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Critical thinking

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WHAT WE’RE TRACKING TONIGHT

Azimut to launch Egypt’s first digital real estate fund after FRA nod

Good afternoon, friends, and congratulations on another successful workweek. It was a slow one in the press, with a few overarching stories still getting top billing.

THE BIG STORY TODAY-

Azimut Investments is gearing up to launch Halan-Azimut, the country’s first digital real estate investment fund, after securing approval from the Financial Regulatory Authority (FRA) to establish Egypt’s first licensed digital platform for trading real estate fund units, according to a Cabinet statement. This marks a key step in bringing fractional property ownership to local investors through regulated digital certificates.

Where we’re at: The FRA is now reviewing the fund’s prospectus ahead of its rollout, which is part of a wider strategy to digitize investment products, enhance financial inclusion, and modernize domestic capital markets. The regulator said the new platform falls under its 2025 framework governing digital real estate fund activity, aimed at expanding investor access and ensuring transparency in the non-banking sector.


Destiny Energy to invest USD 210 mn in developing green ammonia and hydrogen facilities in the SCZone: Singaporean renewables developer and investor Destiny Energy plans to develop a USD 210 mn green ammonia production facility in the Suez Canal Economic Zone (SCZone), according to a statement by the General Authority for Investment and Free Zones (GAFI).

The details: The facilities will produce 53 tons of green hydrogen and 300 tons of green ammonia daily (about 100k tons annually). This project will use future wind and solar capacity in the SCZONE, either developed by Destiny Energy or sourced locally, CEO Vijay Sersi said. Renewable energy is expected to lower production costs, making the output more competitive for Egyptian and European markets.

The project aims to boost Egypt’s export competitiveness: Domestic factories will gain additional green ammonia to cut their carbon footprint, helping Egypt meet the EU’s Carbon Border Adjustment Mechanism (CBAM) requirements and boost the competitiveness of its exports, GAFI’s CEO Hossam Heiba said.

THE BIG STORY ABROAD-

? One story is leading the press this afternoon — the very same that has dominated the global news cycle throughout the week: the end of the US federal government shutdown. On Wednesday, the US House of Representatives voted 222-209 to end the longest federal government shutdown in US history at 43 days.

The funding bill was then sent off to US President Donald Trump, who promptly signed the agreement, bringing to an end a national crisis that left over 1.4 mn federal employees unpaid, food aid suspended, and thousands of flights cancelled. The agreement will also reverse the mass layoffs ordered by Trump during the shutdown. The damage done will not be reversed overnight, with the House noting that official reports on inflation and employment during the month of October will likely never see the light of day.

The reopening was met with muted market reactions. Stock futures remained virtually unchanged, with the USD and US Treasuries weakening, signalling loss of investor confidence. Precious metals rose, with gold trading at USD 4.2k per ounce, and silver at USD 53.6 per ounce at the time of publication. (Reuters | Financial Times | BBC | CNN | Wall Street Journal)

With the shutdown now over, the Epstein files are back under the spotlight. House Democrats released three emails on Wednesday further tying Trump and deceased convicted [redacted] offender Jeffery Epstein. The documents detail correspondence between Epstein, Ghislaine Maxwell, and US journalist Michael Wolff. In one email, Epstein wrote to Wolff that the US president indeed “knew about the girls.” (CNN | BBC | Reuters | Guardian | New York Times)

AND- A discharge petition to force a vote on the full release of the Epstein files secured its last signature yesterday, triggering a situation room meeting between the Trump administration and Lauren Boebert, a key GOP lawmaker, CNN reports. The meeting was then confirmed by White House Press Secretary Karoline Leavitt. (CNN | New York Times)

☀️ TOMORROW’S WEATHER- We’re in for a rainy day in Cairo tomorrow, with temperatures peaking at just 25°C before cooling down further to 18°C, according to our favorite weather app.

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FOR YOUR COMMUTE

Students are losing their ability to think critically, reveals Cairo University study

? A Cairo University study has found that AI assistance may be undermining critical thinking and creative problem-solving among university students, adding to growing concerns that our increasing reliance on the technology may be fundamentally changing how we think and learn. The experiment, led by Professor of Political Science Dr. Mazen Hassan, alongside Assistant Lecturer Engi Amin, Associate Professor Sarah Mansour, and Assistant Professor Zeyad Kelani, was conducted with nearly 100 senior university students at Cairo University.

The research was prompted by dramatic changes they’ve witnessed in student behavior. “AI is now being used by 100% of students,” Dr. Hassan, who has taught for 22 years, told EnterpriseAM. “At least for brainstorming their research papers and summarizing the readers. It is also being predominantly used in writing term papers and answering assignments, which is very worrying.”

The research team chose to focus on three variables — innovation, effort, and risk behavior — because of their fundamental importance to higher education. To measure innovation, they used a computer-based game where subjects faced a business problem — increasing the sales of a street vendor selling lemonade. Students had to experiment with different variables, like the color of the lemonade, the sugar concentration, and booth placement. “It's a matter of trial and error, learning from experiences, sometimes taking risks, and eventually they are driven by [income].”

The study design was rigorous: Over a one-month period, participants submitted three graded assignments, with the treatment group using ChatGPT to write the essays, while the control group completed the assignments without AI assistance. One of the study’s most surprising — and perhaps counterintuitive — results was that ChatGPT users became more inclined to take risks. “In the real world,” explains Dr. Hassan, “We have to invest time and effort [into testing] each possible strategy. A [strategy] costs a lot of money and a lot of time.” But this is not the case when you’re relying on the predictions of a chatbot. “It’s a cheap method that encourages the user to try and test multiple solutions to the questions until they get a result,” says Dr. Hassan. “It’s cheap, and it’s fast.”

But the changes extend beyond just how students complete assignments — Dr. Hassan reports that students have been exhibiting less critical thinking. How do they know that it’s due to AI use? “All of a sudden, we’ve been seeing better English being used, which is an indicator of the use of AI,” we were told. When Dr. Hassan polls his students about their reading habits, the results are stark: almost none of them say they’ve actually done the reading — instead, they ask ChatGPT to summarize it for them.

Why summaries are harming us: Dr. Hassan emphasizes that this shift away from traditional reading carries serious consequences, observing that “students’ motivation, innovative drive, and eagerness to learn” have been on the decline since the ascent of AI. “Reading for 30 minutes as opposed to just reading a summary for a couple of minutes generates ideas in one’s mind, opens up completely new venues of thinking that one would not have thought of as opposed to the narrow-minded targeted reading of a [summarized] text,” he explains.

Will these effects on their critical thinking skills be permanent? “From one angle you can say they will be permanent, because people are using it constantly. So it's not a short intervention where we expect it will produce short-term results that would eventually fade away,” he told us. But he also suggests the cautiously optimistic possibility of what statisticians call “regression to the mean” — where as the novelty of the technology fades, students and people on a wider scale will revert back to relying on themselves. “[But] so far I don't see reasons for optimism, especially looking at the university students,” he adds.

What can educators do — if anything? Dr. Hassan argues that completely banning ChatGPT is not feasible — that we would be fighting a force beyond our means. Instead, he proposes several strategies: “We might want to go back to old-style exam-based testing at universities, as opposed to the drive in the past few decades, where the shift has been towards assignments, take-home exams, research papers,” he suggests, as educators cannot now be confident that these assignments are being done by students. Dr. Hassan also recommends more frequent faculty-student meetings to track the development of ideas.

But the challenge runs deeper than just assessment methods: “How do we encourage students to read? This is the toughest task,” Dr. Hassan admits. He believes that professors must become more creative in designing exams that truly test critical engagement with material rather than just comprehension of summaries. “I know that students get copies of past exams and then ask AI to predict what this year's exam would look like. And then they memorize the answer,” he reveals. “So we have to be constantly innovative in our own exam questions, always changing the strategy. This is what we do in political science — we include events that have happened maybe one day before the exam, which is very difficult for AI to predict (I hope).”

But the implications extend far beyond academia. As MIT researcher Nataliya Kosmyna and others have documented, AI assistance appears to reduce brain connectivity and impair memory formation. Cairo University’s research provides complementary evidence that the effects extend to innovation and critical thinking as well, representing one of the first empirical and peer-reviewed studies of ChatGPT’s impact on innovation, effort, and risk behavior in a real-world academic setting. “We want to make sure that the degree that we give to students is [one] that they have earned,” says Dr. Hassan, especially as this upcoming generation become “the ones that are asked by society and by governments, by everyone, to produce new solutions to either economic problems or social problems.”

Kosmyna noted receiving more than 4k emails from educators worried that AI is creating a generation that doesn’t have any usable knowledge or understanding of the material. The Cairo University research team’s findings suggest the need for urgent attention to how these technologies may be reshaping — or regressing — human cognitive capabilities.

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ON THE TUBE TONIGHT

A cynical retiree you can’t help but love

? Order in the hall: Based on Swedish author Fredrik Backman’s 2012 bestseller A Man Called Ove, A Man Called Otto — an American adaptation directed by Marc Forester (World War Z, The Kite Runner) and starring Tom Hanks as the titular character — follows a grumpy, cynical, holier-than-thou retiree to whom following the rules is scripture.

Having been forced into retirement months after his wife Sonja passed away, Otto dedicates his time to running his neighborhood like a navy — scolding rule-breaking neighbors, casually dropping passive aggressive comments, and making sure everyone knows he’s in charge — though in reality, he really isn’t. Otto is persistent, calculating, and structured, especially when it comes to his latest endeavor: ending his own life.

At this, Otto consistently fails. Despite multiple well-planned attempts, Otto just can’t seem to do it, not out of fear, but out of sheer inconvenience. One attempt fails after a loose screw drops him from the ceiling, another when an unexpected visitor interrupts him, and another when a newly relocated family just can’t seem to parallel park, leading Otto to take matters into his own hands — and in doing so, unexpectedly changing his life for the better.

A new-found family. Tommy (Manuel Garcia-Rulfo) and Marisol (Mariana Treviño), along with their two young daughters, move into the neighborhood. Seemingly clueless, lost, and disorganized, Otto begrudgingly begins helping the family out of frustration, taken aback by their excessive joviality and friendly behavior. As the days pass, Otto begins showing vulnerability and genuine care for the family, albeit hidden under a mask of stoicism.

As Marisol seeks Otto’s friendship, inquiring about his past, we’re taken a few decades back in time. The film introduces a young Otto (Truman Hanks) and a young Sonja (Rachel Keller), detailing their love story, and Sonja’s unfortunate demise. Otto’s personality is shown to be quite different from present-day Otto, yet Marisol’s friendship may just change him back.

A Man Called Otto is an emotional drama, at times hiding under the guise of comedy. At its core, it's a film about grief, love, and friendship — and how no one is beyond rescue. Over the course of two hours, you’ll laugh, cry, and then cry some more. Backman’s stellar writing and character development shine through, and the entire cast — particularly Hanks senior and Treviño — deliver stellar, nuanced performances. Community — and all the inconveniences that makes it one — is a central theme, and the movie deftly and realistically tackles a slew of difficult topics.

If you’ve read the novel, you’ll know how it ends. If this is your first introduction to Backman’s iconic Ove (Otto), you’ll want to keep a tissue pack handy.

WHERE TO WATCH- You can stream A Man Called Otto on Netflix. Catch the trailer on YouTube (runtime: 2:39).

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Sports

A busy weekend on the football fields

The Pharaohs in Al Ain: The lights at Hazza bin Zayed Stadium in Abu Dhabi will be on tomorrow to witness Egypt’s matchup with Uzbekistan in the Al Ain International Cup semifinal, kicking off at 6pm.

The FIFA-affiliated Al Ain Cup will feature four national teams who have already booked their tickets to the 2026 World Cup — Iran, Cape Verde, Egypt, and Uzbekistan. Because it is in the official FIFA agenda, results will impact the participating teams’ world ranking.

Iran will be facing Cape Verde at 6pm today, with the victor advancing to meet whoever comes out on top between Egypt and Uzbekistan in the final on Monday. The losing sides will fight for third place the same day.


Our U-17 homegrown team will be taking on Switzerland in the Round of 32 in the youth World Cup in Qatar at 3pm on Friday. Egypt’s Young Pharaohs reached the knockout stages after beating Haiti, drawing with Venezuela, and falling to England in the group phase. They managed to collect four points to squeeze through as one of the best third-placed teams.


The European World Cup qualifiers roll on this weekend. All matches will kick off at 9:45pm, save for those noting otherwise:

  • France vs. Ukraine (Thursday);
  • Ireland vs. Portugal (Thursday);
  • Moldova vs. Italy (Thursday);
  • England vs. Serbia (Thursday);
  • Luxembourg vs. Germany (Friday);
  • Poland vs. the Netherlands (Friday);
  • Croatia vs. Faroe Islands (Friday);
  • Switzerland vs. Sweden (Saturday);
  • Kazakhstan vs. Belgium (Saturday, 4pm);
  • Georgia vs. Spain (Saturday, 7pm).


Who will represent Africa and Asia in the global playoff? The runners-up from African and Asian World Cup qualifying groups are gearing up for the continental playoffs, with just one team from each confederation ultimately reaching the global playoff for a World Cup spot.

In Africa: Nigeria will be going head-to-head against Gabon at 6pm today, while Cameroon will take on DR Congo at 9pm. The victors will meet in the continental playoff final to determine who advances to the playoffs.

In Asia: The UAE will host Iraq in the first leg of their matches at 6pm tonight, with the return leg scheduled for next Tuesday. The aggregate champion will make it to the global playoff.


International friendly matches we’re keeping an eye on this weekend:

  • Egypt’s B team vs Algeria’s B team (Friday, 4pm);
  • Angola vs. Argentina (Friday, 6pm);
  • Saudi Arabia vs. Côte d’Ivoire (Friday, 6:30pm);
  • Tunisia vs. Jordan (Friday, 6:45pm);
  • Morocco vs. Mozambique (Friday, 9pm);
  • Brazil vs. Senegal (Saturday, 6pm);
  • United States vs. Paraguay (Sunday, 12am).

This publication is proudly sponsored by

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OUT AND ABOUT

Get your adrenaline fix at IL Monte Galala’s Adventure Festival

MARK YOUR CALENDAR-

? Up for a quick adventure to Ain El Sokhna? Brought to you by TriFactory, the first IL Monte Galala Adventure Festival is taking place on Friday, 28 November at Ain El Sokhna’s IL Monte Galala. The festival features Ascent’s annual regional bouldering competition, fun workshops, and great food courtesy of the Grill Setup. Registration is open now and closes on Sunday, 23 November — you can secure your spot on TriFactory’s website.

HAPPENING THIS WEEKEND-

The Fustat Winter Festival kicks off with a concert conducted by the great composer Omar Khairat tomorrow, Friday, at 8 PM. The festival will be held at the Fustat Hills Park after its renovation and comes as an extension of the celebrations for the opening of the Grand Egyptian Museum. The festival features concerts with artists such as Amal Maher, Tamer Ashour, Ahmed Saad, Marwan Moussa, and others, and will continue until Friday, 5 December. Tickets are available on Tazkarti.

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

The Winter Music Festival returns to Madinaty’s Open Air Mall tomorrow 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.

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

Carerha Summit returns to empower women on Saturday, 15 November, taking place at Sheikh Zayed’s Majarrah. Under the theme Herizon, this year’s summit celebrates women’s professional journeys through an exciting lineup of panels, workshops, and mentorship and career-coaching sessions. Secure your spot through Ticketsmarché.

This is for lovers of classic music: Amr Selim is coming to Theatro Arkan for an evening of his most magical compositions on Saturday, 15 November. Don’t miss out on the chance to experience the maestro’s brilliance live. Tickets are available on Ticketsmarché.

HAPPENING LATER-

The first ever Pyramids Echo Festival kicks off at the Pyramids Panorama Theater on Monday, 24 November, running 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.

Star singer Angham is lighting it up at the Pyramids 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.

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 13 November 2025

The EGX30 fell 0.1% at today’s close on turnover of EGP 7.3 bn (50.1% above the 90-day average). Local investors were the sole net buyers. The index is up 35.1% YTD.

In the green: Misr Cement (+11.1%), Telecom Egypt (+6.4%), and E-finance (+3.4%).

In the red: Beltone Holding (-4.2%), Arabian Cement (-3.7%), and Juhayna (-3.0%).


?️ 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 - 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 November (Friday): Fustat Winter Festival at Fustat Hills Park.

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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