Good afternoon, wonderful people, and welcome to an exciting (and busy) start to the new month.

THE BIG STORY TODAY

Taqa Arabia’s shares will be listed on the EGX by Thursday, after the EGX’s listing committee signed off on the Qalaa Holdings subsidiary’s temporary listing, the EGX said in a statement (pdf). The company will have six months to meet listing requirements, including minimum quotas for the number of listed shares and shareholders, and obtain regulatory approvals before trading on its shares begins.

THE BIG STORIES ABROAD

The international press has its attention on OPEC+ and China-US relations this afternoon:

#1- OPEC+ countries appear to be struggling to reach agreements on more output cuts as the cartel meets in Vienna, with members of the group reportedly butting heads over production quotas for each country. The outcome of today’s discussions might lead to output cuts of up to 1 mn bbl / day. CNBC | WSJ | Reuters | Bloomberg

#2- China, US differences persist even as they work to mend fences: Chinese Defence Minister Li Shangfu stressed the importance of dialogue over confrontation between China and the US saying that a conflict would be an “unbearable disaster for the world,” Reuters reports. Speaking at Asia’s top defense summit in Singapore, Li Shangfu emphasized that China would not allow patrols of the US and its allies in the sensitive Taiwan Strait and the South China Sea to be a “pretext to exercise hegemony of navigation.” US Secretary of Defense LIoyd Austin said that dialogue with China “is not a reward, but a necessity.”

The story got coverage inBloomberg,Financial Times, CNN, BBC, amongst others.

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

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.

In today’s issue: A delegation from the African Association of Automotive Manufacturers visited East Port Said’s integrated industrial zone yesterday to kick the tires on potential investments, and hear from local players. We break down what happened during the meetings, and how the association sees Egypt taking the lead in Africa’s automotive market in the next decade.

ENTERPRISE IS LOOKING FOR SMART, TALENTED PEOPLE of all backgrounds to help us build some very cool new things. Enterprise — the essential morning read on all the important news shaping business and the economy in Egypt and the region — is looking for writers, reporters and editors to help us build out new publications. Today, we run four daily Egypt and MENA-focused publications, five weekly industry verticals, and a weekend lifestyle edition designed to make our readers feel just a bit smarter.

We have tons more in the pipeline — come help us build new publications. We offer the chance to work in a fast-paced newsroom on a broad range of topics and in a variety of formats. Our goal is simple: To create value for our growing community of >250k daily readers by telling stories that matter.

Journalists looking to explore business, finance and economic stories are welcome. So are recent journalism school graduates.

That said, we're looking for gifted story-tellers from all walks of life and across all professions, as long as they show a keen interest in learning to write about the stories, topics, businesses, and figures moving markets. Egyptian and foreign nationals alike are welcome to apply. So are job-switchers: If you’re an equities analyst tired of the rat race, we’re a great place to come work.

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

During the program you will learn:

  • The key news stories and trends shaping business and the economy in Egypt and the region, across various sectors;
  • Business and finance for non-finance people: Whether it's industry jargon or key concepts or simply how to read a balance sheet;
  • How to construct an Enterprise story: From idea formulation down to the structure, style and tone of writing;
  • How to develop sources that will give you the key insights needed to tell a complete story;
  • How to communicate these stories with the confidence and language of an insider.

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, while also working on and filing 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.

☀️ TOMORROW’S WEATHER- Sunny skies are back tomorrow with highs of 34°C that will drop to a mild 21°C at night. Our favorite weather app is still warning us of strong winds that will be picking up some dust as the night progresses.

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