{"id":696819,"date":"2026-04-28T00:00:00","date_gmt":"2026-04-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=696819"},"modified":"2026-04-28T02:45:44","modified_gmt":"2026-04-28T02:45:44","slug":"inbound-ho-us-turkish-and-chinese-companies-are-piling-into-egypt","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/inbound-ho-us-turkish-and-chinese-companies-are-piling-into-egypt\/","title":{"rendered":"Inbound, ho! US, Turkish, and Chinese companies are piling into Egypt"},"content":{"rendered":"<section id=\"696821\" 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=\"696821\">\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\u2019RE TRACKING TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/firms-line-up-to-quarterback-the-states-ipo-program\/\">\r\n                            Everyone wants a piece of the action                        <\/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\/04\/28\/firms-line-up-to-quarterback-the-states-ipo-program\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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We are leading this morning with a cross-border M&A and more good news, including the Suez Canal Economic Zone\u2019s ability to lure in Turkish textile giants and Chinese logistics heavyweights.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In other good news: <\/strong>The State-Owned Enterprises Unit is reportedly courting pitches from local investment banks to quarterback its upcoming IPO pipeline. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><\/p>\n<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=\"\">WISH THIS MORNING\u2019S ISSUE was a podcast? We\u2019ve got you. Tap or click here<\/a><\/strong> to listen to Morning Drive, a 10-minute version of today\u2019s issue crafted for you to enjoy with your morning coffee, while getting the kids ready for school, <strong>or while stomping around the house wondering where the [redacted] you left your [redacted] reading glasses.<\/strong><strong>***<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p class=\"tag-border-left\">The IPO scrimmage line<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>Investment bankers are lining up to quarterback the state\u2019s upcoming IPO program.<\/strong> EFG Hermes, CI Capital, Al Ahly Pharos, and Arqaam Capital have reportedly all submitted bids to the State-Owned Enterprises Unit, an unnamed government official told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/129940\/4-%D8%A8%D9%86%D9%88%D9%83-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D8%AA%D8%AA%D9%82%D8%AF%D9%85-%D9%84%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9-%D8%B7%D8%B1%D9%88%D8%AD%D8%A7%D8%AA-%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%AD%D9%83%D9%88%D9%85%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D9%85%D8%B5%D8%B1\/\" style=\"\">the Arabic press<\/a>. This interest comes as the state looks to expand its temporary listing <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/16\/egypt-targets-30-temporary-egx-listings-by-end-of-june\/\" style=\"\">pipeline to 30 companies<\/a> across various sectors before the fiscal year ends in June to keep the IMF onside.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- <\/strong>The government has so far been padding the IPO tape <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/26\/more-state-owned-companies-temporarily-list-on-the-egx\/\" style=\"\">with temporary listings<\/a> \u2014 most recently, El Nasr Housing and Development, Sinai Manganese, and Spring and Transport Equipment Manufacturing earlier this week. These are essentially administrative filings that get companies onto the EGX to satisfy IMF requirements before the real float.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Phase 4 execution of the program stalled at 7.5% \u2014 only USD 142 mn of a USD 1.9 bn target.<\/strong> This lull is expected to give way to an uptick in activity in 2H 2026. \u201cMost likely in the second half of this year, we will be back to the IPO momentum. Hopefully, starting with Banque du Caire, which is already [temporarily] listed,\u201d Hany Genena, head of research at Al Ahly Pharos, tells EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BdC met strong investor appetite in an early look roadshow before the start of the war in the Gulf<\/strong>, with potential cornerstone investors from the Gulf, London, and New York all expressing strong interest in the story.<\/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\">Bills, bills, and bills<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>The Central Bank of Egypt (CBE) tapped its USD-denominated T-bill <\/strong><strong>program yesterday<\/strong>, selling USD 934 mn in 364-day paper at an average yield of 4.0%, according to its <a target=\"_blank\" href=\"https:\/\/www.cbe.org.eg\/en\/auctions\/usd-t-bills\" style=\"\">website<\/a>. The new issuance is likely to refinance a USD 985 mn tranche due today. It was priced at an average yield of 4.25% when it was originally auctioned a year ago.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Back in February \u2014 prior to regional tensions \u2014 the CBE squeezed borrowing costs down to 3.5% on its 364-day USD paper. That was a big W compared with the 4.25% it was paying the year before. Yesterday\u2019s sale kept that streak alive, albeit at a higher rate.<\/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 play on the Med<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government is moving to build a USD 600 mn integrated petroleum <\/strong><strong>logistics zone at Alexandria Port<\/strong>, a government source tells the <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/power\/129943\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%AA%D8%AC%D9%87-%D9%84%D8%A5%D9%86%D8%B4%D8%A7%D8%A1-%D9%85%D9%86%D8%B7%D9%82%D8%A9-%D9%84%D8%AA%D8%AF%D8%A7%D9%88%D9%84-%D8%A7%D9%84%D9%85%D9%86%D8%AA%D8%AC%D8%A7%D8%AA-%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84%D9%8A%D8%A9\/\" style=\"\">Arabic press<\/a>. The first phase will cover some 300k sqm and include a 900-meter marine berth as part of a wider Greater Alexandria Port development.<\/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 Transport and Oil Ministries are still wrapping up contracts, including the usufruct fee payable to the Alexandria Port Authority and a financing structure that blends foreign and local currencies. Full details \u2014 including partners and equity splits \u2014 are expected to be announced soon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Red Sea is already in play:<\/strong> Alongside <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/15\/food-and-other-light-industries-can-move-inside-city-limits\/\" style=\"\">efforts to rent our warehouses<\/a> on the Red Sea for crude oil and refined products to AD Ports, we have <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/09\/ten-red-sea-facilities-in-egypt-open-as-gcc-producers-run-out-of-space\/\" style=\"\">offered 10 crude and petroleum storage facilities<\/a> for lease on the east coast to attract oil deliveries from Saudi Arabia, Kuwait, Iraq, and Qatar. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND- <\/strong>We have around 29 mn barrels of spare storage across our main ports \u2014 a figure that positions Egypt as a viable option for traders looking for optionality and a strategic location. The country operates 19 commercial ports, 14 under development, and nearly 79 petroleum storage facilities built or upgraded in recent years. <\/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 logistics link with Russia? <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>The Trans<\/strong><strong>port Ministry is mulling a logistics corridor with Russia<\/strong>, connecting container terminals and industrial zones on the Red Sea and the Mediterranean to Russian Black Sea ports and the Northern Sea Route. This emerged during a meeting between the Transport Ministry and Russia\u2019s Maritime Board, which saw the two sides <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02u8h7zx6SSsJsFeqYcUTyouXMHnhRS3WGvN3DPUWbEBaY4stN8b78KxKNF545bY9gl\" style=\"\">ink an MoU<\/a> to boost cooperation in the maritime transport sector and localize shipbuilding in Egypt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>A link between the two nations would provide the infrastructure needed to realize Russian President Vladimir Putin\u2019s <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/05\/egypt-begins-work-from-home-experiment-to-cut-energy-use-amid-wartime-pressures\/\" style=\"\">proposed<\/a> grain and energy hub in Egypt. The project would position Egypt as a key logistics and storage center for Russian exports to Africa and the Middle East.<\/p>\n<p class=\"tag-border-left\">PSA<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>It\u2019s a bit warmer in Cairo today, though still a breezy spring day, with a high of 29\u00b0C and a low of 17\u00b0C, according to our favorite weather app.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s several degrees cooler in Alexandria<\/strong>, with a high of 24\u00b0C and a low of 14\u00b0C.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/sub.ent.news\/menaplus\/\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1023.jpg?ssl=1\"\/><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meet EnterpriseAM MENA+, our new flagship newsletter<\/strong> covering the flows of capital, people, and ideas across the Middle East \u2014 and beyond it.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MENA+ covers AI and tech \u2014 and geopolitics, the war for talent<\/strong>, which BSD is on top (and who's gunning for them), the changing energy economy, new corridors to India and China, and much, much more.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s with the \u201c+\u201d in MENA+? <\/strong>We think one of the most powerful stories in the region is the *export* of ideas and capital not just to neighboring regions (Asia, the Stans) but to international financial centers. MENA countries are jockeying for position in the new global economy now taking shape, and we're going to shape that conversation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/sub.ent.news\/menaplus\/\" style=\"\">Tap or click here to get your own copy<\/a><\/strong> delivered to your inbox every Monday, Wednesday, and Friday at 12pm UAE | 11am KSA | 11am Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">The big story abroad <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It is a pretty qui<\/strong><strong>et morning on the global front pages<\/strong>, with the latest on the US-Iran negotiations getting top billing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where do the peace talks stand? <\/strong>It is unlikely that we\u2019ll see any progress in the talks between the US and Iran anytime soon. US President Donald Trump is <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2026\/04\/27\/us\/trump-iran-proposal.html\" style=\"\">reportedly dissatisfied<\/a> with Iran\u2019s latest proposal, which calls for an end to the US naval blockade, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/iranian-foreign-minister-heads-russia-trump-says-call-us-negotiate-2026-04-27\/\" style=\"\">deferring discussions<\/a> regarding Iran\u2019s nuclear program until after the war is over. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We\u2019ll be waiting to hear from Trump<\/strong> after the White House Press Secretary <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-04-27\/iran-suggests-interim-deal-to-us-to-reopen-hormuz-axios-says?srnd=homepage-middle-east\" style=\"\">told<\/a><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-04-27\/iran-suggests-interim-deal-to-us-to-reopen-hormuz-axios-says?srnd=homepage-middle-east\" style=\"\">reporters<\/a> that he will address the matter very soon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- <\/strong><strong>It\u2019s da<\/strong><strong>y one of what could be Jerome Powell\u2019s final Fed meeting as Chair. <\/strong>The central bank is widely expected to keep rates unchanged as it looks to limit the impact of the regional war and higher energy prices. It\u2019s a big week for monetary policy, with the central banks of the UK, EU, and Japan set to make rate decisions in the coming days. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, in the world of finance: <\/strong>The value of the fund finance market has <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-04-27\/private-credit-boom-turns-fund-finance-into-1-trillion-market\" style=\"\">ballooned<\/a><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-04-27\/private-credit-boom-turns-fund-finance-into-1-trillion-market\" style=\"\">beyond USD 1 tn<\/a>, according to a Moody\u2019s Ratings report. The industry is surging as private credit funds multiply and a dealmaking slump forces private equity firms to seek frequent injections of banknotes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/239.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> EnterpriseAM\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue: <\/strong>We\u2019re exploring Egypt\u2019s potential to pivot from a lithium importer to an energy storage pioneer, leveraging homegrown salt-based batteries to accelerate our renewable buildout.<\/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\/privatization-watch\/\">privatization watch<\/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=\"696823 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=\"696823\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/696823\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-696823\" class=\"content-area-description single-story post-696823 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.thetrifactory.com\/SomabayEnduranceFestival2026\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/987.jpg?ssl=1\"><\/a><\/span><\/p><div class=\"grouped-tags\">\n<p><span style=\"font-weight:400;\">From 7\u20139 May, the Somabay Endurance Festival returns to the Red Sea for Egypt\u2019s leading multi-sport challenge, where swimming, cycling, and running meet one of the region\u2019s most iconic coastal destinations.<\/span><\/p>\n<p><span style=\"font-weight:400;\">This year also introduces a new racing venue and enhanced endurance course experience, elevating the competition and athlete journey even further.<\/span><\/p>\n<p><span>In partnership with The TriFactory, Somabay continues to lead the way in sports tourism, active lifestyle experiences, and world-class events. Register <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.thetrifactory.com\/SomabayEnduranceFestival2026\" style=\"\">here<\/a><\/span><span>.<\/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=\"696824\" 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=\"696824\">\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\/04\/28\/inventel-fully-acquires-adtech-startup-amzolute\/\">\r\n                            Amzolute exit                        <\/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\/04\/28\/inventel-fully-acquires-adtech-startup-amzolute\/\" 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\/04\/28\/inventel-fully-acquires-adtech-startup-amzolute\/')\">\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\/04\/28\/inventel-fully-acquires-adtech-startup-amzolute\/\">\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=InvenTel fully acquires adtech startup Amzolute&url=https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/inventel-fully-acquires-adtech-startup-amzolute\/\">\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\/04\/28\/inventel-fully-acquires-adtech-startup-amzolute\/&title=InvenTel fully acquires adtech startup Amzolute\">\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=InvenTel+fully+acquires+adtech+startup+Amzolute+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F04%2F28%2Finventel-fully-acquires-adtech-startup-amzolute%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\/04\/28\/inventel-fully-acquires-adtech-startup-amzolute\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1409.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"696825\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/inventel-fully-acquires-adtech-startup-amzolute\/1409-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1409.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1409.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1409.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1409.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-696824\" class=\"content-area-description single-story post-696824 post type-post status-publish format-standard has-post-thumbnail hentry category-the-big-story-today tag-advertising tag-ai tag-amazon tag-enterpriseam tag-ma-watch tag-the-big-story-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Cairo-based <\/strong><strong>adtech<\/strong><strong> startup <\/strong><strong><a target=\"_blank\" href=\"https:\/\/amzolute.com\/\" style=\"\">Amzolute<\/a><\/strong><strong> sold 100% of its business to US<\/strong><strong>-based <\/strong><strong>product <\/strong><strong>commercialization firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/inventel.tv\/about-us\/\" style=\"\">InvenTel<\/a><\/strong>, its now-former CEO and co-founder Ahmed El Hefny tells EnterpriseAM. Neither party disclosed the terms of the transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Amzolute is a verified Amazon ads partner with direct access to Amazon\u2019s ad stack.<\/strong> The company runs campaigns for over 850 brands in over eight countries, including the US, UK, UAE, and Saudi Arabia, generating some USD 92 mn in client sales with a reported 4.3x average return on ad spend.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- Think of Amzolute as an intelligence layer for Amazon sellers.<\/strong> It runs their ads, optimizes how their products appear in search, and tweaks pricing and listings to turn traffic into sales. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What caught InvenTel\u2019s attention? The people and the systems. <\/strong>\u201cThere are not many teams in the region with this level of expertise in marketplace management at scale\u2026 the value was in the combination: strong partnerships, real traction, an incredible team, and systems that made performance more scalable,\u201d Hefny tells us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beyond the acquisition:<\/strong> Hefny will no longer have a role in, or involvement in with, the company. Amzolute\u2019s next phase will be centered around building on what already exists and scaling the business through InvenTel\u2019s wider platform and reach, he says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is about closing the loop: <\/strong>InvenTel\u2019s job is to brand and market consumer products, moving them through sourcing, commercial production, and direct-response marketing. So, bringing Amzolute in-house is likely a vertical integration play, giving InvenTel direct control over how these products rank, compete, and convert once the customer is on-platform.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The exit follows a string of local plumbing plays snapped up by US buyers. <\/strong>Just last month, US-based AI adtech firm Converted <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/15\/converted-acquires-egyptian-fashion-platform-mitcha\/\" style=\"\">fully acquired<\/a> fashion marketplace Mitcha, folding its platform and merchant base into a broader data-driven commerce stack. This follows Miami-based Aleph\u2019s <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/14\/a15-sells-controlling-stake-in-connect-ads-to-us-outfit-aleph-holding\/\" style=\"\">2021 acquisition<\/a> of an 86% stake in Connect Ads, which marked a dragon exit for A15 and validated Cairo as a high-margin service hub for global digital media.<\/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\/advertising\/\">Advertising<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/amazon\/\">Amazon<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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=\"696826\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper 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href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/textiles-logistics-mini-yiwu-turkey-and-china-pitch-multi-bn-usd-pipeline-of-projects\/\">\r\n                            Pipelines and benjamins                        <\/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\/04\/28\/textiles-logistics-mini-yiwu-turkey-and-china-pitch-multi-bn-usd-pipeline-of-projects\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                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<img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1397.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"696828\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/textiles-logistics-mini-yiwu-turkey-and-china-pitch-multi-bn-usd-pipeline-of-projects\/1397-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1397.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1397.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1397.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1397.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-696827\" class=\"content-area-description single-story post-696827 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseam tag-industry tag-investment-watch tag-textile tag-turkey 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>Chinese and Turkish manufacturers continue to <\/strong><strong>flock to Egypt <\/strong>despite regional fallout from the war in the Gulf and Lebanon.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Turkish manufacturers continue to cement their place in our textile <\/strong><strong>and packaging export strategy. <\/strong>New commitments and a long-term strategy for USD 800 mn in investments were announced this week, with the Suez Canal Economic Zone (SCZone) positioning the Qantara West Industrial Zone as a specialized Turkish enclave.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Turkish industrial heavyweight Eroglu Holding plans to break ground on a landmark USD 400 mn cardboard project next year<\/strong>, according to a ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid026AfY93P1xwJUVcymzyHEiheWT9Vo8Hoc67bAh5Xc6gR6yVjGhQeKhHChBHS4u6UTl&id=100064535599158\" style=\"\">statement<\/a>. The group is planning a long-term investment strategy for expansion and aims to invest over USD 800 mn in Egypt as an export-oriented partner.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- A Turkish consortium comprising <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.yiltem.com.tr\/\" style=\"\">Yiltem Apparel<\/a><\/strong> <strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.dinamikboyama.com\/\" style=\"\">Dinamik Raus Tekstil<\/a><\/strong><strong> will build a new USD 8 mn garment factory<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/SCZONE.EG\/posts\/pfbid0CA4eJx6GYDjF1BRD8k8JbrKdHhGJq8TyJrRcvE43yRFKmLRp6r52uwQQZEiNsKyYl\" style=\"\">statement<\/a>. The 21k-sqm facility will focus on high-tech garment production and specialized fabric dyeing, including organic and natural treatments. Some 90% of the factory\u2019s 400k-piece annual capacity is earmarked for export to European markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters:<\/strong> Turkish manufacturing interest in Egypt is increasingly an important part of the Madbouly government\u2019s plan to ramp up annual exports to USD 145 bn by 2030. Turkish FDI in Egypt \u2014 which Matta Beshay, a member of the Egyptian-Turkish Business Council, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/turkish-companies-invested-around-usd-500-mn-in-egypt-in-2025\/\" style=\"\">previously told EnterpriseAM<\/a> had surpassed USD 3 bn across 1.7k companies \u2014 has been focused on export-oriented textile projects. This comes as Turkish investors look to lower production costs and as Egypt\u2019s trade agreements provide preferential access to European, US, Arab, and African markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- Polaris puts <\/strong><strong>pen to paper for USD 120 mn complex: <\/strong>Turkey\u2019s Polaris Parks <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/ACUDEGY\/posts\/pfbid02bukKV9Xveoo4kkaUCQ23Ps1abSmntPAJ759eJ2x96k9EfBRCRHL7Rtopu4rVd2o2l\" style=\"\">signed<\/a> an agreement with the Administrative Capital for Urban Development to establish a USD 120 mn industrial complex. The agreement <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/08\/polaris-parks-looks-to-attract-usd-2-bn-in-clean-industry-investments-in-planned-new-capital-industrial-zone\/\" style=\"\">builds on the partnership agreement<\/a> inked between the two sides for the project last month. At the time, the project was said to be expected to attract USD 2 bn in investment and go online in two years. <\/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\">The China trade drive continues<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A Chinese business delegation<\/strong><strong> is proposing to build out a multi-bn USD <\/strong><strong>pipeline of projects in the SCZone<\/strong>, spanning Sokhna to the New Capital, according to a cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02D6tM1U4y9f6QiWkeTFG1sQEvN9ePMkrawPCJvLtKiFs9fsJJGTsTwU6J7uEHoQ6yl\" style=\"\">statement<\/a>. The proposals include a smart container terminal, an FMCG and chemicals industrial zone, and an integrated trade city.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Smart terminal: <\/strong>Jiangsu Province Ports Group and Shanghai Huanshi Logistics are mulling a USD 400 mn smart container terminal at Sokhna Port with a 2 mn TEU annual capacity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- An industrial zone: <\/strong>Nanjing Hurricane Trading is pitching a 100k sqm FMCG and chemicals industrial zone, targeting 70% exports to European and African markets, alongside a bonded warehouse for re-exporting used Chinese machinery to Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Egypt\u2019s Yiwu market: <\/strong>An unnamed player is proposing a USD 2 bn, 3 mn sqm integrated trade city, modeled after China\u2019s <a target=\"_blank\" href=\"https:\/\/www.yiwu-market.cn\/\" style=\"\">Yiwu market<\/a> and complete with a hotel, a school, and a hospital. The \u201cMini-Yiwu\u201d development could serve as a permanent regional trade outpost, giving buyers from Africa, the Middle East, and Europe a centralized hub to source Chinese goods directly from Egyptian soil.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>With 160+ Chinese firms already operating locally, the latest proposals to embed education, healthcare, and hospitality into trade hubs signal Beijing\u2019s ambition to anchor itself across the entire supply chain and to cement Egypt as a permanent Belt and Road outpost between the Red Sea and the Mediterranean, aligning with the Madbouly government\u2019s USD 145 bn export target.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/09\/china-outbound-3-0\/\" style=\"\">We went deep into the China-Egypt story last fall<\/a><\/strong> with HSBC Egypt CEO Todd Wilcox and Ed Weeks, the bank\u2019s deputy CEO in China. <\/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\/industry\/\">industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/textile\/\">textile<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/turkey\/\">Turkey<\/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=\"696829\" 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=\"696829\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/cira-education-is-looking-at-ma-and-westward-expansion-as-it-reports-rising-net-income-in-1q\/\">\r\n                            CIRA Education is looking at M&amp;A and westward expansion as it reports rising net income in 1Q                        <\/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\/04\/28\/cira-education-is-looking-at-ma-and-westward-expansion-as-it-reports-rising-net-income-in-1q\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The increase was supported by a 31% y-o-y rise in revenues to EGP 2.8 bn, as growth in the higher education segment helped offset a tougher comparison base in K-12.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Higher ed is doing the heavy lifting:<\/strong> Segment revenues climbed 35% y-o-y to EGP 2 bn, while enrollment surged 39% to 36k students. Growth was driven by strong intake at Badr University\u2019s Cairo and Assiut campuses and the continued ramp-up at Saxony Egypt University. Utilization of available seats in higher ed jumped to 88%, up from 67% a year earlier. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>K-12 is also growing \u2014 just more steadily:<\/strong> Revenues rose 23% y-o-y to EGP 882.8 mn as the network expanded to 30 schools. Enrollment reached 37.2k students, up 4.3% y-o-y, and utilization held strong at 93% despite new capacity coming online.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That slower pace reflects the segment\u2019s scale. <\/strong>\u201cWhen I mention a high base, I mean a large existing student body,\u201d CEO Mohamed El Kalla tells EnterpriseAM. With enrollment already at 37k, each new 1.5k-seat school has a smaller incremental impact. Translation: K-12 growth is normalizing, and<strong> CIRA \u201cis going to enter into a phase of looking at specific M&As and higher patterns of growth,\u201d<\/strong> El Kalla says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So where does growth come from next? Part of the answer lies abroad.<\/strong> CIRA is targeting diaspora markets, with <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/11\/cira-global-ventures-makes-first-north-american-expansion-by-an-egyptian-education-group-with-stake-in-falcon-academy\/\" style=\"\">CIRA Global Ventures\u2019 recent minority stake<\/a> in US-based Falcon Academy. \u201cWe have an interest in seeing ourselves existing westward, where there is a huge growth of diaspora looking for services like ours that are highly globally connected while still maintaining a specific cultural setup,\u201d El Kalla says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Closer to home, the group is also building a regional footprint<\/strong>, with its sister company, Social Impact Capital Education, already operating in Saudi Arabia through Brooke House College Riyadh, and additional projects in the pipeline yet to be announced.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bigger shift: <\/strong>CIRA is moving beyond being just an education provider. Through its new CIRA Care arm, the group is focusing more on human capital development, positioning itself as a provider of skilled labor. The focus is on \u201cgray-collar\u201d roles, with programs already in place alongside international partners to supply talent to both local and global markets, El Kalla says.<\/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\/cira-education-earnings\/\">CIRA Education earnings<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"696831\" 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=\"696831\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/contact-co-founder-hazem-moussa-steps-down-as-chairman-after-25-year-run-as-consumer-finance-pioneer\/\">\r\n                            An architect of consumer finance in Egypt steps down                        <\/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\/04\/28\/contact-co-founder-hazem-moussa-steps-down-as-chairman-after-25-year-run-as-consumer-finance-pioneer\/\" 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\/04\/28\/contact-co-founder-hazem-moussa-steps-down-as-chairman-after-25-year-run-as-consumer-finance-pioneer\/')\">\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\/04\/28\/contact-co-founder-hazem-moussa-steps-down-as-chairman-after-25-year-run-as-consumer-finance-pioneer\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Contact co-founder Hazem Moussa steps down as chairman after 25-year run as consumer finance pioneer&url=https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/contact-co-founder-hazem-moussa-steps-down-as-chairman-after-25-year-run-as-consumer-finance-pioneer\/\">\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\/04\/28\/contact-co-founder-hazem-moussa-steps-down-as-chairman-after-25-year-run-as-consumer-finance-pioneer\/&title=Contact co-founder Hazem Moussa steps down as chairman after 25-year run as consumer finance pioneer\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Contact+co-founder+Hazem+Moussa+steps+down+as+chairman+after+25-year+run+as+consumer+finance+pioneer+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F04%2F28%2Fcontact-co-founder-hazem-moussa-steps-down-as-chairman-after-25-year-run-as-consumer-finance-pioneer%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\/04\/28\/contact-co-founder-hazem-moussa-steps-down-as-chairman-after-25-year-run-as-consumer-finance-pioneer\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1407.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"696832\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/contact-co-founder-hazem-moussa-steps-down-as-chairman-after-25-year-run-as-consumer-finance-pioneer\/1407-jpg-24\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1407.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1407.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1407.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1407.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-696831\" class=\"content-area-description single-story post-696831 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-contact-financial tag-enterpriseam tag-hazem-moussa tag-industry-ministry tag-moves 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 man who showed us how to buy cars and plenty of <\/strong><strong>other things on <\/strong><strong>credit is setting out to<\/strong><strong> build something new.<\/strong> Hazem Moussa (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/hazemmoussa\/\" style=\"\">LinkedIn<\/a>) is stepping down as chairman of Contact Financial Holding after a 25-year run that saw him build Egypt\u2019s consumer finance industry from the ground up, according to a company <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/1383.pdf\" style=\"\">statement<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/1383.pdf\" style=\"\">(pdf)<\/a>. Moussa, who co-founded the firm in 2001, was Contact\u2019s managing director from launch to 2016 and then as CEO from 2016 to 2020 before taking on the chairman\u2019s post. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Widely credited with inventing the playbook for consumer credit and<\/strong><strong> securitization in Egypt<\/strong>, Moussa worked directly with the government and the FRA to draft the frameworks that now govern the industry. His exit marks the final stage of a multi-year leadership transition at Contact, which saw John Saad <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/john-saad-officially-takes-the-helm-as-contact-financial-ceo\/\" style=\"\">take the CEO reins<\/a> from longtime chief Said Zater last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hazem appeared on our podcast Making It <\/strong><strong><a target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/us\/podcast\/meet-sarwa-capital-the-20-year-old-startup-quietly\/id1487974619?i=1000460046071\" style=\"\">(tap or click here to listen, runtime: 32:24)<\/a><\/strong> back in 2019 to tell the story of how he built a household name. <\/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\">IN OTHER MOVES- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Industry Minister Khaled Hashem appointed Mohamed Zada (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/mohamed-zada-79331653\/\" style=\"\">LinkedIn<\/a><\/strong><strong>) as<\/strong><strong> assistant minister for strategic industries<\/strong>, according to a ministry <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/mti.egypt\/posts\/pfbid02QU5UBY1Wx9f17XibLzEjmmsC5LY2sSh8CTtpVoHaJ5yqJpSbPxiQxPRdxxTs8vial\" style=\"\">statement<\/a>. Zada, a 22-year veteran of the heavy industry sector, most recently served as the general manager of Suez Steel. He held regional leadership roles at LafargeHolcim (now Holcim) across MENA, as well as senior roles at Egyptian Steel and El Marakby Steel.<\/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\/contact-financial\/\">Contact Financial<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hazem-moussa\/\">Hazem Moussa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/industry-ministry\/\">Industry Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/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=\"696833\" 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=\"696833\">\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\">Construction<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/orascom-construction-arab-contractors-land-jordans-largest-infrastructure-project\/\">\r\n                            Two of our own will take on Jordan\u2019s largest desalination project                        <\/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\/04\/28\/orascom-construction-arab-contractors-land-jordans-largest-infrastructure-project\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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              <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1677.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"696834\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/orascom-construction-arab-contractors-land-jordans-largest-infrastructure-project\/1677-jpg-24\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1677.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1677.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1677.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1677.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-696833\" class=\"content-area-description single-story post-696833 post type-post status-publish format-standard has-post-thumbnail hentry category-construction tag-arab-contractors tag-construction tag-desalination tag-enterpriseam tag-jordan tag-orascom-construction tag-water 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>Construction<\/strong><strong> giants Orascom Construction and Arab Contractors will <\/strong><strong>build <\/strong><strong>Jordan\u2019s largest-ever infrastructure project<\/strong>, the USD 5.8 bn Aqaba-Amman Water Desalination and Conveyance project (AAWDC), project director Saddam Khalifat tells <a target=\"_blank\" href=\"https:\/\/mena.org.eg\/news\/%D9%85%D8%AF%D9%8A%D8%B1-%D8%A7%D9%84%D9%86%D8%A7%D9%82%D9%84-%D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A-%D9%84%D9%84%D9%85%D9%8A%D8%A7%D9%87-%D8%A8%D8%A7%D9%84%D8%A7%D8%B1%D8%AF%D9%86-3da87769-bcf4-4812-bd40-e9645a5fcf71\" style=\"\">Middle East News Agency<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the project:<\/strong> The AAWDC project centers on building an 851k cbm-per-day facility in the Gulf of Aqaba \u2014 set to be the <a target=\"_blank\" href=\"https:\/\/www.suez.com\/en\/news\/press-releases\/second-largest-desalination-plant-in-the-world-amman-and-aqaba\" style=\"\">second-largest<\/a> reverse osmosis plant in the world. From there, a 445 km pipeline network will pump the fresh water up to Amman and other governorates. To be implemented under a build-own-transfer framework, the megaproject will be partially powered by a dedicated 300 MW solar plant and is expected to cover 40% of Jordan\u2019s drinking water needs by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> The high interest rate environment has made building things here at home right now tough, pushing local contractors to look elsewhere. We are already seeing this trend across the Red Sea, with 25 local contracting firms <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/14\/new-entry-rules-for-egyptian-contractors-eyeing-saudi-sar-200-bn-project-pipeline\/\" style=\"\">recently qualifying<\/a> to complete for the Saudi National Housing Company\u2019s massive SAR 200 bn pipeline of projects. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who does what:<\/strong> The Jordanian megaproject will be executed by an international consortium led by France\u2019s <a target=\"_blank\" href=\"https:\/\/www.meridiam.com\/\" style=\"\">Meridiam<\/a> and <a target=\"_blank\" href=\"https:\/\/www.suez.com\/en\/africa\" style=\"\">SUEZ Group<\/a>. While both Egyptian firms will handle the heavy lifting during the construction phase, Orascom has also secured the long-term operations and maintenance contract to run the facility once it is commissioned. The consortium is currently targeting a financial close for the project by July, with construction kicking off this summer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project is a matter of national survival for Jordan.<\/strong> Ranking as one of the most water-stressed countries globally, Jordan has seen its fresh water availability plummet to a mere 60 cbm per person annually. The issue has prompted the government to <a target=\"_blank\" href=\"https:\/\/jordantimes.com\/news\/local\/jordan-faces-worlds-worst-water-shortage-says-water-minister\" style=\"\">declare<\/a> the crisis a severe national security threat that could cripple its agriculture, tourism, and industrial sectors.<\/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\/arab-contractors\/\">Arab Contractors<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/construction\/\">construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/desalination\/\">Desalination<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/jordan\/\">Jordan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/orascom-construction\/\">Orascom Construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/water\/\">water<\/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=\"696835 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=\"696835\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/696835\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-696835\" class=\"content-area-description single-story post-696835 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\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1089.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=\"696836\" 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=\"696836\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/efg-corp-solutions-and-infinity-ink-ev-charger-leasing-agreement\/\">\r\n                            EFG Holding unit and Infinity in big EV charger push                        <\/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\/04\/28\/efg-corp-solutions-and-infinity-ink-ev-charger-leasing-agreement\/\" 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\/04\/28\/efg-corp-solutions-and-infinity-ink-ev-charger-leasing-agreement\/')\">\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\/04\/28\/efg-corp-solutions-and-infinity-ink-ev-charger-leasing-agreement\/\">\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=EFG Corp-Solutions and Infinity ink EV charger leasing agreement&url=https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/efg-corp-solutions-and-infinity-ink-ev-charger-leasing-agreement\/\">\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\/04\/28\/efg-corp-solutions-and-infinity-ink-ev-charger-leasing-agreement\/&title=EFG Corp-Solutions and Infinity ink EV charger leasing agreement\">\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=EFG+Corp-Solutions+and+Infinity+ink+EV+charger+leasing+agreement+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F04%2F28%2Fefg-corp-solutions-and-infinity-ink-ev-charger-leasing-agreement%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\/04\/28\/efg-corp-solutions-and-infinity-ink-ev-charger-leasing-agreement\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/966.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"696837\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/efg-corp-solutions-and-infinity-ink-ev-charger-leasing-agreement\/966-jpg-30\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/966.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"966.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/966.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/5\/966.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-696836\" class=\"content-area-description single-story post-696836 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-ebrd tag-efg-corp-solutions tag-electric-vehicles tag-enterpriseam tag-fawry tag-infinity tag-oil-and-gas tag-smes 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> EFG Holding\u2019s subsidiary EFG Corp-Solutions and Infinity have just made <\/strong><strong>building EV charging stations easier<\/strong> by signing the country\u2019s first leasing agreement for charging solutions, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/1381.pdf\" style=\"\">press release (pdf)<\/a>. The financial details of the transaction are undisclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters:<\/strong> The move tackles the financing problem, which is a constraint on EV infrastructure expansion in Egypt. Chargers are capital-heavy, slow to deploy, and risky in early markets. Leasing turns a big fixed cost into something closer to an operating expense. Infinity, which already operates the largest EV network in the country, plans to leverage the financing to accelerate deployment across commercial and residential development nationwide.<\/p>\n<p class=\"tag-border-left\">EBRD backs Fawry MSME Finance with EGP 250 mn credit line<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Fawry\u2019s<\/strong><strong> microfinance arm secured EGP 250 mn from the European <\/strong><strong>Bank for<\/strong><strong> Reconstruction and Development (<\/strong><strong>EBRD<\/strong><strong>) to lend to young founders<\/strong>, with a focus on MSMEs led or majority-owned by entrepreneurs under 35 and underserved rural areas, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/4\/1378.pdf\" style=\"\">press release (pdf)<\/a>. The facility aims to help the economy absorb the growing number of young people entering the labor market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>The real story is the risk mitigation. Lending to youth-led startups in an inflationary environment is risky for local institutions. By attaching a 10% first-loss risk cover and an EU-backed liquidity incentive for the borrower, the EBRD is lowering the risk profile to make these loans viable for Fawry MSME Finance.<\/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\">How much are we spending on gas next year? <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our natural gas <\/strong><strong>import bill<\/strong><strong> will jump 26% y-o-y to <\/strong><strong>USD 10.7 bn<\/strong> <strong>next fiscal year, as the regional war drives up global energy prices<\/strong>, the <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/power\/129950\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%B1%D9%81%D8%B9-%D9%85%D8%AE%D8%B5%D8%B5%D8%A7%D8%AA-%D8%A7%D8%B3%D8%AA%D9%8A%D8%B1%D8%A7%D8%AF-%D8%A7%D9%84%D8%BA%D8%A7%D8%B2-26-%D8%A8%D8%A7%D9%84%D9%85%D8%A6%D8%A9-%D8%A8%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A-%D8%A7%D9%84%D9%82%D8%A7%D8%AF%D9%85\/\" style=\"\">Arabic press<\/a> reports, citing an unnamed government official. The Madbouly government is allocating the funds to import 18.7 mn tons of gas to cover a domestic demand of roughly 7 bcf\/d.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The increase adds USD 2.2 bn to the state\u2019s projected USD 8.5 bn bill for the current year.<\/strong> The budget will cover a mix of LNG cargoes and pipeline gas from Israel. <\/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\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/efg-corp-solutions\/\">EFG Corp-Solutions<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/electric-vehicles\/\">electric vehicles<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fawry\/\">Fawry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infinity\/\">Infinity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/smes\/\">SMEs<\/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=\"696838\" 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=\"696838\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/mena-ma-activity-plunges-in-1q-2026-while-global-outlook-appears-rosier\/\">\r\n                            A tale of two M&amp;A markets                        <\/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\/04\/28\/mena-ma-activity-plunges-in-1q-2026-while-global-outlook-appears-rosier\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            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class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"696839\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/mena-ma-activity-plunges-in-1q-2026-while-global-outlook-appears-rosier\/1401-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1401.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1401.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1401.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/4\/1401.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-696838\" class=\"content-area-description single-story post-696838 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam tag-financial-markets tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>MENA M&amp;A activity fell 74% y-o-y in value terms in 1Q 2026<\/strong>, falling to USD 18.8 bn as the US and Israel\u2019s war on Iran dampened market sentiment, according to <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/business\/m-a\/as-mena-m-and-a-activity-drops-74-in-q1-goldman-sachs-forecasts-re-prioritising-in-regional-dealmaking-anogahfd\" style=\"\">LSEG data<\/a>. <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It was inbound M&amp;A in the region that tripped up the most during the quarter<\/strong>, falling 90% y-o-y to a 10-year low of USD 4.6 bn. Meanwhile, outbound M&amp;A also fell, albeit at a much softer pace of 55% y-o-y to USD 11.5 bn. That\u2019s the lowest value of M&amp;A transactions originating from the region in two years.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The big fish of the quarter:<\/strong> The Abu Dhabi Investment Authority\u2019s (Adia) <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/07\/dp-world-acquires-controlling-stake-in-switzerlands-novaalgoma\/\" style=\"\">sale of its entire<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/07\/07\/dp-world-acquires-controlling-stake-in-switzerlands-novaalgoma\/\" style=\"\">18.4% stake<\/a> in Pension Ins. Corporation Group, which closed last quarter, topped the charts as the largest M&amp;A transaction with any MENA involvement. The transaction was valued at some USD 4 bn. Other major transactions in the quarter included ePointZero Holding\u2019s <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/03\/31\/dp-world-russias-rosatom-form-jv-a-gaming-supplier-eyes-the-uae-empower-secures-a-contract-from-meraas-epointzero-acquires-us-energy-firm-for-usd-2-3-bn-egf-backs-carnistore\/\" style=\"\">USD 2.3 bn acquisition<\/a> of a 100% stake in US-based energy firm Traverse Midstream Partners, as well as Aluminium Bahrain\u2019s <a target=\"_blank\" href=\"https:\/\/www.albasmelter.com\/en\/article\/alba-and-american-industrial-partners-enter-into-an-exclusive-agreement-for-alba-to-acquire-aluminium-dunkerque\" style=\"\">USD 2.2 bn acquisition<\/a> of France\u2019s Aluminium Dunkerque.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Goldman Sachs took the lead as the financial adviser with the largest value and volume<\/strong><strong> of transactions under its belt in MENA during the quarter<\/strong>, advising on three transactions worth a combined USD 34.8 bn, according to <a target=\"_blank\" href=\"https:\/\/www.globaldata.com\/media\/business-fundamentals\/goldman-sachs-top-ma-financial-adviser-in-middle-east-africa-during-q1-2026-reveals-globaldata\/\" style=\"\">GlobalData<\/a>. Some of the largest transactions it worked on include PIF\u2019s Savvy Games Group\u2019s <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2026\/03\/24\/savvy-to-snap-up-bytedances-moonton-for-usd-6-bn\/\" style=\"\">USD 6 bn acquisition<\/a> of Shanghai Moonton, as well as the Alba-Dunkerque takeover.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Even with the downturn, it\u2019s still \u201ctoo early\u201d to extrapolate what the rest of the year holds<\/strong>, Goldman Sachs\u2019 co-head of MENA Investment Banking Jassim AlSane says. Some analysts are expecting a short-term slowdown in the dealmaking numbers amid heightened uncertainty caused by the regional conflict. Amid the uncertainty, M&amp;A activity will shift towards safe havens that will help hedge against inflation and volatility, AlSane said. \u201cThe regional fundamentals remain intact, and if anything, the economies in the GCC have proven their resilience despite the volatility in geopolitics,\u201d he said. <\/p><p class=\"tag-border-left\">The global outlook is looking promising<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A rosier view?<\/strong> Pure M&amp;A volumes are expected to rise to USD 3.8 tn in 2026, surpassing 2021 and 2025 levels, Tim Ingrassia, co-chairman of global M&amp;A in investment banking at GS, said in a recent <a target=\"_blank\" href=\"https:\/\/www.goldmansachs.com\/insights\/articles\/ma-volume-expected-to-surge-this-year-despite-economic-uncertainty\" style=\"\">note<\/a>. \u201cTo get a measure of \u2018pure M&amp;A volume,\u2019 Ingrassia omits spinoffs, private company funding rounds, and [transactions] involving special purpose acquisition companies, or SPACs,\u201d the note says.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The \u201ctyranny of terminal value\u201d is helping to drive that global activity:<\/strong> With AI disrupting long-term business models, investors are no longer buying based on the current business environment, but rather based on their predictions of a stock\u2019s worth in the future \u2014 anywhere between six to infinity years down the line, Ingrassia says. \u201cTerminal value is one of the biggest contributors to why buyers need to participate in M&amp;A,\u201d he says.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, private equity is facing a structural crisis of stuck capital, as fund <\/strong><strong>distributions are at a 16-year low<\/strong>, according to data from MSCI and Global Banking &amp; Markets. Firms are facing mounting pressure to accelerate the sale of portfolio companies and boost returns to their investors, Ingrassia notes. <\/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\">Asia-Pacific markets are mixed in early trading this morning as investors sit tight, awaiting earnings season and monetary policy decisions from the US, Japan, UK, and Europe. Japan\u2019s Nikkei and the Hang Seng are in the red, while the Kospi and Shanghai Composite are looking at gains. <\/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\">52,719<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +26.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CBE)<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 52.49<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 52.63<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CIB<\/strong><strong>) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 52.40<\/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 52.50<\/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\">19.00% 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\">20.00% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,169<\/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: +6.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,828<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.4% (YTD: -1.7%)<\/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>DFM<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,871<\/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: -2.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">7,174<\/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: +4.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">10,321<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6% (YTD: +3.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,860<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: +1.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 108.23<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 2.51<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.7%<\/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>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 4,706<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 77,047<\/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\">-1.7% (YTD: -12.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">1,047<\/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: +5.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P MENA Bond &amp; Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">151.77<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: -0.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">18.02<\/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\">-3.7%% (YTD: +24.2%)<\/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<\/strong><strong> rose 0.6% at <\/strong><strong>yesterday\u2019s<\/strong><strong> close<\/strong> on turnover of EGP 8.0 bn (12.2% above the 90-day average). Local investors were the sole net buyers. The index is up 26.0% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> Emaar Misr (+3.5%), Orascom Construction (+2.7%), and EFG Holding (+2.5%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Valmore Holding -EGP (-7.0%), Valmore Holding -USD (-5.4%), and Juhayna (-3.0%).<\/p>\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull vertical-section wide-section going-green wp-block-group issue-section\" id=\"696840\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27465.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into the green economy and ESG issue in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27483.png?ssl=1\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Tuesday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/goinggreen\/\">\r\n                            Read going Green                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">9<\/div>\r\n\r\n                        <p class=\"f-graphik\">Going Green<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/why-salt-based-batteries-could-be-the-key-to-egypts-renewable-goals\/\">\r\n                            Is salt the secret to Egypt\u2019s energy future?<\/a>\r\n                        <\/h3>\r\n\r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/why-salt-based-batteries-could-be-the-key-to-egypts-renewable-goals\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The USD 200 mn project\u2019s first phase is set to yield 50k tons annually (mostly for gold mining), and the second phase will either double output or make additional cyanide derivatives \u2014 but what caught our attention is the third phase, which will produce sodium-ion battery components.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>The move to produce sodium-ion batteries could have a big knock-on effect for our renewables ambitions, helping us move away from the more expensive lithium batteries that currently dominate battery energy storage systems globally. Sodium-ion batteries are an emerging technology that has the potential (once scaled) to be cheaper, as they require only salt as the main material input, instead of relying on the very limited \u2014 and imported \u2014 lithium supply in the ground.<\/p>\n<p class=\"tag-border-left\">Sodium-ion batteries \u2014 what they are (and aren\u2019t)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pros:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.woodmac.com\/blogs\/energy-pulse\/sodium-ion-batteries-enter-energy-storage-market\/\" style=\"\">Sodium<\/a> is the sixth most common element in Earth\u2019s crust and can be extracted from common salt. By contrast, lithium is rare, geographically concentrated, and currently imported. Sodium-ion cells also avoid nickel, cobalt, or graphite shortages. Many sodium chemistries have lower internal resistance, meaning they can charge and discharge quickly \u2014 ideal for heavily used grid batteries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cons:<\/strong> Sodium-ion batteries are still an emerging technology, which means early adopters are going to need to rely on a decent amount of R&D spend. Due to this and because we\u2019re yet to see the production of these batteries fully scaled, the cost of these batteries is often just behind lithium-ion batteries per kWh, despite their potential to have a lower price point. Unlike lithium-ion batteries, sodium-ion batteries are inherently less energy-dense and consequently heavier, which reduces their usability in the automotive industry and consumer electronics.<\/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\">Globally, the sodium-ion battery race is on<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt wouldn\u2019t be alone in looking to build sodium-ion batteries as a real alternative:<\/strong> China has poured investments into research and factories, with battery giants such as <a target=\"_blank\" href=\"https:\/\/chargedevs.com\/newswire\/catl-to-deploy-sodium-ion-ev-batteries-at-commercial-scale-in-2026\/\" style=\"\">CATL<\/a> having sodium-ion lines. Even the US is <a target=\"_blank\" href=\"https:\/\/www.utilitydive.com\/news\/natron-energy-1-4-b-sodium-ion-battery-factory-kingsboro-north-carolina\/725211\/\" style=\"\">joining<\/a> the race, with startups like Natron moving forward in projects to develop these types of batteries. Analysts project global sodium-ion capacity ramping from 10 GWh in 2025 to perhaps more than 70 GWh by 2030. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why the rush?<\/strong> One reason is to break China\u2019s domination of lithium mining. Currently, China controls 80% of lithium-ion manufacturing and almost all refined lithium, graphite, and cathode production. Sodium-ion batteries open the door to new supply chains, since sodium can be sourced from rock salt or brine. Even though China also leads in sodium-ion cells, the material base is about 1k times more abundant than lithium, making alternative supply chains across the world easier to build. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Can Egypt lead, or just follow? <\/strong>We are getting started with sodium-ion batteries. Draschem\u2019s project is mostly making sodium cyanide, with battery components as a later phase. Egypt doesn\u2019t yet have a scaled battery cell manufacturing ecosystem, with many ongoing lithium-ion battery manufacturing projects reliant on imported lithium-ion technology and know-how. On the plus side, we have strengths: Egypt\u2019s location strengthens our pitch as an export hub to Africa and the Middle East.<\/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\">Implications <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cheap, homegrown sodium batteries could accelerate our renewables buildout:<\/strong> Lower battery costs mean cheaper solar-plus-storage projects \u2014 effectively shifting more peak demand off gas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There are economic benefits, too:<\/strong> Local battery manufacturing would cut lithium\u2019s import bill.<\/p>\n<p class=\"tag-border-left\"> But it\u2019s not ensured <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a bold wager, and critics will have questions: <\/strong>Can the country really produce battery cells at scale? Draschem mentions components, but building full battery modules means additional steps (anode\/cathode fabrication, cell assembly, power electronics, etc.).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The plan\u2019s timeline also matters:<\/strong> The first phase only starts in 2028, and those battery components won\u2019t arrive overnight. By then, global players may have advanced further, while lithium-ion costs keep dropping and new alternatives start rising.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Regulatory hurdles remain: <\/strong>Egypt still needs <a target=\"_blank\" href=\"https:\/\/egyptoil-gas.com\/features\/egypts-bess-revolution-powering-a-greener-future\/\" style=\"\">clear storage regulations<\/a> \u2014 defining storage as an asset class, grid codes for batteries, and stable revenue schemes. Without that, even cheap batteries sit idle.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Financing is another issue: <\/strong>BESS projects are still seen as \u201c <a target=\"_blank\" href=\"https:\/\/egyptoil-gas.com\/features\/egypts-bess-revolution-powering-a-greener-future\/\" style=\"\">revenue-light<\/a> \u201d and rely on project-by-project agreements. If investors doubt how Egypt will pay for stored electricity or ensure grid access, plans may stall.<\/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\/going-green\/\">going green<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/green-energy\/\">green energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"696842\" 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\/04\/28\/696842\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-696842\" class=\"content-area-description single-story post-696842 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;\">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;\">5 May (Tuesday): S&P Global to release PMI figures for 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;\">7 May (Thursday): Labor Day national holiday observed<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">7 May (Thursday): CBE expected to release foreign exchange reserve data for 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;\">10 May (Sunday): Capmas expected to release inflation data from 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;\">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>15 June (Monday): Seventh review of the IMF\u2019s Extended Fund Facility <\/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 the 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-Nasr 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;\">1Q 2026: Trial operations for the Ain Sokhna-Sixth of October section of Egypt\u2019s first high-speed rail line scheduled to begin.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">May 2026: End of extension for developers on 15% interest rates for land installment payments.<br \/><\/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;\">July 2026: British Prime Minister Keir Starmer set to visit 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;\">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:400;\">2026: The Egyptian-American Economic Forum.<\/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>Fresh Turkish investments | Building Jordan\u2019s biggest desalination plant | CIRA Education\u2019s earnings.<\/p>\n","protected":false},"featured_media":696820,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-696819","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"9808db67-89c2-4098-bb48-21cd04e901eb","teaser":"Fresh Turkish investments | Building Jordan\u2019s biggest desalination plant | CIRA Education\u2019s earnings.","photo_url":"https:\/\/ent.news\/2026\/4\/1418.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>Inbound, ho! 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