Good afternoon, friends, and kudos to you for making it to the weekend. We’ve got a packed issue today to cap off the week. First up: why does Egypt keep cutting down mature trees while running a 100 mn trees initiative? It’s a question that’s been all over social media for months, and today we get into what’s actually happening and what’s driving it.
Elsewhere in today’s issue: We have Ryan Murphy’s latest Monster installment, which has strong performances and a show around them that doesn’t always know what to do with them. Egypt play Angola tomorrow night, AFCON qualifiers are on alongside the UEFA Nations League, and Tamer Hosny is at Marassi tomorrow if you’re still up north.
Without further ado, the news…
THE BIG STORY ABROAD-
🌐 It’s another busy afternoon on the global front, with several stories getting plenty of ink. US Federal judge Timothy Kelly ordered the Trump administration to restore White House access to CNN, MS Now, and Politico — a ruling that cuts directly against the position Washington staked out in court just a day earlier, which argued that White House access is a “privilege, not a right.” The decision is the latest twist in a week-long standoff that began when major TV networks halted video coverage of the president.
^^Read more on: CNN, NPR, Reuters, The Guardian, BBC, and Associated Press.
IN AI NEWS- Australia launched a rapid review of whether existing legislation is adequate to tackle AI. This comes in direct response to an OpenAI agent breaching a government-run Medicare portal in June, which just came to light. OpenAI has acknowledged its models took unintended actions, though the company said it found no evidence that patient records were accessed. The incident is one of many that have come to light in recent weeks of an AI system going beyond its scope as rapid AI progress continues to raise several red flags.
^^Read more on: BBC, The Guardian, and CNN.
IN THE BUSINESS PRESS- Yields on the US government’s longest-dated bonds climbed to their highest since 2004, driven by a deepening sell-off on the back of inflation and fiscal concerns. The 30-year Treasury yield was up more than three basis points on the day.
^^Read more on: Financial Times, The Wall Street Journal, Reuters, and Bloomberg.

Inside the NBFI firestorm with Hazem Moussa: For a few months, alarms have sounded across the board, cautioning of an impending credit bubble. Are they warranted?
On this episode of Making It, Hazem Moussa, co-founder of Contact Financial Holding, joins Patrick to break down how a bubble in the credit industry actually forms, what regulators should watch out for, the risks on both sides, and the responsibility that lies on the client side — us, the consumers.
Listen to the episode on: Apple Podcasts | Spotify | Anghami | YouTube
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** CATCH UP QUICK on the top stories from today’s EnterpriseAM:
- Traders are moving tankers to Port Said for ship-to-ship transfers and to Sidi Kerir for Saudi oil loadings. This comes as Saudi Arabia partially restarted its East-West pipeline and could resume exports from the Red Sea port of Yanbu after a drone attack took it offline last week;
- Nawy Shares and CI Capital Asset Management (Ciam) signed an agreement to set up and manage real estate investment funds. First subscriptions are targeted for early next year, pending regulatory approvals. The proposed funds would invest in projects under development and completed income-generating assets, with the option to structure individual issuances around specific projects;
- Ten development finance institutions have signed onto Egypt’s USD 520 mn Infrastructure Financing Guarantee Facility, marking the broadest multilateral backing for the vehicle since it was first proposed in July. The African Development Bank, European Investment Bank, European Bank for Reconstruction and Development, Asian Infrastructure Investment Bank, Japan International Cooperation Agency, British International Investment, Agence Française de Développement, International Finance Corporation, Germany’s KfW, and Switzerland’s State Secretariat for Economic Affairs all signaled participation, alongside the World Bank Group;
- CIRA Education exceeded its net enrollment target for the 2026/27 academic year, rising to 84k students from 73.4k in 2025/26 across its K-12 schools and universities. That surpasses its 80k student target and pushes it closer to its 100k mark by 2030. Roughly 17k new students joined CIRA’s network this year, drawn from more than 46k applications and interviews.

We’re honored to have Ahmed Ali Abdelrahman join us as a guest speaker at the 2026 EnterpriseAM Egypt Forum — the AI edition.
Ahmed Ali Abdelrahman is a private equity and investment banking executive with over 30 years of experience across Egypt and the GCC, with a track record spanning deal origination, IPO and M&A execution, and building direct-investment platforms from the ground up. He currently serves as Managing Director and CEO of Post For Investment (PFI), where he oversees a c. EGP 17 bn (USD 340 mn) direct-investment portfolio and structured the firm’s first landmark exit in 2024. Previously, as Group Deputy CEO and CIO of Beltone Financial, he launched three new lending verticals, building an aggregate portfolio of EGP 2 bn within three years.
Join us on 5 October in Cairo. Attendance is by invitation only, and we're close to full capacity.
Request your invitation here.
☀️ TOMORROW’S WEATHER- We’re in for a relatively cool and breezy weekend, folks, so start making some outdoor plans. Cairo will see a reasonable high of just 32°C, with an overnight low of 21°C, according to our favorite weather app.





