{"id":669795,"date":"2025-08-08T00:00:00","date_gmt":"2025-08-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/08\/opening-date-for-grand-egyptian-museum-set-for-1-november\/"},"modified":"2025-08-08T00:00:00","modified_gmt":"2025-08-08T00:00:00","slug":"opening-date-for-grand-egyptian-museum-set-for-1-november","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/08\/opening-date-for-grand-egyptian-museum-set-for-1-november\/","title":{"rendered":"Opening date for Grand Egyptian Museum set for 1 November"},"content":{"rendered":"

Good morning, friends, and welcome to the weekend. <\/strong>With last weekend\u2019s hotter-than-ever weather behind us, we can finally get out there and enjoy the summer sun. <\/p>\n

As the heat rises, so do our cravings for all things cool. <\/strong>In this week\u2019s edition of The Enterprise Guide, we\u2019re sharing our favorite cool, sweet treats you can get your hands on whether you\u2019re in Cairo, on the coast, or chilling in El Gouna. <\/p>\n

LAST WE<\/strong>EK IN 3 MINS-<\/p>\n

TOURISM- <\/strong><\/p>\n

The grand opening of the even grander Grand Egyptian Museum <\/strong>will take place<\/a><\/strong> on <\/strong>Saturday, 1 November<\/strong>, Prime Minister Moustafa Madbouly announced on Wednesday. The museum is expected to attract up to 5 mn visitors a year and provide a boost to a sector that employs around 10% of Egypt\u2019s workforce.<\/p>\n

ENERGY- <\/strong><\/p>\n

Egypt to import more Israeli gas for USD 35 bn through <\/strong>2040: <\/strong>Egypt will import<\/a> an additional 130 bcm of Israeli natural gas under an amended agreement with the Leviathan field partners, in a transaction worth USD 35 bn that extends supply through 2040. The amended agreement builds on a 2019 contract between Egypt\u2019s Blue Ocean Energy and Leviathan partners Chevron and Ratio Energies.<\/p>\n

No more electricity subsidies by FY 2028-2029?<\/strong> The Madbouly government plans to<\/a>gradually bring electricity subsidies down<\/a> to zero by the fiscal year 2028-2029, with the aim of freeing up funds previously earmarked for petroleum and electricity subsidies and channel the money back into \u201ctargeted social programs\u201d. <\/p>\n

The Finance Ministry is <\/strong>studying<\/a><\/strong> a new package of <\/strong>incentives<\/strong> to support the solar <\/strong>energy sector<\/strong>, which includes exempting solar power plant components from customs duties and value-added tax, Hatem Tawfik, secretary general of the sustainable energy division at the Cairo Chamber of Commerce and managing director of Cairo Solar, told EnterpriseAM. The proposed incentives also include exempting solar plant contracts from taxes, replicating previously applied incentives for green hydrogen projects.<\/p>\n

ECONOMY- <\/strong><\/p>\n

Non-oil private sector activity <\/strong>declined<\/a><\/strong> for the fifth consecutive month in July<\/strong>, although the rate of decline eased from the prior month, with businesses reporting weaker rates of contraction in activity and new orders.<\/p>\n

DEBT-<\/strong><\/p>\n

New sukuk issuance on the horizon?<\/strong> Egypt may tap the international debt markets with a new USD 1 bn sovereign sukuk tranche by September or October, a government source told EnterpriseAM. The upcoming sukuk issuance will mark our first international issuance of the current fiscal year, and is part of the country\u2019s USD 5 bn international sovereign sukuk program.<\/p>\n

AUTOMOTIVE- <\/strong><\/p>\n

Abou Ghali Auto <\/strong>announced<\/a><\/strong> on Tuesday the launch of the Sandstorm S24<\/strong> \u2014 a made-in-the-UAE double-cab pickup truck that it will start producing in Egypt in 2026 for export to regional and global markets. Abou Ghali is importing the S24 already-assembled from the UAE until local assembly ramps up next year.<\/p>\n

The Madbouly government is also <\/strong>preparing three incentive programs<\/a><\/strong> to boost the <\/strong>local production of vehicles<\/strong> including trucks, light commercial vehicles, minibuses, and electric taxis. <\/p>\n

MEANWHILE- <\/strong>The government is preparing to restrict imports<\/a> of Chinese-made electric vehicles so that only officially licensed agents are able to get their hands on them. The decision aims to ensure that all EVs imports comply with local environmental and safety regulations.<\/p>\n

IPO WATCH- <\/strong><\/p>\n

The National Printing Company <\/strong>began trading on the EGX<\/a><\/strong> on Tuesday under the ticker <\/strong>NAPR.CA <\/strong>following a secondary sale that was 23.6x oversubscribed. The stock debuted at EGP 21.25 per share \u2014 a markdown from its fair value, which was set at EGP 28.27 a pop. The company made a stellar trading debut<\/a> with shares jumping to a high of EGP 23.69 before settling at EGP 23.25 \u2014 up 9.4% from the IPO price \u2014 ranking among the top five performers on the bourse. <\/p>\n

TRADE- <\/strong><\/p>\n

Egyptian exports to the US <\/strong>will continue to enjoy the baseline 10% tariff<\/a><\/strong>, remaining <\/strong>unaffected by the list of new tariffs<\/strong> unveiled by US President Donald Trump last week. Qualifying Industrial Zone (QIZ) exports are also expected to retain preferential access \u2014 but US officials have yet to offer confirmation here. A team of officials has been holding talks with their US counterparts to clarify the treatment of exports of products under the agreement.<\/p>\n

AROU<\/strong>ND THE WORLD IN SEVEN DAYS- <\/strong><\/p>\n

<\/p>\n

Israel on the brink of full Gaza occupation: <\/strong>Israeli Prime Minister Benjamin Netanyahu is reportedly pushing his security cabinet<\/a> to approve a \u201cfull conquest\u201d of the Gaza Strip. The push for a full takeover comes as Gazans are increasingly starving to death, and faces significant opposition from Israel\u2019s own military chief Eyal Zamir, who warned that such an operation would put an unbearable weight on the Israeli army and endanger the remaining captive. <\/p>\n

US<\/strong> President Donald Trump has published a list of tariffs that are now in effect<\/strong>. Trading partners are sorted into three groups depending on trade surplus, with most of the Gulf falling to the first group hit by the minimum 10%. Canada will be slapped with a 35% tariff, higher than the earlier announced 25%, as diplomatic friction between the country continues and after it said it would recognize a Palestinian state; Switzerland was slapped with a 39% tariff; and India will be subject to a 25% tariff.<\/p>\n

Trump also<\/strong> raised tariffs<\/a><\/strong> on India to 50% to take effect starting 27 August<\/strong>, a punishment for its purchases of Russian oil which the White House says is fueling the war in Ukraine. Trump also said he is planning a potential 100% tariff on semiconductor chips from countries that do not have manufacturing operations in the US, a move seen as targeting China.<\/p>\n

OVER IN THE BUSINESS PRESS- <\/strong>Disney\u2019s ESPN will acquire<\/a> NFL Network and other media assets from the National Football League, in exchange for the NFL taking a 10% equity stake in the sports network. Disney did not disclose the values of the sale, analysts estimate it lands in the ballpark of USD 2-3 bn.<\/p>\n

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

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\n

\u2600\ufe0f THE WEATHER THIS WEEKEND- <\/p>\n

Stay cool and grab an ice cream cone. Temperatures <\/strong>in Cairo are set to peak at 36-37\u00b0C over the weekend<\/strong>, before cooling down to 23-24\u00b0C. If you\u2019re headed up north, you\u2019re in for cooler weather, with temperatures reaching highs of just 29\u00b0C and lows of 26\u00b0C, according to our favorite weather app.<\/p>\n

\n

HAPPENING THIS WEEKEND-<\/p>\n

In the mood for an outdoor movie night this weekend?<\/strong> Tonight, travel agency Desert Adventures is hosting an open-air movie night<\/a> in the Wadi Degla Protectorate \u2014 and they\u2019re screening none other than noughties\u2019 cult classic Hob El Banat. You can book your spot through their website<\/a>. <\/p>\n

You get a mango, you get a mango, everybody gets a mango<\/strong>. Today, Ismailia\u2019s famed mango festival is kicking off with a series of mango markets, parades, and curated mango bazaars across the city. To find out more, head to the festival\u2019s Facebook page<\/a>. <\/p>\n

Tamer Hosny is heading to Kiki\u2019s<\/strong>. Tonight, the Egyptian megastar will be performing his signature hits up north at Kiki\u2019s Hacienda White<\/a>, joined by local selector George Gehad. Tickets can be purchased through Kiki\u2019s website<\/a>.<\/p>\n

Sahel fun is still going strong at Porto Golf Alamein City<\/strong> with powerhouse performances from Hamid El-Shaeri<\/a>, Masar Egbari<\/a>, and Sharmoofers<\/a> tonight. Still got some fuel in your tank? Make sure to get your tickets at Ticketsmarch\u00e9<\/a>. <\/p>\n

Get caffeinated and grab your polaroid camera<\/strong>, because tonight, &ME \u2014 one fifth of Keinemusik<\/a> \u2014 is bringing the beats all through the night until sunrise at North Coast\u2019s Sol Beach. Promising to have you dancing till the sun\u2019s up, the German EDM DJ<\/a> and producer will be going solo this time around. Tickets can be purchased through Ticketsmarch\u00e9<\/a>.<\/p>\n

Dream a little dream at Ras El Hekma\u2019s ESC\u0100 Beach Club tonight, as <\/strong>Brooklyn-hailing party series All Day I Dream lands in Sahel. <\/strong>If there\u2019s anything these folks<\/a> know how to do, it\u2019s how to party by the beach. British DJ Lee Burridge<\/a>, German EDM artist Nils Hoffman<\/a>, Belgian DJ Lost Desert<\/a>, and Russian producer Amonita<\/a> will be whipping up their signature beats \u2014 so you best believe it\u2019s going to be a wild night. You can grab your tickets from Ticketsmarch\u00e9<\/a>.<\/p>\n

Tomorrow, Kuwaiti megastar Nabeel Shuail will be paying the Address Beach <\/strong>Resort a visit<\/strong> as part of the Layali Marassi festival<\/a>. Shuail will be joined by maestro Medhat Khamis. Tickets can be purchased through Ticketsmarch\u00e9<\/a>. <\/p>\n

\n

HAPPENING NEXT WEEKEND-<\/p>\n

Marwan Pablo and Lege-cy are bringing a rap night to New Alamein on<\/strong> Friday, 15 August. <\/strong>The two artists will perform at U Arena as part of the New Alamein Festival<\/a>. Tickets can be purchased through Tazkarti<\/a>.<\/p>\n

What do Amal Maher and Ahmed Saad have in common?<\/strong> On Saturday, 16 August, they will share the stage at the Address Beach Resort<\/a>. You can secure your spot by visiting Ticketsmarch\u00e9<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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Ahead of the museum\u2019s official (and full) opening on 3 July, the paper noted\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/4\/1083.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":653595,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/20\/ahmed-ghoneim-tapped-as-the-grand-egyptian-museums-new-ceo\/","url_meta":{"origin":669795,"position":1},"title":"Ahmed Ghoneim tapped as the Grand Egyptian Museum\u2019s new CEO","author":"enterpriseam admin","date":"20 October 2024","format":false,"excerpt":"GEM\u2019s trial operations of its main galleries began last week","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1562.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":668495,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/16\/tourism-agencies-vendors-react-to-delayed-gem-opening\/","url_meta":{"origin":669795,"position":2},"title":"Tourism agencies, vendors react to delayed GEM opening","author":"enterpriseam admin","date":"16 July 2025","format":false,"excerpt":"Some have been significantly hurt by the delayed GEM opening: From souvenir shop owners to tourism agents, a lot of those who work with tourists are mourning what could\u2019ve been following the government delaying the opening of the Grand Egyptian Museum (GEM). In its latest report, the AFP interviews souvenir\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1282.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":674294,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/27\/gem-takes-over-the-airwaves\/","url_meta":{"origin":669795,"position":3},"title":"GEM takes over the airwaves","author":"enterpriseam admin","date":"27 October 2025","format":false,"excerpt":"Talk shows zeroed in on the highly anticipated opening of the Grand EgyptianMuseum (GEM) last night and we don\u2019t expect the nation\u2019s talking heads to shift their attention away from the event anytime soon. 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The opening of the state-of-the art museum is contingent on the stability of \u201ccoronavirus-related conditions,\u201d the minister saidThe\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/169.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":671041,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/31\/intl-press-zeroes-in-on-egypts-big-tourism-wager\/","url_meta":{"origin":669795,"position":5},"title":"Int\u2019l press zeroes in on Egypt\u2019s big tourism wager","author":"enterpriseam admin","date":"31 August 2025","format":false,"excerpt":"Egypt is betting on the Grand Egyptian Museum to boost tourism and FX inflows","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1770.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\/669795","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=669795"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/669795\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/weekend\/669793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/669796"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=669795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=669795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=669795"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=669795"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=669795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}