AGP Executive Report

Logistics & Trade: DP World launched Egypt’s first fully integrated Logistics Distribution Centre at Sokhna Logistics Park, signing early agreements with global customers and offering warehousing, customs facilitation, transport coordination and value-added services in the Suez Canal Economic Zone. Industrial Investment: Chaoyang Longmarch broke ground on a new tyre plant in SCZONE, targeting about US$190m investment and around 1,500 direct jobs. SME Finance: Banque du Caire was named “Fastest Growing SME Bank Egypt 2026” by Global Banking & Finance Review Awards, citing growth in SME lending and digital support. Energy & Policy: Egypt’s Cabinet granted “Golden Licenses” worth about US$800m for battery storage projects, while the government also moved to expand clean power supply deals via SCZONE-linked agreements. Capital Markets: Egypt’s EGX extended gains in the latest session, alongside reports of the pound strengthening as the dollar and euro eased. Regional Security (Business Impact): Gulf states are likely to diversify security partnerships after US-Iran talks, with implications for trade routes and regional risk.

Logistics & Trade: DP World launched Egypt’s first integrated Logistics Distribution Centre at Sokhna Logistics Park, with end-to-end services from warehousing and customs facilitation to assembly and inventory management, aiming to cut delivery times and help firms serve local, regional and global markets from one hub. Energy Investment: Egypt’s Cabinet granted “Golden Licenses” worth $800m for two battery energy storage projects in Aswan and Suez, targeting grid stability as solar and wind expand. Capital Markets: The Egyptian Exchange extended gains, with EGX30 up 0.09% and broad participation led by retail investors. Corporate Deals: Genel Energy agreed to buy Capricorn Energy for $360m to gain a foothold in Egypt. IPO Watch: Ahram Security Group is in talks with three investment banks for an EGX IPO of up to 30% in 2027. Trade Performance: Egypt’s exports to trade blocs rose 16.8% YoY to $54.4bn in 2025, led by AFTA and ESCWA. Real Estate Finance: Arady Misr plans Arady Shares, a fractional land investment platform starting from one square metre, pending FRA approval. Commodities: Gold prices in Egypt held steady on July 1, while silver prices climbed.

EGX Rally: Egyptian stocks closed higher on Wednesday as domestic buying pushed EGX30 up 0.09% to a record 50,532.7 points, lifting market cap by about EGP 35bn to EGP 3.714tn. FX Watch: The pound edged up versus the dollar and euro at close, with the dollar around EGP 49.08–49.18 and the euro slightly weaker. Debt Update: Egypt paid $16bn in external debt service in H1 FY2025/26, while external debt stock rose to $163.9bn by Dec 2025; the debt-to-GDP ratio improved to 40.6%. Fuel Pricing: The government will restart the Fuel Automatic Pricing Committee in Q1, with prices set to move based on the established formula amid higher global oil prices. Central Bank Pushback: CBE denied claims of new 25- and 50-piaster and one-pound paper notes, saying no new printing is underway. Logistics Boost: DP World launched Egypt’s first integrated Logistics Distribution Centre at Sokhna, signing early customer agreements. Business & Investment: Maritimo appointed KJM Marine as its exclusive dealer across the GCC and Indian Ocean; BasharSoft backed Egypt’s BrainsMingle with a $400,000 seed. Regional Finance: IMF paved the way for a potential $1.6bn disbursement to Egypt.

Industrial Push: Jotun Egypt says it has invested over $100m in a new plant in 10th of Ramadan City, with exports up more than 50% year-on-year and a push to expand shipments to markets including Libya, Kenya and the US. Sinai Manufacturing: India’s Jai Dadi Group broke ground on a $16m Nile Ferro Alloys plant in SCZONE’s Technology Valley, targeting about 300 direct jobs and output for heavy industry and railway components. State Asset Recovery: Egypt’s IDA-led committee reclaimed industrial land and factory units from non-compliant investors across Cairo and Alexandria, aiming to reallocate idle assets to active operators. Capital Markets: Al Ahly Pharos completed a third securitised bond issuance for Valu worth EGP 744m, in two tranches backed by a receivables portfolio. Energy Cooperation: Egypt’s petroleum minister met Dana Gas to review plans to expand exploration and boost natural gas output in the Nile Delta. IMF Watch: The IMF said it reached staff-level agreement with Egypt on programme reviews that could unlock about $1.6bn. Aviation Links: Riyadh Air added Cairo to its network, launching daily flights with plans to keep expanding regionally and internationally.

IMF Deal Watch: The IMF reached a staff-level agreement with Egypt, paving the way for a $1.6bn disbursement under its loan reviews, as the Fund flags downside risks from tighter global financing and the regional fallout from the war in the Middle East. EGX IPO Pipeline: Egypt’s state IPO push moves ahead as three petroleum-related firms—Enppi, Elab, and PMS—were temporarily listed on the Egyptian Exchange with trading expected in USD, while the government says armed-forces-linked companies won’t be listed this year. Insurance Listing: Misr Insurance Holding approved offering 20% of Misr Life Insurance on EGX, following strong 2025 results and maintained AM Best ratings. Power Supply Assurance: Egypt’s electricity ministry says there will be no summer load shedding and denies rumors of higher household tariffs from July 1, pointing instead to a 20% surcharge on certain high-consumption commercial activities during peak hours. Tourism & Heritage: Egypt’s tourism minister met UNESCO’s chief in Paris to expand cooperation on cultural heritage preservation and sustainable tourism, aiming to boost arrivals from France. Gaza Mediation: Hamas officials arrived in Cairo for ceasefire talks, while the “Board of Peace” said the first tactical vehicles reached the Gaza logistics base as preparations continue for a multinational force. Energy Region Signals: Cyprus, ExxonMobil and QatarEnergy declared Mediterranean gas fields commercially viable, with development planning targeting production in 2033. Corporate Results: PRE Group reported a 337.7% YoY jump in Q1 2026 consolidated profits, underscoring momentum in Egypt’s real estate sector.

IMF Deal: The IMF reached a staff-level agreement with Egypt on the 7th EFF review and the 2nd RSF review, potentially unlocking about $1.6bn (SDR 1.11bn under EFF and SDR 100m under RSF), with officials citing contained spillovers from regional conflict and noting Egypt’s 5% Q3 growth and 5.2% growth for the first three quarters. Energy & Power Sector: EEHC signed a protocol with e& Egypt to replace conventional electricity meters at telecom sites nationwide with smart meters integrated into EEHC’s centralized data systems, while Petroleum Minister Karim Badawi met EGPC leadership to push execution and boost oil and gas production. Renewables & EPC: Sterling and Wilson Renewable Energy’s 50-50 JV with Hassan Allam won a roughly $560m EPC order for a 1,000MWac solar project plus 600MWh BESS in West Minya. Circular Economy: Egypt and Switzerland signed a $1.7m grant to build a national system for sustainable e-waste management under the Circular Electronics Initiative. Markets Watch: Gold prices held steady on June 29, while silver fell sharply, according to Dahab Misr. Startup Funding: Egypt plans to revamp startup financing rules for convertible securities and valuation methods, with a sovereign fund mechanism being studied to bridge late-stage funding gaps.

Renewables Deal: Sterling and Wilson Renewable Energy (with Hassan Allam Construction) won a USD 560m EPC order for Egypt’s West Minya 1,000 MWac solar PV project plus 600 MWh BESS, a major boost for utility-scale clean power and grid storage. Tourism & Ethics: Egypt moves to curb animal exploitation at the Pyramids by phasing out camel and horse rides around Giza, replacing them with electric options. Trade & Finance: Egypt’s FM Badr Abdelatty spoke with the UK’s national security adviser, pushing deeper economic and trade cooperation and urging more British investment and fuller use of the Egypt-UK association deal. Energy Diplomacy: Oman denied it backs any Strait of Hormuz transit fees, saying any cooperation would be voluntary and within international law. Capital Markets: The Egyptian Exchange extended losses for a fifth straight session, while gold and silver prices in Egypt edged down/up in line with global moves. Policy & Governance: Egypt is set to phase in competition-law reforms and digital market oversight, as part of broader economic restructuring.

IMF Watch: Egypt is awaiting about $1.6bn in IMF funding as reviews of the EFF and RSF programs progress, with the IMF stressing revenue mobilization and privatization to cut the state’s footprint. Privatization Drive: The cabinet approved preliminary listings for four state-owned firms—three petroleum companies (ENPPI, ELAB, Petroleum Marine Services) and Maamoura for Reconstruction and Tourism—setting up future EGX stake sales. Trade Policy: Egypt imposed a 10% export duty on nitrogen fertilizer, with exemptions for high-grade ammonium nitrate above 34.2% nitrogen after verification. Local Industry: Khaled Hashem reviewed Gila Al-Tawakol’s $30m smart lighting factory, targeting 1,000 jobs and higher local content, while FEI’s Gold Division launched a 2029 strategy to boost gold jewelry exports. Digital Finance: Bokra and Geidea will expand Islamic-compliant digital savings to 200,000 merchants; Beltone Venture Capital backs ariika and Lychee’s Saudi expansion. Markets & Prices: EGX extended losses for a 5th session; gold edged up while silver fell. Food Watch: Sugar, flour and rice prices eased; tomatoes dropped sharply, potatoes rose; poultry/meat/dairy were mixed.

Oil & Markets: Egypt kicked off its oil-sector privatization by listing three public companies on the EGX—ELAB, Petroleum Marine Services, and ENPPI—framed as the first phase under an IMF-linked government privatization plan. Entrepreneurship & Investment: Cairo was officially named host of the Global Entrepreneurship Festival 2026 (Nov 6–8), positioning Egypt as a regional gateway for startups, funding, and international partnerships. Renewables Push: Norway’s Scatec is in talks with Egypt’s investment ministry on a $5bn expansion plan across renewables, desalination, and clean-energy data centers, with existing investments already at $5bn. Green Power Targets: Egypt reiterated ambitions to reach 60% renewable electricity by 2040 as part of its broader energy transition. Real Estate: Imarrae said it secured all regulatory approvals for its New Cairo KIN residential project, with construction set to begin soon. Consumer Sector: Egypt’s cosmetics and personal care market topped $900m in 2025, driven by youth demand, male grooming, and social media influence. Precious Metals: Silver prices in Egypt slid sharply—down about 8.9% week-on-week locally—as the dollar stayed firm and Fed rate expectations hardened. Diplomacy: Egypt’s FM met the parliament speaker to strengthen coordination on foreign policy and consular support for Egyptians abroad. World Cup Economy Angle: Africa’s football success stood out as nine African teams reached the Round of 32, with CAF chief Patrice Motsepe crediting youth investment and infrastructure.

World Cup Knockouts & Africa’s Momentum: The 48-team World Cup has narrowed to 32, and Africa is stealing the spotlight with a record seven nations advancing, including Egypt after a dramatic 1-1 draw vs Iran that sent the Pharaohs through as runners-up. Star Moments: Lionel Messi extended his World Cup scoring record with a free-kick goal vs Jordan, while Cape Verde made history by reaching the knockout stage without a group win. Geopolitics Meets Sport: Iran’s exit is linked in coverage to U.S. travel restrictions and sanctions, adding pressure to an already tense tournament. Egypt Business Watch: Fitch Ratings projects Egypt’s current account deficit to widen to about 4% of GDP in FY2025/26, then ease to around 2.8% in FY2026/27, citing higher import costs, weaker inflows, softer remittances, and reduced tourism support. Egypt Economy Outlook: Fitch also flags portfolio outflows and a drop in net foreign assets as external financing pressure builds.

World Cup Group G Fallout: Belgium edged Egypt on goal difference as both finished on 5 points, leaving Egypt to miss out on top spot after a 1-1 draw with Iran and a chaotic final day that also shifted standings across the group. Egypt-Iran Match Context: Egypt opened early through Mahmoud Saber, but Iran equalised via a penalty that was saved—before late drama decided the group picture. Banking Update: National Investment Bank (NIB) denied claims it plans to divest stakes in Bank NXT and EBank, saying restructuring and asset-value maximisation are underway, including EGP 196bn framework agreements to settle historic entanglements. US Sanctions Watch: The US sanctioned an Indian national and firms tied to explosives supplies allegedly used to fuel Sudan’s civil war, with Egypt-linked entities named. Egypt Business & Trade: Egypt’s wheat imports fell by 700,000 tonnes as local output rose, while the Egyptian Exchange is set to suspend trading on July 2. Development Cooperation: KOICA held a workshop in Cairo for its World Friends Korea volunteer programme partners, bringing together Egyptian ministries and universities. Renewables Push: Egypt signed MoUs for wind power expansion, including plans for a first wind turbine factory and large-scale wind farm projects.

Diplomacy & Trade Security: Omani FM Badr Al Busaidi spoke by phone with Egypt’s Badr Abdelatty on de-escalation efforts, stressing the need to keep maritime routes and the Strait of Hormuz open for uninterrupted trade and energy. Sanctions Watch: The US Treasury sanctioned eight people and entities tied to networks allegedly supplying explosives and support to Sudan’s SAF and RSF, including an Indian national linked to an explosives firm and firms based in Sudan and Egypt. Food & Supply: Egypt’s wheat imports fell by 700,000 tonnes to about 12.5m tonnes as local output rose above 10m tonnes, with procurement and expanded cultivation helping narrow the supply gap. Energy & Industry: Egypt’s wheat and fertiliser policy moves continue alongside new investment signals, including plans and deals tied to renewable power and industrial expansion. World Cup Business Angle: As Egypt and Iran prepare for their Group G finale in Seattle’s Pride-weekend spotlight, the match is also driving international footfall and heightened security planning around the host city.

Renewables Push: Egypt signed an MoU with China’s Sany to build its first wind turbine manufacturing plant (2GW annual capacity) and a 2,000MW wind farm in the North Gulf of Suez, with grid connection targeted within 23 months and the factory expected within two years. Energy Finance: EBRD plans $170mln financing for Egypt’s Nefer Minya solar-plus-storage project, adding to the country’s push to scale clean power. Power Sector Deals: Elsewedy Electric announced three industrial projects worth $200mln combined investments. Capital Markets Watch: The Egyptian Exchange closed Thursday in the red for a 4th straight session, while gold prices stabilized and basic commodity prices showed mixed movement on June 25. Insurance Update: AM Best affirmed Misr Insurance Company’s ratings, citing very strong balance sheet strength and stable outlook. Business & Trade: Egypt targets $6bn in outsourcing service exports by 2026, while the government moves to streamline investment procedures via a new economic entities platform. World Cup Economy: Egypt’s World Cup hype continues as commercials and match coverage fuel national optimism ahead of the Egypt-Iran “Pride Match” in Seattle.

Power & Infrastructure Finance: Korra Energi secured a credit facility from Kuwait Finance House worth EGP 300m and $15.56m for a 500-kV Gulf of Suez transmission line, plus guarantees, letters of credit and overdraft support tied to supplier payments and cash-flow needs. Industrial Expansion: Elsewedy Electric launched three industrial projects in Egypt with combined investment above $200m, targeting e-waste/copper recycling, copper tube manufacturing and aluminum rod production, with hundreds of direct jobs and more indirect roles expected. Renewables Push: Egypt signed MoUs and advanced plans for wind power scale-up, including a first wind turbine factory and multi-gigawatt wind projects linked to major partners. Capital Markets & Regulation: Egypt’s financial watchdogs and market infrastructure moved forward on listings, bond issuance and new rules for non-bank financial services, while the Egyptian Exchange saw mixed trading signals. Macro & Trade: Coverage highlighted Egypt’s growth performance and ongoing efforts to stabilize the economy amid regional pressures, alongside updates on food and commodity prices. Foreign Policy (Business Angle): Egypt urged intensified international action on Gaza’s ceasefire and reconstruction steps, while also reiterating its stance on refugee burden-sharing with the UN.

Renewables Push: Egypt signed an MoU with China’s SANY Renewable Energy to build the country’s first wind turbine manufacturing plant and a 2,000-MW wind project in the Gulf of Suez, with grid connection targeted within 23 months and local-currency implementation. Capital Markets & Finance: EFG Holding advised on Premium’s $4.8mn securitized bond issuance, while the Egyptian Exchange received Enppi’s request to list shares on the main market and EGX trading closed lower in the latest session. Banking & Payments: Egypt’s e-wallet ecosystem is getting a boost as Erada Finance and Axis Pay partner to enable loan disbursements via Egypt’s national e-payment network, and the central bank moved to restrict financing for company formation, capital increases and dividend distributions. Energy & Industry Deals: Elsewedy Electric launched three industrial projects worth $200mn combined, and Egypt signed $51mn financing for a sustainable green industry project. Gold Watch: Demand for gold coins and bars is rising in Egypt as investors seek a safe haven amid volatility, even as prices have been falling. Regional Context: Shipping firms are watching Strait of Hormuz risk closely after Oman proposed evacuation corridors, underscoring how Gulf tensions can quickly spill into trade and costs.

Mining & Investment: Egypt’s petroleum and mineral resources minister said improving the country’s global mining ranking is a strategic priority to boost investor confidence ahead of Egypt Mining Forum 2026 in the New Administrative Capital. Health Financing: Egypt signed €300m (about $348m) in new health financing and grant agreements with France’s AFD and the EU to strengthen universal health insurance and primary healthcare, alongside a €45m credit facility for the Green Sustainable Industry programme. Finance & Africa Integration: Finance Minister Ahmed Kouchouk pushed for African supply chains and debt-sustainability reforms at talks focused on mobilising private capital and strengthening economic integration. Renewables & Industry Push: Egypt signed an MoU with China’s SANY for a 4GW wind turbine and energy project, and also moved to establish its first wind turbine factory and expand renewable capacity. EVs to Cut Fuel Imports: Egypt is accelerating electric vehicle adoption to reduce the $21bn petroleum import bill and ease long-term budget pressures. Banking Recognition: Al Baraka Bank Egypt received 10 international awards from EMEA Finance for dealmaking and Sharia-compliant financing performance.