Our take on Trump’s return to the White House, becoming the 47th President of the United States: One of the main channels that might affect Egypt's economy is the fact that Trump's main economic policies might cause an upward pressure on the USD globally. Trump is pro expansionary fiscal policies, and likely to try to boost businesses in the US through tax cuts. This, in turn, might imply some inflationary pressures, which means the Fed might need to revise its pace of easing, that easing was long awaited for by the EMs in general to relief some of the pressure on their currencies. Besides, Trump's expected trade protectionism through tariffs means lower pressure on US current account, which also might mean a stronger dollar. In addition, such kind of trade policies might trigger some fears of a negative impact on the Chinese economy, causing some risk aversion in global financial markets that will eventually affect EMs cost of borrowing.

The head of the EGX said that six temporarily listed companies will offer their shares on the stock exchange during H1 2025. Regarding the offering of the companies “Safi” and “Wataniya”, he said that the procedures for listing the two companies have not yet begun, but we are anticipating them soon.

Around 500 Turkish garment manufacturers expressed interest in investing in Egypt last year with the total proposed investments amounting to around USD 5 bn, head of the Federation of Egyptian Industry’s apparel chamber said. Some 50 Turkish companies have already taken steps to move their operations over to Egypt, investing around USD 150 mn.

Government sources said that the average bond issuances in the international markets range between USD2.5 billion and USD3 billion annually until 2028.

The government is in discussions with the private sector to finalize studies on setting a more profitable feed-in tariff rate, the set price that the government pays for the electricity projects generate, for its initial phase of waste-to-energy (WtE) projects, a government source said. The new tariffs aim to ensure a good return on investment for companies currently making investments in the sector.

China’s JA Solar will supply 1.25 GW worth of solar panels for AMEA Power’s Abydos 2 project, located in Aswan's Benban, under an agreement with project builder China Energy Engineering Corporation, the solar panel manufacturer said in a statement. No details about the cost of the agreement were disclosed.

UAE-based Nas Investments Holding submitted a mandatory tender offer to acquire an additional 57.5% stake in EGX-listed fertilizers player EgyFert (SMFR). The move would bring Nas’ total holding in the company to 90% through the acquisition of an additional 5.5 million shares. If Nas hits its acquisition target, the total transaction would be valued at EGP522.5 million, with Nas paying EGP95.0 per EgyFert share, implying a 2024e annualized PE of 8.5x. Nas did not put forward a minimum acceptance threshold.

Misr Petroleum will establish and revamp 70 fueling and service stations nationwide in FY25/26, building on the 33 stations upgraded in 2H24, Misr Petroleum Chairman Mohamed Maged Bakheet said. 

The Financial Regulatory Authority (FRA) has issued a decision setting new increased minimum capital requirements for companies operating in the ins. sector, in line with the Unified Ins. Law ratified last year. T

SWDY reached financial close on its 50MW/100MWh battery energy storage system project in Greece. T

EGTS’s court date for the 20.0 million sqm third phase Sahl Hasheesh land plot lawsuit is postponed to 28 January 2025.