The government is keeping its stake in Alexandria Containers

· Egyptian market news · ALCN

The government is keeping its stake in Alexandria Containers

Good morning, wonderful people and welcome back from the extended weekend.

ARE YOU MORE OF A LISTENER? Morning Drive is a 10-minute summary And if you like it, tell your friends to tell their friends. They can find us on Apple, Spotify, or wherever they get their podcasts.

Transport Ministry won’t sell its ALCN stake

The Transport Ministry confirmed it has “no intention” to offload stakes held by its affiliates in Alexandria Container and Cargo Handling (ALCN) statement

We called it: exclusively last week December

REMEMBER- in November in 2022

A role for Egypt in IMEC?

Egypt’s energy infrastructure may find itself at the center of Washington’s plans for the India-Middle East-Europe Econo mic Corridor (IMEC). bipartisan bill (pdf)

EGX-listed Arabian Food Industries (Domty) expects its new spin-off dairy unit, Dairy Products Euro Arabian for Food Industries, to list on the EGX in July Arabic press originally targeted

Domty’s board approved a split in October 2025 in December

IN CONTEXT- facility in Saudi Arabia mandatory tender offer

State Ownership Policy 2.0

The government has finalized the second iteration (pdf) of its State Ownership Policy (SOP) State Information Service USD 5.9 bn

The document groups divestment targets into three tiers

Newly tapped Trump appointee Kevin Warsh held interest rates steady at his first Federal Open Market Committee (FOMC) meeting on W ednesday USD slipped below the EGP 50 mark

The breakdown: Federal Reserve’s press conference transcript (pdf)

Why this threatens the EGP:

Warsh is also getting rid of "forward guidance”

Don’t overread daily moves:

Single-stock futures on the shares of Commercial International Bank (CIB) and Talaat Mostafa Group (TMG) will start trading on the EGX in a few hours.

REFRESHER- lukewarm reception last Thursday pushed back

This new product may have an easier time finding an audience.

It’s not as hot in Alexandria

The big story abroad

US-Iran ta lks for a permanent ceasefire are set to kick off in Switzerland today

Talks are kicking off after Iran said it shut the Strait of Hormuz citing what it called killed at least 20 said

Is Starmer stepping down? The Telegraph

Is the world turning against AI players? The Wall Street Journal

Original source: enterpriseam.com

More Egyptian market news

All market news →