{"id":690472,"date":"2026-03-29T00:00:00","date_gmt":"2026-03-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=690472"},"modified":"2026-03-29T13:17:50","modified_gmt":"2026-03-29T13:17:50","slug":"israel-extends-gas-state-of-emergency-war-fallout-weighs-on-egypts-gdp","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/03\/29\/israel-extends-gas-state-of-emergency-war-fallout-weighs-on-egypts-gdp\/","title":{"rendered":"Israel extends gas state of emergency + war fallout weighs on Egypt's GDP"},"content":{"rendered":"

Good afternoon, friends, and welcome to your first full workweek in\u2026 well, a while.<\/strong> The week seems to be off to a rainy start, but nothing the past few days haven\u2019t already prepared us for. Moreover, it\u2019s a busy afternoon in the press, and we\u2019ve got a bit of a packed issue for you this afternoon. <\/p>\n

In today\u2019s issue<\/strong>, we take a look at how Egypt\u2019s cement sector found its global edge, break down everything you need to know about this year\u2019s AUC Tahrir CultureFest, and check out the new Peaky Blinders movie to see if it stuck the landing. Without further ado, let\u2019s dive in. <\/p>\n

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

\ud83d\udccd Israel has extended its natural gas state of emergency <\/strong>\u2014 originally imposed on 28 February \u2014 until 15 April.<\/strong> This extension maintains the precautionary shutdowns of the Chevron-operated Leviathan and Karish gas fields amid the ongoing US-Israel-Iran war, Mees<\/a> reports, after previously noting<\/a> that a Leviathan resumption would come \u201csoon.\u201d<\/p>\n

The continued suspension is expected to exacerbate regional shortages<\/strong> as Egypt begins implementing austerity measures<\/a> that took effect yesterday, including earlier closing hours, reduced public lighting, and a temporary halt to diesel-intensive projects.<\/p>\n

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Egypt\u2019s real GDP growth is now projected at 4.9% in FY 2025-26<\/strong>, down from a previous 5.2% forecast, according to a report<\/a> from Fitch Solutions\u2019 research arm BMI, as the fallout from the regional conflict weighs on consumption, investment, and net exports. Growth for FY 2026-27 was also revised down to 5.2% from 5.4%, reflecting a weaker starting point. Despite the downgrade, both figures remain above Egypt\u2019s recent historical averages and would still mark the strongest expansion since FY 2021-22.<\/p>\n

^^ We\u2019ll have more on both stories in tomorrow\u2019s edition of EnterpriseAM. <\/p>\n

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

\ud83c\udf10 It\u2019s another busy afternoon in the global press, with the US-Israel-Iran <\/strong>war continuing to dominate the news cycle.<\/strong> Yemen\u2019s Houthis fired a second wave of missiles and drones at southern Israel, after the Iran-backed militia joined the war on Saturday morning with a missile launch at Israel. Meanwhile, Iran\u2019s parliament speaker Mohammad Bagher Ghalibaf said the country is waiting for a US ground invasion to \u201crain fire\u201d upon troops. Some 3.5k additional US troops have landed in the region.<\/p>\n

^^ Read more on: BBC<\/a>, Bloomberg<\/a>, CNN<\/a>, and the Financial Times<\/a>.<\/p>\n

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