🃏Good afternoon, ladies and gentlemen, and happy (almost) weekend — and April Fools. Today, we’re looking at why acting the fool in the face of reality might be exactly what you need to keep moving. In other words: sometimes, you just need to be a little delusional.
But first, the news…
THE BIG STORY TODAY-
📍 Fertilizer manufacturers likely won’t be alone in seeing gas prices rise in tandem with their export prices. The government is mulling a flexible and gradually introduced pricing structure for natural gas for some sectors to cushion the state from rising energy import bills while keeping margins in the industrial sector viable, three government officials tell EnterpriseAM.
But this won’t apply to all sectors, with the food industry and other essential goods producers likely to have their gas bill remain the same. With inflation for many of these goods already rising, the state seems willing to shoulder the increased energy costs to try to keep inflation in check and production at sufficient levels. The ceramics sector will also likely see prices remain the same on the back of a growing backlog in the sector — at least until there’s greater clarity in the markets.
^^ We’ll have more on this story in tomorrow’s edition of EnterpriseAM.
THE BIG STORY ABROAD-
🌐 It’s another busy afternoon in the global press, with US President Donald Trump reiterating that the war with Iran could end in “two to three weeks.” Trump also topped headlines after threatening to leave NATO if European countries don’t step up to stop Iran from blocking the Strait of Hormuz.
Not long after, British Prime Minister Keir Starmer announced that the UK would gather 35 countries to discuss ways to reopen and secure the strait. Meanwhile, as strikes between Iran and Israel continue, Iran’s IRGC has threatened to attack US tech companies, including Nvidia, Apple, Microsoft, and Google, in retaliation for US assassinations in Iran.
^^Read more on: BBC, CNBC, Reuters, and the Guardian.
In the business press, Oracle made significant job cuts on Tuesday — about 10k workers are believed to have lost their jobs via a 6am email. The software company has been investing heavily in AI and has witnessed its stock plummet this year.
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** CATCH UP QUICK on the top stories from today’s EnterpriseAM:
- A majority of analysts and economists polled by EnterpriseAM expect the CBE’s Monetary Policy Committee to leave interest rates unchanged at its meeting tomorrow, marking a sharp shift from February’s “crisis management is over” narrative;
- The Madbouly government has secured a new JPY 35 bn loan — equivalent to USD 220 mn — from Japan to shore up the budget and grease the wheels of private-sector reform;
- The unusually quiet streets of Cairo are catching the attention of the global press. Reuters and AP are both out with pieces interviewing business owners and workers to get on-the-ground reactions to the government’s decision to shut select businesses early.
☀️ TOMORROW’S WEATHER- It’s going to be another day of rocky weather in Cairo, with showers and potential thunderstorms forecast. Temperatures are set to peak at a high of 25°C, with a low of 14°C, according to our favorite weather app.




