An actor, a consultant, and a “whiz kid” are building the menswear brand Egypt was missing

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WHAT WE’RE TRACKING TONIGHT

Iran at the UN, Xi at the White House, and the press at the courthouse

Good afternoon, ladies and gentlemen, and happy almost-weekend. We’ve got a fun, light issue this afternoon. First up: we sat down with the three founders of Ash — Egyptian actor Asser Yassin, his brother Islam Yassin, and their partner Seif Shimy — who built a premium menswear brand after spotting a gap in the market.

Elsewhere in today’s issue: a memoir about fostering dogs in New York that Universal has already bought the rights to… and why dating in your 20s isn’t all that different from rescuing dogs, according to its author.

But first, the news…

THE BIG STORY ABROAD-

🌐 Still leading the charge on the digital front pages this afternoon are the latest updates from the UN General Assembly (UNGA) meeting in New York. In case you missed it, the past 24 hours saw US officials meet with Iranian envoys — the first direct meeting since June. Despite Trump threatening in his UN address that he would “annihilate” the Islamic Republic should no agreement be reached to end the war soon, he later told reporters it was a “very good meeting.” Naturally, Iran warned the US against any attacks.

What we’ll be keeping an eye on: Iranian President Masoud Pezeshkian will be one of many world leaders addressing the UNGA today — in the early hours of Thursday, Cairo time. Pezeshkian will be followed by Ukrainian President Volodymyr Zelenskyy, who is reportedly ready for trilateral talks with Russia and the US to end the war in Ukraine.

^^Read more on: BBC, Reuters, Associated Press, CNN, Financial Times, and The New York Times.

ALSO- The US president and his Chinese counterpart Xi Jinping are also getting plenty of ink ahead of their anticipated meeting tomorrow. The trip marks Xi’s first White House visit since 2015, and the agenda is set to include a trade truce nearing expiration, chip export controls, AI safety, China’s economic ties with Iran, and Taiwan. AI, in particular, seems to be the focal point, with reports of tech executives — including Amazon’s Jeff Bezos, OpenAI’s Sam Altman, Apple’s Tim Cook, and Meta’s Mark Zuckerberg, among others — attending a state dinner on Thursday.

^^Read more on: BBC, CNBC, Reuters, and The Guardian.

MEANWHILE- Following a boycott by major TV networks after CNN, Politico, and MS Now sued the administration for banning them from the White House, the US Justice Department said that media outlets can be shut out of the White House at the president’s discretion. This comes after a court filing from the Trump administration argued that access to the White House is a “privilege, not a right,” adding that Trump retains the right to control private areas of the White House to protect national security information.

^^Read more on: CNN and NBC.


Delighted to welcome Hesham Mahran, CEO and managing director of Orange Egypt, as a guest speaker at the 2026 EnterpriseAM Egypt Forum — the AI edition.

Appointed in August 2025, Mahran brings more than 27 years of experience across telecommunications, ICT, and digital transformation. As a long-standing Orange Egypt leader, he previously served as Chief Business Officer, driving the company’s expansion into cloud, cybersecurity, IoT, and enterprise connectivity. Under his leadership, Orange Egypt has become a key partner in Egypt's digital transformation agenda, including "Ask Mariam," Egypt's first AI-powered airport assistant at Cairo International Airport. He has also been closely tied to national infrastructure projects and smart city development, including the New Administrative Capital Data Center.

Join us on 5 October in Cairo. Attendance is by invitation only, and we're close to full capacity.

Request your invitation here.

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

  • The ​​African Export-Import Bank is planning to connect its Pan-African Payment and Settlement System to Egypt’s InstaPay app, and six local banks have already applied to the Central Bank of Egypt for final integration approval. The link-up would let Egyptian traders settle with African counterparts in local currencies rather than relying on USD, cutting the cost and time it currently takes to route a payment through a correspondent bank. We dive into what that means, how it works, and what’s in it for Egypt here;
  • The National Bank of Egypt secured preliminary approval from the Central Bank of the UAE to acquire Banque Misr’s branches in the Emirates. The state-owned lenders say the move aims to integrate their overseas banking presence into a single operation under UAE rules;
  • Egypt’s economy absorbed the Iran war better than almost anyone could have expected seven months ago, supported by a flexible exchange rate, swift policy responses, and comfortable international reserves. But persistent vulnerabilities, including high gross financing needs, heavy short-term debt, and a large state footprint, continue to pose medium-term risks, according to the IMF’s latest Egypt assessment;
  • The European Bank for Reconstruction and Development is lending our friends at EFG Holding USD 40 mn to expand financing for MSMEs — its first direct facility to the parent company. The funds will flow through subsidiaries of EFG Holding’s NBFI platform, EFG Finance, and target businesses in rural areas outside major cities, where it’s hardest to access finance.

☀️ TOMORROW’S WEATHER- If you’ve been looking for a sign to kick off your annual Gilmore Girls rewatch, this is it. Temperatures are starting to cool down in C-town, with tomorrow serving up a sunny, breezy high of 33°C and an overnight low of 23°C, according to our favorite weather app.

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AFTER HOURS: THE BUSINESS OF FASHION

Ash is the Egyptian menswear brand benchmarking itself against Massimo Dutti and Sandro — built by an actor, a consultant, and a senior adviser

👕 The three founders of Ash, the new Egyptian menswear brand, all have day jobs. Egyptian actor Asser Yassin (Instagram) is a household name with mns of followers and fans. His brother and partner, Islam Yassin (LinkedIn), is an accomplished business professional and the founder of 4 Fold Consultancy, a strategic advisory firm. Their third and youngest partner, Seif Shimy (LinkedIn), is a senior consultant at 4 Fold, referred to fondly as ‘the whiz kid’ by Islam Yassin.

None of them had experience in fashion, but all of them spotted a window, shared a passion for clothing, and had the desire to create. “We identified a market gap between local brands with questionable quality and expensive high-end luxury brands that you have to buy abroad or in specialty boutiques,” Asser Yassin tells EnterpriseAM. “If you do a simple matrix comparing quality and price, you’ll find that there is definitely demand for a premium, locally-manufactured product that combines quality fabrics, great design, and excellent fit with reasonable prices,” adds Islam Yassin.

The idea for Ash has been brewing for several years, but the founders began taking concrete steps to develop the brand in January 2025. “I’ve always wanted to start something of my own and clothes are a huge [thing] to me. In the nearly two-year time frame that it took to get Ash up and running, I fell in love not just with clothes but with the entire production process,” Shimy tells EnterpriseAM. “With all its complexities and moving parts,” he adds.

Finding the right design aesthetic

Asser’s first exposure to fashion came through acting. “I [interact] with a lot of stylists on sets and photo shoots. That taught me not only to appreciate fashion, but to also experiment and improvise. I used to be uptight about clothes, but then I learned to try new things. Even if you end up looking foolish, it’s worth trying. That’s how you get to know yourself and test your boundaries. It’s something that we do with acting — you exaggerate, then tone down — until you find that balance that works,” Asser tells us. He’s essentially doing the same thing with Ash.

Finding a designer that could translate their vision into a collection wasn’t easy. “Three things were key: finding the right designer, sourcing premium fabrics, and coming up with the right story to tie it all together. It took time to get those three things right,” says Islam. There was a lot of trial and error on the design front until the partners finally settled on Milan-based Lebanese designer Dima Jbara. She receives detailed briefs from the founders and translates them into a lookbook. While not directly involved in the design process, Asser, who is also a visual artist, says he would “love to have a piece in each collection that he designs or draws himself.”

Ash draws inspiration from Egyptian cultural icons and from works of art and architecture, past and present. “One of the things that makes us unique is that we design in chapters that coincide with seasons and each chapter has a distinct character and style at its core,” Islam explains. “Whenever I take on a role, I have to ensure that there is a story behind the character that I’m portraying, even if it’s not written in the script. That’s how we approach our chapters at Ash,” Asser tells us. “Each chapter has to tell a story.” Chapter 1, “The Beginning,” launched in August 2026. Chapter 2 (the winter collection) is due out sometime between late October and early November.

The operation

Ash imports most of its fabrics and manufactures the majority of its products locally in around 10 different manufacturing facilities. “We manufacture wherever the best-in-class capability exists for a specific garment. For example, our summer knitwear was produced in Turkey, but for our upcoming winter collection, we signed with one of the best local knitwear manufacturers. For linen, we import the fabric and manufacture locally, and we proudly use Egyptian cotton for our T-shirts. Our priority is always quality, with a long-term target of localizing production as Egyptian manufacturing capabilities advance,” Islam says.

The division of labor among the three equity partners is not very rigid because the company is still in its infancy. “Broadly speaking, full accountability sits on my end as the acting CEO. In terms of creative direction, Asser takes the lead. Anything financial is handled by Seif,” Islam tells us. But key decisions are taken jointly. “At 4 Fold we offer a service called ‘COO team,’ where we take on certain leadership responsibilities on behalf of clients. For example, we manage the Baraka Fashion Group, including the upcoming launch of their Karen Wazen stores. Ash is managed by 4 Fold’s COO team, but we have started hiring dedicated full-time staff, including supply chain and marketing teams,” Islam says.

Can a premium local brand like Ash make money in Egyptian menswear, given inflation and decreasing purchasing power? All three partners see strong growth potential for menswear in the Egyptian market and are excited to be entering what can still be considered virgin territory, with the exception of a handful of large established brands like Concrete.

For the price-sensitive consumer, however, the products are aspirational. Tops range between EGP 2.5k-6.5k, while trousers are priced between EGP 3.9k-6.5k. “High margins aren’t our primary goal in the short term; our focus is on building a strong foundation for quality and a loyal customer base,” says Shimy. “We benchmarked ourselves against international brands like Massimo Dutti and Sandro to position our essentials line. The current price point on our website is the sweet spot we plan to maintain for the next three years,” Islam adds.

The branding

Is Asser the Ash Man? His answer to that question is no, despite the fact that his celebrity status could give the nascent brand a strong push in the right direction. But up till now, he has not featured prominently in the brand’s advertising. In the Ash launch video, narrated by him, he only appears in the final frame.

The Ash man could have a connection to Asser’s screen persona. He explains that in some instances, like a character he recently portrayed in a yet-to-be-released movie, Ash, had it existed at the time, could have supplied the character’s wardrobe. “I think it’s important for me and others to represent the brand whether that is on screen in film festivals or magazine photo shoots. That’s something we would definitely consider within our marketing strategy, but I’m definitely not the only face of the brand,” Asser tells us, even though he says he’s been wearing mostly Ash since the brand launched. “It’s genuinely good, very comfortable and good on your skin, and there’s definitely a sense of pride in wearing clothes that you helped create,” he adds.

What’s next?

A physical location in Egypt is in the plan for 2027. The founders also want Ash to have a strong regional presence in the UAE, Saudi Arabia, and Qatar, and maybe an aspirational flagship in a European capital like Barcelona or Milan. “In the short term, we will be offering more products and more wardrobe staples that people want in their closets. That’s my main goal for the upcoming period,” Shimy says.

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Under the Lamplight

Isabel Klee’s debut memoir parallels fostering rescue dogs with dating in your 20s

📚🐕 A charming, messy life… with dogs. That’s exactly what American author Isabel Klee’s memoir, Dogs, Boys, and Other Things I’ve Cried About, is about. The book details the dogs she fostered and her own search for love and belonging in the bustling metropolis of New York. As you’d expect from a book about dogs, it shot straight to the bestseller list upon release, and Universal Studio Group has already bought the rights to adapt it as a series.

What to expect: Klee moved to New York in her 20s, leaving her upstate university behind for a basement apartment in Manhattan. A lifelong dog lover, her first job was as a dog photographer’s assistant before discovering her real calling: rehabilitating rescued dogs and finding them permanent homes, starting with Simon, the puppy she saved from the dog meat trade and her first real love.

The book runs on two parallel tracks: the dogs Klee fosters, and the friendships, parties, and upheavals that shaped that period of her life. It draws a parallel between caring for a dog and navigating dating in your 20s — both require patience, a high tolerance for failure, and knowing when to hold on and when to let go.

What we liked: Klee expertly relates two disparate stories: her first foster and her first love, and she does it brilliantly. We also appreciated the unglamorous details shared honestly, such as those pertaining to the realities of rescue work, far from the romanticized image of a person and their beloved pet.

Our verdict: This is a warm, unpretentious memoir that runs a little under 300 pages and doesn’t quite fit the usual mold of the genre, positively speaking. Klee knew exactly what she was writing and who she was writing it for. We found ourselves genuinely moved at certain moments of loss and genuinely happy at the moments when a frightened animal finally let its guard down and trusted someone after weeks of fear. If you’re looking for something light, with simple prose that still lands emotionally, this is it.

WHERE TO GET IT- The paperback is available through Diwan, and you can find the e-book on Amazon.

This publication is proudly sponsored by

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Mark Your Calendar

Egyptian Clothing Bank’s From Waste to Good Taste returns with a creative take on textile waste

👕♻️ Ever wondered what happens to a donated piece of clothing deemed unsuitable for reuse? The Egyptian Clothing Bank (ECB) is inviting you to its sustainable design experience, From Waste to Good Taste (FWGT), as it returns for its fourth year at The Factory, Al Nabrawi St., Downtown Cairo on Friday, 25 September and Saturday, 26 September. The exhibition transforms the ECB’s donated waste — from garment to scrap — into a curated material system, sorted by color, texture, and pattern, tracing each piece’s journey from repair to distribution.

The event also features curated art installations, hands-on workshops, a shopping floor from Almah, and more. FWGT kicks off at 3pm on Friday and 1pm on Saturday, running until 11pm on both days. You can book your tickets here.

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GO WITH THE FLOW

What the markets are doing on 23 September 2026

The EGX30 fell 1.3% at today’s close on turnover of EGP 9.1 bn (22.2% below the 90-day average). Local investors were the sole net buyers. The index is up 29.6% YTD.

In the green: E-finance (+1.5%), Raya Holding (+0.7%), and Alexandria Containers and goods (+0.5%).

In the red: Heliopolis Housing (-3.7%), Orascom Development (-3.4%), and Rameda (-3.3%).


🗓️SEPTEMBER

6 September - 30 October (Sunday-Friday): Khayal Mareed at Theatro Arkan.

17-26 September (Thursday-Saturday): El Gouna Water Sports Festival.

21 September - 20 October (Monday - Tuesday): International Flower Exhibition at Al Horreya Garden, Zamalek.

25 September (Friday): Tamer Hosny at BDP Beach Marassi.

25 September (Friday): Disco Misr at The Village, Sheikh Zayed.

25 September (Friday): Ma yatlboho el mostame3oun with Ehab Tawfik at CJC 610.

25 September (Friday): Omar El Gamal at Teatro 90.

25 September (Friday): Omar Khairat at Nile University, Sheikh Zayed.

25 September (Friday): Zamalek 5k Run by The TriFactory at Mamsha Ahl Misr.

25-26 September (Friday-Saturday): From Waste to Good Taste by the Egyptian Clothing Bank at The Factory, Al Nabrawi, Downtown Cairo.

26 September (Saturday): John Achkar’s Feena Nehke at Theatro Arkan.

26 September (Saturday): Mahmoud Darwish Poetry Day at Diwan, Heliopolis.

OCTOBER

1-3 October (Thursday-Saturday): Oliver season 3 by Fabrica at Teatro 90.

1-4 October (Thursday-Sunday): She Arts Festival at Ewart Memorial Hall, AUC Tahrir Square.

2 October (Friday): Alaa El Sheikh’s Play Crowd at Theatro Arkan.

2-3 October (Friday-Saturday): Oktoberfest by Work Afters at Tenaya Riverside Dining, Maadi Al Corniche.

5 October (Monday): EnterpriseAM Egypt Forum.

6 October (Tuesday): Armed Forces Day.

8 October (Thursday): Ragheb Allama at Porto El Sokhna.

8-10 October (Thursday-Saturday): Genre-crossing workshop: We Are Not Afraid to Love with Nur Turkmani and Mai Serhan at Ardi, Dahshur.

8-11 October (Thursday-Sunday): Starlight Festival in partnership with Visa at The Great Pyramids of Giza.

9 October (Friday): Abdelrahman Mohamed’s Man3an Lel Ehrag at Teatro 90.

11 October (Sunday): Tamer Ashour Fundraising Concert at Al Qubaah Palace.

11 October - 8 November (Sunday-Sunday): Cairo International Art District by Art D’Egypte at Downtown Cairo.

15-23 October (Thursday-Friday): El Gouna Film Festival.

16 October (Friday): Tul8te at Al Manara Arena.

16-17 October (Friday-Saturday): Ultra Relay Run by The TriFactory at AUC, New Cairo.

16-17 October (Friday-Saturday): Egypt Coffee Festival at Common Grounds in Obour.

17 October (Saturday): Amr Selim at Teatro 90.

17 October (Saturday): Steps Summit at Sodic Sports Club, Sodic Eastown.

17 October (Saturday): Konnect Summit at The Greek Campus, El Tahrir St.

23-24 October (Friday-Saturday): Sukun’s Tulua Wellness Festival at IL Monte Galala, El Sokhna.

24 October (Saturday): Blue 25th Anniversary Tour at New Capital.

28-31 October (Wednesday-Saturday): Egypt’s Cheese Festival at Al Horreya Garden, Zamalek.

29 October (Thursday): Fatma Said at the GEM.

NOVEMBER

4 November (Wednesday): Angham at the New Opera House in the City of Arts and Culture.

5 November (Thursday): Gala De Danza at the Grand Egyptian Museum.

6 November (Friday): Angham at the New Opera House in the City of Arts and Culture.

2-7 November (Monday-Saturday): Barbara O’Neill Wellness Journey at Sheraton Miramar Resort, El Gouna.

11-20 November (Wednesday-Friday): Cairo International Film Festival.

13-14 November (Friday-Saturday): Max Amini at St. Regis, New Capital.

19-28 November (Thursday-Saturday): Cairo Design Week.

21 November (Saturday): El Gouna Half Marathon.

28 November (Saturday): Shakira at The Great Pyramids of Giza.

DECEMBER

4 December (Friday): Ghostly Kisses at Zed Park, Sheikh Zayed.

11-12 December (Friday-Saturday): The Marakez Pyramids Half Marathon at The Great Pyramids of Giza.

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