Good afternoon, wonderful people, and Merry Christmas to all of you who are celebrating today, hopefully with family and friends.
This afternoon’s For Your Commute picks up where yesterday left off: Millennials areworried the internet has been enshittified, but a group of odd bedfellows (Zuck, meet Mastodon. Mastodon, meet Zuck.) think they may have a way of making the social web a lot more open and (possibly) a lot more pleasant. We have the rundown below.
And speaking of saving the internet — or at least saving us from the bowels of Egyptian internet — this song has been stuck in our heads since the weekend. It’s only fair to spread the pain around. Merry Christmas, y’all.
After a relatively busy morning, we are now being faced with a dead-silent afternoon, with no real big news to speak of here at home.
THE BIG STORY ABROAD
The latest attack on Gaza by IDF forces last night that claimed 91 Palestinian lives is leading the conversation in the international press, as the enclave has suffered one of its deadliest evenings since 7 October as Israeli airstrikes intensified in central Gaza, says Reuters. At least 68 Palestinians were killed in al-Maghazi refugee camp, adds the Associated Press, whereas in Khan Younis, 23 more lost their lives — bringing the overnight death toll to 91, continues Reuters. Meanwhile, a joint Egypt-Qatari three-step proposal has been submitted to Israel, the US and European governments to end the attacks. The steps include a ceasefire, progressive hostage releases, and the formation of a new Palestinian government, tell us the Associated Press and Reuters. The US is also pushing for the Palestinian Authority to govern Gaza through meetings with President Mahmoud Abbas in the West Bank. However, Israel isn’t playing ball, as it continues to refuse to unblock USD 140 mn in taxes meant for Gaza alongside the salaries for the Palestinian Authority in the West Bank, explains the Washington Post.
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.
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** CATCH UP QUICK on the top stories from today’s EnterpriseAM:
- Jaz Hotel Group’s EGP 3.5 bn expansion: Travco subsidiary Jaz Hotel Group has acquired two hotels near the Pyramids and six cruise ships for a total of EGP 3.5 bn.
- It has been a very busy day on the debt front, with not one, not two, but three securitization issuances announced in the past 24 hours.
- Life for early stage startups and businesses is getting tougher and tougher as restrictions on the use of foreign currency pile up. Every business that needs to pay Google or Microsoft — or that wants to run an ad campaign online, pay for cloud infrastructure, subscribe to a monitoring service, or pay for an industry-specific software tool — needs access to foreign currency.
?️ TOMORROW’S WEATHER- Look for patches of clouds tomorrow as the mercury hits a high of 23°C at its peak in the day and drops to a cooler 16°C in the evening, our favorite weather app tells us.