MENA+ Edition 
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AI + Innovation (MENA) 
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India is building its North Africa ties piecemeal, forgoing a regional corridor
New Delhi’s patchwork of trade agreements is partly by design, allowing each agreement to cater to each partner’s interests
Gulf IPO slump sends bankers looking elsewhere as Citi bets the window reopens
Plus: MNT-Halan’s Egypt arm earns EGX approval for IPO
The region’s non-oil private sector had a better month in August
Lebanon and Qatar non-oil private sector’s contraction accelerated, and Egypt remained in contraction territory despite a slight improvement
Xi’s first Egypt visit in a decade delivers frameworks as Chinese money spreads across sectors
Some major headline agreements, including an anticipated Huawei chip or data center deal, remained unannounced
Sandbox trial puts Egypt on the same tokenization track the UAE has been running since 2023
The Gulf is already tokenizing sovereign funds, physical assets, and Apple stock. Egypt is starting with a money market ledger
China’s Xi lands in Cairo as Beijing pushes to convert its Africa tariff window into permanent FTAs
PLUS: US Treasury moves to cut Banque Misr’s UAE branch off from the USD system over alleged Iran links
About 88% of MENA VC capital raised since 2024 is still on the sidelines
Saudi is drawing the lion’s share of what has gone out
Egypt and Germany showed up at the Damascus fair. Saudi signed actual deals.
The 63rd Damascus International Fair is a snapshot of who’s still in the courting phase and who’s already contracting there
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