Al Ahly Pharos

- Market Overview  - EKHO - GBCO - FWRY  - PHDC - JUFO  prepared by: Mayada Amin -CETA, CFTe

- Market Overview  - FWRY  - CLHO - JUFO - GBCO - ESRS Prepared by: Mayada Amin- CETA, CFTe

- Market Overview  - TMGH - CLHO - AMOC - EKHO Prepared of : Mayada Amin- CETA, CFTe

Market Overview  OIH TMGH ORWE CSAG FWRY  prepared by: Mayada Amin- CETA, CFTe

Market Overview  Prepared by: Mayada Amin- CETA, CFTe

The CBE's MPC is scheduled to meet on Thursday, 26 December. We expect the CBE to prefer to hold rates unchanged in its upcoming meeting.  Even though the annual inflation reading dipped below 26% in November, some price hikes such as the recent telecom hikes are still passing through inflation readings. Besides, the recent gradual increase in USD rate – breaching the EGP50 border – accompani...

- Market Overview  - ESRS - ARAB - CSAG - EGAL - prepared by: Mayada Amin - CETA, CFTe

The EU approved the disbursement of an EUR 1 bn macro-financial assistance package. The package marks the first phase of a EUR 5 bn set of concessional loans running through 2027, which comes as part of a wider EUR 7.4 bn package from the EU announced in March. The China Communications Construction Company (CCCC) is interested in working with the Madbouly government on its airport development plan...

- Market Overview  - AMOC - ADIB - CIEB - BTFH - PHDC - prepared by: Mayada Amin- CFTE, CETA

The Egyptian Mineral Resources Authority launched a global tender for the exploration of kaolin sand, glass sand, and other minerals yesterday, according to a statement from the Oil Ministry. Investors have until 13 February to submit their offers. Finance Minister Ahmed Kouchouk has extended the window for settling tax disputes until 30 June 2025 and will offer taxpayers a quick and effective met...

- Market Overview  - Prepared by : Mayada Amin- CETA, CFTe

Net foreign assets of the CBE increased by USD1.17 billion in November to record USD11.8 billion, compared to USD10.64 billion in October. Egypt has trimmed its fuel consumption 6% to 171 grams per kWh over the past few months. The reduction in demand is saving the country some EGP1.2 bn monthly. The Ministry of Finance aims to reduce the external debt of the budget agencies by about USD1 billion...

- Market Overview  - AMOC - GBCO  - ORWE - TMGH - Prepared by: Mayada Amin - CETA, CFTe

Chinese steelmaker Wu’an Xin Feng has a plan to set up a USD1.7 bn integrated industrial complex in the Suez Canal Economic Zone (SCZone).  Egypt’s oil subsidy bill for the current fiscal year is expected to surpass EGP200 bn, significantly higher than the EGP154 bn initially allocated, a source said. Prime Minister Moustafa Madbouly met with Saudi Industry and Mineral Resources Minister Bandar Al...

- Market Overview  - GBCO - EHDR - MTIE - EAST - Prepared by: Mayada Amin - CETA, CFTe

Transport and Industry Minister Kamel El Wazir laid out the 23 industries that the government is looking to localize, adding that the state is offering incentives and facilities to attract investments into these selected sectors.  The Qantara West Industrial Zone will welcome two new projects with combined investments of USD38 mn following agreements with the Suez Canal Economic Zone (SCZone). Egy...

- Market Overview  - COMI - ISPH - ADIB - ORWE prepared by: Mayada Amin- CETA, CFTe

UAE’s AMEA Power will set up a USD600 million, 5 GW wind power project in the Gulf of Suez in cooperation with the Egyptian Electricity Transmission Company and the New and Renewable Energy Authority (NREA). There is a plan to launch renewable projects with a combined capacity of 10 GW and combined investments of USD10 billion from 2023-2028 under the government’s Nexus for Food, Water, and Energy...

- Market Overview  - COMI - GBCO - ARCC - CCAP - prepared by: Mayada Amin- CETA, CFTe

Prime Minister Mostafa Madbouly announced in his weekly presser that the government is planning to offer up stakes in ten state-owned companies in 2025. The offerings will be via direct sales to strategic investors and/or through EGX listing. The cabinet also approved a EUR 7 mn comprehensive technical support package to support Egypt’s green transition— dubbed the European Green Facility initiati...

- Market Overview  - EAST - ESRS - ORWE - EHDR - prepared by: Mayada Amin- CETA, CFTe

Annual headline urban inflation declined to 25.5% in November from 26.5% in October. Monthly headline urban inflation declined to 0.5% in November 2024 from 1.3% in November 2023 and 1.1% in October 2024. Annual core inflation declined to 23.7% in November from 24.4% in October, while monthly core inflation decreased to 0.4% in November 2024 from 1% in November 2023 and 1.3% in October 2024, the C...

Market Overview 

Derivates will begin trading on the EGX in 2Q 2025, Financial Regulatory Authority Deputy Chairman Islam Azzam said. Azzam highlighted futures contracts for indices as being among the incoming additions. The FRA is also considering offering financial leasing loans for industrial lands from the Industrial Development Authority (IDA) for the first time, Financial Regulatory Authority Deputy Chairman...

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