Good afternoon, friends. It’s a quiet Monday afternoon both at home and abroad, save for precious metals as they enter a downward trajectory following a series of historic highs. Also in today’s issue: we take a look at what a Roblox ban means for Egypt’s youth, how Maadi’s residents are taking matters into their own hands, and recap the 2026 Grammys.
THE BIG STORY ABROAD-
🌐 It’s a relatively calm afternoon in the business press, with not many stories making the rounds except for the precious metals crash. Gold and silver prices plunged, sending shockwaves through global stock markets. Gold fell 8% to USD 4.47k per ounce early Monday — down from a record high of USD 5.6k per ounce last week — and is trading at near USD 4.8k per ounce at the time of publication. Silver also saw a drop, following an already-steep 30% sink over the weekend. The impact of the sell-off was palpable, with the Dow Jones and the S&P 500 down 0.4% and Nasdaq down 0.9% at the time of publication.
^^ Read more on Bloomberg, CNBC, and Guardian.
CLOSER TO HOME- The Rafah border between Egypt and the Gaza strip was reopened on Monday to allow movement between both countries. 50 patients, each accompanied by a maximum of two relatives, will be allowed to exit the strip daily, according to Israeli reports cited by the BBC. An estimated 20k wounded Palestinians remain waiting to cross. A daily quota of 50 Palestinians who had left during the war will also be allowed to return.
^^ Read more on the Guardian, Reuters, and the BBC.
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** CATCH UP QUICK on the top stories from today’s EnterpriseAM:
- The Finance Ministry has finalized updates to the central clearing system and is preparing an AI-driven real estate valuation framework as part of the soon to be released second tax reform package;
- The government has officially resumed sugar exports to help local producers clear a massive 1-mn-ton inventory surplus, designed to provide an immediate liquidity injection for state and private factories struggling with high overheads;
- The Transport Ministry is mulling an extension of the Alexandria Metro to New Abu Qir in a bid to integrate the metro system with the fourth Abu Qir–Port Said high-speed railway line. The new metro is also slated to cut travel times along the corridor in half — dropping to just 25 minutes from 50 minutes.
🌤️ TOMORROW’S WEATHER- Layer up, we’re in for another cool day in the capital. Temperatures in Cairo are set to peak at just 22°C before cooling down to 12°C, according to our favorite weather app.




