Why net-zero can mean net profit

Exclusive content: At the upcoming global stocktake at COP28, the UN’s annual climate change conference, the world’s attention will focus on a single goal: we have just six years to reduce carbon emission emissions by 43 percent. To keep global warming to 1.5°C above pre-industrial levels, total emissions must peak…

EDEX 2023: Egypt’s AOI, France’s Safran Engines sign agreement for aircraft engine maintenance, manufacturing

Egypt’s Arab Organization for Industrialization (AOI) and France’s Safran Engines, a leading French aerospace company, have signed a joint cooperation agreement for the overhaul, repair, maintenance, and manufacturing of spare parts for the LARZAC engine. This agreement marks a significant step forward in Egypt’s localization of advanced manufacturing technologies in…

Integrated data will power the green hydrogen age

Green hydrogen holds great promise for meeting the world’s future energy needs. Strong demand for hydrogen and the adoption of clean technologies for its production will play a significant role in decarbonizing sectors such as heavy industry, manufacturing and transport.  And it needs to with the industrial sector accounting for…

CIB champions climate initiatives at COP28 in Dubai

Egypt’s Commercial International Bank (CIB), the nation’s leading private sector bank, actively participated in the World Economic Forum (WEF) panel at COP28 in Dubai. The discussion, titled “Accelerating Climate Action in the Middle East and North Africa,” centered on fostering public-private partnerships and advancing net-zero strategies, including regional carbon markets…

Egypt’s trade deficit sees 10.3% surge in September 2023

The Central Agency for Public Mobilization and Statistics released its September 2023 “Foreign Trade Data” bulletin, revealing a 10.3% increase in the trade deficit, reaching $3.14bn compared to $2.84bn in the same month last year. Export values saw a 33.7% decline, amounting to $2.94bn in September 2023, down from $4.44bn…

ADCB launches first sustainable corporate account in Egypt

Abu Dhabi Commercial Bank (ADCB) Egypt has taken a groundbreaking step by introducing the first sustainable corporate account in the country, aligning with its sustainability goals and Egypt’s Sustainability Strategy 2030. This initiative supports companies in managing funds with a focus on sustainable economic practices and is in sync with…