Good afternoon, friends, and welcome back — we’ve got a full week ahead. In today’s issue, we’re taking a look at the AI tools that actually work, where they make a measurable difference, and how to avoid the budget traps. We also have a podcast recommendation for anyone at any stage of building something. That and the latest news.
Up first, the news…
THE BIG STORY ABROAD-
🌐 It’s another afternoon of the US-Iran war leading the headlines. After Washington halted airstrikes on Iran, Iran accused Ukraine of striking one of its vessels in the Caspian Sea — later confirmed by Ukrainian President Volodymyr Zelenskyy. The attack left one sailor dead and another injured. Iran’s foreign ministry summoned a Ukrainian diplomat in Tehran earlier today to protest the “hostile and criminal attack.” Meanwhile, US President Donald Trump maintains that its naval blockade “remains in full effect” despite the halt in strikes.
^^Read more on: CNBC, The Guardian, and Reuters.
MEANWHILE- As the conflict in Iran continues to strain the global oil supply and increase demand for cheaper renewable power, China’s overseas infrastructure program, the Belt and Road Initiative (BRI), has ramped up its green energy financing to USD 20.1 bn in 1Q 2026. BRI investment has gained momentum as US and Israeli attacks on Iran pushed oil and gas prices higher.
^^Read more on: The Financial Times.
The EnterpriseAM Egypt Forum is back — and this year, we’re giving the full day to the one question on every business leader’s mind: What does AI actually mean for your company, your people, and your own job?
Leaders in New York, London, Abu Dhabi, and Singapore are asking the same things, and nobody has built a playbook that works yet. We’re all figuring it out in real time — and for Egypt, the stakes are unusually high.
Egypt could leapfrog a generation on the back of this technology — or watch AI hollow out the industries and jobs we can’t afford to lose. The leaders who get literate early will be the ones who get to decide which road we take.
Every session on stage answers one question: “So, what do I actually do about it?”
Join us on 5 October in Cairo. Seats are limited and attendance is by invitation only.
Request your invitation here.
Become a morning regular
What’s moving Egypt’s economy, in your inbox every weekday. Free, in English or Arabic.
** CATCH UP QUICK on the top stories from today’s EnterpriseAM:
- Egyptian goods covered by the Section 301 investigation entering the US now face a 12.5% tariff — the higher of two rates under a new US forced-labor regime covering 60 trading partners — after President Donald Trump’s temporary 10% global import surcharge expired Friday;
- Egypt’s petroleum product exports surpassed 2.3 mn tons in 1H 2026, matching 2025’s full-year figure, as crude production hit a two-year peak. Backed by an 80% refinery utilization rate that has strengthened domestic supply and cut imports, export volumes are projected to reach 2.5 mn in 2H. Petroleum product exports between January and June 2026 generated some USD 2.3 bn in revenue;
- Aramco is turning to Egypt as traditional Red Sea routes face renewed risk. The Saudi oil giant is offering additional crude cargoes from the Sidi Kerir terminal on a spot basis, as Houthi threats put the Kingdom’s exports through Bab Al Mandab at risk;
- The European Commission disbursed EUR 1.5 bn to Egypt on Thursday, the second of three installments under its ongoing EUR 4 bn Macro-Financial Assistance program. The concessional loan is meant to help Egypt cover part of its financing needs, preserve macroeconomic stability, and keep its economic reform program moving in step with the IMF.

Destination Sahel is back for a second edition — and this year, it’s not just about the beach.
Gulf sovereign wealth funds are pouring bns into the North Coast, Gulf buyers keep showing up despite regional headwinds, and a new 400km master plan could reshape the whole coastline before summer’s out.
Over this season’s series, stay tuned to see who’s really buying Sahel, where the money’s coming from, and what could still go wrong.
Plus, the hotels, restaurants, and openings worth checking out this summer.
Coming straight to your inbox — Wednesday, 29 July.
☀️ TOMORROW’S WEATHER- It’s a sunny day in the capital tomorrow, with highs of 36°C and a breezy low of 24°C. Up north, it’s a few degrees lower as highs go up to just 31°C with a low of 24°C, according to our favorite weather app.





