Egypt Edition 
UAE 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Share Issue
Good afternoon, friends, and welcome to another relatively brisk news day both at home and abroad.
THE BIG STORY TODAY
Record high inflation in June: Annual urban inflation accelerated to 35.7% y-o-y in June from 32.7% the month before, according to figures released today by state statistics agency Capmas. The June reading is a new record high, rising above the previous record set in July 2017, when it hit 33%.
THE BIG STORY ABROAD
Prighozin’s reported meeting with Putin after his aborted-mutiny is making headlines in the international press. The head of the Wagner group and a group of its leaders allegedly met with the Russian leader on 29 June after the 24 June mutiny and before leaving for Belarus, according to the president’s spokesman, Dmitry Peskov, who informed reporters in a conference call today. The spokesperson explained that the parties discussed the Wanger group’s concerns and agreed to further operations. Read more about the news on: BBC| Reuters | Associated Press | CNBC | Financial Times | Bloomberg
ALSO- UN warns of Sudan slipping into a full-scale civil war: The statement came as the fighting between the Sudanese warring parties escalated yesterday in Khartoum, Bloomberg reports, citing UN Secretary-General Antonio Guterres. Eyewitnesses in the capital said that the clashing broke out early Sunday, where heavy weapons and military aircraft were spotted in the Kalaka neighborhood. Guterres warned that the continued fighting between the two military generals, Al Burhan and Hemedti, is bound to “destabilize the entire region.”
MARK YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 September at the St. Regis Hotel in Cairo. This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy.
Day one is our Banking Forum, where we’ll dive deep into topics of interest to commercial and investment bankers, from an outlook on the 12 months to come in M&A, IPO, and debt capital markets to the national, regional, and global trends that are (re)shaping our industry.
Day two is all about Fintech and Non-Banking Financial Services. We’ll take a deep dive into everything from the magic of client acquisition to the prospects of consolidation and the coming of challenger banks.
** NEW: MORE NETWORKING TIME- Our agenda includes expanded networking time, including an expanded coffee break and a post-event networking room for you to interact with your peers and speak one-on-one with the team at Enterprise.
TAP OR CLICK HERE if you want to express interest in attending. We’ll be sending out the first batch of invitations soon.
Do you want to become a commercial partner? Ping a note to Moustafa Taalab, our head of commercial, or fill out this form and we’ll be in touch.
STAY TUNED for more detail about our agenda.
DID YOU MISS THE ENTERPRISE EXPORTS AND FDI FORUM? Tune in to the Enterprise Podcast and listen for yourself: The Enterprise Podcast is back with another installment of our forum series, where we bring you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum,which took place in May.
WANT TO LISTEN? Head to: Apple Podcast | Spotify | Google Podcast | Anghami. We’re releasing a new episode every Sunday morning.
IN THIS WEEK’S EPISODE- We explored the lessons learned from the industries that have raised our export profile: Food and beverages, fertilizers and chemical products, and textiles and garments. We were joined on that panel by Mohamed Talaat Khalifa, CEO of Concrete, Shams Eweis, corporate affairs manager for North Africa and the Levant at Mars, and Tarek Hosny, head of investments and projects at Fertiglobe.
Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.
** CATCH UP QUICK on the top stories from today’s EnterpriseAM:
- Taqa Arabia’s debut yesterday as a publicly-traded company got off to a chaotic start as its shares closed up more than 83,000%. That prompted the EGX to roll back all of the day’s transactions and say it would give the company a second debut this morning.
- House approves amendments aimed at boosting FDI: The House of Representatives yesterday gave preliminary approvalto amendments to the 2017 Investment Law that lawmakers hope will help attract more foreign direct investment.
- Foreign passport holders can buy more booze from zero-duty stores: The Finance Ministry made amendments to the customs law that will allow foreigners to buy up to 3 liters of alcohol for personal use from state-owned zero-duty stores, up from two liters currently.
ENTERPRISE IS LOOKING FOR SMART, TALENTED PEOPLE of all backgrounds to help us build some very cool new things. Enterprise — the essential morning read on all the important news shaping business and the economy in Egypt and the region — is looking for writers, reporters and editors to help us build out new publications. Today, we run four daily Egypt and MENA-focused publications, five weekly industry verticals, and a weekend lifestyle edition designed to make our readers feel just a bit smarter.
We have tons more in the pipeline — come help us build new publications. We offer the chance to work in a fast-paced newsroom on a broad range of topics and in a variety of formats. Our goal is simple: To create value for our growing community of >250k daily readers by telling stories that matter.
NEVER WORKED IN A NEWSROOM BEFORE? We have the Enterprise Business Writing Development Program. Whether you are a recent graduate, an industry vet, or looking to switch careers, the Enterprise Business Writing Development Program will give you the tools you need to tell the most important stories to our audience of C-suite officials, government ministers, diplomats, financiers, investors and entrepreneurs.
Not an internship program — a career: The three-month program will see full-time, paid participants take part in workshops and lectures from veteran business journalists on subject matter knowledge, while also working on constructing and filing Enterprise stories that will run on any of our publications. Those who have successfully completed the program, will then be given long-term job offers.
Apply directly to jobs@enterprisemea.com and mention “writing development program” in your subject line.
Get Enterprise daily
The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.
☀️ TOMORROW’S WEATHER- The mercury will be hitting a high of 37°C and dropping to a calmer 25°C in the evening, according to our favorite weather app.
