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Small but mighty

1

WHAT WE’RE TRACKING TONIGHT

New Turkish and Chinese investments incoming

Good afternoon, friends, and happy hump day. It’s another calm day on the newsfront, and we’ve got some good news for you: in case you missed it, we’re in for a four-day workweek next week.

THE BIG STORY TODAY-

Turkish and Chinese textile investors are once again giving us plenty of investment news to look into this afternoon, including a USD 130 mn textile factory courtesy of China’s Evafar Textile Egypt, according to an Suez Canal Economic Zone statement. The Qantara West project is set to create 3.2k jobs and bring in FX revenues, with all production earmarked for export.

Representing Turkey in today’s slew of investment news is Nil Örme with a USD 35 mn factory also planned for Qantara West, according to a separate statement from the zone. The project will create 2k jobs and earmark 90% of production for export.


AND- The Finance Ministry is set to begin implementing the Advance Customs Information (ACI) system for air freight in January 2026, government sources told EnterpriseAM today. This move comes after a nearly five-year delay, despite the system's mandatory application for sea freight in October 2021.

ACI? The ACI is a system that requires shippers to submit cargo data and documents — such as pro-forma invoices and draft bills of lading — at least 48 hours before shipment leaves the export country. It’s a key part of the Finance Ministry’s digital customs system known as Nafeza, which went live in 2021.

What’s next? The Egyptian Customs Authority (ECA) will begin the pilot operation of the ACI customs system for local and foreign air freight companies and airlines starting from the beginning of September until the end of December, our sources noted. The mandatory operation is set to begin January 1, 2026.


In the fourth issue of our Destination Sahel series, we're bringing you the latest updates on New Alamein City and a look at the best investments in Sahel today. We also investigate the growing issue of beach erosion and its impact on our shores.

Look for Destination Sahel, Issue IV, in your inbox on Wednesday, 3 September.

Missed the first three issues? Tap here to read the full series.


THE BIG STORY ABROAD-

Still getting top billing in the global press this afternoon is US President Donald Trump’s decision to fire Federal Reserve governor Lisa Cook. In the latest move in his ongoing feud with the Fed, Trump took to Truth Social last night to fire governor Lisa Cook over allegations of mortgage fraud. “There is sufficient reason to believe you may have made false statements on one or more mortgage agreements,” Trump’s letter reads.

Hours following the announcement, Cook issued a statement rejecting Trump’s decision, noting “no cause exists” to back the dismissal. Cook’s attorney is set to take “whatever actions are needed to prevent [Trump’s] attempted illegal action.” It is worth noting that Trump’s decision could indeed be legally challenged. The unprecedented — and legally dubious — move leaves room for the US president to find a replacement that allows him more control over Fed policy, following increased pressure on policymakers to lower interest rates. (Reuters | AP | CNN | BBC | Guardian | New York Times | Washington Post)

☀️ TOMORROW’S WEATHER- We’re in for another cool day in Cairo tomorrow, with temperatures set to peak at 35°C, before cooling down to 22°C. Up north, temperatures will reach a high of 29°C and a low of 26°C, according to our favorite weather app.

2

FOR YOUR COMMUTE

Silicon Valley goes back to its startup roots

? AI firms are choosing quality over quantity as competition picks up for the next breakthrough. Reverting to the startup way, big tech is coming to the realization that smaller teams could be more effective. With an already limited pool of qualified AI researchers to pull from, the trend seems to add fuel to the fire in the ongoing AI talent war and escalating poaching efforts.

Less is more. Meta is at the forefront, applying this method to their new superintelligence unit led by recently poached Scale AI founder Alexandr Wang, according to Business Insider. This new setup stands in stark contrast to Meta’s workforce of over 70k employees. Other AI startups are also hopping on the downsized wagon, with AI marketing startup Hightouch saving USD 132 mn by decreasing headcount.

Fewer team members means more self-starters and self-accountability. Though the small group model is still in its trial stage, it certainly makes for a convenient alternative to micromanaging and tedious bureaucratic processes. Former Github CEO Nat Friedman points out that tech companies tend to be overstaffed, claiming that smaller groups breed “faster decisions, fewer meetings, and more fun,” and Meta’s Zuckerberg would agree.

Tried and true for breakthroughs. Looking back, most AI — and tech — breakthroughs were the result of a small group of the top of the top workers in the field. After all, the groundwork for most large language models was laid by a small group of only eight researchers in the 2017 paper Attention Is All You Need. Prior experience shows that the highest impact is caused by highly concentrated and specialized endeavors from small groups.

However, small teams pose their own challenges. Small teams under big companies inevitably do not operate like they would at startups. These teams are still under contract to follow certain practices and attune to their company’s other departments. The possibility of redundancy or overlap also heightens with smaller groups. Additionally, transformation in established companies may not be as likely to stem from a small group.

Scarcity and competition. The limited number of AI talent is driving companies to offer hefty paychecks to bring around employees. With small teams of elite talent being the focus now, the hunt for AI talent will only escalate.

3

EAT THIS TONIGHT

Burgers done right at Loaded

? Loaded is one of the newer burger joints in town, and while the menu isn’t extensive, what it offers is all about quality and generous portions. Everything feels carefully put together, simple on the surface with a keen attention to flavor.

Start with their signature burger. The smashed beef patty is flavorful and juicy, cooked just right with none of the grease. It’s paired with a soft bun that holds everything together without falling apart. Toppings are kept simple but effective, especially the caramelized onions, which are delicious and add a sweet, savory kick that perfectly complements the beef.

The chicken burgers are also worth trying. The Chef’s Favorite is the standout — tender, crispy fried chicken with a light, golden crunch on the outside. The sauces are what set it apart, and the sandwich is all about layered flavors that balance heat, tang, and creaminess, resulting in a culinary symphony that hits the right notes.

On the side, the Loaded fries are a must. These aren’t your standard thin fries, they’re crispy, golden, and topped with indulgent sauces that are messy in the best way possible. Just don’t let them sit for too long, or the toppings will soften the crunch.

WHERE TO GET IT: If you’re in New Cairo, you can order Loaded through Talabat or by calling 01152555332.

4

Sports

Zamalek takes on Pharco tonight

The fight for the top spot begins in the Egyptian Premier League: Zamalek hosts Pharco in the fourth round of the Nile League tonight at 9pm. At the same time, Haras El Hodoud is hosting Al Masry. Both matches are preceded by a clash between Smouha and Kahraba Ismailia at 6pm.

Zamalek and Al Masry are in the lead with seven points each from two victories and one draw in the first three rounds. Meanwhile, Pharco is at the bottom with just one single point from three matches, with Haras in 9th place with four points from two matches.


In the second leg of the final qualifying round of the UEFA Champions League today:

  • Kairat vs. Celtic (7:45pm) First leg result: 0-0.
  • Pafos vs. Red Star (10pm) First leg result: 2-1.
  • Sturm Graz vs. Bodø/Glimt (10pm) First leg result: 0-5.

The victor on aggregate qualifies for the Champions League league phase, while the loser joins the Europa League.


The second round of the English League Cup kicks off today with these key matches:

  • Wolverhampton vs. West Ham (9:30pm).
  • Preston vs. Wrexham (9:45pm).
  • Bournemouth vs. Brentford (9:45pm).
  • Burnley vs. Derby County (9:45pm).
  • Norwich vs. Southampton (9:45pm).
  • Sunderland vs. Huddersfield (9:45pm).
  • Sheffield Wednesday vs. Leeds (10:00pm).

This publication is proudly sponsored by

5

OUT AND ABOUT

Rap superstar Marwan Moussa hosts album launch party in Sahel

MARK YOUR CALENDAR-

? Rap superstar Marwan Moussa is hosting an album launch party at Ghazala Bay’s Solaya Beach on Friday, 29 August. Join the rapper for an iconic live performance and themed beach party. Head to Ticketsmarché for tickets.

HAPPENING THIS WEEK-

Go off-script for a night of unscripted comedy with improv group Zay Mateegy at Cairo Jazz Club 610. Don’t miss out on the chance to unwind tonight. Get your tickets from Ticketsmarché.

Ready to roll in the deep with The Daydreamers? Tonight, Room Art Space New Cairo is hosting the Egyptian Adele tribute band as they perform the British icon’s hits. Tickets can be purchased through Room Art Space’s website.

Up for some heavy drama? Rawabet Art Space is hosting the play Never Again on Thursday, 28 August and Friday, 29 August. Get yourself in the mood for an emotion-packed performance and book your tickets through Ticketsmarché.

There was more than one way to see One Direction live: El Sawy Culturewheel is hosting a One Direction tribute night this Friday, 29 August. Book your tickets through El Sawy Culturewheel’s website.

Calling all Wegz superfans: The chart-topper is launching his newest album at Kiki’s Sage in Hacienda Heneish. Don’t miss out on this special live performance from the rap artist on Friday, 29 August. Book your tickets on Kiki’s Sage’s website.

HAPPENING LATER-

Nostalgia called, and Nancy Ajram and Hamaki are picking up on Saturday, 30 August at the Address Beach Resort. The duo will be performing back to back as part of the Layali Marassi festival. Tickets can be purchased through Ticketsmarché.

Get ready to laugh the night away with Lebanese comedian John Achkar as he makes a stop in Cairo as part of his Wagef world tour. Comedy buffs can catch him live at Sheikh Zayed’s Arkan Theatre on Wednesday, 3 September. Get your tickets at Ticketsmarché.

Address Beach Resort is where the fun never stops. Megastars Wael Gassar and RehamAbdelhakim will give electric performances at Marassi on Saturday, 13 September. Head over to Ticketsmarché for tickets.

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GO WITH THE FLOW

What the markets are doing on 26 August 2025

The EGX30 fell 1.3% at today’s close on turnover of EGP 6.1 bn (15.6% above the 90-day average). Local investors were the sole net buyers. The index is up 18.9% YTD.

In the green: Beltone Holding (+2.3%), Rameda (+1.9%), and Qalaa Holdings (+1.4%).

In the red: Misr Cement (-6.2%), Arabian Cement (-3.1%), and Fawry (-2.3%).

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Founder of the Week

Meet Cherry Blossom Books’ Somaya Salama

? OUR FOUNDER OF THE WEEK — Every Tuesday, Founder of the Week looks at how a successful member of Egypt’s business or startup community got their big break, asks about their experiences running a company, and gets their advice for budding entrepreneurs. Speaking to us this week is Somaya Salama (LinkedIn), founder of Egyptian independent bookstore Cherry Blossom Books.

My name is Somaya Khaled Salama, I’m the founder and owner of Cherry Blossom Books, an independent bookstore curating recent releases typically not found in Egypt. I graduated in 2009 from the British University in Egypt — the first class to ever graduate — with a major in marketing. I never got to pursue my major professionally, with my first job after graduating having nothing to do with it. I quickly realized that traditional work didn’t fit my expectations, and I thought, “why not open my own business?”

I quit my job in March 2011, and I launched Cherry Blossom Books in September. It wasn't something I planned on doing, to be honest. When I was in university, I never thought I would open up my own business. I love reading, but I couldn’t find the books I wanted in Egypt. I would usually shop off of Amazon, but the books would arrive damaged, late, or even get lost in the mail. I wanted to address these problems and do something that I loved, and offer other readers a way to get the books they wanted, but couldn’t.

I wasn’t really thinking about how to enter the market, I just did it. I prioritized new releases and picked books that weren’t readily available in the market. That’s what sets Cherry Blossom Books apart. We’re also different as we obtain all our shipments from the US market, whereas most bookstores ship books from the UK as they’re cheaper and easier to come by. While US editions are more expensive, they’re better than their UK counterparts in terms of aesthetics. Diversifying our selections brings us lots of new customers and ones from different backgrounds.

The first time I felt successful was when we opened our second store. We had a very small store in Porto Cairo Mall’s basement in 2015, and no one would visit. A year later, we moved to a bigger store two floors up. On the opening day, there was a very long queue all throughout the store. I had bought a very large shipment a month prior with all sorts of new releases, and as soon as the doors opened, everyone came in to pick up their orders. This was when I realized that this is working.

We had to shut down our physical store, and looking back, it was the right decision — especially with Covid. A lot of people were ordering online, and we were able to cut down on costs. I wouldn’t have it any other way. In five years, I see Cherry Blossom Books expanding further and offering a wider variety of books to readers across the country. More books is my main goal, and so are different product channels, including merchandise and “bookish” items to supplement the main offering.

With the recent economic challenges, it’s been tough — especially the past three years. The devaluation of the EGP and our pricing approach was difficult to navigate. We don’t want to lose money, yet at the same time I cannot overprice my books. In 2016, when the first devaluation happened, we hiked up our prices, and we realized we were losing money and customers. I was stuck with a lot of stock that I didn’t know what to do with.

I learned my lesson back then. With the recent devaluations, I began slowly increasing prices in small increments, until I reached a satisfactory balance that is fair for both the customer and myself. Other bookstores are more expensive, but you can’t blame them. Overhead costs add to prices, and that’s why I appreciate operating online.

The main thing I would like to change about the book market in Egypt is getting rid of all counterfeit books. It’s not fair to the authors, the publishers, and everyone involved in the making of a book that’s being pirated. I understand that books are expensive and not everyone can afford them, but there are other ways to obtain books at a more affordable cost aside from piracy. I also want to change the dependency on BookTok. So many of the books being hyped lack substance, and it’s become a toxic place where the book community — both in Egypt and abroad — focuses on the negatives, forgetting that at the end of the day, reading is about joy.

Seeing customers with their books makes my day. I’d say that’s the most rewarding aspect of running Cherry Blossom Books. Whenever they come to pick up their orders from the main office, we always chat about what we’re reading, and that’s amazing. The most difficult aspect of the job is the logistics. Shipment delays, customs, and unnecessary paperwork that delay shipments cause me anxiety, especially having to convey that to our customers.

In the early days, I was very committed to my job and did not differentiate between it and my personal life. While I’m still committed, I’ve managed to separate the two and take a break. Sometimes it can get very overwhelming with the amount of customer requests and shipment issues. So, I made a decision that whenever I went home, I would not check my emails or do anything until the next day. I’ve felt a difference since I started doing that.

I’m currently reading The Traitor Queen by Danielle L. Jensen. It’s a fun “romantasy.” Epic fantasy is my favorite genre and something that I’ve always loved. I love going to different worlds and meeting different people in new circumstances. If I weren’t the brain behind Cherry Blossom Books, I’d be a traveller.

If I could go back in time, I’d tell myself to be patient, and not let work overwhelm me. Everyone wants to take the easy way out, skip out on all the research and hard work it takes to start a business. But it’s not easy, and takes time. I didn’t have a lot of customers, I made — and still make — a lot of mistakes. The thing is, you need to learn from them. If you don’t depend on yourself, you won’t be able to make it.


? AUGUST

26 August (Tuesday): Zay Mategy comedy show at CJC 610.

26 August (Tuesday): Adele tribute night at Room Art Space New Cairo.

28 August (Thursday): Ruby and Ramy Sabry at Tiatro Romano.

28-29 August (Thursday - Friday): Never Again at Rawabet Art Space.

29 August (Friday): Marwan Moussa album launch at Solaya Beach

29 August (Friday): One Direction tribute night at El Sawy CultureWheel.

29 August (Friday): Solomun at D-Bay.

29 August (Friday): Wegz album launch at Kiki’s Sage.

29 August (Friday): Tul8te at U Arena.

29 August (Friday): Cairokee at U Arena.

30 August (Saturday): Nancy Ajram and Hamaki at The Address Beach Resort.

30 August (Saturday): Pottery workshop at CJC 610.

SEPTEMBER

1-7 (Monday - Sunday): Amira Selim singing masterclass at Khayal Arts and Music Academy.

3 September (Wednesday): John Achkar at Arkan Theatre.

4 September (Thursday): Al Mawlid Al Nabawi.

6 September (Saturday): Medhat Saleh at The Address Beach Resort.

10 September (Wednesday): George Wassuf tribute night at Madinaty’s Boom Room.

13 September (Saturday): Wael Gassar and Reham Abdelhakim at The Address Beach Resort.

18 September (Thursday): Ragheb Allama at The Address Beach Resort.

19 September (Friday): Tamer Ashour at The Address Beach Resort.

20 September (Saturday): Assala and Ahmed Saad at The Address Beach Resort.

OCTOBER

6 October (Monday): Armed forces day.

7 October (Tuesday): Enterprise Egypt Forum 2025.

10 October (Friday): Anyma at The Great Pyramids.

15 October (Wednesday): Scorpions concert at New Capital.

16-24 October (Thursday-Friday): Gouna Film Festival.

NOVEMBER

11 November - 7 December (Tuesday - Sunday): Forever is Now at the Great Pyramids of Giza.

DECEMBER

19 December (Friday): DJ Tiësto at the Giza Plateau.

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