Meet the founder and AI enthusiast making travel visas easier

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WHAT WE’RE TRACKING TONIGHT

Annual urban inflation speeds up to 14.9% in July

Good afternoon, ladies and gents, and welcome back. If you’ve ever spent months applying for a Schengen visa only to get rejected, today’s story will feel personal. An Egyptian startup is taking on the process — the document piles, the disappearing appointment slots, and the brokers — with an AI agent that handles it end to end. Also in today’s issue: the House of the Dragon season three finale aired this morning, and after a mid-season that tested everyone’s patience, we have thoughts.

But first, the news…

THE BIG STORY TODAY-

📍 Egypt’s annual urban inflation sped up to 14.9% in July, its first acceleration since March, according to Capmas data — but it came in below the 15.6% a Reuters poll of analysts had penciled in. That snaps three straight months of cooling — 14.9% in April, 14.6% in May and 14.3% in June — and puts the rate right back where it stood in the spring.

The jump is almost entirely a base effect, not fresh price pressure. Urban prices were flat on the month — 0.0% against June — as food and beverages fell 0.6% m-o-m and a 2.4% drop in recreation and culture offset rises elsewhere. What lifted the annual figure was the weak July 2025 reading dropping out of the 12-month comparison, not households paying more in July.

^^ We’ll have more on this story in tomorrow’s edition of EnterpriseAM.


Destination Sahel Issue III drops this week, and we’re diving into how the North Coast is adapting to a changing market.

Developers are recalibrating as buyer behavior shifts, luxury retail is carving out a bigger piece of Sahel’s economy, and the wellness and sports scene has become a summer destination on its own.

In this issue, we get into what’s actually changing on the ground, from how developers are adjusting their pitch to where to shop and how to stay active this season.

Coming straight to your inbox on Wednesday, 12 August.


THE BIG STORY ABROAD-

🌐 It’s a relatively calm afternoon on the global newsfronts, with no single story getting top billing and no notable updates on the US-Iran conflict. However, as negotiations between the two warring nations stall, shipping transit has already begun to steer away from the Strait of Hormuz. Chinese container shipping company Sea Legend is launching the first regular container service through the Arctic this week, connecting Ningbo in China with Felixstowe in the UK along Russia’s northern coast. Called the “Ice Silk Road,” the weekly route could cut the journey from around 40 days to roughly half that, depending on Arctic conditions.

The move follows a record 23 transits through the Northern Sea Route last summer, up from 15 in 2024. With summer ice now clearing far enough south for vessels to pass without icebreakers, shipping companies are increasingly eyeing the route as an alternative to vulnerable chokepoints such as the Bab Al Mandab and the Strait of Hormuz.

^^Read more on: Financial Times.

MEANWHILE- A Ukrainian drone attack on industrial and civilian targets in Russia’s Nizhnekamsk earlier today reportedly killed at least 13 people and injured dozens more, marking one of the country’s deadliest civilian incidents in months. Ukraine’s military said it targeted Tatneft’s Taneco oil refinery in Tatarstan, around 800 km east of Moscow. The attack reportedly continued for several hours overnight and into Monday morning.

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

IN THE BUSINESS PRESS- JPMorgan has raised its year-end target for the S&P 500 to 8k from 7.8k, citing stronger corporate earnings and growing confidence that Big Tech’s AI investments will translate into faster revenue growth. The S&P 500 has already returned to record highs after corporate earnings jumped 32%, while investors continue to scrutinize Big Tech’s hefty AI spending and its impact on cashflows. JPMorgan expects that spending spree to continue, with AI investments projected to make up more than half of the S&P 500’s estimated USD 1.5 tn in total capital expenditure this year.

^^Read more on: Reuters and Bloomberg.

ALSO- More than 1 mn people have been evacuated across eastern China, including Shanghai, as Typhoon Dolphin made landfall, bringing torrential rain and widespread transport disruptions. Nearly 1k flights were canceled in Shanghai on Monday alone, while authorities continue to warn of severe flooding and landslides through Wednesday. Although Dolphin has since been downgraded to a tropical storm, it’s the strongest storm to hit China this year.

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

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

  • The Awqaf Authority is putting a 41k-sqm plot at the former Rawd El Farag market site in Cairo up for development through a private-sector partnership. The prospect is already open to investors, with the authority accepting proposals from both local and foreign developers. Hotels, office buildings, and towers are among the potential uses identified for the plot by the authority;
  • Qatari Diar launched the first phase of its USD 29.7 bn Alam El Roum development, with up to EGP 220 bn going into the 4 mn sqm phase. This phase will span around 1.4 mn sqm of built-up area, including four hotels with more than 1k rooms, a marina with 50 yacht berths, around 195k sqm of artificial swimmable lagoons, and a 2-km beach and waterfront promenade. Initial deliveries are targeted for 2030;
  • Fund managers can soon launch hedge funds in Egypt for the first time, either by building ones from scratch or converting existing mutual funds. The decision seeks to deepen local capital markets by introducing absolute-return strategies to the Egyptian Exchange. With that, the FRA just created a whole lot of demand for our nascent derivatives market;
  • The Oil Ministry is lining up EGP 257.7 bn in investment to expand extraction activities over the coming period, including EGP 103 bn earmarked specifically for natural gas. The spending will focus on West Nile and the southern Western Desert, alongside new exploration work, as the ministry looks to lift domestic output after years of declining production and reduce reliance on imports.

☀️ TOMORROW’S WEATHER- Be warned, folks: the heat is cranking up tomorrow, with the mercury set to peak at a sweltering 41°C before dropping to a warm 28°C at night. Up on the North Coast, expect more humid conditions and an exceptionally hot high of 34°C — dehydration and heatstroke warnings are in effect — before easing to 25°C at night, according to our favorite weather app.

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AFTER HOURS: THE BUSINESS OF TRAVEL

One Egyptian founder and AI enthusiast is out to fix the broken visa process plaguing “residents of the Global South”

🤖🛩️ Endless toiling, heaps of bank statements and employment records, and as much proof as you can gather to make them believe you’re not going to make a run for it the second you land. That is exactly how the Visa application process goes for Egyptian single-passport holders. One Egyptian AI startup is out to change that.

If you’ve ever applied for a Schengen visa from Egypt, you know the drill. Weeks of document gathering, opaque checklists that change without notice, appointment slots that vanish before you can book them, and brokers who charge a premium to navigate a process that shouldn’t require navigation in the first place. For hundreds of mns of people traveling on “weak passports,” it’s a “50-year old humiliating process,” Aly Moursy (LinkedIn), founder of Veeza AI, tells EnterpriseAM.

So, what exactly is Veeza AI? It’s a straightforward pitch: upload your passport, tell the platform where you’re going, and an AI agent handles the rest — forms, translations, appointment booking, document verification — with a human expert reviewing every application before it goes anywhere near an embassy. The company launched its closed beta on 19 April and moved into public beta in June. A hard launch is planned for September.

The human building the AI

Moursy lived, breathed, and worked with technology for as long as he could remember. He tells us his obsession with technology started long before he could code. His father, grandfather, and great-grandfather were all engineers. His mother’s family owns Abdel Rahim Koueider, the Cairo dessert institution his great-grandfather founded in the 1920s. Engineering ran on one side of the family; business on the other. Both would prove to serve him well.

Moursy studied electrical and communications engineering at Carleton University in Canada. By his first year, he was already building. In 2014, he launched Seeqe, a Q&A platform for local product discovery at a time when businesses weren’t yet online. The idea went “mini-viral” in his city before hitting its limits. It didn’t scale. He moved on. The following summer, he cold-emailed his way into becoming one of the first employees at BitAccess, a Y Combinator-backed Bitcoin ATM startup in Canada. “Being surrounded by those early-stage thinkers showed me what it takes to operate at that level,” Moursy adds.

After graduating, he joined Bell Canada’s Graduate Leadership Program, a selective rotational track where he spent three years as a product manager and UX lead. When Covid hit and local commerce shifted online, he co-founded Dlvvr — a Shopify app offering same-day local delivery for small businesses at a time when local delivery in Canada barely existed. The company bootstrapped to around USD 50k in revenue within a year before Moursy returned to Egypt.

Back in Cairo, he spent a year on the board of Abdel Rahim Koueider, helping modernize operations. Then came Efreshli, an interior design platform, where he led new product development and helped launch Efreshli AI: a tool that lets users redesign a room with AI and buy the resulting look directly from Efreshli’s catalog of over 200 brands.

Every company Moursy built has solved a problem between a person and something they’re trying to reach — a product, a package, a home design, and now a country.

… Veeza is the most ambitious version of that idea yet.

What Veeza AI actually does

The product targets what Moursy describes as the most acute pain point he encountered after returning to Egypt: “People with stable jobs and businesses who struggle to travel because they cannot secure visa appointments or have to navigate opaque travel agencies and brokers.”

A user selects a destination — Veeza currently supports around 20 countries, 10 of which are fully self-serve — and uploads their documents. The platform extracts passport details automatically, translates Arabic text to English, and formats the data for the relevant application forms. An adversarial AI model then runs a first pass, flagging missing items or potential errors. A human expert reviews those findings before anything moves forward. Once verified, a digital agent monitors embassy systems around the clock to secure an appointment slot. The user receives real-time WhatsApp updates and a complete application package — cover letters, appointment confirmation, pre-filled forms — ready to print.

Pricing runs on a fixed-fee model per completed application, ranging from EGP 1.5k for standard applications to EGP 4k for more complex country requirements. A B2B tier is also in development, offering subscription-based access for travel agencies processing bulk applications, with dedicated service-level agreements.

The human element is still as pivotal as ever. “Because visa applications are high-stakes, human supervision is vital,” Moursy tells EnterpriseAM. Within 12-24 months, he expects advanced AI models to reach near-perfect accuracy on standard flows. But human oversight, he argues, will remain necessary for a different reason: “Human orchestrators possess real-time domain strategy outside the AI’s training data — such as sudden policy updates issued by embassies in the last 24 hours.”

Built in Egypt, for Egypt and beyond

The September launch will mark Veeza’s transition from Egyptian beta to a broader play, but the ambition behind it extends well beyond visa processing. Moursy is making a larger argument about who builds AI for the Global South, and why it matters that the answer is someone who lives there.

“The future of consumer and B2B AI verticals in the Middle East must be built by people from the region,” he tells us. It’s not just patriotism or sentimentality that guides this, but rather structure. General-purpose models built in the Global North are trained on Global North problems — and the Global North, by and large, does not queue for visa appointments, navigate Arabic-language bureaucracy, or operate businesses in currencies that devalue overnight. “General models built in the West won’t solve Global South problems because they don’t experience them,” he says.

“People in the Global North rarely need tourist visas. Yet 70% of all global visas are tourist or short-stay visas.” The market exists at an enormous scale. What was missing was someone building the solution from the right side of the problem. Builders here can see solutions that are invisible from San Francisco or London.

Some 20% of Veeza’s roughly 700 weekly support inquiries already come from outside of Egypt — Ethiopia, Nigeria, Cameroon, Indonesia, India, Bangladesh, and Global South nationals living in the US trying to obtain Schengen visas. “Egypt is our primary launch market. Once we establish our footprint in MENA, we plan to expand operations across Africa and Southeast Asia,” Moursy says. The Egyptian entrepreneur has big ambitions for his latest venture — while the company is currently bootstrapped, Moursy says, “that’s going to change soon.”

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ON THE TUBE TONIGHT

The third season of House of the Dragon comes to a fiery end

🔥📺 The curtain falls on the third season of House of the Dragon. Following an incredible season premiere earlier in June — which saw us glued to our screens for every second of its runtime — the third season of House of the Dragon soon saw its episodes slow, stall, and frustrate its loyalists. The season’s saving grace would have been its finale, and earlier today, it — by some miracle — delivered. These are our spoilerfree thoughts…

The final act: Picking up right where episode seven left off, the finale follows Queen Rhaenerya Targaryen (Emma D’Arcy) as she learns of her half-brother’s — King Aegon (Tom Glynn-Carney) — return, and his dragon’s resurrection. The smallfolk-proclaimed “Queen of Bastards” becomes furious, erratic, and vengeful, setting forth a series of events that threaten to turn even the most loyal of the Black faction against her… including her own kin. The episode ties several loose ends but leaves several holes in their stead — ones we’ll have to wait another two years to address when the fourth and final season drops in 2028.

What we liked about the finale: Following a stiff mid-season run, which saw ratings drop compared to the season’s first two episodes, the finale finally picked up the pace. In its 75-minute runtime, a number of revelations — some more significant than others — several overdue conversations, and a brutal battle sequence brought the series back on track. Much like the premiere, we were invested in every second. D’Arcy, Matt Smith (Daemon Targaryen), Abubakar Salim (Alyn of Hull), and Gayle Rankin (Alys Rivers) gave some of their best performances in the show to date.

But… was it too late?

Eight more episodes left in the series, lots of ground left to cover. With the final season comprising only eight episodes, there remain plenty of storylines, subplots, and major battles to depict, which we — Fire & Blood enthusiasts — cannot envision being done justice if the pacing curse continues. And several key characters involved in storylines that overtook the majority of the season were absent from the finale. Ryan Condal, the show’s creator, seems to have cornered himself. Author and creator George R. R. Martin (GRRM) tried to warn us.

Beware the butterflies: In 2024, GRRM took to his blog for a lengthy rant — quickly taken down — criticizing Condal, and only now do we understand the author’s frustration. It seems GRRM was making a reference we would only come to understand two years later. We’ll keep it at that to avoid spoilers.

The verdict: The finale gets the job done for the most part. For casual viewers, it’s an exciting, nail-biting watch to the end — one that makes up for a somewhat below-average season. For A Song of Ice and Fire Universe stalwarts, it might leave a sour taste, but we won’t be too quick to judge. Despite our concerns about the upcoming final season, we still hold out hope that the best is yet to come. It almost has to be — otherwise, we risk another Game of Thrones-style send-off.

WHERE TO WATCH- The finale is now streaming on OSN+. Watch the episode teaser on YouTube (watch, runtime: 1:09).

This publication is proudly sponsored by

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Mark Your Calendar

Nawal El Zoghby and Wael Jassar head to Tiatro Romano this Friday

🎤 If you’re just settling into Sahel, so is the Tiatro Romano festival as it continues its star-studded summer run. This Friday, 14 August, Arab pop icons Nawal El Zoghby and Wael Jassar are taking over the Roman Theater in Marina 2, Al Alamein. The night will see both singers bring their biggest hits to the stage. The concert kicks off at 10pm, with tickets available on TicketsMarché.

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GO WITH THE FLOW

What the markets are doing on 10 August 2026

The EGX30 fell 0.5% at today’s close on turnover of EGP 14.9 bn (49.4% above the 90-day average). Local investors were the sole net buyers. The index is up 31.2% YTD.

In the green: Rameda (+9.3%), Ibnsina Pharma (+5.6%), and Misr Cement (+2.5%).

In the red: Orascom Development (-2.7%), Beltone Holding (-2.2%), and E-finance (-2.0%).


🗓️ AUGUST

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

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

11-17 August (Tuesday-Monday): El Sawy CultureWheel Sakia Book Fair, Zamalek.

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.

15-24 August (Saturday-Monday): The International Citadel Festival for Music at Saleh El Din Citadel.

15 August (Saturday): Riham Abdel Hakim at Mahka Theatre, Salah El Din Citadel.

15 August (Saturday): El Leila El Kebira at Teatro 90.

16 August (Sunday): Aziz Maraka and Samar Tarik at Mahka Theatre, Salah El Din Citadel.

17 August (Monday): Wust El Balad and Nesma Mahgoub at Mahka Theatre, Salah El Din Citadel.

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

19 August (Wednesday): Hisham Abbas and Sherif Mounir at Mahka Theatre, Salah El Din Citadel.

19 August (Wednesday): Autostrad at CJC 610.

20 August (Thursday): Hakeem at Tiatro Romano, Marina 2, Al Alamein.

20 August (Thursday): Saad El Oud and Fouad & Mounib at Mahka Theatre, Salah El Din Citadel.

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.

23 August (Sunday): Ali El Haggar at Mahka Theatre, Salah El Din Citadel.

24 August (Monday): Medhat Saleh, Amr Selim, and Nesma Abdel Aziz at Mahka Theatre, Salah El Din Citadel.

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

27 August (Thursday): Jadal at Bibliotheca Alexandrina.

28 August (Friday): Ramy Sabry at Tiatro Romano, Marina 2, Al Alamein.

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.

6-9 September (Sunday-Wednesday): Khayal Mareed at Theatro Arkan.

11-14 September (Friday-Monday): MedFest Egypt at AUC Tahrir Square.

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.

2-7 November (Monday-Saturday): Barbara O’Neill Wellness Journey at Sheraton Miramar Resort, El Gouna.

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

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

21 November (Saturday): El Gouna Half Marathon.

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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