Bank of Egypt <a target=\"_blank\" href=\"https:\/\/www.cbe.org.eg\/en\/auctions\/usd-t-bills\" style=\"\" rel=\"noopener\">will auction off<\/a> USD 950 mn worth of one-year USD-denominated treasury bills with the submission deadline penciled in for 11am today. The treasuries will likely refinance USD 980.5 mn of USD-denominated one-year t-bills at an average yield of 4.50% due to mature tomorrow. <\/p><p class=\"tag-border-left\">HAPPENING TODAY-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/egyptsmessummit.com\/\" style=\"\" rel=\"noopener\">Egypt Business Solutions Summit<\/a><\/strong><strong> kicks off today at InterContinental <\/strong><strong>Citystars. <\/strong>The one-day event \u2014 held under the theme From Local to Global \u2014 will bring together business leaders, SMEs, and innovators for discussions on expanding beyond borders, with sessions covering leadership, export planning, international branding, and investor readiness.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- It\u2019s day one of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.egyptdefenceexpo.com\/\" style=\"\" rel=\"noopener\">Egypt Defence Expo (EDEX)<\/a><\/strong><strong> at the Egypt International <\/strong><strong>Exhibition Center. <\/strong>The event, which is running until Thursday, will showcase the latest land, sea, and air defense technologies. The event is expected to bring together over 40k visitors to check out the 450 exhibiting companies.<\/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 cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p><p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a quiet Monday morning in the global business press<\/strong>, with no single story dominating the headlines. Among those receiving attention:<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Israeli Prime Minister Benjamin Netanyahu has formally requested a presidential <\/strong><strong>pardon from President Isaac Herzog in his ongoing corruption trial<\/strong>, citing the \u201cpublic interest\u201d in ending the case. In his letter to the president, Netanyahu said the trial has become a source of \u201cdeep public division\u201d and that ending it would help restore national unity. The move marks a reversal for Netanyahu, who has long denied the charges and vowed to prove his innocence. Herzog confirmed receiving the request and said it would be reviewed carefully. (<a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/11\/30\/middleeast\/netanyahu-pardon-israel-president-intl\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/mideast-wars-netanyahu-pardon-5dbc2461b440c8edc8d82d31650cdbe8\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/netanyahu-officially-asks-israeli-president-pardon-2025-11-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/nov\/30\/benjamin-netanyahu-asks-israel-president-isaac-herzog-for-pardon-corruption-case\" style=\"\" rel=\"noopener\">Guardian<\/a>)<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Pope Leo arrived in Beirut yesterday for a three-day visit aiming to promote peace <\/strong><strong>and unity in Lebanon<\/strong>, following an Israeli strike on southern Beirut that killed five people. During his first foreign trip since his election in May, the pontiff is scheduled to meet political and religious leaders, celebrate mass on the Beirut waterfront, and visit the site of the 2020 port explosion. (<a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/11\/30\/middleeast\/pope-leo-lebanon-foreign-visit-intl\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2025\/11\/30\/pope-leo-lebanon-christians-middle-east\/\" style=\"\" rel=\"noopener\">Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/pope-leo-taking-peace-message-lebanon-target-israeli-strikes-2025-11-30\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2025\/nov\/30\/pope-leo-urges-lebanese-leaders-make-peace-highest-priority\" style=\"\" rel=\"noopener\">Guardian<\/a>)<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2495.jpg?ssl=1\"><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. <\/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 take a look at the government\u2019s plans to convert 1.6k public technical schools into internationally linked institutions. <\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/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=\"676483 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=\"676483\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/01\/676483\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-676483\" class=\"content-area-description single-story post-676483 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\/11\/1538.jpg?ssl=1\"><\/a><\/span><\/p>\n<div class=\"grouped-tags\">\n<p><span style=\"font-weight:700\">ATP tennis returns to Egypt after 15 years: <\/span><span>Somabay to host the Somabay Open &ndash; ATP Challenger 50 With the Somabay Open &ndash; ATP Challenger 50, Somabay once again steps into the spotlight of international tennis. From 17 to 23 November 2025, professional players from around the world will gather on Egypt&rsquo;s Red Sea coast for a tournament that marks the next milestone in the destination&rsquo;s sporting evolution.<\/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=\"676484\" 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=\"676484\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/01\/imf-mission-lands-today-heres-whats-on-its-agenda\/\">\r\n                            IMF mission lands in Egypt today \u2014 here\u2019s what's on its agenda                        <\/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\/12\/01\/imf-mission-lands-today-heres-whats-on-its-agenda\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            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href=\"https:\/\/api.whatsapp.com\/send?text=IMF+mission+lands+today+%E2%80%94+here%E2%80%99s+what%27s+on+its+agenda+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2025%2F12%2F01%2Fimf-mission-lands-today-heres-whats-on-its-agenda%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\/12\/01\/imf-mission-lands-today-heres-whats-on-its-agenda\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1247.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"676485\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/01\/imf-mission-lands-today-heres-whats-on-its-agenda\/1247-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1247.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1247.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1247.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/1247.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-676484\" class=\"content-area-description single-story post-676484 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-economy tag-enterpriseam tag-imf wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/12\/.be660496-d39b-43a9-b7bf-0981cbf5aee1.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>An IMF delegation is set to land in Egypt today \u2014 and there\u2019s hope we\u2019ve made enough <\/strong><strong>progress to get the final sign-off on our combined fifth and sixth reviews<\/strong>, three government sources told EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In case you forgot, the International Monetary Fund decided in July <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cdb4f3fe-e1c4-4691-9c87-8360a75fc3d1\/imf-to-combine-fifth,-sixth-loan-reviews-to-give-egypt-time-to-meet-reform-targets\" style=\"\" rel=\"noopener\">to postpone our fifth<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cdb4f3fe-e1c4-4691-9c87-8360a75fc3d1\/imf-to-combine-fifth,-sixth-loan-reviews-to-give-egypt-time-to-meet-reform-targets\" style=\"\" rel=\"noopener\">review<\/a><\/strong> of the country\u2019s USD 8 bn extended fund facility program and combine it with its sixth review, arguing that \u201cmore time is needed\u201d to make progress on the state's withdrawal from the economy and the broader reform agenda.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Now nearly five months on, the country has made significant progress in curbing <\/strong><strong>inflation<\/strong>, down from a 16.8% headline figure when the Fund decided to delay to a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/24b51d16-6751-42b2-a4f5-242a7e004475\/inflation-in-egypt-accelerates-for-first-time-in-four-months\" style=\"\" rel=\"noopener\">more manageable 12.5%<\/a>. Another key priority of the IMF was seeing progress on foreign reserves, which <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/95c62e59-0a42-4f0c-b766-9c4cbbd3a782\/foreign-reserves-increase-to%253cmark%253e-usd%253c%2Fmark%253e%253cmark%253e-50%253c%2Fmark%253e.1%253cmark%253e-bn%253c%2Fmark%253e-in-october\" style=\"\" rel=\"noopener\">passed the USD 50 bn mark<\/a> in October, up from the USD 48.5 bn figure available when the Fund delayed the review back in July. Also working in our favor is GDP growth <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a1331416-f63e-4d9c-973b-6e8b3060ed24\/gdp-growth-accelerates-to-5.3%2525-in-1q-fy-2025-26\" style=\"\" rel=\"noopener\">hitting 5.3%<\/a> in the first quarter of the fiscal year, movement once again on the government\u2019s privatization push, and incoming FDI inflows from projects like Qatar\u2019s USD 29.7 bn Alam El Roum project, our sources told us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The 1Q FY 2025-26 growth figure is the latest indicator of the economic <\/strong><strong>reform program\u2019s success<\/strong>, our sources said. The figure was supported by ongoing economic and structural reforms, which have contributed to bolstering the real economy, crowding in private-sector activity, and steering the growth model toward tradable, high-productivity sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>The visiting delegation is expected to be busy meeting with officials until 12 December, which policymakers hope will lead to a staff-level agreement between the two sides ahead of the reviews and tranches being given the green light from the IMF Executive Board later down the line. The two reviews are expected to see<strong> USD 2.7 bn channeled into state coffers<\/strong>, in addition to the first tranche from the Resilience and Sustainability Facility, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/81f5a3c1-e386-43f1-b13c-8cdfa3089bab\/resilience-and-sustainability-facility-could-bump-up-total-disbursements-from-upcoming-imf-reviews-to-usd-2.7-bn\" style=\"\" rel=\"noopener\">which could add<\/a> a further USD 274 mn in climate financing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What the Fund will be looking for: <\/strong>Sources indicate that the IMF will be closely following the upcoming inflation report, which will be released during the mission\u2019s time in Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And there\u2019s more to look forward to<\/strong>, with the government in negotiations to convert Saudi and Kuwaiti deposits in the CBE into investments, strengthening foreign reserves. Kuwait plans to partly Fund a planned USD 3 bn investment package by <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/69f2f532-59a2-427d-a238-725f41d672df\/%2525d8%2525a7%2525d9%252584%2525d9%252583%2525d9%252588%2525d9%25258a%2525d8%2525aa-%2525d8%2525aa%2525d8%2525aa%2525d9%252581%2525d9%252582-%2525d8%2525b9%2525d9%252584%2525d9%252589-%2525d8%2525a3%2525d9%252588%2525d9%252584-%2525d8%2525b4%2525d8%2525b1%2525d9%25258a%2525d8%2525ad%2525d8%2525a9-%2525d9%252585%2525d9%252586-%2525d8%2525ad%2525d8%2525b2%2525d9%252585%2525d8%2525a9-%2525d8%2525a7%2525d8%2525b3%2525d8%2525aa%2525d8%2525ab%2525d9%252585%2525d8%2525a7%2525d8%2525b1%2525d8%2525a7%2525d8%2525aa-%2525d8%2525a8%2525d9%252580-3-%2525d9%252585%2525d9%252584%2525d9%25258a%2525d8%2525a7%2525d8%2525b1%2525d8%2525a7%2525d8%2525aa-%2525d8%2525af%2525d9%252588%2525d9%252584%2525d8%2525a7%2525d8%2525b1-%2525d8%2525ae%2525d9%252584%2525d8%2525a7%2525d9%252584-%2525d8%2525a3%2525d8%2525b3%2525d8%2525a7%2525d8%2525a8%2525d9%25258a%2525d8%2525b9\" style=\"\" rel=\"noopener\">converting deposits<\/a> it holds in Egypt\u2019s central bank, while the Saudi side <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01ae0960-a89d-4d66-abcb-50b6e05796af\/saudi-deposits-could-be-converted-into-new-investments-in-real-estate-among-other-sectors\" style=\"\" rel=\"noopener\">plans to convert<\/a> some of its USD 10.3 bn in outstanding deposits into new investments in real estate and other sectors. Our sources expect to see progress from the Kuwaiti side on the matter in 1Q 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Discussions will also cover the public debt strategy prior to its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a07b9e8f-69fa-4884-9208-32dbf41e907d\/%25D9%2585%25D8%25B5%25D8%25B1-%25D8%25AA%25D8%25B9%25D8%25AA%25D8%25B2%25D9%2585-%25D8%25A7%25D9%2584%25D9%2583%25D8%25B4%25D9%2581-%25D8%25B9%25D9%2586-%25D8%25A7%25D8%25B3%25D8%25AA%25D8%25B1%25D8%25A7%25D8%25AA%25D9%258A%25D8%25AC%25D9%258A%25D8%25A9-%25D8%25AC%25D8%25AF%25D9%258A%25D8%25AF%25D8%25A9-%25D9%2584%25D9%2584%25D8%25AF%25D9%258A%25D9%2586-%25D8%25A7%25D9%2584%25D8%25B9%25D8%25A7%25D9%2585-%25D9%2581%25D9%258A-%25D8%25AF%25D9%258A%25D8%25B3%25D9%2585%25D8%25A8%25D8%25B1\" style=\"\" rel=\"noopener\">late-December<\/a><\/strong> <strong> launch<\/strong>, the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/51642068-d7d1-41ba-b60a-73a34323c0b1\/al-mashat-breaks-down-the%253cmark%253e-national-narrative%253c%2Fmark%253e-for-economic-development\" style=\"\" rel=\"noopener\">National Narrative for Economic Development<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/527270fb-e666-4622-a4c7-74412b6910b4\/the-second-package-of-tax-facilities-is-now-under-community-review\" style=\"\" rel=\"noopener\">the second package of tax facilities<\/a>, sources confirmed. <\/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\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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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=\"676487\">\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\">Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/01\/exported-services-to-be-treated-as-vat-zero-rated-under-new-rules-clarification\/\">\r\n                            Exported services to be treated as VAT zero-rated under new rules clarification                        <\/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 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data-image-title=\"1565.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1565.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1565.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-676487\" class=\"content-area-description single-story post-676487 post type-post status-publish format-standard has-post-thumbnail hentry category-trade tag-enterpriseam tag-tax tag-trade tag-vat-act 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\/12\/.a80aea9c-d229-4f4a-8b27-5a7ba7587cbf.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Finance Ministry finalized a new implementation mechanism to <\/strong><strong>exempt exported services from the 14% value-added tax<\/strong>, resolving a years-long confusion that has denied many companies the benefit of either an export tax break or the ability to claim input VAT refunds. Sources familiar with the directive told EnterpriseAM the move is expected to give a significant boost to Egyptian export revenues by opening the door for a broader range of firms \u2014 including tech services and web design providers \u2014 to better compete globally.<\/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 move is more of a clarification than the announcement of an entirely new initiative<\/strong>, as the VAT Act has technically treated exported services as zero-rated since it came into force in 2016. However, the lack of clear implementation rules created years of contradictory interpretations by tax officials, leaving many service exporters unable to claim input VAT refunds or apply the zero rate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Three government sources told EnterpriseAM <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e5f2dcdd-5c07-4ea9-b232-d31eaac41d18\/finmin-to-apply-a-zero-vat-rate-on-select-exported-services\" style=\"\" rel=\"noopener\">earlier this year<\/a> that the Finance Ministry is currently working on a draft decision that would see the application of a zero VAT rate on exported services, provided that the service recipient is outside the country and the service provider is local.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Tax Authority last month issued executive instructions laying out how service <\/strong><strong>providers can<\/strong><strong> apply the zero-rate VAT. <\/strong>The decision states that service exports provided by a registered local supplier to a recipient based outside Egypt will be zero-rated and eligible for input VAT recovery \u2014 even if the service provider is a non-resident, so long as the service is performed from within Egypt. The move comes in line with Finance Ministry instructions and aims to unify tax treatment across all local tax offices, according to Tax Authority head Rasha Abdel Aal\u2019s remarks to reporters.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Under the rules, service exports must be provided remotely <\/strong>\u2014 without a physical presence for either the supplier or the customer. This means the zero-rate VAT can be applied when a registered Egyptian firm delivers a service to a non-resident client abroad \u2014 even under reverse-charge arrangements or local tax regimes in the buyer\u2019s country. In all cases, the service must originate in Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the rule won\u2019t apply to local branches of foreign companies<\/strong>, with these services to be treated as local and will be taxed at the standard 14% VAT rate. The decision treats these as domestic transactions given the recipient\u2019s permanent presence in Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>After-sales services such as maintenance and spare parts supply are also excluded from <\/strong><strong>the zero-rate treatment<\/strong>, as they require a physical presence or handling of physical goods \u2014 which runs counter to the remote provision rule.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Services related to immovable property \u2014 such as real estate \u2014 will not qualify for the <\/strong><strong>zero-rate treatment<\/strong>, even if the client is located abroad. The decision cites the domestic nature of the serviced asset.<\/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\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vat-act\/\">VAT Act<\/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=\"676489\" 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=\"676489\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">Coffee With<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/01\/ci-capitals-amr-helal-on-why-egypt-is-near-a-market-revival-but-incentives-must-reward-real-listings\/\">\r\n                            CI Capital's Amr Helal on why Egypt is near a market revival, but incentives must reward real listings                        <\/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 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src=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/6.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"676490\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/01\/ci-capitals-amr-helal-on-why-egypt-is-near-a-market-revival-but-incentives-must-reward-real-listings\/6-jpg-31\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/6.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"6.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/6.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/6.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-676489\" class=\"content-area-description single-story post-676489 post type-post status-publish format-standard has-post-thumbnail hentry category-agreements-and-mous-totalling-eur-67-7-bn-inked-at-egypt-eu-investment-conference tag-capital-markets tag-ci-capital tag-coffee-with tag-enterpriseam tag-financial-markets 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\/12\/.50dd87d7-5259-4109-a897-4b8a440c0b90.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Coffee with: CI Capital's CEO of the sell-side investment bank, Amr Helal: <\/strong>EnterpriseAM sat down with CI Capital's CEO of the sell-side investment bank, Amr Helal (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/amr-helal-4158047\/?originalSubdomain=eg\" style=\"\" rel=\"noopener\">LinkedIn<\/a>), for a follow-up interview after his panel at the EnterpriseAM Egypt Forum to discuss what it will take to revive Egypt\u2019s capital markets, from tax reform and IPO readiness to liquidity, foreign participation, and long-term depth.<\/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>After years of subdued listings and thin institutional participation, Egypt\u2019s capital <\/strong><strong>markets may finally be on the cusp of a structural revival<\/strong> \u2014 one that combines fiscal discipline, tax reform, and renewed private-sector engagement. But getting there will require a delicate balance between encouraging listings and preserving fiscal integrity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Helal believes the finance minister\u2019s latest push to incentivize listings could be the <\/strong><strong>catalyst Egypt\u2019s equity market needs.<\/strong> But he cautions that the design of those incentives will determine whether the coming IPO wave will be sustainable \u2014 or merely a replay of the 1990s. \u201cIn the early days of the capital market, when the government wanted to encourage listings, it gave a lot of incentives \u2014 primarily tax incentives,\u201d Helal recalled.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cWhat everyone figured out over time was that a lot of those companies listed just to get <\/strong><strong>the tax break, not really for liquidity or to be actively traded<\/strong>,\u201d he explained. The outcome, he said, was predictable: the government gradually withdrew many of those benefits. This time, Helal expects a more balanced approach that rewards genuine participation rather than opportunistic listings.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The cornerstone of any new listing drive, Helal argued, must be tax clarity.<\/strong> He suggested that transactions which don\u2019t generate cash-based returns \u2014 such as share swaps or corporate restructurings in preparation for an IPO \u2014 should not trigger immediate tax liabilities. \u201cIf a transaction is done on a non-cash basis, there should be no taxes, or at the very least, the taxes should be deferred or eliminated under certain criteria,\u201d he said. Taxing \u201cdry transactions,\u201d he added, discourages companies from restructuring into IPO-ready entities. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> A senior government official has recently told us that policymakers are working on <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d5661e95-fcab-4f20-aae4-6abd969cec0b\/gov'\" style=\"\" rel=\"noopener\">an<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d5661e95-fcab-4f20-aae4-6abd969cec0b\/gov'\" style=\"\" rel=\"noopener\">incentives package<\/a> that will scrap the previously planned capital gains taxes, replace them with a unified 0.125% stamp duty for all investors, and include incentives for unlisted shares. The source also said that gains from new listings will be tax-exempt<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Helal also called for consolidated tax treatment for holding companies<\/strong>, saying Egypt\u2019s corporate landscape still suffers from \u201ctax leakages\u201d across subsidiaries. Eliminating multiple layers of dividend taxation would make restructuring more efficient, particularly for family-owned groups converting limited liability firms into joint-stock companies ahead of an IPO.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Even with incentives, Helal acknowledged that not all companies are structurally <\/strong><strong>prepared for the public markets.<\/strong> Beyond regulation and tax policy, the readiness of balance sheets and corporate governance frameworks remains uneven across sectors. \u201cWhat we need,\u201d he said, \u201cis the right sector, right company, right size, and right valuation.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>These \u201cfour Rs,\u201d as he calls them, form the checklist for attracting foreign capital back to <\/strong><strong>the EGX. <\/strong>He cited healthcare, industrials, services, financials, and fintech as sectors with the most promising candidates. Egypt\u2019s manufacturing base \u2014 \u201cgoing on for over 100 years,\u201d he noted \u2014 provides a foundation for strong industrial stories, while household names in healthcare and consumer services could generate meaningful investor interest.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still, consolidation may be necessary to bring some players to IPO scale. <\/strong>While family businesses typically favor organic growth, Helal said the presence of private equity investors often shifts that mindset toward mergers and acquisitions \u2014 a dynamic that could accelerate listings in coming years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The recent monetary pivot is also a major factor. <\/strong>Egypt\u2019s record-high interest rates \u2014 at times near 30% \u2014 had frozen long-term investment, with both corporates and investors opting for short-term, low-risk instruments. \u201cWould I borrow at 30% to fund long-term capex? Probably not,\u201d Helal said. Similarly, when investors can earn over 20% riskfree, \u201cwhy should you take the risk of investing in public equities?\u201d Now, with inflation easing and rates trending downward, the calculus is shifting. \u201cWith interest rates coming down, it becomes more conducive for companies to start investing for the long term,\u201d he said. \u201cInvestors will start gravitating toward riskier investments that have the potential to make higher returns.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite recent market activity, Helal remains concerned about the composition of <\/strong><strong>liquidity on the EGX.<\/strong> \u201c75-85% of daily trading is done by retail investors,\u201d he said. \u201cThere is liquidity, but there is no depth.\u201d Retail investors, he explained, tend to be news-driven and short-term oriented, focused on trading rather than long-term value. Foreign participation, meanwhile, fell below 10%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cFor a well-functioning market \u2026 you need retail investors for liquidity and turnover, but <\/strong><strong>you also need medium- and long-term investors \u2014 asset managers, ins. companies, pension funds<\/strong>,\u201d Helal said. Rebuilding that balance and regaining the confidence of foreign institutions will be critical as Egypt prepares to bring more sizable IPOs to market. The benchmark, Helal said, should be offerings of at least USD 200 mn, large enough to attract global institutions and signal depth to investors abroad.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>To address the structural gaps in liquidity, the EGX and the Financial Regulatory <\/strong><strong>Authority are preparing to introduce derivatives and short-selling<\/strong> \u2014 a move Helal believes could materially expand the market\u2019s toolkit. \u201cThe more financial products you have, the more depth and liquidity you get,\u201d he said. Derivatives, in particular, will allow investors to hedge risks and express market views without direct exposure to underlying equities. While the products will mainly target institutional investors, Helal noted that retail investors would benefit indirectly through new fund structures and hedged products managed by asset managers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>At the macro level, Helal sees Egypt\u2019s appeal to foreign investors rooted in three <\/strong><strong>interconnected stories <\/strong>\u2014 the consumer base, import substitution, and export competitiveness. \u201cEgypt has 100+ mn consumers,\u201d he said. With inflation easing and disposable incomes expected to recover, domestic demand could become a key growth engine. That\u2019s complemented by improving cost competitiveness, which supports import substitution and export-led growth. \u201cThe export play,\u201d Helal said, \u201cis driven by competitive cost structures, geographic advantage, and existing trade agreements with Europe, the US, and Africa.\u201d Industries with natural FX earnings \u2014 such as logistics, ports, and tourism \u2014 will continue to act as hedges against currency volatility.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Many foreign investors still view the IMF program as the linchpin of Egypt\u2019s reform <\/strong><strong>credibility. <\/strong>Helal, however, argued that the current phase of fiscal and structural reform is domestically owned. \u201cAs the government has said, it\u2019s a locally designed program with the support of the IMF,\u201d he noted. The ongoing fiscal consolidation, removal of subsidies, and widening of social safety nets are, he said, signs of a \u201cvery positive\u201d policy direction that should outlast the current agreement. While investor memories of past currency management are \u201cstill fresh,\u201d recent exchange-rate movements suggest a genuinely floated currency, Helal said. \u201cWe\u2019ve seen the EGP strengthen and weaken against the USD based on flows,\u201d he added. \u201cThat gives you an indication this is not managed as such.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the government\u2019s privatization pipeline, Helal expects multiple state-backed listings <\/strong><strong>before June 2026.<\/strong> Recent talk of specific companies going first, he said, should not be seen as exclusive \u2014 several assets are being prepared for market in parallel. The challenge, as always, lies in valuation and valuation expectations. Helal described the valuation process as \u201cpart science, part art,\u201d guided by independent financial advisor assessments, but ultimately determined by investor sentiment and comparative metrics.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For successful offerings, he urges to \u201cleave a little bit of money on the table.\u201d<\/strong> Pricing IPOs with upside potential, he said, builds confidence and supports long-term market health. \u201cLet people make money and make returns,\u201d he said. \u201cBe long-term greedy rather than trying to maximize gains on day one.\u201d Institutional investors, he added, will benchmark new Egyptian listings against both local and regional peers, adjusting for growth, market dynamics, and earnings multiples. \u201cYou cannot just take what\u2019s trading in another market and apply it,\u201d he said. \u201cYou need to adjust for that.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As for CI Capital, Helal said the firm has \u201ca full and growing pipeline\u201d of IPO mandates <\/strong><strong>expected to come to market over the next 12 months. <\/strong>He expects 2026 to mark a clear shift in Egypt\u2019s capital markets. \u201cWe think 2026 will be a good year,\u201d he said. \u201cWe need to move beyond the carry trade and back to equities.\u201d<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ci-capital\/\">CI Capital<\/a>\n                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data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/111.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/111.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-676492\" class=\"content-area-description single-story post-676492 post type-post status-publish format-standard has-post-thumbnail hentry category-labor tag-enterpriseam tag-insurance tag-labor tag-national-organization-for-social-insurance 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\/12\/.01a1afee-590e-42b3-bbed-65b88d2121af.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong> NOSI raises insurable wage limits: <\/strong>The National Organization for Social Ins. (NOSI) will raise the minimum insurable wage limit to EGP 2.7k and the maximum to EGP 16.7k starting January 2026, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02XKC731tJZCmseqKbrJH2skXxTeTne4Y3ntiUiYcL4LisNoPNLv2Y81cp9gJ5GTkgl\" style=\"\" rel=\"noopener\">statement<\/a> from the organization.<\/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>By the numbers: <\/strong>The minimum insurable wage will increase from EGP 2.3k to EGP 2.7k, while the maximum will rise from EGP 14.5k to EGP 16.7k. As a result, the minimum pension for retirees will go up to EGP 1.8k from EGP 1.5k, and the maximum pension will reach EGP 13.4k from EGP 11.6k.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Private sector employees will see a minimum 3% increase in their insurable wage if they <\/strong><strong>have been in their jobs for at least one year<\/strong>, with adjustments for those earning below the new threshold, according to a document seen by EnterpriseAM. Companies facing financial constraints can apply to the National Wages Council for exemptions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Employers and Egyptians abroad will also benefit:<\/strong> The decision also raises the monthly insurable income range for business owners and Egyptians working abroad to between EGP 3k and EGP 16.7k. <\/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\/insurance\/\">insurance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/labor\/\">labor<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-organization-for-social-insurance\/\">National Organization for Social Insurance<\/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=\"676494 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=\"676494\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/01\/676494\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-676494\" class=\"content-area-description single-story post-676494 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\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=\"676495\" 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=\"676495\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/01\/coldwell-sakr-launch-fractional-real-estate-ownership-platform\/\">\r\n                            Coldwell, Sakr launch fractional real estate ownership platform                        <\/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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class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/900.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"676496\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/01\/coldwell-sakr-launch-fractional-real-estate-ownership-platform\/900-jpg-14\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/900.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"900.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/900.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/900.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-676495\" class=\"content-area-description single-story post-676495 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-capital-markets tag-enterpriseam tag-logistics tag-real-estate wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408146\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408144.svg\" alt=\"\" class=\"wp-image-408144\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/12\/.f174902f-ddd1-434e-abba-26ed3402a9e2.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">CAPITAL MARKETS-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Another fractional real estate ownership platform: <\/strong>Coldwell Banker Egypt has entered a strategic partnership with Sakr Investment Management to promote and operate Farida, a licensed digital platform for fractional real estate ownership, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/11\/2213.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. The platform \u2014 authorized by the Financial Regulatory Authority under Sakr\u2019s Real Estate Investment Fund license \u2014 allows investors to buy shares in residential, commercial, administrative, and medical properties, offering a lower-cost entry into Egypt\u2019s property market.<\/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>REMEMBER- <\/strong>The FRA has recently rolled out <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9553fd21-7014-43f4-8a57-99bca96274cb\/fra-unveils-regulatory-framework-for-fractional-real-estate-investment\" style=\"\" rel=\"noopener\">a new framework for fractional real estate<\/a> investment, allowing investors to buy and trade units in real estate funds under tighter governance and disclosure rules. The move aims to expand access to property-backed investment vehicles and deepen liquidity in the domestic non-bank financial markets.<\/p><p class=\"tag-border-left\">LOGISTICS-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Damietta Container and Cargo Handling Company partnered with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.g-3a.com\/\" style=\"\" rel=\"noopener\">G3A<\/a><\/strong><strong> to activate a system for transporting containers to and from the Damietta Container Terminal<\/strong> <strong>via train<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/Damietta.Container.Handling.Company\/posts\/pfbid035YYNW5gbTUKp1Lh5ABXwx1b9FMS4q5zLS5SBhx8ZimQ7MvyCwDm2uN3jecxKWvb7l\" style=\"\" rel=\"noopener\">statement<\/a>. The partnership also aims to integrate transport and customs clearance services to boost operational efficiency and reduce train wait times within the port.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt is pushing rail in a big way: <\/strong>Egypt is gearing up for <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/fe5da67a-694d-46d9-9167-ab1b97bcf5a3\/wider-adoption-of-fixed-schedule-rail-services-could-help-egypt-achieve-its-rail-freight-targets\" style=\"\" rel=\"noopener\">a wider adoption<\/a> of rail freight, with G3A \u2014 founded in 2023 after a merger involving Gharably Integrated Engineering Company and 3A International \u2014 among those leading the charge. G3A launched Egypt\u2019s first fixed-schedule rail freight service last summer, featuring two weekly trips with a total capacity of 200 TEUs.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"676497\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"676497\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/01\/institutional-investors-are-doubling-down-on-gold-and-central-banks-are-keeping-the-rally-alive\/\">\r\n                            Gold bulls see more upside as central bank buying hits new records                        <\/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\/12\/01\/institutional-investors-are-doubling-down-on-gold-and-central-banks-are-keeping-the-rally-alive\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/01\/institutional-investors-are-doubling-down-on-gold-and-central-banks-are-keeping-the-rally-alive\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/2.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"676498\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/01\/institutional-investors-are-doubling-down-on-gold-and-central-banks-are-keeping-the-rally-alive\/2-jpg-39\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/2.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/2.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/2.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-676497\" class=\"content-area-description single-story post-676497 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam tag-financial-markets tag-gold tag-goldman-sachs 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\/12\/.b278a44f-178d-46d4-80df-525f3fb42418.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Gold is back in the spotlight as institutional investors turn increasingly <\/strong><strong>bullish on the precious metal, driven by a rare alignment of macro forces <\/strong>\u2014 Fed rate-cut expectations, record central-bank accumulation, and deepening uncertainty across risk assets, according to a new Goldman Sachs poll conducted on its Marquee platform. Nearly 70% of respondents in the poll \u2014 which surveyed more than 900 institutional clients \u2014 expect gold prices to rise further by the end of 2026, with 36% betting on prices above USD 5k per ounce next year.<\/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>Respondents identified central-bank purchases and fiscal concerns as the two biggest <\/strong><strong>drivers of gold\u2019s 2026 outlook.<\/strong> The most common view: official-sector buying will keep gold supported even if US growth slows. In parallel, Goldman\u2019s co-head of global commodities research, Daan Struyven, told Bloomberg TV last week that the bank sees \u201cnearly 20% additional upside by the end of 2026,\u201d forecasting USD 4.9k per ounce by next year (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=fm7X4E_0Rew\" style=\"\" rel=\"noopener\">watch, runtime: 2:10<\/a>). The key drivers, he said, are \u201cstructurally higher central bank purchases\u201d since 2022 and renewed \u201cinflows into gold ETFs once the Fed begins cutting rates.\u201d<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That doesn't seem to be just a speculative trade, as the surge in the precious metal <\/strong><strong>prices is being underpinned by record official sector demand. <\/strong>The World Gold Council\u2019s (WGC) <a target=\"_blank\" href=\"https:\/\/www.gold.org\/goldhub\/research\/central-bank-gold-reserves-survey-2025?utm_source=chatgpt.com\" style=\"\" rel=\"noopener\">Central Bank Gold Reserves Survey 2025<\/a> shows the biggest official-sector buying spree in more than 70 years. Central banks bought 1.1k tons of gold in 2022 \u2014 the most since the WGC began tracking reserves in 1950 \u2014 and stayed above 1k tons in 2023. The momentum has continued, with around 450-500 tons of central lenders\u2019 gold purchases in the first half of 2024 alone.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The shift is structural, not cyclical. <\/strong>Some 81% of central banks now expect global gold reserves to rise further, while nearly one-third expect the USD\u2019s reserve share to decline. The motivations are consistent \u2014 store-of-value appeal, crisis resilience, and de-dollarization \u2014 with China, India, Turkey, Singapore, and Poland among the most active buyers.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rate-cut expectations are adding fuel to the rally<\/strong>, with traders now seeing an 86.4% chance of a Fed cut in December, according to <a target=\"_blank\" href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" style=\"\" rel=\"noopener\">CME Group's FedWatch tool<\/a>. That matters because lower US rates reduce the opportunity cost of holding gold \u2014 a non-yielding asset \u2014 and typically pull new buyers into ETFs.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Spot prices are already responding<\/strong>, with gold hitting a two-week high of USD 4.2k on Friday and is on track for a 3.6% weekly gain and a 5.2% rise this month. Futures also climbed, with the February contract settling at USD 4.2k per ounce.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>High prices have slowed physical buying in India and China<\/strong>, where demand is typically strongest heading into year-end. But analysts say macro drivers \u2014 rate expectations, central bank flows, geopolitical hedging \u2014 matter far more right now. As long as the Fed is moving toward an easing cycle and sovereign buyers stay active, institutional investors expect the gold rally to extend into next year.<\/p><p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets are mixed in early trading this morning <\/strong>\u2014 Japan\u2019s Nikkei and the Kospi are both down, while the Shanghai Composite and the Hang Seng are in the green. <\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">40,753<\/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\">+1.8% (YTD: +37.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 47.51<\/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 47.64<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CIB<\/strong><strong>) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 47.55<\/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 47.65<\/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-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,591<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.5% (YTD: -12.0%)<\/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>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\">9,747<\/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: +3.5%)<\/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>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\">5,837<\/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: +13.2%)<\/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>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\">6,849<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.5% (YTD: +16.5%)<\/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>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\">9,721<\/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: +18.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,668<\/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: +15.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 63.03<\/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\">+1.0%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 4.82<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 4,267<\/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%<\/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>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 88,564 <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-2.7% (YTD: -5.1%)<\/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\">972.47<\/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: +25.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P MENA Bond &amp; Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">152.33<\/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: +8.9%)<\/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>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">16.35<\/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\">-5.0% (YTD: -5.8%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div><p class=\"tag-border-left\">THE CLOSING BELL-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 rose 1.8% at yesterday\u2019s close<\/strong> on turnover of EGP 6.9 bn (38.5% above the 90-day average). Local investors were the sole net buyers. The index is up 37.0% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> Qalaa Holdings (+14.6%), TMG Holding (+6.2%), and ADIB (+5.8%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Misr Cement (-2.0%), Orascom Construction (-0.6%), and GB Corp (-0.5%).<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gold\/\">gold<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/goldman-sachs\/\">Goldman Sachs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull vertical-section wide-section blackboard wp-block-group issue-section\" id=\"676499\">\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\/27466.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into education in Egypt, from K-12 to post-secondary.                <\/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\/27480.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Monday 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\/blackboard\/\">\r\n                            Read Blackboard                        <\/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\">8<\/div>\r\n\r\n                        <p class=\"f-graphik\">BLACKBOARD<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/govt-plans-to-convert-1-6k-public-technical-schools-into-internationally-linked-institutions\/\">\r\n                            Egypt eyes turning 1.6k public technical schools into internationally linked institutions<\/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\/blackboards\/govt-plans-to-convert-1-6k-public-technical-schools-into-internationally-linked-institutions\/\" 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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Since the start of the year, the Education Ministry has inked a series of agreements aimed at enhancing technical education and tying it to labor market needs \u2014 while also creating a clearer role for the private sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government has a plan to convert 1.6k public technical schools into specialized, <\/strong><strong>internationally linked institutions<\/strong>, aligning with the country\u2019s new industrial and technology narrative. All schools will be open to private-sector participation \u2014 whether through management, operation, or technical partnerships that include hands-on training inside factories.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Italy looks set to play an important role in this push. <\/strong>The Education Ministry inked a partnership with the Italian government to create an Egyptian-Italian bridge for transforming local technical education into internationally accredited programs that meet global standards. The move will give students unique opportunities to develop their skills and earn international certificates that open doors to jobs both at home and abroad. The initiative is being rolled out with some of Italy\u2019s largest technical academies and institutes and will bring a qualitative shift to Egypt\u2019s technical and vocational training landscape. As part of the cooperation, 18 MoUs were signed to establish and operate 89 applied technology schools beginning academic year 2026-27 across various industrial and service sectors \u2014 all meeting top global quality standards.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move follows <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/269f800e-f14b-4ef5-bee2-770f23f15fa8\/egypt,-south-africa-eye-closer-economic-ties-as-madbouly-meets-business-leaders-in-johannesburg\" style=\"\" rel=\"noopener\">last week\u2019s announcement<\/a><\/strong><strong> by the Egyptian and South Korean <\/strong><strong>presidents<\/strong> that the two sides are studying a proposal to set up a Korea-branded science and technology university in Egypt, alongside exploring the opening of Korean schools. This also follows earlier steps to expand <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/646edc14-fa25-4d12-8889-eb04ac67dc63\/egypt-launches-the-first-of-100-german-public-schools\" style=\"\" rel=\"noopener\">German<\/a> and Spanish schools and deepen a range of international education partnerships.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s in the Egypt\u2013Italy package?<\/strong><\/p>\n<ul>\n<li>15 pharma and chemical industries schools;<\/li>\n<li>10 hospitality schools;<\/li>\n<li>6 schools specialized in electrical and mechanical fields studies;<\/li>\n<li>3 schools specialized in engineering industries (mechanics, electricity, welding) through cooperation between the Arab Organization for Industrialization and Italy\u2019s Engim San Paolo;<\/li>\n<li>10 schools specialized in iron and steel studies through cooperation between Ezz Steel Group and Italy\u2019s Danieli to train technicians for the Egyptian and global labor markets;<\/li>\n<li>5 water, irrigation, and desalination technology schools;<\/li>\n<li>10 schools specialized in agriculture and food-processing studies through cooperation between the Agriculture Ministry and Italy\u2019s ITS Agro Academy;<\/li>\n<li>26 schools specialized in modern agriculture and irrigation technologies;<\/li>\n<li>One sustainable transport and logistics school through cooperation between the Elsewedy Technical Academy and Italy\u2019s G. Caboto Institute;<\/li>\n<li>One school specialized in textile and spinning studies;<\/li>\n<li>One school specialized in metals-industry studies, particularly aluminum production and line maintenance;<\/li>\n<li>And a fashion and ready-made garments school through cooperation between Elsewedy Technical Academy and Italy\u2019s ITS Meta Academy.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Starting next academic year, Egypt will start applying the Italian technical and vocational <\/strong><strong>training model known as 4+2 <\/strong>\u2014 four years of technical schooling followed by two years of structured vocational training, a source told EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign partnerships in technical education will accelerate knowledge transfer and <\/strong><strong>curriculum modernization<\/strong>, our source told us. Under the new framework, teachers and students will be sent to Italy to learn the language and train on advanced curricula before the new schools open their doors \u2014 especially given the limited availability of Italian-language training centers in Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The source added that the government is counting on private-sector partners to expand <\/strong><strong>their role<\/strong> across Egypt\u2019s 1.1k technical and vocational schools \u2014 including Japanese schools, applied technology schools, and the Italian and German models \u2014 to move beyond traditional technical education and create a direct bridge between schools and employers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government\u2019s push to involve private players in providing training and jobs will help <\/strong><strong>bridge the gap between skilled labor demand and supply in the job market<\/strong>, Dabur Egypt General Manager Moheb Kaiser told EnterpriseAM. Dabur Egypt recently signed a partnership to train students from Electro Misr School for Applied Technology inside the company\u2019s factory as part of initiatives to upgrade technical education.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The push will also open up job offers overseas for graduating students while also <\/strong><strong>securing labor needs here at home<\/strong>, the owner of maritime services company Nautix, Magdi Ghali, told EnterpriseAM. Nautix is coordinating with the Industry Ministry to open a specialized school for ship mechanics training in partnership with major German manufacturers, which will give students a certificate accredited by those companies alongside their Egyptian qualification.<\/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\/blackboard\/\">Blackboard<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education-ministry\/\">Education Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"676501\" 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\/12\/01\/676501\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-676501\" class=\"content-area-description single-story post-676501 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;\">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 style=\"font-weight:400;\">, 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 style=\"font-weight:400;\">1-12 December (Monday-Friday): IMF mission for extended fund facility program reviews.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3 December (Wednesday): S&P Global to release PMI figures for November. <\/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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>6 December (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.blueoceanconferences.com\/international-procurement-supply-chain-conference-ipsc-egypt-2025\/?li_fat_id=7bdb97f7-a09e-4c00-9bfd-7a169a84e1e0\" style=\"\">International Procurement Supply Chain Conference<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10 December (Wednesday): Capmas to release inflation data for November.<\/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;\">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;\">JANUARY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1 January (Thursday): European Union\u2019s Carbon Border Adjustment Mechanism (CBAM) to fully come into effect.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">7 January (Wednesday): Coptic Christmas. <\/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;\">25 January (Sunday): Revolution Day \/ Police Day. <\/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;\">FEBRUARY<\/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;\">19 February (Thursday): First day of Ramadan (TBC).<\/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;\">MARCH<\/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 (Sunday): 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;\">21 March: (Saturday): Eid El Fitr starts (TBC).<\/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 (Monday-Wednesday): 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:700;\">APRIL<\/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;\">12 April (Sunday): Coptic Easter. <\/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;\">25 April (Saturday): Sinai Liberation Day.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1 May (Friday): Labor Day. <\/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 May (Wednesday-Friday): Eid El Adha (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE: <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">30 June (Tuesday): National holiday in observance of June 30 Revolution (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JULY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">23 July (Thursday): National holiday in observance of Revolution Day (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">AUGUST<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26 August (Wednesday): National holiday in observance of Prophet Muhammad\u2019s birthday (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">15 September (Tuesday): 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>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:700;\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">6 October (Tuesday): Armed Forces Day. <\/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: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;\">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;\">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\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>Coffee with CI Capital's Amr Helal | Raising the minimum insurable wage | Gold rush.<\/p>\n","protected":false},"featured_media":676480,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-676479","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"17b14193-18dd-454d-aa0f-8b296e839086","teaser":"Coffee with CI Capital's Amr Helal | Raising the minimum insurable wage | Gold rush.","photo_url":"https:\/\/ent.news\/2025\/12\/9.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>IMF mission lands in Cairo today - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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