Get EnterpriseAM daily

Available in your choice of English or Arabic

How are Egypt’s founders and entrepreneurs using AI?

1

WHAT WE’RE TRACKING TONIGHT

Vance arrives in Switzerland for Iran talks

Good afternoon, friends, and welcome back — hope the long weekend treated you well. We’re easing into the week with something worth chewing on: a look at how Egypt’s founders are actually using AI inside their businesses, from hiring decisions to contract negotiations. Spoiler — it’s further along than the country’s global rankings would suggest. We also have a podcast recommendation for anyone still in a long-weekend state of mind and a full recap of the weekend’s World Cup action, plus tonight’s fixtures.

But first, as usual, the news…

THE BIG STORY ABROAD-

🌐 More of the same headlines are dominating the digital newsfronts this afternoon — here’s the latest: US Vice President JD Vance arrived in Switzerland for talks with mediators, but left reporters with more questions than answers ahead of discussions with Iranian officials. Vance declined to comment on issues ranging from negotiations with Tehran to his stance on Israel’s actions in Lebanon.

Behind the scenes, however, tensions are building. The Trump administration has grown increasingly critical of Israel’s campaign in Lebanon, warning that strikes against Hezbollah risk marring the peace agreements with Iran. Vance had said earlier that the US and Israel may be approaching the conflict from different angles, telling Fox News that the two allies could have “a divergence” over how to achieve their goals. He also cautioned that Israel should be careful not to target its most important ally.

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

MEANWHILE- UK Prime Minister Keir Starmer is widely expected to resign as soon as tomorrow. Starmer is facing questions over his leadership after rival Andy Burnham secured a seat in parliament. The prime minister is said to be considering the “political realities” ahead, following mounting pressure from Labour MPs pushing for a leadership change.

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

IN THE BUSINESS PRESS- The Financial Times reports that SpaceX was awarded the lowest possible environmental, social, and governance (ESG) rating — a triple-C — by index provider MSCI just one day before the company’s record USD 75 bn IPO earlier this month. This places the company on par with Russia’s sovereign rating in the wake of its 2022 Ukraine invasion.

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

  • The gov’t will receive EUR 1.5 bn from the European Union this month to support its economic reform agenda. The tranche brings the total disbursed macro-financial assistance to EUR 3.5 bn out of the EUR 5 bn pledged. The partnership also includes EUR 1.8 bn in investment agreements and EUR 600 mn in grants;
  • The European Investment Bank is currently weighing financing for two major renewable energy projects in the country that will add a combined 1.6 GW of clean power to the national grid. These include Dubai-based Alcazar Energy’s twin 250 MW onshore wind farms near Ras Ghareb and Norwegian renewables giant Scatec’s 1.1 GW Dandara solar plant — which comes paired with a large-scale battery storage system — in Qena;
  • The Oil Ministry is targeting its largest Mediterranean exploration drilling program yet in 2026, including 14 new wells and more than USD 1 bn in expected investment. The Med push is part of a wider 2026 exploration program targeting a total of 101 wells across the country’s oil and gas blocks, with a total expected investment of USD 1.3 bn;
  • The Egyptian National Railways signed four contracts worth EUR 690 mn (c. EGP 39.5 bn) with an Alstom-led consortium to modernize two of our most critical freight and logistics rail corridors. The consortium will tackle the 6th of October-Alexandria corridor and the Belbes-10th of Ramadan line.

☀️ TOMORROW’S WEATHER- Cairo’s experiencing unusually nice weather tomorrow, with a high of just 33°C and a low of 23°C. As for the North Coast, it’s set to be a beautiful and sunny day with a high of 29°C and a low of 22°C, according to our favorite weather app.

2

TECHNOLOGY

Egypt’s entrepreneurs love AI — here’s how they use it

🤖 When Claude analyzed Egyptian coffee brand ReQaf’s 2025 and 2026 budgets, it flagged something the team had entirely missed — a financial insight that led founder Aly Khattab (LinkedIn) to revive one of the brand’s discontinued limited editions. For Khattab, that moment confirmed something he’d already built into his hiring process: AI literacy is now a baseline requirement, the new Excel. “When we hire someone, we check their AI skills — how they write prompts, what kind of AI tools they use. If they’re not familiar with AI, it feels like saying ‘sorry, I don’t know how to use Microsoft PowerPoint or Excel’ during a job interview,” Khattab tells EnterpriseAM.

Egypt ranks 56th out of 64 countries in global consumer AI adoption — but among the entrepreneurs building businesses here, the picture looks different. AI is already part of the hiring process, the creative workflow, and, for some, the boardrooms where major moves happen. When Ahmed El Hefny (LinkedIn), CEO of Zonta, sold his brand Amzolute to US firm InvenTel, AI handled much of the contract back-and-forth. “Of course, there was a [regulatory] professional on board, but AI really helped with the process and the back-and-forth with [InvenTel] and making sure the contract fits what we’re trying to do,” he tells us.

According to a 2025 McKinsey survey, 88% of businesses globally have adopted AI for at least one business function — and Egypt's founders are making sure they’re not left behind. We spoke with three of Egypt’s founders to see how they’re putting AI to work — and what it’s actually changing.

AI as the new workplace staple

AI first found its footing in administrative work — and Egypt’s entrepreneurs put it to use. Khattab relies on a WhatsApp-based AI personal assistant that reads and summarizes his emails, organizes his schedule, and keeps him updated on his calendar. Karim Harouny, CEO of the online gardening and nursery platform Mashtal, takes a “work smart, not hard” approach: before AI, his customer service team would spend almost 15 minutes crafting a reply to an Arabic-language email. “Your AI will do all of that in a fraction of a second now. From a CS perspective, it’s brilliant,” Harouny says.

El Hefny was an early mover, experimenting with LLMs before ChatGPT arrived. “I was fooling around with a couple of LLMs before ChatGPT. It just makes a lot of the manual work a lot easier, and it helps with brainstorming, planning, and a lot of the thought processes that go behind the work. It's a very valuable resource that you use as per your disposition,” he tells us. For El Hefny, opting out isn’t a neutral position. “If you're operating purely without the help of any AI resources, you're fighting an uphill battle. Your competitors in the market have that valuable resource, so they can do more with their time than you can single-handedly. It's a big boost when it comes to output and ideation.”

Where the returns show up… and the gaps that remain

Beyond admin, AI has made its way into finance, accounting, creative direction, and big-buck decisions. For Khattab, it has transformed ReQaf’s marketing output — feeding the tools a brief and getting a full campaign script back. “You just need to feed them the correct prompts. They understand what your business is like. You just tell the bot, ‘I have a campaign for a new origin,’ give them a quick brief, and the script is ready.”

Harouny’s visually driven business runs on Google’s Gemini for creative ideation, which he uses to generate visuals and bounce ideas off Gemini through conversational prompting. “It’s like an incredibly intelligent, friendly buddy. If I need some kind of visual aid, I just go in, work on my prompt, and I think I’ve gotten pretty good at it — nine out of ten times, it just nails it.”

The tools Egypt’s founders reach for most — Claude, Gemini, ChatGPT, DeepSeek, and Nano Banana — are genuinely useful, but not yet fully accessible to everyone. Harouny is candid about the ceiling. “It’s still not completely accessible to the average user. You still have to have a somewhat technical background to fully utilize the tool. But that gap is slowly being bridged daily.”

Harouny has taken a course through Anthropic to get deeper into Claude, with an eye toward eventually setting up his own agents. “Ideally, I would love to be one of those people who can set up their own agents, but every time I start down that path, I realize very quickly that it's just not there yet. I’m waiting for it to be a bit more accessible.” Harouny suspects he's barely scratching the surface and keeps pushing his team to find better ways to use the tools available.

El Hefny has gone further, spending the past year and a half on prompt engineering. “I delved a little into prompt engineering almost a year and a half ago. I wouldn’t say I’m an expert, but I have relative confidence and competence in how to prompt properly to get better results,” El Hefny says. For Khattab, the answer is institutional: AI training is built into onboarding at ReQaf, ensuring the whole team moves forward together. Constant learning has become a priority — not just a nice-to-have.

Egypt’s entrepreneurs aren’t waiting for AI to mature before putting it to work — they’re learning alongside it, integrating it into hiring decisions, creative direction, and big-buck business moves in real time. The tools aren’t perfect, and there’s still a learning curve. But for the founders who’ve leaned in, the returns are already showing up where they count.

3

Ears to the Ground

The Silicon Valley x Saudi Arabia kinship dissected

🎧 Interested in today’s headlines as much as the history behind them? Throughline is your gateway to the past, connecting the dots between historical events and the biggest stories shaping our present. The NPR podcast, led by Peabody Award-winning journalist Rund Abdelfatah and former host Ramtin Arablouei, explores politics, economics, technology, and business, digging up fresh perspectives that help listeners make sense of the world’s current affairs.

Big Saudi money flowing into Silicon Valley. In a 50-minute episode, Throughline digs into the connection between Silicon Valley’s rise and Saudi Arabia’s seemingly endless wealth. Over the past two decades, the country has been one of big tech’s biggest investors, building ties with the biggest names in politics and business — including Elon Musk, Donald Trump, Bill Gates, Jared Kushner, Mr. Beast, and more — a trend jump-started by Saudi Crown Prince Mohammed bin Salman, a tech geek himself.

What we liked: The episode also follows the Yemen invasion, broader Silicon Valley ambitions, AI and technology as rising tools of control and surveillance, and military tech deployed by dictatorships. A sweeping story and an even more sweeping display of storytelling make up the episode. Throughline delivers a rich experience with suspenseful sound design, archival audio, and valuable commentary from both American and Saudi experts, bringing the narrative to life. The episode covers an impressive amount of ground in a relatively short time.

The verdict: Whether you’re a politics junkie or a casual news reader, Throughline is bound to pull you into one of its many engrossing, under-an-hour episodes. If you’re looking to deepen your understanding of current affairs and add context to your daily news digest, the podcast offers informative audio journeys that make history feel vividly relevant to the present.

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

4

Sports

Set your alarms — Egypt clashes with New Zealand in a late-night showdown

The World Cup group stage action rolls on with a slate of marquee matchups today, headlined by Egypt’s return to the pitch.

In Group G, Iran is set to clash with Belgium at 10pm tonight, followed by Egypt taking on New Zealand at 4am on Monday morning at BC Place in Vancouver. The Pharaohs enter the match on the hunt for their first triumph of the tournament after a draw with Belgium in their opener. With New Zealand and Iran also playing to a draw, the group is deadlocked, with all four teams sitting on one point. Both matches will be broadcast on beIN Sports Max 2.

Group H is equally tight, with every team locked at one point apiece:

  • Spain vs. Saudi Arabia — 7pm, beIN Sports Max 1;
  • Uruguay vs. Cape Verde — 1am, Monday, beIN Sports Max 2.

🥅 ICYMI-

Teams advancing to round 32 so far: Die Mannschaft edged out the Ivory Coast 2-1 in Group E to punch their ticket to the next round. The US also advanced after a 2-0 shutout over Australia in Group D. Mexico's 1-0 result against South Korea sealed their spot, while the Netherlands took down Sweden 5-1 to put themselves on the brink of moving forward as group victors or runners-up.

MEANWHILE- Morocco defeated Scotland 1-0 on Saturday, courtesy of an Ismael Saibari goal in the first minute of play — which stands as the fastest goal of the tournament so far. The Atlas Lions move to four points, level with group leaders Brazil, who cruised past Haiti 3-0.

Elsewhere, Canada solidified its grip on Group B with a resounding 6-0 masterclass against Qatar on Friday, while Switzerland handled Bosnia and Herzegovina 4-1 on Thursday.

First casualties: Haiti became the first team eliminated from the World Cup following their loss to Brazil, leaving them unable to qualify despite one group game remaining. Turkey quickly joined them on the sidelines after a 1-0 defeat to a 10-man Paraguay squad, and Tunisia became the third team to exit after a resounding 4-0 defeat to Japan earlier this morning.

**Don’t miss out on the fierce competition in the EnterpriseAM Fantasy World Cup — click on this link or use the code 2CUFGASD to join.

This publication is proudly sponsored by

5

Mark Your Calendar

Catch Sharmoofers live at The Village

🎤 Sharmoofers are taking over The Village in Sheikh Zayed this Thursday, 25 June, as the entertainment hub wraps up a fiery season. Expect high energy, loud memories, and a medley of the band’s biggest hits. The concert kicks off at 10pm — you can get your tickets through Ticketsmarché.

6

GO WITH THE FLOW

What the markets are doing on 21 June 2026

The EGX30 rose 0.1% at today’s close on turnover of EGP 9.6 bn (11% above the 90-day average). International investors were the sole net buyers. The index is up 25.9% YTD.

In the green: Valmore Holding -EGP (+5.7%), Beltone Holding (+3.7%), and Orascom Development (+3.4%).

In the red: Emaar Misr (-2.3%), Palm Hills Developments (-2.0%), and Orascom Investment Holding (-1.5%).


🗓️ JUNE

10 June - 1 July (Wednesday-Wednesday): Artozium at AUC New Cairo.

13 - 27 June (Saturday-Saturday): One Mn In Your Pocket - Real Estate Training at Tolip El Narges, New Cairo.

13 June - 1 July (Saturday-Wednesday): Miriam Hathout: Donkey-Full Summer at Bugendai, O1 Mall in New Cairo.

20-30 June (Saturday-Tuesday): Diwan’s Bumps, Dents, & Bargains Bonanza at Diwan, Heliopolis.

21 June (Sunday): Medhat Saleh at the Cairo Opera House, Zamalek.

21-28 June (Sunday-Sunday): The Stadium at Playa Strip By G Developments, North Coast.

24 June (Wednesday): Al Nather at CJC 610.

24 June (Wednesday): Decision Makers Conference at the Grand Egyptian Museum.

25 June (Thursday): Sharmoofers at The Village.

25 June (Thursday): Elissa at Almasa Hotel in Nasr City.

26 June (Friday): Hamaki at El Arena.

26 June (Friday): The Play Festival at City Gate, New Cairo.

26 June (Friday): Ain Gamal Vol. 63 at The Theater, Movenpick, 6th of October City.

27 June (Saturday): Tamer Ashour at The Mall of Mansoura.

27 June (Saturday): Daleela Summit at Townhall, District 5.

28-29 June (Sunday-Monday): Omar Khairat at the Cairo Opera House, Zamalek.

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.

3 July (Friday): Ruby at O by Michel Fadel, Marassi.

6-20 July (Monday-Monday): Bibliotheca Alexandrina International Book Fair.

7-11 July (Tuesday-Saturday): Khayal Mareed Play at Theatro Arkan.

9-11 July (Thursday-Saturday): Comixandria at Jesuit Cultural Center, Alexandria.

10 July (Friday): Mohamed Fouad, Hamid El Shari, Hisham Abbas, and Hossam Hosny at Tiatro Romano, Marina 2, Al Alamein.

10 July (Friday): Ghaiboba by Saleh El Nawawy at Teatro 90.

17 July (Friday): Tamer Ashour at Cocoon Beach, Sidi Abdel Rahman.

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

23 July (Thursday): Marwan Pablo & Lege-Cy at Porto Golf.

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

31 July (Friday): Shorelines Festival at Almaza Bay.

AUGUST

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): Sherine at Porto Golf, Alamein City.

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

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

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

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

SEPTEMBER

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.

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

DECEMBER

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

Now Playing
Now Playing
00:00
00:00