{"id":682596,"date":"2026-01-22T00:00:00","date_gmt":"2026-01-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=682596"},"modified":"2026-01-22T04:31:02","modified_gmt":"2026-01-22T04:31:02","slug":"trump-again-says-hes-backing-egypt-on-gerd","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/","title":{"rendered":"Trump again says he\u2019s backing Egypt on Gerd"},"content":{"rendered":"<section id=\"682598\" 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=\"682598\">\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\/22\/govt-wants-to-slash-arrears-owed-to-energy-players-to-usd-1-2-bn\/\">\r\n                            Egypt wants to slash arrears owed to energy players to USD 1.2 bn                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/govt-wants-to-slash-arrears-owed-to-energy-players-to-usd-1-2-bn\/\" 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\/22\/govt-wants-to-slash-arrears-owed-to-energy-players-to-usd-1-2-bn\/')\">\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\/22\/govt-wants-to-slash-arrears-owed-to-energy-players-to-usd-1-2-bn\/\">\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 wants to slash arrears owed to energy players to USD 1.2 bn&url=https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/govt-wants-to-slash-arrears-owed-to-energy-players-to-usd-1-2-bn\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/govt-wants-to-slash-arrears-owed-to-energy-players-to-usd-1-2-bn\/&title=Gov\u2019t wants to slash arrears owed to energy players to USD 1.2 bn\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Gov%E2%80%99t+wants+to+slash+arrears+owed+to+energy+players+to+USD+1.2+bn+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F01%2F22%2Fgovt-wants-to-slash-arrears-owed-to-energy-players-to-usd-1-2-bn%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/govt-wants-to-slash-arrears-owed-to-energy-players-to-usd-1-2-bn\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1027.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"682599\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/govt-wants-to-slash-arrears-owed-to-energy-players-to-usd-1-2-bn\/1027-jpg-31\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1027.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1027.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1027.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1027.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682598\" class=\"content-area-description single-story post-682598 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-enterpriseam tag-oil-and-gas tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends, and happy THURSDAY to you all. <\/strong>We\u2019ve got a particularly packed issue for you this morning, starting with a rundown on President Abdel Fattah El Sisi\u2019s appearance at the World Economic Forum yesterday with Donald Trump. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The highlights: <\/strong>Trump made it clearer than ever that he\u2019s siding with us on Gerd \u2014 and El Sisi continues to single-out the importance of the private sector, signalling yesterday that he would be hosting a business conference in Egypt later this year. The president offered no details about the gathering. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We also have for you this morning news that tweaks to the VAT could be in the works<\/strong> (good for manufacturers and professional services firms alike) <strong>and a sit-down with the head of the Egyptian Exchange<\/strong>, who dropped hints about who might be next in line to list after Gourmet. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ All of that and lots more is below. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/omny.fm\/shows\/enterpriseam-egypt\" style=\"\" rel=\"noopener\">WISH THIS MORNING\u2019S ISSUE was a podcast? We\u2019ve got you. Tap or click here<\/a><\/strong> to listen to Morning Drive, our 10-minute audio version of today\u2019s issue, crafted for you to enjoy with your morning coffee, while getting the kids ready for school, <strong>or while stuck on the Ring Road behind someone who apparently has nowhere to be, ever<\/strong>.<br><strong>***<\/strong><\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.surveymonkey.com\/r\/D7K5RXP\" style=\"\" rel=\"noopener\">Tap or click<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.surveymonkey.com\/r\/D7K5RXP\" style=\"\" rel=\"noopener\">here<\/a><\/strong><strong> to take our annual EnterpriseAM Executive Sentiment Survey<\/strong> and let us know what you think about: <\/p><ul>\n<li>Whether business conditions will improve in 2026;<\/li>\n<li>The biggest issue your business faces today;<\/li>\n<li>What you think AI will mean for your company; <\/li>\n<li>Where you see the EGP vs the USD this year;<\/li>\n<li>And more\u2026<\/li>\n<\/ul><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We\u2019ll have the results in an upcoming issue. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>It's going to be a warm day in Cairo, with a high of 24\u00b0C and a low of 13\u00b0C, according to our favorite weather app. Look for cool nights and warm days (20-24\u00b0C) for the next week or so. <\/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>ENERGY \u2014 Egypt aims to bring arrears owed to energy companies down to just USD 1.2 <\/strong><strong>bn by June 2026<\/strong>, Prime Minister Moustafa Madbouly <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid07wAFohjmWcErLzmRFiTBsaEL8111pXfYF6C4MfutuzAfcUztH2FXdTjAqejN6ZxRl\" style=\"\" rel=\"noopener\">said<\/a> yesterday during his weekly presser. The state is following a structured repayment plan to bring arrears owed down from the USD 6.1 bn we had on the books back in June 2024. <strong>The move is part of a wider push to boost domestic production by convincing foreign oil <\/strong><strong>companies to once again start <\/strong><strong>investing here<\/strong>.<\/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>Shareholders of <\/strong><strong>Orascom Construction will meet today to vote <\/strong><strong>on the proposed merger <\/strong><strong>with Netherlands-listed OCI Global<\/strong>, the EGX and ADX-listed company said in a statement <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/1\/845.pdf\" style=\"\" rel=\"noopener\">yesterday (pdf)<\/a>. The transaction is backed by Sustainable Capital Africa Alpha Fund \u2014 the company\u2019s largest shareholder outside the Sawiris family \u2014 despite the fund\u2019s reservations about the share-for-share exchange ratio.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the fate of the deal remains an open question. <\/strong>The merger has been <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/21\/dutch-court-slams-brakes-on-orascom-merger\/\" style=\"\" rel=\"noopener\">widely welcomed<\/a> in MENA, but a Dutch court <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/21\/dutch-court-slams-brakes-on-orascom-merger\/\" style=\"\" rel=\"noopener\">sided on 19 January<\/a> with a group of minority shareholders opposed to the transaction. The court flagged what it said were conflicts of interest and shareholders having to go open ADX brokerage accounts to remain on the cap table. The court also took issue with the standard marketing disclaimer on a third-party research note used to explain the transaction to investors. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where do we go from here?<\/strong> We can\u2019t tell. The court appointed two temporary independent directors who effectively have veto power over any merger. The companies did not respond yesterday to requests for comment.<\/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>Egyptian-Swi<\/strong><strong>ss Business Circle and SwissCham Egypt will host a webinar on the future <\/strong><strong>of talent and leadership today<\/strong>, featuring Boyden executives from Cairo and Zurich. The discussion will touch on how organizations in the Middle East and Europe are rethinking executive pipelines to identify \u201ctomorrow's leaders.\u201d The webinar starts at 10am and runs until 11:30am. You can <a target=\"_blank\" href=\"https:\/\/events.teams.microsoft.com\/event\/c720b826-b61d-4ca9-be5f-38dbb27077a8@dbc5915f-bca3-4990-bc41-524d0cdc750d\" style=\"\" rel=\"noopener\">register<\/a> here.<\/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>It\u2019s da<\/strong><strong>y four of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.weforum.org\/meetings\/world-economic-forum-annual-meeting-2026\/\" style=\"\" rel=\"noopener\">World Economic Forum Annual Meeting<\/a><\/strong><strong> in Davos \u2014 and senior figures <\/strong><strong>from Egypt\u2019s private and public sectors are once again taking the stage. <\/strong>Finance Minister Ahmed Kouchouk will join the panel <a target=\"_blank\" href=\"https:\/\/www.weforum.org\/meetings\/world-economic-forum-annual-meeting-2026\/sessions\/a-prosperity-agenda-for-the-middle-east\/\" style=\"\" rel=\"noopener\">A Prosperity Agenda for the Middle East<\/a>, alongside CIB CEO Hisham Ezz El Arab and others. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Day three was plenty eventful<\/strong>, with President Abdel Fattah El Sisi sitting down with US President Donald Trump to discuss the Gerd dispute among other things. El Sisi also delivered a speech that touched on Egypt\u2019s economic reforms and urged investors to take advantage of the facilities and incentives currently offered. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We dive deeper into what went down during day three of the forum in the news well, below.<\/p><p class=\"tag-border-left\">Happening next week<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>AmCham\u2019s flagship real estate conference takes place next Tuesday, 27 January <\/strong>at the Nile Ritz Carlton, with registration from 8:30am. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Patrick, our editor-in-chief, is moderating a panel on the market for real estate as an <\/strong><strong>investment<\/strong>, with appearances by our friend HIsham Ezz Al-Arab from CIB alongside Hazem Badran from Palm Hills Developments, and Tamer Nasser from City Edge Developments.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/amchamegypt.beefreecontent.com\/ZUqu9-annual-real-estate-conference\" style=\"\" rel=\"noopener\">Tap or click here to check out the full agenda<\/a><\/strong> or <a target=\"_blank\" href=\"https:\/\/www.amcham.org.eg\/events-activities\/events\/online-paid-registration\/1929\" style=\"\" rel=\"noopener\">visit this link to register<\/a>. <\/p><p class=\"tag-border-left\">Smart policy<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt4\"><\/a> <strong>A digital platform to streamline land legalization requests: <\/strong>The Madbouly government launched the <a target=\"_blank\" href=\"https:\/\/nplr.estrdad.gov.eg\/\" style=\"\" rel=\"noopener\">National Platform for Regularizing the Status of State-Owned Land<\/a>, allowing citizens to submit and track requests to legalize their stay on state-owned land online, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/reel\/1185592663787184\" style=\"\" rel=\"noopener\">statement<\/a>. Egypt has a massive backlog of land legalization requests, following the introduction of the regulatory framework that sets out the rules and timeline for the process last year. The framework granted citizens a six-month window to apply to legalize their status.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s about a lot more than just regulation: <\/strong>By ensuring squatters legalize their stay, the state is hoping to attract more investments into state-owned land. <\/p><div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/p><\/div>\n<\/div>\n<\/div><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we 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><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/omny.fm\/shows\/enterpriseam-egypt\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/780.jpg?ssl=1\"><\/a> <\/p><hr style=\"height:2px;border-width:0;color:gray;background-color:gray\"><p class=\"tag-border-left\">The big story abroad <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US President Donald Trump\u2019s about-turn on Greenland and a potential detente betw<\/strong><strong>een the US and the EU is dominating headlines everywhere<\/strong>, after he said the US has <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-21\/trump-holding-off-on-greenland-tariffs-citing-framework-deal?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">agreed on a framework for a future deal<\/a> on the Danish country after meeting with NATO Secretary General Mark Rutte. Trump had earlier threatened to impose tariffs on eight European countries who had opposed his plans to take over Greenland, and the EU bloc was mulling ways to <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/01\/20\/this-morning-imf-sees-mena-growing-3-9-in-2026\/\" style=\"\" rel=\"noopener\">retaliate<\/a>. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax:<\/strong> US stocks rallied on the news, while the USD recovered from an earlier slump this week. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- More Middle East countries have joined the US\u2019 Board of Peace<\/strong>, including Egypt, UAE, Saudi Arabia, Turkey, Jordan, Kuwait, and Qatar. The board is set to begin executing Trump\u2019s 20-step Gaza peace plan, and then reportedly address other global conflicts. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/saudi-arabia-turkey-egypt-jordan-indonesia-pakistan-qatar-uae-join-trumps-board-2026-01-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In AI news, OpenAI CEO Sam Altman has been meeting with investors in the Middle East, including state-backed funds in Abu Dhabi<\/strong>, ahead of a new investment round that could see the ChatGPT maker raise up to USD 50 bn, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-21\/openai-s-altman-meets-mideast-investors-for-50-billion-round?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Siri is set to be revamped and turned into<\/strong> <strong>an AI chatbot<\/strong> as Apple looks to move ahead in the AI race. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-01-21\/ios-27-apple-to-revamp-siri-as-built-in-iphone-mac-chatbot-to-fend-off-openai\" style=\"\" rel=\"noopener\">Bloomberg<\/a>) <\/p><p class=\"tag-border-left\">Morning must-read<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cIf you\u2019re not at the table, you\u2019re on the menu.\u201d <\/strong>When future historians try to explain the world order post Trump II, they\u2019re going to do it through the lens of this speech by Canadian Prime Minister Mark Carney at the World Economic Forum. Invoking V\u00e1clav Havel, Carney declared the rules-based order dead \u2014 a \u201crupture, not a transition\u201d \u2014 and called on middle powers to stop pretending otherwise. Canada\u2019s response: radical diversification, doubling defense spending, and building coalitions issue-by-issue with whoever shares enough common ground to act. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Carney got a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2026\/01\/20\/world\/canada\/carney-speech-davos-trump.html\" style=\"\" rel=\"noopener\">standing ovation<\/a><\/strong><strong> for his remarks <\/strong>earlier this week. He arrived in Switzerland after a swing through China and Qatar to build ties and attract investment. <a target=\"_blank\" href=\"https:\/\/www.pm.gc.ca\/en\/news\/speeches\/2026\/01\/20\/principled-and-pragmatic-canadas-path-prime-minister-carney-addresses\" style=\"\" rel=\"noopener\">Tap or click here to read his remarks<\/a> or catch the speech in full <a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=btqHDhO4h10\" style=\"\" rel=\"noopener\">on Youtube (watch, runtime: 17:08)<\/a>.<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"682600 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=\"682600\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/682600\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682600\" class=\"content-area-description single-story post-682600 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.somabaymun.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/595.jpg?ssl=1\"><\/a><\/span><\/p><div class=\"grouped-tags\">\n<p><span style=\"font-weight:700\">Education with perspective.<\/span><span> At Somabay, learning is about opening minds and shaping perspective. On 23 January, SBMUN will bring young voices together for dialogue, diplomacy, and shared understanding, set within a destination that encourages curiosity, confidence, and a wider view of the world.<\/span><\/p>\n<\/div>\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=\"682601\" 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=\"682601\">\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\/22\/el-sisi-trump-meet-up-on-the-sidelines-of-davos\/\">\r\n                            El Sisi, Trump meet up on the sidelines of Davos                        <\/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\/22\/el-sisi-trump-meet-up-on-the-sidelines-of-davos\/\" 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\/22\/el-sisi-trump-meet-up-on-the-sidelines-of-davos\/')\">\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\/22\/el-sisi-trump-meet-up-on-the-sidelines-of-davos\/\">\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=El Sisi, Trump meet up on the sidelines of Davos&url=https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/el-sisi-trump-meet-up-on-the-sidelines-of-davos\/\">\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\/22\/el-sisi-trump-meet-up-on-the-sidelines-of-davos\/&title=El Sisi, Trump meet up on the sidelines of Davos\">\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=El+Sisi%2C+Trump+meet+up+on+the+sidelines+of+Davos+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F01%2F22%2Fel-sisi-trump-meet-up-on-the-sidelines-of-davos%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\/22\/el-sisi-trump-meet-up-on-the-sidelines-of-davos\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/682648.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"682648\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/el-sisi-trump-meet-up-on-the-sidelines-of-davos\/u-s-president-trump-holds-a-bilateral-meeting-with-egyptian-president-al-sisi-at-the-world-economic-forum-in-davos\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/internal\/682648.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"U.S. President Trump holds a bilateral meeting with Egyptian President al-Sisi, at the World Economic Forum in Davos\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;U.S. President Donald Trump holds a bilateral meeting with Egyptian President Abdel Fattah al-Sisi at the World Economic Forum (WEF) in Davos, Switzerland, January 21, 2026. REUTERS\/Jonathan Ernst&lt;\/p&gt;\n\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/internal\/682648.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/internal\/682648.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682601\" class=\"content-area-description single-story post-682601 post type-post status-publish format-standard has-post-thumbnail hentry category-the-big-story-today tag-abdel-fattah-el-sisi tag-donald-trump tag-enterpriseam 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>Gerd took center stage during a meeting between US President Donald Trump and <\/strong><strong>President Abdel Fattah El Sisi<\/strong> on the sidelines of Davos yesterday <a href=\"https:\/\/www.youtube.com\/watch?v=wQy4Pf5--N4\" target=\"_blank\" rel=\"noopener\">(watch, runtime: 10:11)<\/a>.<\/p>\n<p style=\"padding: 0; margin: 0; line-height: 1.15; orphans: 2; widows: 2; text-align: left;\"><strong>As expected, the meeting touched on Trump\u2019s proposal to mediate the Egypt-Ethiopia <\/strong><strong>dispute over the dam<\/strong>, with Trump saying that it \u201chas become a very dangerous issue \u2026 I\u2019ll see if I can get that back on track.\u201d<\/p>\n<p style=\"padding: 0; margin: 0; line-height: 1.15; orphans: 2; widows: 2; text-align: left;\"><strong>Trump seems to be backing Egypt: <\/strong>\u201cWe're going to do a joint venture of sorts .. They built a dam where somebody's not getting the water that they are supposed to get and that they've gotten for a mn years \u2026 I wouldn't be happy about it,\u201d he said.<\/p>\n<p style=\"padding: 0; margin: 0; line-height: 1.15; orphans: 2; widows: 2; text-align: left;\"><strong>The way forward: <\/strong>\u201cI\u2019m going to try bringing the two of you [El Sisi and Ethiopia\u2019s leader] together, see if we can make a deal,\u201d Trump told El Sisi<\/p>\n<p style=\"padding: 0; margin: 0; line-height: 1.15; orphans: 2; widows: 2; text-align: left;\"><strong>\u201c<\/strong><strong>We have peace in the Midd<\/strong><strong>le East<\/strong>,\u201d Trump reiterated several times during the meeting. \u201cYou might have Hamas where you have a little flame here and there but basically that\u2019ll be taken out \u2026 they will be eliminated,\u201d Trump said.<\/p>\n<p style=\"padding: 0; margin: 0; line-height: 1.15; orphans: 2; widows: 2; text-align: left;\"><strong>Egypt had earlier accepted an invitation from the US to join the Board of Peace for Gaza <\/strong>to oversee the administration and reconstruction of the enclave, according to a <a href=\"https:\/\/www.facebook.com\/share\/p\/1Bt3HAgnHa\/\" target=\"_blank\" rel=\"noopener\">statement<\/a> from the Foreign Ministry.<\/p>\n<p style=\"padding: 0; margin: 0; line-height: 1.15; orphans: 2; widows: 2; text-align: left;\"><strong>El Sisi also delivered a <\/strong><strong>special <\/strong><strong>address<\/strong><strong> to the forum yesterday<\/strong>, calling for all nations to \u201cjoin forces and strengthen cooperation and joint action\u201d to address both geopolitical and economic challenges (<a href=\"https:\/\/www.weforum.org\/meetings\/world-economic-forum-annual-meeting-2026\/sessions\/special-address-by-abdel-fattah-el-sisi-president-of-egypt\/\" target=\"_blank\" rel=\"noopener\">watch, runtime; 33:10<\/a>). The issue of Palestine featured prominently in the speech, with the head of state calling for the need to \u201cbuild on the gains of the Sharm El Sheikh Summit, consolidate the ceasefire, and ensure the flow of humanitarian aid to Gaza without restrictions, while accelerating the launch of the early recovery process and reconstruction in various areas of the strip.\u201d<\/p>\n<p style=\"padding: 0; margin: 0; line-height: 1.15; orphans: 2; widows: 2; text-align: left;\"><strong>The president also used some of his stage time to describe how \u201cdespite the numerous <\/strong><strong>regional and international crises, Egypt was able to continue implementing its ambitious economic reform program.\u201d<\/strong> El Sisi added that these efforts have resulted in a \u201cmarked improvement in economic performance indicators, higher growth rates, and increased private investment flows, along with widespread praise from international financial institutions.\u201d<\/p>\n<p style=\"padding: 0; margin: 0; line-height: 1.15; orphans: 2; widows: 2; text-align: left;\"><strong>El Sisi name-checked the domestic and international business community multiple times in his remarks<\/strong>, noting that Egypt \u201ccontinues to create a business climate attractive to the private sector, considering it a fundamental partner,\u201d per <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/pfbid0s2ekcviZGUucHyQ318uPU8F7xoSNRA4DcY6aapDcrzq3hJ34XresLUMkKHK6dKKVl?rdid=UxzueRwUQ2MN1Nhs\" target=\"_blank\" rel=\"noopener\">a readout from Ittihadiya<\/a>.<\/p>\n<p style=\"padding: 0; margin: 0; line-height: 1.15; orphans: 2; widows: 2; text-align: left;\"><strong>\u201cI urge you to seize these <\/strong><strong>opportunities<\/strong><strong> and take advantage of the advanced <\/strong><strong>infrastructure that Egypt has developed over the past years,\u201d<\/strong> he told the audience. El sisi singled out automotive, pharma, logistics, information technology, and new and renewable energy being particularly attractive to foreign investors.<\/p>\n<p style=\"padding: 0; margin: 0; line-height: 1.15; orphans: 2; widows: 2; text-align: left;\"><strong>Is the president planning a business conference? <\/strong>El Sisi made reference in his remarks to a \u201csession dedicated to business in Egypt\u201d that would take place under his patronage later this year. He called this an \u201cimportant event\u201d but gave no further details.<\/p>\n<p class=\"tag-border-left\">Also from day three<\/p>\n<p style=\"padding: 0; margin: 0; line-height: 1.15; orphans: 2; widows: 2; text-align: left;\"><strong>CIB CEO Hisham Ezz El Arab spoke to <\/strong><strong><a href=\"https:\/\/www.cnbcarabia.com\/147915\/2026\/21\/01\/%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0%D9%8A-%D9%84%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D9%84%D9%80-CNBC-%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9:-%D9%85%D8%B4%D9%83%D9%84%D8%A9-%D9%85%D8%B5%D8%B1-%D9%81%D9%8A-%D8%AD%D8%AC%D9%85-%D8%A7%D9%84%D8%A5%D9%8A%D8%B1%D8%A7%D8%AF%D8%A7%D8%AA-%D9%88%D9%84%D9%8A%D8%B3-%D9%81%D9%8A-%D8%AD%D8%AC%D9%85-%D8%A7%D9%84%D8%AF%D9%8A%D9%86\" target=\"_blank\" rel=\"noopener\">CNBC Arabia<\/a><\/strong> on the current macroeconomic landscape and where he sees interest rates ending the year.<\/p>\n<p style=\"padding: 0; margin: 0; line-height: 1.15; orphans: 2; widows: 2; text-align: left;\"><strong>On our massive debt service bill<\/strong>, he said that it is a revenue problem as much as it is a spending one. The core issue is structural disconnect in public finance \u2014 the Finance Ministry controls only 50% of state revenues, with the remainder trapped with government entities. Ezz El Arab also criticized the tax system for failing to tax high-value activities like land trading and real estate speculation.<\/p>\n<p style=\"padding: 0; margin: 0; line-height: 1.15; orphans: 2; widows: 2; text-align: left;\"><strong>The interest rate outlook: <\/strong>Ezz El Arab expects the central bank to continue its monetary easing cycle this year, so that the year ends with rates standing at 12-13%, as the CBE continues its efforts to anchor inflation and maintain liquidity. The bank ended 2025 with a 100 bps cut, bringing rates to 20.0% for overnight deposit and 21.0% for overnight lending.<\/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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/donald-trump\/\">Donald Trump<\/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=\"682602\" 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 stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-a5yir6w\" data-v=\"4\" data-block-id=\"a5yir6w\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-a5yir6w-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-a5yir6w-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-nlum3km\" data-v=\"4\" data-block-id=\"nlum3km\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-nlum3km-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-nlum3km-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-gxr6ayk\" data-v=\"4\" data-block-id=\"gxr6ayk\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-gxr6ayk-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-gxr6ayk-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-zmgy6ki\" data-v=\"4\" data-block-id=\"zmgy6ki\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-zmgy6ki-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-zmgy6ki-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"682603\" 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=\"682603\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Coffee With<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/egx-boss-on-who-will-ipo-next\/\">\r\n                            EGX boss drops clues on who\u2019s listing next                        <\/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\/22\/egx-boss-on-who-will-ipo-next\/\" 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\/22\/egx-boss-on-who-will-ipo-next\/')\">\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\/22\/egx-boss-on-who-will-ipo-next\/\">\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=EGX boss on who will IPO next&url=https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/egx-boss-on-who-will-ipo-next\/\">\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\/22\/egx-boss-on-who-will-ipo-next\/&title=EGX boss on who will IPO next\">\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=EGX+boss+on+who+will+IPO+next+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F01%2F22%2Fegx-boss-on-who-will-ipo-next%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\/22\/egx-boss-on-who-will-ipo-next\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/862.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"682604\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/egx-boss-on-who-will-ipo-next\/862-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/862.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"862.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/862.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/862.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682603\" class=\"content-area-description single-story post-682603 post type-post status-publish format-standard has-post-thumbnail hentry category-agreements-and-mous-totalling-eur-67-7-bn-inked-at-egypt-eu-investment-conference tag-coffee-with tag-egx tag-enterpriseam 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>EXCLUSIVE- The IPO guessing game just got a bit narrower. <\/strong>We sat down with EGX Chairman Islam Azzam talk over the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/05\/a-banner-year-for-the-egx-built-on-exit-liquidity-2\/\" style=\"\" rel=\"noopener\">EGX30\u2019s historic 40% rally last year<\/a>, why now is the time to launch <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/19\/futures-trading-to-land-on-the-egx-in-march-2\/\" style=\"\" rel=\"noopener\">derivatives and short selling<\/a>, what\u2019s changing on the technology front \u2014 and, most importantly, the question on everyone\u2019s mind: which private-sector companies are heading for an IPO.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We already know <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/30\/the-state-is-gearing-up-for-a-busy-year-for-privatization\/\" style=\"\" rel=\"noopener\">eight private companies<\/a><\/strong><strong> are in active discussions to list<\/strong>, but Azzam offered enough clues to significantly narrow the field. With <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/21\/gourmet-to-temporarily-list-400-mn-shares-on-the-egx-starting-today\/\" style=\"\" rel=\"noopener\">premium grocer and food manufacturer Gourmet<\/a> on deck to start trading as early as next month, the chairman also outlined clear profiles for the remaining candidates, giving the market its strongest signals yet on who could be next.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Is it CapitalMed?<\/strong> In healthcare, it\u2019s not a diagnostics center or lab chain looking to tap the market, but a medical establishment, Azzam said. This makes us think of CapitalMed given there\u2019s been news circulating in local media since last year about the medical hub looking to list on the bourse.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know about CapitalMed: <\/strong>CapitalMed is a large-scale integrated medical city developed by Egyptians for Healthcare Services (EHCS) and located in Badr City. The project brings together multiple hospitals, specialized medical centers, medical education, research, and supporting services. EHCS is a privately-owned joint-stock healthcare developer, led by our friend Dr. Hassan El Kalla as its chairman and managing director. CIRA holds a 28% stake in CapitalMed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In tourism, look for landlords<\/strong>, with Azzam saying that interest isn't coming from hotel operators, but rather from a property owner. Azzam wouldn\u2019t go into more detail, but that made us think of Travco and Pickalbatros, among others.<\/p>\n<p class=\"tag-border-left\">The big picture <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Don\u2019t thank catch-up after devaluation or inflation for the EGX\u2019s record run \u2014 thank the <\/strong><strong>earnings. <\/strong>That\u2019s the message from Azzam, who insists the rally was rooted in corporate profitability. In fact, despite the surge, equities remain undervalued relative to peers and their own history, the exchange boss told us, pointing to robust corporate profitability as the real engine of growth. \u201cThe market is currently trading at a price-to-earnings (P\/E) ratio of 7x, well below its 10-year average of 8.6x,\u201d Azzam noted, adding that Egypt currently holds the lowest valuation multiple among regional peers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>Think of the P\/E ratio as the price tag for every EGP 1 of income a company makes. Calculated by dividing the current share price by earnings per share (EPS), the metric is a quick way to gauge if a stock is cheap or expensive relative to its actual performance. A low P\/E \u2014 like the 7x figure Azzam cited \u2014 typically suggests a stock is undervalued, signaling a potential bargain where the market hasn\u2019t yet priced in the company\u2019s full earning power. Conversely, a high P\/E usually means investors expect massive future growth and are willing to pay a premium now to get in on the action, though it carries the risk that the stock is simply overpriced if that growth doesn\u2019t materialize.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It comes down to efficiency:<\/strong> The top 100 listed companies (EGX100) are delivering an average return on equity of 30% \u2014 outpacing both inflation and interest rates, said Azzam. \u201cThe price is supposed to increase more,\u201d he added, suggesting that the market has yet to fully price in corporate performance.<\/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\">New toys landing on the EGX<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why should you care about the launch of derivatives + short selling? The answer is <\/strong><strong>liquidity. <\/strong>Azzam expects the introduction of derivatives to deepen the market significantly. \u201cIn some markets, liquidity for index derivatives is typically 6x that of the spot market,\u201d Azzam explained. These tools will allow asset managers to hedge systematic risk or speculate on market direction, adding layers of depth to the exchange. The exchange is gearing up to launch index futures and short selling, with Azzam targeting a rollout in the next two months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Don\u2019t fear the shorts: <\/strong>Addressing concerns that short selling could be used to hammer specific sectors like banking, the chairman was dismissive. He likened the mechanism to margin trading \u2014 a neutral tool that aids price discovery rather than distorts it. \u201cLiquidity will increase with short selling,\u201d he said, arguing that short sellers provide a floor during downturns by buying back shares to close positions.<\/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\">New tech products<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>If you\u2019ve been frustrated by the EGX website freezing, relief is on the way.<\/strong> A complete overhaul is expected within three months, alongside a new <strong>E<\/strong><strong>GX Gate<\/strong> mobile app for quotes. And to prep the market for more complex instruments, the exchange is launching <strong>Stock Rider<\/strong>, a simulation tool that will allow investors to test-drive futures and short selling before committing real capital.<\/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\/coffee-with\/\">Coffee With<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"682605\" 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=\"682605\">\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\">Tax<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/finmin-is-tweaking-the-vat-again-and-its-good-news-for-the-private-sector\/\">\r\n                            Egypt\u2019s Finance Ministry is tweaking the VAT again, and it\u2019s good news for the private sector                        <\/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\/22\/finmin-is-tweaking-the-vat-again-and-its-good-news-for-the-private-sector\/\" 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\/22\/finmin-is-tweaking-the-vat-again-and-its-good-news-for-the-private-sector\/')\">\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\/22\/finmin-is-tweaking-the-vat-again-and-its-good-news-for-the-private-sector\/\">\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=FinMin is tweaking the VAT again, and it\u2019s good news for the private sector&url=https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/finmin-is-tweaking-the-vat-again-and-its-good-news-for-the-private-sector\/\">\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\/22\/finmin-is-tweaking-the-vat-again-and-its-good-news-for-the-private-sector\/&title=FinMin is tweaking the VAT again, and it\u2019s good news for the private sector\">\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=FinMin+is+tweaking+the+VAT+again%2C+and+it%E2%80%99s+good+news+for+the+private+sector+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F01%2F22%2Ffinmin-is-tweaking-the-vat-again-and-its-good-news-for-the-private-sector%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\/22\/finmin-is-tweaking-the-vat-again-and-its-good-news-for-the-private-sector\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2510.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"682606\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/finmin-is-tweaking-the-vat-again-and-its-good-news-for-the-private-sector\/2510-jpg-47\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2510.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2510.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2510.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2510.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682605\" class=\"content-area-description single-story post-682605 post type-post status-publish format-standard has-post-thumbnail hentry category-tax tag-enterpriseam tag-finance-ministry tag-tax 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 Finance Min<\/strong><strong>istry is reviewing the VAT Law with a view to scrap exemptions on some <\/strong><strong>goods and service<\/strong><strong>s<\/strong>, a senior government source tells EnterpriseAM. The move is designed to bolster tax revenues while allowing for <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/19\/govt-considers-raising-income-tax-exemption-threshold-next-fiscal-year\/\" style=\"\" rel=\"noopener\">income tax brackets adjustments<\/a> to support low-income earners, the source added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> VAT is one of the state\u2019s primary revenue engines, contributing EGP 428 bn out of a total EGP 961.6 bn in tax revenue during the first five months of the current fiscal year. Despite cooling inflation, revenues are growing due to July\u2019s legislative reforms affecting crude oil, cigarettes, and construction, according to our source.<\/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\">What\u2019s in the cards?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A break for professional services firms? <\/strong>The study proposes reducing the number of table tax items and moving toward the standard rate of 14% instead of the current 10% for industries including professional services and cinema production. The firms would also be allowed to deduct input taxes, boosting their competitiveness against imports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Scrapping training services exemptions: <\/strong>A proposal to end exemptions for training services \u2014 deferred last year \u2014 is back under review, with plans to move these services from a zero-rate to the standard VAT rate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A simplified sugar tax:<\/strong> The Ministry is looking at a unified rate (10% or 14%) for sugar used in manufacturing (juices and beverages) to bypass the complexity of progressive tiers. \u201cWe are moving toward a unified rate to ensure accurate accounting,\u201d the source noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good news for manufacturers:<\/strong> The source expects the proposed VAT amendments to be \u201cwell-received by the private sector.\u201d Currently, goods under the reduced table tax do not enjoy input tax deductions, which can squeeze their margins compared to fully finished imported goods. Moving these items to the standard regime will enhance the competitiveness of local manufacturers by allowing them to recover taxes paid on production inputs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our take:<\/strong> The shift is in line with the Finance Ministry\u2019s recent push to hit the \u201creset\u201d button with the private sector. It also aligns with the IMF recommendations to review tax treatments for 19 specific commodities to raise revenue by 1-2% of GDP annually.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next: <\/strong>Expect the finalized study to be part of the FY 2026-27 budget draft, as the changes require legislative amendments and parliamentary approval.<\/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\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/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=\"682607\" 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=\"682607\">\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\">Transport<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/transport-ministry-preps-tender-for-usd-380-mn-semla-salloum-railway\/\">\r\n                            Egypt preps tender for USD 380 mn Semla-Salloum Railway                        <\/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\/22\/transport-ministry-preps-tender-for-usd-380-mn-semla-salloum-railway\/\" 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\/22\/transport-ministry-preps-tender-for-usd-380-mn-semla-salloum-railway\/')\">\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\/22\/transport-ministry-preps-tender-for-usd-380-mn-semla-salloum-railway\/\">\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=Transport Ministry preps tender for USD 380 mn Semla-Salloum Railway&url=https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/transport-ministry-preps-tender-for-usd-380-mn-semla-salloum-railway\/\">\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\/22\/transport-ministry-preps-tender-for-usd-380-mn-semla-salloum-railway\/&title=Transport Ministry preps tender for USD 380 mn Semla-Salloum Railway\">\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=Transport+Ministry+preps+tender+for+USD+380+mn+Semla-Salloum+Railway+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F01%2F22%2Ftransport-ministry-preps-tender-for-usd-380-mn-semla-salloum-railway%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\/22\/transport-ministry-preps-tender-for-usd-380-mn-semla-salloum-railway\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/858.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"682608\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/transport-ministry-preps-tender-for-usd-380-mn-semla-salloum-railway\/858-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/858.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"858.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/858.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/858.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682607\" class=\"content-area-description single-story post-682607 post type-post status-publish format-standard has-post-thumbnail hentry category-transport tag-enterpriseam tag-rail tag-railways tag-transport 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>Th<\/strong><strong>e Transport Ministry is preparing to take the USD 380 mn Semla-Salloum Railway to a <\/strong><strong>global tender<\/strong>, a government source tells EnterpriseAM. The move signals that the state is moving to lock in the logistics required to support <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/06\/qatar-to-invest-usd-29-7-bn-in-north-coast-project-2\/\" style=\"\" rel=\"noopener\">Qatari Diar\u2019s USD 29.7 bn<\/a> Alam El Roum project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>The Madbouly government is launching a feasibility study on the project. Once wrapped, a tender may be next, offering the project under the public-private partnership model. The project is scheduled to take around two years to complete once construction begins, the source added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Diar has paid USD 3.5 bn for the land and will contribute USD 26.2 bn in in-kind investments to develop the project.<\/p>\n<p class=\"tag-border-left\">What else is in store? <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019re revamping the outdated 262-km railway line to accommodate for the sprawling <\/strong><strong>urban space.<\/strong> A EGP 48.8 mn direct award contract has been issued internally by the Transport Ministry to launch preliminary rehabilitation operations on the project, in anticipation of the launch of a major tender.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rail project has been in the pipeline since 2023<\/strong>, when it was originally included in the government\u2019s transport and road network plans. However, economic conditions have delayed the project\u2019s rollout till now, the source said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">It\u2019s a pull to attract FDI<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why does it matter? The North Coast is no longer just a summer getaway<\/strong> \u2014 it has become a top destination for large-scale foreign investment, including the landmark <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/adq-acquires-development-rights-to-ras-el-hekma-for-usd-24-bn-will-invest-a-further-usd-11-bn-in-real-estate-and-other-prime-projects\/\" style=\"\" rel=\"noopener\">USD 35 bn Ras El<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/adq-acquires-development-rights-to-ras-el-hekma-for-usd-24-bn-will-invest-a-further-usd-11-bn-in-real-estate-and-other-prime-projects\/\" style=\"\" rel=\"noopener\">Hekma agreement with ADQ<\/a> back in 2024. Efforts are underway to attract further agreements to transform the coast into a year-round global destination \u2014 gradually upping population density in tandem with infrastructure expansion.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">A possible link to Libya?<\/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 mulling plans to extend the rail line to Libya, the source tells us, alluding that the project could be the needed momentum to push the larger project into fruition. As it stands, the project would link the railway to the anticipated <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/09\/28\/fuel-price-hike-could-be-days-away\/?repeat=w3tc\" style=\"\" rel=\"noopener\">Gargoub Special Economic Zone<\/a> and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/31\/state-eyes-usd-2-3-bn-in-investment-from-ministries-square-redevelopment-_storyhedweb_-egypt-eyes-usd-2-3-bn-in-investment-from-ministries-square-redevelopment\/\" style=\"\" rel=\"noopener\">Al Jawf Dry Port<\/a> via the <a target=\"_blank\" href=\"https:\/\/www.mped.gov.eg\/singlenews?id=6166&lang=en\" style=\"\" rel=\"noopener\">Salloum Land Port<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This could also serve as a link to wider African trade.<\/strong> The Madbouly government <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/31\/state-eyes-usd-2-3-bn-in-investment-from-ministries-square-redevelopment-_storyhedweb_-egypt-eyes-usd-2-3-bn-in-investment-from-ministries-square-redevelopment\/\" style=\"\" rel=\"noopener\">plans to<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/31\/state-eyes-usd-2-3-bn-in-investment-from-ministries-square-redevelopment-_storyhedweb_-egypt-eyes-usd-2-3-bn-in-investment-from-ministries-square-redevelopment\/\" style=\"\" rel=\"noopener\">invest<\/a> EGP 6 bn in the first phase of a new road project connecting Egypt to Libya and Chad.<\/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\/rail\/\">RAIL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/railways\/\">railways<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"682609 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=\"682609\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/682609\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682609\" class=\"content-area-description single-story post-682609 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.grantthornton.eg\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2099.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=\"682610\" 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=\"682610\">\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\">Startup watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/nowpay-lands-in-ksa-with-usd-20-mn-jv-with-tasheel\/\">\r\n                            NowPay lands in Saudi with USD 20 mn JV with Tas\u2019heel                        <\/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\/22\/nowpay-lands-in-ksa-with-usd-20-mn-jv-with-tasheel\/\" 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\/22\/nowpay-lands-in-ksa-with-usd-20-mn-jv-with-tasheel\/')\">\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\/22\/nowpay-lands-in-ksa-with-usd-20-mn-jv-with-tasheel\/\">\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=NowPay lands in KSA with USD 20 mn JV with Tas\u2019heel&url=https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/nowpay-lands-in-ksa-with-usd-20-mn-jv-with-tasheel\/\">\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\/22\/nowpay-lands-in-ksa-with-usd-20-mn-jv-with-tasheel\/&title=NowPay lands in KSA with USD 20 mn JV with Tas\u2019heel\">\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=NowPay+lands+in+KSA+with+USD+20+mn+JV+with+Tas%E2%80%99heel+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F01%2F22%2Fnowpay-lands-in-ksa-with-usd-20-mn-jv-with-tasheel%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\/22\/nowpay-lands-in-ksa-with-usd-20-mn-jv-with-tasheel\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1212.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"682611\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/nowpay-lands-in-ksa-with-usd-20-mn-jv-with-tasheel\/1212-jpg-23\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1212.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1212.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1212.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1212.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682610\" class=\"content-area-description single-story post-682610 post type-post status-publish format-standard has-post-thumbnail hentry category-startup-watch tag-enterpriseam tag-fintech tag-saudi-arabia tag-startup-watch tag-startups 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>Cairo-based payroll-focused fintech NowPay is launching in Saudi Arabia through <\/strong><strong>NowAccess<\/strong>, a joint venture with our friends at United International Holding Company \u2014 better known as Tas\u2019heel \u2014 according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/1\/591.pdf\" style=\"\" rel=\"noopener\">joint statement (pdf)<\/a>. The move has been in the works since at least January of last year, when the two <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/01\/06\/uihc-to-set-up-new-fintech-company\/\" style=\"\" rel=\"noopener\">first signed an MoU<\/a> for the venture.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi has \u201caccelerating demand for modern payroll, HR, and fintech infrastructure,\u201d and <\/strong><strong>NowAccess is in a prime position to take advantage<\/strong>, NowPay CEO Mostafa Ashour tells EnterpriseAM. NowAccess has an edge that sets it apart from traditional HR and payroll vendors because of its \u201coperating experience building employee wellness products at scale across MENA\u201d and its partnership with local Tas\u2019heel which provides \u201coperational depth and local expertise,\u201d he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The move is backed by a USD 20 mn investment from Tas\u2019heel<\/strong>, which will hold a 75% stake in the new entity, while NowPay holds 25%. They\u2019ll use the cash to build a Saudi engineering and operations team as well as for product localization, and to support their launch in the kingdom. The injection brings NowPay\u2019s total fundraising to USD 31 mn to date.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters:<\/strong> While we\u2019re always keen to hear of Egyptian companies expanding abroad, the move stands out as clever play to bypass the typical hurdles faced by foreign fintechs entering the Kingdom. By partnering with Tas\u2019heel \u2014 the second-largest consumer finance provider in Saudi Arabia with over 310 service locations \u2014 NowPay gains immediate access to a shariah-compliant balance sheet and deep regulatory expertise.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>NowAccess is currently in its market-entry phase, focusing on Saudi-specific market requirements and integrations. Employer partnerships for the Saudi market will be announced as part of the formal rollout.<\/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\/fintech\/\">Fintech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startup-watch\/\">Startup watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"682612\" 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=\"682612\">\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\">Food<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/producers-call-for-an-export-lifeline-as-chicken-prices-dip-below-cost\/\">\r\n                            Egyptian producers call for an export lifeline as chicken prices dip below cost                        <\/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\/22\/producers-call-for-an-export-lifeline-as-chicken-prices-dip-below-cost\/\" 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\/22\/producers-call-for-an-export-lifeline-as-chicken-prices-dip-below-cost\/')\">\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\/22\/producers-call-for-an-export-lifeline-as-chicken-prices-dip-below-cost\/\">\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=Producers call for an export lifeline as chicken prices dip below cost&url=https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/producers-call-for-an-export-lifeline-as-chicken-prices-dip-below-cost\/\">\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\/22\/producers-call-for-an-export-lifeline-as-chicken-prices-dip-below-cost\/&title=Producers call for an export lifeline as chicken prices dip below cost\">\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=Producers+call+for+an+export+lifeline+as+chicken+prices+dip+below+cost+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F01%2F22%2Fproducers-call-for-an-export-lifeline-as-chicken-prices-dip-below-cost%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\/22\/producers-call-for-an-export-lifeline-as-chicken-prices-dip-below-cost\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/864.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"682613\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/producers-call-for-an-export-lifeline-as-chicken-prices-dip-below-cost\/864-jpg-19\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/864.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"864.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/864.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/864.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682612\" class=\"content-area-description single-story post-682612 post type-post status-publish format-standard has-post-thumbnail hentry category-food tag-agriculture tag-enterpriseam tag-food tag-poultry tag-trade 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 poultry surplus \u2014 while great for consumers \u2014 is creating serious challenges for <\/strong><strong>producers.<\/strong> Chicken is trading at EGP 65 per kg \u2014 roughly 7% below the EGP 68-70 cost of production, Egyptian Poultry Association (EPA) President Mahmoud El Anani tells EnterpriseAM. While that means consumers will see the cheapest Ramadan poultry and eggs in two years (with prices down 30-35% year-on-year), it has pushed the industry into a supply glut that producers tell us is unsustainable.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the good news for consumers may be short lived<\/strong>, with breeders potentially stopping future production cycles if the \u201cbleeding\u201d continues, leading to a sudden price spike later down the line, El Anani told us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The escape hatch? Exports. <\/strong>The EPA has submitted an urgent memo to Agriculture Minister Alaa Farouk \u2014 seen by EnterpriseAM \u2014 calling for an immediate push to open export markets in seven African nations, including Ghana, Kenya, and Ivory Coast. The industry has reached 100% self-sufficiency and is currently sitting on a 20% production surplus, which if sold abroad could help raise prices locally so producers can break even.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some relief may soon come from Saudi Arabia<\/strong>, with a meeting set to take place with officials from the Kingdom to discuss their import needs, El Anani said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s also in the state\u2019s financial interests<\/strong>, argues El Anani, pointing to the promotion of poultry exports as a way to turn the sector from a net consumer of hard currency through feed imports to a source of hard currency coming into the country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But any move to begin exporting Egyptian chicken is going to require the necessary <\/strong><strong>logistics infrastructure<\/strong>, as raw chicken \u2014 as anyone who\u2019s left chicken out to defrost a little too long knows only too well \u2014 needs proper refrigeration to not spoil. To export to Africa, Egypt needs the necessary cold storage infrastructure and support, we were told.<\/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\/agriculture\/\">agriculture<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/food\/\">food<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/poultry\/\">poultry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"682614 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=\"682614\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/682614\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682614\" class=\"content-area-description single-story post-682614 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=\"682615\" 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=\"682615\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/medlog-gets-golden-license-for-tenth-of-ramadan-dry-port\/\">\r\n                            Medlog gets golden license for Tenth of Ramadan dry port                        <\/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\/22\/medlog-gets-golden-license-for-tenth-of-ramadan-dry-port\/\" 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\/22\/medlog-gets-golden-license-for-tenth-of-ramadan-dry-port\/')\">\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\/22\/medlog-gets-golden-license-for-tenth-of-ramadan-dry-port\/\">\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=Medlog gets golden license for Tenth of Ramadan dry port&url=https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/medlog-gets-golden-license-for-tenth-of-ramadan-dry-port\/\">\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\/22\/medlog-gets-golden-license-for-tenth-of-ramadan-dry-port\/&title=Medlog gets golden license for Tenth of Ramadan dry port\">\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=Medlog+gets+golden+license+for+Tenth+of+Ramadan+dry+port+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F01%2F22%2Fmedlog-gets-golden-license-for-tenth-of-ramadan-dry-port%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\/22\/medlog-gets-golden-license-for-tenth-of-ramadan-dry-port\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/866.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"682616\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/medlog-gets-golden-license-for-tenth-of-ramadan-dry-port\/866-jpg-18\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/866.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"866.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/866.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/866.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682615\" class=\"content-area-description single-story post-682615 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam tag-infrastructure tag-logistics 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>Logistics giant <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.medlog.com\/en\" style=\"\" rel=\"noopener\">Medlog<\/a><\/strong><strong> secured the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1457405519763197?ref=embed_post\" style=\"\" rel=\"noopener\">golden license<\/a><\/strong><strong> to build and operate the Tenth of <\/strong><strong>Ramadan dry port.<\/strong> The company <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/01\/08\/medlog-to-begin-infrastructure-work-on-tenth-of-ramadan-dry-port-project-this-month-following-final-contract-signing\/\" style=\"\" rel=\"noopener\">broke ground<\/a> on the USD 130 mn, 250-feddan project last year, after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c300f1c5-ae22-4ca2-a261-423df0bfc36a\" style=\"\" rel=\"noopener\">inking the contract<\/a> for the public-private partnership in 2023. It is designed to <a target=\"_blank\" href=\"https:\/\/www.medlog.com\/en\/news\/medlog-10th-of-ramadan-dry-port-project-will-be-showcased-in-transmea-2025\" style=\"\" rel=\"noopener\">handle up to 500k TEUs annually<\/a> once operations begin in 2027.<\/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\/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\/infrastructure\/\">infrastructure<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"682617\" 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=\"682617\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/gcc-debt-markets-to-hit-usd-1-25-tn-this-year\/\">\r\n                            GCC debt markets to hit USD 1.25 tn this year                        <\/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\/22\/gcc-debt-markets-to-hit-usd-1-25-tn-this-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/gcc-debt-markets-to-hit-usd-1-25-tn-this-year\/')\">\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\/22\/gcc-debt-markets-to-hit-usd-1-25-tn-this-year\/\">\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=GCC debt markets to hit USD 1.25 tn this year&url=https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/gcc-debt-markets-to-hit-usd-1-25-tn-this-year\/\">\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\/22\/gcc-debt-markets-to-hit-usd-1-25-tn-this-year\/&title=GCC debt markets to hit USD 1.25 tn this year\">\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=GCC+debt+markets+to+hit+USD+1.25+tn+this+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F01%2F22%2Fgcc-debt-markets-to-hit-usd-1-25-tn-this-year%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\/22\/gcc-debt-markets-to-hit-usd-1-25-tn-this-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/854.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"682618\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/gcc-debt-markets-to-hit-usd-1-25-tn-this-year\/854-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/854.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"854.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/854.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/854.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682617\" class=\"content-area-description single-story post-682617 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-debt-watch tag-enterpriseam 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>GCC debt markets are on track to break the USD 1.25 tn mark in 2026<\/strong> as the region leans into borrowing to fund growth, up from USD 1.1 tn last year, according to Fitch Ratings\u2019 <a target=\"_blank\" href=\"https:\/\/ent.news\/internal\/682396.pdf\" style=\"\" rel=\"noopener\">GCC Debt Capital Markets MENA Monitor 2026 report (pdf)<\/a>. Issuers are borrowing to refinance maturing debt, fund deficits, and bankroll large projects at home, the report said. \u201cContinued investor diversification, a wider range of funding tools and a potentially more supportive global rate environment should help sustain momentum,\u201d Sarah Alyasiri, capital markets analyst at CF Trade, told EnterpriseAM, pointing to \u201ca positive outlook for 2026 and beyond.\u201d<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>In addition to a larger issuance volume, the flashing signal is the funding mix for the region\u2019s massive infrastructure pipeline. With Fitch forecasting oil prices to stay range bound around USD 63\/bbl in 2026, governments and corporates are pivoting to debt to plug funding deficits and keep giga-projects moving. The expected US Federal Reserve rate cuts (forecasted at 3.25% for 2026) will lower borrowing costs just as oil revenues soften, making the bond and sukuk markets the most attractive route for capital.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia and the UAE are expected to be the primary engines<\/strong>, holding a combined 75% of the region's outstanding debt (Saudi at 46%, UAE at 29%). Qatar comes at a distant third, with 12%, followed by Bahrain at 5%, and Kuwait, and Oman at 4% each. Sukuk now make up a record 41% of the total market, with USD-denominated sukuk issuance surging 72% last year, significantly outpacing the 26.1% growth seen in conventional bonds. The GCC accounted for 35% of emerging markets (ex China) USD issuance last year.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s buying: <\/strong>As global portfolios branch out, Asian money has emerged as a steady source of support for GCC debt, Alyasiri added. Gulf bonds and sukuk offer \u201can attractive combination of relatively higher yields, strong credit quality and economic stability,\u201d she said, helping position the region as a competitive alternative to comparable debt in both Asian and developed markets. Quality remains high, with 84% of Fitch-rated sukuk sitting in the investment-grade category, Fitch said.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Kuwait is back: <\/strong>After an eight-year hiatus, Kuwait re-entered the chat with USD 11.25 bn in sovereign bonds, signaling a broader regional return to international markets.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Downside risks: <\/strong>Fitch flagged that local-currency issuance is uneven and largely sovereign-driven, with limited participation from banks and corporates. Outside Saudi Arabia \u2014 where SAR issuance is more active \u2014 most issuers remain reliant on USD markets, leaving funding strategies exposed to global liquidity and rate cycles. The ratings agency also highlighted widening gaps in market sophistication, with Saudi Arabia and the UAE pushing ahead with structural reforms, including fixed-income market-making in Saudi and a broader Islamic finance strategy in the UAE. Qatar expanded its primarydealer framework and, alongside the UAE, issued digitally native notes.<\/p><p class=\"tag-border-left\">What\u2019s next<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Watch for a rise in alternative funding: <\/strong>While public markets are growing, Fitch notes that Saudi issuers are increasingly utilizing private credit and syndicated financing to diversify their toolkit.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also expect a surge in capital instruments:<\/strong> \u201cIf economic growth continues north of 4%, [Saudi] banks need to expand their capitalization and revisit their risk matrix so it fits better with what\u2019s going on in the economy, which is very serious,\u201d Ihsan Buhulaiga, a Saudi economist, told the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c5a49529-639c-42d7-b9ba-c611d756623c\" style=\"\" rel=\"noopener\">Financial Times<\/a>. \u201cYou cannot just sit pretty and say \u2018OK, we\u2019ll continue as usual as we used to do in 2010.\u2019 No, things are different now.\u201d Saudi banks\u2019 loan-to-deposit ratio climbed to around 106.2% by 9M 2025, well above UAE peers at roughly 75%, according to <a target=\"_blank\" href=\"https:\/\/www.alvarezandmarsal.com\/press-release\/alvarez-marsal-releases-saudi-arabia-banking-pulse-for-q3-2025\" style=\"\" rel=\"noopener\">a report<\/a> by Alvarez &amp; Marsal, reflecting how credit growth has outpaced deposit inflows and pushed banks toward external funding sources. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(** Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p><p class=\"tag-border-left\"> MARKETS THIS MORNING- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Markets are rebounding from this week\u2019s bout of volatility, riding the high of US President Donald Trump walking back on previous threats to impose tariffs on EU countries over Greenland. Asia-Pacific markets are uniformly in the green in early trading, led by South Korea\u2019s Kospi, buoyed by Samsung SDI, Samsung Electronics, and Doosan. US markets are also on track to open in the green later today on the same tailwinds. <\/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\">46,049<\/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: +10.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 47.32<\/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 47.46<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CIB) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 47.34<\/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 47.44<\/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\">10,948<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +4.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,206<\/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: +2.1%)<\/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>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\">6,397<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: +5.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500 <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,876<\/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\">+1.2% (YTD: +0.4%)<\/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\">10,138<\/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: +2.1%)<\/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>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\">5,883<\/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: +1.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 65.28<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1%<\/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>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 5.04<\/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\">+3.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 4,787<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 89,988<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.8% (YTD: +2.7%)<\/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\">1,003.71<\/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: +1.1%)<\/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\">515.17<\/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: -0.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">16.90<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-15.9% (YTD: +13.0%)<\/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 <\/strong><strong>yesterday\u2019s<\/strong><strong> close<\/strong> on turnover of EGP 8.6 bn (58.7% above the 90-day average). Regional investors were the sole net buyers. The index is up 10.1% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Abu Qir Fertilizers (+3.6%), Arabian Cement (+3.1%), and Palm Hills Developments (+2.8%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Orascom Construction (-2.8%), Egypt Aluminum (-2.1%), and Beltone Holding (-1.6%).<\/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\/debt-watch\/\">debt watch<\/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=\"682619\" 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=\"682619\">\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\">My Morning Routine<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/my-morning-routine-mohamed-aladdin-general-partner-at-dpi-venture-capital\/\">\r\n                            My Morning Routine: Mohamed Aladdin, general partner at DPI Venture Capital                        <\/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\/22\/my-morning-routine-mohamed-aladdin-general-partner-at-dpi-venture-capital\/\" 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\/22\/my-morning-routine-mohamed-aladdin-general-partner-at-dpi-venture-capital\/')\">\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\/22\/my-morning-routine-mohamed-aladdin-general-partner-at-dpi-venture-capital\/\">\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=My Morning Routine: Mohamed Aladdin, general partner at DPI Venture Capital&url=https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/my-morning-routine-mohamed-aladdin-general-partner-at-dpi-venture-capital\/\">\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\/22\/my-morning-routine-mohamed-aladdin-general-partner-at-dpi-venture-capital\/&title=My Morning Routine: Mohamed Aladdin, general partner at DPI Venture Capital\">\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=My+Morning+Routine%3A+Mohamed+Aladdin%2C+general+partner+at+DPI+Venture+Capital+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F01%2F22%2Fmy-morning-routine-mohamed-aladdin-general-partner-at-dpi-venture-capital%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\/22\/my-morning-routine-mohamed-aladdin-general-partner-at-dpi-venture-capital\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/860.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"682620\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/22\/my-morning-routine-mohamed-aladdin-general-partner-at-dpi-venture-capital\/860-jpg-25\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/860.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"860.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/860.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/860.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682619\" class=\"content-area-description single-story post-682619 post type-post status-publish format-standard has-post-thumbnail hentry category-my-morning-routine tag-development-partners-international tag-enterpriseam tag-my-morning-routine tag-venture-capital 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>Mohamed Aladdin, general partner at DPI Venture Capital: <\/strong>Each week, My Morning Routine looks at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. Speaking to us this week is DPI Venture Capital General Partner Mohamed Aladdin <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/mohamedaladdin1?miniProfileUrn=urn%3Ali%3Afs_miniProfile%3AACoAAA5-fF8BZCZaSoX2Zy-txnhSBpNH_QXSF1o\" style=\"\" rel=\"noopener\">(LinkedIn)<\/a>. <strong>Edited excerpts from our conversation:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My name is Mohamed Aladdin. I\u2019m a general partner of <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dpi-llp.com\/our-strategies\/dpi-venture-capital\/\" style=\"\" rel=\"noopener\">DPI Venture Capital<\/a><\/strong><strong> \u2014 the venture <\/strong><strong>capital arm of Development Partners International. <\/strong>We are a fintech-enabled-focused fund. As a general partner, I look after many topics across the firm \u2014 from investments to portfolio management, fundraising, and fund operations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I\u2019ve been working in the venture capital space in <\/strong><strong>the Middle East and Africa<\/strong><strong> since 2020 <\/strong>\u2014 first for a Dubai-based fund that operates in the Middle East and Africa, where I covered early-stage investments, with a main focus on series A and beyond. Prior to MENA, I worked with a couple of corporate venture capital firms based out of Germany investing in late-stage and growth-stage technology companies across the US and Europe, which spanned multiple domains, such as SaaS, fintech, mobility, and other sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I then moved and shifted my focus toward emerging markets.<\/strong> I started with Southeast Asia and some parts of Africa before moving back to the region to join Global Ventures, then Development Partners International to build the venture capital platform alongside my partner, Ashley Lewis. Now as DPI Venture Capital, we advise the biggest fintech-focused venture capital fund in Africa, the Nclude fund. I think of myself more as an operator-turned-investor, rather than following the traditional finance path to crack into the world of private equity and venture capital. Given my background, which spans tech strategy, business development, product management, and venture capital, among other things, I'm really passionate about unlocking capital to empower mission-driven founders to build innovative solutions that solve real problems in underserved markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DPI is a private equity firm founded in 2007. <\/strong>We've been in the market for 18 years. It started as a private equity fund manager advising multiple funds focusing on Africa, which has been the main market. Now, after eighteen years, DPI has grown to advise more than USD 3.3 bn in assets under management. The firm has portfolio companies in more than 20 countries in Africa that are active in 44 markets across the continent. This year was big for DPI on the VC side, with the official launch of DPI Venture Capital. We\u2019ve completed the transaction of advising the Nclude fund, the largest fintech-focused fund for Africa, and advised on 12 new VC investment transactions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We are very long-term partners in the Egyptian market. <\/strong>We've contributed over USD 1 bn out of our total assets under management to investments just in Egyptian markets. On the investment side, I primarily focus on venture capital. I look into sourcing and screening new investment windows, vetting their investment rationale, conducting due diligence and negotiating transaction terms, as well as assessing and vetting follow-on capital into our existing portfolio companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The portfolio management side takes a big portion of my day<\/strong>, as I work across our 13 portfolio companies to date. I look at their needs and how we can help and support them. I'm also an active board director and observer across multiple boards within our portfolio companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> We have our first fund, which is called Nclude <\/strong>\u2014 it\u2019s a fintech-enabled fund that focuses on Egypt, the Middle East, and Africa. DPI acts as the fund\u2019s advisor. We invest all the way from seed stages to series C, and we're very long-term partners to our companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One of the biggest trends within the fintech space that we are currently focusing on at <\/strong><strong>DPI \u2014 and are very excited about \u2014 is how AI will enable big changes in core financial services.<\/strong> AI is redefining major software concepts and business models that the entire technology market was heavily relying on, such as SaaS. It\u2019s redefining how we think about solutions and the way that we solve problems \u2014 not only from an efficiency perspective, but from accuracy, speed, and scalability too. It\u2019s also solving new problems that were not visible prior to unlocking AI capabilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> I like to wake up early, but I also believe in a good amount of sleep and a good sleep <\/strong><strong>cycle<\/strong>, so I like to get at least seven hours a day. It really helps a lot with my focus and energy. I usually wake up around 6:30am, and I\u2019m up and running by 7am. I take one hour just for myself, in silence \u2014 getting my coffee, reflecting on yesterday, and thinking of the priorities I would like to achieve, and what I need to do today.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Then, I take the second hour of the day to get a sense of where the market is at<\/strong>, since my job demands a lot of market awareness. If there is no major news that I need to dive deeper into, I use the second hour to either read a little bit about a new topic of interest, or to listen to podcasts \u2014 it really depends on my mood and the day. With everything that\u2019s been happening over the past few years \u2014 from trade wars to macroeconomic shifts and changes in market microdynamics \u2014 it helps us a lot as fund managers to stay on top of global and local market dynamics on a daily basis.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Then, I check my email and set two or three priorities for the day<\/strong>, balancing between personal and professional targets. I then kick off my day with external meetings, usually at 10am.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I have yearly goals, but I try to break them down into smaller tasks. <\/strong> By the end of the day, I look at one or two things that I've done differently. I do the same reflection on a weekly and monthly basis. Measuring progress and reflecting on route optimization, if required, to achieve my yearly goals. It doesn't have to be work-related; it can be anything personal \u2014 whether it\u2019s family or a call to a friend I haven't been in touch with for a while.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Coffee is for sure a constant in my day, as well as my hour of silence in the morning.<\/strong> I also like to call my mom and make sure that she\u2019s ok and having a good morning. On the professional side, it\u2019s definitely checking emails, making sure that we're on top of things, and setting a priority for each day. If I don't set my priorities and daily goals, the day will kind of scramble in different directions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In order to achieve a goal, it\u2019s not easy. <\/strong>You need to make some sacrifices and understand that sometimes you need to work very long hours. But you also need to be conscious that sometimes, you need to have a break, because resting is working. You can go for two or three weeks, maybe without a proper weekend, and that\u2019s fine, but you also need to understand your limitations, your body\u2019s needs, and feel them accordingly. Keeping your physical and mental health in line is really important.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About 70-80% of my holidays and days off are spent going on a quick scuba diving trip. <\/strong> Being under the water is a type of meditation; you disconnect completely from whatever is on the ground. Looking at how marine life interacts with each other puts me in a very different mindset.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One book that I really like is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.goodreads.com\/book\/show\/10127019-the-lean-startup\" style=\"\" rel=\"noopener\">The Lean Startup<\/a><\/strong><strong> by Eric Ries.<\/strong> It's kind of a playbook that\u2019s great not only from a business-building perspective, but also for life generally. The first concept it introduces is the mindset of trying out things in a very minimal way, instead of going all in, and how it can help shape our perspectives. I\u2019ve applied these concepts in my personal life, even more so than in my professional life.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I also like to spend some time whenever I can to listen to the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/me\/podcast\/the-twenty-minute-vc-20vc-venture-capital-startup\/id958230465\" style=\"\" rel=\"noopener\">20VC<\/a><\/strong><strong> podcast<\/strong>; it\u2019s a great way to hear diverse investor perspectives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a professional level, my priority in the near future is to ensure that DPI Venture <\/strong><strong>Capital delivers on its promise of generating meaningful returns for its investors<\/strong>, as we're looking at an almost 10-year fund cycle. I\u2019m also focusing on creating impact through our investments, whether by opening new doors for growth, building new kinds of regional players, changing the way that people interact, and making life easier for businesses and consumers in a healthy and meaningful way.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>I really believe a lot in ethical investment, and it's something I work toward. <\/strong>It is all too common for technology to use visual triggers to encourage impulsive buying, placing profit over the actual well-being of the user. I strive to operate differently by prioritizing the customer's needs over playing on the impulsiveness of the consumer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>My favorite advice that I\u2019ve been given in my professional career is to not chase what\u2019s <\/strong><strong>popular, but solve what\u2019s painful. <\/strong>It was given to me by a previous manager and mentor I was working with many years ago. There is a lot of hype-driven investing in our industry, and I think it\u2019s always a matter of checking if a startup is simply popular or if it is actually solving a major pain point.<\/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\/development-partners-international\/\">Development Partners International<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/my-morning-routine\/\">MY MORNING ROUTINE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/venture-capital\/\">venture capital<\/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=\"682621\" 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\/22\/682621\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-682621\" class=\"content-area-description single-story post-682621 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;\">19-23 January (Monday-Friday): World Economic Forum Annual Meeting, Davos-Klosters, Switzerland<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22 January (Thursday): ESBC <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/posts\/egyptian-swiss-business-circle_seeing-webinar-series-swiss-egyptian-expertise-activity-7407380702054367233-Z43h?utm_source=share&utm_medium=member_desktop&rcm=ACoAACeyGZ4BK15sJ_E7AkAyYjPtsSlJdB9daH8\" style=\"\">SEEING<\/a><\/span><span style=\"font-weight:400;\"> webinar, From Zurich to Cairo: How Global Executive Research Shapes Tomorrow\u2019s Leadership.<\/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 style=\"font-weight:400;\">3 February (Tuesday): S&P Global to release PMI figures for 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;\">10 February (Tuesday): Capmas expected to release inflation data for January.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 February (Tuesday-Thursday): Gitex Global\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/share\/p\/1QkF8DUZBj\/\" style=\"\">AI Everything Middle East & Africa<\/a><\/span><span style=\"font-weight:400;\"> Summit <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">12 February (Thursday): Monetary Policy Committee\u2019s first meeting of 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: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 of 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: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 of 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: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 of 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:400;\">23 July (Thursday): National holiday in observance of Revolution Day (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">AUGUST<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">20 August (Thursday): Monetary Policy Committee\u2019s fifth meeting of 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: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 of 2026. <\/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 of 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;\">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 of 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;\">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>Coffee with EGX boss | Slashing arrears | NowPay lands in Saudi | More changes to VAT?<\/p>\n","protected":false},"featured_media":682597,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-682596","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"9fb6aedc-63d8-46f7-9f22-5cfe8f0594eb","teaser":"Coffee with EGX boss | Slashing arrears | NowPay lands in Saudi | More changes to VAT?","photo_url":"https:\/\/ent.news\/2026\/1\/868.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>Trump again says he\u2019s backing Egypt on Gerd - 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\/trump-again-says-hes-backing-egypt-on-gerd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump again says he\u2019s backing Egypt on Gerd\" \/>\n<meta property=\"og:description\" content=\"Coffee with EGX boss | Slashing arrears | NowPay lands in Saudi | More changes to VAT?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-22T04:31:02+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/868.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/\",\"name\":\"Trump again says he\u2019s backing Egypt on Gerd - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/868.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2026-01-22T00:00:00+00:00\",\"dateModified\":\"2026-01-22T04:31:02+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/868.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/868.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Trump again says he\u2019s backing Egypt on Gerd\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Trump again says he\u2019s backing Egypt on Gerd - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/","og_locale":"en_US","og_type":"article","og_title":"Trump again says he\u2019s backing Egypt on Gerd","og_description":"Coffee with EGX boss | Slashing arrears | NowPay lands in Saudi | More changes to VAT?","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2026-01-22T04:31:02+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/868.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/","name":"Trump again says he\u2019s backing Egypt on Gerd - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/868.jpg?fit=%2C&ssl=1","datePublished":"2026-01-22T00:00:00+00:00","dateModified":"2026-01-22T04:31:02+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/868.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/868.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/trump-again-says-hes-backing-egypt-on-gerd\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/egypt\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Trump again says he\u2019s backing Egypt on Gerd"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/682596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/682596\/revisions"}],"predecessor-version":[{"id":682643,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/682596\/revisions\/682643"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/682597"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=682596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=682596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=682596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}