What Egypt’s founders wish they’d known

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WHAT WE’RE TRACKING TONIGHT

Oil retreats from highs + France and Spain battle worst wildfires in decades

Good afternoon, folks, and happy Monday. It’s a relatively calm day, and we’ve got a brisk issue for you this afternoon. First, we compiled the best business advice Egypt’s entrepreneurs have shared with us over the years — the real stuff, not the polished version. And if you’re looking for something to watch tonight, Apple TV’s Lucky has been sitting there waiting to be discovered. Anya Taylor-Joy, a criminal past unraveling at the worst possible moment, and a brilliant show that somehow very few are talking about. That and more.

Without further ado, the news…

THE BIG STORY ABROAD-

🌐 All is quiet on the US-Iran front for the third day in a row, with neither side launching attacks during this “pause” period, following almost two consecutive weeks of back-and-forth strikes. Oil prices seem to have eased after spiking earlier this month as renewed fighting in the Middle East reignited fears that an all-out regional war could further disrupt the global flow of crude. At the time of publication, Brent Crude stands at USD 88.9/bbl, while WTI Crude stands at USD 83.0/bbl.

^^Read more on: Reuters, Associated Press, and The Guardian.

MEANWHILE- French President Emmanuel Macron held an emergency meeting earlier today as firefighters in France and Spain race to contain major wildfires burning near Bordeaux and Madrid, with soaring temperatures continuing to hamper efforts. The blazes have displaced more than 300k people, and authorities warn the worst may not be over as another heat surge is forecast this week. While the Madrid fire spread more slowly overnight, officials say it remains out of control. In France, some residents have begun returning to Biscarrosse, but more than 200k people are still unable to go home.

^^Read more on: BBC, CNN, Reuters, and Associated Press.

ALSO- The UK government is stepping up preparations for major wildfires as the country heads into its fourth heatwave of the summer. Intergovernmental Relations Minister Hamish Falconer said officials are monitoring wildfires in Scotland while coordinating with local authorities, warning that the increasingly severe blazes seen across southern Europe underscore the growing impact of climate change.

^^Read more on: The Independent.


Destination Sahel is back for a second edition — and this year, it’s not just about the beach.

Gulf sovereign wealth funds are pouring bns into the North Coast, Gulf buyers keep showing up despite regional headwinds, and a new 400-km master plan could reshape the whole coastline before summer’s out.

Over this season’s series, stay tuned to see who’s really buying Sahel, where the money’s coming from, and what could still go wrong.

Plus, the hotels, restaurants, and openings worth checking out this summer.

Coming straight to your inbox — Wednesday, 29 July.


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

  • Two partners in Israel’s Tamar gas field signed a non-binding MoU with an unnamed Egyptian buyer for a potential USD 20 bn contract, which would mark the offshore field’s third long-term supply agreement with Egypt;
  • Acumen’s climate-focused agriculture fund is coming to Egypt for the first time. The Acumen Resilient Agriculture Fund has secured USD 90 mn in fresh committed capital. The top-up brings total fund size to roughly USD 148 mn and marks its first expansion beyond East and West Africa into North Africa;
  • Fincart closed an oversubscribed USD 2.8 mn seed funding round, co-led by pan-African VC fund Launch Africa and Antler Menap. The Cairo-based e-commerce startup will use the fresh capital to develop its AI platform, grow its team, break into new regional markets, and lock in more partnerships.

☀️ TOMORROW’S WEATHER- Expect another warm day tomorrow, with hazy sunshine, a high of 37°C, and a clear low of 25°C. Up north, it’ll be plenty sunny, with a high of 32°C and a slightly warmer low of 26°C, according to our favorite weather app.

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PROFESSIONAL ADVICE

From Money Fellows to Diwan, Egypt’s founders keep saying the same things — and they’re worth listening to

💡 Business advice is a dime a dozen — but business (and life) advice that’s tried and tested isn’t. Over the years, EnterpriseAM has interviewed hundreds of seasoned professionals, entrepreneurs, and rising stars in the business sphere who’ve shared the mechanics that shaped their careers. We scoured our archives to strip away the veneer and isolate the truths of building a business in the region.

The consensus is clear — successful entrepreneurs prioritize market reality over personal ego, treat customer relationships as a survival metric, and know that leadership is more about long-term grit than rapid scale. Without further ado, here’s the top advice we’ve received from Egypt’s entrepreneurs…

Know what the people want

The primary trap for emerging entrepreneurs is falling in love with a theory that has no place in the real world. The region’s most successful shapers prioritize immediate problem-solving over extensive planning. “Start lean, start quickly, start very small, and don’t over-engineer,” Money Fellows founder Ahmed Wadi tells EnterpriseAM. “Of course, you should be thinking long-term and solving a real problem that can actually truly scale. But how to implement it will probably come by launching it quickly and iterating.” FforFarah founder Farah Abdelhamid echoes this call toward immediate action: “Just do, because you only learn by trying.”

Once launched, survival depends on knowing your end-user:

  • Never. Stop. Listening: “Focus on your product,” Blueworks founder Hussein Wahdan tells us. “Whether it’s an app or a burger… And that means talking to customers a lot. Never stop talking to customers. Even if you are running a USD 1 bn company”;
  • Dig deeper: Knott Technologies co-founders Ahmed Abdalla and Hussein El Bendak emphasize that deep customer and operator research is what uncovers systemic realities. “Problems are rarely solved by a single clever feature; they’re solved by deep understanding and a genuine hunger to keep asking ‘why’ until you reach the root cause”;
  • Solve the real problems, not just the trend: Bond & Bloom founder Amina El Gamal stresses that entrepreneurs must “solve a real problem, not just a trendy AI one,” advising founders to test fast and bootstrap early, raising capital only when absolutely necessary.

Learn the boring bits… and filter the noise

A recurring theme among founders looking back at their early days is the necessity of ditching your ego… and ignoring the success stories. This means ignoring external hype cycles and actively leaning into the unglamorous underbelly of business administration.

“Learn a bit more of the boring nuts and bolts of business — more accounting, how to read a balance sheet, that sort of thing,” Diwan co-founder Hind Wassef tells EnterpriseAM when reflecting on what she would tell her younger self. Wassef also issues a warning: “Never think that you are successful; that would be the beginning of the end.”

Kenzz founder Ahmed Atef points out that the aesthetic of modern startup culture often masks the actual operational toll required to survive. He advises up-and-coming professionals “not to fall in love with the idea of entrepreneurship, the shiny LinkedIn profiles, or the crowning achievements of others.” The honeymoon phase vanishes immediately under operational pressure.

Similarly, Moko Chocolates founder Mahmoud Barakat tells us: “Every success story takes its own time, and you should filter out the noise of other success stories and focus on building something solid.”

Play the long game

“Entrepreneurship is one of the toughest mental games you can ever play,” Byte+ founder Yassin Asfour says, adding that entrepreneurs must remain super humble without losing confidence.

Avoid rushing to scale: “Know your market. Find your edge. Be patient,” Baky Hospitality founder Ayman Baky advises. “Don’t rush to scale — you’ll make better decisions with time and reflection,” he adds.

Anxiety? That’s your friend. Tradeline founder Mohamed Medhat suggests that a calculated fear of failure should serve as an engine, not a paralyzer. “Expect failure but [do] not go along with it. Keeping the fear of failure as a drive is how you get yourself to keep going,” Medhat says.

Know you’re not alone. True scale eventually requires shifting from solo execution to ecosystem management. International Finance Corporation Division Director Cheick Oumar-Sylla challenges the traditional top-down hierarchy. “I don’t think leadership means the boss sits alone and decides everything,” Sylla notes, advocating for inclusive decision-making.

At the end of the day, long-term survival depends on understanding every aspect of yourself and your business. As MYS founder Mohammed Yasser Shamsi says: “Leadership isn’t about being behind a desk — it’s about walking the floor, getting to know the people around you, and earning their trust. If people don’t know you, they won’t believe in your vision.”

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ON THE TUBE TONIGHT

Apple TV’s Lucky: A tightly wound thriller led by Anya Taylor-Joy

📺 Anything Anya Taylor-Joy touches turns to gold — and Apple TV’s Lucky is no different. The limited series dropped earlier this month to virtually no fanfare, which seems to be Apple TV’s signature move at this point: quietly release something exceptional and let the algorithm sort it out. We’re not gatekeeping, though — you’re welcome.

The plot: Lucky Armstrong (Taylor-Joy) is days away from leaving her criminal past behind when, naturally, everything unravels. Dragged back into an operation far bigger than she anticipated, she finds herself hunted by both the FBI and a mafia boss — and running for her life. The catch: Lucky doesn’t rattle easily. As long as she’s in control, she’s fine. The question the show keeps asking is how long that lasts.

What we liked: Taylor-Joy is the obvious draw, and she delivers — natural, eerie, and layered in a role that keeps you genuinely unsure whether you’re watching someone sweet or someone ruthless. Often both at once. The supporting cast more than holds its own: Annette Bening as Priscilla, a crime leader and Lucky’s mother-in-law, is a highlight; Timothy Olyphant plays Lucky’s father; and Aunjanue Ellis-Taylor is sharp as Agent Rand, the lead investigator on her trail. The pacing is tight, the dual timelines never jarring, and the characters are fully formed from the first episode. The cinematography, too, is excellent.

The verdict: Three episodes in, Lucky is already one of the more compelling things on any streaming platform right now. A thrilling chase series with considerably more going on beneath the surface than its premise suggests. If you want a show that demands your full attention and rewards it — this is it.

WHERE TO WATCH- Lucky is streaming on Apple TV, with episodes dropping weekly on Wednesdays. Watch the trailer on YouTube (watch, runtime: 2:13).

This publication is proudly sponsored by

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Mark Your Calendar

Reda El Bahrawy, Ahmed Sheba, and Rahma Mohsen head to Roman Theater this Friday

🎤 No Sahel plans this weekend? The Tiatro Romano festival continues on Friday, 31 July, bringing performances by Reda El Bahrawy, Rahma Mohsen, and Ahmed Sheba at the Roman Theater in Al Alamein’s Marina 2. Expect a night of live vocals and plenty of sing-along moments. 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 27 July 2026

The EGX30 rose 0.4% at today’s close on turnover of EGP 11.1 bn (19.2% above the 90-day average). International investors were the sole net buyers. The index is up 28.2% YTD.

In the green: ADIB (+4.8%), Rameda (+3.7%), and Valmore Holding -USD (+1.5%).

In the red: Qalaa Holdings (-2.9%), E-finance (-2.7%), and GB Corp (-1.9%).


🗓️ JULY

7 July - 8 August (Tuesday-Saturday): Khayal Mareed Play at Theatro Arkan.

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

28 July (Tuesday): Sherif Mounir Nostalgia Band at Open Air Theater, Cairo Opera House.

28 July (Tuesday): The Comedy Bunch at CJC 610.

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

30 July (Thursday): Medhat Saleh at Sayed Darwish Theatre, Alexandria.

30-31 July (Thursday-Friday): Garage Sale at Darb 15, Maadi.

30-31 July (Thursday-Friday): El Sahel El Sherir at Porto Theater, Marina Alamein.

31 July (Friday): Studio El Etneen at Premiere Show, Porto Golf.

31 July (Friday): Disco Misr and Lino Cheikho at The Smokery Beach, Bianchi.

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): Esseily at O by Michel Fadel, Marassi.

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

1 August (Saturday): Omar El Gamal Vol.66 at Teatro 90.

1 August (Saturday): Saad El Oud at CJC 610.

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

6 August (Thursday): Cairo Comedy Club at Teatro 90.

6 August (Thursday): Hamada Helal at Premiere Show, Golf Porto.

6 August (Thursday): Amr Selim at Sayed Darwish Theatre, Alexandria.

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

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

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

7 August (Friday): Salah El Daly - Stand Up Comedy Show at Teatro 90.

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

7 August (Friday): Ismailia Mango Festival.

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

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

7 August (Friday): Aziz Maraka at The Smokery Beach, North Coast.

8 August (Saturday): Boosh Bshasha Stand-up Comedy Show at Teatro 90.

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

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.

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

20 August (Thursday): Mohamed Fouad at Premiere Show, Golf Porto.

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

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.

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

27 August (Thursday): Jadal at Bibliotheca Alexandrina.

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.

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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