Good morning, friends, and happy Friday. We hope you had a restful Eid break with loved ones, and that you're feeling energized and fully ready to ease into post-holiday work mode.
The sudden shift from carefree vacation mode back to the daily grind can be challenging, but you can beat it to the punch. Scroll down for some practical tips on how to go back to the office refreshed and ready to face the day.
LAST WEEK IN 3 MINS-
Trade-
US President Donald Trump has imposed a 10% tariff on Egyptian exports to his country, part of a universal 10% tariff, alongside steeper tariffs on other trading partners. The sweeping move impacted more than 180 countries and territories, as Trump vowed to liberate the country from what he described as the “looting, pillaging, and raping” of the American economy by other countries. The US slapped China with a 34% tariff, taking the total levy on Chinese exports to the US to 54%, the EU with 20%, Vietnam with 46%, Taiwan with 32%. You can find the full list of tariffs in this thread here.
Economy-
Egypt received USD 1.2 bn from the International Monetary Fund (IMF) following the fourth review of its USD 8 bn loan program with the fund, the cabinet spokesperson Moahmed El Homsani said in a statement yesterday.
WHAT’S HAPPENING NEXT WEEK-

French President Emmanuel Macron is set to begin his visit to Egypt on Sunday evening, meeting with President Abdel Fattah El Sisi on Monday and attending the Egyptian-French Business Forum. Macron will also travel to Al Arish city in North Sinai on Tuesday to meet with humanitarian workers and show his support for ceasefire efforts in Gaza.
State statistics agency Capmas is expected to publish March's inflation data on Thursday, 10 April. Annual headline urban inflation plunged 11.2 percentage points to 12.8% in February, marking its lowest level in almost three years on the back of a favorable base year effect.
Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.
AROUND THE WORLD IN SEVEN DAYS-

The massive impact of US President Donald Trump’s tariffs on global markets has dominated global front pages in the past two days, along with analysis into his questionable calculation for the tariffs — which target the poorest countries based on trade deficits, while failing to account for other factors like affordability of goods — as well as contradictory statements regarding whether or not he’d be open to negotiation. He said — contradicting his White House aides — that he could be open if other countries offered something “phenomenal.”
US stocks wiped out some USD 3.1 tn in market value yesterday in the steepest declines the indices have seen since March 2020 during the early days of covid-19. The tech-heavy Nasdaq lost 6%, pulled down by the likes of Apple and Nvidia, which continued to see heavy sell-offs, while the S&P 500 fell nearly 5%, and the Dow Jones lost 4%. Europe’s Stoxx 600 closed 2.7% lower, while the UK’s FTSE 100 fell around 1.7%, and German, French and Italian markets lost 3%.
Meanwhile, the USD fell 1.3% to its lowest in six months on the back of concerns over US growth projections and inflationary pressures.
Get Enterprise daily
The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.
☀️ THE WEATHER THIS WEEKEND-
Enjoy the moderate weather in the capital today and tomorrow before we enter a hot and dusty spell starting Sunday. Expect highs of 26°C and lows of 16°C today, with much similar temperatures forecasted for tomorrow, according to our favorite weather app.
HAPPENING THIS WEEKEND-
Don’t miss 100 Years of Singing with Ali El Haggar on the large stage of the Cairo Opera House in Zamalek. The concert will take place on Friday, 4 April at 8pm. You can find tickets on Tazkarti.
HAPPENING NEXT WEEKEND-
Don’t miss the second edition of the AUC Tahrir CultureFest: Set to take place from 10 April to 12 April in the Tahrir Square campus, this year’s edition of the festival celebrates Cairo as a global city, and all the cultures from the different parts of the world it brings together, along with food, exhibitions, a book fair, panel talks, and a bazaar. You can register on the AUC website or at the door for no charge.


