}

From Subsidized Bread to Cash Support: Egypt’s Welfare Reform Test

For decades, Egypt’s system of in-kind food subsidies—most notably its bread program—has been a cornerstone of the nation’s social contract, ensuring affordable access to basic staples for millions of households.

Valmore Holding Q1 2026 consolidated profit rises to $34.3M

Valmore Holding reported a 0.5% year-on-year (YoY) increase in consolidated net profit after tax attributable to the parent company during the first quarter (Q1) of 2026, reaching $34.3 million, compared with $34.1 million in Q1 2025.

What is your outlook for Egyptian IPOs in H2 2026?