{"id":707128,"date":"2026-06-02T00:00:00","date_gmt":"2026-06-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=707128"},"modified":"2026-06-02T02:57:28","modified_gmt":"2026-06-02T02:57:28","slug":"a15-eyes-10th-exit","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/a15-eyes-10th-exit\/","title":{"rendered":"A15 eyes 10th exit"},"content":{"rendered":"<section id=\"707130\" 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=\"707130\">\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\/06\/02\/tmg-secures-land-for-usd-10-bn-iraqi-project\/\">\r\n                            Talaat Moustafa Group sets sights on Baghdad                        <\/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\/06\/02\/tmg-secures-land-for-usd-10-bn-iraqi-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(); 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Also on our radar, natural gas is losing its VAT exemption for the first time as the government slaps a new EGP 20 table tax on the fuel to ease the budget burden.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/omny.fm\/shows\/enterpriseam-egypt\" style=\"\">WISH THIS MORNING\u2019S ISSUE was a podcast? We\u2019ve got you. Tap or click here<\/a><\/strong> to listen to Morning Drive, a 10-minute version of today\u2019s issue crafted for you to enjoy with your morning coffee, while getting the kids ready for school, <strong>or while stomping around the house wondering where the [redacted] you left your [redacted] reading glasses<\/strong><strong>.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><\/p>\n<p class=\"tag-border-left\"> Next stop: Baghdad<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a>  <strong>Talaat Moustafa Group\u2019s (<\/strong><strong>TMG<\/strong><strong>) Iraqi subsidiary secured land and a license for a USD 10 bn megaproject in Baghdad<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/6\/53.pdf\" style=\"\">press release (pdf)<\/a>. Located within Baghdad Financial and Economic City, the 12.8 mn sqm project will house 250k residents across 43k units, launching with a 16-year construction timeline and a 12-year sales window.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>The project targets USD 18.8 bn in sales and a 20% gross margin, plus USD 108 mn in annual recurring revenues from its commercial and hospitality assets. The allocation boosts TMG\u2019s total land bank to 128 mn sqm as it taps into Iraq\u2019s untapped real estate market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>The Baghdad megaproject accelerates TMG\u2019s drive to expand beyond Egypt and secure new sources of foreign-currency revenue. The move follows an initial push into Iraq earlier this year alongside other major Egyptian firms like <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4f8ba478-25f9-400d-b7cc-3a9a9929200f\/japan%25e2%2580%2599s-yazaki-kicks-off-construction-of-auto-parts-factory.-plus:-news-from%253cmark%253e-ora%253c%2Fmark%253e-developers,-bosta,-taqa-volt.\" style=\"\">Sawiris-owned Ora Developers<\/a> and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/04\/edita-secures-egp-500-mn-loan-to-boost-production-capacity\/\" style=\"\">Edita Food Industries<\/a>. It joins TMG\u2019s USD 10.7 bn <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/06\/pif-wants-to-boost-its-investment-in-bahrain-plus-ma-manufacturing-and-real-estate\/\" style=\"\">Banan<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/03\/06\/pif-wants-to-boost-its-investment-in-bahrain-plus-ma-manufacturing-and-real-estate\/\" style=\"\">City project<\/a> in Riyadh and USD 4.7 bn of new developments in <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/20\/tmg-announces-oman-expansion-with-two-developments-in-the-pipeline\/\" style=\"\">Oman<\/a>. Back home, the launch of its EGP 1 tn <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/07\/03\/tmg-announces-its-first-venture-into-the-north-coast\/\" style=\"\">SouthMed project<\/a> on the North Coast helped drive the group to a record EGP 391 bn in total sales in 1H 2024.<\/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\">Tweaking the VAT again<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Natural gas is losing its value-added tax (VAT) exemption for the first <\/strong><strong>time<\/strong>, slapping a flat EGP 20 per thousand cubic feet table tax on the fuel to ease the state\u2019s budget burden, according to a newly approved <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/6\/88.pdf\" style=\"\">Cabinet draft law (pdf)<\/a>. The amendments also extend a VAT suspension on production machinery and medical equipment to four years to stimulate local manufacturing and keep capital from getting locked up in red tape. The draft law will now move to the House for approval.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> The state is broadening its tax net and dismantling long-standing exemptions to hit a record <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/16\/finmin-targets-a-28-jump-in-tax-revenues-for-fy-2026-27\/\" style=\"\">EGP 3.5 tn tax<\/a> revenue target for FY 2026\/2027 and shrink its EGP 2.7 tn financing gap. By steadily <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/03\/19\/finmin-to-issue-amendments-to-the-vat-law\/\" style=\"\">phasing out<\/a> special tax treatments on goods like sugar, tea, professional services \u2014 and now gas \u2014 the government is aligning with IMF recommendations to unify the standard 14% rate and eliminate market distortions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">A breeze for Alcazar<\/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 European Bank for Reconstruction and Development (EBRD) is considering a USD 200 mn loan package to back UAE-based Alcazar Energy Partners\u2019<\/strong> 500 MW wind complex in Ras Ghareb, according to two disclosures from the lender (<a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/home\/work-with-us\/projects\/psd\/57099.html\" style=\"\">here<\/a> and <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/home\/work-with-us\/projects\/psd\/57111.html\" style=\"\">here<\/a>). EBRD could provide up to USD 100 mn each for the two 250 MW onshore wind projects, NIAT and Rasgha. Once operational, the farms will supply the state-owned Egyptian Electricity Transmission Company under a 25-year power purchase agreement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>The EBRD loans could make up a significant chunk of the USD 450 mn debt package Alcazar is raising to finance the overall USD 600 mn development. The Dubai-based firm inked an agreement <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/23\/alcazar-energy-siemens-gamesa-partner-on-500-mw-wind-project\/\" style=\"\">last November<\/a> to take over full ownership of the NIAT project from Siemens Gamesa, which will stay on board as a strategic partner to supply the turbines. The complex is expected to break ground in mid-2026, generating enough clean energy to power around 280k households.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> Gulf investors are increasingly becoming the primary engine for Egypt\u2019s green energy transition, <a target=\"_blank\" href=\"https:\/\/www.fdiintelligence.com\/content\/4e4392d3-2564-433a-9e56-0a9dfcddab82\" style=\"\">accounting for more than 60%<\/a> (USD 20.8 bn) of the foreign direct investment committed to local wind and solar projects since 2015. Alcazar itself is expanding its local footprint: The firm was reportedly close to finalizing a USD 416 mn takeover of the 580 MW <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/08\/gabal-el-zeit-deal-nears-finish-line-with-usd-416-mn-valuation\/\" style=\"\">Gabal El Zeit wind farm<\/a> in March, and reached an agreement <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/25\/alcazar-to-build-usd-2-5-bn-hybrid-renewables-project-in-zafarana\/\" style=\"\">back in 2024<\/a> with the government to build a USD 2.5 bn hybrid renewable energy station in Zafarana.<\/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\">GAFI washes hands of shareholder dispute <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>The <\/strong><strong>General<\/strong><strong> Authority of Investment and Freezones\u2019 (GAFI) Grievance Committee wrapped up a dispute that threatened to force<\/strong><strong> a board election at the Egyptian Resorts Company (ERC)<\/strong><strong>. <\/strong>Instead of ruling on the merits, the committee said the matter was legally void since the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/21\/egyptian-resorts-companys-board-defeats-attempt-to-unseat-it\/\" style=\"\">court-blocked 16 May meeting date<\/a> already passed without the vote taking place, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/internal\/706805.pdf\" style=\"\">a statement (pdf)<\/a> obtained by EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The backstory:<\/strong> A minority shareholder bloc holding a 25% stake had been trying to oust the board to secure a massively marked-down EGP 10 to the USD exchange rate for their Sahl Hasheesh land plots. However, the group lost its leverage after ERC won an unappealable international arbitration award which cancelled the bloc leaders\u2019 2015 land contracts, forcing them to return the plots for a USD 3.87 mn refund.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still dead in practice: <\/strong>\u201cTheoretically, the order is still on the books, but practically speaking, the decision no longer exists,\u201d Matouk Bassiouny & Hennawy partner Amr Ehab, who represented ERC in the dispute, tells EnterpriseAM. He previously told us that even if the committee rejects the grievance, the Administrative Court\u2019s interim ruling holds on its own.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next: <\/strong>For the assembly to be reconvened, GAFI would have to issue a new directive. However, the Administrative Court\u2019s ruling, which found the original decision \u201clikely to be annulled,\u201d makes that a much harder lift, Ehab says.<\/p>\n<p class=\"tag-border-left\">One step closer to stamp taxing EGX transactions<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A<\/strong><strong>lmost time fo<\/strong><strong>r stamp tax to replace capital gains tax:<\/strong> The Madbouly government has sent the amended stamp tax draft law \u2014 which replaces the capital gains tax with a tiered stamp tax of 0.05% on market makers and blue-chip stocks and 0.1% on all other shares \u2014 to the House, according to a document seen by EnterpriseAM. Sources previously told us that we can expect the government to introduce a stamp tax on EGX transactions next month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The introduction of the tax is expected to boost tax revenues by EGP 845 bn next fiscal <\/strong><strong>year<\/strong>, compared to <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/07\/a-look-into-the-govts-targeted-revenues-from-the-planned-stamp-tax-on-egx-transactions\/\" style=\"\">this year\u2019s target of EGP 722 bn<\/a>, which went uncollected because the law had not yet been passed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want the full story? <\/strong>We dove into the tax last month in our coverage of a wider tax package that also included changes to the VAT. Check it out <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/10\/new-tax-bill-heads-to-house-ahead-of-july-rollout\/\" style=\"\">here<\/a>.<\/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\">Time to pay up<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>S<\/strong><strong>tate-o<\/strong><strong>wned firms could soon face a new levy: <\/strong>The Madbouly government has greenlit a draft law that imposes a 5% levy on the net income of wholly state-owned companies, according to a document seen by EnterpriseAM. The measure aims to diversify state revenue streams amid global economic pressures.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The fine print: <\/strong>Companies in which the state or public bodies hold more than one third of capital will be required to cough up the equivalent of 4% of net income. Some entities will be subject to exemptions, provided the relevant authorities give their thumbs up. <\/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\">Data point <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>USD 34.9 bn \u2014 that\u2019s how much Egyptians abroad sent home during the first nine months of FY 2025\/2026<\/strong>, marking a 32% y-o-y jump from USD 26.4 bn recorded in the same period last year, according to a Central Bank <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/6\/80.pdf\" style=\"\">statement (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The war didn\u2019t hit remittances as some feared.<\/strong> The CBE's data reveals that USD 12.8 bn was channeled into the economy during 3Q (January-March). In March alone, remittances rose to about USD 5.5 bn, up from USD 3.8 bn in February and USD 3.5 bn <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egp-slips-against-the-greenback-as-markets-reopen-after-eid\/\" style=\"\">in January<\/a>.<\/p>\n<p class=\"tag-border-left\">PSA<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>It\u2019s warming up in Cairo today, with a high of 36\u00b0C and a low of 24\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>, with a high of 31\u00b0C and a low of 21\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\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/64.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Earning well is not the same as investing well \u2014 and for most mid-level executives and entrepreneurs, the gap between the two is wider than they\u2019d like to admit. The financial landscape has shifted. Regional markets are opening up, AI is rewriting how portfolios get managed, and Real Estate Investment Trusts (REITs) are entering the conversation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">And the questions that used to feel straightforward \u2014 buy or rent, fund the startup or play it safe, finance the car now or wait it out \u2014 are harder to answer than ever.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">In Issue 2 of EnterpriseAM Money Matters, we get into the decisions that don\u2019t have easy answers, because at this stage, playing it safe is the riskiest move you can make.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Coming straight to your inbox \u2014 Wednesday, June 3.<\/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>W<\/strong><strong>here do the ceasefire negotiations between the US and Iran <\/strong><strong>currently stand? <\/strong>After Tehran said it <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2026\/06\/01\/iran-us-trade-strikes-deal-end-war-remains-elusive\/\" style=\"\">suspended negotiations<\/a> with Washington due to Israel\u2019s recent ramp up of its assault on Hezbollah in Lebanon US President Donald Trump <a target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116677048828976704\" style=\"\">claimed<\/a> that he brokered a truce after talks with Tel Aviv and the Iran-backed group and that US-Iran negotiations <a target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116676087445077253\" style=\"\">are progressing<\/a> at a \u201crapid pace.\u201d Lebanon later <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/us-says-it-struck-iranian-military-sites-tehran-responds-with-air-base-attack-2026-06-01\/\" style=\"\">announced<\/a> a partial ceasefire, despite reports of ongoing strikes by Hezbollah. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, in the AI world: <\/strong>Anthropic has <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-01\/anthropic-files-confidentially-for-ipo-as-claude-demand-surges?srnd=homepage-middle-east\" style=\"\">confidentially submitted<\/a> paperwork for its IPO which could happen as early as this fall, potentially putting the startup ahead of OpenAI and its listing schedule. The Claude maker did not disclose the number or price of shares to be offered.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another tech player is looking to raise funds for AI investment: <\/strong>Alphabet <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/6\/113.pdf\" style=\"\">will sell<\/a> USD 80 bn worth of stock to fund investments in computing infrastructure to meet customer demand for AI products. The company intends to source the funds via underwritten offerings, a USD 10 bn investment from Berkshire Hathaway, and selling Class A and Class C shares.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A new strategy for the golden arches? <\/strong>McDonald\u2019s <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2026\/06\/01\/mcdonalds-mcd-unveils-growth-strategy.html\" style=\"\">has launched<\/a> its new growth strategy to attract diners, which will include higher-quality food, restaurant upgrades, consumer-led innovation, and improved customer service. The strategy comes at a time where consumers are demanding more value for their money and competitors upgrade their offerings, CEO Chris Kempczinski <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-01\/mcdonald-s-is-testing-wings-bigger-chicken-tenders-and-ai-drive-thrus\" style=\"\">said<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/239.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> EnterpriseAM\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue: <\/strong>We look at how Karm Solar is testing biological barriers like Casuarina trees and quinoa to protect its solar arrays from desert dust storms.<\/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\/alcazar-energy\/\">Alcazar Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/oil-and-gas\/\">oil and gas<\/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\/renewables-energy\/\">renewables energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/talaat-moustafa-group\/\">Talaat Moustafa Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tax\/\">tax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"707132 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=\"707132\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/707132\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-707132\" class=\"content-area-description single-story post-707132 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/somabay.com\/\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/1482.jpg?ssl=1\"><\/a><\/span><\/p><div class=\"grouped-tags\">\n<p><span style=\"font-weight:700;\">Where the grass court season begins.<\/span><\/p>\n<p><span style=\"font-weight:400;\">From 8-14 June 2026, Somabay will host one of the region\u2019s first professional grass court tournaments as part of the ITF World Tennis Tour, welcoming international players to the Red Sea for a week of world-class competition.<\/span><\/p>\n<p><span>Set within the Soma Sports Arena, the tournament reflects Somabay\u2019s continued rise as a leading destination for global sports events.<\/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=\"707133\" 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=\"707133\">\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\">Companies<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/a15-is-days-from-its-tenth-exit\/\">\r\n                            10.2x and counting                        <\/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\/06\/02\/a15-is-days-from-its-tenth-exit\/\" 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=\"#\" 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  <\/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\/06\/02\/a15-is-days-from-its-tenth-exit\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/103.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"707134\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/a15-is-days-from-its-tenth-exit\/103-jpg-43\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/103.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"103.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/103.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/103.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-707133\" class=\"content-area-description single-story post-707133 post type-post status-publish format-standard has-post-thumbnail hentry category-companies tag-a15 tag-companies tag-enterpriseam tag-ma tag-venture-building tag-venture-capital wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>A15 is within days of closing its tenth exit, Managing Partner <\/strong><strong>Karim Beshara tells EnterpriseAM <\/strong>\u2014 and the Cairo-based venture firm has already returned 10.2x DPI to its investors with the fund still active. \u201cWe\u2019re working on it,\u201d Beshara says of the imminent transaction. \u201cWe're hoping to sign in the next few days.\u201d The deal would follow last month\u2019s full sale of UAE-headquartered music distribution platform <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/22\/a15-sells-viral-wave-to-reservoir-partner-poparabia\/\" style=\"\">Viral Wave to PopArabia<\/a>, the regional partner of Nasdaq-listed Reservoir, for an undisclosed sum.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>DPI \u2014 distributions to paid-in capital \u2014 is the venture industry\u2019s truest performance measure: cashmoney actually returned to investors, divided by money they put in. 1x means LPs got their money back. 2-3x is a strong fund. Anything north of 5x at fund maturity is top-decile globally. 10.2x with the fund still active puts A15 in prize territory.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The structural choices behind the numbers are deliberate. <\/strong>A15 operates a standard GP\/LP structure backed primarily by family offices, but two decisions separate it from the institutional herd. The firm takes no management fees \u2014 \u201cwe actually make our money out of the carry, which aligns us with our investors fully,\u201d Beshara tells us \u2014 and bypasses development finance institutions like the IFC and EBRD, whose geographic, sector, and timeline mandates Beshara says introduce constraints A15 isn\u2019t willing to wear. \u201cThey come with constraints \u2026 We like the flexibility,\u201d he adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That flexibility translates to time. <\/strong>A partner at a peer regional VC fund, who spoke on condition of anonymity to discuss a competitor, says DFI-backed funds typically work to a strict 10-year deploy-and-exit window. \u201cThat constraint doesn\u2019t drive A15 the same way. Their approach has been to put small tickets at small valuations and secure a good return within a reasonable timeframe, rather than chasing that elusive, high-valuation unicorn exit.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The entry parameters are conservative by design.<\/strong> A15 writes cheques of USD 500k to USD 1.5 mn and rarely enters above a USD 10 mn valuation. From that base, it targets 8-10x returns. The firm\u2019s portfolio failure rate runs around 50%, which Beshara says is well below the regional early-stage average. One unnamed portfolio company turned USD 300k into USD 45 mn \u2014 a 128x return. \u201cThat's the math when the entry valuation is right.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This discipline kept A15 largely on the sidelines during the 2021-2022 valuation spike.<\/strong> \u201cThe valuations were running so far away from us, it was crazy,\u201d Beshara recalls, adding that many peak-vintage investments by other funds are unlikely to generate meaningful returns. When a former portfolio company employee approached A15 with a USD 20 mn valuation request on \u201can idea and a few lines of code,\u201d the firm declined. \u201cWhen a company is constantly trying to grow into an inflated valuation, management is forced to make compromises.\u201d The notable exception is Paymob, which Beshara held past his usual exit horizon \u201cbecause they have surpassed my plan.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The exits themselves are built to be bought.<\/strong> Viral Wave, spun out of A15\u2019s venture-building subsidiary ArpuPlus, is the most recent case in point. PopArabia CEO Hussain Yoosuf, known as Spek, who acquired the platform, says what set it apart was operational substance, not narrative. \u201cA lot of music-adjacent companies in this region have ambition but thin operational substance. Viral Wave had the opposite profile. Their systems worked. The reporting was clean,\u201d Yoosuf tells us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The reusable engine:<\/strong> ArpuPlus, which operates as a subsidiary of A15, treats its core capabilities \u2014 40-plus global telecom integrations, regional regulatory infrastructure, and decades of mass-market data \u2014 as a reusable engine for building focused vertical companies. \u201cWhen a sector requires heavy regulatory clearance, an external founder might spend two to three years just building the plumbing,\u201d <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/14\/my-morning-routine-medhat-karam-ceo-of-arpuplus\/\" style=\"\">CEO Medhat Karam<\/a> tells us. \u201cWe build internally to bypass that friction and begin driving profitability from day one.\u201d Viral Wave emerged from that engine as a music distribution platform built on top of ArpuPlus\u2019s existing infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The reflection that now shapes A15\u2019s thinking is a transaction Beshara can\u2019t stop thinking about.<\/strong> It was A15\u2019s largest and most profitable sale, an exit to a US-based strategic investor assembling a global portfolio of companies running the same business model. A15 covered the Middle East\u2019s 17 countries. That buyer now operates across 91. \u201cAfter selling to him, and it was a phenomenal transaction, a lot of people made a lot of money \u2014 I sit down a lot and think: why did we not do that consolidation play ourselves?\u201d Beshara tells us. \u201cWhen we saw how advanced we were compared to those guys, I missed out on the prospect of maybe creating a global company.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A15 makes an argument with its track record that the regional VC industry has its incentives backwards.<\/strong> \u201cPeople are celebrating the raises more than they're celebrating the exits,\u201d Beshara says, noting that his best companies raised very little because they didn't need to. With Egypt's IPO pipeline constrained by profitability rules \u2014 \u201cfor startups in tech, you need them to be profitable for a couple of years before they can apply to list, if you want super technology companies and edgy companies, that\u2019s not going to happen\u201d \u2014 strategic M&A is the structural reality for early-stage exits in MENA. A15 has spent a decade optimizing for that reality. Most of its peers are still optimizing for the next round.<\/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\/a15\/\">A15<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/companies\/\">COMPANIES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/venture-building\/\">venture building<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    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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=\"707136\">\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\">Logistics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/does-the-economics-of-a-regional-grain-hub-in-egypt-actually-make-sense\/\">\r\n                            A grain idea, but is it a grain business?                        <\/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\" 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<\/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\/06\/02\/does-the-economics-of-a-regional-grain-hub-in-egypt-actually-make-sense\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/105.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"707137\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/does-the-economics-of-a-regional-grain-hub-in-egypt-actually-make-sense\/105-jpg-37\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/105.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"105.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/105.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/105.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-707136\" class=\"content-area-description single-story post-707136 post type-post status-publish format-standard has-post-thumbnail hentry category-logistics tag-enterpriseam tag-food-security tag-logistics tag-trade tag-wheat 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>Once again, Egypt is hedging that geography can be turned into business. <\/strong>The vision seems simple \u2014 position the country as the center of regional food supply chains by leveraging its location and expanding its storage network. But will the storage-and-re-export model really work in one of the world\u2019s most price-sensitive commodity markets? <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">The signal<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The strategy began with the 2022 Russia-Ukraine war, which exposed the volatility of Black Sea supply routes.<\/strong> Egypt pitched the Suez Canal Economic Zone (SCZone) as a safe re-export hub for Ukrainian grain bound for Africa <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/04\/al-mashat-pitches-sczone-as-ukrainian-grain-storage-hub\/\" style=\"\">in early 2025<\/a>, then broadened the pitch to South America through 2024 talks with Brazilian investors over a dedicated agricultural logistics hub \u2014 a project Foreign Minister Badr Abdelatty attempted to revive at the Brics summit in New Delhi <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/17\/fm-abdelatty-pitches-sczone-to-brazilian-and-indian-investors\/\" style=\"\">last month<\/a>. The government is now running a similar playbook with Moscow: <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/05\/egypt-begins-work-from-home-experiment-to-cut-energy-use-amid-wartime-pressures\/\" style=\"\">high-level talks earlier this year<\/a> on a combined grain and energy hub, the Transport Ministry <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/28\/firms-line-up-to-quarterback-the-states-ipo-program\/\" style=\"\">weighing<\/a> a dedicated logistics corridor linking Egyptian ports to the Black Sea, and Supply Minister Sherif Farouk <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/24\/imf-concludes-cairo-visit-this-week-ahead-of-june-disbursement\/\" style=\"\">attending<\/a> the Russian Grain Forum to negotiate long-term wheat contracts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Macro-shift?<\/strong> The push signals a broader realignment of African grain security away from Western suppliers and diversifying supply chains amid rigid political tensions and <a target=\"_blank\" href=\"https:\/\/www.argusmedia.com\/en\/news-and-insights\/latest-market-news\/2725692-france-faces-challenge-to-export-2025-26-wheat-crop\" style=\"\">price pressures<\/a>. Algeria \u2014 one of the world\u2019s biggest wheat buyers \u2014 <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/algeria-bars-france-wheat-import-tender-relations-sour-sources-say-2024-10-09\/\" style=\"\">pivoted away<\/a> from French wheat imports following diplomatic tensions, showing how geopolitical friction is influencing the realignment.<\/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\">Egypt\u2019s goal<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>At face value, the pitch fits neatly into the government\u2019s broader strategy of turning the SCZone as a regional industrial and logistics platform<\/strong> linking Europe, the Gulf, Asia, and Africa. Egypt\u2019s expanding port network and growing storage infrastructure provide the foundations, backed by the <a target=\"_blank\" href=\"https:\/\/sis.gov.eg\/en\/projects-initiatives\/projects\/national-projects-of-silos\/\" style=\"\">National Project of Silos<\/a>. Launched back in 2015, the project initially aimed to build 50 grain silos, eventually expanding to a network that totaled 81 silos across the country in 2025. Storage capacity jumped from 1.5 mn tons to 3.6 mn tons, with a target to <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/baladtv\/videos\/%D8%A8%D8%A7%D9%84%D8%A3%D8%B1%D9%82%D8%A7%D9%85-%D8%A3%D8%AD%D9%85%D8%AF-%D9%85%D9%88%D8%B3%D9%89-%D9%8A%D9%81%D8%AC%D8%B1-%D9%85%D9%81%D8%A7%D8%AC%D8%A3%D8%A9-%D8%B9%D9%86-%D8%A7%D9%84%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D8%A7%D9%84%D9%82%D9%88%D9%85%D9%8A-%D9%84%D9%84%D8%B5%D9%88%D8%A7%D9%85%D8%B9-2030%D8%B5%D8%AF%D9%89_%D8%A7%D9%84%D8%A8%D9%84%D8%AF-%D8%B9%D9%84%D9%89_%D9%85%D8%B3%D8%A6%D9%88%D9%84\/2192275598265238\/\" style=\"\">reach 6 mn tons by 2030<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The market context: <\/strong>Egypt remains among the world\u2019s largest wheat importers, buying roughly 13-14 mtpa against a total annual consumption of nearly 20 mtpa, Mediterranean Star Trading General Manager Hesham Soliman tells EnterpriseAM. Massive corn imports are critical to local poultry and feed industries, with Brazil accounting for around 51.4% of inflows through mid-May this year due to its suitability for feed pellet production, followed by Argentina (17.8%) and Ukraine (17.5%), Soliman says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>However, some are skeptical about the narrative of a major reshuffling in global trade. <\/strong>\u201cI see a lot of statements, while the actual shift is very limited,\u201d SovEcon CEO Andrey Sizov tells us. While countries have talked extensively about diversification and food security since the Russia-Ukraine war, grain trade remains overwhelmingly price-driven, he argues. \u201cIn reality, not much has changed,\u201d he adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">The economics vs. the hub ambition<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Grain is an ultra-low-margin, freight-sensitive business.<\/strong> Unlike oil, where foreign storage hubs are brilliant hedges against geopolitical disruptions, grains move through highly cost-competitive supply chains where direct sourcing usually is the best option. SCZone transit fees \u2014 alongside unloading, storage, and reloading costs \u2014 are difficult to justify for price-sensitive African markets, Nader Noor El Din, professor at Cairo University\u2019s agriculture faculty and former advisor to the supply minister, tells us. \u201cWhy would a country buy grain that came to Egypt first... when they can import directly from Brazil or Russia itself?\u201d Soliman adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Inland freight also remains a structural hurdle.<\/strong> The country\u2019s milling infrastructure is heavily concentrated around Sixth of October, Tenth of Ramadan, Sadat City, and Upper Egypt. Alexandria and El Dekheila handle some 65% of Egypt\u2019s trade flows, according to Soliman, while Damietta serves Upper Egypt due to clear freight advantages. Cargo arriving through Sokhna or Suez would have to absorb significantly higher trucking costs, which is why Port Said remains almost exclusively container-focused. \u201cNo bulk importer wants to use Port Said because inland transport kills the economics,\u201d Soliman says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is compounded by existing logistical bottlenecks<\/strong>, with traders continuing to face centralized laboratory delays, port capacity limits, and mounting USD demurrage costs. \u201cBy the time approvals come out, the cargo may already have spent a week waiting,\u201d Soliman tells us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The debate itself is not new: <\/strong>Plans for a grain logistics center in Damietta were actively discussed back in <a target=\"_blank\" href=\"https:\/\/www.amcham.org.eg\/publications\/business-monthly\/issues\/231\/March-2015\/3260\/damietta-grain-project-offers-big-promises\" style=\"\">2005<\/a> and <a target=\"_blank\" href=\"https:\/\/english.ahram.org.eg\/News\/113327.aspx\" style=\"\">2014<\/a>, but both initiatives were abandoned amid concerns over commercial viability, Noor El Din says. This echoes Brazil\u2019s failed attempt to establish a sugar storage center in Lebanon in the 1970s, which collapsed within two years because the double-handling costs destroyed margins, according to Noor El Din.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">The storage strategy may be flawed<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Food security has become a national security issue since the Russia-Ukraine war<\/strong>, driving governments across the region to heavily invest in storage, logistics, and supply chain resilience. However, Egypt\u2019s storage systems are designed around inventory turnover rather than annual consumption volumes, importing 1 mn tons of wheat each month rather than purchasing its annual requirements all at once, Noor El Din notes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Storage hubs could still become relevant under emergency scenarios or major geopolitical disruptions<\/strong>, Soliman says. Russia, for example, could theoretically use Egypt as a temporary safe corridor or storage point if Black Sea security comes under threat, he explains. But transit and storage activities generate less value than processing and industrial production. \u201cAll I will get are transit fees only, not manufacturing and resale fees,\u201d he argues. And outside of emergencies, it remains unclear if these assets can be transformed into a commercially viable trading platform under normal market conditions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While the government views this toll-booth logistics strategy as central to national security<\/strong> \u2014 mirroring its energy hub ambitions \u2014 grains operate under a completely different commercial logic. \u201cCommodities don\u2019t move with the same margins or price jumps [as oil],\u201d Soliman tells us. <\/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\">If not storage, then what?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Value creation could come from processing, rather than re-exporting raw grain. <\/strong>Real income comes from factories that produce, process, and export, Noor El Din tells us. Egypt could follow a model closer to <a target=\"_blank\" href=\"https:\/\/millingmea.com\/turkeys-wheat-flour-exports-hit-us1-16b-in-2024\/\" style=\"\">Tu<\/a><a target=\"_blank\" href=\"https:\/\/millingmea.com\/turkeys-wheat-flour-exports-hit-us1-16b-in-2024\/\" style=\"\">rkey<\/a> \u2014 \u201cwhich imports wheat, processes part of it into flour and exports higher-value products,\u201d Sizov notes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In recent years, Egypt began to ship more flour:<\/strong> Wheat flour exports are expected to reach 1.2 mn tons in MY 2026\/2027, up 20% from MY 2025\/2026, driven by plans to expand into new African markets, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/6\/93.pdf\" style=\"\">USDA data (pdf)<\/a>. Around 1.4 mn tons of flour was exported in 2024\/2025, compared to some 500k tons a few years earlier, according to Sizov.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>Grain marketing years (MY) run July to June, following the Northern Hemisphere harvest cycle, which is why agricultural data is reported on different calendars from broader economic indicators.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The growth comes despite a slowdown in some traditional markets<\/strong>, with exports to Egypt\u2019s top five destinations \u2014 Sudan, Somalia, Eritrea, Yemen, and Palestine \u2014 falling nearly 8.6% in MY 2025\/2026 as Sudan, historically one of Egypt\u2019s largest flour buyers, gradually restored major milling capacity and reduced its reliance on imported flour.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What to watch: <\/strong>Whether the SCZone build-out actually includes processing capacity, and whether Sudan\u2019s milling rebuild continues to erode Egypt\u2019s biggest historical export market. Next year\u2019s USDA Grain and Feed Annual on Egypt \u2014 typically published in March or April \u2014 will be the cleanest read.<\/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\/food-security\/\">food security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wheat\/\">wheat<\/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=\"707138 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=\"707138\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/707138\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-707138\" class=\"content-area-description single-story post-707138 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:\/\/estudio.enterpriseam.com\/ifc-50-year-anniversary\/\" target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/1293.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=\"707139\" 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=\"707139\">\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\">Manufacturing<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/chinas-sany-is-putting-usd-300-mn-behind-egypts-first-wind-turbine-factory\/\">\r\n                            Spinning up local production                        <\/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\/06\/02\/chinas-sany-is-putting-usd-300-mn-behind-egypts-first-wind-turbine-factory\/\" 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 first phase of production will supply an undisclosed 1 GW wind project in the Gulf of Suez, while other key components will be imported until local lines are fully operational. The move follows initial talks <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/26\/chinas-sany-group-eyes-establishing-egypts-first-wind-turbine-factory\/\" target=\"_blank\" rel=\"noopener\">in January<\/a> between the Electricity Ministry and the Chinese manufacturer.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The project has an existing pipeline to feed into.<\/strong> The Gulf of Suez has become the country\u2019s main wind energy corridor, with multi-GW pipelines coming online in the next five years. A visible project pipeline matters because wind localization only works if there is enough recurring demand to support the factory economics.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The breakdown:<\/strong> Wind turbine manufacturing is an industrial tier above solar panel assembly. Turbine components require vast factory space, heavy-duty engineering, and precision manufacturing across towers, blades, and nacelles. Manufacturing full generators, gearboxes, and control-systems \u2014 the turbine's mechanical and digital core \u2014 only makes sense once volumes and tariffs justify the investment.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>GO DEEPER-<\/strong> We dove into the <a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/is-egypt-building-a-wind-industry-or-just-hosting-one\/\" target=\"_blank\" rel=\"noopener\">country\u2019s push into wind power localization<\/a> earlier this year.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Why it matters:<\/strong> The project would reduce Egypt\u2019s reliance on imported wind equipment at a time when the government is trying to localize renewable energy components and move up the clean-energy manufacturing chain. The factory would fit neatly with the government\u2019s localization agenda, which already lists <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/09\/30\/govt-identifies-more-priority-industries-earmarked-for-localization\/\" target=\"_blank\" rel=\"noopener\">solar and wind energy components<\/a> among priority industries, while giving the SCZone another export-oriented manufacturing play into African and Arab 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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/manufacturing\/\">Manufacturing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/wind-power\/\">wind power<\/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=\"707140 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=\"707140\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/707140\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-707140\" class=\"content-area-description single-story post-707140 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=\"707141\" 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=\"707141\">\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\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/al-shroouk-scan-maps-out-usd-20-mn-expansion-ahead-of-ipo\/\">\r\n                            Scanning the horizon                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/al-shroouk-scan-maps-out-usd-20-mn-expansion-ahead-of-ipo\/\" 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\/06\/02\/al-shroouk-scan-maps-out-usd-20-mn-expansion-ahead-of-ipo\/')\">\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\/06\/02\/al-shroouk-scan-maps-out-usd-20-mn-expansion-ahead-of-ipo\/\">\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=Al Shroouk Scan maps out USD 20 mn expansion ahead of IPO&url=https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/al-shroouk-scan-maps-out-usd-20-mn-expansion-ahead-of-ipo\/\">\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\/06\/02\/al-shroouk-scan-maps-out-usd-20-mn-expansion-ahead-of-ipo\/&title=Al Shroouk Scan maps out USD 20 mn expansion ahead of IPO\">\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=Al+Shroouk+Scan+maps+out+USD+20+mn+expansion+ahead+of+IPO+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F06%2F02%2Fal-shroouk-scan-maps-out-usd-20-mn-expansion-ahead-of-ipo%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\/06\/02\/al-shroouk-scan-maps-out-usd-20-mn-expansion-ahead-of-ipo\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/107.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"707142\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/al-shroouk-scan-maps-out-usd-20-mn-expansion-ahead-of-ipo\/107-jpg-26\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/107.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"107.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/107.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/107.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-707141\" class=\"content-area-description single-story post-707141 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam tag-healthcare 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>Al Shroouk Scan & Lab is eyeing a USD 20 mn expansion <\/strong><strong>drive over the next<\/strong><strong> four years as it gears up for an EGX listing<\/strong>, Chairman Abdallah Mostafa tells <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/industry\/egypts-al-shroouk-scan-scan-and-lab-outlines-major-expansion-by-2030-tpaxxa7x\" style=\"\">Zawya<\/a>. The diagnostic imaging company plans to grow its footprint from five to eight branches by 2030, including a USD 8 mn Palm Hills branch, a dedicated radiotherapy center in the New Capital\u2019s R3 District, and new facilities in New Cairo, Alexandria, Shebin El Kom, and Tanta.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The <\/strong><strong>move toward advanced cancer care<\/strong><strong> is expected to drastically transform the <\/strong><strong>company\u2019s financials. <\/strong>Mostafa expects the new radiotherapy capabilities to drive up revenues by 200% annually once the facilities come online. The group\u2019s current top line stands at approximately EGP 140 mn, supported by established contracts with major healthcare operators like Cleopatra Hospital Group.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The backstory:<\/strong> Founded in 2009, Al Shroouk has steadily built out its diagnostic infrastructure, investing around EGP 1 bn to date. The company was formally structured in 2014 with an initial capital of EGP 3.2 mn and early strategic backing from the Bedaya Fund for SMEs, which acquired a 33% stake.<\/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\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/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=\"707143\" class=\"issue-section markets\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"707143\">\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\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/mega-ipos-may-be-rewriting-the-rulebook-for-indices-and-retail-investors\/\">\r\n                            Mega-IPOs may be rewriting the rulebook                        <\/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\/06\/02\/mega-ipos-may-be-rewriting-the-rulebook-for-indices-and-retail-investors\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/mega-ipos-may-be-rewriting-the-rulebook-for-indices-and-retail-investors\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/mega-ipos-may-be-rewriting-the-rulebook-for-indices-and-retail-investors\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Mega-IPOs may be rewriting the rulebook for indices and retail investors&url=https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/mega-ipos-may-be-rewriting-the-rulebook-for-indices-and-retail-investors\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/mega-ipos-may-be-rewriting-the-rulebook-for-indices-and-retail-investors\/&title=Mega-IPOs may be rewriting the rulebook for indices and retail investors\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Mega-IPOs+may+be+rewriting+the+rulebook+for+indices+and+retail+investors+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F06%2F02%2Fmega-ipos-may-be-rewriting-the-rulebook-for-indices-and-retail-investors%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/mega-ipos-may-be-rewriting-the-rulebook-for-indices-and-retail-investors\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/92.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"707144\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/mega-ipos-may-be-rewriting-the-rulebook-for-indices-and-retail-investors\/92-jpg-30\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/92.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"92.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/92.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/92.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-707143\" class=\"content-area-description single-story post-707143 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-artificial-intelligence tag-capital-markets tag-enterpriseam tag-financial-markets tag-ipo 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> A wave of mega AI IPOs is approaching the market, and it is already reshaping how public listings are structured<\/strong>, who gets access to them, and how the indices that track them compete for relevance<strong>.<\/strong> SpaceX, Anthropic, and OpenAI are all gearing up for listings that are poised to be historic in size and involvement \u2014 and major index providers are having to rewrite the rules to compete for listings of that size.<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The most immediate structural shift comes from SpaceX itself.<\/strong> The company is allocating 30% of its listed shares to retail investors \u2014 a figure that dwarfs the typical retail allocation in a major IPO, <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2026-05-31\/spacex-s-ipo-led-by-elon-musk-forces-index-funds-and-retail-to-change-the-rules?srnd=homepage-middle-east\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a> reports. The move is a deliberate strategy by founder and CEO Elon Musk, who is banking on his personal following to drive demand. Some individual investors are reportedly planning to put in as much as USD 20k, describing SpaceX as a \u201cvisionary\u201d company worth backing from day one.<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>That kind of retail-first allocation is unusual at this scale<\/strong>, and if SpaceX\u2019s listing proves successful, it could set a template for how other mega-IPOs approach the retail-institutional split going forward.<\/p><p class=\"tag-border-left\">Index providers are rewriting the rules to compete<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The prospect of listings this large has also put major index providers under pressure.<\/strong> The S&amp;P 500 is seeking feedback on a proposal to fast-track the inclusion of mega-IPOs into its flagship indices, while the Nasdaq 100 and FTSE Russell are similarly shortening their usual waiting periods. The concern driving this is straightforward: if a company the size of SpaceX sits outside a major benchmark, the benchmark begins to look incomplete \u2014 and potentially less useful to the investors who rely on it.<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>But the rule changes needed to attract these firms are drawing scrutiny.<\/strong> NYSE President Lynn Martin says that \u201csome of the rules that have been changed to woo some of the large companies [...] are questionable.\u201d A note from Seyffart and Du Boff picked up by Bloomberg says opponents to those changes are pointing to the waiving of minimum float requirements and voting rights protections as particular areas of concern for market integrity. Nasdaq President Nelson Griggs, however, has pushed back, insisting that no rules were broken in securing the SpaceX listing.<\/p><p class=\"tag-border-left\">What this means for retail investors<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The combination of SpaceX\u2019s large retail allocation and the indices\u2019 push for faster inclusion creates a situation where retail investors will gain exposure to these companies quickly<\/strong> \u2014 whether they choose to or not. Once included in major indices, firms like SpaceX will automatically feature in the mutual funds and ETFs held by mns of ordinary investors, Bloomberg explains.<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The question is whether that exposure will pay off.<\/strong> IPO expert and economist Jay Ritter cautions that it is \u201cdifficult for an investor to come out ahead in a three-year period,\u201d given the sky-high valuations these AI-era firms are commanding at listing. SpaceX\u2019s own valuation rests heavily on projections of significant future revenue growth \u2014 context worth noting given the company posted a USD 4.9 bn loss last year.<\/p><p class=\"tag-border-left\">The bigger picture<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>For institutional investors, the key question is whether a successful SpaceX IPO triggers a broader wave<\/strong> \u2014 normalizing large-scale, smooth transitions from private to public markets for firms that have spent years growing outside public view. For index providers, the stakes are existential in a different way: the rule changes they are making now will define what kind of companies they can attract and what kind of market integrity standards they are willing to bend to get them.<\/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-P<\/strong><strong>acific ma<\/strong><strong>rkets are down in early trading this morning<\/strong> as continued geopolitical tension and the uncertainty surrounding an already shaky ceasefire between the US and Iran drag stocks down. South Korea\u2019s Kospi is down 3% and Japan\u2019s Nikkei is down 1.8%.<\/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\">52,854<\/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: +26.4%)<\/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>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 51.94<\/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 52.07<\/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 51.92<\/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 52.02<\/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-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>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\">11,010<\/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: +5.0%)<\/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\">9,651<\/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: -3.4%)<\/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>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\">5,775<\/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\">+0.3% (YTD: -4.5%)<\/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\">7,600<\/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\">+0.3% (YTD: +11.0%)<\/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>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\">10,339<\/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\">-0.7% (YTD: +4.1%)<\/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>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\">6,035<\/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\">-0.3% (YTD: +4.1%)<\/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>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 95.15<\/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\">+0.2%<\/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>Natural gas (Nymex)<\/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 3.19<\/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\">+0.2%<\/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>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 4,513<\/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-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>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 71,190<\/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% (YTD: -18.8%)<\/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 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\">1,051<\/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\">151.63<\/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: -0.2%)<\/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\">16.05<\/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\">+4.8% (YTD: +7.4%)<\/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<\/strong><strong> rose 0.4% at <\/strong><strong>yesterday\u2019s<\/strong><strong> close<\/strong> on turnover of EGP 9.8 bn (21.7% above the 90-day average). International investors were the sole net sellers. The index is up 26.4% YTD.<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>In the green:<\/strong> Emaar Misr (+12.2%), Qalaa Holdings (+6.3%), and Palm Hills Developments (+5.2%).<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>In the red:<\/strong> Abu Qir Fertilizers (-2.8%), Eastern Company (-2.2%), and E-finance (-1.1%).<\/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\/artificial-intelligence\/\">Artificial intelligence<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull vertical-section wide-section going-green wp-block-group issue-section\" id=\"707145\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27465.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into the green economy and ESG issue in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27483.png?ssl=1\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Tuesday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/goinggreen\/\">\r\n                            Read going Green                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">7<\/div>\r\n\r\n                        <p class=\"f-graphik\">Going Green<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/karm-solar-is-testing-tree-windbreaks-and-ground-crops-to-cut-dust-losses-at-its-desert-sites\/\">\r\n                            Belt and braces<\/a>\r\n                        <\/h3>\r\n\r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/goinggreens\/karm-solar-is-testing-tree-windbreaks-and-ground-crops-to-cut-dust-losses-at-its-desert-sites\/\" 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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A single severe dust storm at Benban can cost a solar company up to USD 178k in lost generation, according to a <a target=\"_blank\" href=\"https:\/\/cirocco-project.eu\/climatic-and-dust-impacts-on-the-benban-solar-park-in-egypt\/\" style=\"\">Cirocco Project study<\/a>, and the Western Desert can deliver several storms a year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>Water-based panel cleaning is the standard industry practice across MENA solar. With water scarcity driving up costs and Egypt now past the absolute-scarcity threshold, any developer who can shift dust management upstream \u2014 to site selection and biological barriers \u2014 has a structural cost advantage. Karm is the first Egyptian developer publicly testing what that looks like.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Karm\u2019s approach starts at the development stage.<\/strong> Site selection avoids flood channels and mobile sand, CTO Akram Ismail tells EnterpriseAM. At the Abu Minqar plant, the company is evaluating Casuarina-based natural windbreaks to stabilize soil and intercept dust before it reaches the arrays, cutting the frequency of manual cleaning cycles.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART- <\/strong>Casuarina is a fast-growing tree <a target=\"_blank\" href=\"https:\/\/sti-portal.fao.org\/innovations\/horsetail-beefwood-casuarina-windbreak-along-seaside\" style=\"\">used for windbreaks worldwide<\/a>. Its dense root system stabilizes sandy soils and its needle-like foliage filters airborne particulates \u2014 making it a natural fit for desert solar sites.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The water logic:<\/strong> Karm cleans dry by default, Ismail says, with wet cleaning reserved for events like bird migration season which leaves organic residue. Water gets used only when the cost of cleaning is lower than the revenue lost to reduced generation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beyond dust, there\u2019s also a temperature problem. <\/strong>Solar panels lose efficiency as ambient temperature rises, and desert panel surfaces routinely exceed 65\u00b0C. Biological barriers and ground vegetation cool the immediate environment through natural transpiration. But the economics aren\u2019t universal: land characteristics, water availability, and wind patterns dictate whether the cooling pays back the cost of the planting, Ismail says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The quinoa experiment.<\/strong> At Karm\u2019s Wadi El Natrun facility, the company has hosted international experts to study cultivating quinoa beneath solar panels using dew water. The agrivoltaic pilot aims to stabilize soil, lower ambient temperatures, and generate a secondary revenue stream from the land.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Engineering caveats: <\/strong>Vegetation height has to be managed to prevent panels being shaded \u2014 which would erase the efficiency gains from cooling. The solar panels themselves are engineered to withstand wind speeds of up to 120 km\/h, well above the 100 km\/h Karm sees in typical desert storms, so the green belts don\u2019t need to provide structural protection. Their job is filtration.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next: <\/strong>Karm hasn\u2019t given a timeline for full Casuarina deployment at Abu Minqar or initial results from the Wadi El Natrun quinoa pilot, but we shouldn\u2019t expect trees to fully eliminate traditional maintenance or manual labor. These biological buffers are being deployed as a precision asset-protection tool, complemented by dry-cleaning tech and targeted washing to safeguard long-term project bankability without bloating operational costs. <\/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\/going-green\/\">going green<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/karm-solar\/\">Karm Solar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewable-energy\/\">renewable energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/solar-energy\/\">solar energy<\/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=\"707147\" 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\/06\/02\/707147\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-707147\" class=\"content-area-description single-story post-707147 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;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">30 June (Tuesday): June 30 Revolution.<\/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): 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): Prophet Muhammad\u2019s birthday.<\/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.<\/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>Egypt\u2019s grain hub economics | Sany backs turbine factory | Karm Solar tests windbreaks.<\/p>\n","protected":false},"featured_media":707129,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-707128","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"815a4636-39a1-4096-b932-97840b854d3c","teaser":"Egypt\u2019s grain hub economics | Sany backs turbine factory | Karm Solar tests windbreaks.","photo_url":"https:\/\/ent.news\/2026\/6\/114.jpg"},"yoast_head":"<!-- This site is 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