Good afternoon, folks. The long weekend is finally here. We hope you all have a restful, enjoyable break with family and friends.
THE BIG STORY TODAY
Annual inflation eased for the fourth month in a row in June: Annual urban inflation cooled to 27.5% in June, down from 28.1% in May. The drop came despite a slight increase of food inflation to 31.9% y-o-y in urban areas, according to figures from state statistics agency Capmas.
Monthly inflation rose again after a surprising decline in May: On a monthly basis, urban inflation recorded 1.6% m-o-m in June after it saw its biggest decline since June 2019 in May.
THE BIG STORY ABROAD
NATO leaders are expected to announce new aid for Ukraine ahead of the US elections. US President Joe Biden, whose fitness for office has been under scrutiny, is hosting the annual NATO summit in Washington today, and leading their agenda is the aid to Kiev. Ukraine President Volodymyr Zelenskiy has been urging Biden to take action ahead of elections, as opposing candidate Donald Trump has been vocally critical of the amount of aid being sent to the country, which could come into play following the US elections in November. As a safeguard, Zelenskiy will be meeting with US Republican House of Representatives Speaker Mike Johnson during the summit, of which Ukraine is a guest, to discuss security assurances. (Reuters | Bloomberg)
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EEP to launch two new schools by 2025: The Egypt Education Platform (EEP) plans to set up two new schools in Alexandria and Somabay by September 2025.
☀️ TOMORROW’S WEATHER- We’re seeing a high of 40°C and a low of 28°C in Cairo, according to our favorite weather app. Alexandria and Sahel are a bit cooler with a high of 33°C and a low of 25°C at night.
Eldest daughter syndrome, middle child personality, youngest child behavior… Does your position in the sibling lineup actually influence who you are?Not really, say experts. Despite how historically prevalent, and sometimes accurate, these categories are, more recent studies found no correlation between birth order and personality.
Where did this idea come from? Alfred Adler, largely heralded as the father of individual psychology, came up with the theory that a person’s “family constellation” manifested in predictable personality characteristics.
Yet older studies have found a surprising amount of associations between birth order and personal choices. Frank Sulloway, an American psychologist and one of the biggest contemporary proponents of the theory, studied the careers of people in the 1900s and 2000s and found that firstborn professionals were more conservative in their approach to work, while those lower in the family tree tended to be more radical. The opposite was true for those in the political sphere.
So why is this theory being disregarded now? The main markers of personality development look at openness, conscientiousness, extroversion, agreeableness, and neuroticism. More recent studies show no correlation between those personality traits and birth order. In fact, Rodica Damian, a psychology professor who conducted one of the largest studies using 440k students, says that “the association between birth order and personality traits is as close to zero as you can get.”
But… Both Damian and another team of researchers found that firstborn children showed slightly higher verbal intelligence than their younger siblings. Before you go texting the family group chat to boast, this is likely due to firstborns being around adults more during their early childhood than their younger siblings, and has no impact on intelligence or learning skills.
So what makes up a personality? We’re not completely sure yet. Current research indicates that 40% of what makes us who we are is due to biologically inherited traits. The rest is up for grabs, but environment and cultural practices are key players.
The third season of The Bear is a mess of mixed reviews, but here’s why you should sit down and watch it anyway. It’s no secret that The Bear is a favorite at Enterprise, but we’ve seen the reviews and the episodes, and we’re here to tell you that season three is well worth your time.
ICYMI: The Bear follows Carmy Berzatto (Jeremy Allen White), a world-class chef thrust back into the kitchen of his family’s run-down sandwich shop after his brother’s tragic death. The struggles of small-business ownership and the demanding reality of the food industry is revealed as Carmy fights to transform the restaurant and adjust to his new role. It’s a tense show, but a deeply engrossing one too.
Where’s the fire? Many fans of the show are complaining that The Bear has lost its identity, and that they’re having trouble connecting with the characters this season. To that we say: Duh. That’s what this season is all about. Everyone on the show is struggling with the feeling that the restaurant has lost its way and strayed too far from its roots. The many issues plaguing the characters are causing deep fissures not only in the team, but in the restaurant as a business. The disjointedness of the season isn’t an accident.
We will concede that there are a few minor issues. Fak fans will love the extra screen time dedicated to Neil and the rest of the Fak clan. It may be a bit too much for people who had no strong opinion either way, and torture for the few who disliked the Faks to begin with. The Fak family usually provides some much-needed comic relief, but this season has proven that less is more. These episodes are undeniably more introspective, and some of the Fak gimmicks just feel out of place in the midst of weightier themes being pushed to the front.
Is season four around the corner? Seasons three and four were shot back-to-back. That, coupled with a cryptic “To be continued” wrapping up the last episode could indicate that we just might get season four earlier than expected. But that doesn’t mean you should binge the new episodes. Our in-house Enterprise experts recommend that you take your time to savor this season instead of burning through it all in one go.
WHERE TO WATCH- You can find the new season of The Bear on Disney+.
Related
⚽ The Three Lions vs the Oranje: England will be facing the Netherlands in the semi-finals of the Euro 2024 tonight at 10pm. The Three Lions qualified after beating Switzerland in penalties, while The Netherlands overcame Turkey with a 2-1 score.
The road to the highly-anticipated final: The winner of tonight's match will face Spain, who qualified by eliminating France 2-1, in the final next Sunday.
Who will face Argentina in the Copa America final? Uruguay and Colombia will go head to head at 3am for the Copa America semi-final. Uruguay eliminated Brazil in the quarter-finals, while Colombia sweeped Panama with five goals to nil. Argentina, who beat Canada by two goals this morning, will be waiting for its opponent next Monday at dawn for the final.
Important matches in the Nile League during the weekend:
Talaea El Gaish will host El Zamalek at 9pm tomorrow for the postponed match from the 16th week.
Al Mokawloon Al Arab face Modern Sport at 9pm tomorrow night for the match that was postponed due to the passing of player Ahmed Refaat.
Al Ahly will be hosting Pyramids at 9pm on Friday for a postponed match from the 14th round.
National Bank faces Smouha at 9pm on Saturday in a postponed match from the 29th round.
Related
?EAT THIS TONIGHT-
Indulge in a night of fine dining and entertainment at CinCin. You could almost miss this restaurant at the quiet end of the Walk of Cairo, but beyond their oak door is a thick velvet green curtain that gives the illusion of leaving the world outside and being enveloped into a new environment.
Welcome to one of the coolest interiors in the country. The temperature in the space is cool, music is on point and service is quick and attentive. We were impressed with the elements that decorated the space, the minimalistic black tables, the high ceilings, the mix of wood on soft lights really does help the weary unwind.
Bring on the grilled octopus. Even though it isn’t a usual favorite, this Greek delicacy is exquisite. Soft, not chewy, and with a spritz of lemon gave us the touch of the sea. The souvlaki really did taste like souvlaki, and not shish tawouk and the tzatziki wasn’t overly garlicky. The Duck Arancini was fought over, the darker meat paired with the cheesy-crispy interior had us diving in for more.
Allow the host to recommend the main course. He happily proposed the Chateaubriand and boy, were we glad he did. Enough for a small group, each of us was satisfied with the tender morsels of meat cooked to a delicious medium. We didn’t have space for more mains, but we liked the sound of the ribs paired with the orzo.
You can check them out in Sahel. Located in or on a rooftop terrace at Address Marassi GolfResort. They are also not usually this quiet, as they do have fun brunches and the ambiance in Sahel strongly suggests a vibe of fun and frolicking.
PRO TIP- They open quite late at the Walk of Cairo, which makes it the ideal venue to head to after a long day of negotiations or after you put the goblins to bed.
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? OUT AND ABOUT- (all times CLT)
HAPPENING THIS WEEK-
Musical icon Mohamed Mounir will be performing on Friday, 12 July at the New Alamein Festival from 9pm. Get your tickets here.
And tomorrow, Mona El Shazly will be hosting a special live episode hosting Medhat Saleh at the New Alamein Festival at 10pm. Get your tickets here.
Ahmed Helmy’s play continues this week. The actor is performing in his interactive play Mimo at the Grand Nile Tower Hotel in Cairo. Catch the show tomorrow and Friday 12 July. Get your tickets here.
Affichat w Aflam is still on. This exhibition showcases a vast selection of the late Pierre Sioufi’s collection of more than 10k pieces of Egyptian cinema memorabilia from 1932 to 2017. Showing in three editions, with the first ending tomorrow it will display pieces from the 1930s to 1970s. The exhibition is open from 10am to 10pm at Bibliothek.
Master the art of punch needle embroidery at Darb 15 on Friday, 12 July from 12pm Whether you’re a seasoned stitcher or a complete beginner, this workshop is perfect for anyone looking to unwind, get crafty, and unleash their inner artist. To book your spot DM Darb 15 on their Instagram.
Egyptian Nights with Cairokee. The Egyptian band will be performing at the AAST in Alexandria as a part of the Egyptian Nights Festival on Saturday, 13 July at 8pm. Click here for the tickets.
Another tribute night from El Sawy Culturewheel is dedicated to Lana Del Rey. Brooklyn Babies will be performing their homage to the queen of summertime sadness on Saturday, 13 July from 7pm. Get the details here.
HAPPENING LATER-
Smooth melodies, upbeat rhythms and enticing energy. Don’t miss Blackout ’s smooth jazz tunes at Cairo Jazz Club on Sunday 14 June at 8pm. Message CJC on Facebook to reserve.
20 years of Masar Egbari: The band is celebrating its 20th anniversary with a concert at Al Sawy Culturewheel, Nile University branch in Sheikh Zayed, on Thursday, July 18, at 8pm. Click here to get your tickets.
Mouled Ahl Al Zikr x Sawy Culture Wheel: Sheikh Mahmoud Al-Tohamy will present an evening of recitation and chanting at El Sawy Wheel in Zamalek on Friday, July 19 at 8 pm. (Tickets)
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? UNDER THE LAMPLIGHT-
The whole world fits into one house in Piranesi by Susanna Clarke. The structure is neverending with infinite rooms, halls, walls, statues, and paths to take. Trapped inside the endless walls is Piranesi and a whole ocean that threatens to take over the palace. Remains litter the halls, but other than The Other, who visits Piranesi biweekly in a quest for knowledge, he is alone…
Or is he? Piranesi thought he knew everything about his confined world, the only one he has ever known, but when that belief is threatened, it opens up a whole new universe that he might not be ready for. The endless limits he had set for himself might be more restricted than he thought which threatens his entire existence.
Written like a dream, the book beautifully blends the magic of mythology with the process of discovery and the pursuit of knowledge. At the same time, there are themes of isolation and the fight between good and evil.
It can be polarizing: Being a work of philosophical fiction with heavy descriptive language and vague symbolism, not every reader will love this. If you’re a fan of the absurdist Albert Camus or the mystical realism of Haruki Murakami, you’ll likely enjoy this. But if you’re more into fast-paced plots with thrilling suspense, you might not. There’s no doubt that writing is really well done, it just may not be everyone’s cup of tea.
The EGX30 fell 0.6% at today’s close on turnover of EGP 3.3 bn (22.2% below the 90-day average). Regional investors were the sole net buyers. The index is up 13.6% YTD.
In the green: Beltone Holding (+4.1%), Oriental Weavers (+2.4%), and Egypt Kuwait Holding (+1.7%).
In the red: Ezz Steel (-5.1%), GB Corp (-4.0%), and E-finance (-2.9%).
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