Good afternoon, all. Just two days in and September is already shaping up to be a busy month for business news.
THE BIG STORY TODAY-
We could be looking at another uneventful Thursday, with our interest rate poll seeing the central bank leaving interest rates unchanged when its Monetary Policy Committee meets later this week. Despite annual inflation falling to its lowest level since December 2022 in July, analysts continue to rule out interest rate cuts.
Remember: The bank left interest rates unchanged during its last meeting in July citing its commitment to sustaining the current trajectory of inflation moderation.
^^ Check out the full poll results in tomorrow’s edition of Enterprise Egypt AM.
THE BIG STORY ABROAD
For the second day running, the international press is hyperfixed on Israel. After Israeli forces recovered the bodies of six hostages in a tunnel in southern Gaza yesterday, Israelis took to the streets in their latest efforts to push Netanyahu’s government to accept a ceasefire agreement. The latest US-backed ceasefire proposal aims to bring about the release of the remaining hostages and a ceasefire in Gaza. (Bloomberg | Financial Times | CNBC | AP)
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More renewables projects in the pipeline: UAE’s Masdar, Infinity Power, and Hassan Allam Utilities will set up USD 900 mn worth of solar power plants in Upper Egypt with a combined capacity of 1 GW after the Madbouly government greenlit the move.
Attention, private sector platerts: The private sector has the chance to invest in the healthcare, tourism, education sectors through tens of public-private partnerships (PPP) on the table.
What’s next for B Investments’ stake in Gourmet? Private equity firm B Investments is looking to either fully exit or increase its 53% stake in subsidiary Gourmet — the parent company of high-end supermarket Gourmet Egypt.
☀️ TOMORROW’S WEATHER- The mercury is peaking in Cairo tomorrow at 35°C before simmering to a low of 25°C by nightfall, according to our favorite weather app.
Does it constantly feel like you’re racing against the clock?Time anxiety — the feeling that time is slipping away — is a term that has been popping up more frequently in the medical and mental health community.
Time anxiety goes beyond the usual stress of a busy schedule. It’s not the direct result of trouble balancing work, personal life, and the endless to-do lists in between, but an ever-present fear that creates an overwhelming sense of dread in those who experience it.
People with time anxiety may experience it in one of three ways: The first is daily time anxiety — feeling overwhelmed managing your day-to-day. The second, future time anxiety, is worrying about and feeling like you have to plan for future events. The third is existential time anxiety — being hyper-aware of the limited time we have and the amount of things we’d like to achieve in that time.
The problem is that the more you focus on it the more it slips away. Efforts to micro-manage or control your time will eventually heighten your anxiety. Psychologists call this negative feedback loop a form of ironic process theory (IPT). IPT was first introduced in 1994 by social psychologist Daniel Wegner, who described it as a series of “counterintentional effects that result from efforts at self-control of mental states.” The more you try to suppress a thought, the higher the likelihood of you thinking it is.
But it’s not all doom and gloom. Obsessing over time will only worsen your relationship with it, so the first step forward is acceptance. All we can control when it comes to time is what we do with it, which is a good segue into the next step: Figuring out what time well spent means to us. The third, and perhaps most important, step is planning tasks that will fit into a real day. Instead of trying to maximize your time and constantly fall behind, give yourself room to breathe.
Zack Snyder is back with a new director’s cut — this time of Rebel Moon Part Two. This new extended version of Zack Snyder’s ambitious vision of a galaxy at war clocks in an additional 120 minutes, introducing even more computer-generated chaos and expanded character backstories. Unfortunately, all the extra content did little to help the film live up to its predecessor.
The Michael Bay treatment. The best moments in the film aren’t those that focus on people, the ones where explosions reign supreme. This is even despite the extended and surprisingly emotional reunion between Kora (Sofia Boutella) and Gunnar (Michiel Huisman), which was a rare chance for the characters to breathe and develop instead of just being heavy-handed archetypes of suffering and revenge.
Even though JC-1435 (voiced by Anthony Hopkins) is given more screen time, all it does is prolong a repetitive cycle of violence and betrayal. We witness the same tragic backstories unfold too many times, ultimately making us disengage instead of investing in the story.
This sci-fi fable is reminiscent of both Star Wars and Seven Samurai, set against a visually stunning yet lifeless backdrop of the farm planet Veldt. While the added scenes seem to try to elaborate on each character’s motivations, it often just felt like an additional stretch of an already glacially paced narrative. The scenes are long-winded and almost like a video game cutscene, as put by the critics at Roger Ebert, making us want to mash the X button to skip.
But the stand-out moments kept us glued to our seats. The villagers launching their defense against the Imperium reminded us where Synder gets his reputation. The cinematic mastery displayed throughout the film is why it’s still a must-watch despite its shortcomings.
WHERE TO WATCH- You can watch parts one and two on Netflix, or watch the trailer (runtime:2:42)
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⚽ Sorry folks, no matches today as we kick off the international break, but football will be back on the pitch with some international matches in the coming days.
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🍖EAT THIS TONIGHT-
Get your dose of bedouin bites from Legleisah. If you’re craving an authentic slice of Bedouin life but don’t feel like embarking on a Sinai road trip, Legleisah brings that experience straight to Nozha. The restaurant focuses on hearty, slow-cooked meats and well-spiced Bedouin dishes that show the rich culinary traditions of the Sinai.
The mbakbaka, a Bedouin pasta dish that features slow-cooked meat, was a fast favorite. With the smoky flavor of tender brisket, this hearty, comforting dish elevates traditional pasta in a way that even the Italians would approve of. The pasta soaks up the well-seasoned meat sauce, making each bite flavorful and rich. If you love a spicy kick, you can request some extra heat.
Sitting square in your comfort zone? The chicken mandy is your go-to. Juicy, tender, and aromatic and served on a bed of fragrant rice, this Bedouin dish is popular and inoffensive enough to have already made the rounds. Only rookies forget the mandi red sauce. Spoon some onto your rice to really bring the dish together.
WHERE TO GET IT- If you can’t drive over to Nozha for the full experience, you can enjoy it from the comfort of your home. They deliver all over Cairo through Talabat and El Menus.
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🎤 OUT AND ABOUT- (all times CLT)
This is your last chance to explore the diverse visual and cultural evolution of Egyptian film with the Afichat w Aflam exhibition at Bibliothek. This exhibition showcases a vast selection of late artist Pierre Sioufi’s collection of more than 10k pieces of Egyptian cinema memorabilia. The third edition is now on display, showcasing film posters and collectables from the 1990s to 2017. Today is the last day to visit.
For the love of Coldplay:Strawberry Swing will be performing Coldplay’s top hits at Sawy Culture Wheel in Zamalek on Thursday, 5 September at 7:30pm. Grab your tickets here.
Komedy Koshk + Boom Room: Prepare for a Stand Up Comedy Night with Khaled Jwad, Paula Rizk, Mohamed Farghaly, Engy Hashem, and Abdoul in collaboration with Komedy Koshk at Boom Room at Madinaty’s Open Air Mall. The event is scheduled for tomorrow at 9pm. Grab your tickets here.
And if you want to LOL but Madinaty is too far away, the High Five stand up comedy show with Abdelrahman Mohamed, Badr Nour Eldin, Gamal Ramzy, Fekry Tarek, and Pola Samwel is coming to Theatro Arkan in Sheikh Zayed on Friday, 6 September starting 8:00 pm. Book your spot for the show here.
HAPPENING LATER-
Think you have what it takes to write a real page turner? Attend this Fiction Workshop withMai Serhan at Diwan Heliopolis and find out. The workshop will begin on Saturday, 14 September and sessions will take place every Saturday for six weeks. Book your spot here.
Creativity will be taking center stage at She Arts festival at AUC Tahrir. From Thursday, 26 September to Sunday, 29 September the event will feature a diverse lineup of artistic and musical performances — offering female artists from around the world a platform to express themselves, connect, and collaborate. Get your tickets here.
Mark your calendars for the 100 Years of Singing Concert with Ali El Haggar: The singer’s performance will honor the late Baligh Hamdi. The show will take place at Cairo Opera House’s mail hall on Friday, 13 September at 8:30pm. Secure your seat here.
MENA’s first and only design-film festival is back:Film My Design festival is back for its third edition — under the theme Designing Our Lives for a Better Future —, taking place from Thursday, 3 October to Saturday, 12 October at Zawya Cinema. The festival features film screenings, masterclasses, a motion design exhibition, VR immersive experiences, and much more. Buy your tickets here.
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💡 UNDER THE LAMPLIGHT-
Your Utopia is a compilation of short escapism stories. Translated from Korean by Anton Hur, Bora Chung's latest collection of short stories feature deep themes of loneliness, isolation and the complexities of human connection.
The opening story. The Center for Immortality Research sets a high standard for the collection. It follows the chaotic events at a research facility preparing for its 98th anniversary, revealing dark secrets and complex relationships amidst corporate intrigue and political power struggles.
In A Very Ordinary Marriage, reality blurs with the surreal as mundane situations take unexpected turns, leaving readers questioning their perceptions. The story shines through as it innovatively covers themes of folklore, horror, mythology, and sci-fi.
Seed delivers a powerful message about environmental conservation, urging humanity to reconsider its relationship with nature. Meanwhile, To Meet Her tackles issues of gender identity and discrimination in Korean society, drawing attention to the struggles faced by transgender individuals in the military.
The EGX30 fell 0.6% at today’s close on turnover of EGP 6.2 bn (60.3% above the 90-day average). International investors were the sole net buyers. The index is up 23.5% YTD.
In the green: Elsewedy Electric (+3.7%), Madinet Masr (+2.8%), and AMOC (+2.5%).
In the red: Palm Hills Development (-4.5%), Emaar Misr (-4.4%), and Cleopatra Hospitals (-3.6%).
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