Good afternoon, folks, and happy almost-weekend. Today, we’re asking a question that’s been nagging at us for a while: Why — in a country that built the Arab world’s literary infrastructure from the ground up — are original English-language works by Egyptian authors so hard to find here? The authors exist. The readers exist. So what’s missing? We get into it below. Elsewhere in the issue, we break down a book on accents — where they come from, what they reveal, and why we sound the way we do. That and more.
Without further ado, the news…
THE BIG STORY ABROAD-
🌐 It’s a slow day on the global newsfront, with no single story dominating. The US-Iran conflict remains in the spotlight following reported Houthi attacks on shipping Tuesday — adding another layer of risk to already strained maritime routes as hopes of ending the Iran war begin to fade. Meanwhile, Tehran said the Strait of Hormuz will remain closed unless Washington meets its conditions, keeping the key oil and shipping chokepoint firmly at the center of the stand-off as US President Donald Trump once again turns up the pressure over the strait. Trump insists that Washington remains in control of the critical waterway, warning that Iran would “get blown away” if it tried to “do something.”
^^Read more on: CNN and Reuters.
AND- The US president remains under scrutiny as he confirmed he was indeed hidden away in a catering truck as he left Air Force One on a trip back from Turkey last month. “I go by Secret Service and the military. They wanted me to go in a different flight, different plane. I just have to do what they say,” he said.
^^Read more on: Associated Press, BBC, and The Guardian.
CLOSER TO HOME- Israeli forces reportedly dropped flares near Khiam in Southern Lebanon on Tuesday, sparking a fire in a wooded area. Firefighters attempting to put out the blaze were forced to retreat after a drone struck nearby, according to Nabatieh civil defense chief Hussein Fakih. This comes as firefighters and residents in Lebanon accuse the Israeli military of deliberately igniting wildfires across the region, with environmental groups warning that repeated blazes are damaging forests, farmland, and local ecosystems.
^^Read more on: The Guardian.
ICYMI- Lebanon became the first Middle Eastern country to move to abolish the death penalty following a parliament vote. The legislation now heads to the cabinet before being passed to Lebanese President Joseph Aoun, where it’s expected to pass.
^^Read more on: Reuters, BBC, and France 24.
IN OTHER NEWS- The UK, Spain, Iceland, and multiple countries across Europe gear up for the most significant solar eclipse since 1999 today. A total solar eclipse will sweep across parts of Europe, with the moon completely blocking the sun along a narrow path through Iceland, northern Spain, and a small corner of Portugal. In Spain, the eclipse will arrive shortly before sunset, creating a rare “sunset eclipse” as the skies briefly darken. A partial eclipse will also be visible across much of Europe, northwestern Africa, Canada, and parts of the northern US.
^^Read more on: CNN, BBC, Reuters, and Associated Press.
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** CATCH UP QUICK on the top stories from today’s EnterpriseAM:
- The Finance Ministry is allocating EGP 6 bn for the third cash-payment batch covering export-subsidy arrears on shipments made before 1 July 2024. Exporters can apply for the batch from 16 August through 1 October, with payments scheduled for 22 October. The EGP 6 bn allocation sits within the government’s broader EGP 60 bn settlement mechanism designed to restructure all outstanding export dues on pre-July 2024 shipments;
- Pharma giant GSK Egypt’s stock briefly touched a record EGP 609 yesterday before cooling off to close 5.77% higher on the day at EGP 550. This is the latest leg of a staggering run that has taken the stock from just EGP 71.48 on 1 July to yesterday’s peak, marking a 670% jump in under six weeks. Trading volumes have also exploded, climbing from roughly 28.7k shares in early July to a peak of 2.41 mn shares late last week;
- E-finance is looking to fully acquire local microfinance provider Tamweely Financial Services for EGP 4.5-5 bn. An agreement is set to be signed this month, and the transaction is subject to a green light from the Financial Regulatory Authority and the Egyptian Competition Authority;
- Our Friends at CIRA Education are lining up EGP 2 bn in fresh investment over the next two years as the company transforms from a school and university operator into an integrated platform spanning education, healthcare, and job-focused vocational training.
☀️ TOMORROW’S WEATHER- To quote La La Land, it’s another day of sun. Temperatures in the capital tomorrow are set to peak at 38°C, with an overnight low of 27°C. If you’re headed up to the North Coast, expect cooler conditions, with a humid high of 32°C and an overnight low of 24°C, according to our favorite weather app.






