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WHAT WE’RE TRACKING TONIGHT

Inflation back on the up after four-month deceleration streak

Good afternoon, friends, the weather seems to be falling into pace with a cooler-than-usual news cycle this week, despite big (but few) stories dominating the headlines.

THE BIG STORY TODAY-

? Inflation rises again after four-month deceleration: Annual headline urban inflation rose by 0.8 percentage points in October to end the month at 12.5%, largely on the back of higher fuel and food and beverage prices, according to data from state statistics agency Capmas seen by EnterpriseAM. October’s reading marks the end of a four-month streak of easing price inflation.

The rise was mostly expected, with some forecasts closer than others. “October's inflation came slightly lower than our estimate of 12.6% y-o-y and 1.9% m-o-m,” HC Securities’ Heba Mounir told us. The reading was also below the 13.0% inflation figure Al Ahly Pharos had expected, as the decline in food items was offset by an increase in transportation and fuel prices, head of Research Hany Genena told EnterpriseAM. Meanwhile, the reading was higher than forecasts from Capital Economics and Reuters ’ poll, both of which had expected inflation to land at 12.0%.

The culprits: Housing, water, electricity, gas, and other fuel prices were the primary drivers of inflation last month, with prices rising 27.1% y-o-y during October, after Egypt raised fuel prices for the second time this year in October. Prices of alcoholic beverages, tobacco, and narcotics rose by 26% y-o-y, alongside healthcare services, which rose by 28.4% y-o-y.

The prices of food and beverages — the largest component of the basket of goods and services used to calculate headline inflation — also inched up slightly, rising 1.5% y-o-y in October compared to 1.4% in September. This was fueled by a 4.8% y-o-y rise in bread and cereal prices, and a 36.4% y-o-y rise in fruit prices.

AND- Egyptian Group for Multi-Purpose Terminals will establish two terminals at the new Abu Qir Port and Gargoub Port at a cost of USD 230 mn, CEO Abdelkader Darwish told EnterpriseAM on the sidelines of TransMEA. The state-owned company will ink an MoU for the project with the Alexandria Port Authority today, Darwish told us.

The two terminals are slated for completion within 18 months of signing the final contracts, once market studies have been finalized. The proposed terminal at the new Abu Qir Port is estimated to cost USD 110 mn, covering an area of 360k sqm and featuring quays with a total length of 800 meters. The Gargoub Port terminal is estimated to cost USD 120 mn, covering an area of 700k sqm with quays at a total length of 2k meters.

THE BIG STORY ABROAD-

? The world’s business press — along with Wall Street — seem optimistic about a potential end to the US government shutdown. Still leading the digital front pages this afternoon is news that after 40 days of political deadlock — the longest in US history — the Senate voted late Sunday night to advance legislation that could finally reopen the federal government.

Investors have been responding enthusiastically to the possible breakthrough, with Nasdaq futures up 1.4% and S&P 500 futures up 0.9% at the time of writing and just before Wall Street kicks off trading for the day. (New York Times | Bloomberg | CNN | Reuters | CNBC)

ALSO- In what is being described as a major turning point for Syrian politics, Syrian President Ahmed Al Sharaa is set to meet with US President Donald Trump in the White House later today — a first for any Syrian head of state. The two leaders are expected to discuss the remaining sanctions imposed on Syria. (Reuters | Washington Post | New York Times | Guardian)

☀️ TOMORROW’S WEATHER- We’re finally in for some cooler days, with temperatures in the capital tomorrow set to peak at a breezy 28°C before cooling down to 19°C, according to our favorite weather app.

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FOR YOUR COMMUTE

This article was written by humans

? AI — the new factory line: AI content attracts interest for the same economic reasons that drove the industrial revolution — like factories churning out identical products, AI can produce vast quantities of serviceable content instantly. Need 50 product descriptions? Done in minutes. Want to remake your iconic Christmas commercial? Coca-Cola reported reducing production time from a year to about a month, while cutting the team size from 50 people to about 20.

But when Coca-Cola released its 2024 Christmas advertisement, the backlash was swift and visceral. The ad, generated entirely by AI, felt hollow to viewers — a cold (no pun intended) replica of the warm, nostalgic campaigns that had defined the brand’s holiday identity for decades. This year, Coca-Cola doubled down by releasing yet another AI-generated Christmas commercial, with the company’s Global VP of Generative AI Pratik Thakar defending the decision, saying that, “The genie is out of the bottle, and you're not going to put it back in.”

Like the first industrial revolution — even in hindsight — we’re forced to reckon with what we lose when we prioritize efficiency, what we gain from the mass production of creativity and artistry, and ultimately, what we value.

Why was mass production so tempting in the first place? The industrial revolution didn’t just change how things were made — it fundamentally transformed what people expected from the products they bought. Before factories, each item was unique, a trait we now value, but it often meant unpredictable quality. Mass production promised products that met baseline quality standards every single time at a fraction of the cost.

The economics are irresistible to corporations. Why pay human creatives when you can generate adequate content for pennies? The logic is identical to replacing artisan furniture makers with factory workers — except now the workers are algorithms you don’t need to pay, and the yield margins are even wider. Companies view creative work as a cost center to be minimized, regardless of the cultural stakes.

Good enough: Just as factory furniture promised certain standards, AI content often meets baseline requirements. It’s grammatically correct, coherent, and effectively covers the topic. For many commercial applications — product descriptions, social media posts, routine marketing copy — AI produces work that passes the threshold of acceptability. University of South Carolina researcher Wolfgang Messner notes that AI “may satisfy a short-term need: a quick summary, a plausible design, a passable script. But it rarely transforms."

But here’s where the parallel breaks down in a crucial way: Industrial products often exceeded handmade quality in consistency and precision — a factory-made table might actually be more level than one made by a carpenter back in 1760. AI content, by contrast, tends toward mediocrity, with content riddled with inaccuracies and hallucinations that require constant human oversight, and any bursts of creativity are being directly plagiarized. AI can only recombine existing patterns — it can’t create something truly original. It is derivative by nature and by definition — a remix of human creativity scraped from the internet, rearranged according to statistical probability.

The defenders of AI make the same arguments factory owners once did: Progress is inevitable, efficiency benefits everyone, and those who lose their jobs will find new ones. This framing — that opposition is merely fear of change — ignores the legitimate question of whether society benefits when creative work is devalued and gains accrue to a handful of companies.

Speedrunning history: After centuries of mass production, “handcrafted” has become a symbol of quality. The global handicrafts market, valued at USD 740 bn last year, is projected to reach nearly USD 1.2 tn by 2030, driven by consumer demand for sustainable, authentic, and culturally meaningful products. But it is content, not products, that are now being replaced by AI mass production. Showrunner Vince Gilligan promotes his new series by stating that Pluribus was “made by humans.” Meanwhile, companies like Polaroid and Heineken marketing their rejection of AI signals that we are entering a new yet familiar era. If AI represents the new mass production revolution, we’re already seeing the early stages of a counter-movement — a return to valuing the handmade, the bespoke, and the demonstrably human.

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Ears to the Ground

Conspiracy theories all day, every day

? Ladies and gentlemen, put on your tinfoil hats and let’s get down to business. Produced by iHeart, Stuff They Don’t Want You to Know is the perfect podcast for the conspiracy theorists among us. Hosted by Ben Bowlin, Matt Frederick, and Noel Brown, the podcast dives into every single conspiracy theory and inexplicable event out there, attempting to come up with explanations. The podcast is almost identical to iHeart’s Stuff You Should Know, but instead of dissecting general social, political, and daily issues, it dissects more of “what the government doesn’t want you to know,” wink wink, nudge nudge.

To all conspiracy theorists out there, we have good news: The podcast has over 2k episodes ready to stream. Topics tackled by the trio span both past and present — one episode tackles the strange night lights in the skies of New Zealand in the late ‘70s, the cause of which remains unknown, another asks “ Where did Noah’s Ark go? ”, and other episodes tackle AI, serial killers, political mysteries, and much more.

How the sun may sway the winds of war: In one episode, the trio dissects the theory developed by Soviet biophysicist Alexander Chizhevsky, which links cycles of solar activity to human behavior. The theory, Heliobiology, argues that when the sun reaches its zenith, it causes people to become more agitated, making them more susceptible to mass arousal and collective mobilization. Chizhevsky found that most major historical events, including revolutions and wars, coincided with peaks in social activity. The trio then asks, are humans prisoners of the sun?

The hosts’ insatiable curiosity is what makes this podcast stand out. Their conversational dynamic is incredibly entertaining, and the manner in which they navigate between talking points is masterfully smooth, making even the longest episodes a breeze. If you’re a fan of late-night conspiracy theory TikToks, you’ll want to check out this podcast.

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

This publication is proudly sponsored by

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Sports

Young Pharaohs are in for a tough test today

The Egyptian U-17 National Team is set to play a decisive match today at 5:45pm against the English National Team. The face-off is part of Matchday 3 of the U-17 World Cup group stage, and a victory today would mean qualification to the knockout stages.

The Young Pharaohs are currently in the lead with four points, secured following a 4-1 victory over Haiti and a 1-1 draw with Venezuela. Venezuela is currently in second place with four points, followed by England with three in third. Haiti is trailing with zero points to show.


OVER IN THE EGYPTIAN SUPER CUP- Al Ahly secured the title after beating Zamalek 2-0 in yesterday’s match at the Mohammed bin Zayed Stadium in Abu Dhabi. With yesterday’s W, the Red Devils now hold the record for the most titles in the tournament, totaling 16.

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OUT AND ABOUT

A legendary night with Angham at the Pyramids

MARK YOUR CALENDAR-

? Star singer Angham is lighting it up at the Pyramids Panorama on Monday, 1 December, for an unforgettable night of her music. The vocal powerhouse is set to perform live at the Pyramids Panorama with an orchestra conducted by Maestro Hany Farahat. You can get your tickets now on Tazkarti.

HAPPENING THIS WEEK-

Indie film buffs, this one’s for you. CJC 610 is launching a special event of CJCinema tonight, celebrating 15 years of the Egyptian indie film Microphone. The trailblazing movie depicting Alexandria’s underground art and music scene is getting a revival on the big screen, followed by a discussion with director Ahmad Abdalla and starring actors Yosra El Lozy and Ayman Massoud. You can book your spot on CJC’s website.

Comedian Ismail Abdi is taking over CJC 610 on Tuesday, 11 November. Expect a laughter-filled stand-up show on some of our region’s quirks. You can get your tickets on CJC’s website.

Catch Sokseeh’s fresh production of El Kadeya Eli Heya at El Rihany Theater on Thursday, 13 November to Saturday, 15 November. The play brings a fun twist on satirical comedy with frogs and roosters — grab your tickets now on Ticketsmarché.

HAPPENING LATER-

Shake off the week’s stress with some laughter at Ali Quandil’s interactive comedy show on Friday, 14 November, at Theatro Arkan. Expect unscripted jokes and funny surprises — you can head to Ticketsmarché for tickets.

The first-ever Pyramids Echo Festival kicks off at the Pyramids Panorama Theater on Monday, 24 November, and runs until Sunday, 30 November. Expect six magical nights of musical performances featuring global and Egyptian talents. Opening the festival is renowned Chinese pianist Lang Lang, performing alongside The Royal Philharmonic Concert Orchestra, conducted by Ben Palmer. The celebrations will continue at the New Opera House for encore performances on Friday, 12 December and Saturday, 13 December. Tickets for all nights are available on Tazkarti.

Hitmaker Tul8te is kicking off his Narein world tour on Friday, 5 December, at El Malahy Arena. You can grab your tickets to see the iconic masked singer now on Ticketsmarché.

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GO WITH THE FLOW

What the markets are doing on 10 November 2025

The EGX30 fell 1.0% at today’s close on turnover of EGP 6.5 bn (35.8% above the 90-day average). International investors were the sole net buyers. The index is up 35.9% YTD.

In the green: Raya Holding (+3.9%), Orascom Construction (+3.1%), and Mopco (+2.8%).

In the red: Eastern Company (-6.0%), Fawry (-3.1%), and Palm Hills Developments (-2.8%).


?️ 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.

10 November (Monday): Microphone CJCinema screening at CJC 610.

11 November (Tuesday): Ismail Abdi at CJC 610.

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

13-15 November (Thursday-Saturday): El Kadeya Eli Heya at El Rihany Theater.

14 November (Friday): Ali Quandil: Accept, Laugh, Interact at Theatro Arkan.

14 November (Friday): Winter Music Festival at Open Air Mall, Madinaty.

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

15 November (Saturday): Amr Selim at Theatro Arkan.

15 November (Saturday): The TriFactory’s El Gouna Half Marathon, El Gouna.

15 November (Saturday): Carerha Summit at Majarrah, Sheikh Zayed.

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

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.

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

DECEMBER

1 December (Monday): Angham at the Pyramids.

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

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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