FinMin targets up to EGP 100 bn from inaugural tax-backed sukuk
· Egyptian market news · MISR
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Today is the last day of Hassan Abdalla’s term as CBE governor, and whatever comes next will face a cleaner stress test.
The EBRD and IFC are circling a combined 10% of Banque du Caire’s upcoming float.
And E-finance has picked up 8% of wealth-management platform Wilzy
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The Finance Ministry is targeting EGP 50-100 bn from its inaugural tax-backed sukuk issuance
Who gets access remains undecided:
One legal question remains open:
REMEMBER- unveiled last week EGP 10k, 100k, 1 mn, and 10 mn cannot be sold or transferred
Rules, routes, and factories
Egypt and Turkey signed three cooperation documents to expand trade and logistics connectivity statement USD 15 bn by 2028
A direct maritime link could help them get there: previously
Complementary advantages:
REMEMBER- previously told us
In other logistics news: Al Arabiya
President Abdel Fattah El Sisi has named the inaugural board of directors for the Future of Egypt Authority for Sustainable Development (Mostakbal Misr) decree last month
The ministers sit alongside financial and regulatory technocrats
President Abdel Fattah El Sisi signed off on the accession to the D-8 Preferential Trade Agreement and its dispute settlement protocol statement
REFRESHER- approved in June
26k — that was the number of new companies established nationwide in 1H 2026, up 20% y-o-y joint statement
WEATHER- It’s somewhat tolerable in Cairo today
It’s a bit cooler in Alexandria
The big story abroad
Developments on a few geopolitical fronts lead the news cycle. renewed strikes met
Trump snubs Seoul to favor Pyongyang? has instructed
Over in the business press: signed up
*** It’s Blackboard day: