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Infrastructure 
Gov’t to forego EGP 800 bn in tax revenues in favor of broader tax base
The government could raise tax-free annual wages for employees by up to EGP 12k.
MPs greenlight draft laws to simplify SME tax regime, give late payment amnesty, speed up dispute settlement
ALSO- The Economic Committee approved a framework agreement with the African Development Bank
Budget supermarket chain Kazyon is set to fully acquire Minya’s Upper Egypt for Concentrates. PLUS: Tanmiya Capital Ventures + Vital Pharma, Bel Egypt, Pickalbatros, Bolt, Akh Gold, Erada Microfinance
The acquisition will be financed via a capital increase of an unspecified size
Flend secures Egypt’s first digital NBFI license for SME finance
Flend offers tech enabled, data driven financing solutions to SMEs in Egypt
Oliv receives Egypt’s first digital factoring license
Oliv will extend invoice-financing to SMEs in under 48 hours
Holding Company for Roads and Bridges looks to secure USD 500 mn worth of Iraqi rail projects. PLUS: Mermec, Fawry, Amoun + Atlas, EBRD + CIB
Iraq has a plan to spend USD 100 bn on infrastructure over the next three years
Vodafone International Services, Raya CX, and others given greenlight to open new call centers. PLUS: GlaxoSmithKline, NHS + EHA, MSMEDA + Tanmiya Capital Ventures
The government wants to see digital outsourcing services bring USD 9 bn into the economy annually as of 2026
EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power’s 1.1 GW Gulf of Suez wind farm
When operational, the project will offset 2.4 mn tons of carbon dioxide annually and produce enough power for nearly 1.1…
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