Good afternoon, friends, and happy Thursday. The news lull continues this afternoon as we wrap up the work week.
THE BIG STORY TODAY
More renewables on the way: Procedures to install UAE’s Masdar, Hassan Allam Utilities, and Infinity Power ’s solar project — which aims to add 1.2 GW of energy and 240 MW/hour of storage batteries — was approved by the cabinet during its weekly meeting today. The consortium’s proposal to begin studying the possible implementation of a 4-GW solar power plant was also greenlit.
More projects by AMEA Power: In the same meeting, the cabinet also approved the implementation procedures of solar and wind energy projects for UAE’s AMEA Power, and its proposal to set up a storage batteries project.
An effort to end the power crisis: The approvals came as part of the government’s efforts to add more renewable capacities to the grid to end the current power crisis and meet local consumption needs by next summer.
THE BIG STORY ABROAD
The Democratic National Convention, now on its third day, is still headlining international news outlets. As he accepted his vice presidential nomination, US Governor Tim Walz encouraged fellow Democrats to abandon political rivalry and be neighborly towards Republicans, a change of tone from former US presidential candidate Hillary Clinton, who called Trump supporters a “basket of deplorables.” Many figures in the political and public arena attended the convention in a show of support of the running candidates, including the Obamas, Oprah Winfrey, and former US President Bill Clinton. (NYT | CNN)
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No enforced FX withdrawal limits in the works, insists the CBE: “Each bank has the discretion to determine its policy” for FX withdrawals, the central bank said in a statement yesterday following reports that led to online speculation that enforced limits are in the works.
Attention, Egypt investors: Our friends at HSBC, together with the Egyptian-British Chamber of Commerce (EBCC) and UK Export Finance (UKEF), will host a webinar next week to discuss how to support infrastructure reforms, potential partnerships in Egypt, and ways to support and connect companies around the world.
A sneak peek at the agenda for parliament’s next session: Prime Minister Moustafa Madbouly yesterday presided over a meeting where government officials reviewed the draft laws that will be presented at the parliament’s upcoming session.
☀️ TOMORROW’S WEATHER- The mercury is peaking in Cairo at a high of 36°C before simmering to a low of 26°C by nightfall, according to our favorite weather app. Sahel and Alexandria are seeing cooler weather, with highs of 31-32°C and lows of 24-25°C.
Barcelona’s tourist appeal is now becoming a bit of a double-edged sword for the locals. The city, known for its cultural charm, is drawing in more tourists than the Spaniards can handle, with the locals watching all the quaint squares and quiet markets being converted to selfie stages for social media.
This isn’t about a few noisy nights. Take Carmel Bunkers, once a modest lookout post. This spot has turned into a raucous selfie station thanks to the social media obsession with hidden gems — something that only those local to the area know about. Or even Boqueria market — once upon a time, locals used to pop in for fresh produce and a chat with the vendors, now it’s more of a tourist trap buffet.
This is a ripple effect spanning three decades. After the city’s Olympic attention in ‘92, followed by the budget airline boom, and more recently, the arrival of Airbnb — the city’s streets filled up. As the number of tourists increased, so did the rent, making it harder for locals to stick around.
But Barcelona doesn’t want their residents to say adios. The city is trying to reverse some of the traction it gained and is still gaining by banning the construction of new hotels, hiking tourist taxes, and cracking down on short-term rentals to discourage temporary migrants.
Mon Laferte rocks her own biopic.Mon Laferte, te amo follows the celebrated Chilean-Mexican singer-songwriter as narrates the journey that took her from a troubled childhood to musical stardom.
Mon’s appearance on a reality TV show launched her into the spotlight, and moving from Chile to Mexico gave her the freedom to fully pursue her music, which she saw as a tribute to her grandmother, a trailblazing musician at a time where women lyricists were rare. Yet, her journey wasn’t without its dark moments. Her parents’ divorce upended her life, and her mother’s new abusive partner devastated the family.
The raw, personal storytelling is accompanied by a great use of visuals to match her emotional ups and downs — warm and vibrant for the good times, and stark and grainy for the bad. The documentary also weaves in Laferte’s music seamlessly — they aren't just background soundtracks; they each echo her life experiences.
WHERE TO WATCH- You can watch the biopic on Netflix or watch the trailer (runtime: 2:37).
Related
⚽ The Pyramids have secured their spot in the Egypt Cup semi-finals after securing a 4-0 victory against El Gouna. The rest of the three quarter-final matches:
Pharco vs. Al Masry (9pm).
Modern Future vs. ZED (Saturday, 9pm).
El Gaish vs. Ismaily (Saturday, 9pm).
La Liga is rolling into its second round tomorrow, with Celta Vigo going head to head with Valencia at 10pm, followed by Sevilla facing Villareal at 10:30pm. Meanwhile, Barcelona is eager to secure their first three points at home during their faceoff against Athletic Bilbao at 10pm on Saturday.
The Premier League is packed with thrilling face-offs late this weekend: The second round will kick off on Saturday, with Brighton taking on Man United at 2:30pm, followed by Man City going against Ipswich Town at 5pm. Arsenal will be in a heated head-to-head with Aston Villa, with the game starting at 7:30pm.
In the rest of Saturday’s 5pm matches:
Crystal Palace vs. West Ham.
Southampton vs. Tottenham Forest.
Fulham vs. Leicester City.
Tottenham vs. Everton.
Don't forget to join our Fantasy League on Enterprise by using code dlrxz4 or clicking on this link.
In other major European league matches:
Mönchengladbach vs. Leverkusen — Bundesliga (Friday, 9:30pm).
Paris Saint-Germain vs. Montpellier — Ligue 1 (Friday, 9:45pm).
Parma vs. Milan — Serie A (Saturday, 7:30pm).
Dortmund vs. Eintracht Frankfurt — Bundesliga (Saturday, 7:30pm).
Inter Milan vs. Lecce — Serie A (Saturday, 9:45pm).
Related
? OUT AND ABOUT- (all times CLT)
Let your inner child roam at The Play Festival Vol.2 at D-Bay tomorrow starting 2pm. After the success of Vol.1, this edition promises to come back with bigger interactive experiences and live content from Peace Cake. Tickets are now available.
The legendary Omar Khairat will be taking the stage alongside Esaad Younis for a live episode of Sahbet Al Saada at the New Alamein Festival tonight at 10pm. Get your tickets here.
Gen Z are getting their own festival. The Gen Z Festival celebrates local talent, creativity, fashion, and self-expression, backdropped by top local DJs and a vibrant atmosphere. The event will take place today at D-Bay, starting at 3pm.
Witness both the origin of love and its future in Kaif Badaa El Hob: fi sanat 3000. The play will take place tomorrow and Saturday, 24 August, 8pm at Rawabet Art Space. Grab your tickets here.
The iconic Cairokee will be performing at the festival with Tul8te opening for them tomorrow at 10pm. Find your tickets to the band’s show here.
The Bond-Firewill strengthen family ties. The day will start with diverse activities for artistic souls, thrill seekers, or rhythm lovers and end with a cozy bonfire experience where families can tell stories, laugh, and develop closer relationships. The event will take place on Saturday, 24 August at D-Bay, starting 2pm.
HAPPENING LATER-
Immerse yourself in Omar Khairat’s musical mastery. The musician will be taking the stage alongside the Cairo Opera Orchestra as part of the 32nd International Citadel Festival for Music and Singing. The event will take place on Wednesday, 28 August at 8pm, at the Mahka Theatre of Salah El Din Citadel. Grab your tickets here.
None other than Wegz to close out the iconic new Alamein Festival. The concert will take place Friday, 30 August at 10pm at the U-Arena. You can grab your tickets here.
End Sahel season on a high note with Adriatique at AHM Club in Silversands, where you can dance the summer away, or what’s left of it. The event will take place on Saturday, 31 August, and you can get your tickets here.
Medfest is a pool of diverse perspectives presented through films. The international short film forum will take place from Thursday, 12 September to Sunday, 15 September at AUC Tahrir Square and will bring thought-provoking, heartfelt visual stories from around the globe. Grab your tickets here.
MENA’s first and only design-film festival is back:Film My Design festival is back for its third edition — under the theme Designing Our Lives for a Better Future —, taking place from Thursday, 3 October to Saturday, 12 October at Zawya Cinema. The festival features film screenings, masterclasses, a motion design exhibition, VR immersive experiences, and much more. Buy your tickets here.
Prepare for the sixth edition of The Marakez Pyramids Half Marathon. Pick your race of choice and start training, because the marathon will take place on Saturday, 14 December. Note: The price to register is going to keep increasing. So sign up now through this link for the lowest price guarantee.
!_StoryHed_! The world of UFOs, government cover-ups, and the search for aliens
!_StoryTags_! Ears to the ground, High Strange
? EARS TO THE GROUND-
If you're curious about the mysteries of the universe and the possibility of extraterrestrial life, listen to High Strange. Hosted by Payne Lindsey, known for his work in true crime, this series takes a fascinating detour into the world of UFOs, government cover-ups, and the search for contact with other life forms.
Lindsey interviews journalists, alleged abductees, and passionate UFO enthusiasts, diving deep into the questions surrounding our existence and the implications of discovering intelligent life beyond Earth. The podcast addresses the stigma often attached to believing in aliens, inviting listeners to consider the possibilities.
Lindsey doesn’t just focus on the recent resurgence of interest in UFOs — he takes us back in time, examining historical accounts of extraterrestrial encounters that date back centuries. This historical context enriches the narrative and emphasizes that the fascination with alien life is nothing new.
The EGX30 rose 0.8% at today’s close on turnover of EGP 5.3 bn (45.5% above the 90-day average). Local investors were net sellers. The index is up 21.1% YTD.
In the green: Ezz Steel (+7.3%), Eastern Company (+3.6%), and Madinet Masr (+3.4%).
In the red: E-finance (-4.7%), Oriental Weavers (-4.2%), and Elsewedy Electric (-3.1%).
Internet anonymity both protects and threatens our sensitive information. Aside from unconsented data scraping by Big Tech, doxxing is the biggest exploitation of our privacy. What started out as a method of one-on-one extortion has now become a lucrative business model, with the average culprit earning “well over six figures annually,” according to security researcher Jacob Larsen.
Doxxing has many forms. The first, and oldest, is the publication of an individual’s private information — such as name, home or email address, phone number, financial information, or workplace — online as an act of revenge. This can also be done after a failed threat to extort the individual to pay a ransom in exchange for their privacy, monetarily or otherwise.
Keeping personal data private isn’t just important to the user, it’s important to the people profiting off of it. Large corporations realized that they were sitting on a goldmine — raw data gathered from users or subscribers was described as the new oil, a valuable source for other companies to make informed, data-led decisions. But as Voltaire (and more importantly, Uncle Ben) said, with great power comes great responsibility. These companies took loudly marketed strides to protect the data — not necessarily out of concern for the user, but out of proprietorship.
Safe, meet safe robber. Doxxing experts and ransomware groups realized that they could exploit these companies twofold — threatening to leak prized databases threatens a company’s revenue stream as well as their reputation, making them a lucrative target and an easy bet. A safer bet? Commissioned attacks.
B2C doxxing: The Dark Web is home to many unsavory services that now include doxxing-on-demand. For as little as USD 150, you can order a complete profile on a person through Ran$umBin, which includes “email addresses, ISP information, known passwords, banking and credit card data, driver’s license number, as well as education, medical history, court, and property records.” Other less complete profiles, which include little more than a person’s name, date of birth, phone number, and address run for USD 40 and USD 80.
Bounty hunters can earn a commission by doxxing for fun. Some Dark Web users will post information they collected onto Ran$umBin to be verified by the administrators. If the information is proved credible, the doxxer would receive a commission, and the victim will receive an offer: For a fee, they can have their information deleted. The fee depends on which category the victim was sorted into, with average people receiving a lower price, but famous people, law enforcement agents, and sexual predators being charged more.
Ran$umBin makes it clear that it can indeed get worse. In the letter sent to the victim, they warn them that: “The longer the fee remains unpaid, the longer your identity [including SSN, DOB, Tax IDs, email logins, etc.] will be public, leaving it open for people to establish bank accounts and other lines of credit with your identity.”
Legal protection against doxxing doesn’t exist in common legislation, and other doxxing entities aren’t as egalitarian as RanSumBin. Doxbin, the most popular doxxing website that describes itself as a third-party “Whitepages alternative” refuses to remove any information posted on its site unless it breaks the website’s terms of service, which only protects minors or people whose leaked information has led to threats of physical violence. “If a [post] does not break our rules, there is nothing we can do,” their website states. “It is your sole responsibility to manage and uphold your online anonymity. You are not intuitively guaranteed [that] right.”
Can you really protect yourself from being doxxed? Larsen interviewed Ego, a contributor in the doxxing community and member of ViLe, a cybercrime group that broke into a federal law enforcement database and ran a blackmail scheme based on information gathered from that portal. Cybersecurity measures, like “ not reusing passwords across apps and websites, locking social media accounts and not posting photos and personal information, and turning on multifactor authentication for as many accounts as possible” are common-sense practices that can help protect you from having your information exploited, says Larsen. “Let’s be real,” said Ego, “no matter how careful you are, someone might still track you down.”