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WHAT WE’RE TRACKING TONIGHT

New US-Egypt customs agreement on the horizon

Good afternoon, friends, and welcome to the start of another workweek. Some good news to wrap up your first day back: we’re in the home stretch of the latest heatwave, with tomorrow marking the last day of extreme weather we’ll be seeing for a good long while.

THE BIG STORY TODAY-

Get ready for some big US-Egypt customs news, as a new customs agreement between the two nations will be announced soon, US Ambassador Herro Mustafa Garg said during the US-Egypt Policy Leaders Forum today, attended by EnterpriseAM. The AmCham Egypt- and US Chamber of Commerce-hosted event saw the ambassador describe the coming agreement as a “significant milestone” in promoting bilateral trade and American investment in Egypt.

Changes to our auto and halal import requirements helped get the agreement over the line, with Prime Minister Moustafa Madbouly revealing that the country on May 11 decided to exempt America-made automobiles from the country’s mandatory production standards and allowing more American companies to apply for halal certification to export their products to Egypt.

DATA POINT- Egypt-bound FDI from the US totaled USD 3 bn in the previous fiscal year, marking the country as the second largest source of foreign investment. Trade between the two countries reached USD 8.6 bn in 2024.

THE BIG STORY ABROAD-

There’s no single story dominating the global press this afternoon, with the world’s attention split between Trump’s latest antics and deadly strikes on Ukraine. Keeping Trump in the headlines today is his showdown with Harvard, after his administration revoked the Ivy League university’s ability to enroll foreign students. Harvard clapped back with accusation that the government had committed a “blatant violation” of the constitution. Attention also turned to Europe after Russia launched its largest ever air attack on Ukraine, which saw 387 drones and missiles strike the country and kill at least 12.

enterprise

*** It’s Inside Industry day — your weekly briefing of all things industrial in Egypt. Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.

☀️ TOMORROW’S WEATHER- The capital will be seeing the tail end of the current heatwave tomorrow, with the mercury set to peak at a sweltering 42°C throughout the day before a steep cooldown to 20°C at night, according to our favorite weather app.

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FOR YOUR COMMUTE

The seven-day workweek is the new four-day workweek

No more weekends for you. You’re welcome. Five day, 40-hour workweeks have been the standard since 1926 — and we have Henry Ford to thank (or blame) for that. But over the past few years, we’ve been witnessing a shiftmore employers are slowly adopting a 32-hour four-day work week after research (pdf) reached a consensus: employees who worked four days were significantly happier and more productive than those who worked traditional hours. But now, four-day work weeks might be old news… How do you feel about working the whole week instead?

It’s not an overcorrection, it’s doubling down. A few weeks ago, Aled Nelmes, founder and CEO of Welsh search marketing agency Lumen, took to LinkedIn to announce that they will be letting go of the four-day work week in favor for a seven-day workweek — an opener that at first glance would imply that the company is letting traditional work weeks win. But a second glance shows Nelmes wanting to double down on the flexibility offered by the four-day model. Nelmes cited an uptick in mental health, output quality, and retention due to their four-day workweeks, and sought to take it further with a flexible seven-day workweek trial.

Instead of enforcing a 32-hour four-day work week, Nelmes is letting his team decide when they want to work their 32-hours. This essentially means that Lumen employees could now work any time, anywhere, with no set schedule enforced. The CEO notes in his post that work should be a life-enhancing experience, integrated with daily life in a more fluid manner — he emphasizes that this change will support high performers, ease the burden on parents, and allow women more flexibility in regards to working during menstrual periods.

What’s the catch? Well, there doesn’t seem to be one yet — but there needs to be some coordination to get this to actually work. According to the Financial Times, Lumen’s new system will see tasks assigned at the beginning of each week, with a system letting everyone know who’s presently available and who’s not. Aside from two-three hours per week where everyone needs to be online, the world is your time-managed oyster.

So far, it seems Lumen is walking this experimental path alone — and time has yet to prove whether or not the experiment will work. As RTO mandates increase and remote jobs prove more difficult to find, it’s not looking too sunny on flexibility lane for employees craving change worldwide — but it’s not all bad news. FT notes that job postings mentioning four-day work weeks have “noticeably” increased since 2020 — though it’s also pivotal to note that they still make up less than 1% of all job postings across the US, Germany, France, Canada and the UK. 32-hour work weeks unbound by days are a dream — one that has come true for a select few in Wales, but unlikely to manifest itself exponentially — or globally — any time soon.

Could companies in Om El Donia follow Nelmes’ example? Improbable? Yes. Impossible? No. Egypt’s long-awaited labor act — passed in April 2025 and expected to come into effect in October 2025 — officially recognizes modern ways of working, including remote work, part-time contracts, flexible and split-hour arrangements.

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ON THE TUBE TONIGHT

The beauty of repetition

? The simplicity of living: The 2023 Oscan nominated Japanese film Perfect Days brings a profound concept to the screen: the beauty of uncomplicated living. We follow Hirayama, a Tokyo toilet cleaner who approaches each day without grand expectations, finding meaning in the rhythm of routine rather than the pursuit of more.

Ritual as a sacred practice: Work, cassette tapes, point-and-shoot photography, plants, books — repeat. Hirayama’s structured daily routine isn’t monotony — it’s meditation. Each pre-dawn awakening in his modest home marks the beginning of another carefully observed day. Though he speaks little, his appreciation for companionship runs deep. Much of the film’s power lies in what remains unspoken, requiring viewers to read the subtle language of gesture and glance to understand our protagonist’s inner world. This isn’t a film driven by dramatic plot twists or high-stakes action — it finds its drama in the quiet moments of a life fully lived.

Visual poetry: Veteran director Wim Wenders captures something truly exquisite. Japan’s natural beauty unfolds through Hirayama’s daily photography ritual, as he documents his beloved trees with the same devotion others might reserve for grand adventures. The film’s color palette — warm, nature-inspired tones — creates an atmosphere of profound calm that mirrors our protagonist’s inner state.

A gentle revolution. In a world of constant documentation, hyperconnectivity, and flaying overachievement, Hirayama’s contentment feels almost revolutionary. While others chase career milestones and post their lives online, Hirayama finds fulfillment in work that many would consider humble at best, degrading at worst. His colleagues question why he takes toilet cleaning so seriously, but Hirayama offers no justification. What might appear as loneliness to others reveals itself as deep self-satisfaction. Perhaps this is the element we have forgotten about living well.

Perfect Days doesn’t suggest that life can or should be free from pain. Hirayama encounters reminders of his past — unwelcome memories that surface despite his peaceful present. But the film’s wisdom lies in showing how he sits with these difficult moments without allowing them to destroy his carefully cultivated tranquility. He neither ignores the pain nor lets it consume him, finding instead a middle path that honors both his sorrow and joy.

WHERE TO WATCH- You can find the movie on Apple TV+, Amazon Prime or watch the trailer on YouTube (watch, runtime: 1:37).

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Sports

The final step to hoisting the Champions League trophy

⚽ With the German and French domestic seasons concluded, it’s now the English, Italian, and Spanish leagues’ turn to wrap up their campaigns tonight, with the slated fixtures ranging from heartstopping to dead rubber affairs.


In Old Blighty: All Matchday 38 fixtures will be kicking off simultaneously at 6pm. While Liverpool has already secured the trophy hoist and Arsenal the second-place spot and a Champions League qualification, the battle for European league placements is still ongoing.

Liverpool vs. Crystal Palace: The crowned champions welcome the FA Cup winners to Anfield in a celebratory finale before lifting the trophy in front of the Kop.

Fulham vs. Manchester City: City currently sit in third with 68 points and desperately need a victory to guarantee a spot in the Champions League. A draw might tide them over if they can rely on a superior goal difference, but that hinges on their rivals slipping up.

Newcastle vs. Everton: The Magpies sit in fourth on the scoreboard with 66 points, the same as fifth-placed Chelsea and sixth-placed Aston Villa, with only goal difference being their saving grace. Victory is essential for Newcastle to secure a Champions League qualification — a draw could create an opening for either of their competitors to snatch it up.

Nottingham Forest vs. Chelsea: The Blues trail behind Newcastle by just two goals, finding themselves in fifth place while Forest lurk dangerously in seventh with a difference of one point. A Chelsea victory guarantees them a spot in the Champions League, but Forest’s hopes need both a W and a Villa loss.

Manchester United vs. Aston Villa: The latter sit in sixth with 66 points, needing a victory and their rivals’ defeat for a Champions League spot. Meanwhile, the Red Devils in 16th place United have nothing left to play for after losing the Europa League final, leaving their continental dreams shattered.

Tottenham Hotspur vs. Brighton: The Spurs have secured their Champions League qualification thanks to their Europa League victory, raising England’s participation to six teams in the coming season. Eighth-placed Brighton hope to maintain their position with an eye on the ninth-placed Brentford, with ill wishes towards Chelsea to finish outside the top five and hopes to dominate the Conference League to open doors for the Seagulls to participate in continental leagues.

Remaining Premier League matches to flip through:

  • Bournemouth vs. Leicester City
  • Ipswich vs. West Ham
  • Southampton vs. Arsenal
  • Wolverhampton vs. Brentford


In Italia: With Napoli crowned champions, and Inter and Atalanta securing second and third spots respectively, the competition now centers on Juventus, Roma, and Lazio locking horns for the final spot in fourth, with all matches kicking off at 9:45pm.

Venezia vs. Juventus: The Old Lady sits fourth on the leaderboard with 67 points, with everything theirs to lose. Victory would guarantee a spot in the Champions League, but a draw or defeat might suffice if their rivals also experience bad luck.

Torino vs. Roma: The Giallorossi have staged a miraculous comeback after a catastrophic start that saw them fall to 15th after 14 rounds. But club legend Claudio Ranieri’s return from retirement has given them a second lease on life, propelling them into fifth place with 66 points. While they’ve secured a spot in the continental leagues, they need a victory and a Juventus draw to see themselves in the Champions League for the first time since the 2018/19 season.

Lazio vs. Lecce: The Biancocelesti occupy sixth place with 65 points, and require a victory and both a Juventus and Roma defeat to secure a Champions League spot.

Udinese vs. Fiorentina: The eighth-placed Fiorentina (62 points) have narrowing hopes for the Conference League, which they can only attain with a victory and a Lazio defeat.


En España: Barcelona are concluding their Spanish campaign with a match against Athletic Bilbao at San Mamés in the 38th and final round of La Liga at 10pm.

Don’t expect too much drama in the Spanish league, with all the European spots decided. Barcelona, Real Madrid, Atlético Madrid, Athletic Bilbao, and Villarreal have all clinched spots in the Champions League, while Real Betis and Celta Vigo secure places in the Europa League. The Conference League berth went to Rayo Vallecano, who will compete continentally for the first time in their history.


We’re seeing thrilling relegation group battles on the homefront, with all four Egyptian Premier League matches kicking off at 8pm:

  • Ismaily vs. El Gouna
  • Tala’ea El Gaish vs. Ghazl El Mahallah
  • Modern Sport vs. Al Ittihad
  • Enppi vs. Zed

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OUT AND ABOUT

New York nightlife comes to Sahel

MARK YOUR CALENDAR-

? The Martinez Brothers will be giving Sol Beach, North Coast a taste of what New York City’s nightlife scene has to offer on Friday, 1 August. The New York-hailing DJ duo — and brothers from the same mother — will be joined by Lebanese DJ and producer Rolbac, so you know things will be heating up quite fast. You can grab your tickets from Ticketsmarché.

HAPPENING THIS WEEK-

Craving a taste of Downtown Cairo? Flavor Republic is bringing The Corner Shop back for its second 2025 edition. The limited-edition café, offering a slew of homegrown products and produce you can bring home, and their all-day café menu brims with Egyptian classics, in honor of Egyptian culinary traditions and iconic spots like Café Riche and Groppi. The Corner Shop will be up and running Downtown at the Kodak passageway on Adly Street until Saturday, 31 May.

Treat your inner theatre kid to a night out this week as globally-renowned opera Carmen makes its way to the Cairo Opera House. Composed by France’s Georges Bizet, the Southern Spain-set opera explores seduction, jealousy, and the pitfalls of obsession. The opera will run at the Main Hall today, Sunday, 25 May and tomorrow, Monday, 26 May at 9pm. Tickets are available on Tazkarti.

Running out of patience? So is Umm Kalthoum… but you won’t have to wait long to experience her musical oeuvre live. On Thursday, 29 May, Studio Heif and 26one will be honoring the late great legend with a tribute night at the Qasr El Nile Theatre led by Egyptian singer Marwa Nagy. Tickets for the Sout w Soora show can be found on Collard Tickets.

In the mood for a movie marathon? Manassat Film Festival is back for its 9th edition at Downtown Cairo’s Zawya Cinema this May. Running from Thursday, 29 May to Saturday, 31 May, the festival will be spotlighting a slew of Egyptian short films, and — alongside screening the films in the running for funding — will include a masterclass on costume and character design by Reem El Adl, and a few special presentations. Tickets can be purchased in person at Zawya starting Tuesday, 27 May.

HAPPENING LATER-

It’s almost beats by the beach season, and we’d suggest getting a headstart this Eid in Somabay. Debuting in Egypt, German electronic dance music trio Klangphonics will be joining Belgian synth-pop band Oscar and the Wolf for CJC’s Lumen party experience at Somabay’s Mesca Beach on Saturday, 7 June. Joining them with rhythms of their own are Cairo-based DJs Wolf Fang Midi, Dirty Backseat, and Zeft Funk. You can grab your tickets through Ticketsmarché. P.S. Don’t forget your favorite swimwear.

Get caffeinated and grab your polaroid camera, because on Friday 8 August, &ME — one fifth of Keinemusik — will be bringing the beats all through the night until sunrise at North Coast’s Sol Beach. Promising to have you dancing till the sun’s up, the German EDM DJ and producer will be going solo this time around. Tickets can be purchased through Ticketsmarché.

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GO WITH THE FLOW

What the markets are doing on 25 May 2025

The EGX30 rose 0.2% at today’s close on turnover of EGP 4.2 bn (10.1% below the 90-day average). Local investors were the sole net buyers. The index is up 7.7% YTD.

In the green: Beltone Holding (+5.0%), Oriental Weavers (+3.4%), and Palm Hills Development (+3.4%).

In the red: Ibnsina Pharma (-2.6%), EFG Holding (-2.0%), and GB Corp (-1.9%).

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INSIDE INDUSTRY

Manufacturer of the Month: Hayat Egypt

MANUFACTURER OF THE MONTH- Each month, we spotlight a major industrial player shaping Egypt’s manufacturing landscape. Whether homegrown or international, these companies play a crucial role in driving the country’s industrial ambitions. For today’s edition, we sat down with Senol Keserlioglu (LinkedIn), general manager of Hayat Egypt, the local arm of Turkey’s Hayat Group — a global player in hygiene and tissue products.

Hayat Egypt was established as part of Hayat Group, one of the largest producers of baby diapers and the biggest tissue paper manufacturer in the Middle East, Eastern Europe, and Africa. The Turkish group operates six production facilities in Egypt — in Sixth of October City and Ain Sokhna’s industrial zone — with total local investments reaching USD 632 mn to date, making it the largest Turkish investor in Egypt. Its brands include Molfix, Bebem Natural, Molped, Papia, and Familia. The Sixth of October facility focuses on baby and feminine hygiene products, while the Ain Sokhna complex handles nonwoven textiles, facial tissues, packaging, face masks, and sanitary pads.

Hayat Egypt’s factories produce 2.1 bn baby diapers, 450 mn sanitary pads, 60k tons of tissue paper, and 50k tons of nonwoven rolls each year, Keserlioglu tells us. Its latest facility, a tissue paper plant in Ain Sokhna launched this month with an annual capacity of 60k tons. Dedicated entirely to exports, the plant is expected to bring in USD 75 mn in export revenue annually, with Europe and Saudi Arabia among its key destinations.

Its new Ain Sokhna factory mirrors the Turkish parent company’s advanced sustainability practices, especially in water usage. According to Keserlioglu, Hayat’s water-efficient engineering makes it the lowest water consumer per ton of tissue output in Turkey — and the third lowest across Europe.

Hayat is gearing up to invest another USD 80 mn in two new local plants by the end of 2026, raising its Egypt investments above USD 710 mn. The first new plant — slated to break ground within two months — will launch by 1Q 2026 and cater entirely to exports. The second, still in feasibility stage, will split output between the local market and exports.

Vertical integration and value chain localization are central to the company’s approach. Its nonwoven fabric plant ensures local control over one of the key raw materials for diaper manufacturing. “We produce core components in-house and innovate at every step — from raw materials to finished goods,” Keserlioglu says.

That said, full self-sufficiency isn’t possible. Hayat still imports pulp from Brazil and Finland and some chemicals from Saudi Arabia’s SABIC, as they’re not locally produced. “If local alternatives meet our quality standards, we’ll switch,” Keserlioglu adds.

Hayat holds roughly 20% of Egypt’s baby diaper market and 25% of the feminine care segment. From July 2023 to July 2024, its feminine care business grew 15%, and its tissue segment grew 9%. Globally, the company is the fourth-largest baby diaper producer and the top tissue producer across the Middle East, Eastern Europe, and Africa.

Egypt has become Hayat’s second-largest production center after Turkey, thanks to its location and trade agreements with Europe, Asia, Africa, and Arab countries. Keserlioglu says export sales have exceeded USD 460 mn since the company began operations here in 2012 — USD 150 mn of which came in 2024 alone. Exports now account for 37% of total revenue, with the local market making up the remaining 63%.

Amid inflationary pressure and weakened purchasing power, Hayat Egypt is doubling down on innovation. “We’re offering a wide product range tailored to different affordability levels, without sacrificing quality,” Keserlioglu. During the previous shortage of foreign currency, Hayat Turkey stepped in to help the Egypt arm meet its import commitments. Expanding exports, Keserlioglu says, remains the most reliable path toward financial resilience and a stronger local economy.

The B2B segment is gaining traction, with Hayat Egypt’s dedicated business solutions line — branded Fox — targeting hotels, hospitals, and restaurants. The segment accounts for 10% of domestic sales and is expected to grow.

E-commerce remains small — but it’s evolving. While Hayat sells online, e-commerce still represents a small share of total sales. “We’re not aggressively chasing growth in this channel, but we’re laying the groundwork for future expansion as the local market evolves,” Keserlioglu says.

The company is in the final stages of securing the EU Ecolabel for its tissue products — a prestigious certification that affirms environmental safety and manufacturing quality, and a requirement to access European markets, we were told.


14-31 May (Wednesday-Saturday): The Corner Shop pop-up in Downtown Cairo.

21-31 May (Wednesday-Saturday): Disney On Ice at Cairo International Stadium.

25 May (Sunday): Saad El Oud at Boom Room.

25-26 May (Sunday-Monday): Carmen Opera at The Cairo Opera House.

26 May (Monday): Michael Bublé at New Administrative Capital.

27 May (Tuesday): WKND CMDY Night at CJC 610.

28 May (Wednesday): Jadalat CJC610.

29 May (Thursday): Sout w Soora Umm Kalthoum Tribute Night at Qasr El Nile Theatre.

29 May (Thursday): Omar Khairat at the Cairo Opera House.

30 May (Friday): Disco Misr Festival at Zed Park.

30 May (Friday): Adam Port at the New Administrative Capital’s Green River.

30 May (Friday): Sharmoofers at Boom Room.

30-31 May (Friday-Saturday): Dalida: Bint Shoubra at The Theatre.

31 May (Saturday): AUC Alumni Folklore Group at Theatro Arkan.

31 May (Saturday): The Color Run at O West.

JUNE

1 June (Sunday): Mai Farouk at the Cairo Opera House.

6 June (Friday): 50 Years of AC/DC concert.

7-8 June (Saturday-Sunday): Makadi Heights Music Festival at The Haus, Makadi Heights.

26 June (Thursday): Jeff Dunham at the New Capital’s Drama Hall.

27 June (Friday): Medhat Saleh at Cairo Opera House.

28 June (Saturday): Cairokee Empire concert at Cairo International Stadium.

JULY

4 July (Friday): Amr Diab, Monolinkand WhoMadeWho at Sol Beach Marassi.

AUGUST

1 August (Friday): The Martinez Brothers at Sol Beach.

8 August (Friday): &ME at Sol Beach.

OCTOBER

16-24 October (Thursday-Friday): Gouna Film Festival.

30 October - 22 November (Thursday-Saturday): Forever is Now at the Great Pyramids of Giza.

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