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WHAT WE’RE TRACKING TONIGHT

Arabia Developments launches EGP 30 bn tower complex in New Capital

Good afternoon, friends, and happy hump day. We’re getting ready to wind down for the week, but it seems the news cycle isn’t following suit.

THE BIG STORY TODAY-

📍Arabia Developments has launched a EGP 30 bn mixed-use tower compound in the New Capital, dubbed KOR, according to a statement (pdf) from the real estate developer. The 110k-sqm development includes seven towers — two residential towers, four administrative towers, and a hotel. The first phase of the roughly USD 627 mn project has been under construction already for six months and is scheduled for delivery in 2029, which will include administrative offices and residential units.

The details: Each tower is 21 floors-high, offering a total of 3.5k units. The project will also feature social clubs, co-working space, as well as a commercial area with stores and restaurants. It is also targeting 40% lower operating costs and zero carbon emissions, in addition to incorporating smart mobility features such as EV charging and bike-sharing stations.

What they said: “We believe that this project is not just a real estate development, it is an integrated platform combining innovation, technology, and sustainability, to present a living model for smart cities that supports urban advancement and enhances the quality of living, work, and entertainment in the New Capital,” Arabia Developments Founder Tarek Shoukry said.

THE BIG STORY ABROAD-

🌐 The news cycle isn’t showing any signs of slowing down in what’s shaping up to be a particularly politically-charged week. US and Russian officials are set to resume their meetings in Abu Dhabi this afternoon to discuss the US-brokered plan to end the war in Ukraine. The US envoy is led by Army Secretary Dan Driscoll, and the meetings include top military officers from both countries, with US State Secretary Marco Rubio and other US negotiators not attending. The meeting follows an overnight strike exchange between Russia and Ukraine, which left six dead in Ukraine and three dead in Russia.

The meeting in Abu Dhabi comes just days after the Geneva talks, which saw “solid results” by its conclusion, according to Ukrainian President Volodymyr Zelenskyy, following preliminary tension about what Ukraine and its EU allies saw as major concessions to Russia. A meeting between Trump and Zelenskyy is also reportedly in the works. (Guardian | Financial Times | Reuters | BBC | CNN | ABC | Wall Street Journal | Politico)

OVER IN THE BUSINESS PRESS- Nvidia stocks fell over 3% pre-market earlier today after reports of Meta’s possible pivot to Google’s AI chips. Alphabet stocks were up 4% pre-market at the time of publication. (CNBC | Bloomberg)

ALSO- Saudi Arabia is set to open new alcohol stores amid easing restrictions, according to sources cited by Reuters. Of the reported outlets, one will be open in a compound owned by oil giant Aramco in Dhahran, serving non-Muslim foreign staff. (Reuters)

☀️ TOMORROW’S WEATHER- We’re in for another cool day in the capital tomorrow, with temperatures reaching a high of 24°C and a low of 16°C, according to our favorite weather app.

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FOR YOUR COMMUTE

Egyptians embrace digital-first, health-focused food shopping -PwC

🛒 Egyptian consumers are rewriting the rules of food shopping, demonstrating an approach that balances economic realities with health priorities and digital convenience, according to findings from PwC’s 2025 Voice of the Consumer report, shared with EnterpriseAM. Based on responses from Egyptian consumers, the report reveals a market transformation, where food is no longer merely sustenance, but an expression of personal identity and aspiration.

Digital delivery surges past global norms: Egypt’s embrace of digital shopping platforms has dramatically outpaced international trends. Nearly half of Egyptian consumers now use on-demand delivery platforms, compared to just 28% globally. More striking still, 23% order weekly — almost double the 12% global average.

Health takes center stage: Over 40% of the survey respondents use health apps or wearables to track their diet and exercise. Perhaps more notably, half of Egyptian consumers now use AI-driven personalized diet and fitness plans. “What we’re seeing in Egypt is a digitally empowered consumer base that is increasingly intentional about health and identity,” said Maged Ezzeldeen, country senior partner and deals leader at PwC Egypt. “For food businesses, the challenge and advantage lies in adapting to this shift by offering products and experiences that align with the evolving needs and values of today’s consumer.”

While national pride runs strong — with 35% regularly buying local products to support domestic producers and the national economy — price sensitivity remains paramount. Some 53% of consumers choose cheaper imported alternatives when price gaps are significant. The challenge for local producers is clear: concerns about poor quality (31%), limited variety (15%), and inadequate nutritional labeling (13%) are holding back greater market penetration. “Egypt’s food landscape is evolving as consumers prioritize personal health, culture identity, and digital convenience,” noted Maye Ayoub, deals partner at PwC Middle East. “The industry’s role is no longer to lead, but to listen closely and respond with relevance.” Higher import costs stemming from the devaluation have created an opening for domestic brands, but only if they can address quality and transparency concerns while remaining competitive on price.

Smart shopping in tough times: With 48% of consumers citing cost of living as a top-three threat, Egyptians have increasingly adopted cost-management strategies. More than half shop at different retailers to find the best offers, almost half buy in bulk, and 44% use up ingredients before restocking. But price isn’t everything. Brand loyalty in Egypt is driven more by consistent value than promotions — only 3% would switch brands for markdowns, compared to 10% globally. Consumers also weigh nutrition, taste, and brand trust alongside affordability.

Environmental consciousness is high, with 74% of those surveyed concerned about climate change. Egyptian consumers already engage in sustainable behaviors at rates exceeding global averages — 48% actively reduce food waste, 50% eat seasonally, and 42% avoid environmentally harmful products. Critically, 52% are willing to pay more for sustainable food — higher than the 44% global average — provided sustainability efforts are visible and meaningful. Key purchase drivers include no-pesticide production, local sourcing, and eco-friendly packaging.

For retailers and brands, the message is clear: Success in Egypt’s evolving market requires a multi-dimensional approach that delivers nutritious products at competitive prices, while embracing local cultural values and digital convenience. PwC’s report identifies several white-space openings, including functional health foods with clear labeling, AI-integrated health offerings that connect with wearables and apps, and high-quality local alternatives with transparent nutritional information.

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EAT THIS TONIGHT

Contemporary Mediterranean — perfectly placed, perfectly seasoned

🍽️ What makes a memorable restaurant experience? Arguably good food, but sometimes more importantly a good view. That’s exactly what you’re in for with Garden City’s E Noci Bistro — right by the Nile waterfront, the contemporary Mediterranean-Italian fusion place offers a packed selection of breakfast dishes, lunch/dinner specials, and a classic dessert menu. With bold and playful branding, E Noci is a fresh switch-up from conventional, classy Nile-side dining.

E Noci’s menu doesn’t shy away from flour-based indulgences. Their kitchen turns out everything from croissants, bagels, even feteer meshaltet, to sandwiches, burgers, pasta, and pizza. They even have the trendy drinks covered, with a full lineup of matcha, coffee, and boba assortments. We went for an early dinner at the Nile view eatery, right before sunset, to maximize on the stunning view and a delightful atmosphere.

To start things off right, we went for a burrata salad, a non-negotiable for any true Mediterranean experience. We chose it over their many fried appetizers for a lighter starter… but it ended up being a little too light. We can’t say the burrata itself wasn’t perfect — it was quintessentially creamy and delicious — but the fresh arugula portion was surprisingly scant, scattered lightly alongside a handful of sliced cherry tomatoes. Our verdict: maybe opt for a different salad unless you’re dying for some good burrata, a craving we fully respect and understand. If you’re looking for a filling, greens-focused dinner, their salads might not hit the mark.

After plenty of back-and-forth with the extensive menu, we picked out the lasagna and the chicken truffle. Served hot and fresh in a bowl, the lasagna promised rich, juicy layers of cheesy goodness. It definitely delivered on that end, but you might want to keep the salt shaker handy. The chicken truffle felt like home in a dish. The tender, rolled chicken breasts came stuffed with mozzarella and set in thick truffle sauce and fresh mushrooms with a side of rice, making for a deliciously packed bite. The dish wasn’t overdone in flavor or presentation, which made it all the more delightful and tempting.

All-day dining is E Noci’s forte, with their breakfast/brunch menu seeming to be the most popular. We would certainly go back to try it out for a morning Nile rendezvous, with upcoming cooler weather hopefully on our side. Their pizzas also seem to be a standout, and they’re high on our list for a much-anticipated second visit to the worthy Mediterranean spot.

WHERE TO FIND IT- You can find E Noci Bistro at Garden City. You can also order through Talabat.

4

Sports

The Champions League returns

Have you missed the Champions League anthem? Those magical European nights are back on our screens tonight as the fifth round of the league phase kicks off in club football’s ultimate competitions, running through tomorrow with nine matches each day.

On everyone’s watch list is Chelsea and Barcelona’s meeting at Stamford Bridge at 10pm. The two giants have identical records in the tournament so far — two victories, one draw, and one defeat — and sit in 11th and 12th place respectively with seven points each, with Barça holding the edge on goal difference.

Manchester City will be welcoming Bayer Leverkusen at Etihad Stadium, also at 10pm. The Citizens sit fourth behind three teams with perfect records — Bayern Munich, Arsenal, and Inter Milan — with 10 points from three victories and a draw. Leverkusen have struggled with inconsistent results, sliding into the bottom half of the table with just five points.

Other matches to flip through today:

  • Ajax Amsterdam vs. Benfica (7:45pm);
  • Galatasaray vs. Union Saint-Gilloise (7:45pm);
  • Borussia Dortmund vs. Villarreal (10pm);
  • Napoli vs. Qarabağ (10pm);
  • Bodø/Glimt vs. Juventus (10pm);
  • Marseille vs. Newcastle (10pm);
  • Slavia Prague vs. Athletic Bilbao (10pm).


Qualifying matches for the 2025 Arab Cup are kicking off today and will continue into tomorrow with seven matches, each sending one team through to the finals, hosted by Qatar from December 1–18.

Tournament and qualifying format: The Arab Cup’s first round will feature four groups of four teams — 16 nations in total. The top nine ranked teams — Morocco, Egypt, Algeria, Tunisia, Iraq, Qatar, Saudi Arabia, Jordan, and the UAE — qualified automatically. Fourteen additional nations will enter knockout round playoffs to determine the remaining group stage spots.

Today’s matches:

  • Mauritania vs. Kuwait (3pm) — the victor will join Group C with Egypt, Jordan, and the UAE
  • Palestine vs. Libya (6pm) — the victor will join Group A with Qatar and Tunisia
  • Syria vs. South Sudan (6pm) — the victor will also join Group A with Qatar and Tunisia


Today in the Egyptian Premier League: The Air Defense Stadium will be hosting Pyramids and Al Mokawloon Al Arab for the 14th round of the Nile League at 5pm. The Sky Blues currently sit in fourth place on the leaderboard with 20 points, nine behind leaders Ceramica Cleopatra, though the latter has four extra matches under their belt. Meanwhile, Al Mokawloon languish in 18th place, escaping the relegation zone on goal difference.

This publication is proudly sponsored by

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OUT AND ABOUT

Brian McKnight at the GEM

MARK YOUR CALENDAR-

🎤 American singer Brian McKnight is bringing live R&B to the Grand Egyptian Museum on Friday, 12 December, promising an unforgettable night of soulful music against the background of Egypt’s great history — tickets are available on Tazkarti.

HAPPENING THIS WEEK-

Comedy hits differently at CJC 610 — WKND Comedy is back tonight. Opening the night is Mahmoud El Najjar followed by a laughing session with Hamza Bahaa, Kamatcho, and Amon Osman. You can grab your tickets through Cairo Jazz Club’s website.

Boom Room is bringing Levantine magic to the stage with singer Tariq Alfaqeh tonight. Don’t miss this night of enchanting live music — tickets are available on Ticketsmarché.

The Pyramids Echo Festival is honoring the late Egyptian composer Ammar El Sherei tonight, presented by the Royal Philharmonic Concert Orchestra, featuring the music of composer Hesham Nazih with guests of honor Reham Abdelhakim and Amira Selim. Join for a cinematic night of orchestral music at the Pyramids Panorama Theater and get your tickets on Tazkarti.

Maadi’s Saad Studio is hosting a Posters for Palestine program with visual artist Maram Alrefaei. The design workshop ’s online round is currently underway on Tuesday, 25 November, and Wednesday, 26 November. This is your chance to show your creativity and your solidarity with the cause. Book your spot through a form posted in their Instagram bio.

Soulful vibes are taking over CJC 610 with live performances from Massar Egbari and Nouran Abu Taleb this Wednesday, 26 November. Jam out to the band’s iconic hits and Nouran’s amazing voice. Tickets are available on Cairo Jazz Club’s official website.

HAPPENING LATER-

In need of some enlightenment? Renowned author and speaker Dr. Khaled Ghattass is setting foot at Theatro Arkan for his talk, Between The Strange and The Prevailing on Friday, 5 December. Don’t miss this chance to delve into the science behind human behavior, society, decision-making, and relationships. Tickets are selling out fast — you can get yours now on Ticketsmarché.

Up for some psychological drama? Kenoma Theater is bringing back One Flew Over the Cuckoo’s Nest with an Egyptian adaptation and stage production titled El Moristan. The play ’s main cast — featuring screen icon Yosra El Lozy — will be performing six showings between Sunday, 7 December and Monday, 15 December at AUC’s Falaki Mainstage Theater, with the alternate cast taking over twice. The play tackles mature themes including depictions of violence, blood, and suicide, and is recommended for ages 16+. Tickets are available on Ticketsmarché.

Attention Cairo runners: Registration is now open for Cairo Marathon 2026, happening on 6 February, 2026. Claim your spot through Cairo Runners’ website — tickets available until 30 January, 2026.

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GO WITH THE FLOW

What the markets are doing on 25 November 2025

The EGX30 rose 0.5% at today’s close on turnover of EGP 7.6 bn (53.9% above the 90-day average). Local investors were the sole net buyers. The index is up 34.2% YTD.

In the green: Qalaa Holdings (+12.8%), Orascom Development (+3.6%), and CIB (+3.2%).

In the red: Telecom Egypt (-3.5%), Raya Holding (-2.9%), and Juhayna (-2.8%).

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Founder of the Week

Meet our founder of the week: Byte+’s Yassin Asfour

🏥 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 Yassin Asfour (LinkedIn), co-founder and CEO of Byte+.

My name is Yassin Asfour, and I’m the co-founder and CEO of Byte+, a healthtech company that aims to democratize preventative healthcare by delivering tailored, data-driven health programs to organizations, empowering their employees to achieve healthier lifestyles through engaging, gamified experiences.

More than 80% of deaths in Egypt are caused by preventative chronic illnesses — diabetes, hypertension, heart disease. White-collar workers face a larger risk of death due to a sedentary lifestyle. We provide our services to these employees through companies, detecting important biomarkers, decoding them through a clinical team, and transforming people through highly personalized plans. We bring the lab to their doorstep, running blood tests and body composition scans, integrating wearables to monitor heart rate, sleep, and movement, and give our clinical team — made up of medical doctors, nutritionists, and physiotherapists — access to this data to create personalized meal plans, supplement protocols, and exercise routines tailored for each person. Best of all, it’s gamified, so employees get to compete to achieve their goals — exercise, calories, recovery, and sleep.

Healthcare in general is a reactive practice. What we’re trying to do with Byte+ is turn it into a proactive one — we shouldn’t be waiting until we get sick to improve our health. Our service does the screenings to catch problems before they arise. We collect several data points through our wearables, like heart rate during the day and heart rate during sleep. With one employee, we realized that his sleep heart rate was unusually high, and referred him to a cardiologist — turns out he has a heart problem. If the condition had gone undetected for another few years, he could have had a heart attack.

On the contrary, traditional health insurance waits for you to get ill, and then offers treatment. This costs the government a lot. It costs companies who pay for healthcare a lot. And of course, it costs individuals and their families a lot. That’s the case for preventative healthcare — we start early instead of waiting for the problem to occur.

I didn’t figure out what I needed to do to enter the market — it was pure coincidence. While working in fashion retail at the family business, we were trying to introduce incentives beyond pay to attract good talent, so we introduced a wellness program to take care of people physically and mentally. We told 30 people to download apps to track their steps, calories, and sleep quality, and they’d report it on a Google Sheet. It was very primitive at first, but the engagement levels were amazing. Within one hour of opening a second cohort, all 30 spaces were filled. People volunteered. 60 became 90, and 90 became 120. When we found that people were happy with it and we saw real improvements, we started thinking about offering it to other companies. The hook was gamification — have people enjoy the first step, and the science followed.

We don’t have traditional competition locally — but that’s not a good thing. Competition confirms market existence. While we do have regional competition, we’re defining a new category in Egypt based on a firm belief that the future of health is preventative, and that healthcare professionals will need patient data in real-time to proactively assist patients. We’re trying to build a tech stack for patients and a health platform for doctors to manage people’s lives. If we can build something good for these doctors — which we have — we believe we can offer it to healthcare professionals in the market.

I knew we were successful when body composition scans came out from the very first batch, and the majority of participants improved muscle mass, lost visceral fat — which is highly correlated with chronic disease — or both, as well as showing improvements in sleep scores. People’s step counts improved by more than 50%. When people started accusing each other of cheating — tying their watches to fans to count steps, or giving their children their wearables to track higher activity — we knew that engagement was good. But on a personal level, I felt successful when an employee told me they prayed for me because of the impact we had not just on them but on their family. That was deeply touching, and made me feel like we were doing something bigger than we imagined.

In five years, I see us as a primary layer between healthcare and patients. We will become an essential component of data and insight transfer between medical teams and patients. Or individuals in society, not just patients, because the whole point is to optimize people’s health and prevent disease. This will be achieved when we’re able to perfect our ability to provide clear value to end users — whether patients or athletes — and to healthcare professionals in managing their clients. We’re using AI to synthesize information into insights so doctors don’t have to spend an enormous amount of time reading thousands of reports.

There are things I’d be keen to change about the healthcare industry: First, shift the emphasis away from fast profit. The health industry is very profit-driven—hospitals, pharmaceuticals. There has to be incentive alignment between the health sector and individuals, which doesn't exist today.

Second, change the system from reactive to proactive. For example, Egypt has some of the highest diabetes levels in the world, even in young children. If we could find affordable continuous glucose monitors and give them to people with diabetes, prediabetes, or potential risk, doctors could see the spikes and advise on how to eat, sleep, and move before it becomes a real problem. This device might cost a few thousand pounds, but if you're diabetic, imagine what you'll pay to treat complications — or worse, the impact on your family if you suffer or die.

Third, address the bureaucracy of data flow. We're working with very sensitive data, and privacy and sensitivity protocols are essential, but if regulatory authorities make it too complicated, it becomes difficult for any player in the market to innovate. You have to build infrastructure that protects data while enabling progress.

The technical challenges — how to collect, structure, simplify, and synthesize data so the end user can understand it — are all manageable. The hardest part of my job is that I have ADHD. Especially nowadays, managing hyper-distractions is such an immense battle. I try to look with clarity at where I want to be in five years and try to solve problems amid all the distractions. It's a very tough battle to manage. I'm very thankful for my team — the fact that they're able to manage this madness and redirect me without demoralizing me is wonderful. I'm very grateful to them.

I have my wife to thank for helping me balance home and business, because I’m not entirely sure I’m doing it at all. When you’re building a business, you’re constantly compromising bits of every dimension. I do try to dedicate my mornings to spending time with my wife and son, but if I’m successful at that, it’s my wife that’s to thank, not me.

The last book I read was The Comfort Crisis by Michael Easter. It argues that modern life has systematically removed all forms of struggle — physical, mental, and environmental — leaving us weaker, more stressed, and increasingly prone to lifestyle-related diseases. Problem-solving has been reduced by navigation apps and AI. Our current life is designed to make everything immediately available and accessible at the touch of a button — no movement required.

Our ancestors moved 14 times the amount we move today. You lose your brain’s neuro-plasticity when you’re not exercising mentally and physically. This is very important to me because we're on a mission to reverse these health issues. We're trying to help people and companies move, sleep better, and rewire their brains. The key here is shifting from instant gratification to delayed gratification. This is how our ancestors lived — they didn't have everything they wanted immediately, they had to wait and work very hard to get it.

If I weren't the brain behind Byte+, I would definitely be supporting my family — whether through my mother's or father's side of the business. I've always felt a moral duty toward them. If not that, I'd be on an island, eating farm-to-table food, producing music, and designing furniture — rising with the sun and resting at sunset. But I'll leave that dream for heaven.

If I could tell my younger self one thing when it comes to setting up this business, it would be: Start early. Fail fast. And knock on as many doors as you can — you'd be surprised by the amount of good behind any of these doors, and it could be one you don’t expect to open. I knocked on a door which I thought was completely locked, and it turned out to be one of the biggest surprises and blessings.

If I could give young entrepreneurs a piece of advice, it would be gritty. Be very gritty. Entrepreneurship is one of the toughest mental games you can ever play. It requires resilience and unwavering faith in your cause. Grit is a combination of perseverance and long-term passion — it has to be something you're very confident in and will work hard to reach. Second, be very, very quick, not because of competition, but so you can learn fast. You can learn something everyday, and most entrepreneurs I've met always say we could have learned faster, we could have taken these steps faster. And third, be super humble, because sometimes you think you've made it, and find out quickly that there's still a lot to learn. But with this humility, don't lose your confidence. I love saying it because I need to hear it more than anyone.


🗓️ NOVEMBER

7-26 November (Friday-Wednesday): Posters for Palestine at Saad the Studio, Maadi.

6-29 November (Thursday-Saturday): Comedy Gang Festival at Theatro Gallery.

11 November - 6 December (Tuesday-Saturday): Forever is Now at the Great Pyramids of Giza.

21-29 November (Friday-Saturday): Cairo Design Week.

24-30 November (Monday-Sunday): Pyramids Echo Festival at the Pyramids Panorama Theater.

25 November (Tuesday): Tariq Alfaqeh at Boom Room.

25 November (Tuesday): WKND Comedy at CJC 610.

25 November (Tuesday): Ammar El Sherei and Hesham Nazih tribute at the Pyramids Panorama Theater.

25 November (Tuesday): ICSB Global Congress at the American University in Cairo.

26 November (Wednesday): Massar Egbari and Nouran Abu Taleb at CJC 610.

28 November (Friday): Gala for Egyptian Stars at the Pyramids Panorama Theater.

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

DECEMBER

1 December (Monday): Angham at the Pyramids.

4 December (Thursday): Hauser at The Grand Egyptian Museum.

5 December (Friday): Between the Strange and the Prevailing by Dr. Khaled Ghattass at Theatro Arkan.

5 December (Friday): Tul8te at El Malahy Arena.

7-15 December (Sunday-Monday): El Moristan at AUC Falaki Mainstage Theater.

12 December (Friday): Brian McKnight at The Grand Egyptian Museum.

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).

APRIL

13 April (Monday): Sham El Nessim.

25 April (Saturday): Sinai Liberation Day.

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