{"id":675634,"date":"2025-11-17T00:00:00","date_gmt":"2025-11-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/17\/imf-mission-to-land-in-egypt-early-december\/"},"modified":"2025-11-17T00:00:00","modified_gmt":"2025-11-17T00:00:00","slug":"imf-mission-to-land-in-egypt-early-december","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/17\/imf-mission-to-land-in-egypt-early-december\/","title":{"rendered":"IMF mission to land in Egypt early December"},"content":{"rendered":"

Good morning, friends, and happy Monday to you all. <\/strong>We have another packed issue for you this morning, led by government plans to tap the international debt markets a few more times this fiscal year, unemployment inching up after three consecutive quarters of cooling, and confirmation that an IMF mission will soon make its way to Egypt. <\/p>\n

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PSA- <\/p>\n

WEATHER- <\/strong>It\u2019s another cool day in Cairo, with a high of 25\u00b0C and a low of 17\u00b0C, according to our favorite weather app.<\/p>\n

It\u2019s a little cooler in Alexandria<\/strong>, with a high of 25\u00b0C and a low of 15\u00b0C.<\/p>\n

WATCH THIS SPACE- <\/p>\n

<\/a> #1- An IMF mission will touch down in Egypt early December <\/strong>for the combined fifth and sixth reviews of the country\u2019s USD 8 bn extended fund facility program and the first review of the resilience and sustainability facility, the fund\u2019s Director of Communications Julie Kozack said in a press briefing<\/a>.<\/p>\n

The visit follows improvements in <\/strong>key economic indicators<\/a><\/strong> that the fund had been looking for progress on. Among these developments is Qatar\u2019s recently announced<\/a> USD 29.7 bn Alam El Roum project, where a few hundred mn of the proceeds will go toward reducing public debt, a key priority for the IMF.<\/p>\n

Egypt is showing efforts adhering to key reform commitments<\/strong> through \u201cestablishing a robust institutional framework around divestment of state assets\u2026and working to step up efforts on debt management as the financing outlook improves,\u201d Kozack said.<\/p>\n

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<\/a> #2- <\/strong>Eni has allocated some USD 1 bn for the second phase of Meleiha\u2019s development<\/strong>, covering exploration and oil and gas extraction, government sources told EnterpriseAM. The Western Desert field holds an estimated 5 mn barrels of oil equivalent \u2014 current output from the field currently stands at around 7k bbl\/d. Eni is also working on a USD 180 mn gas-processing facility in the area. <\/p>\n

CONTEXT- <\/strong>Eni operates the Meleiha concession and holds a 76% interest in it, with Lukoil, Russia\u2019s second-largest oil producer, holding the remaining 24%.<\/p>\n

There\u2019s more:<\/strong> The field will be tied into the Northern Gas Line through a 130-km pipeline to support the new phase of production, according to our sources. The link is designed to raise the amount of gas available for export, boost domestic supply, and reduce reliance on imported volumes. <\/p>\n

#3- Egypt aims to send 27 shipments of green ammonia Germany\u2019s way by 2027<\/strong>, Asharq Business<\/a> reports, citing Suez Canal Economic Zone head Walid Gamal El Din.<\/p>\n

REMEMBER- <\/strong>Fertiglobe last year inked<\/a> an EUR 397 mn contract with H2Global subsidiary HINT.CO to supply green ammonia from its facilities in Egypt to the European Union.<\/p>\n

GDP WATCH- <\/p>\n

<\/a> BNP Paribas expects Egypt\u2019s economy to grow 5.2% in FY 2025-2026<\/strong>, before expanding further to 5.5% in the next fiscal year, the French banking giant said in a recent research note seen by EnterpriseAM. This growth will be driven by strong household consumption, which accounts for more than 80% of GDP, as well as a boost in corporate investment on the back of easing monetary policy.<\/p>\n

Inflation outlook: <\/strong>BNP Paribas sees inflation averaging 10.7% this fiscal year, down from 20.9% in FY 2024-2025. In the short term, the disinflationary trend, supported by lower oil prices and weaker USD, is anticipated to continue throughout 1Q of 2026. Despite risks of temporary price hikes due to subsidy cuts, the Central Bank of Egypt will likely achieve its 7% (\u00b1 2) inflation target in 4Q 2026, the note explains.<\/p>\n

Other predictions from BNP Paribas:<\/strong> Foreign currency liquidity is anticipated to stabilize supported by a reduction in the current account deficit and international financing. Meanwhile, the primary surplus is projected to remain above 3% of GDP in 2026 and 2027, and budget deficits are expected to decline to 6% of GDP in FY 2026-2027. <\/p>\n

HAPPENING TODAY- <\/p>\n

The Af<\/strong>rican Union\u2019s Post-Conflict Reconstruction and Development Awareness <\/strong>Week kicks off today in Cairo<\/strong> and runs until 23 November. The event, held under the theme Rebuilding Lives After Conflict Through Restorative Justice, aims<\/a> to promote \u201cconcrete initiatives to improve the lives and livelihoods of Africans and empower the continent\u2019s resilient citizens to actively contribute to rebuilding their own societies.\u201d<\/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

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CIRCLE YOUR CALENDAR- <\/p>\n

<\/a> We\u2019ll soon see two new EV models on Egyptian streets:<\/strong> Kasrawy Group is set to launch Chinese EV brand Avatr\u2019s first two models in Egypt \u2014 Avatr 11 and Avatr 12 \u2014 on 27 November, according to a statement seen by EnterpriseAM.<\/p>\n

REMEMBER- <\/strong>Kasrawy became the local exclusive agent<\/a> for the brand in the summer.<\/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

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Have you checked out EnterpriseAM MENA <> India? It's our newest briefing tracking one of the world's most dynamic trade, investment, and cultural corridors. Every Monday, Wednesday, and Friday, we'll track the transactions, trends, and market moves connecting these two dynamic regions. The flow of capital, talent, and trade between MENA and the Indian subcontinent is one of the most important economic stories in the world \u2014 and we\u2019re telling as only we can.<\/p>\n

If you\u2019re investing, trading, or scouting for your next big move in MENA or India, subscribe to EnterpriseAM MENA <> India by tapping here<\/a><\/strong> to get the strategic intelligence you need.<\/p>\n

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** DID YOU KNOW that we 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

ICYMI- Missed this week\u2019s Inside Industry? <\/strong>In our weekly vertical exploring all things industry and manufacturing, we looked at how the pharma industry is changing in the midst of the localization push, pricing framework changes, and international firms\u2019 expansions in the local market. Check out the story here<\/a>.<\/p>\n

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

The notorious Epstein files are dominating what\u2019s otherwise a calm day in the <\/strong>international press<\/strong>. The divide is intensifying over whether to release the files related to the trafficking investigation into disgraced financier Jeffrey Epstein, with calls for full disclosure reportedly gaining more and more ground in the House despite resistance from President Trump and GOP leaders.<\/p>\n

The renewed split comes after a House committee released some 20k new pages from <\/strong>the files last week<\/strong>, containing mentions and correspondence with several prominent figures including Trump. The President retaliated by directing the Justice Department to open an investigation into Epstein\u2019s ties with Democrats, a move that some say fanned the flames even further. (Washington Post<\/a> | Associated Press<\/a> | Semafor<\/a>)<\/p>\n

MEANWHILE- BTC is reminding everyone just how volatile cryptocurrencies are<\/strong>, erasing more than 30% in YTD gains only a month after reaching an all-time high. The top cryptocurrency fell below the USD 94k mark yesterday, before paring back losses to trade at USD 94.9k. (Bloomberg<\/a> | Reuters<\/a>)<\/p>\n

ALSO WORTH READING THIS MORNING-<\/strong><\/p>\n