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What to do (and where to stay) this Eid

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THE WEEK IN REVIEW

EGP slides to record low, inflation rises in February, and gov’t hikes fuel prices

Good morning, friends, and happy weekend. It’s been another packed week in the press, and we break down all the week’s happenings below.

AND- With Eid just around the corner, this week’s edition of The Enterprise Guide is all about how to spend it. Also in today’s edition: We revisit a 1960s classic rom-com, recommend several books on Iran’s history, politics, and people, check out Mazeej Balad’s suhoor experience, and more.

🌙 So, when do we eat? Maghrib prayers are at 6:02pm in the capital, and you’ll have until 4:40am tomorrow to hydrate and caffeinate ahead of fajr.

🗞️ LAST WEEK IN 3 MINS-

ECONOMY-

#1- The EGP slid to a record low against the greenback this week, driven by a fresh wave of hot money outflows as regional tensions escalate. This comes as global oil prices surge, creating a double-sided squeeze on Egypt’s fiscal targets. As a result, the government pressed ahead with the expected fuel hike, with the Oil Ministry announcing the increase overnight on Tuesday. The Madbouly government promised budget cuts and a fresh social support package to cushion the impact of the regional crisis on the state budget and the public. The EGP later picked up by week’s end, changing hands at EGP 51.92-52.02.

#2- The state will allocate the entire USD 3.5 bn from the Alam El Roum Development to ease pressures on the state treasury’s FX needs. The move marks a departure from the previous policy that saw the Finance Ministry only take half of asset sale and investment proceeds to pay down debt.

#3- Annual urban inflation rose to 13.4% in February, up from 11.9% in January. The reading, which preceded the full impact of the regional conflict, has prompted analysts to forecast a definitive pause in the Central Bank of Egypt’s monetary easing cycle.

#4- The Madbouly government activated a package of temporary preemptive and social measures. With this high-stakes intervention, the government hopes to lock down essential energy supplies, keep the economic engine running, and shield the domestic market.

PRIVATIZATION WATCH-

The Madbouly government isn’t backing away from plans to sell a stake in Banque du Caire, even as the US-Israeli war on Iran accelerates. Officials are talking among themselves about a valuation for the bank that feels comfortable, and they are eager to see investment bankers line up cornerstone investors.

TRANSPORT-

The Transport Ministry is sending the Administrative Capital for Urban Development an EGP 1 bn bill to help offset the costs of extending the light rail transit (LRT) system into the new capital.

PHARMA-

A weakening EGP is adding pressure on the pharma industry, forcing the Central Bank of Egypt to fast-track urgent letters of credit for essential imports. While Egypt currently has a six-month supply of raw materials and a four-month stock of finished meds, the volatile exchange rate is threatening the industry.

INDUSTRY-

Industry Minister Khaled Hashem approved a new leasing mechanism for industrial zones. By scrapping the three-year lock-up period on industrial land, the ministry is creating a secondary market for industrial assets.

TRADE-

Global supply chain issues are forcing Egyptian exporters to make some tough calls. With freight and container ins. costs suddenly jumping by USD 2.5k-3k per shipment, many companies have simply paused sending goods to the Gulf and East Asia.

AUTOMOTIVE-

Cars are currently being sold at their official list prices in the wake of the war on Iran, without any reductions in sight. For some models in short supply, EGP 100k markdowns have been replaced with an EGP 100k overprice.

ENERGY-

The Oil Ministry is moving to clear USD 500 mn in arrears to international oil companies before the end of May. The ministry wants to prevent arrears from piling up again, signaling the intention to keep the investment cycle intact despite regional turbulence.

🌍 AROUND THE WORLD IN SEVEN DAYS-

It’s been an oil-focused week in the global press as the US-Israeli war with Iran continues to impact global oil supply. Here’s a quick rundown:

Iran dominated headlines with the appointmentof its new Supreme Leader, Ayatollah Ali Khamenei’s son Mojtaba Khamenei. Meanwhile, US President Donald Trump continued strikes against the Islamic Republic, calling for Tehran’s “unconditional surrender” while describing the appointment of Mojtaba as “unacceptable.”

On Sunday, the UAE and Kuwait startedcuttingoil production in light of the near-closure of the Strait of Hormuz. Kuwait Petroleum — a key exporter of naphtha to Asia and jet fuel to Europe — declared a force majeure last weekend.

A hectic week for oil prices: US retail gasoline and diesel prices soared amid restricted global fuel exports. Fuel jumped this week as oil prices climbed, hitting a record USD 119 per barrel on Monday. Oil prices then retreated, dropping 7% on Tuesday as US President Donald Trump said the conflict with Iran could soon end. Meanwhile, shares of Saudi oil giant Aramco jumped 5% intraday on Sunday — its highest climb since 2023. Aramco said on Tuesday that there would be “catastrophic consequences” if the war continued to disrupt oil flows through Hormuz.

Following the oil price surge, G7 finance ministers were in talks over a release of emergency oil reserves in a meeting on Tuesday coordinated by the International Energy Agency (IEA) and its 32 members. On Wednesday, the IEA proposed the largest release of oil reserves in its history — 400 mn barrels. The reserves are set to be released over a period of two months. Officials said a rejection from just one country could delay the release plan. Meanwhile, the US plans to release 172 mn barrels from its emergency reserve. The Trump administration will start releasing barrels over the coming weeks across a 120-day period.

In the business press: Sunday saw BlackRock set limits on withdrawals from one of its flagship private credit funds after seeing a 54% jump in redemption requests during 1Q 2026. Clients withdrew some USD 1.2 bn from the HPS Corporate Lending Fund, around 9.3% of its net asset value. On Thursday, alternative investment firm Cliffwater placed a 7% cap on redemptions of its flagship private credit fund after investors attempted one of the largest share withdrawal requests seen in the market. Withdrawals from the fund came amid growing concerns over the quality of loans linked to AI-threatened software companies. Hours after the news, Morgan Stanley followed suit with similar limits.

AND- Goldman Sachs pitched a new hedge fund on Tuesday that allows it to assume a short or long position on corporate loans. The financial product would allow clients to capitalize on further falls in loans made to software companies, after the sector saw its stocks tumble as AI developments threatened its business offerings.

ALSO- Anthropic is suing thePentagon and other federal agencies for designating the AI firm a “supply chain risk” and attempting to cancel its federal contracts. On Wednesday, Microsoft cemented its support for Anthropic’s lawsuit against the Pentagon, arguing that moves to punish the AI startup would be detrimental to the broader US tech scene.

☁️ THE WEATHER THIS WEEKEND-

This weekend brings wind, potential dust, and a chance of rain. In the capital, temperatures will peak at 24°C today with a low of 15°C. Tomorrow remains similar, though the overnight low will dip slightly to 13°C, according to our favorite weather app.

🎤 HAPPENING THIS WEEKEND-

Ramadan with ’90s musical king Hamid El Shaeri? Count us in. The iconic singer is coming to Al Baron’s Wayana Tent for a special suhoor tonight at 10:30pm. Tickets are available on Tazkarti.

The World Food Program (WFP) and Osana are uniting to celebrate Mother’s Day and Women’s Month with a Mother Makers Garden Market at Maadi’s Osana Family Wellness tomorrow. The market will feature products made by women supported by WFP’s livelihood and food security programs. This is your chance to shop with purpose and support women-led businesses. The market is open between 11am-4pm.

Another can’t-miss Ramadan tent awaits at the heart of the Citadel with Hakawy El Qahera. The special suhoor tent is running daily from 10pm through Monday, 16 March. You can book your tickets on Ticketsmarché.

🎤 HAPPENING NEXT WEEKEND-

A classical oud performance for Eid? Sounds like the perfect plan. CJC 610 is kicking off their post-Ramadan season with Saad El Oud, bringing his soulful vocals and Arabic melodies for a nostalgic, intimate night on Saturday, 21 March at 10pm. You can book your tickets now on Ticketsmarché.

Famed Nigerian singer Burna Boy is landing in Egypt on Sunday, 22 March at El Gouna’s Conference and Culture Center. The singer will be bringing his chart-topping Afro-fusion music to the stage. You can book your tickets on Ticket Egypt.

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THE ENTERPRISE GUIDE

What to do (and where to stay) this Eid

🎈 With Eid just around the corner, there’s no shortage of ways to treat and pamper ourselves. Whether you’re a Cairene looking for a break from the routine or perhaps even visiting Egypt for the first time, here’s what you can do, where you can stay, and the things you should try in Cairo and beyond.

For a Cairo staycation

#1- Le Méridien Pyramids Hotel & Spa. Need a change of pace (and view)? Le Méridien offers a resort-like escape without ever having to leave Cairo. The hotel features spacious rooms with balconies directly overlooking the Pyramids, where you can watch the Sound and Light Show in the evening. The hotel also boasts a uniquely designed swimming pool, set against a stunning historical backdrop, a spa center, and diverse dining options, making your stay a complete holiday.

A short drive away:


#2- Sofitel Cairo Nile El Gezirah. Are Nile views your cup of tea? Sofitel El Gezirah in Zamalek is the place to stay. The hotel’s location offers a panoramic view of the river from all angles, offering stellar sunset views all from the privacy of your own balcony. The rooms boast a comfortable classic charm, and the hotel features an infinity pool with a view that will have you feeling like you’re swimming in the Nile. The icing on the cake? Sofitel’s spa is one you won’t want to miss.

A short drive away:


#3- Downtown Antique Hotel. A classical architecture aficionado? The Downtown Antique Hotel is worth checking out, especially if you’ve been itching to explore Downtown Cairo on foot. Beyond its convenient location, the hotel features high ceilings and architectural designs dating back to the last century. It serves as an ideal starting point if you want to be close to theaters, cinemas, and traditional markets that buzz with life during the Eid holidays.

A short walk (or drive) away:


#4- Villa Belle Époque. If you’re after some privacy away from the usual tourist bustle, Villa Belle Époque is the place to be. This spot offers a cozy, home-like atmosphere in the heart of Maadi. As Egypt’s first boutique hotel, it finds its home in a historic 1920s villa, providing a luxurious stay surrounded by gardens of mango and acacia trees. The rooms, adorned with classical paintings and antique furniture, promise a one-of-a-kind stay, with each room named after a different Egyptian city. Their in-house Acacia restaurant is a can’t-miss, blending international and oriental flavors.


#5- Villa Atouta. Care to try Maadi’s latest (and hottest) boutique hotel? Located in Sarayat, where many historic homes once stood, the 22-unit red-brick residence is a reminder of the charms of a bygone era, offering a quiet, luxurious experience shrouded in greenery.

While you’re in Maadi:

Looking to spend a day exploring Cairo without splurging on a full-on staycation? Check out our guides to what the capital has to offer here and here.

For a last-minute Eid trip

#1-Hilton Luxor Resort & Spa. If you decide to venture away from Cairo in search of warmer backdrops, Hilton Luxor stands out as one of the top-tier destinations in Upper Egypt. The Hilton Luxor’s riverside location makes it easy to navigate between various archaeological landmarks. You can also indulge in rejuvenating spa sessions or relax by their infinity pool.

A day trip away:

AND- If you’re headed to Luxor, we highly recommend giving a hot air balloon ride a go.


#2- Sobek Lodge. If you’re after a contemporary rustic experience, Sobek Lodge is a must-add to your list. Located in Tunis Village, Fayoum, near Lake Qarun, this lodge offers a serene countryside escape far from the clamor of Cairo. With minimalist rooms and a small pool set amidst open fields, it’s an ideal base for visiting Wadi Al Hitan or simply enjoying the outdoors — perfect for reading, relaxing, and reclaiming your inner peace.

A short ride away:

AND- We also recommend trying one of the many pottery workshops scattered throughout Fayoum, where you can enjoy a hands-on experience of creating something from scratch. Curious to know more? Check out our guide to weekends in Fayoum here.

Activities worth your time

A proper Eid vacation isn’t complete without trying new things (and places). Here’s what we have in mind:

#1- Cinema Radio. This signature landmark in Downtown Cairo hosts a variety of cultural initiatives. Once a grand center for art and cinema, the vintage theater is the go-to hub for independent arts and exhibitions. You can enjoy a meal or a cup of coffee at the nearby cafes, or attend a performance right in the heart of Cairo.

#2- ZED Park. The Sheikh Zayed park packs a host of family-friendly activities, indoors and outdoors. Alongside its lush green spaces and water features, the park offers activities such as ice skating and amusement rides, as well as a variety of restaurants to indulge in — although we’d argue that a true picnicexperience calls for your own snacks.

#3- Dahshur. Get a true taste of rural life in the village of Dahshur, which boasts stunning natural landscapes and simple countryside charm. You’ll have the chance to bake traditional bread and eat it fresh, while enjoying Pharaonic archaeological sites alongside lush green spaces. You can join groups that organize regular trips there, such as Rif Dahshur and Camp Burullus. You can also check out our guide here if you’re looking for more green escapes.

(** Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

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FOR YOUR HOME THEATER

Classics Revisited: Esha3et 7ob is the perfect 90-minute escape

🍿 What harm can a little white lie do? In the 1960’s quintessential Egyptian rom-com Esha3et 7ob, we find out for ourselves. Directed by prolific filmmaker Fatin Abdel Wahab and starring golden-age stars Omar Sharif and Soad Hosny, the film is an incredibly entertaining feel-good watch with stellar performances, great pacing, and a whole lot of comedy. Let’s dive in.

The plot: Abdel Qader (Youssef Wahbi) is a seasoned businessman who likes to play around; he doesn’t quite get along with his wife Baheega (Ehsan Sherif), skips work to go on dates and late-night benders, and gets his nephew Mahrous (Abdel Moneim Ibrahim) to cover for him. His other nephew, Hussein (Omar Sherif), is his polar opposite: respectable, put-together, and uptight with a work ethic that doesn’t budge. Hussein has one fatal flaw though: he is brutally (often rudely) honest and seemingly possesses no social filter.

His weakness? His cousin Sameha (Soad Hosny), who’s just coming home to Port Said after spending years in Cairo. Hussein is absolutely head over heels, and Abdel Qader supports the match, promising his nephew to get them married. There’s just one problem: Sameha brought a suitor home — her rich, spoiled, and (according to Abdel Qader) effeminate maternal cousin, whom her mother seems dead-set on pairing her with. Thus begins a war to woo her.

Abdel Qader concocts a plan to turn Hussein from the uptight employee to the playboy womanizer in an effort to gain Sameha’s attention, who seems inclined toward daring, confident men. The hot gossip? That Hussein has an affair with a celebrated actress (Hend Rostom). While obviously untrue, the rumor keeps on growing, with the truth looming not too far ahead.

Despite Hosny’s stellar performance, this was the Omar Sharif show. The late Egyptian actor delivered one of his best showings in Esha3et 7ob, skillfully portraying both the real awkward, yearning Hussein, and later the nonchalant serial lover. The chemistry between Hosny and Sharif is palpable, and the film’s comedic bits are perfectly timed — thanks in no small part to Wahbi’s naturally charismatic personality.

If you’ve been craving a movie night that will make you forget all about your phone (and everything else) for 90 minutes, there’s no better pick than this one. Esha3et 7ob is emblematic of the best that the golden age of Egyptian cinema had to offer — from setting to soundtrack and everywhere in between.

WHERE TO WATCH- Esha3et 7ob is streaming on Watch It.

This publication is proudly sponsored by

From OUR FAMILY to YOURS
From OUR FAMILY to YOURS
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From the Bookstore

7 books on Iran’s history and conflicts

📚 During times of war, it can be difficult to track the history of long-standing conflicts — this is where books come in. As the regional Israeli-Iranian-US war escalates, we’ve put together a collection of non-fiction must-reads to help give you a better grasp of the nature of the conflict and its history, as well as a deep understanding of the story of the Iranian people — their past and present — throughout the years.

#1- All the Shah’s Men. Written by American journalist and historian Stephen Kinzer in 2003, this book offers a reading of one of the most pivotal turning points in modern Middle Eastern history: the 1953 coup in Iran led by Britain in cooperation with the CIA.

The book explores the moment when elected Iranian prime minister Mohammad Mosaddegh decided to nationalize the Anglo-Iranian Oil Company to assert Iran's sovereignty over its natural resources — an act London viewed as “theft” warranting intervention. It details the plot to overthrow Mosaddegh's government and the official incorporation of one of the world's most important oil companies into what is now known as BP.

WHERE TO READ IT- You can find the ebook on Amazon. You can also find a physical Arabic copy at El Shorouk Bookstores, and the digital Arabic version is available at no cost via the Hindawi Foundation.


#2- The Mantle of the Prophet. In this 1985 book, Harvard history professor Roy Mottahedeh examines the structure of Iranian society and the transformative shifts that led to the 1979 Revolution.

The book centers on the life of a Shia student, Ali Hashemi, who was raised and educated in a religious seminary (Hawza) in the city of Qom. Moving away from dry historical narration, the book weaves a story through the protagonist's journey that blends biography with religious and political thought.

WHERE TO READ IT- You can find the ebook on Amazon.


#3- Farewell Shiraz. In his 2017 book, Iranian-French journalist and writer Cyrus Kadivar mixes his personal autobiography with historical documentation of Iran's past.

Kadivar provides a deep personal and historical account of the final days of the Pahlavi dynasty and the fall of the Shah in 1979. He brilliantly captures the internal conflicts he faces as an Iranian expatriate forced to live in exile in London since his adolescence.

WHERE TO READ IT- The paperback version is available at Diwan. You can also find the ebook on Amazon.


#4- They Said They Wanted Revolution. Authored by Emmy-winning Iranian-American journalist Neda Toloui-Semnani in 2021, this political and social memoir touches on modern Iranian history as Semnani attempts to deconstruct the memories of her parents, who were student activists in the ranks of Iranian opposition groups. The author explores her parents' past and their journey from Iran to the US in a memoir filled with emotion and conflict.

WHERE TO READ IT- You can find the ebook and the audiobook on Amazon — at no cost with a Kindle Unlimited subscription.


#5- Iran Awakening. This 2006 book by Nobel Peace laureate Iranian lawyer Shirin Ebadi covers an inspiring personal and professional journey, where her biography intertwines with the major political and social shifts in post-Revolution Iran.

Ebadi recounts her experience as one of Iran's first female judges and how her life changed completely after the revolution, when she was stripped of her position because the new regime deemed women unfit for the judiciary.

WHERE TO READ IT- You can find the ebook on Amazon. The Arabic version is available on Nile Wa Furat.


#6- Life as Politics. Originally published in 2009 by renowned Iranian sociologist Asef Bayat, the book offers an analysis of social, political, and economic transformation in the Middle East. Bayat moves beyond traditional political science — which often focuses on elites, parties, and organized revolutions — to explore how change is truly driven.

Using the Iranian experience as a primary model, he examines how marginalized groups — including the poor, youth, and women — reclaim public space and assert their rights through the small, persistent actions of daily life rather than through formal political institutions.

WHERE TO READ IT- You can find the paperback at Diwan, as well as the Arabic edition at Nile Wa Furat.


#7- The Ungrateful Refugee. This biographical book focuses on the reality of refugee life, including its struggles, emotions, and displacement. The 2019 work sees Iranian-American author Dina Nayeri merge her personal memoirs with real stories of refugees and migrants from various countries.

What distinguishes this book is how it transcends the traditional survival story, focusing instead on the psychological, social, and political repercussions that follow reaching “safety” in host countries.

WHERE TO READ IT- You can place a special order for the paperback edition through The Bookspot.

(** Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

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Hot and Fresh Out of the Kitchen

The traditional suhoor perfected at Mazeej

🍴 Out of all the places serving special iftars and suhoors this season, Mazeej Balad was one we had high expectations for. With its glamorous rooftop overlooking Downtown Cairo and its lavish, culturally rich decor, the restaurant feels like a perfect fit for Ramadan’s warm spirit — and it was. In the unusually chilly weather of a late night in March, we took our seats under the warm, moody lighting of the boutique rooftop and settled in for a suhoor that was nothing short of exceptional.

Mazeej kept it simple and opted for a set menu, with all the staples covered. Their suhoor was an assortment of dips — alongside a basket of fresh baladi, shami, and focaccia breads — featuring ful tahini, your choice of eggs, ful-filled taameya, white cheese with vegetables, and hummus. Spring feta salad, Alexandrian sujouk potato pie, crispy potatoes, and roumi & mixed cheese feteer balls were also part of the traditional Egyptian spread.

We made our choices for the eggs, ordered some tea, munched on the delectable olive tapenade starter, and waited for our order to make its way to our table. And then we waited some more — until over an hour had passed and the cold was starting to bite. When the dishes finally started gradually landing at our table, we were relieved. No sooner had we taken our first bite than we realized it was worth the long wait.

The classic Egyptian suhoor spread, perfected to a T. You don’t know what you’re missing in a tried-and-true suhoor until you taste a flawless one — like Mazeej’s. We couldn’t find a single gripe with the food; it was 10s across the board. That said, there were standouts: the cheese balls were mouth-watering — just the right amount of cheesy and elevated by a drizzle of sweet sauce. The spring feta salad was as fresh and tasty as can be, and the Alexandrian sujouk potato pie was a succulent addition to the spread.

We were pleasantly surprised by how quickly we felt full, with plenty left over. We walked away with satisfied taste buds, full stomachs, and a rooftop view that was a visual feast to remember.

WHERE TO FIND- You can find Mazeej Balad at 11 Mahmoud Bassiouny, Downtown Cairo. Suhoor on their rooftop is open from 9pm-3am. Reservations can be made through this link.

💵 Per person: EGP 1.8k

🪑 Outdoor seating: Yes

🦽 Accessibility friendly: No

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WHAT TO LISTEN TO

A media professional looking to broaden your horizons? Look no further

👂 Are you a media professional looking to break from the mainstream and do your own thing? On The Rebooting Show, hosted by media industry analyst and journalist Brian Morrissey, you’ll find out everything you need to know about doing just that. All about building sustainable media businesses, the podcast dissects the industry, its evolution, and the advances disrupting it.

With scores of episodes in its backlog, the 2021-born podcast features in-depth interviews with industry experts and independent media professionals. It offers a smorgasbord of timely, relevant topics, including how the AI shift is impacting publishers, why the traffic-driven media model is no longer cutting it, the inner workings of streaming advertising, and much, much more.

In one particular episode, Morrissey sits down with Helena Bottemiller Evich, a seasoned Politico alumna and the founder and editor-in-chief of Food Fix, a publication dedicated entirely to food policy in DC. Having decided to dedicate her career to food policy — with no publication fitting the bill — Evich took matters into her own hands, launching her own digital-first publication.

Throughout the episode, Evich spills the beans on how she kicked off her journey as someone who never expected to be an entrepreneur, how she built her readership and targeted certain demographics, and how she managed to successfully monetize her platform.

Whether or not you’re in media, the episode offers a wealth of advice pertaining to entrepreneurship — from maintaining ambition to playing it smart. The conversation flows naturally, making for a listen that is both entertaining and informative.

WHERE TO LISTEN- You can tune in on Apple Podcasts | Spotify | Podchaser.


🗓️ MARCH

24 February - 14 March (Tuesday-Saturday): Ramadan Premium Market at the Arena, Cairo West.

13 March (Friday): Hamid El Shaeri at Wayana Tent, Al Baron.

13-14 March (Friday-Saturday): Garage Sale at Darb 15, Maadi.

14 March (Saturday): Mother Makers Garden Market at Osana Family Wellness, Maadi.

21 March (Saturday): Eid Al-Fitr.

21 March (Saturday): Saad El Oud at CJC 610.

22 March (Sunday): Burna Boy at Festival Plaza, El Gouna.

22 March (Sunday): Zarf Tarek Gedan at Heliopolis Library Theater.

27 March (Friday): Wegz at the PUBG Mobile anniversary carnival, the Great Pyramids of Giza.

APRIL

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

7 April (Tuesday): Shakira at the Pyramids of Giza.

13 April (Monday): Sham El Nessim.

25 April (Saturday): Sinai Liberation Day.

MAY

1 May (Friday): Labor Day.

7-9 May (Thursday-Saturday): Sandbox Festival in El Gouna.

26 May (Tuesday): Arafat’s Day.

26 May (Tuesday): Andrea Bocelli at the City of Arts and Culture in the New Administrative Capital.

JUNE

16 June (Tuesday): Islamic New Year.

30 June (Tuesday): June 30th Revolution.

JULY

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

24 July (Friday): Adriatique at the North Coast.

AUGUST

21 August (Friday): Black Coffee at Cubix North Coast.

25 August (Thursday): Prophet Muhammad’s Birthday.

OCTOBER

6 October (Tuesday): Armed Forces Day.

24 October (Saturday): Blue 25th Anniversary Tour at New Capital.

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