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An AI-sponsored Ramadan

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WHAT WE’RE TRACKING TONIGHT

Valuation talks begin for Banque du Caire listing on the EGX

Good afternoon, friends, and kudos to you for making it to the weekend. It’s been quite the overwhelming week, but we’ve finally made it to shore. In today’s issue, we’re exploring how AI is reshaping media production in Egypt, crowning one of our favorite series of the season, and more.

So, when do we eat? Maghrib prayers are at 5:56pm in the capital, and you’ll have until 4:49am tomorrow to hydrate and caffeinate ahead of fajr.

THE BIG STORY TODAY-

📍The first round of meetings to assess Banque du Caire’s fair value on the EGX has kicked off, a senior government official tells EnterpriseAM, paving the way for the government to move ahead with the state IPO program despite current geopolitical tensions. The government is looking to offer a stake of 30-40% on the EGX, with the final valuation still under wraps. Trading could begin as early as the April-June window, depending on the committee’s final decision.

Who is interested? Expressions of interest for minority stakes have already been flowing in from financial institutions, including the International Finance Corporation and the European Bank for Reconstruction and Development, our source tells us.

^^ Read the full story and more details in Sunday’s edition of EnterpriseAM.

THE BIG STORY ABROAD-

🌐 The US-Iran conflict continues to drive oil prices higher, extending a rally this morning. Brent crude is up 2.1% at USD 83.1 per barrel, while WTI is 2.6% higher at USD 76.6 per barrel. In market news, Asian shares surged as South Korea’s Kospi bounced back, jumping as much as 12% this morning, after witnessing its worst single-day decline yesterday. The aviation market remains under pressure, with airline shares trading mixed. Limited operations have resumed out of the region since the conflict began.

^^Read more on: CNBC and Reuters here and here.

Meanwhile, Anthropic’s CEO Dario Amodei is back in talks with the US DoD over the use of the AI firm’s tools by the military. Amodei is making a last-ditch attempt to reach an agreement regulating the Pentagon’s access to Anthropic’s Claude models.

^^Read more on: CNBC and the Financial Times.

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

  • Egypt received a USD 2.3 bn disbursement from the IMF. We secured the fresh funds after passing the fifth and sixth reviews of the Extended Fund Facility and first review of the Resilience and Sustainability Facility;
  • The IMF is assessing how the war in the Gulf could impact countries with existing loan programs, including Egypt and Jordan. The exercise will inform the fund’s upcoming evaluations of existing programs;
  • Egypt has offered to ship Saudi crude to the Mediterranean from Yanbu via the Sumed pipeline that runs from Ain Sokhna to Sidi Kerir. With Hormuz effectively closed by ongoing hostilities and ins. premiums rising, Saudi is facing a major rethink of regional logistics.

☀️ TOMORROW’S WEATHER- It’s going to be another cool weekend in Cairo, with a high of 21°C and a low of 12°C, according to our favorite weather app.

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Media

Is AI heralding the end of traditional production in Egypt?

🌙🤖 The annual Ramadan marathon is no longer limited to a battle for viewership or colossal advertising budgets; this year showed us it’s about flexing technological prowess, too, driven by AI — a trend that has been taking over the global media scene in recent years in the form of AI-generated shots, enhanced visual effects, and even the digital resurrection of late stars’ likenesses.

This Ramadan, Egypt got a piece of the AI pie, with shows such as Awlad El Raey, Fan El Harb, and El Sitt Monalisa, alongside others, utilizing the tech. The industry is now navigating a new paradigm: slashing logistical overhead without sacrificing the quality audiences expect.

This local shift mirrors a global cooling of AI anxiety. Following the 2023 Hollywood strikes, where creatives fought for job security against automation, a new narrative has emerged. AI is no longer seen as a replacement for human talent, but as a structural tool for efficiency.

From Hollywood to Cairo

AI is proving to be a game-changer for production management. By automating pre-production and shortening grueling prep cycles, studios are seeing massive ROI. A recent McKinsey study, based on interviews with top-tier Hollywood producers, highlights that AI dramatically reduces the costs associated with location scouting and physical set construction. This new financial pivot allows studios to bake hundreds of AI-enhanced shots into a single series, maximizing output while keeping budgets tight.

But is Egypt ready? The Egyptian market’s maturity is still being tested. Helmy Arman (LinkedIn), a Gen-AI specialist at Dubai-based strategy agency GCC5, argues that the skyrocketing demand for AI in commercials and documentaries is a canary in the coal mine for a wider industry takeover.

For decades, blockbuster VFX was a USD mn club exclusive to Hollywood. Today, AI has democratized these tools. According to Arman, AI isn’t an aesthetic upgrade; it’s restructuring the balance of power in the local market.

The good, the bad, and the ugly

The numbers make a compelling case. For example, a complex battle sequence that used to require up to an EGP 40 mn liquidity injection can now be rendered for under EGP 600k with human oversight. This has effectively killed the entry barrier for independent cinema. A filmmaker with a USD 20k grant can now achieve a visual scale that once cost USD 1 mn, sparing screenwriters the budget guillotine, Arman tells us.

however, this efficiency comes at the expense of intermediary roles. Creatives such as storyboard artists are facing an existential threat as algorithms now translate a director’s vision into instant, high-fidelity mockups. While this provides peace of mind for investors and studios before a single camera rolls, it effectively automates traditional roles in the production pipeline.

“AI is brilliant at simulation,” Arman tells EnterpriseAM, “but it still hits a wall when it comes to the soul of a story — the nuance only a human creator can provide.”

A draft, not a final product

The current season’s hit or miss quality with AI attempts proves that the tool isn’t the problem; implementation is. Amall Askar, CEO of Arise Media, maintains that AI won’t steal a creative’s job — but a creative who knows how to use it will. Askar views AI as an exceptional problem solver, much like the digital camera revolution of the early Y2Ks.

Arise Media recently leveraged “smart storyboarding” for major Ramadan campaigns for Banque Misr and Orange. “It’s a revolution in pre-production,” Askar explains. “Directors and clients can see the final color grade, the blocking, and the camera movements before spending anything. It kills any unpleasant surprises and ensures the whole team is aligned.”

Yet, Askar insists the process remains human-intensive. “We treat AI output as raw material. It’s a draft, not a final product. It still requires manual editing and human direction to meet quality control standards,” she tells us.

Ramadan 2026 as testing grounds

The current Ramadan season places the advertising and drama industry in Egypt at a turning point. While some may be content with using AI as a seasonal visual gimmick, the real leaders are treating it as a creative engine that rewrites the economics of storytelling. The celebrity-plus-catchy-jingle formula just isn’t cutting it anymore, and it seems both narrative strength and technical execution are the way forward.

The real conflict isn’t man vs. machine, it’s a clash between two eras: the legacy model of high spending and recycled tropes, versus a future-facing model built on agility, ideation, and constant innovation.

(** Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

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ON THE TUBE TONIGHT

Etnen Gherna was a breath of fresh air this Ramadan

📺 The first half of Ramadan didn’t quite live up to our expectations, but Etnen Gherna managed to soar above the rest, offering a charming romance that had us hooked from start to finish. Directed by Khaled El Halafawy, the mastermind behind the Kamel El Adad trilogy, the series follows an unexpected love story between a famous actress and your average Joe.

The plot: Nour (Dina El Sherbiny) is a celebrated actress weighed down by her own fame. Between relentless rumors, invasive paparazzi, and a strained relationship with her father, Nour falls into a deep depression that leads her to attempt to take her own life. She is saved by Alia (Nour Ehab), who takes her to her family’s villa. There, Nour meets Alia’s mother, Mervat (Sahar Rami), and her elder brother, Hassan (Asser Yassin). Staying with a family that offers the warmth and tenderness she has long been denied, Nour inevitably finds herself falling for Hassan.

While the star meets ordinary guy trope is a cliché, the emotions delivered here feel incredibly sincere. El Halafawy excels at portraying themes of family, friendship, and love through relationships that are simple. Even when drama strikes, the show always finds its way back to the gentle, feel-good atmosphere. The series also adeptly tackles domestic violence through a subplot featuring one of the supporting characters, with production displaying the National Council for Women’s hotline during a domestic dispute scene — a positive awareness initiative we’ve seen pop up in several works this season.

A major credit to the show is its decision to give ample space to genuinely talented new faces. El Negily and Hassan’s group of friends were highlights, but the standout was undoubtedly the brilliant Fadwa Abed in the role of Shahira. Abed, who first caught our eye in Sabe' Gar nearly a decade ago, was the sweetest surprise of the series. Her character is witty, blunt, and a true friend with such a commanding presence that we found ourselves wishing for a spin-off dedicated entirely to her story.

The final verdict: Etnen Gherna is a social drama that feels, above all else, natural. It is a rare show fit for the whole family, one that eschews excessive violence, thuggery, or caricatured acting. With its seamless pacing, a beautiful soundtrack, and thoughtful visual compositions, it has rightfully earned its spot as one of our favorites of the season’s first half.

WHERE TO WATCH- Etnen Gherna is streaming on Watch It. Watch the trailer on YouTube (watch, runtime: 2:27).

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Sports

All the footie on our radar this weekend

We’re gearing up for a packed week of local and European football. Here’s what we’re watching:

Tonight’s fixtures

In the Nile League: Al Ahly takes on Al Mokawloon Al Arab, Haras El Hodood meets Pyramids, and Ceramica Cleopatra faces Al Bank Al Ahly. All three matches are part of the final round of the league’s first half. Al Ahly, Ceramica, and Pyramids — all tied at 37 points — are battling to temporarily snatch the top spot from Zamalek (40 points). All three matches kick off at 9:30pm and will be broadcast on ON Sport 1, 2, and Max, respectively.

In the Premier League: Tottenham and Crystal Palace meet to wrap up Matchweek 29. The match kicks off at 10pm on beIN Sports 1.

Over in France: Lens and Lyon face off in the French Cup quarter-finals. Kick-off is at 10:10pm on beIN Sports 3.

Tomorrow’s fixtures

Egyptian league action continues as league leaders Zamalek take on Al Ittihad. Zamalek needs a victory or a draw to maintain the lead, regardless of the results of the three teams trailing them. Whistles blow at 9:30pm on ON Sport 1.

Also on our radar at 9:30pm:

  • El Masry vs. Ismaily — ON Sport Max;
  • El Gouna vs. Wadi Degla — ON Sport 2.


AND- Liverpool faces Wolverhampton in the FA Cup Round of 16. The match kicks off at 10pm on beIN Sports 3. Meanwhile, Real Madrid takes on Celta Vigo in La Liga’s Matchweek 27, also kicking off at 10pm on beIN Sports 2.

Also on our radar:

  • Bayern Munich vs. Monchengladbach — Bundesliga, 9:30pm;
  • Napoli vs. Torino — Serie A, 9:45pm;
  • PSG vs. Monaco — Ligue 1, 9:45pm

Saturday’s fixtures

English football action will be going strong with more FA Cup fixtures:

  • Arsenal vs. Mansfield Town — 2:15pm;
  • Wrexham vs. Chelsea — 9:45pm;
  • Newcastle vs. Manchester City — 10pm.

In the major European leagues, La Liga leaders Barcelona face Athletic Bilbao at 10pm in a Matchweek 27 fixture.

Also:

  • Atletico Madrid vs. Real Sociedad — La Liga, 7:30pm;
  • Juventus vs. Pisa Calcio — Serie A, 9:45pm;
  • Toulouse vs. Marseille — Ligue 1, 10:05pm.


In the Nile League: Smouha vs. Modern Sport, Ghazl El Mahalla vs. Pharco, and Enppi vs. Kahrabaa Ismailia all kick off at 9:30pm as part of Matchweek 21.

This publication is proudly sponsored by

5

Mark Your Calendar

Care for a puppet show this Ramadan?

🎭 Looking for a whimsical family night this Ramadan? Fada Arts is bringing El Leila El Kebira to Madinaty’s Boom Room on Saturday, 7 March for an unforgettable puppet show. Expect a warm, nostalgic evening filled with laughter. Tickets are available on Ticketsmarché.

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GO WITH THE FLOW

What the markets are doing on 5 March 2026

The EGX30 rose 2.3% at today’s close on turnover of EGP 6.8 bn (7.0% above the 90-day average). Local investors were the sole net buyers. The index is up 13.6% YTD.

In the green: Palm Hills Developments (+6.6%), Qalaa Holdings (+5.9%), and Edita (+5.5%).

In the red: Kima (-3.4%), Raya Holding (-1.7%), and Heliopolis Housing (-1.6%).


🗓️ FEBRUARY

24 February - 14 March (Tuesday-Saturday): Ramadan Premium Market at the Arena, Cairo West.

28 February - 11 March (Saturday-Wednesday): Qahrawya Iftours.

MARCH

6 March (Friday): The Women’s Night 5K Race with Cairo Runners at Promenade, New Cairo.

6 March (Friday): Wust El Balad at El Gomhouria Theatre, Downtown.

6 March (Friday): Ain Gamal Vol.61 at Theatro Arkan.

6 March (Friday): Wael El Fasheni at Wayana Tent, Al Baron.

6 March (Friday): Layalina Tent at Mohamed Ali Palace.

6-7 March (Friday-Saturday): Layalina Tent at Giza Palace Hotel.

7 March (Saturday): El Leila El Kebira at Boom Room, Madinaty.

9 March (Monday): Layalina Tent at Mohamed Ali Palace.

13 March (Friday): Hamid El Shaeri at Wayana Tent, Al Baron.

13-14 March (Friday-Saturday): Garage Sale at Darb 15, Maadi.

21 March (Saturday): Eid Al-Fitr.

22 March (Sunday): Burna Boy at Festival Plaza, El Gouna.

22 March (Sunday): Zarf Tarek Gedan at Heliopolis Library Theater.

27 March (Friday): Wegz at the PUBG Mobile anniversary carnival, the Great Pyramids of Giza.

APRIL

2 April (Thursday): Hany Shaker at Theatro Arkan.

7 April (Tuesday): Shakira at the Pyramids of Giza.

13 April (Monday): Sham El Nessim.

25 April (Saturday): Sinai Liberation Day.

MAY

1 May (Friday): Labor Day.

26 May (Tuesday): Arafat’s Day.

26 May (Tuesday): Andrea Bocelli at the City of Arts and Culture in the New Administrative Capital.

JUNE

16 June (Tuesday): Islamic New Year.

30 June (Tuesday): June 30th Revolution.

JULY

23 July (Thursday): July 23rd Revolution 1952.

24 July (Friday): Adriatique at the North Coast.

AUGUST

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

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

OCTOBER

6 October (Tuesday): Armed Forces Day.

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

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