Israel launches strikes on Lebanon

👋 Good afternoon, ladies and gents, and happy hump day. We’re only a couple of days away from the weekend — hang in there. The good news? We’re also T-minus two days away from the 2026 World Cup kick-off. In today’s issue, we’re breaking down all things World Cup, listing the friendlies we’re watching tonight, and recommending a hot dog spot that goes above and beyond — perfect for a match watch party.

First up, the news…

THE BIG STORY ABROAD-

🌐 Getting top billing this afternoon are Israel’s fresh strikes on Lebanon, despite US President Donald Trump warning Israeli Prime Minister Benjamin Netanyahu to halt offensives. Israel’s military launched attacks on Tyre and issued an evacuation order for the historic southern Lebanese city’s Christian quarter, urging residents to “move north of the Zahrani river.” The IDF continues to justify the attacks with Hezbollah’s alleged ceasefire violation. Meanwhile, Trump says an agreement with Iran could be reached within “two or three days.”

^^Read more on: CNN, CNBC, and The Guardian.

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** CATCH UP QUICK on the top stories from today’s EnterpriseAM:

• The EGX is rolling out single-stock futures contracts on two of its most liquid names — the Commercial International Bank (CIB) and Talaat Mostafa Group (TMG) — starting Thursday, 18 June;
• UAE-based Alcazar Energy inked a USD 420 mn agreement to operate, manage, maintain, and upgrade the 580 MW Gabal El Zeit wind farm. Alcazar will handle all renovation and efficiency upgrades to boost production capacity, maintaining a minimum output of 580 MW;
• Local fintech unicorn MNT-Halan reached a USD 1.4 bn valuation after securing the first close of a strategic investment round led by Al Ahly Capital Holding. Al Ahly Capital did not disclose the size of the investment or the stake acquired. A second close is currently in the works as part of the ongoing round.

☀️ TOMORROW’S WEATHER- It’s going to be another hot day in Cairo, with the mercury set to peak at 36°C before dropping to a low of 23°C. Along the North Coast, expect a breezy high of just 28°C and a low of 21°C, according to our favorite weather app.