Latest news with #MohamedAli
See - Sada Elbalad
4 days ago
- Politics
- See - Sada Elbalad
Revisiting Mohamed Ali Pasha's Origins
Rana Atef A few days ago, an Egyptian patriot and the grandson of Mohamed Ali Pasha and Ibrahim Pasha, Mehmet Mohammed Sarhan, shared a powerful thread, revisiting the origins of the man who laid the very foundations of modern Egypt. Kavala, a small coastal town, cradled the birth of the Ottoman general who would later become Egypt's most ambitious ruler. Mohamed Ali was born in Kavala in 1769 (1183 AH). But he always emphasized that his roots traced back to Konya. This wasn't a passing claim; it was recorded by his trusted aide Mohamed Aref Pasha in 'Ibar al-Bashar', quoting both the Pasha himself and his son Ibrahim. Dr. Mohamed Shafiq Ghorbal, one of Egypt's most respected historians, clarified the truth plainly in his book 'Mohamed Ali the Great', published by the Egyptian Historical Society in 1944: 'In the city of Kavala — a small maritime town — Mohamed Ali was born. The commonly accepted date is 1183 AH / 1769 AD. He was a Muslim Ottoman Turk — with no lineage connecting him to the Albanians, the Slavs of Macedonia, or the Greeks.' Despite serving in an Ottoman-European force where many officers were Albanian, Mohamed Ali wasn't one of them. He climbed the military ranks, but he wasn't of them, nor shaped by them. As Ghorbal explained, Albanians had their own tribal leaders and chiefs. Mohamed Ali had no political loyalty in those circles. He was Ottoman in blood, and language. The book was published under the leadership of Dr. Mohamed Taher Pasha, a man of noble heritage, grandson of Grand Vizier Ahmed Arifi Pasha, cousin of King Farouk, and the first Egyptian to earn a doctorate in political sociology from the Sorbonne. Kavala, known in Turkish by the same name, is part of the Drama region, which today lies within the borders of modern Greece. When the population exchange between Greece and Turkey took place in the early 20th century, Muslim families from Kavala moved east. And if Mohamed Ali Pasha had been alive during that time, given his deep devotion to Islam and loyalty to his Ottoman identity, it's likely he would have returned to Konya, the ancestral home of his forebears. The Turkishness of Mohamed Ali is not just a historical footnote. It's how Europe saw him too. In 1834, Count Charles Joseph Edmond Sain de Boislecomte described him in his official report: 'He is keen to preserve the Ottoman character of his government, and he speaks only Turkish.' This report was later published by the Royal Geographical Society of Egypt in 1927, and cited in the remarkable book 'The Building of the Egyptian State: Mohamed Ali.' Mohamed Ali was a reformer, a military genius, a controversial figure, and the architect of Egypt's modern state. In addition, he was an Ottoman Turk. read more 2 Most Inspirational Green Projects in Egypt AEW Dynamite, WWE NXT to Strive over Viewership Tonight Egypt Marks 70th Anniv. of 2011 Revolution, National Police Day In Depth: WWE NXT Halloween Havoc In Depth: AEW Dynamite, WWE NXT Tuesday Viewership Strive Videos & Features WATCH: Egyptians Break Ramadan Fasts in Matariya Videos & Features GrEEk Campus Hosts Jobzella Fifth Career Fair Videos & Features 3 Iconic Ramadan Songs of All Times Videos & Features Top 4 Destinations to Visit in Upper Egypt News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Sports Get to Know 2025 WWE Evolution Results Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language
Daily News Egypt
06-07-2025
- Business
- Daily News Egypt
ADIB Egypt publishes second sustainability report for 2024
In a move that reaffirms its leadership in sustainable Islamic banking, Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) has released its second annual Sustainability Report for 2024, aligning with the Global Reporting Initiative (GRI) Standards. Covering the period from January to December 2024, the report outlines the bank's performance across environmental, social, and governance (ESG) domains. It offers a transparent and comprehensive view of ADIB Egypt's current sustainability practices and their integration into its broader corporate strategy—underscoring the bank's commitment to supporting Egypt's transition to a green and sustainable economy. The report reflects ADIB Egypt's full embrace of sustainability and sustainable finance principles, which have become vital benchmarks in evaluating financial institutions at both local and international levels. It also highlights the bank's positioning as a regional sustainability leader—a reputation recognised through several prestigious international awards and accolades. Regional Recognition and Leadership ADIB Egypt received five international awards in 2024, acknowledging its advanced standing in sustainable finance. In addition, CEO and Managing Director Mohamed Ali was honoured by the League of Arab States as one of the Arab region's most influential sustainability leaders, in recognition of his role in embedding a sustainability-first culture within the financial sector. 'Sustainability is a core pillar of our corporate strategy,' said Ali. 'The release of our second Sustainability Report in accordance with GRI Standards affirms our long-standing commitment. The report reflects our efforts to integrate sustainability indicators into every level of our operations and to adopt sustainable finance as a practical framework.' He added that the bank's global recognition reflects its success in aligning Islamic banking principles with sustainability objectives, reinforcing its status as a responsible financial institution that actively contributes to community development, environmental protection, and economic advancement. Key ESG Initiatives and Milestones As part of its growing commitment to ESG principles, ADIB Egypt implemented a number of impactful initiatives in the first half of 2025: Carbon Footprint Reporting:The bank issued its fourth Carbon Footprint Report, reaffirming its environmental responsibility and ongoing efforts to reduce emissions and promote eco-friendly practices. Public Engagement in Climate Action:ADIB Egypt sponsored Egypt's largest public race, organised in collaboration with the British University in Egypt. With over 7,000 participants, the event supported the United Nations' Sustainable Development Goal (SDG 4) on quality education. Climate Governance Participation:The bank joined the Chapter Zero Egypt initiative, reinforcing its commitment to advancing environmental governance and climate action. Community Investment:Through its charitable foundation, the bank continues to invest in community-focused initiatives that generate tangible social impact. These include programmes targeting economic empowerment, educational support, and broader financial inclusion—especially for vulnerable groups. ADIB Egypt's 2024 Sustainability Report not only documents progress but also sets the foundation for future ambitions in line with national priorities and global climate and development goals. The bank reaffirmed its pledge to remain at the forefront of sustainable Islamic finance in Egypt, continually advancing its ESG agenda while contributing meaningfully to the country's long-term economic and social development.
Leaders
01-07-2025
- Business
- Leaders
Startup Wars: Raised Millions, Fell Hard
By: Mohamed Ali (Business Consultant, CEO of Inside Business Consulting) In September 2021, Capiter was hailed as one of Egypt's most promising B2B marketplace startups. Backed by a $33 million Series A round, it had the funding, the media attention, and the momentum every startup dreams of. For a moment, it looked like they were on the brink of regional dominance, investors were confident and growth seemed inevitable. Funding That Broke It Yet, barely a year later, the company unraveled in silence. Its co-founders were removed by the board, operations stalled, employees were left unpaid, and no clear recovery plan ever surfaced. The startup vanished almost as quickly as it rose—without an acquisition, a pivot, or even a public explanation. This wasn't a failure caused by scarcity. It was a failure made possible by abundance—with no direction to support it. Capiter didn't fall because it lacked resources. It fell because it lacked a roadmap. Despite having money, it had no clear endgame, no internal structure built around a defined outcome, and no exit strategy that justified the pace or size of its raise. Capiter is far from alone Across the region, we celebrate when startups secure funding. We headline the number, amplify the hype, and assume that money equals success. But rarely do we ask the more important question: what is the money for? What path does it serve? Where is it meant to take you? This is not just a story about one startup. It's a reflection of a deeper structural blind spot: raising capital with no plan to finish the race. The next section is not about caution. It's about clarity—and how to avoid building a business that grows fast but goes nowhere. More Money, More Mess Funding is supposed to solve problems. But in many startups, especially in early or unstable stages, it ends up creating new ones—or exposing the ones you've been ignoring. When capital enters a business that doesn't have a solid operational core, it doesn't accelerate growth—it accelerates dysfunction. It inflates hiring without clarity. It enables marketing spend without positioning. It allows expansion without readiness. Suddenly, a team that was struggling to handle one market is asked to handle three. A product that barely serves existing users is now expected to scale. Pressure rises, focus scatters and burn multiplies. What makes this more dangerous is that funding success feels like real success. Founders start thinking they've made it, when in reality, they've only bought time. Investors expect traction, teams expect promotions and the public expects greatness. But if the internal foundation isn't ready, all that funding becomes a spotlight—illuminating every operational flaw and strategic gap that was once easy to hide. In that sense, money doesn't break startups. It simply speeds up whatever direction they're already headed. If the strategy is sound, capital compounds the value. If it's vague or reactive, the money becomes noise—expensive, fast-moving noise that often leads to collapse. Before you celebrate the raise, ask yourself: is your business even capable of absorbing it? Because in the world of startups, money doesn't always mean growth. Sometimes, it means pressure you're not prepared for. No Exit in Mind Every startup wants to grow—but few take the time to define what 'success' actually looks like. Growth becomes the default goal. Fundraising becomes the trophy. Somehow, the conversation about where this is all going is either delayed… or never happens at all. That's where most founders fall into a strategic trap: they raise capital without aligning it to a clear exit plan. An exit strategy isn't just something you prepare when you're ready to sell. It's a core part of how you build. It shapes how you allocate resources, how you prioritize markets, how you communicate with investors, and how you lead your team. Without it, every decision becomes reactive. You're not scaling toward a defined outcome—you're just scaling because you can. When there's no North Star, funding makes the business heavier, not stronger. What's more dangerous is that many founders do have a vague idea of their preferred exit—but they don't translate that into a real roadmap. Saying 'We might IPO one day' or 'maybe a big player will acquire us' isn't strategy. It's wishful thinking which doesn't justify millions in capital. The question isn't can you raise? The question is: what's the raise in service of? A solid exit strategy doesn't restrict growth. It focuses it. It gives investors confidence, it keeps your team aligned, and most importantly, it prevents you from chasing short-term wins that sabotage long-term viability. Because when you don't know how this ends, you're far more likely to burn out before you get there. Building with End in Mind Startups aren't supposed to last forever. They're designed to move—toward acquisition, toward IPO, toward sustainability, or sometimes, toward shutdown. That's the nature of the game. But if you're building without a clear end in mind, you're not running a business—you're running a loop. An exit strategy isn't just about how you leave. It's about how you build from the beginning . The kind of exit you aim for should directly shape your operating model, your hiring plan, your product roadmap, and your use of capital. Not all exits are created equal—and neither are the strategies required to reach them. Let's break that down: Exit Strategy Matrix Exit Strategy Best For What You Need to Build Early Acquisition (M&A) SaaS, logistics, data-driven products Clear market niche, scalable tech, strategic partnerships IPO Fintech, marketplaces, high-scale ops Strong financial governance, growth discipline, public readiness Acquihire Niche tech teams, developer platforms Top talent, clean IP ownership, team cohesion Lifestyle Business Bootstrapped, niche/creator-led brands Early profitability, low burn, sustainable growth Strategic Merge Vertical integrations, B2B services Operational synergy, clean books, modular growth Each of these paths requires different types of discipline. If you want to be acquired, you should know who your acquirers could be—and what makes you valuable to them. If you're heading toward an IPO, then every system you build needs to be auditable, explainable, and repeatable. If your plan is to grow profitably and keep control, then fundraising might not even be the right move for you in the first place. But no matter which path you choose, one rule holds true: Your funding strategy should serve your exit strategy—not replace it. Too many founders raise capital to 'see what happens.' Great founders raise capital because they know exactly what needs to happen—and why. Examples in Action: When Exit Was Baked from Day One Some startups didn't wait to 'figure it out later.' They defined the endgame early—and built backwards from it. Their decisions about product, team, capital, and speed were all shaped by a clear understanding of why they were building, for whom , and for how long . Let's take a look: Careem – Acquisition Path From the beginning, Careem positioned itself not just as a local ride-hailing service, but as a full-stack mobility and payment platform in a region ripe for consolidation. Their infrastructure investments, tech stack, and customer data strategy were tailored for scale and integration. By the time Uber entered the market aggressively, Careem was too good to compete with—and too aligned not to acquire. The $3.1 billion acquisition wasn't a lucky outcome. It was an engineered one. Fawry – Built for IPO Fawry, Egypt's digital payments giant, didn't chase attention or overextend early. It focused on financial transparency, disciplined scalability, and creating a digital infrastructure that could serve millions. Its gradual, controlled growth made it one of the few tech companies in the region to go public successfully—and stay stable after listing. The IPO was never an afterthought. It was a milestone on a well-defined roadmap. Instabug – Product-Led Exit Readiness Instabug didn't go after massive funding rounds in its early years. Instead, it focused on building a product that solved a clear pain for developers, with sticky usage metrics and deep tech defensibility. That made it an attractive potential acquisition for dev-focused platforms—or a strong candidate for organic, sustained growth. Their roadmap shows a business designed with multiple exit paths in mind, not just one-shot bets. Each of these companies had different exit strategies. But they shared one thing in common: They knew what success looked like—long before success came. In addition, knowledge shaped every decision along the way. Don't Raise to Grow — Raise to Arrive Funding isn't the enemy. It's a powerful tool. But tools are only useful when you know what you're building—and where you're heading. Raising capital is not a badge of honor. It's a commitment. However, when that commitment is made without a destination, the capital turns into pressure, misalignment, and eventually… collapse. You don't need to raise less. You need to raise with intention. You need to raise with a strategy that includes the end, not just the start. You need to build a company that knows the difference between looking big… and going somewhere. Because in the world of startups, growth without direction doesn't scale; it spins. So next time you sit across the table from an investor, don't just ask for money. Be ready to answer the one question that separates the noise from the legacy: 'What exactly are we raising towards?' Related Topics : Saudi Arabia Ignites AI Innovation with Groundbreaking Startup Incubator Startup Wars: When Data Said No, Anghami Said Go! Biban24: LBS Expands MENA Startup Competition to Saudi Arabia Tamkeen, Riyada Launch New Startups Initiative Short link : Post Views: 9
Egypt Today
18-06-2025
- Politics
- Egypt Today
Awqaf Platform: Forming a Plate Best Served Tolerant
President El-Sisi sponsors launch of world's largest religious platform by Egypt's Awqaf Ministry, promoting tolerance and renewal. The Egyptian Ministry of Charitable Endowments (AKA Awqaf) (MoCE) dates back to 1835, when the then ruler of Egypt, Mohamed Ali, promulgated a decree on the creation of the Public Endowment Authority (PEA). In 1913, PEA was transformed into a ministry. Originally, PEA was created to oversee and manage charitable endowments across Egypt. Decades later, it was decided that the newly formed ministry was to further oversee mosques as well as their activities, personnel, and services on Egyptian soil. Being a key party to the preaching of the true message of Islam both inside and outside Egypt, the MoCE has always been on the frontline of promoting tolerance, coexistence, and human fraternity while combating all forms of extremism and radicalization. The tools and channels adopted for that mission have always been written publications, mosques, and traditional media. The existing MoCE website is almost solely news-oriented in nature; much to the contrary of the mission expected from the MoCE. As part of that mission, the Supreme Council for Islamic Affairs (SCIA) was created in 1960 to promote the true merciful teachings of Islam worldwide. SCIA went by traditional media. A chip off the old block, SCIA sent preachers outside Egypt and received international students on scholarships from many countries. Engaging new media is inevitable, however, for a notion to be driven home. With a visionary polymath on top, the MoCE has been seeking to cope with new media to deliver on its promise of promoting the great values of Islam. The incumbent minister, dr. Ossama Al-Azhary, declared on his first day of assuming his office in July 2024 that a world-class platform would be launched soon. A promise strenuously kept, the MoCE launched its new platform ( on Wednesday 18 June 2025 under the patronage of his excellency president Abdelfattah El-Sisi in a ceremony headed by the prime minister of Egypt, Dr. Mostafa Madboli. The new platform is meant to form a plate that is determined to be knowledgeable, tolerant and promoting peace, coexistence, respect, and human fraternity. What has been achieved so far is the infrastructure of a greatly ambitious project. To understand how unprecedented and unique this platform is, one needs to consider the following facts: 1. It is part of a larger determination by the Egyptian state to build, honor, and glorify human life, God's most sublime creation according to Islamic understanding. Egypt is pursuing several presidential, nationwide sustainable development initiatives, including A New Beginning to Build the Human Being, and Decent Life. Initiatives of such magnitude and aims may come to fruition only through paying due attention to human development, most notably mental, cognitive, psychological, and spiritual welfare. 2. The new platform features three main phases, the first of which is due for launch on 18 June 2025; with an unlimited room for scaleup. It is meant to achieve all its milestones up to sustainability by mid 2027. 3. The first phase includes 60,000 pages; making it the biggest religious platform in the whole world. 4. By the end of all milestones, the platform is meant to hit a staggering count of several million pages. 5. The platform is expected to be coupled with a smart phone app (phase 3) and a translation-based scaleup into several languages. 6. The platform approaches religious issues from various angles, including legal, linguistic, philosophical, sociological, medical, historical, and other perspectives. 7. The platform adopts a moderate line of thought that seeks to promote the true, great values of Islam. 8. Artificial Intelligence (AI) and chatbot features are to be expected as part of the operational and interactive functions of phase three of the platform. 9. The approach adopted for the platform is set to renew Islamic religious discourse in a way that preserves the fundamentals of faith, regards as humanized -rather than deified- Islamic scholarly heritage, and views with an all-inclusive eye the history of Islam. 10. The platform is based on the Al-Azhary's four-part strategy: (a) confronting religious extremism, (b) confronting irreligious extremism, (c) character building, and (d) civilizational revival and contribution. Make no mistake, it is a historic moment of a historic product for the good of Egyptians, Muslims, and the whole word.
New York Post
16-06-2025
- Politics
- New York Post
Thousands of Iranians flee Tehran after Israel warns more attacks are coming
Thousands of Iranians are fleeing Tehran after the Israeli military warned civilians to evacuate the capital over more bombardments to come. Yesterday's exodus carried on into Monday with traffic jams out of Tehran becoming the norm as panicked citizens rush to avoid the looming airstrikes on the fourth day of missile exchanges between Israel and Iran. The exodus is mainly driven by the lack of public bomb shelters in Tehran, where residents are expected to hide out the strikes in either their basements or in the subway. 3 Map showing the approximate 1,500 kilometer distance between Israel and Iran. Israel Defense Forces 3 A series of explosions rocked Tehran on Sunday, June 15, 2025. Mohamed Ali BERNO/SIPA/Shutterstock 'My parents are scared. Every night there are attacks, no air raid sirens, and no shelters to go to,' fleeing resident Arishia, 29, told Reuters. 'Why are we paying the price for the Islamic Republic's hostile policies?' 3 Flames rise from an oil storage facility after it appeared to have been struck by an Israeli missile in Tehran. AP Iranian authorities have dismissed the evacuation warnings from the Israel Defense Forces as nothing more than 'psychological warfare,' calling on residents at the capital to remain calm. Tehran's words, however, have done little to reassure its citizens as many fear they'll run out of time to evacuate before the next set of missiles hit. With Post wires
