Get EnterpriseAM daily

Available in your choice of English or Arabic

For the foodies

1

THE WEEK IN REVIEW

Israel advances USD 35 bn natural gas export agreement with Egypt

Good morning, friends, and happy Friday. Even though fewer issues made it to your inbox this week, it’s been a long and busy one for us at EnterpriseAM, and we’re happy to settle into our couch and wind down on this chilly morning.

Missed our coverage during our publication holiday? No worries, you can find everything that you might have missed in the headlines below, from investment news to international developments.

Leave resolutions of smaller portions and more mindful eating for the new year, and dig into these foodie favorites this weekend. From newly-minted eateries to long-hailed favorites that stood strong in ‘25, we’ve listed our favorite bites of the year in this week’s edition of The Enterprise Guide.

Enterprise Weekend comes out each Friday at 9:00am CLT. We’ll be back on Sunday at 6am with EnterpriseAM. Until then: Enjoy the weekend.

🗞️ LAST WEEK IN 3 MINS-

ENERGY-

#1- Egypt locked in a long-term energy backstop after Israeli Prime Minister Benjamin Netanyahu signed off on the stalled USD 35 bn natural gas export agreement. The deal will see Chevron and its partners in the Leviathan gas field, NewMed Energy and Ratio Energies, export 130 bcm of gas to Egypt between 2026 and 2040.

#2- Dubai-based Amea Power and Japan’s Kyuden International have wrapped financing on a USD 700 mn solar and battery storage project in Aswan, Amea said in a statement. It will be the largest single-site renewable energy facility in Africa when it comes online. The 1 GW solar plant, paired with 600 MWh of battery storage, should come online by June 2026. Amea Power holds 60% of the project, while Kyuden has 40%. It’s Kyuden’s first investment in Egypt; construction work is already underway.

#3- The Tourism Development Authority is allocating land for renewable energy projects for the first time, with Cairo-based Karm Holding (formerly Karm Solar) securing the inaugural deal: a 500k sqm site south of Marsa Allam Airport for a 40 MW off-grid solar plant.

INVESTMENT WATCH-

Egypt expects to land c.USD 10 bn in Qatari investment by the end of 2026, a senior government official told EnterpriseAM. The inflows will be a mix of sovereign and private capital, with the lion's share coming from state-affiliated entities. Officials expect Qatari companies in manufacturing, ports and logistics, and hospitality to invest a combined USD 2.0-2.5 bn.

TOURISM(ish)-

The Tourism Development Authority (TDA) is offering relief measures to investors in the Taba-Nuweiba area to cushion the blow from the war in Gaza. Investors will be able to defer debt repayments for an additional year and suspend repayments for 18 months without interest penalties.

DEBT WATCH-

The Mabdouly government ispreparing a new incentive package and regulatory tweaks in a bid to start curbing our reliance on the hottest of hot money flows. The package of measures includes changes to the primary dealers system and the secondary market for local-currency debt, a senior government official told EnterpriseAM.

CONSTRUCTION-

The African Export-Import Bank (Afreximbank) sent a signal of confidence in Egypt, after tapping our friends at Hassan Allam Construction to build its USD 250 mn African Trade Center (AATC) in the New Capital. It will be the bank’s largest global complex to date and will house its new global headquarters, replacing the bank’s current HQ in Heliopolis.

🌍 AROUND THE WORLD IN SEVEN DAYS-

The spotlight remains on the oil trade amidst rising tensions between Venezuela and the US. US President Donald Trump ordered a “total and complete blockade” of all sanctioned oil tankers going into and out of Venezuela, he said in a lengthy post on Truth Social. Following Trump’s announcement, crude futures dipped to their lowest close since February 2021.

^^ The must-read on the topic: Oil rises as Trump's Venezuela blockade takes edge offglobal crude surplus concerns (Reuters).

Over in the business press- Warner Bros. Discovery’s board rejected Paramount Skydance’s “inferior” GCC-backed offer and urged shareholders to recommit to Netflix’s bid. Also, New York hedge fund Standard General is reportedly in talks to invest in (or acquire) the Warner Bros. Discovery television networks, including CNN, according to a Financial Times report. Read more: Associated Press.

Meanwhile- BP’s Murray Auchincloss is out as CEO after less than two years. He’s being replaced by Meg O’Neill, who comes in from Australia’s Woodside Energy. She marks BP’s third CEO in five years, and their first woman CEO. Analysts expect her to toe the line and stay committed to BP’s oil and gas-first approach. Read more: Financial Times.

And- Volkswagen is shutting a plant in Germany, its home market, for the first time in its 88-year history. That’s bad news for any country hoping VW is eyeing them for a new assembly plant, including Egypt. Read more: New York Times.

Also- Earlier this week, PayPal applied to open a bank in the US. If greenlit, the newly-minted bank would offer savings accounts and strengthen PayPal’s loan services to SMEs across the US. Read more:Bloomberg.

☀️ THE WEATHER THIS WEEKEND-

Put on your sweaters and grab a hot cup of cocoa — we’re in for a chilly weekend in Cairo. Temperatures on Friday are set to peak at 22°C before cooling further to 12°C. On Saturday, the capital is in for a slightly warmer day with a high of 23°C and a low of 14°C, according to our favorite weather app.

Happening this weekend

🎵Abyusif makes his comeback at the Greek Campus in Downtown Cairo tonight. Expect a high-energy show and a hyped up crowd. Tickets are selling out fast — you can get yours on Ticketsmarché.

Sharmoofers are hitting the stage at City Centra Almaza’s City Garage tonight. Expect a night of good vibes and groovy music. You can find tickets on Ticketsmarché.

In the mood to explore Old Cairo? Join Athar Lina’s Spendthe Day in Khalifa for a tour through al-Khalifa today and tomorrow. Expect to learn about the heritage of al-Khalifa with narration from its very own residents alongside a trip to the Southern Cemetery. The event is at no charge — full program details are available through this form.

Grammy-nominee Ibrahim Maalouf is coming to Egypt as part of his tribute tour, marking the 10th anniversary of his acclaimed album Kalthoum. Catch the Lebanese trumpeter at New Capital’s Concert Hall tomorrow. You can get your tickets now on Ticketsmarché.

Pop icon Tamer Hosny is bringing his biggest hits to the Abdeen Palace open air theater for a fundraising concert this Saturday. Dress in black tie and formal evening wear for a fully seated night with the star live on stage. Tickets are available on Tazkarti.

Happening next weekend

  • 😶‍🌫️ It’s not too late to catch Tul8te. The masked singer will be performing live at El Arena, El Malahy next Thursday. Book your spot on Ticketsmarché.
  • 💃 Care for an evening with Bahaa Sultan? The star will be taking over the Hilton Cairo Grand Nile on Friday, 26 December. Tickets are available on Ticketsmarché.
  • 🎻 Saad El Oud will also be performing at the Hilton Cairo Grand Nile on Saturday, 27 December. Get your tickets from Ticketsmarché.

2

THE ENTERPRISE GUIDE

Our favorite bites of 2025

🍽️ If there’s anything all Egyptians can agree on, it’s that we are a stomach-first people. From the late-night koshary plate in Downtown Cairo to the early morning croissandwich from Maadi’s many bakeries, there’s always something to treat yourself to — and always room for dessert. Getting hungry? Our favorite 2025 bites might be of inspiration to you.

Our favorite dine-in destinations

Here are some of our favorite places of the year — selected for ambiance, experience, and flavor.

#1- Evermore: One of U Venues’ most popular spots, Evermore came as quite the surprise. From brisket pastas to burgers swimming in truffle sauce (a must-try), Evermore proved a worthy contender in the 2025 culinary scene, and one we hope to see expand further in 2026.

#2- Tenaya: A love letter to Nile-side dining, Tenaya is one of the most beautiful eateries we visited in 2025 — a place that achieves culinary excellence while maintaining the warmth and comfort that makes dining truly memorable. Set on the banks of the Nile amidst drifting feluccas and gentle breezes, serial restaurateur Frank Heinen’s latest project serves up a curated menu of dishes drawing from different cuisines, from baked camembert to sharkasiyya. You’ll come for the Nile views and the reputation, but you’ll keep coming back for everything else.

#3- Mazeej Balad: Something old, something new, something borrowed, and something… delicious? Right in the heart of Downtown Cairo, Mazeej Balad, the rooftop restaurant at the newly-opened Mazeej boutique hotel brings the best of both worlds under one proverbial roof. Presenting a selection of familiar Egyptian classics envisioned through a global culinary lens, you’ll find truffle cheese tomato dips, lamb shanks with vermicelli, koshari arancini and all sorts of Egyptian favorites with a twist. The cherry on top? The stylish decor and the gorgeous view of Downtown Cairo, enjoyed best on quiet weekend mornings.

#4- Hara Hachi Bu: A restaurant that doesn’t want you getting full? Stay with us. Having recently opened in New Cairo’s District 5, Hara Hachi Bu presents an interesting culinary philosophy: eat till you’re only 80% full. All about mindful eating practices, this newly-minted Japanese hotspot sets itself apart through only the freshest ingredients and just the right portions.

Our favorite takeout spots

Crashed out on the couch but still craving a hearty meal? We’ve had many such nights, and naturally tried all that Egyptian delivery apps had to offer. Among our favorites:

#1- Mayyal Mayyal: Miss the ‘80s? Well, unfortunately time travel pods aren’t a thing yet, so a taste of the past will have to do. Inspired by Amr Diab’s ‘80s hit of the same name, Maadi’s newest Egyptian street food spot Mayyal Mayyal reeled us in with charcoal grilled goodness and a menu that’s straight to the point — it’s either kofta, hawawshi, or shish.

#2- Bosnian Kitchen: Visa denied? No problem, you can still get a taste of Bosnia here in New Cairo. The Bosnian Kitchen only offers two dishes: Bosnian kebab and a Bosnian-style burger. Both quickly managed to make it onto our list of favorite bites of 2025, if not ever. If a hawawshi, a burger, and a shawarma had a culinary baby, it’d be a Bosnian burger — in other words, you won’t want to miss out.

#3- Gogi: Asian fusion restaurants are a dime a dozen, but Gogi still managed to stand out. With an extensive menu built for sharing, Gogi is all about variety and flavor. We’d recommend going for the vegetable kimbap, the tteokbokki, and the beef bulgogi. Trust us, you won’t regret it.

#4- Il Forno: What immediately sets this pizza joint apart is their commitment to doing a few things exceptionally well rather than offering an endless menu of mediocre options. Every option on Il Forno’s menu feels purposeful, curated by someone who understands flavor and genuinely loves pizza, which suddenly stops feeling like junk food and starts feeling like a genuine culinary experience. It’s one fault: you’ll have to pick it up yourself.

Get the worm

Are you an early bird? Can’t relate, but these breakfast spots are sure to make your morning.

#1- Hummus & Go: Craving a familiar breakfast and a new experience? Korba’s Hummus& Go offers a number of Palestinian sandwiches from falafel to foul, like you’ve never had before. All about on-the-go Palestinian classics, the Korba joint, famed for its annual Ramadan suhoor specials, offers breakfast and all day items including — but certainly not limited to — Palestinian kebab shakshouka, fatta makdous, musahab meals, and crispy “intifada” sandwiches.

#2- Duchess: Woke up at 3pm but still craving the most important meal of the day? Duchess will treat you to a royal breakfast experience at any hour. You can choose between a plethora of breakfast sandwiches, omelettes, creative savory breakfast specials, and a selection of sweet breakfast dishes. Friendly tip: don’t miss out on the corn ribs and the bacon butty sandwich.

#3- Bakery Khan: Want to choose your own adventure? When it comes to customizable sammies, there aren’t that many players claiming the game, but Bakery Khan is one. The bakery has a seemingly infinite supply of croissants, pâtés, mana’eech, cinnamon rolls, donuts, danishes, muffins, and other goodies — the sort you find yourself inclined to bring with you on your way to a Friday afternoon gathering. The bakery’s crowning jewel, however? Their sandwiches — and the endless possibilities that come with them.

#4- Mosaique: Offering a stunning view of El Korba, the recently-opened Mosaique is where to go when you’re on the hunt for a cup of coffee, a delicious breakfast, and a slow morning. The restaurant offers a selection of classic Egyptian breakfast dishes with a modernist twist. The breakfast menu leaves no egg unturned, with oriental options, benedicts, and omelets — as well as trays meant for group sharing.

Sweet treats

Dessert proves that the best should always be left for last. Here are a few of our favorite sweet spots:

#1- Weirdough: Cookies, coffee? How about both? Having recently opened their first brick-and-mortar café, Weirdough delivered on all fronts this year. It’s not often you find an establishment with enough diverse flavors of one product to satisfy every craving — but Weirdough has pulled it off. Our cookie of choice: the whipped coffee.

#2- Läderach: Earlier this summer, iconic Swiss chocolatier Läderach opened its doors in Egypt, and given the crowds, hasn’t been able to close them since. We tried a few of their bestsellers, and we can confidently say this: not a single miss on the menu. Our top pick? The FrischSchoggi almond blond — where caramelized white chocolate meets roasted California almonds in a slab that tastes like brown butter and toasted nuts had a Swiss-born love child.

#3- Kroissant: Life’s better with croissants, in croissants, on croissants… you get the point. Reimagining the pastry in ways hitherto unimaginable, Kroissant serves up croissant burgers, croissant benedicts, and croissant everything. You’ll be going back for seconds, but we’d suggest wearing stretchy pants.

#4- Four Seeds: It’s simple: no sugar, no flour, no dairy — and yet, nothing on the menu compromises on taste. Could be magic, could be mastery, but it’s definitely heavenly. Oats, quinoa, flax, and chia — at Four Seeds, the entire menu is crafted using these main ingredients. Sugar is replaced by stevia, carbs are strictly monitored, and gluten is banned from entry. The menu boasts a variety of cakes, cookies, tarts, and a long list of savory keto breads and pastas.

Honorable mentions

3

At the Movies

An ordinary biopic about an extraordinary woman

🎥 From initial production chatter to the release of the first promotional posters, the 2025 Um Kalthoum biopic El Sett has gotten more than its fair share of social media attention. Many people are questioning the choice to cast Mona Zaki as the legendary Kawkab el Sharq.

To tell Um Kalthoum’s story, screenwriter Ahmed Mourad traced the trajectory of Um Kalthoum’s life through key vignettes, starting with the 1967 Olympia concert in Paris. We’re introduced to the young Souma, who performs at village weddings alongside her brother Khaled, and father Sheikh El Beltagi (Sayed Ragab). After a chance discovery by a talent scout, her life changes irrevocably. From there, the film follows the rising legend and the increasingly isolated woman she becomes off-stage.

It’s not a bad film… but it’s not all that great either. When it comes to high budget productions, we expect the worst, but hope for the best. Given the complexity, authority, and historical significance of Um Kalthoum, we worried that no cinematic adaptation would do her justice, and went into the theater with very little expectations. El Sett ended up occupying some sort of middle ground — not phenomenal, but not catastrophic.

Mona Zaki was committed to the role, and gave it her all to convey Kawkab el Sharq’s emotional complexity. That said, the dialogue was — at times — lacking and inauthentic. The makeup department certainly didn’t do Zaki any favors either, and the Egyptian actress bore little to no resemblance to the late legend. The film’s main problem was its script. El Sett struggled with a fragmented screenplay in an attempt to capture every single milestone of Um Kalthoum’s life. This overly ambitious undertaking resulted in a series of disjointed snapshots, and while many individual moments landed emotionally, the narrative as a whole struggled to connect, resulting in a three-hour runtime that still felt unnecessarily stretched thin.

Mourad’s characterization of Um Kalthoum, which painted her as an overbearing, opportunistic, and ungenerous figure resulted in a lightning rod of criticism, and moviegoers made their discontent with his artistic license known. Another point of contention was the things left unsaid — several historical figures essential to El Sett’s journey were either relegated to the periphery or cut out entirely.

From a directorial standpoint, Marwan Hamed left little to be desired, but one artistic choice left us baffled. The film was beautifully directed — if at times too visually stimulating — but the frequent, seemingly arbitrary transitions between color and black-and-white cinematography seemed to lack a thematic pattern. The last film to employ these transitions was Oppenheimer — director Christopher Nolan used color to denote when he used his artistic license, relegating black-and-white scenes to cold, hard fact. But we couldn’t apply this logic to El Sett, and the indiscernible pattern led to a disjointed viewing experience.

While this may be an unpopular opinion, we loved Hisham Nazih’s score for the movie. Nazih offered stellar renditions of iconic Um Kalthoum classics such as Enta Omri and Alf Leila w Leila. Combined with brilliant costuming — including custom jewelry from Azza Fahmy — and exquisite set design, certain scenes were incredibly beautiful and moving.

Is El Sett worth your time? Yes. Does it deserve all the hate it’s been getting? No. Is El Sett a legendary biopic to be referenced in years to come? We’re afraid the answer is also no.

WHERE TO WATCH- El Sett is screening at Vox Cinemas at City Center Almaza and Mall of Egypt, City Stars Cinema, D5 and CFCM’s Scene Cinema, Cima Arkan, P90 Cinema, and Zawya. Watch the trailer on YouTube (runtime: 2:14).

This publication is proudly sponsored by

From OUR FAMILY to YOURS
From OUR FAMILY to YOURS
4

PASS THE CONTROLLER

Clair Obscur: Expedition 33’s historic victory

🎮 Clair Obscur: Expedition 33 (COE33) became the most awarded game in The Game Awards history, sweeping the 2025 ceremony with an unprecedented nine wins. The turn-based RPG from the French studio Sandfall Interactive didn’t just make numerical history, it surpassed The Last of Us: Part II’s previous record, proving that indie studios could compete with the industry’s biggest names.

Set in a dark fantasy setting inspired by turn-of-the-century France, COE33 presents a haunting premise: every year, a mysterious being called the Paintress paints a number on her monolith, and everyone of that age turns to smoke and disappears. After 67 years of counting down from 100, Expedition 33 sets out to destroy the Paintress and end the cycle of death. The world-building is exceptional, blending French Belle Époque aesthetics with surreal, nightmarish imagery. Players explore breathtaking locations like the Island of Visages and the Forgotten Battlefield, each area meticulously crafted to feel both beautiful and unsettling.

The game enhances turn-based combat with real-time mechanics — players can dodge, parry, and counter attacks in real time, aim ranged attacks freely like a third-person shooter, and complete quick-time events to improve skill effects. This hybrid approach, which evolves as you progress throughout the game, breathes new life into the turn-based genre, making every encounter feel dynamic and engaging rather than static.

The numbers speak for themselves. The game sold 50k copies within 24 hours, hitting one mn copies within three days, and exceeding five mn by October 2025. Of 80k reviews on Steam, 97% were positive. After this year’s Game Awards, the devs went home with titles for not just game of the year, but eight other trophies from 13 nominations. The ceremony itself opened with a full orchestral performance of the game’s central rock opera (just in case anyone was wagering who the gold medalist was set to be).

Our verdict: COE33 represents everything great about modern game development — a passionate indie team with a clear vision, innovative gameplay that respects genre traditions while pushing boundaries, stunning audiovisual presentation, and a story that genuinely moves players (to tears). Its historic sweep at the Game Awards wasn’t just deserved, it was inevitable. This is essential gaming, a landmark title that will be remembered as one of the generation’s finest RPGs.

💯 Rating: 10/10 on Steam, 96% audience rating

⌛ Hours of gameplay: 28.5 hours for the main story, 66 hours for the completionists

🔁 Replay value: 5/10

👾 Platforms: Steam for PC, Epic for PC, Playstation, and Xbox.

💵 Price: USD 34.99 for the standard version, USD 41.99 for the deluxe on Steam and Epic, USD 49.99 for the standard version, USD 59.99 for the deluxe on Playstation and Xbox

5

WHAT TO LISTEN TO

A heavy past and a story to tell

👂 We all carry weight from our pasts — some of us have learnt to heal from it and some of us haven’t. Heavyweight is a captivating podcast about memory, closure, and the power of unfinished business. Everyday people talk with host Jonathan Goldstein to share personal stories that have lingered from years passed, unresolved traumas cast aside, and encounters that left lasting marks. Goldstein, an established author, serves as both host and guide, offering a space for people whose pasts remain open-ended.

In one standout episode, Goldstein speaks to Debbie, whose late mother Anita had a short-lived mother-son connection with an orphaned child. Anita babysat the child, Stefano, on a long flight from Rome to New York, feeling a strong, motherly connection to him, and once he was taken away, never healed. Decades later, Anita would still be brought to tears by their unwanted separation. Five years after her mother’s passing, Debbie struggles with her own grief, and reaches out to find Stefano and tell him of the love his mother had for him, hoping for closure.

Simple, touching stories like these make up much of Heavyweight’s catalog. Some episodes involve more humor and less heartache, but all of them are moving and interesting in ways you wouldn’t expect. We got hooked on Heavyweight during its early seasons, and while it’s not an easy, everyday listen, the takeaways and doses of earnest human connection keep it a favorite.

WHERE TO LISTEN- You can tune on Apple Podcasts | Amazon Music | iHeart | Spotify | Youtube Music.


🗓️DECEMBER

6 December - 15 February (Saturday-Sunday): Cairo Prints at Cairopolitan in Garden City.

12 December - 15 January (Friday-Thursday): Cairo Art Fair at TAM Gallery, Abu Rawwash.

19 December (Friday): Sharmoofers at City Garage Live, City Centre Almaza.

19 December (Friday): Abyusif at the Greek Campus.

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

19-20 December (Friday-Saturday): Athar Lina’s Spend the Day in Khalifa at al-Khalifa Community Centre.

20 December (Saturday): Tamer Hosny Fundraising Concert at Abdeen Palace.

20 December (Saturday): Ibrahim Maalouf at Concert Hall, New Capital.

22 December (Monday): Dahab The Musical at Theatro Arkan.

25 December (Thursday): Tul8te at El Arena, El Malahy.

26 December (Friday): Bahaa Sultan at the Hilton Cairo Grand Nile.

27 December (Saturday): Saad El Oud at the Hilton Cairo Grand Nile.

31 December (Wednesday): Medhat Saleh at Theatro Arkan.

December: Al Rawi Awards submissions open.

2026

JANUARY

7 January (Wednesday): Coptic Christmas Day.

25 January (Sunday): January 25th Revolution / National Police Day.

30 January (Friday): Cairo Marathon normal registration ends.

FEBRUARY

6 February (Friday): Cairo Marathon at Heliopolis, Merryland Park.

17 February (Tuesday): First day of Ramadan (TBD).

MARCH

20 March (Friday): Eid Al-Fitr (TBD).

APRIL

13 April (Monday): Sham El Nessim.

25 April (Saturday): Sinai Liberation Day.

MAY

1 May (Friday): Labor Day.

26 May (Tuesday): Arafat’s Day.

JUNE

16 June (Tuesday): Islamic New Year.

30 June (Tuesday): June 30th Revolution.

JULY

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

AUGUST

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

OCTOBER

6 October (Tuesday): Armed Forces Day.

Now Playing
Now Playing
00:00
00:00