{"id":87884,"date":"2024-11-11T00:00:00","date_gmt":"2024-11-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/ebrd-to-launch-climate-risk-tool-with-qnb-for-egyptian-smes\/"},"modified":"2024-11-11T00:00:00","modified_gmt":"2024-11-11T00:00:00","slug":"ebrd-to-launch-climate-risk-tool-with-qnb-for-egyptian-smes","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/11\/11\/ebrd-to-launch-climate-risk-tool-with-qnb-for-egyptian-smes\/","title":{"rendered":"EBRD to launch climate risk tool with QNB for Egyptian SMEs"},"content":{"rendered":"

GREEN FINANCE-<\/p>\n

EBRD <\/strong>introduces climate<\/strong> risk tool for sustainable financing in Egypt: <\/strong>The European Bank for Reconstruction and Development (EBRD), in partnership with QNB Egypt, is piloting a climate-risk assessment tool tailored to Egyptian conditions, according to a press release<\/a> from Friday. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

The details: <\/strong>This tool will enable QNB to evaluate and monitor climate-related risks in its loan portfolio, aligning lending practices with international sustainability standards. The news was announced as part of a 50-50 risk-sharing facility agreement that would see the EBRD contributing EUR 35 mn to support QNB\u2019s on-lending to SMEs.<\/p>\n

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M&A WATCH- <\/p>\n

Marafiq completes acquisition of Veolia\u2019s stake in Jeddah sewage plant:<\/strong> Saudi\u2019s Power and Utility Company for Jubail and Yanbu (Marafiq) has fully acquired France\u2019s Veolia Middle East\u2019s 51% stake in Jeddah Althaniya Operation and Maintenance Company<\/a> \u2014 a special vehicle company owning an independent sewage treatment plant in Jeddah, according to a Saudi exchange disclosure<\/a>. The special vehicle company \u2014 initially a joint venture between Marafiq and Veolia \u2014 has a capital of SAR 300k, and the acquisition is expected to generate an additional SAR 75 mn in net income for Marafiq over the 25-year project agreement. <\/p>\n

CONSERVATION- <\/p>\n

Malaysia\u2019s SFC + Mubadala to collaborate on mangrove rewilding: <\/strong>The UAE\u2019s Mubadala Energy and Malaysia\u2019s Sarawak Forestry Corporation (SFC)<\/a> agreed to partner on a mangrove rewilding pilot project in Kuching Wetland National Park in Sarawak State, Dayak Daily<\/a> reports. The pair aim to work on conservation and promoting knowledge exchange between energy producers to ensure their sector does not negatively impact the environment. The pilot project will begin next year. <\/p>\n

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n