Nanochip race

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WHAT WE’RE TRACKING TONIGHT

THIS EVENING: It’s the third and final day of Egypt’s presidential elections

Good afternoon friends and happy hump day. Broadly speaking, the final day of the presidential election is still taking center stage as we reach this week’s midway point.

THE BIG STORIES TODAY

A trio of loans from the EBRD: The European Bank for Reconstruction and Development (EBRD) is providing two separate loans to aiBank worth a combined USD 35 mn, and is beginning to disburse a USD 50 mn loan to Elsewedy Electric subsidiary United Metals Company, the bank said in multiple statements.

The breakdown: aiBank will receive a USD 25 mn senior unsecured loan for green on-lending to households and MSMEs for “their investments in climate change adaptation and mitigation projects in a gender-responsive way,” as well as a USD 10 mn senior unsecured loan for on-lending to MSMEs in the agribusiness sector. United Metals Company will use its USD 50 mn loan to finance its working capital.

Voting in the presidential elections ends tonight. Egypt will continue to cast their ballots in the polling stations until 9pm this evening. Candidates for the presidency are: Incumbent President Abdel Fattah El Sisi, Al Wafd Party’s Abdel Sanad Yamama, the Egyptian Social Democratic Party’s Farid Zahran, and the Republican People Party’s Hazem Omar.

Want to get out and vote? Find your nearest polling station by entering your national ID number on the National Elections Authority website. You can also text your national ID number to 5151 or call the same number to find your polling station and receive your voting number.

THE BIG STORY ABROAD

COP28's turbulent end led the conversation in the international press today. The initial draft text released on Monday drew widespread criticism for no defined plan to phase out fossil fuels, the biggest contributing factor to climate change. Instead, eight suggestions were made such as “reducing both consumption and production of fossil fuels, in a just, orderly and equitable manner so as to achieve net zero by, before, or around 2050,” but there was no mention of actually phasing out coal, oil, and gas within the decade which scientists warn must be done. One silver lining, however, is that this was the first time reducing “fossil fuels” has ever been mentioned in a UN climate summit. Now negotiators are scrambling to complete a new draft by the summit’s end.(CNBC | Reuters)

Read more about it in Enterprise Climate.

COME WORK FOR OUR ADVISORY ARM- Enterprise Advisory (formerly known as Inktank Communications) is looking for smart, talented people to help us tell the stories of exciting companies. Enterprise Advisory is the region’s leading investor relations advisory company and works on investor and strategic communications issues that take you deep inside the c-suite. Our clients are in Egypt, Saudi Arabia, the UAE, and beyond. Egyptian and foreign nationals alike are welcome to apply, but native-level verbal and written English fluency is a must.

WHO YOU ARE- We're looking for gifted storytellers with a minimum of four years of work experience in investor relations, finance, banking, economics, or a related field to develop cutting-edge products and maintain relationships with a portfolio of clients. Candidates should have a bachelor's degree or higher in finance, accounting, economics, business administration, or a related discipline. We're looking for someone whose passion for storytelling is matched with strong analytical and problem-solving skills, as well as the ability to interpret and present financial data — with a keen eye for details and accuracy.

INTERESTED IN APPLYING? To apply for the position, drop us a line at jobs@enterprisemea.com and mention “Enterprise Advisory” in your subject line. Please send a solid cover letter telling us a bit about who you are and why you’re a good fit for our team. We want to see your CV, but the most important thing is a cover letter that makes us want to pick up the phone and give you a call.

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

The Sovereign Fund of Egypt (SFE) is gearing up for new sales of state-owned companies in 1Q 2024, SFE chief Ayman Soliman said.
We have it in writing: Private-sector workers on the minimum wage will get a salary bump from the beginning of 2024.
The Madbouly government has turned to its strategic sugar reserves in a bid to put a lid on soaring prices.The Supply Ministry will dump 240k tonnes into the market this month to fill the supply gap to reduce the volatility, which has continued despite a raft of measures put in place by the government to restore calm.

HELP GAZA-

Want to support relief efforts in Gaza, but don’t know how? We’ve got you. More than 1 mn people in Gaza have been thrown from their homes and every human being there lacks access to food, water, and fuel amid the most intense bombardment any population has endured this century.

The folks at Talabat are processing donations for a range of Gaza relief appeals by charities including the Egyptian Food Bank and Misr El Kheir. Pay in EGP using your credit card.

Or check out our list of charities to which you can make direct donations via bank deposit and / or Fawry.

⛅ TOMORROW’S WEATHER- Expect an overcast day with the mercury rising to 21°C and dropping to a cool 14°C in the evening, tells us our favorite weather app.

The future of smartphones and AI — and a USD 500 bn industry — is up for grabs.Intel, Samsung, and the Taiwan Semiconductor Manufacturing Company (TSMC) are in a race to make the fabled 2-nanometer processor chip. Whichever company leads the race to produce a functioning chip will effectively dominate the industry.

TSMC is (unsurprisingly) the analyst favorite as of now: TSMC — the world’s largest semiconductor manufacturer — has already completed testing for their 2-nanometer chip prototype, with results to show their biggest clients, which include Apple and Nvidia, reports the Financial Times. As the demand for data center chips that power generative AI services like ChatGPT grows, so will the already lucrative field, worth USD 500 bn, as of last year.

…but Samsung is gaining ground. Samsung and Intel are hoping to close the gap, with Samsung trying to undercut TSMC by snagging Nvidia as a major client, two sources confirmed to the FT. The question, according to US hedge fund analyst James Lin, is whether Samsung can execute the migration to 2-nano better than TSMC, of which he and other experts are doubtful.

Intel has high hopes as well, making bold claims about going into production by the end of 2024. This would put it ahead of its rivals, but confidence in the US company’s performance isn’t much to bet on. TSMC plans to enter mass production in 2025, with its first batches going to Apple for new iPhone models. High performance computing chips for PCs will come later.

Why the fuss? These processor chips are coveted because of their size. Since these small devices, which power smartphones, AI, and data centers, are more powerful the smaller they are. Since the smaller the transistors are on a chip, the lower its energy consumption and the faster its speed.

How small is a 2-nanometer transistor, really? In lieu of a visual comparison, imagine your typical garden ant. Pretty small, right? Those bad boys stand at 3-5 mn nanometers, over a mn times bigger than these microprocessor components. A single virus cell stands at 14 nanometers. Even a strand of DNA is just a bit wider, standing at 2.5 nanometers. 50 bn of these transistors can fit on an area the same size as your fingernail.

As US-China relations remain icy, India is trying to position itself as a top destination for Apple to reroute its manufacturing capabilities, reports the Financial Times. While China is likely to remain the company’s main manufacturing hub, India could become a “China plus one” market, although the country has several issues with its business environment that require addressing, the FT says.

The big questions: The dynamics + demographics of the labor market.Accommodation is a contentious issue, says the biggest manufacturer of the iPhone, Foxconn. The issue of living quarters must be settled where executives are hoping Indian workers will prove as willing as Chinese workers to leave their families and homes for the job. Women are also key contributors to the job market, particularly in electronics manufacturing, but are at a disadvantage in many ways due to social stigma and commuting safety questions.

Remember: This shift has been months in the making. Apple’s main suppliers have increasingly been moving away from China as prolonged issues with covid-19 led to supply chain disruptions and worker protests at the end of last year. In addition to looking at India as a potential alternative manufacturing destination to China, Foxconn and Pegatron also had their eyes on Vietnam, which had already begun attracting several other Apple suppliers.

This Egyptian series is full of suspense

? ON THE TUBE TONIGHT-
(all times CLT)

Every Week Has a Friday, is a captivating Arabic miniseries that delves into the realms of crime, romance, and psychology. It is directed by Mohamed Shaker Khoider who is known for directing the Egyptian series Grand Hotel.

The series follows Layla (Menna Shalaby), a young woman who is trying to escape from her mysterious past and turn a new leaf. She finds herself forced into an arrangement that involves marrying and living with Emad (Asser Yassin), a mentally and verbally challenged man. Somehow, life between them becomes entangled in a series of violent crimes that take place at their place every Friday.

By time, Layla starts to get in touch with her more diabolical side and becomes interested in these crimes.

The cast selection is on point, including Yassin, who was completely removed from his comfort zone and masterfully portrays the fine details of a criminal with psychological issues. Shalaby truly addressed the tone of revenge, tragedy and romance. Also, the miniseries had Ahmed Khaled Saleh playing the role of Karim and Sawsan Badr playing the role of Sawsan.

The storyline is intriguing, each episode has a cliffhanger that keeps you eagerly waiting for the next episode. The soundtracks of the renowned musician Hesham Nazih added a special and iconic touch to the series, and definitely has us excited for the next episode..

NOTE- Menna Shalaby received her first nomination for the international Emmy Awards for her role in the series.

⚽Half of the qualifiers of round 16 of the Champions League have been decided: Today begins the sixth and final round of the group stage of the Champions League, which will finally decide the qualifiers and those who will leave the first four groups, as well as those who will have to play in the Europa League playoff.

What is the Europe League supplement in the first place? The lead in each group in the European League qualifies directly for round 16. But the clubs that finished as runners-up play play-off matches against the third group of the Champions League. Whoever comes out on top will join the qualifiers to the round of 16.

Group One: Man U will be hosts to Bayern Munich in a match that begins at 10pm. Man U have no hope but to win and wait for the opponents to play in their favor.

Copenhagen will be playing Galatasaray, and both teams can qualify directly if they win, without considering the results of the competitors.

Standings: Bayern are guaranteed to qualify at the top (13 points), while the possibilities are still open for Copenhagen and Galatasaray (5 points each) and Man U (4).

Group Two: Arsenal will visit PSV Eindhoven at 7:45pm, which is the same time as Lens’ confrontation with Sevilla. The Gunners are going into the match without any pressure after qualifying to first place, while the battle will be intense for the other seat and the chance to qualify for the European League among the rest of the group’s teams.

Rankings: Arsenal (12 points) is in first place, followed by PSV Eindhoven (8 points), Lens (5), then Sevilla (2).

Group Three: Union Berlin faces Real Madrid at 10pm, meanwhile, Napoli will be playing Braga during the same slot. The Royal team that has a full score is the only one that has qualified in the group, while the second ticket and the opportunity to join the Europa League will be limited to Naples, Braga, and Berlin.

Rankings:Real Madrid leads the group (15 points), followed by Napoli (7), then Braga (4) and Union Berlin (2).

Group Four: Inter Milan faces Real Sociedad at 10pm, the same time as Salzburg’s match with Benfica. The first match determines the group champion and the runner-up, while the second sends one of the two teams to the Europa League play-off and the other back home.

Ranking: Sociedad is in the lead (11 points) on goal difference, ahead of second-placed Inter, then Salzburg (4), and Benfica (1).

The Jeddah Federation opens the 2023 Club World Cup: Al Ittihad will play the opening match of the Club World Cup, which is hosted by Saudi Arabia, from today until December 22, at 8pm.

Al Ittihad, the Asian champion, will face off New Zealand’s Auckland City, the Oceania champion, in the first round. The winner will qualify for the match to face Africa’s champion, Al Ahly, next Friday during the Club World Cup’s next round.

Warm up your vocal chords, gang. Karaoke Night is back at ROOM Art Space and Cafe. ROOM’s doors are open every Tuesday (including tonight) for you and your friends to belt out your favorite tunes, starting at 8pm and ending at 10pm. You can reserve your spot here. Keep in mind that the entry fee is accompanied by an EGP 50 minimum order per person.

Celebrate one of the all-time greats at yet another event at ROOM Art Space and Cafe in Garden City. The venue’s doors will open at 7:30 on Saturday, 16 December, giving you a half hour to settle in before the Fairouz Tribute Night begins. The music will be provided by the Michael Onsy Ensemble band, and Batoul El Abd will be delivering the golden vocals. Tickets are priced at EGP 200, and don’t include the price of the mandatory one-order minimum per person.

Get ready for the season with the Cairo Opera House which will be hosting a series of events celebrating Christmas and New Year’s Eve:

The Cairo Symphony Orchestra will host a Christmas concert on Saturday, 23 December at 8pm. You can book your ticket from here.
For Disney fans: The Disney Classics concert will be held at the Opera’s Main Hall on Monday, 25 December. The concert will start at 8pm. Tickets are available here.
Don’t miss the Nutcracker ballet shows. The performances will be presented by the Cairo Opera Ballet, along with the Cairo Opera Orchestra. The first show will be held on Tuesday, 26 December, and will continue until Thursday, 30 December. Tickets are available here.
The orchestra will also put on another concert on Sunday, 31 December celebrating New Year’s Eve. Click here to book your ticket.

CHRISTMAS EVENTS-

Get into the Christmas spirit with these festive events all around the capital.

Want to sit back and enjoy some Christmasy tunes? Arkan Plaza has you covered. Their Christmas Show, put together by Gaby Bishara, will bring you the smooth sounds of Louis Armstrong and Ol’ Blue Eyes himself in a blend of your favorite jazz tunes and classic Christmas tracks. Clear your schedule on Friday, 22 December to head on over.

Kazoku is hosting a Christmas Dinner in celebration of this festive season on Christmas Day. Head on over at 9pm and enjoy the great food we’ve come to expect. Mira Cassisseya will be performing throughout the evening. Interested? You can find more information in the link provided above.

Looking for something a bit more intimate? Villa Belle Époque cordially invites you to dinner on Christmas Eve. Live entertainment and a five course dinner… What more could you ask Santa for? Don’t forget to reserve ahead of time.

The classic Christmas staple The Nutcracker Ballet will be performed at the Cairo Opera House by the Cairo Opera Ballet Company everyday starting 26 December up until the 30th.

FILM-

Zawya cinema will be screening five movies for the late director Ali Badrakhan until Tuesday, 26 December. You can know more about the schedule from here.

Eins Christmas Bazaar is bringing you some handmade goodies, kicking off this past Friday and continuing until Sunday, 1 January, 2024. The bazaar is being held at the Gallery, in Maadi.

THEATER-

Relive the good old days with the ACT Theater Group. The group is reintroducing tales of Goha’s (mis)adventures into circulation, alongside other folktales of yore. Adults can bask in nostalgia, and younger ones can connect with their cultural heritage. Register for the shows on Friday, 15 and Saturday, 16 December here.

Investigation, or Tahqeeq, is bringing interactive theater to its audience. Help the writer and characters solve a mystery that is revealed on the day of the performance. This unscripted, improvised performance will be playing in Rawabet on Thursday, 14 December and Friday, 15 December, starting at 8pm. Get your tickets through TicketsMarche.

EVENTS-

Future Energy Corporation CEO Sherife Abdelmessih will be hosting a book signing event for his latest book Super Vision. The event will be held on Wednesday, 13 December at Bibliothek Egypt.

SPORTS-

The Cairo Half Marathon is taking place in a few months: Mark your calendars for Friday, 1 March and start stretching. Cairo Runners is bringing back a fan favorite, offering the same distances as The TriFactory. Tickets are available until 27 February, giving you ample time to convince seven of your friends to join, which will get a 10% reduction in price when you register.

If you believe that numbers are merely dry figures on a graph, Uncharted withHannah Fry is here to completely change your perspective. In her podcast, mathematician Hannah Fry uncovers the extraordinary human stories behind every line on a graph, for the listeners to understand the power of numbers.

Through ten captivating mysteries, each episode takes you on a journey where you’ll witness individuals who followed the data and unearthed something truly extraordinary. Her ability to unravel complex mathematical concepts and relate them to real-life situations is eye-opening.

What sets it apart from other podcasts in the genre is the balance between storytelling and educational content. As each episode unfolds, we are not only gripped by the compelling narratives but also gain a deeper understanding of the hidden mathematical principles that shape our world.

If you have a curious mind and a love for stories that are both intellectually stimulating and emotionally engaging, then this is an absolute must-listen.

WHERE TO LISTEN - You can listen to Uncharted with Hannah Fry on BBC Sounds, Spotify, Apple Podcasts and Global Player Podcasts.

What the markets are doing on 12 December, 2023

The EGX30 fell 0.5% at today’s close on turnover of EGP 3.6 bn (14.9% above the 90-day average). Regional investors were net buyers. The index is up 64.9% YTD.

In the green: Edita (+4.6%), Ezz Steel (+3.6%) and Egypt Kuwait Holding (+3.2%).

In the red: Madinet Masr (-5.1%), E-Finance (-3.8%) and ADIB (-2.8%).

Meet our founder of the week, Mariam Elshafie, founder of House Babylon and Studio Babylon

OUR FOUNDER OF THE WEEK- Every Tuesday, Founder of the Week looks at how a successful member of Egypt’s startup community got their big break, asks about their experiences running a business, and gets their advice for budding entrepreneurs. Speaking to us this week is Mariam Elshafie (LinkedIn), founder of House Babylon.

My name is Mariam Elshafie and I am the director and founder of House Babylon & Studio Babylon. I hold an LLM in Public International Law from City Law School, London, and a Graduate Diploma in Law from BPP University, London. At the undergraduate level I majored in Political Science and minored in Law at Concordia University, Montreal, as well as Dalhousie University in Halifax.

My professional journey began when I was a corporate & immigration paralegal at Gherson Solicitors in London, UK. I took on this role while I was enrolled in my masters program. As soon as I was done with my graduate diploma I was employed by Deloitte as a legal consultant where I worked for three years until I started my business.

I launched House Babylon as I was driven by a passion for redefining the accessibility of luxury in the homeware and textile industry. Recognizing the gap between quality and affordability, my goal was — and continues to be — to empower customers with access to premium textiles without breaking the bank. The frustration with the homeware industry started for me, personally, when I bought my first flat in London. I was faced with either steep prices for good quality bedding or mid-range prices for mediocre items that will need replacing every year at a minimum.

Launching House Babylon and figuring out how to enter the market meant diving into thorough research to grasp what customers genuinely crave — a commitment that I hold true today. The ongoing focus revolves around delivering top-tier, natural, and sustainable products at the most accessible prices. To me, every day is a learning experience, but our unwavering core values persist: Delivering the utmost in production quality while constantly innovating designs with each new season.

I’m convinced that the homeware industry, globally, still clings to traditional norms. This is where House Babylon is different from the competition, because we’re introducing a modern perspective and providing exceptional products tailored for the next generation.

When I think aboutsuccess, it isn’t a singular moment, but a collection of celebrations for every small achievement. As a startup founder, navigating challenges underscores the importance of acknowledging and celebrating each step forward. A significant milestone for me was the collaboration with renowned entities like Dior and Aman Hotels, showcasing the work we’ve done in partnership with Studio Babylon.

In five years, I envision House Babylon as a global brand, synonymous with innovative design and sustainability in the homeware industry. To achieve this, we will continue to drive the business through strategic partnerships, expanding our product lines, and leveraging emerging technologies. Focusing on customer feedback and market trends will remain pivotal, ensuring that House Babylon evolves with the dynamic needs of our diverse consumer base.

There definitely have been some recent economic hardships. Operating in the UK over the past five years, we successfully navigated challenges like Brexit, the impact of the pandemic, and the nearby conflict in Ukraine. Recognizing the potential in the Middle East, we explored establishing a hub in Egypt. Initially facing setbacks, such as the loss of a container due to import difficulties, I hesitated but decided to persevere. This obstacle led to a valuable network expansion, connecting us with diverse manufacturers and studios across the country.

Consequently, we now manufacture the majority of our products in Egypt. Navigating the Egyptian market presents its fair share of challenges, particularly for those unaccustomed to the work culture. However, over time, I’ve come to appreciate the human side of business in our country. While it adds complexity, it also brings a sense of warmth and enjoyment to the overall experience.

There are some things I would change about the industry, though: The global textile industry operates with relatively minimal regulation. As consumers, we lack essential information about the content, labor practices, and chemicals used in the textiles we purchase. Notably, platforms often label inexpensive bedding as “Egyptian Cotton” without sufficient oversight due to this regulatory gap. I advocate for global governance to implement more stringent regulations close to those in the food industry. Drawing from Egypt’s example, where the government regulated the farming of the Giza seed to prevent deterioration from interbreeding, I believe it’s crucial to enforce increasingly stringent regulations to protect the farming, manufacturing, and exportation of Egyptian Cotton.

But, the work in the industry is rewarding. I find the most satisfaction in our collaborations with Studio Babylon: Initiating a bespoke project with a client and witnessing a vision transform into reality is an unparalleled and deeply fulfilling experience for me. The same applies when we go from design to production with House Babylon.

While rewarding, there are some challenges. As someone who doesn’t like numbers, I find it hardest to keep track of finances and stay within budget. Thankfully, we have someone in our team who takes care of this part of business — however it continues to haunt me.

There also needs to be a balance between home and work life. Through years of experience and team expansion, I’ve come to understand the importance of consistent delegation and trusting team members. Initially, it was challenging to fully let go of tasks, but now I confidently entrust the team with control, significantly improving my work-life balance. I must admit, spending half the year in Egypt has further contributed to my relaxation. The stress-laden work culture I experience in the UK is notably absent here, and that’s truly wonderful.

For my most recent read: I got my hands on Brief Answers to the Big Questions by Stephen Hawking when a friend, who couldn’t stop talking about it all summer, lent it to me during our holiday. It turned out to be a fascinating read, a true eye opener. Since I’m very much into wabi-sabi minimalism and not owning too much stuff, borrowing books from friends is my go-to. It’s a reliable way to ensure you're diving into something good.

If I hadn’t founded my business, I would probably be designing. Although I’m not a formally trained designer and have never studied it professionally, I find immense joy in the design process every season.

If I could give my younger self some advice, it would be: Don’t hesitate. Looking back, I acknowledge making several mistakes at the beginning of the business due to my reluctance to invest significantly or collaborate extensively with an agency. With experience, I’ve become a firm believer that opting for cheaper alternatives can ultimately be more costly. It’s wiser to invest in doing things right, even if it means paying a bit extra.

And if I could advise new entrepreneurs, I’d say I think our generation is overly fixated on rapid success. We often overlook the journey, impatiently striving to reach the destination quickly. In pursuing our passions, it’s crucial to approach things with a light heart, be kind to ourselves, and consistently learn from our mistakes.

THE ENTERPRISE ENTERTAINMENT CALENDAR

DECEMBER

10-26 December (Sunday-Tuesday): Ali Badrakhan’s cinema, Zawya Cinema, Downtown.

10-16 December (Sunday-Saturday): Tutankhamun: The Immersive Exhibition at the Grand Egyptian Museum.

11-12 December (Monday- Tuesday): Omar Khairat’s concerts, Cairo Opera House, Zamalek.

12 December (Tuesday): Ornament Mosaic Workshop at MAKAN Interiors.

12 December (Tuesday): Karaoke Night at Room Garden City.

14 December (Thursday): Movie Night Under the Stars at Ahimsa.

14-21 December (Thursday-Thursday): Gouna Film Festival (GFF), Gouna.

15 December (Friday): Kayaking with Boards and Boats at Ahimsa

15 December (Friday): Cairo Celebration Choir’s Christmas Concert at Theatro Arkan.

15-16 December (Friday-Saturday): Stories of Goha and Folktales of Yore by ACT Theater Group at Tahir Cultural Center

16 December (Saturday): Pottery Painting with Gamila at Ahimsa

16 December (Saturday): Droob Heritage Day Tour by Qahrawya.

16 December (Saturday): Christmas Wonderland at The Field, Maadi.

16 December (Saturday): Fairouz Tribute Night at Room Garden City.

21 December (Thursday): Art staged performance by Yasmina Riza at Rawabet Art Space.

21-23 December (Thursday-Saturday): Family Fun Fest by Kult Creative at the National Museum of Egyptian Civilization.

22 December (Friday): The Christmas Show by Gaby Bishara at Theatro Arkan.

22 December (Friday): Tamer Ashour Live Concert at Dandy Mall.

22 December (Friday): The High Five Stand Up Comedy Show at The Marquee, CFC.

22-23 December (Friday-Saturday): The Garden Market, Christmas Edition at Merryland Park.

22-23 December (Friday-Saturday): LA Winter Vibes Market at the Egyptian International Exhibition Center.

23 December (Saturday): Pyramids Half Marathon by The TriFactory.

23 December (Saturday): The Cairo Symphony Orchestra’s concert, Cairo Opera House, Zamalek.

24 December (Sunday): Christmas Eve at Villa Belle Époque.

25 December (Monday): Disney Classics concert, Cairo Opera House, Zamalek.

25 December (Monday): Christmas Dinner at Kazoku.

26-30 December (Tuesday-Saturday): NutCracker shows, Cairo Opera House, Zamalek.

31 December (Sunday): The Cairo Symphony Orchestra New Year’s Eve concert, Cairo Opera House, Zamalek.

EVENTS WITH NO SET DATE

2023: The inauguration of the Grand Egyptian Museum.

Q1 2024: Opening of the newly developed Pyramids Plateau in Giza.

2024

JANUARY

7 January (Sunday): Coptic Christmas.

25 January (Thursday): Revolution Day.

26 January-6 February (Friday-Tuesday): Cairo International Book Fair.

MARCH

1 March (Friday): Cairo Half Marathon by Cairo Runners.

11-12 March (Monday-Tuesday): Creative Industry Summit.

APRIL

9 April (Tuesday): Eid El Fitr (TBC).

25 April (Thursday): National holiday in observance of Sinai Liberation Day (TBC).

MAY

1 May (Wednesday): National holiday in observance of Labor Day (TBC).

5 May (Sunday): Coptic Easter.

6 May (Monday): Sham El Nessim (TBC).

JUNE

15-19 June (Saturday-Wednesday): Eid El Adha (TBC).

30 June (Sunday): June 30 Revolution Day (TBC).

JULY

7 July (Sunday): National holiday in observance of Islamic New Year (TBC).

23 July (Tuesday): Revolution Day (TBC).

SEPTEMBER

15 September (Sunday): National holiday in observance of Prophet Muhammad’s birthday (TBC).

OCTOBER

6 October (Sunday): Armed Forces Day.

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This Egyptian series is full of suspense

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What the markets are doing on 12 December, 2023

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Meet our founder of the week, Mariam Elshafie, founder of House Babylon and Studio Babylon

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