Get EnterpriseAM daily

Available in your choice of English or Arabic

How to scale back without derailing your career

1

WHAT WE’RE TRACKING TONIGHT

Oil Ministry plans to clear USD 500 mn in arrears by May

Good afternoon, ladies and gentlemen, and happy almost-weekend. The news cycle isn’t showing any signs of slowing down, and we’ve got the latest below. In today’s issue, we discuss how you can take a career breather, unearth a forgotten classic that asks: “what if men didn’t exist?” and more.

🌙 So, when do we eat? Maghrib prayers are at 6:01pm in the capital, and you’ll have until 4:42am tomorrow to hydrate and caffeinate ahead of fajr.

THE BIG STORY TODAY-

📍 The Oil Ministry is moving to clear USD 500 mn in arrears to international oil companies before the end of May, a government official tells EnterpriseAM. The ministry wants to prevent arrears from piling up again, signaling its intention to keep the investment cycle intact despite regional turbulence.

The move falls within a broader effort to shrink the outstanding backlog to some USD 1.2 bn by the end of June. If executed, that would bring total payments to roughly USD 5 bn — a number closely watched by operators who tie future drilling budgets to the government's ability to pay on time.

^^ We’ll have more on this story in tomorrow’s edition of EnterpriseAM.

THE BIG STORY ABROAD-

🌐 Amid surging crude prices triggered by the US-Israeli war with Iran, the International Energy Agency (IEA) proposed the largest release of oil reserves in its history — 400 mn barrels. The proposal came out of the IEA’s Tuesday emergency meeting, with the reserves set to be released over a period of two months. Responses from member countries are expected Wednesday, with officials saying a rejection by just one country could delay the release plan.

^^Read more on: Reuters and the Wall Street Journal.

** CATCH UP QUICK on the top stories from today’s EnterpriseAM:

  • Annual urban inflation surged to 13.4% in February, up from 11.9% in January. The reading, which preceded the full impact of the regional conflict, has prompted analysts to forecast a definitive pause of the Central Bank of Egypt’s monetary easing cycle;
  • The Transport Ministry has re-offered the right to operate and develop Berenice International Port after Kuwait’s Alghanim Group was withdrawn from the project last month;
  • The Madbouly government has activated a package of temporary preemptive and social measures. With this high-stakes intervention, the government hopes to lock down essential energy supplies, keep the economic engine running, and shield the domestic market.

☀️ TOMORROW’S WEATHER- We’re in for more of the same on the weather front in the capital tomorrow, with the mercury set to peak at 24°C, with a low of 14°C, according to our favorite weather app.

2

FOR YOUR COMMUTE

Your job can take a backseat — your career doesn’t have to

🤔 Less stress or more money? Some 60% of employees would choose the former, and 40% have already sacrificed a bigger paycheck for a better quality of life, according to a global survey(pdf) by Randstad. So, if you find yourself becoming less tolerant of work stress, you’re not alone. A new career trend is emerging — and it’s not about climbing up the corporate ladder, but about stepping down a rung, or even taking a few steps back.

Scaling back

A high-stress career can often feel like a high-stakes one — if you lose your footing for a second, you fall behind, making quitting feel like the end. As wellbeing becomes a priority for today’s workforce, many workers are choosing to scale back their careers instead of quitting entirely. And according to experts, the move is possible, and it doesn’t have to destroy your career.

The relentless work-life balance dilemma. Though we all strive to achieve that balance, our scales usually ultimately end up tipping towards work. Whether it’s to avoid unbearable stress and burnout, to spend time with family, or to enrich your life experiences, a curtailed work life is sometimes best in the long run — and the options for doing so are varied.

How can you lighten the load? If you enjoy your current job, but just wish it came with fewer responsibilities, you can simply reduce your duties. Try offloading some of them to other workers or, if you’re truly overworked, setting clearer boundaries with your manager on where your job begins and ends. Pinpoint the tasks you’d rather let go of, discuss with your boss, and rearrange your schedule accordingly. If scaling back looks like less commute hours for you, you can negotiate for more work-from-home days.

Transitioning

Make a small but meaningful transition: There’s always the option to shift into a less stressful position with fewer duties on your plate — albeit that most likely comes with a smaller paycheck. If you don’t mind the work, just the way it’s structured, consider downshifting to part-time or, even riskier, the freelancing/contracting route. Take advantage of your current network of colleagues and weigh the possibility of a different type of role. You can make the change by simply using your skills differently. Look for cross-departmental projects to which you can contribute or join employee resource groups for a wider range of chances.

Hit pause on the 9-5: An extended break or sabbatical (paid or unpaid) can be the right move if you’re looking to learn a new skill, finally pursue a master’s degree, or take that life-changing trip you’ve always dreamt about. It can also give you the chance to return with a fresh outlook on your current job — or to switch paths altogether.

With that said, the question remains: do you have the financial security to make such a move? First things first: take a close look at your expenses and spending habits. Will your money support your lifestyle during your planned time off? It’s important to make sure your cashflow can cover your bills. If scaling back hits your income hard, consider cutting back on unnecessary expenses and saving up well in advance.

More often than not, a career move like this can take up to a year to prepare for financially. Financial planner Juan Hernandez Ariano says that clients whom he has helped plan similar career moves have been willing to wait. In addition to planning ahead, accounting for any major upcoming expenses — such as your children’s college tuition or home repairs — is also crucial to consider, and make sure these expenses don’t coincide with your less lucrative sabbatical or extended work leave.

(** Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

3

Under the Lamplight

This oft-forgotten feminist classic asks: What if men didn’t exist?

💡 A feminist utopia: Published in 1915, Herland by American novelist Charlotte Perkins Gilman — author of acclaimed short story The Yellow Wallpaper — is an oft-forgotten classic that asks (and explores) quite the interesting question: What if women lived in a world in which men simply went extinct? Deemed a lost feminist utopia upon its rediscovery and republication in 1979, Gilman’s novel was the subject of much controversy from an author who did not mind it.

Van Jennings is a student of sociology, and he’s out to get answers. Jennings has heard rumors of a society populated entirely by women. For Jennings and his two friends, Terry and Jeff, this seems a preposterous concept — one that, if even possible, would mean these women are living in a state of destitution and uncivilization. After all, how could they survive without men? Choosing to entertain the rumors, the trio takes a trip through uncharted territory, only to be faced with an impossible reality.

“Why, this is a civilized country! There must be men.” Upon their arrival, they encounter three young women and follow them to a village, one that they find impeccably well-kept and technologically advanced, so much so that they are shocked such civilization was built without the aid of men. As it turns out, women in Herland miraculously evolved to reproduce via parthenogenesis after the death of their society’s men several centuries prior.

Without men and patriarchal systems, they didn’t just survive… they thrived. The trio’s arrival, however, threatens to disrupt all that the women have built. As the novel progresses, Gilman dissects social norms, gender expectations, motherhood, sisterhood, and just what role men actually have to play in society — if any.

Herland is a masterpiece that was incredibly ahead of its time. Gilman explores a slew of social taboos that were largely unthinkable to discuss in the early 20th century, inviting readers to question the relationship between men and women, and offering a compelling page-turner written from the perspective of a man who has come to realize his own inferiority. If you’re looking for a quick read that will entertain you, educate you, and maybe challenge your beliefs, you need not look further.

WHERE TO READ IT- Herland is in the public domain, and you can find the ebook on Project Gutenberg. You can also listen to the audiobook on Storytel.

This publication is proudly sponsored by

4

Sports

Zamalek, Real Madrid, and Manchester City take the field tonight

In the Nile League: Zamalek, currently sitting at the top of the scoreboard with 43 points, faces Enppi tonight in Matchweek 15 of the Egyptian Premier League. The White Knights are hungry for a W to widen the gap between them and second-placed Pyramids, who recently pulled level on points following a 1-0 victory over Al Bank Al Ahly. Kick-off is at 9:30pm on ON Sport 1.

ALSO- ZED and Modern Sport go head-to-head at 9:30pm on ON Sport 2.


In the Champions League, the Round of 16 first-leg action continues with four fixtures:

  • Bayer Leverkusen vs. Arsenal — 7:45pm, beIN Sports 2;
  • PSG vs. Chelsea — 10pm, beIN Sports 1;
  • Real Madrid vs. Manchester City — 10pm, beIN Sports 2;
  • Bodø/Glimt vs. Sporting Lisbon — 10pm, beIN Sports 3.
5

Mark Your Calendar

Spend Eid with Saad El Oud’s timeless melodies

🎶 A classical oud performance for Eid? Sounds like the perfect plan. CJC 610 is kicking off their post-Ramadan season with Saad El Oud, bringing his soulful vocals and Arabic melodies for a nostalgic, intimate night on Saturday, 21 March at 10pm. You can book your tickets now on Ticketsmarché.

6

GO WITH THE FLOW

What the markets are doing on 11 March 2026

The EGX30 fell 1.2% at today’s close on turnover of EGP 5.5 bn (16.0% below the 90-day average). International investors were the sole net sellers. The index is up 12.8% YTD.

In the green: Egypt Aluminum (+6.5%), Abu Qir Fertilizers (+6.4%), and ADIB (+5.2%).

In the red: Eastern Company (-7.5%), CIB (-3.2%), and Fawry (-2.8%).


🗓️ MARCH

24 February - 14 March (Tuesday-Saturday): Ramadan Premium Market at the Arena, Cairo West.

28 February - 11 March (Saturday-Wednesday): Qahrawya Iftours.

8-12 March (Sunday-Thursday): Mohamed Abdel Wahab Museum opens in Downtown Cairo.

9-16 March (Monday-Monday): Hakawy El Qahera Tent at the Citadel.

12 March (Thursday): Ramadan program at the Multicultural and Artistic Space at Qaitbey.

13 March (Friday): Hamid El Shaeri at Wayana Tent, Al Baron.

13-14 March (Friday-Saturday): Garage Sale at Darb 15, Maadi.

21 March (Saturday): Eid Al-Fitr.

21 March (Saturday): Saad El Oud at CJC 610.

22 March (Sunday): Burna Boy at Festival Plaza, El Gouna.

22 March (Sunday): Zarf Tarek Gedan at Heliopolis Library Theater.

27 March (Friday): Wegz at the PUBG Mobile anniversary carnival, the Great Pyramids of Giza.

APRIL

2 April (Thursday): Hany Shaker at Theatro Arkan.

7 April (Tuesday): Shakira at the Pyramids of Giza.

13 April (Monday): Sham El Nessim.

25 April (Saturday): Sinai Liberation Day.

MAY

1 May (Friday): Labor Day.

7-9 May (Thursday-Saturday): Sandbox Festival in El Gouna.

26 May (Tuesday): Arafat’s Day.

26 May (Tuesday): Andrea Bocelli at the City of Arts and Culture in the New Administrative Capital.

JUNE

16 June (Tuesday): Islamic New Year.

30 June (Tuesday): June 30th Revolution.

JULY

23 July (Thursday): July 23rd Revolution 1952.

24 July (Friday): Adriatique at the North Coast.

AUGUST

21 August (Friday): Black Coffee at Cubix North Coast.

25 August (Thursday): Prophet Muhammad’s Birthday.

OCTOBER

6 October (Tuesday): Armed Forces Day.

24 October (Saturday): Blue 25th Anniversary Tour at New Capital.

Now Playing
Now Playing
00:00
00:00