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Why you need to toot your own horn

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WHAT WE’RE TRACKING TONIGHT

FinMin to launch 49 tax and customs reforms to boost investment

Good afternoon, friends, and Ramadan kareem. Ramadan hours are kicking off tonight, with retail shops, malls, restaurants, and cafés staying open until 2am. In today’s issue, we discuss why it’s important to show off at work, review a “Great American Novel,” and recap all the footie fixtures hitting our screens tonight.

THE BIG STORY TODAY-

📍 The Finance Ministry is preparing to roll out a sweeping package of 49 tax and customs reforms designed to catalyze capital markets and drive both foreign direct investment (FDI) and portfolio inflows, five government sources told EnterpriseAM. Set to take effect in the upcoming fiscal year, the package represents a fundamental pivot toward a more predictable and investment-friendly fiscal framework.

The government aims to boost tax revenues by 1-2% of GDP within three years by expanding the tax base rather than hiking rates, our sources told us. The goal is to raise the tax-to-GDP ratio to 15-16%, bringing Egypt in line with middle-income peer averages from its current position of 12.5%.

As part of the amendments, the ministry plans to overhaul the tax treatment of gains on unlisted shares during acquisitions. The new mechanism aims to better reflect long-term acquisition costs by indexing them to inflation.

^^ Read more details on this story in tomorrow’s edition of EnterpriseAM.

THE BIG STORY ABROAD-

🌐 Following an extended AI-driven sell-off, global shares steadied this morning as investors were reassured by early earnings reports from private software companies. Firms like McAfee, Rocket Software, and Perforce Software reported solid annual revenues. Gains in defence and mining stocks also advanced the STOXX 600 by 0.8% to a record high. Wall Street futures rose 0.6% and the pan-European index is on track for a third consecutive day of gains.

^^Read more on Bloomberg and Reuters.

Elsewhere in the business press, Meta announced a new agreement with Nvidia to use Nvidia chips in its AI data centers. Shares of both companies jumped during Tuesday’s extended trading. Meta has been using Nvidia’s graphics processing units for almost a decade, and the expanded partnership will bolster Meta’s push to “deliver personal superintelligence to everyone in the world,” CEO Mark Zuckerberg said in a statement.

^^Read more on CNBC.

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

  • FinMin is moving beyond simple debt reduction toward a structural overhaul of the local bond market, with the finalized public debt strategy aiming to aggressively lengthen average maturities, slash interest costs, and bring the debt-to-GDP ratio down;
  • The gov’t is getting ready to offer up several large-scale hotel and residential projects along the Nile that could significantly change the face of the city. A recently approved plan will see significant changes along 11 km of the Nile and in bordering areas in Maadi and Dar El Salam;
  • Tanmiya Capital Ventures is looking to deploy roughly USD 100 mn over the next two to three years. Following the USD 130 mn close of its second fund in December 2024, the PE firm has already notched two plays and is hunting for four more mid-cap successes.

☀️ TOMORROW’S WEATHER- Ramadan is off to a breezy start in the capital, with temperatures set to peak at a high of just 21°C and a low of 12°C, according to our favorite weather app.

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FOR YOUR COMMUTE

Why you need to start tooting your own horn at work

📣 The concept of employee value has been facing quite the test as of late, and in today’s AI-obsessed workplace, being humble at work no longer cuts it. As tech advancements threaten jobsecurity, proving you deserve your role feels more pressing than ever, which is to say, it’s time to start tooting your own horn, as The Wall Street Journal (WSJ) puts it.

Likening career advancement to a popularity contest, WSJ notes that keeping a “brag book” close at hand is the way to go. The days of understating your accomplishments are over — if anyone asks about your career, you need to have a ready-made record of professional achievements to flaunt. External judgments do matter, and when companies are striving for more efficiency, they look to their employees for evidence of success.

From USD bn conglomerates to grassroots startups, it’s happening everywhere. Tech giant Amazon, which laid off 16k workers this month, recently asked its employees to submit three to five examples of their best work, a move that echoes the Department of Government Efficiency’s (DOGE) demand that state workers list their accomplishments… orresign. So, whether you’re dealing with a performance review, in the middle of a promotion cycle, simply networking or job searching, your smartest tactic is to march to the beat of your own drum and make sure everyone hears it.

The brag book

When it comes to crafting a strong resume, a brag book is indeed your greatest asset. Recruiters now increasingly use software to scan for keywords. When your resume includes detailed accounts of your impact, you have a better chance of being noticed and considered for the job. Keeping such an exhaustive list of your successes may also mean asking for recognition. As potentially uncomfortable as it sounds, asking your managers to praise your performance isn’t just about bragging rights, it’s about maintaining a record.

If you’re an overloaded manager who has to juggle performance reviews and promotion cycles, presenting an overview of your key achievements makes your job easier. Even though you might have had a standout run a few months back, your manager might need a reminder when recency bias sets in.

Just as AI is threatening our employability, we now find ourselves seeking out friction in our lives — proof that we exist, and we matter. Friction-maxxing — as The Cut puts it — makes the argument for “building up a tolerance for inconvenience,” a notion now taking shape amid the all-encompassing culture of convenience.

Why convenience might cost you your job

When we let AI do all the work for us, we’re dismissing our value. In-person meetings have given way to easier and more frequent video call meetings. Automated note-taking and auto-generated email replies have quietly seeped into our workflows, all in the name of AI productivity. But is it actually making us more productive?

AI-overdependence hits our critical thinking. Outsourcing your whole intellect leads to what researchers call “cognitive atrophy” — a gradual decline in cognitive function that involves the loss of neurons and connections in the brain. But even if we manage to preserve our mental sharpness, friction and difficulty remain a “constitutive feature of human experience,” according to The New York Times.

This tension is playing out in the job market — and in how employee value is being recognized. Just when job-hunting seemed hard enough, frictionless tech has made it harder for both recruiters and applicants alike. Tools that allow job seekers to apply to hundreds of jobs with an easy click have flooded recruiters with volume, making it harder for both sides to find the right match. Friction, as it turns out, is a valuable element for job matching — and job retention.

(** Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

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Under the Lamplight

Freedom is a quintessential American novel

💡 Jonathan Franzen’s 2010 modern classic, Freedom, makes a case for The Great American Novel. Following the success of his 2001 novel, The Corrections, Franzen’s Freedom was met with similar widespread acclaim and was hailed by some critics as “the Great American Novel.” This contemporary work provides an astonishing portrayal of American life in all its absurdities and complexities, calling into question the very notion of American freedom.

Trouble in suburban paradise: Franzen drops us into Ramsey Hill in St. Paul, Minnesota, where we meet the Berglund family. A vivid, crowded picture of a gossipy, judgmental neighborhood comes into focus, with Patty, her husband Walter Berglund, and their children Jessica and Joey at its center. Patty stands out as a talk-of-the-town presence, an ideal neighbor who is friendly with everyone but has no real friends.

Franzen introduces his characters in small, gossip-laden vignettes — brief, witty, vivid portraits. As the plot unfolds, it becomes clear that none of them is meant to be particularly likable — nor are we meant to root for any of them. Everyone in Ramsey Hill holds opposing views, is affiliated with different political groups, and seems self-absorbed. Certain figures receive page-long tirades, and those most entangled with the Berglunds appear more frequently and more critically in the community’s chatter.

As the Berglunds pursue freedom — or the illusion of it — they make terrible choices, harming themselves and others. The novel is engrossing — somewhat hefty, but it flies by thanks to its bustling pace and expansive range. You’ll be surprised by how relatable it feels, and by how Franzen dismantles the ideal picture of America.

WHERE TO FIND IT- You can get the eBook on Amazon and Kobo.

This publication is proudly sponsored by

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Sports

Champions League action on our radar tonight

The first-leg matches of the UEFA Champions League Playoff Round continue today with four fixtures:

  • Qarabağ FK vs. Newcastle United — 7:45pm, beIN Sports 3;
  • Bodø/Glimt vs. Inter Milan — 10pm, beIN Sports 1;
  • Olympiacos vs. Bayer Leverkusen — 10pm, beIN Sports 3;
  • Club Brugge vs. Atlético Madrid — 10pm, beIN Sports 4.

The Gunners in the Premier League: Arsenal faces Wolverhampton Wanderers today in Matchweek 31 of the English Premier League. Arsenal is looking to secure all three points to widen the gap with second-placed Manchester City.

This follows a setback in their last outing, when the Gunners were held to a draw by Brentford, narrowing their lead over City to just four points. The match kicks off at 10pm, airing on beIN Sports 5.

Other major European league fixtures on our radar:

  • Levante vs. Villarreal — La Liga, 9pm, beIN Sports 3;
  • AC Milan vs. Como — Serie A, 9:45pm, Starzplay.
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Mark Your Calendar

Join Qahrawya’s “Iftours” this Ramadan

🌙 Fancy a Qahrawya walking tour this Ramadan? The Cairene tour agency just announced its special “Iftour” calendar for the month, offering five walking tours in the heart of Cairo paired with Ramadan iftars. The tours will run from Saturday, 28 February, to Wednesday, 11 March, and will take place in Zamalek, Al Khalifa, Al Mounira, and other areas across the city. You can book your spot through the link in their Instagram bio.

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GO WITH THE FLOW

What the markets are doing on 18 February 2026

The EGX30 rose 0.8% at today’s close on turnover of EGP 8.8 bn (43.4% above the 90-day average). International investors were the sole net sellers. The index is up 24.9% YTD.

In the green: Raya Holding (+12.5%), Beltone Holding (+6.4%), and Misr Cement (+6.4%).

In the red: Oriental Weavers (-0.8%), Heliopolis Housing (-0.7%), and CIB (-0.7%).


🗓️ FEBRUARY

19 February (Thursday): First day of Ramadan.

27-28 February (Friday-Saturday): Ramadan on the Farm at Hazel Farm.

28 February – 11 March (Saturday-Wednesday): Qahrawya Iftours.

MARCH

21 March (Saturday): Eid Al-Fitr.

27 March (Friday): Wegz at the PUBG Mobile anniversary carnival, the Great Pyramids of Giza.

APRIL

2 April (Thursday): Hany Shaker at Theatro Arkan.

13 April (Monday): Sham El Nessim.

25 April (Saturday): Sinai Liberation Day.

MAY

1 May (Friday): Labor Day.

26 May (Tuesday): Arafat’s Day.

26 May (Tuesday): Andrea Bocelli at the City of Arts and Culture in the New Administrative Capital.

JUNE

16 June (Tuesday): Islamic New Year.

30 June (Tuesday): June 30th Revolution.

JULY

23 July (Thursday): July 23rd Revolution 1952.

AUGUST

25 August (Thursday): Prophet Muhammad’s Birthday.

OCTOBER

6 October (Tuesday): Armed Forces Day.

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