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WHAT WE’RE TRACKING TONIGHT

Egypt secures LNG shipments through 2026 at total estimated cost of USD 8 bn

Good afternoon, friends, and congratulations on making it to the half-way mark of the workweek. It’s another calm day at home, whereas abroad, the hunger crisis in Gaza continues to dominate global headlines.

THE BIG STORY TODAY-

Egypt has secured LNG shipments through 2026 at a total estimated cost of USD 8 bn, a government source told EnterpriseAM. The final bill may fluctuate based on domestic production and consumption levels, thanks to a built-in flexibility mechanism negotiated with suppliers. Plans for a fifth regasification unit are also underway to accommodate the remaining 46 LNG incoming shipments, we were told.

ICYMI- Electricity consumption hit a new peak at 39.4 GW on Sunday, after a few days of extreme heat pushed energy demand to a series of record highs. Rising demand at home and a fall in domestic supply has pushed Egypt to increasingly rely on LNG imports to keep the lights on and prevent a return to the days of planned outages.


Mark your calendar for the 2025 EnterpriseAM Egypt Forum, our flagship forum and part of our must-attend series of invitation-only, C-suite-level gatherings. Tap to register your interest to attend. Want to partner with us? Reach out to Moustafa Taalab at mtaalab@enterprisemea.com to explore sponsorship opportunities


THE BIG STORY ABROAD-

Gaza’s hunger crisis reaches catastrophic levels. The UN-backed Integrated Food Security Phase Classification issued a food insecurity and malnutrition alert earlier today, noting that the “worst-case scenario of famine” is playing out in Gaza, and warning that lack of immediate action will lead to widespread hunger-related deaths.

While the alert is not an outright formal declaration of famine, it follows an alarmingly increasing rate of malnutrition-caused Palestinian deaths — in the past 24 hours alone, 14 more Palestinians have perished from hunger, according to Gaza’s Health Ministry. For a formal famine declaration to be issued, the IPC requires data that cannot be obtained given the lack of access to the strip.

REMEMBER- Over 100 international aid organizations and human rights groups called for restrictions on aid to be lifted last week. On Sunday, Israel announced a ten-hour daily pause on military operations in Gaza until further notice, allowing aid to enter the strip following international pressure. UN members and Palestinians on the ground, however, said that not much has changed.

ICYMI- Egyptian President Abdel Fattah El Sisi called on US President Donald Trump in a televised speech yesterday afternoon to urge an end to the war in Gaza, noting that conditions in the strip have become “ tragic and intolerable.” Trump pledged to set up food centers, condemning Israel for limiting aid and commenting that there is “real starvation” in Gaza — opposing Israeli PM Benjamin Netanyahu, who claims otherwise.

MEANWHILE- Germany and Spain announced plans to airdrop food and other supplies into the strip. However, both acknowledged that it will not be enough. “We know that this can only be a very small help for the people in Gaza, but at least it is a contribution that we are happy to make,” German Chancellor Friedrich Merz said. (WHO | AP | CNN | BBC)

☀️ TOMORROW’S WEATHER- It seems the worst of the heat wave is behind us, with temperatures set to peak at a relatively cooler 37°C in the capital tomorrow, before dropping to 25°C. We’re also expecting cooler temperatures up north, with a high of 29°C and a low of 26°C, according to our favorite weather app.

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FOR YOUR COMMUTE

Tech news in a byte

?Care for a byte into this week’s tech news? From Microsoft’s latest big moves in the AI sphere — and an interesting collaboration with Mercedes-Benz — to Google’s continued AI push and the latest iPhone rumors ahead of its September launch, here are some of the stories making headlines in the tech world.


Following in Google’s footsteps, Microsoft is introducing an AI-powered search engine to Edge with Copilot Mode. The new feature follows a similar approach to Perplexity’s Comet, which launched earlier this month; it “understands your intent” and works intuitively. You can also now “speak” to Copilot and — with permission — it can track your screen activity for an enhanced, seamless experience.

Copilot is also going for a ride with Mercedes-Benz. The tech giant and the German auto leader are collaborating to bring Microsoft Teams meetings to the comfort of your driver’s seat. Through the car’s built-in camera, users will be able to attend Teams meetings. For safety purposes, however, the driver will not be able to see the screen while the car is in motion — though the camera would still be on.

The new CLA will be the first to include the in-car camera support for Microsoft Teams. The two companies are also linking up to make Microsoft 365 Copilot available in the brand’s latest vehicles. In short, you no longer have any excuse to miss that morning debrief.


Speaking of Google, the “search” giant doesn’t seem to be taking no for an answer. Though its recently launched AI Mode has been the topic of much controversy — with myriad publishers taking the Alphabet subsidiary to court on accusations of theft as AI Mode mines third-party information with no credit to the original source — it appears that Google is moving forward with the feature, launching it in the UK.

Already available in the US and India, the tool uses Google’s Gemini to produce responses in a conversational interface that eschews traditional search links. Google says the launch is intended towards more complicated queries — yet the same concerns remain. Even though AI responses could include links to websites, the threat is still there, especially considering that in Google’s case, the question of how original publishers will continue to make advertising revenue off AI Mode remains on the table. To make matters worse, AI Mode isn’t really paying off, with a new study confirming that users met with AI summaries are likely to cut their time on the platform short.


In other AI news, OpenAI is launching GPT-5 in August with advanced capabilities, including o3 reasoning, according to its CEO Sam Altman, as reported by The Verge. The upcoming iteration of the chatbot is part of OpenAI’s efforts to combine its models into a system that can be declared artificial general intelligence (AGI) — a step that will give OpenAI full independence from Microsoft.

The prospect, however, seems unlikely, seeing as GPT-5 won’t have a “gold level of capability for many months,” according to Altman. Let’s just hope that GPT-5 will skip the whole murder instructions and devil worship bit — which, according to the Atlantic, the chatbot is eager to discuss.


MEANWHILE- Outside of AI’s dizzying breakthroughs, the new iPhone 17 Pro is causing a stir for an allegedly new hardware design. Ahead of its launch this September, a test development iPhone was spotted in the wild. The leaks show a never-seen-before camera control on the top edge of the phone, bringing the total number of camera controls on the pro iteration of the iPhone to two.

Although the button’s function remains unclear, there is speculation suggesting it could be to make zooming easier. Should the leaks prove true, it would be an interesting choice for Apple to make — considering the iPhone maker would essentially be doubling down on a feature that disappointed many. All could turn out to be untrue, though, so we’ll just have to wait and see.

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EAT THIS TONIGHT

Care for a taste of Peking tonight?

? When it comes to Chinese take-out, it’s a game of risk. You’ll either end up with a jumbled mess with paltry portions, or — on occasion — you’ll hit the jackpot. With Peking, our experience has always been consistently the latter. Offering a slew of authentic Chinese and Pan-Asian classics, this restaurant does not play around when it comes to its spices and sauces.

If you decide to dine in, you'll quickly come to the realization that Peking is not just about good food — but comfort as well. The restaurant evokes a warm feel with a dimly-lit atmosphere, and the interiors give the illusion that you’re outside of Cairo altogether. Who knows, you might even run into Peking founder Hany Yan himself, who might join in and interview you.

True bliss, however, lies in ordering in — and we’d know. First things first, what’s on the menu, you might ask? You’ll find all the classics; spring rolls, dumplings, wun ton, and crispy fried vegetables. There’s also a slew of authentic salads, soups, and noodles, as well as an expansive selection of stir fries and barbecue dishes.

We tried a little bit of everything and found ourselves fulfilled in more ways than one. The spring rolls were crispy, light, and perfectly complemented by the accompaniment of the sweet and sour sauce. The shandong vegetables — fresh and crispy deep fried zucchini — proved one of the highlights of the menu, and are definitely worth ordering. We had initially ordered the fried beef noodles as a side, but quickly realized it was a meal of its own given the generous portion size. The menu’s uncontested crown jewel, however, is the beef with potatoes, mushrooms, and chili — a stew packed with a wealth of flavor and spice without being overbearing.

Our humble verdict: Peking has been around for decades for a reason, and we don’t see the Chinese-Egyptian chain going anywhere anytime soon. Portions, flavor, and variety are all there, and if we had to get nitpicky, our only complaint would be that delivery takes quite a while — often around an hour — but if anything, that just means you’re getting your food hot and fresh out of the kitchen.

HOW TO ORDER- You can order through Talabat and El Menus, and you can also order by calling 16078. If you feel like dining in, you can visit Peking in one of their Cairo and North Coast branches.

This publication is proudly sponsored by

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OUT AND ABOUT

Hamid El Shaeri, Masar Egbari, Sharmoofers join forces in Sahel

MARK YOUR CALENDAR-

? Sahel fun is still going strong at Porto Golf Alamein City with powerhouse performances from Hamid El Shaeri, Masar Egbari, and Sharmoofers on Friday, 8 August. Still got some fuel in your tank? Make sure to get your tickets at Ticketsmarché.

HAPPENING THIS WEEK-

Experience the theatrical mastery of actor Sherif Desouky in 3a Raye2 Storytelling live at AUC Tahrir’s Falaki Theater. Don’t miss this one night only show tonight. Tickets available at Ticketsmarché.

Egypt’s Number One Mohamed Ramadan will be bringing the beat to the North Coast’s Porto Golf Alamein City on Thursday, 31 July. Ready to join the “Mafia”? You can grab your tickets from Ticketsmarché.

Feel like rocking out? Egyptian rock band Massar Egbari will be taking the stage at Nile University’s El Sawy Culturewheel Theater in Sheikh Zayed on Thursday, 31 July. You can grab your tickets from El Sawy Culturewheel’s website.

Up for a treasure hunt? On Friday, 1 August and Saturday, 2 August, Maadi’s Darb 15 will be hosting a garage sale brimming with fashion pieces looking for a new home. The sale will run from 12pm to 10pm on both days, and we’d suggest getting there fast if you plan on digging for gold.

HAPPENING LATER-

Need a dash of folklore in your life? Reconnect with your Egyptian roots at Madinaty’s Boom Room on Tuesday, 5 August, as the all-Egyptian, all-women band Tablet el Sitt take the stage. Tickets are available through Ticketsmarché.

DJ and producer Peggy Gou hits the Sahel sands once again. The South Korean DJ brings her signature blend of house, techno and Korean fusions to the North Coast for an unforgettable night under the stars at D-Bay on Thursday, 7 August. You can grab your tickets through Ticket Egypt.

Marwan Pablo and Lege-cy are bringing a rap night to New Alamein on Friday, 15 August. The two artists will perform at U Arena as part of the New Alamein Festival. Tickets can be purchased through Tazkarti.

In the mood to party by the Pyramids? On Friday, 19 December, world-famous Dutch DJ and Producer Tiësto is coming back to Egypt for a solo show at the Giza Plateau. Once voted “The greatest DJ of all time,” Tiësto will surely make this upcoming show one to remember. Tickets are available on Ticket Egypt.

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GO WITH THE FLOW

What the markets are doing on 29 July 2025

The EGX30 rose 0.03% at today’s close on turnover of EGP 4.2 bn (18.2% below the 90-day average). Local investors were the sole net buyers. The index is up 14.6% YTD.

In the green: Edita (+8.2%), Telecom Egypt (+3.1%), and Orascom Development (+2.3%).

In the red: EFG Holding (-1.9%), Palm Hills (-1.5%), and Sidpec (-1.4%).

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Founder of the Week

Meet our founder of the week: Sara Elemary

OUR FOUNDER OF THE WEEK- Every Tuesday, Founder of the Week looks at how a successful member of Egypt’s startup community got their big break, asks about their experiences running a business, and gets their advice for budding entrepreneurs. Speaking to us this week is Sara Elemary, Founder and Creative Director at Sara Elemary.

I’m Sara Elemary, the founder, creative director, and CEO of Sara Elemary — most importantly, however, I’m a dreamer and somewhat of a rebel. Sara Elemary is a modest Egyptian womenswear brand that is bold, authentic, and free. The brand stems from my own personality, and exists to fight for the values I believe in.

I wanted to study fashion, but back then that wasn’t a thing in Egypt. I ended up studying marketing at the Arab Academy For Science, Technology & Maritime Transport, and while I wouldn’t say my academic background had much impact on my career, it taught me one pivotal lesson — negotiation. What really affected my career, however, was witnessing my father run his business; I would accompany him on his business trips and attend his meetings — and in doing so, I taught myself how to do business.

For years, I did nothing — I was a mother. I’ve always had this intrinsic belief that I would one day pursue something in fashion, but I never quite imagined that I could actually do it. I never thought of myself as a businesswoman. One day, four years after I graduated, I woke up and decided it was time to do something.

I wanted to start my own modest fashion brand because I felt the gap in the market firsthand. I was veiled at the time, and I struggled to find something that suited me; I couldn’t see myself in anything I tried wearing — my personality was dimmed by what I wore, and I knew I had to do something that spoke to who I was as a person.

15 years ago, the fashion industry in Egypt lacked the necessary tools and know-how required for what I wanted to create. There’s a difference between a fashion business and a fashion brand; building a brand needs a story, one that carries on chapter by chapter; collection by collection. Fashion businesses on the other hand entail just pushing out pieces for profit. There were two paths ahead of me; a quick fashion business was easy money, and a brand came with its challenges; when you offer something that has a story, has its own values, that comes at a cost — literally.

Naturally, I faced many challenges. I didn’t know where to manufacture, where to source materials. I didn’t even know how patterns were made. There were so many barriers, and the biggest challenge was introducing a high-end modestwear brand to a local market that was unfamiliar with what I wanted to offer. But I fought for it, and I taught myself everything from scratch — I had no manual. Until this day, 15 years later, I’m still figuring things out.

What makes Sara Elemary different from all the other brands out there is our story. We’re not followers; there’s a core value that guides us. What I’m selling, I believe, is not just fabric or fashion, but emotions. I want women to be able to wear bold, modest clothes that speak to their personality and reflect their confidence — and that’s what we offer.

Success comes at different times and in different ways. I think the first time I truly felt successful was when the brand was featured on Vogue Arabia. Whenever anyone comes up to me and says: “your brand helped me and made it easier for me to dress modestly”, that makes me feel incredibly successful. It’s easy to sell clothes, and easier to make money, but what’s hard is to add value to people’s lives — and that to me is success.

In five years, for the brand’s 20th anniversary, I want the brand to go regional. We’ve been digging into the regional market for quite some time now, and over the next few years, I hope for us to be well-established. We’ve already started marketing for the brand across the region and there’s growing interest in the brand in Saudi Arabia, the UAE, and Kuwait.

Manoeuvring through the recent economic challenges wasn’t easy. We pushed out our existing stock, because it was important to liquidate that. We had to revisit our pricing and we cut costs as much as we possibly could. Compared to the local market, what we offer is relatively expensive, and yet we tried to cater our pricing to the market as best we could — but we still find ourselves covering our costs. If we approached pricing the same way many other high-end brands do, everything would be so much more expensive, and that would be asking too much of our customers. It’s difficult for businesses during these times.

The industry lacks identity — so many brands are just carbon copies of one another. There are only so many brands in the Egyptian fashion industry that are instantly recognizable without a label, everything else looks and feels the same. I have no issue with fast fashion, but that’s not what it means to be a fashion designer. I wish there was more creativity and more consistency; many brands skip out on entire seasons and collections, and that’s simply not how it should be. I want to see more brands that know their “whys” — brands with stories and goals.

Helping women discover and embrace who they are through fashion has been the most rewarding aspect of this business. So often in life do women find themselves in a cycle that goes back and forth between marriage, motherhood, and career — and so who they truly are inside is lost in the process. The Sara Elemary brand exists to break that cycle and help them express themselves, and when it does, it serves its purpose.

Truth be told, running a business requires you to be harsh — especially for women. I’m personally against women letting go of their femininity, but the reality is that in business, masculinity sometimes needs to take over; sometimes you have to be the harsh, hard, bad boss. If you’re caught being too lenient, you’ll be taken advantage of.

When I leave the office, I’m a completely different person — and that’s important. I’ve tried hard in the past to have some sort of work-life balance, and 15 years later, I feel like I’ve cracked the code. Prioritizing your personal life is important, and as humans, we don’t just exist to run companies; our lives encompass so much more than just what we do, and it would be unfair to dedicate the entirety of it to work. If you do that, you’ll hate it.

A book I’m currently reading and would recommend is The Pivot Year by Brianna Wiest. I’m into self-help books — especially ones that don’t bore me out. This book consists of just one page for each day; sometimes it’s as short as a paragraph or a few lines, but it helps me reflect on things.

I always knew I wanted to pursue two things in life; fashion… and the clouds. If I weren’t the brain behind my business, I’d be a professional skydiving instructor. I started skydiving in an indoor training facility for two years until I became a professional indoor skydiver, but I figured, why stop there? It’s always been a dream of mine to touch the clouds.

If I were to go back in time, I’d give myself a round of applause. I did what I could considering my circumstances; I was a mother and my children were very young when I started the brand. There was nothing more that I could do that I hadn’t already done, but if I were to give my younger self a piece of advice, it would be to slow down, let go of perfectionism, and embrace the fact that we all have flaws.

Here’s a piece of advice if you’re planning on starting your own fashion brand: know your story. It’s alright to follow existing directions until you’re able to form one of your own; until you realize one day, “this is where I see myself.” It’s important to pause every now and then and ask yourself the important questions; why am I doing this? Where will this take me? How is this adding value to my life? To develop a brand identity, you must first know yours.


? JULY

31 July (Thursday): Mohamed Ramadan at Porto Golf Alamein City.

31 July (Thursday): Massar Egbari at El Sawy Culturewheel Theatre, Nile University.

AUGUST

1 August (Friday): The Martinez Brothers at Sol Beach.

1 August (Friday): Amr Diab at U Arenas.

1-2 August (Friday - Saturday): Garage sale at Darb 15.

5 August (Tuesday): Tablet El Sitt at Madinaty’s Boom Room.

6-30 August (Wednesday - Saturday): Egypt Sculpture Symposium at New Alamein.

7 August (Thursday): Peggy Gou at D-Bay.

8 August (Friday): Hussein Al Jassmi, Disco Misr, and Ahmed Saad at Seashore.

8 August (Friday): &ME at Sol Beach.

8 August (Friday): All Day I Dream at ESCĀ Beach Club.

15 August (Friday): Marwan Pablo and Lege-cy at U Arena.

SEPTEMBER

4 September (Thursday): Al Mawlid Al Nabawi.

OCTOBER

6 October (Monday): Armed forces day.

7 October (Tuesday): Enterprise Egypt Forum 2025.

15 October (Wednesday): Scorpions concert at New Capital.

16-24 October (Thursday-Friday): Gouna Film Festival.

30 October - 22 November (Thursday-Saturday): Forever is Now at the Great Pyramids of Giza.

DECEMBER

19 December (Friday): DJ Tiësto at the Giza Plateau.

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