Good afternoon all of you wonderful people, and welcome to the weekend. Read on for all the news, views, and reviews to get your Thursday night started off right.

THE BIG STORY TODAY

SCZone and Orascom Industrial Parks ink land agreement for a EGP 13 bn industrial complex: The Suez Canal Economic Zone (SCZone) has signed a land usufruct agreement with Orascom Industrial Parks for the 3.3 sq km area in Sokhna Industrial Zone earmarked for Orascom Industrial Parks’ EGP 13 bn integrated industrial complex, the SCZone said in a statement. The complex — which initially got the SCZone greenlight back in March — will include all the necessary infrastructure and utilities for a range of industries and manufacturers, according to the statement.

THE BIG STORY ABROAD

ICC issues arrest warrants for Netanyahu and Gallant: The International Criminal Court (ICC) has issued arrest warrants for Israeli PM Benjamin Netanyahu and his recently sacked defense minister Yoav Gallant for alleged war crimes and crimes against humanity, Reuters reports. The arrest warrants come after ICC prosecutor Karim Khan said in May that he would seek arrest warrants for the two leaders behind Israel’s ongoing genocide in Gaza. The ICC issued an additional arrest warrant for Hamas leader Ibrahim Al Masri, who Israel claims to have killed in July.

Meanwhile, Israel continued to bombard Gaza and Lebanon even as White House envoy Amos Hochstein — currently in Israel after a stint in Lebanon earlier this week — noted significant progress toward an Israel-Lebanon ceasefire, Reuters reports. Israeli forces bombed five packed residential buildings in Gaza’s embattled Beit Lahiya this morning, with rescue operations still underway, while three were killed by an Israeli rocket attack in southern Lebanon.

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

  • Egypt’s fourth IMF review is set to wrap by tomorrow, with only procedural stagesleft before the Fund’s Executive Board formally greenlights the decision that will unlock USD 1.3 bn in financing.
  • Yesterday was a big day for renewables investments and UAE-Egypt relations, with senior private and public sector figures from the two countries inking numerous investments for projects across the length and breadth of the country.
  • Wrapping up an earnings-heavy week, EFG Holding and Qalaa Holdings are also out with their latest set of financials.

☀️ TOMORROW’S WEATHER- We’re seeing a warmer morning and a cooler evening tomorrow with a high of 28°C and a chilly low of 16°C, according to our favorite weather app.

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