Good afternoon, nice people, and happy hump day — or earnings downpour day, depending on where you’re sitting.

THE BIG STORY TODAY

OIH could invest USD 1.2 bn in Uzbekistan: Orascom Investment Holding (OIH) is exploring several potential investments worth a combined USD 1.2 bn in Uzbekistan’s renewables, hospitality, food production, and mining sectors, OIH CEO Marwan Hussein confirmed to Enterprise today. OIH Chairman Naguib Sawiris discussed the investment plan during a meeting yesterday with Uzbekistan President Shavkat Mirziyoyev.

THE BIG STORY ABROAD

Rare drone attacks on the Russian capital are leading the conversation in the international press. Eight drones attacked Moscow’s more affluent areas which house the residences of senior Russian government officials during the early hours of the morning. The skirmish resulted in two casualties and no deaths. Ukraine has denied its direct involvement in the attacks, while Moscow insists that this is a response attack following the Kremlin’s 50-drone attack on Ukraine yesterday.

This story is developing on: BBC| The Financial Times | The Wall Street Journal | CNBC | Reuters

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

  • House gives its final nod to tax hikes, income tax changes: MPs gave their final approval yesterday to a fresh batch of tax amendments — raising the threshold for income tax exemption and introducing a raft of tax, duty, and development fee hikes.
  • Auto sales dip to new lows in April:Auto sales fell 69% y-o-y in April as the shortage of foreign currency continued to impact the automotive industry. Distributors sold 5.1k vehicles during the month, compared to 16.6k in April 2022.
  • Edita Food Industries has signed an agreement to acquire 100% of frozen bakery producer Fancy Foods.

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- Sunny skies will be bringing on the heat with a high of 38°C, with the mercury dropping to 25°C at night, as per our favorite weather app.

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