Al Ahly Pharos

- Market Overview  - TMGH - MASR - HELI - PHDC - AMER - Prepared by: Mayada Amin- CETA, CFTe

Indian chemicals producer TCI Sanmar has plans to invest an additional USD300 million into its Egypt operations. Feedgas deliveries to the Damietta and Idku liquefaction plants have been recently increasing, with unnamed sources telling Bloomberg that Egypt could export its first LNG shipment from Idku within a year. A delegation from the Investment Ministry will meet with EU representatives to di...

- Market Overview  - COMI - EFIH - ORAS - CLHO  - LCSW - prepared by: Mayada Amin- CETA, CFTe

Egypt is expected to receive four LNG shipments by April, as the country looks to build up a strategic gas reserve. The Sovereign Fund of Egypt is conducting a comprehensive review of the privatization program that could see it expand the program to 40-60 state-run companies. Chinese textile manufacturer Jiangsu Guotai signed an agreement to set up a USD10 million readymade garment factory in the...

- Market Overview  - HELI  - EFIH  - AMOC - ADIB - MTIE  Prepared by: Mayada Amin- CETA, CFTe

Oil Minister Karim Badawi met with CEO of US-based LNG solutions company Excelerate Energy Steven Kobos where they discussed leasing floating storage and regasification units to Egypt, sharing technical expertise, and LNG trade cooperation, according to a Ministry statement. A high-level investment delegation has received preliminary approval to visit Iraq, unnamed sources said.  The Holding Compa...

- Market Overview  - CIEB  - TMGH - FWRY  - ISPH - Prepared by: Mayada Amin- CETA, CFTe

In line with IMF directives, the government is committed to have energy prices reach cost recovery levels by the end of the year. The Prime Minister said that the government set a target inflation rate at 10% by 2026. The IMF's mission chief to Egypt, stated that the fifth review of Egypt's loan program will take place before the end of June, according to the current schedule for disburs...

- Market Overview  - FWRY  - ISPH - ACGC - EGAL - GBCO - Prepared by: Mayada Amin- CETA, CFTe

*Key news articles for today* Egypt’s fourth loan-review showed that more needs to be done on the structural reform agenda. “Progress with the implementation of the structural reform agenda was mixed, with notable delays on critical reforms related to divestment and leveling the playing field,” the IMF said in a statement after its Executive Board completed the fourth review. The IMF also approved...

- Market Overview  - MASR - PHDC - FWRY - AMOC - prepared by: Mayada Amin- CETA, CFTe

Monthly urban headline CPI inflation recorded 1.4% in February 2025 compared with 11.4% in February 2024 and 1.5% in January 2025. On an annual basis, urban headline CPI inflation recorded 12.8% in February 2025 compared with 24.0% in January 2025. Monthly core CPI inflation, computed by the CBE, recorded 1.6% in February 2025 compared with 13.2% in February 2024 and 1.7% in January 2025. On an an...

- Market Overview  - TMGH - MTIE - FWRY  - prepared by: Mayada Amin- CETA, CFTe

Egypt has reportedly set a pricing and payment mechanism for securing LNG supply agreements for the summer months. Chinese firm Di Seta has begun construction work on a USD40 million ready-made garments factory in the Qantara West Industrial Zone. Egypt's merchandise exports reached USD4.3 billion during January 2025, compared to USD3.3 billion in the same month of 2024, a growth of 30% YoY....

- Market Overview  - COMI - PHDC - MFPC - MASR - Prepared by: Mayada Amin- CETA, CFTe

The IMF is set to sign off on Egypt’s fourth review of its USD8 billion loan program when the Fund’s Executive Board meets tomorrow, giving the final greenlight for a USD1.2 billion tranche. A further USD1.3 billion could also be on the table, with the Fund set to discuss approving the funds under the Resilience and Sustainability Facility.  France, Germany, Italy, and the UK voiced their support...

- Market Overview  - ADIB  - CIEB - TMGH - ABUK  - ORWE - prepared by: Mayada Amin- CETA, CFTe

The Prime Minister announced that an oil and gas field was discovered in the King Mariout area, called Fayoum 5. Egypt’s liquefied in facilities will start receiving 400 million cubic feet per day (mcf/d) from Cyprus’ Cronos gas field starting mid-2027 and another 500 mcf\d of gas from the country’s Aphrodite field by 2030, a senior government official said. Cabinet approved a draft decision put f...

- Market Overview  - ADIB - CIEB - EGAL - ORWE - ETEL - Prepared by: Mayada Amin-CETA, CFTe

*Key news articles for today*   Arab leaders endorsed Egypt’s USD53 bn reconstruction plan for Gaza during yesterday’s emergency Arab League summit held in Cairo.  Net foreign reserves rose to USD47.4 bn at the end of February 2025, marking a USD129 mn increase from January. Chinese companies are expected to invest USD2-3 bn in moving production to Egypt, particularly the Suez Canal Economic Zone...

- Market Overview  - ORAS - ATLC - prepared by: Mayada Amin- CETA, CFTe

Egypt's Purchasing Managers’ Index (PMI) recorded 50.1 in February declining from a 50-month high of 50.7 in January.  The first phase of the Sovereign Fund of Egypt’s (SFE) plan to take over all public enterprises will target some 370 profitable firms, over half of the total 709 companies owned by the state Cairo and Baghdad discuss transferring Iraqi oil to be refined in Egyptian refineries...

- Market Overview  - ISPH - ABUK  - GBCO - MASR Prepared by: Mayada Amin- CETA, CFTe

The General Authority for Investment and Freezones is pitching a USD17 billion investment to build the world’s largest green hydrogen plant in South Sinai.  Egypt and Greece are set to begin implementing their 3 GW electricity interconnector (Gregy) before the end of 2H25, with the project set to receive a grant and concessional financing totaling EUR1 billion.  Eight Turkish apparel and textile m...

- Market Overview  - ALCN - ORAS - SKPC - AMOC - EMFD - prepared: Mayada Amin-CETA, CFTe