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WHAT WE’RE TRACKING TONIGHT

Egypt signs 3-5 year LNG agreements with global suppliers

Good afternoon, all, and congratulations on making it to the end of the week, even if it was a short one. The weather seems to be heating up, but the news cycle remains cool as we hit the usual summer slowdown.

THE BIG STORY TODAY-

Egypt has agreed to purchase up to 125 LNG cargoes annually from a roster of global suppliers, a government source told EnterpriseAM, confirming a report by Bloomberg. The lineup includes Saudi Aramco, Trafigura Group, Vitol Group, Hartree Partners, BGN, Shell, and Azerbaijan’s Socar. The Egyptian Natural Gas Holding Company inked the agreements for a duration of 3-5 years, our source added.

Capacity in place to handle volumes: To handle the uptick in LNG inflows, we received last week the 750 mcf/d-Energos Eskimo, which joins the recently received Energos Power as well as the soon to be replaced 750 mcf/d-Hoegh Galleon in Ain Sokhna and will be followed soon by a unit from Turkish state-owned energy firm BOTAS.

REMEMBER- The government is preparing for a surge in demand over the summer months by booking in LNG shipments — and the necessary infrastructure to process the deliveries — to close the gap between demand and supply.


Foreigners with permanent residencies to be exempt from vehicle import regulations: The Finance Ministry has decided to exempt foreigners with permanent residencies in Egypt from the personal vehicle import regulations, according to an official decision seen by EnterprisePM.

The details: The decision will apply to foreigners residing in Egypt who have paid for their vehicles abroad, granting them similar treatment as diplomats and Egyptians living abroad, who are allowed to pay for vehicles from outside the country. The exemption also includes foreign students accompanied by their families who are studying abroad, provided they hold residency and are at least 16 years old. There will also be no requirement to submit a document proving payment for the vehicle abroad — instead, buyers will need to provide documentation showing the payment of the vehicle, along with the bank transfer's SWIFT number.

Remember: The Investment Ministry in December issued a decision introducing rules for personal car imports to limit USD outflows and support the localization of the auto industry, capping personal imports at one car every five years and requiring importers to provide proof of financial solvency and make payment through an Egyptian bank. The rules were positioned as part of broader efforts to encourage local automotive manufacturing.

THE BIG STORY ABROAD-

It’s all eyes on an Air India plane crash in the foreign press: A Boeing 787 Dreamliner operated by Air India and bound for London crashed today with 242 passengers and crew on board shortly after taking off from Ahmedabad, the airline said on X. While the number of casualties remains unknown at the time of writing, India's federal health minister said that "many people" were killed, and those injured are being taken to nearby hospitals. The flight crashed in a residential area five minutes after it departed, with its landing gear still out before exploding into flames upon impact. Boeing shares fell 6% in premarket US trading. (Associated Press | Bloomberg | Reuters | Financial Times | CNBC)

☀️ TOMORROW’S WEATHER- The capital will be seeing its hottest day of the week tomorrow, with the mercury set to peak at 38°C before cooling to 24°C at night. The North Coast will be experiencing cooler weather, with the temperature expected to reach just 31°C during the day and 19°C at night, according to our favorite weather app.

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FOR YOUR COMMUTE

Should you make the switch?

Whether or not you choose to break the bank for the Nintendo Switch 2 is entirely up to you, but before making that decision, there are a few things you should know. Since being teased in January 2025, the Nintendo Switch 2 — the successor to the original Switch released in 2017 — has been the talk of all towns in which gamers dwell. The excitement has been palpable across entire gaming communities, and it seems gamers put their money where their mouths were. In less than a week — four days, to be exact— since its launch on 5 June, the Nintendo Switch 2 managed to sell over 3.5 mn units, becoming the fastest-selling Nintendo game system ever, according to the Japanese video game giant… and now that it’s already making its way to Om El Donia, Egyptian gamers have a decision to make.

You might have to apologize to your bank account. With an official retail price of USD 449 — compared to USD 299 for the original Switch —, the viral console is available to pre-order from a number of Egyptian gaming stores, and is currently available at Gamers Colony … with a hefty price tag of EGP 42k, with the same seller offering pre-orders on BTECH Marketplace at an even higher price tag of EGP 45k.

This puts the price of the Nintendo Switch 2 at well over USD 800 for Egyptians looking to get their hands on the shiny new handheld console. Other gaming stores, such as Games World, Shamy, and Games 2 Egypt also offer pre-orders, though at a blind price. The games themselves will cost you a pretty penny too — Switch 2 games that are available to pre-order on Egy Gamer and Gamers Colony come with a sticker price of EGP 2.8-3k — with Mario Kart World at a whopping EGP 4.5k. Needless to say, it’s not looking all too bright for Egyptian gamers looking to stick to a budget. But is it worth the financial plunge?

The good: Eight years after the original Switch, its successor has been afforded a wider 7.9 inch LCD screen, — up from 6.2 — offering 4K output support and 10 times the graphic performance at 120 frames per second, with a custom Nvidia chip, according to CNET. The bigger screen size means a bigger form factor and a slightly heavier device, but in terms of usability, it won’t matter much, though Mashable notes that it feels like a “much more premium-feeling device.”

The Joy-Con controllers also received an interesting upgrade, with new optical sensors that effectively have them doubling as mice, adding more accurate game controls — such as mouse-like aiming. The device’s 12 GBs of ram storage — up from 4 GBs — should also guarantee a smoother gaming experience. For the extroverted gamers out there, the new Switch comes with a bunch of new social features, including built-in-chat — think native Discord — for your virtual hangouts.

The bad: The display may have received a much-needed boost, but it still falls short when compared to the OLED model released in 2021. Engadget claims the Switch 2’s black levels show its shortcomings especially in low light conditions, coming across as more gray than black — though it’s fair to note that such is the case with LCD displays in general. Battery life is the Switch 2’s biggest downgrade. Even though the device comes with an upgraded 5,220 mAH battery, battery life is between 2-6.5 hours of runtime on a single charge, a disappointing metric especially when compared to the original Switch’s 4.5-9 hours of runtime.

And the ugly: Well, it’s a cash burner. According to a 2024 Switch Weekly survey, the average Switch gamer owned 50 games — around half of which were digital. Assuming an average price tag of EGP 43k for the console, 25 physical games at an average of EGP 2.9k based on the average USD 70-80 price tag expected for the majority of Switch 2 games and those listed by Egy Gamer and Gamers Colony, an EGP 2.5k carrying case, and an EGP 700 screen protector, the shiny new console could eventually set you back a cumulative EGP 118k.

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ON THE TUBE TONIGHT

Lies, likes, and terminal delusion

? This con artist docuseries proves there’s no such thing as “too online” to lie: The Search for Instagram’s Worst Con Artist is a two-part itvX documentary airing on Netflix that unpacks the true story of Belle Gibson (as opposed to the fictionalized retelling of Apple Cider Vinegar) — an Australian wellness influencer who faked brain cancer to build a USD multi mn brand. It’s a modern cautionary tale about the power of social media, the gullibility of wellness culture, and the danger of unchecked virality.

The show has a tight, effective structure: It blends interviews with family members, journalists, and friends with footage of Belle’s old posts and press appearances. The format doesn’t waste time on fluff — it keeps the focus on how Belle spun her lie, monetized it, and left real people emotionally and financially wrecked in the aftermath.

Gibson is a fascinating subject because the question isn’t just what she lied about — it’s why. The documentary resists easy conclusions about narcissism or sociopathy, instead painting a more complex picture of self-deception, ambition, and cultural complicity. One moment, you're watching her hawk a cancer-curing app on national TV, the next, you're hearing from people who stopped their actual treatments because they believed her.

Stay for the unraveling, not redemption: There’s no grand apology or teary reckoning from Belle (she declined to participate). Instead, what we get is far more unsettling — a portrait of a woman who may still believe her own myth. The absence of her voice works in the show’s favor, letting those who were harmed tell the story instead.

WHERE TO WATCH- You can stream The Search for Instagram’s Worst Con Artist on Netflix, or watch the trailer on YouTube (runtime: 0:30).

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Sports

The top four battle it out in the Egyptian Capital Cup final

⚽ Ceramica Cleopatra and National Bank will be locking horns in the Egyptian Capital Cup final tonight, with the match kicking off at 8:30pm at Al Salam Stadium.

The road to the final: Ceramica eliminated Ismaily in the semifinals, winning both legs with an aggregate score of 3-0, while National Bank found themselves in the final at Enppi’s expense, winning both legs with a total result of 4-2.

Ceramica is the defending champion, having won the last two editions of the tournament, while a positive result for National Bank would mean its first ever Capital Cup title.

The third and fourth place playoff brings together Ismaily and Enppi tonight at 5pm, with the teams christening the same pitch at Al Salam Stadium before the final.

This publication is proudly sponsored by

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OUT AND ABOUT

Hey Mr. DJ, can you turn the music up?

MARK YOUR CALENDAR-

? Ever dreamt of being a DJ? Kamelizer wants to make your beat-dropping dreams come true at District 5’s Townhall by Kamelizer this June. Collaborating with the DJ Academy in Cairo, Kamelizer is hosting a three-week-long DJ Bootcamp kicking off on Monday, 23 June, and taking place on Mondays and Wednesdays from 6:30 to 9:30pm. Want to master mixing? Be a transition-tron? Know how to work a crowd? The bootcamp will teach you how to do all that and more — and the best part? You’ll get to show off your skills at two live events following the bootcamp. To register for the bootcamp and find out more details, head to Kamelizer Spaces’ Instagram and click the link in their bio.

HAPPENING THIS WEEK-

Swedish beats take on Sharm El Sheikh. Norrköping-hailing DJ and producer Vidojean — one-half of the duo Vidojean X Oliver Loenn — will be firing it up at Sharm’s Space on Thursday, 12 June. Put on your most comfortable shoes, because you’ll likely be dancing all through the night. Tickets can be found on Space Sharm’s official website.

Don’t call it a comeback. It’s more like a ‘awda. On Friday, 13 June, beloved Egyptian artist Hamid El Shari will be joining forces with veteran DJ Andy Cheiko at CJC 610 as part of the club’s Ma Yatloboho El Mostami3oon series. You can book your spot through CJC’s official website.

In the mood for a soothing jazz night this weekend? On Friday, 13 June, Egyptian singer Noha Fekry will be performing live at Zamalek’s El-Sawy Culturewheel. From slowed-down Sabah classics to 1950s Nina Simone hits, Fekry will be transporting the audience back a few decades. You can secure your spot through El-Sawy Culturewheel’s website.

HAPPENING LATER-

Put your knowledge to the test. If you’re a self-proclaimed trivia maven, you might want to head to Maadi’s Darb 15 this Saturday, 14 June. Egyptian event planners Chipmunk are hosting a trivia night, and this might just be your chance to impart some suspiciously niche knowledge. You can book your spot through Darb 15’s Instagram.

CJC 610 wants you to come over for a night of… acrylic painting? No need to do a double take, you read that right. On Saturday, 14 June, CJC 610 is hosting a paint and sip evening with artists Chris and Sher. No need to have skills that rival Picasso’s, just be willing to have some fun. You can secure your spot through CJC 610’s website.

No tickets needed, these concerts are on the house. Viral Egyptian singer and rapper LellaFadda is throwing two pro-bono concerts this June. On Thursday June 19, Fadda will be lighting up Alexandria’s Antoniades Park before heading back to Cairo for an encore at The Greek Campus in Downtown Cairo on Saturday, 21 June. Keep an eye on their social media for more details.

Miami-based Mexican artist and producer Sainte Vie is giving Cairo a taste of Floridian summers. Bringing his signature groove to CJC 610 on Thursday 19 June, the techno dynamo will be joined by local DJs Ziad Mousa, Mohasseb, and Ashmawy. You can get your tickets from Ticketsmarché.

World-famous ventriloquist Jeff Dunham is bringing his puppets to Egypt. Performing live in Cairo for the very first time, the American comedian, actor, and host of the Jeff Dunham show will be playing puppet-master as he orchestrates a comedic showcase under the theme of Artificial Intelligence, stringing along his comical cast of characters at the Drama Hall in the New Capital’s Arts and Culture city on Thursday, 26 June. You can grab your tickets from Ticketsmarché — and don’t worry, you won’t have to pull any strings to get in.

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GO WITH THE FLOW

What the markets are doing on 12 June 2025

The EGX30 fell 1.3% at today’s close on turnover of EGP 5.4 bn (12.4% above the 90-day average). Local investors were the sole net sellers. The index is up 9.3% YTD.

In the green: Emaar Misr (+2.3%), Eastern Company (+1.1%), and Egypt Aluminum (+0.9%).

In the red: ADIB (-4.3%), Palm Hills Development (-4.1%), and Egypt Kuwait Holding- EGP (-3.2%).


12 June (Thursday): Vidojean at Space Sharm.

13 June (Friday): Hamid El Shari at CJC 610.

13 June (Friday): Noha Fekry at El-Sawy Culturewheel.

14 June (Saturday): Sip and Paint at CJC 610.

14 June (Saturday): Trivia Night at Darb 15.

18 June (Wednesday): Casino El Fotrikiano at CJC 610.

19 June (Thursday): Sainte Vie at CJC 610.

19 June (Thursday): Lella Fadda at Alexandria’s Antoniades Park.

20 June (Friday): Tablet el Sitt at El-Sawy Culturewheel.

21 June (Saturday): Lella Fadda at The Greek Campus.

23 June - 9 July (Monday - Wednesday): DJ Bootcamp at Townhall by Kamelizer.

26 June (Thursday): Jeff Dunham at the New Capital’s Drama Hall.

26 June (Thursday): Lena Chamamyan at Theatro Arkan.

27 June (Friday): Medhat Saleh at Cairo Opera House.

27 June (Friday): Cassette ‘90s at El-Sawy Culturewheel.

28 June (Saturday): Cairokee Empire concert at Cairo International Stadium.

JULY

4 July (Friday): Amr Diab, Monolinkand WhoMadeWho at Sol Beach Marassi.

19 July - 30 September (Saturday - Tuesday): Art Space at New Alamein.

AUGUST

6-30 August (Wednesday - Saturday): Egypt Sculpture Symposium at New Alamein.

8 August (Friday): &ME at Sol Beach.

OCTOBER

16-24 October (Thursday-Friday): Gouna Film Festival.

30 October - 22 November (Thursday-Saturday): Forever is Now at the Great Pyramids of Giza.

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