Good afternoon, friends, and welcome to the start of another workweek. This issue starts out with hard-hitting news that a decree to place properties in a centralized federal database has been given precursory approval by the House of Representatives. In other news, Uber CEO Dara Khosrowshahi believes corporate culture could do with a little more artistic thinking.

THE BIG STORY TODAY-

House preliminarily approves Property ID Act: The House of Representatives cleared the way for a final vote on the proposed Unified ID Act after it received in-principle approval at a plenary session today, with the bill’s final approval being pencilled in for an upcoming session.

Property ID? The draft law aims to give each property a unique digital ID on a centralized government database. The government would issue ID cards or plates for each property and issue penalties to anyone who removes or otherwise tampers with the ID plates. This is part of the government’s push to inventory all real estate assets in the country and crack down on wildcat building.

THE BIG STORY ABROAD-

The current economic situation in the US is pushing citizens to revisit recession-era survival skills. In a panic driven by uncertainty around inflation, tariffs, and domestic policy, creators on social media are sharing budget recipes, cost-cutting tips, and financial hacks that were popular during the 2008 financial crisis, CNBC writes. Consumer sentiment has fallen to one of its lowest readings in more than seven decades, and digital communities are becoming a key outlet for Americans seeking to recession-proof their finances and reclaim a sense of control.

enterprise

*** It’s Inside Industry day — your weekly briefing of all things industrial in Egypt. Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.

☀️ TOMORROW’S WEATHER- We’re expecting tomorrow’s temperature to rise to a sunny 29°C in the capital, before cooling to 18°C at night, according to our favorite weather app.

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