Good afternoon, friends, and a very happy THURSDAY to us all. After a busy few days that showed no signs of slowing down, we’re rounding off the week with a rather quiet day for the news cycle. 


Before we get underway, a quick correction from this morning's edition of EnterpriseAM: In our My Morning Routine column this morning, we erroneously reported Ranya Saadawi's title as CEO of Acasia Ventures. Ranya is CEO of Acasia Group. The story has been corrected on our web edition.

THE BIG STORY TODAY

It’s interest rate day: The Central Bank of Egypt’s Monetary Policy Committee is meeting today, with the consensus being that interest rates will be left unchanged. That’s according to our customary rate poll, where seven of eight analysts forecast a pause due to slowing global tightening and lower prospects of a near-term EGP deval. Similar polls by Bloomberg and Reuters point to the same expectation, with analysts forecasting a hold.

THE BIG STORY ABROAD

The Bank of England raised interest rates by 50 bps to 5%, according to a statement. The increase, which was in line with market expectations, comes as the BoE looks to bring down inflation to “the 2% target sustainably in the medium term.” The story is leading the conversation in the international business press this afternoon: Financial Times | Reuters | WSJ | Associated Press | CNBC

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 and will be the latest in our must-attend series of invitation-only, C-suite-level gatherings. Stay tuned for more information on the location.

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:

  • SCA to IPO Canal Mooring and Lights: The Suez Canal Authority’s (SCA) Canal Company for Mooring and Lights (CCML) is set to sell a 20% stakein an IPO on the EGX.
  • Making good on reforms to draw investment: The Madbouly cabinet approved several draft bills and amendmentsaimed at making the business environment more attractive to private-sector investors in its weekly meeting yesterday.
  • Tax changes are now the law of the land: President Abdel Fattah El Sisi has signed into law the raft of tax changes recently passed by MPs aimed at raising state revenues and reducing the tax burden on low earners.

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 more sun with the thermometer reading a high of 37°C and dipping to a cooler 23°C at night, as per our favorite weather app.

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