Good afternoon, folks. We are coming to you from the St. Regis on the banks of Nile shortly after wrapping up this year’s EnterpriseAM Finance Forum where we spoke to members of the business community across various sectors, most notably Investment and Foreign Trade Minister Hassan El Khatib.

It was another full house event that brought together many senior bankers, finance industry players, corporate leaders, and other members of our business community. All of us here at The Enterprise Company are deeply grateful to the three groups of people who made it all possible: The fantastic leaders who joined us on stage, the sponsors and partners who made it possible, and every one of you who joined us in person.

^^ Await our coverage of our keynote interview with El Khatib in tomorrow’s issue of EnterpriseAM Egypt and coverage of the rest of the day’s panels in future issues.

THE BIG STORY ABROAD-

Israel’s deadly attack on Lebanon is dominating the front pages: Israel’s strikes on Hezbollah targets yesterday, which killed over 500 people and injured over 1.8k, marked Lebanon’s “deadliest day in decades.” Hezbollah retaliated, targeting Israeli military targets, as the US continues to warn against escalations that could lead to a full-scale war. (Bloomberg | Financial Times | Reuters | AP)

Airlines cancel flights to Lebanon: Airlines — including our very own EgyptAir — have canceled over 30 flights to and from Beirut. (Reuters | AP)

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

  • Haier lays foundation stone for second phase of industrial park: Chinese appliance manufacturer Haier laid the foundation stone for the USD 40 mn second phase of its eco-industrial complex in Tenth of Ramadan City.
  • Dekheila dry bulk terminal awarded: A consortium of four local private and state-owned firms will invest USD 450 mn to build, manage, and operate a 300k sqm dry bulk terminal in Dekheila Port.
  • City Lab is now Premium Healthcare Group: Medical diagnostic services provider City Lab announced its intention to rebrand to Premium Healthcare Group. The firm also announced its intention to acquire four local lab operators for a total of EGP 991.7 mn.

☀️ TOMORROW’S WEATHER- The temperature is maintaining its much-welcomed cool, with tomorrow seeing highs of 33°C and lows of 23°C in the capital, according to our favorite weather app.

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