Good morning, folks: Presenting the soundtrack to this morning’s issue. Yes, it’s that quiet.
It’s not just us: Other than the kerfuffle in Israel, the global press is crickets this morning, with some of the most-read stories being a discussion of Who ges to wear G-strings now?(New York Times), Kylian Mbappe’s USD 333 mn offer to join Saudi Arabia’s Al-Hilal(Bloomberg), and the launch of OpenAI boss Sam Altman’s not-even-remotely creepy “Worldcoin” crypto project(Reuters).
The QAnon nutters are going to have a blast with this one: To get a Worldcoin “World ID”, you’ll need to stare — in person — into a bowling-ball-sized silver orb to prove you’re a human and not a robot…
THE BIG STORY HERE AT HOME on this very hot morning- How many more sweaty 5ams do we have to endure? Officials will hold a press conference either today or tomorrow to offer a bit more clarity on the power crisis that has seen rolling blackouts become a daily feature of life across the country over the past week. That’s according to Amr Adib, who commented on the situation on El Hekaya last night ( watch, runtime: 3:07). More on this in Last Night’s Talk Shows, below.
Missing from the ministry’s policy toolkit: The ‘pray for colder weather’ strategy. The ongoing wave of extreme heat is still showing few signs of abating, with the country’s official weather forecaster now predicting the mercury to stay at current levels at least until Friday, when the temperature in the capital could fall to 36°C.
Our favorite weather app begs to differ, serving up a 14-day forecast that sees temps in the 40-44°C range as far as the eye can see. The only “respite” (if you can call it that) could come on Sunday and Monday, when the mercury is forecast to dip to 39°C. When it comes to daytime highs, we trust the app more than any other source.
From the Department of the Obvious: El Niño isn’t fake weather news . The record temperatures seen across the world this month have coincided with the re-emergence of the warming El Niño climate pattern in the eastern Pacific in recent weeks.
How does this affect Egypt, you ask? We talk to climate scientists to find out how the weather phenomenon will impact Egypt’s water security and coastal areas in this morning’s Going Green, below. Be sure to check out Enterprise Climate’s recent two-parter, which looked at the regional implications of El Niño: Part 1 | Part 2.
DATA POINTS-
#1- Flights rise in 1H 2023: The number of flights coming and going from Egypt h as jumped almost 30% to 191k during the first six months of 2023 from the same period last year, according to figures shared by the Civil Aviation Ministry last week.
Planes are fuller (or larger) (or both) : We’ve seen a 43.5% year-on-year increase in passengers in the same period, with some 23.2 mn arrivals, the ministry said.
#2- Port container traffic is up: Red Sea ports handled some 3.5 mn tons of general cargo during 1H 2023, up 15% from the same period last year, the Red Sea Ports Authority said yesterday.
ALSO HAPPENING TODAY-
The National Dialogue is back for the first time since taking an extended break before Eid. The two sessions to be held this week, today and on Thursday, will focus on political and social issues, and will see participants work to come up with legislative recommendations to submit to President El Sisi, Emad El DIn Hussein, a member of the dialogue’s board of trustees, said in a televised interview on Saturday ( watch, runtime: 9:02). The dialogue kicked off in May, holding three weekly sessions discussing political, economic, and social issues.
How long is the dialogue going on for? How long is a piece of string? Officials haven’t given any indication on how many sessions will be held or when the process could wrap.
AND- Sudanese opposition groups are in Cairo: The Forces of Freedom and Change Alliance — a coalition of civilian political parties that participated in the protests that ousted Omar Al Bashir and tried to end the country’s ongoing military rule — kicked off a two-day meeting in Cairo yesterday to discuss how to bring an end to the civil war in Sudan.
PLUS- It’s Fed week: The Federal Reserve will kick off its two-day policy meeting today. For more on what analysts and the market expect the central bank to do, check out this morning’s Planet Finance, below.
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THE BIG STORIES ABROAD-
Israel has the front pages of the Western press to itself this morning after lawmakers voted th rough divisive judicial reforms proposed by Netanyahu’s coalition of far-right parties. The bill, which will increase the government’s powers over the Supreme Court, easily cleared the legislature yesterday after opposition parties boycotted the vote. With escalating protests, expectations for widespread strikes, and apparent divisions within the military, the international press is full of talk of constitutional crises and existential threats to the country. The pick of the bunch: A Financial Times op-ed by Yuval Noah Harari, who argues that “the future of the country is on the line.” ( Reuters | Bloomberg | Financial Times | Wall Street Journal | New York Times | Washington Post)

CIRCLE YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 September at the St. Regis Hotel in Cairo. This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy.
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*** It’s Going Green day — your weekly briefing of all things green in Egypt: Enterprise’s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.
In today’s issue: El Niño is here — and Egypt will not be spared.





