Good afternoon, friends. It’s shaping up to be a legislation-heavy news week here at home, as the House of Representatives charges through a raft of bills and tax hikes ahead of its summer recess.

THE BIG STORY TODAY

Tax legislation moves through parliament: The House of Representatives gave its final approval to a package of tax and duty hikes, Al Masry Al Youm reports. The House general assembly also signed off on amendments to the Income Tax Act, according to Masrawy. The amendments will raise the threshold for income tax exemption to EGP 36k from EGP 24k, and introduce a 27.5% tax rate for people earning more than EGP 1.2 mn per year. The amendments were initially set to impose the 27.5% tax rate on individuals earning more than EGP 1 mn annually.

THE BIG STORY ABROAD

Erdogan’s triumph at the ballots is still dominating the conversation in the international press this afternoon: The president succeeded in adding another five years to his 20-year tenure in office with a 52.2% victory over Kemal Kilicdaroglui. Reuters| BBC | CNBC | Bloomberg | Financial Times

ALSO- Kyiv was pummeled last night by Russian forces amid preparations for Kyiv Day.The Ukrainian capital received an unprecedented 59 drones attacking the city overnight, but the attack claimed only one life and injured two as a result of the debris landing from a building that was attacked.

The story is also making the rounds: BBC|CNBC| Financial Times | WSJ | Bloomberg

** CATCH UP QUICK on the top stories from today’s EnterpriseAM:

ENTERPRISE IS LOOKING FOR SMART, TALENTED PEOPLE of all backgrounds to help us build some very cool new things. Enterprise — the essential morning read on all the important news shaping business and the economy in Egypt and the region — is looking for writers, reporters and editors to help us build out new publications. Today, we run four daily Egypt and MENA-focused publications, five weekly industry verticals, and a weekend lifestyle edition designed to make our readers feel just a bit smarter.

We have tons more in the pipeline — come help us build new publications. We offer the chance to work in a fast-paced newsroom on a broad range of topics and in a variety of formats. Our goal is simple: To create value for our growing community of >250k daily readers by telling stories that matter.

Journalists looking to explore business, finance and economic stories are welcome. So are recent journalism school graduates.

That said, we're looking for gifted story-tellers from all walks of life and across all professions, as long as they show a keen interest in learning to write about the stories, topics, businesses, and figures moving markets. Egyptian and foreign nationals alike are welcome to apply. So are job-switchers: If you’re an equities analyst tired of the rat race, we’re a great place to come work.

NEVER WORKED IN A NEWSROOM BEFORE? We have the Enterprise Business Writing Development Program. Whether you are a recent graduate, an industry vet, or looking to switch careers, the Enterprise Business Writing Development Program will give you the tools you need to tell the most important stories to our audience of C-suite officials, government ministers, diplomats, financiers, investors and entrepreneurs.

During the program you will learn:

  • The key news stories and trends shaping business and the economy in Egypt and the region, across various sectors;
  • Business and finance for non-finance people: Whether it's industry jargon or key concepts or simply how to read a balance sheet;
  • How to construct an Enterprise story: From idea formulation down to the structure, style and tone of writing;
  • How to develop sources that will give you the key insights needed to tell a complete story;
  • How to communicate these stories with the confidence and language of an insider.

Not an internship program — a career: The three-month program will see full-time, paid participants take part in workshops and lectures from veteran business journalists, while also working on and filing stories that will run on any of our publications. Those who have successfully completed the program, will then be given long-term job offers.

Apply directly to jobs@enterprisemea.com and mention “writing development program” in your subject line.

☀️ TOMORROW’S WEATHER- Patches of sun and clouds will be gracing our sky tomorrow with the mercury reading a high of 34°C and a low of 23°C at night.

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