{"id":688882,"date":"2026-03-18T00:00:00","date_gmt":"2026-03-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=688882"},"modified":"2026-03-18T12:39:22","modified_gmt":"2026-03-18T12:39:22","slug":"beltone-to-launch-fadda-egypts-first-ever-silver-investment-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/18\/beltone-to-launch-fadda-egypts-first-ever-silver-investment-fund\/","title":{"rendered":"Beltone to launch Fadda, Egypt\u2019s first-ever silver investment fund"},"content":{"rendered":"

Good afternoon, friends, and (almost) Eid Mubarak.<\/strong> With Ramadan on its way out and Eid swiftly making its way in, it's likely that we'll be treating ourselves to a little overindulgence this weekend \u2014 and while you should heed the calls of your appetite, it's important to know what you should steer clear of. <\/p>\n

In today's issue:<\/strong> We take a look at the impact of ultra-processed foods on development, unpack a hefty sports schedule, and explore one Palestinian poet's attempt to make sense of tragedy.<\/p>\n

**A QUICK PROGRAMMING NOTE<\/strong>- EnterprisePM is taking a publication holiday in observance of Eid El Fitr, and will be back in your inboxes on Tuesday afternoon. Until then, enjoy the long weekend.<\/p>\n

\ud83c\udf19 So, when do we eat?<\/strong> Maghrib prayers are at 6:05pm in the capital, and you\u2019ll have until 4:33am tomorrow to hydrate and caffeinate ahead of fajr<\/p>\n

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

\ud83d\udccd Beltone Asset Management secured initial FRA approval to launch Fadda, Egypt's first-ever silver investment fund.<\/strong> The fund will offer cumulative daily returns and provides a regulated vehicle for investors to gain exposure to silver at competitive market prices, according to a press release<\/a>.<\/p>\n

Positioned as a strategic tool for portfolio diversification and a hedge against volatility<\/strong>, Fadda introduces a new asset class to the Egyptian landscape, targeting medium- to long-term growth. While the full structural details and investment mechanisms are still under wraps, the subscription window is set to open immediately following Eid El Fitr via Beltone Securities Brokerage.<\/p>\n

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The Finance Ministry is targeting a recalibrated budget deficit of 5.5% for the upcoming FY 2026-2027 draft<\/strong>, a significant drop from the current year\u2019s 7.3% but slightly higher than the 4.9% initially eyed in preliminary circulars due to mounting regional geopolitical pressures, a government source told EnterpriseAM. <\/p>\n

To anchor this consolidation, the state is banking on a record revenue surge to EGP 4 tn <\/strong>\u2014 driven by tax receipts expected to touch the EGP 3 tn mark for the first time \u2014 while capping public expenditures at EGP 4.9 tn through continued energy subsidy cuts and austerity. Even with the belt-tightening, the draft locks in a 4% primary surplus and a redirected social safety net, using fuel subsidy savings to fund a new minimum wage hike and expanded cash transfers as the Cabinet prepares to hand the final draft to the House of Representatives by month\u2019s end.<\/p>\n

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

\ud83c\udf10 In breaking news this afternoon, Israel\u2019s Defense Minister Israel Katz says <\/strong>Iran\u2019s Intelligence Minister Esmail Khatib was killed in an overnight strike.<\/strong> There has been no official confirmation from Iran yet. Katz added in his statement that Israeli Prime Minister Benjamin Netanyahu had authorized the military to assassinate any senior Iranian official without the need for additional approval. Katz also said that Israel is pursuing Iran\u2019s entire leadership, stating: \u201cNo one in Iran has immunity, and everyone is a target.\u201d<\/p>\n

^^Read more on: Bloomberg<\/a>, the Guardian<\/a>, Reuters<\/a>, and the Wall Street Journal<\/a>. <\/p>\n

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