Good afternoon, friends, and happy Monday. It’s a rather calm news day here at home so far, as we keep an eye on regional developments.

THE BIG STORY TODAY

Egypt signed a total of 10 agreements with local and international companies at the TransMea 2022 expo today, according to a Transport Ministry statement. The agreements include four contracts, 5 MoUs, and one framework agreement, covering Cairo Metro projects, working on the fifth phase of the electric light rail train, and design and supply agreements for the electric high-speed rail, among others.

THE BIG STORY ABROAD

News from the Israeli assault on Gaza continues to lead the conversation in the international press. US Secretary of State, Anthony Blinken’s visits to several countries in the region has been attributed to calming neighboring Arab nations and assuring them that the US is working on controlling the attacks from spreading in the region and to help innocent Palestinians caught in the onslaught. This comes as the IDF reportedly struck 450 aerial targets yesterday and has cut-off the northern area of Gaza as it prepares from a ground invasion. (Reuters | Associated Press | Washington Post | CNBC | Wall Street Journal)

HELP GAZA-

Want to support relief efforts in Gaza, but don’t know how? We’ve got you. More than 1 mn people in Gaza have been thrown from their homes and every human being there lacks access to food, water, and fuel amid the most intense bombardment any population has endured this century.

The folks at Talabat are processing donations for a range of Gaza relief appeals by charities including the Egyptian Food Bank and Misr El Kheir. Pay in EGP using your credit card.

Or check out our list of charities to which you can make direct donations via bank deposit and / or Fawry.

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

  • Orascom Real Estate (ORE) has lined up EGP 6bn to fast-track construction at its O West project in Six October.
  • Israel steps up war on Gaza despite US calls for calm: Israeli Prime Minister Benjamin Netanyahu again rejected calls for a ceasefire in Gaza yesterday as his military mounted what one journalist on the ground described as the “most intense airstrikes since the beginning of the war.”
  • Value Makers Studio invests in local edutech startup OBM Education: Student career advising startup OBM Education has secured a six-figure USD investment from Saudi accelerator Value Makers Studio (VMS).

☀️ TOMORROW’S WEATHER- The temperature is cooling slightly as the mercury reaches a high of 31°C during the day and drops to 20°C in the evening, our favorite weather app tells us.

Tags: