Good morning, all. It is looking like a busy day for business news here in Egypt as we sit tight awaiting the announcement of fresh tax facilities and incentives.

PSA-

WEATHER- It’s another cool day in Cairo, with a high of 32°C and a low of 22°C, according to our favorite weather app.

It’s cooler in Alexandria, with a high of 28°C and a low of 21°C.

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HAPPENING TOMORROW-

#1- Egypt’s first EVs expo kicks off tomorrow: The three-day EVs Electrify Expo and Conference kicks off tomorrow at the Egypt International Exhibition Centre, bringing together over 15k visitors from over 50 countries, 80 exhibitors, 100 companies, and 50 speakers who are working to shape the EV industry. The event will also offer attendees the chance to test drive EVs and check them out through interactive showcases. You can register to attend the event’s website.

#2- International medical fair starts tomorrow: Egy Health International MedicalExhibition and Conference is being held at the Egypt International Exhibition Centre starting tomorrow and until Saturday. The event — “one of the largest and most influential events in the Middle East dedicated to the health market” — is expected to bring in over 44k visitors, 460 exhibitors and sponsors, and 100 speakers. You can register on the event’s website.

ENTERPRISEAM IS LOOKING FOR SMART, TALENTED PEOPLE of all backgrounds to help us build some very cool new things. EnterpriseAM — the essential morning read on all the important news shaping business and the economy in Egypt, GCC, and the wider region — is looking for writers, reporters, and editors to help us build out new publications.

NEVER WORKED IN A NEWSROOM BEFORE? We have the EnterpriseAM Business Writing Development Program. Whether you are a recent graduate, an industry vet, or looking to switch careers, the EnterpriseAM 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.

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 on subject matter knowledge, while also working on constructing and filing EnterpriseAM 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.

THE BIG STORY ABROAD-

It’s a mixed bag in the foreign press this morning, as the intensification of the war in Gaza and Lebanon and Hurricane Milton in the US continue to grab headlines.

Israeli Prime Minister Benjamin Netanyahu said that Israeli airstrikes killed two successors to Hezbollah leader Hassan Nasrallah in a video on X, hours after Hezbollah seemed to drop demands for a ceasefire in Gaza as part of a ceasefire agreement for Lebanon. Netanyahu did not name the successors, but the video suggests that Hashem Safieddin, who was widely expected to succeed Nasrallah and who was reportedly killed last week, has been eliminated. (Reuters)

Israel had expanded its ground invasion of Lebanon yesterday with a fourth division deployed in the south of the country, as it continued with intense airstrikes that killed at least 36 people over the past day. (The Guardian | BBC)

Over in the US, Hurricane Milton is now a Category 5 storm as it heads towards Florida, with President Joe Biden saying the “devastating” storm could be the worst to hit the state in more than a century.

AND- Politics continue to be in focus: The latest Reuters/Ipsos poll showed Vice President and democratic candidate Kamala Harris leading Trump with 46% of votes, as opposed to Trump’s 43%.

IN THE BUSINESS PRESS- Samsung issued a rare apology yesterday after it warned of worse-than-expected 3Q earnings, adding that its high-end chips will see a delay in sales, and chalking up the decline in performance to one-off costs and higher supply of older products from Chinese rivals that have hit demand for its chips. (CNBC | Reuters | The Verge)

AND IN A SIGN OF THE TIMES- The Nobel prize for physics went to two researchers credited for laying the foundations for modern AI, US professor John Hopfield and British-Canadian professor Geoffrey Hinton. (The Guardian)

*** It’s Hardhat day — your weekly briefing of all things infrastructure in Egypt: Enterprise’s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education.

In today’s issue: We look at what the new building regulations mean for the construction sector.

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