Cloud-stream games

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WHAT WE’RE TRACKING TONIGHT

THIS EVENING: EMX will begin trading sugar from tomorrow

Good afternoon, friends and happy Wednesday. We still have one more day to go before the weekend, although this is the last issue of EnterprisePM for the week:

PSA- We will not be in your inboxes tomorrow. We take occasional publication holidays throughout the year during quiet seasons when we need a bit of time to tool up, do some training, or gear-up to do something new. We’re doing all three tomorrow, and that means EnterpriseAM, Enterprise Climate, Enterprise Logistics and EnterprisePM will all be off. We’ll be back to our normal publication schedule on Friday with Enterprise Weekend.

THE BIG STORY TODAY

Sugar is coming to the EMX: The Supply Ministry will begin selling sugar on the Egyptian Mercantile Exchange (formerly known as Egycomex) as of tomorrow, Reuters reports. The exchange — which already offers yellow corn and wheat — has invited traders to register on the EMX to start trading sugar, Reuters reports, citing a statement from EMX head Ibrahim Ashmawy.

THE BIG STORY ABROAD

We have a very mixed bag in the international business press this afternoon, with no single story leading the conversation. Among the headlines to keep an eye on:

US asks Iran to stop selling drones to Russia (Financial Times)
Maui tourism, an economic mainstay, sparks anger amid fire ruin (Reuters)
China’s Tencent misses expectations despite fastest bottomline rise since late 2021 (CNBC)
Saudi pile of US treasuries at six-year low in shift to risk (Bloomberg)

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

Gov’t wants more for the Gabal El Zeit wind farm: The Madbouly government is in talks with Actis in a bid to convince the UK-based emerging markets private equity giant to pay USD 600-800 mn for the 580-MW Gabal El Zeit wind farm.
Kashier, NARD partner to provide integrated payment solutions: Egyptian e-payments startup Kashier Payments has signed a partnership agreement with multinational retail management and cloud software firm NARD to provide a payment acceptance service to merchants.
The earnings dump continues: The end-of-earnings-season rush continued yesterday, with a number of EGX-listed companies releasing their 2Q / 1H 2023 financials.

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 ask some of the biggest multinationals and suppliers operating here — namely, in logistics, e-commerce, and FMCG — what it is they’re looking for in a local partner, product or service and what are some of the pain points they’ve had to cope with. We were joined on that panel by Khaled Morsy, CEO of DB Schenker Egypt, Omar Elsahy, General Manager at Amazon Egypt, Tarek Kame l, Chairman and CEO of Nestlé Egypt and Sudan.

☀️ TOMORROW’S WEATHER- Are we breaking into the 40s again? Our favorite weather app sees daytime highs of 40°C from tomorrow and through the weekend, with the nighttime low hitting 25°C tomorrow and Friday, and 24°C on Saturday.

Don’t stop fidgeting — it might be good for your health + Netflix starts beta test of cloud-stream games

Fidgeting might actually have benefits: Although fidgeting is typically perceived as a sign of boredom or restlessness, recent research suggests that it may actually be good for you, according to the BBC. Fidgeting can help burn calories, manage stress, improve focus and concentration, and possibly even live longer. “If you're sedentary, that's not good for you. But if you are sedentary and fidget, then actually that does reduce your risk of long-term ill health,” a nutritional epidemiologist explained on the BBC’s The Infinite Monkey Cage.

Fidgeting can help with weight management: Worldwide obesity has nearly tripled since 1975, and sitting for long periods — particularly as desk-based work is increasingly common — is thought to be a contributing factor, BBC reports. One study found that fidgeting while sitting can increase the amount of calories burned by 29% compared to lying down without moving. Fidgeting when standing can boost the number of calories burned by 38%, according to the study. In another small study, obesity expert and professor of medicine at the Mayo Clinic James Levine and his team examined the impact of fidgeting on weight gain. They overfed 16 lean volunteers by 1k calories a day for eight weeks. Some participants were “remarkably resilient” to weight gain due to the fidget factor. The study found that overfeeding increased energy expenditure by 700 calories per day, primarily through fidgeting, BBC reports.

Netflix games go live in Canada and UK: Netflix launched a limited beta test of cloud-streamed games in Canada and the UK on Monday, the company said in a blog post. The beta test will allow a small number of subscribers to play games — starting with Oxenfree and Molehew’s Mining Adventure — on selected TVs, connected TV devices, and on its web platform. The beta version is meant to test the company’s game streaming technology and controller. “We’ve been focused on creating a great gaming experience for our members since 2021 when we added mobile games to Netflix,” Netflix Vice President Mike Verdu said. “While we’re still very early in our games journey, we’re excited to bring joy to members with games,” he added.

From an elephant poacher to a kidnapper + murderer: The story of Veerappan

? ON THE TUBE TONIGHT-
(all times CLT)

The Hunt for Veerappan is a true crime Netflix docu-series chronicling the life and crimes of Indian bandit and poacher Veerappan, including the years-long manhunt that eventually ended his string of kidnappings, murders, and smugglings. The four-part documentary follows the life of the controversial criminal known for sporting a big mustache and a bigger gun, and how he went from being an elephant poacher in the forests of southern India to becoming a domestic terrorist. He was charged for kidnapping high-profile politicians and holding them for ransom, killing a large number of forest officials, police officers, and over 2k elephants, as well as stealing ivory and sandalwood worth USD mns. It wasn’t until he was an active criminal for 34 years — during which time he also built a family — that the Special Task Force of Tamil Nadu Police caught and killed Veerappan in 2004. The documentary includes interviews with some of Veerappan’s gang members, his widow Muthulakshmi, members of the Special Task Force, investigative journalists, and the Tamil Nadu Liberation Army.

⚽ After the big leagues kicked off last week, we’re in for a calmer football day — albeit not an eventless one, with Champions League defending champions Manchester City and Sevilla, the Europa League title holder, meet in Athens to battle it out for the UEFA Super Cup at 10pm. Tonight will mark the first time Man City is competing for the Super Cup, with the team looking to add another title to the treble under its belt from the last season, when it earned the Premier League, the FA Cup, and the Champions League. Meanwhile, Sevilla has the highest number of Europa League titles, having taken home seven trophies, and is looking to add a second Super Cup to its trophy collection, after earning the cup once — despite making it to six of the matches.

Excuse mon French: The Miam Miam was made to satisfy that all-too-familiar post-beach knot of hunger. The food truck, which is located in the North Coast’s Hacienda Red, delivers to a number of nearby compounds. The menu draws inspiration from French cuisine — more specifically, Miam Miam’s burgers are heavily influenced by the decadent beef bourguignon, “tender, slow-cooked beef tucked into a soft and fluffy potato bun.” The family-owned business, which is run by a young couple, also features on its menu smashed wagyu beef burgers, duck confit sandwiches, hotdogs, and a variety of fried chicken sandwiches.

BONUS POINTS- You can make every sandwich your own by adding from a range of toppings — like onion jam and sautéed mushrooms — and sauces — think jalapeño ranch or apricot chutney.

Singer Hakim will perform tomorrow — ticketsare available on Tazkarti.
Mohamed Mohsen and maestro Ahmed Oweida will share a stage tomorrow, while actor Ali Quandil will also perform a standup comedy show. Tickets for both performances are available on Tazkarti.
Angham will be performing this Friday, 18 August — tickets are available on Tazkarti.

Get some more laughs over the weekend with The Elite Standup on Friday, 25 August at Paragon Beach Hub, New Alamein. The show will start at 7pm. Tickets are available on Tazkarti.

Akher Zafir is back again: The Jordanian rock band is back in Egypt to hold a performance on Saturday, 19 Augustin 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, 22 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.

Get your running shoes ready for the 2023 edition of the El Gouna Half Marathon, which is scheduled to take place on Saturday, 11 November. You can sign up for the marathon from here — and catch the lowest registration price with the early bird special which starts today and ends Saturday, 30 September.

Just when we thought we’d had enough of thrillers, we stumbled upon Clémence Michallon’s The Quiet Tenant . A seemingly ordinary father and husband, Aidan Thomas also happens to be a serial killer with eight murders under his belt and a desire for more. But no one in his upstate New York community suspects his dark secret — nor the fact that he has kidnapped another woman, Rachel, whom he has kept locked in his shed for years. Things get more complicated when Aidan’s wife dies and Aidan has no choice but to move with his teenage daughter, Cecilia. The new widower decides to take a risk: Introduce Cecilia to his victim in the hopes that the latter’s trauma from being held captive for so long will bend her into submission to make her play along with his narrative. Rachel, Aidan tells Cecilia, is just a friend they are helping out for a while. But Rachel has other plans in mind when she comes into contact with the young girl. This page-turner is all at once exciting, disturbing, and written with just the right amount of tension and suspense to leave us stirring and out of breath.

What the markets are doing on 16 August, 2023

The EGX30 rose 0.5% at today’s close on turnover of EGP 2.6 bn (28.3% above the 90-day average). Local investors were net sellers. The index is up 23.7% YTD.

In the green: Juhayna (+20.0%), Egypt Kuwait Holding (+3.1%) and Ezz Steel (+2.8%).

In the red: Beltone Holding (-6.3%), Eastern Company (-2.7%) and Qala Holdings (-2.7%).

THE ENTERPRISE ENTERTAINMENT CALENDAR

AUGUST

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

17 August (Thursday): Ahmed Mohsen and Ali Qandil performance, New Alamein Festival 2023, New Alamein.

17 August (Thursday): Hakim’s Concert, New Alamein Festival 2023, New Alamein.

18 August (Friday):Angham’s concert, New Alamein Festival 2023, New Alamein.

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.

25 August (Friday): The Elite stand up comedy performance, New Alamein Festival 2023, Paragon Beach Hub, 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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