Software and stocks

1

WHAT WE’RE TRACKING TONIGHT

Stamp tax on EGX transactions heads to the House next month

Good afternoon, friends and welcome back. It has been a pretty quiet day on the business front and we expect things to stay calm as we hit the usual summer slowdown.

THE BIG STORY TODAY-

MPs will discuss introducing the stamp tax on EGX transactions when the House is back in session next month, unnamed sources told Al Borsa. Representatives from the finance and investment ministries and the EGX will soon meet to discuss the details before presenting the amendments to the cabinet and then the House following the cabinet’s approval.

REMEMBER- A government source told EnterpriseAM earlier this year that the long-awaited and repeatedly delayed capital gains tax on EGX transactions may never come, with the cabinet having held discussions over alternatives to it — particularly a stamp tax on EGX transactions.

THE DETAILS? We have more on the upcoming stamp tax in our previous coverage of the story, here.

THE BIG STORY ABROAD-

The international pages remain fixated on the Trump administration’s move to send 700 US Marines to Los Angeles in response to anti-immigration raid protests. While the protests carry on, US Homeland Security Secretary Kristi Noem vowed to carry out more operations targeting suspected immigration violators.

It’s not just LA: Protestors took to the streets in nine other cities — including New York, Philadelphia, and San Francisco. (Reuters | AP | FT)

☀️ TOMORROW’S WEATHER- The capital will be seeing hot and hazy weather tomorrow, with the temperature set to rise to 37°C during the day and cool to a warm 24°C at night, according to our favorite weather app.

The first look at iOS 26 just dropped… as did Apple’s stock

For the first time since 2013’s iOS 7 release, Apple is completely redesigning iOS. Yesterday at the Apple Park HQ in Cupertino, California, the tech giant’s eagerly-awaited WWDC 2025 saw Apple unveil its latest software overhaul: iOS 26 — a jump from iOS 18, marking a shift in Apple’s nomenclature as reported by EnterpriseAM last month. “Delightful and elegant,” as described in Apple’s latest press release, the iPhone maker’s “Liquid Glass” software design is set to make its way to the entire ecosystem, including iPadOS 26, macOS Tahoe 26, watchOS 26, and tvOS 26.

More than just shiny new buttons. Aesthetically speaking, the upcoming iOS 26 — slated for public release in September, and beta release in July — promises a silky smooth UI experience with translucent app icons that seamlessly adapt to light, full-screen Safari browsing, and completely redesigned minimal camera and photos apps.

So, what does the new iOS offer beyond aesthetics? Surprisingly, not that much. One feature in particular has been met with mass approval — call screening. To vet out spam calls, Apple’s upcoming feature will allow you to avoid spam callers by having a “a synthetic voice” ask the caller for basic information, like who they are and what they want, saving you the trouble of having to deal with the guilt of hanging up on your fourth telemarketer of the day. The WWDC 25 keynote also unveiled an entirely new multitasking system for iPad OS, bringing the handheld flagship one step closer to Apple’s own MacOS.

But the real question is, where’s the AI-backed Siri? The WWDC 25 keynote comes hot on the heels of Google’s I/O 2025 event, in which the search monopolizer unveiled its controversial AI Mode. Whether or not Google’s high ambitions managed to land, there was still a considerable amount of pressure put on Apple to live up to Google’s innovations — and their own AI promises from last year. Apple did introduce a few new features “powered by Apple Intelligence,” namely call screening and live translation during calls, but when it came to Siri, it was crickets all around…

Apple’s failure to give consumers and stakeholders updates on its AI-backed Siri may have cost them quite a lot… USD 75 bn to be exact. According to Business Insider, Apple stock unexpectedly fell more than 2.5% six minutes into the keynote, dropping from just under USD 206 to under USD 201 — the equivalent of USD 75 bn in market value. The drop immediately followed Apple Software Chief Craig Federighi’s vague announcement that Apple is “[looking] forward to sharing more about [Siri] in the coming year." As of publication, the stock price is hovering around USD 201.5.

Now that iOS 26 is out of the way, when can you expect the new iPhones? Apple’s long-standing tradition of iPhone announcements in September is expected to be upheld this year — before following a split release schedule beginning 2026 — with the redesigned iPhone 17 lineup seeing the light this fall.

Craving a dash of Syrian spice?

? This Syrian restaurant isn’t here to play, but it’s definitely here to make sure your taste buds have a good time. Broccar has been steadily taking over the city with a slew of classic Syrian dishes — and a few innovations that make it stand out from all the other shawarma joints. Word to the wise: things will get messy.

Broccar is best enjoyed in groups, seeing as that’s the only way you’ll get to try everything — and you’ll want to. The menu is pretty much a culinary black hole, listing everything from plain ole shawarma sandwiches and classic grill meals, and all the way to… shish tawook pizzas? Our picks: the chicken kofta meal, the raheb — a somewhat deconstructed baba ghanoug — salad, the fattoush, the “yalengi” (stuffed vine leaves), the shish tawook sandwich, broasted chicken, and the cheddar rizo rice dish.

The winning combo? The chicken kofta meal, paired with the fattoush and raheb salads proved itself the ultimate oriental comfort meal. The meal itself came with fries, pickles, rice, and spicy garlic dip — which we’ll definitely recommend — alongside some spicy peppers for the bold amongst us. There were no faults to be found in the shish tawook and the yalengi, but the broasted chicken could have been a little less oily, and we’d recommend sitting the cheddar rizo rice dish out for the same reason.

Our humble verdict: Aside from the chicken and the rizo, Broccar served and delivered — literally, and metaphorically. Broccar’s food isn’t the only thing that sets it apart, as the Syrian eatery places an emphasis on packaging, delivery, and portions. One last thing: while the restaurant has branches in New Cairo and Madinaty, we’d say that Broccar’s offerings are best enjoyed in the comfort of your living room with a limited series playing in the background.

WHERE TO GET IT - You can order Broccar through their website, their app, — available on iOS and Android — and through Talabat or El Menus.

Netherlands’ World Cup dreams + South American World Cup qualifiers for the night owls

⚽ Six matches remain to wrap up the fourth round of the European qualifiers for the 2026 World Cup, taking place in the US, Canada, and Mexico — a round that temporarily concludes qualifiers before a fully charged return next season in September, October, and November.

The match we’re keeping an eye on brings together the Netherlands and Malta in a Group G clash kicking off at 9:45pm, at the same time as Finland’s match against Poland in the same group.

The Netherlands sits in third on the leaderboard with three points gained from one match, with all other matches having been postponed because of the Windmills’ participation in the UEFA Nations League. Poland leads the board with six points from two matches, followed by Finland with four points from three matches, then Lithuania with two points from three matches, and Malta with a single point from three matches.

The qualification system: 54 European teams have been distributed across 12 groups, half containing four teams, and half containing five. Qualifiers are played in two legs — one home and one away — with the group winners, consisting of 12 teams in total, qualifying directly to the World Cup. Since Europe has 16 dedicated World Cup spots, second-placed teams in each group will enter playoffs alongside the four best-performing teams from the 2024/25 UEFA Nations League who didn’t qualify directly, to determine four additional teams to the roster of European teams playing in the World Cup.

Other matches taking place tonight at 9:45pm:

San Marino vs. Austria
Serbia vs. Andorra
Romania vs. Cyprus
Latvia vs. Albania

The 16th round of South American World Cup qualifiers begins this evening, and will continue through the early hours of the following day, featuring five crucial encounters.

The qualification system:All 10 continental teams will be competing in a single group using a two-leg round-robin format, with the top six teams qualifying directly to the finals, while the seventh team enters the global playoffs.

Match details:

Bolivia vs. Chile — 11pm: La Verde hosts from eighth place with 14 points, with a theoretical chance at qualifying that hinges on a victory today. The visitors sit in last place with 10 points, and have lost all hope of qualifying for the World Cup directly, but could still find themselves in the global playoffs in the event of a positive result tonight.
Uruguay vs. Venezuela — 2am: La Celeste hosts from fifth place with 21 points, just three notches behind the second-placed Ecuador, and three notches ahead of their visitors, who sit in seventh place and qualify for the playoffs.
Argentina vs. Colombia — 3am: La Albiceleste is the only team to secure qualification so far, leading with 34 points, while Colombia’s Los Cafeteros have collected 21 points, landing them in sixth place.
Brazil vs. Paraguay — 3:45am: The Seleção aren’t experiencing their finest hour, having dropped to fourth place with 22 points, with just one victory under their belt from their last five matches, including a frustrating draw during new manager Carlo Ancelotti’s debut. Meanwhile, La Albirroja is in third place with the same number of points as Ecuador, two points ahead of Brazil.
Peru vs. Ecuador — 4:30pm: The Inca Warriors will be hosting from ninth place with 11 points, but can still — theoretically — qualify directly or reach playoffs, provided that they come out on top in all of their remaining matches. The visitors are enjoying an excellent campaign and can officially qualify with a victory today.

International friendly matches we’re following today:

Sweden vs. Algeria — 8pm
England vs. Senegal — 9:45pm

Felukah docks in Cairo

MARK YOUR CALENDAR-

? Care for a sonic ride? Felukah’s got you covered. Tomorrow, 11 June, NYC-based Egyptian singer, songwriter, and rapper Felukah is paying the homeland a visit with a live show at CJC 610. Having gone viral for her English-Arabic mash-ups and remixes, the rising Egyptian star will be bringing her signature genre-bending hits to the Sheikh Zayed nightlife hotspot. Row your way to Ticketsmarché to secure your spot.

HAPPENING THIS WEEK-

Not the hustle culture you have in mind, but one you’ll want to take part in. Tonight, 10 June at CJC 610, stand-up comedians Khalid Elshoky, Islam Amin, Mahmoud El Najjar, and Seif Elgammal will be dishing out joke after joke — no slacking. This Comedy Hustle is “not for the weak,” so make sure you’re ready for the grind. Tickets are available through Ticketsmarché.

Swedish beats take on Sharm El Sheikh. Norrköping-hailing DJ and producer Vidojean — one-half of the duo Vidojean X Oliver Loenn — will be firing it up at Sharm’s Space on Thursday, 12 June. Put on your most comfortable shoes, because you’ll likely be dancing all through the night. Tickets can be found on Space Sharm’s official website.

Don’t call it a comeback? It’s more like a ‘awda. On Friday, 13 June, beloved Egyptian artist Hamid El Shari will be joining forces with veteran DJ Andy Cheiko at CJC 610 as part of the club’s Ma Yatloboho El Mostami3oon series. You can book your spot through CJC’s official website.

HAPPENING LATER-

CJC 610 wants you to come over for a night of… acrylic painting? No need to do a double take, you read that right. On Saturday, 14 June, CJC 610 is hosting a paint and sip evening with artists Chris and Sher. No need to have skills that rival Picasso’s, just be willing to have some fun. You can secure your spot through CJC 610’s website.

Miami-based Mexican artist and producer Sainte Vie is giving Cairo a taste of Floridian summers. Bringing his signature groove to CJC 610 on Thursday 19 June, the techno dynamo will be joined by local DJs Ziad Mousa, Mohasseb, and Ashmawy. You can get your tickets from Ticketsmarché.

The Cairokee Empire rises once more, this time at the Cairo International Stadium. On Saturday, 28 June, the band promises over a decade’s worth of iconic music at the largest venue in Africa. You can grab your tickets through Tazkarti.

Freshen up your linen shirts and pack up your shades, because Egyptian megastar Amr Diab will be kicking off Sahel season at Sol Beach Marassi on Friday, 4 July. Joining the Hadaba will be German electronic dance music producer and singer Monolink, and Copenhagen-based experimental pop trio WhoMadeWho. You can grab your tickets from Ticketsmarché. Just don’t forget your sunblock.

What the markets are doing on 10 June 2025

The EGX30 rose 0.7% at today’s close on turnover of EGP 5.3 bn (10.5% above the 90-day average). Local investors were the sole net buyers. The index is up 10.6% YTD.

In the green: ADIB (+5.6%), Palm Hills Development (+4.1%), and Fawry (+3.5%).

In the red: GB Corp (-1.9%), Eastern Company (-1.6%), and CIB (-1.2%).

ENTERPRISE ENTERTAINMENT CALENDAR

JUNE

10 June (Tuesday): Comedy Hustle at CJC 610.

11 June (Wednesday): The Crowd Gigs at Theatro Arkan.

11 June (Wednesday): Felukah at CJC 610.

12 June (Thursday): Vidojean at Space Sharm.

13 June (Friday): Hamid El Shari at CJC 610.

14 June (Saturday): Sip and Paint at CJC 610.

19 June (Tuesday): Sainte Vie at CJC 610.

20 June (Friday): Tablet el Sitt at El-Sawy Culturewheel.

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

26 June (Thursday): Lena Chamamyan at Theatro Arkan.

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.

19 July - 30 September (Saturday - Tuesday): Art Space at New Alamein.

AUGUST

6-30 August (Wednesday - Saturday): Egypt Sculpture Symposium at New Alamein.

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.

Sections

About

Privacy & Support

Get EnterpriseAM daily