Here’s what we’re tracking today
Unlocking solar at Abu Zenima
USD 520 mn guarantee facility | Egytrans opens the books to AGL | USD corporate card
Tuesday, 28 July 2026
Solar revival
Renewables take the lead today. Karm Holding is investing up to USD 10 mn to build a solar microgrid in South Sinai’s long-stalled Abu Zenima industrial zone. This project will finally unlock the region's massive mining and industrial potential.

Today at a Glance
Podcasts
Morning Drive is your daily download of the essential headlines shaping Egypt. Hosted by ‘Synthetic Salma’ — an AI-powered version of Executive Editor Salma El-Saeed.
Listen on: Apple Podcasts | Spotify
Investment Watch
M&A Watch
Explore EnterpriseAM for your industry
A close look at key activities driving headlines across industries
Privatization Watch
State IPOs are gearing up for 4Q trading debut
Four more state-owned companies are looking to list in July,…
House signs off on FY 2026/27 budget, but demands macro reality check
Good morning, ladies and gents. It’s a quieter morning as Egypt continues to ride high from yesterday’s knockout performance at the World…
Newsmakers
Coffee With Tamer El Raghy on bringing climate-smart agriculture to Egypt
El Raghy talks to us about ARAF’s first push into North Africa and moving Egypt from raw crops to branded goods
My Morning Routine
Chinese smartphone component makers eye Egypt entry
Plus: Beltone earns financial governance certification, launches AML compliance process
Spotlight
Regulation
Legislation Watch
Parliament moves to shield healthcare and research from nuclear fee hikes
Amendments create a clearer distinction between commercial nuclear ventures and…
Regulation Watch
A legal opinion favoring the FRA has debt collectors moving to register before a ruling lands
Only two firms have registered so far and 30 applications…
Cabinet Watch
Garghoub is now a Special Economic Zone — here is what that means for investors
Plus: A major overhaul at GOEIC to slash customs times
Ittihadiya
Sisi inaugurates Octagon, unveils comprehensive economic program
El Sisi gave us a glimpse into Egypt’s post-IMF future
Startup Watch
Fincart closes USD 2.8 mn seed round
The e-commerce operations startup wants physical presence in new markets by 2027
Meet our Founder of the Month: Arise Media’s Amall Askar
“My interest in AI began as a solution to a production problem I’d been…
Meet our Founder of the Month: Muncai’s Mostafa Sedky
Muncai is a world-class physiotherapy center in ZED Park that combines German expertise with…
Industries
Banking
CIB’s net income rose 29% y-o-y in 2Q 2026 and posted its strongest-ever quarterly local-currency deposit haul
New-to-bank customers are up 35% as CIB’s digital push starts…
Finance
Trump’s 2027 minerals deadline runs into US supply reality
Trump’s plan to end US reliance on Chinese critical minerals…
Capital Markets
EGX closed up 11.4% in 2Q, and down 4.12% in June
Local institutions and individual buyers led the rally, as regional…
Fintech
The apps reshaping how we manage money
Today, users can invest in stocks, gold, or money market…
Climate
Egypt has put a number on how climate change could hit public finances
Good morning, friends, and happy long weekend. It’s been a…
Automotive
Imported cars are facing an unofficial squeeze ahead of a formal tariff coming by end-August
The squeeze shows that Cairo wants cars built here, not…
Commodities
Wheat dodged Hormuz, but summer crops face the input crunch
Analysts agree this season’s wheat is secure, but differ on…
Tech
How corporate AI mandates burned through budgets, gutted teams, and left little to show for it
The era of the blank check for enterprise AI is…
Energy
Two Tamar partners sign non-binding MoU for up to USD 20 bn to send Egypt more gas from 2031
The full 80 bcm — and the USD 20 bn…
Infrastructure
Karm Holding is planning to build a solar microgrid to unlock South Sinai's stalled industrial zone
The system should cut tenant factories’ energy costs by 30-60%…
Manufacturing
China’s Sany is putting USD 300 mn behind Egypt’s first wind turbine factory
The factory’s first output would feed a new 1 GW…
Mining
Inside the Eastern Desert concession testing Egypt’s mining ambitions
Egypt hopes to launch an international tender for gold and…
Monday, 27 July 2026
Good afternoon, folks,
and happy Monday. It’s a relatively calm day, and we’ve got a brisk issue for you this afternoon. First, we compiled the best business advice Egypt’s entrepreneurs have shared with us over the years — the real stuff, not the polished version. And if you’re looking for something to watch tonight, Apple TV’s Lucky has been sitting there waiting to be discovered. Anya Taylor-Joy, a criminal past unraveling at the worst possible moment, and a brilliant show that somehow very few are talking about. That and more.

Today at a Glance
Thursday, 23 July 2026
Good morning, friends, and happy long weekend.
Today’s issue may or may not have taken on an Odyssey theme entirely by accident: we have Christopher Nolan’s The Odyssey at the cinema, Margaret Atwood’s The Penelopiad on the shelf, a guide to water activities in Cairo for anyone whose own epic journey this weekend doesn’t extend beyond the city, and a café in Alexandria for those passing through on the way to Sahel. We also pay tribute to the late Hany Shenouda.

