Good afternoon, everyone. We’re still settling into the groove of things after the long weekend.
THE BIG STORY TODAY-
A whole lotta tax incentives for SMEs: Between fewer labor income tax settlements and setting a flat tax rate for businesses whose annual turnover doesn’t exceed the EGP 15 mn mark, the government is gearing to introduce a package of tax incentives for SMEs aimed at helping small businesses grow and easing the administrative burden of monitoring them. Enterprise spoke to Deputy Finance Minister for Taxes Sherif Al Kilani to learn the ins and outs of the package.
THE BIG STORY ABROAD-
Trump’s second assassination attempt remains to be the biggest headline on just about every front page this evening: The FBI is investigating the second potential assassination attempt against Republican presidential candidate Donald Trump after US Secret agents spotted a rifle in a bush at his golf course in West Palm Beach, Florida — where the former president, who is unharmed, was playing. Secret Service agents opened fire on the suspect, who was later arrested and identified as 58-year-old Ryan Routh. The incident comes just two months after Trump was shot in his right ear while speaking at an election rally in western Pennsylvania. (Financial Times | Bloomberg | Associated Press | NYT | Washington Post)
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More LNG shipments secured: The government has bought 20 cargoes of LNG for some USD 907 mn to cover domestic needs between October and December.
AMEA to funnel another USD 800 mn into our renewables sector: UAE’s AMEA Power will invest USD 800 mn to develop two renewable energy projects in Upper Egypt after inking new purchase power agreements with the Egyptian Electricity Transmission Company.
Trade and investment top the agenda of meetings with our GCC neighbors: During a high-level visit to the Saudi capital and the holding of the 13th session of the Egypt-Kuwait Joint Committee, numerous agreements were inked — an increasingly familiar story as our trade and investment relations with the Gulf continue to grow.
☀️ TOMORROW’S WEATHER- We expect to see highs of 34°C in the capital tomorrow and a low of 23°C, according to our favorite weather app.
Went to bed before the Emmy Awards results were announced? Here’s who took home the trophies. Last year’s WGA and SAG-AFTRA strikes made this Emmy Awards ceremony the second of 2024. This time around, a lot of familiar faces took the stage to claim their spot as Hollywood’s creme de la creme.
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Nominations were monopolized.The Bear cast and crew attended the ceremony with 23 nominations under their belt, but only took home four trophies from the comedy series categories: Best lead actor (Jeremy Allen White as Carmy Berzatto), best supporting actor (Ebon Moss-Bachrach, deservedly for fan favorite cousin Richie), best supporting actress (Liza Colón-Zayas as Tina Marrero), and best director for a comedy series, for Christopher Storer’s work on the sixth episode of season two. But it was Hacks that took home the title for best comedy series.
Shōgun raked up the most nominations across the board with 25. The breakthrough show was named best drama, and Hiroyuki Sanada and Anna Sawai took home awards for best actor and best actress for their portrayal of Lord Yoshii Toranaga and Toda Mariko. The show made history for most Emmy victories for any one season, earning 15 more trophies by the end of the night in creative categories.
Honorable mentions:Baby Reindeer nabbed four limited series awards for best series, best supporting actress, best actor, and best writing. Steven Zaillian was named best director for a limited series for his work on Ripley, and Lamorne Morris of New Girl fame took home the trophy for best supporting actor in a limited series for his portrayal of Whitley Farr on Fargo. Will Smith (not that Will Smith) earned a nod for his writing on Slow Horses. Blue Eye Samurai beat out the popular X-Men ‘97 for best animated program.
Hardcore horror fans know that Thai productions are where it’s at. Home for Rent is one of the many Thai horror films that excel at unsettling audiences through well-timed jumpscares and creepy special effects with compelling narratives.
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Everything seems normal at first. Married couple Ning (Nittha Jirayungyurn) and Kwin (Sukollawat Kanarot) decide to rent out their home to support themselves and their young daughter Ing (Thanyaphat Mayuraleela). They move into a condo where they meet their new tenants Ratree (Penpak Sirikul) and her daughter Nuch (Namfon Pakdee).
When Ing is gifted a Guri doll for her birthday, things quickly turn sinister. Strange occurrences start to plague the family, and the plot thickens as the audience is introduced to the bizarre behavior of Ratree and Nuch and the dark history of their home. We see actions influenced by past traumas arise and the film suddenly becomes relatable to normal life outside of the fictional realm of cults and creepy dolls. Which makes sense since it is, after all, based on a true story.
WHERE TO WATCH- You can watch the movie on Netflix or watch the trailer here (runtime: 1:53).
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⚽ It’s a calm day for followers of the major European leagues, with only three matches being broadcasted: Rayo Vallecano will face Osasuna at 10pm for the fifth round of the La Liga. Meanwhile, marking the end of the fourth round of Serie A, Parma will go head to head with Udinese at 7:30pm, and Lazio will meet Verona on the pitch at 9:45pm.
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? EAT THIS TONIGHT-
Want local comfort food? Kairo 365 is the new hotspot for it. This restaurant ’s one-page menu keeps it simple — it's either kofta, hawawshi, shish tawook or soujouk, and you can choose between an assortment box of four, eight or ten juicy sandwiches.
Everything is charcoal grilled on the spot. They also prepare their homemade sandwich bread on site — and the best part — similar to a pita bread. It's big enough for one skewer of the meat so you’re not eating excessive amounts of starch and have room for other sandwiches.
The order: The kofta sandwich comes with three pieces of mini koftas covered in tahini sauce and topped with shredded onions. The meat was tender and the flavor and scent of the charcoal was just right. We do suggest adding the sauce of your liking to the hawawshi to give it an extra something something — we chose the buffalo tahini and would recommend the same.
It’s hard to improve on perfection, especially when it comes to shish tawook. But the tender pieces of marinated and perfectly charred chicken needed a helping of homemade chips to give it that extra crunch that took it from staple to phenomenal. We would suggest doing the same with the tangy soujouk.
Looking for something new? Try their Mombarizo: Mombar has now taken a new shape. The mombar pops — little bites of mombar — are drenched in rizo sauce and filled with rizo rice.
Pro tip: Go for one of their box options to get a taste of everything. Patrons have advised to pair their food with their hibiscus soda drink as a refreshment between sandwiches, but one bottle will not be enough.
WHERE TO FIND IT- Their first and only branch is in Dokki — a journey for most — but they do deliver to Dokki, Mohandessin, Zamalek, Agouza, Cairo University, and Giza either through their hotline, Talabat or online ordering portal.
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? OUT AND ABOUT- (all times CLT)
HAPPENING THIS WEEK-
For the love of tapestry. Today in History is Amsterdam-based Egyptian artist Dina Danish’s first exhibition in Egypt in nearly a decade. Composed of a collection of appliqué tapestries that resemble medieval banners, the exhibition will open at the Gypsum Gallery next Tuesday, 17 September from 7-9pm and will continue to Saturday, 30 October.
Omar Khairat takes over ZED Park on Thursday, 19 September for a night of classical music that kicks off at 9pm. Get your tickets here.
It’s Cairo Vintage Souq’s birthday and they’re back with more old finds for you to thrift. Bring your thrifting skills to Cinema Radio in Downtown Cairo from 2pm till 10pm this Saturday, 21 September to get the best retro and vintage finds. For more information go to their Instagram page.
Get ready for a vrooming celebration with Owls Bikers Automotive Festival on Thursday, 20 September at El Leila El Kebira in El Sheikh Zayed. The event showcases an impressive lineup of motorcycles, sports cars, and supercars from all over Egypt, along with a vibrant bazaar and family-friendly entertainment. Get your tickets here.
HAPPENING LATER-
The Ice Warrior Challenge makes a thrilling return to Ski Egypt, featuring over 20 challenging obstacles at freezing temperatures, this is the ultimate endurance test for athletes. The event will take place on Saturday, 28 September starting at 9am. Book your spot here.
Celebrate the mawlid by attending El Leila El Kebira’s musical performance, inspired by the poetry of Salah Jahin and the music of Sayed Mekkawy, at the Rawabet Art Space in Downtown Cairo over three days: September 26, 27, and 28. Shows begin at 8pm, get your tickets here.
Swan Lake x Opera: For classic lovers, don't miss the performances of Tchaikovsky’s ballet Swan Lake, performed by the St. Petersburg Classical Ballet Company. The shows will take place over three days: October 2, 3, and 4 at the Cairo Opera House’s Main Hall in Zamalek, starting at 8:30pm. Grab your tickets for the first, second and third night here.
Go on a run in Egypt’s historic city at the Luxor Half Marathon. TriFactory’s annual event will take place on Friday, 11 October. Pick between a 21km or 10km race, or a short family run. You can register here.
Registration is open for the Scaled Games. Show off your skills by taking part in one of the three sporting competitions available: running, football, or crossfit. Running and crossfit will both take place on Friday, 11 October, while the football tournament will take place starting Friday, 27 September to Friday, 11 October. All events will happen in New Heliopolis City. Sign up here.
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? UNDER THE LAMPLIGHT-
Get into the psyche of women boxers with Headshot. In Rita Bullwinkel's debut novel Headshot, the world of young women's boxing serves as an exploration of identity, ambition, and the human condition. Set against the gritty backdrop of a national championship in Reno, Nevada, the novel follows the journeys of eight boxers as they navigate the physical and emotional challenges of the sport.
The novel starts off at the national championship in Reno, Nevada, where eight American teens compete for the Women’s Youth Boxing Association title. Each boxer brings her own backstory to the ring, from Artemis Victor, a confident legacy from a boxing family, to Tanya Maw, whose mother's sudden departure casts a shadow on her life.
Beyond the matches, the novel delves into the characters' backgrounds, relationships, and aspirations outside of boxing. From the struggles of balancing training with school and family responsibilities to the emotional toll of past traumas, the girls grapple with a range of challenges both inside and outside the ring.
It delivers a knockout debut that captivates from start to finish. Through its compelling characters, and thought-provoking themes, the novel offers a meditation on the human experience.
The EGX30 fell 0.8% at today’s close on turnover of EGP 3.6 bn (6.9% below the 90-day average). Regional investors were the sole net sellers. The index is up 21.6% YTD.
In the green: Heliopolis Housing (+2.5%), E-Finance (+2.4%), and Juhayna (+1.7%).
In the red: Emaar Misr (-3.3%), TMG Holding (-2.4%), and Abu Qir Fertilizers (-2.2%).