S&P Dow Jones Indices retains Egypt’s emerging-market status
· Egyptian market news
Good morning, everyone.
The biggest news is that the CBE held rates for a fourth consecutive meeting.
Abu Tartour broke ground.
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The Egypt Forum is back —
Every session on stage answers one question: “So, what do I actually do about it?”
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S&P Dow Jones Indices has decided not to downgrade Egypt EGX statement 20 August in June
What the EGX says helped: told us earlier this month new derivatives market short-selling rules
IN CONTEXT- earlier this year back in 2023
Speaking of FTSE: statement
A new Marakez destination
Our friends at Marakez are entering Egypt’s Red Sea coast for the first time SHAMS SOMA reportedly
Why this matters: previously telling
New Ghazl El Mahalla could have its route to market decided by the end of September
REMEMBER- earlier this month in April told us in June
The wider privatization clock is ticking: Fund’s latest review USD 420 mn from Gabal El Zeit
High-speed rails, going local
The Transport Ministry reportedly plans to launch local tenders by the end of the year for EUR 1.3 bn (c. EGP 74.8 bn) worth of equipment and systems for its high-speed electric rail network unnamed government officials
Where does the project stand? National Authority for Tunnels in 2024 September 2025 September 2026 timetable revisions
Egypt and Qatar will begin negotiations in October on a Comprehensive Economic Partnership Agreement (CEPA) statement discussed establishing
IN CONTEXT- rose 10% earlier this month
USD 47.3 bn — that was the total Egyptians working abroad sent home in FY 2025/26, a record figure that was up 29.6% from USD 36.5 bn a year earlier Central Bank of Egypt
IN CONTEXT- USD 43.1 bn USD 41.5 bn
Destination Sahel Issue IV, the final issue in the series, drops this week, and we’re exploring how the North Coast could be more than a summer story.
Living in Sahel year-round is moving from a seasonal idea to a serious question; an industrial push is reshaping the Coast’s economic base, and Egyptian homebuyers are weighing Sahel against Dubai, London, and other Mediterranean markets for where to put their money.
In this issue, we get into what it would take for Sahel to work beyond the summer, how industry fits into the Coast’s next chapter, and the numbers behind the Sahel-vs-everywhere debate.
Coming straight to your inbox on Wednesday, 26 August.
It’s a couple of degrees cooler in Alexandria
The big story abroad
Iran has condemned planned US sanctions as the regional war drags on with no clear path to peace. called the move plans to target
What is Washington planning?
Meanwhile, trade tensions between the US and Canada are rising. 50% tariff announcing tariffs
The cost of memory is up: driving up