The World Cup that changed everything for Egypt

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WHAT WE’RE TRACKING TONIGHT

Conflict over Hormuz continues as US and Iran trade strikes

Good afternoon, ladies and gents, and happy Monday. It’s a rather quiet one today, and we’ve got a brisk issue for you. While there are no World Cup matches being played tonight, we’re still talking sports. We’re looking back at Egypt’s World Cup run with some perspective on what it actually meant, financially and historically, for Egyptian football. We also have Enola Holmes 3, which is fun enough to justify a weeknight watch even if the plot doesn’t always hold together.

First up, the news…

THE BIG STORY ABROAD-

🌐 It remains a relatively quiet afternoon on the global front — save for the latest escalations in the US-Iran war. The dispute over the Strait of Hormuz remains a focal point in the conflict after both countries traded strikes through the weekend and overnight. In addition, shipping through the central waterway came to a near halt following warning shots fired at a passing vessel by Iran’s Revolutionary Guard and Tehran’s threats to close the strait entirely.

Earlier this afternoon, Bahrain’s Defence Force reported intercepting and destroying several Iranian missiles and drones, after Iran launched a wave of strikes on several US military assets across the Gulf. Oil prices remain on the rise.

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

MEANWHILE IN FRANCE- A wildfire of massive scale has torn through over 800 hectares of the Fontainebleau forest, 60 km southeast of Paris, forcing evacuations and road closures. Firefighting planes are scooping water from the Seine to fight it. Investigations are underway to determine whether the fire was sparked by the blazing heatwave sweeping the country or if it was set deliberately.

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

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

  • The Mineral Resources and Mining Industries Authority (MRMIA) is in talks with several Australian mining companies about investing in Egypt for the first time. Some of the firms have signaled their intent to enter the local gold and mining sector. MRMIA aims to raise gold and silver revenue to USD 557 mn this fiscal year, up 255% y-o-y from USD 157 mn;
  • The EGX is shifting when its main-market index reviews take effect, giving investors more lead time. Results of the semi-annual review will now be announced at least two weeks before they take effect and will apply from the first working day of March and September, rather than 1 February and 1 August;
  • The New and Urban Communities Authority is offering another round of relief for investors and buyers in new cities — cutting assignment fees, waiving some late-payment penalties, and giving stalled projects more time to deliver. The package extends several existing facilitations for another year while keeping western North Coast land outside most of the breaks;
  • The government is studying whether to use a new state-owned asset company as a debt-restructuring tool, letting creditors swap Treasury bills for equity in the vehicle. The move would convert some holders of state debt into shareholders in the company. The company is set to launch this month.

☀️ TOMORROW’S WEATHER- Keep your water bottles close as the heat picks up in Cairo tomorrow, with a scorching high of 37°C but a breezier low of 24°C. Up north, it’s a clear, sunny day with a high of 31°C and a low of 24°C, according to our favorite weather app.

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AFTER HOURS: THE BUSINESS OF FOOTBALL

Egypt lost to Argentina by one goal — walked away with USD 18.5 mn and a squad the world now knows by name

🏆⚽ Egypt’s World Cup ended 11 minutes from the quarter-finals — an emotional and heart-wrenching moment that marked the best three weeks of play and business Egyptian football has ever known.

The Pharaohs’ 3-2 loss to Argentina in Atlanta on 7 July earned the Pharaohs the largest financial payout in Egyptian football history, an estimated USD 18.5 mn — USD 16 mn in prize money for reaching the round of 16, plus USD 2.5 mn in preparation fees, according to figures from Sports Illustrated. FIFA’s total prize pot for this year’s World Cup is USD 871 mn, almost double the USD 440 mn allocated in the 2022 World Cup in Qatar. Federations typically pass 20-30% of prize money to players and staff as bonuses and retain the balance for operations.

Why it matters: Egypt has been to four World Cups since 1934 — without ever securing a single victory. Then, in just three weeks, the Pharaohs completely rewrote their history: locking down a first-ever tournament victory (3-1 over New Zealand), grinding out a first knockout W (4-2 on penalties against Australia) to reach the round of 16 for the first time, and ultimately pushing the defending world champions to the absolute brink. That converts into attention and new windows for some of the national team’s star players.

The 2026 World Cup has repriced a squad that was, four weeks ago, largely invisible. Biased refereeing led to a tragic ending but also to a new beginning and lucrative agreements for some of the national team’s star players. Beyond the FIFA prize money, the transfer market is where the real money is.

Haissem Hassan, the 24-year-old French-born right-winger at Real Oviedo, was relatively unknown outside of Northern Spain. He has an Egyptian father and a Tunisian mother, was raised in Paris, and speaks no Arabic. After the famous run that created both of Egypt’s second-half goals against Argentina, he’s become a household name in Egypt. Scottish club Celtic bid GBP 3.4 mn within 24 hours, KingFut reports. Oviedo rejected it and pointed to his release clause — GBP 10 mn. KingFut reports that Celtic is now preparing a roughly GBP 6.8 mn bid. French club Marseille, along with clubs in England and Saudi Arabia, is also reported to be monitoring his move.

Mostafa Shobeir, Egypt’s 26-year-old star goalkeeper, also caught the world’s attention and earned high praise from prestigious sports media outlets like The Athletic. “His first-half saves, first from a Messi penalty and then from Julian Alvarez, underlined why some Egyptians think he has emerged as the next great goalkeeper from the African continent,” the publication writes. The New York Times’ sports newspaper also noted that in a World Cup where performances of largely unknown goalkeepers such as Cape Verde’s Vozinha and Eloy Room of Curacao have stood out, “Shobeir would appear to be at a different level altogether from his fellow underdog counterparts. When FIFA names its all-star squad of players from this tournament, it would be a misjudgment if he is not in it.”

But how much is a Messi penalty save actually worth? No official figures have been disclosed, but social media posts — even before the Argentina match — were claiming that Aston Villa had approached Al Ahly offering an alleged USD 17 mn. West Ham, Valencia, and Girona are also rumored to be eyeing the goalkeeper who has just one year left in his contract with Al Ahly. “If European clubs were not paying attention to the 26-year-old, they surely will be now. It was just a shame for him and his team that they fell victim to a remarkable Argentine recovery,” the sports newspaper reports.

Emam Ashour, the 28-year-old Al Ahly midfielder who scored twice for Egypt in the World Cup, has drawn a reported GBP 4 mn approach from Celtic. Mostafa Ziko, the 29-year-old Pyramids FC left-winger who scored two goals against Argentina — both the one that was ruled out by VAR and the one that counted — is also being looked at by Gulf clubs. Eighteen-year-old Hamza Abdelkarim is moving from Al Ahly straight into pre-season with Barcelona, an agreement that was already sealed before the World Cup.

And Egypt’s largest asset of all is unpriced: Mohamed Salah became a freeagent on 1 July, days before the biggest African performance of the tournament, with Saudi clubs, MLS, Fenerbahce, Roma, and Juventus all reported to have shown interest. According to the sports newspaper, Sporting Kansas City has emerged as the top suitor for Mohamed Salah in MLS. Whether he prefers to stay in Europe, move to Saudi, or go across the Atlantic, he walks into the strongest negotiating position of his career with no transfer fee attached to him.

What to watch: The summer window. The test of whether attention garnered turns into offers is simple — do the reported approaches become signed fees before the window shuts, and at what multiple of the pre-tournament price? Hassan’s GBP 10 mn clause against Celtic’s c. GBP 6.8 mn opening number is the first concrete marker. Salah’s decision, unpriced and his alone to make, is the last.

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ON THE TUBE TONIGHT

Netflix’s Enola Holmes 3 loses some steam but never loses its charm

📺 Netflix’s Victorian detective is back — and she’s brought a wedding invitation. Enola Holmes 3, directed by Philip Barantini (Adolescence) and written by Jack Thorne, is the third installment in the franchise starring Millie Bobby Brown as Sherlock Holmes’s equally sharp younger sister. Henry Cavill, Louis Partridge, Helena Bonham Carter, and Himesh Patel all return, with Sharon Duncan-Brewster joining as the villain Moriarty.

The plot: Enola is in Malta, on the verge of marrying her longtime love interest Lord Tewkesbury (Partridge), when Dr. Watson (Patel) arrives with alarming news: Sherlock (Cavill) has been kidnapped. With wedding plans shelved, Enola is plunged into her most personal case yet — one that involves chase scenes through Maltese markets, murders, and a long-buried colonial secret that someone very powerful would prefer stayed buried.

What we liked… and didn’t: The film is fun, fast-paced, and colorful. Brown remains enormously watchable, and the performances across the board are hard to fault. The film also tackles colonial history with more ambition than you might expect from a PG-13 Netflix production. That said, the plot doesn’t always hold together — much story is crammed into a running time shorter than its predecessors. Reviews seem to agree, with the film scoring a disappointing 5.8/10 on IMDB.

The verdict: Enola Holmes 3 is the weakest of the trilogy, but weakness is relative. Go in with reasonable expectations and you’ll have a perfectly enjoyable watch. The franchise may be fading — but Brown isn’t.

WHERE TO WATCH- Enola Holmes 3 is streaming on Netflix. Watch the trailer on YouTube (watch, runtime: 2:21).

This publication is proudly sponsored by

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Mark Your Calendar

Tamer Ashour live at Cocoon Beach this Friday

🎤 Tamer Ashour is set to make his Sahel debut on Friday, 17 July, at Cocoon Beach in Sidi Abdel Rahman with an exclusive beachfront concert. The performance kicks off at 7pm, with the singer delivering his biggest hits against a sunset backdrop. You can get your tickets on TicketsMarché.

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GO WITH THE FLOW

What the markets are doing on 13 July 2026

The EGX30 rose 0.7% at today’s close on turnover of EGP 9.6 bn (9.1% above the 90-day average). International investors were the sole net buyers. The index is up 25.8% YTD.

In the green: Qalaa Holdings (+2.1%), GB Corp (+1.9%), and TMG Holding (+1.8%).

In the red: Telecom Egypt (-1.7%), Heliopolis Housing (-1.5%), and ADIB (-1.0%).


🗓️ JULY

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

7-24 July (Tuesday-Friday): Khayal Mareed Play at Theatro Arkan.

13 July (Monday): Egypt National Team Celebration at Cairo International Stadium.

14 July (Tuesday): Comedy Therapy Interactive World Cup Edition at CJC 610.

14-15 July (Tuesday-Wednesday): The Stadium at Playa Strip by G Developments.

15-17 July (Wednesday-Friday): El Sahel El Sherir at Porto Theater, Marina El Alamein.

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

17 July (Friday): Al Shami and Mohamed Fadl Shaker at Tiatro Romano, Marina 2, Al Alamein.

17 July (Friday): Cairo Runners 10k Race at North Square Mall, New Alamein.

19 July (Sunday): World Cup Final at the New York New Jersey Stadium.

21 July (Tuesday): Tablet El Sitt at Boom Room, Madinaty.

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

23 July (Thursday): Honey Drop Vol.3 Ft. Disco Misr at Beachouse One, Seashell.

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

23 July (Thursday): Ahmed Hassan: The Special 1 at Teatro 90.

24 July (Friday): Tamer Ashour at Tiatro Romano, Marina 2, Al Alamein.

24 July (Friday): Ramy Sabry at Cocoon Beach, Sidi Abdel Rahman.

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

27 July (Monday): Saad El Oud at Open Air Theater, Cairo Opera House.

29 July (Wednesday): Ali El Haggar at El Sawy Culturewheel, Zamalek.

31 July (Friday): Localine Vol.3: Sharmoofers at Masyaf, Ras El Hekma.

31 July (Friday): Reda El Bahrawy, Rahma Mohsen, and Ahmed Sheba at Tiatro Romano, Marina 2, Al Alamein.

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

AUGUST

1 August (Saturday): El Leila El Kebeera at Theatro Arkan.

4 August (Tuesday): Amr Selim at Open Air Theater, Cairo Opera House.

6 August (Thursday): Massar Egbari at Bibliotheca Alexandrina.

6 August (Thursday): Deep House Bible at North Coast.

7 August (Friday): Ali El Haggar at Bibliotheca Alexandrina.

7 August (Friday): Ismailia Mango Festival.

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

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

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

10-11 August (Monday-Tuesday): Mohamed Helmy Standup at Bibliotheca Alexandrina.

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.

16-17 August (Sunday-Monday): Omar Khairat at Bibliotheca Alexandrina.

20 August (Thursday): Hisham Abbas at Bibliotheca Alexandrina.

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.

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

27 August (Thursday): Jadal at Bibliotheca Alexandrina.

29 August (Saturday): Jadal at El Sawy Culturewheel, Nile University, Sheikh Zayed.

30 August (Sunday): Tamer Ashour at Bibliotheca Alexandrina.

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.

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

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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