Want to lead a cult?

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WHAT WE’RE TRACKING TONIGHT

THIS EVENING: Shell plans to begin drilling new gas exploration wells next month

Happy Wednesday, dear readers. We have nearly come to the end of a week packed with news that the blackouts have clearly not abated.

THE BIG STORY TODAY

Shell to drill new gas wells in the Med next month: Energy giant Shell is set to begin drilling new gas exploration wells at its concession areas in the Mediterranean in September, Asharq Business reports, citing a government source. The first of these deepwater wells will see Shell investing north of USD 80 mn, the source said, adding that the seismic survey work for three of Shell’s concessions in the Mediterranean has been completed.

THE BIG STORY ABROAD

The Donald’s second indictment is flooding the international press today. The Department of Justice indictment is the result of an investigation by special counsel Jack Smith who claims that Agent Orange has meddled in the 2020 election results in an effort to thwart the certification of Joe Biden’s presidential win. It also includes some of his activities, along with his entourage and the lead-up to the January 6 2021 attack on the US Capitol. Read more about the indictment on: CNN | Reuters | Associated Press | BBC | Financial Times

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

Net foreign liabilities widened in June, says CBE: Egypt’s net foreign liabilities hit a new high in June amid the country’s continuing FX shortage.
Beltone reportedly wants this Minya-HQ’d microlender : The micro finance provider being targeted for acquisition by Beltone Financial has been named as Minya-based Cash.
SFE not interested in Misr Pharmacies: The Sovereign Fund of Egypt (SFE) is not currently involved in any discussions with the owners of Misr Pharmacies to acquire a stake in the company.

MARK YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 September at the St. Regis Hotel in Cairo. This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy.

TAP OR CLICK HERE if you want to express interest in attending. We’ll be sending out the first batch of invitations soon.

Do you want to become a commercial partner? Ping a note to Moustafa Taalab, our head of commercial, or fill out this form and we’ll be in touch.

STAY TUNED for more detail about our agenda.

DID YOU MISS THE ENTERPRISE EXPORTS AND FDI FORUM? Tune in to the Enterprise Podcast and listen for yourself : The Enterprise Podcast is back with another installment of our forum series, where we bring you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum, which took place in May.

WANT TO LISTEN? Head to: Apple Podcast | Spotify | Google Podcast | Anghami. We’re releasing a new episode every Sunday morning.

IN THIS WEEK’S EPISODE- We look at whether industrial clusters — which have been used to great effect elsewhere — can be a way for SMEs to be part of a potential export-oriented economy. Our speakers shed light on where industrial zones are working for us already, how Egypt can leverage clusters to get a bigger slice of that cross-border trade, and how industrial clusters can bring together SMEs to work with larger firms. We were joined on that panel by Shady Williams, managing director of IDG, Mohamed ElGebely, team leader at USAID Trade, and Nada El Ahwal, CSO of Transmar.

☀️ TOMORROW’S WEATHER- The temperature is staying at 38°C at its highest tomorrow and dropping to 25°C at night, according to our favorite weather app.

Did you know that greenhouse gasses were discovered by a woman?

The greenhouse effect was discovered by female activist and physicist Eunice NewtonFoote, according to New Scientist. Foote conducted an experiment where she tested the heating effect of sunlight on different gasses deducing that sunlight had the highest effect on carbonic acid, which led to her conclusion that “an atmosphere of that gas would give to our earth a high temperature.” Her findings were presented at an annual meeting for the American Association for the Advancement of Science in 1856 by the Smithsonian Institution’s secretary, Joseph Henry, not by Foote.

Her discoveries went unrecognized for decades: Although Foote’s presentation was in 1856, the discovery of the greenhouse effect was accredited to physicist John Tyndall, who carried out his experiments in 1859 — just two years after Foote. It was only in 2011, when Raymond Sorenson, an amateur historian, uncovered a report of Foote’s presentation at the 1856 American Association meeting — the first article by a woman physicist — that her contributions were publicly known.

Navigating the nice-authoritative balance at work is complicated to achieve, the Wall Street Journal reports. While many people are instinctively sweet, too much of a good thing can be detrimental to one’s career, a speaking coach says. While wanting to be liked is a natural tendency, being too agreeable can affect results and be perceived as lacking leadership skills and the necessary personality traits — like confidence — to steer employees forward and reach objectives.

Women at work: Damned if you do, damned if you don’t. This issue is particularly pronounced for working women who face more stringent social expectations at the workplace: If they’re too sweet, they’re not taken seriously. And if they establish their authority, they’re accused of being forceful and hostile, the article says.

But it’s not a hopeless case: You can be serious and firm without being a bully. In short, you can be your usual pleasant self without going over the top in either direction. The key is to set your boundaries, be assertive — without being cruel, a negotiations coach argues.

Peter Dinklage narrates this satirical take on cult leaders

? ON THE TUBE TONIGHT-
(all times CLT)

How to Become a Cult Leader is yourhow-to guide on how to become an OG influencer. Netflix’s second installment in their satirical How to Become series (the first being How to Become a Tyrant) is a tongue-in-cheek manual to becoming a cult leader. The six-episode season ( watch trailer, runtime: 1:30) is once again narrated by Peter Dinklage, and dedicates one episode each to an infamous cult leader, such as Charles Manson who most of us are pretty familiar with by now. The show features interviews with experts in the field and breaks down the formula used by these notorious con men (and women) to gain power and a terrifying amount of influence over the masses. The half-hour episodes may not delve too deep into the logistics of brainwashing the public, but maybe it’s for the best. You can find the brand new season of this anthology on Netflix.

Meat Party can’t bear to see you hungry. Renowned for their succulent melt-in-your - mouth barbecue and seafood boil dining experiences they decided to deliver the party right to your doorstep. While it’s impossible to offer their whole menu, they’ve opened The Sandwich Bar to bring you the next best thing. From truffle burgers, chicken buns, brisket rolls and molasses bbq wings, The Sandwich Bar is a taste of what Meat Party can bring to your next gathering. We tried one of each of the burgers, chicken buns, rolls, and wings to give you a comprehensive review. The stars were the Fresh Prince Roll, the Buffalo Chick Bun, and the Ducking Good Burger. The roll is made up of thinly sliced ribeye steak, sauteed onions, and american cheese sauce. No distractions, just straight to the point and absolutely mouthwatering. The Chick bun is everything you want from a good chicken burger: Crispy, tender chicken, coleslaw to brighten the flavor palate, and delicious blue cheese to make the spicy buffalo sauce really pop. The Ducking Good Burger is aptly named because it is exactly that — ducking good. The crispy duck bacon and molasses bbq sauce really take this already amazing burger to the next level. Just keep in mind that the sandwich portion is medium-sized, but you can order up to three patties. Lastly, they only deliver in Maadi but Meat Party are happy to cater to your events anywhere in Cairo.

Akher Zafir is back again: The Jordanian rock band is back in Egypt to hold a performance on Saturday, 19 August in Bibliotheca Alexandrina as a part of the summer carnival. You can reserve your tickets through their website. They will also be performing in Cairo at ElSawy Culturewheel in Zamalek on Monday, 21 August at 8pm, with tickets available for purchase from the venue’s website.

Russ is coming to New Alamein. American pop star Russ will be performing as part of the New Alamein Festival on Friday, 25 August. Tickets are available on Tazkarti.

Get ready for a fancy event with exquisite music at the Omar Khairat concert at Royal Maxim Palace Kempinski on Tuesday, 28 August. The concert will start at 6:30pm until 10:30pm. Get your tickets on TicketsMall.

DJs Kygo , Tiësto, Kungs and Frank Walker are performing on Saturday, 28 October at the Giza Pyramids. The concert will be part of the next edition of the four-day Palm Tree Music Festival (PTMF) which will be held from Thursday, 26 October until Sunday, 29 October.

El Gouna Half Marathon, 2023 ’ announcement is out. Get your athletic gear on point for the fifth edition for RunElGouna on Saturday, 11 November. Make sure to catch the lowest price guarantee period that will end tomorrow. You can sign up for the marathon from here.

Lady Tan's Circle of Women is a work of historical fiction by author Lisa See whose bibliography includes novels like The Island of Sea Women and China Dolls. In her latest title, See invites us to embark on a journey through time and space: The story is set during the Ming Dynasty in 15th-century China where two young women, Yunxian, granddaughter to one of China’s very few female physicians, and Meiling, as they join forces to help other women navigate through and overcome their illnesses during a time where male physicians could only do so much. But despite their best efforts, the mores of their culture get in the way and the women, ironically, are stifled by another woman as Yunxian’s mother-in-law forbids her from seeing Meiling and focusing her efforts instead on fulfilling more traditional roles as a wife and mother. What follows is a story of determination and perseverance against difficult odds as Yunxian discovers ways to be able to overcome the social obstacles and fulfill her calling of treating women of all social classes.

What the markets are doing on 2 August, 2023

The EGX30 fell 0.3% at today’s close on turnover of EGP 2.9 bn. Foreign investors were net sellers. The index is up 19.6% YTD.

In the green: Alexandria Containers (+2.8%), Eastern Company(+2.6%) and Beltone Financial (+2.0%).

In the red: GB Corp (-5.9%), Alexandria Mineral Oils (-3.9%) and Palm Hills Development(-3.0%).

THE ENTERPRISE ENTERTAINMENT CALENDAR

AUGUST

2 -3 August (Wednesday-Thursday): Fintech Revolution Summit, Cairo Festival City.

3 August (Thursday): Massar Egbari concert, Bibliotheca Alexandrina, Alexandria.

3 August (Thursday): Medhat Saleh and Reham Abd El Hakim concert, New Alamein Festival 2023, New Alamein.

4 August (Friday): Mounir and Hamid El Shaeri concert, New Alamein Festival 2023, New Alamein.

5 August (Saturday): Elissa and Tamer Ashour concert, New Alamein Festival 2023, New Alamein.

8 August (Tuesday): Jadal concert, El Sawy Culturewheel, El Zamalek, Cairo.

10 August (Thursday):Omar Khairat concert, the New Alamein Festival 2023, New Alamein.

10 August (Thursday): Carole Samaha and Bahaa Sultan concert, New Alamein Festival 2023, New Alamein.

10 August (Thursday): Jadal concert, Bibliotheca Alexandrina, Alexandria.

11 August (Friday): Amr Diab Summer Concert, Golf Porto Marina, North Coast.

13 -19 August(Sunday-Saturday): El SawyCulturewheelbook fair, ElSawy Culturewheel, Zamalek, Cairo.

12 August (Saturday): Massar Egbari concert, El Sawy Culturewheel, Sheikh Zayed, Cairo.

21 August (Monday): Akher Zafeer concert, El Sawy Culturewheel, El Zamalek, Cairo.

22 August (Tuesday): Omar Khairat Live Concert, Royal Maxim Palace Kempinski, Cairo.

25 August (Friday): Russ Concert, New Alamein Festival 2023, New Alamein.

SEPTEMBER

21-23 September (Thursday-Saturday) L’Etape Egypt by Tour de France, Sharm El Sheikh

26 September (Tuesday): Prophet Muhammad’s birthday (TBC).

28 September (Thursday): National holiday in observance of Prophet Muhammad’s birthday (TBC).

OCTOBER

6 October (Friday): Armed Forces Day.

13-20 October (Friday-Friday): El Gouna Film Festival (GFF).

28 October (Saturday): Djs Kygo, Tiësto, Kung and Frank Walker concert, Giza Pyramids.

NOVEMBER

11 November (Saturday):El Gouna Half Marathon 2023, El Gouna.

15-24 November (Wednesday-Friday): Cairo International Film Festival (CIFF).

EVENTS WITH NO SET DATE

2023: The inauguration of the Grand Egyptian Museum.

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