{"id":700973,"date":"2026-05-11T00:00:00","date_gmt":"2026-05-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=700973"},"modified":"2026-05-11T03:05:07","modified_gmt":"2026-05-11T03:05:07","slug":"apis-partners-closes-third-fund-at-more-than-double-its-predecessor","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/apis-partners-closes-third-fund-at-more-than-double-its-predecessor\/","title":{"rendered":"Apis Partners closes third fund at more than double its predecessor"},"content":{"rendered":"<section id=\"700975\" 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=\"700975\">\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\/05\/11\/travco-targets-4q-launch-for-new-private-airline\/\">\r\n                            Travco targets 4Q launch for new private airline                        <\/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\/05\/11\/travco-targets-4q-launch-for-new-private-airline\/\" 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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Different stories, same underlying theme \u2014 assets here at home are clearing at prices the market is willing to pay.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also on deck:<\/strong> Travco close to launching a new private airline, and our Coffee With BCG X\u2019s Adham Abouzied on why most AI projects don\u2019t pay off.<strong>FIRST, A SMALL CLARIFICATION-<\/strong> The new stamp tax is replacing the long-delayed capital gains tax on EGX-listed securities transactions \u2014 not capital gains tax across the board, as it may have sounded in <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/10\/new-tax-bill-heads-to-house-ahead-of-july-rollout\/\" style=\"\">our coverage of the news in yesterday\u2019s issue<\/a>. Capital gains made outside EGX trading remain subject to the relevant tax treatment.<\/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>Got a few minutes to spare? We\u2019d love to hear from you.<\/strong> Morning Drive has been up and running for about seven months, and we think it\u2019s time for a quick check-in. We\u2019ve put together a few questions that will help guide us as we grow to become a vital part of your morning routine. So, whether you\u2019re a longtime listener, you\u2019ve only just heard us, or you\u2019re somewhere in between, please spare a few minutes to fill out <a target=\"_blank\" href=\"https:\/\/www.surveymonkey.com\/r\/82M9WYG\" style=\"\">this survey<\/a>. AND \u2014 here\u2019s <a target=\"_blank\" href=\"https:\/\/omny.fm\/shows\/enterpriseam-egypt\" style=\"\">today\u2019s episode<\/a>.<strong>***<\/strong><\/p>\n<p class=\"tag-border-left\">Cleared for takeoff<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>Keep an eye on the sky for a new private airline before the end <\/strong><strong>of this year.<\/strong> Tourism giant Travco Group expects to wrap up the necessary licensing by August, Chairman Hamed El Chiaty tells EnterpriseAM. The company plans to kick off the USD 150 mn venture in October or November with a fleet of three Airbus aircraft, with a target of scaling up to four planes in the first year of operations, Civil Aviation Minister Sameh El Hefny <a target=\"_blank\" href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=26042026&id=72ed99fe-1723-46be-a269-a65dd744f82b\" style=\"\">said at a press conference<\/a> recently.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The target market:<\/strong> The airline will focus on running charter flights to funnel inbound traffic from Europe and other global markets, the <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/companies\/131982\/%D8%AA%D8%B1%D8%A7%D9%81%D9%83%D9%88-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B7%D9%84%D9%82-%D8%B4%D8%B1%D9%83%D8%A9-%D8%B7%D9%8A%D8%B1%D8%A7%D9%86-%D9%81%D9%8A-%D9%86%D9%88%D9%81%D9%85%D8%A8%D8%B1-%D8%A8%D9%86%D8%AD%D9%88-150%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\/\" style=\"\">Arabic press<\/a> reports. The Airbus fleet, which will feature a capacity of 180-220 seats per plane, is set to operate directly out of Egypt\u2019s primary tourism hubs \u2014 Sharm El Sheikh, Marsa Alam, and Matrouh.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But there's some turbulence: <\/strong>Despite recent <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/05\/oil-ministry-quintuples-lng-allocations-to-heavy-industry\/\" style=\"\">historic highs<\/a>, the company may defer its launch by six months to a full year due to regional instability. \u201cIf the issue of the war and oil is not resolved, there is a very high probability that we will postpone the company\u2019s opening until operating conditions are better,\u201d El Chiaty warns. \u201cThe tourist will not be willing to pay an extra USD or EUR 180 due to the high cost of ins. and fuel.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> The plans confirm news teased by Hefny <a target=\"_blank\" href=\"https:\/\/www.mubasher.info\/news\/4601383\/-%D8%AA%D8%B1%D8%A7%D9%81%D9%83%D9%88-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%A5%D8%B7%D9%84%D8%A7%D9%82-%D8%B4%D8%B1%D9%83%D8%A9-%D8%B7%D9%8A%D8%B1%D8%A7%D9%86-%D8%AE%D8%A7%D8%B5%D8%A9-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1\/\" style=\"\">last month<\/a> of a new local airline. Travco\u2019s launch lines up with a broader state push to crowd private capital into the local aviation sector, following <a target=\"_blank\" href=\"https:\/\/www.civilaviation.gov.eg\/Media\/NewsDetails?NewsID=1656&title=%D9%88%D8%B2%D9%8A%D8%B1%20%D8%A7%D9%84%D8%B7%D9%8A%D8%B1%D8%A7%D9%86%20%D8%A7%D9%84%D9%85%D8%AF%D9%86%D9%8A%20%D9%8A%D8%B9%D9%82%D8%AF%20%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9%D9%8B%D8%A7%20%D9%85%D9%88%D8%B3%D8%B9%D9%8B%D8%A7%20%D9%85%D8%B9%20%D8%B1%D8%A4%D8%B3%D8%A7%D8%A1%20%D8%B4%D8%B1%D9%83%D8%A7%D8%AA%20%D9%82%D8%B7%D8%A7%D8%B9%20%D8%A7%D9%84%D8%B7%D9%8A%D8%B1%D8%A7%D9%86%20%D8%A8%D9%85%D8%AE%D8%AA%D9%84%D9%81%20%D8%A3%D9%86%D8%B4%D8%B7%D8%AA%D9%87%D8%A7%20%D8%A7%D9%84%D8%B9%D8%A7%D9%85%D9%84%D8%A9%20%D9%81%D9%8A%20%D8%AC%D9%85%D9%87%D9%88%D8%B1%D9%8A%D8%A9%20%D9%85%D8%B5%D8%B1%20%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9%20%D9%84%D9%85%D9%86%D8%A7%D9%82%D8%B4%D8%A9%20%D8%A7%D9%84%D9%82%D8%B1%D8%A7%D8%B1%20%D8%A7%D9%84%D8%B5%D8%A7%D8%AF%D8%B1%20%D8%B1%D9%82%D9%85%20(333)%20\" style=\"\">recent regulatory amendments<\/a> designed to slash red tape, digitize services, and streamline the licensing process for new private airlines.<\/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\">Endowed with potential investments<\/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<\/strong><strong> government plans to offer 20 new public-private <\/strong><strong>partnership<\/strong><strong> investment prospects from the Endowments Authority\u2019s property portfolio in 2H 2026<\/strong>, a government official tells EnterpriseAM. \u201cThe new investment [prospects] will include land for real estate investment, partnerships with real estate developers, residential units, and buildings that will be offered for conversion into hotel units or private hotels,\u201d especially within the Historic Cairo masterplan, we\u2019re told.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The authority manages the largest real estate portfolio in the country \u2014 valued at 137 EGP bn \u2014 but deploying that capital is a logistical headache. <\/strong>A significant chunk of these properties is still locked in the \u201cold rent\u201d system, our source tells us. Also, the government is still bogged down in clearing ongoing land encroachments and resolving judicial disputes over certain endowments.<\/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\">CBE revises down our growth forecast<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong><strong>Central Bank<\/strong><strong> of Egypt<\/strong><strong> now sees the economy growing at a 4.9% clip this <\/strong><strong>fiscal year<\/strong>, down from its <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/26\/central-bank-of-egypt-raises-growth-forecasts-but-keeping-the-lid-on-inflation-remains-top-monetary-priority\/\" style=\"\">pre-war prediction of 5.1%<\/a>, it said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/506.pdf\" style=\"\">Monetary Policy Report (pdf)<\/a> for 1Q 2026. As for next fiscal year, the bank now expects real GDP growth to come in at 4.8%, down from February\u2019s forecast of 5.5%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a war-triggered downgrade: <\/strong>The CBE said the growth downgrade \u201creflects the repercussions of the conflict between Iran and the US on economic activity,\u201d pointing to the war\u2019s impact on tourism and Suez Canal revenues.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Inflation is on track to rise<\/strong>, the CBE says. The central bank expects annual headline inflation to average 16-17% in 2026 \u2014 the bank had previously expected inflation to reach its target of 7% (\u00b1 2%) in 4Q 2026. Next year\u2019s inflation is expected to average 12-13%. <\/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\">Happening tomorrow<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>Contemporary art gallery <\/strong><strong>Tam<\/strong><strong>.Gallery is hosting its Artists of<\/strong><strong> Tomorrow exhibition on Tuesday, 12 May at the Grand Egyptian Museum<\/strong><strong>.<\/strong> The invite-only opening at the museum\u2019s Glass Court will bring together over 100 local artists, collectors, and cultural figures. EFG Holding is backing the event as art patron, alongside Ulter by Valu as financial partner.<\/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\">PSA <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- Summer is getting serious in Cairo today<\/strong>, with a high of 34\u00b0C and a low of 21\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 also warm in Alexandria<\/strong>, though a few degrees cooler, with a high of 30\u00b0C and a low of 20\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\/5\/463.gif?ssl=1\"\/><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyadh to Mumbai. Abu Dhabi to Singapore. Dubai to London. Cairo to Shenzhen.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The most important business stories in MENA aren\u2019t happening inside MENA anymore<\/strong> \u2014 they\u2019re happening at the edges, where regional capital meets global ambition.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM MENA+ is our new flagship newsletter<\/strong>, built to cover the flows of capital, people, and ideas across the Middle East \u2014 and beyond it. AI, geopolitics, the war for talent, sovereign wealth strategy, the changing energy economy, and the new corridors reshaping global trade.<\/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>The US-Ir<\/strong><strong>an stalemate crowds the front pages once again. <\/strong>President Donald Trump <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/livecoverage\/iran-war-trump-news\/card\/iran-s-lengthy-response-to-the-u-s-leaves-some-gaps-jVJkux8wKbRUWK9EOOp9\" style=\"\">dismissed<\/a> Iran\u2019s response to Washington\u2019s latest proposal, calling the demands \u201ctotally unacceptable.\u201d Tehran reportedly floated moving a portion of its highly enriched uranium reserves to a separate nation and refused to decommission its nuclear infrastructure \u2014 this account was later denied by Iran\u2019s semi-official outlet Tasnim.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Pakistan-Iran talks seem to have made some headway<\/strong>, with Qatar managing to <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2b2a9375-829c-4b4a-af98-c5e1e963c493?syn-25a6b1a6=1\" style=\"\">export its<\/a><a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2b2a9375-829c-4b4a-af98-c5e1e963c493?syn-25a6b1a6=1\" style=\"\">first LNG cargo<\/a> \u2014 bound for a Pakistani port \u2014 through the Strait of Hormuz since the conflict started. Islamabad reportedly expects three more vessels to ship Qatari LNG through the waterway in the coming days.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The regional conflict <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.wsj.com\/world\/trump-xi-meeting-iran-war-409c4ea1?mod=hp_lead_pos2\" style=\"\">is set to dominate<\/a><\/strong><strong> the agenda during Trump\u2019s summit with Chinese <\/strong><strong>President Xi Jinping in Beijing later this week. <\/strong>Both leaders have good reasons to resolve the Iran war, as it is taxing Trump\u2019s domestic popularity and straining Beijing\u2019s reliance on low-cost Iranian oil. Washington\u2019s worries over AI and a proposed new dialogue with China are also reportedly <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-10\/trump-aims-to-press-xi-over-china-s-approach-to-conflict-in-iran\" style=\"\">on the table<\/a>.<\/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 AI: <\/strong>Alphabet <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-10\/ai-wins-have-alphabet-poised-to-become-world-s-biggest-company?srnd=homepage-middle-east\" style=\"\">has rapidly evolved<\/a> into an AI powerhouse, significantly narrowing the valuation gap with chipmaking giant Nvidia. Analysts suggest that the strength of the Gemini model, combined with Google Search, Cloud, YouTube, and Waymo, positions the company as the primary contender to lead the next era of tech growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In a <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/features\/2026-jerome-powell-fed-legacy\/?srnd=homepage-middle-east\" style=\"\">retrospective piece<\/a><\/strong><strong> on the outgoing Federal Reserve Chair<\/strong>, Bloomberg chronicles Jerome Powell\u2019s long battle to maintain the institution\u2019s independence. Powell\u2019s term saw heavy criticism from Trump, a probe from the Justice Department, and an unusual decision to stay on after his successor stepped up to assume the mantle.<\/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\/2024\/5\/2495.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 Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. <\/p>\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 explore how the \u201cuniversity degree or bust\u201d mindset is shifting in Egypt as short-term certifications and micro-credentials become the go-to way for professionals to stay relevant in a fast-moving, AI-dominated job market.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/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=\"700977 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=\"700977\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/700977\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-700977\" class=\"content-area-description single-story post-700977 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:\/\/events.redsearegatta.com\/venue\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/447.jpeg?ssl=1\"><\/a><\/span><\/p><div class=\"grouped-tags\">\n<p><span style=\"font-weight:400;\">Sailors chasing the wind to Somabay shores.<\/span><\/p>\n<p><span style=\"font-weight:400;\">From 14-16 May, the first-ever Somabay Sailing Festival 2026 brings together world-class regattas, elevated seaside experiences, and vibrant energies. Marking a new milestone for the destination and the future vision of GranMarina, the festival sets the tone for a new era of sailing experiences at Somabay.<\/span><\/p>\n<p><span style=\"font-weight:400;\">Brought to you by Red Sea Sails.<\/span><\/p>\n<p><span>Click <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/events.redsearegatta.com\/venue\" style=\"\">here<\/a><\/span><span> to explore the full experience.<\/span><\/p>\n<\/div>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"700978\" 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=\"700978\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/apis-partners-has-continued-appetite-for-egypt-after-closing-its-third-fund-at-more-than-double-its-predecessor\/\">\r\n                            Double the money                        <\/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\/05\/11\/apis-partners-has-continued-appetite-for-egypt-after-closing-its-third-fund-at-more-than-double-its-predecessor\/\" 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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Existing LPs accounted for around half of the capital raised, <a target=\"_blank\" href=\"https:\/\/www.businesswire.com\/news\/home\/20260506645124\/en\/Apis-Partners-Announces-Final-Close-of-%241.23-Billion-Fund-III-Double-its-Predecessor\" style=\"\">the firm said<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New backers include sovereigns, supranationals, banks, insurers, and pension funds.<\/strong> Apis has already deployed around USD 400 mn from Fund III across seven investments, including continued backing of Egyptian-born fintech MNT-Halan, UK digital wealth manager MoneyBox, prepaid digital goods platform Coda Recharge, and Singapore-headquartered cross-border payments firm Thunes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Closing a fund of this size in a year of regional war is no small thing.<\/strong> \u201cClosing 23% above target and with over 70% of our existing investors increasing their commitments, this is a clear reflection of the confidence our diversified LP base places in our sector-specific strategy and our ability to generate returns,\u201d our friend Hossam Abou Moussa, partner at Apis, tells us. The firm ranked second globally \u2014 and was the highest-ranked European PE firm \u2014 in the 2025 HEC Paris-Dow Jones Growth Equity Investor Ranking.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That ranking, Hossam says, reflects consistency rather than novelty.<\/strong> \u201cThe partners at Apis bring decades of sector-focused experience in financial infrastructure and services \u2014 across payments, ins., lending, and the platforms that connect them across global markets,\u201d he says. \u201cWe apply the same disciplined approach to every transaction: investing in profitable, proven businesses, working hands-on with management teams and sharing the benefits of our deep global networks,\u201d building in from day one value creation plans with specific strategic buyers in mind.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Egypt \u201cheadline inside the headline\u201d is MNT-Halan:<\/strong> Apis first invested in 2021, when Mounir Nakhla\u2019s MNT-Halan was an Egyptian fintech with what Hossam calls \u201can audacious mission: to revolutionize financial access for mns of unbanked and underbanked people.\u201d It is now one of the largest fintech unicorns in MENA+, operating across Egypt, Turkey, Pakistan, and the UAE \u2014 and Fund III is backing it again. <strong>\u201cThis partnership is a living example of why we remain deeply committed to Egypt and the broader region<\/strong>,\u201d Hossam says. \u201cThe talent is here, the ambition is here, the progressive regulatory framework is here, and the [potential] to build world-class financial infrastructure businesses is as compelling as anywhere in the world.\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a 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class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"700981\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/beltone-vc-and-citadel-exit-bosta-at-75-irr\/\">\r\n                            Bosta's last mile with Beltone                        <\/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\/05\/11\/beltone-vc-and-citadel-exit-bosta-at-75-irr\/\" 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\/05\/11\/beltone-vc-and-citadel-exit-bosta-at-75-irr\/')\">\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\/05\/11\/beltone-vc-and-citadel-exit-bosta-at-75-irr\/\">\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=Beltone VC and Citadel exit Bosta at 75% IRR&url=https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/beltone-vc-and-citadel-exit-bosta-at-75-irr\/\">\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\/05\/11\/beltone-vc-and-citadel-exit-bosta-at-75-irr\/&title=Beltone VC and Citadel exit Bosta at 75% IRR\">\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=Beltone+VC+and+Citadel+exit+Bosta+at+75%25+IRR+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F05%2F11%2Fbeltone-vc-and-citadel-exit-bosta-at-75-irr%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\/05\/11\/beltone-vc-and-citadel-exit-bosta-at-75-irr\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/497.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"700982\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/beltone-vc-and-citadel-exit-bosta-at-75-irr\/497-jpg-28\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/497.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"497.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/497.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/497.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-700981\" class=\"content-area-description single-story post-700981 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-enterpriseam tag-ma tag-ma-watch 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>Beltone<\/strong><strong> VC and Citadel have <\/strong><strong>offloaded Bosta stakes<\/strong><strong> at 75% IRR \u2014 just as the logistics player <\/strong><strong>eyes the EGX.<\/strong> Beltone Venture Capital and UAE-based Citadel International Holdings exited their stake in Egyptian last-mile logistics player Bosta, netting a 75% internal rate of return, Beltone <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/493.pdf\" style=\"\">said (pdf)<\/a>. The buyer and valuation were not disclosed.<\/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 75% IRR is a real number in a climate where the devaluation has eaten through a lot of returns over the past three years. It also comes at a useful moment for Beltone VC, which has now booked five exits since its 2023 launch and two from its joint fund with Citadel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next:<\/strong> Bosta is <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/02\/bosta-may-soon-be-delivering-itself-to-the-egx\/\" style=\"\">reportedly preparing for a USD 170 mn IPO<\/a> on the EGX later this year. It\u2019s worth watching to see if the unnamed buyer is positioning ahead of that listing or whether this is a clean pre-IPO secondary.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma\/\">M&amp;A<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"700983\" 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=\"700983\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/nbe-buys-20-of-scatecs-usd-600-mn-obelisk-solar-project\/\">\r\n                            NBE catches some rays                        <\/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\/05\/11\/nbe-buys-20-of-scatecs-usd-600-mn-obelisk-solar-project\/\" 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\/05\/11\/nbe-buys-20-of-scatecs-usd-600-mn-obelisk-solar-project\/')\">\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\/05\/11\/nbe-buys-20-of-scatecs-usd-600-mn-obelisk-solar-project\/\">\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=NBE buys 20% of Scatec's USD 600 mn Obelisk solar project&url=https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/nbe-buys-20-of-scatecs-usd-600-mn-obelisk-solar-project\/\">\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\/05\/11\/nbe-buys-20-of-scatecs-usd-600-mn-obelisk-solar-project\/&title=NBE buys 20% of Scatec's USD 600 mn Obelisk solar project\">\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=NBE+buys+20%25+of+Scatec%27s+USD+600+mn+Obelisk+solar+project+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F05%2F11%2Fnbe-buys-20-of-scatecs-usd-600-mn-obelisk-solar-project%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\/05\/11\/nbe-buys-20-of-scatecs-usd-600-mn-obelisk-solar-project\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/515.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"700984\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/nbe-buys-20-of-scatecs-usd-600-mn-obelisk-solar-project\/515-jpg-45\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/515.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"515.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/515.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/515.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-700983\" class=\"content-area-description single-story post-700983 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch tag-debt tag-energy tag-enterpriseam tag-ma-watch tag-national-bank-of-egypt tag-renewables tag-scatec tag-solar 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>Power play: <\/strong>The National Bank of Egypt (NBE) bought a 20% stake in Norwegian developer Scatec\u2019s 1.1 GW Obelisk solar project in Nagaa Hammadi for an undisclosed sum, the company said in a <a target=\"_blank\" href=\"https:\/\/www.scatec.com\/en\/scatec-signs-equity-partnership-agreement-for-obelisk-in-egypt\/\" style=\"\">statement<\/a> last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where it stands:<\/strong> The transaction makes state-owned NBE \u2014 Egypt\u2019s largest commercial bank \u2014 a co-owner of the USD 600 mn solar-plus-storage plant, alongside Norwegian state-run investment fund Norfund and French state-owned EDF Power Solutions. Each holds a 20% stake in the project's operating company after <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/09\/scatec-brings-norfund-and-edf-as-equity-partners-in-obelisk\/\" style=\"\">signing on in December 2025<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Scatec maintains control:<\/strong> NBE\u2019s entry brings Scatec\u2019s share down to 40%, though the Norwegian developer retains majority control \u2014 it has 75% of Obelisk\u2019s holding company, with Norfund holding the remaining 25%. This structure allows Scatec to maintain decision-making authority while partners hold economic stakes \u2014 the right to receive income and bear losses \u2014 at the operating company level.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Obelisk at a glance: <\/strong>The plant is Africa\u2019s largest hybrid solar and battery storage facility. Scatec <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/07\/scatec-breaks-ground-on-obelisk-solar-and-battery-storage-project\/\" style=\"\">broke ground in May 2025<\/a> under a 25-year, USD-denominated power purchase agreement with the Egyptian Electricity Transmission Company. The plant is being developed in two phases: the first 561 MW \u2014 along with 100 MW \/ 200 MWh of battery storage \u2014 reached commercial operation in February 2026, and the second 564 MW phase is due this summer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The debt stack: <\/strong>Before selling down equity, Scatec <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/16\/scatecs-usd-600-mn-obelisk-solar-project-reaches-financial-close\/\" style=\"\">secured a non-recourse debt package<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/06\/16\/scatecs-usd-600-mn-obelisk-solar-project-reaches-financial-close\/\" style=\"\"><\/a> covering roughly 80% of the project\u2019s capex. The financing was provided by a consortium of international development institutions, including the European Investment Bank, the African Development Bank, the European Bank for Reconstruction and Development, and British International Investment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is the capital-recycling playbook in action.<\/strong> Scatec develops the project, derisks it through construction and partial operation, then sells down equity to make money available for the next one. For NBE, the move marks a shift from debt provider to equity owner in the renewables space.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS-<\/strong> Matouk Bassiouny & Hennawy advised Scatec on the transaction, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/485.pdf\" style=\"\">statement<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/485.pdf\" style=\"\">(pdf)<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/\">debt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-bank-of-egypt\/\">National Bank of Egypt<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/scatec\/\">Scatec<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/solar\/\">solar<\/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=\"700985\" 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=\"700985\">\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\">Coffee With<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/coffee-with-adham-abouzied-on-why-most-ai-projects-dont-pay-off\/\">\r\n                            BCG\u2019s Adham Abouzied on why most AI projects don't pay off                        <\/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\/05\/11\/coffee-with-adham-abouzied-on-why-most-ai-projects-dont-pay-off\/\" 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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Leading the push is Adham Abouzied (<a target=\"_blank\" href=\"http:\/\/linkedin.com\/in\/adham-abouzied?originalSubdomain=eg\" style=\"\">LinkedIn<\/a>), managing director and partner at BCG X and BCG globally, who returned to Egypt four years ago after helping build BCG X\u2019s presence in Casablanca. We sat down with Abouzied to discuss Egypt\u2019s AI potential, why most companies still struggle to create value from AI, and how organizations will need to rethink the way they do business in the AI era.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM: What is BCG X and how\u2019s it different from your other services?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adham Abouzied: <\/strong>BCG global launched BCG X 10-12 years ago as a Tech and AI division built from within the consultancy \u2014 engineers, data scientists, software developers, and designers. We've recently decided to accelerate BCG X in Egypt across recruitment and client service.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BCG and BCG X usually work together. <\/strong>The presence of a BCG consultant ensures what BCG X builds aligns with company vision, strategy, and value creation, and avoids disconnect \u2014 one of the major risks in these investments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM: Is it just AI and digital transformation?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AA:<\/strong> Our model is differentiated from typical software vendors. We work on IP creation where IP does not exist \u2014 almost every project is first-of-a-kind, where software either doesn\u2019t exist or needs are too tailored for standard solutions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We embed in client squads, develop their teams, and grow talent.<\/strong> We create IP with their teams \u2014 not in-house and thrown at them. They build it with us, carry it over, and run with it. Talent capacity building is a key differentiator.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM: Which sectors do you see benefiting the most from tailored AI solutions?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AA:<\/strong> Every sector has huge AI potential \u2014 not only to consume AI but to create bespoke applications. Financial services stand out, especially banks. Also travel, tourism, infrastructure, real estate, and industrial goods.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM: Why accelerate BCG X in Cairo now?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AA:<\/strong> What differentiates Egypt is the chance to build new, world-class IP and breakthroughs. My KPI isn\u2019t team size or revenue \u2014 it\u2019s creating a success story with globally renowned IP. The combination of Egyptian companies undergoing transformation and world-class talent through BCG X is the winning formula.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM: What advice do you have for companies onboarding entry-level staff in the AI era?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AA:<\/strong> I'll answer wearing my emerging market hat. Every company in Egypt has a growth imperative, and despite a huge supply of talent, it's insufficient to meet growth targets. In our situation, productivity improvements fuel growth \u2014 not bottom-line savings on entry-level jobs. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Every company needs double-digit growth to survive.<\/strong> When we build AI business cases with clients, it's to fuel the growth engine.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM: How is AI adoption in emerging markets different?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AA:<\/strong>First is data. It exists but is fragmented across organizations, in different formats and languages. Significant effort is needed on classification \u2014 what\u2019s highly sensitive, critical, personally identifiable, or less so \u2014 and the policy for each class. With proper security and clear policies on what's allowed on premise, on cloud, or in LLM prompts, it becomes a fast lane for adoption.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Second is potential. <\/strong>Emerging markets are high-potential for talent. People say talent is mobile and can work remotely \u2014 true \u2014 but working on cutting-edge projects at home is priceless. That\u2019s a core engine for adoption.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM: Do companies treat AI as a silver bullet?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AA:<\/strong>A recent BCG X report, The Widening AI Value Gap, found only 5% of companies say they're realizing clear bottom-line returns from AI.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The challenge is that AI requires major transformation of core processes<\/strong> \u2014 reimagining and reengineering them, which is difficult given legacy and organizational constraints. You're not just changing processes, but organization, staffing, incentives, KPIs, governance, and controls. The breakdown is clear: 10% algorithms and engineering, 20% data and technology architecture, and 70% organizational transformation. That\u2019s why it\u2019s difficult.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM: We\u2019re past the stage where leaders recognize AI\u2019s potential. What are the key concepts business leaders today need to understand?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AA:<\/strong> Today your organizational chart has people and teams; tomorrow it has teams and AI agents \u2014 and they come with their burden, the same way humans do. They don\u2019t have a salary, but you pay for tokens, API costs, and infrastructure. Every call costs money \u2014 and sometimes carbon emissions and water consumption. With hundreds of agents, it's a new science in the organization.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Then there\u2019s quality and ethics. <\/strong>Can you use AI in recruiting? It\u2019s a tough question. Policies are ramping up, but you might replicate biases that should be governed. How do you oversee that? The last bit is cyber risk. The more you deploy client-facing AI, the more your exposure surface increases.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM: As AI adoption increases, will we talk about AI strategy or just strategy?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AA:<\/strong> It evolves \u2014 it becomes part of life, an augmentation of the organization. It becomes your strategy. This happened before with digital, more slowly. Now it\u2019s happening on steroids. You still need governance, compliance, talent, value proposition, vision, and ethics. But planning like in the digital era \u2014 with a three-year roadmap \u2014 doesn\u2019t work. It becomes planning under uncertainty. That\u2019s why we tell clients: doing an AI strategy for months and producing a document has little value \u2014 by the time it\u2019s done, things have changed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM: Is BCG X the future of consulting?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AA:<\/strong>BCG X is a specific type of team and offering. We don\u2019t produce documents or slides \u2014 we produce products, code, and software. We work at the frontier of technology, serving global leaders like Amazon Web Services and Foxconn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AI is also transforming how consultants work.<\/strong> Today consultants operate completely differently from one or two years ago \u2014 with major investments in agents. Human judgment and business strategy remain, but expectations on productivity, speed, and output are much higher.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/coffee-with\/\">Coffee With<\/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=\"700987\" 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=\"700987\">\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\">A MESSAGE FROM VODAFONE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/decisions-are-no-longer-only-human-vodafone-is-enabling-ai-to-drive-what-comes-next\/\">\r\n                            Decisions are no longer only human. Vodafone is enabling AI to drive what comes next                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/decisions-are-no-longer-only-human-vodafone-is-enabling-ai-to-drive-what-comes-next\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/decisions-are-no-longer-only-human-vodafone-is-enabling-ai-to-drive-what-comes-next\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/decisions-are-no-longer-only-human-vodafone-is-enabling-ai-to-drive-what-comes-next\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Decisions are no longer only human. Vodafone is enabling AI to drive what comes next&url=https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/decisions-are-no-longer-only-human-vodafone-is-enabling-ai-to-drive-what-comes-next\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/decisions-are-no-longer-only-human-vodafone-is-enabling-ai-to-drive-what-comes-next\/&title=Decisions are no longer only human. Vodafone is enabling AI to drive what comes next\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Decisions+are+no+longer+only+human.+Vodafone+is+enabling+AI+to+drive+what+comes+next+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F05%2F11%2Fdecisions-are-no-longer-only-human-vodafone-is-enabling-ai-to-drive-what-comes-next%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/decisions-are-no-longer-only-human-vodafone-is-enabling-ai-to-drive-what-comes-next\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/469.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"700988\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/decisions-are-no-longer-only-human-vodafone-is-enabling-ai-to-drive-what-comes-next\/469-jpg-26\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/469.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"469.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/469.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/469.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-700987\" class=\"content-area-description single-story post-700987 post type-post status-publish format-standard has-post-thumbnail hentry category-a-message-from-vodafone tag-a-message-from-vodafone tag-enterpriseam tag-vodafone tag-vodafone-egypt 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>AI is becoming central to how organizations operate, advancing from experimentation<\/strong><strong> into everyday decision-making.<\/strong> Vodafone Business is playing an active role in this shift by expanding its local offering to include GenAI agents, intelligent assistants, and professional services to help businesses move past automation toward more precise, data-driven decisions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In manufacturing-based industries, Vodafone Business delivers AI-driven solutions such<\/strong><strong> as predictive maintenance and production scheduling to improve operations and asset performance. <\/strong>By converting real-time data into forward-looking insights, these technologies reduce downtime and improve equipment reliability, helping align production with demand. Vodafone\u2019s AI-powered video analytics also supports health and safety compliance by monitoring high-risk areas and PPE usage, enabling faster response to risks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A similar shift is taking place closer to the customer, where Vodafone Business is<\/strong><strong> helping retail, real estate, and e-commerce leaders refine customer insights and respond more quickly to market signals.<\/strong> Tools such as video analytics and social media listening translate in-store behavior and online sentiment into merchandising and marketing decisions. Meanwhile, Vodafone\u2019s AI systems also automate data extraction from unstructured invoices and reports, while GenAI chatbots provide round-the-clock engagement and streamline customer support.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As organizations scale these capabilities, Vodafone Business focuses on integrating<\/strong><strong> these solutions into connected systems to enable faster, more accurate decision-making.<\/strong> AI is moving from standalone tools to more connected environments, allowing businesses to act with greater agility. By embedding AI into operational workflows, Vodafone Business is enabling organizations to translate data into decisions at scale.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/a-message-from-vodafone\/\">A MESSAGE FROM VODAFONE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vodafone\/\">Vodafone<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vodafone-egypt\/\">Vodafone Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"700989\" 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=\"700989\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/fra-chief-islam-azzam-joins-gafi-board-as-govt-streamlines-investment-oversight\/\">\r\n                            FRA head Islam Azzam now has a seat on GAFI\u2019s board                        <\/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\/05\/11\/fra-chief-islam-azzam-joins-gafi-board-as-govt-streamlines-investment-oversight\/\" 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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Besides his role as head of the FRA, he sits on the cabinet\u2019s Economic Group and the Ministerial Committee for Entrepreneurship. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER: GAFI just welcomed a new head.<\/strong> Last month, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/30\/meet-gafis-new-head-mohamed-awad\/\" style=\"\">Mohamed Awad was tapped to serve as the authority\u2019s CEO<\/a> for a one-year period. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">New Americana COO for multi-brands<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Americana Restaurants<\/strong><strong> appointed company veteran Hesham Talaat <\/strong><strong>(<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/hesham-talaat-415b9764\/\" style=\"\">LinkedIn<\/a><\/strong><strong>) as chief operating officer for multi-brands<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/458.pdf\" style=\"\">statement (pdf)<\/a>. Talaat, who has been with the group for over three decades, will now oversee operations for Hardee\u2019s, Krispy Kreme, and Baskin Robbins franchises across the Middle East. He will also maintain his current mandate as general manager for the company\u2019s critical Egypt and Iraq markets.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/americana\/\">Americana<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/general-authority-for-investment-and-freezones\/\">General Authority for Investment and Freezones<\/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=\"700991 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=\"700991\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/700991\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-700991\" class=\"content-area-description single-story post-700991 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\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=\"700992\" 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=\"700992\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/andalusia-health-gets-a-booster-shot-from-banque-misr\/\">\r\n                            Andalusia Health gets a booster shot from Banque Misr                        <\/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\/05\/11\/andalusia-health-gets-a-booster-shot-from-banque-misr\/\" 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 package includes an EGP 300 mn tranche and USD 6.5 mn (c.EGP 343 mn) facility, earmarked to fund a 70-bed addition to the hospital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> Healthcare is a high-growth, defensive sector that remains a favorite for local lenders. The loan\u2019s dual-currency structure allows Andalusia to secure the USD needed for imported specialized medical equipment while covering its local construction costs in EGP, as the group looks to better manage its <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/the-old-capital-gains-tax-might-be-restored\/#596626\" style=\"\">USD 1 bn in assets under management<\/a>.<\/p>\n<p class=\"tag-border-left\">The Oberoi Sahl Hasheesh has a new owner <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have a name for the mystery buyer behind the massive Sahl <\/strong><strong>Hasheesh<\/strong><strong> divestment.<\/strong> Hospitality giant PickAlbatros snapped up the Oberoi Beach Resort and its surrounding 800k sqm land bank in an EGP 3.8 bn allcash transaction, the <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/131996\/%D8%A8%D9%8A%D9%83-%D8%A7%D9%84%D8%A8%D8%A7%D8%AA%D8%B1%D9%88%D8%B3-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AA%D8%AD%D9%88%D8%B0-%D8%B9%D9%84%D9%89-%D9%85%D9%86%D8%AA%D8%AC%D8%B9-%D8%A3%D9%88%D8%A8%D8%B1%D9%88%D9%8A-%D8%A8%D9%8A%D8%AA%D8%B4\/\" style=\"\">Arabic press<\/a> reports. Owned by b\u2019naire Kamel Abou Aly, the group acquired the Red Sea properties from subsidiaries of the Export Development Bank of Egypt (EBank), in line with the goal of deploying its targeted USD 200 mn investment pipeline for this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> EBank initially announced the divestment back in <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/490.pdf\" style=\"\">August 2025 (pdf)<\/a>, but kept the buyer\u2019s identity under wraps. The lender\u2019s subsidiaries cleanly offloaded their Sahl Hasheesh stakes at a solid premium <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/491.pdf\" style=\"\">back in February (pdf)<\/a>, securing an EGP 3.8 bn final price against a fair value assessment of EGP 3.3 bn.<\/p>\n<p class=\"tag-border-left\">Baraka moves to swallow Tawfeeq Leasing <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Baraka Bank\u2019s shareholders signed off on its plans to launch a <\/strong><strong>mandatory<\/strong> <strong>tender offer for up to 90% of Al Tawfeeq Leasing (AT Lease)<\/strong> via share swap with nocash option, it said in <a target=\"_blank\" href=\"https:\/\/ent.news\/internal\/116876.pdf\" style=\"\">a bourse filing (pdf)<\/a>. The transaction values Al Baraka at EGP 26 per share and AT Lease at EGP 4.99 apiece, maintaining a swap ratio of 0.19 Al Baraka shares for every AT Lease share. The acquisition will see Al Baraka issue up to 63.2 mn new shares to AT Lease shareholders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> This acquisition has been brewing since <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/10\/06\/al-baraka-eyes-majority-stake-in-al-tawfeek-leasing-through-share-swap-mto\/\" style=\"\">last October<\/a>, when the bank notified the Financial Regulatory Authority of its intention to raise its existing 7.6% holding in the leasing firm. <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/29\/al-baraka-gets-more-time-to-submit-mto-for-at-lease-majority\/\" style=\"\">In December<\/a>, it was granted a 60-day extension to formally submit its tender.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div 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data-image-meta=\"[]\" data-image-title=\"\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/internal\/701066.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/internal\/701066.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-700994\" class=\"content-area-description single-story post-700994 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;text-align: left\"><strong>The largest US tech IPO of 2026 \u2014 a UAE-backed AI chipmaker \u2014 will price <\/strong><strong>an already overflowing book this week. <\/strong>Cerebras\u2019 offering of 30 mn shares is already 20x covered, with the California-based business expected to raise its price range by USD 35 per share to USD 150-160 as early as today, <a href=\"https:\/\/www.reuters.com\/legal\/transactional\/cerebras-raise-ipo-price-range-150-160-demand-surges-sources-say-2026-05-10\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a> reports, citing people it says are in the know. The top of the rumored range implies a market cap of roughly USD 34 bn at listing (up from <a href=\"https:\/\/www.cnbc.com\/2026\/05\/04\/cerebras-ipo-ai-chipmaker.html\" target=\"_blank\" rel=\"noopener\">USD 23 bn in February<\/a>) and IPO proceeds of about USD 4.8 bn (up from USD 3.5 bn originally), by our math.<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Read this as the moment US capital markets put a number on Abu Dhabi's AI thesis. <\/strong>UAE entities make up 86% of the AI chipmaker\u2019s revenue. Mohamed bin Zayed University of AI, the research anchor of the UAE's entire AI strategy, accounted for 62% of the firm's 2025 top line, and Abu Dhabi-backed AI firm G42 accounted for 24%, according to the <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2021728\/000162828026029503\/cerebras-sx1amay2026.htm\" target=\"_blank\" rel=\"noopener\">prospectus<\/a>. G42 alone drove 85% of Cerebras\u2019 revenue in 2024.<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>ICYMI-<\/strong> The AI chipmaker first filed to go public in 2024, but the Committee on Foreign Investment in the US <a href=\"https:\/\/www.reuters.com\/technology\/cerebras-ipo-further-delayed-us-national-security-review-drags-2025-03-25\/\" target=\"_blank\" rel=\"noopener\">opened a formal investigation<\/a> into G42\u2019s minority position over concerns that G42\u2019s ties to Chinese tech companies could undermine US export controls and give Beijing access to advanced AI chips. The move was ultimately cleared after Cerebras restructured <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/22\/this-morning-is-g42-no-longer-an-investor-in-cerebras-macron-discusses-more-investments-in-ai-energy-and-tech-with-uae-president\/\" target=\"_blank\" rel=\"noopener\">G42\u2019s equity stake<\/a> into non-voting shares with no board influence, following some diplomatic lifting by UAE national security advisor Tahnoun bin Zayed Al Nahyan.<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The commercial tie-up runs deeper than any shareholding anyway.<\/strong> The semiconductor firm is also deploying AI infrastructure inside the <a href=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/14\/du-plans-1-gw-ai-park-in-dubai\/\" target=\"_blank\" rel=\"noopener\">UAE\u2019s Stargate project<\/a> \u2014 the cluster being built alongside Nvidia, OpenAI, and Oracle, which is set to be operational this year with an initial 200 MW capacity, <a href=\"https:\/\/www.itp.net\/news\/cerebras-is-heading-to-nasdaq-and-the-uae-has-a-lot-riding-on-it\" target=\"_blank\" rel=\"noopener\">ITP<\/a> reports, making the case for Cerebras as the compute backbone of a sovereign AI strategy.<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The pitch?<\/strong> Cerebras is a credible Nvidia alternative with wafer-scale chips, backed by OpenAI compute demand and AWS. The business printed headline net income last year \u2014 driven by a non-operating accounting gain \u2014 with its top line up 20-fold in three years, according to ITP. Whether the market is right to price in a smooth transition to a more global revenue mix \u2014 implied by the OpenAI and AWS agreements but not yet visible in the financials \u2014 is the open question underneath the 20x book.<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>A live test case for the model: <\/strong>If Cerebras\u2019 IPO prices well and trades above offer, it validates Abu Dhabi's early wager on AI infrastructure and gives the UAE-backed play a clean read-through in public markets, ITP\u2019s Pavneet Kaur argues. It also sets the \u201ctemplate\u201d moving forward that GCC participation comes with tighter guardrails around control and access to sensitive US tech.<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>ADVISORS- <\/strong>Morgan Stanley, Citigroup, Barclays, and UBS are quarterbacking the transaction, among others.<\/p><p class=\"tag-border-left\">MARKETS THIS MORNING-<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Asia-Pacific <\/strong><strong>markets are mixed in early trading this morning<\/strong> as investors try to digest rising geopolitical tension and rising crude prices. The Nikkei is down over 0.3%, while South Korea\u2019s Kospi is looking at gains that pushed it to fresh highs. It remains unclear how Wall Street will open, with futures fluctuating between gains and losses.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>EGX30<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">54,629<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">+1.9% (YTD: +30.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">Buy 52.51<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">Sell 52.65<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\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 style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">Buy 52.50<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">Sell 52.60<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Interest rates (CBE)<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">19.00% deposit<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\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\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">11,115<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">+0.8% (YTD: +6.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">9,840<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">-0.4% (YTD: -1.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">5,902<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">-0.5% (YTD: -2.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\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 style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">7,399<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">+0.8% (YTD: +8.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">10,233<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">-0.4% (YTD: +3.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">5,912<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">-1.0% (YTD: +2.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">USD 105.06<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">+3.7%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">USD 2.76<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">-0.4%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">USD 4,529<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">-0.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">USD 81,636<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">+1.3% (YTD: -6.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\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 style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">1,050<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">+0.1% (YTD: +5.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\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 style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">151.88<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">-0.1% (YTD: 0.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>VIX (Volatility Index<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">17.19<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">+0.6% (YTD: +15.0%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p class=\"tag-border-left\">THE CLOSING BELL-<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The EGX30 rose<\/strong><strong> 1.9% at <\/strong><strong>yesterday\u2019s<\/strong><strong> close<\/strong> on turnover of EGP 12.3 bn (63.0% above the 90-day average). Regional investors were the sole net sellers. The index is up 30.6% YTD.<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>In the green:<\/strong> Raya Holding (+11.2%), Palm Hills Developments (+8.4%), and Ibnsina Pharma (+6.3%).<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>In the red:<\/strong> Heliopolis Housing (-1.6%), Misr Cement (-1.5%), and Valmore Holding -EGP (-1.2%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull vertical-section wide-section blackboard wp-block-group issue-section\" id=\"700995\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27466.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into education in Egypt, from K-12 to post-secondary.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27480.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Monday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/blackboard\/\">\r\n                            Read Blackboard                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">10<\/div>\r\n\r\n                        <p class=\"f-graphik\">BLACKBOARD<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/micro-credentials-gain-ground-as-focus-shifts-from-degrees-to-skills\/\">\r\n                            Why your next hire might not need a master\u2019s degree<\/a>\r\n                        <\/h3>\r\n                        \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/micro-credentials-gain-ground-as-focus-shifts-from-degrees-to-skills\/\" 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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Programs span local training from the Information Technology Institute and the Digital Egypt Pioneers Initiative (DEPI) to global options like Google Career Certificates on Coursera and Udacity Nanodegrees, iCareer founder and CEO Akram Marwan tells EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The shift reflects a broader rethink of education \u2014 less a one-time university experience, more a continuous process of reskilling. <\/strong>As technologies evolve faster than universities can adapt, workers and employers want cheaper, targeted ways to build job-ready skills, Marwan says. Lower-cost online programs and funded initiatives like DEPI are also widening access beyond Cairo and Alexandria, potentially expanding the pool for remote and digital jobs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Employers are paying attention.<\/strong> 97% of surveyed UAE employers said they're more likely to hire a candidate with a micro-credential, Coursera CEO Greg Hart <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/12\/11\/job-seekers-are-leaning-on-microcredentials-and-online-courses-amid-rising-competition-and-demand-for-new-skills\/\" style=\"\">previously told EnterpriseAM<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But Egypt is still early.<\/strong> An AUC report covered in a previous <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/how-egyptian-companies-are-rethinking-corporate-learning\/\" style=\"\">Blackboard deepdive<\/a> found just 27% of surveyed organizations were familiar with micro-credentials and only 21% had adopted them. Those that have report flexibility and affordability as the major advantages.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trust is the bottleneck. <\/strong>Certifications backed by global names \u2014 AWS, Cisco, Google, Meta, PMP, SHRM \u2014 carry weight, but the market remains fragmented with varying quality standards and little formal regulation, Marwan says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The degree still anchors hiring. <\/strong>Micro-credentials function as a supplement, not a replacement \u2014 employers view them as specialization layered on top of formal education, Marwan says. The emerging model is hybrid, not disruptive.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sector uptake is uneven. <\/strong>In tech, digital marketing, design, UI\/UX, product management, and digital sales, employers increasingly prioritize portfolios and practical certifications over academic background, Marwan says. GitHub repositories, portfolios, and project-based work are becoming important signals. In regulated sectors \u2014 medicine, engineering, law \u2014 degrees remain mandatory and licensing frameworks leave little room for alternatives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What's next for universities? <\/strong>The implication may be less about replacement than redefinition. Universities are expanding executive education, launching shorter professional programs, and experimenting with stackable credentials students can build over time. The likely split: foundational knowledge and critical thinking from universities; rapidly evolving technical skills from shorter credentials.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/blackboard\/\">Blackboard<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/technology\/\">technology<\/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=\"700997\" 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\/05\/11\/700997\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-700997\" class=\"content-area-description single-story post-700997 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;\">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;\">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\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>Beltone + Citadel exit Bosta | NBE buys solar project stake | A new private airline?<\/p>\n","protected":false},"featured_media":700974,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-700973","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"45fe6a8e-dc25-4121-9fca-6d69784b1970","teaser":"Beltone + Citadel exit Bosta | NBE buys solar project stake | A new private airline?","photo_url":"https:\/\/ent.news\/2026\/5\/517.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>Apis Partners closes third fund at more than double its predecessor - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/apis-partners-closes-third-fund-at-more-than-double-its-predecessor\/\" \/>\n<meta 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