Back to the complete issue
Wednesday, 14 November 2018

What we’re tracking on 13 November 2018: Spotify in Egypt, education and the workforce

In miscellany this morning:

Spotify launched yesterday in Egypt and several other Arab markets. The world’s largest streaming music service will be available at a cost of EGP 49.99 per month in Egypt as well as 13 other regional markets, including the UAE and Morocco. Egypt, Saudi Arabia, the UAE, and Morocco are expected to drive the company’s regional growth thanks to their young populations and high smartphone penetration, Claudius Boller, Spotify’s MD in the Middle and Africa, tells Reuters. We tried and were able to make an account by registering here.

Not the Onion: Take your parents to work day is apparently a thing among millennials in the United States. One dude’s mom and dad even show up in t-shirts declaring they are “Josh’s Dad” and “Josh’s Mom.” (WSJ)

The FT’s Rana Foroohar speaks for every business person everywhere in complaining that “most education is now disconnected from the needs of students and the labour market.” And if she thinks is that is bad in America…

PSA- Cool weather with a chance of rain? Temps are expected to continue dropping today and tomorrow, and there’s a chance of heavy rain in the capital city, according to the Meteorological Authority. Look for daytime highs of 23°C and overnight lows of 16°C over the next two days. Our favourite weather app sees the same high and low, but forecasts only a slight chance of morning showers today.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.