Pre-Trading Thoughts

Al Ahly Pharos

The International Monetary Fund is set to conduct the fourth review of our USD8 bn loan program by the end of September or in October at the latest.

The state is reportedly studying a plan to provide EGP1.25k in cash assistance per family, while reducing the number of goods subsidized under the ration card system.

The General Authority for Investment and Free Zones (GAFI) and representatives of all governorates are set to form a permanent joint committee to promote and facilitate investments across the country.

The government is offering seven investment projects at a number of airports across the country.

The Oil Ministry has launched a tender for explorations in 12 areas according to the explorations map released by the ministry for 2025.

Egypt and Italy are set to complete preliminary studies for their planned 3 GW, USD2.5 bn, electric interconnection project by 4Q this year

The Egyptian Electricity Utility and Consumer Protection Regulatory Authority approved the adoption of the accounting tariff for the consumption of illegally seized electricity at the cost price at a unified rate of 214.5 piasters per kilowatt hour.

The Ministry of Transport decided to add some fees collected from commercial ships and tourist yachts frequenting Egyptian ports during the coming period.

According to local media, MASR (FV: EGP5.24, OW) is studying establishing two hotels in its Taj City and Sarai projects.

MASR (FV: EGP5.24, OW) signed an MoU with Smart Construction and Development for construction works in Sarai worth EGP650.0 million.

According to local media, OCDI launched Matcha, the commercial part of the company's Caesar project on the North Coast.

The Tourism Development Authority (TDA) is waiving late payment penalties on land purchases for tourism development and investment companies that fully pay their installments by 31 August 2025.

ESRS’s (FV: EGP120.21, OW) Ezz Eldekheila is currently processing detailed technical studies to partner with the Transport Ministry and other private investors in the first containers manufacturing plant in Alexandria port.

The tuition increases limits imposed on private and international schools last year will continue to apply for the 2024-2025 academic year.

RMDA has transferred 12.9 million shares, worth EGP 3.2 million, to its employees as part of its employee incentive and reward program.