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WHAT WE’RE TRACKING TONIGHT

Kuwait to finalize agreement for first tranche of USD 3 bn investment package as early as 2025

Good afternoon, folks, and happy hump day. The news cycle seems to be picking up after a slow start to the week.

THE BIG STORY TODAY-

? Kuwait is in discussions with the government to soon put into action a planned USD 3 bn investment package, two government sources told EnterpriseAM. Negotiations between both parties are ongoing, with the first tranche of the planned investments expected to be agreed before the end of 2025 or in 1Q 2026.

The Gulf nation is interested in investing across multiple sectors – not just real estate development, which has dominated bit-ticket investment flows incoming from the GCC. Kuwait is taking an interest in our ports, logistics infrastructure, industry, and renewables, we were told.

They may also play a part in our airport privatisation push, with officials from the country having expressed interest in the first offering currently being prepared in collaboration with the International Finance Corporation and expected to be launched before the end of the year.

The investments will be partly funded by converting deposits it holds in Egypt’s central bank, in addition to direct investments into industrial and banking assets, data centers, and various industries, our sources told us.

** Want the full rundown? We will have our full report on the planned tranche of investments in tomorrow morning’s issue of EnterpriseAM — stay tuned.

THE BIG STORY ABROAD-

? All eyes are back on DC as the longest US federal government shutdown in history appears to be drawing to a close. The US Senate has voted 60-40 to approve a bill to reopen the government. The bill, now passed onto the House, where it is expected to pass as soon as tomorrow, includes three full-year funding measures for parts of the government and stopgap funding for the remaining parts until 30 January.

After being passed by the House of Representatives, the bill will then land on US President Donald Trump's desk to be signed. Trump has already expressed his support of the funding agreement, which forgoes Democrats’ long-standing demand to renew healthcare subsidies. (CNN | BBC | Reuters | Financial Times | Bloomberg)

Following the news, gold jumped 3% overnight to USD 4.1k per ounce. Dow Jones, Nasdaq, and S&P 500 futures were all in the up at the time of publication before Wall Street kicked off trading for the day. "Markets have reacted positively with a sigh of relief, but it may be too early to pop the champagne," OCBC Managing Director for Investment Strategy Vasu Menon told Reuters. (Reuters | Bloomberg)

☀️ TOMORROW’S WEATHER- We’re in for another breezy day in Cairo tomorrow, with an expected high of 28°C and a low of 18°C, according to our favorite weather app.

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FOR YOUR COMMUTE

Put corporate-speak on the backburner for now, we’ll circle back later

? To touch base with your employees, you have to break down silos, leverage all existing resources, and take actionable steps towards fostering synergy. While grammatically sound and LinkedIn-ready, this sentence is little more than than good-intentioned white noise completely void of meaning. While corporate jargon has long fulfilled its duties as a means through which complex ideas are seamlessly and efficiently conveyed throughout the professional sphere, its overuse may just have an inverse effect on workplace culture and corporate strategy, according to the Harvard Business Review.

The road to corporate hell is paved with good intentions. Professional shorthand, once intended to unify, has begun to show faults, especially when conveyed on a macro level, such as overarching corporate strategies and visions. Phrases such as “customer-first,” “disruptive innovation,” “maximizing value,” may be — and are — widely misinterpreted from one department to another. To a marketing department, disruptive innovation may be interpreted as low-budget guerilla strategies designed for shock value; to R&D it may mean breaking the bank to actualize the latest and greatest in tech; to finance, may mean frugality in favor of returns. HBR refers to this phenomenon as an execution drift — widening gaps between leadership intent and subordinate action.

While the strategies may not be inherently flawed, how they’re communicated can make them backfire. According to a recent study published in the International Journal of Business Communication, corporate jargon “significantly impairs processing fluency,” and negatively impacts productivity.

For jargon to fulfill its purpose, abstractions must be extinguished, and “mirage language” omitted. HBR argues that a hallmark of an effective strategy is the ability to balance specificity with possibility. For this to be achieved, strategies need to clearly address tangible behaviors and desired outcomes and present a precise framework that can function as an actionable guide for which behaviors and outcomes should be actualized.

This isn’t to discourage ambitious lingo. While proclamations of the spirited sort may grant leadership convenient flexibility — and at times, provide loopholes when promises go unfulfilled — they’re catalysts for wasted effort. But this should not be reason enough for their elimination — instead, ambitious statements should be supplemented by realistic and solid demonstrations of intent, with language placed within proper functional context to avoid potential miscommunications.

Growth, excellence, and optimization — all inherently vague umbrella terms — should be accompanied by explanatory metrics like revenue increase percentages, customer retention rates, and time-to-completion benchmarks or error reduction figures that give them concrete meaning. Not doing so would make them ineffective abstract ideals — the real “game changer” would be giving them real, actionable definitions.

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EAT THIS TONIGHT

Tutti Italiano at Porta D’oro

? Italian cuisine is a familiar favorite — tried and tested, but not always mastered. Porta D’oro is one among many Italian restaurants in Cairo, but it holds its own. The contemporary dining spot offers a menu that stays faithful to the unique palate of Italy, covering all its bases. The restaurant doesn’t try too hard to stand out with experimental fusions or over-the-top branding — instead it opts for a subtle, comfortable dining experience in its rustic, cosy setting, and a menu that doesn’t overwhelm you with options you’ve never heard of before.

We started off with their mixed fried appetizer, a platter with fried onion rings, fried mozzarella sticks, and crispy chicken strips served with marinara sauce and cheese sauce. While there’s not much to write home about, the marinara sauce came to the rescue. The coatings on all the fried finger foods were lacking in seasoning, but the quality of the ingredients within was indisputable.

For our main dishes, we tested the classics. The chicken risotto — a signature Italian favorite — didn’t disappoint. We found plenty of tender bites of chicken smothered in a flavorful creamy white sauce and parmesan cheese, mixed in with proper al dente arborio rice. Aside from it being slightly less creamy than expected, this dish hit all the right notes. We had less of a satisfying experience with the lemon sauce chicken. While the poultry itself was tender and succulent, we were let down by what felt like an underseasoned and overcooked sauce — the star of the dish.

Tried and true: Porta D’oro’s menu boasts a nice selection of seafood dishes — their standout dynamite shrimp appetizer was a staple on most tables. The star of any Italian menu, the pizza is a popular item that you can find in all the classic flavors. For early risers, Porta D’oro’s variety-filled breakfast menu looks promising and could be a refreshing experience with Italian cuisine. While we haven’t tried it yet ourselves, you may beat us to the punch.

WHERE TO FIND IT- You can head to Porta D’Oro at The Nox in New Cairo or Thawra Street in Dokki. You can also order in through Talabat.

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Sports

A regional tournament during another international break

The fields are empty and the whistles are back in the drawer, with no matches today with the start of an international break. We have regional matches to look forward to, with the Egyptian national team taking part in a two-match friendly tournament in the UAE alongside Iran, Uzbekistan, and Cape Verde. The tournament is set to kick off this Thursday through Tuesday, 18 November — the final day of the break.

This publication is proudly sponsored by

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OUT AND ABOUT

Forever is Now returns to the Pyramids

MARK YOUR CALENDAR-

? Art D’Egypte’s Forever is Now makes its annual comeback at the Giza Pyramids, setting into motion tonight and running until Sunday, 7 December. This year’s lineup features ten internationally acclaimed artists, each bringing their own reconceptualization of the iconic Giza plateau, blending the historic with the contemporary.

HAPPENING THIS WEEK-

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.

Calling all art enthusiasts: Cairo International Art District is back. Art D’Égypte’s special production brings a diverse lineup of artists across restored heritage venues in Downtown Cairo. CIAD is open access to the public at the Shourbagy Building until Sunday, 16 November, with only Mondays off.

HAPPENING LATER-

The Winter Music Festival returns to Madinaty’s Open Air Mall on Friday, 14 November. This year’s festival brings you performances from superstars Hisham Abbas, Hamid El Shaeri, Mohamed Fouad, and Ehab Tawfik. Embrace the cozy winter vibes as you sing along to their nostalgic hits — you can get your tickets on Ticketsmarché.

Cairo Design Week returns from Friday, 21 November to Saturday, 29 November for a one-of-a-kind experience with Egypt’s design landscape. Be prepared for an array of events and exhibitions across Heliopolis, Zamalek, and Downtown. You can secure all week access or district passes through Ticketsmarché.

Theatro Arkan is setting us up for a laughing fit this month with its new Comedy Gang Festival at The Golden Theatre. Running two nights a week, starting on Thursday, 6 November and ending on Saturday, 29 November, the festival brings together 56 of our favorite standup comedians with plenty of surprises and special guests in store. You can grab your tickets on Ticketsmarché.

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GO WITH THE FLOW

What the markets are doing on 11 November 2025

The EGX30 fell 0.4% at today’s close on turnover of EGP 6.3 bn (30.7% above the 90-day average). Regional investors were the sole net sellers. The index is up 35.4% YTD.

In the green: Misr Cement (+5.8%), ADIB (+4.2%), and Beltone Holding (+3.7%).

In the red: Orascom Development (-4.3%), Ibnsina Pharma (-3.7%), and Juhayna (-3.7%).

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Founder of the Week

Meet our founder of the week: MYS’s Mohamed Shamsi

? OUR FOUNDER OF THE WEEK — Every Tuesday, Founder of the Week looks at how a successful member of Egypt’s business or startup community got their big break, asks about their experiences running a company, and gets their advice for budding entrepreneurs. Speaking to us this week is Mohamed Shamsi (LinkedIn), co-founder of MYS Fashion Co.

My name is Mohamed Shamsi and I am the co-founder and creative innovation director at MYS, and the business development manager at Mohamed Yasser Shamsi for Ready-made Garments. I graduated from fashion marketing at the London College of Fashion at the University of the Arts London. It influenced my understanding of branding by exposing me to some of the biggest global fashion houses, letting me learn from some of the best minds in the industry.

I started my career on the factory floor with my father. He used to tell me: “You need to know the product before you get into the industry.” So I spent my time getting to know how the product was made, understanding the processes and every stage of production, and getting to know the people whose craftsmanship makes it all possible. That experience gave me a deep appreciation for the process, and has become the foundation of my work at MYS.

Launching this business felt inevitable. My family has been producing shirts for over 45 years, manufacturing them for many different international brands in Italy, Germany, the US, and France. We knew it was time to introduce the same quality garments to the local market — there was a clear gap to fill, and filling it would mean Egyptian professionals wearing the same quality shirts seen in Milan, London, and Paris, proudly made by Egyptian craftsmen.

We're not a general fashion brand. MYS is specialized, and focuses on one product — shirts. Behind it is a story between a father and a son, the classic and the modern. My vision and my family’s expertise is what gives us an edge over our competitors. We have a story to tell, and a heritage to stand on. We control everything from the fabric to the trims and the final finishing.

One of my biggest achievements has been expanding our manufacturing reach internationally. Within the last two years, we were able to introduce 20 new clients and 10 export markets — 80% of our production capacity now serves international brands.

In five years, I see MYS expanding into new markets, specifically the GCC, specifically the UAE and KSA. We want to have launched a bespoke arm as well — personalized services like made-to-measure, monogramming, and digital shirt customization. We’re also looking into brick and mortar stores, where my father’s retail experience will play a key role.

The challenges we’re facing have taught me the importance of flexibility, planning, and resilience. We’ve been relying more on local materials than imported ones to help balance the challenges around currency fluctuations. We've implemented new systems to improve our efficiency, lower our headcount, and improve our productivity. We’ve learned to make sure we're calm and proactive at any time and most importantly, be adaptable. We're not made of stone — staying proactive and responsive to our environment is a core part of our vision.

One thing I would like to change about the industry is consumer awareness. I would like to help the business professionals who wear our garments understand not just what goes into making a quality shirt, but why Egypt deserves recognition as a leader in the readymade garment industry — why we have a huge advantage over our competitors, the logistical advantage our geographic location lends us in exporting, and our access to some of the finest raw materials and skilled craftsmanship.

The most rewarding aspect is knowing that MYS gives back. We're the first clothing brand to ever partner and cooperate with the Egyptian Clothing Bank (ECB) — a project we are launching soon. We will be donating part of our revenue to ECB, working on projects that center accessibility, and donating or distributing shirts to those who need it. On a personal note, I still get the same excitement every time I see an order notification — the feeling never gets old.

Work-life balance is something I’m inexperienced at, and something I’m struggling with currently. I am pouring my focus into the business — I’m passionate about it and obsessed with its growth. But I’ve just started working with a life coach to get some guidance — it’s something my fiancée will be happy for me to figure out.

If I wasn’t leading MYS, I would find myself in sales and marketing. It's something I'm good at — I've always loved connecting with people and selling my ideas to them. I wouldn’t call myself the brain behind the business — I’d say I was at the most one-third of it, with my father being the other two-thirds. But give me any client and I'll find a way to sell them the shirt. That's what I do best.

If I could speak to my younger self, I’d echo my father’s advice: Spend more time with your people, listen to them, and learn from them. Leadership starts with understanding your people, your product, and your purpose. If I could go back, I'd do more of that first.

If I could give new entrepreneurs one piece of advice, it would be to know everything about your business — every single verticality. Get involved in everything, and stay endlessly curious. Leadership isn’t about being behind a desk — it’s about walking the floor, getting to know the people around you, and earning their trust. If people don’t know you, they won’t believe in your vision.


?️ 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.

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.

19 November (Wednesday): Jef Neve and Teus Nobel Jazz Concert at AUC Tahrir Square.

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.

28 November (Friday): IL Monte Galala Adventure Festival by the TriFactory.

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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