Businessmen heading to Egypt are likely be of two types: those who have invested and those who sense that in the aftermath of a revolution that ended three decades of rule by Hosni Mubarak there are opportunities to be had.
Either type will find Cairo changed from previous visits. There is a new vibrancy in discussions taking place in cafes, restaurants and hotel lobbies.
Life has largely returned to normal with the reopening of the stock exchange last week and factories back at full production, but there are signs throughout the city of the month-and-a-half unrest that has transformed the country.
Visitors will find tanks guarding government buildings, but the soldiers spend most of their days posing for pictures with Egyptian children and the odd tourist bearing a flag. There is a joke that the tanks will not be removed until every Egyptian household has a picture of a family member in front of a tank.
Of slight concern for the wandering businessman are the protests that have been sprouting in smaller numbers since Mr Mubarak stepped down on February 11. While there have been no signs of these groups targeting foreigners, they have been occasionally violent. A seemingly calm day in Tahrir Square this month was suddenly marred by a rock fight between entrenched protesters and counter-revolutionaries.
Cairo is also still under a military curfew starting at midnight. While it may be possible to return to your hotel after hours, there is a risk of being stopped. This reporter was held at a checkpoint for half an hour and told he would have to stay there until 6am, but a plainclothes officer eventually allowed passage.
If some leisure time can be found in a busy schedule, this may be the greatest opportunity to visit the tourist sites. Queues for the pyramids of Giza and Museum of Egyptian Antiquities are non-existent, and the stalls of the Khan el-Khalili souq are filled with vendors desperate to give a good deal.
One feature of Cairo life appears to have survived the upheaval: traffic. It will take you much longer to get to a meeting than you expect, so be sure to plan. What may seem an obvious address to the visitor is usually known by some other name among taxi drivers. For instance, Nile Tower - a prominent office block - is better known as Borg Sawiris after the family that developed it.
bhope@thenational.ae
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
UAE currency: the story behind the money in your pockets
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
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- Specialist robotics and science laboratories
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- Disruption Lab and Research Centre for developing entrepreneurial skills
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Three ways to boost your credit score
Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:
1. Make sure you make your payments on time;
2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;
3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
The past winners
2009 - Sebastian Vettel (Red Bull)
2010 - Sebastian Vettel (Red Bull)
2011 - Lewis Hamilton (McLaren)
2012 - Kimi Raikkonen (Lotus)
2013 - Sebastian Vettel (Red Bull)
2014 - Lewis Hamilton (Mercedes)
2015 - Nico Rosberg (Mercedes)
2016 - Lewis Hamilton (Mercedes)
2017 - Valtteri Bottas (Mercedes)
Expert advice
“Join in with a group like Cycle Safe Dubai or TrainYAS, where you’ll meet like-minded people and always have support on hand.”
Stewart Howison, co-founder of Cycle Safe Dubai and owner of Revolution Cycles
“When you sweat a lot, you lose a lot of salt and other electrolytes from your body. If your electrolytes drop enough, you will be at risk of cramping. To prevent salt deficiency, simply add an electrolyte mix to your water.”
Cornelia Gloor, head of RAK Hospital’s Rehabilitation and Physiotherapy Centre
“Don’t make the mistake of thinking you can ride as fast or as far during the summer as you do in cooler weather. The heat will make you expend more energy to maintain a speed that might normally be comfortable, so pace yourself when riding during the hotter parts of the day.”
Chandrashekar Nandi, physiotherapist at Burjeel Hospital in Dubai
Our Time Has Come
Alyssa Ayres, Oxford University Press
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
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The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
Indian origin executives leading top technology firms
Sundar Pichai
Chief executive, Google and Alphabet
Satya Nadella
Chief executive, Microsoft
Ajaypal Singh Banga
President and chief executive, Mastercard
Shantanu Narayen
Chief executive, chairman, and president, Adobe
Indra Nooyi
Board of directors, Amazon and former chief executive, PepsiCo
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BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5