{"id":678449,"date":"2025-12-25T00:00:00","date_gmt":"2025-12-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=678449"},"modified":"2025-12-26T12:42:47","modified_gmt":"2025-12-26T12:42:47","slug":"how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/","title":{"rendered":"How off-balance-sheet financing is masking the true cost of the AI boom"},"content":{"rendered":"

The international business press won\u2019t shut up about the prospects of an A<\/strong>I bubble and investors\u2019 concerns around the \u201ccircular\u201d nature of AI. <\/strong>Now, analysis by the Financial Times<\/a> shows AI\u2019s debt problem is even bigger than we thought. <\/p>\n

Tech groups have shifted more than USD 120 bn of AI data-center financing off their balance sheets<\/strong> via special-purpose vehicles (SPVs) funded by outside investors, the FT reports. Oracle makes up just about two-thirds of that. <\/p>\n

Who\u2019s footing the bill? <\/strong>Private-credit heavyweights including Pimco, BlackRock, Apollo, and Blue Owl have supplied tens of bns into these structures, binding private markets more tightly to the trajectory of AI infrastructure demand, the salmon-colored paper said.<\/p>\n

The rationale: <\/strong>SPVs bankroll capital-hungry data centers while keeping the borrowing off corporate balance sheets, protecting their credit ratings and financial metrics. If demand disappoints, losses land with investors \u2014 not the tech firms themselves. <\/p>\n

The concern now is not only what would happen to Big Tech if things go awry<\/strong>, but how far-reaching the consequences would be on financial markets. <\/p>\n

This is no small-bore financial engineering: <\/strong>Morgan Stanley estimates AI infrastructure buildout could require USD 1.5 tn in external financing. UBS says tech firms had already tapped USD 450 bn from private funds by early 2025 \u2014 USD 100 bn more than a year earlier.<\/p>\n

OpenAI alone has committed more than USD 1.4 tn <\/strong>in long-term computing contracts across the sector, creating correlated tenant risk if a single major customer stumbles, especially when multiple lenders fund multiple projects tied to the same few buyers.<\/p>\n

** We <\/strong>broke down<\/a><\/strong> how AI investment has been running on a self-reinforcing loop<\/strong> in Planet Finance last week, explaining how Big Tech funds startups that then pay the same firms for cloud and compute. Off-balance-sheet SPVs don\u2019t break that loop; they let it scale with fewer visible stress signals.<\/p>\n

(** Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EGX30<\/strong> <\/p>\n<\/td>\n

\n

41,508<\/p>\n<\/td>\n

\n

+0.2% (YTD: +39.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CBE) <\/strong><\/p>\n<\/td>\n

\n

Buy 47.52<\/p>\n<\/td>\n

\n

Sell 47.66<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CIB) <\/strong><\/p>\n<\/td>\n

\n

Buy 47.54<\/p>\n<\/td>\n

\n

Sell 47.64<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Interest rates (CBE)<\/strong><\/p>\n<\/td>\n

\n

21.00% deposit<\/p>\n<\/td>\n

\n

22.00% lending<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Tadawul <\/strong><\/p>\n<\/td>\n

\n

10,541<\/p>\n<\/td>\n

\n

-0.5% (YTD: -12.4%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

ADX <\/strong><\/p>\n<\/td>\n

\n

10,038<\/p>\n<\/td>\n

\n

-0.2% (YTD: +6.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

DFM <\/strong><\/p>\n<\/td>\n

\n

6,164<\/p>\n<\/td>\n

\n

+0.0% (YTD: +19.5%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P 500 <\/strong><\/p>\n<\/td>\n

\n

6,932<\/p>\n<\/td>\n

\n

+0.3% (YTD: +17.9%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

FTSE 100 <\/strong><\/p>\n<\/td>\n

\n

9,870<\/p>\n<\/td>\n

\n

-0.2% (YTD: +20.8%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Euro Stoxx 50 <\/strong><\/p>\n<\/td>\n

\n

5,746<\/p>\n<\/td>\n

\n

-0.1% (YTD: +17.4%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Brent crude <\/strong><\/p>\n<\/td>\n

\n

USD 62.24<\/p>\n<\/td>\n

\n

-0.2%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Natural gas (Nymex) <\/strong><\/p>\n<\/td>\n

\n

USD 4.24<\/p>\n<\/td>\n

\n

-3.8%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Gold <\/strong><\/p>\n<\/td>\n

\n

USD 4,502<\/p>\n<\/td>\n

\n

-0.01%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

BTC <\/strong><\/p>\n<\/td>\n

\n

USD 87,574<\/p>\n<\/td>\n

\n

-0.1% (YTD: -6.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P Egypt Sovereign Bond Index<\/strong><\/p>\n<\/td>\n

\n

986.21<\/p>\n<\/td>\n

\n

+0.2% (YTD: +26.8%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P MENA Bond & Sukuk<\/strong><\/p>\n<\/td>\n

\n

151.52<\/p>\n<\/td>\n

\n

-0.1% (YTD: +8.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n

\n

13.47<\/p>\n<\/td>\n

\n

-3.8% (YTD: -22.4%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

\n

THE CLOSING BELL-<\/p>\n

The EGX30 rose 0.2% at yesterday\u2019s close<\/strong> on turnover of EGP 5.5 bn (2.0% above the 90-day average). Regional investors were the sole net sellers. The index is up 39.6% YTD.<\/p>\n

In the green: <\/strong>Raya Holding (+4.3%), Rameda (+2.2%), and Misr Cement (+1.5%).<\/p>\n

In the red: <\/strong>Egypt Aluminum (-1.5%), Qalaa Holdings (-1.3%), and Orascom Construction (-1.3%).<\/p>\n","protected":false},"excerpt":{"rendered":"

Big Tech has pushed over USD 120 bn of AI data-center debt off its balance sheets via SPVs<\/p>\n","protected":false},"author":1,"featured_media":678450,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7210],"tags":[8540,72,119,122,7448,12425],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-678449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-planet-finance","tag-artificial-intelligence","tag-enterpriseam","tag-financial-markets","tag-planet-finance","tag-tech","tag-waha-capital","wpautop","entry"],"acf":{"mongo_id":"d873f0c1-9e97-48b8-b64c-c0e93d00a130","order":"10","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/12\/1237.jpg","photo_position":"above","homepage_title":"","full_issue_title":"How off-balance-sheet financing is masking the true cost of the AI boom","related_issue":[678433],"teaser":"Big Tech has pushed over USD 120 bn of AI data-center debt off its balance sheets via SPVs"},"yoast_head":"\nHow off-balance-sheet financing is masking the true cost of the AI boom - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How off-balance-sheet financing is masking the true cost of the AI boom\" \/>\n<meta property=\"og:description\" content=\"Big Tech has pushed over USD 120 bn of AI data-center debt off its balance sheets via SPVs\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-25T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-26T12:42:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1237.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"How off-balance-sheet financing is masking the true cost of the AI boom\",\"datePublished\":\"2025-12-25T00:00:00+00:00\",\"dateModified\":\"2025-12-26T12:42:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/\"},\"wordCount\":462,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1237.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Artificial intelligence\",\"EnterpriseAM\",\"Financial Markets\",\"Planet Finance\",\"TECH\",\"Waha Capital\"],\"articleSection\":[\"PLANET FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/\",\"name\":\"How off-balance-sheet financing is masking the true cost of the AI boom - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1237.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-12-25T00:00:00+00:00\",\"dateModified\":\"2025-12-26T12:42:47+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1237.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1237.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How off-balance-sheet financing is masking the true cost of the AI boom\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How off-balance-sheet financing is masking the true cost of the AI boom - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/","og_locale":"en_US","og_type":"article","og_title":"How off-balance-sheet financing is masking the true cost of the AI boom","og_description":"Big Tech has pushed over USD 120 bn of AI data-center debt off its balance sheets via SPVs","og_url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2025-12-25T00:00:00+00:00","article_modified_time":"2025-12-26T12:42:47+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1237.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"How off-balance-sheet financing is masking the true cost of the AI boom","datePublished":"2025-12-25T00:00:00+00:00","dateModified":"2025-12-26T12:42:47+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/"},"wordCount":462,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1237.jpg?fit=%2C&ssl=1","keywords":["Artificial intelligence","EnterpriseAM","Financial Markets","Planet Finance","TECH","Waha Capital"],"articleSection":["PLANET FINANCE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/","url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/","name":"How off-balance-sheet financing is masking the true cost of the AI boom - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1237.jpg?fit=%2C&ssl=1","datePublished":"2025-12-25T00:00:00+00:00","dateModified":"2025-12-26T12:42:47+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1237.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1237.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/25\/how-off-balance-sheet-financing-is-masking-the-true-cost-of-the-ai-boom\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"How off-balance-sheet financing is masking the true cost of the AI boom"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1237.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1237.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2025\/12\/1237.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":685122,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/under-construction-data-centers-tap-ratings-to-fund-ai-buildup\/","url_meta":{"origin":678449,"position":0},"title":"Under-construction data centers tap ratings to fund AI buildup","author":"enterpriseam admin","date":"24 February 2026","format":false,"excerpt":"Developers are securing investment-grade ratings to unlock new pools of capital","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/2\/1414.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":682253,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/06\/ai-may-be-engineering-its-own-bust\/","url_meta":{"origin":678449,"position":1},"title":"AI may be engineering its own bust","author":"enterpriseam admin","date":"6 January 2026","format":false,"excerpt":"Morgan Stanley predicts AI infrastructure investment needs will keep US inflation above the Federal Reserve\u2019s 2% target through the end of 2027","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/1\/134.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":678595,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/18\/wonder-why-markets-are-edgy-about-the-circular-nature-of-ai-investing-weve-got-the-rundown\/","url_meta":{"origin":678449,"position":2},"title":"Wonder why markets are edgy about the \u201ccircular nature\u201d of AI investing? We\u2019ve got the rundown.","author":"enterpriseam admin","date":"18 December 2025","format":false,"excerpt":"Yesterday\u2019s market selldown is all about the \u201ccircular nature\u201d of AI. Here\u2019s what that means for the normies among us.","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/12\/915.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568268,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/23\/what-the-markets-are-doing-on-23-december-2020\/","url_meta":{"origin":678449,"position":3},"title":"What the markets are doing on 23 December 2020","author":"enterpriseam admin","date":"23 December 2020","format":false,"excerpt":"GAME CHANGER for US capital markets- The US has given the green light to direct listings on the New York Stock Exchange in a move that will surely cut into the feel wallets allocated to investment banks across the pond, the Financial Times writes.iSheep have plenty to chew over today,\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572275,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/17\/shrugging-off-debt-relief-initiatives-developing-countries-continue-tapping-global-debt-markets-to-plug-covid-19-financing-needs\/","url_meta":{"origin":678449,"position":4},"title":"Shrugging off debt relief initiatives, developing countries continue tapping global debt markets to plug covid-19 financing needs","author":"enterpriseam admin","date":"17 June 2020","format":false,"excerpt":"Shrugging off debt relief initiatives, developing countries continue tapping global debt markets to plug covid-19 financing needs: Developing countries are piling on more debt to finance the deficits they face as a result of the covid-19 pandemic, rather than opting for potential restructuring of their existing debts, according to the\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/6\/191.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577128,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/10\/the-developing-world-takes-center-stage-on-cop27-finance-day\/","url_meta":{"origin":678449,"position":5},"title":"The developing world takes center stage on COP27 Finance Day","author":"enterpriseam admin","date":"10 November 2022","format":false,"excerpt":"The theme for Finance Day at COP27 was clear: The world needs to scale up climate financing to developing countries \u2014 and do it fast. Finance Minister Mohamed Maait was a persistent and passionate preacher on behalf of African and other emerging markets during many of yesterday\u2019s sessions, calling for\u2026","rel":"","context":"In "COP WATCH"","block_context":{"text":"COP WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/cop-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/169.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\/678449","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=678449"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/678449\/revisions"}],"predecessor-version":[{"id":678723,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/678449\/revisions\/678723"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/678433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/678450"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=678449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=678449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=678449"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=678449"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=678449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}