Good afternoon ladies and gentlemen. Now that the presidential elections are (officially) over, we’re wondering whether we should be bracing ourselves for a slew of news or for more of a slowdown as we creep towards the holiday season.

THE BIG STORY TODAY

The results are in: President Abdel Fattah El Sisi has been re-elected for a third term in office, securing 89.6% of the vote, National Election Authority (NEA) head Hazem Badawy said in a presser today (watch, runtime: 5:58). The elections will see El Sisi remain in office until 2030. Some 39.7 mn out of the total 44.8 mn who turned out to vote cast their ballots for El Sisi. The Republican People Party’s Hazem Omar received 4.5% of valid votes, the Egyptian Social Democratic Party’s Farid Zahran 4%, and Al Wafd Party’s Abdel Sanad Yamama 1.9%.

The official turnout rate was 66.8% — well over the 41.05% rate we saw at the 2018 election that handed El Sisi his second term. Some 99.9% of ballots cast were valid.

THE BIG STORY ABROAD

BP is halting all its shipments through the Red Sea, following intensified Houthi attacks on ships passing through the waterway, reports Bloomberg. Vessels will be rerouted around Africa, rather than the Suez Canal (the primary LNG trade route), adding thousands of extra miles to their journeys, delaying deliveries, and raising costs. Natural gas prices initially jumped 7.9% following BP’s announcement before cooling off, while Brent futures are also up 2.7%. Many other companies are considering, or have already followed suit, including CMA CGM, AP Moller-Maersk, MSC, Hapag-Lloyd, and OOCL, according to Reuters.

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INTERESTED IN APPLYING? To apply for the position, drop us a line at jobs@enterprisemea.com and mention “Enterprise Advisory” in your subject line. Please send a solid cover letter telling us a bit about who you are and why you’re a good fit for our team. We want to see your CV, but the most important thing is a cover letter that makes us want to pick up the phone and give you a call.

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

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.

🌤️ TOMORROW’S WEATHER- Look for a mostly sunny day with a few clouds at a high of 23°C in the daytime, and dropping to a cooler 14°C in the evening, according to our favorite weather app.

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