{"id":710440,"date":"2026-06-15T00:00:00","date_gmt":"2026-06-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=710440"},"modified":"2026-06-15T02:46:01","modified_gmt":"2026-06-15T02:46:01","slug":"our-first-luxury-ev","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/our-first-luxury-ev\/","title":{"rendered":"Our first luxury EV"},"content":{"rendered":"<section id=\"710442\" 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=\"710442\">\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\/15\/transport-ministry-to-reject-ad-ports-sweetened-mto-for-alex-containers\/\">\r\n                            Transport Ministry to say no to AD Ports\u2019 MTO                        <\/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\/15\/transport-ministry-to-reject-ad-ports-sweetened-mto-for-alex-containers\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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hentry category-what-were-tracking-today-10 tag-ad-ports tag-enterpriseam tag-financial-regulatory-authority tag-logistics tag-ma tag-maritime tag-mining tag-mrmia tag-transport-ministry tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, ladies and gents.<\/strong> In our big story today we look at the latest win for our automotive localization efforts \u2014 Chinese luxury EV maker Rox Global will start manufacturing what is set to be the first locally-made luxury EV under an equity shareholder with Ezz El Arab Elsewedy Investments. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt is cementing its status as the East Med\u2019s premier energy middleman<\/strong>, striking a new agreement with ExxonMobil and QatarEnergy to receive, process, and re-export gas from Cyprus\u2019s Pegasus and Glaucus fields.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>From the Med to China:<\/strong> We take a deep dive into China\u2019s recent extension of its local-currency swap line with us for three more years, lifting the ceiling to CNY 30 bn. This gives us a buffer, but won't fix our massive trade deficit with Beijing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BUT FIRST- A tip of the hat this morning to the Egyptian chief marketing officers who <\/strong><strong>made <\/strong><strong>Forbes Middle East\u2019s 2026 list of most influential CMOs. <\/strong>Longtime friends of EnterpriseAM are peppered across the list, including some of our favourite people: <strong>May El Gammal<\/strong> (EFG Holding), <strong>Romany Hafez<\/strong> (CIB), <strong>Hassan El Sada<\/strong> (Beltone), and <strong>Ghada Hammouda<\/strong> (Qalaa Holdings). Among our friends from the UAE represented are <strong>Muna Al Ghurair <\/strong>(Mashreq) and <strong>Suad Merchant <\/strong>(GEMS Education). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also making the list from Omm El Donia:<\/strong> Abdelazim Osman (Nawy), Ahmed Imbabi (E& Egypt), Ahmed Negm (Elsewedy Electric), Ayman Zahran (TMG), Dina Abou Taleb (National Bank of Egypt), Dina Atallah (Al Ahly Sabbour Developments), Fatma El Goully (Banque Misr), Gehan ElGoly (HDB), Mohamed Eid Soliman (Pickalbatros Hotels & Resorts), Nour Elzeny (Suez Canal Bank), Passant Fouad Ismail (Valmore Holding). Yosra Ebeidy (El Gouna \/ ODE)<\/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:\/\/www.forbesmiddleeast.com\/lists\/the-middle-easts-most-influential-cmos\/\" style=\"\">You can tap or click here to explore<\/a><\/strong><strong> the full list. <\/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 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=\"\">ARE YOU MORE OF A LISTENER?<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/omny.fm\/shows\/enterpriseam-egypt\" style=\"\">Morning Drive is a 10-minute summary<\/a> of today\u2019s issue crafted for you to enjoy with your morning coffee, while getting the kids ready for school, or driving through the morning rush.<strong> And if you like it, tell your friends to tell their friends. They can find us on <\/strong><strong><a target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/enterpriseam-egypt\/id1617987136\" style=\"\">Apple<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/open.spotify.com\/show\/1hzX6KVJGkuj4udK2DvD5Y\" style=\"\">Spotify<\/a><\/strong><strong>, or wherever they get their podcasts.<\/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\">Holding tight<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a>  <strong>EXCLUSIVE<\/strong><strong>- The Transport Ministry is set to reject AD Port\u2019s mandatory tender offer to acquire up to 90% of Alexandria Cont<\/strong><strong>ainer and Cargo Handling (ALCN)<\/strong>, a senior government official tells EnterpriseAM. The Emirati port operator \u2014 bidding through its subsidiary Black Caspian Logistics \u2014 offered EGP 27.47 per share <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/14\/ad-ports-bumps-up-alex-containers-offer-to-egp-27-47-per-share-to-consolidate-51-3-majority\/\" style=\"\">last week<\/a> to consolidate its control over the local maritime operator. The newly submitted offer will be presented at an upcoming ALCN board meeting, pending the receipt of an official decision from the state-owned Holding Company for Maritime and Land Transport, the official says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The state is holding the line:<\/strong> The Abu Dhabi wealth fund ADQ-owned AD Ports has recently sweetened its bid by 19.5% from an initial EGP 22.99 per share offer submitted <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/18\/whats-really-happening-with-that-mto-for-alexandria-containers\/\" style=\"\">late last year<\/a>, attempting to consolidate the 51.33% indirect majority it has built in the company <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/adq-makes-grand-entry-into-the-egx-with-usd-1-8-bn-buy-launches-first-mena-spac-with-chimera\/\" style=\"\">since 2022<\/a>. But the government \u2014 which controls a combined 42.9% blocking stake of ALCN through the Holding Company for Maritime and Land Transport (35.3%) and the Alexandria Port Authority (7.6%) \u2014 is refusing to hand over the keys of its lucrative Mediterranean gateway asset.<\/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\">FRA gives teeth to court rulings<\/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 Financial Regulatory Authority (FRA) launched a new system to enforce final court and arbitration rulings on unlisted securiti<\/strong><strong>es held at the central depository<\/strong>, the authority said in a <a target=\"_blank\" href=\"https:\/\/sis.gov.eg\/ar\/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2-%D8%A7%D9%84%D8%A5%D8%B9%D9%84%D8%A7%D9%85%D9%8A\/%D8%A7%D9%84%D8%A3%D8%AE%D8%A8%D8%A7%D8%B1\/%D8%A7%D9%84%D8%B1%D9%82%D8%A7%D8%A8%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A2%D9%84%D9%8A%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D8%A3%D8%AD%D9%83%D8%A7%D9%85-%D8%A7%D9%84%D8%A3%D9%88%D8%B1%D8%A7%D9%82-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9\/\" style=\"\">statement<\/a>. The decision is meant to fix a long-running market bottleneck where mandatory orders forcing the sale or transfer of these financial instruments stalled out due to the lack of a clear execution pipeline.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How it works:<\/strong> The prevailing party hands their final ruling or arbitration award to Misr for Central Clearing, Depository, and Registry (MCDR), alongside proof of notification to the losing party, evidence of payment (if required), and all necessary regulatory approvals. MCDR reviews the paperwork, gives the EGX one week to flag any issues, and finally moves the securities and settles the funds where required.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SOUND SMART-<\/strong> Unlisted securities are shares or other papers that do not trade on the main stock exchange but still need an official system to change hands. This includes shares of companies that left the EGX but kept their records at MCDR or other private shares that rely on official market infrastructure. Because they are not publicly listed, these shares do not have daily price limits, index tracking, or regular opening and closing bells.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters<\/strong><strong>:<\/strong> The decision finally adds teeth to the specialized dispute-resolution system the FRA has been building for non-bank financial markets. <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/03\/fra-proposes-amendments-to-ease-establishment-investment-vc-funds\/\" style=\"\">Last year<\/a>, former FRA head Mohamed Farid argued that Egypt doesn\u2019t need new capital-market courts \u2014 it can utilize existing economic courts and the Egyptian Center for Arbitration and Settlement of Non-Banking Financial Disputes (ECAS). ECAS offers a fast-track arbitration route for financial disputes, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/10\/10\/marian-kaldas-executive-director-of-the-egyptian-center-for-arbitration-and-settlement-of-non-banking-financial-disputes\/\" style=\"\">Executive Director Marian Kaldas<\/a> explained to us in 2024. Now, current FRA boss Islam Azzam is closing the loop, ensuring those hard-won judicial rulings actually result in shares changing hands.<\/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\">No more waiting<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>The Mineral Resources<\/strong> <strong>and Mining Industries Authority (MRMIA) launched its first-ever open-sector mining expl<\/strong><strong>oration bid round on 10 June<\/strong>, replacing the old single-deadline system with a rolling application window for various minerals, the authority said in a <a target=\"_blank\" href=\"https:\/\/emra.gov.eg\/ar\/w\/open-blocks-investment-opportunities-mineral-exploration-for-gold-associated-minerals-phosphate-talc-kaolin-\" style=\"\">statement<\/a> last week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Here\u2019s how it works:<\/strong><\/p>\n<ul>\n<li><strong>No more waiting:<\/strong> Companies can now apply for an exploration block whenever they are ready;<\/li>\n<li><strong>The 30-day clock:<\/strong> Once an initial bid is submitted for a specific block, a 30-day window automatically opens for competitors to make a counter-offer;<\/li>\n<li><strong>Always available:<\/strong> Blocks that attract no bids remain on the open market.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> We broke the news <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/\" style=\"\">back in February<\/a> that the Oil Ministry was developing this new digital platform to move away from the traditional, area-specific bidding process. The open-sector system eliminates the bureaucratic friction of periodic auctions \u2014 which historically required companies to buy expensive booklets, pay exorbitant ins. fees, and wait years for a tender window. This should help the government achieve its target of <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/04\/egypt-slashes-exploration-rents-red-rape-to-attract-foreign-investment-in-mining\/\" style=\"\">raising the mining sector\u2019s GDP contribution to<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/04\/egypt-slashes-exploration-rents-red-rape-to-attract-foreign-investment-in-mining\/\" style=\"\">5-6%<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/04\/egypt-slashes-exploration-rents-red-rape-to-attract-foreign-investment-in-mining\/\" style=\"\">by 2030<\/a>, up from less than 1% currently.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Happening today<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sisi, Trump<\/strong><strong> set to meet amid regional war wind-down:<\/strong> President Abdel Fattah El Sisi is slated to meet with US President Donald Trump at the G7 Summit in France, which kicks off today, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-13\/trump-to-meet-with-mideast-partners-on-sidelines-of-g7-in-france\" style=\"\">Bloomberg<\/a> reports, citing White House officials. The ongoing US-Iran conflict is expected to weigh heavily on the proceedings, though Trump <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/14\/govt-rolls-out-temporary-tax-cards-to-speed-up-corporate-formation\/\" style=\"\">noted<\/a> a resolution could be signed imminently. France has <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/iran-ukraine-loom-over-g7-france-accommodates-trump-2026-06-11\/\" style=\"\">invited Egypt<\/a> \u2014 a key mediator \u2014 in addition to other nations affected by the war, namely Saudi Arabia, the UAE, and Qatar. The summit will wrap up on Wednesday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- It\u2019s another sunny day in Cairo<\/strong>, with the capital looking at a high of 34\u00b0C and a low of 23\u00b0C, according to our favorite weather app.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s nicer in Alexandria<\/strong>, with a high of 28\u00b0C and a low of 20\u00b0C.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/784.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">You can survive a bad investment, but you cannot undo a severance package you never negotiated.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">You're at the stage where the questions have shifted: who gets what, whether your estate survives you intact or gets tied up in courts, whether you exit on your terms or let timing decide for you.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Retirement isn't a finish line but a structure problem, and most people get it wrong. It's not because they ran out of money but because they never asked the right questions at the right time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">In the final issue of <strong>EnterpriseAM Money Matters<\/strong>, we cover the decisions that define how you exit: estate planning under Egyptian law, what to actually ask your lawyer before you step back, how to read a severance package, when phased retirement makes financial sense \u2014 and when cashing out your options is the smartest move you'll make this decade.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Coming straight to your inbox \u2014 Wednesday, June 17.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p class=\"tag-border-left\">The big story abroad <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mark your calendars for Friday: <\/strong>The US and Iran <a target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116750814874397998\" style=\"\">will ink<\/a> an agreement to end the war and reopen the Strait of Hormuz on Friday \u2014 the agreement is \u201cnow complete,\u201d according to <a target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/116750587569914985\" style=\"\">US President Donald Trump<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While the details of the agreement remain unclear<\/strong>, Pakistani Prime Minister Shehbaz Sharif <a target=\"_blank\" href=\"https:\/\/x.com\/CMShehbaz\/status\/2066268332832194810\" style=\"\">said<\/a> it includes the \u201cpermanent termination of military operations on all fronts, including in Lebanon.\u201d And contrary to Trump\u2019s statement, the Iranian side <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-slips-over-4-after-us-iran-reach-peace-deal-reopen-strait-hormuz-2026-06-14\/\" style=\"\">said<\/a> the agreement calls for the reopening of Hormuz within 30 days. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UK, France, Germany, and Italy <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/uk-france-germany-italy-ready-lift-iran-sanctions-after-us-iran-deal-2026-06-14\/\" style=\"\">said<\/a><\/strong> <strong> they\u2019re ready to lift sanctions on Iran <\/strong>in light of its efforts addressing its nuclear program. \u201cIran \u200cmust \u2060never acquire a nuclear weapon. We stand ready to work with \u2060the US, Iran and the IAEA to this \u2060end,\u201d they said in a joint statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Markets reacted as expected: <\/strong>After Trump\u2019s call for the ships of the world to start their engines and \u201clet the oil flow,\u201d Brent fell almost 4% to USD 83.86. One LNG tanker <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-14\/lng-tanker-heads-toward-hormuz-as-deal-raises-hopes-of-reopening\" style=\"\">is on its way<\/a> to the strait after being stuck in the Gulf for months now, we\u2019ll be closely watching to see if it makes the trip safely. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Asian markets and US futures celebrated the news: <\/strong>Asia-Pacific equities jumped in early trading, with Japan\u2019s Nikkei and South Korea\u2019s Kospi hitting fresh highs on the back of the news and a semiconductor-led rally. Over in the US, stocks are set to open up, with futures in the green.<\/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\/2024\/5\/2495.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue:<\/strong> We unpack the government\u2019s new play to educate the next generation of retail investors by injecting financial literacy and simulated EGX trading directly into the Grade 11 curriculum.<\/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\/ad-ports\/\">AD Ports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/logistics\/\">logistics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ma\/\">M&amp;A<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/maritime\/\">maritime<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mining\/\">mining<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/mrmia\/\">MRMIA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport-ministry\/\">Transport Ministry<\/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> 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target=\"_blank\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/786.jpg?ssl=1\"><\/a><\/span><\/p><div class=\"grouped-tags\">\n<p><span style=\"font-weight:400;\">London, Meet SOMA.<\/span><\/p>\n<p><span style=\"font-weight:400;\">Join us at the Nile Property Expo, London Hilton Park Lane, 27\u201328 June.<\/span><\/p>\n<p><span style=\"font-weight:400;\">Discover Red Sea residences crafted for real living.<\/span><\/p>\n<p><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/londonmeetsoma.com\/\" style=\"\">Click here to book your appointment now.<\/a><\/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=\"710445\" 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=\"710445\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">The Big Story Today<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/15\/rox-esi-to-manufacture-egypts-first-luxury-passenger-ev\/\">\r\n                            Our first luxury passenger EV is officially in the works                        <\/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 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           <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/15\/rox-esi-to-manufacture-egypts-first-luxury-passenger-ev\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/851.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"710446\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/15\/rox-esi-to-manufacture-egypts-first-luxury-passenger-ev\/851-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/851.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"851.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/851.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/851.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-710445\" class=\"content-area-description single-story post-710445 post type-post status-publish format-standard has-post-thumbnail hentry category-the-big-story-today tag-automotive tag-enterpriseam tag-evs tag-the-big-story-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Chinese luxury EV maker Rox Global is expanding in the <\/strong><strong>local market<\/strong> through an equity shareholder with Ezz El Arab Elsewedy Investments (ESI), named Rox ESI Egypt. The news was unveiled at a launch event attended by EnterpriseAM last night. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new company will produce what its backers say is the first <\/strong><strong>luxury electric vehicle manufactured in the country. <\/strong>The new alliance aims to leverage the significant investment and manufacturing capabilities of Elsewedy and Ezz El Arab, and positions Egypt as the primary strategic platform and the leading production and logistics hub for Rox in the Middle East and Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know:<\/strong> Production is scheduled to kick off in mid-2027 at ESI's 100k sqm complex in Sixth of October \u2014 its capacity is being doubled to 80k through a second car plant. \u201cWe\u2019ll start at roughly 3k cars and reach 5k within three years. In June 2027, the first Egyptian made Rox will roll off the production line,\u201d ESI Chairman Hisham Ezz El Arab tells us. The local component ratio will sit within the Industrial Development Authority's 45% requirement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> Parent carmakers rarely take equity in Egypt \u2014 the market runs on importers and badge-assembly deals. Ezz El Arab framed the JV as exactly the type of foreign direct investment the country has been chasing. \u201cIt's very rare for parent companies to come here themselves,\u201d he tells EnterpriseAM. He is also betting on supply stability as a selling point: locally-built cars don't seize up when \u201cthe USD stops\u201d and imports stall. \u201cAnd we\u2019ll give the market the same Chinese quality vehicle at a better price,\u201d he adds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For Rox, Egypt is the gateway to Africa. <\/strong>Founder and CEO Jarvis Yan told us that the venture will serve Nigeria, Angola, and Ghana as a start, and a plant focused on right-hand-drive variants is planned to open East and Southern Africa. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rox entered the Egyptian market in 2025 with its luxury SUV the <\/strong><strong>Rox 01 (a range extended electric vehicle). <\/strong>It quickly became <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/11\/why-egypts-ceos-are-opting-for-chinese-luxury-cars-over-range-rovers\/\" style=\"\">a favorite among Egyptian CEO\u2019s<\/a>. The vehicle, which resembles the Land Rover Defender, sells for roughly EGP 3.5 mn which sits in comparison to the Defender\u2019s EGP 10 mn price tag. Through distributor Nour El Din El Sherif Rox has three showrooms in both Cairo and Alexandria, and counts the UAE as its single biggest market globally.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cThe MENA region in general has been a huge growth market for <\/strong><strong>us<\/strong>,\u201d said Yan. The company currently serves over 20k Rox owners across MENA. \u201cI think the interesting thing about Rox is that it is made for a global market rather than the domestic Chinese market. It is made to appeal to international tastes,\u201d said Ezz El Arab. \u201cIt\u2019s already selling well and we think the Rox ESI Egypt will sell even better.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What is ESI? <\/strong> It\u2019s a 50-50 partnership between Elsewedy Industries and the Ezz El Arab Automotive Group <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/12\/elsewedy-capital-and-ezz-el-arab-automotive-team-up-to-locally-assemble-cars\/\" style=\"\">established in 2023<\/a>. \u201cWe created an automotive manufacturing entity that takes the industrial know-how and the network of Elsewedy Group and combines it with the automotive expertise and brand equity of Ezz El Arab. Within this holding company structure we have a manufacturing company that owns two factories in Sixth of October and a commercial entity that sells and distributes,\u201d Ezz El Arab tells us. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ESI <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/27\/ezz-elsewedy-to-pump-usd-100-mn-into-auto-manufacturing\/\" style=\"\">started manufacturing<\/a><\/strong> <strong> the Proton, a Malaysian economy <\/strong><strong>vehicle in 2025.<\/strong> At an EGP 650k price tag it doesn\u2019t exactly fit the Ezz El Arab portfolio which in addition to Mercedes, Jeep, and Volvo includes Ferrari, Maybach, and Aston Martin but it gives the company scale. ESI also manufactures for third parties like the Chinese <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/10\/14\/chinas-jinbei-draws-closer-to-local-assembly-lines\/\" style=\"\">Jinbei trucks<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What's next:<\/strong> The first made-in-Egypt Rox will include localized tweaks \u2014 heavier-duty air-conditioning, chassis tuning for local roads, and Arabic voice control adapted to the Egyptian dialect. Distribution will stay with Nour El Din El Sherif. The venture will be chasing a small but growing segment of new-energy vehicles on the Egyptian market, which Ezz El Arab calls a tsunami. <\/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 bigger picture<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> The move aligns with the government\u2019s <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/17\/industry-ministry-pushes-for-100k-vehicles-a-year-and-60-local-content-in-an-auto-industry-reboot\/\" style=\"\">Automotive Industry Development Program<\/a>, which targets 100k vehicles annually with 60% local content. <\/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\/automotive\/\">automotive<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-big-story-today\/\">THE BIG STORY TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"710447\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper 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           More Cypriot gas                        <\/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\/15\/pegasus-and-glaucus-join-cypriot-gas-fields-pumping-our-way\/\" 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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data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"318.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/318.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/318.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-710448\" class=\"content-area-description single-story post-710448 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-apache tag-capricorn-energy tag-cheiron tag-dana-gas tag-energy tag-eni tag-enterpriseam tag-exxonmobil tag-oil-and-gas tag-qatarenergy 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>Egypt <\/strong><strong>agreed<\/strong><strong> with QatarEnergy and ExxonMobil to receive and re-export gas from Cyprus\u2019s Pegasus and Glaucus fields<\/strong> through Egyptian pipeline networks, processing plants, and liquefaction facilities at Idku and Damietta. The framework would see Egypt collect transit and processing fees, the <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/power\/136465\/%D9%85%D8%B5%D8%B1-%D8%A8%D9%88%D8%A7%D8%A8%D8%A9-%D9%84%D8%AA%D8%B5%D8%AF%D9%8A%D8%B1-%D8%A7%D9%84%D8%BA%D8%A7%D8%B2-%D8%A7%D9%84%D9%82%D8%A8%D8%B1%D8%B5%D9%8A-%D8%A5%D9%84%D9%89-%D8%A7%D9%84%D8%A3%D8%B3%D9%88%D8%A7%D9%82-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A9\/\" style=\"\">Arabic press<\/a> reports, citing an unnamed government official. The arrangement follows an MoU signed in <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/21\/leoni-lines-up-eur-80-mn-for-new-electric-cables-and-wiring-facility\/\" style=\"\">late May<\/a> to explore how to link Cypriot gas discoveries to the country\u2019s energy infrastructure.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The two fields \u2014 part of a block operated by <\/strong><strong>ExxonMobil <\/strong><strong>(60%)<\/strong><strong> and QatarEnergy (40%)<\/strong><strong> \u2014 are targeting production of 1 bcf\/d by 2030<\/strong>, with recoverable reserves estimated at 7 tcf. Gas will first travel via subsea pipelines to Egypt, then be processed at facilities that could include Zohr or Burullus, liquefied at Idku and Damietta, and finally re-exported to global markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egyptian infrastructure prevailed over two alternative options, <\/strong>including dedicated production\/liquefaction facilities inside Cyprus and floating production units near the concession area. The fields\u2019 proximity to Egyptian territorial waters gave the country a competitive edge, as did ExxonMobil\u2019s existing concession blocks in Egypt. Egypt\u2019s gas network can handle c. 9 bcf\/d, with surplus processing capacity on the Mediterranean coast exceeding 2 bcf\/d and combined LNG export capacity at Idku and Damietta reaching c. 1.9 bcf\/d, according to the official.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> Egypt remains home to the Eastern Mediterranean\u2019s only large-scale LNG export facilities through the Idku and Damietta liquefaction plants, with a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/logistics\/issues\/adib-extends-usd-235-mn-to-al-seer-marine-bgn-to-finance-vlgcs\/\" style=\"\">combined nameplate capacity<\/a> of roughly 16.7 bcm per year, PM Mostafa Madbouly said on Saturday (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=ooOzz7E56lA\" style=\"\">watch, runtime: 2:25<\/a>). To replicate a single liquefaction plant like Idku would take competitors five to seven years and more than USD 10 bn, Madbouly added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- Pegasus and Glaucus would become the third Cypriot gas development routed through Egyptian infrastructure. <\/strong>Egypt and Cyprus signed <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/10\/22\/another-step-toward-bringing-in-cypriot-gas-for-liquidation-re-export\/\" style=\"\">agreements<\/a> in October to move gas from the Eni-operated Cronos field (3.1 tcf estimated reserves) to Egyptian processing and liquefaction facilities, with initial deliveries expected in 2027 at c. 500 mmcf\/d. Two months ago, Egyptian Natural Gas Holding Company signed a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/14\/egypt-to-buy-all-gas-from-cyprus-aphrodite-field-under-new-pipeline-agreements\/\" style=\"\">15-year gas sales agreement<\/a> to purchase the entirety of Cyprus\u2019s 3.7 tcf Aphrodite field output, underpinned by a USD 2 bn+ subsea pipeline. Total Cypriot gas inflows heading our way are expected to reach c. 1.3 bcf\/d by end-2028 from <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/logistics\/2025\/07\/30\/egypt-secures-lng-supply-through-2026-plans-to-boost-domestic-production-for-exports\/\" style=\"\">Cronos and Aphrodite<\/a> gas fields.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>Watch out for a gas sales agreement and host government agreement that lock in the fee structure and pipeline routing. Egypt is targeting a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/14\/govt-wants-to-boost-gas-production-to-6-6-bn-cf-d-by-2027\/\" style=\"\">return to gas exports<\/a> by 2027, backed by expectations that domestic production will rise to 6.6 bcf\/d \u2014 Pegasus and Glaucus add volume behind that target, though they are slated to arrive later, in 2030.<\/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\">Upping our own LNG<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government is aiming to add 120 mmcf\/d of natural gas before the end of June by connecting nine new wells<\/strong> across the Mediterranean, Nile Delta, and Western Desert at a cost of c. USD 100 mn, the <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/power\/136466\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D8%A5%D8%B6%D8%A7%D9%81%D8%A9-120-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D9%82%D8%AF%D9%85-%D9%85%D9%83%D8%B9%D8%A8%D8%A9-%D8%BA%D8%A7%D8%B2-%D9%8A%D9%88%D9%85%D9%8A%D8%A7-%D8%A8%D9%86%D9%87%D8%A7%D9%8A%D8%A9-%D9%8A%D9%88%D9%86%D9%8A%D9%88\/\" style=\"\">Arabic press<\/a> reports, citing an unnamed government official. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown: <\/strong>Apache leads with 45 mmcf\/d from three new wells at the Jumanah field in the Western Desert; Eni adds 40 mmcf\/d from the deepwater Nidoco-2 well in the Mediterranean; and Cheiron Petroleum brings 20 mmcf\/d online from Badr-15 in its Western Desert concession. Dana Gas, Capricorn Energy, and HBS will add 15 mmcf\/d from three new onshore wells within their respective concession areas.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong>Although not a huge volume, this new output helps offset the country\u2019s natural depletion rate of roughly 100 mmcf\/d per month, keeping production from slipping further below the 4 bcf\/d mark.<\/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\/apache\/\">Apache<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capricorn-energy\/\">Capricorn Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cheiron\/\">Cheiron<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dana-gas\/\">Dana Gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/energy\/\">energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eni\/\">Eni<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/exxonmobil\/\">ExxonMobil<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/oil-and-gas\/\">oil and gas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qatarenergy\/\">QatarEnergy<\/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=\"710450\" 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=\"710450\">\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\">Trade<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/15\/china-extends-egypts-local-currency-swap-line-for-three-more-years\/\">\r\n                            Plumbing or strategy?                        <\/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\/15\/china-extends-egypts-local-currency-swap-line-for-three-more-years\/\" 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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USD 4.43 bn) from CNY 18 bn. <\/strong>The sheer scale of the increase poses a sharper question to Cairo than the renewal itself: is this simply trade plumbing with a partner we run a large and widening trade deficit with, or is Cairo being drawn into Beijing\u2019s drive to internationalize the CNY and loosen the USD\u2019s grip on emerging markets?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The expansion \u2014 renewable on expiry \u2014 is coinciding with deepening commercial ties. <\/strong>As of November 2025, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/09\/china-outbound-3-0\/\" style=\"\">2.8k Chinese companies have been active in Egypt<\/a>, with over USD 8 bn invested. Egyptian exports to China grew 41.9% in 2025 to roughly USD 819 mn, up from USD 577 mn, driven by non-oil goods, Khaled Milad, head of Egypt\u2019s Commercial Office in Beijing, said <a target=\"_blank\" href=\"https:\/\/exporttoday.net\/?p=58691\" style=\"\">last month<\/a>. Imports from China rose 18.8% last year to USD 19.97 bn from USD 16.8 bn, widening China\u2019s trade surplus with Egypt 18% to USD 19.151 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The scale of the increase points to a structural shift<\/strong><strong>, rather than<\/strong><strong> a mere housekeeping renewal<\/strong>, Ahmed Shawky, banking analyst and member of the Egyptian Society for Political Economy, Statistics, and Legislation, tells EnterpriseAM. \u201cRaising the ceiling by this magnitude reflects the significant development in economic and financial relations between Egypt and China over recent years,\u201d he says. Since the original 2016 agreement, trade and investment have expanded, Egypt has joined Brics, and the search for alternatives to a volatile USD system has hardened \u2014 so both sides want the facility to do more, he adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>By the numbers: <\/strong>Outstanding drawdowns across the People\u2019s Bank of China\u2019s swap lines hit CNY 111.6 bn (USD 16.4 bn) at end-March 2026, the highest since March 2024, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-05-12\/central-banks-tap-most-yuan-swap-lines-with-pboc-in-two-years?utm_source=chatgpt.com\" style=\"\">Bloomberg<\/a> reported last month. The quarterly jump of roughly CNY 17.4 bn was the largest since 2023. By end-2025, China had signed swap agreements with 32 countries and regions, with total authorized facilities of CNY 4.52 tn (roughly USD 667 bn) \u2014 a measure of how far the CNY-internationalization push now reaches.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The expansion answers a real commercial need while advancing Beijing\u2019s currency strategy<\/strong>, Shawky says. \u201cOn one hand, there are genuine needs stemming from the expansion of Chinese trade and investment in Egypt. On the other hand, the move fits within a long-standing Chinese strategy aimed at strengthening the CNY's role and reducing dependence on the USD.\u201d Egypt matters to China in both Africa and the Middle East, which gives the agreement weight on both sides, he adds.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The facility is a balance-sheet buffer, giving Cairo an FX source beyond bond issuance and external borrowing<\/strong>, EFG Hermes Head of Macroeconomic Analysis Mohamed Abou Basha tells us. \u201cInstead of relying entirely on bond issuances or external borrowing, this mechanism offers an alternative source of foreign-currency liquidity, helping diversify the state\u2019s available financing tools.\u201d China\u2019s operational footprint has also created onshore demand for the EGP: Egypt has begun <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/17\/our-maiden-panda-bond-issuance-hits-the-chinese-market\/\" style=\"\">issuing CNY-denominated bonds backed by Chinese<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/17\/our-maiden-panda-bond-issuance-hits-the-chinese-market\/\" style=\"\">guarantees<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/17\/our-maiden-panda-bond-issuance-hits-the-chinese-market\/\" style=\"\"><\/a>, and Chinese firms operating locally need our currency to cover wages, inputs and obligations, Abou Basha says.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But it is not a USD substitute. <\/strong>The greenback stays dominant, so the swap line is complementary, Shawky says. Like most swap lines, it functions largely as a precautionary liquidity backstop, with utilization rising only as CNY trade financing becomes a corporate norm. \u201cWe should not exaggerate its effect,\u201d he notes. It would also ease commercial USD demand, enabling direct CNY settlement while supporting exchange-rate stability and preserving reserves, banking analyst Mohamed Abdel Moneim tells us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who benefits most? <\/strong>Heavy industries that import machinery and inputs from China, plus large infrastructure, energy, and renewables projects run by Chinese contractors, Shawky says. Firms inside the Suez Canal Economic Zone and Egyptian companies dealing directly with Chinese suppliers stand to gain the most operationally. Businesses reliant on Chinese intermediate goods would pick up a pricing edge, Abdel Moneim adds. Secretary-General of the Egypt-China Chamber of Commerce Diaa Helmy sees scope to extend the mechanism to tourism over time, having previously proposed allowing Chinese visitors to pay in CNY or EGP.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Core limitation: the deficit. <\/strong>The structural catch is Egypt\u2019s lopsided trade gap with Beijing. Because Egypt imports far more than it exports, the facility\u2019s near-term use will concentrate on financing Chinese imports. \u201cThe agreement itself does not address the trade deficit. It may simply make import transactions easier and more flexible,\u201d Shawky says. To turn the line into a net gain, Egypt would have to push exports to China, attract export-oriented Chinese investment, and raise the value-added content of what it makes, he adds \u2014 without that, the upside stays monetary, not structural.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egyptian exports are getting a boost from the zero-tariff initiative<\/strong>, as Beijing fully implements its non-reciprocal \u201czero-tariff\u201d initiative for all 53 African nations with which it maintains diplomatic relations, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/offloading-water-and-social-housing-to-the-private-sector\/\" style=\"\">effective 1 May 2026<\/a>. The exemptions include the complete removal of customs duties on agricultural and food products as well as construction materials, enhancing the competitiveness of Egyptian exports in the Chinese market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The bottom line:<\/strong> The bigger swap line gives Egypt real flexibility on external liquidity and financing. Its ultimate macroeconomic impact, however, will depend on whether the corporate sector translates this liquidity into higher industrial production and exports rather than simply facilitating imports.<\/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\/brics\/\">BRICS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/central-bank-of-egypt\/\">Central Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/foreign-exchange\/\">foreign exchange<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"710452 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=\"710452\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/15\/710452\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-710452\" class=\"content-area-description single-story post-710452 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=\"710453\" 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=\"710453\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/15\/hassan-allam-launches-b2c-east-cairo-community\/\">\r\n                            Hassan Allam launches B2C East Cairo community                        <\/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\/15\/hassan-allam-launches-b2c-east-cairo-community\/\" 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\/15\/hassan-allam-launches-b2c-east-cairo-community\/')\">\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\/15\/hassan-allam-launches-b2c-east-cairo-community\/\">\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=Hassan Allam launches B2C East Cairo community&url=https:\/\/enterpriseam.com\/egypt\/2026\/06\/15\/hassan-allam-launches-b2c-east-cairo-community\/\">\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\/15\/hassan-allam-launches-b2c-east-cairo-community\/&title=Hassan Allam launches B2C East Cairo community\">\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=Hassan+Allam+launches+B2C+East+Cairo+community+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F06%2F15%2Fhassan-allam-launches-b2c-east-cairo-community%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\/15\/hassan-allam-launches-b2c-east-cairo-community\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/887.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"710454\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/15\/hassan-allam-launches-b2c-east-cairo-community\/887-jpg-24\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/887.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"887.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/887.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/887.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-710453\" class=\"content-area-description single-story post-710453 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-beltone-asset-management tag-ebrd tag-enterpriseam tag-hassan-allam-holding tag-pharma tag-real-estate tag-spe-capital tag-telda 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 friends at Hassan Allam <\/strong><strong>Holding are pushing<\/strong><strong> into the B2C real estate market<\/strong>, launching Phase 1 of their first mixed-use, single-family community in East Cairo through its real estate arm Grova Developments, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/6\/829.pdf\" style=\"\">statement<\/a>. Construction is already underway, backed by a USD 550 mn turnkey contract awarded to Hassan Allam Construction <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/10\/19\/national-bank-of-egypt-opens-its-first-saudi-branch\/\" style=\"\">back in October 2025<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> Hassan Allam is leveraging its 90 years of infrastructure experience to directly enter the consumer real estate market. <\/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 mutual fund in your pocket<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our friends at Beltone Asset Management <\/strong><strong>partnered with fintech<\/strong><strong> platform Telda to allow<\/strong><strong> users to buy into Beltone\u2019s investment products and mutual funds directly through the app<\/strong> \u2014 with redeemed proceeds paid straight to the Telda card, Beltone said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/6\/830.pdf\" style=\"\">statement<\/a>. The arrangement carries zero subscription or commission fees, except for the precious metals funds. Telda users can open an investment account using their national ID, with no branch visit or paperwork.<\/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\">SPE Capital back for pharma<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Africa-focused private equity firm SPE <\/strong><strong>Capital led a<\/strong><strong> consortium to acquire a<\/strong><strong> stake in local ophthalmic drug maker Orchidia Pharma Industries.<\/strong> The move was backed by a USD 20 mn equity ticket from the European Bank for Reconstruction and Development alongside co-investors Proparco and the Belgian Investment Company for Developing Countries, according to a <a target=\"_blank\" href=\"https:\/\/www.ebrd.com\/home\/work-with-us\/projects\/psd\/56811.html\" style=\"\">project profile<\/a> from the lender. The fresh capital will help the company expand its product offering and boost its export footprint across the Middle East and Africa.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> This is SPE Capital\u2019s <a target=\"_blank\" href=\"https:\/\/orchidiapharma.com\/en\/investors\" style=\"\">second investment<\/a> in Orchidia, having previously backed the company from 2013 to 2017 through another managed vehicle.<\/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\/beltone-asset-management\/\">Beltone Asset Management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ebrd\/\">EBRD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/hassan-allam-holding\/\">Hassan Allam Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pharma\/\">pharma<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/spe-capital\/\">SPE Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/telda\/\">Telda<\/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=\"710455\" 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=\"710455\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/\">\r\n                            What Halo cost in June                        <\/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\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n          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rotation&url=https:\/\/enterpriseam.com\/egypt\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/\">\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\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/&title=Adobe\u2019s 9% Friday collapse confirms the Halo rotation\">\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=Adobe%E2%80%99s+9%25+Friday+collapse+confirms+the+Halo+rotation+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F06%2F15%2Fadobes-9-friday-collapse-confirms-the-halo-rotation%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\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/832.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"710456\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/15\/adobes-9-friday-collapse-confirms-the-halo-rotation\/832-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/832.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"832.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/832.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/832.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-710455\" class=\"content-area-description single-story post-710455 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam tag-financial-markets tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Adobe shares collapsed 9% to USD 198 on Friday, June 12 \u2014 <\/strong><strong><a target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/markets\/stocks\/articles\/adobe-tumbles-9-cfo-exit-133749415.html\" style=\"\">down 37% YTD and 47% over the past<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/markets\/stocks\/articles\/adobe-tumbles-9-cfo-exit-133749415.html\" style=\"\">twelve months<\/a><\/strong><strong> \u2014 <\/strong><strong>despite posting a record USD 6.62 bn in quarterly revenue. <\/strong>Multiple analyst downgrades followed the announcement that CFO Dan Durn would depart today, citing the leadership shuffle and a strategic shift toward \u2018freemium\u2019 offerings that Wall Street read as defensive.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s happening at Adobe isn\u2019t an outlier. <\/strong>The market is repricing every asset where AI replacement is a credible thesis \u2014 and doing so even when revenue is at record levels, AI products are growing fast, and management is executing moves the analyst community spent two years asking for.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A month ago, we argued that the global equity market was splitting along AI-disruption lines<\/strong>, with the <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/19\/how-the-halo-trade-is-positioning-to-buy-what-ai-cant-replace\/\" style=\"\">smart money rotating into heavy-asset, low-obsolescence (Halo) companies<\/a> and away from the software, payments, and consumer platforms most vulnerable to AI replacement. Friday\u2019s session was Halo arriving in real time. For GCC sovereign capital, the implications are immediate and quantifiable. The PIF 1Q 13F filing \u2014 which <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/uae\/2026\/05\/18\/pif-and-berkshire-are-now-telling-the-same-story-about-us-equities\/\" style=\"\">showed the fund had cut its US-listed book to four positions<\/a> \u2014 looks increasingly like the smartest single capital allocation decision in the GCC complex this year.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Visa, Mastercard, and Amazon, the three names PIF exited ahead of Berkshire\u2019s 1Q sale, were all priced as durable compounders six months ago. <\/strong>They are now priced as AI-disruption candidates. Mubadala, Adia, ADQ, and QIA still carry meaningful exposure across the software and payments cohort that Friday repriced. Every position in that cohort just took a real hit.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Halo thesis argued that the rotation favored heavy assets \u2014 utilities, freight, energy, industrials \u2014 that AI cannot quickly replace.<\/strong> The May 19 NextEra-Dominion merger validated the heavy-asset side of the trade at the corporate-action level, while Friday\u2019s Adobe selloff validates the disruptable side at the equity-market level. Both sides of the Halo split are now operating in real time, and the gap is widening every week.<\/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\">51,995<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.3% (YTD: +24.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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 51.19<\/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 51.05<\/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 51.02<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">Sell 51.12<\/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\">11,104<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.6% (YTD: +5.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">9,805<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.7% (YTD: -1.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">5,954<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+3.8% (YTD: -1.5%)<\/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>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\">7,431<\/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\">+0.5% (YTD: +8.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">10,472<\/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\">+1.6% (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>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\">6,188<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+2.2% (YTD: +6.8%)<\/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>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 87.3<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">-3.4%<\/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>Natural gas <\/strong>(Nymex)<\/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 3.12<\/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>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 4,239<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+3.0%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">USD 65,202<\/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: -25.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>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\">1,059<\/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: +6.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>S&amp;P 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\">152.01<\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">+0.3% (YTD: +0.1%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\"><strong>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td colspan=\"1\" rowspan=\"1\" style=\"border-right-style:solid;padding:5pt 5pt 5pt 5pt;border-bottom-border-top-width:1pt;border-right-width:1pt;border-left-border-right-border-left-width:1pt;border-top-style:solid;border-left-style:solid;border-bottom-width:1pt;width:139.2pt;border-top-border-bottom-style:solid\">\n<p style=\"padding:0;margin:0;line-height:1.15;text-align:left\">17.68<\/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\">-9.1% (YTD: +18.3%)<\/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 2.3% at <\/strong><strong>yesterday\u2019s<\/strong><strong> close<\/strong> on turnover of EGP 10.3 bn (21.7% above the 90-day average). Regional investors were the sole net sellers. The index is up 24.3% YTD.<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green:<\/strong> Palm Hills Developments (+8.3%), Emaar Misr (+7.1%), and Orascom Development (+5.2%).<\/p><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red:<\/strong> Abu Qir Fertilizers (-4.9%), Kima (-3.1%), and AMOC (-0.6%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull vertical-section wide-section blackboard wp-block-group issue-section\" id=\"710457\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27466.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into education in Egypt, from K-12 to post-secondary.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27480.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Monday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/blackboard\/\">\r\n                            Read Blackboard                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">7<\/div>\r\n\r\n                        <p class=\"f-graphik\">BLACKBOARD<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/grade-11-students-are-learning-how-to-trade-on-simulators\/\">\r\n                            Demo accounts at the EGX<\/a>\r\n                        <\/h3>\r\n                        \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/grade-11-students-are-learning-how-to-trade-on-simulators\/\" 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 Madbouly government\u2019s choice to make the announcement at EGX headquarters rather than the Education Ministry sent a clear sign that this push doubles as a play to develop capital markets involvement from younger generations \u2014 even if the live-trading part is years away.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Simulation, not live trading \u2014 for now.<\/strong> \u201cStudents will not actually trade on the EGX while still in school,\u201d assistant to the Financial Regulatory Authority (FRA) chairman Mohamed Abdel Aziz tells EnterpriseAM, clarifying how the program will work in practice. The setup has four guardrails: <\/p>\n<ul>\n<li><strong>Demo trading only:<\/strong> Students will use simulation apps to apply what they have learned in theory and won't enter the market at this stage. Simulation tools are already available and widely used, according to the official, who added that the FRA's role will be to identify the most suitable models for student training;<\/li>\n<li><strong>Top performers only:<\/strong> The simulation program will not be available to all students, but only to those who demonstrate competence and strong performance in the theoretical material being added to the curriculum;<\/li>\n<li><strong>Funded portfolios come later:<\/strong> Students won't be exposed to any risk during training. The funded portfolios will only become available for real trading after <a target=\"_blank\" href=\"https:\/\/fra.gov.eg\/fra_news\/%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d8%b3%d9%85%d8%ad-%d9%84%d9%84%d8%b4%d8%a8%d8%a7%d8%a8-%d8%ad%d8%a7%d9%85%d9%84%d9%8a-%d8%a8%d8%b7%d8%a7\/\" style=\"\">reaching the ag<\/a><a target=\"_blank\" href=\"https:\/\/fra.gov.eg\/fra_news\/%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d8%b3%d9%85%d8%ad-%d9%84%d9%84%d8%b4%d8%a8%d8%a7%d8%a8-%d8%ad%d8%a7%d9%85%d9%84%d9%8a-%d8%a8%d8%b7%d8%a7\/\" style=\"\">e<\/a><a target=\"_blank\" href=\"https:\/\/fra.gov.eg\/fra_news\/%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d8%b3%d9%85%d8%ad-%d9%84%d9%84%d8%b4%d8%a8%d8%a7%d8%a8-%d8%ad%d8%a7%d9%85%d9%84%d9%8a-%d8%a8%d8%b7%d8%a7\/\" style=\"\">of 15<\/a> and graduating high school, when they can trade on the EGX under special conditions \u2014 including a portfolio cap of EGP 40,000 and a restriction to buying and selling only, with no margin trading or securities borrowing; <\/li>\n<li><strong>Roles are split:<\/strong> The FRA designed the core theoretical curriculum, while the Education Ministry will teach it to students. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government is rolling out a model built around practice and real-world participation. <\/strong>\u201cFinancial literacy will be taught as an interactive activity on the programming and AI platform \u2014 not as a pass-fail subject in the traditional sense,\u201d Education Minister Mohamed Abdel Latif said during the press event. Successful students will be officially registered on the EGX, he said, with the EGP 500 portfolio opened in each student's name for activation after graduation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A structural shift:<\/strong> The Education Ministry is moving \u201cfrom teaching students about the economy to letting them learn inside the economy itself,\u201d Abdel Latif added. Understanding how value is created cannot come from memorization alone, but through \u201cdecision making, risk taking, and a sense of responsibility,\u201d he said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>From a financial services standpoint, this program comes as a response to a demographic shift in our capital markets \u2014 one accelerated by the rise of fintech. <\/strong><a target=\"_blank\" href=\"https:\/\/www.facebook.com\/fra.egypt\/posts\/pfbid02b4QMcDPzAqBpGahHikZ96QzQf9Z54gDgMNfBjggpDQjJLXuTSbEzZ7pxWg5zUXVGl\" style=\"\">Figures from FRA<\/a> chairman Islam Azzam point to a clear surge in youth participation: investors aged 18-40 have recently risen to around 79% of EGX investors, while young investors account for roughly 80% of those interested in newer products such as gold funds. This level of appetite makes investor education more necessary, helping younger market participants make more informed decisions and reduce potential risks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The aim is not just to bring more people into the market, but to \u201cprepare an informed investor who makes decisions based on knowledge<\/strong>,\u201d EGX chairman Omar Radwan said at the event. The number of new investors on the EGX climbed 215% in 1Q 2026 compared with the same period a year earlier \u2014 with the exchange attracting around 160k new investors in the quarter, Radwan noted. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>With backing from Japan:<\/strong> The ceremony saw Abdel Latif sign an MoU with Hiroshima University President Mitsuo Ochi and Japanese edtech firm Sprix Education Foundation chairman Hiroyuki Tsuneshi. The MoU will introduce the Test of Fundamental Academic Skills for financial literacy (TOFAS) \u2014 an international assessment framework to measure outcomes. Under the framework: <\/p>\n<ul>\n<li><strong>The Education Ministry<\/strong> <strong>will implement TOFAS<\/strong> within the national education system and provide the required coordination and institutional support;<\/li>\n<li><strong>Sprix will provide the digital platforms and assessment tools,<\/strong> as well as training programs for teachers and school principals on how to use the system;<\/li>\n<li><strong>Hiroshima University, as the academic partner, will review the scientific foundations of the test and ensure its quality and alignment with standards. <\/strong>The university will also issue accredited certificates to students under the ministry\u2019s supervision.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Plugging into broader economic policy:<\/strong> \u201cEmbedding financial literacy into the school system should help accelerate Egypt Vision 2030 targets,\u201d Planning Minister Ahmed Rostom said. Egypt has already made strides on human development and financial inclusion, approaching 80%. He also pointed to the expansion of financial inclusion services in coordination with the CBE, with some 2.6 mn new bank accounts, prepaid cards, and e-wallets in villages covered by the first phase of the Hayah Karima initiative \u2014 helping lift Egypt's financial inclusion rate by 21 percentage points to 76% of the population aged 15 and above. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An expansion beyond high school:<\/strong> The FRA is working with the Education Ministry to bring students into the financial sector through the I Invest initiative, Abdel Aziz <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/fra.egypt\/posts\/pfbid02A1UNDA3SyyZF9DKATM135oQWsKZQYxtrQDnzo6o7UbxtLrPHKtJgt27fPx4oQ4Nql\" style=\"\">said<\/a> during a meeting between the FRA chair and the Higher Education Minister in late April. The initiative introduces financial skills gradually based on age group and education level, relying on financial balances provided by supporting entities so students can practice simulated trading \u2014 while temporarily barring them from using the funds. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The cost of poor financial literacy:<\/strong> Differences in financial literacy account for 30-40% of wealth gaps between individuals, Abdel Aziz added. The FRA has been working with various government bodies to spread financial literacy, through a 2022- protocol with the Higher Education Ministry that has seen 12k university students participate and 66 certified financial awareness trainers graduate. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/blackboard\/\">Blackboard<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/education\/\">Education<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"710459\" 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\/15\/710459\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-710459\" class=\"content-area-description single-story post-710459 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;\">JUNE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 June (Tuesday-Thursday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/annual.arabfertilizer.org\/\" style=\"\">AFA International Annual Fertilizer Conference & Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Nile Ritz-Carlton, Cairo.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-25 June (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.big5constructegypt.com\/landing-page\/big-5-construct-egypt-2026\/?utm_source=cpc-internal&utm_medium=google&utm_campaign=S-Big5Egypt-Visprom-2026-EN&gad_source=1&gad_campaignid=23795721284&gbraid=0AAAAApC54yA79iq967dswU4I-3SBFqsS_&gclid=Cj0KCQjwio_RBhDMARIsAJPveNMi4D5qDZopCgNfPWn-2RuF_0ayGGa9Q1bn2-UrsvDlxIkJDPmDcegaAhCKEALw_wcB\" style=\"\">The Big 5 Construct Egypt<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibition Center, Cairo.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-25 June (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/watrexexpo.com.eg\/\" style=\"\">Watrex Expo<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibition Center, Cairo.<\/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>19 August (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/connected-banking.com\/summit\/north-africa\/\" style=\"\">Connected Banking Summit<\/a><\/span><span style=\"font-weight:400;\">, Fairmont Nile City Hotel <\/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>8-10 September (Tuesday-Thursday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egypt-air-show.com\/\" style=\"\">El Alamein International Airshow<\/a><\/span><span style=\"font-weight:400;\">, El Alamein International Airport <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">10-12 September (Thursday-Saturday): Egyptian Entrepreneurship Sector Diagnostics Report Summit, El Gouna.<\/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>10-11 October (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/whs-egypt.net\/\" style=\"\">Egypt Women's Health Summit (EWHS)<\/a><\/span><span style=\"font-weight:400;\">, Cairo Marriott Hotel<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-28 October (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.eventbrite.com\/e\/iex-egypt-tickets-1701070320119\" style=\"\">IEX Egypt<\/a><\/span><span style=\"font-weight:400;\">, Egypt International Exhibition Center, Cairo.<\/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>7-10 December (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/foodafrica-expo.com\/\" style=\"\">Food Africa<\/a><\/span><span>, Egypt International Exhibition Center, Cairo.<\/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:400;\">4Q 2026: Banque du Caire IPO<\/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>16-18 January (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.agriexpo-eg.com\/\" style=\"\">Agri Expo<\/a><\/span><span style=\"font-weight:400;\">, Cairo International Convention Center.<\/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   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