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AI + Innovation (MENA) 
Infrastructure 
Export subsidies to be paid out today + Apple to start charging 14% VAT through Egypt App Store
Tax amendments require non-resident service providers like big tech firms to pay VAT
Meet our founder of the week: Himanshu Shrimali, cofounder and CEO of Menthum
Menthum is Egypt’s first digital money market fund
A record 1H for covered bonds + Does BTC have a bright future?
Banks sold a record EUR 175 bn of the ultra-safe bonds in 1H 2023
Two startups raise cash, aiBank onboarded to Instapay
The startup has now raised USD 1.25 mn to date
Chinese delegation visits SCZone
Chinese firms recently agreed to invest hundreds of mns of USD in the zone
Global VC funding fell off a cliff in 1H 2023
VC firms paid out 48% less y-o-y in 1H as tighter conditions drove risk-off sentiment
Threads is here + The planet just had its warmest week on record
Analysts think the new Meta platform has solid potential to unseat Twitter
My Morning Routine: Tarek Seif El Nasr, head of venture growth, Falak Startups
“The best piece of advice I’ve received? Don’t leave anything to chance.”
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