{"id":656657,"date":"2024-12-08T00:00:00","date_gmt":"2024-12-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=656657"},"modified":"2025-12-18T01:54:21","modified_gmt":"2025-12-18T01:54:21","slug":"upgrade-downgrade","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/upgrade-downgrade\/","title":{"rendered":"Upgrade\/downgrade"},"content":{"rendered":"<section id=\"656659\" 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=\"656659\">\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\/12\/08\/bashar-al-assad-has-left-syria-as-decades-long-rule-comes-to-an-end\/\">\r\n                            Bashar Al Assad has left Syria as decades-long rule comes to an end                        <\/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\/12\/08\/bashar-al-assad-has-left-syria-as-decades-long-rule-comes-to-an-end\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" 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href=\"https:\/\/x.com\/intent\/post?text=Bashar Al Assad has left Syria as decades-long rule comes to an end&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/bashar-al-assad-has-left-syria-as-decades-long-rule-comes-to-an-end\/\">\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\/12\/08\/bashar-al-assad-has-left-syria-as-decades-long-rule-comes-to-an-end\/&title=Bashar Al Assad has left Syria as decades-long rule comes to an end\">\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=Bashar+Al+Assad+has+left+Syria+as+decades-long+rule+comes+to+an+end+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F12%2F08%2Fbashar-al-assad-has-left-syria-as-decades-long-rule-comes-to-an-end%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\/12\/08\/bashar-al-assad-has-left-syria-as-decades-long-rule-comes-to-an-end\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/706.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"656660\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/bashar-al-assad-has-left-syria-as-decades-long-rule-comes-to-an-end\/706-jpeg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/706.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"706.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/706.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/706.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-656659\" class=\"content-area-description single-story post-656659 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-tonight tag-enterprisepm tag-middle-east-politics 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\/12\/.ae1b36c8-371f-4f7f-ad2a-f98ccb7a6a60.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 Sunday.<\/strong> We have a packed issue for you today, with all the latest on the domestic and int\u2019l fronts as well as a deep dive into what\u2019s so special about ChatGPT\u2019s new premium offering.<\/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>Ezz Steel may be delisting from the EGX: <\/strong>Ezz Steel\u2019s Board of Directors has voted to begin procedures for delisting its shares from the EGX, with all listed shares to be transferred to their primary market on the London Stock Exchange (LSE), should the move get the general assembly\u2019s greenlight, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/12\/678.pdf\" style=\"\" rel=\"noopener\">EGX statement (pdf)<\/a>. Objecting shareholders can sell their shares back to the company at either the highest closing price during the month preceding the board of directors\u2019 statement \u2014 EGP 119 per share \u2014 or the fair value of the company\u2019s shares as determined by an independent financial advisor registered with the Financial Regulatory Authority. The company has tapped BDO Keys Financial Consulting to carry out the valuation, and will be convening an extraordinary general assembly of the company\u2019s shareholders to vote on the decision.<\/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>IMF program negotiations to conclude by year-end: <\/strong>The government is close to an agreement with the IMF on the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/88de165a-280d-4372-8524-5f1e95099193\/egypt-may-reevaluate-imf-loan-agreement-as-reform-program-amps-up-the-pressure\" style=\"\" rel=\"noopener\">modification<\/a> of some of our reform program\u2019s timelines, with Egypt set to be included on the IMF Executive Board\u2019s agenda before the Christmas holidays, a high-ranking government official told EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The government is talking with the IMF about postponing a fuel hike planned for the end of this month to early March and postponing a subsequent hike in June to September. This would push the timeline for fully eliminating fuel subsidies to June 2026, rather than December 2025, the source said, noting that such a decision would likely help bring down inflation in the interim. One roadblock to ongoing negotiations, however, is Egypt\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/de34903b-1ed8-46a2-833c-f3bf21deaac3\/fuel-subsidies-up-232%2525-in-first-quarter-of-fy-2024-25-despite-price-hikes\" style=\"\" rel=\"noopener\">increased spending on fuel subsidies<\/a>, which has risen 232% y-o-y to EGP 28.5 bn in the first quarter of FY 2024-25 despite <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e1e29b9-af1f-412d-9492-354ca6e76353\/egypt-hikes-fuel-prices-for-the-third-time-this-year\" style=\"\" rel=\"noopener\">three rounds of fuel price hikes<\/a> this calendar year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next? <\/strong>While the government has managed to reach broad agreement with the IMF\u2019s Middle East office around Egypt\u2019s economic performance, it is still awaiting the approval of the Fund\u2019s largest members to finalize the disbursement schedule for the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1c3096e9-f166-49ef-9a8e-8e951a760bad\/imf-set-to-wrap%253cmark%253e-fourth-review%253c%2Fmark%253e-and-green-light-program-amendments-requested-by-egypt\" style=\"\" rel=\"noopener\">USD 1.3 bn loan tranche<\/a> set to be unlocked by the successful conclusion of our loan program\u2019s fourth review.<\/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 ABROAD<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Today\u2019s international headlines are squarely focused on Bashar Al Assad\u2019s apparent fall <\/strong><strong>from power in the early hours of the morning.<\/strong> Assad\u2019s decades-long rule comes to an end after Syrian rebels seized control of Damascus following a lightning offensive that saw rebels unexpectedly capture large swathes of Aleppo, Idlib, Hama, and Homs governorates. Assad\u2019s whereabouts remain unknown after reportedly fleeing the capital, with the Russian government confirming that the erstwhile president had left Syria. The rebel coalition has announced plans for a transitional government to be overseen by rebel forces until a peaceful handover of power can be implemented.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Despite joyful celebration from Syrians inside and outside the country, Assad\u2019s fall from <\/strong><strong>grace has been met with a markedly more ambivalent response from governments around the world<\/strong>, with the US pledging to maintain its presence in eastern Syria \u201cto prevent an Islamic State resurgence.\u201d Turkish-backed forces are advancing in northern Syria's Manbij, heightening concerns over potential clashes with US-backed Kurdish forces. Gulf states like UAE have in turn voiced fears over extremist groups gaining influence, with the Turkish government echoing calls for an \u201cinclusive\u201d new administration. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/syria-rebels-celebrate-captured-homs-set-sights-damascus-2024-12-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/a953b073-6694-4f1e-aa82-441be747dff3\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-08\/syrian-tv-says-assad-s-government-has-fallen-after-rebel-advance\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/syria-assad-sweida-daraa-homs-hts-qatar-7f65823bbf0a7bd331109e8dff419430\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c8j99447gj1o\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/world\/live-news\/syria-civil-war-12-08-2024\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.washingtonpost.com\/world\/2024\/12\/07\/syria-war-news-israel-hamas-gaza-lebanon\/\" style=\"\" rel=\"noopener\">The Washington Post<\/a> | <a target=\"_blank\" href=\"https:\/\/news.sky.com\/story\/syrian-president-leaves-damascus-on-plane-reports-13269339\" style=\"\" rel=\"noopener\">Sky News<\/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>It looks like the LNG regasification unit docked in Jordan may soon be heading to <\/strong><strong>Ain Sokhna<\/strong>, following an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/475ff2c7-ab80-4fd9-a643-af03a698cd47\/egypt-to-lease-second-lng-floating-regasification-unit-starting-2h-2025\" style=\"\" rel=\"noopener\">agreement<\/a> to lease a unit between US-based New Fortress Energy and Egyptian Natural Gas Holding Company (EGAS) starting in 2H 2025.<\/li>\n<li><strong>Foundever is looking to hire 5k Egyptians over the next four years<\/strong> as part of an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/549a5baf-ceb6-4394-99bd-749bcd12343a\/global-call-center-giant-foundever-to-increase-investments-to-eur-65-mn-to-expand-egypt-operations\" style=\"\" rel=\"noopener\">expansion plan<\/a> under an MoU with the Information Technology Industry Development Agency (ITIDA) that will see it increase its investments to EUR 65 mn to expand its two existing call centers in Cairo and launch a new center in Luxor set to open in 1H 2025.<\/li>\n<li><strong>Your home internet and mobile bill just got pricer: <\/strong>Telecom Egypt (WE) has <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9380fefc-3aff-4923-bdb8-7489a58118af\/egyptian-telecom-operators-hike-mobile-and-internet-prices\" style=\"\" rel=\"noopener\">hiked<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9380fefc-3aff-4923-bdb8-7489a58118af\/egyptian-telecom-operators-hike-mobile-and-internet-prices\" style=\"\" rel=\"noopener\">the price<\/a> of home <a target=\"_blank\" href=\"https:\/\/te.eg\/wps\/portal\/te\/Personal\/WE-SPACE\/\" style=\"\" rel=\"noopener\">internet packages<\/a> by up to 31% over the weekend and \u2014 alongside other network operators \u2014 increased the price of <a target=\"_blank\" href=\"https:\/\/te.eg\/wps\/portal\/te\/Personal\/Mobile\/Prepaid-Agda3-Sha7na\" style=\"\" rel=\"noopener\">mobile packages<\/a> as well.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"web-image-inner\"><img data-recalc-dims=\"1\" decoding=\"async\" style=\"display: block\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/348.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Inside Industry day \u2014<\/strong> <strong>your weekly briefing of all things industrial in Egypt.<\/strong> Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f TOMORROW\u2019S WEATHER- <\/strong>We\u2019re expecting some hazy sunshine in the capital tomorrow, with the mercury peaking at 24\u00b0C in the morning and dipping to 13\u00b0C in the evening, according to our favorite weather app.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/middle-east-politics\/\">Middle East politics<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"656661 advertiser\" class=\"issue-section enterprise-adv\">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"656661\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/656661\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-656661\" class=\"content-area-description single-story post-656661 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/beltonemortgage.com\/en\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/56.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"656662\" 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=\"656662\">\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\/12\/08\/pay-up-or-compute-out\/\">\r\n                            Pay up or compute out                        <\/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\/12\/08\/pay-up-or-compute-out\/\" target=\"_blank\">\n                    Open in 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data-image-meta=\"[]\" data-image-title=\"687.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/687.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/687.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-656662\" class=\"content-area-description single-story post-656662 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-ai tag-chatgpt tag-enterprisepm tag-for-your-commute tag-openai 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\/12\/.4ee198fa-0f75-41e7-9e65-e367bbb5fae1.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>OpenAI has introduced a new premium version of ChatGPT, priced at USD 200 per <\/strong><strong>month <\/strong>\u2014 ten times more expensive than the current paid version. ChatGPT Pro is tailored for users who have apparently exhausted every possible capability of the current version and are desperate for more computational firepower.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>o1 gets a brain boost. <\/strong>According to <a target=\"_blank\" href=\"https:\/\/techcrunch.com\/2024\/12\/05\/openai-confirms-its-new-200-plan-chatgpt-pro-which-includes-reasoning-models-and-more\/\" style=\"\" rel=\"noopener\">TechCrunch<\/a>, the USD 200 model includes access to an upgraded o1, which offers enhanced capabilities in advanced math, programming, writing, and complex reasoning tasks. An image upload feature has also been added, along with training to be \u201cmore concise in its thinking,\u201d said an OpenAI spokesperson, reducing the chance of error by 34%. Perhaps most impressively, the o1 model has demonstrated a 75% improvement in handling coding competition questions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The downside:<\/strong> Some benchmarks, such as the MLE-Bench, which measures machine learning agent responses, show slightly lower performance compared to the o1 preview model. The AI also takes longer to respond now due to its more deliberate reasoning process. But OpenAI sees this as a positive development, with the company experimenting with models that could potentially take days or even weeks to process a task, all in pursuit of more sophisticated reasoning capabilities. You know, the same way and amount of time it would take a person to do it.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The price tag? Well, that\u2019s just business, darling. <\/strong>Despite its USD 300 mn monthly revenue, OpenAI expects USD 5 bn in losses this year due to the rising costs of AI training infrastructure and staffing. This, alongside pressure from investors, is pushing the company to consider bold moves like this premium plan, <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/09\/27\/technology\/openai-chatgpt-investors-funding.html#:~:text=Roughly%2010%20million%20ChatGPT%20users,five%20years%2C%20the%20documents%20said.\" style=\"\" rel=\"noopener\">doubling the existing Plus-tier subscription<\/a>, and even <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e6c3057e-55e1-4d15-aedf-c5f6e2590061\/could%253cmark%253e-ads%253c%2Fmark%253e-be-headed-to-chatgpt%3F\" style=\"\" rel=\"noopener\">ad integration<\/a>.<\/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>Google Search is getting a makeover. <\/strong><a target=\"_blank\" href=\"https:\/\/cloud.withgoogle.com\/next\/25\" style=\"\" rel=\"noopener\">Google<\/a> \u2019s CEO Sundar Pichai announced, during the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/12\/04\/business\/dealbook\/google-ai-sundar-pichai.html\" style=\"\" rel=\"noopener\">NYT\u2019s DealBook Summit<\/a>, that 2025 would see a \u201cprofound change\u201d to Google that will enable Search to tackle far more complex questions than ever before, <a target=\"_blank\" href=\"https:\/\/www.theverge.com\/2024\/12\/5\/24314245\/sundar-pichai-google-search-change-profoundly-2025\" style=\"\" rel=\"noopener\">The Verge<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The plan is already in motion: <\/strong>Google has introduced <a target=\"_blank\" href=\"https:\/\/www.theverge.com\/2024\/5\/14\/24155321\/google-search-ai-results-page-gemini-overview\" style=\"\" rel=\"noopener\">AI generated search summaries<\/a> and revamped its <a target=\"_blank\" href=\"https:\/\/www.theverge.com\/2024\/10\/3\/24259759\/google-lens-search-video-ai-launch\" style=\"\" rel=\"noopener\">Lens feature<\/a> to allow video-based searches, giving users a new way to look for content. Pichai also hinted at an update to Google\u2019s <a target=\"_blank\" href=\"https:\/\/www.theverge.com\/2024\/10\/25\/24279600\/google-next-gemini-ai-model-openai-december\" style=\"\" rel=\"noopener\">Gemini<\/a> AI model to make its content generation more intuitive and precise.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s an effort to stay ahead in the competitive AI landscape.<\/strong> Earlier this year, Microsoft CEO Satya Nadella claimed Google should have been the \u201c <a target=\"_blank\" href=\"https:\/\/www.businessinsider.com\/satya-nadella-google-default-winner-ai-race-microsoft-2024-3\" style=\"\" rel=\"noopener\">default winner<\/a> \u201d in the AI race. Pichai's response included highlighting Google\u2019s independent advancements, and that Microsoft is reliant on OpenAI to power its tools.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ai\/\">AI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/chatgpt\/\">ChatGPT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/openai\/\">OpenAI<\/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=\"656664 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=\"656664\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/656664\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-656664\" class=\"content-area-description single-story post-656664 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\/sustainability\/climb2change\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1257.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"656665\" 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=\"656665\">\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\">ON THE TUBE TONIGHT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/what-if-a-machine-told-you-who-you-could-be\/\">\r\n                            What if a machine told you who you could be?                        <\/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\/12\/08\/what-if-a-machine-told-you-who-you-could-be\/\" 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\/12\/08\/what-if-a-machine-told-you-who-you-could-be\/')\">\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\/12\/08\/what-if-a-machine-told-you-who-you-could-be\/\">\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 if a machine told you who you could be?&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/what-if-a-machine-told-you-who-you-could-be\/\">\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\/12\/08\/what-if-a-machine-told-you-who-you-could-be\/&title=What if a machine told you who you could be?\">\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+if+a+machine+told+you+who+you+could+be%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F12%2F08%2Fwhat-if-a-machine-told-you-who-you-could-be%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\/12\/08\/what-if-a-machine-told-you-who-you-could-be\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/680.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"656666\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/what-if-a-machine-told-you-who-you-could-be\/680-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/680.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"680.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/680.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/680.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-656665\" class=\"content-area-description single-story post-656665 post type-post status-publish format-standard has-post-thumbnail hentry category-on-the-tube-tonight tag-enterprisepm tag-on-the-tube-tonight tag-shows tag-the-big-door-prize 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\/12\/.9a6289b0-3141-4254-8d3d-f39e879f303f.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>? What would you do if you could find out your life\u2019s true purpose? <\/strong>A mysterious machine appears in a grocery store in a small town in Louisiana, promising to reveal each resident\u2019s true life potential with a few pushes of a button. <a target=\"_blank\" href=\"https:\/\/www.imdb.com\/title\/tt14761860\/\" style=\"\" rel=\"noopener\">The Big Door Prize<\/a> is an existential but heartwarming dramedy based on M.O. Walsh\u2019s <a target=\"_blank\" href=\"https:\/\/www.goodreads.com\/book\/show\/51834227-the-big-door-prize\" style=\"\" rel=\"noopener\">novel<\/a> of the same name, and follows the town as this machine tears them apart and brings them back together.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>While each episode focuses on a different character,<\/strong> at the center of it all is Dusty Hubbard (Chris O\u2019Dowd), a high school teacher and ordinary family man whose life is upended by the machine\u2019s ripple effects. The show isn\u2019t just about the supernatural machine, it\u2019s about the human desire to understand oneself and the dreams we\u2019ve either never pursued or abandoned.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The cast brings remarkable depth to the small-town narrative.<\/strong> Each character approaches the results of the machine differently \u2014 some with hope, some with skepticism, and some with a mixture of excitement and terror. O\u2019Dowd delivers a wonderful performance as Dusty, capturing both comedic frustration and profound vulnerability as he grapples with the machine\u2019s revelations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Disclaimer: <\/strong>After a two-season run, the show was cancelled. While you could read the book for closure, those who have done so feel like the show might have taken the plot in a different direction. Regardless, it\u2019s worth the watch.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WHERE TO WATCH IT- <\/strong>The Big Door Prize is streaming on <a target=\"_blank\" href=\"https:\/\/tv.apple.com\/eg\/show\/the-big-door-prize\/umc.cmc.2rjxcljdjz4h47vjdxnytcn23\" style=\"\" rel=\"noopener\">AppleTV+<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/on-the-tube-tonight\/\">On The Tube Tonight<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/shows\/\">shows<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div class=\"stk-row stk-inner-blocks stk-block-content stk-block-carousel__slider-wrapper stk-content-align stk-a38cfb2-column alignwide\">\r\n                <div class=\"stk-block-carousel__slider\" role=\"list\" data-autoplay=\"4000\" data-label-slide-of=\"Slide %%d of %%d\">\r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-46c5f99\" data-v=\"4\" data-block-id=\"46c5f99\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-46c5f99-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-46c5f99-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240927.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/mashreq.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27486.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Rise every day<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-gncs302\" data-v=\"4\" data-block-id=\"gncs302\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-gncs302-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-gncs302-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240928.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.beltoneholding.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27484.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Where disruption meets success<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-96ehun7\" data-v=\"4\" data-block-id=\"96ehun7\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-96ehun7-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-96ehun7-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240936.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/cira.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27480.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Shaping the future of education in Egypt<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div class=\"stk-block-carousel__buttons\"><button class=\"stk-block-carousel__button stk-block-carousel__button__prev\" aria-label=\"Previous slide\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"chevron-left\" class=\"svg-inline--fa fa-chevron-left\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 320 512\" width=\"32\" height=\"32\"><path d=\"M34.52 239.03L228.87 44.69c9.37-9.37 24.57-9.37 33.94 0l22.67 22.67c9.36 9.36 9.37 24.52.04 33.9L131.49 256l154.02 154.75c9.34 9.38 9.32 24.54-.04 33.9l-22.67 22.67c-9.37 9.37-24.57 9.37-33.94 0L34.52 272.97c-9.37-9.37-9.37-24.57 0-33.94z\"><\/path><\/svg><\/button><button class=\"stk-block-carousel__button stk-block-carousel__button__next\" aria-label=\"Next slide\"><svg aria-hidden=\"true\" focusable=\"false\" 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   \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\">Sports<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/egyptian-matches-away-from-home-the-london-derby\/\">\r\n                            Egyptian matches away from home + the London derby                        <\/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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src=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/676.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"656669\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/egyptian-matches-away-from-home-the-london-derby\/676-jpg-15\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/676.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"676.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/676.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/676.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-656668\" class=\"content-area-description single-story post-656668 post type-post status-publish format-standard has-post-thumbnail hentry category-_newspack_sports tag-enterprisepm tag-football tag-sports 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\/12\/.c91400e1-4786-4e5f-9fb3-5a05336d0e67.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>\u26bd Egyptian teams battling the continent:<\/strong> Zamalek, Al Masry, and Pyramids are set to play landmark matches in their respective group stages in the African Champions League and the CAF Cup.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nigeria\u2019s Enyimba will host Zamalek for the second round of Group D matches in the <\/strong><strong>African Confederation Cup at 6pm.<\/strong> In the same group, Al Masry faces Mozambique's Black Bulls at 3pm \u2014 which will still be ongoing at the time of publishing. Zamalek and Al Masry both came out on top in the previous round, and are currently in the lead with three points.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the Champions League, Pyramids faces Mali's Djoliba at 6pm.<\/strong> If they clinch the match, the team will take the lead thanks to Esperance, who posed the biggest threat, drawing its last match and only garnering a total of four points.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Arsenal will be meeting Fulham on the pitch of Craven Cottage for the 15th round of the <\/strong><strong>English Premier League at 4pm.<\/strong> The Gunners have a shot at second place, which will be a short-lived comfort ahead of the London derby.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On that note, Tottenham and Chelsea will be going head to head at 6:30pm.<\/strong> The Spurs are looking to move up in the standings from 11th place with 20 points, while the Blues, who sit in second place with 28 points, hope to narrow the gap between them and the Scouse leaderboard heads, who are seven points ahead.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The remaining Round 15 matches start at 4pm:<\/strong><\/p>\n<ul>\n<li>Leicester City vs. Brighton<\/li>\n<li>Ipswich Town vs. Bournemouth<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>European leagues matches to keep an eye on:<\/strong><\/p>\n<ul>\n<li>Napoli vs. Lazio \u2014 Serie A (9:45pm)<\/li>\n<li>Atletico Madrid vs. Sevilla \u2014 La Liga (10pm) <\/li>\n<\/ul>\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\/football\/\">Football<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"656670\" 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=\"656670\">\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\">OUT AND ABOUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/shape-the-future\/\">\r\n                            Shape the future                        <\/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\/12\/08\/shape-the-future\/\" 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\/12\/08\/shape-the-future\/')\">\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\/12\/08\/shape-the-future\/\">\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=Shape the future&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/shape-the-future\/\">\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\/12\/08\/shape-the-future\/&title=Shape the future\">\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=Shape+the+future+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F12%2F08%2Fshape-the-future%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\/12\/08\/shape-the-future\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-656670\" class=\"content-area-description single-story post-656670 post type-post status-publish format-standard hentry category-out-and-about tag-enterprisepm tag-out-and-about 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\/12\/.fa9c2253-5e29-43f1-925c-23610dbb3eb1.mp3\"><\/audio><\/figure>\n<p class=\"tag-border-left\">MARK YOUR CALENDAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> ? <strong>A transformative experience for your young ones. <\/strong><a target=\"_blank\" href=\"https:\/\/www.instagram.com\/weareyouthsummit\/\" style=\"\" rel=\"noopener\">Youth Summit: Unfiltered<\/a> is packed with inspiring talks, creative competitions, and hands-on mentorship. The summit will take place on Friday and Saturday, 13 and 14 December at the Grand Egyptian Museum. Tickets are available on <a target=\"_blank\" href=\"https:\/\/collardtickets.com\/event\/youth-summit\/\" style=\"\" rel=\"noopener\">Collard Tickets<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to external sources.)<\/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\">HAPPENING THIS WEEK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Connect with fellow bookworms. <\/strong>Diwan is hosting Fiona Michele Ramsey for the <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DC9Jb47oQkU\/\" style=\"\" rel=\"noopener\">launch<\/a> of her book The Double-Edged Sword, to be followed by a discussion. The evening of literature will take place on Tuesday, 10 December at Diwan Zamalek starting 7pm. Arrive early to secure a good seat. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Have a laugh at our most beloved Egyptian proverbs. <\/strong>The Proverbs and Stories Play, directed by Tamer Elgazzar, will offer a comedic take on Egyptian proverbs, their origin, and how they\u2019re used. Attend the play on Thursday, 12 December 7:30 pm at El Nahda Jesuit, Cairo. Tickets are available on <a target=\"_blank\" href=\"https:\/\/collardtickets.com\/event\/proverbs-and-stories-play\/\" style=\"\" rel=\"noopener\">Collard Tickets<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cairo Art Book Fair returns for its third edition. <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DC9wU6NNFRU\/\" style=\"\" rel=\"noopener\">fair<\/a> will take place in Ghurnata, El Montaza in Heliopolis from Thursday, 12 December till Saturday, 14 December featuring various events including seminars, book signings, and more. Tickets can be purchased through <a target=\"_blank\" href=\"https:\/\/www.ticketsmarche.com\/event\/6126\" style=\"\" rel=\"noopener\">Ticketsmarche<\/a> or at the door.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Shop for gifts at the Christmas edition of Cairo Flea Market. <\/strong><a target=\"_blank\" href=\"https:\/\/www.instagram.com\/cairofleamarket\/\" style=\"\" rel=\"noopener\">CFM<\/a> is back on Saturday, 14 December at the <a target=\"_blank\" href=\"https:\/\/www.google.com\/maps\/place\/Aquarium+Grotto+Garden\/@30.0563997,31.2165064,17z\/data=!3m1!4b1!4m6!3m5!1s0x145840df0a890a03:0x28c901d489cc851b!8m2!3d30.0563997!4d31.2190813!16s%2Fg%2F1hhzgfyh0?entry=tts&g_ep=EgoyMDI0MDUyOS4wKgBIAVAD\" style=\"\" rel=\"noopener\">Zamalek Fish Garden<\/a> from 10am to 7pm. The market features local products and artisan crafts, vintage items and collectibles, and pre-loved clothes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Cairo<\/strong><strong> Celebration comes back<\/strong><strong> with a Christmas concert. <\/strong>On Friday, 13 at AUC Tahrir and Saturday, 14 December at Theatro Arkan <a target=\"_blank\" href=\"https:\/\/www.google.com\/url?q=https:\/\/www.instagram.com\/p\/DC_kyvMs6tK\/?hl%3Den%26img_index%3D1&sa=D&source=docs&ust=1733663909311061&usg=AOvVaw1fgELac_2YiHDp0fk1AHxr\" style=\"\" rel=\"noopener\">Cairo Celebration Choir and Orchestra<\/a> will ring in their 25th annual Christmas concert. Tickets are available on Ticketsmarche for <a target=\"_blank\" href=\"https:\/\/www.ticketsmarche.com\/event\/6128\" style=\"\" rel=\"noopener\">Friday<\/a> and <a target=\"_blank\" href=\"https:\/\/www.ticketsmarche.com\/event\/6127\" style=\"\" rel=\"noopener\">Saturday<\/a>.<\/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\">HAPPENING LATER-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Discover the future of blockchain technology<\/strong> at <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/cairoblockchainweek\/\" style=\"\" rel=\"noopener\">Cairo Blockchain Week<\/a>. The event will take place from Sunday, 15 December to Tuesday, 17 December at Dar El Darb in the Cairo Citadel. This is an opportunity to connect with global innovators and leaders and enjoy a closing dinner at the Pyramids. Grab your tickets through <a target=\"_blank\" href=\"https:\/\/allevents.in\/cairo\/cairo-blockchain-week\/80005581120512\" style=\"\" rel=\"noopener\">All Events<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bahaa Sultan and Mahmoud El Esseily are bringing their music to ElMalahy Arena<\/strong> in New Cairo. The <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DDAoykHuGGj\/\" style=\"\" rel=\"noopener\">concert<\/a> will take place on Thursday, 19 December at 8pm. Tickets are available through <a target=\"_blank\" href=\"https:\/\/www.ticketsmarche.com\/event\/6130\" style=\"\" rel=\"noopener\">Ticketsmarche<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Comedian <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DCzOcyyNLlh\/\" style=\"\" rel=\"noopener\">Ali Quandil<\/a><\/strong><strong> brings an evening of laughter to Boom Room<\/strong> in Open Air Mall Madinaty, on Tuesday, 24 December at 8pm. Tickets are available through <a target=\"_blank\" href=\"https:\/\/www.ticketsmarche.com\/event\/6101\" style=\"\" rel=\"noopener\">Ticketsmarche<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s that time of year again... The Nutcracker is returning to the opera. <\/strong>Celebrate the season with The Nutcracker Ballet, performed by the Cairo Opera Ballet Company and Orchestra. The performances will run from December 26 to December 31. Tickets are available on <a target=\"_blank\" href=\"https:\/\/tazkarti.com\/#\/events\/category\/3\" style=\"\" rel=\"noopener\">Tazakarti<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egyptian rapper Afroto will be performing at ElMalahy<\/strong> on Friday, 27 December from 8pm. Tickets are available on <a target=\"_blank\" href=\"https:\/\/www.ticketsmarche.com\/event\/6219\" style=\"\" rel=\"noopener\">Ticketsmarche<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/out-and-about\/\">Out and About<\/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=\"656671\" 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=\"656671\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Ears to the Ground<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/the-spy-who-grew-a-conscience\/\">\r\n                            The spy who grew a conscience                        <\/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\/12\/08\/the-spy-who-grew-a-conscience\/\" 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\/12\/08\/the-spy-who-grew-a-conscience\/')\">\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\/12\/08\/the-spy-who-grew-a-conscience\/\">\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=The spy who grew a conscience&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/the-spy-who-grew-a-conscience\/\">\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\/12\/08\/the-spy-who-grew-a-conscience\/&title=The spy who grew a conscience\">\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=The+spy+who+grew+a+conscience+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F12%2F08%2Fthe-spy-who-grew-a-conscience%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\/12\/08\/the-spy-who-grew-a-conscience\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-656671\" class=\"content-area-description single-story post-656671 post type-post status-publish format-standard hentry category-ears-to-the-ground tag-ears-to-the-ground tag-enterprisepm 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\/12\/.817c4a16-085d-4a02-a1c6-d77d9b58b6a6.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>? Rob Moore is a former television professional-turned-spy.<\/strong> Into the Dirt is the result of a three-year investigation by Tortoise Media, who dig deep into Moore\u2019s morally complex story in the world of corporate intelligence.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Initially hired as an undercover operative to infiltrate an environmental campaign group, <\/strong><strong>Moore is tasked with extracting information for his corporate employers.<\/strong> His story takes an unexpected turn when he gradually becomes sympathetic to the cause. Host Ceri Thomas interviews Moore and those caught up in his lie to unravel the dynamics of Moore\u2019s double life. Neither the activists nor his employers knew the complete truth until 2016, when Moore was unexpectedly exposed. No longer trusted by either side, Moore loses everything.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>For listeners fascinated by investigative journalism and true crime, Into the Dirt will offer <\/strong><strong>more than just an entertaining tale of espionage.<\/strong> It is an exploration of personal transformation, ethical dilemmas, and the stories we tell ourselves to make sense of our actions. By presenting multiple perspectives and refusing simplistic moral judgements, the podcast grapples with complex questions about trust, betrayal, and the line between right and wrong.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WHERE TO LISTEN-<\/strong> You can find Into the Dirt on <a target=\"_blank\" href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/into-the-dirt\/id1691275813\" style=\"\" rel=\"noopener\">Apple Podcasts<\/a>, <a target=\"_blank\" href=\"https:\/\/open.spotify.com\/show\/3fQFwavpYKMdnFjSZEqxle\" style=\"\" rel=\"noopener\">Spotify<\/a>, and <a target=\"_blank\" href=\"https:\/\/shows.acast.com\/into-the-dirt\" style=\"\" rel=\"noopener\">Acast<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.audible.com\/podcast\/Into-The-Dirt\/B0C77XZLHB\" style=\"\" rel=\"noopener\">Audible<\/a>.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ears-to-the-ground\/\">ears to the ground<\/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=\"656672 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=\"656672\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/656672\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-656672\" class=\"content-area-description single-story post-656672 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\/2024\/12\/674.jpg?ssl=1\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"656673\" 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=\"656673\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/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\/12\/08\/what-the-markets-are-doing-on-8-december-2024\/\">\r\n                            What the markets are doing on 8 December 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\/12\/08\/what-the-markets-are-doing-on-8-december-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\/12\/08\/what-the-markets-are-doing-on-8-december-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\/12\/08\/what-the-markets-are-doing-on-8-december-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 8 December 2024&url=https:\/\/enterpriseam.com\/egypt\/2024\/12\/08\/what-the-markets-are-doing-on-8-december-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\/12\/08\/what-the-markets-are-doing-on-8-december-2024\/&title=What the markets are doing on 8 December 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+8+December+2024+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2024%2F12%2F08%2Fwhat-the-markets-are-doing-on-8-december-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\/12\/08\/what-the-markets-are-doing-on-8-december-2024\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-656673\" class=\"content-area-description single-story post-656673 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\/12\/.056c121c-4648-43ee-b60d-59c7896f5c06.mp3\"><\/audio><\/figure>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EGX30 rose 0.7% at today\u2019s close<\/strong> on turnover of EGP 4.7 bn (12.3% above the 90-day average). International investors were the sole net sellers. The index is up 24.8% 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>Telecom Egypt (+4.9%), Palm Hills Development Company (+4.5%) and Elsewedy Electric (+3.1%).<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In the red: <\/strong>Ezz Steel (-2.1%), Juhayna (-1.2%) and Abu Dhabi Islamic Bank (-0.4%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<div class=\"alignfull inside-industry vertical-section wide-section wp-block-group issue-section\" id=\"656674\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27470.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly look at the issues, trends, and policies that are shaping Egypt's manufacturing industries.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27477.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Sunday in EnterprisePM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/inside-industry\/\">\r\n                            Read Inside Industry                            \r\n                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">8<\/div>\r\n\r\n                        <p class=\"f-graphik\">INSIDE INDUSTRY<\/p>\r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/inside_industry\/a-look-at-the-future-of-egypts-food-industry\/\">  \r\n                            A look at the future of Egypt's food industry<\/a>\r\n                        <\/h3>\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\/inside_industry\/a-look-at-the-future-of-egypts-food-industry\/\" 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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This comes as part of a larger goal of tripling the sector\u2019s exports by 2030, while expanding the use of modern tech and sustainability practices to reshape the landscape of local food production, distribution, and consumption, sector sources tell EnterpriseAM. However, several roadblocks stand in the way of achieving these goals \u2014 including high burdens and costs, a lack of sufficient workforce training, and widespread informality in the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s no solid data for Egypt\u2019s food industry:<\/strong> There are no official estimates of the total investment volumes in the local food industry sector, the head of the Federation of Egyptian Industries\u2019 (FEI) food division Ashraf El Gazayerli told us. El Gazayerli estimates that investments in the sector currently exceed EGP 1 tn, split equally between the formally regulated portion of the sector and the informal sector. He expects these combined investments to grow annually by 10-15% per year, with stakeholders aiming to increase this percentage in the future.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The<\/strong><strong> FEI\u2019s food division has nearly doubled to 27k member companies in four years<\/strong>, El Gazayerli noted, up from just 14k companies in 2020. Among these companies, approximately 1.5k are exporters, contributing about 14% of Egypt\u2019s total non-oil exports and placing the food sector as the country\u2019s third most export-oriented sector, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global investors want in on Egypt\u2019s food sector: <\/strong>The sector is currently attracting the attention of global firms, El Gazayerli said, adding that he expects to see significant foreign investments from firms based in Europe and the Gulf. Infrastructure upgrades in the sector such as roads and ports also serve as incentives for investors to inject more investments over the coming years. El Gazayerli also emphasized the need to align with global trade and industrial trends, citing trade tensions between the US and China, which he said could both encourage Chinese investments in Egypt and create opportunities for Egyptian products to enter the US market.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Advanced tech solutions will also play a key role in improving the sector: <\/strong>Incorporating tech solutions that reduce costs, improve quality, and ensure sustainability across the production chain is a key factor in modern investments in the sector, El Gazayerli said, pointing to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aae6db9d-ba00-47ce-a6ca-873528b02da4\/raya-foods-eyes-usd-20-mn-factory-to-boost-exports\" style=\"\" rel=\"noopener\">freeze-drying technology<\/a> as an example of tech that has recently emerged as a promising global trend. Similarly, innovations in herb processing, juice concentrates, and date production are areas ripe for future investments, he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>M&As in the sector could see an increase in the coming period:<\/strong> El Gazayerli told us that he anticipates increased mergers and acquisitions in the food sector in the coming period \u2014 particularly ones involving foreign entities, which could bring a significant amount of FDI into the sector. Local food company Auf Group\u2019s CEO Ahmed Auf told EnterpriseAM that he views the potential increase in M&As as a positive development for the sector, noting that mergers allow larger entities to elevate smaller ones, helping them achieve growth goals at a faster pace.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt isn\u2019t the only country in the region looking to develop its food sector:<\/strong> A growing focus on developing food sector investments in neighboring countries, most notably Saudi Arabia, poses challenges to Egypt's global market share, El Gazayerli said. Countries in the region are now offering incentives to help reduce costs and attract investments in their respective markets \u2014 but Egypt holds a greater competitive advantage in the food sector overall, El Gazayerli said. Ongoing governmental efforts to alleviate burdens across the sector may further improve Egypt\u2019s international competitiveness, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We could become a manufacturing base for food companies:<\/strong> Global food companies, including those from Europe, Turkey, and other countries in the Middle East already maintain manufacturing and export bases in Egypt \u2014 a trend that is expected to grow as companies view Egypt as a strategic and competitive regional hub. Addressing challenges in the sector could provide a significant boost toward achieving export goals, former Food Export Council Chairman Hani Berzi told EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt remains the region\u2019s most cost-competitive option in the food sector<\/strong>, benefiting from lower labor and energy costs, including electricity and gas, Auf said. In addition, the availability of agricultural land, coupled with government initiatives such as affordable industrial land will collectively support local production and strengthen Egypt\u2019s competitiveness.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A growing number of industrial and agricultural zones are a key part of the picture: <\/strong>Industrial real estate developer Polaris Parks signed agreements with the government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7fde11b9-edfc-41b8-b607-2fc31f69ee22\/%253cmark%253epolaris%253c%2Fmark%253e-parks-to-invest-egp-10.5-bn-to-develop-two-new-industrial-parks\" style=\"\" rel=\"noopener\">back in September<\/a> to develop two new major industrial parks in Egypt, with the company having allocated EGP 10.5 bn for the projects. In November, a coalition of Chinese companies was formed to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d752cc1a-ab11-4992-8228-94c292c66d73\/china-to-launch-1-mn-feddan-new-valley-integrated-farming-zone\" style=\"\" rel=\"noopener\">develop an integrated agricultural zone<\/a> spanning 1 mn acres in New Valley Governorate, following discussions between Prime Minister Mostafa Madbouly and representatives from the Egyptian-Chinese Businessmen Association. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Private sector companies have also been expanding their agricultural land holdings of <\/strong><strong>late<\/strong>, with UAE-based Al Dahra\u2019s Egyptian subsidiary Al Dahra Egypt <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1991fbce-b46c-45ef-a30b-ea8ab3844fa9\/uae%25e2%2580%2599s-al%253cmark%253e-dahra%253c%2Fmark%253e-looks-to-invest-usd-230-mn-to-purchase-up-to-90k-feddans,-fund-reclamation\" style=\"\" rel=\"noopener\">planning to invest nearly USD 230 mn<\/a> to add 80-90k acres to its portfolio in the country over the next five years. The Industry Ministry, for its part, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60e4abdd-98ec-4fc6-a26a-e7878239f73c\/egypt-ramps-up%253cmark%253e-industrial-land%253c%2Fmark%253e-offerings-to-spur-local-manufacturing\" style=\"\" rel=\"noopener\">offered over 2.6k land plots<\/a> \u2014 a total of 15 mn square meters \u2014 earlier this month for activities like food processing, engineering industries, pharmaceuticals, chemicals, textiles, and building materials.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>However, lower subsidies for food exports could throw a wrench into our plans to grow <\/strong><strong>the sector:<\/strong> The government reportedly plans to <a target=\"_blank\" rel=\"noopener\">cut food production subsidies<\/a> in the coming period, according to a document viewed by EnterpriseAM last month, with producers set to receive 3% of the total value of exports if their added value exceeds 80%, 2.7% if their added value sits between 70-80%, 2.10% if their added value comes in at 60-70%, and 1.2% if their added value is 35-50%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Currency volatility represents another potential challenge:<\/strong> The FX shortage in 2022 precipitated a crisis in the food industry that has only recently stabilized, Auf said. Stakeholders in the market are now waiting to see whether the current stability of Egypt\u2019s FX reserves will continue, he said, emphasizing the need to maintain the availability of FX as well as price stability. \u201cCurrency moves that range between 7-10% wouldn\u2019t be much of an issue, as that would represent a gradual decline that can be managed. The problem is when the currency is fixed for two or three years and then devalued abruptly by a very high rate, which can be detrimental to any entity, especially smaller entities,\" he told us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Technical expertise is also needed:<\/strong> The industry\u2019s lack of skilled labor and high levels of waste in the sector both represent significant challenges for the food industry, Berzi said, noting the need for stronger capabilities and greater strategic development within the sector. He emphasized the need to create added value by localizing production and focusing on technology that enhances quality and competitiveness. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Food Export Council\u2019s current chairman Mahmoud Bazan echoed these sentiments<\/strong>, telling us that the council is placing emphasis on developing the product, producer, and market to expand manufacturing capabilities and meet consumer demand. The issue of technical know-how is another priority for the council, he added. The sector also employs over 7 mn workers directly and indirectly \u2014 meaning a 10% annual growth rate could generate 700k new jobs annually, he said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The gov\u2019t has big ambitions for the sector:<\/strong> The Madbouly government and the Food Export Council aim to increase the food sector\u2019s revenues to over USD 20 bn by 2030, up from an expected USD 6 bn by the end of this year and USD 7 bn in 2025, Bazan noted.<\/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>Your top industrial development stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Scooter manufacturer Piaggio is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c52512aa-af9f-49b8-946b-42380c5fea25\/piaggio,-ariston,-hitachi,-navigo,-iveco,-salcef-eye-egypt-investments\" style=\"\" rel=\"noopener\">mulling reopening its factory in Egypt<\/a><\/strong>, with the company citing the government\u2019s focus on localising manufacturing and Egypt\u2019s favorable investment climate as driving the company\u2019s interest.<\/li>\n<li><strong>Yemen\u2019s Al Kbous Tea plans to invest c.USD 30 mn in Egypt over the next two <\/strong><strong>years<\/strong> to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b3ffb64-4ae1-46a8-935b-567932e3710e\/china%25e2%2580%2599s-new-hope-group-mulls-usd-100-mn-feed-production-complex.-plus:--futurefert,--madinet-masr-%2B-carrefour,-halliburton,-al-kbous-tea,-egyptian-swiss-group,-innovo,-ecaru\" style=\"\" rel=\"noopener\">boost production capacity and upgrade machinery<\/a>. The investment includes a USD 14 mn coffee factory, spanning 10k sqm, in Sixth of October City set to open in 2027.<\/li>\n<li><strong>A new tire factory incoming: <\/strong>State-owned tire manufacturer Trenco\u2019s Alexandria-based factory \u2014 which manufactures Nisr brand tires \u2014 is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/40a33add-e842-4474-9e12-a1fac2730f08\/arab-organization-for-industrialization-to-set-up-tire-manufacturing-city-with-unnamed-chinese-partner\" style=\"\" rel=\"noopener\">set to be developed in partnership with unnamed European companies<\/a>, with production targeted to start within two years. <\/li>\n<li><strong>Corona to expand its production lines with investments of EUR 3 mn:<\/strong> Local snack maker Corona is set to spend some EUR 3 mn on expanding its production line in Sixth of October City by the end of January, bringing its annual production capacity up by 5k tons to a total of 30k tons, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/premium\/%d9%83%d9%88%d8%b1%d9%88%d9%86%d8%a7-%d9%84%d9%84%d8%b4%d9%8a%d9%83%d9%88%d9%84%d8%a7%d8%aa%d8%a9-%d8%aa%d8%b6%d8%ae-3-%d9%85%d9%84%d8%a7%d9%8a%d9%8a%d9%86-%d9%8a%d9%88%d8%b1%d9%88-%d9%84\/\" style=\"\" rel=\"noopener\">Al Mal<\/a> reports.<\/li>\n<\/ul>\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\/a-look-at-the-future-of-egypts-food-industry\/\">A look at the future of Egypt&#039;s food industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inside-industry\/\">INSIDE INDUSTRY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"656676\" 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\/12\/08\/656676\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-656676\" class=\"content-area-description single-story post-656676 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> <\/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\">DECEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10 December (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/DC9Jb47oQkU\/\" style=\"\">The Double-Edged Sword book launch and discussion<\/a><\/span><span style=\"font-weight:400;\"> at Diwan Zamalek. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11 December (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/DCUTL1MNNR1\/\" style=\"\">Tablet El Set<\/a><\/span><span style=\"font-weight:400;\"> at Boom Room, Open Air Mall Madinaty. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12 December (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/collardtickets.com\/event\/proverbs-and-stories-play\/\" style=\"\">Proverbs and Stories Play<\/a><\/span><span style=\"font-weight:400;\"> at El Nahda Jesuit, Cairo.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-14 December (Thursday-Saturday):<\/span> <span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/DC9wU6NNFRU\/\" style=\"\">Cairo Art Book Fair<\/a><\/span><span style=\"font-weight:400;\"> at Ghurnata, El Montaza in Heliopolis. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13 December (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/collardtickets.com\/event\/aura-festival\/\" style=\"\">Aura Music Festival<\/a><\/span><span style=\"font-weight:400;\"> at Lac Du Caire.<\/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 December (Friday): Cairo Celebration Choir at AUC Tahrir.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13 December (Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/DCwwGPdojSH\/\" style=\"\">Aziz Maraka and Silawi<\/a><\/span><span style=\"font-weight:400;\"> concert at ZED Park.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13-14 December (Friday- Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/weareyouthsummit\/\" style=\"\">Youth Summit: Unfiltered<\/a><\/span><span style=\"font-weight:400;\"> at the Grand Egyptian Museum.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14 December (Saturday): TriFactory\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/pyramidshalfmarathon\/\" style=\"\">The Marakez Pyramids Half Marathon<\/a><\/span><span style=\"font-weight:400;\"> at the Great Pyramids of Giza.<\/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;\">14 December (Saturday): Cairo Celebration Choir at Theatro Arkan.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-17 December (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/cairoblockchainweek\/\" style=\"\">Cairo Blockchain Week<\/a><\/span><span> at Cairo Citadel.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">19 December (Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/DDAoykHuGGj\/\" style=\"\">Bahaa Sultan and Mahmoud El Esseily<\/a><\/span><span> concert at ElMalahy Arena. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24 December (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/DCzOcyyNLlh\/\" style=\"\">Ali Quandil<\/a><\/span><span style=\"font-weight:400;\"> standup comedy at Boom Room, Open Air Mall Madinaty. <\/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;\">27 December (Friday): Afroto at El Malahy.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>31 December (Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.instagram.com\/p\/DCzRjJbtAnz\/\" style=\"\">KAS:ST<\/a><\/span><span style=\"font-weight:400;\"> at Le Lac Du Caire. <\/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;\">JANUARY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">18 January (Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/allevents.in\/ad%20doqi\/founders-live-cairo\/100001049425107747\" style=\"\">Founders Live Cairo<\/a><\/span><span style=\"\"> at Creativa Innovation Hub.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":656658,"template":"","categories":[],"tags":[],"class_list":["post-656657","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"2d241d10-05f8-4bc6-969f-c01c2bb8dfc2","teaser":"","photo_url":"https:\/\/ent.news\/2024\/12\/701.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>Upgrade\/downgrade - 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\/upgrade-downgrade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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