The International Finance Corporation could provide USD83 million to an Emirati-Japanese consortium to part-fund their planned 500 MW wind farm in Ras Ghareb.

An EGX subsidiary has signed an agreement with the Agricultural Bank of Egypt and Libra Capital to establish Libra Carbon, the first Egyptian company to develop, manage, and issue carbon certificates.

Building materials exports recorded USD5.1 billion during 9M2022, up 7% YoY.

Egypt launched the “A decent life (Haya Karima) for Africa resilient to climate change” initiative during COP27.

An agreement allowing diplomats to officially debate for the first time who should pay for damage sustained by the countries most vulnerable to climate change was announced on the first day of COP27.

SKPC 3Q22 net profit came in at EGP276 million (+27% QoQ, +268% YoY), bringing 9M22 net profit to EGP744 million, up 108% YoY. 

SWDY is planning to bid, in a consortium, for water desalination stations this month. 

SVCE 3Q22 net profit reached EGP33.3 million, versus losses of EGP67.4 million in 3Q21, shrinking 9M22 losses to EGP84 million versus losses of EGP143 million in 9M21.

CIRA closed its EGP800 million future flow issuance as part of a larger EGP2 billion future flow securitized bond program.

EGTS’s court date for the 20.0 million sqm third phase Sahl Hasheesh land plot lawsuit is postponed to 10 December 2022.

CPCI 1Q22/23 net profit increased 163.8% QoQ and 4.8% YoY to record EGP39 million.

EasyJet is coordinating with 71 hotels in Hurghada and Sharm El Sheikh in an effort to bring in more British tourists.