Catching waves in Egypt

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THE WEEK IN REVIEW

Inflation numbers have come in + The national dialogue continues next week

Good morning, lovely people, and as always, happy FRIDAY. We hope you’re enjoying these last summer weekends, whether by joining the weekly exodus to Sahel or getting some rest at home.

☀️ THE WEATHER THIS WEEKEND- Surprise, surprise: this weekend will be hot , with today’s highest set to hover around 39°C before dropping to a cooler 24°C at night. Saturday will climb to hotter 40°C and drop to 25°C in the evening, according to our favorite weather app.

Whether you’re in Sahel or heading towards the Red Sea coast, how about taking up some surfing or kitesurfing lessons? In our Enterprise Guide for the week, we break down everything you need to know about getting started with these watersports in Egypt.

Enterprise Weekend comes out each Friday at 9:00am CLT. We’ll be back on Sunday at 6am with EnterpriseAM. Until then: Enjoy the weekend.

LAST WEEK IN 3 MINS- What was a pleasantly calm week ended with some disappointing inflation figures , as food and beverage prices continue to send consumer prices soaring.

ON THE MACRO FRONT-

#1- New record for inflation: Annual urban inflation accelerated again in July, hitting a new record of 36.5% y-o-y during the month, up from 35.7% in June, according to figures from statistics agency Capmas. July’s inflation figures are a new record high, as food and beverage prices continued to underpin the price acceleration during the month, rising 68.4% y-o-y.

#2- Moody’s continues its review for a potential downgrade of Egypt’s credit rating, the agency said yesterday, adding that “the continuation of the review balances progress on the government’s privatization, fiscal, and structural reform agenda against evidence of a further weakening in external liquidity.”

REMEMBER- Moody’s said back in May that a lack of progress on the state privatization program could lead to a downgrade of our credit rating for the second time this year if our external position continues to deteriorate.

Our progress so far: A number of local and Gulf investors have agreed in principle to acquire USD 1.9 bn of state-owned assets under the state privatization program, USD 1.65 bn of which will be paid in FX. The government expects to finalize agreements this month and receive the proceeds by September.

#3- Egypt added another USD 69 mn to its foreign reserves in July : Reserves inched up to USD 34.88 bn in July from USD 34.81 bn in June, according to central bank figures. This is the tenth consecutive month that foreign reserves have seen a modest increase of this scale.

ON THE PRIVATIZATION FRONT-

Heliopark could soon be looking at a new partner: Heliopolis Housing and Development (HHD) could wrap negotiations this month to partner with an anonymous Gulf investor for its Heliopark project. This comes after the company’s board received an offer last month from an unnamed real estate company to co-develop Heliopark.

THERE WAS ALSO SOME DEBT NEWS-

#1- State entities are taking out loans to help patch up our power crisis: State utilities firm the Egyptian Electricity Holding Company (EEHC) and state oil company the Egyptian General Petroleum Corporation (EGPC) are each borrow ing EGP 10 bn from local banks to shore up our power infrastructure and fuel supplies amid our continuing power crisis.

The loans will help support mazut imports and finance power plant maintenance , and come as the country remains in the grip of a power crisis, with the government implementing a schedule of rolling blackouts and other power-saving measures after a heatwave triggered a surge in electricity demand.

#2- Also worth noting: CI Capital closed an EGP 700 mn securitized bond issuance for its micro-financing arm Reefy Microfinance , backed by a portfolio of the micro-lender’s receivables.

AND M&A NEWS-

#1- Beltone is one step closer to acquiring a microfinance player: Beltone Financial received the greenlight from the Financial Regulatory Authority (FRA) to proceed with its acquisition of Minya-based microfinance provider Cash, and is now cleared to begin due diligence.

#2 Egytrans will finalize its NOSCO acquisition in 4Q 2023: The Egyptian Company for Transport Services’ (Egytrans) will finalize its acquisition of 99.9% of the National Transport and Overseas Services Company (NOSCO) through a share swap in 4Q 2023. The acquisition will leave Egytrans shareholders holding a majority 70.17% stake in the merged entity, which will be known as Egytrans NOSCO. The remaining 29.83% stake will be held by NOSCO shareholders.

AND INVESTMENT NEWS-

#1- SCZone is well on its way towards launching an investment arm : The Suez Canal Economic Zone (SCZone) received cabinet approval to set up a joint-stock investment company named SCZone Istithmar. The company will manage the authority’s investments and help establish industrial development and utilities companies that serve the SCZone.

#2- Turkish investors are looking at Egypt: Turkey’s largest state-owned bank and a number of Turkish manufacturers expressed their interest in expanding into the local market. Among the interested parties are Turkish home appliances manufacturer Vestel and conglomerate Zorlu who will soon visit Egypt to explore plans to build a home appliances factory worth at least some USD 70 mn. Other interested parties include Ziraat Bank, Fortune Global 500 investment group KOC Holding, Milat Carpet and Berdan Civata.

#3- Chinese home appliances giant Midea Group launched its USD 25 mn washingmachine factoryin China’s TEDA industrial zone in Ain Sokhna. The Fortune Global 500 company expects to annually produce some 1.5 mn washing machines for export to the Middle East, Africa, the EU, and the US.

O N THE GR EEN ENERGY FRONT- India’s Ocior Energy inked preliminary contracts with the government to set up a USD 4 bn green hydrogen plant in the Suez Canal Economic Zone (SCZone), Yehia El Wathek Bellah, head of the Trade Ministry’s Commercial Representation Authority, told Enterprise. The land for the project has already been allocated, El Wathek Bellah added.

AND FINALLY, IN REAL ESTATE LAND- Cabinet approved draft decisions to give properties unique digital IDs , as well as to help public enterprises more efficiently cut their losses by selling unprofitable assets.

WHAT’S HAPPENING NEXT WEEK-

The National Dialogue is scheduled to resume its public sessions on Sunday , as decided by the Board of Trustees, Gouda Abdel-Khalek, member of the National Dialogue’s Board of Trustees, said, according to Al Masry Al Youm.

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

YOUR MOST CLICKED LINKS-

Kareem El Ghayesh’s fusion BBQ with a Middle Eastern touch in Austin, Texas got plenty of love. (KG BBQ website)
The CBE’s statement on the 100 bps interest rate hike was a popular read at the start of this week. (Statement)
The Suez Canal tugboat that claimed one life after it collided with a Hong-Kong LPG tanker had readers keen to find out more. (Reuters)
Heliopolis Housing’s appointment of a new CEO and managing director alsopulled in readers. (Heliopolis Housing Website)
President Abdel Fattah El Sisi’s sit-down with PM Moustafa Madbouly and CBE governor Hassan Abdallah’s and the cabinet economic group to discuss current macroeconomic conditions and steps that policymakers are taking to achieve economic targets and attract investments was another popular read. (Statement)

AROUND THE WORLD IN SEVEN DAYS-

Improvements in US-China relations got a lot of ink: Earlier in the week, Washington and Beijing announced plans to set up focus groups to work on improving relations, including Asia-Pacific regional contentions and maritime disputes. This illustrates the first step towards progress since US Secretary of State Antony Blinken’s visit to Beijing in June after months deteriorating relations.

Though things are still heated on the tech/trade side: Later on Wednesday, US President Joe Biden signed an executive order aimed at limiting some US investment in “sensitive” Chinese tech. The move is aimed at making sure American resources aren’t inadvertently used to aid China’s military ambitions to the detriment of US national security.

The foreign press was also preoccupied with disappointing macro figures out of China: The nation's poor trade result saw exports dropping to 14.5% y-o-y, while imports dipped 12.4% y-o-y, on the back of difficulties in international trade, the slowing Chinese property sector, and low domestic demand since covid-19 restrictions were lifted. Outlets also took note of China’s consumer price index, which fell 0.3% y-o-y in July, while year-to-date inflation remained at 0.5% — far below the government’s annual inflation target of 3%. The country’s deflationary trend, which comes as many other countries grapple with persistently sticky inflation, was attributed to weaker local consumer demand after lifting covid-19 restrictions.

ALSO GETTING INK- Fresh data showed that July was the hottest month on record, breaking the previous record set in July 2019 with a 0.33°C hike in temperatures, according to the European earth observation agency.

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.

TAP OR CLICK HERE if you want to express interest in attending. We’ll be sending out the first batch of invitations soon.

Do you want to become a commercial partner? Ping a note to Moustafa Taalab, our head of commercial, or fill out this form and we’ll be in touch.

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

LISTEN TO OUR PODCAST-

MISSED THE ENTERPRISE EXPORTS AND FDI FORUM? The EnterprisePodcast has you covered : The Enterprise Podcast’s forum series has been bringing you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum,which took place in May. Throughout, we learned lessons from some of Egypt’s biggest exporters on how Egypt can export its way out of a crisis. We heard everything from how to build an exports and FDI strategy, to identifying a foreign partner and tapping into a global supply chain.

WANT TO LISTEN? Head to: Apple Podcast | Spotify | Google Podcast | Anghami.

IT’S THE FINAL EPISODE- Our final panel of the day was, naturally, the most forward looking. Our panelists discussed how the companies — be they in age-old industries or emerging ones — have adapted to changes to better position their businesses for an uncertain future. We were joined by Nadia El Tawil, investment officer at pan-African private equity firm AfricInvest, Mostafa Bedair , CEO of Giza Seeds and Herbs, and Abdallah Sallam, CEO of Madinet Masr.

OUR FORUM SERIES CONTINUES NEXT SUNDAY WITH THE ENTERPRISE CLIMATE FORUM- Fresh off the heels of a successful COP27, we held our first forum to dive deep into the fundamentals of what we think is the world’s most important industry. The conversations ranged from exploring the business opportunities for Egyptian entrepreneurs, companies and startups in climate, to demystifying green hydrogen, and how we finance our green transition. And we did it all in the Grand Egyptian Museum.

HAPPENING THIS WEEKEND-

Amr Diab x Porto Golf Marina. Amr Diab is hitting Sahel one more time to perform today at Porto Golf Marina, North Coast. You can get your tickets on Tazkarti.

Barbie is finally here. The summer sensation is hitting big screens in Egypt tomorrow, the film distributor announced yesterday. The film has already surpassed the USD 1 bn mark in global box office. You can book your ticket from here.

HAPPENING NEXT WEEKEND-

El Sawy CultureWheel’s annual book fair will kick off on Sunday, 13 August and will continue until Friday, 18 August. The fair will include different events which include discussions, book signings and even cultural competitions.

Get ready to glide

The Enterprise guide to surfing + kitesurfing in Egypt: Water sports in Egypt have proliferated over the past few years, as the temperatures and conditions along both the Red Sea and Mediterranean coast make for perfect grounds for a myriad of sports, from wakeboarding to kitesurfing, and even more recently, surfing. Kitesurfing in particular has exploded in popularity, with tens of competitions taking place on an annual basis and training centers popping up across the countries’ coasts. But for a small, budding population in the north coast, using a surfboard and nothing other than the force of the waves has also grown in its appeal.

Whether you’re in the north coast for the summer, or choose to spend the hot summer days on the Red Sea , there’s plenty to keep you busy — so here’s everything you need to know on how to get started with surfing and kitesurfing in Egypt.

FOR ASPIRING KITESURFERS-

Over the past decade, kitesurfing has exploded in popularity in Egypt. The calm and shallow waters present along much of the Red Sea coastline, as well as consistently strong wind through most of the year, have made the country a hotspot for kitesurfing enthusiasts around the world and given birth to a burgeoning local scene.

International competitions also helped put Egypt on the map as a global kitesurfing destination. Back in 2016, we saw one of the biggest kiteboarding competitions make its way to El Gouna, with 65 competitors from 26 countries battling it out at the World Kiteboarding Championship. This year will see local contests King of the Lagoon take place in Ras Sudr in September and Red Bull’s Wings of Sinai in October in Dahab, according to a Red Bull representative.

What is kitesurfing, exactly? Kitesurfing isn’t so different from sailing, where you utilize wind power to propel yourself or a vessel forwards. With kitesurfing, you’re using a similar mechanism, but instead of a sail, you have a kite suspended 20 meters in the air and in place of a hull is a thin fiberglass or carbon fiber board. Under sufficient wind conditions, your kite traps air and pulls you forward from a harness attached to your waist. Fixing your body at the right position relative to your kite and board allows you to use that momentum to glide over the water without sinking.

What to expect from a beginner course: Beginner kitesurfing courses typically run between 8-12 hours, often broken into several sessions over the course of a few days, depending on weather conditions. A typical course will teach you how to maneuver a kite, how to balance on your board and how to safely navigate in the water. Most centers also offer additional coaching options in case you need them.

When should you do it? As a general rule of thumb, the best time to kitesurf in Egypt is between April and October, when the wind is strongest and water temperatures are the highest. Other factors like tide schedules will also affect your experience, especially in places where the water is already shallow.

WHERE TO LEARN- You can kitesurf pretty much anywhere in the Red Sea but conditions at some locations make it far more pleasant and easier to do so. Dahab, Sharm El Sheikh, Ras Sudr and El Gouna are among the most popular locations to kite, but you’ll find kiters and kitesurfing centers to teach you the ropes all along our coastal areas. Some of the best centers are affiliated with international kitesurfing bodies like International Kiteboarding Organization (IKO) or VDWS, but the affiliation is not required for them to rent gear or teach lessons. Don’t be surprised if you see prices listed in foreign currency; most centers will charge you the EGP equivalent on the day you settle up for your course. Below are some of the best locations, as recommended by avid Egyptian kitesurfers.

Less than two hours away from Cairo is IKO-affiliated Fins Kitesurfing Center in Ain Sokhna . Located on the Sokhna-Zaafarana road, three year old Fins boasts one of the most luxurious facilities on the Red Sea. Eight hour group courses (involving 2-4 people) will cost about EGP 8.7k per person.

Another convenient excursion is Ras Sudr’s Soul, which is by and large one of the most frequented centers on our list. That's because it's relatively close to Cairo and a great place to sharpen your skills without sacrificing your creature comforts. Parties are also common on the weekends, so be prepared to socialize. Eight hour beginner courses at Soul will run you EGP 8.7k.

Heading south? Check out Kite Village Hamata and Wadi Lahami Kitesurfing Center in Marsa Alam to learn to kite among the mangroves at some of the most remote natural landscapes in Egypt. Both centers’ 12 hour-long beginner courses will run you about EUR 500. Kite Village’s courses are led by VDWS-certified instructors.

You can find more luxurious arrangements in El Gouna: Makani Beach Club in Gouna has one of the most lively and upbeat atmospheres compared to other centers in the Red Sea governorate. Beginner group courses at Makani — which require about 2-4 people to complete — will run you EUR 520 per person for 12 hours of instruction. A more laid back option is Kitepower, which blasts music at a slightly lower volume. Group beginner courses at Kitepower will cost you some EUR 540 per person. You also have the option of taking an additional exam to become a VDWS-certified rider at an additional cost of EUR 40.

7 BFT Kite house in Soma Bay is one of the most professional operations you can find: 7 BFT Kite house is known for its rigor and slightly deeper training grounds. Group beginners courses, which include four hours of daily instruction spread out over four days plus two days of equipment rental, will cost some EUR 750. All of BFT’s courses follow VDWS guidelines and offer the option of completing further testing to become VDWS or IKO certified through their facility for an additional EUR 60.

Kitesurfing in Dahab is for catching big airs in the most laid back environment: Head out to Abo Aid Surf camp at Blue Lagoon for a no-distractions kitesurfing experience in one of the most idyllic locations in the country. Blue Lagoon’s consistent year round winds and crystal clear lagoon make it less likely you will encounter dry spells while completing your course. But for that same reason it's also one of the most popular stomping grounds for many of the country’s most advanced kitesurfers, making it a challenging spot to maneuver if you’re just starting out.

If you’re planning on committing and buying your own gear ,check out local retailers Katana Wave and Holix Watersports. New kites range between EGP 16-80k, depending on the size and model. Newer and larger models are typically the most expensive but the brand (and the technology used to construct their kites) also factors into the final price. Boards run from EGP 17-50k and harnesses cost about EGP 6-18k.

If you’ve caught the bug and want to splurge on an adventure try a liveaboard kite safari. A handful of operators like the Wind Seekers and Red Sea Explorers organize week-long kitesurfing safaris at sea, where you get to sail between islands and hard-to-reach kitesurfing spots in the Red Sea.

OVER IN THE NORTH COAST-

While surfing may not be the first thing that comes to mind when thinking of water sports in Egypt , last summer, Egypt became the 17th African country to join the ISA. Long before then, the Egyptian surfing community had been growing since the late 2000’s, with most coming from along the North Coast (Alexandria and Agami specifically), Egypt’s sole surfing training center and ISA member Surf Camp founder Omar El Sobky told us. The most popular surfing spots in the country are along the North Coast, as it provides sandy beaches and consistent swells (Point Break-speak for a long waves that take a while to dissipate) that attract surfers of all levels during the summer, and higher, more intense waves for more advanced swimmers during the winter according to El Sobky.

Surf Camp’s classes are available during the summer at Hacienda Red and Hacienda White , and you can book your class by DMing their Instagram account two days in advance. A beginner course consists of four hour-long classes, according to El Sobky. The first sessions will familiarize you with the terminology, surfing etiquette, paddle techniques, pop-up stances, and turning practice, before moving you to the lagoon for practice sessions. The second session will see you hit the water, learn safe sea entry, advance your paddling techniques, practice your pop-ups, and learn about water safety, while the third will familiarize you with board types, wave formations and balance skills, El Sobky said.

Your last introductory session lets you practice these skills independently , and you can have as many practice sessions as you like with your instructors once you’ve completed the course.

THE PRICE TAG- The full beginner course costs EGP 4.2k to complete, while the practice sessions cost EGP 500 per session for adults, and EGP 600 for kids. The camp does not currently accept card payments, so make sure you have money on you.

SURFING EQUIPMENT- When selecting a surfboard, it's important to consider weight limits, as different boards are designed to accommodate specific weight ranges (ranging from 40kg to 100kg). In addition to a suitable board, surfers also need to invest in a wetsuit, board wax, a board leash, and board fins. You can find this equipment at Decathlon and Holix.

THE PRICE TAG- Surfboards, which are available in various shapes and sizes, can range in price, with an average cost of around EGP 11k.

Watch Statham punch a megalodon on the snout, again + Zamalek’s Bad Jones BBQ has your next brisket sandwich

? AT THE MOVIES-

Meg 2: The Trench ( watch trailer, runtime: 3:03 ), is an absurdly fun, amplified version of its first installment. Statham reprises his role as Jonas Taylor, whose job title seems to have officially become reluctant hero rather than deep-sea diver. In this installment, our hero stumbles upon a mining operation in the middle of the ocean and has to confront the real evil: Humans. The premise isn’t very different from the first movie (man vs nature, and man vs corporate greed), so instead of the movie becoming an exercise in originality, it becomes an exercise in execution.

Director Ben Wheatley’s focus on the plot’s absurdity paves the way for unadulterated entertainment , though we must note: the film is facing character assassination by critics, receiving a mere 28% critics’ score on Rotten Tomatoes. Our take: The cast didn’t seem like they were having as much fun as we expected them to, which took away a bit of the amusement But moments of meta-parody and fun action sequences did make up for the punchy one-liner-dominant script.

WHERE TO WATCH- You can find Meg 2: The Trench in VOX theaters in City Center Almaza and Mall of Egypt, Cairo Festival City cinema, and Citystars cinema.

3alzero (watch trailer, runtime: 2:44) is a Mohamed Ramadan movie with more heart than usual. Don’t be fooled, it is still very much a typical Mohamed Ramadan movie in every sense, but those looking for more substance will find it. Ramadan’s Hamza is the frontman and lead singer-slash-DJ of a Mahraganat band. Single-handedly raising his son after his wife’s passing is made even more challenging when his son is diagnosed with leukemia, his only chance at survival being an impossibly expensive surgery. To save his son, Hamza turns to the organ trafficking trade, hoping to make enough money for his son’s operation.

What could’ve been an emotional exploration of the inaccessibility of healthcare becomes the actor’s typical action flick , though the seasoned cast does elevate the seriousness of the film. DramatistsNelly Karim and Sherif Salama’s performances were quite strong, and helped make up for Ramadan’s seemingly out-of-place shirtless scenes. On the bright side, it’s not difficult to emotionally invest in the plot and grow fond of Ramadan’s on-screen sonYoussef (played by Monzer Mahran), though their dynamic doesn’t differ much from Ramadan’s with his on-screen half-brother in Harley.

The subject matter landed the movie and its writer in hot water , with one lawyer calling for its removal from Egyptian theaters (watch, runtime: 1:16). Writer Medhat El Adl defended his script, denying that it promotes organ trafficking, saying that it merely confronts it.

WHERE TO WATCH- You can find tickets for 3alzero at a reduced price at the Cairo Opera House ’s Hanager Arts Center cinema and the Artistic Creativity Center cinema, or watch it in VOX theaters in City Center Almaza and Mall of Egypt, Cairo Festival City cinemas, and Citystars cinemas.

? FROM THE BOOKSTORE-

Tom Bower’s Revenge: Meghan, Harry and the War Between the Windsors , released last year, picks apart the infamous British royal family feud . The book looks into the accusations of bullying, privacy invasion, and blatant racism that followed Meghan’s arrival into the royal family in 2018, and ultimately led to the famed Megxit. Moving beyond speculation, Bower lends this royal saga — marred with gossip and hearsay — a new allure through his skills as an investigative biographer as he digs through documents, interviews, and unveils a gripping retelling of stories that were little known before.

TAKE IT WITH A GRAIN OF SALT- Bower did face backlash over alleged misleading information , though, Insider reported. Some of his sources accused him of misquoting them or never even having interviewed them in the first place. In addition to lacking a fair evaluation of the dynamics between the royals, his writing is also seen by some as being permeated with “wild malice,” according to the Guardian ’s Catherine Bennett, who reduces his work to nothing more than “tawdry gossip” meant to make a quick buck.

WHERE TO FIND IT- The book is available at Diwan Bookstore.

? HOT AND FRESH OUT OF THE KITCHEN-

Bad Jones BBQ makes a brisket as wicked as its name . Located in Zamalek, this quaint American style barbecue joint offers a range of chicken and beef sandwiches and dishes complemented with their homemade sauces. The restaurant houses only a few tables, so if you’re feeling impatient, try ordering them to your house — in our experience, the sandwiches arrive warm and delicious.

Bad Jones uses Angus beef for the majority of its sandwiches and meals , making for perfectly juicy meat. Their menu also offers chicken — either grilled, braised, or fried — slathered with your choice of their homemade bbq sauce or buffalo sauce. The Angus beef brisket is an easy favorite; the meat is succulent, juicy and is complemented with fresh coleslaw. The Bad Jones Sandwich is another great pick, especially for lovers of caramelized onion.

DISCLAIMER- Just note that they definitely deliver in Zamalek but may have limited delivery services to certain areas, according to Talabat’s delivery network.

? Per person: 200-400

? Outdoor seating: No

?Smoking: No

? Alcohol : No

? Accessibility friendly: Yes

The iconic Dungeons and Dragons makes a return to consoles with Baldur’s Gate 3

2023 is proving to be a good year for Dungeons & Dragons fans. Earlier this year, we reviewed the first DnD movie to ever hit the big screen. Larian Studios now presents this year’s second D&D offering, Baldur’s Gate 3 (watch trailer, runtime: 1:46). If you’ve never heard of the franchise and are surprised to hear that it’s been around enough for a third installment, don’t worry — you’re not out of the loop. The preceding Baldur’s Gate 2 came out 23 years ago, to little success. But Larian Studios marks DnD’s triumphant return to the world of video games, captivating players with a compelling story of fellowship, betrayal, and the allure of absolute power.

Set in the in-game year of 1492 DR , the game follows the protagonist, who finds themselves deliberately infected by an insidious mind-flayer parasite. As the parasite awakens mysterious abilities inside of you, you must choose whether to resist and vanquish the darkness, or to embrace its corruption and become the ultimate evil.

The integration of the tabletop gameplay into the video game seemed like an impossible feat , which is why the franchise remained untouched for so long, but Larian Studios have cracked the code. The tabletop gameplay is masterfully woven into the mechanics of the video game, immersing early fans in a virtual world that closely resembles the thrill and complexity of real D&D sessions with friends.

The reported visual glitches are minor, and don’t impact the game’s otherwise stunning style , its beautiful hyperrealism likened to Legend of Zelda: Tears of the Kingdom. However, it is worth noting that the level progression might feel stingy to seasoned D&D players, and you might still find yourself as a Level Four player 20 hours into the game.

⌛ Hours of gameplay: Estimated at 100 hours

? Platforms: Steam for Windows and MacOS; Playstation 5 starting 6 September; Xbox version upcoming

? Price: USD 59.99 on Steam, with an additional USD 9.99 for the Digital Deluxe Edition DLC; USD 69.99 on PlayStation for the base game, USD 79.99 for the Digital Deluxe Edition

Figuring out the world of finance

Finance for dummies? The Motley Fool Money show is for anyone who needs help making sense of global headlines relating to anything business and finance-oriented. With episodes alternating hosts, we are invited to listen as the panelists and their guests — a team of investment analysts — give us the goods on everything from consumer spending trends, to supply chain friction between China and the US and their repercussions on tech investors, and managing investments amid inflation and rising interest rates. The show is also a useful tool for anyone trying to keep up with “the comings and goings of companies large and small,” one listener said.

Rethinking investment fables: In the “ One Up on Wall Street” Book Club episode, hosts Mary Long and Ricky Mulvey revisit the best-selling book by Peter Lynch — originally published in 1989 — as a means of seeing “where a lot of modern day stock investing philosophy comes from.” While they jokingly refer to it as a "fabled investing book” and a “novel,” they use the book as a starting point to address how to conduct research on a firm beyond its financial statements, guiding listeners on where to find an “edge” for your investments, all while redressing misconceptions about the author’s work.

WHERE TO LISTEN-  You can find this podcast on Apple Podcasts, Spotify, Google Podcasts, Youtube, and the Motley Fool website.

THE ENTERPRISE ENTERTAINMENT CALENDAR

AUGUST

11 August (Friday): Amr Diab Summer Concert, Golf Porto Marina, North Coast.

12 August (Saturday): Massar Egbari concert, El Sawy Culturewheel, Sheikh Zayed, Cairo.

13 -19 August(Sunday-Saturday): El SawyCulturewheelbook fair, ElSawy Culturewheel, Zamalek, Cairo.

21 August (Monday): Akher Zafeer concert, El Sawy Culturewheel, El Zamalek, Cairo.

22 August (Tuesday): Omar Khairat Live Concert, Royal Maxim Palace Kempinski, Cairo.

25 August (Friday): Russ Concert, New Alamein Festival 2023, New Alamein.

SEPTEMBER

21-23 September (Thursday-Saturday) L’Etape Egypt by Tour de France, Sharm El Sheikh

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.

13-20 October (Friday-Friday): El Gouna Film Festival (GFF).

28 October (Saturday): Djs Kygo, Tiësto, Kung and Frank Walker concert, Giza Pyramids.

NOVEMBER

11 November (Saturday): El Gouna Half Marathon 2023, El Gouna.

15-24 November (Wednesday-Friday): Cairo International Film Festival (CIFF).

EVENTS WITH NO SET DATE

2023: The inauguration of the Grand Egyptian Museum.

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