Government mulls handing SFE control over entire state-owned portfolios

Good morning, ladies and gents.

LVP Pharma once again ups its stake in Rameda to 31.5%, edging close to the mandatory tender offer line.

WISH THIS MORNING’S ISSUE was a podcast? We’ve got you. Tap or click here or while stomping around the house wondering where the [redacted] you left your [redacted] reading glasses.

The SFE may get whole sectors

The Madbouly government is considering having the Sovereign Fund of Egypt (SFE) manage entire state-owned sector portfolios last year

The cleanup continues: shifted oversight

Arcius takes the wheel

BP has secured government approval to transfer five Mediterranean gas concessions to Arcius Energy Arabic press

BUT- The transfer does not necessarily signal BP’s retreat from Egypt. in late 2024 USD 3.7 bn securing drilling

BP has been undergoing a global corporate overhaul and has pledged to raise USD 20 bn through asset sales by 2027 tensions reorganization Germany North Sea Egypt

Bringing Nargis online

Chevron is planning to invest some USD 400 mn to develop the Nargis gas field in the Mediterranean Arabic Press

BACKGROUND- 45% stake

Launch of single-stock futures pushed back

Investors will ha ve to wait a few extra days to trade futures on the EGX. We explored what the move means for the market and investors in yesterday’s coverage — check it out here.

It’s inflation day — annual urban inflation is projected to decelerate for a second consecutive month in May In April

But not everyone expects a major drop: Reuters poll April

The CBE adjusts course: medium-term inflation outlook

How will this impact interest rates? April and May meetings

It’s nicer in Alexandria

You’ve spent decades building wealth, and the question now isn’t how to make money — it’s how to make sure it survives you, works across borders, and doesn’t quietly erode while you’re not looking. The rules have changed. Egyptian real estate, once a near-guaranteed store of value, is competing with markets in Greece, Spain, and Dubai.

Whether it’s art as an asset, crowdfunding, or the tax implications quietly stacking up behind that second passport, the toolkit for serious capital deployment has expanded faster than most conventional advice — or most advisors — have.

In Issue 3 of Money Matters

Coming straight to your inbox — today, 11 AM Egypt.

The big story abroad

Geopolit ical tensions are escalating once again launched targeting statement

Everyone wants a piece of SpaceX: so far attracted

The tech jitters are back:

Also worth reading this morning: The Future of Work and AI

*** It’s Hardhat day — your weekly briefing of all things infrastructure in Egypt: