{"id":640080,"date":"2024-08-20T00:00:00","date_gmt":"2024-08-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/20\/egp-2-coin-to-launch-by-2025\/"},"modified":"2024-08-20T00:00:00","modified_gmt":"2024-08-20T00:00:00","slug":"egp-2-coin-to-launch-by-2025","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/20\/egp-2-coin-to-launch-by-2025\/","title":{"rendered":"EGP 2 coin to launch by 2025"},"content":{"rendered":"

Good morning, folks<\/strong>. <\/strong>With temperatures on the up once again, you might be tempted to crank up the AC, but be warned that more unconfirmed reports are circulating that electricity bills will soon increase by 14-40%.<\/p>\n

PSA-<\/p>\n

WEATHER- It\u2019s heating up in Cairo today<\/strong>, with a high of 37\u00b0C and a low of 26\u00b0C, according to our favorite weather app.<\/p>\n

It\u2019s only slightly cooler in Alexandria and along the North Coast<\/strong>, with a high of 35\u00b0C and a low of 24\u00b0C.<\/p>\n

** DID YOU KNOW that we now cover <\/strong>Saudi Arabia<\/a><\/strong> and the <\/strong>UAE<\/a><\/strong>?<\/strong><\/p>\n

** Were you forwarded this email?<\/strong> Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n

\n

HAPPENING TODAY-<\/p>\n

<\/a> Attention, prospective<\/strong> university students (and their parents): <\/strong>The second phase of tansik \u2014 the public university enrollment system \u2014 will launch today<\/a> and run until Saturday. Students hoping to apply in the second phase will need to have scored at least 64.64% in the sciences and 56.09% for literature.<\/p>\n

\n

WATCH THIS SPACE- <\/p>\n

<\/a> #1- Could we finally see the EGP 2 coin? <\/strong>The government is preparing to launch the EGP 2 coin before the end of the fiscal year ending 2025, Asharq Business<\/a> reports, citing unnamed sources. The state has wrapped up all the required procedures for minting and issuing the coin and is awaiting the final greenlight from the central bank and the cabinet. <\/p>\n

We\u2019ve been waiting for years now: <\/strong>The cabinet first introduced<\/a> the idea of an EGP 2 coin in 2022. <\/p>\n

\n

\n

#2- No can do, Lebanon:<\/strong> An anonymous Egyptian official rejected reports that Lebanon was due to receive a shipment of LNG from Egypt by 23 August and added that the country does not even have the facilities to \u201creceive liquefied fas in the first place,\u201d in comments to Asharq Business<\/a>. The confusion followed statements from Lebanon\u2019s energy minister that came after the country\u2019s state electricity company ran out of fuel<\/a>, which led to a total blackout across the country and the disruptions to airports, ports, sewage and water systems, and other essential facilities.<\/p>\n

<\/a> <\/p>\n

\n

CIRCLE YOUR CALENDAR- <\/p>\n

<\/a> #1- A new platform for local exporters is coming in October: <\/strong>EBank is set to launch a digital platform for small- and medium-sized exporters next October, Al Mal<\/a> reports, citing Strategic Planning Director Yasmine El Hosseiny. The platform will connect exporters with international importers, providing them with access to over 12 international banks, 25k clients, and a slew of suppliers to facilitate trade and boost exports. It\u2019s set to onboard 400 exporters in the first phase and targets 1.5k exporters within the first year of its launch.<\/p>\n

\n

\n

<\/a> #2- A conference on all things finance is coming to Cairo in two months\u2019 time:<\/strong> FinExpo<\/a> will host a conference and exhibition focused on online trading, financial markets, and fintech innovations in Egypt in Cairo from October 10-12, according to a press release (pdf)<\/a>. The event \u2014 which will bring together investors, NBFIs, banks, fintech firms, and other entities \u2014 will showcase the latest trends in fintech and feature in-depth analysis of the EGX, seminars on financial derivatives soon to be introduced to the Egyptian market, discussions on global market trends and interest rate projections, and much more.<\/p>\n

Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n

\n
\n
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\n

Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n

THE BIG STORY ABROAD-<\/p>\n

The Democratic National Convention is front and center across the front pages of the <\/strong>international press this morning<\/strong>, as US President Joe Biden passes the torch to his vice president and Democratic presidential candidate Kamala Harris. <\/p>\n

Among those making appearances at the DNC in Chicago:<\/strong> Biden took to the stage to hand off the convention to Harris and her running mate Tim Walz, while a host of other Senate and Congress members, and other political figures also had time on stage. Former presidential candidate Hillary Clinton is also in today\u2019s lineup, while each night of the convention is scheduled to feature a celebrity host. Harris herself also made a surprise on-stage appearance, despite not originally being scheduled to speak today. <\/p>\n

Harris is starting to give shape to her vision as president, starting with plans to raise the <\/strong>corporate tax rate to 28%<\/strong>, partially rolling back a Trump-era decision to slash the tax rate to 21% from 35%. The tax hike would, if implemented, raise USD hundreds of bns that will be necessary to help finance the presidential hopeful\u2019s plans in office. (Reuters<\/a> | Bloomberg<\/a> | Financial Times<\/a> | CNBC<\/a> | Politico<\/a> | Wall Street Journal<\/a> | Washington Post<\/a> | New York Times<\/a>)<\/p>\n

MEANWHILE- Israeli Prime Minister Benjamin Netanyahu has accepted a \u201cbridge<\/strong> proposal\u201d for a ceasefire<\/strong> in Israel\u2019s war on Gaza, US Secretary of State Antony Blinken told reporters yesterday, according to a readout of his remarks<\/a>. Blinken urged Hamas to accept the proposal, citing \u201cfierce urgency\u201d to reach an agreement between the two sides to prevent further bloodshed and destruction. (Reuters<\/a> | New York Times<\/a> | Financial Times<\/a> | Bloomberg<\/a>)<\/p>\n

<\/a> Blinken is heading to Cairo next, where he is <\/strong>expected<\/a><\/strong> to land today<\/strong> to discuss next steps on the ceasefire talks between Israel and Hamas. Blinken will fly from Israel as part of a four-day trip that marks his ninth visit to the region since Israel\u2019s war on Gaza began. <\/p>\n

REMEMBER- <\/strong>Senior government officials from Egypt, Qatar, and the US are set to reconvene<\/a><\/a>in Cairo<\/a> before the end of the week in a bid to finalize an agreement based on the proposal presented in Doha last week.<\/p>\n

<\/p>\n

*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p>\n

In today\u2019s issue: <\/strong>We break down the government\u2019s new national low carbon hydrogen strategy, which maps out how the country can achieve its ambitious goal of capturing between 5-8% of the global hydrogen market by 2040.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, folks. With temperatures on the up once again, you might be tempted to crank up the AC, but be warned that more unconfirmed reports are circulating that electricity bills will soon increase by 14-40%. PSA- WEATHER- It\u2019s heating up in Cairo today, with a high of 37\u00b0C and a low of 26\u00b0C, according […]<\/p>\n","protected":false},"author":1,"featured_media":640081,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7204],"tags":[1419,72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-640080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-egp","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"149fbb8f-ab61-4fb7-8abc-1055c5fee5ca","order":"2","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/8\/1711.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EGP 2 coin to launch by 2025","related_issue":[640078],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.10514bae-7990-4a79-a674-051279d4f5e3.mp3"},"yoast_head":"\nEGP 2 coin to launch by 2025 - 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\/2024\/08\/20\/egp-2-coin-to-launch-by-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGP 2 coin to launch by 2025\" \/>\n<meta property=\"og:description\" content=\"Good morning, folks. 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The news cycle seems to be cooling down as we approach the long weekend, and we\u2019re hoping you\u2019re doing the same.THE BIG STORY TODAY- Bonyan made its long-awaited debut on the EGX today under the ticker BONY.CA, opening at EGP 4.96 and trading within\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/4\/622.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621643,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/14\/what-were-tracking-on-13-november-2018-spotify-in-egypt-education-and-the-workforce\/","url_meta":{"origin":640080,"position":1},"title":"What we\u2019re tracking on 13 November 2018: Spotify in Egypt, education and the workforce","author":"enterpriseam admin","date":"14 November 2018","format":false,"excerpt":"In miscellany this morning: Spotify launched yesterday in Egypt and several other Arab markets. The world\u2019s largest streaming music service will be available at a cost of EGP 49.99 per month in Egypt as well as 13 other regional markets, including the UAE and Morocco. Egypt, Saudi Arabia, the UAE,\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/11\/369.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":668384,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/14\/polaris-parks-set-to-build-egp-2-5-bn-industrial-zone-in-sadat-city\/","url_meta":{"origin":640080,"position":2},"title":"Polaris Parks set to build EGP 2.5 bn industrial zone in Sadat City","author":"enterpriseam admin","date":"14 July 2025","format":false,"excerpt":"Good afternoon, friends. We\u2019ve got another brisk issue for you today as the news cycle continues to cool down \u2014 though the weather is a different story.THE BIG STORY TODAY Industrial real estate developer Polaris Parks is set to build an EGP 2.5 bn industrial zone in Sadat City, General\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/924.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591965,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/what-were-tracking-on-monday-23-december-2019\/","url_meta":{"origin":640080,"position":3},"title":"What we\u2019re tracking on Monday, 23 December 2019","author":"enterpriseam admin","date":"23 December 2019","format":false,"excerpt":"The long-awaited cabinet shuffle materialized yesterday, bringing six new faces to the cabinet table and a handful of surprises, including Prime Minister Moustafa Madbouly being tapped to drum up investment in all of its flavors. We have chapter and verse in this morning\u2019s Speed Round, below. We also have a\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":670683,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/24\/arabia-developments-to-invest-up-to-egp-30-bn-in-hospitality-sector\/","url_meta":{"origin":640080,"position":4},"title":"Arabia Developments to invest up to EGP 30 bn in hospitality sector","author":"enterpriseam admin","date":"24 August 2025","format":false,"excerpt":"Good afternoon, friends, and welcome to the start of another workweek. As is usually the case with Sundays, it seems the news cycle is still getting some much needed rest. THE BIG STORY TODAY- Arabia Developments will invest up to EGP 30 bn to build 2k hotel rooms and serviced\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1951.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":669535,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/04\/egp-continues-to-rise-against-greenback\/","url_meta":{"origin":640080,"position":5},"title":"EGP continues to rise against greenback","author":"enterpriseam admin","date":"4 August 2025","format":false,"excerpt":"Good afternoon, friends. It\u2019s a relatively calm day on the news front, and we\u2019ve got a brisk issue for you today.THE BIG STORY TODAY- The EGP extended its rally against the greenback today for the second consecutive week \u2014 with only a brief two-day pause, as the USD attempted to\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1979.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/640080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=640080"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/640080\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/640078"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/640081"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=640080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=640080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=640080"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=640080"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=640080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}