{"id":682079,"date":"2026-01-04T00:00:00","date_gmt":"2026-01-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=682079"},"modified":"2026-01-20T12:35:16","modified_gmt":"2026-01-20T12:35:16","slug":"govt-after-high-impact-investment-to-build-reserves-buffer","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/govt-after-high-impact-investment-to-build-reserves-buffer\/","title":{"rendered":"Gov\u2019t after high-impact investment to build reserves buffer"},"content":{"rendered":"<section id=\"682081\" 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=\"682081\">\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\/2026\/01\/04\/property-tax-law-amendments-are-on-the-horizon\/\">\r\n                            Amendments to Egypt\u2019s Property Tax Law are on the horizon                        <\/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\/2026\/01\/04\/property-tax-law-amendments-are-on-the-horizon\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The new year is off to a macro-heavy start here at EnterpriseAM. We lead this morning with a report on how the Madbouly government hopes to use its divestment program to line up high-impact investment that will build both FX reserves and a more resilient economy. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re also looking at what to watch for on the EGP and in the banking sector in 2026. <\/strong>And in the latest sign that fractional ownership could be the next big thing in real estate, we have news that our friends at GRANITE are kicking the tires on a real estate fund \u2014 potentially joining a roster of names that includes Bonyan, Madine Masr, and Halan. <\/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>TAX \u2014 <\/strong><strong>The <\/strong><strong>Senate will <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MENAArabic\/posts\/%D8%A7%D9%84%D8%A3%D8%AD%D8%AF-%D8%A7%D9%84%D8%B4%D9%8A%D9%88%D8%AE-%D9%8A%D8%B3%D8%AA%D8%A3%D9%86%D9%81-%D8%AC%D9%84%D8%B3%D8%A7%D8%AA%D9%87-%D8%A8%D9%85%D9%86%D8%A7%D9%82%D8%B4%D8%A9-%D8%AA%D8%B9%D8%AF%D9%8A%D9%84%D8%A7%D8%AA-%D8%B9%D9%84%D9%89-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D8%B6%D8%B1%D9%8A%D8%A8%D8%A9-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%A8%D9%86%D9%8A\/874576685191960\/\" style=\"\" rel=\"noopener\">start today two days of debate<\/a><\/strong> <strong> on a 10-point overhaul of the <\/strong><strong>Property Tax Law<\/strong>, aimed at digitizing collection and addressing long-standing complaints over valuation and penalties. The proposed amendments include the launch of a unified digital declaration system and a new cap on late payment penalties to bring more properties into the formal tax base.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>To account for soaring inflation, the Finance Ministry is suggesting that the annual rental value exemption threshold rise to EGP 50k<\/strong>, effectively shielding primary residences with a market value of up to EGP 4 mn.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A push by the Senate: <\/strong>Some in the Senate, the nation\u2019s upper house of parliament, are reportedly advocating to double that threshold to EGP 100k (equivalent to an EGP 8 mn market value), a source tells EnterpriseAM, reflecting real market conditions.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next:<\/strong> The ministry is expected to conduct a \u201crevenue impact assessment\u201d of the Senate's EGP 8 mn proposal this week. Watch for whether they land on a tiered exemption or a hard cap that prioritizes the EGP 29 bn property tax collection target for next fiscal year, up from EGP 18 bn in the current budget.<\/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>CUSTOMS \u2014 The Finance Ministry has given importers a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02KXZ65iqAYZXFm4WPeQEaAx618qguKr59FeiPwhUMAgms3R2LrJty8JzPcEECESWkl?rdid=lGrRKhagI4uYvfBJ#\" style=\"\" rel=\"noopener\">temporary six-month break<\/a><\/strong> <strong> on the fee charged to verify documents on incoming air shipments under the<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/89bc9796-91eb-408e-90f2-6312d399613a\/%2525d8%2525a7%2525d9%252584%2525d8%2525ad%2525d9%252583%2525d9%252588%2525d9%252585%2525d8%2525a9-%2525d8%2525aa%2525d8%2525a8%2525d8%2525af%2525d8%2525a3-%2525d8%2525aa%2525d8%2525b7%2525d8%2525a8%2525d9%25258a%2525d9%252582%25253cmark%25253e-%2525d9%252586%2525d8%2525b8%2525d8%2525a7%2525d9%252585%25253c%252Fmark%25253e-%2525d8%2525a7%2525d9%252584%2525d9%252586%2525d8%2525a7%2525d9%252581%2525d8%2525b0%2525d8%2525a9-%2525d8%2525b9%2525d9%252584%2525d9%252589-%2525d8%2525a7%2525d9%252584%2525d8%2525b4%2525d8%2525ad%2525d9%252586-%2525d8%2525a7%2525d9%252584%2525d8%2525ac%2525d9%252588%2525d9%25258a-%2525d8%2525a3%2525d9%252588%2525d8%2525a7%2525d8%2525a6%2525d9%252584-2026\" style=\"\" rel=\"noopener\">Advance Cargo Information<\/a><\/strong><strong> (<\/strong><strong>ACI) system. <\/strong>The move comes as ACI registration became mandatory for all airborne shipments starting 1 January. The move will see the verification cost decline to <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02KXZ65iqAYZXFm4WPeQEaAx618qguKr59FeiPwhUMAgms3R2LrJty8JzPcEECESWkl?rdid=lGrRKhagI4uYvfBJ#\" style=\"\" rel=\"noopener\">USD 95 from USD 175<\/a>, per a cabinet statement.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why does it matter? <\/strong>It\u2019s a carrot-and-stick approach to ensure 100% compliance by mid-2026. ACI regulations require documents on each cargo to be uploaded before shipment \u2014 just like the API (or Advance Passenger Information) flag when you register to fly as a passenger. Failure to provide ACI data can result in goods being barred from entry and see them re-exported at the importer's expense. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>Egypt began applying ACI on sea freight in 2021 as it accounts for a vast majority of Egypt\u2019s trade traffic, head of the Egyptian Customs Authority Ahmad Amawi told EnterpriseAM in an interview <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5805d192-652a-4c11-ae37-5201d4970004\/%2525d8%2525b1%2525d8%2525a6%2525d9%25258a%2525d8%2525b3-%2525d9%252585%2525d8%2525b5%2525d9%252584%2525d8%2525ad%2525d8%2525a9-%2525d8%2525a7%2525d9%252584%2525d8%2525ac%2525d9%252585%2525d8%2525a7%2525d8%2525b1%2525d9%252583-%2525d9%252584%2525d8%2525a5%2525d9%252586%2525d8%2525aa%2525d8%2525b1%2525d8%2525a8%2525d8%2525b1%2525d8%2525a7%2525d9%25258a%2525d8%2525b2:-%2525d8%2525ad%2525d9%252588%2525d8%2525a7%2525d8%2525b1-%2525d8%2525b4%2525d8%2525a7%2525d9%252585%2525d9%252584-%2525d8%2525ad%2525d9%252588%2525d9%252584-%2525d8%2525a5%2525d8%2525b5%2525d9%252584%2525d8%2525a7%2525d8%2525ad%2525d8%2525a7%2525d8%2525aa-%2525d8%2525a7%2525d9%252584%2525d8%2525ac%2525d9%252585%2525d8%2525a7%2525d8%2525b1%2525d9%252583-%2525d9%252588%2525d8%2525ad%2525d8%2525b1%2525d9%252583%2525d8%2525a9-%2525d8%2525a7%2525d9%252584%2525d8%2525aa%2525d8%2525ac%2525d8%2525a7%2525d8%2525b1%2525d8%2525a9---%2525d8%2525a7%2525d9%252584%2525d8%2525ac%2525d8%2525b2%2525d8%2525a1-%2525d8%2525a7%2525d9%252584%2525d8%2525a3%2525d9%252588%2525d9%252584\" style=\"\" rel=\"noopener\">last month<\/a>.<\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>FINANCE \u2014 After cementing their position in the GCC, what\u2019s next for our friends at <\/strong><strong>EFG Hermes? <\/strong>While Iraq is on the firm\u2019s radar, the next geographic frontier for the firm could be Morocco, where it is exploring non-banking financial services opportunities, Group CEO Karim Awad said during an interview with the Hapi Podcast (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=WWX8ZYlQuPM\" style=\"\" rel=\"noopener\">watch, runtime: 1:07:40<\/a>).<\/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>The Secretariat of the House of Representatives is officially open for business in the<\/strong><strong> New <\/strong><strong>Capital <\/strong><strong>as it prepares to seat the incoming class of parliamentarians<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/61573816331469\/posts\/%D8%A7%D9%84%D8%A3%D9%85%D8%A7%D9%86%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85%D8%A9-%D9%84%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D8%AA%D8%A8%D8%AF%D8%A3-%D9%81%D9%8A-%D8%A7%D8%B3%D8%AA%D9%82%D8%A8%D8%A7%D9%84-%D8%A7%D9%84%D9%86%D9%88%D8%A7%D8%A8-%D8%A7%D9%84%D8%AC%D8%AF%D8%AF-%D8%A7%D8%B9%D8%AA%D8%A8%D8%A7%D8%B1%D8%A7%D9%8B-%D9%85%D9%86-%D9%8A%D9%88%D9%85-%D8%A7%D9%84%D8%A3%D8%AD%D8%AF-%D9%A4\/122167098542793877\/\" style=\"\" rel=\"noopener\">statement<\/a>. Starting today, Secretary-General Ahmed Manaa and his team will start issuing credentials to newly elected MPs for the 2026\u20132031 legislative term. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why the paperwork matters: <\/strong>The registration cycle marks one of the first major operational tests for the House at its new permanent home.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The logistics:<\/strong> The Secretariat has designed a staggered three-day onboarding window to manage the influx of both individual and party-list winners, starting with MPs from Cairo, Qalyubia, Dakahlia, and Menoufia today. The process will wrap on Tuesday. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s going to be speaker? <\/strong>It\u2019s still TBD, but chatter in the local press is tipping Rep. Eid Mahgoub as speaker, with Ahmed Saad Eddin and Assem El Gazar as deputy speakers. <\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/p><\/div>\n<\/div>\n<\/div><p class=\"tag-border-left\">News triggers<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>It\u2019s the first week of January<\/strong> \u2014 here are the key news triggers to keep your eyes on this month:<\/p><ul>\n<li><strong>Non-oil private sector activity to remain in the green? <\/strong>S&amp;P Global will release <strong>purchasing managers\u2019 index<\/strong> figures measuring non-oil private sector activity for December on Tuesday. Activity jumped <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5bcf90ac-b23b-4bf0-b466-3f494dbcf264\/non-oil-private-sector-activity-sees-fastest-growth-in-five-years\" style=\"\" rel=\"noopener\">back into the green in November<\/a>, breaking a nine-month stretch in contraction territory.<\/li>\n<li><strong>The business community and policymakers will have their eyes on December\u2019s <\/strong><strong>inflation figures<\/strong>, which are expected to be released on 10 January. The country\u2019s last <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8b06dc00-6bef-4bf5-92b3-48d1f91cfbb9\/%253cmark%253einflation%253c%2Fmark%253e-inches-down-in-november,-defying-expectations\" style=\"\" rel=\"noopener\">monthly reading<\/a> showed annual headline urban inflation easing to 12.3% on the back of cooling food and beverage prices. <\/li>\n<\/ul><p class=\"tag-border-left\">PSA-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>The E<\/strong><strong>gyptian Tax Authority <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/tax.egypt\/posts\/pfbid025BhiSBDLMLSh6YSpGGpHj226wZkv2buPNggL5sES6yN7xnixxqeFUa5T3iHRrXbvl\" style=\"\" rel=\"noopener\">launched the 2025 filing season<\/a><\/strong><strong> last week<\/strong>, marking the first practical implementation of what the authority is presenting as sweeping changes designed to repair the relationship between the state and the private sector. Beyond the standard technical support, this season will see the debut of a system aimed at rewarding voluntary compliance rather than just penalizing arrears.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FIling dates are unchanged: <\/strong><strong>Individual taxpayers<\/strong> have until<strong> 31 March <\/strong>to file returns for income other than from their day jobs, while <strong>corporate taxpayers <\/strong>have until <strong>30 April <\/strong>or within four months of their fiscal year-end.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Large and medium-sized taxpayers must now exclusively use the new core tax business <\/strong><strong>system <\/strong><strong>on the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/eta.gov.eg\/en\/home\" style=\"\" rel=\"noopener\">ETA website<\/a><\/strong><strong>.<\/strong> Smaller taxpayers will remain on the legacy e-tax platform for now as the authority works toward a fully unified digital infrastructure.<\/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>WEATHER- <\/strong>It\u2019s another chilly day in Cairo, with a high of 20\u00b0C and a low of 8\u00b0C, according to our favorite weather app.<\/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>, the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/mena-india\/en\" style=\"\" rel=\"noopener\">MENA-India<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/mena-india\/en\" style=\"\" rel=\"noopener\">Corridor<\/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\"><a id=\"wwtt5\"><\/a> <strong>US President Donald Trump says America is going to \u201crun\u201d Venezuela and take control of <\/strong><strong>its oil industry <\/strong>after his special operations troops toppled Nicolas Maduro and took him (and his wife) in chains to New York to face charges. The Venezuelan leader is now cooling his heels in a Brooklyn jail.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Right now, Trump\u2019s emphasis seems to be on oil, not elections. <\/strong>He said nothing about a timeline for elections or withdrawing from the country, instead noting that, \u201cWe\u2019re going to have our very large United States oil companies, the biggest anywhere in the world, go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure, and start making money for the country,\u201d<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump spoke at a press conference yesterday <\/strong>alongside his secretaries of state and defense as well as the chairman of the joint chiefs of staff. He didn\u2019t seek Congressional approval for Maduro\u2019s ouster. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>It\u2019s an open question how \u2014 and for how long \u2014 Trump plans to rule Venezuela. His Maga base has in the past objected to America\u2019s military intervention and \u201cnationbuilding\u201d bids in Iraq, Afghanistan, and Libya. The US leader said only that Washington will take control of Venezuela \u201cuntil such time as we can do a safe, proper and judicious transition.\u201d<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Think of it as the Munro Doctrine, Episode II: <\/strong>Trump has been clear that he sees the Western hemisphere as an exclusive US sphere of influence. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND IN OUR CORNER OF THE WORLD- A Maleficent visit to the border:<\/strong> Oscar-winning actress and former UN Special Envoy Angelina Jolie made a high-profile visit to the Egyptian side of the Rafah border crossing on Friday to highlight the stalled delivery of humanitarian aid. <\/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=\"682083 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=\"682083\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/682083\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682083\" class=\"content-area-description single-story post-682083 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.instagram.com\/p\/DSIKoodjCGX\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/808.jpg?ssl=1\"><\/a><\/span><\/p>\n<div class=\"grouped-tags\">\n<p><span style=\"font-weight:700\">Christmas is just the beginning. <\/span><span style=\"\">At Somabay, the celebrations unfold day by day, night by <\/span><span style=\"font-weight:400;\">night, building all the way into the New Year. From rooftop takeovers and beach parties to late-night performances and full-band shows, the season is curated to let you choose your moment and celebrate it your way &mdash; right through the final countdown and beyond.<\/span><\/p>\n<p><span style=\"font-weight:700;\">New Year&rsquo;s and beyond at Somabay. <\/span><\/p>\n<p><span style=\"font-weight:700;\">Celebrate when it feels right: Pick your night. Book your plans.<\/span><\/p>\n<p><span style=\"font-weight:700\">Discover the full December &amp; NYE calendar <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/www.instagram.com\/p\/DSIKoodjCGX\/\" style=\"\">here<\/a><\/span><span style=\"font-weight:700\">. Welcome the New Year at Somabay.<\/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=\"682084\" 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=\"682084\">\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\">The Big Story Today<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/govt-seeking-north-of-usd-6-bn-in-high-impact-investment-to-build-reserves-buffer\/\">\r\n                            Gov\u2019t seeking north of USD 6 bn in \u201chigh-impact\u201d investment to build reserves buffer                        <\/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\/2026\/01\/04\/govt-seeking-north-of-usd-6-bn-in-high-impact-investment-to-build-reserves-buffer\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/govt-seeking-north-of-usd-6-bn-in-high-impact-investment-to-build-reserves-buffer\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/govt-seeking-north-of-usd-6-bn-in-high-impact-investment-to-build-reserves-buffer\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Gov\u2019t seeking north of USD 6 bn in \u201chigh-impact\u201d investment to build reserves buffer&url=https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/govt-seeking-north-of-usd-6-bn-in-high-impact-investment-to-build-reserves-buffer\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/govt-seeking-north-of-usd-6-bn-in-high-impact-investment-to-build-reserves-buffer\/&title=Gov\u2019t seeking north of USD 6 bn in \u201chigh-impact\u201d investment to build reserves buffer\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Gov%E2%80%99t+seeking+north+of+USD+6+bn+in+%E2%80%9Chigh-impact%E2%80%9D+investment+to+build+reserves+buffer+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F01%2F04%2Fgovt-seeking-north-of-usd-6-bn-in-high-impact-investment-to-build-reserves-buffer%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\/2026\/01\/04\/govt-seeking-north-of-usd-6-bn-in-high-impact-investment-to-build-reserves-buffer\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/542.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"682085\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/govt-seeking-north-of-usd-6-bn-in-high-impact-investment-to-build-reserves-buffer\/542-jpg-37\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/542.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"542.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/542.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/542.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682084\" class=\"content-area-description single-story post-682084 post type-post status-publish format-standard has-post-thumbnail hentry category-the-big-story-today tag-economy tag-enterpriseam tag-extended-fund-facility tag-imf tag-investment-watch tag-the-big-story-today wpautop entry\">\n\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\"> <strong>The<\/strong><strong> Madbouly government is looking to net at least USD 6 bn from its divestment <\/strong><strong>program <\/strong>as it lays the groundwork for our final two reviews under an extended fund facility (EFF) with the International Monetary Fund, three senior government officials tell EnterpriseAM. The program is due to wrap by the end of this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters: <\/strong>The emphasis of the divestment program is to bring in capital that moves the needle for the economy, the officials say, emphasizing high-impact investment inflows over traditional debt financing to close our funding gap. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cA new large-scale transaction similar to Ras El Hekma and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9d35c52c-bfb7-45b7-84a2-df50aafc5653\/qatar-to-invest-usd-29.7-bn-in-north-coast-project\" style=\"\" rel=\"noopener\">Alam El Roum<\/a><\/strong><strong> ensures continuous investment flows<\/strong>, generates new jobs for Egyptian companies, and maintains demand for construction materials for years to come,\u201d one of the sources said. By prioritizing investment and not just debt, the government aims to boost tax revenues and export capacity, which ultimately accelerates growth rates and lowers the overall debt-to-GDP burden.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The IMF did not specify the mechanism for exit or stake sales, but its primary metric for success in the EFF is our ability to build FX reserves of USD 55-56 bn before the program ends. The goal is to see us build a hedge against future economic or geopolitical shocks and pivot out of the \u201cperpetual borrower\u201d trap. While the reserve target is mandated, there\u2019s no agreement on the timing and or choice of assets that may be in the disposal program, our sources say.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How they\u2019ll do it:<\/strong> The government plans to secure between USD 3-4 bn through the privatization of key state-owned assets by October 2026. These include stakes in Banque du Caire, bottled water maker Safi and filling station operator Wataniya (both military-owned companies) and the Gabal El Zeit wind power plant. The government\u2019s minority stake in Alexbank is also on offer. The list also includes stakes in 13 public sector enterprises that will be ready for offering at percentages ranging between 10-40% under partnership with the private sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cabinet will also fast-track the tenders for 12 buildings in Ministries Square \u2014 <\/strong><strong>former ministry<\/strong><strong> headquarters in Downtown Cairo \u2014 slated for 1Q 2026. <\/strong>It hopes to net proceeds of between USD 2-3 bn. Officials are also in the final stages of a master plan for the sale of land at Ras Banas on the Red Sea Coast.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Just last week, Egypt received the USD 3.5 bn cashbased portion of the Alam El Roum development agreement from Qatari Diar. This influx of funds was the catalyst that helped Egypt reach the recent <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3d504a87-5e19-4eab-b95d-3f289427e42f\/no-more-buts-as-imf-signs-off-on-key-reviews-of-our-usd-8-bn-assistance-package\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3d504a87-5e19-4eab-b95d-3f289427e42f\/no-more-buts-as-imf-signs-off-on-key-reviews-of-our-usd-8-bn-assistance-package\" style=\"\" rel=\"noopener\">staff-level agreement<\/a> with the Fund on the fifth and sixth reviews after meeting its requirements regarding foreign currency buffers and the closure of financing gaps. Egypt is set to receive some USD 2.7 bn next month once the Fund\u2019s Executive Board approves the reviews.<\/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\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/extended-fund-facility\/\">Extended Fund Facility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/imf\/\">IMF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-big-story-today\/\">THE BIG STORY 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=\"682086\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper 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enters 2026 full steam ahead as \u201cspeculative pricing\u201d era ends                        <\/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\/2026\/01\/04\/is-the-egps-speculative-pricing-era-over\/\" 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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data-image-title=\"1700.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1700.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/1700.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682087\" class=\"content-area-description single-story post-682087 post type-post status-publish format-standard has-post-thumbnail hentry category-economy tag-banking tag-economy tag-enterpriseam tag-foreign-exchange wpautop entry\">\n\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\"> <strong>The EGP<\/strong><strong> closed 2025 on a high note, having appreciated 6.7% for the year against the <\/strong><strong>greenback.<\/strong> Driven by a record-breaking surge in remittances, surging tourism, and improving exports, the EGP is widely projected to strengthen further in 2026 as the nation moves from a \u201cvicious cycle\u201d of devaluation to a \u201cvirtuous cycle\u201d of upgrades, according to industry experts we spoke to.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers:<\/strong><\/p>\n<ul>\n<li><strong>Record reserves:<\/strong> Foreign exchange reserves reached a <a target=\"_blank\" rel=\"noopener\">record USD 50.215 bn<\/a> in November;<\/li>\n<li><strong>Remittance surge:<\/strong> Inflows from Egyptians abroad hit an unprecedented <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/738d60e1-cf04-4f50-b57b-4b0c55f1b06a\/a-regulator-for-logistics-zones,-an-uptick-in%253cmark%253e-remittances%253c%2Fmark%253e,-and-a-taj-branded-continental-hotel\" style=\"\" rel=\"noopener\">USD 33.9 bn<\/a> in the first ten months of 2025 \u2014 a 42.8% y-o-y increase since the March 2024 float;<\/li>\n<li><strong>NFA rebound:<\/strong> Net foreign assets (NFAs) reached USD 22.7 bn by end-October, marking a massive recovery from the negative territory that defined 2022\u20132024;<\/li>\n<li><strong>Suez Canal recovery:<\/strong> While Red Sea tensions cut Suez Canal revenues to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c64ad0cb-f3a5-4d5f-8e2c-7658c1a7c9a9\/current-account-deficit-narrows-to-usd-15.4-bn-in-fy-2024-25\" style=\"\" rel=\"noopener\">USD 3.6 bn in fiscal year 2024-2025<\/a>, a gradual rebound to USD 5.5 bn is expected by FY 2026-2027 as trade activity normalizes.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cWhen these indica<\/strong><strong>tors come together, they generate a compounded effect known as the accumulation of foreign currency surplus<\/strong>, which helps address the liquidity shortages that have historically put pressure on the EGP,\u201d EG Bank Board Member Mohamed Abdel Aal tells us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A series of strategic and global shifts are helping prop-up the EGP:<\/strong><\/p>\n<ul>\n<li><strong>Positive real interest rates: <\/strong>Egypt remains a magnet for foreign investors in local debt instruments. High positive real rates \u2014 maintained even as inflation cools \u2014 ensure a sustainable inflow of USD to meet financing needs, Abdel Aal tells us.<\/li>\n<li><strong>The sharp decline in credit default swap spreads makes it easier for Egypt to issue new bonds and sukuk<\/strong>, Al Ahly Pharos\u2019 Hany Genana tells us.<\/li>\n<li><strong>Strategic economic and fiscal measures: <\/strong>Major investment transactions are expected to conclude, bringing in fresh USD inflows or facilitating debt swaps. The government is moving ahead with its asset privatization plans, including assets like Banque du Caire.<\/li>\n<li><strong>Lower energy prices: <\/strong>A decline in global prices for imported oil and gas, coupled with higher domestic production and increased imports via pipelines, is expected to slash the trade deficit.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our take:<\/strong> For the private sector, the story is less the absolute exchange rate but the death of both the parallel market and the fear-based pricing it sparked. Manufacturers who once priced goods based on their expectations of future black-market rates are returning to rational planning. With the USD now readily available in banks, the EGP has shifted from a source of daily anxiety to a stable anchor for corporate budgeting.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The IMF factor:<\/strong> The successful conclusion of the IMF\u2019s fifth and sixth reviews paves the way for a USD 2.7 bn payout in January. While the program expires in October 2026, the IMF agreement is now a \u201ccertificate of confidence\u201d rather than a \u201clife support machine,\u201d Federation of Egyptian Industries board member Mohamed El Bahy tells us. He added that with USD 50 bn investment agreements now on the table, a single IMF tranche is no longer the needle-mover it once was.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Going forward:<\/strong> \u201cEven after the IMF [program] ends, the lessons learned over the last two years have fundamentally changed the mindset of Egyptian economic management. There is now a consensus among the government, experts, and the private sector that rational, stable management is the only way forward,\" Genena tells us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to watch in 2026:<\/strong><\/p>\n<ul>\n<li><strong>Where will the EGP trade against the USD this year:<\/strong> Abdel Aal sees an EGP 45\u201355 range, while Genena is more bullish, projecting an average of 46 EGP;<\/li>\n<li><strong>Interest rate path:<\/strong> Genena suggests that anticipated interest rate cuts in the coming year \u2014 potentially up to 800 bps \u2014 will not negatively impact the EGP, attributing this to a broader global trend of monetary easing;<\/li>\n<li><strong>The risks:<\/strong> Heavy debt service obligations and the potential for a surge in \u201cnon-essential\u201d imports as liquidity improves remain the primary \u201cresistance elements\u201d to further appreciation, Abdel Aal says.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-exchange\/\">foreign exchange<\/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=\"682089\" 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=\"682089\">\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\">Banking<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/banks-are-front-running-the-easing-cycle\/\">\r\n                            How Egypt\u2019s banks are front-running the easing cycle                        <\/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\/2026\/01\/04\/banks-are-front-running-the-easing-cycle\/\" 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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Banks acted swiftly to lower interest rates on deposits and new certificates, cutting expenses. That, combined with the slower pace of rate cuts, allowed banks to sustain high net interest margins (NIMs) throughout 2025 even as interest rates trended downward, industry insiders tell us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The \u201cspread\u201d strategy: <\/strong>Throughout 2025, the CBE slashed rates by a total of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d51870a6-7c1f-43aa-8425-60387de27f60\/%2525d8%2525af%2525d9%252588%2525d8%2525b1%2525d8%2525a9-%2525d8%2525a7%2525d9%252584%2525d8%2525aa%2525d9%25258a%2525d8%2525b3%2525d9%25258a%2525d8%2525b1-%2525d8%2525a7%2525d9%252584%2525d9%252586%2525d9%252582%2525d8%2525af%2525d9%25258a-%2525d8%2525aa%2525d9%252583%2525d8%2525aa%2525d8%2525b3%2525d8%2525a8-%2525d8%2525b2%2525d8%2525ae%2525d9%252585%2525d8%2525a7-%2525d9%252585%2525d8%2525b9-%2525d8%2525ae%2525d9%252581%2525d8%2525b6-%2525d8%2525a7%2525d9%252584%2525d9%252585%2525d8%2525b1%2525d9%252583%2525d8%2525b2%2525d9%25258a%25253cmark%25253e-%2525d8%2525a3%2525d8%2525b3%2525d8%2525b9%2525d8%2525a7%2525d8%2525b1-%2525d8%2525a7%2525d9%252584%2525d9%252581%2525d8%2525a7%2525d8%2525a6%2525d8%2525af%2525d8%2525a9%25253c%252Fmark%25253e-100-%2525d9%252586%2525d9%252582%2525d8%2525b7%2525d8%2525a9-%2525d8%2525a3%2525d8%2525b3%2525d8%2525a7%2525d8%2525b3\" style=\"\" rel=\"noopener\">725 basis points<\/a>, bringing the overnight deposit rate to 20.00%. Banks acted offensively rather than waiting for cuts:<\/p>\n<ul>\n<li><strong>Cost-cutting:<\/strong> Lenders moved immediately to lower rates on new certificates and deposits;<\/li>\n<li><strong>Yield locking:<\/strong> At the same time, their balance sheets remained packed with high-yield bonds and loans secured during the 2024 interest rate peak;<\/li>\n<li><strong>The result?<\/strong> This \u201ctiming gap\" allowed banks to maintain outsized NIMs even as the headline rates trended downward.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By swiftly slashing deposit rates while riding high-yield legacy portfolios, banks saw consolidated net income increase to EGP 433.8 bn in the first nine months of 2025 <\/strong>\u2014 a massive jump from the EGP 274.9 bn that banks had accumulated at the half-year mark, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/1305.pdf\" style=\"\" rel=\"noopener\">a CBE report<\/a>. Net operating income in the sector surpassed the EGP 1 tn mark in the nine months ending 30 September, up from EGP 661.1 bn as at the end of June. Net interest income (NII) reached EGP 766.8 bn in 9M 2025, up from EGP 503.6 bn in 6M 2025, highlighting the sector's ability to leverage current rate levels to maximize returns. Total banking sector assets rose to EGP 25.37 tn, with the total deposit portfolio reaching approximately EGP 15.32 tn at the end of September.<\/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>Why it matters: <\/strong>The record results likely represent the \u201ctop of the curve,\u201d economist Hany Abou El Fotouh tells us, with the real test beginning in 2026 as <a target=\"_blank\" rel=\"noopener\">EGP 1.3 tn worth of 27% certificates mature<\/a>. The \u201ccertificate wars\u201d of the past are being replaced by \u201ccheap liquidity wars,\u201d where the winners will be those who can attract low-cost current and savings accounts (CASA) through digital services rather than with expensive interest rates. Banks might be willing to slightly reduce their income to secure and maintain this liquidity, former Industrial Development Bank Chairman Maged Fahmy tells us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banks can no longer rely on \u201ceasy income\u201d from the differential between what they pay depositors and the <\/strong><strong>income they generate from parking funds in government paper<\/strong><strong>.<\/strong> We\u2019re witnessing the end of \u201ceasy arbitrage,\u201d Abou El Fotouh tells us. For years, banks could thrive as mere \u201cdeposit collectors,\u201d parking liquidity in high-yield Treasuries. In 2026, that game is over. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where will the banks try to make up the difference? <\/strong>Interest rates are still at a level that prevents real corporate borrowing for capital expenditure (though that\u2019s expected to improve as the year wears on). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to watch in 2026:<\/strong><\/p>\n<ul>\n<li><strong>Companies get more love:<\/strong> With surplus liquidity and lower funding costs, expect a \u201cpricing war\u201d as banks compete to capture high-quality corporate clients;<\/li>\n<li><strong>Diversification: <\/strong>Banks will be pushing to drive revenue from more classical investment banking arms as well as non-bank financial services (consumer finance and ins., among others);<\/li>\n<li><strong>Fees and commissions <\/strong>will likely rise for everything under the sun;<\/li>\n<li><strong>Keep an eye on the rise of green bonds and retail lending<\/strong> \u2014 personal loans and credit cards \u2014 as banks hunt for higher-margin alternatives to government paper.<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/banking\/\">banking<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"682091\" 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=\"682091\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/interest-payments-devour-gains-as-budget-deficit-widens-to-3-6-of-gdp\/\">\r\n                            Interest payments devour gains as budget deficit widens to 3.6% of GDP                        <\/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\/2026\/01\/04\/interest-payments-devour-gains-as-budget-deficit-widens-to-3-6-of-gdp\/\" 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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These payments accounted for the lion\u2019s share of public spending between July and November, effectively consuming over 96% of the state\u2019s total budget revenues during the period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(** Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fiscal tug o\u2019 war: <\/strong>Total expenditure climbed 32.6% y-o-y to EGP 1.88 tn. While interest was the primary driver, the ministry also flagged higher spending on wages \u2014 up 9.5% to EGP 263.6 bn \u2014 and social protection, which rose 28% to EGP 270 bn due to higher food subsidies and Takaful and Karama transfers. Takaful and Karama are cash-transfer programs that specifically target qualified beneficiaries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Revenue is also up \u2014 but not enough. <\/strong>Revenues grew 33% to EGP 1.1 tn, fueled by a 35% jump in tax receipts to EGP 961.6 bn. The rapid rise in spending, however, more than offset the tax gains, causing the overall budget deficit to widen to 3.6% of GDP, up from 3.1% in the same period last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> The figures highlight the \u201cfiscal circularity\u201d facing the Finance Ministry even as tax reforms bear fruit. High interest rates mean the government is largely borrowing to pay off old debt. But a \u201chistoric\u201d primary surplus \u2014 which excludes debt service \u2014 jumped to EGP 306 bn. This suggests that if interest rates ease in 2026, the underlying budget would actually be in its strongest position in years.<\/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 ministry is working to de-risk the ledger by distributing interest payments more evenly across the fiscal year and diversifying funding sources to move away from high-cost domestic short-term debt.<\/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\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gdp\/\">GDP<\/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=\"682093\" 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=\"682093\">\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\">Cabinet watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/garghoub-is-now-a-special-economic-zone-here-is-what-that-means-for-investors\/\">\r\n                            Garghoub gets SCZone status                        <\/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\/2026\/01\/04\/garghoub-is-now-a-special-economic-zone-here-is-what-that-means-for-investors\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/garghoub-is-now-a-special-economic-zone-here-is-what-that-means-for-investors\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/garghoub-is-now-a-special-economic-zone-here-is-what-that-means-for-investors\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Garghoub is now a Special Economic Zone \u2014 here is what that means for investors&url=https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/garghoub-is-now-a-special-economic-zone-here-is-what-that-means-for-investors\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/garghoub-is-now-a-special-economic-zone-here-is-what-that-means-for-investors\/&title=Garghoub is now a Special Economic Zone \u2014 here is what that means for investors\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Garghoub+is+now+a+Special+Economic+Zone+%E2%80%94+here+is+what+that+means+for+investors+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F01%2F04%2Fgarghoub-is-now-a-special-economic-zone-here-is-what-that-means-for-investors%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\/2026\/01\/04\/garghoub-is-now-a-special-economic-zone-here-is-what-that-means-for-investors\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/11.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"682094\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/garghoub-is-now-a-special-economic-zone-here-is-what-that-means-for-investors\/11-jpg-49\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/11.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"11.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/11.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/11.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682093\" class=\"content-area-description single-story post-682093 post type-post status-publish format-standard has-post-thumbnail hentry category-cabinet-watch tag-cabinet-watch tag-enterpriseam tag-infrastructure tag-mabouly-cabinet wpautop entry\">\n\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\"> <strong>The Madbouly cabinet h<\/strong><strong>as greenlit the establishment of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/7b7c8483-ab99-4d9e-930a-0236166d38bd\" style=\"\" rel=\"noopener\">Garghoub Special Economic Zone<\/a><\/strong> <strong> in Matrouh<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02zBRLbnx1dd6a9ftMLLNtQcCDkRaK79zzvueuq98rY27AtdBAe8rvxk2P2QvgWnTtl\" style=\"\" rel=\"noopener\">statement<\/a> following Thursday's weekly meeting. The new general authority heading the zone will report directly to the Prime Minister, holding full jurisdiction over 402k feddans to establish companies and enter into public-private partnerships.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By granting Garghoub the special economic zone status, the state is giving it the same <\/strong><strong>perks granted to the Suez Canal Economic Zone <\/strong>\u2014 companies operating there will benefit from reduced income taxes, a specialized customs regime for equipment and inputs, and a genuine \"one-stop-shop\" for licensing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The big picture:<\/strong> Garghoub is being positioned as Egypt\u2019s western gateway to Europe and this decree provides the legal certainty investors have been waiting for before committing to long-term projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Also approved at the cabinet last week<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>A structural overhaul of the GOEIC:<\/strong> The General Organization for Export and Import Control is being transformed into a comprehensive technical coordinator. Its board will now include heads of the National Food Safety Authority, Customs Authority, and General Organization for Standards and Quality to unify inspection standards and slash customs clearance times.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong><strong> The cabinet greenlit the agreement between the Egyptian National Railways and <\/strong><strong>Italy\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad9912ac-0559-4154-bd38-5e2b7a752335\/%253cmark%253e%253c%2Fmark%253ebreaking%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edown%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ethe%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253emany%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eagreements%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esigned%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eduring%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eday%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etwo%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eof%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etransmea%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">Arsenale Group<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad9912ac-0559-4154-bd38-5e2b7a752335\/%253cmark%253e%253c%2Fmark%253ebreaking%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edown%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ethe%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253emany%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eagreements%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esigned%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eduring%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eday%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etwo%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eof%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253etransmea%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">to operate and manage<\/a> the luxury tourist train Guardian of the Nile, which will offer upscale travel experiences along the Nile Valley. The agreement first came to light in November. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Easy visa extended:<\/strong> To boost off-season tourism, free emergency visas for arrivals at Luxor and Aswan airports will continue through the summer of 2027. The 96-hour free transit visa has also been extended until April 2027.<\/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\/cabinet-watch\/\">cabinet watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mabouly-cabinet\/\">Mabouly Cabinet<\/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=\"682095\" 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=\"682095\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/sca-welcomes-a-new-board-for-the-new-year\/\">\r\n                            Suez Canal Authority Chairman Osama Rabie shuffles board for 2026                        <\/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\/2026\/01\/04\/sca-welcomes-a-new-board-for-the-new-year\/\" 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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Under the decree issued by authority chair Osama Rabie, Fathy Abdel Bary remains Director of Planning, Research, and Studies \u2014 a role that has become critical for the SCA\u2019s marketing policies and incentive aimed at luring shipping lines to make their comeback to the waterway.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new board sees a few faces hold onto their roles, some shuffled around, and a few <\/strong><strong>join it<\/strong>, including Abdelrahman Ramadan, who was named Acting Director of the Transit Department, where he will help manage the return of mega-vessels to the waterway. Meanwhile, Abdelhakim Bedawy is now Director of Affiliated Companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> This isn't just an administrative shuffle; it\u2019s a recovery taskforce. By keeping the legal and planning heads in place while switching around the operational and engineering leads, Rabie is betting on a mix of policy continuity and operational efficiency to woo back the global trade that has been diverted around the Cape of Good Hope.<\/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\/moves\/\">moves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/osama-rabie\/\">Osama Rabie<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/suez-canal-authority\/\">Suez Canal Authority<\/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=\"682097 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=\"682097\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/682097\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682097\" class=\"content-area-description single-story post-682097 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=\"682098\" 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=\"682098\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">LAST NIGHT\u2019S TALK SHOWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/tax-facilitations-pull-egp-1-tn-into-the-formal-economy-says-kouchouk\/\">\r\n                            Tax facilitations pull EGP 1 tn into Egypt\u2019s formal economy, says Kouchouk                        <\/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\/2026\/01\/04\/tax-facilitations-pull-egp-1-tn-into-the-formal-economy-says-kouchouk\/\" 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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Kouchouk signaled that the budget deficit is on a steady downward trajectory, forecasting better performance this fiscal year compared to the historical average.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where\u2019s the long-awaited public debt strategy? <\/strong>The government will hold a press conference in the coming weeks to unveil its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/da175d77-a5bd-4ac2-99e2-b88bd8104616\/egypt-to-unveil-public-debt-strategy-in-december\" style=\"\" rel=\"noopener\">comprehensive debt management strategy<\/a>, Kouchouk said, adding that the strategy will focus on long-term structural debt reduction. He reiterated the Prime Minister\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7dc6eff9-6990-4cec-866d-ef1f349e0abb\/it%25e2%2580%2599s-interest-rate-day-in-egypt,-and-pundits-are-still-calling-a-cut-in-the-central-bank%25e2%2580%2599s-final-meeting-of-2025\" style=\"\" rel=\"noopener\">December pledge<\/a> to bring external debt down to levels not seen in half a century.<\/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\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ahmed-kouchouk\/\">Ahmed Kouchouk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/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=\"682100\" 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=\"682100\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/granite-to-launch-a-real-estate-investment-fund\/\">\r\n                            GRANITE to launch a real estate investment fund                        <\/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\/2026\/01\/04\/granite-to-launch-a-real-estate-investment-fund\/\" target=\"_blank\">\n                    Open in new tab 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data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/granite-to-launch-a-real-estate-investment-fund\/1709-jpg-34\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1709.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1709.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1709.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1709.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682100\" class=\"content-area-description single-story post-682100 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-debt tag-enterpriseam tag-granite tag-manufacturing 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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Our friends at <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a155b7b2-482a-4994-a004-95930e84f9c6\/fra-approves-granite%25e2%2580%2599s-planned-multi-currency-fixed-income-fund\" style=\"\" rel=\"noopener\">GRANITE<\/a><\/strong><strong>are<\/strong> <strong>planning to launch a real estate investment fund with a target <\/strong><strong>capital of EGP 10 bn by the end of 2026<\/strong>, founder and CEO Hisham Akram told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financing-and-investment\/112799\/%D8%AC%D8%B1%D8%A7%D9%86%D9%8A%D8%AA-%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D8%AA%D8%A3%D8%B3%D9%8A%D8%B3-%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%B9%D9%82%D8%A7%D8%B1%D9%8A-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-10-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D9%86%D9%8A%D9%87\/?utm_term=Autofeed&amp;utm_campaign=ebx-egy&amp;utm_medium=Social&amp;utm_source=Facebook&amp;Echobox=1767162512&amp;fbclid=IwY2xjawPFsoxleHRuA2FlbQIxMABicmlkETFXQXdFVGY0dFQ4NHBJeW9zc3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHnd1FRhk3JjH8p_3tMxU0U6zQvN3jjmGDntrljTP4OdApgjRi2kRpWsDe0SG_aem_A8yS0-keC1kFNJGVGIDZ8w\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The fund, which will be set up in partnership with an unnamed developer, will pivot away from traditional residential plays to focus on \"ready-to-move\" commercial and administrative assets that generate steady rental yields.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pattern<\/strong><strong>:<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/943b4834-5b38-4717-a4a0-3c34f79ae0e5\/fractional-real-estate-is-heating-up-in-egypt-as-mnt-halan-and-azimut-launch-the-country%25e2%2580%2599s-first-non-listed-digital-reit\" style=\"\" rel=\"noopener\">Fractional real estate<\/a> is inching toward becoming its own asset class in Egypt, with players including Bonyan, Madine Masr, and Halan approaching the industry from different entry points. <\/p><p class=\"tag-border-left\">Lenders back Alamein Silicon complex with USD 140 mn loan<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alamein for Silicon Products has secured a USD 140 mn long-term syndicated <\/strong><strong>loan from a group of local lenders<\/strong>, including QNB Egypt, CIB, and Banque du Caire to fund the first phase of its manufacturing complex in New Alamein, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1439691538201262?ref=embed_post\" style=\"\" rel=\"noopener\">statement<\/a>. The National Bank of Egypt is the financial advisor for the project.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next: <\/strong>The USD 200 mn first phase of the silicon manufacturing and refining complex will have an annual capacity of 45k tons and provide over 3.3k direct and indirect jobs. Future phases will see the production of polysilicon \u2014 used in the production of electronics and solar cells \u2014 as well as silicone intermediate and finished silicon products, such as rubber and oil. The project will position Egypt as a regional hub for silicon industries and significantly reduce our industrial import bill.<\/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>\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\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/granite\/\">GRANITE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"682102\" 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=\"682102\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/another-grim-year-ahead-for-the-usd\/\">\r\n                            USD opens 2026 slightly higher, but after its worst annual drop since 2017                        <\/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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data-attachment-id=\"682103\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/another-grim-year-ahead-for-the-usd\/103-jpg-39\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/103.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"103.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/103.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/103.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682102\" class=\"content-area-description single-story post-682102 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam tag-financial-markets tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The USD opened 2026 with a modest rebound, doing little to repair the damage from last<\/strong><strong> year. <\/strong>The USD index edged up 0.24% on Friday to 98.48, after closing out 2025 with a 9.5% drop \u2014 its steepest annual decline since 2017, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/dollar-makes-soft-start-2026-after-sharpest-drop-8-years-2026-01-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The slide was driven by mounting unease over President Donald Trump\u2019s trade war,<\/strong><strong> surging US debt, and concerns about the independence of the Federal Reserve.<\/strong> \u201cThis has been one of the worst years for USD performance in the history of freefloating exchange rates,\u201d Deutsche Bank\u2019s George Saravelos told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/1712a946-5861-444e-9740-d488c865c5cf\" style=\"\" rel=\"noopener\">Financial Times<\/a>.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A rebound from a deep hole:<\/strong> The USD hit its low point in September, down 15% against major currencies after Trump launched his sweeping April tariffs. It has since rebounded by 2.5%, as US recession fears eased, though the recovery has been capped by the Fed\u2019s resumption of interest rate cuts, which kept the currency under pressure.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AI saves the day \u2014 for now:<\/strong> Capital inflows into US equities tied to the AI boom have provided short-term support, with further investments expected this year \u2014 keeping US growth ahead of Europe\u2019s. The reopening of the US government and the impact of recently passed tax cuts could give growth \u2014 and the USD \u2014 a lift in 1Q, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/dire-year-dollar-has-little-light-end-tunnel-2026-2025-12-22\/\" style=\"\" rel=\"noopener\">according to Brandywine Global<\/a>. However, that boost is likely to fade later in the year.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026 but the future still looks grim:<\/strong> Markets expect the Fed to deliver two or three quarter-point rate cuts in 2026, while other central banks are expected to hold or tighten policy. The Fed will introduce three rate cuts in 1H 2026, Moody\u2019s Analytics\u2019 Chief Economist Mark Zandi told <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/12\/31\/economist-mark-zandi-sees-the-fed-surprising-with-three-rate-cuts-in-first-half-of-2026-.html\" style=\"\" rel=\"noopener\">CNBC<\/a>, citing a weakening labor market, political pressure, and inflation uncertainty. FX strategists continue to forecast a weaker USD through the year, according to a Reuters survey.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Germany\u2019s fiscal stimulus, policy support in China, and improving eurozone growth are<\/strong><strong> expected to narrow the US growth premium.<\/strong> \u201cWhen the rest of the world is starting to look better in terms of growth, that\u2019s favorable for the [USD] to continue to weaken,\u201d Amundi\u2019s Paresh Upadhyaya told Reuters.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A pivotal month ahead:<\/strong> Markets are closely watching Trump\u2019s choice for the next Fed chair, expected this month, ahead of Jerome Powell\u2019s term ending in May. Powell has been under fire from Trump for not cutting rates more aggressively, but a <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/ad4bfd8b-a0f8-4f9e-a234-eed589e3d0ab\" style=\"\" rel=\"noopener\">successor<\/a> more receptive to White House pressure could weigh further on the currency. Short-term direction will also hinge on a heavy run of US data next week, including Friday\u2019s payrolls report.<\/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><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\">41,829<\/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: +40.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CBE)<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 47.60<\/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 47.74<\/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 47.61<\/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 47.71<\/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\">20.00% 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\">21.00% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,549<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +0.5%)<\/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>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\">9,995<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">0.0% (YTD: 0.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,114<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1% (YTD: +1.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 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\">6,858<\/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: +0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">9,951<\/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: +0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,850<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.0% (YTD: +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>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 60.75<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.62<\/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%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4,330<\/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-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 91,293<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1% (YTD: +4.2%)<\/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 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\">994.42<\/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: +0.1%)<\/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\">151.69<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: -0.1%)<\/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>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\">14.51<\/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\">-2.9% (YTD: -2.9%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div><p class=\"tag-border-left\">THE CLOSING BELL-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 rose 0.3% at Wednesday\u2019s close<\/strong> on turnover of EGP 6.7 bn (22.9% above the 90-day average). International investors were the sole net sellers. The index is up 40.7% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Misr Cement (+8.0%), Egypt Aluminum (+3.8%), and Raya Holding (+3.3%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Beltone Holding (-3.1%), Oriental Weavers (-1.7%), and Credit Agricole (-0.8%).<\/p><p class=\"tag-border-left\">CORPORATE ACTIONS- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Domty shareholders approve demerger:<\/strong> The extraordinary general assembly of dairy giant Domty approved a decision to split the firm into two entities based on its book value at the end of 2024, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/1\/9.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a>. Under the move, Domty will be the demerging company with EGP 113 mn in capital, while a new firm \u2014 Dairy Products Euro Arabian for Food Industries \u2014 will be created with an issued and paid-in capital of EGP 438 mn.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The split will see total shareholders\u2019 equity of EGP 1.2 bn divided between the two <\/strong><strong>companies,<\/strong> with EGP 246.1 mn allocated to the demerging company and the rest to the new entity. Both companies are set to remain listed on the EGX.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"682104\" 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\/2026\/01\/04\/682104\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682104\" class=\"content-area-description single-story post-682104 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;\">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 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>1<\/span><span>2 Februar<\/span><span>y (Thursday): Monetary Policy Committee\u2019s first meeting. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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;\">2 April (Thursday): Monetary Policy Committee\u2019s second meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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;\">21 May (Thursday): Monetary Policy Committee\u2019s third meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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;\">9 July (Thursday): Monetary Policy Committee\u2019s fourth meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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>20 August (Thursday): Monetary Policy Committee\u2019s fifth meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">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 style=\"font-weight:400;\">24 September (Thursday): Monetary Policy Committee\u2019s sixth meeting. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27-29 September (Sunday-Tuesday): 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:400;\">29 October (Thursday): Monetary Policy Committee\u2019s seventh meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">17 December (Thursday): Monetary Policy Committee\u2019s eighth meeting.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Early 2026: 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:400;\">Early 2026: The government will launch the second package of tax breaks. <\/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;\">1Q 2026: 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>1Q 2026: Turkish President Tayyip Erdogan to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/photo.php?fbid=1433492502154499&set=pb.100064812882317.-2207520000&type=3\" style=\"\">visit<\/a><\/span><span style=\"font-weight:400;\"> 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;\">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.<\/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>US \u201cto run\u201d Venezuela | Front-running the easing cycle | Filing season kicks off | Special economic zone.<\/p>\n","protected":false},"featured_media":682080,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-682079","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"53813536-9522-4fe6-8716-9f4a13d5cd89","teaser":"US \u201cto run\u201d Venezuela | Front-running the easing cycle | Filing season kicks off | Special economic zone.","photo_url":"https:\/\/ent.news\/2026\/1\/14.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>Gov\u2019t after high-impact investment to build reserves buffer - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/govt-after-high-impact-investment-to-build-reserves-buffer\/\" \/>\n<meta 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