Good afternoon, all. It is a relatively quiet day in local business news as we enjoy the last of the August news slowdown.

THE BIG STORY TODAY-

More Japanese schools to come: The government has plans to expand the network of Japanese schools in the country to 1.7k by the end of the fiscal year 2026-2027, according to a statement. There are also plans to set up 62 Japanese technological and vocational schools by then.

Japanese schools are no stranger to the local market, with the Education Ministry rolling out Egyptian-Japanese schools across the country over the past few years as part of a partnership with Japan. We dove deeper into the topic in a Blackboard published in 2022.

THE BIG STORY ABROAD-

No single story is leading the conversation in the international press this afternoon: Bloomberg is out with its poll on the Israeli central bank’s next move when it meets this afternoon, while the Financial Times is looking at China’s plan to take USD bns of bonds to market this year and what this could mean for its treasury market. CNBC remains hyperfixed on Canada’s decision to impose 100% import tariffs on Chinese EVs, which one journalist called a shot in the foot.

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

  • A mega phosphoric acid plant in the works set to give the local fertilizer industry a boost: A local consortium led by Abu Tartour For Phosphoric Acid will set up a USD 1.2 bn phosphoric acid production plant.
  • Indian investments incoming? Head of the Trade Ministry’s Commercial Representation Authority Yehia El Wathek Bellah held a series of meetings with representatives from major Indian companies to discuss potential investments in Egypt.
  • That’s a wrap on Africa’s largest tech merger: Egyptian B2B e-commerce platform MaxAB and Kenya-based Wasoko have completed the largest tech merger the continent has ever seen.

☀️ TOMORROW’S WEATHER- The mercury is peaking in Cairo tomorrow at 36°C before simmering to a low of 25°C by nightfall, according to our favorite weather app. It’s a little cooler in Sahel and Alexandria, with highs of 31-33°C and lows of 24-25°C.

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