Good afternoon, friends. We hope you enjoyed the long weekend — we’re in for a full week this time around. It’s an unusually quiet day on the news front — both at home and abroad, and we’ve got a brisk issue for you this afternoon.
Egypt are in the round of 16 — and Egyptians all over the world are making it clear just how happy they are two days later. A full recap of everything that happened over the break is below, along with tonight’s World Cup fixtures. Elsewhere in today’s issue, we sit down with Amall Askar, founder of the AI-driven media firm Arise, and we have a podcast recommendation for anyone easing back into the week.
First up, the news…
THE BIG STORY ABROAD-
🌐 It’s an unusually quiet Sunday on the wires, with no single story dominating the global front pages. Still getting plenty of ink are the Fourth of July celebrations and the six-day funeral for former Supreme Leader Ayatollah Ali Khamenei, who was killed in US-Israeli strikes at the start of the war in February. Iran’s new supreme leader, Mojtaba Khamenei, remains absent from the funeral.
MEANWHILE- US President Donald Trump reaffirmed his readiness to help broker an end to the Russia-Ukraine war in a phone call with his Russian counterpart Vladimir Putin on Saturday, with Russian presidential aide Yury Ushakov describing the discussion as “businesslike and highly constructive.” The call comes ahead of the Nato summit in Ankara on 7-8 July, where Ukraine is expected to be a central agenda item alongside Iran.
** CATCH UP QUICK on the top stories from today’s EnterpriseAM:
We are returning to the quarterly automatic fuel-pricing mechanism this quarter. The fuel pricing committee will resume reviewing prices every three months, after the government temporarily switched to a cost-recovery model during the subsidy unwind;
The Central Bank of Egypt istightening the ruleson bank investments in corporate and securitization bonds, after a recent rise in lenders’ exposure to the instruments. Banks have six months to bring their internal policies in line with the new framework, which requires board-approved rules for bond investments to be filed with the regulator;
The CBE isexpected to hold interest rates steadyfor the third consecutive time when its Monetary Policy Committee meets this Thursday. Policymakers are expected to stick to a “wait-and-see” approach, anchoring inflation expectations as the market braces for potential domestic subsidy cuts and global monetary constraints.
☀️ TOMORROW’S WEATHER- The heat isn’t going anywhere, folks. In C-town, the mercury is set to peak at 39°C, with a low of 24°C. Up north, expect a high of 31°C and a low of 24°C, according to our favorite weather app. Stay hydrated.
🤖🎬 OUR FOUNDER OF THE MONTH — Every month, Founder of the Month looks at how a successful member of Egypt’s business or startup community got their big break, asks about their experiences running a company, and gets their advice for budding entrepreneurs. Speaking to us this week is Amall Askar (LinkedIn), founder and CEO of Arise Media.
My name is Amall Askar, founder and CEO of Arise Media, a company specializing in AI-powered production solutions in Egypt and the Middle East. We bring together directorial vision and advanced generative technologies to offer integrated solutions for artists, content creators, and production companies. Our focus is on helping creatives bring their ideas to life — particularly the complex ones that traditional budgets simply can’t accommodate — without compromising on artistic quality, while closing the gap between creative ambition and the prohibitive cost of production.
I studied Drama and Dramatic Criticism at the Faculty of Arts at Ain Shams University, graduating in 2020. That gave me a strong academic foundation in vision, storytelling, and dramatic structure for the screen. I started out independently, directing five short films that earned a number of local and international awards. Because films spend long periods doing the festival circuit before generating any return, I moved into corporate marketing — working in advertising and communications at large companies, moving up from graphic designer to video editor to director.
My interest in AI began as a solution to a production problem I’d been living with for years as a director. The dream of making my own film kept getting pushed back because of the cost of traditional shooting and production. When the first wave of AI arrived in 2023, my team and I made a deliberate decision to teach ourselves the tools early, and I decided to use them to finally make the film.
That turned out to be the turning point. The film earned first place in the CinemaTech competition organized by Gemini Africa at the Gouna Film Festival in 2024, with recognition from a jury that included Tarek El Ganainy, Nelly Karim, Mohamed Farag, and Amina Khalil. That’s when I realized that what started as a solution to a personal problem could become a solution for thousands of creatives and companies — and so I decided to found Arise as one of the first Egyptian companies specializing in AI-powered production.
Today, nearly three years in, we’ve built a client base that includes major companies and institutions — among them Orange, E&, Banque Misr, Cairo Bank, and Tesla Dubai. What I believe sets us apart isn’t simply using AI tools well — it’s our background in production and directing, which shows in the quality of what we deliver. We’re also committed to combining quality with speed and on-time delivery, which is the equation companies are looking for in advertising and media production.
Building the company wasn’t easy. Early on, we ran into the reality that many of the more advanced AI tools weren’t available in the Middle East at launch, which meant falling behind. I traveled to Dubai to access specialized training and the latest tools and licenses, so we could operate at the same level as global markets. Arabic presented its own challenge — most models were built for English-language content, while we needed to produce work that sounded natural in Egyptian and Gulf dialects, from lip sync to rhythm to pronunciation. It took months of experimentation and development before we arrived at results reliable enough for commercial advertising and production.
Through all of this, I found that the most misunderstood thing about AI is how it actually works. Some people treat it as a tool that produces finished results at the push of a button — but producing an ad or a short film at professional quality requires long hours of work and human intervention, from building the concept to fine-tuning the visual details to reviewing every scene until it reaches the standard required.
That’s why I don't believe AI will eliminate creative professions — but it will change the rules of competition. Everyone will learn the tools eventually. The real differentiator will remain the idea, the vision, and the ability to use technology in service of a clear goal, whether that’s an advertising campaign, a film, or a commercial project. What I think distinguishes me and Arise is our strong artistic background — we don’t treat this technology as a substitute for creativity, but as a tool for turning creativity into reality.
The business world wasn’t unfamiliar to me — I’d spent years working inside companies — but founding my own was an entirely different experience. I had to learn how to manage the commercial and financial sides of things, negotiations, business meetings. I genuinely enjoy this journey and everything I learn from it day by day. Even the mistakes we made early on weren’t fundamental or catastrophic — they were the normal mistakes any project goes through at the start, and we learned from them to keep developing how we work.
My ambition is for Arise to become more than a production company. We’re working toward investing in technological innovation itself — developing our own platforms and tools for visual content production. We already have a number of projects in early stages.
Alongside that, I feel we have a responsibility to build awareness around AI. I still see many people approaching AI with fear — so I’m working toward building an educational ecosystem that includes workshops, training courses, and possibly a podcast or a dedicated platform, to help creatives understand these tools and use them properly: as a means of supporting ideas, not replacing the people behind them. I also hope we can help a new generation of creatives produce work that would have been impossible before, simply because the budgets weren’t there.
I’m more convinced than ever that tools and software will keep evolving and changing — but directorial vision and the human touch are what give any work its real artistic value. That’s why I’m committed to continuous learning and staying current with everything new in this fast-moving field, so that Arise remains at the forefront of companies using AI for visual production — not just in the Arab world, but globally.
🎧 Creative minds with fascinating ideas are everywhere, but discovering them isn’t always easy. Host Jackson Dahl set out to spotlight some of the online world’s most prolific writers and creators through Dialectic, his podcast presented by Notion.
What to expect: Dialectic is driven by Dahl’s insatiable curiosity about profound ideas, unconventional innovation, and personal revelation. He channels that curiosity into long-form conversations with like-minded thinkers and, as he puts it, “original people.” Guided by his meticulously researched and tailored questions, Dahl sits down with his guests to unpack their ideas in depth in episodes that often stretch to two and three hours. From startup founders, independent writers, tech innovators, investors to athletes, musicians, critics, academics, and other creative individuals on his radar, Dialectic lives up to its name.
What we liked: In one standout episode, Dahl sits down with writer and investor Nicole Seah for a two-hour conversation about her literary and philosophical writing — showcased on her personal blog — and her latest venture, New Ontologies: a platform profiling future-oriented founders. From beauty and the tension between reality and fantasy to Nietzsche, fiction, and much more, the discussion moves fluidly across topics without ever feeling forced. Seah’s knowledge is strikingly impressive, while she and Dahl share personal insights, leaving room to challenge ideas or cultivate new ones together. What we enjoyed was how the podcast doesn’t stick to a strict Q&A format, but rather flows naturally as a curiosity-driven exchange of ideas.
The verdict: Dialectic is for those looking to comfortably settle in and enjoy listening to unhurried, thoughtful conversations. Its long episodes can seem daunting at first, but we found that time flies if you’re truly invested — and trust us, you’ll find something to pique your interest across the podcast’s 50 episodes and counting. If you’re drawn towards more theoretical and mind-stimulating talks, Dialectic deserves a spot on your listening queue.
⚽ Round of 16 action continues today with two decisive fixtures, setting up the quarterfinals.
The Samba Boys vs. Norway: Five-time champions Brazil face Erling Haaland’s Norway in what promises to be a thrilling match, kicking off at 11pm Cairo time at the New York New Jersey stadium. Live on beIN Sports max 1.
The co-hosts vs. the Three Lions: Mexico and England meet in an equally high-stakes fixture, with kick-off at 3am Monday at the Mexico City stadium — a stadium where Mexico have never lost a World Cup match. Harry Kane’s England face the twin challenge of hostile geography and a raucous home crowd. Live on beIN Sports Max 2.
🥅 ICYMI-
Hossam Hassan’s squad makes history: Egypt reached the round of 16 for the first time ever last Friday, beating Australia 4-2 on penalties after a 1-1 draw through regular and extra time. Emam Ashour headed Egypt ahead in the 13th minute — his second goal of the tournament — before Mohamed Hany turned the ball into his own net in the 55th minute. It was Hany’s second own goal of the competition and the 13th of this World Cup overall — a new (and unfortunate) own-goal record.
The Pharaohs then converted all four of their penalties, with Mohamed Salah chipping his effort Panenka-style down the middle before Hossam Abdelmaguid slotted the decisive kick. Egypt now prepares to face defending champions Argentina in a match scheduled for Tuesday at 7pm Cairo time — and we’re holding prayer circles.
ALSO- Cape Verde impresses: Argentina needed extra time to get past a Cape Verde ensemble appearing at their first-ever World Cup, and eventually edging 3-2 on Friday to advance to the round of 16.
First quarterfinal bracket complete: Morocco swept past Canada 3-0 on Saturday evening, before France scraped through against Paraguay — Kylian Mbappé converting a penalty for the only goal in a match marked by physical confrontations and sustained tension throughout. The Atlas Lions and Les Bleus now set up a highly anticipated quarterfinal clash next Thursday.
**Don’t miss out on the fierce competition in the EnterpriseAM Fantasy World Cup — click on this link or use the code 2CUFGASD to join.
🎤 Arab pop icons Nawal El Zoghby and Wael Jassar are taking over the Tiatro Romano festival on Friday, 14 August at Marina 2’s The Roman Theater in El Alamein. The night promises electric live performances with the two singers’ hit songs. The concert kicks off at 10pm, with tickets available on Ticketsmarché.
The EGX30 rose 1.2% at today’s close on turnover of EGP 8.1 bn (6.6% below the 90-day average). Local investors were the sole net buyers. The index is up 22.2% YTD.
In the green: Edita (+3.7%), E-finance (+3.7%), and Kima (+3.4%).
In the red: GB Corp (-2.3%), Orascom Construction (-1.6%), and Eastern Company (-0.5%).