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Accountability

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WHAT WE’RE TRACKING TONIGHT

Electricity price hikes set to be pushed in bid to keep inflation low

Good afternoon, friends. Today’s easing heat is being felt not just in the weather but also in the press.

THE BIG STORY TODAY

No electricity price hikes this month? Don’t expect any increases in electricity prices this month, a senior government source told EnterpriseAM. The payoff of lowering inflation — and in turn allowing the central bank to continue cutting interest rates — outweighs the revenue from price hikes, the source said.

Electricity price hikes could be pushed until the end of the year, subject to cabinet approval, we were told.

The year-long delay — after two hikes last year — has pushed electricity subsidy costs to EGP 10 bn at the end of the last fiscal year, up from the EGP 2.5 bn originally budgeted, according to a government document seen by EnterpriseAM.

THE BIG STORY ABROAD

It’s another slow news day in the business press, with no single story dominating headlines. Among the stories getting ink:

A shooting at the Ramot Junction bus stop in Jerusalem left at least five dead and several injured earlier today, Israeli emergency services said. The two attackers were shot and killed by a security officer and an armed civilian. The incident is reportedly the “deadliest attack” in the city since 2023. Hamas has not claimed responsibility for the shooting. (CNN | BBC | Reuters | Guardian)

MEANWHILE- Spanish Prime Minister Pedro Sánchez publicly accused Netanyahu of “exterminating a defenseless people” by bombing hospitals and inducing starvation in Gaza. “It’s breaking all the rules of humanitarian law,” the Spanish PM said. Despite Sánchez’s searing comments, he noted that Spain would continue to support the state’s “right to exist.”

OVER IN PARIS- French Prime Minister François Bayrou is counting the minutes leading up to the results of the confidence vote held this afternoon that might see him ousted. Bayrou has only held office for nine months, and if ousted, would be succeeded by the third PM to be appointed this year, and the fifth since Macron began his second term in office in 2022. Opposition parties have expressed intentions to vote against Bayrou. (Guardian | Bloomberg)

☀️ TOMORROW’S WEATHER- We’re in for another relatively cool day in Cairo, with temperatures set to peak at 33°C before cooling down to 21°C, according to our favorite weather app.

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FOR YOUR COMMUTE

Transitioning from managing people to pixels

? The era of managing human teams is over. According to Microsoft’s 2025 WorkTrend Index, over a third of workplace executives expect to be managing AI systems instead of humans by 2030. And business leaders worldwide are starting to realize that part of their future success depends entirely on how well they can work with their digital team members.

The good news? Many leadership skills translate directly. Harvard researchers found that people who are good at coordinating AI agents tend to be good at leading human teams too. The fundamentals still matter — asking the right questions, setting clear goals, and learning as you go. This is important to keep in mind as companies run towards integrating AI into their workplace — most who jumped on the bandwagon early failed to adapt successfully. Companies are reframing team leaders as “agent bosses” who treat AI like new employees — picking the right team mix, being crystal clear about what you want, checking early work, and always double-checking the results.

But there are important differences. AI agents don’t behave like people. They won’t negotiate their roles, learn from teammates, or figure things out on their own unless you program them to. There’s no office politics or personality clashes to navigate, but there’s also no natural teamwork or creative collaboration. While management experts used to encourage flexible, improvisational leadership styles, Fortune suggests that managing AI is more like conducting an orchestra — you need to coordinate everything from the center…

…Which means that when things go wrong, it’s on you. Some predict we’ll soon see organizations with thousands of people working alongside mns of AI agents. Unlike human team members, AI won’t speak up if you give it a bad assignment or question its own mistakes. When AI makes a decision that causes a cascading failure, accusatory fingers will quickly find its manager. IBM warned us from 1979: “A computer can never be held accountable, therefore a computer must never make a management decision.”

Five skills make the difference: Successful AI management comes down to: knowing what each AI tool does best and matching it to the right tasks, giving assignments with the same clarity you’d use for a smart new hire, building in regular check-ins and feedback loops, knowing when you trust AI output and when you verify it, and making sure everything aligns with your company’s values. Fortune suggests treating AI as capable but imperfect partners — giving them clear direction, systemic training, and the right amount of supervised independence.

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Ears to the Ground

Essential listening for the perpetually curious

?In Our Time: Presented by Melvyn Bragg, this podcast is one of the most prominent discussion series on BBC Radio. Having first aired in 1998, in 2004 In Our Time became one of the first local BBC shows to be remade into a podcast. With over 1k published episodes, the podcast is now unfortunately coming to an end. Earlier this month, Bragg announced his retirement following two decades of his journey with the show.

Each episode of the podcast is a focused discussion with a runtime of 45 minutes to an hour. Bragg hosts top academics and experts to tackle a specific topic, which can range from history and culture all the way to science and philosophy — all delivered with impressive depth and clarity. The conversation is built on quite the particular structure: Bragg gives his signature introduction, then guides listeners through a chronological or thematic path, making it easy to follow without sacrificing narrative accuracy.

Among the most interesting historical episodes, The Korean Empire sees Bragg and his guests dissect the pivotal time period between 1897 and 1930, when Emperor Gojong established the Korean Empire in an attempt to assert sovereignty in the face of increasing pressure from Japan, China, and Western powers. The discussion covers the external pressures surrounding Korea, as well as its internal reforms at the time. Above that, the episode places the Korean experiences within the broader context of Asian transformation at the turn of the 20th century.

In Our Time has cracked the code when it comes to original audio experiences that do not sacrifice educational value, making it one of the most prominent shows on BBC Radio. The podcast has garnered over 2 mn weekly listeners across a range of age groups. By presenting complex topics in an accessible manner, it proves an indispensable resource for an audience hungry for knowledge.

WHERE TO LISTEN- You can tune in on Apple Podcasts | Spotify | Anghami | PodBean | Deezer | Amazon Music.

This publication is proudly sponsored by

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Sports

World Cup qualifiers continue in Africa and Europe

European qualifiers for the 2026 World Cup — hosted by the US, Canada, and Mexico — continue today. Here are the key matches we’re flipping through, all kicking off at 9:45pm:

  • Kosovo vs. Sweden
  • Switzerland vs. Slovenia
  • Croatia vs. Montenegro
  • Greece vs. Denmark

The 8th round of African qualifiers is being played today through tomorrow, featuring:

  • Equatorial Guinea vs. Tunisia (4pm)
  • Zambia vs. Morocco (4pm)
  • Guinea vs. Algeria (7pm)
  • Libya vs. Eswatini (10pm)
  • Ghana vs. Mali (10pm)
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OUT AND ABOUT

Myriam Fares lights up Kiki’s

MARK YOUR CALENDAR-

? The iconic Myriam Fares is set to perform all-time favorites at Hacienda White’s Kiki’s Beach on Friday, 19 September. Don’t miss the final days of Sahel season — you can grab your tickets on Kiki’s website .

HAPPENING THIS WEEK-

Sing along to The Weeknd’s greatest hits at Party Monsters’s Tribute Night, live at El Sawy Culturewheel on Wednesday, 10 September. Get your tickets at the door or through El Sawy Culturewheel’s website.

In the mood for satire? Sokseeh is bringing Not Just For Men to their Rihany Stage. Don’t miss out on this interactive live comedy show on Wednesday, 10 September. Grab your tickets on Ticketsmarché.

George Wassuf fan? Saad El Oud is here to switch things up with an intimate George Wassuf tribute night at Madinaty’s Boom Room on Wednesday, 10 September. Book your tickets on Ticketsmarché.

HAPPENING LATER-

Give a preloved item its new home at Darb 15’s Garage Sale, happening on Friday, 12 September and Saturday, 13 September. Join the sustainability crowd and browse through a huge collection of secondhand items. Doors open from 12pm to 10pm.

Address Beach Resort is where the fun never stops. Megastars Wael Gassar and RehamAbdelhakim will give electric performances at Marassi on Saturday, 13 September. Head over to Ticketsmarché for tickets.

Tamer Ashour to join the lineup for Marassi’s Address Beach Resort celebrations on Friday, 19 September. Be where the fun is and sing along to his hits on Saudi National Day. Get your tickets on Ticketsmarché.

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GO WITH THE FLOW

What the markets are doing on 8 September 2025

? The EGX30 rose 0.4% at today’s close on turnover of EGP 5.2 bn (17.5% above the 90-day average). International investors were the sole net sellers. The index is up 16.3% YTD.

In the green: Raya Holding (+4.0%), Abu Qir Fertilizers (+2.3%), and Emaar Misr (+2.2%).

In the red: Qalaa Holdings (-6.5%), E-finance (-3.8%), and Misr Cement (-3.8%).


? SEPTEMBER

10 September (Wednesday): George Wassuf tribute night at Madinaty’s Boom Room.

10 September (Wednesday): Not Just for Men Comedy Show at Rihany Theatre.

10 September (Wednesday); The Weeknd Tribute Night at El Sawy Culturewheel.

12-13 (Friday-Saturday): Garage Sale at Darb 15.

12-19 September (Friday-Friday): CIB Egyptian Squash Open 2025 at the Great Pyramids of Giza.

13 September (Saturday): Wael Gassar and Reham Abdelhakim at The Address Beach Resort.

15 September (Monday): Miley Cyrus & Demi Lovato Tribute Night at Room Art Space New Cairo.

18 September (Thursday): Ragheb Allama at The Address Beach Resort.

18 September (Thursday): Umm Kalthoum Tribute Concert at Alexandria Opera House’s Open Air Theatre.

19 September (Friday): Tamer Ashour at The Address Beach Resort.

19 September (Friday): Myriam Fares at Kiki’s Beach.

20 September (Saturday): Assala and Ahmed Saad at The Address Beach Resort.

20 September (Saturday): Cairo Flea Market Streets Edition at Zamalek’s Horreya Garden.

OCTOBER

3 October (Friday): Tamino at the Cairo International Convention Center.

5 October (Sunday): Medhat Saleh & Amal Maher at Abdeen Palace.

6 October (Monday): Armed forces day.

7 October (Tuesday): Enterprise Egypt Forum 2025.

10 October (Friday): Anyma at The Great Pyramids.

15 October (Wednesday): Scorpions concert at New Capital.

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

NOVEMBER

11 November - 7 December (Tuesday - Sunday): Forever is Now at the Great Pyramids of Giza.

DECEMBER

19 December (Friday): DJ Tiësto at the Giza Plateau.

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