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The great flattening

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WHAT WE’RE TRACKING TONIGHT

Gaza ceasefire hits roadblocks as Netanyahu stalls on implementation

Good afternoon all you wonderful people, and welcome to the weekend. We have a packed issue for you ahead, so without further ado, let’s jump in.

THE BIG STORY TODAY

#1- GM launches locally assembled Chevrolet Optra 2025: General Motors Egypt has launched the production of Chevrolet Optra 2025 model at its factory in Sixth of October City, the company said in a statement today. The company has invested over USD 20 mn in local production capabilities with the addition of new equipment and error-proofing technology “to cater to the new passenger car program to ensure further safety and quality,” the statement read.

#2- Energy giant Chevron is set to begin drilling its second exploratory gas well in the Narges field next month, Asharq Business reports, with production pencilled in for late 2026. The announcement follows the completion of Chevron’s first exploratory gas well in the Narges field, which is estimated to contain 2.5 tn cbf of extractable gas.

THE BIG STORY ABROAD

News from Gaza continues to dominate the int’l headlines this morning, as euphoric celebration of a ceasefire agreement between Israel and Hamas has given way overnight to a sense of apprehension and unease as Israeli strikes continue in Gaza and Israeli PM Benjamin Netanyahu threatens to put off a critical vote on the incipient agreement.

Israel is stalling on implementing the ceasefire: Netanyahu, who has long played the role of spoiler in ceasefire negotiations, is now claiming that Hamas has gone back on several key tenets of the agreement, with the PM threatening to put off convening Israel’s cabinet — scheduled to meet today to certify the agreement — until Hamas “has accepted all elements of the agreement.” The ceasefire — set to come into effect on Sunday — has been rejected by two of Netanyahu’s coalition parties, which have called for the continuation of hostilities. (Reuters | Financial Times | Associated Press)

AND IN BUSINESS NEWS- TikTok is set to wrap up its US operations on Sunday, barring any last-minute retraction of a ban on the social media site set to take effect that day.

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

  • Organi Group is looking to invest USD 1 bn in the automotive and tourism sectors by 2030, with plans to add 20k rooms to its hotel portfolio and up its auto exports to 30k cars on the back of the recent inauguration of its jointly owned assembly plant.
  • ENR and Italy’s Salcef partner to revamp railway infrastructure: Salcef Track, a new JV between the Egyptian National Railways (ENR) and Italy’s Salcef Group, will oversee the development, renewal, and maintenance of Egypt's railway infrastructure over the next 25 years.
  • A USD 50 mn Turkish textile investment: Turkey’s Katia & Bony will soon be launching sock manufacturing operations in Egypt with investments of USD 50 mn.

☀️ TOMORROW’S WEATHER- Some sunny spells are expected in the capital tomorrow morning with highs of 23°C before dipping into a chilly low of 13°C.

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FOR YOUR COMMUTE

Middle managers are vital to success, but often the first to go

Does the secret to success lie in the middle man? Middle managers are vital to the success of a workplace, Business Insider reports — despite increasingly getting the boot of late, as companies sacrifice their middle men on the altar of economization.

Layoffs, layoffs, layoffs: Some of the world’s biggest companies have looked to reduce “ middle management bloat,” with Amazon and Meta among those cutting managerial positions amid what Meta has dubbed a “year of efficiency.”

So noticeable is this trend that it’s been called the “great flattening,” with large companies looking to scale down to a more simplified, horizontal structure following mounting increases in managerial layers on the back of a period of unprecedented growth. AI and growing automation have also played their role in making some middle management positions redundant, Big Tech executives argue.

A not-so-sunny outlook: Those mid-career professionals caught in the crosshairs of this shift in corporate strategy are fairly short on alternatives, with 42% fewer jobs in this tier being advertised in October 2024 compared to in April 2022.

You might want to think twice before jumping on the bandwagon, though. While companies cite increasing “corporate efficiency” as a reason to cut jobs, studies have shown middle managers are key to executing leadership mandates on the front lines, Forbes writes. They also play an important role in maintaining employees’ performance and well-being, according to McKinsey partner Bryan Hancock.


Bezos’ Blue Origin is lifting off into space’s big leagues: Jeff Bezos’ space company Blue Origin successfully launched its New Glenn rocket into Earth’s orbit early Thursday morning, marking a milestone in its longstanding rivalry with Elon Musk’s SpaceX, Reuters reports.

Second time’s the charm: The successful launch came after the company’s first attempt — scheduled for Monday — was called off due to ice buildup on the rocket’s propellant line. The liftoff elicited effusive cheers from employees, with Blue Origin VP Ariane Cornell announcing the achievement moments after the rocket’s second stage reached orbit.

Standing 30 stories tall with a reusable first stage, New Glenn is Blue Origin’s answer to SpaceX’s Falcon Heavy, boasting a similar payload and responsible for transporting satellites into space. New Glenn is expected to be a key part of Bezos’ Project Kuiper, a high-speed internet satellite network meant to compete with SpaceX’s Starlink. For now, Kuiper satellites will hitch a ride on SpaceX’s Falcon 9, but New Glenn is expected to take over once fully operational.

More players in the space race could lower the cost of reaching the cosmos: Blue Origin’s successful launch bodes well for the commercial space race’s future, with increased competition and new innovations — like New Glenn’s reusable design — likely to lower the cost of satellite deployment and other space-related activities.

It’s not yet time for Blue Origin to rest on its laurels, though: Despite a monumental step forward, the company remains years behind SpaceX — a reality underscored by its current reliance on Musk’s rockets. The company’s slow-and-steady approach, symbolized by its tortoise mascot, contrasts sharply with SpaceX’s rapid-fire development and frequent launches. We’ll just have to wait and see whether the tortoise or the hare wins this particular race.

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ON THE TUBE TONIGHT

A family empire built on power, betrayal, and revenge

? Revenge is the key ingredient in this popular drama. Noqta Soda quickly rose to the top of Shahid’s most-watched list almost as soon as it hit the platform — and with good reason, too. This gripping drama’s storyline focuses on how the retirement of a company's patriarch ignites a power struggle, with murderous consequences.

The series starts off at the Al Siofi family’s annual company celebration, where the whole family has gathered to hear who the head of the family, Mokhtar Al Siofi (Ahmed Bedier), has decided will take over the company after him. In a shocking move, the family patriarch chooses his nephew Omar (Ahmed Fahmy) over his son Ali (Ahmed Magdy), deeming Ali too soft and irresponsible to take over.

Later on in the celebration, a woman interrupts Omar's speech by accusing him of tricking him into loving her and then abandoning her. This prompts Ali’s wife — Fayrouz (Sara Salama) — to go to the bathroom, where she finds a dead woman. Thus begins the unravelling of a web of lies, deceit, and betrayal woven throughout the Al Siofi family, leaving the viewer questioning who to trust.

The cast boasts an impressive roster, including Ahmed Fahmy, Nahed El Sebai, Ahmed Magdy, Wafaa Amer, Samah Anwar, Ahmed Bedeir, Nahed Rushdi, Hoda El Etreby, and Sara Salama. What makes this series even more special is that it includes scenes featuring the late Nahed Rushdi and Ashraf Abdelghafoor before their untimely passing.

You’ll have to really focus with this one. The acting is underwhelming and some characters lack the authentic natural reactions necessary for an audience to sympathize with characters. There are also some moments or scenarios that seem a bit exaggerated.

On the more positive side, the suspense in this show is real, with some twists and turns that’ll keep viewers on the edge of their seat. You might not root for any of the characters, but if you like shows like Succession or Dynasty, you’re likely to find this similarly entertaining.

WHERE TO WATCH- You can catch the series on Shahid or watch the trailer on YouTube (runtime: 2:13).

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Sports

Exciting weekend ahead for sports fans

Our Pharoahs will be taking on Bahrain in the second round of the qualifying stage for the World Men’s Handball Championship, with kickoff set for 7pm tomorrow. The Pharoahs are already riding the victor’s train with a 39-25 win in their opening match against Argentina — claiming the top spot in Group H on goal difference ahead of Croatia, who defeated Bahrain 36-22.

Things are also getting intense here in Om El Donia: Today’s Egyptian Premier League matches see Zamalek and Al Masry competing for league leader, with Zamalek going head-to-head with Haras El Hodood at 4pm and Al Masry playing Pharco at 7pm to close out matchweek 8. The White Knights sit fourth, four points off table-topping Al Ahly, who currently have 18 points. Al Masry, meanwhile, are in sixth with 12 points.

Al Ahly and Pyramids are also eyeing top spots in the CAF Champions League. With qualification for round 16 already secured, both teams are looking to lock in first place in their groups. Al Ahly will be playing against South Africa’s Orlando Pirates, the group leaders, at 6pm on Saturday. Pyramids will be facing off with bottom-of-the-group Djoliba at 9pm the same day. Al Ahly is behind Orlando by a single point, while Pyramids is tied with Tunis but trails on goal difference.

The Egyptian Cup is kicking off round 16 today with Enppi and Ismaily taking the pitch at 2:30pm. The score as of now is 1-0.

Matches from the Cup to look forward to this weekend:

  • Ceramica Cleopatra vs. El Gaish (Friday, 2:30pm)
  • Smouha vs. ZED (Friday, 5:30pm)

Heading over to the English Premier League, matchweek 21 comes to a close today. Ipswich Town will be going head-to-head with Brighton at 9:30pm, followed by Man United facing Southampton at 10pm.

The new round kicks off Saturday with these important matches on the roster:

  • Brentford vs. Liverpool (5pm)
  • Arsenal vs. Aston Villa (7:30pm)

Other matches that’ll also be playing that day:

  • Newcastle vs. Bournemouth (2:30pm)
  • West Ham vs. Crystal Palace (5pm)
  • Leicester City vs. Fulham (5pm)

The Spaniards are also seeing some action at the Copa del Rey. Real Madrid are hoping for redemption tonight against Celta Vigo at 10pm for round 16. After a humbling loss to Barcelona in the Supercopa de Espana earlier this week, Los Blancos are eager to get back on track.

Barcelona is having a moment in La Liga. Barcelona and Getafe are facing off at 10pm on Saturday in matchweek 20. The Blaugrana sit third with 38 points, six behind Atletico Madrid and five off second place Real Madrid.

Matchweek 21 of Serie A promises a lot of intense matches this Saturday:

  • Juventus vs. AC Milan (7pm)
  • Atalanta vs. Napoli (9:45pm)

Other matches in Europe:

  • Eintracht Frankfurt vs. Dortmund - Bundesliga (Friday, 9:30pm)
  • Roma vs. Genoa - Serie A (Friday, 9:45pm)
  • Bayern Munich vs. Wolfsburg - Bundesliga (Saturday, 4:30pm)
  • Leganes vs Atletico Madrid - La Liga (Saturday, 5:15pm)
  • Lens vs. Paris Saint-Germain - Ligue 1 (Saturday, 6pm)
  • Leverkusen vs. Mönchengladbach - Bundesliga (Saturday, 7:30pm)
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OUT AND ABOUT

A night with Um Kulthoum

MARK YOUR CALENDAR-

? A night with Um Kulthoum. Reham Abd El-Hakim and Mai Farouk will be performing a night filled with Umm Kulthoum’s music at The Grand Egyptian Museum on Sunday, 23 February starting at 6pm. Tickets are available on Ticketsmarche and start at EGP 2.3k.

HAPPENING THIS WEEK-

Treat your ears to some Egyptian folk music: Sohba Semsemia brings you a vibrant singing and dancing show featuring traditional simsimiyya and tanbura music. Catch their performances at Rawabet Art Space from Wednesday, 8 January until Saturday, 1 February. Tickets are available on Ticketsmarche.

Tour the land of the stars with Qahraweya. Join their Cosmos Cinema tour on Friday, 17 January where you’ll tour the world of Egyptian cinema through the ages to get a glimpse behind the curtain at the magic and mastery of filmmaking in Egypt’s golden age and beyond. Details on how to reserve your spot can be found on their Facebook page.

..Or join the Nouma x Lamba Art tour by Qahraweya. On Saturday, 18 January, the tour will take you on a journey through the contemporary art scene of El Mounira and Garden City. To reserve your spot, message their page.

HAPPENING LATER-

Stand-up comedy cackles continue: Shawshy Time is getting the spotlight at Rawabet Art Space on Tuesday, 21 January where Shawshy will be bringing a new format of stand-up comedy to the stage (or so they say). Tickets are available on Ticketsmarche.

A comedy show full of surprises and a hilarious lineup: The Out of Eight group — which features Ahmed Flex, Fady Refaat, Mohamed Belal, Youssef El Harany, Abood, Karim Wael (Keka), Ahmed Bahaa, and Mohamed Soliman — will be bringing endless laughter to their show at Rawabet Art Space on Wednesday, 22 January. Get your tickets on Ticketsmarche.

It’s time for the country’s largest book fair. The Cairo International Book Fair is back for its 56th edition starting Thursday, 23 January and continuing till Wednesday, 5 February. The event will take place at the Egypt International Exhibition and Convention Center in New Cairo, and will host guests of honor that include the Sultanate of Oman, scientists and artist Ahmed Mostageer, and author Fatma Elmadoul.

This one is for the curious: Don’t miss out on Dangerous Experiment at Teatro Al Assema, an eye-opening, hour-long lecture by Dr. Khaled Ghattass where he delves into topics like relationships, life choices, and societal challenges — with a 20-minute Q&A session at the end. The lecture will take place on Friday, 24 January. Get your tickets on Ticketsmarche.

The story behind the music. Egyptian singer and composer Dina El Wedidi will be showcasing the story behind some of her signature songs and walking the audience through her journey on Wednesday, 29 January at the Boom Room in Open Air Mall, Madinaty. The event will take place at 8pm, and tickets are available on Ticketsmarche.

160 of Egypt’s most celebrated and promising artists. The 10th Edition of Cairo Art Fair is now open at TAM Gallery in Abu Rawwash and will continue running till Friday, 31 January.

The ultimate gaming event in Egypt is here. Gamergy Egypt will feature live competitions, immersive experiences, and activities to bring together gaming fans of all ages. The festival will take place from Thursday, 30 January to Saturday, 1 February at Al Burouj Cultural Hub. Earlybird tickets are now available on their website.

This one is for the sports fans. The Football Access Summit will feature talks, panels, and presentations from sports industry leaders — giving the fans insider access. The summit will take place on Friday-Saturday 7 and 8 February at ZED Park. Tickets are available on Ticketsmarche.

Rev up your engines, car lovers: MM Events is here with an unforgettable car show with mind-blowing innovations, game-changing reveals, and all the latest trends shaping the future of cars. Mark your calendars for this high-octane experience on Friday, 24 January at Ain El Hayah resort. Tickets are available on Collard Tickets.

Catch Saleh El Nawawy’s comedic debut: The Dubai-based filmmaker and comedian will be performing live at Theatro Arkan on Saturday, 1 February. Tickets are on Ticketsmarche.

Cairo Runners is once again hosting its iconic annual marathon, this time on the day of love. On Friday, 14 February, pick between a 21km, 10km, or 5km race, or even a short family run. Register your interest on Cairo Runners.

Kick off the new year with the famous Fire of Anatolia. The Turkish dance troupe will be performing at the Cairo Opera House in Zamalek, combining traditional folk dances with contemporary dance. The performances will take place on January 29, 30, and 31 at 8pm. Tickets are available on Tazkarti.

For the gamers and the cosplayers. EGYCON 12 is taking place on Friday, 21 February at Family Park, New Cairo. The event will feature Japanese live performances, trivia games, a fire show, a merch bazaar, and a whole lot more. Grab your ticket from the link in the event description.

Sports Expo 2025 is near: Head down to the Egypt International Exhibition Center to meet global athletes and stock up on all kinds of sporting equipment at this year’s Sports Expo 2025. The government-hosted event will bring together private- and public-sector players in the fitness and health sectors and related industries and will be open from Sunday, 23 February until Tuesday, 25 February. Get tickets from Tazkarti.

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GO WITH THE FLOW

What the markets are doing on 16 January 2025

The EGX30 rose 0.7% at today’s close on turnover of EGP 3.7 bn (2% below the 90-day average). International investors were the sole net buyers. The index is down 0.5% YTD.

In the green: Abou Kir Fertilizers (+3.8%), Beltone Holding (+3.4%) and Sidpec (+2.5%).

In the red: Eastern Company (-1.7%), Cleopatra Hospitals (-1.2%) and Heliopolis Housing (-0.8%).

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LIFESTYLE

The importance of doing nothing

In a world that celebrates the constant hustle, rest often becomes an afterthought — something we only try to squeeze into the rare moments when work finally lets up. But here’s the catch: if you’ve been putting off all forms of rest until the stars align to give you some downtime, you might find yourself too burnt out to actually enjoy it.

(Tap or click the headline above to read this story with all of the links to external sources.)

The problem runs deep. In Toxic Productivity, psychotherapist Israa Nasir explains that we’ve been conditioned since childhood to view rest as something that must be earned. Remember hearing “Finish your homework, then you can play,” or “Do your chores before watching TV”? These early messages teach us to see rest and joy as rewards rather than necessities, and manifest in adults associating rest with laziness or a lack of dedication to one’s work or goals.

When we try to bank all of our rest for designated breaks, we often end up sabotaging ourselves. Dr. Natalie Dattilo-Ryan, a clinical psychologist at Harvard Medical School, points out that there is constant pressure to “maximize” even our rest time. This pressure can actually make breaks less restful — especially if we’ve run ourselves ragged leading up to them. Working extra hard to “earn” our time off or scramble to arrange logistics creates stress, and over time, our nervous systems adapt to this heightened state. As Dr. Dattilo-Ryan explains, “You might be doing things to replenish yourself, but you were so drained to begin with, you may not have enough time off to make it back to even.”

The same pattern affects how we spend time with loved ones. Informal social interactions have been replaced by scheduled activities, usually away from home, with clear start and end times. Instead of lingering conversations around your grandmother’s kitchen table or sharing laughs with childhood friends sprawled across a couch, we’ve transformed socializing into calendar events we carefully fit in weeks in advance, leaving little room for spontaneity.

Several factors have gradually pushed out these informal social interactions. “Loose, liminal time with others used to be baked into life,” says Dr. Sanam Hafeez, a neuropsychologist. “It’s been slowly wedged out thanks to smartphones, go-go-go lifestyles, a fiercely individualistic society, and a host of other cultural shifts.” But that’s not all. “The pressure to be productive — whether in work, school, or your personal life — has led to a culture where every minute must be accounted for, and downtime is often viewed as wasteful.”

The good news is that we can make both rest and connection more meaningful by approaching them differently. Instead of putting all our hopes on occasional breaks, we can build restorative practices into our daily lives. Dr. Dattilo-Ryan suggests using what she calls the ESCAPE method — exercise, sleep, connection, appreciation, pleasure/play, and moments to exhale — into our regular routines. This might mean spending a few extra minutes chatting with your partner or friend, savoring a cup of coffee without scrolling through your phone, or simply taking a quiet walk without podcasts or music.

When it comes to time off, setting realistic expectations can make a huge difference. Rather than loading up your break with activities, try choosing just one meaningful “anchor” activity for any week off. Ease into your downtime by delegating tasks at work beforehand instead of spending longer hours trying to “earn” your time off, and to plan for a gentle transition back to regular life afterward. During quality time with friends and family, creating phone-free zones or time blocks can help you feel more attentive, as research shows that even having phones visible can reduce the quality of conversations and connections.

Shifting our mindset about both rest and social time may be the most important part. They’re not rewards to be earned or activities that need to be perfectly optimized — spending time with one another or taking time to decompress are fundamental human needs that deserve space in our daily lives. If you’re used to relying on your calendar and scheduling every commitment, unstructured time may feel strange at first.

You might experience anxiety about not being “productive enough” or feel guilty about taking it easy. Author and Bregman Partners CEO Peter Bregman wrote in the Harvard Business Review that letting yourself “feel the stress of not getting things done, or the fear of missing out as people around you produce and network and market.” But you shouldn’t give into those feelings — you should confront them. “Trust that something important is happening — that there is something good on the other side,” says Bregman.

Forget mindfulness, be unproductive. “Allow yourself time out of time,” wrote Bregman. Mindfulness, focusing your awareness on the present moment, is another form of structured or scheduled rest: “That’s just more control, more pressure, more demand… When you relax the demand on your time and your thinking, you’re slowing down, reducing the load, and leaving space for feelings to come up.”

But “doing nothing” doesn’t mean literal inactivity. It’s about approaching activities without rigid goals or expectations, especially when done with others — the activity itself becomes secondary to the connection it enables. By giving ourselves permission to rest and connect regularly in these casual ways, rather than saving it all for designated breaks or formal gatherings, we can create a more sustainable and fulfilling way of living that honors both our need for productivity and need for genuine human connection.


JANUARY

8 January-1 February (Wednesday-Saturday): Aywa Aywa La2 La2 at Rawabet Art Space.

8 January-1 February (Wednesday-Saturday): Sohba Semsemia at Rawabet Art Space.

17 January (Friday): Cosmos Cinema tour by Qahraweya.

17 January (Friday): Ahmed Khairy at El Rihany Theatre.

17-18 January (Friday-Saturday): Mohamed Helmy Globally Local at Theatro Arkan.

18 January (Saturday): Nouma x Lamba Art tour by Qahraweya.

18 January (Saturday): Founders Live Cairo at Creativa Innovation Hub.

21 January (Tuesday): Shawshy Time at Rawabet Art Space.

22 January (Wednesday): Out of Eight at Rawabet Art Space.

23 January - 5 February (Thursday-Wednesday): Cairo International Book Fair at the Egypt IECC in New Cairo.

24 January (Friday): Dr. Khaled Ghattass at Teatro Al Assema.

24 January (Friday): MM events at Ain El Hayah resort.

29 January (Wednesday): Storyteller Series Vol.1: Dina El Wedidi at Boom Room.

29-31 January (Wednesday-Friday): Fire of Anatolia at Cairo Opera House.

7 December-31 January (Saturday-Friday): Cairo Art Fair at TAM Gallery.

30 January-1 February (Thursday-Saturday): Gamergy Egyptat Al Burouj Cultural Hub.

31 January (Friday): Adventure Zipline & High Ropes - Launching Event at Adrenalin Park.

FEBRUARY

1 February (Saturday): Saleh El Nawawy’s debut at Theatro Arkan.

7 February (Friday): DHB at Giza Pyramids

7-8 February (Friday-Saturday): The Art of Public Speaking Workshop at AUC Tahrir.

7-8 February (Friday-Saturday): Football Access Summit at Zed Park.

14 February (Friday): Heliopolis Marathon with Cairo Runners.

21 February (Friday): Egycon 12 at Family Park, New Cairo.

23 February (Sunday): Umm Kulthoum Tribute Concert at The Grand Egyptian Museum.

23-25 February (Sunday-Tuesday): Sports Expo 2025 at Egypt International Exhibition Center.

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