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Fashion favors the bold

1

WHAT WE’RE TRACKING TONIGHT

Swatch shuts stores amid crowd mania + Ebola declared public health emergency of international concern

Good afternoon, friends, and welcome to the start of a brand new workweek. We hope you enjoyed your weekend. It’s a quiet day at home, and we’re kicking off the week with a relatively brisk issue. Today, we’re taking a look at a homegrown accessories brand whose founding sisters went against the grain — and it paid off. Need a few tips on how you can do the same? We tune into a business podcast that tells it like it is. That and more.

But first, the news…

THE BIG STORY ABROAD-

🌐 Things are relatively calm on the breaking news front this afternoon, though a few stories are still making the rounds. Swatch has temporarily closed stores worldwide, including across the UK, after huge crowds gathered for the Audemars Piguet x Swatch Royal Pop collection launch.

The closures were prompted by safety concerns due to huge, chaotic crowds and queues forming in front of multiple stores around the world amid extremely high demand for the new AP collaboration launch. So far, Swatch has shut down stores in Dubai, Singapore, and France, as well as a multitude of stores across the US and UK.

^^Read more on: BBC, The New York Times, and The Guardian.

MEANWHILE- The World Health Organization (WHO) declared the current Ebola outbreak in Congo and Uganda a public health emergency of international concern. The WHO stated that while the outbreak doesn’t meet pandemic criteria, it does pose a high risk of spread to countries sharing land borders with Congo. The current strain of Ebola is caused by the Bundibugyo virus, for which there are no approved drugs or vaccines.

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

ALSO- At least four people were killed in Moscow following the largest Ukrainian drone attack on Russia in over a year. This attack — which saw more than 1k Ukrainian drones downed over the country in the past 24 hours — comes as retaliation for a deadly three-day Russian attack on Ukraine a few days ago. Ukrainian President Volodymyr Zelenskyy called the drone attack “entirely justified.”

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


In a market defined by geopolitical risk, inflation, currency volatility, and declining interest rates, knowing how to manage your money has never been more important, and yet few people are really good at it.

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Coming straight to your inbox. Stay tuned.


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

  • Four state-owned companies secured provisional EGX listings across pharma, fertilizers, and tourism. The companies are: Chemical Industries Development, Egyptian General Company for Tourism and Hotels, Misr Travel, and El Nasr for Fertilizers and Chemical Industries;
  • The Central Bank of Egypt will likely keep interest rates on hold for the second consecutive time when its Monetary Policy Committee meets this Thursday. The CBE is taking a “wait-and-see” approach, stressing the need to keep inflation expectations anchored amid elevated global energy prices and geopolitical uncertainty;
  • Financing platform Valu saw its net income climb 78% y-o-y in 1Q 2026 to EGP 221 mn. The bottom-line growth was supported by a 40% y-o-y rise in gross revenue to EGP 1.52 bn. Valu entered Jordan in 1Q with the soft launch of one operational branch and c.15 onboarded merchants.

☀️ TOMORROW’S WEATHER- Grab that iced latte, because Cairo’s turning up the heat again tomorrow with a sizzling 38°C high and a 23°C low, according to our favorite weather app.

2

FASHION

Meet the two sisters behind Egyptian accessories brand Mesh--Mesh

👝 Few Egyptian brands, particularly those launched a little less than two years ago, have transitioned from “emerging” to “everywhere” as rapidly as Mesh--Mesh. Launched in late 2024 by sisters Fatma El Alawy (LinkedIn) and Shaimaa El Alawy, the brand has bypassed the traditional slow-burn growth of artisanal labels. Within its first year, it catapulted its structural handbags onto the red carpets of El Gouna Film Festival and even into the wardrobe of Emily in Paris on-screen star Lily Collins.

Now, following their victory as the CDA ’25 Emerging Accessory Brand, the El Alawy sisters are being watched as the next big player in Egyptian fashion.

The brand — which offers avant-garde 3D printed statement bags — is a “mesh” of two distinct professional disciplines. Shaimaa, an architect by training, views design through the lens of immersive experiences and the stories that physical spaces can hold. Fatma, meanwhile, brings a background in marketing and a passion for storytelling — particularly through fashion. The sisters realized their paths were moving in parallel, intersecting in late 2024. Plans “simply clicked,” co-founder Fatma El Alawy tells EnterpriseAM.

“Dreamy, fun, and unexpected,” is how the founders would describe Mesh--Mesh. While many regional brands may lean heavily into literal depictions of heritage, the El Alawy sisters prefer a “state of play,” they tell EnterpriseAM. Their colorful and abstract bags are subtly informed by the geometric lines and oval domes of Islamic architecture — specifically patterns like the Muqarnas of Al Hambra Palace — and the curves of Egyptian desert dunes, reflected in their debut collection. “Reintroducing [these inspirations] is what keeps design moving forward,” the sisters note.

However, the El Alawy sisters are quick to distance themselves from traditional definitions of high-end fashion. “We don’t define Mesh--Mesh as luxury, not in the traditional sense anyway,” the sisters explain, instead framing their value through “playfulness and curiosity” and the way their pieces allow customers to express “bold, quirky aspects” of their personalities. This approach involves using unconventional materials and manufacturing processes — 3D printing — a challenge that initially required building significant trust with the Egyptian consumer. “[It’s] not easy, but once you reach a certain stage of proof of concept, customers love to support local brands that are fresh and making their mark in the industry,” the sisters note.

Their presence on international screens and local red carpets wasn't a matter of luck, but of a calculated, proactive strategy. “Cold reach is a very powerful tool that we used a lot and has been extremely rewarding,” the founders share. By identifying and reaching out to like-minded stylists and artists whose work they genuinely admired, they were able to secure high-level exposure early on.

Mesh--Mesh might be off to a stellar start, but still, the sisters are not rushing things. Fatma and Shaimaa El Alawy went into this knowing that building a brand of a certain caliber is a multi-year journey, not an overnight success. Their guiding rule was simple: “to keep going, no matter how tough things got.”

As they look forward, the sisters see an Egyptian market that is “young and open to the world,” yet still lacking in professional creative counseling and investment comparable to, say, the tech sector. They believe the surge in regional tourism has created a massive window for local talent to find a wider audience. “There is a lot to still create and introduce to the market, and there is so much local talent,” the founders tell us.

For Mesh--Mesh, “making it” in 2026 isn’t just about being featured on more red carpets — it’s more so about a “maturing” of their branding and a deeper, human connection with their audience and beyond. “Honing our vision for the brand is the most important thing we can focus on at the moment.”

3

Ears to the Ground

The USD 100 MBA Show: Your easy business listening digest

🎧 Thinking of starting your own business? The USD 100 MBAShow might become your new best friend. Founded by married duo Omar Zenhom and Nicole Baldinu, the podcast sees 20+ year entrepreneur and host Zenhom deliver practical, no-BS business advice in short, 30-minute-or-under episodes. A spin-off from their MBA-inspired online program, the show is all about the nuts and bolts of running a business today.

What to expect: The podcast swaps long-winded interviews and group discussions for concise, straight-to-the-point guidance on everything you need to know about the world of business and wealth — from finance and marketing to productivity, networking, and leadership. One recent 25-minute episode breaks down the five levels of financial wealth, lifestyles, and what it takes to reach each. Zenhom discusses net worth, leveraging money, and why relying solely on income doesn’t generate long-term wealth.

How rich are you? Listeners learn that even the first “rich” tier — with a net worth of USD 2-4 mn — represents only 1% of the global population, with each successive level becoming exponentially rarer. The fifth tier represents just 0.001% — those with generational wealth and net worths exceeding USD 100 mn and stretching into the bns.

What we liked: Using both personal experience and thorough research, Zenhom distils complex topics into genuinely easy-to-digest episodes. He brings a clear, enthusiastic tone to each episode, offering engaging business guidance in well under an hour.

Our verdict: If you’re looking for beginner-friendly business tips, The USD 100 MBA Show serves up easy listens packed with memorable and practical insights. The podcast is essential listening for aspiring entrepreneurs.

WHERE TO LISTEN- You can tune in on Apple Podcasts | Anghami | Spotify.

4

Sports

Zamalek loses Confederation Cup title

Disappointment is in the air after Zamalek lost the African Confederation Cup final to Algeria’s USM Alger on penalties last night. The second leg’s normal time ended with a 1-0 advantage for Zamalek, courtesy of a goal scored by Palestinian forward Oday Dabbagh in the fifth minute of the first half. However, the early goal was not enough to seal the African Confederation Cup’s return to Zamalek’s arms.

ICYMI- Zamalek lost the first leg, which took place a week ago in Algiers, in dramatic fashion. In the final moments, Brazilian player Bezerra scored a goal that would have given the White Knights the upper hand in the return leg. However, it was disallowed moments later following a VAR intervention. In a stunning turn of events, the referee awarded a penalty against Zamalek, which Ahmed Khaldi of USM Alger converted to net the only goal of the match.

MEANWHILE- Manchester City claimed the FA Cup title yesterday for the eighth time in their history after defeating Chelsea 1-0. The FA Cup is the oldest football competition in the world and has been lifted by 45 different English clubs, led by Arsenal with 14 titles.

Today’s top fixtures

In Africa, Morocco’s AS FAR visits South Africa’s Mamelodi Sundowns in the first leg of the Caf Champions League final. Kick-off is at 5pm, and the match will be broadcast on beIN Sports 2.

In the Premier League: In a match that kicked off at 2:30pm, Manchester United is facing Nottingham Forest in matchweek 37 of the English Premier League. Meanwhile, Newcastle faces West Ham at 7:30pm on beIN Sports 1.

Over in La Liga: Real Madrid visits Sevilla at 8pm, while Barcelona hosts Real Betis at 10:15pm in matchweek 37 of the Spanish League. Both matches will be broadcast on beIN Sports 2.

Key matches to follow in the major European leagues:

  • Inter Milan vs. Hellas Verona — Serie A, 4pm, Starzplay;
  • Brentford vs. Crystal Palace — Premier League, 5pm, beIN Sports 3;
  • Atlético Madrid vs. Girona — La Liga, 8pm, beIN Sports 3;
  • Paris FC vs. Paris Saint-Germain — Ligue 1, 10pm, beIN Sports 1.


Locally: Round 11 of the Nile League relegation group resumes today with a clash between Al Bank Al Ahly and El Gouna at 5pm on ON Sport 1. At 8pm, Ismaily takes on Zed (broadcast on ON Sport 1), while Petrojet meets Modern Sport (broadcast on ON Sport Max).

This publication is proudly sponsored by

5

Mark Your Calendar

A night of hits and nostalgia with Moustafa Amar this Friday

🎤 Feeling nostalgic? Moustafa Amar is bringing exactly that to CJC 610 this Friday, 22 May, in the spirit of Ma Yatloboho El Mostame3oun. The iconic singer is set to perform a lineup of his beloved classics, followed by another nostalgic set from DJ Andy Cheiko. Doors open at 8pm — you can book your tickets through this link.

6

GO WITH THE FLOW

What the markets are doing on 17 May 2026

The EGX30 fell 1.5% at today’s close on turnover of EGP 11.0 bn (40.6% above the 90-day average). Local investors were the sole net buyers. The index is up 25.2% YTD.

In the green: Qalaa Holdings (+6.5%), AMOC (+4.1.%), and Abu Qir Fertilizers (+2.8%).

In the red: GB Corp (-5.8%), ADIB (-5.5%), and Arabian Cement (-3.9%).


🗓️ MAY

14-23 May (Thursday-Saturday): Cairo Light Festival.

21 May (Thursday): The Prontos Michael Jackson Tribute night at Room Art Space.

22 May (Friday): Moustafa Amar at CJC 610.

22 May (Friday): The Goats Vol.2 at Teatro 90.

22 May (Friday): Ali El Haggar at Theatro Arkan.

22 May (Friday): Adam Port at Salah El Din Citadel.

22 May (Friday): A Night with the Queens at Abdeen Palace.

23 May (Saturday): Glory in Giza at Pyramids Panorama 2.

23 May (Saturday): El Leila El Kebira at Theatro Arkan.

23 May (Saturday): MIE Anniversary at CJC 610.

25 May (Monday): Sharmoofers at Ewart Memorial Hall, AUC Tahrir Square.

26 May (Tuesday): Arafat’s Day.

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

27-30 May (Wednesday-Saturday): Matsagharonash at Theatro Arkan.

27-29 May (Wednesday-Friday): Eid El Adha (TBC).

28 May (Thursday): Ahmed Saad, Ruby, and DJ Rodge at The Garage, Hurghada.

29 May (Friday): Tamer Hosny Eid Al Adha Concert at El Arena.

29-30 May (Friday-Saturday): The Sound of Music at The Arena Theatre, El Gouna.

JUNE

1 June - 1 July (Monday - Wednesday): Acting Workshop with Ahmed Kamal at Maadi’s 3alam Tany.

3-4 June (Wednesday-Thursday): Creative Industry Summit at Heartwork, iCity New Cairo.

5 June (Friday): Ramy Sabry at Tanza, Sixth of October City.

5 June (Friday): Madinaty Half Marathon at Open Air Mall.

7 April - 8 June (Tuesday-Monday): Beyond Van Gogh: The Immersive Experience at District 5 by Marakez in New Cairo.

12 June (Friday): Anoushka at Ewart Memorial Hall, AUC Tahrir Square.

16 June (Tuesday): Islamic New Year.

16 April - 30 June (Thursday-Tuesday): Early bird registration for The Marakez Pyramids Half Marathon.

30 June (Tuesday): June 30th Revolution.

JULY

1 July - 2 November (Wednesday-Monday): General registration for The Marakez Pyramids Half Marathon.

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

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

AUGUST

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

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

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

OCTOBER

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

6 October (Tuesday): Armed Forces Day.

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

NOVEMBER

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

DECEMBER

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

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