Good afternoon, friends, and welcome to a new week. The news cycle is picking up pace, showing no signs that the usual summer slowdown is anywhere in sight.

THE BIG STORY TODAY

Two state-owned pharma firms are up for grabs: The Public Enterprise Ministry has reportedly entered negotiations with unnamed investors to snap shares in two pharma firms including Chemical Industries Development Company (CID) through a capital increase, Asharq Business quotes Minister Mahmoud Essmat as saying. Essmat denied plans to take the companies public through an IPO, saying that “it’s not necessary to offer shares of the company (CID) on the EGX.” Information about the size, timeline, and advisors of the potential transaction wasn’t made public.

THE BIG STORY ABROAD

The unsealing of former US President Donald Trump’s 37 indictments continues to dominate headlines in the international press. Trump is charged with a myriad of accusations, including the concealment of classified information that breaches the Espionage Act, falsifying information, and attempting to obstruct justice. The press has also been contending the impact of this upcoming indictment on his presidential run. Trump is expected to appear before a Miami federal court on Tuesday, 13 June. The story is developing on: CNBC| Financial Times | Associated Press | The Washington Post | Bloomberg

ALSO- Fed is expected to pause its series of interest rate hikes: The US Federal Reserve is expected to keep benchmark lending rates unchanged within the 5-5.25% range at its committee meeting this Tuesday and Wednesday, despite persistent inflation, Bloombergreports. Fed Chair Jerome Powell supports a pause in rate hikes to evaluate the impact of the previous 500 basis point hikes and the recent banking issues on the economy, the business information service said.

The Enterprise Finance Forum is our flagship gathering — the one so many of you have been waiting for. The two-day event takes place this September. Stay tuned for more information on the location.

This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy.

Day one is our Banking Forum, where we’ll dive deep into topics of interest to commercial and investment bankers, from an outlook on the 12 months to come in M&A, IPO, and debt capital markets to the national, regional, and global trends that are (re)shaping our industry.

Day two is all about Fintech and Non-Banking Financial Services. We’ll take a deep dive into everything from the magic of client acquisition to the prospects of consolidation and the coming of challenger banks.

WHY ATTEND? Our guests consistently tell us they attend for two reasons: (1) meaningful discussion of the issues that shape the future of their businesses and (2) an unparalleled chance to network with other senior members of the community.

** NEW: MORE NETWORKING TIME- Our agenda includes expanded networking time, including an expanded coffee break and a post-event networking room for you to interact with your peers and speak one-on-one with the team at Enterprise.

WHO SHOULD ATTEND? Everyone who plays a role in our industry, from commercial and investment bankers to asset managers, fintech founders, NBFS leaders, and professional services providers of all stripes. Attendees at our events are C-suite officers, business owners, and their direct reports; we also make an allocation for folks we think could be tomorrow’s founders and c-suite executives.

TAP OR CLICK HERE if you want to express interest in attending. We’ll be sending out the first batch of invitations just after the 30 June holiday.

Do you want to become a commercial partner? Email mtaalab@enterpriseadvisory.com.

STAY TUNED for more detail about our exciting agenda in the weeks to come.

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

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*** It’s Inside Industry day —your weekly briefing of all things industrial in Egypt. Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.

In today’s issue:We’re kicking off a new monthly segment, Manufacturer of the Month, wherein we will profile an industrial player with a manufacturing base here in Egypt. Manufacturer of the Month will be dedicated to looking at locally bred or international players to examine the success and challenges that came with being a manufacturer in Egypt, as well as their paths forward. In our first Manufacturer of the Month, we profile glassware manufacturer Pyramid Glass.

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- Expect clear, sunny skies tomorrow with a high of 36°C and a low of 27°C, as per our favorite weather app.

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