{"id":712107,"date":"2026-06-21T00:00:00","date_gmt":"2026-06-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=712107"},"modified":"2026-06-21T03:00:01","modified_gmt":"2026-06-21T03:00:01","slug":"fresh-eu-funds-inbound","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/","title":{"rendered":"Fresh EU funds inbound"},"content":{"rendered":"<section id=\"712109\" 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=\"712109\">\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\/21\/the-government-is-keeping-its-stake-in-alexandria-containers\/\">\r\n                            Transport Ministry rules out selling its stake in ALCN                        <\/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\/21\/the-government-is-keeping-its-stake-in-alexandria-containers\/\" 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\/21\/the-government-is-keeping-its-stake-in-alexandria-containers\/')\">\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\/21\/the-government-is-keeping-its-stake-in-alexandria-containers\/\">\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=The government is keeping its stake in Alexandria Containers&url=https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/the-government-is-keeping-its-stake-in-alexandria-containers\/\">\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\/21\/the-government-is-keeping-its-stake-in-alexandria-containers\/&title=The government is keeping its stake in Alexandria Containers\">\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=The+government+is+keeping+its+stake+in+Alexandria+Containers+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F06%2F21%2Fthe-government-is-keeping-its-stake-in-alexandria-containers%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\/21\/the-government-is-keeping-its-stake-in-alexandria-containers\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/303.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"712110\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/the-government-is-keeping-its-stake-in-alexandria-containers\/303-jpg-27\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/303.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"303.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/303.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/303.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-712109\" class=\"content-area-description single-story post-712109 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today-10 tag-ad-ports tag-diary tag-domty tag-egp tag-egx tag-enterpriseam tag-foreign-exchange tag-inflation tag-logistics tag-ma tag-maritime tag-privatization-watch 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;text-align: left\"><strong>Good morning, wonderful people and welcome back from the extended weekend.<\/strong> We\u2019re kicking off the week with a packed issue, leading with the massive EUR 1.5 bn tranche from the European Union heading our way this month.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Also from the EU<\/strong>, the European Investment Bank is evaluating financial backing for Alcazar\u2019s Ras Ghareb and Scatec\u2019s Dandara renewable energy projects. Also, France\u2019s Alstom is leading a consortium that inked a EUR 690 mn package to build and upgrade two of our strategic rail corridors: 6th of October\u2013Alexandria and the Belbes\u201310th of Ramadan corridors.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>MEANWHILE-<\/strong> The Oil Ministry is targeting a USD 1 bn-plus exploration push this year, eyeing 14 new Mediterranean wells to help reverse the domestic production slump.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>***<\/strong><\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong><a href=\"https:\/\/omny.fm\/shows\/enterpriseam-egypt\" target=\"_blank\" rel=\"noopener\">ARE YOU MORE OF A LISTENER?<\/a><\/strong><a href=\"https:\/\/omny.fm\/shows\/enterpriseam-egypt\" target=\"_blank\" rel=\"noopener\">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 href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/enterpriseam-egypt\/id1617987136\" target=\"_blank\" rel=\"noopener\">Apple<\/a><\/strong><strong>, <\/strong><strong><a href=\"https:\/\/open.spotify.com\/show\/1hzX6KVJGkuj4udK2DvD5Y\" target=\"_blank\" rel=\"noopener\">Spotify<\/a><\/strong><strong>, or wherever they get their podcasts.<\/strong><\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>***<\/strong><\/p>\n<p class=\"tag-border-left\">Transport Ministry won\u2019t sell its ALCN stake<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt1\"><\/a> <strong>The Transport Ministry confirmed it has <\/strong><strong>\u201cno intention\u201d to offload stakes held by its affiliates in Alexandria Container and Cargo Handling (ALCN)<\/strong>, according to a <a href=\"https:\/\/www.facebook.com\/MinistryTransportation\/posts\/pfbid0Vvi7jYoLNqcTspSiahoWgUDXSGiw4DhAsi78ato6i1MSmhkJWG1x3PN1oR6e4Eqfl\" target=\"_blank\" rel=\"noopener\">statement<\/a>. The decision comes after AD ports \u2014 owned by Abu Dhabi wealth fund ADQ \u2014 attempted to take control of the EGX-listed port operator through a mandatory tender offer of up to 90% of the company last week.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>We called it: <\/strong>A senior government official told EnterpriseAM <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/15\/transport-ministry-to-reject-ad-ports-sweetened-mto-for-alex-containers\/\" target=\"_blank\" rel=\"noopener\">exclusively last week<\/a> that the Transport Ministry was set to reject AD Ports\u2019 MTO, despite the sweetened deal. The Emirati port operator, bidding through subsidiary Black Caspian Logistics, offered EGP 27.47 per share, up 19.5% from an initial EGP 22.99 per share offer submitted in <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/18\/whats-really-happening-with-that-mto-for-alexandria-containers\/\" target=\"_blank\" rel=\"noopener\">December<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>REMEMBER- <\/strong>AD Ports Group secured a stake in ALCN <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/23\/adq-secures-indirect-majority-control-of-alexandria-container-cargo-handling-company\/\" target=\"_blank\" rel=\"noopener\">in November<\/a> when it acquired the PIF-owned Saudi Egyptian Investment Company\u2019s 19.3% stake. This gave ADQ a combined 51.33% majority stake in ALCN, following its acquisition of a 32% indirect ownership through Alpha Oryx <a 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\/\" target=\"_blank\" rel=\"noopener\">in 2022<\/a>. The government still controls a combined 42.9% blocking stake via the Holding Company for Maritime and Land Transport and the Alexandria Port Authority, while the rest of the shares are freefloating.<\/p>\n<p class=\"tag-border-left\">A role for Egypt in IMEC?<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt2\"><\/a> <strong>Egypt\u2019s energy infrastructure may find itself at the center of Washington\u2019s plans for the India-Middle East-Europe Econo<\/strong><strong>mic Corridor (IMEC).<\/strong> A <a href=\"https:\/\/ent.news\/2026\/6\/1081.pdf\" target=\"_blank\" rel=\"noopener\">bipartisan bill (pdf)<\/a> approved by the US Senate Foreign Relations Committee last week identified the planned Greece-Egypt electricity interconnection (Gregy) and Egypt\u2019s LNG facilities as key links connecting India, the Gulf, and Europe.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>What\u2019s in the bill:<\/strong> The Eastern Mediterranean Gateway Act casts Egypt, Greece, Cyprus, and Israel as a strategic gateway within IMEC and identifies projects \u2014 including Gregy and regional LNG terminals \u2014 as infrastructure that could underpin the corridor. The proposed bill frames IMEC as a strategic alternative to Chinese-backed infrastructure initiatives and seeks to institutionalize US support for greater connectivity across the region.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Why it matters: <\/strong>The bill raises the strategic profile of Gregy and Egypt\u2019s LNG infrastructure by positioning them within Washington\u2019s vision for IMEC \u2014 offering political backing, but not funding. It still requires approval from the full Senate and House before becoming law.<\/p>\n<p class=\"tag-border-left\">A full-cream ticker<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>EGX-listed Arabian Food Industries (Domty) expects its new spin-off dairy unit, Dairy Products Euro Arabian for Food Industries, <\/strong><strong>to list <\/strong><strong>on the EGX in July<\/strong>, the <a href=\"https:\/\/asharqbusiness.com\/companies\/136909\/%D8%AF%D9%88%D9%85%D8%AA%D9%8A-%D8%AA%D8%AA%D9%88%D9%82%D8%B9-%D8%A5%D8%AF%D8%B1%D8%A7%D8%AC-%D8%A7%D9%84%D8%A3%D9%84%D8%A8%D8%A7%D9%86-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%A8%D8%A7%D9%84%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D9%87%D8%B0%D8%A7-%D8%A7%D9%84%D8%B4%D9%87%D8%B1-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84\/\" target=\"_blank\" rel=\"noopener\">Arabic press<\/a> reports, citing CEO Mohamed El Damaty. The company had <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/09\/16\/domty-has-plans-to-set-up-shop-in-saudi-arabia\/\" target=\"_blank\" rel=\"noopener\">originally targeted<\/a> a 1Q 2026 listing.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Domty\u2019s board approved a <\/strong><strong>split in<\/strong> <strong><a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/10\/official-opening-of-saxony-egypt-university-sees-raft-of-mous-inked-with-german-partners-plus-kk-group-eetc-ades-holding-bank-nxt-domty-intro-group-advec\/\" target=\"_blank\" rel=\"noopener\">October 2025<\/a><\/strong>, with shareholders signing off <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/04\/another-grim-year-ahead-for-the-usd\/\" target=\"_blank\" rel=\"noopener\">in December<\/a>. The restructuring leaves the new dairy unit with an issued and paid-up capital of EGP 438 mn, while the legacy Domty parent retains EGP 113 mn to focus exclusively on bakeries. No new shares are being sold, with existing shareholders retaining identical ownership ratios and share counts in both entities \u2014 making the spun-off unit more of a sister company to Domty rather than a subsidiary.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>IN CONTEXT- <\/strong>Domty is targeting USD 30 mn in export revenue this year, a 36% jump from USD 22 mn in 2025 \u2014 and 1H 2026 is already up 20% to USD 13 mn. El Damaty dismissed concerns that regional tensions would impact operations, noting the company is still eyeing a manufacturing <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/09\/16\/domty-has-plans-to-set-up-shop-in-saudi-arabia\/\" target=\"_blank\" rel=\"noopener\">facility in Saudi Arabia<\/a> to anchor its GCC and African expansion. This comes as Danish dairy giant Arla Foods\u2019 EGP 8.9 bn <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/14\/arla-puts-domty-acquisition-bid-on-ice-pending-demerger-clarity-plus-nas-investment-holding-egyfert-eni-cheiron-energy-post-for-investment-neric-g3a\/\" target=\"_blank\" rel=\"noopener\">mandatory tender offer<\/a> for Domty remains on ice, having been paused in April due to the complexities of conducting due diligence during the bakery unit spin-off.<\/p>\n<p class=\"tag-border-left\">State Ownership Policy 2.0<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><a id=\"wwtt3\"><\/a> <strong>The government has finalized the <\/strong><strong><a href=\"https:\/\/ent.news\/2026\/6\/1082.pdf\" target=\"_blank\" rel=\"noopener\">second iteration (pdf)<\/a><\/strong><strong> of its State Ownership Policy (SOP)<\/strong>, updating the 2022 framework by scrapping rigid sector-level exit quotas in favor of a pragmatic, company-by-company portfolio approach. While the overarching policy is now public, Prime Minister Mostafa Madbouly confirmed that the crucial missing piece \u2014 a detailed executive program dictating the actual mechanics of these exits \u2014 will be finalized before 30 September, according to the <a 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%D9%81%D8%B9%D8%A7%D9%84%D9%8A%D8%A7%D8%AA\/%D8%A5%D8%B7%D9%84%D8%A7%D9%82-%D8%A7%D9%84%D8%A5%D8%B5%D8%AF%D8%A7%D8%B1-%D8%A7%D9%84%D8%AB%D8%A7%D9%86%D9%8A-%D9%85%D9%86-%D9%88%D8%AB%D9%8A%D9%82%D8%A9-%D8%B3%D9%8A%D8%A7%D8%B3%D8%A9-%D9%85%D9%84%D9%83%D9%8A%D8%A9-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A9\/\" target=\"_blank\" rel=\"noopener\">State Information Service<\/a>. The first SOP has generated <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/12\/exclusive-egypt-is-looking-to-raise-usd-10-3-bn-from-state-asset-sales-by-the-end-of-fy-26-27\/\" target=\"_blank\" rel=\"noopener\">USD 5.9 bn<\/a> in direct proceeds across 19 transactions.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The document groups divestment targets into three tiers<\/strong> \u2014 airports, banks, telecoms, and tourism as urgent priorities; fertilizers, petrochemicals, sugar, energy, transport and distribution, and real estate in the medium term; and mining, cement, pharma, and transport over the longer term. State ownership will become \u201cselective,\u201d limited to cases with sovereign, strategic, or social justification, with the Sovereign Fund of Egypt taking on a more central role in managing eligible assets.<\/p>\n<p class=\"tag-border-left\">EGP WATCH<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Newly tapped Trump appointee Kevin Warsh <\/strong><strong><a href=\"https:\/\/www.cnbc.com\/2026\/06\/17\/fed-meeting-today-live-updates.html\" target=\"_blank\" rel=\"noopener\">held interest rates steady<\/a><\/strong><strong> at his first Federal Open Market Committee (FOMC)<\/strong><strong> meeting on W<\/strong><strong>ednesday<\/strong> \u2014 the same day the <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/17\/usd-falls-below-egp-50-for-the-first-time-since-march\/\" target=\"_blank\" rel=\"noopener\">USD slipped below the EGP 50 mark<\/a> for the first time since March. However, Warsh also delivered a hawkish pivot that could reverse the EGP\u2019s gains today or tomorrow.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The breakdown: <\/strong>While the Fed kept the benchmark rate steady at 3.50% to 3.75%, the updated \u201cdot plot\u201d revealed a sharp U-turn. In contrast to the previous dot plot, which leaned toward cuts or extended holds, the new version has nine out of 19 policymakers forecasting at least one rate hike this year instead of a cut, according to the <a href=\"https:\/\/ent.news\/2026\/6\/1080.pdf\" target=\"_blank\" rel=\"noopener\">Federal Reserve\u2019s press conference transcript (pdf)<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Why this threatens the EGP: <\/strong>The EGP\u2019s rally was fueled by hot money chasing yields, not structural economic shifts. A government source previously told us the appreciation was driven primarily by exceptionally strong secondary market inflows, with foreign portfolio investments rising by USD 1.1 bn, before easing the next day as investors locked in gains. Washington\u2019s \u201chigher for longer\u201d stance is already triggering a global capital restructuring. If the US locks in higher interest rates, it threatens to drain the hot money that drove the EGP\u2019s rally right back out of emerging markets and back into safer US assets.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Warsh is also getting rid of \"forward guidance\u201d <\/strong>\u2014 the central banking equivalent of a turn signal, which broadcasts future interest rate moves so global markets can price them in without panicking. Without this safety net, a single hot US economic indicator could trigger an abrupt repricing of rate expectations \u2014 prompting hot money to preemptively flee vulnerable markets like ours before the Fed has even met.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Don\u2019t <\/strong><strong>overread <\/strong><strong>daily moves: <\/strong>\u201cIn a flexible exchange-rate regime, it is perfectly normal for the currency to move according to supply and demand. Movements of 4-5% are not unusual under current conditions,\u201d veteran banker and former Banque Misr deputy chairperson Sahar El-Damaty tells EnterpriseAM. She notes that markets are still sensitive to short-term FX fluctuations as the current geopolitical backdrop remains too volatile to call a lasting trend in either direction.<\/p>\n<p class=\"tag-border-left\">Happening today<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Single-stock futures on the shares of Commercial International Bank (CIB) and Talaat Mostafa Group (TMG) will start trading on the EGX in a few<\/strong><strong> hours.<\/strong> Contracts on two of the bourse\u2019s most liquid names will come in three- and six-month maturities, with a standard size of 100 shares.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>REFRESHER-<\/strong> The rollout follows a <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/17\/why-the-egx30-futures-market-hasnt-taken-off-yet\/\" target=\"_blank\" rel=\"noopener\">lukewarm reception<\/a> for EGX30 index futures, the exchange\u2019s first-ever derivatives product. Stock futures were originally scheduled to hit the market <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/09\/egx-rolls-out-single-stock-futures-on-blue-chips-cib-and-tmg\/\" target=\"_blank\" rel=\"noopener\">last Thursday<\/a>, but the launch was <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/10\/government-mulls-handing-sfe-control-over-entire-state-owned-portfolios\/\" target=\"_blank\" rel=\"noopener\">pushed back<\/a> in observance of the Islamic New Year.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>This new product may have an easier time finding an audience. <\/strong>\u201cWhen you place a derivative contract on stocks that people already like and see value in, it supports the chances of success,\u201d Hany Genena, head of research at Al Ahly Pharos, previously told EnterpriseAM, adding that local investors have long shown a preference for individual stocks over index exposure.<\/p>\n<p class=\"tag-border-left\">PSA-<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>WEATHER- <\/strong>It\u2019s another sunny day in Cairo, with a high of 33\u00b0C and a low of 22\u00b0C, according to our favorite weather app.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>It\u2019s not as hot in Alexandria<\/strong>, which is looking at a high of 29\u00b0C and a low of 22\u00b0C.<\/p>\n<p class=\"tag-border-left\">The big story abroad<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>US-Iran ta<\/strong><strong>lks for a permanent ceasefire are set to <\/strong><strong><a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/trump-envoy-iranian-minister-head-switzerland-talks-2026-06-20\/\" target=\"_blank\" rel=\"noopener\">kick off<\/a><\/strong><strong> in Switzerland today<\/strong>, with high-level officials from Pakistan also attending. Washington and Tehran are set to negotiate a nuclear agreement \u2014 including the Islamic Republic\u2019s stock of enriched material \u2014 alongside a permanent resolution to their nearly four-month conflict.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Talks are kicking off after Iran said it shut the Strait of Hormuz<\/strong>, <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/trump-envoy-iranian-minister-head-switzerland-talks-2026-06-20\/\" target=\"_blank\" rel=\"noopener\">citing what it called<\/a> Israeli \u201ccrimes\u201d in Lebanon and Washington\u2019s violation of commitments to establish a truce. Tel Aviv\u2019s strikes in Lebanon <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/least-five-killed-israeli-strikes-south-lebanon-despite-ceasefire-2026-06-20\/\" target=\"_blank\" rel=\"noopener\">killed at least 20<\/a> yesterday. This came hours after a day of busy transit through the waterway \u2014 the US Central Command <a href=\"https:\/\/www.centcom.mil\/MEDIA\/PUBLIC-RELEASES\/Article\/4522490\/commercial-vessels-flow-through-open-strait-of-hormuz\/\" target=\"_blank\" rel=\"noopener\">said<\/a> that 55 merchant ships moved vital cargo and over 17 mn barrels of oil through Hormuz yesterday and that US forces remain committed to keeping the shipping lane open. The strait had officially opened on Thursday, hours after the US and Iranian presidents digitally signed a 14-point MoU to end the war.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Is Starmer stepping down? <\/strong>UK Prime Minister Keir Starmer could resign as soon as tomorrow amid a recent and drastic loss of popular support, a government source tells <a href=\"https:\/\/www.telegraph.co.uk\/politics\/2026\/06\/20\/starmer-ready-to-step-down-allies-say\/\" target=\"_blank\" rel=\"noopener\">The Telegraph<\/a>. Pressure has mounted especially after Starmer\u2019s chief rival from his own party, Andy Burnham, secured a parliamentary seat that clears his path to launch a formal leadership challenge.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Is the world turning against AI players? <\/strong><a href=\"https:\/\/www.wsj.com\/tech\/ai\/the-markets-ai-fanfare-is-running-into-a-harsh-political-reality-b919829b?mod=hp_lead_pos11\" target=\"_blank\" rel=\"noopener\">The Wall Street Journal<\/a> is out with a piece on the far-from-rosy outlook of the US\u2019 highly anticipated IPO lineup of its major AI players. It seems that although investors are eager to throw money at AI, the political and societal backlash is moving fast enough to potentially derail these massive public market debuts.<\/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\/diary\/\">Diary<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/domty\/\">Domty<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egp\/\">EGP<\/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                            <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\/inflation\/\">inflation<\/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\/privatization-watch\/\">privatization watch<\/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> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"712111 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=\"712111\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/712111\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-712111\" class=\"content-area-description single-story post-712111 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:\/\/londonmeetsoma.com\/\" 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=\"712112\" 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=\"712112\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/egypt-to-receive-fresh-eur-1-5-bn-from-eu-this-month\/\">\r\n                            A EUR 1.5 bn shot in the arm                        <\/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\/21\/egypt-to-receive-fresh-eur-1-5-bn-from-eu-this-month\/\" 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\/21\/egypt-to-receive-fresh-eur-1-5-bn-from-eu-this-month\/')\">\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\/21\/egypt-to-receive-fresh-eur-1-5-bn-from-eu-this-month\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt to receive fresh EUR 1.5 bn from EU this month&url=https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/egypt-to-receive-fresh-eur-1-5-bn-from-eu-this-month\/\">\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\/21\/egypt-to-receive-fresh-eur-1-5-bn-from-eu-this-month\/&title=Egypt to receive fresh EUR 1.5 bn from EU this month\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+to+receive+fresh+EUR+1.5+bn+from+EU+this+month+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F06%2F21%2Fegypt-to-receive-fresh-eur-1-5-bn-from-eu-this-month%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\/21\/egypt-to-receive-fresh-eur-1-5-bn-from-eu-this-month\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/1091.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"712113\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/egypt-to-receive-fresh-eur-1-5-bn-from-eu-this-month\/1091-jpg-20\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/1091.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1091.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/1091.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/1091.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-712112\" class=\"content-area-description single-story post-712112 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-development-finance tag-economy tag-enterpriseam tag-eu 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;text-align: left\"><strong>The government will receive EUR 1.5 bn from the European Union this month to support its economic reform agenda<\/strong>, European Commission President Ursula von der Leyen <a href=\"https:\/\/x.com\/vonderleyen\/status\/2066833715523682680?s=20\" target=\"_blank\" rel=\"noopener\">said on X<\/a> following talks with President Abdel Fattah El Sisi during the G7 summit in France. \u201cEgypt is a central and stable partner for Europe in a region in turmoil,\u201d von der Leyen said.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>IN CONTEXT-<\/strong> The disbursement follows <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/18\/we-received-eur-1-bn-from-the-eu-over-the-weekend-2\/\" target=\"_blank\" rel=\"noopener\">two previous EUR 1 bn tranches<\/a> received in January 2025 and January 2026, bringing the total disbursed macro-financial assistance to EUR 3.5 bn out of the EUR 5 bn pledged under the EUR 7.4 bn EU-Egypt Strategic and Comprehensive Partnership signed in <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/03\/18\/eu-pledges-eur-7-4-bn-aid-package-for-egypt\/\" target=\"_blank\" rel=\"noopener\">March 2024<\/a>. The partnership includes EUR 1.8 bn in investment agreements and EUR 600 mn in grants.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>ALSO-<\/strong> The European Investment Bank (EIB) just signed a <a href=\"https:\/\/www.eib.org\/en\/press\/all\/2026-207-eib-global-backs-vaccine-manufacturing-in-egypt-with-technical-assistance-for-vacsera-project\" target=\"_blank\" rel=\"noopener\">EUR 750k<\/a> technical assistance agreement with Vacsera to pave the way for a EUR 50 mn multi-product vaccine facility.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>REMEMBER-<\/strong> <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/16\/egypt-secures-eur-690-mn-in-eu-financing-for-grid-upgrade\/\" target=\"_blank\" rel=\"noopener\">Last week<\/a>, the government secured a EUR 690 mn package from the EU and the EIB to upgrade the electricity transmission network and integrate 22 GW of renewable energy capacity into the grid by 2030.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Regional issues were also on the agenda:<\/strong> Von der Leyen said she and El Sisi discussed diplomatic efforts in the Middle East, including the agreement between the US and Iran.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/development-finance\/\">development finance<\/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\/eu\/\">EU<\/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=\"712114\" 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 stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240922.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27489.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Opening up a world of opportunity<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-0c4gz30\" data-v=\"4\" data-block-id=\"0c4gz30\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-0c4gz30-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-0c4gz30-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240923.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/efghldg.com\/en\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27488.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Realize More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-i1acsda\" data-v=\"4\" data-block-id=\"i1acsda\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-i1acsda-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-i1acsda-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240924.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.sodic.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27487.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Live More<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-7t1t6si\" data-v=\"4\" data-block-id=\"7t1t6si\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-7t1t6si-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-7t1t6si-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240925.png?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/weareinfinity.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-131qk24\" data-v=\"4\" data-block-id=\"131qk24\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-131qk24-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-131qk24-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.qalaaholdings.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/110691.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Driving growth<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-right\" class=\"svg-inline--fa fa-chevron-right\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M285.476 272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"712115\" 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=\"712115\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/eib-considers-backing-alcazars-ras-ghareb-scatecs-dandara-projects\/\">\r\n                            Greenbacks for green megawatts                        <\/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\/21\/eib-considers-backing-alcazars-ras-ghareb-scatecs-dandara-projects\/\" 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\/21\/eib-considers-backing-alcazars-ras-ghareb-scatecs-dandara-projects\/')\">\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\/21\/eib-considers-backing-alcazars-ras-ghareb-scatecs-dandara-projects\/\">\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=EIB considers backing Alcazar\u2019s Ras Ghareb, Scatec\u2019s Dandara projects&url=https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/eib-considers-backing-alcazars-ras-ghareb-scatecs-dandara-projects\/\">\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\/21\/eib-considers-backing-alcazars-ras-ghareb-scatecs-dandara-projects\/&title=EIB considers backing Alcazar\u2019s Ras Ghareb, Scatec\u2019s Dandara projects\">\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=EIB+considers+backing+Alcazar%E2%80%99s+Ras+Ghareb%2C+Scatec%E2%80%99s+Dandara+projects+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F06%2F21%2Feib-considers-backing-alcazars-ras-ghareb-scatecs-dandara-projects%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\/21\/eib-considers-backing-alcazars-ras-ghareb-scatecs-dandara-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1178.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"712116\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/eib-considers-backing-alcazars-ras-ghareb-scatecs-dandara-projects\/1178-jpg-17\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1178.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1178.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1178.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1178.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-712115\" class=\"content-area-description single-story post-712115 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-alcazar tag-energy tag-enterpriseam tag-renewables tag-scatec tag-the-european-investment-bank 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;text-align: left\"><strong>The European Investment Bank (EIB) is currently weighing financing for two major renewable energy projects in the country<\/strong> that will add a combined 1.6 GW of clean power to the national grid, according to project disclosures published by the bank.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Project #1:<\/strong> Dubai-based Alcazar Energy is building two adjacent 250 MW onshore wind farms \u2014 NIAT and Rasgha \u2014 near Ras Ghareb on the Red Sea. The total development price tag is USD 572 mn and Alcazar <a href=\"https:\/\/www.eib.org\/en\/projects\/all\/20260016\" target=\"_blank\" rel=\"noopener\">asked the EIB<\/a> for a USD 152 mn loan to help cover the costs. The developer is currently hunting for the rest of the debt from other multilateral lenders, with the European Bank for Reconstruction and Development (EBRD) also evaluating <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/02\/tmg-secures-land-for-usd-10-bn-iraqi-project\/\" target=\"_blank\" rel=\"noopener\">a USD 200 mn loan<\/a> for the complex.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Project #2: <\/strong>EIB is <a href=\"https:\/\/www.eib.org\/en\/projects\/all\/20250695#pipeline\" target=\"_blank\" rel=\"noopener\">appraising<\/a> a project from Norwegian renewables giant Scatec, which is building a 1.1 GW solar plant, called Dandara, alongside a massive battery storage system in Qena. Instead of linking Dandara\u2019s output to the national grid, Scatec will sell it to the state-owned aluminum giant EgyptAlum to help the energy-heavy manufacturer lower its carbon footprint and avoid the EU\u2019s incoming carbon border tax. The first 500 MW phase of Dandara will cost USD 315 mn. While the EIB has not disclosed how much it plans to lend the project, the EBRD is evaluating <a href=\"https:\/\/www.ebrd.com\/home\/work-with-us\/projects\/psd\/55956.html\" target=\"_blank\" rel=\"noopener\">a USD 80 mn<\/a> loan for this initial phase.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>But don\u2019t confuse this with Scatec\u2019s other <\/strong><strong><a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/nbe-buys-20-of-scatecs-usd-600-mn-obelisk-solar-project\/\" target=\"_blank\" rel=\"noopener\">Qena project, Obelisk<\/a><\/strong>, which sells power directly to the government and already has its first phase up and running.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Why it matters: <\/strong>EIB\u2019s interest in these two projects suggests that multilateral financial institutions continue to see a compelling commercial prospect in large-scale renewable energy projects in Egypt. They also reflect the broadening of the country\u2019s green energy market beyond traditional utility-backed projects, with developers increasingly targeting both utility-scale power generation and direct power supply agreements with industrial consumers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/alcazar\/\">Alcazar<\/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\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/scatec\/\">Scatec<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/the-european-investment-bank\/\">The European Investment Bank<\/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=\"712117\" 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=\"712117\">\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\">Energy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/the-oil-ministry-is-eying-14-mediterranean-exploration-wells-in-usd-1-bn-drilling-push-this-year\/\">\r\n                            Deepwater pockets                        <\/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\/21\/the-oil-ministry-is-eying-14-mediterranean-exploration-wells-in-usd-1-bn-drilling-push-this-year\/\" 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\/21\/the-oil-ministry-is-eying-14-mediterranean-exploration-wells-in-usd-1-bn-drilling-push-this-year\/')\">\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\/21\/the-oil-ministry-is-eying-14-mediterranean-exploration-wells-in-usd-1-bn-drilling-push-this-year\/\">\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=The Oil Ministry is eying 14 Mediterranean exploration wells in USD 1 bn+ drilling push this year&url=https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/the-oil-ministry-is-eying-14-mediterranean-exploration-wells-in-usd-1-bn-drilling-push-this-year\/\">\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\/21\/the-oil-ministry-is-eying-14-mediterranean-exploration-wells-in-usd-1-bn-drilling-push-this-year\/&title=The Oil Ministry is eying 14 Mediterranean exploration wells in USD 1 bn+ drilling push this year\">\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=The+Oil+Ministry+is+eying+14+Mediterranean+exploration+wells+in+USD+1+bn%2B+drilling+push+this+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F06%2F21%2Fthe-oil-ministry-is-eying-14-mediterranean-exploration-wells-in-usd-1-bn-drilling-push-this-year%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\/21\/the-oil-ministry-is-eying-14-mediterranean-exploration-wells-in-usd-1-bn-drilling-push-this-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2095.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"712118\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/the-oil-ministry-is-eying-14-mediterranean-exploration-wells-in-usd-1-bn-drilling-push-this-year\/2095-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2095.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2095.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2095.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2095.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-712117\" class=\"content-area-description single-story post-712117 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-arcius tag-bp tag-energy tag-eni tag-enterpriseam tag-exxonmobil tag-oil-and-gas tag-shell wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The Oil Ministry is targeting its largest Mediterranean exploration drilling program yet in 2026, including 14 new wells and more than USD 1 bn in expected investment<\/strong>, according to a government document seen by EnterpriseAM. The Med push is part of a wider 2026 exploration program targeting a total 101 wells across the country\u2019s oil and gas blocks, with a total expected investment of USD 1.3 bn \u2014 spanning 67 wells in the Western Desert, nine in the Gulf of Suez, six in the Delta, and five in the Eastern Desert.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Med prize:<\/strong> If the Mediterranean discoveries are successful, most are expected to enter production within two to three years, potentially lifting Med gas output to around 2 bcf \/ d from 1.5 bcf \/ d. That could cut Egypt\u2019s import bill by around USD 500 mn a month.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s drilling where?<\/strong> Shell is expected to drill four wells with USD 312 mn in investment across Merneith, Philox, and West Mina. Eni is targeting four wells with USD 184 mn earmarked for Denise W-2, Nidoco North, Southwest Nour-1, and Zohr. BP is planning three wells with USD 218 mn in investment, while Arcius is targeting one well with USD 160 mn \u2014 the document lists their activity across Fayoum and Cairo blocks. ExxonMobil and Chevron are each planning one well, with planned investments of USD 120 mn and USD 114 mn respectively, in Nargis and Cairo blocks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why now:<\/strong> The Oil Ministry fully cleared its USD 6.1 bn arrear backlog to international oil companies <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/11\/govt-fully-clears-usd-6-1-bn-in-arrears-to-intl-oil-companies\/\" style=\"\">earlier this month<\/a> and has also been <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/03\/25\/egypt-targets-1-bcf-d-natural-gas-boost-by-years-end-with-investment-model-shakeup\/\" style=\"\">offering better terms<\/a> to reverse the decline in domestic gas output, including updated pricing and production incentives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE<\/strong><strong>- <\/strong>The Egyptian National Petroleum for Exploration and Development Company (Enpedco) is investing USD 12 mn to explore for oil and gas in western Fayoum, the <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/power\/136472\/%D8%A5%D9%86%D8%A8%D9%8A%D8%AF%D9%83%D9%88-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B6%D8%AE-12-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%84%D9%84%D8%AA%D9%86%D9%82%D9%8A%D8%A8-%D8%B9%D9%86-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%88%D8%A7%D9%84%D8%BA%D8%A7%D8%B2\/\" style=\"\">Arabic press<\/a> reports, citing an unnamed government official. The company plans to drill five exploratory wells across the 3k sq km concession, which it recently secured from the Egyptian General Petroleum Corporation (EGPC) under an extendable three-and-a-half-year agreement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> The updated strategy expands last <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/10\/15\/oil-ministry-unveils-usd-5-7-bn-plan-to-drill-hundreds-of-exploration-wells\/\" style=\"\">year\u2019s USD 5.7 bn roadmap<\/a> from 480 to 580 wells through 2030, heavily prioritizing the Mediterranean to reverse an <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/23\/egypts-gas-production-hits-eight-year-low-at-4-87-bcf-d\/\" style=\"\">eight-year domestic production low<\/a> recorded in 2024, which has forced the government to lean harder on LNG and pipeline imports to cover demand. The new wells could help restore export capacity in the long-term, but the timeline matters \u2014 even successful discoveries would only start contributing meaningfully after development work, keeping import pressure high in the near term.<\/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\/arcius\/\">Arcius<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/bp\/\">BP<\/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\/shell\/\">Shell<\/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=\"712119\" 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=\"712119\">\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\">A MESSAGE FROM AUC ONSI SAWIRIS SCHOOL OF BUSINESS EXECUTIVE EDUCATION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/gen-z-teams-shorter-cycles-and-the-new-management-test\/\">\r\n                            Gen Z teams, shorter cycles, and the new management test                        <\/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\/21\/gen-z-teams-shorter-cycles-and-the-new-management-test\/\" 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\/21\/gen-z-teams-shorter-cycles-and-the-new-management-test\/')\">\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\/21\/gen-z-teams-shorter-cycles-and-the-new-management-test\/\">\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=Gen Z teams, shorter cycles, and the new management test&url=https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/gen-z-teams-shorter-cycles-and-the-new-management-test\/\">\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\/21\/gen-z-teams-shorter-cycles-and-the-new-management-test\/&title=Gen Z teams, shorter cycles, and the new management test\">\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=Gen+Z+teams%2C+shorter+cycles%2C+and+the+new+management+test+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F06%2F21%2Fgen-z-teams-shorter-cycles-and-the-new-management-test%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\/21\/gen-z-teams-shorter-cycles-and-the-new-management-test\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/1076.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"712120\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/gen-z-teams-shorter-cycles-and-the-new-management-test\/1076-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/1076.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1076.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/1076.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/1076.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-712119\" class=\"content-area-description single-story post-712119 post type-post status-publish format-standard has-post-thumbnail hentry category-a-message-from-auc-onsi-sawiris-school-of-business-executive-education tag-a-message-from-auc-onsi-sawiris-school-of-business-executive-education tag-auc tag-enterpriseam 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;text-align: left\"><strong>Managers are no longer leading against a stable backdrop.<\/strong> Hybrid work, multi-generational teams, and shorter planning cycles are changing how companies communicate, motivate teams, and make decisions under pressure.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The pressure shows up in practical ways.<\/strong> A manager may inherit a team where most members are under 30 and expect a completely different feedback and communication style. An executive may need to stress-test a strategy against multiple economic scenarios without having worked with a structured planning framework. The operational knowledge is there, but the tools are not.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>That is creating demand for executive programs built around immediate operational challenges.<\/strong> AUC Onsi Sawiris School of Business Executive Education\u2019s new <a href=\"https:\/\/business.aucegypt.edu\/execed\/workshop-series\/management\" target=\"_blank\" rel=\"noopener\">Management Workshop Series<\/a> is designed for middle and senior managers who need structured, applicable knowledge quickly.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The series focuses on applied outcomes rather than theoretical exposure.<\/strong> One workshop addresses managing and retaining Gen Z employees through coaching-based leadership models, performance management frameworks, and communication strategies designed for multi-generational teams. Participants leave with a 90-day leadership action plan tailored to their organizations.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The second workshop focuses on scenario planning and strategic decision-making during volatility.<\/strong> Participants learn how to build and test multiple future scenarios, identify operational risks, and develop early-warning indicators tied to changing market conditions. The workshop culminates in a scenario-based project applied to a real organizational challenge.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/a-message-from-auc-onsi-sawiris-school-of-business-executive-education\/\">A MESSAGE FROM AUC ONSI SAWIRIS SCHOOL OF BUSINESS EXECUTIVE EDUCATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/auc\/\">AUC<\/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=\"712121\" 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=\"712121\">\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\">Logistics<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/alstom-consortium-inks-eur-690-mn-rail-upgrade-package\/\">\r\n                            Full steam ahead                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/alstom-consortium-inks-eur-690-mn-rail-upgrade-package\/\" 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\/21\/alstom-consortium-inks-eur-690-mn-rail-upgrade-package\/')\">\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\/21\/alstom-consortium-inks-eur-690-mn-rail-upgrade-package\/\">\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=Alstom consortium inks EUR 690 mn rail upgrade package&url=https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/alstom-consortium-inks-eur-690-mn-rail-upgrade-package\/\">\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\/21\/alstom-consortium-inks-eur-690-mn-rail-upgrade-package\/&title=Alstom consortium inks EUR 690 mn rail upgrade package\">\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=Alstom+consortium+inks+EUR+690+mn+rail+upgrade+package+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F06%2F21%2Falstom-consortium-inks-eur-690-mn-rail-upgrade-package%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\/21\/alstom-consortium-inks-eur-690-mn-rail-upgrade-package\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/1089.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"712122\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/alstom-consortium-inks-eur-690-mn-rail-upgrade-package\/1089-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/1089.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1089.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/1089.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/1089.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-712121\" class=\"content-area-description single-story post-712121 post type-post status-publish format-standard has-post-thumbnail hentry category-logistics tag-alstom tag-enterpriseam tag-infrastructure tag-logistics tag-transport-ministry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Egyptian National Railways signed four contracts worth EUR 690 mn (c. EGP 39.5 bn) with an Alstom-led consortium to modernize two of our<\/strong><strong> most critical freight and logistics rail corridors<\/strong>, according to statements from the <a href=\"https:\/\/www.facebook.com\/share\/p\/1C65T3NiMc\/\" target=\"_blank\" rel=\"noopener\">Transport Ministry<\/a> and <a href=\"https:\/\/www.alstom.com\/press-releases-news\/2026\/6\/alstom-led-consortium-signed-eur690-million-contracts-modernise-egypts-strategic-rail-corridors\" target=\"_blank\" rel=\"noopener\">Alstom<\/a>. The consortium, which includes local players Rowad Modern Engineering and Concrete Plus, will tackle the 6th of October-Alexandria corridor and the Belbes-10th of Ramadan line, securing around EUR 300 mn of the package for Alstom.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The breakdown:<\/strong> The 6th of October-Alexandria corridor comes in at EUR 550 mn of the package, including around EUR 240 mn earmarked for Alstom. Meanwhile, the Belbes-10th of Ramadan line is valued at EUR 140 mn, with Alstom taking EUR 60 mn. The upgrades include digital rail systems, ETCS Level 1 signaling, power infrastructure, and civil works, which Alstom says will cut full-route travel time on the 6th of October-Alexandria corridor by nearly 80 minutes. The contracts are expected to include around 50% local components.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The final price tag<\/strong><strong>:<\/strong> The EUR 690 mn package closes the books on a financing trajectory we have tracked for months. The 6th of October-Alexandria bypass was originally anchored by a USD 400 mn (c. EUR 390.6 mn) World Bank facility approved <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/world-bank-approves-usd-400-mn-in-funding-for-freight-rail-network\/\" target=\"_blank\" rel=\"noopener\">in 2022<\/a>, but by <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/03\/cairo-alexandria-freight-railway-awarded-to-egyptian-french-consortium\/\" target=\"_blank\" rel=\"noopener\">December 2025<\/a>, the price tag had swelled to EUR 540 mn to absorb rising execution costs. Meanwhile, the 10th of Ramadan line was initially awarded <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/remittances-surge-to-usd-3-6-bn-in-november\/\" target=\"_blank\" rel=\"noopener\">in January<\/a> for EUR 215 mn. The final signatures correct that earlier market intelligence.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Why it matters:<\/strong> Both lines are core pillars of the Transport Ministry\u2019s expanded master plan to build eight integrated logistics corridors \u2014 an upgrade from previous plans for seven corridors. The upgraded Alexandria route will anchor at the new Bashteel station, weaving through the Sadat and 6th of October dry ports before terminating at the Alexandria Port, while the Belbes line will lay down 63 km of new track as part of the larger Sokhna-Alexandria logistic corridor. The goal is to shift freight from roads to rails and boost national rail freight capacity from 8 mn tons to 13 mn tons annually by 2030.<\/p>\n<p class=\"tag-border-left\">Train delays, again<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Trial operations for the first line of Egypt\u2019s high-speed electric rail network have been rescheduled to September or October<\/strong>, pushed back from the previous June timeline, <a href=\"https:\/\/almalnews.com\/2119124\/%D8%A7%D9%84%D9%86%D9%82%D9%84-%D8%A8%D8%AF%D8%A1-%D8%A7%D9%84%D8%AA%D8%B4%D8%BA%D9%8A%D9%84-%D8%A7%D9%84%D8%AA%D8%AC%D8%B1%D9%8A%D8%A8%D9%8A-%D9%84%D9%84%D8%AE%D8%B7-%D8%A7%D9%84%D8%A3%D9%88%D9%84-%D9%85%D9%86\/\" target=\"_blank\" rel=\"noopener\">Al Mal<\/a> reports, citing Deputy Minister of Transport for Railway Transport Affairs Wagdy El Shahat. The trial runs will last for six months and cover the Ain Sokhna-Sixth of October segment of the mega-project.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>IN CONTEXT- <\/strong>This is the latest in a <a href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/a-breakdown-of-egypts-plan-to-overhaul-its-ailing-railway-system\/\" target=\"_blank\" rel=\"noopener\">string of delayed timelines<\/a> for the flagship transit project. The government had initially <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/from-sokhna-to-alexandria-in-a-jiffy\/\" target=\"_blank\" rel=\"noopener\">targeted 2023<\/a> to launch the trial phase, before pushing it to the <a href=\"https:\/\/enterpriseam.com\/egypt\/issues\/looking-back-on-the-year-that-has-passed\/#657920\" target=\"_blank\" rel=\"noopener\">end of 2024<\/a> \/ <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/04\/28\/italian-energy-giant-eni-slows-down-egypt-operations-plus-more-incoming-lng-shipments-foreign-funding-for-high-speed-rail-hassan-allam-siemens-land-gcc-railway-project-new-nobu-project\/\" target=\"_blank\" rel=\"noopener\">early 2025<\/a>, then pushing it again to <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/10\/20\/siemens-to-set-up-high-speed-train-car-factory\/\" target=\"_blank\" rel=\"noopener\">November 2025<\/a>. In December, the government moved the deadline to June and gave the project an <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/23\/an-egp-2-bn-high-speed-rail-push-supply-chain-links-with-oman-and-sczones-pre-built-factory-program\/\" target=\"_blank\" rel=\"noopener\">EGP 2 bn financing push<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Why it matters:<\/strong>Revamping the national transport network to connect commercial hubs with seaports is projected to generate a substantial EGP 2.65 in economic returns for every EGP spent, El Shahat argues. However, chronic delays risk ballooning capital costs and eroding that potential return on investment.<\/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\/alstom\/\">Alstom<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/infrastructure\/\">infrastructure<\/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\/transport-ministry\/\">Transport Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"712123\" 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=\"712123\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/former-deputy-pm-ziad-bahaa-eldin-joins-adsero-to-head-new-regulatory-practice\/\">\r\n                            Former Deputy PM Ziad Bahaa-Eldin joins Adsero to head new regulatory practice                        <\/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\/21\/former-deputy-pm-ziad-bahaa-eldin-joins-adsero-to-head-new-regulatory-practice\/\" 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\/21\/former-deputy-pm-ziad-bahaa-eldin-joins-adsero-to-head-new-regulatory-practice\/')\">\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\/21\/former-deputy-pm-ziad-bahaa-eldin-joins-adsero-to-head-new-regulatory-practice\/\">\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=Former Deputy PM Ziad Bahaa-Eldin joins Adsero to head new regulatory practice&url=https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/former-deputy-pm-ziad-bahaa-eldin-joins-adsero-to-head-new-regulatory-practice\/\">\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\/21\/former-deputy-pm-ziad-bahaa-eldin-joins-adsero-to-head-new-regulatory-practice\/&title=Former Deputy PM Ziad Bahaa-Eldin joins Adsero to head new regulatory practice\">\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=Former+Deputy+PM+Ziad+Bahaa-Eldin+joins+Adsero+to+head+new+regulatory+practice+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F06%2F21%2Fformer-deputy-pm-ziad-bahaa-eldin-joins-adsero-to-head-new-regulatory-practice%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\/21\/former-deputy-pm-ziad-bahaa-eldin-joins-adsero-to-head-new-regulatory-practice\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/1174.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"712124\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/former-deputy-pm-ziad-bahaa-eldin-joins-adsero-to-head-new-regulatory-practice\/1174-jpg-13\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/1174.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1174.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/1174.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/9\/1174.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-712123\" class=\"content-area-description single-story post-712123 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-capital-markets tag-enterpriseam tag-financial-regulatory-authority tag-law tag-legal tag-moves tag-un 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>F<\/strong><strong>ormer Deputy Prime Minister and Minister of International Cooperation <\/strong><strong>Ziad Bahaa-Eldin<\/strong><strong> (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ziad-bahaa-eldin-9b058a157?utm_source=share_via&utm_content=profile&utm_medium=member_ios\" style=\"\">Linkedin<\/a><\/strong><strong>) is jo<\/strong><strong>ining <\/strong><strong><a target=\"_blank\" href=\"https:\/\/adsero.me\/\" style=\"\">Adsero - Ragy Soliman & Partners<\/a><\/strong> as senior partner and head of its newly minted Financial Regulatory and Capital Markets department, the law firm said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/6\/1077.pdf\" style=\"\">press release (pdf)<\/a>. Bahaa-Eldin brings significant regulatory experience to the role, having written the playbook for the state\u2019s economic legislation during his tenures as the executive chairman of both the Financial Regulatory Authority and the General Authority for Investment and Freezones, alongside board stints at the Central Bank of Egypt and the National Bank of Egypt. He assumes the role on 1 July.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And he\u2019s bringing backup:<\/strong> Bahaa-Eldin will be joined by new partner Mohamed El Ehwany (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/mohamed-h-el-ehwany-a74a6a5b?utm_source=share_via&utm_content=profile&utm_medium=member_ios\" style=\"\">Linkedin<\/a>), who holds extensive expertise advising on projects in finance and cross-border M&A. Counsel Rana Elkahwagy (<a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/rana-elkahwagy-478b5043?utm_source=share_via&utm_content=profile&utm_medium=member_ios\" style=\"\">Linkedin<\/a>) also joins the department, specializing in antitrust, corporate law, and regulatory compliance.<\/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\">Rania Al Mashat at the UN<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Rania Al Mashat assumed her role as UN under-secretary-general<\/strong> and executive secretary of the United Nations Economic and Social Commission for Western Asia (ESCWA) after taking the oath of office before UN Secretary-General Ant\u00f3nio Guterres <a target=\"_blank\" href=\"https:\/\/x.com\/RaniaAlMashat\/status\/2068300650660675801?s=20\" style=\"\">yesterday<\/a>. Al Mashat, Egypt\u2019s former international cooperation and planning minister, who was appointed to the post in <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/22\/un-taps-egypts-former-planning-minister-rania-al-mashat-to-head-escwa\/\" style=\"\">April<\/a>, brings 25 years of experience in economic policy and development finance, including roles at the IMF, the Central Bank of Egypt, and Egypt\u2019s cabinet. She will lead ESCWA\u2019s work on regional integration and development across its 21 member states.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/law\/\">law<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legal\/\">legal<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/un\/\">UN<\/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=\"712125 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=\"712125\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/712125\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-712125\" class=\"content-area-description single-story post-712125 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=\"712126\" 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=\"712126\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/egypt-eyes-usd-120-mn-toshka-logistics-zone\/\">\r\n                            USD 120 mn logistics zone coming our way                        <\/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\/21\/egypt-eyes-usd-120-mn-toshka-logistics-zone\/\" 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\/21\/egypt-eyes-usd-120-mn-toshka-logistics-zone\/')\">\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\/21\/egypt-eyes-usd-120-mn-toshka-logistics-zone\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Egypt eyes USD 120 mn Toshka logistics zone&url=https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/egypt-eyes-usd-120-mn-toshka-logistics-zone\/\">\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\/21\/egypt-eyes-usd-120-mn-toshka-logistics-zone\/&title=Egypt eyes USD 120 mn Toshka logistics zone\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Egypt+eyes+USD+120+mn+Toshka+logistics+zone+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F06%2F21%2Fegypt-eyes-usd-120-mn-toshka-logistics-zone%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\/21\/egypt-eyes-usd-120-mn-toshka-logistics-zone\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/308.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"712127\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/egypt-eyes-usd-120-mn-toshka-logistics-zone\/308-jpg-34\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/308.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"308.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/308.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/308.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-712126\" class=\"content-area-description single-story post-712126 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-automotive tag-enterpriseam tag-logistics 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;text-align: left\"><strong> Toshka is getting a USD 120 mn logistics zone. <\/strong>The General Authority for Land and Dry Ports is seeking tenders for the establishment, management, and operation of the specialized logistics zone in Aswan, <a href=\"https:\/\/www.alborsaanews.com\/2026\/06\/14\/1973686\" target=\"_blank\" rel=\"noopener\">Al Borsa<\/a> reports. The authority is seeking agricultural and agro-processing companies to establish the facility on a 1 mn sqm plot of land. The deadline for receiving applications is the end of October 2026.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Prioritizing agricultural storage and trade: <\/strong>The project aims to establish cold storage infrastructure for crops, silos for grain and cereals, and processing and packaging centers. Container and truck handling yards will also be built to organize commercial transport movement between Egypt and African markets. The zone will support agro-linked light industries, including equipment assembly, fertilizer packaging, and recycling agricultural waste into feed or clean energy.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>More investment for Upper Egypt: <\/strong>Refrigeration and nearby silos would help prevent spoilage under the desert heat prior to transit, which should help ease some of the logistical difficulties that trouble agricultural and land reclamation projects in the area, including the <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/10\/05\/sekem-embarks-on-egp-4-7-bn-toshka-agricultural-expansion-plan\/\" target=\"_blank\" rel=\"noopener\">EGP 4.7 bn five-year initiative<\/a> by our friends at Sekem.<\/p>\n<p class=\"tag-border-left\">El Nasr Automotive teams up with China's FAW to revive its brand<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>El Nasr Automotive signed a strategic partnership with China\u2019s FAW Car <\/strong><strong>Group<\/strong> to manufacture a range of vehicles under the El Nasr brand, according to a <a href=\"https:\/\/www.cabinet.gov.eg\/News\/Details\/85678\" target=\"_blank\" rel=\"noopener\">cabinet statement<\/a>.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>BACKGROUND- <\/strong><a href=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/how-egypt-became-the-top-destination-for-automotive-investment-in-the-middle-east\/\" target=\"_blank\" rel=\"noopener\">El Nasr returned to manufacturing in 2024<\/a> after a 15-year production hiatus, beginning with two electric buses \u2014 the Nasr Sky tourist bus and the Nasr Star minibus. The FAW deal is one of El Nasr\u2019s first major international passenger vehicle partnerships since its revival, and adds to a growing list of global automakers \u2014 including GM, Toyota, and Stellantis \u2014 that have established local footholds in recent years.<\/p>\n<p class=\"tag-border-left\">Making waves<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Egypt is setting the stage for a new international yacht marina at Kilo 92 <\/strong><strong>on<\/strong><strong> the North Coast<\/strong>, bringing another luxury mega-project to our Mediterranean shoreline. The Higher Committee for Shore Licensing has greenlit the project after it cleared all technical and environmental regulatory reviews, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/%D8%A8%D9%8A%D8%A7%D9%86-%D8%B5%D8%A7%D8%AF%D8%B1-%D8%B9%D9%86-%D9%88%D8%B2%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B1%D8%AF-%D8%A7%D9%84%D9%85%D8%A7%D8%A6%D9%8A%D8%A9-%D9%88%D8%A7%D9%84%D8%B1%D9%8A-%D8%AF%D9%83%D8%AA%D9%88%D8%B1-%D8%B3%D9%88%D9%8A%D9%84%D9%85-%D9%8A%D8%AA%D8%B1%D8%A3%D8%B3-%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D8%A7%D9%84%D9%84%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D8%B9%D9%84%D9%8A%D8%A7-\/1594188856084862\/\" target=\"_blank\" rel=\"noopener\">statement<\/a> from the Water Ministry. Jurisdiction over the project has been handed to the Armed Forces Land Projects Agency.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>IN CONTEXT- <\/strong>The new marina is in line with the Madbouly government\u2019s efforts to capture the lucrative Mediterranean yachting crowd and expand its tourism receipts beyond traditional Red Sea hotspots. By monetizing prime coastal real estate, the state aims to secure foreign currency inflows, echoing the blueprint of Qatar\u2019s massive USD 29.7 bn <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/06\/qatar-to-invest-usd-29-7-bn-in-north-coast-project-2\/\" target=\"_blank\" rel=\"noopener\">Alam El Roum<\/a> project.<\/p>\n<p class=\"tag-border-left\">Digital Group eyes local tech players<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Netherlands-based cybersecurity provider Digital Group is lining <\/strong><strong>up USD 2 mn to acquire at least a 30% stake in two unnamed local tech startups next year<\/strong>, <a href=\"https:\/\/almalnews.com\/2118439\/%C2%AB%D8%AF%D9%8A%D8%AC%D9%8A%D8%AA%D8%A7%D9%84-%D8%AC%D8%B1%D9%88%D8%A8%C2%BB-%D8%A7%D9%84%D9%87%D9%88%D9%84%D9%86%D8%AF%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0-%D8%B9%D9%84%D9%89-%D8%B4%D8%B1%D9%83%D8%AA%D9%8A\/\" target=\"_blank\" rel=\"noopener\">Al Mal<\/a> reports. The self-financed acquisitions aim to tap into local engineering talent and fast-track the group\u2019s expansion into the regional digital solutions market.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/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\/automotive\/\">automotive<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"712128\" 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=\"712128\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/mega-ipos-open-windows-for-spacs\/\">\r\n                            The return of the SPAC?                        <\/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\/21\/mega-ipos-open-windows-for-spacs\/\" 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\/21\/mega-ipos-open-windows-for-spacs\/')\">\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\/21\/mega-ipos-open-windows-for-spacs\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Mega IPOs open windows for SPACs&url=https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/mega-ipos-open-windows-for-spacs\/\">\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\/21\/mega-ipos-open-windows-for-spacs\/&title=Mega IPOs open windows for SPACs\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Mega+IPOs+open+windows+for+SPACs+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2026%2F06%2F21%2Fmega-ipos-open-windows-for-spacs%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\/21\/mega-ipos-open-windows-for-spacs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1053.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"712129\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/21\/mega-ipos-open-windows-for-spacs\/1053-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1053.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1053.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1053.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2026\/3\/1053.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-712128\" class=\"content-area-description single-story post-712128 post type-post status-publish format-standard has-post-thumbnail hentry category-planet-finance tag-enterpriseam tag-financial-markets tag-ipo tag-planet-finance wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>SPACs are back \u2014 and the mega-IPO frenzy is to than<\/strong><strong>k. <\/strong>As blockbuster listings from the likes of SpaceX absorb the bulk of investor appetite and capital on US markets, shell companies are re-emerging as the practical alternative for firms that can't compete for attention at the top of the queue, <a href=\"https:\/\/www.reuters.com\/legal\/government\/spacs-are-back-thanks-wall-streets-mega-ipo-frenzy-2026-06-17\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a> reports.<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>By the numbers: <\/strong>SPAC issuances have been on the up since last year, when they started to recover from a post-2021 dip. So far, USD 36.9 bn worth of SPAC mergers have been announced through 44 agreements, up from USD 15 bn through 33 agreements at the same point the year before, according to Dealogic data.<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>BACKGROUND- <\/strong>SPACs helped push global IPOs to a record high in <a href=\"https:\/\/www.reuters.com\/business\/global-markets-ipos-graphics-pix-2021-05-13\/\" target=\"_blank\" rel=\"noopener\">2021<\/a>, before a wave of underperformers struggled to deliver returns or find viable targets. The current revival is more selective \u2014 with sectors drawing interest this time including energy, crypto, defense, and critical minerals.<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Nearly 360 SPACs are sitting on c. USD 56.8 bn in dry powder ready to deploy<\/strong>, according to SPAC Research. Two big pending transactions illustrate the shift \u2014 Taiwan-based battery manufacturer ProLogium Technology is listing on the Nasdaq through a USD 3.8 bn SPAC merger, while the US\u2019s power and lithium resource producer Controlled Thermal Resources agreed on a USD 4.7 bn merger.<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>SPACs can provide an alternative route, or \u201ca quick side entrance<\/strong>,\u201d as Cerity Partners\u2019 Michael Ashley Schulman said, for funds to take advantage of a buoyant market, as mega listings take up a sizable share of investor interest, appetite, and capital.<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>For the targets<\/strong>, as well as offering an easier access route to the already crowded IPO scene on US capital markets, acquisitions and mergers through shell companies offer more flexibility on terms and a guaranteed capital raise at close.<\/p><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table markets-table\">\n<tbody>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">52,622<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">+1.1% (YTD: +25.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">Buy 49.85<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">Sell 49.99<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>USD (CIB<\/strong><strong>) <\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">Buy 49.80<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">Sell 49.90<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Interest rates (CBE)<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">19.00% deposit<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">20.00% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">11,121<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">+0.1% (YTD: +6.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>ADX<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">10,017<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">-1.0% (YTD: +0.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>DFM<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">6,164<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">-1.7% (YTD: +1.9%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">7,501<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">+1.1% (YTD: +9.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">10,363<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">-0.4% (YTD: +4.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">6,293<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">-0.5% (YTD: +8.6%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">USD 80.57<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">+0.9%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">USD 3.20<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">-1.1%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Gold<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">USD 4,173<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">-1.7%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>BTC<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">USD 63,934<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">+1.1% (YTD: -27.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>S&amp;P Egypt Sovereign Bond Index<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">1,064<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">+0.1% (YTD: +7.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>S&amp;P MENA Bond &amp; Sukuk<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">152.44<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">-0.1% (YTD: +0.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\"><\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">16.78<\/p>\n<\/td>\n<td style=\"border-right-style: solid;padding: 5pt 5pt 5pt 5pt;border-right-width: 1pt;border-top-style: solid;border-left-style: solid;border-bottom-width: 1pt;width: 139.2pt\" colspan=\"1\" rowspan=\"1\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">+2.3% (YTD: +12.2%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p class=\"tag-border-left\">THE CLOSING BELL-<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The EGX30<\/strong><strong> rose 1.1% at <\/strong><strong>Wednesday\u2019s<\/strong><strong> close<\/strong> on turnover of EGP 12.1 bn (40.8% above the 90-day average). International investors were the sole net buyers. The index is up 25.8% YTD.<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>In the green:<\/strong> Raya Holding (+4.1%), CIB (+2.7%), and Palm Hills Developments (+2.5%).<\/p><p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>In the red:<\/strong> ADIB (-2.1%), Qalaa Holdings (-1.6%), and EFG Holding (-1.4%).<\/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\/ipo\/\">IPO<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"712130\" 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\/21\/712130\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-712130\" class=\"content-area-description single-story post-712130 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>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            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>EU dispatching EUR 1.5 bn | EIB mulls renewables funding | Gov\u2019t\u2019s exploration push | EUR 690 mn rail upgrade<\/p>\n","protected":false},"featured_media":712108,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-712107","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"05eb2df3-49dd-4093-af80-c70197a73973","teaser":"EU dispatching EUR 1.5 bn | EIB mulls renewables funding | Gov\u2019t\u2019s exploration push | EUR 690 mn rail upgrade","photo_url":"https:\/\/ent.news\/2026\/6\/115.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Fresh EU funds inbound - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fresh EU funds inbound\" \/>\n<meta property=\"og:description\" content=\"EU dispatching EUR 1.5 bn | EIB mulls renewables funding | Gov\u2019t\u2019s exploration push | EUR 690 mn rail upgrade\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-21T03:00:01+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/115.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/\",\"name\":\"Fresh EU funds inbound - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/115.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2026-06-21T00:00:00+00:00\",\"dateModified\":\"2026-06-21T03:00:01+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/115.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/115.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Fresh EU funds inbound\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Fresh EU funds inbound - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/","og_locale":"en_US","og_type":"article","og_title":"Fresh EU funds inbound","og_description":"EU dispatching EUR 1.5 bn | EIB mulls renewables funding | Gov\u2019t\u2019s exploration push | EUR 690 mn rail upgrade","og_url":"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/","og_site_name":"EnterpriseAM Egypt","article_modified_time":"2026-06-21T03:00:01+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/115.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/","url":"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/","name":"Fresh EU funds inbound - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/115.jpg?fit=%2C&ssl=1","datePublished":"2026-06-21T00:00:00+00:00","dateModified":"2026-06-21T03:00:01+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/115.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/115.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/issues\/fresh-eu-funds-inbound\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/egypt\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Fresh EU funds inbound"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/712107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/712107\/revisions"}],"predecessor-version":[{"id":712150,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/712107\/revisions\/712150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/712108"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=712107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=712107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=712107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}