Egypt has put a number on how climate change could hit public finances

Good morning, friends, and happy long weekend.

But first, your weekly recap…

🗞️ LAST WEEK IN 3 MINS

Egypt has, for the first time, put a number on how climate change could hit the state’s balance sheet.

The CBE issued the first-ever 63-day Treasury notes

Individual persons’ ins. policies worth EGP 10 mn or more now carry a mandatory credit check on the applicant, under new risk-management standards from the Financial Regulatory Authority.

AND- An auditor who has worked with a company for at least five years by the time it lists can now keep auditing its books for up to two more fiscal years after the offering

The Emerging Africa & Asia Infrastructure Fund committed a USD 30 mn senior secured corporate loan to Hassan Allam Utilities

Imported cars are facing stretched-out customs registration and lower priority for FX, even before a new tariff takes effect.

Petrojet and Enppi secured a six-year route into Petroleum Development Oman’s (PDO) USD 6 bn+ project pipeline.

Telecom Egypt wants to keep its data center business in-house.

The 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.

🌍 AROUND THE WORLD IN SEVEN DAYS

This week’s headlines were dominated by the most relentless stretch of the US-Iran war yet

The war escalated sharply after an Iranian strike on Jordan killed two US service members — a third was confirmed dead by Monday ninth tenth eleventh no longer adhere

On a separate regional front pulled back its forces from southern Lebanon

MEANWHILE- launched one of its largest ballistic missile attacks on Kyiv

IN LONDON- Andy Burnham was formally appointed

IN THE BUSINESS PRESS- set to impose a 50% tariff USD 100 bn investment USD 1.5 bn copyright settlement

ALSO- Spain captured the 2026 World Cup title were arrested in Miami

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☀️ THE WEATHER THIS WEEKEND

It’s a brutal start to the long weekend in Cairo.

🎤 HAPPENING THIS WEEKEND

Standup comedian Ahmed Hassan gets his first-ever comedy special at Teatro 90 show TicketsMarché

Marwan Pablo and Lege-Cy are taking their unmistakable flow to the North Coast. evening TicketsMarché

Cairo Opera House’s Summer Festival for Music and Singing is back, and kicking it off is a live performance by Ali El Haggar Tazkarti

This Sahel season, it’s all about sunset experiences concert TicketsMarché

Looking for a good laugh while in Sahel this weekend? show TicketsMarché

🎤 HAPPENING NEXT WEEKEND

Sharmoofers are joining this summer’s Sahel concert lineup, performing for this year’s Localine TicketsMarché

The Tiatro Romano festival continues on Friday, 31 July, bringing performances from Reda El Bahrawy, Rahma Mohsen, and Ahmed Sheba TicketsMarché