Good afternoon, friends, and congratulations on making it to the long weekend. First up, we’re tracing how the Bauhaus movement ditched European frills to give Egypt a new visual identity, and how said identity manifested. We also dive into The Age of Outrage by Karthik Ramanna — a survival guide for leaders navigating… well, outrage. That and more.
**A QUICK PROGRAMMING NOTE- EnterprisePM won’t be landing in your inbox tomorrow — we’re taking the day off in observance of the Labor Day holiday. Enjoy the long weekend, and we’ll be back in your inboxes on Sunday afternoon.
Without further ado, the news…
THE BIG STORY TODAY-
📍 Egypt’s annual urban inflation rate eased to 14.9% in April, down from 15.2% in March, according to Capmas. The March spike was largely driven by the US-Israeli war with Iran, surging energy prices, and a weakening EGP. On a m-o-m basis, inflation slowed to 1.1% in April from 3.2% in March, signaling that price pressures are gradually cooling.
The National Telecom Regulatory Authority (NTRA) has greenlit a pricehike for telecom services, with select package rates set to climb between 9-15% — tax included. While your monthly subscription might see a bump, the cost of a standard voice minute (both landline and mobile), prepaid recharge cards, and e-wallet transaction fees will remain unchanged.
Why the hike? The price adjustments are driven by higher exchange rates and fuel hikes — notably the diesel used to operate mobile stations. Additionally, the sector is facing higher operational and labor costs, as well as increased investment requirements for the expansion and modernization of network infrastructure.
There’s good news: To support digital inclusion, the NTRA has directed the launch of a new, reduced-price home internet package at EGP 150, down from the current EGP 210 minimum, along with a new mobile package at EGP 5, down from EGP 13. The authority has also mandated no-cost access to all government and educational websites on both fixed and mobile networks, even after a user’s data quota has been exhausted.
^^ We’ll have more on both stories next week in EnterpriseAM.
Riyadh to Mumbai. Abu Dhabi to Singapore. Dubai to London. Cairo to Shenzhen.
The most important business stories in MENA aren’t happening inside MENA anymore — they’re happening at the edges, where regional capital meets global ambition.
EnterpriseAM MENA+ is our new flagship newsletter, built to cover the flows of capital, people, and ideas across the Middle East — and beyond it. AI, geopolitics, the war for talent, sovereign wealth strategy, the changing energy economy, and the new corridors reshaping global trade.
Tap or click here to get your own copy delivered to your inbox every Monday, Wednesday, and Friday at 12pm UAE | 11am KSA | 11am Egypt.
THE BIG STORY ABROAD-
🌐 Making headlines this afternoon are the latest developments in the US-Iran war as both Axios and Reuters report the two sides are closing in on a one-page, 14-point memorandum to end the war in the Gulf. Reports note this is the closest Washington and Tehran have been to an agreement since the start of the war. Oil prices plunged on expectations of an end to the war — Brent fell more than 8.2% to USD 98.4 / bbl and WTI lost over 10% to USD 89.8 / bbl at the time of publication.
^^Read more on: CNBC, CNN, Reuters, and the Financial Times.
Get Enterprise daily
The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.
** CATCH UP QUICK on the top stories from today’s EnterpriseAM:
- Egypt Education Platform is the latest education player to join the IPO waiting room, after filing a request for listing on the EGX. The private-sector vehicle is looking to list some 199.4 mn shares on the main market;
- The EGX has erased its March war shock. The benchmark surged 14.2% in April to 51.8k points, with local investors crowding into education, travel, and real estate names. Market cap jumped EGP 433 bn — or 13.4% — to EGP 3.67 tn, recovering March’s 7.9% drawdown with room to spare;
- Sales in Egypt’s automotive industry saw a steady increase in March, with the total market growing 3.2% m-o-m to 17.8k units. Growth was driven by consumers rushing to buy cars ahead of anticipated price hikes amid regional tensions.
☀️ TOMORROW’S WEATHER- We’re in for a warm but breezy start to the long weekend in Cairo, with the mercury set to peak at just 27°C with a low of 16°C, according to our favorite weather app.






