Privatization progress clears path for USD 1.6 bn IMF disbursement

Good morning, Egypt.

Mohamed Salah is leading Egypt into the World Cup knockout stages for the first time in our nation’s history after yesterday’s 1-1 draw with Iran in Seattle.

But we paid a heavy price for the draw. medical examination

B’naire Nassef Sawiris has put a price on ending the OCI Global standoff and said take it or leave it.

The FRA has issued a paired regulatory package designed to curb systemic risk in the NBFI sector before it materializes.

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Privatization push pays off

Egypt’s recent state-asset sales satisfy the IMF’s latest review targets, clearing the way to unlock roughly USD 1.6 bn in financing Bloomberg press briefing

Two agreements this month pushed the privatization front Taqa Arabia’s 10% stake in 172 military-affiliated Wataniya fuel stations Alcazar Energy’s USD 420 mn deal

Subsidy shift not starting yet

The government’s planned shift from in-kind food subsidies to cash support will not start on 1 July watch, runtime: 49:01

REMEMBER- last week FY 2026/27 budget

Egypt and Saudi Arabia delayed the commercial start of their USD 1.8 bn, 3 GW electricity interconnection to the end of this year Shorouk News

REMEMBER- one of the region’s largest initially advanced In February

Sudan link underperforming:

The second phase of the East Nile Monorail is now open to passengers watch, runtime: 03:57 statement

Why it matters: tested the monorail in May

WEATHER - We are bracing for hotter days this week across the country

It’s several degrees cooler in Alexandria

The big story abroad

Lead ing today’s new s cycle is the worst military escalation in the US-Iran war US Central Command reported

The Lebanese front is also tensing up. rejected

Meanwhile, on Wall Street: will list expected

Tech world faces desperate memory shortage: lobbying dwindling supply