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WHAT WE’RE TRACKING TONIGHT

Remittances surge to USD 3.6 bn in September

Good afternoon, friends. The mercury is set to climb up this week, following the lead of a news cycle that seems to be continuing to heat up.

THE BIG STORY TODAY-

? Remittances surged 30.9% y-o-y to USD 3.6 bn in September, continuing their post-EGP-float momentum with 19 consecutive months of y-o-y remittance growth, according to a statement (pdf) from the Central Bank of Egypt. Over the first nine months of 2025, remittances soared 45.1% y-o-y to a record USD 30.2 bn.

REMEMBER- Remittance inflows began returning to official channels after the float of the EGP back in March 2024, which effectively put an end to the parallel market that had pushed remittance flows to unofficial channels.

It’s not just the post-float collapse of the parallel market driving remittances, but rising inflation also. Many Egyptians abroad have continued to increase the amount they send to their families at home to meet the rising cost of living for Egyptian households, one analyst told EnterpriseAM. Despite the welcome news that inflation is now at its slowest pace since March 2022, prices are still rising.


The first-phase results of the House elections face potential annulment: President Abdel Fattah El Sisi called on the National Election Authority to review appeals filed by a number of candidates over incidents that occurred during the first phase of the House of Representatives elections. The president asked the authority, in a statement issued today, to take the appropriate decision — Whether a full or partial annulment of the first phase and rerun it at a later date. The statement comes in reference to appeals submitted by some candidates alleging violations and irregularities that marred the election process.


Azza Fahmy Foundation secures historic Cairo building for artisan training hub: The Azza Fahmy Foundation for the Development of Traditional Handicrafts (AFF) has signed an MoU with the Urban Development Fund (UDF) to allocate a building in the Darb al-Labana redevelopment project as the future home of the Azza Fahmy School of Crafts and Creativity. This marks a significant expansion for the foundation as it consolidates its artisan training, cultural programming, and community engagement, according to the foundation’s press release(pdf).

Prime Minister Mostafa Madbouly attended the signing ceremony on Friday, 14 November, which took place on the sidelines of the Fustat Winter Festival launch at Fustat Hills Park. The MoU was signed by UDF Chairman Khaled Sediq and AFF Chairwoman Azza Fahmy. Madbouly praised the partnership as a model of “integration among the state, civil society, and cultural leaders to preserve the Egyptian identity,” according to the State Information Service.

The new four-story, 3.1k-square-meter facility is set to house a museum, archival library, design and craft studios, community spaces, and galleries for cultural events. Founded in 2012 by Azza Fahmy, the foundation hopes to establish a centralized cultural hub that positions Egypt as a regional leader in craftsmanship and design innovation, moving from variegated initiatives to a high-impact institution that serves both local and regional communities.

THE BIG STORY ABROAD-

? It’s another busy afternoon in the global press in what is shaping up to be a pivotal week in global politics. Among the stories getting top billing is US President Trump’s latest announcement regarding the Epstein files. Singing an all-new tune, Trump is now calling on Republicans to vote to release the files, claiming on Truth Social that he has “nothing to hide,” and that “it’s time to move on from this democrat hoax.”

ICYMI- The past few days have seen a flurry of headlines zeroing in on Trump’s relationship with convicted [redacted] offender Jeffery Epstein, after a House committee released over 20k new files last week, many of which have raised some major flags pertaining to Trump and his administration, triggering panic in the White House. (CNN | BBC | Reuters | Guardian | Financial Times)

MEANWHILE- Ousted Bangladeshi leader Sheikh Hasina has been sentenced to death after court rulings found her guilty of crimes against humanity for the suppression of student-led protests that resulted in her government’s collapse last year. The former prime minister is currently in self-imposed exile in India, and has denounced the verdicts issued against her. “I am very proud of my government’s record on human rights and development,” she said. Hasina has been tried in absentia since her administration’s collapse, and the Indian government has ignored requests to extradite her. (CNN | BBC | Reuters | Guardian)

ALSO- Saudi Crown Prince and de facto ruler Mohammed bin Salman is set to meet with Trump at the White House tomorrow. The two leaders are expected to discuss a bilateral security agreement, in which the US would pledge to defend the Kingdom in the case of any attack. The meeting would come days after Saudi Arabia’s Sovereign Wealth Fund exited nine US stocks. (Politico | New York Times)

☀️ TOMORROW’S WEATHER- It’s going to be a little warmer in Cairo tomorrow, with the mercury set to peak at 27°C before dropping to 20°C, according to our favorite weather app.

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FOR YOUR COMMUTE

Another Silicon Valley dream, another nightmare for humanity

? The debate over genetic embryo modification isn’t new — it has been stirring up controversy and serious ethical concerns for decades, warranting a ban in several countries. But in Silicon Valley, where money talks, OpenAI CEO Sam Altman — who has made a career out of raisingbnsfor empty promises — is taking this on as his latest venture. He and husband software engineer Oliver Mulherin, along with Coinbase CEO Brian Armstrong, have invested in Preventive, a San Francisco startup focused on embryo modification, raising USD 30 mn in seed funding, according to the Wall Street Journal.

What we know: Founded this past May, the biotech startup allegedly wants to modify embryos before birth to prevent certain genetic diseases. The company is currently shopping around for a country that allows embryo modification so that they can start experimenting — and the UAE is reportedly on their shortlist. CEO Lucas Harrington noted that they are being forced to look outside the US due to the FDA refusing to review human trial applications that involve embryo modification.

From exclusive matchmaking services for high-IQ singles to companies like Herasight and Nucleus Genomics that promise to predict your future child’s intelligence and risk for conditions like ADHD and anxiety, it’s no secret that the Silicon Valley elite are obsessed with creating the “perfect” child to build a legacy of intelligence. This comes from the belief that producing smarter generations will protect humanity from future threats, turning embryos into consumer products with a tagline of USD 50k each.

We’ve seen this before — in 2018, Chinese scientist He Jiankui shocked the world by announcing that three babies had been born from genetically modified embryos, with their genes edited to make them immune to HIV. He was promptly jailed by Chinese authorities for three years and hit with a hefty fine for crossing ethical lines and violating the government’s ban on human embryo experiments.

Genetic screening already exists: Many medical companies already offer genetic screening for embryos during IVF procedures, spotting certain diseases to help parents decide whether to use, freeze, or discard embryos. But since current screening only catches specific conditions like cystic fibrosis and Tay-Sachs disease, some tech companies are pushing polygenic screening, a method of extracting DNA from embryos and running it through statistical algorithms to predict a much wider range of traits and potential health issues.

Polygenic screening isn’t medically or clinically useful, a report from the American College of Medical Genetics and Genomics was cited in an investigation last year. It hasn’t been proven whether embryos that flagged any of the markers will actually carry the indicated diseases once they develop, so making IVF decisions based on mere probabilities isn’t much different from fortunetelling.

The nature or nurture debate has entered the chat. Treating genetics as the end-all-be-all ignores the importance of the child’s environment on their development. Gene-environment interactions show that most human traits and diseases are influenced by complex environmental factors such as chemicals in the air or water, nutrition, ultraviolet radiation, and social context. Genetically identical organisms often vary greatly in phenotype, clearly showing that development is dynamic.

Another legitimate argument foresees access to exclusive medical service being limited to a small group of wealthy people, and the treatment of children as customizable products that can be designed to order, completely disregarding human dignity, which is a natural human right, not one that one group should grant to another.

“Either lying, delusional, or both.” Fyodor Urnov, director at UC Berkeley's Innovative Genomics Institute, told WSJ that Preventive’s leaders would not be “working on genetic diseases” if they were genuinely interested in treating disease — even experts do not understand everything about how genes interact with each other, and warn that “an embryo’s genes could be passed down to future generations, including unintended mistakes.”

Preventive’s philanthropic guise is achieving a revolutionary biological breakthrough that eliminates chronic disease, but that spells a bigger problem for humanity. If an entity can delete a genetic component responsible for a specific disease, how can we guarantee that they won’t add or modify genes in a harmful way, whether purposefully or not? The technology being banned in many countries means that there is no regulatory authority that can prevent its misuse or exploitation, whether by the company, others, or health ins. conglomerates. Preventive is currently a non-profit organization, but with Sam Altman now on board, we can see another OpenAI switch in the works.

A bleak future on the horizon? Just as major companies have benefited from Palestinian genocide through arms dealing or manufacturing, this technology — if it becomes reality — could become a tool that defines (or disfigures) entire generations. Preventive’s experiments remain on hold pending either regulatory approval or finding a host country for trials, concerns persist about how far human ambition driven by grand slogans could go in pursuit in the name of innovation and endless income.

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Ears to the Ground

How Finjan became one of the Arab world’s most pivotal listens

? A steaming hot cup of conversation with Finjan. In 2015, Saudi media personality and Thmanyah CEO Abdulrahman Abumalih began hosting Finjan podcast, which today boasts over 350 episodes and is one of the most popular Arabic-language podcasts, paving the way for Thmanyah to become a pioneering company in content production across the region.

Finjan’s lengthy episodes tackle topics of every stripe. Designed in a way that allows it to deftly jump from one issue to another, never caging itself in one particular genre, the podcast presents enticing topics that draw in all sorts of Arab listeners and experts. Just like the eponymous cup of coffee, the podcast is all about conversation and community, with weekly episodes dropping on Sundays. Abumalih hosts experts in psychology, relationships, tech, politics, history, and more, with some episodes running longer than four hours — though they tend to fly by.

Keep your friends close, and your enemies closer. The podcast’s most viewed episode on YouTube, How Relationships Succeed with Yasser Alhozimey, amassed over 148 mn views, breaking records and even garnering international attention. Some 21% of viewers even chose to watch a translated version of the episode.

Alhozimey tackled human relationships from both psychological and emotional angles, zeroing in on the main pillars of every relationship, the difference between self-love and narcissism, what role family and social media have to play in forming one’s perception of relationships, and how humans can achieve a healthy balance in their relationships.

Finjan is one of the few Arabic media projects that has mastered the art of edutainment, making it a pivotal, connected Arabic platform. The podcast doesn’t just stand out for its guests or its topics, but also the manner in which questions are asked and discussions are built. The podcast avoids any obscurities and complexities, and delivers simple, engaging information, running the gamut from culture to the humanities and beyond.

WHERE TO LISTEN- You can tune in on Apple Podcasts | Spotify | Anghami | Deezer | Audible | YouTube | YouTube Music

This publication is proudly sponsored by

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Sports

Germany and Slovakia battle it out on the field + more World Cup qualifiers

TVs everywhere are tuned onto the final rounds of 2026 European World Cup qualifiers, running today and tomorrow to determine who qualifies directly for the World Cup, who’s off to the European playoffs, and who’s going home empty-handed to practice for 2030.

Group A:

  • Germany vs. Slovakia (9:45pm);
  • Northern Ireland vs. Luxembourg (9:45pm).

Where the group stands: Germany and Slovakia will be battling it out for direct qualification, with both teams having amassed 12 points and are topping the scoreboards, Die Mannshaft having the advantage in goal difference (+7 vs. +4). Northern Ireland (6 points) and Luxembourg (0), on the other hand, have pretty much been taken out of the competition, with zero hopes of advancing.

Group G:

  • Netherlands vs. Lithuania (9:45pm);
  • Malta vs. Poland (9:45pm).

Where the group stands: The Netherlands has all but secured its World Cup spot, leading its group with a whopping 17 points and a massive goal difference advantage (+19 vs. +6). Behind the Oranje is Poland at 14 points, who might just have a chance at pulling through were the Netherlands to somehow fumble the bag. As things stand, however, Poland has secured second place and a spot in the playoffs.

Group L:

  • Montenegro vs. Croatia (9:45pm);
  • Czech Republic vs. Gibraltar (9:45pm).

Where the group stands: The fate of all teams in this group has already been revealed, with Croatia having already qualified by topping the group, with the Czech Republic heading to the playoffs.

REMEMBER- The European playoffs consist of 12 teams that have all finished as runners-up in their groups, with four additional teams topping their respective UEFA Nations League Groups. Four teams from these playoffs will eventually qualify for the World Cup.


Over in the Al Ain International Cup, our homegrown national team is facing off against Cape Verde for third place at 6pm. Also at 6pm, Iran and Uzbekistan will go head to head for the title.

The Pharaohs fell from grace in the semi-final match against Uzbekistan with a 2-0 defeat, whereas Iran narrowly defeated Cape Verde on penalties after the match ended in a goalless draw.

ALSO- The Egyptian B team is set to play a friendly match against the Algerian B team at 4pm in preparation for the Arab Cup tournament kicking off later this month.

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OUT AND ABOUT

A night of insight with Khaled Ghattass

MARK YOUR CALENDAR-

? In need of some enlightenment? Renowned author and speaker Dr. Khaled Ghattass is setting foot at Theatro Arkan for his talk, Between The Strange and The Prevailing, on Friday, 5 December. Don’t miss this chance to delve into the science behind human behavior, society, decision-making, and relationships. Tickets are selling out fast — you can get yours now on Ticketsmarché.

HAPPENING THIS WEEK-

Maadi’s Saad Studio is hosting a Posters for Palestine program with visual artist Maram Alrefaei. The online round for the design workshop will take place on Tuesday, 18 November, Wednesday, 19 November, Tuesday, 25 November, and Wednesday, 26 November. This is your chance to show your creativity and your solidarity with the cause. Book your spot through a form posted in their Instagram bio.

Get jazzy: The Embassy of Belgium and the Embassy of Netherlands are hosting a special jazz concert on Wednesday, 19 November, starring renowned Belgian jazz pianist Jef Neve and Dutch trumpet master Teus Nobel. Taking place at AUC Tahrir’s Ewart Memorial Hall, expect a night of groovy numbers and unforgettable vibes. Entrance is at no charge.

Catch the theatrical performance of Daydreaming at Rawabet Art Space on Thursday, 20 November, Friday, 21 November, and Saturday, 22 November. The play blends illusion and reality as a man copes through fantasy to deal with his relationships. You can get your tickets on Ticketsmarché.

HAPPENING LATER-

Ramy Sabry is coming to El Arena on Friday, 21 November. You can catch the iconic singer live and sing along to his romantic tunes by grabbing tickets on Tazkarti.

Bond with your teen at the biggest high school summit. Traverse returns on Friday, 21 November and Saturday, 22 November at Hydeout in Hyde Park. Join thousands of students, parents, and educators for a weekend of fun career-oriented activities. You can book a spot for you and your budding executive at Ticketsmarché.

Cairo Design Week returns from Friday, 21 November to Saturday, 29 November for a one-of-a-kind experience with Egypt’s design landscape. Be prepared for an array of events and exhibitions across Heliopolis, Zamalek, and Downtown. You can secure all week access or district passes through Ticketsmarché.

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GO WITH THE FLOW

What the markets are doing on 17 November 2025

The EGX30 fell 0.4% at today’s close on turnover of EGP 7.1 bn (44.9% above the 90-day average). Regional investors were the sole net sellers. The index is up 38.1% YTD.

In the green: ADIB (+3.5%), Rameda (+3.1%), and Misr Cement (+2.8%).

In the red: Egypt Aluminum (-5.4%), Beltone Holding (-2.7%), and Telecom Egypt (-2.5%).


?️ NOVEMBER

12 October - 16 November (Sunday- Sunday): Cairo International Art District (CIAD) in Downtown Cairo.

7-26 November (Friday-Wednesday): Posters for Palestine at Saad the Studio, Maadi.

11 November - 6 December (Tuesday-Saturday): Forever is Now at the Great Pyramids of Giza.

14-24 November (Friday-Monday): Art Decoratifs Exhibition by Art D’Egypté at the Egyptian Museum in Tahrir.

19 November (Wednesday): Jef Neve and Teus Nobel Jazz Concert at AUC Tahrir Square.

20-22 November (Thursday-Saturday): Mina Nader: Interactive Comedy Show at Hilton Cairo Grand Nile.

20-22 November (Thursday-Saturday): Daydreaming at Rawabet Art Space.

21 November (Friday): Ramy Sabry at El Arena.

21-22 November (Friday-Saturday): Traverse Summit at Hydeout, Hyde Park.

21-29 November (Friday-Saturday): Cairo Design Week.

28 November (Friday): IL Monte Galala Adventure Festival by the TriFactory.

24-30 November (Monday-Sunday): Pyramids Echo Festival at the Pyramids Panorama Theater.

DECEMBER

1 December (Monday): Angham at the Pyramids.

5 December (Friday): Between the Strange and the Prevailing by Dr. Khaled Ghattass at Theatro Arkan.

5 December (Friday): Tul8te at El Malahy Arena.

7-15 December (Sunday-Monday): El Moristan at AUC Falaki Mainstage Theater.

12-13 December (Friday-Saturday): Pyramids Echo Festival encore at New Opera House.

13 December (Saturday): Marakez Pyramids Half Marathon by The TriFactory.

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

20 December (Saturday): Ibrahim Maalouf at Concert Hall, New Capital.

December: Al Rawi Awards submissions open.

2026

JANUARY

7 January (Wednesday): Coptic Christmas Day.

25 January (Sunday): January 25th Revolution / National Police Day.

30 January (Friday): Cairo Marathon normal registration ends.

FEBRUARY

6 February (Friday): Cairo Marathon at Heliopolis, Merryland Park.

17 February (Tuesday): First day of Ramadan (TBD).

MARCH

20 March (Friday): Eid Al-Fitr (TBD).

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