Good afternoon, friends, and happy (almost) weekend. We hope you’re staying warm, dry, and indoors as the weather throws us for a loop. With schools off, universities going digital, and the government mulling remote work to conserve energy, we’re left with one thought: What if we didn’t have to hit the road five days a week?
In today’s issue, we explore the four-day workweek model — its viability, logistics, and whether we could ever see such a shift take place in Om El Donia. Also today: We have a book recommendation for you to curl up with under your favorite blanket tonight.
PSA — If you’re catching an EgyptAir flight tonight or tomorrow, be sure to arrive at the airport four hours early for international departures and three hours early for domestic travel. The national carrier issued a formal advisory this morning, citing unstable weather conditions expected to persist through tomorrow, Thursday, 26 March.
THE BIG STORY TODAY-
📍 A new incentive scheme will offer tiered corporate income tax reductions over three years to companies that list on the EGX, a senior government official tells EnterpriseAM. Under the recently agreed-on plan, newly listed companies will receive a 30% reduction on payable corporate income tax in their first year, followed by 20% in the second year, and 10% in the third.
Eligibility will be conditional on maintaining the listing over the three years and hitting y-o-y revenue growth prior to each year’s tax reduction. The companies will also have to keep up to date with listing and disclosure requirements from the Financial Regulatory Authority, including quarterly reports and the payment of listing-related costs.
^^ We’ll have more on this story in tomorrow’s edition of EnterpriseAM.
THE BIG STORY ABROAD-
🌐 A potential end to the US-Iran war sent oil prices down 5% this afternoon after Iran received US President Donald Trump’s 15-point peace plan. This comes even as Israel and Iran continue to exchange strikes, and as the Pentagon moves to send thousands of additional US soldiers to the region. Brent crude has fallen below the USD 100 mark, dipping to near USD 98.5 per barrel as of the time of publication, while WTI has steadied near USD 87.2 per barrel.
^^Read more on: CNBC and Reuters.
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** CATCH UP QUICK on the top stories from today’s EnterpriseAM:
- The Oil Ministry is targeting an additional 1 bcf/d of production by the end of this year, as part of a larger roadmap to bring output to 6.6 bcf/d by 2027 from the current 3.9 bcf/d;
- Egypt’s current account deficit is projected to widen by 2.2 percentage points to 3.4% of GDP this fiscal year and by 0.6 percentage points to 2.5% for the next fiscal year;
- Tourism operators are urging the government to extend low-interest financing initiatives in response to the ongoing regional conflict, which has driven new bookings across the sector down by around 20% y-o-y.
☀️ TOMORROW’S WEATHER- Stay warm and — if you can — stay indoors. We’re in for another day of rocky, rainy weather in Cairo tomorrow, with a high of just 18°C and a low of 11°C, according to our favorite weather app.




