{"id":623985,"date":"2024-06-13T00:00:00","date_gmt":"2024-06-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=623985"},"modified":"2025-12-17T07:45:24","modified_gmt":"2025-12-17T07:45:24","slug":"happy-eid-folks","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/happy-eid-folks\/","title":{"rendered":"Happy Eid, folks."},"content":{"rendered":"<section id=\"623987\" 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=\"623987\">\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\/2024\/06\/13\/this-evening-turkish-denim-giant-sirikcioglu-to-invest-usd-700-mn-in-a-port-said-factory\/\">\r\n                            THIS EVENING: Turkish denim giant \u015eirik\u00e7io\u011flu to invest USD 700 mn in a Port Said factory                        <\/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\/2024\/06\/13\/this-evening-turkish-denim-giant-sirikcioglu-to-invest-usd-700-mn-in-a-port-said-factory\/\" 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\/2024\/06\/13\/this-evening-turkish-denim-giant-sirikcioglu-to-invest-usd-700-mn-in-a-port-said-factory\/')\">\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\/2024\/06\/13\/this-evening-turkish-denim-giant-sirikcioglu-to-invest-usd-700-mn-in-a-port-said-factory\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=THIS EVENING: Turkish denim giant \u015eirik\u00e7io\u011flu to invest USD 700 mn in a Port Said factory&url=https:\/\/enterpriseam.com\/egypt\/2024\/06\/13\/this-evening-turkish-denim-giant-sirikcioglu-to-invest-usd-700-mn-in-a-port-said-factory\/\">\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\/2024\/06\/13\/this-evening-turkish-denim-giant-sirikcioglu-to-invest-usd-700-mn-in-a-port-said-factory\/&title=THIS EVENING: Turkish denim giant \u015eirik\u00e7io\u011flu to invest USD 700 mn in a Port Said factory\">\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+Turkish+denim+giant+%C5%9Eirik%C3%A7io%C4%9Flu+to+invest+USD+700+mn+in+a+Port+Said+factory+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F06%2F13%2Fthis-evening-turkish-denim-giant-sirikcioglu-to-invest-usd-700-mn-in-a-port-said-factory%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\/2024\/06\/13\/this-evening-turkish-denim-giant-sirikcioglu-to-invest-usd-700-mn-in-a-port-said-factory\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623987\" class=\"content-area-description single-story post-623987 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-denim tag-enterprisepm 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\/2024\/6\/.111d037f-f58e-4d90-b092-fa0c9040420e.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, folks and happy Thursday. <\/strong>Yes, the weekend has finally arrived and we can\u2019t wait to pack up and zoom off into this extended holiday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterprisePM Egypt will be taking a week off. <\/strong>We will be back at the usual time and place on Sunday 23 June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY TODAY<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> Turkey\u2019s \u015eirik\u00e7io\u011flu to invest USD 700 mn in a denim factory in Port Said: <\/strong>Leading Turkish denim fabric manufacturer <a target=\"_blank\" href=\"https:\/\/sirikcioglu.com.tr\/en\/about-us\/\" style=\"\" rel=\"noopener\">\u015eirikcio\u011flu<\/a>, has received an initial approval from the Ministry of Trade and Industry to establish a jeans factory in Port Said with investments amounting to USD 700 mn. News of the project comes on the heels of Minister Ahmed Samir\u2019s visit to Turkey, and is expected to create 5k jobs in its first phase of operation.<\/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\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The G7 are in conference. <\/strong>Earlier today, G7 leaders including US President Joe Biden, UK PM Rishi Sunak, and French President Emmanuel Macron, convened in Italy to attend the conference, hosted by Italian PM Giorgia Meloni. The leaders of the world\u2019s biggest economies are discussing many global issues, but at the forefront is international conflict. The conference will still be in session at the time of publication, but draft conclusions so far point to seeking de-escalation in Ukraine and Gaza. All countries have agreed to send USD 50 bn of aid to Ukraine, tapped from frozen Russian assets. Pope Francis, the first pope to ever attend a G7 summit, is making an appearance to discuss artificial intelligence. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/live-blog\/2024-06-13\/g-7-leaders-summit-day-one?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/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\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/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>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>Chinese shipping and logistics group Cosco Shipping <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9face794-e574-4fde-8007-b955053d60fc\/china%25e2%2580%2599s-cosco-shipping-to-invest-usd-375-mn-in-egypt-in-2024.-plus:-ad-ports-to-take-over-three-tourism-terminals,-taba-maritime-port-construction-to-start-2024-or-2025\" style=\"\" rel=\"noopener\">will invest USD 375 mn<\/a><\/strong><strong> this year<\/strong> to increase its container capacity at various Egyptian ports.<\/li>\n<li><strong>Say hello to the EGX33 Shariah: <\/strong>The bourse\u2019s new shariah-compliant index \u2014 dubbed the EGX33 \u2014 that was officially <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/am\/2024-06-12\/4\" style=\"\" rel=\"noopener\">launched yesterday<\/a> was followed by a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/6\/1172.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> from EGX boss Ahmed El Sheikh <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/74effee2-a8f2-48ca-b477-5a6fd4c8ca67\/the-a-z-of-egypt%25e2%2580%2599s-newly-launched-shariah-compliant-index\" style=\"\" rel=\"noopener\">laying out the ins and outs<\/a> of the long-awaited index.<\/li>\n<li><strong>World Bank holds Egypt\u2019s growth outlook steady: <\/strong>The international lender sees the Egyptian economy growing at a 2.8% clip during the fiscal year 2023-2024, keeping its outlook unchanged from its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9b9e5252-4c7e-4b34-808c-fb4aa5ef7989\/%253cmark%253eworld-bank%253c%2Fmark%253e-cuts-egypt%25e2%2580%2599s-gdp-growth-for-fy-2023%2F24-to-2.8%2525\" style=\"\" rel=\"noopener\">April forecast<\/a>.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong><strong>THE HOLIDAY WEATHER- Expect a scorching weekend, <\/strong>with highs reaching 42-43\u00b0C in the capital and 35-36\u00b0C in Alexandria and Sahel, before cooling throughout the week.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/denim\/\">denim<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623988 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"623988\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/06\/13\/623988\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623988\" class=\"content-area-description single-story post-623988 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.beltoneholding.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/190.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623989\" 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=\"623989\">\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\/2024\/06\/13\/x-is-hiding-the-identity-of-users-who-like-a-post\/\">\r\n                            X is hiding the identity of users who like a post                        <\/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\/2024\/06\/13\/x-is-hiding-the-identity-of-users-who-like-a-post\/\" 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\/2024\/06\/13\/x-is-hiding-the-identity-of-users-who-like-a-post\/')\">\n                   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              <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2024\/06\/13\/x-is-hiding-the-identity-of-users-who-like-a-post\/&title=X is hiding the identity of users who like a post\">\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=X+is+hiding+the+identity+of+users+who+like+a+post+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F06%2F13%2Fx-is-hiding-the-identity-of-users-who-like-a-post%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\/2024\/06\/13\/x-is-hiding-the-identity-of-users-who-like-a-post\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1279.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"623990\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/06\/13\/x-is-hiding-the-identity-of-users-who-like-a-post\/1279-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1279.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1279.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1279.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1279.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623989\" class=\"content-area-description single-story post-623989 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-enterprisepm tag-for-your-commute tag-social-media 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\/2024\/6\/.1e05ecc5-a6a5-46e6-bb70-2000f8dd43c9.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>We can\u2019t decide whether anonymizing likes on X is a good or bad thing. <\/strong>An <a target=\"_blank\" href=\"https:\/\/devcommunity.x.com\/t\/updates-to-support-private-likes-on-the-x-api\/221104\" style=\"\" rel=\"noopener\">in-app<\/a><a target=\"_blank\" href=\"https:\/\/devcommunity.x.com\/t\/updates-to-support-private-likes-on-the-x-api\/221104\" style=\"\" rel=\"noopener\">alert<\/a> \u2014 made by tech mogul and X\u2019s de facto boss Elon Musk \u2014 shocked X users worldwide when they discovered that they will no longer be able to see other users likes, or see another user's likes \u2014 a decision made to enhance privacy on the social media platform, according to <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/technology\/2024\/06\/12\/twitter-likes-hidden-private-x\/\" style=\"\" rel=\"noopener\">The Washington Post<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So<\/strong><strong> what happens now?<\/strong> Users will still be able to see who liked their posts, but other peoples\u2019 likes will become a mystery. Want to revisit a post you enjoyed? Don\u2019t worry, you can still access your likes tab on your profile.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The like feature has been the topic of contention. <\/strong>Even though the platform has not indicated why they\u2019ve made this move, we surmise it might be on account of likes that can come back to haunt high-profile individuals within the growing \u2018cancel culture\u2019. US senator Ted Cruz \u2018liked\u2019 an explicit tweet from his official account in 2017, and eventually blamed it on a wayward staffer, but as we all know, the internet never forgets. Musk has fallen into that trap several times himself, causing users to <a target=\"_blank\" href=\"https:\/\/x.com\/saeeddicaprio\/status\/1800905255812726880?s=46&t=DmkW6VtM9zRjehvYwB1xzw\" style=\"\" rel=\"noopener\">predict<\/a> \u2018likes\u2019 becoming private over a year ago.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/social-media\/\">social media<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623991 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"623991\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/06\/13\/623991\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623991\" class=\"content-area-description single-story post-623991 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.mashreq.com\/en\/uae\/about-us\/our-company\/awards-accolades\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/235.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623992\" 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=\"623992\">\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\/2024\/06\/13\/kevin-hart-films-can-see-the-comedian-up-to-more-antics-in-die-harter\/\">\r\n                            Kevin Hart films can see the comedian up to more antics in Die Harter                        <\/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\/2024\/06\/13\/kevin-hart-films-can-see-the-comedian-up-to-more-antics-in-die-harter\/\" 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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In this film, Kevin Hart plays a fictionalized version of himself, a comedic superstar aspiring to break into the action movie scene, a concept brimming with clever wordplay and layers of humor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The title itself is a witty nod to the iconic action film <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.imdb.com\/title\/tt0095016\/\" style=\"\" rel=\"noopener\">Die Hard<\/a><\/strong><strong>,<\/strong> and a cheeky reference to Hart\u2019s near-death experiences in the first film. The film picks up with Kevin Hart having achieved his dream of becoming an action star, yet still craving more. He aims to elevate his status by performing his own stunts, akin to Tom Cruise.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Enter Karl Stromberg (Greg Kriek), a wealthy villain with a penchant for evil.<\/strong> He sees potential in Hart\u2019s antics and lures him into a dangerous game. Stromberg\u2019s character is a delightful parody, evoking classic Bond villains. The plot thickens as Hart is drawn into a real-life action scenario.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The film relies on familiar jokes about Hart\u2019s height and quirky Mission Impossible-esque<\/strong><strong> stunts,<\/strong> which makes for a light watch that will tickle fans of the comedian or the genre. For those looking to watch the first film, it is available on <a target=\"_blank\" href=\"https:\/\/www.primevideo.com\/detail\/0NYHSFYWJ9N8IBX7DDLWL8S5ZS\/ref=atv_dp_share_cu_r\" style=\"\" rel=\"noopener\">Amazon Prime Video<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WHERE TO WATCH- <\/strong>You can watch the film on <a target=\"_blank\" href=\"https:\/\/www.primevideo.com\/detail\/0LML561ABROCOE5KWQ00FTD2O3\/ref=atv_hm_hom_c_8o26tb_awns_2_2?jic=8%7CEgRzdm9k\" style=\"\" rel=\"noopener\">Amazon Prime Video<\/a> or catch the trailer (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=zCjBWYbP_wQ\" style=\"\" rel=\"noopener\">watch trailer, runtime 2:24<\/a>).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623997 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"623997\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/06\/13\/623997\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623997\" class=\"content-area-description single-story post-623997 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/www.palmhillsdevelopments.com\/en-us\/home\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/206.jpg?ssl=1\"><\/a><\/span><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"623998\" 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=\"623998\">\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\/2024\/06\/13\/what-the-markets-are-doing-on-13-june-2024\/\">\r\n                            What the markets are doing on 13 June 2024                        <\/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\/2024\/06\/13\/what-the-markets-are-doing-on-13-june-2024\/\" 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\/2024\/06\/13\/what-the-markets-are-doing-on-13-june-2024\/')\">\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\/2024\/06\/13\/what-the-markets-are-doing-on-13-june-2024\/\">\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=What the markets are doing on 13 June 2024&url=https:\/\/enterpriseam.com\/egypt\/2024\/06\/13\/what-the-markets-are-doing-on-13-june-2024\/\">\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\/2024\/06\/13\/what-the-markets-are-doing-on-13-june-2024\/&title=What the markets are doing on 13 June 2024\">\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+13+June+2024+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F06%2F13%2Fwhat-the-markets-are-doing-on-13-june-2024%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\/2024\/06\/13\/what-the-markets-are-doing-on-13-june-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-623998\" class=\"content-area-description single-story post-623998 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\/2024\/6\/.e040a293-cb51-4ad3-a6ef-bfd3d22d2ce8.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 rose 1.1% at today\u2019s close<\/strong> on turnover of EGP 2.9 bn (36.2% below the 90-day average). Local investors were net buyers. The index is up 6.1% 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>Abu Qir Fertilizers (+7.7%), Ezz Steel (+4.8%), and Madinet Masr (+4.5%).<\/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 (-5.3%), Egypt Kuwait Holding (-1.0%), and Palm Hills Development (-0.7%).<\/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=\"623999\" 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 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  <p class=\"f-graphik\">Business<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/06\/13\/pianos-motorcycles-and-robots-how-jack-of-all-trades-companies-mastered-diversification-and-market-manipulation\/\">\r\n                            Pianos, motorcycles, and robots: How jack-of-all-trades companies mastered diversification (and market manipulation)                        <\/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 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/735.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"624001\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/06\/13\/pianos-motorcycles-and-robots-how-jack-of-all-trades-companies-mastered-diversification-and-market-manipulation\/735-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/735.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"735.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/735.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/735.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624000\" class=\"content-area-description single-story post-624000 post type-post status-publish format-standard has-post-thumbnail hentry category-business tag-business tag-enterprisepm tag-ever-given 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\/2024\/6\/.70e756fd-d0d5-487d-9989-adb0afc7c764.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>In a global market that demands perpetual growth,<\/strong> companies once content with a single product or service are increasingly spreading their wings to venture into seemingly unrelated territories. The onboarding of different products or acquiring companies with separate offerings can be a strategic gameplan for diversification, but it can sometimes pave the way for market manipulation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A famous example of successful pivoting is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.nintendo.co.jp\/corporate\/en\/history\/index.html\" style=\"\" rel=\"noopener\">Nintendo<\/a><\/strong>, which started out as a playing card company in 1889. Their progression into the video game giant we know now after 88 years of operation wasn\u2019t borne out of desperation \u2014 Nintendo was, up until the launch of their first home video game consoles in 1977, a very successful playing card company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the undisputed monarch of diversification is Yamaha.<\/strong> Their development began when <a target=\"_blank\" href=\"https:\/\/www.yamaha.com\/en\/about\/history\/\" style=\"\" rel=\"noopener\">Yamaha<\/a>, founded just two years before Nintendo, forayed into furniture in 1903 thanks to the expertise of their carpenters, who had up until then been manufacturing reed organs and pianos. After being asked to produce <a target=\"_blank\" href=\"https:\/\/www.yamaha.com\/en\/about\/experience\/innovation-road\/collection\/detail\/0002\/\" style=\"\" rel=\"noopener\">wooden aircraft propellers<\/a> by the government during the interwar period in 1921, Yamaha used the production techniques they acquired as the first building block to motorcycle manufacturing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One thing led to another. <\/strong>The leap from motorcycles to snowmobiles was lateral, and that led to the development of ship engines, which naturally preceded a whole boat. Pools were then built to test the boats, and so started the pool business. In the process of developing a filtration system for the pool, a malfunctioning filter full of algae spurred the biotechnology research branch of the company. As a tribute to their musical roots, the rest of the orchestra joined the lineup, and electric guitars led to amplifiers and microphones and research in digital signal processing.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Standard operation expansion is rarely as organic.<\/strong> More contemporary companies often opt to expand to industries they know are proven winners. And so these companies go to war \u2014 literally. <a target=\"_blank\" href=\"https:\/\/www.honeywellhome.com\/us\/en\/products\/security\/security-systems\/\" style=\"\" rel=\"noopener\">Honeywell<\/a>, the home security company, also produces <a target=\"_blank\" href=\"https:\/\/aerospace.honeywell.com\/us\/en\/products-and-services\/by-catalog\/standard-equipment\/actuation\/missile-actuation?utm_source=google&utm_medium=cpc&utm_campaign=23-aero-ww-dsa-products&utm_content=dyn-en-lp&gad_source=1&gclid=Cj0KCQjwpZWzBhC0ARIsACvjWROj0YnxTFO2MVBK30Jm2azkh8UUO0jiLyX2vF6I4unWWznMMzh_9i4aAleFEALw_wcB\" style=\"\" rel=\"noopener\">missile guidance systems<\/a>. In fact, they were the ones to build the <a target=\"_blank\" href=\"https:\/\/aerospace.honeywell.com\/us\/en\/products-and-services\/product\/hardware-and-systems\/cockpit-systems-and-displays\/flight-controls-and-autopilots\" style=\"\" rel=\"noopener\">autopilot system<\/a> that was used to <a target=\"_blank\" href=\"https:\/\/www.si.edu\/object\/north-american-f-100d-super-sabre%3Anasm_A19781577000\" style=\"\" rel=\"noopener\">drop the nuclear bomb<\/a> on Hiroshima. <a target=\"_blank\" href=\"https:\/\/www.singer.com\/\" style=\"\" rel=\"noopener\">Singer<\/a> are known for their <a target=\"_blank\" href=\"https:\/\/typewriterdatabase.com\/royal.617.typewriter-serial-number-database\" style=\"\" rel=\"noopener\">typewriters<\/a> and sewing machines\u2026 and also <a target=\"_blank\" href=\"https:\/\/www.popularmechanics.com\/military\/weapons\/a23340620\/singer-sewing-machine-company-45-pistol-gun\/\" style=\"\" rel=\"noopener\">guns<\/a>. <a target=\"_blank\" href=\"https:\/\/www.ti.com\/\" style=\"\" rel=\"noopener\">Texas Instruments<\/a>, whose <a target=\"_blank\" href=\"https:\/\/education.ti.com\/en\/products\" style=\"\" rel=\"noopener\">calculators<\/a> tortured most of us, manufacture <a target=\"_blank\" href=\"https:\/\/armourersbench.com\/tag\/texas-instruments-javelin\/\" style=\"\" rel=\"noopener\">rocket launchers<\/a> and other large weapons for the US military.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Acquisition kings: <\/strong>Other companies pivot through acquisitions. Leaving their core brand intact, these companies grow into consumer goods giants by owning a vast portfolio of brands. <a target=\"_blank\" href=\"https:\/\/us.pg.com\/\" style=\"\" rel=\"noopener\">Procter & Gamble<\/a> and <a target=\"_blank\" href=\"https:\/\/www.unilever.com\/\" style=\"\" rel=\"noopener\">Unilever<\/a> are prime examples. Both of these companies\u2019 lists of acquired brands are so long that they need their own Wikipedia pages.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This isn\u2019t a simple matter of multiple offerings.<\/strong> Some companies, like General Motors and Volkswagen, own multiple brands at different price points and\/or with different specifications. On the other hand, many of the competing brands we\u2019re familiar with (and maybe biased towards) are <a target=\"_blank\" href=\"https:\/\/blog.cheapism.com\/brands-owned-by-same-company\/\" style=\"\" rel=\"noopener\">owned by the same company<\/a>. Having multiple products targeted at the same audience enables a company to benefit no matter which route the consumer takes, giving them the <a target=\"_blank\" href=\"https:\/\/uniquebusinessmodels.substack.com\/p\/18-the-illusion-of-choice-business\" style=\"\" rel=\"noopener\">illusion of choice<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s to tell when diversification becomes market manipulation?<\/strong> Lawmakers say it\u2019s all about intent. A company\u2019s intent may allegedly be to increase market share or control a larger portion of the market, but it usually leads to artificially inflating prices. Since consumers rely on their products and don\u2019t have any other options, competitive prices are no longer a concern.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Turns out there is such a thing as putting your eggs in too many baskets. <\/strong>While acquisition isn\u2019t inherently manipulative<strong>, <\/strong>large-scale acquisitions can affect the market in the same way as intentional manipulation. When a company buys up its most significant competitors, the reduced competition can lead to higher prices for consumers because there are fewer options available. If a company monopolizes too much of the market, it becomes subject to antitrust laws for stifling competition.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>This not only applies to consumer goods but also to media and technology.<\/strong> There are currently antitrust cases filed against <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/05\/03\/technology\/google-apple-amazon-meta-antitrust.html\" style=\"\" rel=\"noopener\">Google<\/a>, <a target=\"_blank\" href=\"https:\/\/variety.com\/2020\/digital\/news\/ftc-states-sue-facebook-monopoly-divest-instagram-whatsapp-1234849764\/\" style=\"\" rel=\"noopener\">Meta<\/a>, <a target=\"_blank\" href=\"https:\/\/www.ftc.gov\/news-events\/news\/press-releases\/2023\/09\/ftc-sues-amazon-illegally-maintaining-monopoly-power\" style=\"\" rel=\"noopener\">Amazon<\/a>, and <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/apple-antitrust-monopoly-app-store-justice-department-822d7e8f5cf53a2636795fcc33ee1fc3\" style=\"\" rel=\"noopener\">Apple<\/a> for monopolistic behavior, based on the Federal Trade Commission\u2019s (FTC) <a target=\"_blank\" href=\"https:\/\/www.ftc.gov\/enforcement\/anticompetitive-practices\" style=\"\" rel=\"noopener\">distinction<\/a> between healthy diversification and anti-competitive market practices. The FTC has sued all four companies \u2014 twice in Google\u2019s case \u2014 for employing anticompetitive and illegal strategies to maintain their monopolies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>  <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market manipulation masters:<\/strong> Google is being accused of internet search monopoly, acquiring rivals through anticompetitive mergers, and bullying publishers and advertisers into using the company\u2019s ad technology. The FTC, <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2023\/09\/26\/technology\/ftc-amazon.html\" style=\"\" rel=\"noopener\">alongside 17 states<\/a>, sued Amazon for overcharging sellers using their marketplace and manufacturing artificially higher prices. Apple was sued for blocking competition in the cloud, messaging, and digital wallet market, inflating prices, and restricting how third-party products interact with Apple products after a two-year investigation corroborated by <a target=\"_blank\" href=\"https:\/\/time.com\/6959254\/doj-apple-antitrust-lawsuit-monopoly-iphone\/\" style=\"\" rel=\"noopener\">16 states<\/a>. Meta was taken to the courtrooms by the FTC and <a target=\"_blank\" href=\"https:\/\/variety.com\/2020\/digital\/news\/ftc-states-sue-facebook-monopoly-divest-instagram-whatsapp-1234849764\/\" style=\"\" rel=\"noopener\">40 states<\/a> for monopolizing the social media industry by <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2020\/12\/09\/technology\/facebook-antitrust-monopoly.html?action=click&pgtype=Article&state=default&module=styln-big-tech&variant=show&region=MAIN_CONTENT_1&block=storyline_levelup_swipe_recirc\" style=\"\" rel=\"noopener\">depriving<\/a> consumers of platforms unassociated with the company by buying out Instagram and WhatsApp.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>These lawsuits aren\u2019t punishment for too much growth<\/strong> \u2014 the FTC alleges that instead of improving their products and services for a larger market share and better consumer experiences, these companies have been acting to push out smaller players and prevent their advancement in the space, cementing their monopolies in the name of diversification. All four companies have denied the FTC\u2019s claims and are fighting back, citing lawful intent.<\/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\/business\/\">business<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ever-given\/\">Ever Given<\/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=\"624002\" 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\/2024\/06\/13\/624002\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-624002\" class=\"content-area-description single-story post-624002 post type-post status-publish format-standard hentry category-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> 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\">JUNE<\/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;\">15-20 June (Saturday-Thursday): Eid Al Adha holiday.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13 June (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/events\/hilarity-heights-vol5-13-june\" style=\"\">Hilarity Heights Vol. 5<\/a><\/span><span style=\"font-weight:400;\"> at Rawabet.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16 (Sunday): Ahmed Helmy\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/C7cVz4WurPj\/\" style=\"\">Memo<\/a><\/span><span style=\"font-weight:400;\"> at Grand Nile Tower Hotel.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17 June (Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/969788751095756?active_tab=about\" style=\"\">Tamer Hosny concert<\/a><\/span><span style=\"font-weight:400;\"> at Zed East.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23-24 June (Sunday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/events\/AUC-23JUNE2024\" style=\"\">The Man Eaten By Papers<\/a><\/span><span style=\"font-weight:400;\"> at AUC\u2019s Falaki Theater.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25 June (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/C7wo4AxNJQD\/\" style=\"\">English Book Club<\/a><\/span><span style=\"font-weight:400;\"> discussion at Bibliothek.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26 June (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/events\/1154959212371476\/?acontext=%7B%22event_action_history%22%3A[%7B%22mechanism%22%3A%22discovery_top_tab%22%2C%22surface%22%3A%22bookmark%22%7D]%2C%22ref_notif_type%22%3Anull%7D\" style=\"\">Ali El Haggar concert<\/a><\/span><span style=\"font-weight:400;\"> at ElSawy Culturewheel.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27 June (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/10times.com\/e11r-zgff-3s58\" style=\"\">Cyberx Egypt Summit & Awards 2024<\/a><\/span><span style=\"font-weight:400;\"> at Grand Nile Tower.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27-29 June (Thursday-Saturday): Fabrica's <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/C7hD1ZOt8_7\/?igsh=ZHd6empobThncG5p\" style=\"\">I Love You, You're Perfect, Now Change<\/a><\/span><span style=\"font-weight:400;\"> musical at Rawabet Art Space.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28 June (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/tazkarti.com\/#\/events\/category\/38\" style=\"\">Mohamed Hamaki\u2019s concert<\/a><\/span><span style=\"font-weight:400;\"> at the New Cairo Arena.<\/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;\">30 June (Sunday): June 30 Revolution Day (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>30 June-15 August (Sunday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticketsmarche.com\/event\/5524\" style=\"\">Summer Day Camps<\/a><\/span><span style=\"font-weight:400;\"> at Gems International School.<\/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;\">JULY<\/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;\">7 July (Sunday): National holiday in observance of Islamic New Year (TBC).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-17 July (Sunday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/10times.com\/e1z2-1s3d-0xgh\" style=\"\">Cairo Consultants Forum 2024<\/a><\/span><span style=\"font-weight:400;\"> at Royal Maxim Palace Kempinski.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>23 July (Tuesday): Revolution Day (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\">SEPTEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15 September (Sunday): 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 (Sunday): Armed Forces Day.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>29-30 October (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/platforms-root-technologies.com\/icec-2024\/\" style=\"\">Intelligent Cities Exhibition & Conference (ICEC)<\/a><\/span><span> at Waldorf Astoria.<\/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":623986,"template":"","categories":[],"tags":[],"class_list":["post-623985","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"895958fb-bb96-459e-aa72-ab4e33e63004","teaser":"","photo_url":"https:\/\/ent.news\/2023\/3\/714.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>Happy Eid, folks. - 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\/happy-eid-folks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Happy Eid, 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