{"id":671732,"date":"2025-09-12T00:00:00","date_gmt":"2025-09-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/12\/no-electricity-price-hikes-this-month\/"},"modified":"2025-09-12T00:00:00","modified_gmt":"2025-09-12T00:00:00","slug":"no-electricity-price-hikes-this-month","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/12\/no-electricity-price-hikes-this-month\/","title":{"rendered":"No electricity price hikes this month"},"content":{"rendered":"

Good morning, friends, and a happy Friday to you all.<\/strong> It\u2019s been a long and busy week, but we have all you need to wind down for a chill weekend below.<\/p>\n

What do you do when your 8-second attention span craves something more <\/strong>substantial than mindless scrolling?<\/strong> We\u2019ve gathered all the channels you need to restore your faith in digital content and prove that learning something new doesn\u2019t have to be boring.<\/p>\n

Out of deep appreciation for music and its tastemakers through time and place, we <\/strong>are delighted to present a new monthly segment: Now Playing.<\/strong> On the second Friday of each month, we will be sharing an artist, album, song, or musical piece that we love, and tell you why it resonates with us. Inaugurating the segment is English-Nigerian singer Sade, whose songs have captivated audiences and shaped the industry since the 1980s.<\/p>\n

Enterprise Weekend comes out each Friday at 9:00am CLT.<\/strong> We\u2019ll be back on Sunday at 6am with EnterpriseAM. Until then: Enjoy the weekend.<\/p>\n

?\ufe0f LAST WEEK IN 3 MINS-<\/p>\n

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

No electricity price hikes this month. <\/strong>Prime Minister Moustafa Madbouly announced<\/a> that the government will not hike electricity prices this month during his weekly presser, confirming what EnterpriseAM reported earlier this week<\/a>. \u201cWe look at electricity prices as part of the wider economy and their impact on inflation,\u201d Madbouly said.<\/p>\n

ALSO- Annual headline urban inflation eased again in August by nearly two <\/strong>percentage points, <\/strong>falling to 12.0%<\/a>, according to data from state statistics agency Capmas seen by EnterpriseAM. The 1.9 percentage point fall from July brings the country\u2019s headline figure to its lowest reading since March 2022 and marks the third consecutive month of easing price growth.<\/p>\n

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

Emaar Misr and Saudi-owned real estate developer Citystars Properties will develop <\/strong>an EGP 900 bn integrated tourism project, Marassi Red Sea<\/strong>, under a contract inked<\/a> with the Madbouly government, according to a cabinet statement. The development is slated for completion in four years, aiming to boost the Red Sea\u2019s status as a global tourism destination, expected to generate USD 200 mn in annual revenues. The development will house an international conference center, schools, hospitals, sports and leisure facilities, and Marassi Wonders.<\/p>\n

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

Israeli Prime Minister Benjamin Netanyahu has <\/strong>frozen<\/a><\/strong> his state\u2019s USD 35 bn natural <\/strong>gas export agreement with Egypt last week, <\/strong>amid rising Israeli-Egyptian tensions over the war in Gaza and Cairo\u2019s military deployments in Sinai, according to industry publication Middle East Economic Survey (Mees).<\/p>\n

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

The Finance Ministry has begun approving applications from manufacturers to access <\/strong>subsidized loans under the industrial finance initiative at a 15% interest rate, <\/strong>a government source at the ministry told<\/a> EnterpriseAM. Some EGP 6 bn has already been disbursed by the Industry Ministry for qualified applications, the source said. The initiative is restricted to funding capital goods, machinery, and equipment.<\/p>\n

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

Egypt has sent a formal letter to the UN Security Council after Ethiopia officially <\/strong>inaugurated the Grand Ethiopian Renaissance Dam (GERD),<\/strong> calling the move<\/a> \u201ca unilateral act in violation of international law,\u201d the Foreign Ministry said in a statement yesterday. The letter also stressed that Egypt reserves the right to take the necessary measures permitted under international law and the UN Charter to protect its interests.<\/p>\n

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

The Electricity Ministry raised electric vehicle charging tariffs under a new set of <\/strong>rules, allowing operators to charge more for both slow and fast public charging,<\/strong> according to a decision<\/a> published in the Official Gazette. The new rules \u2014 which don\u2019t affect home charging rates \u2014 are meant to encourage the development of EV infrastructure and address profitability concerns of charging infrastructure firms.<\/p>\n

\n

AROUND THE WORLD IN SEVEN DAYS- <\/p>\n

<\/p>\n

Prominent right-wing influencer and co-founder of Turning Point USA Charlie Kirk was <\/strong>assassinated Wednesday night \u2014 shot dead while speaking at a Utah university.<\/strong> The 31-year-old, credited with mobilizing youth and minority voters for President Donald Trump\u2019s second-term victory, was struck in the neck<\/a> moments after taking a question on gun violence. The killing \u2014 the latest in a string of violent attacks on US political figures \u2014 sent shockwaves through Washington. At time of publication, the shooter is still at large, while US authorities released photos of a \u201cperson of interest\u201d believed to be the perpetrator. (Financial Times<\/a> | Wall Street Journal<\/a> | New York Times<\/a> | BBC<\/a> | CNN<\/a>)<\/p>\n

\n

\n

Israel launched airstrikes on Qatar and Yemen this week.<\/strong> Israeli attacks killed 35 and injured over 100 in Yemen<\/a>, a response to a Houthi drone attack that hit an Israeli airport. The attack came one day after Israel launched an attack on Qatar<\/a>, taking its cross-border campaign against Hamas into uncharted territory, launching what it claimed to be \u2018a precision airstrike\u2019 in Doha targeting the group\u2019s political leadership. The strike \u2014 which killed five Hamas members including the son of top negotiator Khalil Al Hayya \u2014 came as Hamas leaders gathered to discuss a US-backed ceasefire proposal. <\/p>\n

The attack has upended fragile truce efforts and drawn sharp condemnation from <\/strong>Qatar, <\/strong>which labeled the strike a \u201cflagrant violation.\u201d A Qatari security officer was among those killed, and Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani warned that the talks now \u201clack any validity,\u201d and said it will reserve the right to retaliate.<\/p>\n

\n

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France\u2019s government collapses amid budget standoff: <\/strong>French Prime Minister Fran\u00e7ois Bayrou\u2019s nine-month-old government was toppled<\/a> after losing a confidence vote in parliament, deepening France\u2019s fiscal and political crisis. Bayrou\u2019s unpopular austerity plan \u2014 including tax hikes, spending cuts, and scrapping two public holidays \u2014 was rejected by a wide opposition front. His ouster leaves President Emmanuel Macron scrambling to name his fifth prime minister in less than two years.<\/p>\n

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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

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

We\u2019re in for a moderately warm weekend<\/strong>, with temperatures in Cairo set to peak at 34-35\u00b0C, before cooling down to 21-22\u00b0C. Heading up north one last time? Expect highs of 28\u00b0C and lows of 25\u00b0C, according to our favorite weather app. <\/p>\n

\n

?\ufe0fHAPPENING THIS WEEKEND-<\/p>\n

Give<\/strong> a preloved item its new home at Darb 15\u2019s <\/strong>Garage Sale<\/a><\/strong>, happening today and tomorrow. Join the sustainability crowd and browse through a huge collection of secondhand items. Doors open from 12pm to 10pm.<\/p>\n

Good news, friends: We\u2019ve got some squash to look forward to this <\/strong>September<\/strong>. Kicking off today and running until Friday, 19 September, the CIB Egyptian Squash Open 2025<\/a> \u2014 headlined by World No. 1s Mostafa Asal and Nouran Gohar \u2014 will be taking place right by the Great Pyramids of Giza, with opening games at Club O West. Ticket details are yet to be confirmed, but we\u2019d suggest keeping an eye out for them on the tournament\u2019s website<\/a>.<\/p>\n

Address Beach Resort is where the fun never stops.<\/strong> Megastars Wael Gassar and Reham<\/a>Abdelhakim<\/a> will give electric performances tomorrow at Marassi. Head over to Ticketsmarch\u00e9<\/a> for tickets. <\/p>\n

\n

?\ufe0fHAPPENING NEXT WEEKEND-<\/p>\n

The iconic <\/strong>Myriam Fares<\/a><\/strong> is set to perform all-time favorites <\/strong>at Hacienda White\u2019s Kiki\u2019s Beach on Friday, 19 September. Don\u2019t miss the final days of Sahel season \u2014 you can grab your tickets on Kiki\u2019s website<\/a> . <\/strong><\/p>\n

Tamer Ashour<\/a><\/strong> to join the lineup for Marassi\u2019s Address Beach Resort<\/strong> celebrations on Friday, 19 September. Be where the fun is and sing along to his hits on Saudi National Day. Get your tickets on Ticketsmarch\u00e9<\/a>.<\/p>\n

Mega stars <\/strong>Asala<\/a><\/strong> and <\/strong>Ahmed Saad<\/a><\/strong> are wrapping up<\/strong> the Marassi fun on Saturday, 20 September. Don\u2019t miss these exciting performances at Address Beach Resort and get your tickets at Ticketsmarch\u00e9<\/a>. <\/p>\n

If you\u2019re looking for your next vintage find, we\u2019ve got some <\/strong>good news<\/strong>. Cairo Flea Market Streets Edition<\/a> is kicking off the new thrifting season on Saturday, 20 September at Zamalek\u2019s Horreya Garden. The market is set to run from 10am to 10pm, and will feature everything from vintage finds to handcrafted treasures.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, friends, and a happy Friday to you all. It\u2019s been a long and busy week, but we have all you need to wind down for a chill weekend below. What do you do when your 8-second attention span craves something more substantial than mindless scrolling? 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It\u2019s both interest rate week and Christmas week \u2014 happy holidays to all those who celebrate. It is also \u2014 blessedly \u2014 the second-last business week of 2020.Look for the central bank to leave rates on hold when it meets this Thursday, according to our poll of\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":557035,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/05\/this-morning-its-pmi-day-egyptair-flights-to-kuwait-return-today-enterprise-bupa-poll-lands-tomorrow\/","url_meta":{"origin":671732,"position":1},"title":"THIS MORNING: It\u2019s PMI day; EgyptAir flights to Kuwait return today; Enterprise Bupa poll lands tomorrow","author":"enterpriseam admin","date":"5 September 2021","format":false,"excerpt":"Good morning, wonderful people, and welcome to the first full week of September. How is it already the fifth of the month? We\u2019ve always loved the back-to-school, plan-for-the-new-year vibe of the ninth month of the year \u2014 and we love it doubly because we\u2019re going back to the office three\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":580676,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/12\/we-have-another-action-packed-weekend-for-football-and-handball\/","url_meta":{"origin":671732,"position":2},"title":"We have another action-packed weekend for football and handball","author":"enterpriseam admin","date":"12 January 2023","format":false,"excerpt":"\u26bd In the 13th round of the Egyptian Premier League: Al Ahly will host Al Masry at 7pm, and Ghazl El Mahalla will play against Enppi at 5pm.English Premier League: Fulham\u2019s match against Chelsea, which was postponed from the seventh week of the league, kicks off tonight at 10pm, concluding\u2026","rel":"","context":"In "ENTERPRISE RECOMMENDS"","block_context":{"text":"ENTERPRISE RECOMMENDS","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-recommends-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570870,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/21\/what-were-tracking-on-21-april-2020\/","url_meta":{"origin":671732,"position":3},"title":"What we\u2019re tracking on 21 April 2020","author":"enterpriseam admin","date":"21 April 2020","format":false,"excerpt":"Good morning, ladies and gents, and welcome back from what we hope was a relaxing long weekend. Now, let\u2019s get re-oriented for the start of this truncated workweek: It\u2019s four days until Ramadan, which starts on Friday, 24 April \u2014 Dar Al Ifta, as we reported last week, will not\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":553443,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/05\/this-morning-omicrons-world-tour-continues-the-markets-had-a-wild-wild-weekend\/","url_meta":{"origin":671732,"position":4},"title":"THIS MORNING: Omicron\u2019s world tour continues + the markets had a wild, wild weekend","author":"enterpriseam admin","date":"5 December 2021","format":false,"excerpt":"Good morning, wonderful people, and welcome to the first full week of December. Before we get underway, we offer our fellow grammar and typography nerds this break from the hurly-burly of year-end newsflow: Go watch Alexis Gay\u2019s homage to the em-dash (runtime: 1:00). Use it wisely, young Skywalker.THE BIG STORIES\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":582063,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/24\/more-privatization-news-our-maiden-sovereign-sukuk-issuance-is-out-the-door\/","url_meta":{"origin":671732,"position":5},"title":"More privatization news + our maiden sovereign sukuk issuance is out the door","author":"enterpriseam admin","date":"24 February 2023","format":false,"excerpt":"Good morning, lovely people, and happy Friday to you all. It\u2019s been a busy week for all of us at the Enterprise HQ, so we greet you this weekend with big TGIF energy and a light, fun Weekend Edition issue to cleanse our collective palates. Enterprise Weekend comes out each\u2026","rel":"","context":"In "THE WEEK IN REVIEW"","block_context":{"text":"THE WEEK IN REVIEW","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-week-in-review\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/Privatization-1600px.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\/671732","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=671732"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/671732\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/weekend\/671730"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/671733"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=671732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=671732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=671732"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=671732"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=671732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}