{"id":668476,"date":"2025-07-16T00:00:00","date_gmt":"2025-07-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/16\/govt-plans-to-raise-usd-3-bn-from-asset-sales-in-fy-25-26\/"},"modified":"2025-07-16T00:00:00","modified_gmt":"2025-07-16T00:00:00","slug":"govt-plans-to-raise-usd-3-bn-from-asset-sales-in-fy-25-26","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/16\/govt-plans-to-raise-usd-3-bn-from-asset-sales-in-fy-25-26\/","title":{"rendered":"Gov\u2019t plans to raise USD 3 bn from asset sales in FY 25-26"},"content":{"rendered":"

Good morning, friends, and happy almost-THURSDAY to you all. <\/strong>We\u2019re edging into four-day-workweek territory now as Sahel season kicks into high gear \u2014 and you can *just* start to feel the slowdown reflected in the pace of newsflow coming out of government and major companies alike. <\/p>\n

<\/a> Speaking of Sahel season: You don\u2019t want to get behind the wheel on a major highway if <\/strong>you\u2019ve gotten high anytime in the past few weeks. <\/strong>Police yesterday said 389 people had tested positive for banned substances out of nearly 3.4k drivers they stopped nationwide. <\/p>\n

On-the-spot urine tests: <\/strong>At the Cairo-Alexandria Desert Road toll station coming into Cairo, police ordered multiple drivers to submit to on-the-spot urine tests and detained at least six people. The apparent crackdown comes two weeks after 19 women were killed in a highway accident in Menoufia, prompting a national outcry. Drugs were a factor in the accident. <\/p>\n

How [redacted] are you? <\/strong>It depends on the metabolite for which the police are testing. Traces of weed, for example, can still be in your system more than 30 days later if you\u2019re a heavy user. Pop some gummies or smoke a single joint as a one-off? You\u2019re hot for 1-3 days, depending on how much THC was in the product, how much body fat you have, and how well-hydrated you are. (The more water you drink, the faster you excrete it \u2014 that\u2019s not a myth.)<\/p>\n

Do I have to pee in the cup? <\/strong>We\u2019re not going to practice law without our Official Fake Lawyer\u2019s License\u2122, but our understanding is that refusal to produce a sample could see the senior officer on site decide you\u2019re going to be his guest at the local cop shop, where you\u2019ll be subject to a more rigorous blood test. Expect to be hanging out for 2-4 days in that case.<\/p>\n

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MEANWHILE- We have good news if you \u2014 like us \u2014 obsess over the likelihood of power <\/strong>outages. <\/strong>It\u2019s been a good summer on that front so far (touch wood), and the odds we\u2019ll get through unscathed will go up today as two floating regasification plants come online. They\u2019ll boost supplies available to power-generation stations and keep us all in glorious A\/C. <\/p>\n

In other energy news: IOCs have another USD 1 bn in their coffers <\/strong>after the Oil Ministry made good on some arrears. And while we all wait to hear about Modon\u2019s plans for Ras El Hekma, smaller builders in the area are pressing ahead, with Sky AD saying it has broken ground on its EGP 80 bn project in the area. <\/p>\n

WATCH THIS SPACE- Nearly a quarter mn refugees in Egypt could lose food assistance <\/strong>next month <\/strong>thanks to a funding shortfall at the World Food Programme. <\/p>\n

^^ We have the rundown on all of that and more below and in this morning\u2019s news well. <\/p>\n

MORNING MUST-READS-<\/p>\n

#1- The Trump administration says a \u201cformal process\u201d is underway to choose Jay <\/strong>Powell\u2019s successor as Fed chair \u2014 and Jamie Dimon\u2019s teeth are on edge. <\/strong>The JPMorgan CEO told banking analysts yesterday that \u201cthe independence of the Fed is absolutely critical \u2014 and not just for the current Fed chair, whom I respect, Jay Powell, but for the next Fed chair.\u201d His remarks are splashed across the front pages of the Wall Street Journal<\/a> and the Financial Times<\/a> as pundits worry that Trump\u2019s assault on the Fed\u2019s independence could take global markets to a very dark place. <\/strong><\/p>\n

The timing for an attack on the Fed ain\u2019t great:<\/strong> Early data suggests that Trump\u2019s crackdown on illegal immigration and his tariff campaign are together weighing on the job market and boosting inflation, the Journal notes<\/a>. <\/p>\n

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#2- For our fellow tech nerds, we have two beautiful headlines this morning:<\/strong><\/p>\n