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Lukoil to invest USD 23 mn in oil exploration in Eastern Desert

... (Reuters | BBC | CNN | AP | FT | Forbes) Get Enterprise daily The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox. Subscribe here ☀️ TOMORROW’S WEATHER- If you’re not headed up north, we’d suggest staying indoors tomorrow, as temperatures are set to peak at 38°C, before cooling down to 24°C. U...

Thursday, 17 July 2025

AI might be creating more jobs than it is ending

... one’s career — yet, according to Forbes, AI can help with that.If AI costs you your job, it can get you another. Global consulting firm McKinsey estimates that between 400-800 mn individuals face job displacement by 2030. Yet as many jobs begin to disappear, others are starting to emerge. You can blame (and thank) AI for both. According to Forbes, the right thing for ...

Sunday, 6 July 2025

Is digital marketing in danger?

... swiftly on its way out, according to Forbes. With most search engines veering away from traditional search result rankings in favor of AI-driven results, digital marketing is losing its anchor — search engine optimization.Rewriting the rules. Traditional browsers are slowly exiting the scene as AI platforms take their spot. Case in point: Apple is reportedly considering acquiring ...

Wednesday, 25 June 2025

KUDOS | EnterpriseAM

Forbes ranks Egypt’s 50 top companies

Forbes Middle East is out with its 2025 list of Egypt’s Top 50 Listed Companies, which collectively held a market cap of USD 35.1 bn last April — up 19.6% y-o-y. The listing ranks companies based on income, assets, sales, and market value.The banking and financial services sector continued to dominate the list with 17 companies, while the industrial, real estate, and construction sect...

Thursday, 19 June 2025

How Gen Z can climb a broken career ladder

... to this new era? According to Forbes, the very first step should be to keep your enemy close and embrace AI. The business publication notes that the rising technology has made learning new skills — be they scriptwriting, coding, or otherwise — easier, and encourages viewing AI as a tool to be utilized for one’s own benefit, rather than a competitor. According to LinkedIn’s Work C...

Sunday, 1 June 2025

Musk vs. Gates — the dos and don’ts of leadership

... to ask his team for feedback, Forbes reports, and seems to have a “slow and steady wins the race” approach to things — BI goes as far as calling him a “bespectacled tortoise” to Musk’s chainsaw-wielding hare, and we all know how that story goes. No one doubts Gates’ coding finesse. Gates built his empire from the ground up. The businessman and philanthropist’s approach to leader...

Wednesday, 21 May 2025

ECONOMY | EnterpriseAM

The top ten takeaways from day one of the IMF MENA Research Conference

... economist and academic Kristin Forbes. The key lesson is for monetary authorities to “act preemptively” and focus not just on the inflation peak but the “duration of deviations.”#10- Lessons from Egypt's past industrial policy and the need for a new approach: Egypt's historical experience with industrial policy, such as targeting labor-intensive sectors like ready-made garments, w...

Tuesday, 20 May 2025

Gen Z is saying no to promotions

... approach to work,” according to Forbes. The newest in a slate of emerging work trends is the refusal of leadership roles.What’s Gen Z been up to lately? Avoiding leadership. According to Business Insider, a growing number of Gen Z professionals are practicing “conscious unbossing,” a shift in workplace dynamics that effectively entails refusing promotions that would put them in le...

Monday, 12 May 2025

The future of hiring is in the hands of AI

... their way back, according to FT. Forbes, however, argues that this is just the beginning — that a world where talent is sourced, evaluated, and hired without human interference is imminent, and that human recruiters may find themselves on the other side of the door.

Thursday, 8 May 2025

Cut, camera, industry collapse

... to be affected by the Tariffs, Forbes Middle East reports.Netflix isn’t having a good time, and misery loves company. The White House was quick to issue a statement walking back Trump’s announcement, confirming that no final decision has yet been made on the matter of film tariffs, with several options being explored, according to Reuters. By that point, however? The damage was al...

Tuesday, 6 May 2025

KUDOS | EnterpriseAM

Local fintechs and asset managers make it onto Forbes Middle East’s rankings

Twelve Egyptian fintech players made it onto Forbes Middle East’s Fintech 50 list for the year, making Egypt the second most represented country in the lineup. Leading the region — and nudging Egypt out of top spot by just one — was the UAE with 13 fintechs on the list. This year welcomed Sahl, Khazna, and Klivvr as newcomers to the list. Featured on the list this year: Fawry at #2;MN...

Thursday, 20 March 2025

MOVES | EnterpriseAM

Hoda Mansour tapped as managing director and vice chairman of AngloGold Ashanti’s Sukari Gold Mine

... committee, and has been listed on Forbes Middle East’s list of 100 Most Powerful Businesswomen since 2018.What they said: “Along with her deep business experience and understanding of the regional business environment, Hoda brings an understanding of our operations as well as a track record in leading teams to drive sustainable competitive advantage,” AngloGold Ashanti Senior Vice...

Monday, 17 March 2025

Apple TV+ is now streaming on Android

... single day. But, according to Forbes, the platform lost over half a mn subscribers last year alone, despite spending over USD 20 bn in original content. Ars Technica and Fast Company theorize that this may be a marketing issue — last year, Apple spent USD 19.9 mn on Apple TV+ commercials, just half of what was spent on the latest iPhone.It’s also a quality issue — Apple is commit...

Wednesday, 12 March 2025

PLANET FINANCE | EnterpriseAM

Bybit hack fuels BTC sell-off amid broader market jitters

... in support of digital tokens, Forbes reports.EGX3030,610-0.1% (YTD: +2.9%)USD (CBE)Buy 50.59Sell 50.73USD (CIB) Buy 50.60Sell 50.70Interest rates (CBE)27.25% deposit28.25% lendingTadawul12,112-1.0% (YTD: +0.6%)ADX9,565-0.5% (YTD: +1.6%)DFM 5,318-0.8% (YTD: +3.1%)S&P 5005,955+1.6% (YTD: +1.2%)FTSE 1008,810+0.6% (YTD: +7.8%)Euro Stoxx 505,464-0.2% (YTD: +11.6%)Brent crudeUSD 72.81-...

Sunday, 2 March 2025

KUDOS | EnterpriseAM

Eighteen Egyptians make it onto Forbes Middle East’s 100 Most Powerful Businesswomen list for 2025

The number of Egyptians making it onto Forbes Middle East’s 100 Most Powerful Businesswomen is continuing to climb, with 18 leading figures from Egypt making the 2025 list, up from 17 last year. The UAE dominated the list with 46 entries, with First Abu Dhabi Bank Group CEO Hana Al Rostamani topping the list. Egypt came in second, followed by Saudi Arabia with nine entries. Egyptians...

Monday, 17 February 2025

My Morning Routine: Ibrahim Sagna, executive chairman at Silverbacks Holdings

... creators. Additionally, we work with Forbes local franchises in multiple languages to ensure our portfolio companies gain visibility across key markets.The future of business isn’t necessarily written in the West — it’s being reshaped by regions like the Gulf, where Saudi Arabia, the UAE, and Qatar are investing bns into sports, media, and entertainment. The next 30 years will see...

Thursday, 13 February 2025

GOING GREEN | EnterpriseAM

What did the Environment Ministry get up to last year?

... Minister Yasmine Fouad making it onto Forbes’ Middle East Sustainability Leaders 2024 list. The ministry was also picked up for an ESRI SAG award in November for its efforts applying geographic information systems for the protection and management of biodiversity. Finally, the minister received the Sheikh Zayed II Medal from the UAE’s leader for facilitating climate finance negoti...

Tuesday, 28 January 2025

Is the AI bubble about to burst?

... not like this. Just last week, Forbes published an article prophesizing the bursting of the AI bubble in 2025. Of course, they didn’t mention a Chinese company pulling the switch on Silicon Valley — instead, they cited paltry returns possibly spooking investors or increasing AI regulations limiting innovation. But the overall tone was bullish, hoping that the burst bubble would br...

Tuesday, 28 January 2025

Middle managers are vital to success, but often the first to go

... leadership mandates on the front lines, Forbes writes. They also play an important role in maintaining employees’ performance and well-being, according to McKinsey partner Bryan Hancock.Bezos’ Blue Origin is lifting off into space’s big leagues: Jeff Bezos’ space company Blue Origin successfully launched its New Glenn rocket into Earth’s orbit early Thursday morning, marking a mil...

Thursday, 16 January 2025

CULTURE | EnterprisePM

Is the end near for your paperbacks?

... publishing houses’ 16-25%, writes Forbes. Some authors have found considerable success with this approach, despite questions over the credibility of self-published books and hand-wringing over an overwhelming deluge of new content.In the Arab world — especially in Egypt, Saudi Arabia, and UAE — e-books and audiobooks are on the rise. Amazon Kindle introduced Arabic text support in...

Thursday, 26 December 2024

KUDOS | EnterpriseAM

Beltone Holding CEO Dalia Khorshid honored at Forbes Middle East Women's Summit 2024

... Khorshid was recognized at the Forbes Middle East Women's Summit 2024 for her leadership in the investment sector, according to a statement (pdf). She was recognized for her role in driving the success of Beltone Holding, earning a spot in the 100 Most Powerful CEOs in the Middle East list and being included in Forbes Middle East Sustainability Leaders list for her gr...

Thursday, 26 December 2024

Google’s new platform policies could pose a threat to user privacy

... among many sources of ad tracking, Forbes writes. Even if the search and advertising giant manages to hold on to its web browser, the company is facing down a significantly more competitive search and advertising market — with possible implications for Google’s supremacy in online advertising.Amazon’s new Haul app is now competing for a slice of the Chinese-sourced goods market. R...

Monday, 23 December 2024

Mr. Beast is renting the Giza Pyramids for a YouTube video

... the new capital host the annual Forbes Forum? Forbes International is looking to hold its annual forum at the new capital, Prime Minister Moustafa Madbouly said during a meeting with Forbes Global President Peter Hung, where the two sides followed up on the construction of the Forbes International Tower in the new capital. HAPPENING TODAY- ...

Thursday, 19 December 2024

PLANET FINANCE | EnterpriseAM

BTC hits another record on news of a first-of-its-kind US BTC strategic reserve

... capitalization of approximately USD 15 tn, Forbes reports.SIGN OF THE TIMES? Shares of OQ Base Industries fell 3.6% in Oman yesterday, becoming the third regional IPO in a row to disappoint in their trading debut. Talabat’s USD 2 bn IPO saw its shares on the Dubai Financial Market dip 7% on opening day, while shares of retailer Lulu closed flat in their first day on the ADX.Backgr...

Monday, 16 December 2024

Google’s newest AI agent at your service

... your online personal assistant, Forbes reports.(Tap or click the headline above to read this story with all of the links to external sources.)The brain behind Mariner: Mariner capitalizes on the enhanced reasoning, planning and multi-step capabilities of Gemini 2.0. Unlike its predecessor, which focused on integrating text and image processing, Gemini 2.0 introduces features like ...

Sunday, 15 December 2024