{"id":579856,"date":"2022-11-23T13:28:23","date_gmt":"2022-11-23T13:28:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=579856"},"modified":"2025-12-16T12:12:06","modified_gmt":"2025-12-16T12:12:06","slug":"almost-thursday-almost-thanksgiving","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/almost-thursday-almost-thanksgiving\/","title":{"rendered":"Almost-Thursday, almost-Thanksgiving"},"content":{"rendered":"<section id=\"579858\" 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=\"579858\">\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\/11\/23\/happy-almost-thursday-and-thanksgiving-eve\/\">\r\n                            Happy almost-Thursday and Thanksgiving-eve                        <\/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\/11\/23\/happy-almost-thursday-and-thanksgiving-eve\/\" 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\/11\/23\/happy-almost-thursday-and-thanksgiving-eve\/')\">\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\/11\/23\/happy-almost-thursday-and-thanksgiving-eve\/\">\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=Happy almost-Thursday and Thanksgiving-eve&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/23\/happy-almost-thursday-and-thanksgiving-eve\/\">\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\/11\/23\/happy-almost-thursday-and-thanksgiving-eve\/&title=Happy almost-Thursday and Thanksgiving-eve\">\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=Happy+almost-Thursday+and+Thanksgiving-eve+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F23%2Fhappy-almost-thursday-and-thanksgiving-eve%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\/11\/23\/happy-almost-thursday-and-thanksgiving-eve\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579858\" class=\"content-area-description single-story post-579858 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-enterprisepm tag-ma-watch tag-qia tag-vodafone-egypt 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 a very happy almost-THURSDAY. <\/strong>It\u2019s shaping up to be a very gentle newsday today, putting us in the Thanksgiving mood. We wish joyful preparations to all our US friends and family as they gear up for tomorrow\u2019s holiday.<\/p>\n<p><strong>ICYMI- <\/strong>US President Joe Biden pardoned <a href=\"https:\/\/www.washingtonpost.com\/lifestyle\/2022\/11\/21\/biden-turkey-pardon-2022\/\">Chocolate and Chip<\/a> on Monday.<\/p>\n<p><strong>THE BIG STORY TODAY-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Are talks between TE and Qatar\u2019s sovereign fund over Vodafone Egypt getting serious? <\/strong><a href=\"https:\/\/bit.ly\/3GBXDzv\">Bloomberg Asharq<\/a> is reporting that the Qatar Investment Authority has \u201caccelerated talks\u201d with Telecom Egypt over the purchase of a 20% stake in Vodafone Egypt. The Qataris are reportedly offering more than USD 1 bn for the stake. QIA and the national telecoms provider have reportedly been in talks over the transaction <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c348db4f-7247-4ed9-a87a-4020be90920e\">since September<\/a>, while the Saudi and Abu Dhabi sovereign funds have also been eyeing a piece of Vodafone Egypt.<\/p>\n<p><strong>THE BIG STORY ABROAD-<\/strong><\/p>\n<p><strong>The business press is honing in on Credit Suisse\u2019s less than optimistic 4Q <\/strong><strong>forecast:<\/strong> The lender is expecting losses of USD 1.6 bn for the quarter after its richer clients withdrew up to 10% of their assets in the past few months. <a href=\"https:\/\/www.cnbc.com\/2022\/11\/23\/credit-suisse-shareholders-greenlight-4point2-billion-capital-raise.html\">CNBC<\/a>, the <a href=\"https:\/\/www.wsj.com\/articles\/credit-suisse-warns-of-1-6-billion-loss-after-clients-pull-money-11669190614?mod=hp_lead_pos4\">Wall Street Journal<\/a> and the <a href=\"https:\/\/www.ft.com\/content\/b55174ee-540a-4c60-8474-40c560b123fa\">Financial Times<\/a> all have coverage. Meanwhile, US lawmakers are getting drawn into the Musk\/Twitter drama, the <a href=\"https:\/\/www.wsj.com\/articles\/elon-musks-twitter-takeover-triggers-partisan-clash-on-governments-role-11669185994?mod=hp_lead_pos1\">WSJ<\/a> reports.<\/p>\n<p><strong>HAPPENING NOW- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>A good day to head to the museum: <\/strong>The Tourism Ministry has waived entry fees to its museums and archeological sites nationwide for citizens and tourists alike today, to mark the 100th anniversary of the discovery of Tutankhamun\u2019s tomb, according to a ministry <a href=\"https:\/\/www.facebook.com\/tourismandantiq\/posts\/%D8%A8%D9%85%D9%86%D8%A7%D8%B3%D8%A8%D8%A9-%D9%85%D8%B1%D9%88%D8%B1-%D9%A1%D9%A0%D9%A0-%D8%B9%D8%A7%D9%85-%D8%B9%D9%84%D9%89-%D8%A7%D9%83%D8%AA%D8%B4%D8%A7%D9%81-%D9%85%D9%82%D8%A8%D8%B1%D8%A9-%D8%AA%D9%88%D8%AA-%D8%B9%D9%86%D8%AE-%D8%A2%D9%85%D9%88%D9%86-%D9%88%D8%A7%D9%81%D9%82-%D8%A7%D9%84%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D8%A3%D8%B9%D9%84%D9%89-%D9%84%D9%84%D8%A2%D8%AB%D8%A7%D8%B1-%D8%B9%D9%84%D9%89\/503262801835271\/\">statement<\/a>. As it happens, you\u2019ll still have to pay to visit the tomb of Tutankhamun itself, as well as those of Seti I, Ramses VI ,and Nefertari in Luxor, and the Pyramids of Giza.<\/p>\n<p>** <strong>CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Cairo-born mass transport app Swvl carried out a <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ffd2a6b9-3154-44b3-b23f-18d802441873\">second wave of layoffs<\/a><\/strong><strong> in a bid to stem losses<\/strong>, the company already let go a third of its global workforce this year amid tough economic conditions.<\/li>\n<li><strong>MENA-focused venture capital firm Modus Capital and our friends at USAID have launched <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/58a299be-172d-483c-9396-d413f30b06d4\">MV Builder II<\/a><\/strong>, an Egyptian venture builder targeting startups working to drive digital inclusion among women and underserved populations.<\/li>\n<li><strong>MPs gave their final approval to a number of <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/11ce99aa-e6a8-4f73-9550-a25235da1870\">legislative amendments<\/a><\/strong> focused on regulating telecommunications, compensating contractors for losses on state contracts, and property registration in new cities.<\/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 class='web-image' ><a href='https:\/\/climatexforum.enterprise.press\/index.html#contactUs'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/Climate-X-new-registration-En-1600x.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a><strong> The <\/strong><strong><a href=\"https:\/\/climatexforum.enterprise.press\/index.html#aboutSection\">Enterprise Climate X Forum<\/a><\/strong><strong> is fast approaching, <\/strong>and we\u2019re incredibly excited to meet with some of you in Cairo at the <strong>Grand Egyptian Museum<\/strong> on Tuesday, 6 December 2022. We get underway with a networking breakfast at 8am CLT.<\/p>\n<p><strong>What\u2019s on the table?<\/strong> CEOs, execs, bankers and development finance folks will mull over a variety of topics, including:<\/p>\n<ul>\n<li>What\u2019s this green hydrogen mumbo-jumbo you speak of?<\/li>\n<li>How are leaders building green businesses \u2014 from scratch, or as retrofits to decades-old family enterprises?<\/li>\n<li>How do we pay for it all?<\/li>\n<li>What do you really think of the green economy?<\/li>\n<\/ul>\n<p><strong>With that in mind, we\u2019ll be dropping little notices in stories and topics we intend to explore more of at the forum.<\/strong> Study up if you\u2019re coming.<\/p>\n<p><strong>Some of the biggest names in business and finance are on board \u2014 are you?<\/strong> If you\u2019re a C-suite exec, business owner, climate professional, DFI staff, investor or banker, please email us at <a href=\"mailto:climatexrsvp@enterprisemea.com\">climatexrsvp@enterprisemea.com<\/a> to signal your interest, letting us know your name, title and where you work. You can learn more on our conference website <a href=\"https:\/\/climatexforum.enterprise.press\/index.html#aboutSection\">here<\/a>.<\/p>\n<p><strong>*** YOU MUST REGISTER TO ATTEND by clicking the link on your registration email. <\/strong>Attendance is by invitation only. You\u2019ll need a special QR code to gain access to the GEM on event day.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The deadline to apply for the <\/strong><strong><a href=\"https:\/\/www.chicagobooth.edu\/executiveeducation\/programs\/management\/executive-program-el-gouna?fbclid=IwAR2P3G51SElb7ZQin8CZ8hE1o-Qi5d0_p5srOo0ADNI9a1v131AkMFQfmEE\">Chicago Booth Executive Program<\/a><\/strong><strong> in El Gouna is Sunday, <\/strong><strong>27 November.<\/strong> The two-week program, which kicks off in March 2023, offers executives from Egyptian public and private sector the skills to help them \u201cbecome a better leader for your organization and support Egypt\u2019s growth in the years ahead.\u201d<\/p>\n<p><strong>Payment and fintech conference Pafix will be held as part of <\/strong><strong><a href=\"https:\/\/cairoict.com\/\">Cairo ICT 2022<\/a><\/strong> from 27-30 November at the Egypt International Exhibition Centre in New Cairo.<\/p>\n<p><strong>The US and Russia will hold nuclear talks in Cairo next week: <\/strong>Washington and Moscow will discuss <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d75c978f-3cad-43f3-ac0d-44e5d5ab2b0b\">resuming mutual nuclear inspection<\/a>s during week-long talks from Tuesday, 29 November through to 6 December, Russian Deputy Foreign Minister Sergei Ryabkov said, according to <a href=\"https:\/\/edition.cnn.com\/2022\/11\/18\/politics\/new-start-talks-cairo-2022\/index.html\">CNN<\/a>.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Expect the mercury to rise to 24\u00b0C during the day tomorrow before falling to 16\u00b0C at night, our favorite weather app tells us.<\/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\/ma-watch\/\">M&amp;A Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qia\/\">QIA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vodafone-egypt\/\">Vodafone Egypt<\/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=\"579859\" 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=\"579859\">\r\n      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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=\"579860\">\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\/11\/23\/manchester-united-could-get-new-ownership-no-end-in-sight-to-chinas-zero-covid-crackdown\/\">\r\n                            Manchester United could get new ownership + No end in sight to China\u2019s zero-covid crackdown                        <\/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\" 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/705.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"705.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/705.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/705.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579860\" class=\"content-area-description single-story post-579860 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-apple tag-china tag-covid-19 tag-enterprisepm tag-for-your-commute tag-sports 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>Man U could be up for sale:<\/strong> The Glazer family, which owns Manchester United, are mulling selling the club, its board said in a <a href=\"https:\/\/www.manutd.com\/en\/news\/detail\/man-utd-announces-process-to-explore-strategic-alternatives-to-enhance-club-growth\">statement<\/a>. The board is looking into ways to \u201cenhance future growth\u201d at Man U and will \u201cconsider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the company.\u201d The move comes after years of protests at the club\u2019s ownership from fans, who say the Glazers see the club as nothing more than a moneymaker, the <a href=\"https:\/\/www.bbc.com\/sport\/football\/63723992\">BBC<\/a>reports. The statement also comes the day after icon Christiano Ronaldo announced his departure from Man U with immediate effect, following a bare-all interview last week.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Almost <\/strong><strong>three years<\/strong><strong> into the pandemic, China still lives in fear: <\/strong>Looser covid measures announced by Beiijing earlier this month had raised hopes among investors of a return to normality \u2014 but a return to lockdowns this week suggest China\u2019s strict covid prevention methods aren\u2019t going anywhere anytime soon. The city of Shijiazhuang reopened for just nine days before shutting down once again this week, after authorities grew fearful following a spike in covid cases, the <a href=\"https:\/\/www.ft.com\/content\/a0e3d8ea-be6c-4c84-b8f9-4ac81dff5fa5\">Financial Times<\/a> writes. Areas accounting for some 20% of China\u2019s GDP are under some form of lockdown, according to <a href=\"https:\/\/www.reuters.com\/world\/china\/shanghai-cancels-auto-event-rising-covid-cases-add-reopening-worries-2022-11-23\/\">Reuters<\/a>.<\/p>\n<p><strong>The tensions is ramping up at iPhone factories after months of disruptions: <\/strong>Employees at Foxconn\u2019s largest iPhone factory in China clashed with police during protests over the 200k-worker plant\u2019s handling of a covid outbreak, the <a href=\"https:\/\/www.ft.com\/content\/e917d76a-62af-4cfc-95d1-aec67cde4e84\">FT reports<\/a>. Employees reportedly told the FT that protest broke out after promised bonuses did not materialize, after months of complaints from workers at the Foxconn facility about poor conditions as the company tries to maintain production amid a prolonged covid outbreak. Apple can ill afford to shut down its Chinese factories, especially ahead of the holiday rush \u2014 and investors in the tech giant are spooked. China produces over 95% of the world\u2019s iPhones.<\/p>\n<p><strong>Brace for worse to come:<\/strong> \u201cThe next few weeks could be the worst in China since the early weeks of the pandemic both for the economy and the healthcare system,\u201d Reuters reports, quoting Capital Economics analysts.<\/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\/apple\/\">Apple<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/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=\"579862\" 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=\"579862\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/23\/579862\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579862\" class=\"content-area-description single-story post-579862 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=\"579863\" 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=\"579863\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENTERPRISE RECOMMENDS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/23\/journey-through-time-and-space-with-morgan-freeman-and-the-penguins\/\">\r\n                            Journey through time and space with Morgan Freeman and the penguins                        <\/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\/11\/23\/journey-through-time-and-space-with-morgan-freeman-and-the-penguins\/\" 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\/11\/23\/journey-through-time-and-space-with-morgan-freeman-and-the-penguins\/')\">\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\/11\/23\/journey-through-time-and-space-with-morgan-freeman-and-the-penguins\/\">\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=Journey through time and space with Morgan Freeman and the penguins&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/23\/journey-through-time-and-space-with-morgan-freeman-and-the-penguins\/\">\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\/11\/23\/journey-through-time-and-space-with-morgan-freeman-and-the-penguins\/&title=Journey through time and space with Morgan Freeman and the penguins\">\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=Journey+through+time+and+space+with+Morgan+Freeman+and+the+penguins+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F23%2Fjourney-through-time-and-space-with-morgan-freeman-and-the-penguins%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\/11\/23\/journey-through-time-and-space-with-morgan-freeman-and-the-penguins\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/706.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"579864\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/23\/journey-through-time-and-space-with-morgan-freeman-and-the-penguins\/706-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/706.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"706.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/706.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/706.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579863\" class=\"content-area-description single-story post-579863 post type-post status-publish format-standard has-post-thumbnail hentry category-enterprise-recommends-2 tag-enterprise-recommends tag-enterprisepm tag-on-the-tube-tonight 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><br \/>\n (all times CLT)<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>We\u2019re <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/328af844-3d98-469c-bada-bca75dbd02af\">all about Morgan Freeman<\/a><\/strong><strong> this week: <\/strong>Freeman brings his dulcet tones to the narration of six-part Netflix nature documentary series <a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81243961\">Our Universe<\/a>. Produced by BBC Studios, the series tells the story of the universe across the millennia, exploring the link between wildlife on Earth and the workings of outer space. The documentary links six scientific concepts with six animals that live in vastly different climates: cheetahs, chimpanzees, brown bears, sea turtles, elephants, and king penguins. We learn what gravity has to do with penguins, and how the changing seasons dictate bears\u2019 hibernation patterns. The show alternates between nature shots, and special effects, animation, and CGI \u2014 and although the constant back and forth can be confusing at times, Freeman\u2019s narration ties it all together.<\/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\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"579868\" 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 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 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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-kteff1p\" data-v=\"4\" data-block-id=\"kteff1p\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-kteff1p-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-kteff1p-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\/240936.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/cira.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27480.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Shaping the future of education in Egypt<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" 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256 34.484 101.255c-9.335-9.379-9.317-24.544.04-33.901l22.667-22.667c9.373-9.373 24.569-9.373 33.941 0L285.475 239.03c9.373 9.372 9.373 24.568.001 33.941z\"><\/path><\/svg><\/button><\/div><\/div><div class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"579869\" 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=\"579869\">\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\/11\/23\/the-market-on-wednesday-23-november-2022\/\">\r\n                            The Market on Wednesday 23 November, 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\/11\/23\/the-market-on-wednesday-23-november-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 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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\/11\/23\/the-market-on-wednesday-23-november-2022\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579869\" class=\"content-area-description single-story post-579869 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 fell 0.2% at today\u2019s close<\/strong> on turnover of EGP 1.68 bn (27.8% above the 90-day average). Local investors were net buyers. The index is up 5.5% YTD.<\/p>\n<p><strong>In the green: <\/strong>QNB AlAhli (+11.9%), Fawry (+6.5%) and Sidi Kerir Petrochemicals (+3.9%).<\/p>\n<p><strong>In the red: <\/strong>CIB (-2.5%), Rameda Pharma (-1.7%) and Heliopolis Housing (-1.5%).<\/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=\"579870\" 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=\"579870\">\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\">CAREERS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/23\/how-to-deal-with-layoffs-as-an-employer-or-an-employee\/\">\r\n                            How to deal with layoffs \u2014 as an employer or an employee                        <\/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\/11\/23\/how-to-deal-with-layoffs-as-an-employer-or-an-employee\/\" 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\/11\/23\/how-to-deal-with-layoffs-as-an-employer-or-an-employee\/')\">\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\/11\/23\/how-to-deal-with-layoffs-as-an-employer-or-an-employee\/\">\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=How to deal with layoffs \u2014 as an employer or an employee&url=https:\/\/enterpriseam.com\/egypt\/2022\/11\/23\/how-to-deal-with-layoffs-as-an-employer-or-an-employee\/\">\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\/11\/23\/how-to-deal-with-layoffs-as-an-employer-or-an-employee\/&title=How to deal with layoffs \u2014 as an employer or an employee\">\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=How+to+deal+with+layoffs+%E2%80%94+as+an+employer+or+an+employee+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F11%2F23%2Fhow-to-deal-with-layoffs-as-an-employer-or-an-employee%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\/11\/23\/how-to-deal-with-layoffs-as-an-employer-or-an-employee\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/707.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"579871\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/23\/how-to-deal-with-layoffs-as-an-employer-or-an-employee\/707-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/707.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"707.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/707.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/707.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579870\" class=\"content-area-description single-story post-579870 post type-post status-publish format-standard has-post-thumbnail hentry category-careers tag-careers tag-enterprisepm 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-08\"><\/a> <strong>How to deal with job cuts: <\/strong>Huge layoffs at big tech companies in recent months have put a spotlight on mass firings and just how cruelly they can be dealt out. Nearly 130k tech employees at some 814 companies have<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/eabc7cb3-bf8e-40d6-a19f-2888816da850\">lost their jobs this year<\/a>, with companies like Meta, Amazon, and most notoriously, Twitter, resorting to gutting their staff. More than half of Twitter\u2019s staff have been fired since Elon Musk took the helm of the company \u2014 many of whom were notified by discovering they had been locked out of their company email and slack accounts, in a frankly brutal example of how not to treat employees.<\/p>\n<p><strong>This spells trouble in the world of tech<\/strong> where workers often hold on to the fact that sacrifices they make for their employers now will reap dividends at a later date. The recent spate of firings has shaken that supposedly long-standing belief, according to the <a href=\"https:\/\/www.ft.com\/content\/a19b4a08-3fcb-480f-aaa0-1f2ab607447e\">Financial Times.<\/a><\/p>\n<p><strong>Layoffs can hurt companies more than their execs think: <\/strong>Since the 1970s, more and more companies <a href=\"https:\/\/hbr.org\/2018\/05\/layoffs-that-dont-break-your-company\">have restored to layoffs<\/a> in times of crisis to stay afloat, but some studies suggest that layoffs might not be the best course to pursue over the long term. A 2012 University of Texas at Arlington study found that \u201clayoffs had a neutral to negative effect on stock prices in the days following their announcement.\u201d Separate studies from Auburn University, Baylor University, and the University of Tennessee have also found that companies who go the mass firing route are twice as likely to end up filing for bankruptcy than companies who don\u2019t.<\/p>\n<p><strong>One big negative consequence of widespread layoffs is the damage to morale among those who remain at the company. <\/strong>Firing 1% of a company\u2019s workforce in a year has been found to trigger a 31% increase in quitting among remaining employees the following year, according to University of Wisconsin\u2013Madison and University of South Carolina <a href=\"https:\/\/www.jstor.org\/stable\/20159508\">researchers<\/a>. This is partially because a sense of anxiety starts to build among those who witnessed the firing take place and likely also because fewer people have to cover the same amount of work.<\/p>\n<p><strong>What are the alternatives to layoffs for struggling businesses? <\/strong>If something\u2019s not working, it could be that employees are in redundant roles, rather than that there are too many people working at the company. Internally retraining and moving staff to new roles is an option for big firms. If that doesn\u2019t work, companies can opt for furloughs instead of layoffs when times are really tough \u2014 when it\u2019s time to power back up, rehiring will be much easier than for firms who made brutal cuts.<\/p>\n<p><strong>When all other options are exhausted: <\/strong>If a company is forced to make layoffs to stay afloat, execs should proceed with caution \u2014 and remember that there\u2019s no need to burn bridges. A former employee could be a future client, business partner, or even come back to the company in a new role. \u201cYou want to have that alumni network in good shape,\u201d one associate director of business training programs at Harvard University tells <a href=\"https:\/\/www.cnbc.com\/2022\/11\/14\/heres-how-to-manage-workers-being-laid-off-and-those-who-stay.html\">CNBC<\/a>.<\/p>\n<p><strong>Among the ways to make layoffs as painless as possible, <\/strong>according to business experts who spoke to CNBC:<\/p>\n<ul>\n<li><strong>Communicate clearly: <\/strong>Explain to employees in plain language exactly why this is happening and what other steps were taken before the decision was made.<\/li>\n<li><strong>Lead from the front: <\/strong>Don\u2019t hide behind \u201cHR\u201d \u2014 employees need to hear the news from those at the top of leadership, preferably in a one-on-one, in-person conversation.<\/li>\n<li><strong>Show compassion: <\/strong>Getting laid off is one of the most difficult experiences a person can go through. Empathy is important.<\/li>\n<li><strong>Offer support for next steps: <\/strong>Helping a recently laid off employee find another job \u2014 through resume and cover letter advice or a company\u2019s professional network \u2014 might be the single most effective thing to do for someone who has been let go.<\/li>\n<\/ul>\n<p><strong>Getting laid off is extremely tough. Is there anything employees can do to prepare? <\/strong>If they\u2019re getting the sense that something is amiss and their company could be gearing up to make layoffs, it\u2019s a good time for employees to do an internal audit of their personal finances. If they can, workers should build a savings buffer that can sustain them for three to six months, Christopher Kayes, management chair at the George Washington University School of Business, tells the <a href=\"https:\/\/www.washingtonpost.com\/technology\/2022\/11\/08\/workers-guide-to-layoffs\/\">Washington Post.<\/a> It\u2019s also a good idea to check their contracts and see what they\u2019re entitled to in terms of notice and severance pay. And employees should keep their resumes, LinkedIn profiles, and professional network current in case they need to make a move.<\/p>\n<p><strong>The worst has happened. What now? <\/strong>The sense of loss and upheaval that comes from losing a job is similar to the grieving process when you lose a loved one, one <a href=\"https:\/\/www.ncbi.nlm.nih.gov\/pmc\/articles\/PMC6399146\/\">2019 study<\/a> in the journal Frontiers found. It can be necessary to take some time to \u201cmourn\u201d a former role. At some point, though, laid-off employees will have to get back on the horse \u2014 and back on the job market. Keeping friendly connections with a former employer wherever possible, continuing to build a professional network, and refusing to let the experience knock your confidence are all good steps to take. \u201cIt might be an opportunity versus a crisis,\u201d one recruiter tells the WP.<\/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\/careers\/\">CAREERS<\/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=\"579872\" 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\/11\/23\/579872\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-579872\" class=\"content-area-description single-story post-579872 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>NOVEMBER<\/strong><\/p>\n<p>20 November-18 December (Sunday-Sunday): 2022 Fifa World Cup, Qatar.<\/p>\n<p>22 November- 23 November (Tuesday-Wednesday): <a href=\"http:\/\/thefingerprintsummit.org\/#\/speakersnew\">The Fingerprint Summit<\/a> will be held at the Nile Ritz Carlton Hotel.<\/p>\n<p>27 November (Sunday): Senate in session.<\/p>\n<p>27-28 November (Sunday-Monday): The first edition of the <a href=\"https:\/\/twitter.com\/Extranewstv\/status\/1579478836366176256\">Egypt Media Forum<\/a>.<\/p>\n<p>27-30 November (Sunday-Wednesday): <a href=\"https:\/\/cairoict.com\/\">Cairo ICT<\/a> and Pafix, Egypt International Exhibition Center, New Cairo.<\/p>\n<p>29 November - 6 December (Tuesday-Tuesday): US and Russia <a href=\"https:\/\/edition.cnn.com\/2022\/11\/18\/politics\/new-start-talks-cairo-2022\/index.html\">to hold talks<\/a> on resuming mutual nuclear inspections in Cairo.<\/p>\n<p><strong>DECEMBER<\/strong><\/p>\n<p>1 December (Thursday): Sphinx International Airport <a href=\"https:\/\/bit.ly\/3UdDqDB\">will begin operating<\/a> international flights.<\/p>\n<p>1 December (Thursday): Contractors to <a href=\"https:\/\/www.youm7.com\/5964288\">break ground<\/a> on Egypt-Saudi interconnection project.<\/p>\n<p>3 December (Saturday): Dior Men\u2019s pre-fall collection show in Giza.<\/p>\n<p>4 December (Sunday): House back in session.<\/p>\n<p>4 December (Sunday): OPEC+ meeting.<\/p>\n<p>5-8 December (Monday-Thursday): QS <a href=\"https:\/\/www.reimagine-education.com\/agenda\/\">Reimagine Education Awards and Conference<\/a>, multiple locations.<\/p>\n<p>5-7 December (Monday-Wednesday): <a href=\"https:\/\/foodafrica-expo.com\/\">Food Africa 2022<\/a> kicks off at Egypt International Exhibitions Center.<\/p>\n<p>6 December (Tuesday): <a href=\"https:\/\/climatexforum.enterprise.press\/\">Enterprise Climate X Forum<\/a>, Grand Egyptian Museum.<\/p>\n<p>7 December (Wednesday): <a href=\"https:\/\/events.euromoney.com\/event\/3bd9d782-7c1b-47db-85de-840ccd977928\/summary\">Euromoney Egypt 2022<\/a>conference<\/p>\n<p>10 December (Saturday): The TriFactory\u2019s <a href=\"https:\/\/www.thetrifactory.com\/pyramidshalfmarathon\">Pyramids Half Marathon<\/a>.<\/p>\n<p>10-12 December (Saturday-Monday): The 2nd edition of the <a href=\"https:\/\/www.facebook.com\/NebuGoldExpo\/\">Nebu Expo for Gold and Jewelry<\/a>kicks off.<\/p>\n<p>13-14 December (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>13-15 December (Tuesday-Thursday): US-Africa Leaders Summit.<\/p>\n<p>15 December (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>22 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>December: The Sixth of October dry port <a href=\"https:\/\/bit.ly\/3u3uB4u\">will begin operations<\/a>.<\/p>\n<p>December: Egyptian Automotive Summit.<\/p>\n<p>December: Egypt to <a href=\"https:\/\/bit.ly\/3bVoWYy\">expand Sudan electricity link capacity<\/a> to 300 MW.<\/p>\n<p>December: Chinese President Xi Jinping <a href=\"https:\/\/www.reuters.com\/business\/cop\/trade-security-agenda-xi-visit-saudi-arabia-saudi-minister-2022-11-12\/\">visit<\/a>to Saudi Arabia<\/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>January: Infinity + Africa Finance Corporation to close acquisition of Lekela Power.<\/p>\n<p>1 January (Sunday): Use of Nafeza <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/381373340699759\">becomes compulsory<\/a> for air freight.<\/p>\n<p>1 January (Sunday): Residential electricity bills are set to rise as per the government\u2019s <a href=\"https:\/\/ent.news\/2020\/6\/%D8%A7%D9%84%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D8%A7%D9%84%D8%B5%D8%AD%D9%81%D9%89-%D9%84%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D9%84%D9%84%D8%AE%D9%85%D8%B3-%D8%B3%D9%86%D9%88%D8%A7%D8%AA-%D8%A7%D9%84%D9%82%D8%A7%D8%AF%D9%85%D8%A9-9-6-2020-1.pdf\">six-year roadmap (pdf)<\/a> to restructure electricity prices by 2025.<\/p>\n<p>7 January (Saturday): Coptic Christmas.<\/p>\n<p>24 January-6 February: The 54th Cairo International Book Fair, Egypt International Exhibition Center<\/p>\n<p>25 January (Wednesday): 25 January revolution anniversary \/ Police Day.<\/p>\n<p>26 January (Thursday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p>30 January-1 February (Monday-Wednesday): CI Capital\u2019s Annual MENA Investor Conference 2023, Cairo, Egypt.<\/p>\n<p><strong>FEBRUARY 2023<\/strong><\/p>\n<p>11 February (Saturday): Second semester of 2022-2023 academic year begins for public universities.<\/p>\n<p>13-15 February (Monday-Wednesday): The <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show (Egyps)<\/a>, Egypt International Exhibition Center, Cairo.<\/p>\n<p>23-27 February (Thursday-Monday): Annual Business Women of Egypt\u2019s Women for Success conference.<\/p>\n<p><strong>MARCH 2023<\/strong><\/p>\n<p>March: 4Q2022 earnings season.<\/p>\n<p>23 March (Wednesday): First day of Ramadan (TBC). Maghreb will be at 6:08pm CLT.<\/p>\n<p><strong>APRIL 2023<\/strong><\/p>\n<p>1 April (Saturday): Deadline for banks to establish sustainability unit.<\/p>\n<p>17 April (Monday): Sham El Nessim.<\/p>\n<p>22 April (Saturday): Eid El Fitr (TBC).<\/p>\n<p>25 April (Tuesday): Sinai Liberation Day.<\/p>\n<p>27 April (Thursday): National holiday in observance of Sinai Liberation Day (TBC).<\/p>\n<p>Late April \u2013 15 May: 1Q2023 earnings season.<\/p>\n<p><strong>MAY 2023<\/strong><\/p>\n<p>1 May (Monday): Labor Day.<\/p>\n<p>4 May (Thursday) National holiday in observance of Labor Day (TBC).<\/p>\n<p>22-26 May (Monday-Friday): Egypt <a href=\"https:\/\/www.afdb.org\/en\/news-and-events\/press-releases\/african-development-bank-group-concludes-annual-meetings-governors-endorse-banks-vision-next-10-years-51974#:~:text=The%20new%20Board%20of%20Governors,from%2022%2D26%20May%202023.\">will host<\/a> the African Development Bank (AfDB) annual meetings in Sharm El Sheikh.<\/p>\n<p><strong>JUNE 2023<\/strong><\/p>\n<p>19-21 June (Monday-Wednesday) Egypt Infrastructure and Water Expo <a href=\"https:\/\/ent.news\/2022\/9\/Announcement__EGYPT_INFRASTRUCTURE_AND_WATER_EXPO_LAUNCHES_JUNE_2023.pdf\">debuts<\/a> at the Egypt International Exhibition Center.<\/p>\n<p>28 June-2 July (Wednesday-Sunday): Eid El Adha (TBC).<\/p>\n<p>30 June (Friday): June 30 Revolution Day.<\/p>\n<p><strong>JULY 2023<\/strong><\/p>\n<p>18 July (Tuesday): Islamic New Year.<\/p>\n<p>20 July (Thursday): National holiday in observance of Islamic New Year (TBC).<\/p>\n<p>23 July (Sunday): Revolution Day.<\/p>\n<p>27 July (Thursday): National holiday in observance of Revolution Day.<\/p>\n<p>Late July-14 August: 2Q2023 earnings season.<\/p>\n<p><strong>SEPTEMBER 2023<\/strong><\/p>\n<p>26 September (Tuesday): Prophet Muhammad\u2019s birthday (TBC).<\/p>\n<p>28 September (Thursday): National holiday in observance of Prophet Muhammad\u2019s birthday (TBC).<\/p>\n<p><strong>OCTOBER 2023<\/strong><\/p>\n<p>6 October (Friday): Armed Forces Day.<\/p>\n<p>Late October-14 November: 3Q2023 earnings season.<\/p>\n<p><strong>EVENTS WITH NO SET DATE <\/strong><\/p>\n<p>2H 2022: The inauguration of the Grand Egyptian Museum.<\/p>\n<p>2H 2022: <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>2H 2022: The government will have vaccinated 70% of the population.<\/p>\n<p>3Q 2022: Ayady\u2019s consumer financing arm, The Egyptian Company for Consumer Finance Services, to release its first financing product.<\/p>\n<p>3Q 2022: Swvl to close <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53e17b15-78b9-421a-81f5-9d3d5ee0227d\">acquisition of<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53e17b15-78b9-421a-81f5-9d3d5ee0227d\">Urbvan<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/53e17b15-78b9-421a-81f5-9d3d5ee0227d\">Mobility<\/a>.<\/p>\n<p>End of December\/early January: SFE\u2019s pre-IPO fund <a href=\"https:\/\/www.alborsaanews.com\/2022\/11\/20\/1599698\">to kick off<\/a>roadshow.<\/p>\n<p>4Q 2022: Electricity Ministry to tender six solar projects in Aswan Governorate.<\/p>\n<p>4Q 2022: Raya Holding subsidiary Aman and Qalaa Holdings\u2019 Taqa Arabia to launch their fintech company.<\/p>\n<p>4Q 2022: Saudi Arabia\u2019s Jamjoom Pharma to <a href=\"https:\/\/bit.ly\/3R7SGzP\">inaugurate its EGP 1 bn pharma factory<\/a> in El Obour.<\/p>\n<p>End of 2022: Decent Life first phase scheduled for completion.<\/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>1Q 2023: Adnoc Distribution\u2019s acquisition of 50% of TotalEnergies Egypt to close.<\/p>\n<p>1Q 2023: Internal trade database to <a href=\"https:\/\/hapijournal.com\/?p=212185\">launch<\/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","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":579857,"template":"","categories":[],"tags":[],"class_list":["post-579856","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"f175731b-ca31-4ce6-ae9b-a7f0751ba7e8","teaser":"","photo_url":"https:\/\/ent.news\/2022\/11\/704.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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