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Trump’s FIFA

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WHAT WE’RE TRACKING TONIGHT

Dana Gas confirms new Egyptian onshore gas find

Good afternoon, friends, and congratulations on another successful workweek. The news cycle is seeing a delayed start, with the press heating up just as we’re about to turn our morning alarms off.

** A QUICK PROGRAMMING NOTE- EnterpriseAM Egypt will be taking a break from your inboxes on Sunday-Tuesday next week in preparation for something special to reveal to you all — and we’re confident you’ll think it was worth the disruption. We’ll be back in your inboxes on Wednesday, 17 December.

THE BIG STORY TODAY-

? Dana hits gas in Egypt: Sharjah’s Dana Gas confirmed a new onshore Nile Delta gas find after drilling the North El-Basant 1 exploratory well in Egypt, with initial results pointing to 15-25 bcf of recoverable reserves and expected output of more than 8 mmcf / d once tied to the Egyptian grid, according to a press release (pdf).

The well is the fourth in a series of 11 appraisal and exploration wells planned under the two-year USD 100 mn investment program — aiming to add 80 bcf in recoverable reserves — which earlier delivered three completed wells adding 10 mmcf / d. Dana plans to spud the program’s fifth well in the first week of January, the company said.

The company also recompleted three additional wells outside the current program, bringing another 9 mmcf / d online. Combined drilling and recompletion work is adding some 30 mmcf / d of new production, Dana Gas added.

THE BIG STORY ABROAD-

? The US is making headlines for seizing a large oil tanker carrying Venezuelan crude off the country’s coast yesterday, marking the first known interception of a Venezuelan cargo vessel — which was bound for Cuba — since US President Donald Trump ordered a massive military buildup in the region.

The vessel was carrying approximately 1.8 mn barrels of Venezuelan heavy crude when the US Coast Guard, US Navy, and FBI executed the seizure based on a federal warrant accusing the ship of involvement in smuggling Iranian oil rather than its connection to the Venezuelan government. However, the timing escalates Trump’s confrontation with Venezuelan President Nicolás Maduro, who the US administration accuses of running a narcoterrorist operation.

When asked about the ship’s oil cargo, Trump said “We keep it, I guess.” Venezuela condemned the action as “blatant theft” and “an act of international piracy,” arguing that the true motivation is control of the country’s oil resources. Iran’s embassy in Caracas called it a grave violation of international law.

This is just one of the many recent US assaults on Venezuelan vessels, the previous being strikes that have killed over 80 people since September. The US administration has marked the ships as suspected drug vessels, without presenting evidence. The attacks have drawn legal scrutiny and accusations from Democrats that they may constitute war crimes, particularly after reports of a followup strike that killed survivors. (Reuters | CNN | NYT)


IN BUSINESS NEWS- Oracle shares plunged on weak results and elevated spending plans, tumbling more than 10% in premarket trading today, dragging down AI-related stocks and reviving concerns about massive technology spending on AI infrastructure. The cloud computing giant reported quarterly revenue of USD 16.1 bn, falling short of the USD 16.2 bn analysts expected. More significantly, Oracle raised its capital expenditure outlook for 2026 by USD 15 bn to a total of USD 50 bn, alarming investors already worried about returns on heavy AI investments.

Oracle has become a focal point for investor concerns about AI spending since raising USD 18 bn through a massive bond sale in September and securing a USD 300 bn infrastructure deal with OpenAI. The company plans to raise between USD 20-30 bn in debt annually for the next three years to fund data center construction, according to analyst estimates.

The selloff rippled through the technology sector, seeing Nvidia decline 1.5% in premarket trading, while Microsoft, Micron, and AMD also retreated. The broader market felt the impact, with Nasdaq futures initially dropping 1.6% before recovering some ground. Despite recent losses, Oracle’s stock remains up 34% YTD, though investors have grown increasingly cautious about whether AI investments will generate adequate returns. (CNBC | Bloomberg)

☀️ TOMORROW’S WEATHER- We’re in for mostly cloudy weather tomorrow, with mild daytime temperatures peaking at 22°C, before cooling down to 14°C at night, according to our favorite weather app.

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FOR YOUR COMMUTE

FIFA’s American makeover

? The 2026 FIFA World Cup is shaping up to be the most commercially driven tournament in the competition’s history. Under the leadership of FIFA President Gianni Infantino, the governing body has introduced a series of unprecedented changes that critics say prioritize revenue and US broadcast preferences over the sport’s traditions and the interest of matchgoing fans.

In what many see as a transparent attempt to accommodate US broadcasters, FIFA announced that every match in the 2026 World Cup will feature a mandatory three-minute “ hydration break ” in each half, regardless of weather conditions. The breaks will occur at the 22-minute mark of both halves, effectively dividing the traditional 90-minute match into four quarters. While FIFA claims the measure prioritizes “player welfare,” the timing is suspect, as is the place — the breaks were announced at the World Broadcaster Meeting in Washington DC.

As multiple outlets have noted, the three-minute windows align perfectly with standard commercial break lengths used in US sports broadcasting. “The uniform break in action theoretically creates another ad placement opportunity for Fox, the tournament rights holder,” writes Front Office Sports.

The move gives Fox, the tournament’s US broadcast rights holder, predictableadvertising inventory they can sell at premium prices, converting what has always been continuous action into a format more familiar to US audiences accustomed to NFL-style quarter breaks. “A three-minute slot closely aligns with the standard quarter break of [US] professional leagues. For example, the break between quarters in the NBA is 2 minutes and 30 seconds,” noted FOS.

FIFA has previously only used cooling breaks in extreme heat conditions, such as at the 2014 World Cup in Brazil and during last summer’s Club World Cup. But in 2026, hydration breaks will occur in every match… including those played in climate-controlled domed stadiums. Football fans have been quick to condemn the decision. As one outlet put it, the hydration breaks “fundamentally misunderstand both the sport and its appeal.” Social media reactions were equally scathing, with fans calling it “purely for adverts” and a “disastrous move” that disrupts the rhythm essential to quality football.

In another unprecedented break with tradition, FIFA announced that the 2026 World Cup finale will feature the tournament’s first-ever halftime show — a clear borrowing from the US Super Bowl playbook. Infantino called it “a historic moment for the FIFA World Cup and a show befitting the biggest sporting event in the world,” and, of course, the expected global audience of 2 bn viewers, many of whom are not impressed. The halftime show is uniquely American and is more suited to casual viewers who might tune in once every four years for the spectacle rather than football fans watching for the sport.

FIFA has also announced it will “take over” Times Square in Manhattan for the finals weekend, featuring additional performances and transforming the tournament into an entertainment extravaganza rather than a purely sporting event, and diluting the sport’s traditional intensity and purity, according to fans.

Perhaps no decision better encapsulates FIFA’s new priorities than the creation of a FIFA Peace Prize seemingly specifically to be awarded to US President Donald Trump. On 5 December at the World Cup draw ceremony, Infantino presented Trump with the inaugural award, calling it recognition for “exceptional and extraordinary action of peace” right as the US struck yet another Venezuelan vessel in the Eastern Pacific, killing four, and repeatedly saying that the military will soon begin striking targets inside Venezuela.

Trump openly campaigned for the Nobel Peace Prize earlier this year, but was passed over in favor of Venezuelan opposition leader María Corina Machado. Infantino had publicly stated on Instagram that Trump “definitely deserves” the Nobel. The close relationship between Infantino and Trump is undeniable, with the former attending the US president’s inauguration, bringing the Club World Cup trophy to the White House for Trump to display, and joining him in Egypt for Gaza ceasefire celebrations.

Multiple reports suggest that senior FIFA officials were caught off-guard by the FIFA Peace Prize announcement, learning about it through media reports. Infantino reportedly bypassed the FIFA Council to create and award the prize, according to Politico, with even vice presidents learning about decisions only after they were made.

Fans, FIFA officials, and human rights groups alike condemned the move, with former UN official Craig Mokhiber calling it “truly shameful,” noting the organization’s complicity in failing to act on Israel’s genocide against Palestinians. The advocacy group FairSquare filed a formal ethics complaint against Infantino, accusing him of repeatedly breaching FIFA’s statutory duty to remain politically neutral.

Infantino’s actions position FIFA as “a public relations tool to normalize an increasingly authoritarian US government,” wrote The Nation. And with the 2026 World Cup expected to earn more than USD 10 bn for FIFA, critics argue that Infantino is simply currying favor with a powerful host nation leader who could impact logistics, visas, and other tournament operations, turning the “beautiful game” into a corporate product first and sport second.

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ON THE TUBE TONIGHT

A mystery unencumbered by predictability

? Recent psychological thrillers have been plagued by predictability. Either the perpetrator is identified in the penultimate episode, the twist can be spotted from a mile away, and — nine times out of 10 — all the answers are all but spelled out. All Her Fault, starring Sarah Snook, Dakota Fanning, and Michael Pena is none of those things. The series presents an eight-episode saga that took us by surprise (and shock), veering from the blueprints of today’s narrative fixations.

The series wastes no time, with the opening scene showing Marissa Irvine (Snook) heading to pick up her son, Milo, from a playdate. Marissa is surprised when an elderly lady, Esther (Linda Cropper) opens the door, claiming no knowledge of neither son nor playdate.

Soon enough, police are involved. As the hours pass, Marissa finds herself under scrutiny by both her family, including her husband Peter (Jake Lacy), and the public. Why didn’t she cross-reference the number from which she received the text with the official parent contact list? Why did it take her so long to pick up Milo? Why did she contact a publishing house hours after her son was gone? Perhaps it’s all her doing, and perhaps it's All Her Fault.

All Her Fault’s final act will go down in history — that is all we’ll be able to share sans spoilers. The show, from start to finish, is one long stroke of genius. With exceptional performances — particularly from Snook, Fanning, and Lacy — on-beat pacing, and fully-realized characters, each episode proves a nail-biter. It’s a thriller unlike any we’ve seen recently.

WHERE TO WATCH- You can stream All Her Fault on OSN+. Catch the trailer on YouTube (runtime: 2:24).

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Sports

English Premier League, Intercontinental Cup, and more weekend thrills

We have a packed weekend of crucial matches ahead of us, with football fans everywhere eagerly anticipating fixtures spanning European tournaments and leagues, the Arab Cup, the Egypt Capital Cup, and the Intercontinental Cup.

In the Premier League: Round 16 is kicking off on Saturday with four matches, headlined by Liverpool and Brighton meeting at Anfield at 5pm. The Reds will walk onto the pitch in 10th place with just 23 points, level with the Seagulls, who sit in eighth on goal difference.

This will be Mohamed Salah’s last match with Liverpool before heading to Morocco to join our homegrown team for AFCON — maybe his last match with The Reds ever given the player’s recent comments.

WHERE TO WATCH: BeIN Sports 1.

Stamford Bridge will see Chelsea and Everton meet up at 5pm for a crucial matchup for both teams. The Blues sit fifth with 25 points, and any slip-up could see them tumble into the bottom half of the leaderboard. Meanwhile, the Toffees are enjoying a solid campaign that has found them in seventh place, just one point behind the hosts and two away from the top four.

WHERE TO WATCH: BeIN Sports 4.

Arsenal will be welcoming the Wolves to Emirates Stadium at 10pm, looking to dust themselves off and claim all three points from their bottom-placed rivals. The Gunners still lead the table, but have dropped points recently following two draws and a defeat in the last five weeks, seeing their advantage over the second-place Manchester City shrink to just two points.

WHERE TO WATCH: BeIN Sports 1.

Also in the Premier League:

  • Burnley vs. Fulham (7:30pm).


In La Liga: Barcelona will be facing off against Osasuna at Camp Nou on Saturday at 7:30pm for round 16 of the Spanish league. The Blaugrana lead the competition by four points over Real Madrid, who have claimed just two victories in their last five league matches. They’ll want to extend the gap and add to the pressure on Osasuna, who sit just three points above the relegation zone.

WHERE TO WATCH: BeIN Sports 1.

Also in La Liga:

  • Atlético Madrid vs. Valencia (3pm);
  • Real Mallorca vs. Elche (5:15pm);
  • Getafe vs. Espanyol (10pm).


Top matches we’re tracking across major European leagues, the Europa League, and the Conference League:

  • Utrecht vs. Nottingham Forest (today, 7:45pm);
  • Basel vs. Aston Villa (today, 10pm);
  • Celtic vs. Roma (today, 10pm);
  • Lyon vs. Go Ahead Eagles (today, 10pm);
  • Freiburg vs. Salzburg (today, 10pm);
  • Shelbourne vs. Crystal Palace (today, 10pm);
  • Parma vs. Lazio (Saturday, 7pm);
  • Bayer Leverkusen vs. Cologne (Saturday, 7:30pm);
  • Metz vs. Paris Saint-Germain (Saturday, 8pm);
  • Atalanta vs. Cagliari (Saturday, 9:45pm).


In the Intercontinental Cup: Pyramids will be facing Brazil’s Flamengo in the Club World Cup semifinal at Ahmed bin Ali Stadium at Doha on Saturday at 7pm. Homegrown African champions Pyramids reached the semis after knocking out Asian champions Al Hilal with a 3-1 score, while the Copa Libertadores victor Flamengo beat Mexico’s Cruz Azul yesterday 2-1. The semifinal victor will advance to the final to face European champions Paris Saint-Germain next Wednesday, 17 December.

WHERE TO WATCH: BeIN Sports 2.


In the Arab Cup: The quarterfinals will play out over today and tomorrow. Today, Morocco will be facing Syria at 4:30pm, followed by Palestine taking on Saudi Arabia at 7:30pm. Tomorrow will see Jordan and Iraq meet at 4:30pm and Algeria facing the UAE at 7:30pm. The semifinals will take place next Sunday, 14 December.

WHERE TO WATCH: BeIN Sports Global.


In the Egypt Capital Cup:

  • Al Ittihad vs. Al Masry (today, 5pm);
  • Wadi Degla vs. Petrojet (today, 8pm);
  • Al Ahly vs. Enppi (Friday, 8pm).

This publication is proudly sponsored by

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OUT AND ABOUT

A royal fundraising night with Tamer Hosny

MARK YOUR CALENDAR-

? Pop icon Tamer Hosny is bringing his biggest hits to the Abdeen Palace open air theater for a fundraising concert on Saturday, 20 December. Dress in black tie and formal evening wear for a fully seated night with the star live on stage. Tickets are available on Tazkarti.

HAPPENING THIS WEEKEND-

Cairo Art Book Fair returns at Ghurnata Community Space for a three-day run, kicking off tonight and running until Saturday, 13 December. This year, the special fair is showcasing work by over 90 exhibitors from 27 countries, bringing art books, zines, and experimental publications. The program also includes talks, workshops, book launches, and more for those looking to engage with contemporary art publishing and print culture. Tickets are available on Ticketsmarché.

An Art and Heritage Festival is taking place at Bayt Yakan starting tonight and running until Sunday, 14 December. The program is packed, featuring an art exhibition, a food festival, a documentary screening, art workshops, and a chance to browse through locally made art pieces for sale. For more details, head to Bayt Yakan’s Instagram page.

American singer Brian McKnight is bringing live R&B to the Grand Egyptian Museum tomorrow night, promising an unforgettable night of soulful music against the background of Egypt’s great history — tickets are available on Tazkarti.

The Winter Music Festival isn’t done yet — coming back to Open Air Mall for a third night on Friday, 12 December with a superstar lineup of Wael Jassar, Medhat Saleh, and Bahaa Sultan. This time it’s all about the vocals, the emotion, and a little bit of nostalgia. You can book a spot on Ticketsmarché.

A Boris Eifman Ballet Performance is closing off The Pyramids Echo Festival, showing for two nights on Friday, 12 December and Saturday, 13 December at the New Opera House. The night promises an unforgettable show of My Fair Lady by the St. Petersburg Eifman Ballet. Tickets are available on Tazkarti.

Sheikh Zayed’s Majarrah is hosting a Classical Christmas weekend this Friday, 12 December and Saturday, 13 December. It’s a full-on Christmas affair and a vintage, festive vibe you wouldn’t want to miss — featuring a live jazz performance from Okasha Trio, brush and canvas workshops for both children and adults, an art experience from Quadro, and a cozy winter market.

The Cairo Art Fair returns for its 11th year at TAM Gallery, with a grand opening kicking off tomorrow and Saturday, 13 December. This time the exhibition witnesses a landmark cultural moment with the unveiling of the GEM Art Collection, available for exclusive acquisition. The largest annual celebration for Egyptian contemporary art gathers over 150 local artists and 1.5k+ art pieces, and will be ongoing until Thursday, 15 January.

HAPPENING LATER-

In the mood to party by the Pyramids? On Friday, 19 December, world-famous Dutch DJ and Producer Tiësto is coming back to Egypt for a solo show at the Giza Plateau. Once voted “the greatest DJ of all time,” Tiësto will surely make this upcoming show one to remember. Tickets are available on Ticket Egypt.

Abyusif makes his comeback at the Greek Campus in Downtown Cairo on Friday, 19 December. Expect a high-energy show and a hyped up crowd. Tickets are selling out fast — you can get yours on Ticketsmarché.

Grammy-nominee Ibrahim Maalouf is coming to Egypt as part of his tribute tour, marking the 10th anniversary of his acclaimed album Kalthoum. Catch the Lebanese producer and trumpeter this winter at New Capital’s Concert Hall as he honors the late legend Umm Kulthum on Saturday, 20 December. You can get your tickets now on Ticketsmarché.

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GO WITH THE FLOW

What the markets are doing on 11 December 2025

The EGX30 fell 0.1% at today’s close on turnover of EGP 7.1 bn (34.8% above the 90-day average). Local investors were the sole net buyers. The index is up 41.33% YTD.

In the green: Ibnsina Pharma (+2.6%), Madinet Masr (+2.1%), and ADIB (+1.7%).

In the red: Orascom Construction (-5.5%), EFG Holding (-1.6%), and TMG Holding (-1.6%).


?️DECEMBER

6 December - 15 February (Saturday-Sunday): Cairo Prints at Cairopolitan in Garden City.

7-15 December (Sunday-Monday): El Moristan at AUC Falaki Mainstage Theater.

11-13 December (Thursday-Saturday): Cairo Art Book Fair at Ghurnata Community Space.

11-14 December (Thursday-Sunday): Arts and heritage festival at Bayt Yakan.

12 December (Friday): The Winter Music Festival at Open Air Mall, Madinaty.

12 December (Friday): Brian McKnight at The Grand Egyptian Museum.

12-13 December (Friday-Saturday): Cairo Art Fair opening at TAM Gallery, Abu Rawwash.

12-13 December (Friday-Saturday): Boris Eifman Ballet Performance at New Opera House.

12-13 December (Friday-Saturday): Majarrah’s Classical Christmas Weekend.

12 December - 15 January (Friday-Thursday): Cairo Art Fair at TAM Gallery, Abu Rawwash.

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

19 December (Friday): Sharmoofers at City Garage Live, City Centre Almaza.

19 December (Friday): Abyusif at the Greek Campus.

19 December (Friday): DJ Tiësto at the Giza Plateau.

19-20 December (Friday-Saturday): Athar Lina’s Spend the Day in Khalifa at al-Khalifa Community Centre.

20 December (Saturday): Tamer Hosny Fundraising Concert at Abdeen Palace.

20 December (Saturday): Ibrahim Maalouf at Concert Hall, New Capital.

December: Al Rawi Awards submissions open.

2026

JANUARY

7 January (Wednesday): Coptic Christmas Day.

25 January (Sunday): January 25th Revolution / National Police Day.

30 January (Friday): Cairo Marathon normal registration ends.

FEBRUARY

6 February (Friday): Cairo Marathon at Heliopolis, Merryland Park.

17 February (Tuesday): First day of Ramadan (TBD).

MARCH

20 March (Friday): Eid Al-Fitr (TBD).

APRIL

13 April (Monday): Sham El Nessim.

25 April (Saturday): Sinai Liberation Day.

MAY

1 May (Friday): Labor Day.

26 May (Tuesday): Arafat’s Day.

JUNE

16 June (Tuesday): Islamic New Year.

30 June (Tuesday): June 30th Revolution.

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