Inflation cools in May + EGX rolls out futures contracts on CIB, TMG

☀️ Good mornin g, friends, and congratulations on making it to the weekend.

In today’s edition of The Guide

But before we dive in, your weekly recap…

🗞️ LAST WEEK IN 3 MINS

Annual urban inflation cooled for a second consecutive month in May

PLUS- No talks are underway for a new IMF program to follow the current USD 8 bn Extended Fund Facility after it expires in December.

ALSO- Regional wars and economic shocks have forced the government to temper its medium-term economic targets

The EGX is rolling out single-stock futures contracts on two of its most liquid names next Thursday

AND- Korra Energi made its EGX debut: first day of trading yesterday floated an 11% stake

The National Bank of Egypt ( NBE) invested EGP 250 mn in a new education platform targeting 100 schools across Egypt’s governorates.

The government fully cleared its outstanding arrears to international oil companies

AND- Egypt’s energy sector is moving across the Mediterranean and beyond pushing technical agreements

Thndr is repositioning from a stock-trading app to an integrated wealth management platform

Banque du Caire’s IPO is delayed again pushed to September or October

The country’s 10 largest real estate developers saw sales volumes drop 15% y-o-y in 1Q 2026 to c.15.5k units.

🌍 AROUND THE WORLD IN SEVEN DAYS

US-Iran tensions intensified this week amid a mixed news cycle. Here’s the rundown: intercepted seizure

On Monday, Iran made its first strike on Israel since April in retaliation for Tel Aviv’s strikes on Lebanon diplomatic efforts launching fresh strikes

On Wednesday, Iran retaliated with strikes on American bases in Jordan, Bahrain, and Kuwait said

On Thursday, Iran’s new strait authority announced that the Strait of Hormuz “will be closed until further notice

IN OTHER NEWS- upcoming IPO may not list

OpenAI also confidentially filed for an IPO with the Securities and Exchange Commission.

IN TECH NEWS- unveiled a new phase

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.

☀️ THE WEATHER THIS WEEKEND

We’re in for a relatively cooler weekend in Cairo

🎤 HAPPENING THIS WEEKEND

Anoushka is making a long-awaited return to the stage tonight at AUC Tahrir Square’s Ewart Memorial Hall. performance Ticketsmarché

Looking to get into real estate? One [Mn] In Your Pocket Tazkarti

🎤 HAPPENING NEXT WEEK

Lebanese singer, composer, and pianist Ghassan Yammine is landing in Cairo Yammine Tazkarti

Human behavioral expert Dr. Khaled Ghattass returns to Cairo with his special show, Between the Strange and the Prevailing Al Manara Main Hall discussion Ticketsmarché