TMG deepens Saudi ties with new PIF real estate agreement

Good morning, folks.

Banque du Caire’s long-awaited IPO hit the snooze button again

WISH THIS MORNING’S ISSUE was a podcast? We’ve got you. Tap or click here or while stomping around the house wondering where the [redacted] you left your [redacted] reading glasses.

TMG lands another PIF tie-up

Saudi’s Public Investment Fund (PIF) signed an MoU with Talaat Moustafa Group (TMG) to explore mixed-use real est ate projects across the fund’s developments in KSA statement

TMG has been sharpening Saudi ties for a while now. building Banan separate tie-up

The c ountry’s first comprehensive airborne mineral survey in 42 years is set to wrap by end-2027 at a total cost of USD 60 mn last month

Why it matters: authority’s structural conversion

USD 53.13 bn — that’s where our net foreign reserves stood at the end of May data (pdf)

WEATHER- It’s another hot day in Cairo

It’s nicer in Alexandria

You’ve spent decades building wealth, and the question now isn’t how to make money — it’s how to make sure it survives you, works across borders, and doesn’t quietly erode while you’re not looking. The rules have changed. Egyptian real estate, once a near-guaranteed store of value, is competing with markets in Greece, Spain, and Dubai.

Whether it’s art as an asset, crowd-funding, or the tax implications quietly stacking up behind that second passport, the toolkit for serious capital deployment has expanded faster than most conventional advice — or most advisors — have.

In Issue 3 of Money Matters

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The big story abroad

Iran's first strike o n Israel since the April ceasefire and Israel’s retaliatory salvo are leading today’s news cycle.

Israel must accept a truce, Trump says: said pressed

Speaking of which: publicly urged

A new and improved ChatGPT: biggest revamp

Meanwhile, a high stakes battle unfolds in Italy’s banking sector: teamed up

*** It’s Blackboard day: