Get EnterpriseAM daily

Available in your choice of English or Arabic

Kareem Abou Gamrah on when to lead and when to guide

1

WHAT WE’RE TRACKING TONIGHT

New export automation system promises 48-hour customs clearance

Good afternoon, friends, and congratulations on making it to the weekend. Wrapping it up is news that Egypt is going paperless on exports starting April. Also in today’s issue: Trump backs off his NATO tariff threats, and we discuss empathy, tough talks, and leading creatives with Peace Cake’s Kareem Abou Gamrah.

THE BIG STORY TODAY-

? Bye bye, paper: The Madbouly government will launch a fully automated export system via the Nafeza platform on 1 April, utilizing a Unique Consignment Reference (UCR) to slash customs clearance times from eight days to just 48 hours, two senior government sources told EnterpriseAM.

The new system will integrate 32 government agencies and 445 shipping lines to eliminate the manual bureaucracy that has historically caused “delays and manipulation,” according to our sources.

This digital overhaul is the cornerstone of Egypt’s plan to reach USD 145 bn in annual exports by 2030. Beyond logistics, the automation is expected to resolve the chronic liquidity crunch facing exporters, who currently wait up to six months for paper-based approvals to claim incentives.

The good news: With no additional fees beyond standard Nafeza charges, the government believes that the “time incentive” alone will be enough to enhance the global competitiveness of Egyptian products abroad.

THE BIG STORY ABROAD-

? US President Donald Trump is backing down on his tariff threats against eight NATO members and no longer plans on using force to take over Greenland, after announcing he had reached a framework agreement with NATO Secretary General Mark Rutte. “This solution, if consummated, will be a great one for the [US], and all NATO nations,” Trump said. European stocks and global markets advanced in response to the news.

^^Read more on: The New York Times and CNBC.

Meanwhile, in Davos: Trump’s Board of Peace signing ceremony took place today, with fewer than 20 countries in attendance. Several Western allies are hesitating to join, alarmed by the possibility that the board could replace the United Nations.

Who’s in: The UAE, Saudi Arabia, Egypt, Qatar, Bahrain, Pakistan, Turkey, Hungary, Morocco, Kosovo, Argentina, and Paraguay have accepted Trump’s invitation, as have Central Asian states Kazakhstan and Uzbekistan, as well as Southeast Asian nations Indonesia and Vietnam. Israel’s Benjamin Netanyahu is also on board, despite fuming at the inclusion of Turkish and Qatari officials on the Gaza executive board — and despite facing an arrest warrant from the ICC.

Who’s out: France and Norway have declined, citing questions about how the board would operate alongside the UN. Ukrainian President Volodymyr Zelensky said it was difficult to see being “together with Russia in any council.”

Who’s undecided: China confirmed it was invited but has not said whether it will join. A Foreign Ministry spokesperson said Wednesday that China “will stay firmly committed to safeguarding the international system with the UN at its core.” Italian PM Giorgia Meloni said there could be constitutional issues with joining and she would not attend the signing ceremony. Irish Foreign Minister Helen McEntee said she would give the invitation “careful consideration.”

^^Read more on: CNN.

** CATCH UP QUICK on the top stories from today’s EnterpriseAM:

  • Gerd took center stage during a meeting between US President Donald Trump and President Abdel Fattah El Sisi on the sidelines of Davos yesterday. As expected, the meeting touched on Trump’s proposal to mediate the Egypt-Ethiopiadispute over the dam, with Trump saying that it “has become a very dangerous issue … I’ll see if I can get that back on track.”
  • The Finance Ministry is reviewing the VAT Law with a view to scrap exemptions on some goods and services, a senior government source tells EnterpriseAM. The move is designed to bolster tax revenues while allowing for income tax brackets adjustments to support low-income earners, the source added;
  • The Transport Ministry is preparing to take the USD 380 mn Semla-Salloum Railway to a global tender. The move signals that the state is moving to lock in the logistics required to support Qatari Diar’s USD 29.7 bn Alam El Roum project.

TOMORROW’S WEATHER- We’re in for a cool and partly cloudy start to the weekend, with temperatures in Cairo reaching a high of 22°C and a low of 14°C, according to our favorite weather app.

2

PROFESSIONAL ADVICE

Leadership with: Peace Cake’s Kareem Abou Gamrah

? Leadership isn’t something that comes naturally to everyone — it’s a skill that takes time, practice, and yes, the occasional misstep to master. In this new limited-edition EnterpriseAM vertical, we’re asking industry players what makes a great leader. Speaking to us this week is Kareem Abou Gamrah, co-founder and CEO of leading MENA content creation agency Peace Cake.

EnterpriseAM: What’s something you wish you had known before taking the helm at Peace Cake?

Kareem Abou Gamrah: Defining roles and responsibilities is critical. When people come into a new space, they're excited to help grow the company and fulfill the vision — manifest the thing. If there is no “this is where this person’s job ends and this is where this person’s job begins,” it causes leakages.

This might make people feel unfulfilled in their job, which is demotivating. They could have great ambition for it, but they don't see their work coming to fruition the way they would have wanted. It kills the team.

E: How important is empathy as a leadership trait?

KAG: In our line of business, you build people, not products. The investments that we make in crafting and building really strong storytellers, artists, editors, or designers — all of that makes empathy a tool. It’s not just a tool to manage a tough moment or talk someone down from an intense moment — it becomes how you get them to shift gears from second to third, and third to fourth.

Empathy is one of the basic things that, once you count it as an investment, you see it shared through them to their juniors down the line. They'll remember how you acted in tough moments and how you treated a missed deadline.

E: You mentioned that you always give your employees your trust. Does that mean you lean towards a leadership style that's more democratic, where you let everyone do their own thing and act as a guiding light?

KAG: I wouldn’t say it’s necessarily democratic, because I don't think it works the same in every system. Too many heads in the same room without a clear line of who's the decision maker is never a positive.

I used to be a micromanager in the sense of wanting to offer support on all fronts — I would work with finance, operations, everything. Then you realize that if your team doesn’t know how to deal with things on their own, it’s on you as a leader — you can’t grow a business or develop a system that way.

E: How do you go about communicating at Peace Cake?

KAG: One of the most difficult things a leader can accomplish is normalizing the tough talk. You do not want to avoid having tough conversations — it just adds more weight and makes processes slower. But you have to find a way to make the conversations less charged and get to a point where you can tell someone, “Hey, this thing sucks. You don't suck — you’re actually incredible — but I want to have an objective conversation about this thing.”

E: So you would say having open communication is a way to preempt conflict within a team?

KAG: I like to claim that I have an open door, but I learned it's not just about that. I’ll always make sure to sit in different areas of the office. That takes power away from the hierarchical structure that everybody comes into the workplace with. The last thing you want to do is be in an echo chamber where you're just being told what you want to hear. That’s every CEO's nightmare.

E: How do you go about solving that conflict within your team?

KAG: I take a very straightforward approach where I listen very, very well. It’s very important to let the person feel heard. I always appreciate the fact that someone came and spoke up — you always want to underscore that, whether the issue is one that will be resolved through method A or B, or whether they're right or wrong. Celebrate that, “Hey, you're heard, you're here, we are in this together.”

Then you ask them first, “What would a resolution to this issue look like?” Whether it's a personal conflict, a process issue that is bothering them in terms of workload, or a wall hit with a client. Very often, as a manager or leader, you fall into this parental role of wanting to fix it for them, but my fix might not necessarily be how they want it fixed. It’s a chance for me to hear what a fix looks like for them.

E: In your industry, how do you ensure that your team isn’t just relying on past successes?

KAG: Future-proofing work is one of the most essential parts of our job. We always have to stay ahead of what’s happening. In content, if something is working today, there’s no guarantee that it will work tomorrow. A significant part of our job is anticipating trends — or more importantly, constantly trying out new formats before the old way gets stale. That and an insane amount of content consumption. Everyone at Peace Cake is always consuming content, whether short- or long-form, and exchanging insights.

E: Peace Cake sees creatives of all ages working together — how do you approach leading these different generations?

KAG: We have two kinds of age groups who work at the company — we’re around 56 people now. There are those who are 30+, and those are around 25. The older ones have lived work experiences — they’ve had tough managers before and done time sheets or check-ins.

Then there is the younger generation, who has ambition and excitement, but hasn’t really dealt with what it's like to report to someone or follow through on an objective. It’s all about gaining their trust, challenging them towards a better outcome, and encouraging them to share and discuss ideas with each other rather than enforcing a singular opinion.

E: Culture is one of the most important aspects of a workplace. You guys sound super fun, how do you do it?

KAG: Our environment is designed to be playful to bring out creativity. If there is tension in the space, it's not going to be exciting for you to brainstorm. It doesn't have to be funny, it has to be open and positive. I try to lead with humor, not ego. It’s about clarity and sharpness, but I also throw in a good joke or something wildly stupid sometimes just to shock them into “Oh, right, this is a normal interaction.”

If you ask someone at random in the office how many hours a week they work, or how taxing our work is, it's a lot. It has to be packaged in a way where you don't hate your job. That’s no way to live, and I wouldn't want someone to work like that.

E: What do you think is the difference between a good leader and a great leader?

KAG: Knowing when to give people space to succeed and when to hold them accountable for whether or not they do. When you bring someone in, you give them space, explain how you measure success, and give them the tools to achieve it. And then you hold them accountable for whether or not they reach it. You can’t hold them accountable from day one.

3

ON THE TUBE TONIGHT

Loyalty is the first casualty in The Rip

? Director Joe Carnahan returns to his gritty cop-thriller roots with The Rip, a taut Miami-set crime drama that rides almost entirely on the chemistry between its two leads — a gamble that pays off handsomely considering those leads are Matt Damon and Ben Affleck. The film follows world-weary Miami narcotics officers Lt. Dane Dumars (Damon) and Det. Sgt. JD Byrne (Affleck), members of a tactical unit that “rips” cartel stash houses.

When Captain Jackie Velez is murdered in the film’s prologue, suspicion falls on members of her own team. The investigation leads Dane’s unit to an unassuming house housing USD 20 mn, and suddenly everyone becomes a potential suspect.

Trust, or the corrosion of it, is the engine that drives the film. It’s the kind of movie where you’re constantly questioning who’s dirty, who’s clean, or if everyone exists somewhere along the spectrum. Carnahan traps his characters in a single location and watches them turn on each other as the hours tick by and outside threats close in. The constant flow of suspicion gives the film remarkable momentum.

The real draw is Damon and Affleck. Their long friendship and creative collaboration adds history to their onscreen rapport throughout the 112-minute runtime. But the stellar supporting cast also get their moments to shine, particularly Oscar-nominees Steven Teun and Catalina Sandino Moreno, along with recent Golden Globe recipient Teyana Taylor. Sasha Calle makes a strong impression as Desi, a young woman caught in the middle of the operation.

Where the film stumbles is in its third act. The plot is tight and fast-paced throughout, but the final scenes tying things up could have been cut in half without losing a beat.

But the larger issue may be one of timing and framing. Considering the ICE raids headlining major news outlets worldwide after the killing of Renee Good and law enforcement accountability being under intense scrutiny, The Rip asks audiences to root for cops debating whether to steal drug money. The moral grey zone Carnahan so carefully constructed feels less like nuanced storytelling and more like copaganda from a less fraught era. The film isn’t blind to corruption, but it treats it as a plot device rather than a systemic crisis.

Still, it’s the Mattfleck star power and Carnahan’s indisputable action bonafides that sell this cop thriller when formula threatens to overtake it. The Rip may not reinvent the genre, but it delivers exactly what it promises: a muscular, twisty throwback to the kind of mid-budget adult thriller that rarely gets made anymore. Whether audiences have the appetite for it right now is another question entirely.

WHERE TO WATCH- The Rip is streaming on Netflix. You can find the trailer on YouTube (runtime: 2:27).

4

Sports

Another sports-packed weekend: Ahly and Pyramids take the field + Super Saturday

We’ve arrived at the weekend, which means we’re in for another sports-packed schedule locally and across Africa and Europe.

Today’s fixtures

Matchweek 15 of the Nile League continues as follows:

  • Wadi Degla vs. Ghazl El Mahalla (5pm);
  • Haras El Hodood vs. Kahraba Al Ismaily (5pm);
  • Ismaily vs. Al Mokawloon (8pm).

Over in Europe, matchday 7 of the Europa League kicks off with a roster of fixtures, including:

  • Fenerbahçe vs. Aston Villa (7:45pm) — watch on BeIN Sports 3;
  • AS Roma vs. Stuttgart (8pm) — watch on BeIN Sports 1.

Tomorrow’s fixtures

Missed the CAF Champions League? The tournament resumes with Matchday 3 of the group stage featuring two high-stakes matches:

  • Al Ahly vs. Young Africans (6pm) — watch on BeIN Sports 1;
  • Mamelodi Sundowns vs. Al Hilal (8pm) — watch on BeIN Sports 6.

Also on our radar across major European leagues:

  • Auxerre vs. PSG — Ligue 1 (9pm);
  • Levante vs. Lecce — La Liga (10pm);
  • Inter Milan vs. Pisa Calcio — Serie A (9:45pm).

Saturday’s fixtures

The CAF Champions League action continues as defending champions Pyramids FC face Morocco’s RS Berkane at 9pm on BeIN Sports 2.

Also on our radar: Espérance de Tunis vs. Simba SC, and JS Kabylie vs. AS FAR. Both matches kick off at 6pm.

A Super Saturday: Matchweek 23 of the English Premier League kicks off with a busy schedule. Key fixtures include Manchester City — currently in second place — and Wolverhampton at 5pm. Liverpool and Bournemouth will also be going head-to-head at 7:30pm. Both matches will be broadcast on BeIN Sports 1.

Other major European league fixtures on our radar on Saturday:

  • Bayern Munich vs. Augsburg — Bundesliga (4:30pm);
  • Union Berlin vs. Borussia Dortmund — Bundesliga (7:30pm);
  • Villarreal vs. Real Madrid — La Liga (10pm).


? In handball: The Egyptian national team is currently playing its second match in the African Men’s Handball Championship against Angola. The Pharaohs are also getting ready to face Uganda on Saturday at 1pm.

This publication is proudly sponsored by

5

Mark Your Calendar

Soprano Fatma Said live at the GEM

? Soprano Fatma Said returns to the Grand Egyptian Museum on Sunday, 25 January for a night of her mesmerizing vocals. Accompanied by conductor Nader Abassi, you can expect a magical, symphonic performance. Find your tickets on Ticketsmarché.

6

GO WITH THE FLOW

What the markets are doing on 22 January 2026

The EGX30 rose 0.9% at today’s close on turnover of EGP 7.4 bn (35.5% above the 90-day average). International investors were the sole net buyers. The index is up 11.1% YTD.

In the green: Abu Qir Fertilizers (+6.4%), Valmore Holding- EGP (+4.6%), and Mopco (+3.4%).

In the red: Qalaa Holdings (-3.0%), Telecom Egypt (-2.0%), and Palm Hills Developments (-1.9%).


?️ JANUARY

22 January - 3 February (Thursday-Tuesday): Cairo International Book Fair.

22 January (Thursday): Tablet El Sitt in Downtown at Hilton Cairo Grand Nile.

22 January (Thursday): Disco Misr at Noi Metropoli, New Giza.

22-24 January (Friday-Thursday): El Sett Art exhibition at Cinema Radio.

23 January (Friday): Cairo International Book Fair opening ceremony.

23 January (Friday): Saad Eloud at Hilton Cairo Grand Nile.

23 January (Friday): Amr Selim at Cairo Opera House, Zamalek.

23-26 January (Friday-Monday): Art Cairo at the Grand Egyptian Museum.

24 January (Saturday): Mahmoud Rodaideh at CJC 610.

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

25 January (Sunday): Fatma Said at the GEM.

26 January (Monday): Alaa El Sheikh X Boom Room at Open Air Mall, Madinaty.

29 January (Thursday): Official holiday in observance of the 25 January Revolution and Police Day.

29 January (Thursday): Tommyy at Theatro Arkan.

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

31 January (Saturday): Eyad El Mogy: El Sabt El Momtaz - The Last Dance at Hilton Cairo Grand Nile.

FEBRUARY

6 December - 15 February (Saturday-Sunday): Cairo Prints at Cairopolitan in Garden City.

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

7 February (Saturday): Cairo Flea Market at Al Horreya Garden.

11-15 February (Wednesday-Sunday): Animatex at AUC Tahrir Square.

13 February (Friday): Bryan Adams at the GEM.

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

MARCH

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

APRIL

2 April (Thursday): Hany Shaker at Theatro Arkan.

13 April (Monday): Sham El Nessim.

25 April (Saturday): Sinai Liberation Day.

MAY

1 May (Friday): Labor Day.

26 May (Tuesday): Arafat’s Day.

JUNE

16 June (Tuesday): Islamic New Year.

30 June (Tuesday): June 30th Revolution.

JULY

23 July (Thursday): July 23rd Revolution 1952.

Now Playing
Now Playing
00:00
00:00