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WHAT WE’RE TRACKING TONIGHT

GDP growth comes in at 4.3% in 2Q FY 2024-2025

Good afternoon, friends, and welcome to the almost-weekend. The news cycle is still heating up as we wind down before Eid. In today’s issue you’ll find all you need to know about our accelerating GDP growth, the White House’s latest piling national security blunders, as well as an explanation of why the most challenging tasks seem the most appealing to many of us.

THE BIG STORY TODAY-

GDP growth nearly doubled y-o-y in 2Q FY 2024-2025, coming in at 4.3% y-o-y for the three month period between September and December, up from 2.3% during the same period last year, according to a statement from the Planning and International Cooperation Ministry. The ministry attributes the recovery to a combination of “continued structural reforms aimed at maintaining macroeconomic stability, coupled with stringent governance of public investment that strengthen resilience and support shifting from a non-tradable to a tradable economy,” the statement reads.

THE BIG STORY ABROAD-

National security blunders in the White House are continuing to embarrass the Trump administration, with most of the world’s digital front pages still leading with news that senior officials posted classified war plans for Yemen on a Signal chat group that accidentally included the Atlantics’s editor in chief. Adding insult to injury, are recent reports that the Pentagon had already warned the Trump officials against using the messaging app before the leak, citing its vulnerability to Russian hackers. (Wall Street Journal | Financial Times | New York Times | Guardian | Associated Press)

Legal experts are having a field day counting the numerous violations potentially committed by the officials sharing classified information on the app, including the US Espionage Act and the Federal Records Act as several of the messages were set to disappear after a set timeframe in the app.

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

  • China’s Wu’an Xin Feng inked a USD 1.7 bn agreement with the Madbouly gov’t to build an integrated metal industries complex in Ain Sokhna. The two-phase project will span five years and create 8k direct jobs once complete.
  • Instapay will start charging transfer fees starting Tuesday, 1 April, with transactions incurring a 0.1% fee — between EGP 0.50 and EGP 20. Users will also get ten free balance inquiries a month, after which a EGP 0.50 fee applies.
  • Investors snapped up 92.1% of Beltone Holding’s massive EGP 10.75 bn capitalincrease in the first subscription round. The rights issue — one of the largest in EGX history — will raise the company’s capital to EGP 21.7 bn.

☀️ TOMORROW’S WEATHER- The temperature is reaching its highest peak this week, with tomorrow’s mercury set to rise to 37°C and cool to 24°C at night, according to our favorite weather app.

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FOR YOUR COMMUTE

The ROI of difficulty

While some people run from challenges, some of us will deliberately seek out the hardest tasks at work — volunteering for the projects everyone else sidesteps, tackling complex problems with enthusiasm rather than dread. But the motivation behind this gusto isn’t the paycheck, writes the Atlantic, it’s something hardwired into our brains.

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

Case in point: In the final stretch of South Africa’s blistering Comrades Marathon, the 12-hour mark signifies a cut-off that doesn’t just mean the loss of a medal, but being stricken from the participation record of the 88 km race entirely. And yet every year, almost 20k runners, 4k of which did not finish, flock to participate. This is just one example of what psychologist Michael Inzlicht calls the Effort Paradox — a seemingly irrational tendency to value experiences precisely because they require an almost impossible amount of effort, not despite it.

The economics of effort: Traditional economic models have long positioned excessive effort as an unambiguous negative. From Adam Smith’s belief that “toil and trouble” subtracted from the value we might derive from the outcome in 1776 to Clark Hull’s “law of less work” almost a century later, proposing minimal effort as a kind of universal biological imperative, the common sentiment was that given the same outcome, people — and animals — would invariably choose the path of least resistance.

But our actual behavior tells a different story. In a well-documented phenomenon named the IKEA effect, we have observed that people value identical furniture more highly when they’ve struggled through the assembly process themselves. But this pattern extends beyond Swedish furniture — we hike up mountains when we could take the cable car, struggle through video game puzzles when the answers are a Google search away, and run marathons when we can just… not.

Why? Inzlicht’s research points the finger at several interlocking psychological mechanisms, the first of which is the experiential gap between discomfort of exertion and the pleasure of achievement. The harder something was to do, the more pride you feel having done it. Another — slightly disconcerting — theory is that we’ve conditioned ourselves to enjoy the suffering of hard work by anticipating the subsequent high of completing the task.

Organizational leaders should take note. While these strategies may seem counterintuitive, the Effort Paradox could be applied to how we manage our teams. How? Don’t reflexively eliminate difficulty — properly calibrated challenges can be seen as value added rather than a friction point. Sometimes overcoming the obstacle, not eliminating it, is the point. Reframe how we talk about difficult tasks — rather than apologizing for naturally occurring challenges, highlight to your team how it contributes to their skill growth to cultivate a growth mindset that views difficulty not as evidence of inadequacy, but an essential mechanism of development.

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ON THE TUBE TONIGHT

A dark vision of rural life

? With friends like these, who needs enemies? Zolm El Mastaba takes place in the heart of the Egyptian countryside, in the midst of a raging conflict between two old friends. The friction between them is a reflection of relatable themes of anger, injustice, oppression, and revenge.

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

A bitter reunion: After spending seven years in prison, Hassan (Eyad Nassar) returns from Libya to his village in the city of Damanhour, searching for his friend and partner in his ill-fated journey abroad. Hamada (Fathy Abdel Wahab) had fled, leaving Hassan behind, and taking all the money they had earned together in Libya.

Hassan is surprised to discover that Hamada has become village leader, using his influence and the influence of his brother, Sheikh Alaa (Ahmed Azmy) to his personal advantage. He is also shocked to learn that Hamada has married his longtime love Hind (Reham Abdel Ghafour), catalyzing a journey of revenge.

The strength of this series comes from the character development and the casting. Hamada is an intensely complex character brilliantly portrayed by Abdel Wahab, whose unpredictable emotions exacerbate the already tense drama. Hind’s sincerity and tragedy was heartfelt thanks to an excellent performance by Abdel Ghafour, and Nassar’s presence meticulously conveys the struggles Hassan is experiencing.

The saying Zolm El Mastaba is named after illustrates some of the issues facing rural societies, such as the superstitions and traditions that govern interpersonal relationships, the small tragedies of life in a village where people constantly monitor each other’s private lives, and issues of inheritance theft and domestic violence. These thorny issues are presented in the series without feeling forced or contrived, and fit naturally within the realistic and fast-paced plot.

WHERE TO WATCH- You can find Zolm El Mastaba on WatchIt and Yango Play, or watch the trailer on YouTube (runtime: 1:40).

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EAT THIS TONIGHT

A delicious post-iftar dessert sans the food coma

? At this point in the month, all the desserts are starting to taste the same — but this tropical dish stands out. Voila ’s mango strawberry parfait may not scream Ramadan, but a sweet, light dessert is much needed and much welcomed after a month of heavy, filling desserts.

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

Taste test: A rich layer of brûlée cream crowns the dessert, offering a caramelized sweetness that perfectly complements the chunks of rich Turkish basbousa encased in a coconut purée. The plate is generously filled — and topped — with fresh strawberries and mangoes, which cut the richness of the rest of the ingredients.

Bonus points for presentation. The vibrant colors and arrangement make it a standout at any gathering. The dessert is served (and visible) in a large, elevated bowl, spotlighting the bright layers of fruit, cream, and basbousa.

WHERE TO FIND IT- You can order the strawberry mango parfait for delivery through Voila’s website, or pick it up at one of their many branches in New Cairo, Sheikh Zayed, Obour, Nasr City, Heliopolis, and Mohandessin.

This publication is proudly sponsored by

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Sports

Empty pitches ahead of local and European matches

⚽ The pitches are empty today as the international schedule draws to a close, with local and European leagues scheduled to resume tomorrow, continuing through the weekend.

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OUT AND ABOUT

Rev up your engines

MARK YOUR CALENDAR-

? A regional first for EV and sports car fans: Exotics Show Egypt by EVs Electrify Egypt is set to take place at Cairo International Stadium on Friday, 25 April at 5pm. Touted as the region’s largest showcase of electric vehicles and sports cars, the event aims to spotlight clean energy, environmental awareness, and Egypt’s role in global motorsports. Tickets are available through TicketsMarche.

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

HAPPENING THIS WEEK-

There’s still time to get the quintessential suhoor experience. Layalina x El Baron Palace and Layalina x Pyramids suhoor nights are still taking place everyday at 10pm until Friday, 28 March. If you choose to attend the iconic Pyramids suhoor, your food will be accompanied by a Sound and Light show. Tickets are available through TicketsMarche.

It’s almost eid, laugh a little… Join Weekend Comedy for the Almost Eid Comedy Night on

Friday, 28 March at Soul Lounge, Maadi. The lineup features Ibrahim Seyam, Amgad ElShawshy, Amon, Sin Dee, and Kamatcho. Tickets are available through the link in Weekend Comedy’s Instagram bio.

HAPPENING LATER-

Comedy meets chaos with John Achkar live at Cairo Jazz Club 610. Catch the Lebanese comic on Tuesday, 8 April, as he takes you through the tides of being 30-something and still figuring it all out. Expect laughs, relatable chaos, and some hard truths about marriage, life, and everything in between. Grab your tickets from CJC.

Marwan Pablo takes the stage. The scene-setting rapper will be in concert at the American University in Cairo’s Tahrir Campus for the first time to perform El Moftah, a setlist that follows his journey in life and music. The concert will be held on Thursday, April 10 at 8pm. Tickets are available on TicketsMarche.

Disney On Ice returns to Cairo with Let’s Celebrate. Get ready for a magical experience as Disney On Ice makes its grand return to Cairo with the spectacular show Let’s Celebrate, running from Wednesday, 21 May to Saturday, 31 May. The show will take place at the indoor hall of Cairo International Stadium in Nasr City. Tickets are already selling out, so grab them while you can from Tazkarti.

Don’t miss the second edition of the AUC Tahrir CultureFest: Set to take place from April 10 to April 12 in the Tahrir Square campus, this year’s edition of the festival celebrates Cairo as a global city, and all the cultures from the different parts of the world it brings together, along with food, exhibitions, a book fair, panel talks, and a bazaar. You can request an invitation on the AUC website.

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GO WITH THE FLOW

What the markets are doing on 26 March 2025

The EGX30 fell 0.1% at today’s close on turnover of EGP 3.0 bn (13.4% below the 90-day average). Foreign investors were the sole net sellers. The index is up 6.7% YTD.

In the green: GB Corp (+3.8%), Fawry (+1.6%), and Abu Qir Fertilizers (+1.3%).

In the red: Juhayna (-3.1%), Rameda (-1.8%), and EFG Holding (-1.7%).


MARCH

24-28 March (Monday - Friday): Layalina x El Baron Palace and Layalina x Pyramids.

28 March (Friday): Almost Eid Comedy Night at Soul Lounge, Maadi.

APRIL

1 April (Tuesday): Annual Flower Exhibition at the Agricultural Museum.

2 April (Wednesday): Cairokee at CUBIX, El Gouna.

5 April (Saturday): Parenting conference at Theatro Arkan.

12 April (Saturday): She Can event at Creativa Innovation Hub, Giza.

25 April (Friday): Tamer Ashour concert at ZED Park, Sheikh Zayed.

MAY

3 May (Saturday): Enrique Eglesias at the Rixos Radamis in Sharm El Sheikh.

9 April (Friday): The Grand Show: Omar Khairat at Qubba Palace

21-31 May (Wednesday-Saturday): Disney On Ice at Cairo International Stadium.

30 May (Friday): Adam Port at the New Administrative Capital’s Green River.

OCTOBER

16-24 October (Thursday-Friday): Gouna Film Festival.

30 October - 22 November (Thursday-Saturday): Forever is Now at the Great Pyramids of Giza.

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