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Mahmoud Khattab on how to go from a good leader to a great one

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WHAT WE’RE TRACKING TONIGHT

Madbouly government doubles down on customs reform to drive industrial localization

Good afternoon, friends, and congratulations on another week well done. To wrap it up, we have news of a customs tariff revamp in the works on the home front and of Trump’s latest tariffs targeting China. We also sat down with B.TECH founder and CEO Mahmoud Khattab to talk leadership lessons.

THE BIG STORY TODAY-

📍 Finance Minister Ahmed Kouchouk is spearheading a comprehensive review of Egypt’s customs tariffs to accelerate industrial localization and transform Egyptian ports into “industrial and logistical hubs.” Speaking to the Federation of Egyptian Industries (FEI), Kouchouk emphasized that the restructuring is designed to ensure fair competition and encourage the expansion of the transit trade sector, according to a ministry statement.

We knew this move was on the horizon, with senior sources telling EnterpriseAM last year that a study was underway to amend tariffs and reduce “distortions.” In December, Customs Authority head Ahmed Amwi confirmed to us that while some tariffs on finished goods will rise to protect domestic producers, duties on production inputs will be slashed to provide a competitive edge.

Why it matters: This isn’t just about trade — it’s about the surgical alignment of fiscal, tax, and industrial policy. Private sector investment surged 73% last year, while tax revenues grew by 35% without the imposition of new burdens, Kouchouk said. “Our fiscal policies and our tax and customs initiatives strengthen a partnership of trust with the private sector,” he stated, signaling a move toward a more predictable and investor-friendly regulatory environment.

THE BIG STORY ABROAD-

🌐 (xxAA) The Trump administration has imposed a 25% tariff on AI processors sold to China, implementing a deal with Nvidia and AMD that reverses previous export bans in exchange for the government taking a cut of sales. The levy applies to chips like Nvidia’s H200 and AMD’s MI325X that pass through the US before reaching overseas customers. Chips imported for domestic AI development are exempt.

The White House warned broader semiconductor tariffs could follow, while a separate probe into critical minerals may lead to new trade measures on metals like gallium and rare earths within 180 days.

^^Read more on: Financial Times.

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

  • Egypt is one of 75 countries facing an indefinite freeze on US immigrant visaprocessing starting next week. An internal State Department memo first picked up by Fox News says the Trump administration will pause the issuance of immigrant visas for dozens of nations — including Egypt, Iran, and Russia — effective Wednesday, 21 January;
  • Egypt and Libya have resumed talks for a massive increase in the scale oftheir electricity interconnection, aiming to take it from about 150 MW in capacity today to a 2 GW line that could help solve eastern Libya’s chronic electricity problems;
  • The Finance Ministry is in advanced talks with transaction advisors to issue between USD 1-1.5 bn in Eurobonds as early as this month. The ministry is looking to capitalize on a sharp narrowing of risk premiums, with five-year credit default swaps on Egyptian debt falling below 270 bps — their lowest level in six years.

☀️ TOMORROW’S WEATHER- We’re in for another cool weekend, with temperatures in the capital tomorrow set to peak at 21°C before dropping to 12°C, according to our favorite weather app.

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PROFESSIONAL ADVICE

Leadership with: B.TECH’s Mahmoud Khattab

💼 Leadership isn’t something that comes naturally to everyone — it’s a skill that takes time, practice, and yes, the occasional misstep to master. In this new limited-edition EnterpriseAM vertical, we’re asking industry players what makes a great leader. Speaking to us this week is Mahmoud Khattab, founder, chairman, and CEO of B.TECH.

EnterpriseAM: What have you learned about leadership recently that you wish you had learned earlier in your career?

Mahmoud Khattab: I think everything comes in time. This is one of the things that leaders should be aware of: you will never be fully knowledgeable about everything, and you shouldn’t expect that. Throughout your journey, you go through different phases.

A decision you take when the company has 20 people will differ a lot from that same decision when the company has 100 people, or when the company has 5k people. One size does not fit all. Many times people think, “If only I had known this earlier, I would have made a different decision.” Decision-making isn’t a textbook. What to do and what not to do, how to act here and how to act there — many things make a difference. Economic conditions matter, the nature of competition matters; everything matters. What I didn’t know yesterday was not meant to be known yesterday.

E: What do you think the difference is between a good leader and a great leader?

MK: How your team feels about you, and how accountable you hold yourself. Know that you’re always responsible for the decisions you make, and that blame never falls on your team. You will make mistakes, leaders are human at the end of the day.

The key is how you learn from your mistakes and not being too proud to admit you were wrong. Great leaders also don’t get overexcited when they succeed. Many people stop at a certain level of success and think they’ve conquered the world.

E: Would you say that being self-critical is the trait of a great leader?

MK: It’s very important to criticize your own thinking and decisions all the time, but not to the extent that it hinders you. Some people think they should take all the time in the world, but by the time you take the decision, the train will have left. You’re still deciding between booking the aisle seat or the window seat while the train has moved on.

E: What do you do when you have to make a decision that many of your team members don’t agree with?

MK: As a leader, you have a 360-degree view of everything, sometimes your team isn’t aware of the bigger picture — they all have their angles. However, that doesn’t mean you should always oppose your team, especially when all of them voice concerns with a certain decision — ego is what kills a leader. Though if every time you take a decision and you find that your team opposes you, then perhaps you should start questioning if this is the right team.

E: If a conflict arises within your team, how do you usually navigate that?

MK: The minute I hear there is a conflict, I never listen to each party individually — I bring them together. X and Y each have a point of view? Come sit at my table. You do one of two things: either you both come up with an agreed-upon course through discussion, or you will remain in this state of conflict. It’s either consensus or I make the call.

E: Was there ever a time where you feel like you failed as a leader? Perhaps made the wrong move and realized it much later?

MK: Definitely, I’ve made many wrong moves. I still do. But true failure is failing to realize that it’s a wrong move, not taking corrective action, or living in denial. That hasn’t happened. I’ve made wrong decisions, but I always tried to spot them as early as I can, learn from them, and not be ashamed to say, “That was a wrong move, I’m sorry, I didn’t calculate it right, let’s correct it.”

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ON THE TUBE TONIGHT

An apocalyptic drama-turned-parental nightmare

📺 How would the world react in the face of a world-ending natural disaster? That’s what Korean sci-fi Netflix original The Great Flood, starring Kim Da-mi and Squid Game’s Park Hae-soo, explores. As well as other things we didn’t expect.

When a meteor strikes Antarctica, sending a great flood across the planet, Anna and her son Ja In struggle to escape before being contacted by United Nations officials who inform her of a plan to extract her. Anna is one of few scientists researching the “emotion engine” — an AI project working to instil human emotions into humanoid bots. With the planet now nearing extinction, Anna’s project may be what prevents it. But there’s a catch: Anna is being rescued without her son.

The Great Flood is a movie that took us by surprise. With stellar production, visuals, and commendable performances from the entire cast, it delivers a timely message: is AI our salvation, or our doom? The Great Flood explores motherhood, humanity, and what it means to leave the world behind. The movie isn’t your typical disaster film — there are greater forces at play, which we’ll refrain from diving into to avoid spoilers.

WHERE TO WATCH- You can stream The Great Flood on Netflix. Catch the trailer on YouTube (runtime: 2:04).

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Sports

This weekend: The Pharaohs and Nigeria fight for bronze + Premier League action

The Pharaoh’s qualification dreams kissed goodbye: Egypt lost to Senegal in yesterday’s highly-anticipated AFCON 25 semifinal fixture, with Sadio Mané scoring the lone goal in the second half. Meanwhile, Morocco defeated Nigeria on penalties, setting up a final showdown against Senegal this coming Sunday.

The Pharaohs are now preparing to face Nigeria in the third-place playoff. The match will take place on Saturday at 6pm and will be broadcast on BeIN Sports MAX 1.

Today’s fixtures

On the homefront: Al Ahly and Tala’ea El Gaish will face off at 5pm in the League Cup, while Zamalek takes on Al Masry at 8pm. Both matches will be broadcast on ON Time Sports 1.

En España: Barcelona faces Racing Santander at 10pm in a Copa del Rey standoff — with streaming available on the MBC Shahid app. Last night, Real Madrid was knocked out of the tournament after a 3-2 loss to Albacete.

Tomorrow’s fixtures

It’s an action-packed Friday in France, where PSG takes on Lille in Matchweek 18 of Ligue 1. The match is set to kick off at 10pm, and will be broadcast on BeIN Sports 1.

Saturday’s fixtures

Aside from Egypt vs. Nigeria fighting for third, we’re it on for another Super Saturday packed with Premier League Matchweek 22 fixtures.

The Manchester Derby: City faces United at 2:30pm, with the Citizens walking onto the pitch in high morale, aiming to close the six-point gap with league leaders Arsenal. A W for the Red Devils could provide a massive morale boost for the fans and a team that has struggled with poor form and bad luck recently. The match will be broadcast on BeIN Sports 1.

Also on our radar:

  • Liverpool vs. Burnley (5pm) — BeIN Sports 1;
  • Sunderland vs. Crystal Palace (5pm) — BeIN Sports 5;
  • Chelsea vs. Brentford (5pm) — BeIN Sports 3;
  • Tottenham vs. West Ham (5pm) — BeIN Sports 6;
  • Leeds United vs. Fulham (5pm) — BeIN Sports 4;
  • Nottingham Forest vs. Arsenal (7:30pm) — BeIN Sports 1.

Other major European league fixtures on our radar:

  • Real Madrid vs. Levante — La Liga, watch on BeIN Sports 2 (3pm);
  • Inter Milan vs. Udinese — Serie A, watch on Starzplay (4pm);
  • RB Leipzig vs. Bayern Munich — Bundesliga, watch on MBC Action (7:30pm);
  • Cagliari vs. Juventus — Serie A, watch on Starzplay (9:45pm).

This publication is proudly sponsored by

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Mark Your Calendar

Catch Mogzz live

🎭 Popular youtuber-comedian Eyad El Mogy, aka Mogzz, is bringing his humor live to the Hilton Cairo Grand Nile with an encore of his El Sabt El Momtaz special on Saturday, 31 January. Tickets are available on Ticketsmarché.

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GO WITH THE FLOW

What the markets are doing on 15 January 2026

The EGX30 rose 0.7% at today’s close on turnover of EGP 4.8 bn (11.7% below the 90-day average). Local investors were the sole net sellers. The index is up 3.6% YTD.

In the green: CIB (+3.4%), ADIB (+3.2%), and Eastern Company (+1.9%).

In the red: GB Corp (-4.8%), EFG Holding (-4.0%), and Egypt Aluminum (-3.3%).


🗓️ JANUARY

12 December – 15 January (Friday-Thursday): Cairo Art Fair at TAM Gallery, Abu Rawwash.

21 December – 18 January (Sunday-Sunday): The Stadium at District 5.

12 January – 31 March (Monday-Tuesday): Al Rawi Awards submission period.

15 January (Thursday): Winter Music Festival II: Tamer Hosny at Open Air Mall, Madinaty.

15-16 January (Thursday-Friday): Umm Kulthum Musical at Movenpick’s The Theater, 6th of October City.

16 January (Friday): Amr Diab concert at Al Manara Arena.

16 January (Friday): Hamid El Shari ft Andy Cheiko at CJC 610.

16 January (Friday): Ain Gamal Vol.56 at Theatro Arkan.

21 January (Wednesday): Black Theama x Wust El Balad at CJC 610.

21 January – 3 February (Wednesday-Tuesday): Cairo International Book Fair.

22 January (Thursday): Tablet El Sitt in Downtown at Hilton Cairo Grand Nile.

22-24 January (Friday-Thursday): El Sett Art exhibition at Cinema Radio.

23 January (Friday): Cairo International Book Fair opening ceremony.

23 January (Friday): Saad Eloud at Hilton Cairo Grand Nile.

23 January (Friday): Hany Shaker at Theatro Arkan.

23 January (Friday): Amr Selim at Cairo Opera House, Zamalek.

24 January (Saturday): Mahmoud Rodaideh at CJC 610.

25 January (Sunday): January 25th Revolution / National Police Day.

30 January (Friday): Cairo Marathon normal registration ends.

31 January (Saturday): Eyad El Mogy: El Sabt El Momtaz – The Last Dance at Hilton Cairo Grand Nile.

FEBRUARY

6 December – 15 February (Saturday-Sunday): Cairo Prints at Cairopolitan in Garden City.

6 February (Friday): Cairo Marathon at Heliopolis, Merryland Park.

11-15 February (Wednesday-Sunday): Animatex at AUC Tahrir Square.

17 February (Tuesday): First day of Ramadan (TBD).

MARCH

20 March (Friday): Eid Al-Fitr (TBD).

APRIL

13 April (Monday): Sham El Nessim.

25 April (Saturday): Sinai Liberation Day.

MAY

1 May (Friday): Labor Day.

26 May (Tuesday): Arafat’s Day.

JUNE

16 June (Tuesday): Islamic New Year.

30 June (Tuesday): June 30th Revolution.

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