Good afternoon, friends, and welcome back. If you (or someone you know) haven’t locked in a summer internship yet, today’s issue has you covered — there’s still time, and we’ve mapped out where to look. We also have a podcast worth adding to your rotation, and the World Cup semi-finals are set: France, Spain, England, and Argentina. That and more.
But first, the news…
THE BIG STORY ABROAD-
🌐 The latest exchange of strikes between the US and Iran continues to dominate headlines this afternoon, following US President Donald Trump’s order for renewed airstrikes on the Islamic Republic. In what marks the third round of US strikes in a week, Iran retaliated by launching drone and missile strikes targeting US military bases in Bahrain, Kuwait, Jordan, Oman, and Qatar. Iran’s Revolutionary Guard said the Strait of Hormuz is closed until further notice. Considering the attacks a violation of the MoU, US Central Command says the US is “imposing a heavy cost by continuing to degrade Iran’s ability to attack civilian mariners and commercial ships transiting the strait.”
AND- Former Qatari emir Sheikh Hamad bin Khalifa Al Thani has died at 74. After leading a coup that overthrew his father in 1995, Hamad ruled Qatar for 18 years, transforming the country into one of the world’s wealthiest nations — and largest LNG exporters — cementing his legacy as the architect of modern Qatar.
ALSO- US Senator Lindsey Graham has died at 71 after a reported cardiac arrest. The prominent Republican from South Carolina was a close ally to Trump who served the senate for over two decades. He was a strong advocate for military intervention in Iran and Iraq and a strong supporter of Israel and Ukraine. In a post on Truth Social, Trump said that Graham was “one of the greatest people and senators” he has ever known.
The EnterpriseAM Egypt Forum is back — and this year, we’re giving the full day to the one question on every business leader's mind: What does AI actually mean for your company, your people, and your own job?
Leaders in New York, London, Abu Dhabi, and Singapore are asking the same things, and nobody has built a playbook that works yet. We're all figuring it out in real time — and for Egypt, the stakes are unusually high.
Egypt could leapfrog a generation on the back of this technology — or watch AI hollow out the industries and jobs we can't afford to lose. The leaders who get literate early will be the ones who get to decide which road we take.
Every session on stage answers one question: “So, what do I actually do about it?”
Join us on 5 October in Cairo. Seats are limited and attendance is by invitation only.
** CATCH UP QUICK on the top stories from today’s EnterpriseAM:
Danish shipping firm Maersk isbringing back Suez Canal transitson its India-Middle East-US East Coast service. Maersk’s return is an early signal of recovery for our Suez Canal revenues, which rose 23% y-o-y to USD 4.8 bn in FY 2025/26 after dropping sharply during the prolonged Red Sea crisis and subsequent Hormuz disruptions;
A joint parliamentary committee hasamended a government billfor the Mostakbal Misr Authority, narrowing its tax relief, limiting its jurisdiction to land it owns, capping its fee increases, and restoring the state auditor’s oversight;
The Central Bank of Egypt’s Monetary Policy Committeeheld its key policy rates for a third straight meeting on Thursday, keeping the overnight deposit rate at 19.00%, the overnight lending rate at 20.00%, and the main operation rate at 19.50%.
☀️ TOMORROW’S WEATHER- We’re unsurprisingly in for another warm day in the capital, with the mercury set to peak at a high of 36°C, before registering an overnight low of 24°C. Up north, expect a high of 31°C and a low of 25°C, according to our favorite weather app.
🎓 For many students, summer break has been underway for a while. While it’s the perfect time to unwind, head to your preferred coast, or simply enjoy a slower pace of life, it’s also one of the best chances to gain hands-on experience in your chosen field. If you haven’t secured an early summer internship yet, don’t worry — it’s not too late. Plenty of organizations are still accepting applications for summer interns. Whether you’re a fresh graduate easing into the job market or a student looking to strengthen your CV, there are plenty of options.
For the digitally inclined
#1- Social Nuts: Egypt and UAE-based digital and software agency Social Nuts is looking for up-and-coming digital professionals. Its 2026 program offers internships in account management, content creation, graphic design, UI/UX design, business development, and human resources. If you’re passionate about marketing, data, and transforming strategy into results in the digital landscape, this program could be a great fit for you.
APPLY BY- The program starts on Saturday, 1 August — you can send your resumes in before applications close.
HOW TO APPLY- You can apply through its website or email.
#2-The Brand Hat: Calling AUC students and alumni, marketing agency The Brand Hat is on the lookout for a marketing executive intern who can think up great ideas and masterfully execute them. The one-month internship is paid, with five vacancies available.
APPLY BY- Wednesday, 22 July.
HOW TO APPLY- You can apply through the AUC Career Center’s website.
#3- Autovroom: The go-karting destination is accepting applications for its creative internship program, with openings for aspiring graphic designers, content creators, creative directors, video editors, photographers, and videographers. If you’re looking to combine your creative skills with a passion for motorsports, this one’s for you.
APPLY BY- Applications are now open for July, August, and September cohorts.
#1- Rabbit: Looking to break into e-commerce? Rabbit’s summer internship program is back with openings across multiple departments, welcoming senior university students and fresh graduates. Openings are available in tech, product and design, sales and account management, marketing and content creation, IT, finance, commercial, and operations.
APPLY BY- The internship is open from July to September.
HOW TO APPLY- Submit your application through its website.
#2- CIB: If you’re looking to get into the banking sector, CIB is accepting applications for its August internship program, open only to first, second, and third-year university students.
APPLY BY- Tuesday, 21 July.
HOW TO APPLY- Submit your application through its website.
#3- Al Ahly Momkn: For future fintech leaders, e-payment platform Al Ahly Momkn announced its summer internship program for university students and fresh graduates, with a range of openings across tech, IT, business development, HR, marketing, and finance.
APPLY BY- Dates are not specified, but the program runs for 1-3 months, depending on the chosen internship track.
#1- Infinity Towers: Does the world of real estate appeal to you? Urban developer Infinity Towers is accepting applications for its summer 2026 internship program from second-year university students and above, as well as fresh graduates. Openings are available across a wide range of departments including HR, marketing and communications, graphic design and creative content, sales and business, development, architecture and design, engineering, finance, operations, customer experience, IT, procurement and supply chain, strategy and business excellence, and administration.
APPLY BY- Dates are not specified.
HOW TO APPLY- Submit your application through its website or LinkedIn.
#2- GE Vernova: Global energy technology company GE Vernova is offering three early-career programs this summer. Engineering students can apply for the grid automation internship, gaining hands-on experience in their chosen engineering track, as well as sales and project management. HR-focused fresh graduates can apply for the HR people partner co-op program and the lead customer application engineering program, where they’ll gain experience in customer-focused engineering solutions and technical proposal skills.
APPLY BY- No deadlines are specified — the grid automation program runs for almost two months, the HR program for 6-12 months, and the customer application engineering program for one year.
HOW TO APPLY- Submit your application through its website or LinkedIn.
For the impact-driven
#1- The Rural & Environmental Industries Support Fund (REIS): Egypt’s Social Solidarity Ministry just announced their summer internship program for the REIS, located at its HQ in Agouza. Openings are available in administrative support, finance, exhibitions and events, funding and risk management, social media, design, development and social work, IT and development, research, and more.
#2- IOM - UN Migration: If you’re looking to break into the humanitarian and international development sector, the UN’s International Organization for Migration (IOM) is offering a 2-6 month internship program within its Immigration and Border Governance division. Applications are open to final-year high school and university students, as well as one-year fresh graduates aged 20-36. Interns will gain hands-on experience in migration governance, project organization and management, and international cooperation initiatives.
APPLY BY- Wednesday, 15 July.
HOW TO APPLY- Submit your application through this link.
#3- Mediterranean Youth Foundation: Women-led, youth-focused NGO Mediterranean Youth Foundation (MYF) just opened its six-month paid internship program, running from October this year until March next year. Positions are available across a range of departments — graphic design, social media, translation, partnerships, project coordination, IT, reel making, climate and energy, HR, content creation, administrative support, and research and advocacy. Fresh graduates from ages 22-29 with minimum experience are welcome to apply, with young mothers especially strongly encouraged.
APPLY BY- Wednesday, 12 August.
HOW TO APPLY- Submit your application through this form.
#4- Cairo Runners: If you’re into community engagement and sports management, homegrown running community Cairo Runners is looking for interns in business development, graphic design, and marketing.
#1- The Laboratory and Two.Five: Calling all analog camera and film aficionados, Zamalek-based film lab The Laboratory and motion picture film studio Two.Five are looking for part-time interns to help out in their darkroom, where apprentices will learn the ins and outs of developing photography and motion picture film as well as the sleeving and archival process. If you’re passionate about keeping the analog craft alive, this internship is for you.
APPLY BY- Applications are open now — the internship will run for two months and start on Monday, 20 July.
HOW TO APPLY- Submit your application through this form.
Last-minute applications
#1- Mazra’a Network: Looking to break into the local arts and culture scene? Cultural social enterprise Mazra’a Network is back with a summer internship program, offering creative positions for assistant artist managers, event and project coordinators, photographers, videographers, video editors, graphic designers, design heads, content creators, motion designers, and social media moderators. The internship will feature access to Mazra’a’s many sub-communities, events, and workshops.
APPLY BY- Tomorrow, 13 July. The internship starts on Wednesday, July 15 and lasts until the end of September.
HOW TO APPLY- Submit your application though this form.
#2- El Abd: Interested in the baking industry? Beloved dessert brand El Abd announced its summer internship program with positions open in HR, IT, marketing, procurement, finance, internal audit, quality, and engineering. University students and fresh graduates are welcome to apply.
APPLY BY- El Abd is still accepting applications — the internship runs from July to August.
HOW TO APPLY- Submit your application through this form.
#3- Polka Dot Agency: Advertising and marketing agency Polka Dot is looking for interns this summer in HR, graphic design, content creation, account management, finance, and business development. If you’re interested in scaling brands, this internship is worth checking out.
APPLY BY- Applications are still open — the internship runs from July to August.
HOW TO APPLY- Submit your application through this form.
🎧 A narrative approach to bloody history:Noble Blood, produced by iHeart and Grimm & Mild, takes a storytelling-first approach to the history of royal families. Its host — American writer and author Dana Schwartz — moves beyond conventional narratives to explore the decision-making and drama behind royal life.
What to expect: The podcast focuses on tyrannical and tragic figures, examining how the purely personal decisions of heads of state can redraw maps and determine the fate of nations. Episodes drop every Wednesday, averaging 30 minutes, and Schwartz relies on tight narrative storytelling rather than open-ended conversation.
The Mad Baron: In this two-part episode, Schwartz profiles Russian officer Roman von Ungern-Sternberg, who led the invasion of Mongolia in 1921. While the stated objective was to liberate the country from Chinese forces, the episode peels back the hidden motivations and authoritarian impulses that drove his decisions during the eight months he controlled the capital, showing how absolute personal conviction can curdle into political atrocity.
What we liked: A single episode is enough to appreciate the quality of the archival research and the fluency of the storytelling, making it accessible to any listener without requiring prior knowledge of the historical detail. The podcast also earns credit for steering clear of the royals and events that have been done to death, gravitating instead toward lesser-known figures and chapters of history.
What we didn’t like: Noble Blood sits squarely in the entertainment history category — it lacks the deeper analysis of economic forces and structural drivers that business leaders and analysts tend to look for, favoring psychological and personal motivations instead. And while the sourcing is strong, the dramatic framing and the visibility of Schwartz’s own perspective on a number of questions can soften the objectivity and neutrality that rigorous historical analysis demands.
Our verdict: Noble Blood has the hallmarks of genuinely entertaining content — the kind that makes even the most complex historical subjects compelling. It is closer to an audio documentary series than a traditional podcast, layered with sound design and driven by Schwartz’s storytelling. If you have an appetite for history and its darker corners, this one’s for you.
⚽ Four teams, two semi-final matches, one trophy: The World Cup semi-finals are set — France face Spain at 10pm on Tuesday at Dallas Stadium, and England take on Argentina at 10pm on Wednesday at Atlanta Stadium. The victors will then meet in the final on Sunday, 19 July at New York New Jersey Stadium. Losers will battle it out for third place on Saturday, 18 July. For the first time in World Cup history, the four semi-finalists are the same four teams ranked first through fourth in the FIFA world rankings — France, Argentina, Spain, and England, in that order.
🥅 ICYMI-
It was an intense World Cup weekend, to say the least. The action kicked off on Thursday with France doing what they did to Morocco four years ago. Mbappé missed a first-half penalty, then overcame it with a curling effort in the 60th minute and an assist for Dembélé six minutes later, to send France into the semifinals 2-0. It was his 20th career World Cup goal — moving him to within one of Messi’s all-time record — and his 12th in the knockout rounds/
On Friday, Spain had their time in the limelight. Fabián Ruiz opened the scoring in the 30th minute — off a rebound from a Courtois save — before Charles De Ketelaere equalized for Belgium nine minutes later, ending Spain’s record run of 609 consecutive World Cup minutes without conceding. Belgium lost Courtois to injury in the 73rd minute, his replacement Senne Lammens coming on only to spill a Pau Cubarsí shot in the 88th minute, with substitute Mikel Merino tapping home the final score from close range.
Last night and early this morning were the matches we’d all been waiting for. In England vs. Norway, which ended 2-1 for The Three Lions, Andreas Schjelderup fired Norway ahead in the 36th minute, but Bellingham equalized just before half-time. Kane then had the ball in the net moments later, only for it to be ruled out for offside. Norway had a second goal disallowed after VAR ruled Haaland had pushed an England player before the corner was taken, and the match went to extra time with the sides level. Norway coach Ståle Solbakken then took off an exhausted Haaland at half-time of extra time — held scoreless for the first time in this World Cup — and Bellingham settled it moments later.
Argentina’s victory wasn’t without controversies… again. Mac Allister headed home a Messi corner in the 10th minute, before Dan Ndoye equalized for Switzerland in the 67th — and then the match turned on one of the tournament’s most contentious moments. Leandro Paredes was initially booked for a foul on Breel Embolo, but VAR reviewed the decision under the “mistaken identity” protocol and determined Embolo had been falling before contact was made — handing the yellow to Embolo instead. Since Embolo already carried a booking, he was sent off, leaving Switzerland to play the final 18 minutes of regulation and all of extra time with 10 men.
**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.
⚽ Feeling patriotic? Cairo International Stadium will welcome Egypt’s national football team tomorrow, 13 July for a celebratory homecoming following their historic run at this year’s World Cup. The event will honor the players and coaching staff, with musical performances also on the lineup. More details are expected to be announced soon. In the meantime, you can secure your tickets on Tazkarti — the event kicks off at 9pm.
The EGX30 fell 0.1% at today’s close on turnover of EGP 10.1 bn (14.3% above the 90-day average). Local investors were the sole net buyers. The index is up 24.9% YTD.
In the green: Raya Holding (+3.3%), Heliopolis Housing (+1.8%), and GB Corp (+1.6%).
In the red: Misr Cement (-1.5%), Emaar Misr (-1.3%), and Arabian Cement (-1.3%).