{"id":707370,"date":"2026-06-03T00:00:00","date_gmt":"2026-06-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=707370"},"modified":"2026-06-03T03:29:00","modified_gmt":"2026-06-03T03:29:00","slug":"ida-asks-parliament-for-egp-21-bn-lifeline","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/ida-asks-parliament-for-egp-21-bn-lifeline\/","title":{"rendered":"IDA asks parliament for EGP 21 bn lifeline"},"content":{"rendered":"<section id=\"707372\" 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=\"707372\">\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\/03\/instapay-fawry-in-line-for-vat-exemptions-under-new-draft-law\/\">\r\n                            InstaPay, Fawry in line for VAT exemptions                        <\/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\/03\/instapay-fawry-in-line-for-vat-exemptions-under-new-draft-law\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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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>Good morning, wonderful people and happy hump day.<\/strong> We have a meaty, debate-driven issue today, leading with news that the Industrial Development Authority (IDA) is asking parliament for an EGP 21 bn lifeline to service 17 industrial zones, but lawmakers are pushing back and demanding the authority self-finance instead.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And something to cautiously watch<\/strong>, S&P DJI has launched a consultation to potentially demote Egyptian equities to frontier market status over lingering market accessibility concerns.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2026 and something to optimistically watch<\/strong>, the local investment fund industry surged 30% in a single quarter to hit EGP 411 bn \u2014 and retail investors ask for regulated, lower-ticket exposure to cash, gold, and real estate.<\/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><\/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\">Widening the net<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a>  <strong>InstaPay, Fawry, and a number of other banking and no<\/strong><strong>n-banking finance services and investment funds are<\/strong> <strong>set to receive value-added tax (VAT) exemptions <\/strong>under the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/tmg-secures-land-for-usd-10-bn-iraqi-project\/\" style=\"\">second tax facilitation package<\/a>. The package is now heading to the House for approval, according to a newly approved Cabinet draft law seen by EnterpriseAM. The package would also make leased administrative units subject to VAT at the standard rate \u2014 deductible as a business cost \u2014 except for educational, social, and health facilities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That\u2019s the backdrop to a strong tax revenue print:<\/strong> Receipts rose 29.3% y-o-y to EGP 2.2 tn in the first 10 months of the fiscal year (July\u2013April), driven by a sharp expansion of the corporate tax base and inflation-boosted consumption, according to the Finance Ministry\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/6\/132.pdf\" style=\"\">monthly financial performance report (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The drivers:<\/strong> While VAT remains the largest overall contributor to state coffers (bringing in EGP 907 bn \u2014 up 22.7% y-o-y), income tax receipts drove the actual increase in revenues, rising by EGP 242.3 bn to reach EGP 818.5 bn. Corporate income tax collections jumped 45.6% y-o-y to EGP 453.1 bn, while revenues from taxes on treasury bills and bonds rose 20.6% to EGP 316.6 bn. The increase was driven by bringing more of the informal economy into the tax net and using advanced data analytics to slash tax leakages, a government official tells EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>Tax revenues fund roughly 80% of next year\u2019s budget and are the backbone of the country\u2019s fiscal consolidation. The strong performance helped narrow the overall deficit to 5.3% of GDP in 10M FY 2025\/26, down from 6.2% a year earlier.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT-<\/strong> <strong>Debt servicing is devouring the tax gains.<\/strong> Despite the record collections, interest payments reached a staggering EGP 2.02 tn during the same period, nearly wiping out the tax revenues generated. To help bridge the widening expenditure gap, the government relied heavily on exceptional non-tax revenues, including a massive EGP 166.8 bn injection from the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/09\/government-to-funnel-all-alam-el-roum-proceeds-into-treasury-to-bridge-fx-gap\/\" style=\"\">Alam El Roum project<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next:<\/strong> The Finance Ministry plans to raise its tax revenue target to EGP 3.5 tn in the next fiscal year, up from EGP 2.7 tn in the current one. A third package of tax facilitation measures is also being prepared, to be followed by a stricter tax enforcement package targeting non-compliant taxpayers, according to a government document reviewed by EnterpriseAM.<\/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\">Grain ambitions<\/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 Supply Ministry is in technical talks with Russian agricultural firms to establish a grain s<\/strong><strong>torage and distribution hub in the Suez Canal Economic Zone (SCZone)<\/strong>, Supply Minister Sherif Farouk told <a target=\"_blank\" href=\"https:\/\/hapijournal.com\/2026\/06\/02\/%d9%88%d8%b2%d9%8a%d8%b1-%d8%a7%d9%84%d8%aa%d9%85%d9%88%d9%8a%d9%86-%d9%85%d9%81%d8%a7%d9%88%d8%b6%d8%a7%d8%aa-%d9%85%d8%b9-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%b1%d9%88%d8%b3%d9%8a%d8%a9-%d9%84%d8%a5\/\" style=\"\">Hapi<\/a>, adding that a Russian firm has already dispatched a technical delegation to evaluate one of the ministry\u2019s logistics zones, with feasibility studies on potential sites still underway.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The talks are the latest move in a playbook the Madbouly government has been running with Russia, Ukraine, and Brazil<\/strong> \u2014 positioning Egyptian ports as a regional food supply-chain hub for the Middle East and Africa. The ambition is real, but so are the headwinds: as <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/does-the-economics-of-a-regional-grain-hub-in-egypt-actually-make-sense\/?utm_source=chatgpt.com\" style=\"\">we examined yesterday<\/a>, grain storage and re-export is an ultra-low-margin, freight-sensitive business. Experts say processing capacity and value-added exports may be the more compelling play.<\/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\"><a id=\"wwtt3\"><\/a> <strong>7% \u2014 that\u2019s how much net foreign assets increased m-o-m in <\/strong><strong>April. <\/strong>The figure jumped to USD 22.9 bn, resuming its upward trajectory following <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/10\/inflation-unexpectedly-cools-putting-rate-cut-cycle-back-in-play\/\" style=\"\">a dip in March<\/a>, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/6\/112.jpg\" style=\"\">CBE data (pdf)<\/a>. Assets contracted 22% m-o-m in March, breaking a nearly two-year appreciation streak due to capital outflows triggered by the war. The quick recovery signals that the initial geopolitical shock is fading, reviving expectations that the banking sector can move closer to the USD 29.5 bn peak seen in January.<\/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 another warm day in Cairo, with a high of 36\u00b0C and a low of 24\u00b0C, according to our favorite weather app. <strong>Expect the mercury to remain around 37\u00b0C for the rest of the week.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s only a bit cooler in Alexandria<\/strong>, with a high of 30\u00b0C and a low of 22\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\/151.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\"><a target=\"_blank\" href=\"https:\/\/sub.ent.news\/eg\/\" style=\"\">Tap or click here to subscribe to the Egypt edition<\/a>, delivered to your inbox today, 11 AM Egypt.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">The big story abroad<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No single story is dominating the global front pages this morning <\/strong>\u2014 but among the stories making headlines: <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- SpaceX will reportedly raise USD 75 bn in its highly anticipated IPO<\/strong>, selling 555.6 mn shares at USD 135 a pop, unnamed sources told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/media-telecom\/spacex-plans-raise-75-billion-ipo-135-per-share-source-says-2026-06-03\/\" style=\"\">Reuters<\/a>. These figures put the firm\u2019s valuation at USD 1.75 tn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Microsoft <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2026\/06\/02\/microsoft-unveils-new-ai-models-lessen-reliance-on-openai-lower-costs.html\" style=\"\">launched<\/a><\/strong><strong> its own AI offerings<\/strong> at its Build conference to compete with proprietary models, including coding assistants and reasoning models, which would lower costs and reliance on OpenAI products. The tech giant also unveiled Project Solara, a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/microsoft-expected-showcase-new-pc-cloud-ai-tools-developer-conference-2026-06-02\/\" style=\"\">family of prototype devices<\/a> designed to host AI agents that carry out complex tasks autonomously.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Investors seem bullish and unafraid: <\/strong>Concerns over inflation and elevated asset prices are trumped by optimistic sentiments, as financial markets currently exhibit \u201cmore greed than there is fear,\u201d Goldman Sachs CEO David Solomon <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/09d94a90-a228-4c86-b01c-f9cb99d4e3a8?syn-25a6b1a6=1\" style=\"\">said<\/a>. He added that so long as investors remain bullish, there is ample liquidity to absorb massive upcoming IPOs from companies like SpaceX, Anthropic, and OpenAI.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The UN <\/strong><strong>General Assembly<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/news.un.org\/en\/story\/2026\/06\/1167626\" style=\"\">has elected<\/a><\/strong><strong> its next head. <\/strong>Bangladeshi Foreign Minister Khalilur Rahman narrowly defeated Cyprus\u2019 Andreas Kakouris to secure the presidency of the UN General Assembly. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- <\/strong><strong>The latest war updates: <\/strong>Iran <a target=\"_blank\" href=\"https:\/\/www.centcom.mil\/MEDIA\/PUBLIC-RELEASES\/Article\/4507109\/us-partner-forces-defend-against-aggressive-iranian-behavior\/\" style=\"\">launched fresh attacks<\/a> on Kuwait and Bahrain last night \u2014 some failed en route and others were intercepted. In response, US forces launched \u201cself-defense\u201d strikes on Iran\u2019s Qeshm Island. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2503.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 Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> EnterpriseAM\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education. <\/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 why our construction sector is surviving on paper but bleeding in practice \u2014 and what the industry is doing to hold on until the FDI-driven recovery arrives.<\/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\/tax\/\">tax<\/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\/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=\"707374 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=\"707374\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/707374\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-707374\" class=\"content-area-description single-story post-707374 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=\"707375\" 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=\"707375\">\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\">Industry<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/ida-seeks-egp-21-bn-to-fix-industrial-land-shortage\/\">\r\n                            The EGP 21 bn question                        <\/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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       \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/ida-seeks-egp-21-bn-to-fix-industrial-land-shortage\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/935.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"707376\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/ida-seeks-egp-21-bn-to-fix-industrial-land-shortage\/935-jpg-24\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/935.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"935.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/935.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/1\/935.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-707375\" class=\"content-area-description single-story post-707375 post type-post status-publish format-standard has-post-thumbnail hentry category-industry tag-enterpriseam tag-industry tag-industry-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Industrial Development Authority (IDA) is asking parliament for EGP 21 bn over t<\/strong><strong>he next three years to complete infrastructure across 17 industrial zones<\/strong> \u2014 and lawmakers want to know why the authority isn\u2019t self-financing. IDA Chairperson Nahed Youssef presented the request during parliamentary budget discussions, with the funding to be channeled through the Industrial Zones Support Fund. The request comes weeks after five new zones were transferred to the IDA\u2019s jurisdiction, deepening pressure on the government to expand the supply of investment-ready land.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Parliamentary pushback: <\/strong>House Industry Committee Chairman Ahmed Bahaa Shalaby argued the industrial sector has the resources to self-finance and should maximize its own revenues instead of leaning on the state budget.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The IDA\u2019s defense is structural: <\/strong>Vice Chairman Ahmed Abdel Raouf countered that the Industrial Zones Support Fund hasn\u2019t received direct Finance Ministry funding since 2013, leaving the authority to rely on its own surpluses to cover infrastructure works that local administrations failed to complete in areas like Beni Suef and Giza.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The deeper point is that the IDA\u2019s financial model is fundamentally different from agencies like the <\/strong><strong>New Urban Communities Authority (NUCA).<\/strong> The state intentionally subsidises industrial plots and offers flexible installment and usufruct plans to slash factory setup costs and attract capital. Because the IDA doesn\u2019t sell land at market value like NUCA, it doesn\u2019t generate massive revenues \u2014 and whatever proceeds it does collect are absorbed by existing infrastructure and zone-management costs, leaving it dependent on public funding to service new areas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Access to serviced land remains a major hurdle: <\/strong>Securing serviced land is among the top obstacles for investors, the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/egyptian-firms-bypass-banks-to-fund-growth-from-their-own-pockets\/\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/egyptian-firms-bypass-banks-to-fund-growth-from-their-own-pockets\/\" style=\"\">latest World Bank Enterprise Survey<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/egyptian-firms-bypass-banks-to-fund-growth-from-their-own-pockets\/\" style=\"\"><\/a> found, with companies waiting an average of 89 days for new electricity connections and 86 days for construction permits \u2014 significantly behind regional and lower-middle-income peers. The delays drive up upfront costs and tie up capital long before operations begin.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The supply-versus-pricing gap is now visible in transactions: <\/strong>The government offered nearly 6.5k industrial plots in 2025 across 23 governorates, but inadequate utility readiness has constrained their conversion into functioning factories. The constrained supply has produced striking pricing distortions: in 10th of Ramadan City, land has reached EGP 30k per sqm in some transactions, against the official EGP 6k rate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The unserviced land proposal the government has rejected:<\/strong> Federation of Egyptian Industries board member Mohamed El Bahy tells EnterpriseAM the government has turned down proposals to offer unserviced land at lower prices for investors to develop themselves \u2014 a model that could reduce upfront costs and expand the available supply substantially. The government\u2019s insistence on fully servicing zones before offering plots has severely limited supply and intensified competition. An industry source tells us they were left empty-handed in the last two allocation rounds, while many zones in Upper Egypt remain unequipped with the utilities needed to attract capital.<\/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 new IDA offering<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IDA announced its 14th plot offering through the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/IDA.Egypt\/posts\/pfbid02y3m5jukV2mqqH9jwoCcPaB61v4x2amnS2zpxPGGBgGhaW9g6pE8nUTxgHc5pQE24l\" style=\"\">Egypt Digital Industrial Platform<\/a><\/strong><strong> yesterday<\/strong> \u2014 400 newly serviced plots totalling 900k sqm across 24 industrial zones in 15 governorates, with applications opening today and running through to 11 June. Plot sizes range from 300 sqm to 22k sqm, calibrated for small, medium, and large manufacturers across food, engineering, chemicals, pharma, textiles, and building materials.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The offering comes with reduced application fees, a waived financial <\/strong><strong>guarantee<\/strong><strong>, and a smaller reservation deposit<\/strong>, all geared to lower the upfront costs that the Federation of Egyptian Industries has flagged as blocking investors. It\u2019s the first IDA offering to specify target products plot-by-plot within each industrial activity, aimed at localizing feeder industries to secure supply chains and bridge import gaps, Youssef says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Key developments to watch include <\/strong>Parliament's decision on the EGP 21 bn request, the 29 June allocation results from the 400-plot offering \u2014 which will tell us how strong demand actually is for serviced industrial land \u2014 and whether the unserviced-land proposal gets revisited as supply pressure intensifies. The 10th of Ramadan EGP 6k-vs-EGP 30k pricing gap is the clearest signal of how constrained the supply has become.<\/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\/industry\/\">industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/industry-ministry\/\">Industry Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"707377\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n           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data-block-id=\"x7lwe9n\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-x7lwe9n-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-x7lwe9n-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div 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272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"707378\" 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=\"707378\">\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\">Capital markets<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/egypt-faces-potential-sp-downgrade-to-frontier-market-status\/\">\r\n                            Losing the emerging edge                        <\/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\/03\/egypt-faces-potential-sp-downgrade-to-frontier-market-status\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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  <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+faces+potential+S%26%23038%3BP+downgrade+to+frontier+market+status+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F06%2F03%2Fegypt-faces-potential-sp-downgrade-to-frontier-market-status%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\/03\/egypt-faces-potential-sp-downgrade-to-frontier-market-status\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/191.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"707379\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/egypt-faces-potential-sp-downgrade-to-frontier-market-status\/191-jpg-32\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/191.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"191.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/191.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/191.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-707378\" class=\"content-area-description single-story post-707378 post type-post status-publish format-standard has-post-thumbnail hentry category-capital-markets tag-capital-markets tag-emerging-markets tag-enterpriseam tag-equities tag-sp 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>Egyptian equities could lose their emerging market label in one of the world's <\/strong><strong>most widely followed equity index families.<\/strong> S&P Dow Jones Indices (S&P DJI) launched a consultation on demoting Egypt to frontier market status, citing lingering concerns around market accessibility, capital mobility, and broader institutional stability, per its <a target=\"_blank\" href=\"https:\/\/ent.news\/internal\/707257.pdf\" style=\"\">2026 Equity Country Classification Consultation (pdf)<\/a>. The consultation remains open until 17 July. S&P DJI will review market feedback before reaching a final decision, likely later this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>This comes a little over three months after <a target=\"_blank\" href=\"https:\/\/www.egx.com.eg\/en\/NewsDetails.aspx?NewsID=283896\" style=\"\">the EGX cleared FTSE Russell\u2019s annual review<\/a>, retaining its Secondary Emerging market status and remaining above the minimum company threshold required for inclusion. FTSE had added Egypt to a watchlist for possible demotion back in 2023 amid reports of foreign investors having <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/racing-for-digital-nomads\/\" style=\"\">difficul<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/racing-for-digital-nomads\/\" style=\"\">ti<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/racing-for-digital-nomads\/\" style=\"\">es repatriating capital<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>If adopted, the change would take effect during the September 2027 index reconstitution<\/strong>, moving Egypt out of the same basket as Saudi Arabia, the UAE, and India and into the Frontier universe alongside Morocco, Pakistan, and Vietnam.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Should investors care?<\/strong> Probably \u2014 though not necessarily because of the immediate flow impact. Egypt currently represents just 0.12% of the S&P Emerging BMI, limiting the scale of any forced selling from passive Emerging market funds. If reclassified, Egypt would account for around 3.4% of the Frontier BMI, a far more meaningful presence within a smaller benchmark. The bigger issue is perception. Being placed under consultation for a downgrade sends a message that extends well beyond index trackers \u2014 the same global investors, rating agencies, and development institutions following Egypt's reform story also pay attention to benchmark classifications.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreign investors have already been pulling back from local equities, with liquidity rotating toward debt markets instead<\/strong>, macro analyst Rania Yacoub told <a target=\"_blank\" href=\"https:\/\/www.almasryalyoum.com\/news\/details\/4283328\" style=\"\">Al Masry Al Youm<\/a>. A reclassification, she added, would trigger a readjustment in the liquidity ratios of global investment funds, though she expects the market to recover over the longer term once the cycle turns.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The consultation lands squarely in the middle of efforts to deepen and modernize the EGX. <\/strong>The bourse has been pushing ahead with structural upgrades, including an already- <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/01\/egx-kicks-off-first-day-of-futures-trading-on-the-egx\/\" style=\"\">live derivatives market<\/a>, with short-selling and market maker mechanisms still in the pipeline \u2014 measures that former EGX boss Islam Azzam previously said would help <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/30\/the-state-is-gearing-up-for-a-busy-year-for-privatization\/\" style=\"\">strengthen the market's quantitative metrics<\/a> and move it closer to FTSE Russell's developed-market requirements. That is alongside an active government IPO program, with Banque Du Caire, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/04\/sovereign-fund-taps-efg-hermes-for-the-20-misr-life-float\/\" style=\"\">Misr Life Ins.<\/a>, other <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/17\/four-new-temporary-listings-head-to-the-egx\/\" style=\"\">state-backed IPO hopefuls<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/23\/egx-could-soon-welcome-up-to-10-state-owned-oil-assets\/\" style=\"\">oil-related assets<\/a> expected to hit the floor later this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next:<\/strong> \u201cI believe the discussions between the stock exchange management, those responsible for the index committee, the Egyptian stock market indices, with Dow Jones and S&P might yield more clarifications,\u201d Chairman of the Egyptian Capital Market Association Mohamed Maher told Arabic press (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/AsharqbEGY\/videos\/1576189757569009\/\" style=\"\">watch, runtime 4:27<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/emerging-markets\/\">emerging markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/equities\/\">equities<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sp\/\">S&amp;P<\/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=\"707380\" 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=\"707380\">\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\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/egypts-investment-fund-industry-hit-egp-411-bn-in-1q-2026-up-30-in-a-quarter\/\">\r\n                            Old savings, new wrapper                        <\/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\/03\/egypts-investment-fund-industry-hit-egp-411-bn-in-1q-2026-up-30-in-a-quarter\/\" 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\/03\/egypts-investment-fund-industry-hit-egp-411-bn-in-1q-2026-up-30-in-a-quarter\/')\">\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\/03\/egypts-investment-fund-industry-hit-egp-411-bn-in-1q-2026-up-30-in-a-quarter\/\">\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=Egypt\u2019s investment fund industry hit EGP 411 bn in 1Q 2026, up 30% in a quarter&url=https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/egypts-investment-fund-industry-hit-egp-411-bn-in-1q-2026-up-30-in-a-quarter\/\">\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\/03\/egypts-investment-fund-industry-hit-egp-411-bn-in-1q-2026-up-30-in-a-quarter\/&title=Egypt\u2019s investment fund industry hit EGP 411 bn in 1Q 2026, up 30% in a quarter\">\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=Egypt%E2%80%99s+investment+fund+industry+hit+EGP+411+bn+in+1Q+2026%2C+up+30%25+in+a+quarter+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F06%2F03%2Fegypts-investment-fund-industry-hit-egp-411-bn-in-1q-2026-up-30-in-a-quarter%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\/03\/egypts-investment-fund-industry-hit-egp-411-bn-in-1q-2026-up-30-in-a-quarter\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2493.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"707381\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/egypts-investment-fund-industry-hit-egp-411-bn-in-1q-2026-up-30-in-a-quarter\/2493-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2493.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2493.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2493.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2493.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-707380\" class=\"content-area-description single-story post-707380 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-enterpriseam tag-financial-regulatory-authority tag-investment-watch tag-real-estate 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>Our investment fund industry has become a EGP 411 bn parallel route for hou<\/strong><strong>sehold savings <\/strong><strong>by the end of 1Q 2026<\/strong>, up 30% in a single quarter and increasingly used by retail investors who previously parked money in physical gold, real estate units, or bank deposits. The shift isn\u2019t replacing the deposit base \u2014 fund total Net Asset Value (NAV) sits at roughly 3% of bank deposit levels \u2014 but rather opening a regulated, lower-ticket channel for households to gain exposure to the very asset classes they\u2019ve long preferred, the Financial Regulatory Authority's <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/6\/71.pdf\" style=\"\">latest report (pdf)<\/a> shows. The number of funds rose to 187 from 172, while the number of certificates jumped 54.7% q-o-q to 31.4 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This is Egypt\u2019s old savings playbook in a lower-ticket wrapper.<\/strong> Households that have long used physical gold and real estate units to preserve value are now being offered regulated products that mimic that exposure without the same entry ticket. \u201cFunds have become very accessible from everywhere. It is a sign of rising investor awareness, wider use of fintech, and a much higher level of trust in the investment fund product,\u201d Azimut Egypt Managing Director Ahmed Abou El Saad tells EnterpriseAM. Macro analyst Rania Yacoub agrees that this is a retail access story, telling us that \u201cthis clearly showed up in the rise in the number of coded investors on the EGX,\u201d which <a target=\"_blank\" href=\"https:\/\/www.mubasher.info\/news\/4610599\/%D8%A8%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-110-64-%D8%A3%D9%84%D9%81-%D8%B9%D8%AF%D8%AF-%D8%A7%D9%84%D9%85%D9%83%D9%88%D8%AF%D9%8A%D9%86-%D8%A7%D9%84%D8%AC%D8%AF%D8%AF-%D9%81%D9%8A-%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D9%85%D8%B5%D8%B1-%D8%AE%D9%84%D8%A7%D9%84-%D8%A3%D8%A8%D8%B1%D9%8A%D9%84\/\" style=\"\">climbed by 215% y-o-y<\/a> during the first quarter of the year, according to FRA Head Islam Azzam. The NBFI sector \u201cwas able to attract investors \u2014 and not only investors who used to invest through banks, but new segments of citizens,\u201d Yacoub 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\">Behind the bns<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The scale check still favours the banks. <\/strong>Fund NAV at EGP 411 bn sits against bank deposits at roughly EGP 13-14 tn before end-2025, macro expert Moustafa Badra tells EnterpriseAM \u2014 funds are now a parallel channel, not a substitute. \u201cLet's separate the two, because this has its customer and that has its customer,\u201d Badra says. \u201cDespite the major expansion in funds and their ability to attract large investments and money, the entrenched base for many investors is still certificates and bank deposits.\u201d Abou El Saad makes the same point: CDs still work for savers who depend on fixed income to meet living expenses, while funds give more flexible investors a different tool. \u201c[CDs] have their people, but for people for whom certificates were not the right product, funds created another option,\u201d he tells us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Money<\/strong><strong> is not waiting to rotate \u2014 it has a job.<\/strong> Money market funds dominate the industry, holding EGP 276.3 bn in NAV at end-March (67% of the market) and accounting for 54.1% of all fund certificates. They delivered an average 4.44% return in 1Q, with the best-performing money market funds coming in above that average: Iskan Ins.\u2019s Kol Youm returned 6.37% in 1Q after delivering 24.7% in 2025, while Basata Cash returned 5.22% and Wethaq 5.20%. That concentration isn't a warning sign. \u201cMost citizens investing in money market funds are doing it because they want to preserve the value of their money, earn the highest possible return, and still be able to withdraw that liquidity at any time to face daily needs,\u201d Jacoub says. Abou El Saad is more direct: \u201cIf you look at the structure of investment funds in any country in the world, you will find it very close to these numbers. Money market funds usually make up 60-80% of any fund market globally.\u201d<\/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 smaller-ticket safe haven<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Precious metals funds were the quarter\u2019s clear performance winner<\/strong>, delivering an average 20.37% return in 1Q. Their NAV nearly doubled to EGP 10.1 bn from EGP 5.2 bn at the end of 2025, but they still account for just 2.5% of total fund NAV \u2014 making this a fast-growing corner of the market but not the center of gravity. The top performers came in slightly above the category average: Beltone Evolve\u2019s Sabaek returned some 21.7% in 1Q after delivering 52.4% in 2025, while Al Ahly Evolve\u2019s Dahab returned 21.41% after 50.4% annual gains in 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The structural reason gold funds work: physical gold has become expensive at the entry point.<\/strong> <a target=\"_blank\" href=\"https:\/\/almalnews.com\/2115696\/%D8%B4%D8%B1%D9%83%D8%A7%D8%AA-%D8%A7%D9%84%D8%B0%D9%87%D8%A8-%D8%AA%D8%AF%D8%B1%D8%B3-%D8%B1%D9%81%D8%B9-%D8%A7%D9%84%D9%85%D8%B5%D9%86%D8%B9%D9%8A%D8%A9-60-%D8%AC%D9%86%D9%8A%D9%87%D9%8B%D8%A7\/\" style=\"\">Al Mal<\/a> reports that making charges (masna\u2019ya) average EGP 350-400 per gram for local jewelry and EGP 800-1k per gram for imported pieces \u2014 while the official tax-accounting averages for gold workmanship will also <a target=\"_blank\" href=\"https:\/\/almalnews.com\/2116960\/%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D9%85%D8%B5%D9%86%D8%B9%D9%8A%D8%A9-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%B0%D9%87%D8%A8-%D9%88%D8%A7%D9%84%D9%81%D8%B6%D8%A9-10-%D8%A8%D8%AF%D8%A1%D9%8B%D8%A7\/\" style=\"\">rise 10% from July<\/a>. \u201cMost investors in these funds are more nimble investors who do not have large liquidity pools, so precious metals funds gave them what they were looking for: the ability to invest small amounts periodically,\u201d Yacoub tells us. Abou El Saad cautions that the structure shouldn't be confused for a trading vehicle: \u201cPeople understand that gold is a long-term thing, not something you trade. 1Q saw a very strong inflationary surge, and that cooled in 2Q with the decline in gold prices. It has cooled, but people are still net buyers in 2Q \u2014 just at a much lower rate.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Equities are growing, but <\/strong><strong>cash <\/strong><strong>still sets the market\u2019s shape.<\/strong> Equity funds are the largest category by number of funds, with 62 funds at the end of March and the second-largest by NAV at EGP 56.4 bn \u2014 around 13.7% of the market. Equity funds NAV grew 29.3% q-o-q, broadly in line with the industry\u2019s headline growth, while average 1Q returns came in at 4.18%. Index funds performed better, returning 7.54%, but remain tiny at just EGP 243.7 mn in NAV.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>That does not mean the EGX rally is failing to show up in funds.<\/strong> \u201cA year ago, we were talking about all equity funds being around EGP 10-11 bn \u2014 look at where we are now,\u201d Abou El Saad tells us. \u201cThe biggest reflection of that growth came from the FRA\u2019s new rules requiring private ins. funds and ins. companies to hold minimum investments in equity funds.\u201d Yacoub says the return picture also depends on timing and benchmarks, noting that \u201cthe real jump in the EGX30 happened in the final quarter of the year, and that was reflected in equity funds,\u201d while some index and shariah-compliant products saw stronger moves tied to their underlying stocks.<\/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 next test<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Real estate wants the gold-fund playbook.<\/strong> Real estate funds posted the sharpest NAV jump in the report, rising to EGP 8.98 bn from EGP 923.7 mn at the end of 2025. But this is still early-stage: real estate funds account for just 2.2% of total fund NAV and 0.32% of all fund certificates, with the jump driven largely by one large new vehicle rather than a broad retail breakout. \u201cReal estate funds will represent a good opportunity to organize Egypt\u2019s real estate sector and its pricing,\u201d Yacoub tells us. \u201cOnce this product gets its chance in marketing, it will attract a very large segment of investors, like what happened with gold.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The next test is fractional property.<\/strong> Abou El Saad says the next wave is about turning real estate into a smaller-ticket investment product. \u201cThe funds we are going to launch are the ones that let people invest in real estate with EGP 5k \u2014 this is where the fractional real estate idea comes in,\u201d he tells us. Platforms including Partment and Nawy Shares\u2019 <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/17\/lower-barriers-higher-returns-egypts-real-estate-investment-shift\/\" style=\"\">FRA-regulated fractional ownership model<\/a> are already moving in that direction. \u201cIf we succeed in real estate, real estate will be the king of the coming period,\u201d Abou El Saad says.<\/p>\n<p><strong>Real estate is where the regulatory framework matters most. <\/strong>The asset class has historically been the one most susceptible to informal arrangements, valuation disputes, and the dual-pricing problem that\u2019s now visible in industrial land. Badra makes the regulatory point explicitly: \u201cAs long as there is a regulatory framework \u2014 investment funds, regulated investment companies, regulated finance companies \u2014 that gives society confidence. For me, as long as this is under the state's umbrella, under the state\u2019s eyes, and under regulatory oversight, it is reassuring.\u201d Whether the access thesis extends to assets above the gold-fund ticket size \u2014 and whether the FRA\u2019s regulatory wrapper holds up to the test \u2014 will be clearer in the next four to six quarters.<\/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\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"707382 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=\"707382\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/707382\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-707382\" class=\"content-area-description single-story post-707382 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=\"707383\" 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=\"707383\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/madinet-masrs-bottom-line-dips-14-to-egp-682-5-mn-in-1q-2026\/\">\r\n                            Madinet Masr's bottom line dips 14% to EGP 682.5 mn in 1Q 2026                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/madinet-masrs-bottom-line-dips-14-to-egp-682-5-mn-in-1q-2026\/\" 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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However, the top line grew 7.4% y-o-y to EGP 2.8 bn as the developer ramped up construction, driving a staggering 256.7% increase in deliveries to hit 831 units.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New sales cooled 7.0% y-o-y to EGP 11.7 bn as the broader real estate market caught its breath.<\/strong> Even though the developer sold more homes \u2014 volumes jumped 59.0% to 1.5k units \u2014 average selling prices dropped as buyers gravitated toward an affordable housing project outside East Cairo, the company\u2019s IR department tells EnterpriseAM. Routine contract terminations also drove EGP 264.1 mn in revenue reversals, though strong collections improved the delinquency rate to 1.0% from 1.6% a year earlier.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A first-ever dividend:<\/strong> Madinet Masr distributed its first-ever stock dividend of 4.2% in March, alongside a banknote payout. Robust collections also helped the developer close the quarter with EGP 380.1 mn in net liquidity, reversing an EGP 329.2 mn net debt position at the end of 2025.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong><strong> company has also recently launched several subsidiaries<\/strong>, which it described as \u201cvertically expanding our services ecosystem around our core industry development business.\u201d The brokerage arm, Doors, aims to expand sales and brokerage reach, while finishing-services provider, Finishing Solutions, supports customers post-handover. Additionally, the fractional investment platform SAFE is geared to expand monetization prospects across the customer lifecycle and diversify revenue streams.<\/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\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/madinet-masr\/\">Madinet Masr<\/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=\"707385\" 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=\"707385\">\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\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/emaar-misr-ceo-mostafa-el-kady-is-out-mohamed-alabbar-takes-over\/\">\r\n                            CEO out, founder in                        <\/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\/03\/emaar-misr-ceo-mostafa-el-kady-is-out-mohamed-alabbar-takes-over\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The company disclosed that it has not appointed a new CEO.<\/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\/emaar-misr\/\">Emaar Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"707387 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=\"707387\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/707387\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-707387\" class=\"content-area-description single-story post-707387 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=\"707388\" 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=\"707388\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/govt-taps-global-markets-for-six-more-lng-cargoes-to-avoid-summer-blackouts\/\">\r\n                            Fueling summer                        <\/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\/03\/govt-taps-global-markets-for-six-more-lng-cargoes-to-avoid-summer-blackouts\/\" 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\/03\/govt-taps-global-markets-for-six-more-lng-cargoes-to-avoid-summer-blackouts\/')\">\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\/03\/govt-taps-global-markets-for-six-more-lng-cargoes-to-avoid-summer-blackouts\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Gov\u2019t taps global markets for six more LNG cargoes to avoid summer blackouts&url=https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/govt-taps-global-markets-for-six-more-lng-cargoes-to-avoid-summer-blackouts\/\">\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\/03\/govt-taps-global-markets-for-six-more-lng-cargoes-to-avoid-summer-blackouts\/&title=Gov\u2019t taps global markets for six more LNG cargoes to avoid summer blackouts\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Gov%E2%80%99t+taps+global+markets+for+six+more+LNG+cargoes+to+avoid+summer+blackouts+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F06%2F03%2Fgovt-taps-global-markets-for-six-more-lng-cargoes-to-avoid-summer-blackouts%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\/03\/govt-taps-global-markets-for-six-more-lng-cargoes-to-avoid-summer-blackouts\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/389.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"707389\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/govt-taps-global-markets-for-six-more-lng-cargoes-to-avoid-summer-blackouts\/389-jpg-26\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/389.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"389.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/389.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/389.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-707388\" class=\"content-area-description single-story post-707388 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseam tag-general-authority-for-investment-and-freezones tag-oil-and-gas 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>More LNG coming our way:<\/strong> Egypt is tapping global markets for another six liquefied natural gas (LNG) shipments this month, bringing its total June deliveries to 28, <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2026\/06\/02\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%AA%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D8%A7%D8%B3%D8%AA%D9%8A%D8%B1%D8%A7%D8%AF-6-%D8%B4%D8%AD%D9%86%D8%A7%D8%AA-%D8%BA%D8%A7%D8%B2-%D9%85%D8%B3%D8%A7%D9%84-%D8%A7%D8%B6%D8%A7%D9%81%D9%8A%D8%A9-%D8%AE%D9%84%D8%A7%D9%84-%D9%8A%D9%88%D9%86%D9%8A%D9%88\" style=\"\">Al Arabiya<\/a> reports, citing unnamed government officials. The move aims to offset a supply shortfall from maintenance shutdowns at Israeli gas fields and shore up reserves ahead of heightened summer demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BACKGROUND-<\/strong> The government is looking to secure 130 LNG shipments starting June to ensure we see no blackouts this summer. A big chunk of our LNG imports come from the US, Trinidad and Tobago, Mauritania, and Nigeria \u2014 we <a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/energy\/en\/news-research\/latest-news\/electric-power\/060126-egypt-leads-us-lng-cargo-destinations-in-may-as-european-share-drops\" style=\"\">were the top<\/a><a target=\"_blank\" href=\"https:\/\/www.spglobal.com\/energy\/en\/news-research\/latest-news\/electric-power\/060126-egypt-leads-us-lng-cargo-destinations-in-may-as-european-share-drops\" style=\"\">destination<\/a> for US LNG cargoes last month, securing 16 of the 153 cargoes delivered throughout the month. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How much gas are we talking about? <\/strong>According to initial estimates, May\u2019s LNG shipments cover 23-26% of local demand (around 1.5-1.7 bcf \/ d), while June\u2019s planned cargoes should provide close to 2 bcf \/ d. To put things in perspective, Egypt imported nearly 2.35 bcf \/ d of natural gas in 1Q, accounting for 38% of the country\u2019s total available gas supply. As summer consumption edges toward 7 bcf \/ d, imports are set to play an even larger role, covering nearly 45% of peak consumption.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Wanna go deeper?<\/strong> We unpacked the country\u2019s <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/why-our-gas-sector-is-leaning-heavily-on-lng-imports\/\" style=\"\">gas balance sheet<\/a> over the last three years earlier this week.<\/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\">Sohag is getting a new public freezone<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sohag is set to house a new public freezone after securing <\/strong><strong>preliminary <\/strong><strong>approval from the General Authority for Investment and Freezones (Gafi)<\/strong>, Sohag Investors Association Chairman Mahmoud El Shendweily told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2026\/06\/01\/1970977\" style=\"\">Al Borsa<\/a>. The zone aims to funnel fresh capital into Upper Egypt and scale up industrial exports by leveraging the governorate\u2019s direct access to Red Sea shipping hubs. However, the final rollout hinges on overhauling the area's aging infrastructure to set up dedicated power, water, and natural gas networks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The cost question is still hanging over investors.<\/strong> Manufacturers are pushing for the return of tax breaks, relief on overdue social ins. payments, and lower industrial land prices, El Shendweily said. He claimed land prices jumped from EGP 200 to EGP 1.1k per sqm \u2014 a figure still lower than the EGP 1.9k per sqm we reported <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/govt-hikes-industrial-land-prices-up-to-250-stirring-backlash-from-manufacturers\/?utm_source=chatgpt.com\" style=\"\">last year<\/a> but enough to echo the broader manufacturer backlash over surging land costs slowing new investment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> The Sohag project aligns with a broader state drive to launch four new public freezones by the end of the year. As Egypt\u2019s nine existing zones hit 95% capacity, Gafi <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1313150817522002?ref=embed_post\" style=\"\">plans<\/a> to launch four new freezones in 10th of Ramadan, New October, New Borg El Arab, and New Alamein. <\/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\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"707390\" 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=\"707390\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/muted-ai-exposure-and-war-spell-trouble-for-indian-equities\/\">\r\n                            Muted AI exposure and war spell trouble for Indian equities as AI shakeout puts other EMs ahead                        <\/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\/03\/muted-ai-exposure-and-war-spell-trouble-for-indian-equities\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> 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data-attachment-id=\"707391\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/03\/muted-ai-exposure-and-war-spell-trouble-for-indian-equities\/169-jpg-42\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/169.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"169.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/169.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/169.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-707390\" class=\"content-area-description single-story post-707390 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam tag-financial-markets tag-india 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;orphans:2;widows:2;text-align:left\"> <strong>Foreign investment in Indian equities hit its lowest level in nearly te<\/strong><strong>n years<\/strong>, with <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-02\/global-funds-pull-out-a-decade-s-worth-of-india-equity-inflows?srnd=homepage-middle-east\" style=\"\">Bloomberg<\/a> reporting that overseas holdings dipped to INR 7.3 tn at the start of June. The slide marks a sharp reversal for a market that spent years as one of the standout destinations in emerging markets, drawing investors in with its strong GDP growth, expanding middle class, and young demographic dividend. Two converging forces are now driving the retreat.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US-Iran conflict has rattled global investor sentiment, but India is absorbing the shock more acutely than most.<\/strong> As the world's third-largest oil importer, India is directly exposed to the elevated oil prices triggered by the conflict. Higher energy costs feed quickly into inflation, widen the current account deficit, and put downward pressure on the INR, which has already fallen from around INR 90 to beyond INR 95 against the USD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The resulting risk-off sentiment has accelerated foreign outflows that were already underway: <\/strong>India recorded USD 17 bn in outflows <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2025-10-15\/most-sold-emerging-market-is-gripped-by-a-profit-crunch\" style=\"\">by late 2025<\/a> as US tariff pressures and weaker global sentiment began to bite, with overseas ownership of NSE-listed firms falling to under 17% \u2014 around a 15-year low.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The second headwind is structural and longer-term, but investors are pricing it in now.<\/strong> India's economic model has long relied on a large, skilled, English-speaking workforce to power its services and outsourcing sectors \u2014 but that is precisely the category of labour most exposed to automation in the current AI cycle. That could threaten a core pillar of India\u2019s GDP, and \u2014 unlike Taiwan or South Korea \u2014 India has a limited presence in the semiconductor and AI infrastructure supply chains that stand to benefit most from the current technology wave.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite the foreign exodus, there\u2019s still been activity. <\/strong>The IPO market closed 2025 with a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/29\/india-closes-usd-22-bn-ipo-year-as-domestic-investors-take-the-lead\/\" style=\"\">record USD 22 bn<\/a> raised across more than 200 approved listings. The caveat: 75% of allocations were absorbed by domestic institutions and retail investors.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who's picking up India's slack? <\/strong>The capital rotating out of India is, in part, finding a home in markets better positioned for the AI era. Taiwan and South Korea both have deep semiconductor and AI infrastructure exposure that India lacks. Taiwan <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/indias-fifth-spot-global-market-cap-list-under-threat-taiwan-closes-2026-05-26\/\" style=\"\">has been climbing toward<\/a> India's spot as the fifth-largest global equity market by capitalization \u2014 driven largely by TSMC, which climbed more than 25% in April alone. South Korea's Kospi has recently hit a record high.<\/p><p class=\"tag-border-left\">MARKETS THIS MORNING- <\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Japan\u2019s Nikk<\/strong><strong>ei hit record highs in early trading<\/strong>, echoing gains felt across Wall Street. The benchmark is up over 2% this morning with gains across automakers and tech stocks fueling the rally. The Shanghai Composite is looking at more modest gains, while the Hang Seng is in the red, down 1.2%. <\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>EGX30<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">52,927<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +26.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CBE)<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 51.80<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 51.94<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>USD (CIB<\/strong><strong>) <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Buy 51.80<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 51.90<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Interest rates (CBE)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">19.00% deposit<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">20.00% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Tadawul<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">11,016<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +5.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>ADX<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">9,621<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.3% (YTD: -3.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>DFM<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">5,732<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.7% (YTD: -5.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 500<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">7,610<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.1% (YTD: +11.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>FTSE 100<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">10,374<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +4.5%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">6,108<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.2% (YTD: +5.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Brent crude<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 96.00<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+1.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Natural gas (Nymex)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 3.17<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>Gold <\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 4,492<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.6%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong> <\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 67,302<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-5.8% (YTD: -23.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P Egypt Sovereign Bond Index<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">1,051<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.1% (YTD: +5.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P MENA Bond &amp; Sukuk<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">151.63<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-0.4% (YTD: -0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">15.77<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-1.7% (YTD: +5.5%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div><p class=\"tag-border-left\">THE CLOSING BELL-<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30<\/strong><strong> rose 0.1% at <\/strong><strong>yesterday\u2019s <\/strong><strong>close<\/strong> on turnover of EGP 10.4bn (28.5% above the 90-day average). International investors were the sole net sellers. The index is up 26.5% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> Oriental Weavers (+3.2%), Kima (+3.2%), and Ibnsina Pharma (+1.8%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Palm Hills Developments (-2.6%), Orascom Development (-2.3%), and Abu Qir Fertilizers (-2.1%).<\/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\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/india\/\">India<\/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 hardhat vertical-section wide-section wp-block-group issue-section\" id=\"707392\">\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\/27467.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep-dive into infrastructure in Egypt.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27479.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Wednesday 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\/hardhat\/\">\r\n                            Read Hardhat                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">9<\/div>\r\n    \r\n                        <p class=\"f-graphik\">HARDHAT<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/egypts-construction-sector-split-between-large-firms-diversifying-abroad-and-smaller-contractors-burning-through-capital\/\"> \r\n                            The mid-tier crunch<\/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\/hardhats\/egypts-construction-sector-split-between-large-firms-diversifying-abroad-and-smaller-contractors-burning-through-capital\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Big industry players tell EnterpriseAM that the nominal contract values currently on the books are masking a deep liquidity squeeze and margin erosion that could push smaller firms into bankruptcy before private investment lands in their accounts.<\/p>\n<p><strong>The market has split into two tracks.<\/strong> Large contractors have shielded themselves by exporting work and reducing exposure to the local market. Orascom Construction\u2019s FY 2025 results showed a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/01\/finance-ministry-to-launch-real-estate-tax-app-in-april\/\" style=\"\">record USD 9.0 bn backlog<\/a> \u2014 growth that did not come from Egypt but from geographic diversification. Its US backlog jumped 80.6% to USD 2.89 bn, driven by data center and aviation projects, while its MENA and Africa backlog rose on major projects in Saudi Arabia and the UAE. Second- and third-tier contractors are on the other side of the trade. \u201cWe are selling assets and land to stay in the market,\u201d Egyptian Federation for Construction & Building Contractors (EFCBC) board member Shams El Din Youssef tells EnterpriseAM. \u201cSome second- and third-tier companies \u2014 and even first-tier firms that did not hedge \u2014 have already gone bankrupt.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The books may still show revenues flowing, but on the ground, contractors are dealing with a liquidity crunch and sharp margin erosion.<\/strong> Current contract values are misleading, Youssef says. \u201cThe contract value for all contractors in Egypt is a nominal value \u2014 when I add variable cost items and price differences, the value doubles.\u201d In one government contract, asphalt costs rose from EGP 100 per sqm at signing to EGP 350 today, he tells us. State compensation covers only 60-70% of contractors\u2019 actual losses, leaving companies to bear losses they are neither obligated nor able to carry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Imports make the squeeze structurally worse.<\/strong> \u201cNo less than 40-50% of project money goes to supplies, equipment, or electromechanical works imported from abroad in foreign currency,\u201d EFCBC Head Mohamed Sami Saad tells us. The sector\u2019s reliance on imported inputs means external shocks \u2014 FX volatility, regional supply disruptions \u2014 hit ongoing projects directly rather than working through over months.<\/p>\n<p dir=\"rtl\" style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">The macro picture<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The macro picture confirms what contractors are reporting. <\/strong>Fitch cut its real growth forecast for the sector to <a target=\"_blank\" href=\"https:\/\/www.fitchsolutions.com\/bmi\/infrastructure\/us-iran-conflict-compounds-headwinds-to-egypt-construction-10-04-2026\" style=\"\">0.4% in FY 2025\/26<\/a> from an earlier 5.6% projection. The downgrade is driven by a strategic shift in public spending, with the government redirecting priorities toward debt management in line with IMF program targets \u2014 scaling back the public sector's role and creating what Fitch describes as a \u201cvisible investment gap.\u201d Construction activity already shrank 0.3% in 1H FY 2025\/26, and Fitch warns the difficult operating environment will persist amid high financing costs, building materials inflation, and regional conflict spillovers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The state has stepped in with emergency measures.<\/strong> The EFCBC formed a crisis committee and requested contract extensions to protect companies from delay penalties and project withdrawals. The government has <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/efcbc\/posts\/pfbid0KkQu9C9edoWkLSpo8s4ctHg9sts8aj5TWoP7828r5QHxstVksZLNJx5etmHaUj5ql?locale=ar_AR\" style=\"\">granted contractors additional time<\/a>, Saad says. \u201cThe government is making every effort to support the sector because it employs a very large workforce and moves a lot of local industries,\u201d he tells us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Skilled workers are leaving. <\/strong>Beyond the liquidity crunch, the sector is bleeding talent to the Gulf \u2014 a migration that\u2019s pushing local wages higher and adding another layer of pressure on developers and contractors, Fitch notes. The local talent drain tracks a wider global construction labour squeeze that the Project Management Institute <a target=\"_blank\" href=\"https:\/\/www.pmi.org\/learning\/thought-leadership\/construction-project-management-talent-gap\" style=\"\">expects to grow by 2.5 mn project managers by 2035<\/a>.<\/p>\n<p dir=\"rtl\" style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">How does the sector hold on until recovery?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shift toward maintenance and operations.<\/strong> \u201cWe are advising [contractors] to move from contracting into maintenance and operations,\u201d Saad tells EnterpriseAM. \u201cConstruction will slow, but maintenance and operations contracts are sustainable and include large amounts over long periods.\u201d The federation has also begun preparing companies to work under international contract formats ahead of dealing with donors and Gulf and foreign investors \u2014 a move that would let domestic contractors plug into the FDI-driven recovery rather than just wait for it to land.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The second push is making construction a real FX earner. <\/strong>Contractors are lobbying for state backing to export their services more aggressively, with Youssef framing the ambition in big terms \u2014 he wants Egyptian construction exports to one day rival Suez Canal revenue. The current obstacles are concrete. \u201cI am ready to provide all guarantees, but I cannot get a letter of guarantee to work abroad,\u201d Youssef says. Red tape compounds the problem: \u201cIssuing a work visa for an Egyptian project manager in Iraq costs USD 2.5k \u2014 how can I compete?\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For now, contractors don't see the private-sector pipeline as a quick fix. <\/strong>\u201cDevelopers themselves are not launching many projects right now,\u201d Youssef says, as they feel the impact of weaker government liquidity. The maintenance-and-operations pivot Saad is recommending, and the export-services push the federation is lobbying for, are both medium-term plays. The bridge to FY 2026\/27 will have to be walked on what contractors already have on their books.<\/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\/construction\/\">construction<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hardhat\/\">Hardhat<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\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=\"707394\" 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\/03\/707394\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-707394\" class=\"content-area-description single-story post-707394 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>Potential S&#038;P frontier downgrade | Investment funds jump 30% | The construction liquidity crunch<\/p>\n","protected":false},"featured_media":707371,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-707370","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"ba5033d8-63b1-4b18-8f9f-85efdcb624bc","teaser":"Potential S&P frontier downgrade | Investment funds jump 30% | The construction liquidity crunch","photo_url":"https:\/\/ent.news\/2026\/6\/200.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IDA asks parliament for EGP 21 bn lifeline - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/ida-asks-parliament-for-egp-21-bn-lifeline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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