Happy almost-THURSDAY, friends. We’re racing towards the end of the week — and, soon, the end of the month — as the news cycle picks up steam here at home.

THE BIG STORIES TODAY

#1- We’re going to know more about the upcoming presidential elex next week: The National Elections Authority (NEA) will hold a meeting next Monday, 25 September to announce the procedures and expected timeline for the upcoming presidential elections, Director of the NEA’s Executive Committee said at a press conference (watch, runtime: 3:05).

#2- We’re getting a new USD 1 bn tire factory: Rolling Plus signed an agreement today to invest USD 1.07 bn in setting up a new tire factory, with a capacity of 7 mn tires per year, in the Suez Canal Economic Zone, according to a cabinet statement.

THE BIG STORY ABROAD

It's another mixed bag in the international business press today:

  • The Fed rates meeting coming up today has kept reporters eager to confirm whether they will hold the rates or whether there will be a change. (Wall Street Journal)
  • Oil approaching the USD 100/ barrel is an alarm that central banks cannot ignore. (Bloomberg)
  • Uber to shut down in cities in the EU? Asenior Uber executive has warned that designating drivers as de facto employees will force them to cease their services and increase their rates by 40%. (Financial Times)
  • Are Chinese manufacturers overcoming US export controls? HiSilicon, a Huawei Technologies Unit has been able to ship chips for surveillance cameras to surveillance camera manufacturers, one of which was Chinese. (Reuters)

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

  • The Saudis are upping their stake in e-Finance: The Saudi Egyptian Investment Company (SEIC), the investment arm of the Public Investment Fund (PIF), is planning to increase its stake in state fintech player e-Finance to 28% from 25% currently.
  • Delta Steel up for grabs? Several local steel companies have expressed interest in acquiring state-owned steel manufacturer Delta Steel.
  • New public prosecutor sworn in: Mohamed Shawky Ayad began his four-year term as the public prosecutor on Tuesdayafter being sworn in on Sunday.

☀️ TOMORROW’S WEATHER- Expect the mercury to rise to a high of 31°C in the daytime and drop to a cooler 25°C in the nighttime, according to our favorite weather app.

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