{"id":592353,"date":"2023-08-03T00:00:00","date_gmt":"2023-08-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=592353"},"modified":"2025-12-16T17:00:03","modified_gmt":"2025-12-16T17:00:03","slug":"powered-by-cement","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/powered-by-cement\/","title":{"rendered":"Powered by cement"},"content":{"rendered":"<section id=\"592355\" 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=\"592355\">\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\/2023\/08\/03\/this-evening-pmi-rises-again-in-july-but-remains-in-contraction-territory\/\">\r\n                            THIS EVENING: PMI rises again in July, but remains in contraction territory                        <\/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\/2023\/08\/03\/this-evening-pmi-rises-again-in-july-but-remains-in-contraction-territory\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=THIS EVENING: PMI rises again in July, but remains in contraction territory&url=https:\/\/enterpriseam.com\/egypt\/2023\/08\/03\/this-evening-pmi-rises-again-in-july-but-remains-in-contraction-territory\/\">\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\/2023\/08\/03\/this-evening-pmi-rises-again-in-july-but-remains-in-contraction-territory\/&title=THIS EVENING: PMI rises again in July, but remains in contraction territory\">\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+PMI+rises+again+in+July%2C+but+remains+in+contraction+territory+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F08%2F03%2Fthis-evening-pmi-rises-again-in-july-but-remains-in-contraction-territory%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\/2023\/08\/03\/this-evening-pmi-rises-again-in-july-but-remains-in-contraction-territory\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/1149.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"592356\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/03\/this-evening-pmi-rises-again-in-july-but-remains-in-contraction-territory\/1149-jpg-11\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/1149.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1149.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/1149.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/10\/1149.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-592355\" class=\"content-area-description single-story post-592355 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-tonight tag-economy tag-enterprisepm tag-pmi tag-what-were-tracking-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.503db512-425d-4b5b-843e-38fd5dd3526e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon friends, and HAPPY THURSDAY.<\/strong> We\u2019re finally at the tail-end of the week, although there remain a few loose ends to tie up as the Central Bank of Egypt\u2019s Monetary Policy Committee is set to review interest rates at its meeting later this evening. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Private sector contraction softens again in July:<\/strong> The contraction in Egypt\u2019s non-oil private sector slowed to its softest pace in almost two years on the back of uptick in market demand, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/8\/174.pdf\" style=\"\" rel=\"noopener\">S&P Global\u2019s purchasing managers\u2019 index (pdf)<\/a>. The country\u2019s PMI rose for the fourth consecutive month, reaching 49.2 in July, up from 49.1 in June. This is the highest reading since August 2021 but remains below the 50.0 mark that separates growth from contraction, making July the 32nd consecutive month that business activity has been in decline.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a mixed bag of news today, but the Trump Indictment continues to pick up some <\/strong><strong>traction<\/strong> on <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2023\/08\/03\/politics\/trump-returns-to-washington-arraignment\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> and <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/trump-jan-6-indictment-misinformation-e9d5077300dafa4c774429b7f82d8930\" style=\"\" rel=\"noopener\">Associated Press<\/a> as they discuss expectations for the former president\u2019s court arraignment for attempting to undermine Joe Biden\u2019s ascension to the presidency and the attack on the US Capitol. Warren Buffet\u2019s take on Fitch Ratings\u2019 downgrade of the US\u2019 credit rating is topping headlines on <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2023\/08\/03\/warren-buffett-says-hes-not-worried-about-fitchs-us-downgrade.html\" style=\"\" rel=\"noopener\">CNBC<\/a>, as he asserts that the long-term foreign currency issuer default rating downgrade to AA+ from AAA does not change the standing of the greenback. Meanwhile, the outlook on the EU economy is not looking good, notes the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/86e81a5b-b946-4e1f-b7a0-aa23efb6323c\" style=\"\" rel=\"noopener\">Financial Times<\/a>, adding that the US\u2019 \u201csoft landing\u201d is gearing more confidence in the US rather than in Europe.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HAPPENING TODAY- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s interest rate day: We anticipate that The Central Bank of Egypt will leave interest<\/strong><strong> rates<\/strong> unchanged after its policy meeting this evening, which is the consensus of analysts and economists we spoke to last week.<\/p>\n<p><strong>The Greek PM is in town:<\/strong> President Abdel Fattah El Sisi will hold talks today with Greek prime minister Kyriakos Mitsotakis in El Alamein, according to <a target=\"_blank\" href=\"https:\/\/www.primeminister.gr\/2023\/08\/02\/32296\" style=\"\" rel=\"noopener\">Mitsotakis\u2019 office<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK on the top stories from today\u2019s EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>Shell to <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3cd7f991-4e52-4be7-86d8-1f8415ce087b\" style=\"\" rel=\"noopener\">drill new gas wells in the Med<\/a><\/strong><strong>: <\/strong>Shell is set to begin drilling new gas exploration wells at its concession areas in the Mediterranean in September.<\/li>\n<li><strong>Demand for gold bars and coins in Egypt <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8449eeb3-98f3-490c-8a9b-a465f493aaf2\" style=\"\" rel=\"noopener\">more than tripled y-o-y in 2Q 2023<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8449eeb3-98f3-490c-8a9b-a465f493aaf2\" style=\"\" rel=\"noopener\"><\/a> as savers searched safe havens amid the ongoing currency crisis. Figures included in a World Gold Council report out yesterday show that Egyptians bought 10.4 tons of gold during the three-month period, up from 3.3 tons in the same time in 2022.<\/li>\n<li><strong>Higher rates <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c4c7ebdd-3d8a-4c3d-ba08-888141884771\" style=\"\" rel=\"noopener\">fuels strong net income, revenue growth at HSBC<\/a><\/strong><strong>:<\/strong> HSBC Holding Plc\u2019s net income surged 102% y-o-y to USD 18.1 bn in 1H 2023 on the back of rising central bank rates around the world.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/44.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MARK YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 <\/strong><strong>September at the St. Regis Hotel in Cairo. <\/strong>This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/finance.enterprise.news\/\" style=\"\" rel=\"noopener\">TAP OR CLICK HERE<\/a><\/strong><strong> if you want to express interest in attending. <\/strong>We\u2019ll be sending out the first batch of invitations soon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Do you want to become a commercial partner?<\/strong> Ping a note to <a target=\"_blank\" href=\"mailto:mtaalab@inktankir.com\" style=\"\" rel=\"noopener\">Moustafa Taalab, our head of commercial<\/a>, or fill out <a target=\"_blank\" href=\"https:\/\/finance.enterprise.news\/sponsor.html\" style=\"\" rel=\"noopener\">this form<\/a> and we\u2019ll be in touch. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>STAY TUNED for more detail <\/strong>about our agenda.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU MISS THE ENTERPRISE EXPORTS AND FDI FORUM? <\/strong><strong><a target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136\" style=\"\" rel=\"noopener\">Tune in to the Enterprise Podcast and listen for yourself<\/a><\/strong><strong>:<\/strong> The Enterprise Podcast is back with another installment of our forum series, where we bring you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum,which took place in May.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WANT TO LISTEN? Head to: <\/strong><a target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/how-to-become-part-of-a-multinationals-supply-chain\/id1617987136?i=1000622000939\" style=\"\" rel=\"noopener\">Apple Podcast<\/a> | <a target=\"_blank\" href=\"https:\/\/open.spotify.com\/episode\/57zbwQADGdOo5cMf37jSzM\" style=\"\" rel=\"noopener\">Spotify<\/a> | <a target=\"_blank\" href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvNWE1NmQ3YzMtZjI4MS00NTU3LThlMzEtYWFjODAxN2NjZjA2LzY4NmNmYTU5LTAwOTMtNDEyMS1hMTRjLWFlNmYwMDk3ZjEyMi81NDI0MGE5Ni04YWY5LTRkZGQtODExNi1hZTZmMDA5OTgxMzYvcG9kY2FzdC5yc3M\/episode\/MDUwOTc0ZGUtZGViOS00Zjc4LTliZGQtYjA0NzAxMGExMTUw?sa=X&ved=0CAUQkfYCahcKEwjA4YO_qKWAAxUAAAAAHQAAAAAQAQ\" style=\"\" rel=\"noopener\">Google Podcast<\/a> | <a target=\"_blank\" href=\"https:\/\/play.anghami.com\/episode\/1118757834\" style=\"\" rel=\"noopener\">Anghami<\/a>. <strong>We\u2019re releasing a new episode every Sunday morning.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN THIS WEEK\u2019S EPISODE-<\/strong>We ask some of the biggest multinationals and suppliers operating here \u2014 namely, in logistics, e-commerce, and FMCG \u2014 what it is they\u2019re looking for in a local partner, product or service and what are some of the pain points they\u2019ve had to cope with. We were joined on that panel by <strong>Khaled Morsy<\/strong>, CEO of DB Schenker Egypt,<strong> Omar Elsahy<\/strong>, General Manager at Amazon Egypt, <strong>Tarek Kame<\/strong>l, Chairman and CEO of Nestl\u00e9 Egypt and Sudan.<\/p>\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 target=\"_blank\" href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>\n  <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>Temperatures will stay at 38\u00b0C at the highest in the morning tomorrow and drop to a cooler 24\u00b0C when the sun sets, our favorite weather app tells us. <\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/pmi\/\">PMI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- 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href=\"https:\/\/www.mashreqbank.com\/en\/uae\/personal\/branding\/brand-home\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/135.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"592358\" 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=\"592358\">\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\/2023\/08\/03\/ai-aids-breast-cancer-detection-electrified-concrete-can-power-your-appliances\/\">\r\n                            AI aids breast cancer detection + Electrified concrete can power your appliances                        <\/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\/2023\/08\/03\/ai-aids-breast-cancer-detection-electrified-concrete-can-power-your-appliances\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/176.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"592359\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/03\/ai-aids-breast-cancer-detection-electrified-concrete-can-power-your-appliances\/176-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/176.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"176.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/176.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/176.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-592358\" class=\"content-area-description single-story post-592358 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-ai tag-building tag-enterprisepm tag-for-your-commute wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.6910007b-be0a-42d2-a612-4145c8153a57.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Radiologists are using artificial intelligence to increase breast cancer detection by <\/strong><strong>20%, without raising the number of false-positive readings<\/strong>, Sweden\u2019s <a target=\"_blank\" href=\"https:\/\/www.thelancet.com\/journals\/lanonc\/article\/PIIS1470-2045(23)00336-4\/fulltext\" style=\"\" rel=\"noopener\">Lancet Oncology Journal<\/a> reported yesterday. In addition to higher detection rates, the study \u2014 conducted with the participation of 80k women within the Mammography Screening with Artificial Intelligence (MASAI) trial \u2014 also showed AI assistance meant doctors spent half the time on the same workload. After being randomly divided into two groups, participants in the control group were assigned a traditional reading performed by two physicians while the intervention group\u2019s mammograms were read by doctors with the assistance of AI. Interestingly, the use of AI did not increase the incidence of false positive results, the project\u2019s lead researcher, Dr Kristina L\u00e5ng told <a target=\"_blank\" href=\"https:\/\/www.euronews.com\/next\/2023\/08\/02\/ai-has-helped-radiologists-detect-20-more-cases-of-breast-cancer-during-screenings-new-stu?utm_source=flipboard&utm_content=topic%2Fartificialintelligence\" style=\"\" rel=\"noopener\">Euronews<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AI won\u2019t replace physicians just yet:<\/strong>Despite growing fears over AI taking over jobs, L\u00e5ng maintained that the use of AI was not intended to replace physicians: \u201cThe design of [the] screening protocol emphasizes the central role of the radiologist,\u201d she told the news outlet. An important factor that is crucial to curbing overdiagnosis or overdetection if AI is left to its own devices, scientists Nereo Segnan and Antonio Ponti warned, the article added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Electrified cement can make your home a literal power-house:<\/strong> Researchers discovered that building materials such as cement can store electricity that covers half the daily power capacity of a concrete-built home, according to <a target=\"_blank\" href=\"https:\/\/www.science.org\/content\/article\/electrified-cement-could-turn-houses-and-roads-nearly-limitless-batteries\" style=\"\" rel=\"noopener\">Science<\/a>. Electrified roadways can also supply electric cars with power as they are driving, with the use of supercapacitors \u2014 cement devices with nonflammable electrolytes. Supercapacitors remain limited in their power output and currently come in the form of batteries that can only light up LED bulbs, but researchers are working on raising their performance and output capacity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Carbon black is the key component:<\/strong> If carbon black, a widely-available substance that was previously used as black pigment, is mixed with cement (which is a poor conductor of electricity), and is used in building homes it can operate an average household for a day as it can save 10 KW-hours of electricity, according to <a target=\"_blank\" href=\"https:\/\/www.pnas.org\/doi\/full\/10.1073\/pnas.2304318120\" style=\"\" rel=\"noopener\">Proceedings of the National Academy of Sciences<\/a>. Since concrete is a poor electrical conductor, carbon black fills in this gap, as it is a good conductor of electrical power and when mixed in with cement powder collects into threads that act as wires. For powering cars: Copper coils embedded in the roadways are the suggestion to provide cars with electricity, a concept that is already developing in Germany and the Netherlands. <\/p>\n\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\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/building\/\">BUILDING<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"592360 advertiser\" class=\"issue-section enterprise-adv\">\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=\"592360\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/03\/592360\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-592360\" class=\"content-area-description single-story post-592360 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.palmhillsdevelopments.com\/en-us\/home\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2022\/12\/Palm-Hills-The-Crown-web-dec-22.jpg\"><\/a><\/span><\/p>\n\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=\"592361\" 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=\"592361\">\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\/2023\/08\/03\/uncover-the-truth-with-seen-soal-on-shahid\/\">\r\n                            Uncover the truth with Seen So\u2019al on Shahid                        <\/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\/2023\/08\/03\/uncover-the-truth-with-seen-soal-on-shahid\/\" 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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Al Shugairi approaches his subject matter by proposing the topic, interviewing experts, and touring different places to help the viewer visualize and relate more to the focus of the episode. Al Shugairi has a unique presenting style that makes the topic quick to understand by posing the typical questions most people would wonder. The program comes in two installments, with 27 episodes that run for 20 minutes each. Season one is filmed entirely in Saudi Arabia, featuring its notable strides in developing different sectors. Meanwhile, the second one was shot in different locations across the Arab world, the US and Europe to tackle current issues like food security, aviation, emergency services, the latest edition of the World Cup, and many more. You can watch Seen on <a target=\"_blank\" href=\"https:\/\/shahid.mbc.net\/en\/shows\/Seen-season-1\/season-980291-874716\" style=\"\" rel=\"noopener\">Shahid<\/a> and <a target=\"_blank\" href=\"https:\/\/www.netflix.com\/watch\/81613689?trackId=255824129\" style=\"\" rel=\"noopener\">Netflix<\/a>. <\/p>\n\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> <!-- 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272.971L91.132 467.314c-9.373 9.373-24.569 9.373-33.941 0l-22.667-22.667c-9.357-9.357-9.375-24.522-.04-33.901L188.505 256 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=\"592368\" 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=\"592368\">\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\/2023\/08\/03\/what-the-markets-are-doing-on-3-august-2023\/\">\r\n                            What the markets are doing on 3 August, 2023                        <\/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\/2023\/08\/03\/what-the-markets-are-doing-on-3-august-2023\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" 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2023&url=https:\/\/enterpriseam.com\/egypt\/2023\/08\/03\/what-the-markets-are-doing-on-3-august-2023\/\">\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\/2023\/08\/03\/what-the-markets-are-doing-on-3-august-2023\/&title=What the markets are doing on 3 August, 2023\">\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=What+the+markets+are+doing+on+3+August%2C+2023+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F08%2F03%2Fwhat-the-markets-are-doing-on-3-august-2023%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\/2023\/08\/03\/what-the-markets-are-doing-on-3-august-2023\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-592368\" class=\"content-area-description single-story post-592368 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<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.119d3fd4-5038-4608-802a-53712522ff78.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EARNINGS WATCH-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sidi Kerir Petrochemicals\u2019 net income after tax rose to EGP 1.21 bn in 1H 2023<\/strong>, rising 158% y-o-y, according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/8\/179.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company\u2019s revenues for the period jumped 69.2% y-o-y to EGP 6.56 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MARKET ROUNDUP-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 was almost flat at today\u2019s close<\/strong> on turnover of EGP 1.72 bn (11.5% below the trailing 90-day average). Regional investors were net sellers. The index is up 19.5% YTD.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the green: <\/strong>Sidpec (+3.0%), Oriental Weavers (+2.1%), and Beltone Financial (+2.0%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Eastern Company (-1.4%), Juhayna (-1.0%) and E-finance (-0.9%).<\/p>\n\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=\"592369\" 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=\"592369\">\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\">LIFESTYLE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/03\/tracking-egyptian-consumer-behavior-among-rising-inflationary-pressures\/\">\r\n                            Tracking Egyptian consumer behavior among rising inflationary pressures                        <\/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\/2023\/08\/03\/tracking-egyptian-consumer-behavior-among-rising-inflationary-pressures\/\" 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\/2023\/08\/03\/tracking-egyptian-consumer-behavior-among-rising-inflationary-pressures\/')\">\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\/2023\/08\/03\/tracking-egyptian-consumer-behavior-among-rising-inflationary-pressures\/\">\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=Tracking Egyptian consumer behavior among rising inflationary pressures&url=https:\/\/enterpriseam.com\/egypt\/2023\/08\/03\/tracking-egyptian-consumer-behavior-among-rising-inflationary-pressures\/\">\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\/2023\/08\/03\/tracking-egyptian-consumer-behavior-among-rising-inflationary-pressures\/&title=Tracking Egyptian consumer behavior among rising inflationary pressures\">\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=Tracking+Egyptian+consumer+behavior+among+rising+inflationary+pressures+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2023%2F08%2F03%2Ftracking-egyptian-consumer-behavior-among-rising-inflationary-pressures%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\/2023\/08\/03\/tracking-egyptian-consumer-behavior-among-rising-inflationary-pressures\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/300.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"592370\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/03\/tracking-egyptian-consumer-behavior-among-rising-inflationary-pressures\/300-jpg-20\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/300.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"300.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/300.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2020\/10\/300.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-592369\" class=\"content-area-description single-story post-592369 post type-post status-publish format-standard has-post-thumbnail hentry category-lifestyle tag-consumer-spending tag-enterprisepm tag-inflation tag-lifestyle wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.493b77f8-3d61-43d9-918f-4536b0c1596d.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Where Egyptians are putting their money as inflation + a weaker currency bite:<\/strong> With rising inflationary pressures cutting down on disposable income among Egyptians, consumer behavior has shifted to prioritize their spending and make more strategic choices to sustain their lifestyles, according to NielsenIQ\u2019s 1Q 2023 <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/8\/117.pdf\" style=\"\" rel=\"noopener\">State of the Retail Nation report (pdf)<\/a>. While the value of consumer spending is rising, more or less the same volume of products are being bought, leading to the Egyptian FMCG market seeing a sales value growth of 45.3% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The key takeaway: <\/strong>Egyptian consumers are spending more on the same amount of goods, but are less willing to spend on out-of-home purchases such as dining and entertainment, clothing, and home improvement. However, they are spending more (not necessarily willingly) on utilities, fresh produce and fresh groceries, health and wellness goods and services, transportation costs, and education.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Inflation has been accelerating for the past several months<\/strong>, rising at its fastest-ever rate in June on the back of the impact of multiple currency devaluations combined with higher seasonal demand. Annual urban inflation hit 35.7% y-o-y during the month, while Core inflation \u2014 which strips out volatile items such as food and fuel \u2014 accelerated to 41.0% in June from 40.3% the month before.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WHERE IS THE MONEY GOING?<\/strong> Food and groceries constitute the largest portion of Egyptian consumer expenditures. Categories like dairy and snacking have seen sales volumes decline, but the consumption of ambient food and beverages (products that can be stored unrefrigerated) has increased ever so slightly, indicating a shift towards essential spending and a preference for in-home consumption. This includes the reduction of expenses going towards out-of-home dining and entertainment as well.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Over 50% of Egyptian consumers report their top concern <\/strong><strong>as the<\/strong><strong> increasing food and<\/strong><strong> grocery prices<\/strong>, which constitutes the largest portion of their expenses. This has led to a significant shift towards the consumption of local products, seen in 43% of the categories tracked by NIQ. This is especially true within consumption of categories like detergents, noodles, biscuits, skincare, cheese, and ice cream. This shift is supported by the cost competitiveness of Egyptian manufacturers, 58% of which are cheaper compared to their global counterparts.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Other concerns plaguing Egyptian consumers<\/strong> are, in descending order, utility costs, economic downturn, and fuel and transportation expenses, although the FMCG market volume remains stable. On the whole, Egyptian consumers are less pessimistic than the global average: Whereas nearly half of global consumers (48%) expect current recessionary trends to persist for longer than one year, that figure falls to 37% in Egypt. That doesn\u2019t quite mesh with the findings of our <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4ec72f79-8b38-4b26-9ea6-c813e3136a46\" style=\"\" rel=\"noopener\">2023 Enterprise Reader Poll<\/a>, which found that 38% of respondents see conditions improving over the course of 2023, while 37% don\u2019t see that happening \u2014 and a quarter are uncertain about what the year holds in store.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egyptian consumers limiting their discretionary spending<\/strong>, with 50% cutting expenditures going towards holidays, food delivery\/takeaway, and out-of-home entertainment. However, 39% of the consumers understand that they will be spending more on education, putting us 10 points ahead of the global average. More than 30% of the consumers also expect to spend more on fresh grocery products as well, which comprises the highest portion of Egyptian consumer expenditures.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>To put this in perspective, 53% of the Egyptian consumer population only have enough<\/strong><strong> income to spend on food, shelter, and basic needs<\/strong> (compared to 58% of consumers in Turkey and 24% of consumers in Saudi Arabia). As such, we will continue seeing the trend of nimble spending, wherein consumers seek more affordable shopping channels and local brands, as well as shopping only when necessary and increasing at-home consumption, says NIQ\u2019s North Africa and Levant MD Nihal Elkoussi. These shifts are all designed to \u201cgain the most effective control\u201d of how consumers\u2019 disposable income is used.<\/p>\n\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\/consumer-spending\/\">Consumer spending<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/lifestyle\/\">lifestyle<\/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=\"592371\" 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\/2023\/08\/03\/592371\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-592371\" class=\"content-area-description single-story post-592371 post type-post status-publish format-standard hentry category-the-enterprise-entertainment-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> THE ENTERPRISE ENTERTAINMENT CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">AUGUST<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-3 August (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/traiconevents.com\/fintechegypt\/\" style=\"\">Fintech Revolution Summit<\/a><\/span><span style=\"font-weight:400;\">, Cairo Festival City.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3 August (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/CumxoDqMl0j\/?igshid=ZTJlZmI4ZjZmNw%3D%3D\" style=\"\">Massar Egbari concert<\/a><\/span><span style=\"font-weight:400;\">, Bibliotheca Alexandrina, Alexandria. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>3 August (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/CvM98nCNmY3\/\" style=\"\">Medhat Saleh and Reham Abd El Hakim concert<\/a><\/span><span style=\"font-weight:400;\">, New Alamein Festival 2023, New Alamein. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4 August (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/CvRpmofNh3B\/\" style=\"\">Mounir and Hamid El Shaeri concert<\/a><\/span><span style=\"font-weight:400;\">, New Alamein Festival 2023, New Alamein. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5 August (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/CvUavMmt52F\/\" style=\"\">Elissa and Tamer Ashour concert<\/a><\/span><span style=\"font-weight:400;\">, New Alamein Festival 2023, New Alamein. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>8 August (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/s\/%D8%AC%D8%AF%D9%84-x-%D8%A7%D9%84%D8%B3%D8%A7%D9%82%D9%8A%D8%A9-8-%D8%A7%D8%BA%D8%B3%D8%B7%D8%B3-2023\/1088479965872418\/\" style=\"\">Jadal concert<\/a><\/span><span>, El Sawy <\/span><span>Culturewheel<\/span><span style=\"font-weight:400;\">, El Zamalek, Cairo. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10 August (Thursday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/CvIiyckL43a\/\" style=\"\">Omar Khairat concert<\/a><\/span><span style=\"font-weight:400;\">, the New Alamein Festival 2023, New Alamein. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10 August (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/CvNOfITNHb8\/\" style=\"\">Carole Samaha and Bahaa Sultan concert<\/a><\/span><span style=\"font-weight:400;\">, New Alamein Festival 2023, New Alamein. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10 August (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/CvPuZk7InHG\/\" style=\"\">Jadal concert<\/a><\/span><span style=\"font-weight:400;\">, Bibliotheca Alexandrina, Alexandria. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11 August (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/1736074900145840\/?acontext=%7B%22event_action_history%22%3A[%7B%22surface%22%3A%22home%22%7D%2C%7B%22mechanism%22%3A%22discovery_top_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\" style=\"\">Amr Diab Summer Concert<\/a><\/span><span style=\"font-weight:400;\">, Golf Porto Marina, North Coast. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13 -19 August(Sunday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/s\/%D9%85%D8%B9%D8%B1%D8%B6-%D8%A7%D9%84%D8%B3%D8%A7%D9%82%D9%8A%D8%A9-%D9%84%D9%84%D9%83%D8%AA%D8%A7%D8%A8\/1316913362572845\/?mibextid=RQdjqZ\" style=\"\">El Sawy<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/s\/%D9%85%D8%B9%D8%B1%D8%B6-%D8%A7%D9%84%D8%B3%D8%A7%D9%82%D9%8A%D8%A9-%D9%84%D9%84%D9%83%D8%AA%D8%A7%D8%A8\/1316913362572845\/?mibextid=RQdjqZ\" style=\"\">Culturewheel<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/s\/%D9%85%D8%B9%D8%B1%D8%B6-%D8%A7%D9%84%D8%B3%D8%A7%D9%82%D9%8A%D8%A9-%D9%84%D9%84%D9%83%D8%AA%D8%A7%D8%A8\/1316913362572845\/?mibextid=RQdjqZ\" style=\"\">book fair<\/a><\/span><span style=\"font-weight:400;\">, ElSawy Culturewheel, Zamalek, Cairo. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12 August (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/CumxoDqMl0j\/?igshid=ZTJlZmI4ZjZmNw%3D%3D\" style=\"\">Massar Egbari concert<\/a><\/span><span>, El Sawy <\/span><span>Culturewheel<\/span><span style=\"font-weight:400;\">, Sheikh Zayed, Cairo.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21 August (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/293435623148575\/?acontext=%7B%22event_action_history%22%3A[%7B%22surface%22%3A%22home%22%7D%2C%7B%22mechanism%22%3A%22discovery_top_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\" style=\"\">Akher Zafeer concert<\/a><\/span><span>, El Sawy <\/span><span>Culturewheel<\/span><span style=\"font-weight:400;\">, El Zamalek, Cairo.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>22 August (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/668828008470811\/\" style=\"\">Omar Khairat Live Concert<\/a><\/span><span style=\"font-weight:400;\">, Royal Maxim Palace Kempinski, Cairo. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25 August (Friday): Russ Concert, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/alameinfestival\/\" style=\"\">New Alamein Festival 2023<\/a><\/span><span style=\"font-weight:400;\">, New Alamein. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>21-23 September (Thursday-Saturday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/egypt.letapebytourdefrance.com\/presentation\" style=\"\">L\u2019Etape Egypt<\/a><\/span><span style=\"font-weight:400;\"> by Tour de France, Sharm El Sheikh<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">26 September (Tuesday): Prophet Muhammad\u2019s birthday (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">28 September (Thursday): National holiday in observance of Prophet Muhammad\u2019s birthday (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">6 October (Friday): Armed Forces Day.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">13-20 October (Friday-Friday): El Gouna Film Festival (GFF).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28 October (Saturday): Djs <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/kygoofficial\/posts\/846377006847494\" style=\"\">Kygo, Ti\u00ebsto, Kung and Frank Walker concert<\/a><\/span><span style=\"font-weight:400;\">, Giza Pyramids. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11<\/span><span> November (Saturday):<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/CvNBumENSNV\/?hl=en\" style=\"\">El Gouna Half Marathon 2023<\/a><\/span><span style=\"font-weight:400;\">, El Gouna. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-24 November (Wednesday-Friday): Cairo International Film Festival (CIFF).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2023: The inauguration of the Grand Egyptian Museum.<\/span><\/p>\n\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":592354,"template":"","categories":[],"tags":[],"class_list":["post-592353","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"39cabdc6-049e-4f49-9941-179ee4e81c0b","teaser":"","photo_url":"https:\/\/ent.news\/2021\/9\/3628.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>Powered by cement - 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\/powered-by-cement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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