Good afternoon, wonderful people, and welcome to the final few hours of May. It’s a bit of a mixed bag in the news cycle today here at home so far as we approach the end of the week and the month.

THE BIG STORY TODAY

Are we getting a fresh IPO in the next two months? The EGX is working on listing an unnamed energy company’s shares on the bourse within two weeks, with a goal of starting trading in a month or two, EGX head Ramy El Dokany told CNBC Arabia (watchtime, runtime: 2:25). El Dokany did not provide any further details.

THE BIG STORY ABROAD

JPMorgan’s CEO Jamie Dimon is making headlines in the international press for different reasons this afternoon: Dimon denied a statement by Jes Staley, a former JP Morgan exec, claiming that they both debated keeping Epstein on as a client in 2012 in a legal document, according to the Wall Street Journal. The CEO also denied discussing Epstein’s accounts at any point during his tenure until JP Morgan dropped Epstein as a client in 2013.

Meanwhile in Shanghai, Dimon expressed that the US and China relations need to thaw — a move that is more prudent now as the Chinese economy is still struggling to recover due to a slow pickup in China’s factory activity and increasing youth unemployment, added the CEO. The story is developing on: CNBC | FT | Reuters

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

  • NBFS firms are going to need bigger buffers: Non-banking financial services (NBFS) companies have one yearfrom 18 May to increase their paid and issued capital to EGP 75 mn to comply with new capital requirements.
  • Our local debt could be 'Euroclearable' by the end of the year: The Finance Ministry is aiming to iron out the final details of its link-up with Belgium-based clearinghouse Euroclear before the end of 2023.
  • A busy day at the House, Senate: The House and Senate economic committees held meetings yesterday, approving the government’s FY 2023-2024 socioeconomic developmentplan and the Financial Regulatory Authority’s budget for the coming year.

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- It’s going to be partially cloudy with the mercury peaking at 41°C and dropping to a rather warm evening temperature of 29°C, according to our favorite weather app.

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