How a VC career turned into a hiking-and-writing business

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WHAT WE’RE TRACKING TONIGHT

Trump halts Iran attack as Tehran denies any negotiations are underway

Good afternoon, friends, and happy Monday. Today’s issue is a light — and, if we may, fun — one. Have you ever wondered what would happen if you left your office job and headed to the mountains? We speak with a founder who turned a career in VC into just that. Elsewhere in today’s issue: we take a look at a new Kevin Hart comedy that asks: How far would you go for a promotion?

But first, the news…

THE BIG STORY ABROAD-

🌐 In the latest US-Iran developments, Iran’s Foreign Ministry denied that negotiations are underway after US President Donald Trump claimed talks would resume later today. Trump’s announcement came after he called off “massive attacks” on Iran at the last minute. Oil prices eased as investors moved past geopolitical concerns following Trump’s claims, coinciding with the announcement of an Opec+ production increase of 188k bbl / d for September. WTI dropped to USD 79.5 / bbl, while Brent crude fell 4.63% to USD 83.5 / bbl, as of the time of publication.

^^Read more on: Reuters, CNBC, and Bloomberg.

IN THE BUSINESS PRESS- Shares in AstraZeneca fell nearly 7% following reports of a potential merger with Bristol Myers Squibb, as analysts expressed confusion over the move given Astra’s current growth trajectory and strong innovation pipeline. Meanwhile, shares of Bristol Myers Squibb rose 6% in premarket trading.

^^Read more on: CNBC, Bloomberg, and The Financial Times.

IN OTHER NEWS- European football’s governing body, UEFA, has threatened action against Gianni Infantino, president of FIFA, over his failed proposal to create a USD 20 bn commercial subsidiary to manage major tournaments like the World Cup and sell a 20% stake to private investors. England’s Football Association and Wales have publicly withdrawn support for Infantino’s re-election bid. After a major backlash, the FIFA president backed down on Friday and confirmed that the proposal will not proceed.

^^Read more on: BBC, Reuters, and The Financial Times.

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

  • HSBC is exiting retail banking in Egypt after 44 years in the market but has no intention of pulling back from corporate and institutional banking, which account for the lion’s share of its business here. It has reached a definitive agreement with Emirates NBD Egypt that will see it hand over its entire retail business for an undisclosed sum;
  • The government launched a new lease-to-own system for industrial land that allows manufacturers to spread land costs over up to 21 years and seek ownership after one year of operations;
  • Local CNC machine manufacturer Simplex is raising a new funding round to bankroll its expansion in Tenth of Ramadan City, which will push its annual production capacity to 3.5k machines. The company aims to close the active round by the end of the year to finance the build-out.

☀️ TOMORROW’S WEATHER- Tomorrow’s weather remains much the same, with the mercury climbing to a warm 37°C before dropping to a cooler overnight low of 25°C. On the North Coast, expect abundant sunshine, with a more comfortable high of 31°C and a clear overnight low of 24°C, according to our favorite weather app.

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AFTER HOURS: PURSUITS

How one entrepreneur’s VC career turned into a hiking-and-writing business

🚶✍️ Menna Emad Abdelrahman (LinkedIn) spent six years in venture capital before a 250-km solo trek along the Sinai Trail — from Nuweiba to St. Catherine on foot — changed the direction of her career. That walk, along with the writing that came with it, eventually became Papertrails: a retreat initiative that pairs long-distance hiking with structured creative writing workshops, set against landscapes in Egypt. The idea came from something she couldn’t find herself — a writing retreat built around bigger, wilder terrain — so she built it.

From venture capital to Kilimanjaro

Abdelrahman did what many couldn’t: leaving behind a structured office job for a life centered on movement, curiosity, and travel. An economics graduate, she spent years building a career across entrepreneurship, local angel investment, early-stage venture capital, and tech. On her days off, she escaped to the outdoors, taking on long-distance treks that began in Egypt before expanding her adventures abroad in Nepal, Tanzania, and beyond. A certified rock climber, a freediver, an avid analog photographer, and a writer, she had found her footing.

By 2020, after launching her own consultancy firm and gaining more flexibility over her schedule, she took on a second full-time job as an expedition leader with adventure travel company Life Happens Outdoors. There, she led hikes through Kilimanjaro, Nepal, the Alps, and along the Inca Trail and Salkantay in the Peruvian Andes. “It was kind of my first step out of the space. I was figuring out that there was room for me to be using my business and entrepreneurial skill set within an adventure travel context,” Abdelrahman tells EnterpriseAM.

“I started to really have a strong connection and love for the outdoors. The length and the perspective that you get to see the world when you’re walking on your own two feet and enjoying nature in this way changed something [within] me. It was a very gradual journey; it wasn’t overnight. I was stepping out of a career that I was very steady in and that I was very proud of. It wasn’t that I didn’t enjoy it anymore, just that there was a different calling,” she explains.

Like many successful ventures, Papertrails began as something Abdelrahman wished already existed. She recalls searching for writing retreats like the one she had in mind, only to find that most options in Egypt were either stretched over several weeks or lasted just a day. The idea for a writing retreat against bigger landscapes was already simmering in her head, and with years of guiding people through natural landscapes and having already organized casual treks with friends, she decided to launch the first Papertrails trial-run retreat in 2020. She picked it back up just last fall and hasn’t looked back since.

Papertrails at its core

For Abdelrahman, Papertrails was never about building a traditional business. She describes it as being built around what she calls “a combination between a creative pursuit, movement, and a natural landscape,” being born from a genuine passion for the outdoors. “There’s such a profound gratification in being able to hold that space for other individuals to step into, where they’re not only seeing themselves [but also] learning about our ecologies, learning about our landscapes, and engaging with a deeply creative process,” Abdelrahman says.

Papertrails, so far, takes place every season, with each retreat set in a different location. Lasting four to five days, the retreats welcome around eight to 12 participants, all selected through an application process. Every retreat revolves around a theme that Abdelrahman curates. The theme shapes an assembled reading pack, featuring fiction, non-fiction, essays, poetry, and often experimental works. These readings serve as the foundation for the retreat’s prompt-based generative workshops, where participants are then expected to share and discuss their writing.

Who does Papertrails cater to? In short, anyone looking for space to write — provided they’re also willing to embrace a physical challenge and immerse themselves in the outdoors: artist or non-artist, professional writer or hobbyist, creative or a pharmacist. The aim is to invite participants to experience the surrounding landscape not as scenery but as muse.

No drop-ins, no quiet observers

Abdelrahman does not take this immersion lightly. “Every now and then I’ll have someone ask me, ‘Can I come for one or two days?’ and I refuse. For the sanctity of the experience, for the respect and the privacy of the individuals who participate.” If you plan on sitting quietly through sharing circles and not sharing your writing, Abdelrahman says the experience is not for you. “There’s so much effort built into making it what it is, and I owe it to anyone who participates to do my best to deliver an experience that really gives them the entirety of what they can get out of this,” she clarifies.

It’s not just a click-and-book experience. Prospective participants first fill out an application, followed by a one-on-one interview with Abdelrahman herself where she gauges each individual’s expectations, looking for “the right feel” — people who understand the nature of the retreat from its physical demands (particularly on hiking-heavy trips) to the interpersonal commitment it requires.

Once participants are selected, she scouts each location in advance, hiking the routes before every retreat with the help of local guides and her own guidebooks. She also makes sure to spend time with the local people of different locations, building relationships with the Bedouin guides and caretakers of the destinations she returns to.

What’s next for Papertrails

For now, Abdelrahman is focused on preserving the flagship Papertrails experience rather than rushing to scale it. “Such a big part of endeavoring to work in this is that I’m following the pace of the experience. I’m not planning ahead and thinking ‘this is what it needs to be.’ It’s growing; it’s manifesting into new places [at its own pace],” she says. Looking ahead, the founder hopes to channel the creative output of Papertrails into an annual literary magazine. She also plans to introduce shorter urban retreats closer to the city, before eventually expanding Papertrails to other landscapes across the Arab world.

For Papertrails’ next retreat, Abdelrahman is planning a first-time coastal adventure in none other than Marsa Matrouh, running 1-5 September. Details can be found on Papertrails’ Instagram.

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ON THE TUBE TONIGHT

Netflix’s 72 Hours follows an aging communications executive as he attempts to understand Gen Z

📺 Sometimes it’s hard to keep up, but not impossible. That’s the premise of Netflix’s latest original film, 72 Hours, starring comedy veteran Kevin Hart alongside new-gen comedians Mason Gooding, Ben Marshall, Marcello Hernández, and Kam Patterson — in addition to stars Teyana Taylor and Zach Cherry.

The plot: Joe (Hart) is a 40-year-old communications professional on the cusp of a major promotion… until he painfully fumbles a high-priority client pitch for failing to understand the client’s Gen Z audience. At the same time, Joe is mistakenly added to a bachelor party’s group chat.

Just when all seems lost, something clicks: What if he went to the three-day party, got to know the young groom and his friends (Gooding, Marshall, Hernández, Patterson), pick up on their interests and lingo, and present a new pitch along the way? While the Gen Z group is initially hesitant to include a 40-year-old stranger in their plans, they give in when Joe offers to foot the bill for the trip. All is well, until it isn’t.

What we liked: If you’ve watched at least one Kevin Hart movie, you know what to expect. The Jumanji and Ride Along star brings his A-game, and plenty of jokes land. With a 100-minute runtime, the movie doesn’t overstay its welcome, and the premise is both interesting and — to many professionals navigating the current business demographic — relevant.

What we didn’t: That said, the film does bite off more than it could (and should) chew. While plenty of jokes landed, the ones that didn’t left a sour taste. Beyond the initial plotline, the movie quickly veers into awkward, unrelated sequences as the characters’ adventures go haywire, with several subplots that took away airtime from an otherwise interesting premise that could have easily been expanded upon. The writers seemingly fell victim to their own plot, too, with some dialogue feeling less like Gen Z and more so like someone pretending to be.

The verdict: We’d say the 5.4/10 IMDb rating is fair. The movie has its highs and its low lows. If you’ve had a long day at work and could use a film that requires virtually no brain activity to keep up with, we’d say 72 Hours fits the bill. If an intelligent and nuanced movie is what you’re looking for, we’d say you might want to sit this one out.

WHERE TO WATCH IT- You can stream 72 Hours on Netflix. Watch the trailer on YouTube (watch, runtime: 2:35).

This publication is proudly sponsored by

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Mark Your Calendar

The Garden Market returns to the coast at Hacienda Bay

🛍️ If your Sahel plans could use a little retail therapy between beach days and late-night dinners, The Garden Market is making its way back to the North Coast. Following last summer’s successful debut, the lifestyle market returns for its second coastal edition, turning Lakeyard at Hacienda Bay into a nighttime shopping destination. The market runs over two weekends: 6-8 August and 13-15 August, from 6pm to 3am.

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GO WITH THE FLOW

What the markets are doing on 3 August 2026

The EGX30 fell 0.4% at today’s close on turnover of EGP 15.7 bn (63.9% above the 90-day average). Regional investors were the sole net sellers. The index is up 29.3% YTD.

In the green: Ibnsina Pharma (+20.0%), Rameda (+12.7%), and GB Corp (+4.5%).

In the red: Telecom Egypt (-5.1%), AMOC (-5.0%), and Abu Qir Fertilizers (-3.2%).


🗓️ AUGUST

7 July - 8 August (Tuesday-Saturday): Khayal Mareed Play at Theatro Arkan.

1 August - September 15 (Saturday-Tuesday): El Alamein Book Fair.

4 August (Tuesday): Amr Selim at Open Air Theater, Cairo Opera House.

6 August (Thursday): Cairo Comedy Club at Teatro 90.

6 August (Thursday): Hamada Helal at Premiere Show, Golf Porto.

6 August (Thursday): Amr Selim at Sayed Darwish Theatre, Alexandria.

6 August (Thursday): Massar Egbari at Bibliotheca Alexandrina.

6 August (Thursday): Deep House Bible at North Coast.

6-15 August (Thursday-Saturday): The Garden Market at Lakeyard, Hacienda Bay, North Coast.

7 August (Friday): Salah El Daly - Stand Up Comedy Show at Teatro 90.

7 August (Friday): Ali El Haggar at Bibliotheca Alexandrina.

7 August (Friday): Ismailia Mango Festival.

7 August (Friday): Sherine at Porto Golf, Al Alamein City.

7 August (Friday): Cairokee Ft. Disco Misr at D-Bay, North Coast.

7 August (Friday): Aziz Maraka at The Smokery Beach, North Coast.

8 August (Saturday): Boosh Bshasha Stand-up Comedy Show at Teatro 90.

10-11 August (Monday-Tuesday): Mohamed Helmy Standup at Bibliotheca Alexandrina.

13 August (Thursday): Hisham Abbas at Premiere Show, Golf Porto.

14 August (Friday): The High Five: In & Out Standup Comedy Show at Teatro 90.

14 August (Friday): Tough Mudder Kids by The TriFactory at Ramla by Marakez, North Coast.

14 August (Friday): Tul8te at U Arena, North Coast.

14 August (Friday): Mohamed Ramadan at Porto Golf, Al Alamein City.

14 August (Friday): Nawal El Zoghby and Wael Jassar at Tiatro Romano, Marina 2, Al Alamein.

17-18 August (Monday-Tuesday): Omar Khairat at Bibliotheca Alexandrina.

19 August (Wednesday): Autostrad at CJC 610.

20 August (Thursday): Mohamed Fouad at Premiere Show, Golf Porto.

20 August (Thursday): Hisham Abbas at Bibliotheca Alexandrina.

20-29 August (Thursday-Saturday): Leila Assal at Theatro Arkan.

20-26 August (Thursday-Wednesday): I Want a Pet Dinosaur at Rawabet Art Space.

21 August (Friday): Ain Gamal at Al Anfoshy Cultural Palace, Alexandria.

21 August (Friday): Abyusif and Shehab at Alexandria Stadium, Alexandria.

21 August (Friday): Black Coffee at Cubix North Coast.

21 August (Friday): Ruby and Rami Aiash at Tiatro Romano, Marina 2, Al Alamein.

21 August (Friday): Autostrad at Bibliotheca Alexandrina.

22 August (Saturday): Wust El Balad at Bibliotheca Alexandrina.

23 August (Sunday): Autostrad at El Sawy Culturewheel, Zamalek.

25 August (Tuesday): Prophet Muhammad’s Birthday.

27 August (Thursday): Jadal at Bibliotheca Alexandrina.

28 August (Friday): Amal Maher at Premiere Show, Golf Porto.

29 August (Saturday): Jadal at El Sawy Culturewheel, Nile University, Sheikh Zayed.

30 August (Sunday): Tamer Ashour at Bibliotheca Alexandrina.

SEPTEMBER

4 September (Friday): Ehab Tawfik at Premiere Show, Golf Porto.

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

OCTOBER

1-4 October (Thursday-Sunday): She Arts festival across Cairo and Alexandria.

6 October (Tuesday): Armed Forces Day.

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

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

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

NOVEMBER

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

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

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

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

DECEMBER

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

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