Trump warns of nuclear consequences at G7 + and SpaceX leapfrogs Amazon

Good afternoon, friends. The week is winding down nicely — one more day stands between you and a long weekend, and we intend to help you coast through it. Today we’re looking at the startup making vet bills a little less painful for Egypt’s pet owners, reviewing a fried chicken spot that understands exactly what it’s supposed to be doing, and recapping last night’s World Cup action with an eye on what’s on tonight.

But first, the news…

THE BIG STORY ABROAD-

🌐 “Hell will rain down” if Iran tries to develop a nuclear weapon under the agreement it is set to sign with the US this Friday, President Donald Trump warned at the G7 summit — where the peace agreement has dominated the agenda. The two countries are preparing to sign an interim peace agreement in Switzerland, though the details of the MoU are yet to be published.

Uncertainty remains over the Strait of Hormuz: Shipowners and oil traders are expected to take weeks to confidently resume transit unless the agreement proves material. Oil prices have hit a more-than-three-month low, with Brent falling to USD 80.8 / bbl and WTI sliding to USD 78.2 at time of publication.

^^Read more on: BBC, CNBC, Reuters, Financial Times, and the Guardian.

IN OTHER NEWS- SpaceX continues to make headlines, surging over 8% in pre-market trading today following a record-breaking IPO and a 20% jump on its first full day of trading. SpaceX’s market cap — currently at USD 2.52 tn — stands to hit almost USD 2.7 tn, leapfrogging Amazon to become the world’s fifth-most valuable company. SpaceX announced earlier that it will acquire Anysphere — the company behind AI coding agent Cursor — for USD 60 bn. Musk has also claimed the company could reach USD 1 tn in annual revenue by 2030.

^^Read more on: Business Insider, CNBC, and Reuters.

You can survive a bad investment, but you cannot undo a severance package you never negotiated.

You're at the stage where the questions have shifted: who gets what, whether your estate survives you intact or gets tied up in courts, whether you exit on your terms or let timing decide for you.

Retirement isn't a finish line but a structure problem, and most people get it wrong. It's not because they ran out of money but because they never asked the right questions at the right time.

In the final issue of EnterpriseAM Money Matters, we cover the decisions that define how you exit: estate planning under Egyptian law, what to actually ask your lawyer before you step back, how to read a severance package, when phased retirement makes financial sense — and when cashing out your options is the smartest move you'll make this decade.

Coming straight to your inbox — tomorrow, 17 June.

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

• Hassan Allam’s digital infrastructure arm has committed USD 400 mn for the first phase of a new data center after securing a cloud-computing license from the NTRA. Hassan Allam Digital Infrastructure and Data Center Solutions will execute a phased expansion plan for the facility;
• The EU is putting up EUR 690 mn to upgrade our electricity transmission network and integrate 22 GW of new renewable capacity into the grid by 2030. The agreement is the first concrete project under T-Med;
• Some of the government’s longest-running privatization plays may finally be seeing daylight. Offers are in for military-owned bottled water maker Safi and an IPO timeline has been set for the military’s new retail field vehicle Quick Fuel.

☀️ TOMORROW’S WEATHER- It’s a relatively moderate day on the weather front in the capital tomorrow, with the mercury set to peak at just 34°C, with a low of 23°C. Up north is a cooler story, with a high of 28°C and a low of 20°C, according to our favorite weather app.