{"id":676414,"date":"2025-11-30T00:00:00","date_gmt":"2025-11-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/30\/imf-mission-lands-in-cairo-tomorrow\/"},"modified":"2025-11-30T00:00:00","modified_gmt":"2025-11-30T00:00:00","slug":"imf-mission-lands-in-cairo-tomorrow","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/30\/imf-mission-lands-in-cairo-tomorrow\/","title":{"rendered":"IMF mission lands in Cairo tomorrow"},"content":{"rendered":"

Good morning, all and happy l<\/strong>ast day of November. <\/strong>Macro news leads today\u2019s newswell as we dive into the economy\u2019s performance during the first quarter of the current fiscal year. We also have a lot to look forward to as the week unfolds, with an IMF mission scheduled to land in town tomorrow. <\/p>\n

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PSA- <\/p>\n

Worried about the Airbus fiasco delaying your flight? It seems like you should have the <\/strong>all-clear. <\/strong>Some 6k A320s were grounded yesterday in an emergency recall for a software update to fix a newly-discovered vulnerability in the system, but national carrier EgyptAir was soon out with a statement<\/a> that it updated all its aircraft and that there was no resulting disruption to flights. Other airlines \u2014 but not all \u2014 have followed suit in confirming that flights are running as scheduled.<\/p>\n

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WEATHER- <\/strong>It\u2019s another cool day in Cairo, with a high of 23\u00b0C and a low of 13\u00b0C, according to our favorite weather app.<\/p>\n

It\u2019s just as cool in Alexandria<\/strong>, with a high of 22\u00b0C and a low of 14\u00b0C.<\/p>\n

WATCH THIS SPACE- <\/p>\n

<\/a> #1-<\/strong> It looks like it will soon be the mining sector\u2019s turn to get an incentive <\/strong>package to boost investment<\/strong>, with Oil Minister Kar<\/font>im Badawi \u2014 who also oversees the mining industry \u2014 teasing an upcoming program to encourage investment in the sector, according to a ministry statement<\/a>. He told Australian mining companies that incoming reforms and incentives would include reductions in annual fees \u2014 making initial exploration less financially burdensome \u2014 and tax and customs exemptions for exploration equipment. The reforms would also simplify the mining licensing system, he added.<\/p>\n

REMEMBER- <\/strong>The government is looking to raise the mining sector\u2019s share of GDP to 5-6% from less than 1% currently.<\/p>\n

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<\/a> #2- Morocco\u2019s anti-dumping duties on Egyptian PVC imports are here to stay <\/strong>after the Trade Ministry\u2019s anti-dumping investigation into Egyptian imports of polyvinyl chloride (PVC) found evidence of significant dumping, which had harmed local industry, Moroccan news outlet Hespress<\/a> reports. The Egyptian Petrochemicals Company, which cooperated with the investigation, will face a 74.87% duty, while non-cooperating exporters will be subject to the higher rate.<\/p>\n

REMEMBER- <\/strong>Morocco first introduced the anti-dumping duties on Egyptian PVC imports in June<\/a>, at the time for a four-month period.<\/p>\n

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HAPPENING TOMORROW- <\/p>\n

<\/a> #1- IMF mission lands in Cairo tomorrow:<\/strong> The IMF mission that will carry out 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 will arrive tomorrow, according to what Prime Minister Moustafa Madbouly said<\/a> last week. The mission is scheduled to leave the country on 12 December.<\/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

#2- The <\/strong>Egypt Business Solutions Summit<\/a><\/strong> is taking place tomorrow at the <\/strong>InterContinental Citystars. <\/strong>The one-day event \u2014 held under the theme From Local to Global \u2014 will bring together business leaders, SMEs, and innovators for discussions on scaling beyond borders, with sessions covering leadership, export planning, international branding, and investor readiness.<\/p>\n

#3- The <\/strong>Egypt Defence Expo (EDEX)<\/a><\/strong> is also kicking off tomorrow and will run until 4 <\/strong>December at the Egypt International Exhibition Center. <\/strong>The event will showcase the latest land, sea, and air defense technologies and is expected to bring together over 40k visitors to check out the 450 exhibiting companies. <\/p>\n

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

The latest escalation against Venezuela is dominating front pages this morning<\/strong>. US President Donald Trump said yesterday that commercial airlines should consider the Venezuelan airspace \u201cto be closed in its entirety.\u201d It\u2019s unclear what Trump meant by the warning, which closely follows US military mobilization and threats to escalate its lethal operations against alleged drug traffickers on Venezuelan boats into a land-based assault.<\/p>\n