Good afternoon, friends, and happy hump day. It’s looking like a brisk Tuesday here at home so far, bringing us a range of stories across the news cycle.

THE BIG STORY TODAY

Chinese companies are investing USD 14.75 bn in SCZone projects: Chinese companies signed agreements to invest a total of USD 14.75 bn in energy projects in the Suez Canal Economic Zone (SCZone) during the Belt and Road Forum in Beijing today, according to a cabinet statement. The agreements include a USD 6.75 bn agreement with China Energy to set up a new green fuel production project, as well as a USD 8 bn agreement with United Energy for a renewable energy-powered potassium chloride production facility, according to the statement.

THE BIG STORY ABROAD

Updates on the ongoing Israeli-Palestinian conflict continue to lead the conversationin the international press, with US President Joe Biden’s expected visit to Tel Aviv tomorrow on the front pages of Reuters, the Financial Times, and the Wall Street Journal.

** CATCH UP QUICK on the top stories from today’s EnterpriseAM:

  • Biden is heading to Israel + Jordan as the IDF prepares an invasion of Gaza: President Abdel Fattah El Sisi will meet US President Joe Biden in Amman tomorrow as global leaders try to find a way to get aid into Gaza and prevent the conflict from spilling over into a regional war. The two leaders will be joined by Jordan’s King Abdullah and Palestinian Authority President Mahmoud Abbas.
  • Egypt closed its maiden panda bond issuance in China yesterday with a CNY 3.5 bn (USD 478.7 mn) issuance.
  • The European Bank for Reconstruction and Development (EBRD) is considering lending USD 325 mn to four local banksfor on-lending to local SMEs and green projects.

☀️ TOMORROW’S WEATHER- Expect the mercury to rise to a high of 30°C during the day and cool to 23°C in the evening, according to our favorite weather app.

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