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Hot air

1

WHAT WE’RE TRACKING TONIGHT

Madbouly government eyes January electricity price hike as inflation outlook improves

Good afternoon, folks, and happy December. With T-31 days until the new year, it seems the world is winding down to gear up for 2026. The news cycle has been slow thus far, but we’re not ready to let our guards down yet.

THE BIG STORY TODAY-

📍 The Madbouly government is preparing to introduce new electricity price hikes starting January, as the Electricity Ministry reviews updated pricing scenarios for the bills issued this month, a senior government official told EnterpriseAM.

The proposed price hikes are expected to range between 15-25%, depending on consumption brackets, in an effort to close the gap between production costs and its end price, our source told us.

Since August last year, electricity price hikes have been put on hold, with the government prioritising lower inflation and subsequent rate cuts over cutting down its energy subsidy bill.

But with the outlook on inflation more positive, the government is returning to its plan to bring down its energy bill, our source told us. After October’s fuel price hike, it’s now electricity’s turn — and not coincidentally coming shortly after the wrapping of the ongoing IMF mission’s visit to the country, which policymakers hope will lead to the final sign-off on our combined fifth and sixth reviews.

THE BIG STORY ABROAD-

🌐 It’s another calm afternoon in the global press, with no single story getting top billing. Among the stories getting plenty of ink:

It seems investors have lost their appetite following their Thanksgiving dinners, with US indices, as well as tech stocks, including those of Nvidia, slumping in pre-market trading today. S&P 500 futures are down 0.7%, while the Nasdaq 100 has dipped 0.9% as of the time of publication. Stocks and bond prices have also retreated in Japan, with the Nikkei index falling 1.9% today amid expectations of an interest rate hike later this month.

BTC, however, saw the steepest decline, trading at 86.0k at the time of publication, a 5% drop from late-Sunday levels. The decline reflects the recent volatility in global markets, perhaps most prominently caused by rising fears of a soon-to-burst AI bubble. (Wall Street Journal | Bloomberg | Associated Press)

OVER IN THE US- Luigi Mangione — the man accused of killing UnitedHealthcare CEO Brian Thompson — is set to appear in a Manhattan state court later today. This will be the first in a series of proceedings where the legality of the evidence gathered against him upon his arrest will be assessed. Mangione has pleaded not guilty to the charges issued against him, and his appearance in court comes months after two terrorism charges against him were dismissed. Mangione still faces several charges, including second-degree murder, and is expected to face trial next year. (ABC | Guardian | Reuters)

ELSEWHERE IN THE WORLD- Over 1k people have been reported dead following flooding and landslides across South and Southeast Asia, including in Indonesia, Thailand, Malaysia, and Sri Lanka. At least 502 have been killed in Indonesia, 355 in Sri Lanka, 176 in Thailand, and two in Malaysia, with mns displaced. The reported death toll is expected to rise as rescue missions continue. (Guardian | CNN | BBC)

☀️ TOMORROW’S WEATHER- We’re in for a cool, sunny day in the capital tomorrow, with the mercury set to peak at just 25°C before cooling down to 15°C, according to our favorite weather app.

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FOR YOUR COMMUTE

The iPhone Air, 73 days later

🍎 Light as air: In the months leading up to the officialannouncement of the 2025 iPhone line-up, the iPhone Air — then presumably the iPhone 17 Air — was hailed by many a review site, tech zines, and Apple fanatics as the multi-tn USD tech company’s next big flagship product. After all, it would be Apple’s thinnest device to date, and one that allegedly packed pro-level power. But the iPhone Air’s release, while initially received with excitement, was soon met with indifference, skepticism, and now… disregard?

Boasting a shockingly slim 5.6mm figure, the iPhone Air is undeniably one of Apple’s most brilliant engineering feats. The slimmest iPhone to date — beating the iPhone 6’s long-standing record of 6.9mm — the Air has nailed the aesthetics, but what of performance?

The key trade-offs: To achieve its slim figure, Apple notably forwent a series of key features that have become synonymous with its pro-level phones (which the Air claimed to be). The Air misses out on the ultra wide and telephoto lenses, its counterparts’ increased battery size, a sim tray, and the newly-introduced vapor chamber you can find in the rest of the pro line-up, which dissipates heat and prevents the phones from overheating.

Minor trade-offs for the average Apple consumer, yes, but ones not to be ignored considering its USD 999 price tag. For USD 1k, should you truly risk diminished battery life and the loss of photo quality when the baseline 17 — at USD 799 — offers both? The logical answer would be no, but walk with us.

The Air still packs quite the punch, with a 120-hz 6.5-inch OLED display, the brand new A19 Pro Chip, a 48MP fusion camera with 2x optical zoom, and the all-new 24MP center stage front camera. Its titanium frame and ceramic shield front also make it surprisingly durable, shutting down concerns of a flimsy build.

Markets, however, remained unconvinced — so much so that the next generation of Air might not see the light of day. Only one in 10 buyers in the US went for the Air within the first week of the line-up’s release, according to a consumer survey cited by the Wall Street Journal. Within weeks following launch, Apple slashed production plans in half, The Financial Times reports. “A marketing W, a sales flop,” The Wall Street Journa l reported, and the numbers add up: the Air boosted Apple website views to 7.4 mn, up 28% y-o-y, but sales stagnated. In a nutshell, there’s “virtually no demand” for the Air, PC Mag reports.

That sentiment has reached home as well. “Apple had big plans, but the Air lacked the value for money,” Senior Director of Merchandising at BTECH Hisham El Hennawy told EnterpriseAM. In some markets, the Air represented only 7-8% of all 2025 iPhone sales, El Hennawy added. Many returns were also made, with initial Air buyers deciding to upgrade to the Pro models. “If you compare it to the rest of the line-up, it offers the least value for money. I think people were able to read that very quickly,” El Hennawy added. Production plans were amended, with more focus going to Apple’s “bread and butter” — the usual line-up — and less on the Air, El Hennawy explained.

Yet is the Air misjudged? We’d say yes. Throughout one week of continuous use as our main device, we’ve had virtually zero qualms. The Air proved capable of every single task we threw its way — heavy gaming, hour-long doomscrolling sessions, and the usual day-to-day tasks. The battery life — initially left blank on Apple’s website but now reading 27 hours of video playback — was surprisingly solid. The phone lasts a full day on a single charge with light usage (i.e. texting, social media, and basic professional tasks), and would need to be charged mid-day in case of heavy usage (i.e. streaming, gaming, or other heavy-processing tasks). In terms of performance and battery life, the Air passed the tests with flying colors, not once freezing or lagging, despite there being scores of apps and tasks running in the background.

Let’s talk cameras — or lack thereof. The Air’s single 48MP fusion lens is, for lack of a better word, a marvel. Images are high-resolution, and night mode works wonders. The absence of a telephoto lens — which offers up to 8x optical zoom on the Pros — is made up for with a built-in 2x optical zoom feature, which for most (including us) proved just enough. And we didn’t notice the absence of the ultrawide 0.5x lens. However, if you’ve grown accustomed to the macro-photography feature, you might find the camera system lacking.

The Air also comes packed with the shiny new center stage selfie setting, which allows you to take wide, horizontal selfies without holding the phone horizontally — a feature that we gladly made use of, with grateful wrists.

Contrary to popular belief, the Air’s slim figure doesn’t solely carry aesthetic appeal — but a functional one as well. The phone’s light weight lends it an ability to feel non-existent in every way that matters. Unlike handling a Pro (or a Pro Max) phone, which come at respective weights of 204 and 231 grams, the Air’s 165 gram weight eases handheld fatigue, making scrolling for those among us inclined towards pre-sleep phone sessions a literally lighter experience. Which is to say, you won’t need to worry about the Air falling smack on your face.

All said and done, a question remains unanswered: Who’s the iPhone Air actually for? “The buyers are business people and executives who appreciate the sleek design and the light weight of the device, without the need of the extended camera capabilities,” Tradeline co-founder and managing partner Mohamed Medhat told us. In fact, Medhat offers an interesting take, noting that while the Air indeed has failed to reach the sales performance level of its counterparts, “its run rates are still as good as expected.”

But it’s not just a phone for the aesthetically-inclined. The iPhone Air proves a worthy upgrade for users who’ve long held on to their since-discontinued devices; namely iPhones 11, 12, 13, and 14 and their respective variants. It’s a powerful phone with an impressive display, a camera more than well-suited for day-to-day needs, and a durable device. If we’re talking numbers, the baseline 17 is the more reasonable choice, but if you’re on the hunt for a bigger screen, a one-of-a-kind design, and a phone you can depend on — and don’t mind spending an extra USD 100 on — we’d argue the Air is a worthy contender.

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Ears to the Ground

Cracking open The Box of Oddities

👂 Every week, hosts Katrina Walls and Jethro Gilligan Toth sit down and surprise each other with stories of the strange, the odd, and the macabre. A surprising tale or bizarre conspiracy awaits you in The Box of Oddities, taking you along into a world of mysterious encounters and unnatural occurrences. From the paranormal to crime to cultural practices, the podcast covers everything strange in our world — and judging by the podcast’s 1k+ episodes since launching in 2018, there’s plenty of all that to explore.

In these sub-hour episodes, you can expect engrossing storylines, interesting facts, deep dives, theories, insightful references, and occasional sitdowns with exciting guests. Despite describing eerie and unsettling topics, the hosts keep it light, cracking jokes and keeping it casual but nonetheless riveting. The podcast will wow you with its range of topics, spotlighting historical accounts and deep cuts of forgotten oddities from around the world.

Ever heard of zombie deer? This phenomenon is explored in a Halloween-special episode. The host dives into chronic wasting disease, originally witnessed in the forests of North America and later in Scandinavia and South Korea. The infectious wildlife malady, dubbed by the hosts as not just a forest plague but a “forever plague,” eats away at the brains of deer, leaving them “vacant-eyed” and zombie-like. The prion disease has no cure, and can survive for decades in plants, water, and dust. Not scary enough for you? There’s a theoretical risk that the disease can make its way to humans.

An ancient conspiracy fanatic? A horror junkie? A science buff? Into mysticism? The Box of Oddities has you covered, and then some. There’s also no shortage of content about paranormal phenomena, cannibalism, vampirism, bizarre medical conditions, and things you never even knew existed. Space, aliens, time travel, and strange scientific discoveries also get their fair share of spotlight on this podcast. The hosts also get into the psychology of mystery and our long-documented itch to uncover the hidden and the unknown.

If you’re inclined to learn about the dark and mysterious corners of our world, The Box of Oddities will more than impress you.

WHERE TO LISTEN- You can tune into The Box of Oddities on Apple Podcasts | Spotify | iHeart | Amazon Podcasts | Podbay | Castbox.

This publication is proudly sponsored by

4

Sports

The 2025 Arab Cup kicks off

The 11th edition of the Arab Cup kicks off today — the second under the auspices of FIFA, alongside the 2021 season. Previously, the Arab Football Federation was responsible for organizing the tournaments, and the championship was not under FIFA’s umbrella. The competitions will be in full throttle through 18 December, with 16 nations participating — six from Africa and 10 from Asia. Qatar is hosting the Cup for the third time, making it the tournament’s most frequent host nation.

From the history books: The Arab Cup first launched in 1963 in Lebanon, and has seen Iraq lift the trophy four times, followed by Saudi Arabia twice, and once each for Egypt, Tunisia, Morocco, and Algeria. Three editions were held in the 1960s before a hiatus took effect until the mid 80s, with five more editions being played through the early noughties.

The tournament’s opening match sees Tunisia face Syria in Group A at 3pm, with the opening ceremony unconventionally taking place shortly after, at 4:30pm. The ceremony will be followed by a second match from the same group, with hosts Qatar locking horns with Palestine at 5:45pm.

Our participating nations:

  • Group A:
  • Qatar
  • Palestine
  • Syria
  • Tunisia
  • Group B:
  • Saudi Arabia
  • Morocco
  • Oman
  • Comoros
  • Group C:
  • Egypt
  • UAE
  • Kuwait
  • Jordan
  • Group D:
  • Iraq
  • Algeria
  • Bahrain
  • Sudan

Our homegrown B team will be competing under the tutelage of Helmy Toulan due to scheduling conflicts with Afcon, which will kick off on 21 December. Our primary team will compete with Hossam Hassan at the helm.


In round of 32 of the Egypt Cup:

  • Haras El Hodoud vs. Ismaily (5pm);
  • Tala’ea El Gaish vs. El Sekka Al Hadid (7:30pm).
5

OUT AND ABOUT

Tamer Ashour and Amal Maher take over the Fustat Winter Festival

MARK YOUR CALENDAR-

❄️ Tamer Ashour and Amal Maher are stealing the show at Fustat Winter Festival on Friday, 5 December. Don’t miss out on this magical winter evening of powerful vocals and breathtaking arrangements at Fustat Park. You can get your tickets on Tazkarti.

HAPPENING THIS WEEK-

Star singer Angham is lighting it up at the Pyramids tonight for an unforgettable show. 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.

The Grand Egyptian Museum opening celebrations aren’t over yet — world-renowned cellist Hauser is coming to Egypt for the first time for a live performance on Thursday, 4 December. Don’t miss out on this special night of masterful cello playing. You can get your tickets on Tazkarti.

With Christmas around the corner, Campus Crusade is bringing AL MILAD Christmas Musical to Kasr El Nile Theater from Thursday, 4 December to Sunday, 7 December. The special production reimagines the birth story of Jesus through powerful live vocals and a theatrical narrative, promising a reconnection with the heart of Christmas. Tickets are available on Ticketsmarché.

HAPPENING LATER-

Christmas bazaar season is here: Walk of Cairo is kicking off their Xmas Market this Friday, 5 December and running until Wednesday, January 10. Embrace the holiday’s festivities and enjoy the vibrant market at Walk of Cairo in Sheikh Zayed.

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.

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.

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GO WITH THE FLOW

What the markets are doing on 1 December 2025

The EGX30 fell 0.2% at today’s close on turnover of EGP 7.7 bn (52.7% above the 90-day average). International investors were the sole net sellers. The index is up 36.8% YTD.

In the green: Qalaa Holdings (+10.6%), ADIB (+4.4%), and Beltone Holding (+2.8%).

In the red: Telecom Egypt (-2.1%), GB Corp (-1.6%), and Palm Hills Developments (-1.6%).


🗓️ NOVEMBER

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

DECEMBER

1 December (Monday): Angham at the Pyramids.

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

4-7 December (Thursday-Sunday): AL MILAD Christmas Musical at Kasr El Nile Theater.

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

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

5 December (Friday): Tamer Ashour X Amal Maher at Fustat Park.

5 December (Friday): Walk of Cairo Xmas Market in Sheikh Zayed.

5-6 December (Friday-Thursday): Shababco the Festival at Tanza, 6th October City.

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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