Telecom operators referred to public prosecutor amid SIM card fraud

Good morning, friends.

First up, July’s annual urban inflation ticked back up to 14.9%

Meanwhile, the government is getting creative by prepping its first-ever tax-backed sukuk

We also take a deep dive into our Universal Health Ins. system

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 —

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.

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Telecom operators face scrutiny over SIM card fraud

The National Telecom Regulatory Authority (NTRA) has referred Egypt’s four telecom operators to the public prosecutor statement

Anti-fraud measures:

Some context: last week

Suez comeback continues

Shipping giants Maersk and Hapag-Lloyd rerouted their joint AE19 Gemini service from around the Cape of Good Hope to the Suez Canal press release

The broader comeback: WAF6 MECL A15

The EGX’s conversion into a joint-stock company is back on the table statement

Radwan told us just that last week.

On whether EGX would list its own shares:

79% — that’s where Egypt’s financial inclusion rate stood at the end of June 77.6% at end-2025 80% target latest data

Destination Sahel Issue III drops this week, and we’re diving into how the North Coast is adapting to a changing market.

Developers are recalibrating as buyer behavior shifts, luxury retail is carving out a bigger piece of Sahel’s economy, and the wellness and sports scene has become a summer destination on its own.

In this issue, we get into what’s actually changing on the ground, from how developers are adjusting their pitch to where to shop and how to stay active this season.

Coming straight to your inbox tomorrow, 12 August.

The Industrial Development Authority (IDA) opens the tender for eight new billet-production licenses today statement we flagged last week

WEATHER- We are back to the 40s in Cairo today

It’s much cooler in Alexandria

The big story abroad

In the latest twist in the regional war has issued largely in line

Wall Street’s next big AI wager: looking to mobilize

Meta has unveiled Muse Glimmer an essay by CEO Mark Zuckerberg

Speaking of Meta: has allowed

Also in the AI world: wrapped up

At least 111 people were killed in Colombia yesterday after a magnitude 7.4 earthquake struck said

*** It’s Going Green day — your weekly briefing of all things green in Egypt: