{"id":550768,"date":"2022-04-26T12:59:26","date_gmt":"2022-04-26T12:59:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=550768"},"modified":"2025-12-15T23:08:43","modified_gmt":"2025-12-15T23:08:43","slug":"its-another-ma-kinda-day","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/its-another-ma-kinda-day\/","title":{"rendered":"It\u2019s another M&#038;A kinda day"},"content":{"rendered":"<section id=\"550770\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"550770\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TONIGHT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/this-evening-welcome-palm-hills-developments-to-enterprisepm-swvl-to-purchase-turkish-firm-volt-lines-elon-musk-buying-twitter-is-the-talk-of-the-town\/\">\r\n                            THIS EVENING: Welcome Palm Hills Developments to EnterprisePM + SWVL to purchase Turkish firm Volt Lines + Elon Musk buying Twitter is the talk of the town                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/this-evening-welcome-palm-hills-developments-to-enterprisepm-swvl-to-purchase-turkish-firm-volt-lines-elon-musk-buying-twitter-is-the-talk-of-the-town\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/this-evening-welcome-palm-hills-developments-to-enterprisepm-swvl-to-purchase-turkish-firm-volt-lines-elon-musk-buying-twitter-is-the-talk-of-the-town\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/this-evening-welcome-palm-hills-developments-to-enterprisepm-swvl-to-purchase-turkish-firm-volt-lines-elon-musk-buying-twitter-is-the-talk-of-the-town\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=THIS EVENING: Welcome Palm Hills Developments to EnterprisePM + SWVL to purchase Turkish firm Volt Lines + Elon Musk buying Twitter is the talk of the town&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/this-evening-welcome-palm-hills-developments-to-enterprisepm-swvl-to-purchase-turkish-firm-volt-lines-elon-musk-buying-twitter-is-the-talk-of-the-town\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/this-evening-welcome-palm-hills-developments-to-enterprisepm-swvl-to-purchase-turkish-firm-volt-lines-elon-musk-buying-twitter-is-the-talk-of-the-town\/&title=THIS EVENING: Welcome Palm Hills Developments to EnterprisePM + SWVL to purchase Turkish firm Volt Lines + Elon Musk buying Twitter is the talk of the town\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=THIS+EVENING%3A+Welcome+Palm+Hills+Developments+to+EnterprisePM+%2B+SWVL+to+purchase+Turkish+firm+Volt+Lines+%2B+Elon+Musk+buying+Twitter+is+the+talk+of+the+town+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F26%2Fthis-evening-welcome-palm-hills-developments-to-enterprisepm-swvl-to-purchase-turkish-firm-volt-lines-elon-musk-buying-twitter-is-the-talk-of-the-town%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/this-evening-welcome-palm-hills-developments-to-enterprisepm-swvl-to-purchase-turkish-firm-volt-lines-elon-musk-buying-twitter-is-the-talk-of-the-town\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550770\" class=\"content-area-description single-story post-550770 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-elon-musk tag-enterprisepm tag-swvl tag-twitter tag-volt-lines tag-what-were-tracking-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good afternoon, wonderful people, and happy would-be hump day.<\/strong> Although days off are typically best when they\u2019re not during Ramadan, we\u2019re not exactly complaining that we have a shortened workweek before we jump into the Eid holiday next week.<\/p>\n<p><strong>*** We are also delighted to welcome aboard our friends at Palm Hills Developments this<\/strong><strong> afternoon, who are joining us as a pillar sponsor of EnterprisePM <\/strong>alongside Etisalat Misr. PHD's generous support \u2014 alongside that of all our other sponsors \u2014 helps ensure that your favorite read remains available to you without charge each workday.<\/p>\n<p><strong>SO, WHEN DO WE EAT?<\/strong> You\u2019ll be breaking your fast at 6:29pm CLT this evening in the capital city, and fajr prayers are at 3:43am.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>It\u2019s shaping up to be another M&A-led news day:<\/strong> Cairo-born mass transit firm Swvl is continuing its buying spree, announcing <a href=\"https:\/\/www.prnewswire.com\/news-releases\/swvl-expands-further-in-europe-with-acquisition-of-volt-lines-turkeys-leading-provider-of-tech-enabled-mass-transit-solutions-301531809.html\">on Monday<\/a> an agreement to purchase Turkish firm Volt Lines in what would be the company\u2019s fourth acquisition in eight months. The transaction could value Volt at almost USD 40 mn, should it reach its earnout targets in the next two or three years, Swvl CFO Youssef Salem told Enterprise.<\/p>\n<p><strong>Separately, Saudi sovereign wealth fund subsidiary the Saudi Seventh Investment Company has purchased another 6.5% stake (65 mn shares) in Rameda Pharma<\/strong> for EGP 135.2 mn, raising its total stake to 11.01%, Rameda said in an <a href=\"https:\/\/ent.news\/2022\/4\/%D8%B1%D8%A7%D9%85%D9%8A%D8%AF%D8%A7-%D8%A7%D8%AE%D8%B7%D8%A7%D8%B1-%D8%A8%D8%B9%D8%AF-%D8%A7%D9%84%D8%AA%D9%86%D9%81%D9%8A%D8%B0-26-04-2022.pdf\">EGX disclosure (pdf)<\/a> today.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>Tesla CEO Elon Musk\u2019s <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f5018b4b-ea8e-4953-89a5-58d74fcaa37b\">takeover of Twitter<\/a><\/strong><strong> is dominating headlines in the global<\/strong><strong> business press this afternoon<\/strong>, after the company\u2019s board agreed to a USD 44 bn offer for a full acquisition of the platform, which he said had \u201ctremendous potential\u201d that he would unlock. With more skepticism than praise, <a href=\"https:\/\/www.washingtonpost.com\/technology\/2022\/04\/26\/twitter-value-elon-musk\/\">the Washington Post<\/a> suggests that the world\u2019s richest person might have bought the social media platform to protect his perception of free speech as he repeatedly criticized Twitter\u2019s content moderation policies. Musk wants the platform that is important for governments and politics, despite it performing worse than its peers with fewer users and lower revenues, WaPo says.<\/p>\n<hr class=\"grey-line\">\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Egypt <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/37c6713c-597a-4ba6-adb3-ab0228f7231c\">signs green energy agreements<\/a><\/strong><strong>:<\/strong> EDF Renewables will build a USD 3 bn facility to produce green fuel for ships alongside local firm ZeroWaste and the Sovereign Fund of Egypt (SFE), while AlNowais\u2019 AMEA Power will partner with the SFE and other government agencies to establish a facility to produce green ammonia. A consortium of Emirati renewable energy company Masdar and Hassan Allam Utilities will also build green hydrogen plants that can produce up to 480k tons of green hydrogen a year.<\/li>\n<li><strong>US conglomerate Honeywell is looking to invest around USD 200 mn in petrochemicals and the production of green fuels<\/strong> for aircraft in Egypt, the company\u2019s North Africa head Khaled Hashem <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/17ab764a-2d1f-42df-91c4-eb29616b5662\">said in a meeting<\/a> with Oil Minister Tarek El Molla.<\/li>\n<li><strong>S&P and Fitch Ratings <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7ebacaaf-4b38-4309-a61f-6d49a7cfa430\">have both affirmed<\/a><\/strong><strong> Egypt\u2019s BB and B+ credit ratings with a stable outlook, despite surging food and energy prices<\/strong> caused by the war in Ukraine putting pressure on the country\u2019s finances. The agencies attributed their affirmed outlook and rating to the government\u2019s policy response and the likely influx of external support.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>PSA #1- It looks like we\u2019ll be celebrating Eid Al Fitr starting Monday, 2 May<\/strong>, according to a <a href=\"https:\/\/www.facebook.com\/NRIAG2\/posts\/1661290627570693\">statement<\/a> from the National Research Institute of Astronomy and Geophysics. There should be an official announcement from Dar Al Iftaa on 29 Ramadan.<\/p>\n<p><strong>Reminder: <\/strong>Cabinet has declared all of next week off for the public sector, while the private sector is on holiday just Sunday-Tuesday. <strong>Friends outside of Egypt: <\/strong>Expect plenty of folks here in Omm El Donia to bridge the week.<\/p>\n<p><strong>PSA #2- All-night Tahajjud prayers are back<\/strong> from 27 Ramadan until 30 Ramadan (that\u2019s this coming Thursday-Sunday), the Awqaf Ministry announced in a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/388995959937497\">statement<\/a>. Tahajjud prayers were <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8980ecbc-a193-449c-a2a0-eaefe5c43983\">banned<\/a> last year.<\/p>\n<p><strong>PSA #3- Businesses have less than a week to submit their corporate tax returns.<\/strong> Companies with financial years ending 31 December have to file their returns by Saturday, 30 April.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect a daytime high of 35\u00b0C and a nighttime low of 17\u00b0C tomorrow, our favorite weather app tells us.<\/p>\n<hr class=\"grey-line\">\n<p><strong>*** WE\u2019RE LOOKING FOR SMART, TALENTED PEOPLE to join the team and help us build<\/strong><strong> some very cool new things.<\/strong> Today, we run two daily publications, five weekly industry verticals, a monthly newsletter \u2014 and we have tons more in the pipeline. We offer the chance to work in a fast-paced newsroom on a broad range of topics and in a variety of formats. Our goal is simple: <strong>To create value for our growing community of >199k readers by telling stories that matter.<\/strong><\/p>\n<p><strong>Enterprise is currently in the market for the following positions:<\/strong><\/p>\n<p><strong>Senior editors who will manage a team of reporters on our current and future editions.<\/strong> Candidates should have at least three years of experience in journalism and a minimum of one of those should have been spent as an editor \u2014 but we would deeply value someone with at least five years of work experience. Strong knowledge of Egypt and the region, a demonstrated interest in business \/ finance, and people management skills are musts.<\/p>\n<p><strong>Seasoned reporters to join our team and create stories that fascinate and inform our readers.<\/strong> Applicants should have serious English-language writing chops, a strong interest \u2014 and preferably some professional experience \u2014 in business \/ finance or business journalism, and solid analytical skills. You\u2019ll be expected to pitch stories and take assignments, as well as develop leads into full-blown stories. Reporters should be fluently bilingual, though exceptional unilingual (English) candidates may apply.<\/p>\n<p><strong>We have a preference for Egyptian nationals<\/strong> but will consider international applicants.<\/p>\n<p><strong>Are you a career switcher?<\/strong> Investment bankers, lawyers and other folks trained to be analytical and tell stories do well with us. If you want out of the rat race, consider us an offramp.<\/p>\n<p><strong>Interested in applying?<\/strong> To apply for the editor \/ reporter positions, please submit your CV along with 2-3 writing samples and a solid cover letter telling us a bit about who you are and why you\u2019re a good fit for our team. Please submit all applications to jobs@enterprisemea.com.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/elon-musk\/\">Elon Musk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/swvl\/\">Swvl<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/twitter\/\">Twitter<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/volt-lines\/\">Volt Lines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"550771\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"550771\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/550771\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550771\" class=\"content-area-description single-story post-550771 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class=\"web-image\"><a href=\"https:\/\/palmhillsdevelopments.com\/OurDevelopments\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/CLeo-enterprise-1600px-02-1.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"550772\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"550772\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">FOR YOUR COMMUTE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/staycations-at-fancy-apartments-and-villas-are-outdoing-luxury-hotels-employees-who-work-from-home-may-have-to-give-up-their-sick-days\/\">\r\n                            Staycations at fancy apartments and villas are outdoing luxury hotels + Employees who work from home may have to give up their sick days                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/staycations-at-fancy-apartments-and-villas-are-outdoing-luxury-hotels-employees-who-work-from-home-may-have-to-give-up-their-sick-days\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The upshot: It\u2019s not regular Airbnbs that are getting more attention. Popular rentals often include gyms, private cinemas, smart home devices, and even the services of personal attendants, butlers, and chefs. The uptick in demand (even during peak covid) has pushed several firms across the region, mostly in the UAE and Saudi Arabia, to enter the premium holiday homes business in recent years, as these rentals don\u2019t carry the same risks as hotels. Traditional hotel names have joined in on the trend, with Marriott launching Homes & Villas by Marriott International, which now boasts rental homes in over 100 destinations.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Companies are reluctant to approve sick days for employees who work from home<\/strong>, suggesting that technology allows them to continue work from their sick beds, writes the Financial Times in a <a href=\"https:\/\/www.ft.com\/content\/bc9e39ce-8762-4e70-8aa2-2e33b23b80fe\">feature story<\/a>. As remote work becomes more normalized, management is underlining the importance of digital \u201cpresenteeism,\u201d making workers hesitant to ask for time off when they\u2019re feeling unwell. In 2020, the UK saw a record low in the number of sick days employees took despite the pandemic. The figure dropped to 1.8% of working hours lost due to sickness absence compared to 3.1% in 1995. Similar sentiments were seen in <a href=\"https:\/\/www.studyfinds.org\/americans-working-remotely-sick-days\/\">the US<\/a> and <a href=\"https:\/\/nbloom.people.stanford.edu\/sites\/g\/files\/sbiybj4746\/f\/wfh.pdf\">China<\/a>, studies find.<\/p>\n<p><strong>It\u2019s up to management to communicate that health needs to be prioritized<\/strong>, the FT writes. Policies related to sick leaves are only effective if they are properly communicated to staff. Meanwhile, managers must recognize that allowing employees to work while unwell is counterproductive and damaging to employee engagement.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/work-from-home\/\">Work from home<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"550774\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 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stk-bh8f2yl-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240928.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.beltoneholding.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27484.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Where disruption meets success<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-ekao5l2\" data-v=\"4\" data-block-id=\"ekao5l2\"><div class=\"stk-column-wrapper stk-block-column__content 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/520.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"520.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/520.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/520.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550775\" class=\"content-area-description single-story post-550775 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-recommends-2 tag-eat-this-tonight tag-enterprise-recommends tag-enterprisepm tag-on-the-tube-tonight tag-sports wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Netflix\u2019s hit series <\/strong><strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/80211627\">Russian Doll<\/a><\/strong><strong>is finally back with a second season<\/strong>, in which we are reintroduced to Nadia (Natasha Lyonne), three years after she was stuck in a surreal time loop after her 36th birthday turns fatal. The first season of the comedy-drama hit followed Nadia, who ends up in a Groundhog Day-type situation on the night of her birthday, at the end of which she dies. In trying to solve the mystery and get out of the mortality loop, Nadia meets Alan Zaveri (Charlie Barnett), who is in the same situation. The new season of the series sends Nadia on a time-bending ride, discovering where her past and present cross paths.<\/p>\n<p>\u26bd<strong>It\u2019s Champions League night, and all eyes will be on Manchester City v Real Madrid<\/strong> at Manchester\u2019s Etihad Stadium for the first leg of the UEFA Champions League semi-final at 9pm.<\/p>\n<p><strong>Locally, we\u2019re up for three games at 9pm:<\/strong> Al Mokawloon v Alexandria\u2019s Ittihad, Al Bank Al Ahly v Eastern Company, and Ismaily v Enppi.<\/p>\n<p><strong>? <\/strong><strong>EAT THIS TONIGHT- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>New Cairo\u2019s sohour spot <\/strong><strong><a href=\"https:\/\/www.facebook.com\/taghmisa\/\">Taghmisa<\/a><\/strong><strong> has going strong this year<\/strong>, with a fresh and more modern take on Ramadan tents. Located at the Arabella Country Club, Taghmisa promises a unique sohour with authentic Ramadan vibes, thanks in no small part to a tannoura performance and the Hasaballah brass band. But more importantly than the entertainment: Their freshly baked bread is a must-have with all the other options off the menu, whether it\u2019s their variety of fuul, eggs, or cheese dishes. End your sohour with a zalabice: Fried zalabya dough with your choice of Nutella or Lotus, topped with a scoop of vanilla ice cream.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><strong>Catch <\/strong><strong><a href=\"https:\/\/www.facebook.com\/Flamenca.Cairo.official\/\">Flamenca<\/a><\/strong><strong>\u2019s tunes at <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/574790100650084\/?ref=newsfeed\">Room New Cairo<\/a><\/strong> tonight at 9pm tonight for some tunes mixing flamenco and latin music with an oriental twist.<\/p>\n<p><strong>Or you can attend Ahimsa-hosted<\/strong><strong><a href=\"https:\/\/ahimsa-egypt.com\/ola\/services\/tannoura-workshop-every-sunday-tuesday-at-10-30-pm\">Tannoura workshop<\/a><\/strong> at 10:30pm.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>So what exactly is the Metaverse?<\/strong> Venture capitalist Matthew Ball tries to explain the blanket term through his book: \u201c<a href=\"https:\/\/www.goodreads.com\/en\/book\/show\/59064518-the-metaverse\">The Metaverse: And How it Will Revolutionize Everything<\/a>,\u201d in which he explores how virtual reality (VR), augmented reality (AR) and mixed reality (MR) will be integrated into our daily lives. He shows that many proto-Metaverses already exist, such as popular games Fortnite, Minecraft, and Roblox. But there\u2019s always more, as Ball explains challenges that could surface from Metaverse, the role of Web3.0, blockchain, and NFTs, among others. We\u2019ve already got primers on the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/519da186-071b-4f5a-8fc4-50544543f384\">metaverse<\/a>, <a href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=517900ccb6&e=17bb9015a7\">Web3.0<\/a>, and how <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4d9c473a-ab0b-497f-95df-9edc3903fb09\">industries could benefit<\/a> from the technologies.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eat-this-tonight\/\">Eat This Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"550777\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"550777\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">GO WITH THE FLOW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/market-roundup-on-26-april-2022\/\">\r\n                            Market roundup on 26 April 2022                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/market-roundup-on-26-april-2022\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/market-roundup-on-26-april-2022\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/market-roundup-on-26-april-2022\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Market roundup on 26 April 2022&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/market-roundup-on-26-april-2022\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/market-roundup-on-26-april-2022\/&title=Market roundup on 26 April 2022\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Market+roundup+on+26+April+2022+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F26%2Fmarket-roundup-on-26-april-2022%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/market-roundup-on-26-april-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550777\" class=\"content-area-description single-story post-550777 post type-post status-publish format-standard hentry category-go-with-the-flow tag-egx tag-enterprisepm tag-go-with-the-flow wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The EGX30 rose 1.3% at today\u2019s close<\/strong> on turnover of EGP 708 mn (22% below the 90-day average). Foreign investors were net buyers. The index is down 10.6% YTD.<\/p>\n<p><strong>In the green: <\/strong>AMOC (+5.4%), EFG Hermes (+4.9%), and Abu Qir Fertilizers (+4.9%).<\/p>\n<p><strong>In the red: <\/strong>Fawry (-6.8%), MM Group (-4.9%) and Cleopatra Hospital (-4.4%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"550778\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"550778\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">Founder of the Week<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/meet-our-founder-of-the-week-yalla-fel-sekkas-yasmine-abdel-karim\/\">\r\n                            Meet our founder of the week: Yalla Fel Sekka\u2019s Yasmine Abdel Karim                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/meet-our-founder-of-the-week-yalla-fel-sekkas-yasmine-abdel-karim\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/meet-our-founder-of-the-week-yalla-fel-sekkas-yasmine-abdel-karim\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/meet-our-founder-of-the-week-yalla-fel-sekkas-yasmine-abdel-karim\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Meet our founder of the week: Yalla Fel Sekka\u2019s Yasmine Abdel Karim&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/meet-our-founder-of-the-week-yalla-fel-sekkas-yasmine-abdel-karim\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/meet-our-founder-of-the-week-yalla-fel-sekkas-yasmine-abdel-karim\/&title=Meet our founder of the week: Yalla Fel Sekka\u2019s Yasmine Abdel Karim\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Meet+our+founder+of+the+week%3A+Yalla+Fel+Sekka%E2%80%99s+Yasmine+Abdel+Karim+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F04%2F26%2Fmeet-our-founder-of-the-week-yalla-fel-sekkas-yasmine-abdel-karim%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/meet-our-founder-of-the-week-yalla-fel-sekkas-yasmine-abdel-karim\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/521.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"550779\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/meet-our-founder-of-the-week-yalla-fel-sekkas-yasmine-abdel-karim\/521-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/521.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"521.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/521.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/521.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550778\" class=\"content-area-description single-story post-550778 post type-post status-publish format-standard has-post-thumbnail hentry category-founder-of-the-week tag-enterprisepm tag-founder-of-the-week tag-startups tag-yalla-fel-sekka wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>OUR FOUNDER OF THE WEEK-<\/strong> Yasmine Abdel Karim, co-founder and CEO of Yalla Fel Sekka (<a href=\"https:\/\/eg.linkedin.com\/in\/yabdelkarim\">LinkedIn<\/a>).<\/p>\n<p><strong>My name is Yasmine Abdel Karim, and I\u2019m the CEO and co-founder of Yalla Fel Sekka. <\/strong>I studied political science and economics at Cairo University. After graduation, I began my professional career in Schlumberger\u2019s economics and marketing department, where I spent a little over a year. Afterward, I quit my job, moved to Scotland, and got a master\u2019s degree in human resources management from Robert Gordon University. When Schlumberger hired a young CEO with an HR background in 2010, I rejoined the company\u2019s HR global branch in Paris, ending my tenure there as the HR manager. I then took a sabbatical from work, moved to Boston, and started pursuing another master\u2019s degree in public policy from Harvard University \u2014 and that\u2019s where the idea for Yalla Fel Sekka popped into my head.<\/p>\n<p><strong>I co-founded Yalla Fel Sekka with my friend, Khashyar Mahdavi<\/strong> (<a href=\"https:\/\/www.linkedin.com\/in\/khashayarmahdavi\/?originalSubdomain=uk\">LinkedIn<\/a>). We both recognized the gaps in the MENA region when it comes to the availability of instant delivery and on-demand logistics companies that cater to needs of businesses in the Egyptian market. We both decided to travel to Egypt to study the market and figure out what to focus on to create an impactful startup that addresses the needs of players such as supermarkets, SMEs, and e-commerce outfits to enable them to sell to their customers through a network of dark stores, warehouses, and delivery drivers. When we became enamored with the idea of founding YFS, I decided to change my major at Harvard and to shift my focus of study to delve into business and entrepreneurship courses.<\/p>\n<p><strong>My studies at Harvard proved to be essential to the founding of Yalla Fel Sekka.<\/strong> I consulted my professors about the plans I had laid out for YFS, and I constructed the model, pitch, and business plan for my startup during my studies. I pitched my business idea and got the maximum amount of funding from Harvard\u2019s Graduate Syndicate Fund to start my startup. The backing of the Graduate Syndicate Fund led us to attract more US investors like I Squared Capital and Flybridge Ventures. We raised more than USD 2.5 mn during this seed round. Our beta launch took place in 2019 and we fully launched YFS in 2020.<\/p>\n<p><strong>Our goal<\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f6e2771d-288d-4a9a-ab47-389b7e523f24\"><\/a><\/strong><strong>at Yalla Fel Sekka is to provide instant delivery services for businesses and to build the infrastructure required<\/strong> to enable them to satisfy their on-demand logistics needs. This year, our goal is to build and expand our dark store and quick commerce infrastructure for our clients. Our clients include Carrefour, Spinneys, Instashop, and Alfa Market, among others.<\/p>\n<p><strong>The most important KPIs I focus on include growth levels, and our performance indicators<\/strong> \u2014 the quality of our service, customer satisfaction, utilization rates, riders\u2019 performance, and delivery time, among others. We also keep track of our internal KPIs, including the team\u2019s performance and the level of their professional development, and focus on the training plans that would suit the needs of each team member.<\/p>\n<p><strong>To focus on my entrepreneurial journey, I had to give up on my freedom, personal and professional stability, and peace of mind [laughs]. <\/strong>The startup challenge is huge. With startups, risks are a part of the job. It\u2019s an agile, ever-changing process; you improve as you progress in your founder journey, and oftentimes things don\u2019t go as planned. Sometimes they go better than what you had envisioned, and sometimes they don\u2019t, which can be personally taxing. Ultimately though the biggest gap I\u2019m noticing is that I can no longer disconnect, entirely switch off from work, and take a two-week vacation, for instance.<\/p>\n<p><strong>The founder\u2019s journey is <\/strong><strong>very<\/strong><strong> lonely.<\/strong> As a founder, you won\u2019t be able to turn to your friends for advice. They will be unable to relate to the hardships you face. <strong>You can, however, overcome the lonely side of the job by reaching out to your peers. <\/strong>Other founders face the same challenges regularly and can relate to your woes, offer solutions, and provide useful insights. Whenever I\u2019m in need of advice, I turn to my co-founder Khashyar Mahdavi, MaxAB CEO and co-founder Belal El Megharbel (<a href=\"https:\/\/www.linkedin.com\/in\/belal-el-megharbel-34718023\/?originalSubdomain=eg\">LinkedIn<\/a>), and Trella co-founder Omar Hagrass (<a href=\"https:\/\/www.linkedin.com\/in\/omar-hagrass\/?originalSubdomain=eg\">LinkedIn<\/a>). I think there should be a Tinder-like platform that would enable entrepreneurs to get together, talk about relevant problems, and bounce ideas off each other.<\/p>\n<p><strong>On the upside, it\u2019s also a journey that\u2019s <\/strong><strong>filled with rewards that make the sacrifices worthwhile.<\/strong> The best part of the job for me is seeing progress and observing that we\u2019re innovating, impacting, and inspiring our customers and our team. This gives me the grit and resilience to keep going and helps me forget the negative side effects of the job. I also love the fact that I\u2019m empowering and helping with the personal development of my team: When the team evolves, so do you.<\/p>\n<p><strong>My advice for would-be founders is to maintain their determination, be flexible, and always listen to the advice of peers and experts from the market. <\/strong>Entrepreneurs need to pay attention to the advice of experts from the startup scene to better understand the hardships and the underlying complications that come with the founder's journey. Entrepreneurs need to be flexible to adapt to pivoting business models, and to shifting markets. I also believe that time is a critical asset for startups, so founders need to be very process-oriented and must have an understanding of how to focus on pressing problems to be able to ensure the survival of their business.<\/p>\n<p><strong>Aside from the USD 2.5 mn we raised during our seed financing round, <\/strong><strong>Yalla Fel Sekka<\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f6e2771d-288d-4a9a-ab47-389b7e523f24\">raised USD 7 mn<\/a><\/strong> in our series A funding round in 2022. We have attracted US investors including <a href=\"https:\/\/www.isquaredcapital.com\/\">I<\/a><a href=\"https:\/\/www.isquaredcapital.com\/\">Squared Capital<\/a> and <a href=\"https:\/\/www.flybridge.com\/\">Flybridge Ventures<\/a>, and regional investors including Kharafi Group, and <a href=\"https:\/\/www.disruptad.ae\/\">DisruptAD<\/a>, an Abu Dhabi-based VC set up by the emirate\u2019s sovereign wealth fund ADQ in 2021. We have no further funding plans for 2022, but with our short-term goal to focus on our dark store management plan, we may raise more funds once we have a successful model.<\/p>\n<p><strong>If I had to do it all over again, I would still go down the investor route early on.<\/strong> I believe that bringing in the right investors accelerates the business on so many levels. Investors obviously bring capital to the table, but they also bring strategic advice, market insights, help connect you with future investors and otherwise useful people, and so much more.<\/p>\n<p><strong>Aside from our dark store management initiative, our other short-term goal at Yalla Fel Sekka is to expand into different Egyptian cities and become the market leader. <\/strong>We currently operate in five cities in Egypt \u2014 Cairo, Giza, Alexandria, Mansoura, and Tanta. Our long-term goal is to launch new verticals and to expand regionally, possibly into North Africa and\/or GCC countries.<\/p>\n<p><strong>Startups that I think are<\/strong><em> <\/em><strong>killing it are<\/strong> <a href=\"https:\/\/www.maxab.io\/\">MaxAb<\/a> and <a href=\"https:\/\/www.trella.app\/\">Trella<\/a>. I love their business models. They are doing incredible work and are both solving real problems in the market. Other startups that I think have a great impact are <a href=\"https:\/\/www.google.com\/aclk?sa=l&ai=DChcSEwiYksznoKX3AhWDuHcKHc_xCtAYABAAGgJlZg&ae=2&sig=AOD64_3tdrIPlReVB8QJ20MMPpAs6jxzjA&q&adurl&ved=2ahUKEwipxcLnoKX3AhWxRPEDHb0rAzMQ0Qx6BAgDEAE\">Paymob<\/a> and <a href=\"https:\/\/zvendo.com\/\">zVendo.<\/a> Yalla Fel Sekka is actually partnering with <a href=\"https:\/\/zvendo.com\/\">zVendo.<\/a><\/p>\n<p><strong>The last great things I read were <\/strong><strong><a href=\"https:\/\/www.amazon.com\/House-Gucci-Sensational-Madness-Glamour\/dp\/0060937750\">The House Of Gucci<\/a><\/strong>by Sara Gay Forden, and <a href=\"https:\/\/www.amazon.com\/Midnight-Cairo-Divas-Egypts-Roaring\/dp\/0393541134\">Midnight in Cairo: The Divas of Egypt's Roaring '20s<\/a> by Raphael Cormack. The former delves into the mesmerizing tale of the Gucci dynasty, and the latter brilliantly immerses you in the Cairo of the roaring twenties: It brilliantly transports you to a surreal world that is amazingly alien to modern readers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/founder-of-the-week\/\">FOUNDER OF THE WEEK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/yalla-fel-sekka\/\">Yalla Fel Sekka<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"550780\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/550780\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-550780\" class=\"content-area-description single-story post-550780 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>OUR CALENDAR NOW APPEARS in two sections: <\/strong><\/p>\n<ul>\n<li><strong>Events with specific dates or months <\/strong>are right here up top<\/li>\n<li><strong>Events happening in a quarter or other range of time <\/strong>with no specific date \/ month appear at the bottom of the calendar.<\/li>\n<\/ul>\n<p><strong>APRIL<\/strong><\/p>\n<p>April: Ghazl El Mahalla shares will begin trading on the EGX.<\/p>\n<p>April: A delegation from a major Belgian shipping company will arrive for talks on building an international shipping supply center in Egypt.<\/p>\n<p>30 April (Saturday): Deadline for submitting corporate tax returns for companies whose financial year ends 31 December.<\/p>\n<p>30 April (Saturday): <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d34fde27-bb5d-4393-8c4d-b149d636663d\">Fixed customs exchange rate<\/a> lifted.<\/p>\n<p>30 April - 5 May (Saturday-Thursday): <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/383615447142215\">National holiday<\/a> in observance of Labor Day and Eid Al Fitr.<\/p>\n<p>Late April through 15 May: 1Q2022 earnings season<\/p>\n<p><strong>MAY<\/strong><\/p>\n<p>May: Investment in Logistics Conference, Cairo, Egypt.<\/p>\n<p>May: General Authority for Land and Dry Ports to issue the conditions booklet for the tender to establish and operate the Tenth of Ramadan dry port.<\/p>\n<p>1 May (Sunday): Labor Day.<\/p>\n<p>1 May (Sunday): Suez Canal Authority raises tolls for different vessels.<\/p>\n<p>2 May (Monday): <a href=\"https:\/\/www.facebook.com\/NRIAG2\/posts\/1661290627570693\">Eid Al Fitr<\/a>.<\/p>\n<p>3-4 May (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>4 May (Wednesday): 3 February (Thursday): Deadline to send in applications for Cultural Property Agreement Implementation projects to the <a href=\"https:\/\/eg.usembassy.gov\/wp-content\/uploads\/sites\/156\/CPAIG-2022-Announcment-RDL-edits.pdf\">US Embassy in Cairo<\/a>.<\/p>\n<p>10-12 May (Tuesday-Thursday): <a href=\"https:\/\/globalevents.ebrd.com\/event\/abbff80b-9203-4a59-b458-a0b0a3cc6977\/summary?RefId=Press%20Open%20Registration&rp=bb613e72-8b0f-4ba6-b6cc-787264ded1db\">EBRD Annual Meeting and Business Forum<\/a>, Marrakesh, Morocco.<\/p>\n<p>15 May (Sunday): Last day for EGX-listed companies to file 1Q2022 earnings<\/p>\n<p>19 May (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>19 May (Thursday): EFG Hermes\u2019 general shareholders\u2019 meeting to discuss, among several things, a capital increase of EGP 973 mn to finance the distribution of bonus shares to the company\u2019s minority shareholders.<\/p>\n<p>25 May (Wednesday): The <a href=\"https:\/\/bit.ly\/36oOWst\">deadline for<\/a> private companies to pre-register ahead of bidding for the second phase of the PPP national project to establish and operate 1k language schools.<\/p>\n<p><strong>JUNE<\/strong><\/p>\n<p>5-7 June (Sunday-Tuesday): <a href=\"https:\/\/www.africahealthexcon.com\/\">Africa Health ExCon<\/a>, Al Manara International Conference Center, Egypt International Exhibitions Center, and the St. Regis Almasa Hotel, New Administrative Capital.<\/p>\n<p>9 June (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>14-15 June (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>15-18 June (Wednesday-Saturday): <a href=\"https:\/\/forumspb.com\/en\/\">St. Petersburg International Economic Forum<\/a> (SPIEF), St. Petersburg.<\/p>\n<p>16 June (Thursday): End of 2021-2022 academic year for public schools.<\/p>\n<p>21-22 June (Tuesday-Wednesday): <a href=\"https:\/\/www.facebook.com\/MFAEgypt\/posts\/298129062496947\">Aswan Forum for Sustainable Peace and Development<\/a>, Cairo.<\/p>\n<p>23 June (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>27 June-3 July (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p>30 June (Thursday): June 30 Revolution Day, national holiday.<\/p>\n<p>30 June (Thursday): Deadline for bids for National Democratic Party HQ redevelopment contract.<\/p>\n<p><strong>JULY<\/strong><\/p>\n<p>July: A law governing ins. for seasonal contractors will come into effect.<\/p>\n<p>July: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>Early July: Polish President to visit Egypt.<\/p>\n<p>1 July (Friday): FY 2022-2023 begins.<\/p>\n<p>1 July (Friday): Official rollout of e-receipt system begins.<\/p>\n<p>8 July (Friday): Arafat Day.<\/p>\n<p>9-13 July (Saturday-Wednesday): Eid Al Adha, national holiday.<\/p>\n<p>21 July (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>26-27 July (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>30 July (Saturday): Islamic New Year.<\/p>\n<p>Late July - 14 August: 2Q2022 earnings season.<\/p>\n<p><strong>AUGUST<\/strong><\/p>\n<p>August: Work to extend the capacity of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3a67dcca-de16-4313-b330-60fc1a21e6db\">Egypt-Sudan electricity interconnection<\/a> to 600 MW to be completed.<\/p>\n<p>18 August (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p><strong>SEPTEMBER<\/strong><\/p>\n<p>September: Egypt will display its first naval exhibition with the title <a href=\"https:\/\/bit.ly\/3lshDZX\">Naval Power<\/a>.<\/p>\n<p>September: Central Bank of Egypt\u2019s Innovation and Financial Technology Center to launch incubator for 25 fintech startups.<\/p>\n<p>8 September (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>18 September (Sunday): Deadline for brokerage firms, asset managers and financial advisors <a href=\"https:\/\/alborsaanews.com\/2022\/04\/06\/1527896\">to register<\/a> with the Egyptian Securities Federation.<\/p>\n<p>20-21 September (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>22 September (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p><strong>OCTOBER<\/strong><\/p>\n<p>October: World Bank and IMF annual meetings in Washington, DC<\/p>\n<p>October: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>1 October (Saturday): Use of Nafeza <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/381373340699759\">becomes compulsory<\/a> for air freight.<\/p>\n<p>6 October (Thursday): Armed Forces Day, national holiday.<\/p>\n<p>8 October (Saturday): Prophet Muhammad\u2019s birthday, national holiday.<\/p>\n<p>18-20 October(Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p>27 October (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>Late October - 14 November: 3Q2022 earnings season.<\/p>\n<p><strong>NOVEMBER<\/strong><\/p>\n<p>November: Cairo Water Week 2022.<\/p>\n<p>1-2 November (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>3 November (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>4-6 November: The <a href=\"https:\/\/www.autotechegypt.com\/en\/home.html\">Autotech<\/a> auto exhibition kicks off at the Cairo International Exhibition and Convention Center.<\/p>\n<p>7-18 November (Monday-Friday): Egypt will host <a href=\"https:\/\/sdg.iisd.org\/events\/2021-un-climate-change-conference-unfccc-cop-27\/\">COP 27<\/a> in Sharm El Sheikh.<\/p>\n<p>21 November-18 December (Monday-Sunday): 2022 Fifa World Cup, Qatar.<\/p>\n<p>13-14 December (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>15 December (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p><strong>DECEMBER<\/strong><\/p>\n<p>22 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p><strong>JANUARY 2023<\/strong><\/p>\n<p>January EGX-listed companies and non-bank lenders will submit ESG reports for the first time.<\/p>\n<p>January: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p><strong>EVENTS WITH NO SET DATE <\/strong><\/p>\n<p>1H2022: Target date for IDH to close its acquisition of 50% of Islamabad Diagnostic Center.<\/p>\n<p>1H2022: e-Finance\u2019s digital healthcare service platform, eHealth, will launch its services.<\/p>\n<p>1H2022: The government will respond to private companies\u2019 bids to build desalination plants.<\/p>\n<p>1H2022: Egypt\u2019s second corporate green bond issuance expected to be announced.<\/p>\n<p>14 March-30 June: The \u201cEscape to Egypt\u201d exhibition at the <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02TyfzyKQdaqZmXvT1e3FuyPe3vSpn55zshBzfPbVExM3BR7KTZ3Geb6QVSsHa2S5Nl\">Coptic Museum<\/a>, in celebration of its 112th anniversary.<\/p>\n<p>2Q2022: The Sovereign Fund of Egypt will invest in two companies in the financial inclusion and non-banking financial services sectors.<\/p>\n<p>End of 2Q2022: The Financial Regulatory Authority\u2019s new Ins. Act should be approved.<\/p>\n<p>End of 2Q2022: Door for bidding for the contract to redevelop the site of the former National Democratic Party HQ to close.<\/p>\n<p>End of 1H2022: Emirati industrial company M Glory Holding and the Military Production Ministry will begin the mass production of dual fuel pickup trucks that can run on natural gas.<\/p>\n<p>2H2022: The inauguration of the Grand Egyptian Museum.<\/p>\n<p>2H2022: <a href=\"https:\/\/www.ief.org\/news\/egypt-to-host-8th-ief-igu-ministerial-gas-forum-in-2022\">IEF-IGU Ministerial Gas Forum<\/a>, Egypt. Date + location TBA.<\/p>\n<p>2H2022: The government will have vaccinated 70% of the population.<\/p>\n<p>3Q2022: Ayady\u2019s consumer financing arm, The Egyptian Company for Consumer Finance Services, to release its first financing product.<\/p>\n<p>End of 2022: e-Aswaaq\u2019s tourism platform will complete the roll out of its ticketing and online booking portal across Egypt.<\/p>\n<p>2023: Egypt <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/380561820780911\">will host<\/a> the Asian Infrastructure Investment Bank\u2019s Annual Meeting of the Board of Governors in 2023.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish above between the actual holiday and its observance.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":550769,"template":"","categories":[],"tags":[],"class_list":["post-550768","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"b47bd3e0-671b-4697-9492-54f45efa9a00","teaser":"","photo_url":"https:\/\/ent.news\/2022\/4\/66.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>It\u2019s another M&amp;A kinda day - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/its-another-ma-kinda-day\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It\u2019s another M&amp;A kinda day\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/its-another-ma-kinda-day\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T23:08:43+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/66.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/its-another-ma-kinda-day\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/its-another-ma-kinda-day\/\",\"name\":\"It\u2019s another M&A kinda day - 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