Telecom Egypt pulled the plug on its planned sale of a majority stake in its Regional Data Center Hub

· Egyptian market news · MISR

Telecom Egypt pulled the plug on its planned sale of a majority stake in its Regional Data Center Hub

Good morning, friends.

The squeeze on imported cars is the story to watch.

And in energy finance:

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.

The Egypt Forum is back — and this year, we’re giving the full day to the one question on every business leader's mind: What does AI actually mean for your company, your people, and your own job?

Leaders in New York, London, Abu Dhabi, and Singapore are asking the same things, and nobody has built a playbook that works yet. We're all figuring it out in real time — and for Egypt, the stakes are unusually high.

Egypt could leapfrog a generation on the back of this technology — or watch AI hollow out the industries and jobs we can't afford to lose. The leaders who get literate early will be the ones who get to decide which road we take.

Every session on stage answers one question: “So, what do I actually do about it?”

Join us on 5 October in Cairo. Seats are limited and attendance is by invitation only.

Request your invitation here.

Data hub stays in-house

Telecom Egypt (TE) wants to keep its data center business in-house: bourse disclosure (pdf)

ICYMI- preliminary board approval

Helios may have lost this sale, but it's still making big moves in Egypt. USD 40 mn for 49% full buyout deploy up to USD 250 mn

Clearing the way inland

French shipping group CMA CGM has asked the Investment Ministry to let dry ports clear cargo as final customs destinations statement

The request aligns with CMA CGM’s whole-chain footprint. October Dry Port project rail connections linking Alexandria and Ain Sokhna with the dry port Alexandria's Tahya Misr multipurpose terminal Red Sea Container Terminal at Sokhna

IN CONTEXT- dropped advance ACI registration for Gulf-bound transit cargo up 40% since March

Second SPAC preps to shop

The board of OG Capital, the newly-listed blank check company, approved putting a tenfold issued-capital increase disclosure to the EGX (pdf)

What’s next: listed temporarily on 19 May

IN CONTEXT- Catalyst Partners Middle East (CPME) RMBV

REMEMBER- lifted its issued capital to around EGP 3 bn

Fertilizers may catch a break

The government is weighing exemptions for Mopco and Abu Qir Fertilizers from transferring 5% of income from state-owned companies

Why fertilizers: war-era export boom Capmas

It’s a little cooler in Alexandria

The big story abroad

It is an oddly quiet morning on the international front pages

The renewed regional war is showing no sign of slowing down. launched fresh attacks announced yesterday

Can manual labor relieve Gen Z’s AI job woes? wave of young content creators

The final of the 2026 World Cup kicks off tonight

Original source: enterpriseam.com

More Egyptian market news

All market news →