{"id":685107,"date":"2026-02-24T00:00:00","date_gmt":"2026-02-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/"},"modified":"2026-03-11T10:13:35","modified_gmt":"2026-03-11T10:13:35","slug":"the-new-capital-could-soon-be-renamed-memphis","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/","title":{"rendered":"The New Capital could soon be renamed Memphis"},"content":{"rendered":"

Good morning, frien<\/strong>ds.<\/strong> Today\u2019s issue is led with a first look at the draft budget for the next fiscal year, which signals a shift toward recovery with projected revenues surpassing EGP 3.5 tn and an ambitious goal to trim the deficit to 4.9%. Also in macro news, First Abu Dhabi Bank\u2019s 2026 outlook describes Egypt and the GCC as benefiting from \u201cstrengthening macroeconomic and credit fundamentals\u201d \u2014 a sharp contrast to the US and Europe, where they are facing a deepening risk that a \u201cstagflationary environment may evolve.\u201d<\/p>\n

Also catching our attention is the government fronting EGP 8 bn to upgrade Damietta Port to make it <\/strong>tender-ready for international investors<\/strong>, a major digital overhaul in the mining sector as gold exploration contracts go paperless, the final countdown to the Egypt-Saudi electricity interconnection, which is set to go live \u201cin the coming weeks,\u201d and much, much more.<\/p>\n

So, when do we eat?<\/strong> Maghrib prayers are at 5:50pm in the capital, and you\u2019ll have until 4:59am tomorrow to hydrate and caffeinate ahead of fajr.<\/p>\n

***<\/strong><\/p>\n

WISH THIS MORNING\u2019S ISSUE was a podcast? We\u2019ve got you. Tap or click here<\/a><\/strong> to listen to Morning Drive, a 10-minute version of today\u2019s issue crafted for you to enjoy with your morning coffee, while getting the kids ready for school, or while stomping around the house wondering where the [redacted] you left your [redacted] reading glasses<\/strong>.
***<\/strong><\/p>\n

Watch this space<\/p>\n

LEGISLATION \u2014 The House is considering a new legislative framework that<\/strong> would grant the New Capital a unique statutory status and potentially a new name: Memphis.<\/strong> The move aims to formalize the city\u2019s role as the nation\u2019s political and administrative heart following the full transfer of the government, House of Representatives, and judicial bodies to the new site.<\/p>\n

What\u2019s the change?<\/strong> Under the draft Local Administration Law submitted by MP Mohamed El Fayoumi, the city would be established as a \u201cdistrict of a special nature\u201d within the Cairo Governorate to get around the constitutional requirement of having Cairo as the capital. The proposal would also see the New Capital governed by a presidential appointee with the rank of minister, who would manage the city alongside a board of trustees, providing the executive flexibility required for its oversight.<\/p>\n

Why it matters:<\/strong> Currently, the city operates largely under the management of the Administrative Capital for Urban Development. Formalizing its status under the proposed Local Administration Law would clearly delineate how the city integrates with the broader Cairo Governorate while maintaining its administrative independence. It would also provide the constitutional and regulatory ground for the city to function as the permanent capital of the republic, moving beyond its current status as a new urban community.<\/p>\n

\n

\n

<\/a> MINING \u2014 The<\/strong> Oil Ministry is <\/strong>developing a new digital platform for<\/strong> gold exploration contracts <\/strong>to move away from the traditional, area-specific bidding process, a senior government official tells EnterpriseAM. The new system aims to simplify the entry process for international mining firms by eliminating the need for periodic auctions with all the steps they involve \u2014 such as getting a booklet, securing a spot in the tender, and the exorbitant ins. fee required.<\/p>\n

Why it matters:<\/strong> The shift from sporadic bidding rounds to a simplified electronic system marks a major attempt to reduce the bureaucratic friction that has historically slowed down Egypt\u2019s mining sector. And the state is going to speed up mining activity if it hopes to get close to meeting its target of raising the mining sector\u2019s share of GDP to 5-6%<\/a> from less than 1% currently.<\/p>\n

What\u2019s next? <\/strong>The platform is expected to launch following the completion of a national aerial survey for minerals and the amendment of the Egyptian Mineral Resources Authority\u2019s regulatory structure to allow for the issuance of new exploitation licenses, our source tells us. The ministry has already identified Al Baramiya, Anoud, and Fatiri in the Eastern Desert, and Umm Al Rus and Wadi Mubarak in Marsa Alam as regions that will be among the first offered under the new contracting system.<\/p>\n

\n

\n

<\/a> INFRASTRUCTURE \u2014 The 3 GW Egypt-Saudi electricity<\/strong> interconnection<\/strong> project moved into its final testing phase<\/strong>, with Electricity Minister Mahmoud Esmat announcing<\/a> that operations are set to begin \u201cwithin the coming weeks.\u201d This timeline provides the most specific official window to date for the interconnection project<\/a> that serves as the cornerstone of Egypt\u2019s ambition to become a regional energy hub. <\/p>\n

Why this matters: <\/strong>By linking up the two grids, both countries can capitalize on different peak demand hours, allowing for a more efficient exchange of surplus power and reducing both fuel consumption and the resulting drain on the public purse.<\/p>\n

\n

\n

IPO <\/strong>WATCH <\/strong>\u2014 Homegrown <\/strong>Copad Pharma<\/a><\/strong> is looking to list 30% of its shares <\/strong>on the EGX by 4Q<\/strong>, Chairman Ahmed Hosny told Al Borsa<\/a>. The pharma player is looking to raise EGP 3 bn from the offering, which will fuel expansion plans.<\/p>\n

\n
\n
\n
\n

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

** DID YOU KNOW that we cover <\/strong>Saudi Arabia<\/a><\/strong>, the <\/strong>UAE<\/a><\/strong> and the <\/strong>MENA-India<\/a><\/strong>Corridor<\/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

\n

Happening tomorrow <\/p>\n

The IMF\u2019s <\/strong>Executive Board will meet tomorrow to discuss greenlighting the release<\/strong> of USD 2.3 bn into state coffers <\/strong>from the combined fifth and sixth reviews of the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility. <\/p>\n

The USD 2 bn from the EFF and nearly USD 300 mn under the climate-linked facility<\/strong> follow a markedly more positive outlook on the country from the Fund<\/strong> after it reached a staff-level agreement for the reviews. IMF Managing Director Kristalina Georgieva has commended<\/a> the government\u2019s \u201cseriousness\u201d and progress on reforms despite political and economic difficulties.<\/p>\n

But that doesn\u2019t mean the IMF doesn\u2019t want to see more progress moving forward<\/strong>, with the upcoming seventh review, likely to be held in late April or May, set to hinge on the acceleration of the state privatization program and further budget consolidation, a source familiar with Egypt\u2019s negotiations with the Fund has previously told EnterpriseAM.<\/p>\n

\n

Data point<\/p>\n

<\/a>USD 41.5 bn \u2014 these are the total remittances Egyptians abroad sent home <\/strong>in 2025<\/strong>, a 40.5% y-o-y increase, according to a statement<\/a> from the central bank. The uptick follows the death of the parallel market that had absorbed remittance flows and diverted them away from official channels before the float of the EGP in 2024.<\/p>\n

This uptick ca<\/strong>n be linked to exchange rate stability and monetary discipline<\/strong>, making bank transfers more attractive than unofficial channels for Egyptian expatriates looking to send money back home, EG Bank Board Member Mohamed Abdel Aal tells EnterpriseAM.<\/p>\n

How to sustain the trend?<\/strong> Abdel Aal highlighted three key factors to ensure continued inflows: exchange rate stability and clear monetary policies, a reduction in digital transfer costs, and continued strong demand for Egyptian labor abroad.<\/p>\n

\n

\n

<\/a> <\/p>\n

\n

\n

\n

PSA-<\/p>\n

WEATHER- It\u2019s another sunny and cool day in Cairo today<\/strong>, with a high of 21\u00b0C and a low of 11\u00b0C, according to our favorite weather app.<\/p>\n

The sun is also out in Alexandria with the odd cloud<\/strong>, with a high of 19\u00b0C and a low of 11\u00b0C.<\/p>\n

\n

The big story abroad<\/p>\n

The massi<\/strong>ve tech selloff is once again making waves<\/strong> in the global press. <\/strong>IBM is the latest victim of the AI scare, ending yesterday down 13.2%<\/a> \u2014 its most drastic dip in 25 years \u2014 after Anthropic claimed its Claude Code offering could automate much of the work done by solutions currently provided by the tech giant.<\/p>\n

The \u201csell first and ask questions later\u201d trend <\/strong>was exacerbated<\/a><\/strong> in part by a bearish report<\/a> from an obscure firm called Citrini Research, whose hypothetical scenario predicted a serious threat posed by AI advancement to food delivery services and credit card companies. Other disconcerting predictions made by the report included mass unemployment for white-collar workers.<\/p>\n

Keeping investors spooked <\/strong>are comments<\/a> made by Franklin Templeton Investments CEO Jenny Johnson, who told the Financial Times, \u201cyou really have to question if enterprise software companies can thrive\u201d in light of new AI models.<\/p>\n

CLOSER TO HOME- Stablecoin for Gaza? <\/strong>The Gaza Board of Peace is looking to roll out a stablecoin in Gaza, allowing Palestinians in the strip to transact digitally, the Financial Times<\/a> reports, citing five people it says are familiar with the discussions. The proposed currency is expected to be pegged to the USD and will not become a new Palestinian currency, the sources said.<\/p>\n

<\/p>\n

*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> EnterpriseAM\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p>\n

In today\u2019s issue: <\/strong>We look at how access to industrial licenses is now increasingly tied to whether a project can shoulder part of its own electricity load and do it using renewables.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, friends. Today\u2019s issue is led with a first look at the draft budget for the next fiscal year, which signals a shift toward recovery with projected revenues surpassing EGP 3.5 tn and an ambitious goal to trim the deficit to 4.9%. Also in macro news, First Abu Dhabi Bank\u2019s 2026 outlook describes Egypt […]<\/p>\n","protected":false},"author":1,"featured_media":685108,"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":[7204],"tags":[7127,72,274,3807,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-685107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-acud","tag-enterpriseam","tag-house-of-representatives","tag-new-capital","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"40fb8b30-b607-4144-8e69-754e43c9a302","order":"2","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2026\/2\/1421.jpg","photo_position":"above","homepage_title":"","full_issue_title":"The New Capital could soon be renamed Memphis","related_issue":[685105],"teaser":""},"yoast_head":"\nThe New Capital could soon be renamed Memphis - 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\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The New Capital could soon be renamed Memphis\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends. Today\u2019s issue is led with a first look at the draft budget for the next fiscal year, which signals a shift toward recovery with projected revenues surpassing EGP 3.5 tn and an ambitious goal to trim the deficit to 4.9%. Also in macro news, First Abu Dhabi Bank\u2019s 2026 outlook describes Egypt […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-24T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-11T10:13:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/1421.jpg?fit=%2C&ssl=1\" \/><meta property=\"og:image\" content=\"https:\/\/ent.news\/2026\/2\/1421.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1\" \/>\n\t<meta property=\"og:image:height\" content=\"1\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\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=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"The New Capital could soon be renamed Memphis\",\"datePublished\":\"2026-02-24T00:00:00+00:00\",\"dateModified\":\"2026-03-11T10:13:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/\"},\"wordCount\":1510,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/1421.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ACUD\",\"EnterpriseAM\",\"House of Representatives\",\"NEW CAPITAL\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/\",\"name\":\"The New Capital could soon be renamed Memphis - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/1421.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2026-02-24T00:00:00+00:00\",\"dateModified\":\"2026-03-11T10:13:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/1421.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/2\/1421.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The New Capital could soon be renamed Memphis\"}]},{\"@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":"The New Capital could soon be renamed Memphis - 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\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/","og_locale":"en_US","og_type":"article","og_title":"The New Capital could soon be renamed Memphis","og_description":"Good morning, friends. Today\u2019s issue is led with a first look at the draft budget for the next fiscal year, which signals a shift toward recovery with projected revenues surpassing EGP 3.5 tn and an ambitious goal to trim the deficit to 4.9%. Also in macro news, First Abu Dhabi Bank\u2019s 2026 outlook describes Egypt […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2026-02-24T00:00:00+00:00","article_modified_time":"2026-03-11T10:13:35+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2026\/2\/1421.jpg?fit=%2C&ssl=1","type":"","width":"","height":""},{"url":"https:\/\/ent.news\/2026\/2\/1421.jpg","width":1,"height":1,"type":"image\/jpeg"}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"The New Capital could soon be renamed Memphis","datePublished":"2026-02-24T00:00:00+00:00","dateModified":"2026-03-11T10:13:35+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/"},"wordCount":1510,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/2\/1421.jpg?fit=%2C&ssl=1","keywords":["ACUD","EnterpriseAM","House of Representatives","NEW CAPITAL","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/","url":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/","name":"The New Capital could soon be renamed Memphis - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/2\/1421.jpg?fit=%2C&ssl=1","datePublished":"2026-02-24T00:00:00+00:00","dateModified":"2026-03-11T10:13:35+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2026\/2\/1421.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/2\/1421.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/24\/the-new-capital-could-soon-be-renamed-memphis\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"The New Capital could soon be renamed Memphis"}]},{"@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\/2026\/2\/1421.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2026\/2\/1421.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\/2026\/2\/1421.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":629248,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egp-ytd-in-2018\/","url_meta":{"origin":685107,"position":0},"title":"EGP YTD in 2018","author":"enterpriseam admin","date":"27 May 2018","format":false,"excerpt":"So how\u2019s the EGP faring? Year to date, it looks like this:","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\/2018\/5\/120.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622861,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/15\/what-were-tracking-on-15-october-2018\/","url_meta":{"origin":685107,"position":1},"title":"What we\u2019re tracking on 15 October 2018","author":"enterpriseam admin","date":"15 October 2018","format":false,"excerpt":"** #5 Our friends at Sarwa Capital will ring the bell at the EGX this morning as their shares make their bourse debut, opening at EGP 7.36 each under the ticker SRWA. A stabilization fund is at work for the first month of trading. Beltone was sole global coordinator and\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":652124,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/02\/egp-strengthens-4-to-18-3817-on-thursday\/","url_meta":{"origin":685107,"position":2},"title":"EGP strengthens 4% to 18.3817 on Thursday","author":"enterpriseam admin","date":"2 January 2017","format":false,"excerpt":"The EGP strengthened noticeably on Thursday, rising just over 4% to a market average sell rate of 18.3817 to the greenback from 19.1723 the day before. One day does not a trend make, but we confess to having breathed a sigh of relief.","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":629188,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/what-were-tracking-on-24-may-2018\/","url_meta":{"origin":685107,"position":3},"title":"What we\u2019re tracking on 24 May 2018","author":"enterpriseam admin","date":"24 May 2018","format":false,"excerpt":"We hope you, like us, have had a wonderful week and are looking forward to the second weekend of Ramadan. We are forever grateful for the privilege of writing all of you each morning.Our top three stories this morning are at the intersection of energy and social stability. Sources close\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":561177,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/29\/what-were-tracking-on-29-march-2021\/","url_meta":{"origin":685107,"position":4},"title":"What we\u2019re tracking on 29 March 2021","author":"enterpriseam admin","date":"29 March 2021","format":false,"excerpt":"Good morning, nice people. Mondays are typically the slowest news days of the week, but not so today \u2014 we have plenty going on.IT\u2019S A BIG DAY FOR: Our covid-19 vaccine rollout. Yesterday, we reported that it seems unlikely we\u2019re going to be getting anytime soon the 5 mn 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":651674,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/what-were-tracking-on-19-february-2017\/","url_meta":{"origin":685107,"position":5},"title":"What we\u2019re tracking on 19 February 2017","author":"enterpriseam admin","date":"19 February 2017","format":false,"excerpt":"Keep an eye on the EGP today. The pound is flirting with the EGP 16.00 barrier this morning, with the CBE quoting a 16.0038 \/ 16.1062 buy \/ sell split in its table of average market rates for Thursday. Anecdotal evidence over the weekend suggests to us that small-time USD\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/685107","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=685107"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/685107\/revisions"}],"predecessor-version":[{"id":687551,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/685107\/revisions\/687551"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/685105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/685108"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=685107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=685107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=685107"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=685107"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=685107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}