Word of the day: Fatigability

Monday, 8 May 2023

Word of the day: Fatigability

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Today at a glance

What We're Tracking Today

We’re one week out — here’s who to expect at the Enterprise Exports and FDI Forum.

The Big Stories Today

SFE + B Investments launch a new pharma company in partnership with El Ezaby + Khazna and Benya Group plan USD 250 mn data center.

FOR YOUR COMMUTE

The linguistics of being tired.

ON THE TUBE TONIGHT

The Diplomat: A behind-the-scenes look at the US government’s diplomacy.

Sports

Premier League clubs are fighting against relegation + Egypt Cup’s Round of 32 continues.

Under the Lamplight

A visually appealing tale of growing up between France and post-Islamic Revolution Iran.

FOR YOUR COMMUTE

Gen Z is all about the side hustles.

WHAT WE’RE TRACKING TONIGHT

THIS EVENING: SFE + B Investments launch a new pharma company in partnership with El Ezaby + Khazna and Benya Group plan USD 250 mn data center

Good afternoon, ladies and gentlemen. It may just be the knowledge that it’s the first full workweek in recent memory, but we’re finding it hard to believe that it’s only Monday, especially as the news cycle here at home picks up pace.

We’re only one week away from meeting with some of you at the Enterprise Exports and FDI Forum, taking place at the Four Seasons at the Nile Plaza on Monday, 15 May.

We’re proud to announce that our friend Abdallah Sallam, CEO, Madinet Masr, is joining us for the forum. Are you? Abdullah Sallam is going to be speaking on the new industries Egypt can leapfrog into and claim a global spot. He is joined on stage for that discussion by Mostafa Bedeir, CEO of Giza Seeds and Herbs, and Nadia El-Tawil, investment officer at Africinvest who will discuss what are the export-based businesses of the future that can be a magnet for FDI.

They’re not the only ones: Among the top execs, bankers, and development finance folks speaking at the conference are: Tarek Kamel, CEO of Nestle Egypt; Omar Elsahy, general manager of Amazon Egypt, Khaled Morsy, CEO of DB Schenker Egypt; Mark Wylie, CEO, Beyti; Shady William, managing director of IDG; Mohamed Talaat Khalifa, CEO of Concrete; Hossam Sallab, CEO and vice-chairman of Sallab Group and Royal Ceramica; Kareem Abou Ghaly, chairman and CEO of Pasta Regina; Tarek Hosny, head of investments and projects at Fertiglobe; Helmy Ghazi, deputy CEO of HSBC Egypt; Nada El Ahwal, CSO of Transmar; Hassan Massoud, associate director and head of private equity (Southern Mediterranean), European Bank for Reconstruction and Development (EBRD); Hossam Abou Moussa, partner at APIS; Yassir Zouaoui, partner at McKinsey; and Mohamed El Gebely, Team Leader at USAID Trade.

Topics and live interviews will include:

Why exports and FDI are the way forward and what lessons have worked from around the world;
How to attract foreign partners and figure out what they are looking for;
What lessons can we draw from white goods, fertilizers, and garments exporters who have increased our exports;
What are the fundamentals to creating an export and / or FDI strategy;
What it takes to secure a place in a multinational’s supply chain.
How industrial clusters could expedite exports, FDI and possibly be an avenue for SME development;

For the full agenda please click here.

** Have you confirmed your attendance? Invitations have been sent out over the past few weeks. If you have yet to confirm your attendance and would still like to join us, please reply to the invitation with an RSVP.

WANT TO BECOME A COMMERCIAL PARTNER? Ping a note to Moustafa, our head of commercial, here.

THE BIG STORIES TODAY

#1- SFE + B Investments launch a new pharma company in partnership with El Ezaby: The Sovereign Fund of Egypt’s health and pharma fund is launching a new pharma company, EZ International, in partnership with El Ezaby Pharmacy, according to a joint press release (pdf).

#2- Abu Dhabi-based Khazna and Benya Group are planning to build a USD 250 mn data center in Maadi Technology Park, after the three sides signed an MoU today, according to a GAFI statement. The center is expected to have an IT load capacity of 25 GW.

THE BIG STORY ABROAD

It’s a very mixed bag in the international business press this afternoon. Among the stories getting front-page play:

Russia’s energy sector hit as Kremlin forced to increase tax (Financial Times)
Why Elon Musk is building two old-fashioned company town in Texas (Wall Street Journal)
Oil’s sharp slide has surprised markets. But some traders now see a bottom for prices (CNBC)
Turkish Lira volatility is world’s highest a week before vote (Bloomberg)

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

Lynx announces partnership with Dentons Global Advisors-ASG: Egyptian consultancy Lynx Strategic Business Advisors has entered a “strategic affiliation” with global strategic advisory firm Dentons Global Advisors — Albright Stonebridge Group.
JPMorgan is the latest investment bank to warn of the consequences of delaying reform: Further delays to currency and structural reforms will ramp up liquidity pressures and raise questions about the sustainability of Egypt’s debt, analysts at JPMorgan wrote in a note last week.
Violence continues as peace talks enter third day: Clashes between the Sudanese Army and paramilitary Rapid Support Forces (RSF) continued yesterday as representatives from both sides continued “pre-negotiation talks” in Saudi Arabia.

? CIRCLE YOUR CALENDAR-

The Sandbox Festival is coming up this weekend in El Gouna, with the three-day music festival kicking off on Thursday, 11 May and wrapping up on Saturday, 13 May. You can check out the full lineup and book your pass here.

Cairo Fashion Week also kicks off this weekend, starting from Friday, 12 May through to Monday, 15 May.

☀️ TOMORROW’S WEATHER- Expect the mercury to inch up again tomorrow to peak at 30°C, with a nighttime low of 18°C, our favorite weather app tells us.

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B Investments Benya Group Khazna Sovereign Fund of Egypt WHAT WE’RE TRACKING TONIGHT

FOR YOUR COMMUTE

The linguistics of being tired + Gen Z is all about the side hustles

“Fatigue” vs. “fatigability: The importance of language in understanding and treating patients with neurological conditions: There’s a difference between fatigue — defined as individuals’ subjective feeling of weariness or exhaustion — and “fatigability” — the objective decrease in a person’s performance over time, according to a study (pdf) published earlier this year in the Journal of Neuroscience. The study found that the subjective perception of fatigue, not the objective level of physical exertion, is correlated with motor skills: As perceived fatigue increases, motor skills actually improve, and vice versa.That is, participants who reported being more tired during the first test, performed better in the second one.

What does this mean? Mental and motor fatigue cannot be lumped together, chiefly because they are “managed” by different parts of the human brain — and they can often “compete for cerebellar resources,” the study, carried out by Johns Hopkins University researchers, shows. While the findings are limited, they offer insight into how the body regulates itself when tired: Better motor control when experiencing more fatigue could mean that the body is defending itself against potential harm or threats.

50 shades of tired and how to overcome them. Researchers say that when experiencing fatigue, it is recommended to avoid certain activities like learning new information and instead engaging in “pacing” strategies — or ways to conserve your energy — and simply taking a break.

The side hustle: Gen Z proves it’s not a lazy generation: Around 40% of Gen Z workers are taking on more than one job, as they look to increase their income streams and work on more passion projects, a survey by Kantar found. A combination of hybrid working, generational shifts, and an uncertain economy have the younger generation hungry for a more fulfilling career, according to the BBC.

It’s not just about money, though: While Gen Z employees are currently at the beginning of their professional careers — which means their career paths are far from set in stone, and their income levels are likely at the lower end of the spectrum — many young workers are taking on side jobs as a means of personal growth and skills development, the BBC notes. “Passion projects mean those at the beginning of their careers can explore and test interests and ideas beyond the dominant pathway of their career trajectory – they serve as a way for young people to find value,” a Carnegie Mellon University assistant teaching professor said.

The changing world of work is more accommodating: Work structures have seen several changes over the past few years, which include employers becoming increasingly accepting of their workers' side hustles and the benefits they bring — including employees acquiring experiences and deepening skills set to reinvest in their daily jobs.

Tags:

FOR YOUR COMMUTE health office life

ENTERPRISE RECOMMENDS

The Diplomat: A behind-the-scenes look at the US government’s diplomacy

? ON THE TUBE TONIGHT-
(all times CLT)

A glimpse into the world of international relations: Netflix’s The Diplomat, which premiered last fall, is based on the life of the US’ current ambassador to the UN, Linda Thomas-Greenfield. The series follows Thomas-Greenfield’s meteoric rise to prominence in the diplomatic world, tracing her career from her early days as a foreign service officer to her appointment as the US Ambassador to Liberia. Through her posts in various parts of Africa and beyond, she has developed a reputation among diplomatic circles as a skilled and savvy diplomat, adept at navigating complex political landscapes to advance US interests. The Diplomat offers a behind-the-scenes look at how the US government responds to global events, providing viewers with a glimpse into the world of diplomacy and international relations.

⚽ The fight against relegation is on in the Premier League: Tenth place Fulham hosts Leicester City, which is in 16th place with 30 points, at 5pm. Meanwhile, Brighton plays against Everton (19th in the league with 29 points) at 7:30pm, and Nottingham Forest (18th place with 30 points) meets Southampton (bottom of the league with 24 points) at 10pm.

Here at home, the Egypt Cup’s Round of 32 continues today:

Enppi v La Viena (6pm)
National Bank v Shoban Qena (6pm)
Arab Contractors v Al Hammam (9pm)
El Masry v Asyut Petrol (9pm)

? OUT AND ABOUT-
(all times CLT)

The Zawya Shorts film festival continues with the screenings repeated until this Wednesday, 10 May. The festival features short films from Egyptian filmmakers and producers from across the country. You can book tickets here.

The annual Flower Exhibition — which is typically held at the Orman Gardens — is taking place at the Agricultural Museum in Dokki on Saturday, 13 May. The exhibition will run for one month.

Dive into Egypt’s infinitely rich contemporary art world: The “Traces of Egypt” Exhibition began in late March and will continue until Thursday, 15 June, at the Grand Egyptian Museum. The exhibit is organized by Egyptian-German artist Susan Hefuna and celebrates the country’s Khayamiya tradition through 28 dresses celebrating local artisans and their craftsmanship.

Expressionist depiction of Egypt’s rural communities: Artist Omar Abdel Zaher’s latest art exhibition, Roots, opened at Safarkhan Art Gallery last week and runs through Wednesday, 24 May. The exhibition is “a sincere, impassioned exploration and meditation on the modest and down-to-earth sanctities of Egypt’s rural communities.”

Back to the Cairo Opera House: Egypt’s iconic Omar Khairat will be performing next Wednesday, 10 and Thursday 11 May, starting 8pm. The concerts are expected to run through until 11pm at the historical venue’s Main Hall.

Who else has a 40-year roster of songs to choose from at a concert? Catch Amr Diabperforming some of his biggest hits — old and new — at AUC on Friday, 12 May. Tickets are available through Tazkarti.

Start training for your next half marathon: The TriFactory is hosting another edition of itsMadinaty Half Marathon on Friday, 9 June at Madinaty. You can sign up for the event through the TriFactory website.

? UNDER THE LAMPLIGHT-

The CompletePersepolis by Marjane Satrapi: A rebellious teenager tells the story of Iran’s upheaval and her experience as a young immigrant in the West. Divided into two parts and set between post-Islamic Revolution Iran and France, this funny graphic novel starts from Satrapi’s youth as a child of Marxist parents studying in a French private school in Tehran. Through the visually appealing medium, Satrapi gives us a glimpse into the day-to-day lives of the citizens living in the Islamic country. From the marches that led to the overthrow of the Shah, the trickling loss of power to the Islamic regime, to the restrictions on private life that Iranian citizens continue to grapple with today. Look for her experience of the Iran-Iraq war, her uncle that eventually finds himself in the clutches of the regime, her efforts to smuggle Michael Jackson’s latest tape (remember those?) to her final act of rebellion at school that forces her parents to sent her to study in the West to protect her from arrest. The beauty of the novel is its juxtaposition of her life growing up as she tries to normalize her experience as a child alongside the political turmoil overturning her country, and eventually shows the obstacles she faced as an immigrant.

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GO WITH THE FLOW

What the markets are doing on 8 May, 2023

The EGX30 rose 2.4% at today’s close on turnover of EGP 2.12 bn. Local investors were net buyers. The index is up 20.9% YTD.

In the green: Abu Qir Fertilizers (+9.4%), AMOC (+7.3%) and Qalaa Holdings (+5.6%).

In the red: Ibnsina Pharma (-2.3%), and Juhayna (-0.7%).

Tags:

EGX Go with the Flow

THE ENTERPRISE ENTERTAINMENT CALENDAR

MAY

6-20 May (Saturday-Saturday): Film Society Festival for Egyptian Cinema.

12-15 May (Friday-Monday): Cairo Fashion Week.

JUNE

10 June (Saturday): Thanaweya Amma examinations begin.

28 June-2 July (Wednesday-Sunday): Eid El Adha (TBC).

30 June (Friday): June 30 Revolution Day.

JULY

18 July (Tuesday): Islamic New Year.

20 July (Thursday): National holiday in observance of Islamic New Year (TBC).

23 July (Sunday): Revolution Day.

27 July (Thursday): National holiday in observance of Revolution Day.

SEPTEMBER

26 September (Tuesday): Prophet Muhammad’s birthday (TBC).

28 September (Thursday): National holiday in observance of Prophet Muhammad’s birthday (TBC).

OCTOBER

6 October (Friday): Armed Forces Day.

13 October- 20 October (Friday-Friday): The sixth edition of El Gouna Film Festival (GFF).

EVENTS WITH NO SET DATE

2023: The inauguration of the Grand Egyptian Museum.

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