Awqaf offers 41k sqm Rawd El Farag plot for private partnership

Good morning, ladies and gents.

And say hello to hedge funds.

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Upgrading Rawd El Farag

The Awqaf Authority is putting a 41k-sqm plot at the former Rawd El Farag market site in Cairo up for development through a private-sector partnership

The site does not come with a fixed master plan:

Larger Awqaf pipeline: back in May

There is plenty more property to put to work: wider government push

Another shot at fund exemptions

The EGX wants the government to broaden tax exemptions for investment funds third tax-facilitation package capital-market tax committee

The Tax Authority wants to see the numbers first:

The proposed fund exemptions have been on the drawing board since last year. during 2025 in February 2026

Precious-metal funds have grown quickly in the meantime. 329k investors and EGP 9.35 bn in assets EGP 471 bn in net asset value

Emaar Misr’s board referred a finalized acquisition study for up to 100% of affiliate company Sky Tower to its investment committee bourse disclosure (pdf) May 2024 EGP 900 bn coastal megaproject

What we know: splits the transaction into two parts

USD 3.99 bn — that’s where Egypt’s trade deficit stood in May Capmas data

Destination Sahel Issue III drops this week, and we’re diving into how the North Coast is adapting to a changing market.

Developers are recalibrating as buyer behavior shifts, luxury retail is carving out a bigger piece of Sahel’s economy, and the wellness and sports scene has become a summer destination on its own.

In this issue, we get into what’s actually changing on the ground, from how developers are adjusting their pitch to where to shop and how to stay active this season.

Coming straight to your inbox on Wednesday, 12 August.

WEATHER- It’s another hot day in Cairo today

It’s a bit nicer in Alexandria

The big story abroad

Today’s front pages are led by geopolitical developments on two fronts rather than corporate news.

Hormuz resolution stalls: signaled

Tehran reiterated that it will not engage in direct talks with the US has resigned

On the Hamas-Israel front: rejected

Asia’s carmakers swoop in on US market: have capitalized

China shifts strategy to fund tech scene: Bloomberg

*** It’s Blackboard day: