Why Egypt’s beauty brands aren’t rushing to the market

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WHAT WE’RE TRACKING TONIGHT

SpaceX hit the moon by accident and Wall Street by design

Good afternoon, friends, and happy almost-weekend. We’ve got a breezy issue today to carry you to the finish line. Have you ever wondered what it actually takes to build an Egyptian beauty brand that earns repeat customers rather than just a first purchase? We speak with two founders who decided the answer started in the lab, years before anything reached the shelf. We also have a review of beloved actor Stanley Tucci’s memoir, which is the kind of book that will have you planning a meal before you’ve finished the chapter.

Without further ado, the news…

THE BIG STORY ABROAD-

🌐 It’s been a busy week on the global newsfront, and today is no exception. Plenty of stories are vying for top billing — here’s the rundown:

Elon Musk’s SpaceX aimed for the moon… and hit a bullseye. Just not on purpose. Early this morning, the spent upper stage of a SpaceX Falcon 9 rocket — a four-ton piece of space junk that has been drifting in orbit since January 2025 — reportedly crashed into the lunar surface near the Einstein Crater at some 5k miles per hour. The collision reportedly poses no danger to Earth, and Nasa is currently investigating the incident.

It’s a fitting headline for what has been a turbulent couple of days for Musk’s rocket company. SpaceX released its first-ever quarterly results as a public company last night — its debut earnings report since listing on the Nasdaq in June. The numbers were strong: revenue came in at USD 7.8 bn, surpassing analyst expectations and up 92% y-o-y, while the net loss narrowed to USD 541 mn. We dive into the details in this morning’s edition of Planet Finance.

Investors, however, were rattled by capital expenditure, which soared more than sixfold y-o-y to USD 18.4 bn in 2Q, with the bulk of it — 15.8 bn, compared to a 13.2 bn analyst estimate — going to AI infrastructure. Investors are skeptical that AI returns justify the spending. SpaceX stock fell some 8% in after-hours trading on the back of it.

^^Read more on: CNN, BBC, The Financial Times, and CNBC.

MEANWHILE- On the US-Iran front, US President Donald Trump claimed that negotiations are “moving along nicely,” adding: “You’ll find out. We’ll know in 48 hours,” ABC reports. The US President also noted that the Strait of Hormuz would be open “very soon,” followed by another threat against Iran if it remains closed.

Possibly empty threats? CNN reports that the US military has already exhausted roughly 80% of its interceptors on account of the Iran war, citing sources familiar with the matter. A shortage of air defense systems could impact the US’ ability to ward off Iranian strikes in the region. The White House has since pushed back against these claims.

^^Read more on: CNBC, ABC, CNN, and Reuters.

AND- Russia launched a massive wave of drone and ballistic missile strikes on Kyiv overnight, killing at least 17 people and leaving 44 others injured. Ukraine’s air force said Russia launched 24 ballistic missiles — none of which were intercepted. The main targets included civilian warehouse facilities. Ukrainian President Volodymyr Zelenskyy pointed directly at the interceptor shortage as the cause of the casualties.

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

IN OTHER NEWS- Thirty-four-year-old Egyptian footballer and former Liverpool star Mohamed Salah has finally put an end to weeks of speculation. Salah is finalizing an agreement with Turkish football club Trabzonspor, which has taken to social media to announce the Egyptian star’s transfer as he touched down in Turkey.

^^Read more on: beIN Sports.

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

  • Egypt’s non-oil private sector saw its strongest business confidence since mid-2022 in July, even though on-the-ground business conditions are still tough. The headline seasonally adjusted PMI went up last month to 46.8 from June’s 41-month low of 46.0. While July marks our seventh straight month below the 50.0 break-even mark;
  • After a full quarter of net selling and a red June, foreign investors turned net buyers of Egyptian equities last month, picking up EGP 1.4 bn in listed stocks, even as local individuals turned net sellers to the tune of EGP 2 bn. The EGX30 rode the shift to a 5.85% monthly gain, closing at 53.4k points, marking its best month since the spring rally and reversing a 4.12% June loss;
  • Egypt is planning to add about 100 mmcf / d of gas in October from five new onshore and offshore wells at a combined cost of about USD 95 mn. The campaign relies on onshore and deepwater assets. The wells are a small piece of a much bigger push already underway. The Oil Ministry is targeting 160 new oil and gas wells this FY, backed by at least USD 7.2 bn in planned investment from foreign partners;
  • Nevera Egypt for Sustainable Development plans to launch an integrated media city in west Cairo, driving a broader government-backed initiative to transform the area surrounding the Pyramids Plateau into a multi-mn-sqm hub for tourism, hospitality, real estate, logistics, and commercial activities.

☀️ TOMORROW’S WEATHER- We’re in for another warm, hazy day in C-town tomorrow, with the mercury rising to 37°C before cooling down to an overnight low of 24°C. Expect lower temperatures — but more humidity — on the North Coast, with a high of 32°C and an overnight low of 23°C, according to our favorite weather app.

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AFTER HOURS: THE BUSINESS OF BEAUTY

Why Egypt’s newest beauty brands aren’t rushing to the market but playing the long game

💄 A newer generation of Egyptian beauty founders is rejecting the industry’s oldest habit: launch fast, market hard, fix the formula later. In its place, they’re choosing the slower version — years of R&D before a product ever reaches the shelf. The twist? Slowing down the product hasn’t slowed down the brand. Blumin’ Kaktus and Mother Naked, two of the more recognizable names to come out of this shift, are proof: patience on the formulation side hasn’t cost either brand its buzz. Staying playful, authentic, and a little cheeky in how they talk to customers is exactly what led the R&D-first wager to pay off in public.

Ahmed Yousry (LinkedIn), who founded Blumin’ Kaktus, and Nada Khroub (LinkedIn), who founded Mother Naked, aren’t running the same model so much as arriving at a similar one from different directions. The two brands follow a similar ethos: Both run lip products. Both lean into bold, sensory language over technical labels. Both build their names and their messaging around a version of empowerment.

EnterpriseAM spoke to both founders about how they got here — the commercial backgrounds they brought in, the ingredient costs they refused to cut, the distribution strategies they diverged on, and what it actually takes to build an Egyptian beauty brand that earns repeat customers rather than just a first purchase.

The road to retail

Neither founder came into beauty through the traditional route, but each brought a different commercial advantage. Both founders say their previous work shaped how they build now. Yousry trained in finance and economics, then spent close to a decade moving through unrelated ventures. “I’ve had my share of business failures, but each one was a crucial lesson,” Yousry tells EnterpriseAM. The lesson he carried into Blumin’ Kaktus was listening to user feedback obsessively, because “what works for me might not work for someone else,” he says.

Khroub’s route ran through marketing. She studied business marketing, rotated through early-stage startups, then spent time in telecom running customer-retention campaigns, where she says she learned how price-sensitive and comparison-driven consumers really are. A stint as an early marketing hire at a food-aggregator platform, where she helped pioneer some of the region’s earlier employee-generated content work on TikTok, further sharpened that. By the time she founded Mother Naked, Khroub says she’d already spent years studying retail displays and brand positioning at places like Sephora, treating shopping trips as competitive research long before she had a brand of her own.

An unorthodox playbook

For Yousry, the philosophy is transparency as a market correction. He argues Egyptian consumers have been trained by years of thin, marketing-first local brands to distrust homegrown products and default to imported names instead, and that Blumin’ Kaktus’ job is to prove that instinct wrong, product by product. His longer-term goal is normalizing self-care for men, in a category where he says 98% of his customers are currently women despite the products working identically for both.

Khroub sees Mother Naked less as a product line and more as a persona. “Mother Naked is essentially my alter ego,” she says. Her goal is efficiency without sacrificing results: products built for what she calls the “Mother Naked Girl,” a woman managing work, family, and a social life who doesn’t have time for elaborate routines. That ethos runs all the way down to how she talks about bad hair or skin days as the kind of small, real setback the brand is built to acknowledge rather than airbrush away.

The names carry the thesis

Both founders wagered on names that risked friction rather than ones that played it safe, and both say the risk was deliberate. Blumin’ Kaktus takes its name from the idea of a blooming cactus — rough, dry, and unremarkable on the outside, but produces strikingly vibrant flowers under the right conditions. He ties that directly to his own decision to walk away from a conventional career path against family and social expectations, and to the brand’s broader message that people bloom differently — but they do bloom, given the right support.

Mother Naked was the harder sell. Khroub’s sister, who works in branding professionally, outright advised against it, warning it could hurt the brand and its future expansion. Khroub kept the name anyway, tying it to the idea that the skin someone is born with is already enough — “our goal is to enhance it, not hide it,” she says — and, by coincidence, to her own pregnancy around the time of launch, which she took as a sign the name was right. Where Yousry’s name works as a slow-revealing metaphor, Khroub’s works as a provocation meant to start a conversation the moment someone hears it; both are functioning as thesis statements for the brands.

Behind the scenes (and formulas)

Both brands are willing to pay more for the ingredients that matter most, importing higher-grade raw materials rather than compromising on formulation. Yousry says Blumin’ Kaktus’ raw ingredient costs run roughly 3x higher than typical local-market formulations, a gap he’s chosen not to close by cutting corners or marking down, as the brand competes on formula quality rather than price. He’s also brought packaging production in-house where he can, importing custom bottles and tubes directly, and works with local craftspeople to manufacture the brand’s fabric pouches, which he frames as a way to create sustainable income locally rather than purely as a packaging decision.

Khroub’s sourcing model runs manufacturing entirely through Egypt while importing the higher-grade ingredients that go into the formulas. She says Egypt’s beauty manufacturing infrastructure is genuinely strong, but the real bottleneck is a shortage of specialized cosmetic formulators: “There are great formulators, but they are very few and far between,” she notes. Mother Naked eventually partnered with one who benchmarks formulas directly against global names like Rhode and Summer Fridays, which Khroub says is how products like the brand’s Lip Treat hold up in side-by-side comparisons.

Different routes to the same shelves

If the brands share a formulation philosophy, their go-to-market strategies look very different. Here, the founders diverge most — less in ambition than in sequencing. Yousry sells through Blumin’ Kaktus’ own site alongside a few marketplaces — Source Beauty, Amazon, Noon, and Lola Beauty — and built the brand’s early growth around physical placement in concept stores, including pop-up locations at District 5 and Maison 69 in Sahel. His planned standalone stores would push further into convenience and education at once: staff trained as skin and hair advisors rather than salespeople, built for customers who want guidance, not just a shelf to browse, he tells us.

Khroub took the opposite sequencing on purpose. For Mother Naked’s first four years, she restricted sales entirely to the brand’s own website and pop-up stores, deliberately turning down third-party retail and the short-term revenue it would have brought, in order to build “a bulletproof operational infrastructure” first. Only after that did she expand into Amazon and quick-commerce, both of which she says are now among the brand’s strongest channels.

Convenience shows up in Mother Naked’s product design as much as its distribution: perfume packaging built entirely from aluminum rather than glass or plastic, a 4-in-1 travel brush that consolidates several makeup tools into one compact piece, and sheet masks packaged as a seven-day “book” so the format itself is portable. The travel-friendliness isn’t incidental — Khroub describes it as a direct response to a customer base that’s constantly moving between roles in a single day.

Building a buzz

If formulation is where both brands slow down, collaborations are where they speed up. Yousry describes a shift in his own approach over time, away from an initial instinct to let the product speak entirely for itself and toward more experiential marketing; F&B collaborations in particular, which he says let customers taste, smell, and see a product at once rather than just watch a review video. Blumin’ Kaktus’s recent ice cream-themed collaboration with Mega, which produced Mango Vanilla and Strawberry Vanilla lip glosses, is the clearest example of that shift in practice.

Khroub’s marketing instincts, honed by her telecom and TikTok background, show up most in Mother Naked’s collaborations. The brand’s Lipton partnership — iced-tea-infused lip balms built around Lipton’s new sugarfree line — launched with a joint activation letting customers taste the drink and try the lip balm side by side. It follows an earlier collaboration with Kin Suki and a new multi-brand retail concept at Playa Strip in Sahel, where Mother Naked sits alongside other local labels such as Be-indie in a shared beauty, fashion, and F&B space.

Neither brand is arguing that marketing doesn’t matter; in fact, both are visibly good at it. What they’re arguing, through years of formulation work most customers will never see, is that trust has to come before traction, that marketing works best when it’s backed by something real. Whether that sequencing — R&D first, buzz second— becomes the norm for the next wave of Egyptian beauty brands, or remains the exception that a couple of standout founders managed to pull off, is the open question.

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Under the Lamplight

Stanley Tucci’s heartwarming memoir chronicles his life through food and family

📖 Italian-American actor Stanley Tucci, whom we’ve come to love through hits like The Devil Wears Prada, Conclave, and The Hunger Games, decided to chronicle his life in a fresh and delicious memoir: Taste: My Life Through Food. Beyond his on-screen talents, Tucci has long led a parallel culinary life, earning a reputation as an Italian food connoisseur, publishing two cookbooks, and fronting a food-and-travel docu-series set in Italy. We flipped through the pages of his literary venture and found them every bit as finger-licking good as the meals he describes.

What to expect: Tucci doesn’t stray too far from what he does best, delivering another memorable cookbook — only this time, it’s far more personal, anecdotal, and warm. Readers quickly learn that he grew up in an Italian immigrant family with deep ties to its culinary heritage, a passion that was passed down to him through his exceptionally talented mother, whose chef-level cooking made for an enviably well-fed childhood and coming-of-age. He fondly recounts the Italian staples she prepared, along with dishes his father would occasionally make, weaving detailed recipes for beloved dishes throughout the memoir.

That said, we highly recommend not picking this book up on an empty stomach. Tucci’s vivid descriptions of family dinners are almost assured to set your stomach growling. Around those recipes and dinner tables, he pieces together stories of his childhood, family heritage, teenage years, and adulthood, underscoring the inseparable bond between Italians and their kitchens.

What we liked: If there’s one thing that strikes a universal nostalgic chord, it’s food. Tucci’s family-centered memoir beautifully uses it as the thread tying together his life story, making every chapter feel inviting, relatable, and deeply sentimental. Extended stretches of dialogue, from vividly retold family memories coupled with affectionate portraits of his relatives and their meticulous culinary rituals, make the book all the more heartwarming. Tucci’s voice is witty, self-aware, and charming — he comes off as a close friend reminiscing about the milestone moments that shaped him.

Our verdict: Tucci delivers the kind of wholesome memoir that feels deeply personal while remaining cozy and nostalgic. More than anything, Taste makes the case that good food is central to a good life. If you’re looking for a heartwarming summer read that also leaves you with a handful of simple, reliable recipes to add to your dinner rotation, Stanley Tucci’s Taste is well worth picking up.

WHERE TO GET IT- You can find the paperback at Diwan and the eBook version on Amazon and Kobo.

This publication is proudly sponsored by

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Mark Your Calendar

Aziz Maraka takes over The Smokery Beach on the North Coast

🎤 Jordanian singer Aziz Maraka is bringing his hits live to The Smokery Beach in Bianchi on the North Coast this Friday, 7 August. It’s another one of Sahel’s live performances set against sunset by the sea, so be sure to arrive before sundown to make the most of it. The show kicks off at 6pm, the dress code is cocktail chic, and tickets are available for purchase here.

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GO WITH THE FLOW

What the markets are doing on 5 August 2026

The EGX30 rose 0.3% at today’s close on turnover of EGP 12.9 bn (32.9% above the 90-day average). Local investors were the sole net buyers. The index is up 30.7% YTD.

In the green: Oriental Weavers (+9.1%), Emaar Misr (+5.3%), and Orascom Investment Holding (+4.0%).

In the red: E-finance (-2.4%), Kima (-2.3%), and Ibnsina Pharma (-2.0%).


🗓️ AUGUST

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

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

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, Bianchi, 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.

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.

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): 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): 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.

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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