The Finance Ministry is preparing to release the new public debt policy document by the end of March, which will outline its plans for public and foreign debt, including the issuance of green bonds, sukuk, and international bonds.

The government is currently working on two parallel budgets, with the upcoming FY 2025-2026 budget being simultaneously developed alongside a comprehensive three-year budget that will establish longer-term spending caps that can only be exceeded under very limited circumstances.

European glass fiber producers have filed a complaint to the European Commission alleging that Chinese glass fiber manufacturers based in Egypt have been benefiting from unfair subsidies and have managed to bypass anti-dumping duties directed at Chinese companies.

The government is working on cutting customs clearance times down from eight days to just two, Investment Minister Hassan Al Khatib said.

The government is working to replace the numerous non-tax financial burdens and fees imposed by state entities with an additional income tax, Investment Minister Hassan Al Khatib said, according to a ministry statement. 

The government will engage in negotiations with the European Union in April over the second tranche from its EUR 5 bn package of concessional loans.

The government is now planning to up renewables’ contribution to the energy mix to 65% by 2040, according to comments by Electricity Minister Mahmoud Esmat. 

The average yield on two-year fixed coupon t-bonds fell 2.03 percentage points to 23.46% during the Central Bank of Egypt’s latest issuance that raised EGP 21.6 bn in the heavily oversubscribed issuance, according to data from the central bank. Three-year bonds fell 0.68% percentage points to an average yield of 22.58%.

Tax revenues grew by 40% during the first 6 months of the current fiscal year, compared to the same period of the previous fiscal year, sources said

A source in the Ministry of Petroleum revealed that Egypt seeks to resume exporting natural gas by the end of 2027.

China's largest tire maker is planning to expand its Egypt operations, with China National Tire and Rubber Company looking to expand into passenger vehicle tire manufacturing in Egypt through its wholly-owned subsidiary Prometeon Tyre Egypt, according to a cabinet statement.

QNBE 4Q24 consolidated net profit recorded EGP6.34 billion (+0% q/q, +71 y/y) bringing FY24 net profit to EGP26.40 billion (+63% y/y, and 6% higher than Al Ahly Pharos Estimates). 

The FRA approved HDBK’s request to increase its authorized capital from EGP10 billion to EGP30 billion and paid-up capital from EGP5.31 billion to EGP10.6 billion, an increase of EGP5.31 billion distributed over 531.3 million shares by distributing a free share for each original share.

OFH’s board has greenlit selling its entire 99.0% stake in Klivvr Electronics to the Sawiris family-owned Klivvr Holding. For EGP11 per share, valuing the total transaction at some EGP657.7 mn.

BDO Keys for Financial Consultancy, the Independent Financial Advisor (IFA), has concluded its fair value report associated with the delisting of ESRS (FV: EGP120.21, EW) shares.

Kingdom Holdings inked an agreement with SWDY's subsidiary Elsewedy Industrial Development to develop a USD60 million textiles factory in its Industria Sadat zone in Sadat City. 

A local-international consortium of France’s Engie, ORAS (FV: EGP425.00, OW), Japan’s Toyota Tsusho, and Eurus Energy is looking to build a 1 GW wind project in Egypt, with the companies aiming to finalize the project’s contracts next year in order to build it by 2028.

TMGH announced that Hisham Talaat Moustafa, CEO and Managing Director of the company, purchased 500,000 shares of the company's capital during last Sunday's session.