Good afternoon, ladies and gents, and congratulations on making it to the long weekend. It’s a quiet day on the news front, and we’ve got a relatively brisk issue to send you off into the weekend.
Today, we’re taking a look back at the 2026 World Cup: the records broken, the controversies, and what Egypt’s run is actually worth — in tourism, in global attention, in the kind of nation-branding no marketing budget can buy. Morocco did it in 2022; Egypt may be next. We also have a memoir from Gisèle Pelicot, who reclaims her own story two years after one of the most significant trials in recent memory. That and more.
** A QUICK PROGRAMMING NOTE- EnterprisePM is taking a publication holiday tomorrow in observance of the 23 July Revolution and will be back in your inboxes Sunday afternoon.
Without further ado, the news…
THE BIG STORY ABROAD-
🌐 The US-Iran war entered its 11th consecutive night of strikes on Tuesday, with no clear end in sight just yet. The US Central Command confirmed completing another round of attacks against Iranian military targets overnight, while Kuwait, Bahrain, and Jordan all reported intercepting Iranian aerial attacks. The cost of all of this? Defense Secretary Pete Hegseth told the Senate Appropriations Committee on Tuesday the war has cost USD 37.5 bn so far — a figure that doesn’t include costs to repair or rebuild US military infrastructure damaged in the conflict.
As strikes continue, State Secretary Marco Rubio claims the US remains willing to negotiate with Iran. Mediators are still floating a 10-day ceasefire proposal that is yet to be formally accepted or rejected. Oil prices, in the meantime, are riding a rollercoaster.
^^Read more on: CNN, BBC, The Guardian, and Reuters.
MEANWHILE- France is hopping on the social media ban bandwagon. The country banned children under 15 from using social media, becoming the first EU country to do so. Both chambers of parliament voted in favour of the measure. The move follows Australia, which became the first country to limit children under 16 from using social media platforms, and most recently, the UK.
^^Read more on: BBC, The Guardian, and CNN.
OVER IN TECH- In somewhat dystopian news, OpenAI said that some of its AI models autonomously hacked their way out of a test environment — one where internet access was supposedly walled off — and broke into the systems of AI start-up Hugging Face. The chatbot-maker called it an “unprecedented” incident, involving “state-of-the-art cyber capabilities.”
^^Read more on: Reuters and NBC.
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.
Request your invitation here.
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** CATCH UP QUICK on the top stories from today’s EnterpriseAM:
- Yesterday marked a month since single-stock futures on CIB and TMG started trading. The session saw 108 lots change hands across eight trades, worth a combined EGP 1.37 mn. CIB’s three- and six-month contracts each gained roughly 3%, while TMG’s two lost ground, down 1.6% and 1.5%;
- Egypt has put a number on how climate change could hit the state’s balance sheet. The country’s first-ever Fiscal Risk Statement on Climate Change for FY 2026/27, obtained by EnterpriseAM, quantifies how physical climate shocks and the global shift to a low-carbon economy could hit public finances — from the electricity grid to its biggest PPP-backed infrastructure projects;
- A judicial challenge that stalled a new debt-collectors registry for months appears to be going the Financial Regulatory Authority’s (FRA) way — and collection firms are now rushing to register before the courts settle the matter. The FRA launched a new registry for debt collectors on 21 January, but about 71 collection companies challenged the rules before the Administrative Court, arguing the rules fell outside the FRA’s jurisdiction.
☀️ TOMORROW’S WEATHER- Kicking off your long weekend with outdoor plans? Plan accordingly. Tomorrow is shaping up to be one of the hottest days of the month. Cairo is set to hit a high of 42°C and an overnight low of 26°C. Up north, there’s some relief, with a high of 34°C and a low of 26°C, according to our favorite weather app.





