As part of the follow-up on the proposal issued by the U.S. Department of the Treasury regarding a regulatory rule providing for the imposition of a special measure relating to the branches of Banque Misr in the UAE, the Central Bank of the UAE and the Central Bank of Egypt (CBE) affirm the full and continuous cooperation and coordination between them with regard to the branches of Banque Misr in the UAE conducting all their business as usual, and the branches of Banque Misr in the UAE will take all necessary actions and measures within the period specified for that purpose, according to a joint statement released by the Central Bank of the UAE and the CBE. (CBE)
Egypt’s domestic T-bill maturities are set to nearly double to EGP1.89trn in FY27/28 from EGP971bn in FY26/27, an increase of c95%, according to unidentified official sources. Domestic T-bills stood at EGP791bn in FY25/26, before rising c23% to EGP971bn in the current fiscal year. The projected increase comes as Egypt’s Ministry of Finance (MoF) implements its medium-term debt management strategy, which aims to extend the average maturity of the debt portfolio, reduce refinancing risks, gradually increase reliance on longer-term instruments, and diversify funding sources and investor base. The strategy targets raising the average debt portfolio maturity to 6–7 years by FY28/29, from 5.3 years, while reducing government debt to c71%–73% of GDP and maintaining domestic debt at c75% of the total portfolio. (Al Mal)
Egypt’s Suez Canal navigation reports have recorded a gradual recovery in container ship traffic, with several major shipping lines resuming transit through the canal instead of rerouting vessels around the Cape of Good Hope, according to the head of the Suez Canal Authority (SCA). (Al Borsa)
The Egyptian government has decided to unify a USD15.0 fee, or its equivalent in foreign currency, charged for entry and transit visas at ports of entry, as well as all visas and consular services provided by Egyptian diplomatic missions abroad, according to the Official Gazette. The new fee will take effect on 1 January 2027 under Prime Ministerial Decree No. 2553 of 2026, which also repeals any provisions conflicting with the decree. (Al Borsa)
Egypt’s Ministries of Petroleum and Agriculture denied circulating news on the reduction of the amount of subsidized fertilizers that fertilizer companies supply to the Ministry of Agriculture, effective August, and affirmed that the annual subsidized fertilizer share will remain at 2.4m tons, according to a joint statement. The Ministry of Petroleum also confirmed that it supplies fertilizer companies with the natural gas required for their operations, allowing them to meet local market demand and export, as in 2025 and continuing in 2026, it added. (Ministry of Petroleum)
The Egyptian President Abdel Fattah El-Sisi has approved a USD1.2m grant agreement with the European Investment Bank (EIB) to finance consultancy services aimed at supporting the capacity of wastewater treatment plants in Alexandria and Damietta, according to the Official Gazette. (Al Borsa)
Egypt’s Financial Regulatory Authority (FRA) plans to introduce the International Financial Reporting Standards (IFRS) sustainability disclosure standards in phases, starting with simplified climate-related disclosures, followed by the initial application of the standards and eventually full implementation, according to a draft roadmap that remains under discussion and review, according to an official statement. The FRA discussed the proposed roadmap during a workshop held in cooperation with the European Union and the United Nations Development Programme (UNDP) in Egypt under the Sustainability Disclosure and Management Hub (SDMH) program. (Al Borsa)
Egypt plans to invest USD160m to build four new container ships in China, with construction expected to begin in 2028 and take four years, according to unidentified official sources. The final agreement for the four vessels is expected to be completed by the end of 2027, with the deal to be self-financed by the Holding Company for Land and Maritime Transport and its subsidiary, National Navigation Company (NNC). The move is part of Egypt’s plan to expand and modernize it’s commercial fleet, strengthen its container transportation capacity and support maritime trade, alongside efforts to localize shipbuilding, repair and maintenance activities in Egypt. (Asharq Business)
Egyptian businessman Ahmed Tarek Khalil has acquired all assets of ElWelely for Agriculture Crops, based in Alexandria, Egypt, for EGP2.0bn, according to unidentified sources familiar with the matter. The transaction included settling more than EGP1.0bn in debt owed to nine banks, including Commercial International Bank – CIB (COMI EY), Qatar National Bank (QNBE EY), Suez Canal Bank (CANA EY), and Abu Dhabi Islamic Bank Egypt (ADIB EY), among others. Khalil has already begun taking over the company’s assets, which include three fully equipped factories with machinery and production lines in Borg El Arab, Alexandria, as well as a building designated for employees. The deal follows Al Waleely, which was previously associated with businessman Magdy El Welely, into severe financial distress, helping prevent its industrial assets from being sold at auction. (Al Borsa)
A Saudi-Egyptian investor consortium plans to establish a real estate investment fund named “Asl” in Egypt and Saudi Arabia following the acquisition of two companies in the real estate development and contracting sectors, one Egyptian and one Saudi, according to Asl Holding’s chairman. The fund, through Asl Holding, aims to invest up to SAR1.00bn (cUSD267m) in the Egyptian market over the next year, focusing on real estate development, hospitality, and hotels. The newly formed group acquired Egypt-based Zurich Real Estate Development and Saudi-based Kayan Contracting Solutions last week, with the combined investment portfolio valued at EGP50.0bn (cUSD1.00bn). Asl Holding is also establishing an Egypt-based entity to develop and manage the acquired companies’ projects, with its current portfolio comprising seven projects across New Damietta, New Mansoura, New Cairo and Sheikh Zayed. (Al Arabiya)
The Egyptian government sold yesterday 6-month T-bills worth EGP60.9bn, with a bid-to-cover ratio of 2.44x, at an average yield of 25.461%, slightly down from 25.463% previously, and 12-month T-bills worth EGP51.9bn, with a bid-to-cover ratio of 2.39x, at an average yield of 24.992%, slightly up from 24.955% previously, according to the Central Bank of Egypt (CBE)’s data. (CBE)
Company news
Taqa Arabia (TAQA EY): The company entered the Jordanian market by initiating a natural gas supply project for Al-Rawdah Industrial City in the Ma’an Development Area, according to a bourse filing. The project involves developing a 14 km natural gas pipeline. TAQA Arabia will implement the project under a memorandum of understanding (MoU) between the Abu Dhabi Fund for Development and the Jordanian government, represented by the Ministry of Planning, to finance several development projects across Jordan. The pipeline will strengthen the energy infrastructure serving the industrial city while providing manufacturers with a more efficient and competitive energy source, enabling them to expand their operations and helping attract new investment. (EGX)
SODIC (OCDI EY) | Commercial International Bank – CIB (COMI EY): SODIC has signed an EGP7.5bn medium-term facility with the Commercial International Bank (CIB) to finance the development and construction of its June project in Ras El Hekma, North Coast, according to a company statement. The facility forms part of the long-standing strategic partnership between CIB and SODIC, according to CIB’s deputy CEO and executive board member. (Al Borsa)
Aspire Capital Holding For Financial Investments (ASPI EY): The company’s 2Q26 consolidated net income hiked 4.70x y-o-y to EGP53.4m, according to its audited financials. (EGX)
Mansoura Poultry (MPCO EY): The company recorded a 2Q26 consolidated net loss of EGP61.5m, reversing a net income of EGP25.4m a year earlier, according to its audited financials. (EGX)
Madinet Masr Housing (MASR EY): The company purchased some 411,234 treasury shares during the 26 August trading session, increasing its treasury share holdings to 32.1m shares, it announced. (EGX)
Misr Beni Suef Cement (MBSC EY): The company purchased some 23,021 treasury shares during the 26 August trading session, increasing its treasury share holdings to 491,511, it announced. (EGX)
Pioneers Properties (PRDC EY): The company purchased 630,000 treasury shares during the 26 August trading session, it announced. (EGX)
Valmore Holding (VLMR EY, VLMRA EY, VALMORE KK): The company sold treasury shares on Boursa Kuwait, representing 0.004% of its total shares during the 26 August trading session, it announced. (EGX)
Catalyst Partners Middle East (CPME EY): Shareholder CPC Advisory reduced its stake in the company to 44.7% from 46.4%, after selling 5.00m shares at an average price of EGP35.1/share for a total value of EGP175m, which also reduced the stake of its related parties to 83.4% from 85.0% previously by the 25 August trading session, according to a bourse filing. (EGX)
Qatar
Economic and general news
Qatar’s official July reserve assets were little changed from the previous month at QAR262bn, according to Qatar Central Bank figures. (Bloomberg)
Saudi Arabia
Economic and general news
Saudi Arabia’s July net foreign assets were SAR1.746trn, it announced. (Bloomberg)
Company news
Saudi Public Transport Company (SAPTCO AB): The company signed an SAR470m contract for school transport services in Jubail Industrial City with the Royal Commission for Jubail and Yanbu, it announced. (Bloomberg)
Arabian Drilling (ARABIAND AB): The company signed a SAR3bn 5-year contract with SLB for 11 land rigs, it announced. (Bloomberg)
Agenda
Aug 31: Distribution date of ZMID EY’s second installment of EGP0.15 of its FY25 DPS of EGP0.25 Sep 1: Effective date of MSCI quarterly index review Sep 1: Effective date of the EGX30 index rebalancing Sep 1: EGTS EY’s court appeal in the ruling in favor of the TDA Sep 1: ISPH EY EGM to discuss implementing an ESOP for the company and subsidiaries, and amending Articles Six and Seven of incorporation Sep 9: Bidding deadline set by the IDA to apply for eight new billet licenses with a combined annual capacity of 2.8m tons Sep 10: Egypt’s August inflation announcement Sep 10: End of MBSC EY’s treasury shares purchase period Sep 12: MBSC EY’s EGM to discuss treasury shares cancellation, and amending Articles Three, Six, and Seven of incorporation Sep 13: RMDA EY’s EGM to discuss amending Articles 19, 25, 27, 35, 41, and 47 of incorporation Sep 13: ELSH EY’s AGM to discuss appointing a CEO Sep 14: KORA EY’s EGM to discuss its EGP2.00bn authorized capital increase and its EGP405m paid-in capital increase through a rights issue and amending Articles Six and Seven of incorporation Sep 15: ISPH EY’s AGM to discuss distributing a DPS of EGP0.13 for FY25. Sep 15: FOMC meeting Sep 15: CLHO EY AGM to discuss increasing its paid-in capital by EGP9.18m to EGP734m for its employee stock ownership program (ESOP) and amending Articles Six and Seven of incorporation Sep 16: FOMC meeting Sep 16: End SAUD EY’s MTO to acquire up to c90% of ATLC EY through a share swap Sep 17: ZMID EY’s AGM to discuss Al Safy Properties’, a subsidiary of Al Safy Group, proposal to develop a 104-feddan residential project in Zahraa Maadi Sep 17: EFIH EY’s EGM to discuss 1) amending Articles Six, Seven, and 18 of incorporation, and 2) the fair value study of its shares and Tamweely’s shares, and the proposed acquisition of Tamweely through a combination of cash consideration and a share swap Sep 19: MICH EY’s AGM to discuss its FY25/26 results and proposed DPS of EGP2.75 for FY25/26 Sep 24: CBE’s MPC meeting Sep 24: Distribution date of OLFI EY’s second installment of EGP0.875 of its FY25 DPS of EGP1.75 Sep 24: Distribution date of CICH EY’s FY25 DPS of EGP0.57 Sep 30: Distribution date of the third installment worth EGP1.94 of MFPC EY’s FY25 DPS of EGP3.94 Sep 30: Distribution date of the second installment worth EGP2.00 of PHAR EY’s FY25 DPS of EGP3.50 Oct 1: Distribution date of the second installment worth EGP0.15 of ETRS EY’s FY25 DPS of EGP0.35 Oct 1: Distribution date of MBSC EY’s second installment worth EGP10.0 of its FY25 DPS of EGP20.0 Oct 2: EGTS EY’s AGM to discuss its FY25 results and elect a new board Oct 11: Egypt’s September inflation announcement Oct 15: Distribution date for the second installment worth EGP0.20 of AMOC EY’s 2H25 DPS of EGP0.40 Oct 27: FOMC meeting Oct 28: FOMC meeting Oct 28: Distribution date of the second installment worth EGP0.50 of ORWE EY’s FY25 DPS of EGP1.50 Oct 29: CBE’s MPC meeting Nov 10: Egypt’s October inflation announcement Nov 11: MSCI semi-annual index review Nov 15: Egypt’s Seventh Program Review under its USD8.00bn EFF from the IMF Dec 1: Effective date of MSCI semi-annual index review Dec 10: Egypt’s November inflation announcement Dec 8: FOMC meeting Dec 9: FOMC meeting Dec 17: CBE’s MPC meeting Dec 21: World Bank to vote on a USD520m infrastructure guarantee facility for Egypt Dec 30: Long-stop date for meeting certain conditions in connection with ORAS proposed combination with OCI Global N.V Dec 30: Distribution date of the second installment worth EGP0.223 of HELI EY’s FY25 DPS of EGP0.446 Dec 31: Distribution date of SKPC EY’s FY25 DPS of EGP0.50 Dec 31: Distribution date of MBSC EY’s second installment worth EGP10 of its FY25 DPS of EGP20 Feb 24: Distribution date of the third installment worth EGP0.50 of ORWE EY’s FY25 DPS of EGP1.50
