{"id":710442,"date":"2026-06-15T00:00:00","date_gmt":"2026-06-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=710442"},"modified":"2026-06-15T02:46:06","modified_gmt":"2026-06-15T02:46:06","slug":"transport-ministry-to-reject-ad-ports-sweetened-mto-for-alex-containers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/15\/transport-ministry-to-reject-ad-ports-sweetened-mto-for-alex-containers\/","title":{"rendered":"Transport Ministry to reject AD Ports\u2019 sweetened MTO for Alex Containers"},"content":{"rendered":"

Good morning, ladies and gents.<\/strong> In our big story today we look at the latest win for our automotive localization efforts \u2014 Chinese luxury EV maker Rox Global will start manufacturing what is set to be the first locally-made luxury EV under an equity shareholder with Ezz El Arab Elsewedy Investments. <\/p>\n

Egypt is cementing its status as the East Med\u2019s premier energy middleman<\/strong>, striking a new agreement with ExxonMobil and QatarEnergy to receive, process, and re-export gas from Cyprus\u2019s Pegasus and Glaucus fields.<\/p>\n

From the Med to China:<\/strong> We take a deep dive into China\u2019s recent extension of its local-currency swap line with us for three more years, lifting the ceiling to CNY 30 bn. This gives us a buffer, but won't fix our massive trade deficit with Beijing.<\/p>\n

BUT FIRST- A tip of the hat this morning to the Egyptian chief marketing officers who <\/strong>made <\/strong>Forbes Middle East\u2019s 2026 list of most influential CMOs. <\/strong>Longtime friends of EnterpriseAM are peppered across the list, including some of our favourite people: May El Gammal<\/strong> (EFG Holding), Romany Hafez<\/strong> (CIB), Hassan El Sada<\/strong> (Beltone), and Ghada Hammouda<\/strong> (Qalaa Holdings). Among our friends from the UAE represented are Muna Al Ghurair <\/strong>(Mashreq) and Suad Merchant <\/strong>(GEMS Education). <\/p>\n

Also making the list from Omm El Donia:<\/strong> Abdelazim Osman (Nawy), Ahmed Imbabi (E& Egypt), Ahmed Negm (Elsewedy Electric), Ayman Zahran (TMG), Dina Abou Taleb (National Bank of Egypt), Dina Atallah (Al Ahly Sabbour Developments), Fatma El Goully (Banque Misr), Gehan ElGoly (HDB), Mohamed Eid Soliman (Pickalbatros Hotels & Resorts), Nour Elzeny (Suez Canal Bank), Passant Fouad Ismail (Valmore Holding). Yosra Ebeidy (El Gouna \/ ODE)<\/p>\n

You can tap or click here to explore<\/a><\/strong> the full list. <\/strong><\/p>\n

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

ARE YOU MORE OF A LISTENER?<\/a><\/strong>Morning Drive is a 10-minute summary<\/a> of today\u2019s issue crafted for you to enjoy with your morning coffee, while getting the kids ready for school, or driving through the morning rush. And if you like it, tell your friends to tell their friends. They can find us on <\/strong>Apple<\/a><\/strong>, <\/strong>Spotify<\/a><\/strong>, or wherever they get their podcasts.<\/strong><\/p>\n

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

Holding tight<\/p>\n

<\/a> EXCLUSIVE<\/strong>- The Transport Ministry is set to reject AD Port\u2019s mandatory tender offer to acquire up to 90% of Alexandria Cont<\/strong>ainer and Cargo Handling (ALCN)<\/strong>, a senior government official tells EnterpriseAM. The Emirati port operator \u2014 bidding through its subsidiary Black Caspian Logistics \u2014 offered EGP 27.47 per share last week<\/a> to consolidate its control over the local maritime operator. The newly submitted offer will be presented at an upcoming ALCN board meeting, pending the receipt of an official decision from the state-owned Holding Company for Maritime and Land Transport, the official says.<\/p>\n

The state is holding the line:<\/strong> The Abu Dhabi wealth fund ADQ-owned AD Ports has recently sweetened its bid by 19.5% from an initial EGP 22.99 per share offer submitted late last year<\/a>, attempting to consolidate the 51.33% indirect majority it has built in the company since 2022<\/a>. But the government \u2014 which controls a combined 42.9% blocking stake of ALCN through the Holding Company for Maritime and Land Transport (35.3%) and the Alexandria Port Authority (7.6%) \u2014 is refusing to hand over the keys of its lucrative Mediterranean gateway asset.<\/p>\n

\n

FRA gives teeth to court rulings<\/p>\n

<\/a> The Financial Regulatory Authority (FRA) launched a new system to enforce final court and arbitration rulings on unlisted securiti<\/strong>es held at the central depository<\/strong>, the authority said in a statement<\/a>. The decision is meant to fix a long-running market bottleneck where mandatory orders forcing the sale or transfer of these financial instruments stalled out due to the lack of a clear execution pipeline.<\/p>\n

How it works:<\/strong> The prevailing party hands their final ruling or arbitration award to Misr for Central Clearing, Depository, and Registry (MCDR), alongside proof of notification to the losing party, evidence of payment (if required), and all necessary regulatory approvals. MCDR reviews the paperwork, gives the EGX one week to flag any issues, and finally moves the securities and settles the funds where required.<\/p>\n

SOUND SMART-<\/strong> Unlisted securities are shares or other papers that do not trade on the main stock exchange but still need an official system to change hands. This includes shares of companies that left the EGX but kept their records at MCDR or other private shares that rely on official market infrastructure. Because they are not publicly listed, these shares do not have daily price limits, index tracking, or regular opening and closing bells.<\/p>\n

Why it matters<\/strong>:<\/strong> The decision finally adds teeth to the specialized dispute-resolution system the FRA has been building for non-bank financial markets. Last year<\/a>, former FRA head Mohamed Farid argued that Egypt doesn\u2019t need new capital-market courts \u2014 it can utilize existing economic courts and the Egyptian Center for Arbitration and Settlement of Non-Banking Financial Disputes (ECAS). ECAS offers a fast-track arbitration route for financial disputes, Executive Director Marian Kaldas<\/a> explained to us in 2024. Now, current FRA boss Islam Azzam is closing the loop, ensuring those hard-won judicial rulings actually result in shares changing hands.<\/p>\n

\n

No more waiting<\/p>\n

<\/a> The Mineral Resources<\/strong> and Mining Industries Authority (MRMIA) launched its first-ever open-sector mining expl<\/strong>oration bid round on 10 June<\/strong>, replacing the old single-deadline system with a rolling application window for various minerals, the authority said in a statement<\/a> last week. <\/p>\n

Here\u2019s how it works:<\/strong><\/p>\n