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Infrastructure 
US-based Sultan Ventures acquires homegrown startup investor Acasia Group
The acquisition creates a new US-MENA bridge
New tax incentives seek to ease burdens for taxpayers, resolve disputes, and incorporate more taxpayers into the system
Plus — what we’ve heard on the batch of incentives expected next week
Palm Hills to embark on USD 300 mn project to set up 15 Saudi schools. PLUS: Contact Financial, Brotinni, ISIS Organic, EFG Hermes, Ayadi, Vacsera
The developer also has plans to set up ten schools in the Egyptian market
T&C Garments readies investments to up production 30% 2026. PLUS: Madinet Masr, Urban Development Fund, ZeroCarbon, ERG Development
The investments will go towards adding new production lines, as well as replacing and restoring older machines
Al Baraka Capital readies sharia-compliant industrial investment-, sport-focussed funds
Al Baraka Capital is also currently working on three sukuk issuances worth EGP 9 bn
State exits microfinance player Tamweely after EGP 2.8 bn buyout by int’l consortium
The acquisition comes just ahead of our fourth IMF loan program review in late September
Egypt inks over USD 1.1 bn worth of agreements and MoUs at Forum on China-Africa Cooperation
The agreements include a host of new industrial facilities in the SCZone and investments in the telecommunications sector
French state’s Business France to co-host forum to promote Egypt-France trade, investments with GAFI
Good morning, everyone, and welcome to the first day of the workweek. Kicking off the week is news that at…
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