Great on paper, stuck in practice

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WHAT WE’RE TRACKING TONIGHT

Twin earthquakes kill at least 164 in Venezuela, death toll expected to climb

Good afternoon, friends, and congratulations on making it to the weekend. In today’s issue, we’ve got a story that sounds like good news before it isn’t: women in Egypt are actually more likely to get a callback on a job application than men, but they’re working (and paid) less. We also have a Netflix series that’s genuinely difficult to pause, and everything you need to know ahead of a World Cup weekend that includes Egypt vs. Iran.

Up first, the news…

THE BIG STORY ABROAD-

🌐 Two earthquakes in Venezuela — the country’s most powerful in more than a century — have killed at least 164 people. A 7.2 magnitude earthquake first struck roughly 100 miles west of Caracas, followed less than a minute later by another, even stronger 7.5 magnitude quake, according to the US Geological Survey (USGS). Interim President Delcy Rodriguez says at least 700 people were injured, while dozens of buildings collapsed in La Guaira state. The USGS warns the death toll could exceed 10k as rescuers continue to search through the rubble. The US, Chile, and China have already sent aid to the South American country.

^^Read more on: BBC, CNN, The Guardian, and Reuters.

IN THE BUSINESS PRESS- Memory chipmaker Micron jumped more than 16.4% in pre-market trading after posting stronger-than-expected 3Q earnings. The company has secured USD 22 bn in customer commitments for its memory chips — a surge largely driven by AI-related demand. Micron’s positive earnings and forecast have eased AI fears and sparked a broader rally across tech stocks.

^^Read more on: CNBC and Reuters.

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

  • MNT-Halan is weighing an IPO of its Egyptian business on the EGX as early as this year. The fintech unicorn has tapped Citigroup and EFG Hermes to manage the potential transaction, pitching investors an estimated valuation of up to USD 1 bn for its domestic operations;
  • Rolls-Royce entered the Egyptian market with a temporary showroom and service facility in New Cairo, ahead of a permanent showroom and design atelier due later this year. Beyond just a sales point, the company is positioning Cairo as a base to serve underdeveloped luxury markets across North Africa;
  • Chinese renewables equipment manufacturer Sany Group signed an MoU to build Egypt’s first wind turbine factory and a wind farm in the Gulf of Suez. The plant will have an annual production capacity of 2 GW.

☀️ TOMORROW’S WEATHER- We’re in for a particularly warm start to the weekend in Cairo, with temperatures set to hit a high of 35°C and a low of 24°C. Headed to the North Coast? You’ll be in for relatively cooler weather, with a high of 31°C and a low of 22°C, according to our favorite weather app.

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Office life

Great numbers on paper, stuck in practice

💼 Women applying for white-collar jobs in Egypt are more likely to hear back than men — employer view rates for female applicants are 6.2 percentage points higher than for male applicants, and contact unlock rates — a reliable proxy for interview invitations — are 1.4 percentage points higher per application, according to a new report by BasharSoft, the company behind the recruitment platform Wuzzuf.

The breakdown

What this means: The report draws on data collected across the platform over a full year, covering 5.4 mn job applications from more than 400k active job seekers across 50k+ job postings in 2025. The counterintuitive finding: women’s applications attract more employer attention. Yet women made up 35% of active job seekers while submitting only 29% of total applications — averaging 10.6 applications each, compared to 13.9 for men. Fewer women are entering the job search in the first place, and those who do apply less frequently.

The drop-off is starkest when you look at it by age. Between 17 and 23 — the university years and the period right after graduation — women’s application rates are nearly identical to men’s. After 24, the gap widens: by 25, men submit twice as many applications as women; by 36, three times as many; by 43, five times. This tracks almost exactly with marriage and childrearing age — and it doesn’t recover.

That fits a macro picture that’s worse than the platform data suggests. Women make up roughly 53% of university graduates in Egypt, but their share of the workforce is far smaller — female labor force participation stands at around 18%, against 73% for men, among the lowest rates globally. That figure is trending downward: female participation was approximately 23% in 2010 and has since fallen to around 16.5% in 2024 — a drop of more than six percentage points over 14 years, according to an OECD report — despite women’s continued dominance in university enrollment.

Behind the numbers

Several structural shifts are shaping this reality. The steady decline of public-sector employment in its traditional form — long the most compatible arrangement for marriage and childrearing — has given way to growth in the informal private sector. Unpaid care burdens compound the picture: married women in Egypt spend seven times as many hours on unpaid care work as men.

Childcare support is almost entirely absent — nursery coverage for children up to age four sits below 8%. Against that backdrop, demand for remote work is high: 18% of women on the platform prefer fully remote roles, compared to 8% of men. But only 7% of advertised jobs are fully remote, according to the report.

The pay gap isn’t going anywhere. Alongside a job market structure that offers little flexibility for women, the salary disparity persists: average advertised salaries for female-oriented roles on the platform stand at EGP 13k — against EGP 19k for gender-neutral roles and EGP 18k for male-oriented ones.

There is one notable exception to the salary gap pattern: software and IT, where the gender gap is minimal across all levels and actually reverses at the top — female software managers on the platform expect 11% more than their male counterparts, the only role category in the report where that occurs.

Equal education, unfortunately, does not ensure equal access to higher-paying private sector roles. The case for closing this gap goes beyond improving women's prospects alone — eliminating the employment gap could boost Egypt’s economy by as much as 56%, according to World Bank data.

If employer interest is already tilting toward women, the real improvement won’t come from the demand side — it will come from changing the conditions of work: more flexible and remote roles, expanded childcare capacity, and enforcement of the protections written into the 2025 Labor Law. Those are the real indicators of progress.

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ON THE TUBE TONIGHT

Out of prison, onto your watchlist

📺 What would you do if you were wrongly convicted of murdering your own son, spent years in prison, only to find out he might still be alive? That’s exactly the premise of Netflix’s latest mini-series, I Will Find You, adapted from Harlan Coben’s 2023 thriller novel of the same name.

The plot: David Burroughs (Sam Worthington) is a law professor serving a life sentence after damning evidence convicted him of murdering his son on account of his history of sleep terrors. The forensic evidence is tight, and not even his own family gives him the benefit of the doubt. Five years later, when David’s sister-in-law Rachel (Britt Lower) tells David his son might be alive, David quickly (and oddly) becomes a target in prison before breaking out to find his son. The series also stars Milo Ventimiglia, Logan Browning, and Madeleine Stowe, among other veteran actors.

What we liked: Action-packed with little time to catch a breather, the show is un-pausable, and we found it difficult to turn away at times. The entire cast, especially Worthington and Lower, delivers admirable performances. The cinematography is on point, supporting the dark, eerie premise of the show, and the soundtrack and score do some heavy lifting, too. The show does a commendable job of portraying love, grief, and vengeance.

What we didn’t like: The premise itself isn’t original and follows the stereotypical formula that has come to be synonymous with Netflix thrillers: a crime is committed, someone is wrongly accused, and justice is due. The series also falls victim to repetition and more than its fair share of red herrings, which can be frustrating at times.

The verdict: While I Will Find You might seem unrealistic at times, it’s still a worthy binge-watch (and if you’re not that enticed, it still functions as wonderful background entertainment as you go about your day at home). If you’re looking for a fast-paced, high-stakes, action-heavy watch — and don’t mind the logical hiccups — we’d say Netflix’s latest mini-series is worth giving a go.

WHERE TO WATCH- I Will Find You is available on Netflix. Watch the trailer on YouTube (watch, runtime: 1:56).

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Sports

The Pharaohs’ date with destiny

⚽ The match on everyone’s mind is happening this weekend. The Pharaohs are taking on Iran in the final Group G match at 6am this Saturday at the Seattle Stadium, on beIN Sports Max 1.

Egypt tops the group with four points. The path to qualification is straightforward: anything other than a loss puts us through to the round of 32. A draw is enough to ensure the top spot — unless Belgium beats New Zealand in the simultaneous fixture and overturns the goal difference.

On the radar this weekend

Group E wraps up tonight with two matches at 11pm:

  • Ecuador vs. Germany — beIN Sports Max 1;
  • Curaçao vs Côte d'Ivoire — beIN Sports Max 2.

Group F concludes in the early hours of Friday. Tunisia faces the Netherlands at 2am — a breezy night for the Dutch, who lead on four points and need only a draw or a victory to advance, against a Tunisian side that’s already out of the running. At the same time, Japan will be facing Sweden in a tighter watch, with both sides trying to stay clear of third place — a draw or a victory is enough for Japan, while Sweden would need all three points.

ALSO- Group D wraps up at 5am, with the US — already qualified and top of the group — facing Turkey, while Paraguay and Australia go head-to-head for second place, also at 5am.

On Friday evening, Group I concludes with two matches at 10pm:

  • Norway vs. France;
  • Senegal vs. Iraq.

In the early hours of Saturday, Group H closes at 3am with Cape Verde vs. Saudi Arabia and Uruguay vs. Spain — Spain would only need a draw to reaffirm their spot in the lead after their 4-0 demolition of Saudi Arabia.

The action spills into Sunday morning with the final round of group-stage fixtures, as follows:

  • DR Congo vs. Uzbekistan — 2:30am;
  • Colombia vs. Portugal — 2:30am;
  • Algeria vs. Austria — 5am;
  • Jordan vs. Argentina — 5am.

💡 NOTE- All World Cup matches air on beIN Sports Max 1, 2, 3, and 4.

🥅 ICYMI-

Three for three: Mexico wrapped up the group stage with three victories in three matches, beating the Czech Republic 3-0 at the Mexico City Stadium — where Mexico has never lost at a World Cup, across 1970, 1986, and — now — 2026.

An African upset: In the same group, South Africa pulled off a stellar result — beating South Korea 1-0 through a Thapelo Maseko goal to claim the second qualification spot, sending South Korea packing.

Brazil through, Morocco makes history: Brazil secured the top spot in Group C with a 3-0 victory over Scotland in Miami, ending Scotland’s hopes of advancing. Morocco followed with a 4-2 success over Haiti, becoming the highest-scoring African side in World Cup history.

In Group B, Switzerland beat Canada 2-1 — with both sides already through. Bosnia and Herzegovina beat Qatar 3-1 to finish third in the group and strengthen their case as one of the better third-place sides, while Qatar exited the tournament without a single success.

**Don’t miss out on the fierce competition in the EnterpriseAM Fantasy World Cup — click on this link or use the code 2CUFGASD to join.

This publication is proudly sponsored by

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Mark Your Calendar

Omar Khairat performs live at the Cairo Opera House

🎹 Up for a classy summer evening? Omar Khairat returns to the Cairo Opera House in Zamalek for a two-night run this Sunday, 28 June, and Monday, 29 June. The acclaimed composer will take over the opera’s main hall for a magical evening featuring his beloved compositions and symphonies. The concerts kick off at 7:30pm — you can get your tickets via Tazkarti.

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GO WITH THE FLOW

What the markets are doing on 25 June 2026

The EGX30 fell 0.5% at today’s close on turnover of EGP 8.8 bn (1.2% above the 90-day average). Local investors were the sole net sellers. The index is up 23.0% YTD.

In the green: Emaar Misr (+1.0%), TMG Holding (+0.8%), and Orascom Investment Holding (+0.7%).

In the red: Orascom Construction (-7.0%), Qalaa Holdings (-3.0%), and Edita (-2.8%).


🗓️ JUNE

10 June - 1 July (Wednesday-Wednesday): Artozium at AUC New Cairo.

13 - 27 June (Saturday-Saturday): One Mn In Your Pocket - Real Estate Training at Tolip El Narges, New Cairo.

13 June - 1 July (Saturday-Wednesday): Miriam Hathout: Donkey-Full Summer at Bugendai, O1 Mall in New Cairo.

20-30 June (Saturday-Tuesday): Diwan’s Bumps, Dents, & Bargains Bonanza at Diwan, Heliopolis.

21-28 June (Sunday-Sunday): The Stadium at Playa Strip By G Developments, North Coast.

25 June (Thursday): Sharmoofers at The Village.

25 June (Thursday): Elissa at Almasa Hotel in Nasr City.

26 June (Friday): Hamaki at El Arena.

26 June (Friday): The Play Festival at City Gate, New Cairo.

26 June (Friday): Ain Gamal Vol. 63 at The Theater, Movenpick, 6th of October City.

27 June (Saturday): Tamer Ashour at The Mall of Mansoura.

27 June (Saturday): Daleela Summit at Townhall, District 5.

28-29 June (Sunday-Monday): Omar Khairat at the Cairo Opera House, Zamalek.

28 June - 3 July (Sunday-Friday): Egyptian Fan Zone at The Green River, New Capital.

30 June (Tuesday): Early bird registration ends for The Marakez Pyramids Half Marathon.

30 June (Tuesday): June 30th Revolution.

JULY

1 July - 2 November (Wednesday-Monday): General registration for The Marakez Pyramids Half Marathon.

3 July (Friday): Ruby at O by Michel Fadel, Marassi.

4 July (Saturday): Ehab Tawfik at O Michel Fadel, Marassi.

6-20 July (Monday-Monday): Bibliotheca Alexandrina International Book Fair.

7-11 July (Tuesday-Saturday): Khayal Mareed Play at Theatro Arkan.

9-11 July (Thursday-Saturday): Comixandria at Jesuit Cultural Center, Alexandria.

10 July (Friday): Mohamed Fouad, Hamid El Shari, Hisham Abbas, and Hossam Hosny at Tiatro Romano, Marina 2, Al Alamein.

10 July (Friday): Honey Drop Vol.3 Ft. Disco Misr at Beachouse One, Seashell.

10 July (Friday): Ghaiboba by Saleh El Nawawy at Teatro 90.

11 July (Saturday): Saleh El Nawawy: Mo7tawa Saleh lel Estekhdam at Teatro 90.

17 July (Friday): Tamer Ashour at Cocoon Beach, Sidi Abdel Rahman.

23 July (Thursday): July 23rd Revolution 1952.

23 July (Thursday): Marwan Pablo & Lege-Cy at Porto Golf.

24 July (Friday): Adriatique at the North Coast.

31 July (Friday): Localine Vol.3 at Masyaf, Ras El Hekma.

31 July (Friday): Shorelines Festival at Almaza Bay.

AUGUST

6 August (Thursday): Massar Egbari at Bibliotheca Alexandrina.

6 August (Thursday): Deep House Bible at North Coast.

6-15 August (Thursday-Saturday): The Garden Market at Lakeyard, Hacienda Bay, North Coast.

7 August (Friday): Sherine at Porto Golf, Alamein City.

7 August (Friday): Cairokee Ft. Disco Misr at D-Bay, North Coast.

14 August (Friday): Nawal El Zoghby and Wael Jassar at Tiatro Romano, Marina 2, Al Alamein.

21 August (Friday): Black Coffee at Cubix North Coast.

25 August (Thursday): Prophet Muhammad’s Birthday.

27 August (Saturday): Jadal at Bibliotheca Alexandrina.

SEPTEMBER

26 September (Saturday): John Achkar’s Feena Nehke at Theatro Arkan.

OCTOBER

1-4 October (Thursday-Sunday): She Arts festival across Cairo and Alexandria.

6 October (Tuesday): Armed Forces Day.

15-23 October (Thursday-Friday): El Gouna Film Festival.

24 October (Saturday): Blue 25th Anniversary Tour at New Capital.

28-31 October (Wednesday-Saturday): Egypt’s Cheese Festival at Al Horreya Garden, Zamalek.

NOVEMBER

5 November (Thursday): Gala De Danza at the Grand Egyptian Museum.

11-20 November (Wednesday-Friday): Cairo International Film Festival.

19-28 November (Thursday-Saturday): Cairo Design Week.

28 November (Saturday): Shakira at the Pyramids of Giza.

DECEMBER

11-12 December (Friday-Saturday): TheMarakezPyramids Half Marathon at the Pyramids of Giza.

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