Good afternoon friends, and happy hump day. It’s shaping up to be a relatively busy news day with which to punctuate the week, with promises of updates on the state privatization program.

THE BIG STORY TODAY

We’re going to see some movement on the privatization front tomorrow: The government will sign an unspecified agreement with an unspecified private sector player as part of the state ownership policy tomorrow, according to a Cabinet statement seen by Enterprise.

We’ll know more tomorrow: Prime Minister Moustafa Madbouly will announce during a presser the details of the agreement, as well as the government’s plans for state asset sales in the coming period, the statement reads. A revised version of the policy plan leaked to the press in August indicated the government is looking to reel in USD 5 bn in investment through the sale of state-owned companies and assets to private sector investors through to June 2024.

THE BIG STORY ABROAD

Picking up where we left off this morning, the situation in the Red Sea continues to steer the conversation in the international press this afternoon, after US Defense Secretary Lloyd Austin announced yesterday the assembly of a multinational naval operation to protect the seaway following Houthi missile and drone assaults on passing vessels. (Reuters | Bloomberg)

COME WORK FOR OUR ADVISORY ARM- Enterprise Advisory (formerly known as Inktank Communications) is looking for smart, talented people to help us tell the stories of exciting companies. Enterprise Advisory is the region’s leading investor relations advisory company and works on investor and strategic communications issues that take you deep inside the c-suite. Our clients are in Egypt, Saudi Arabia, the UAE, and beyond. Egyptian and foreign nationals alike are welcome to apply, but native-level verbal and written English fluency is a must.

WHO YOU ARE- We're looking for gifted storytellers with a minimum of four years of work experience in investor relations, finance, banking, economics, or a related field to develop cutting-edge products and maintain relationships with a portfolio of clients. Candidates should have a bachelor's degree or higher in finance, accounting, economics, business administration, or a related discipline. We're looking for someone whose passion for storytelling is matched with strong analytical and problem-solving skills, as well as the ability to interpret and present financial data — with a keen eye for details and accuracy.

INTERESTED IN APPLYING? To apply for the position, drop us a line at jobs@enterprisemea.com and mention “Enterprise Advisory” in your subject line. Please send a solid cover letter telling us a bit about who you are and why you’re a good fit for our team. We want to see your CV, but the most important thing is a cover letter that makes us want to pick up the phone and give you a call.

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

HELP GAZA-

Want to support relief efforts in Gaza, but don’t know how? We’ve got you. More than 1 mn people in Gaza have been thrown from their homes and every human being there lacks access to food, water, and fuel amid the most intense bombardment any population has endured this century.

The folks at Talabat are processing donations for a range of Gaza relief appeals by charities including the Egyptian Food Bank and Misr El Kheir. Pay in EGP using your credit card.

Or check out our list of charities to which you can make direct donations via bank deposit and / or Fawry.

⛅ TOMORROW’S WEATHER- Look for a partly cloudy, partly sunny day with a high of 20°C during the day and a low of 13°C in the evening, according to our favorite weather app.

Tags: