{"id":555040,"date":"2021-11-30T13:41:24","date_gmt":"2021-11-30T13:41:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/30\/tonight-esg-related-bonds-are-coming-to-the-egx-the-unvaxed-can-probably-still-go-to-the-bank-plus-new-vaccines-for-omicron\/"},"modified":"2021-11-30T13:41:24","modified_gmt":"2021-11-30T13:41:24","slug":"tonight-esg-related-bonds-are-coming-to-the-egx-the-unvaxed-can-probably-still-go-to-the-bank-plus-new-vaccines-for-omicron","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/30\/tonight-esg-related-bonds-are-coming-to-the-egx-the-unvaxed-can-probably-still-go-to-the-bank-plus-new-vaccines-for-omicron\/","title":{"rendered":"TONIGHT: ESG-related bonds are coming to the EGX + the unvaxed can (probably) still go to the bank. Plus: New vaccines for Omicron?"},"content":{"rendered":"<p><strong>Happy hump day, friends.<\/strong> It\u2019s not quite a news dump day \u2014 as is typical of Tuesdays \u2014 but it is a relatively brisk news day with several important stories to keep your eye on.<\/p>\n<p><strong>THE BIG STORY TODAY- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Market regulator adds ESG-related instruments to Egypt\u2019s bonds menu:<\/strong> Companies in Egypt will soon be able to list social, ESG, gender equality and women\u2019s empowerment, and sustainable development bonds on the EGX after the Financial Regulatory Authority (FRA) approved amendments to the executive regulations of the Capital Markets Act today, according to a <a href=\"http:\/\/enterprisemea.com\/wp-content\/uploads\/2021\/11\/FRA-approves-four-new-bonds.pdf\">statement (pdf)<\/a>. The rollout of these bonds aim to support Egypt\u2019s Vision 2030 in the areas of sustainability, gender equality, ESG, and social equity \u2014 the same way the introduction of <a href=\"https:\/\/enterprisemea.com\/stories\/2020\/09\/30\/egypt-sells-usd-750-mn-of-sovereign-green-bonds-in-maiden-issuance-22640\/\">green bonds in 2020<\/a> was meant to aid Egypt\u2019s transition to a green economy.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>WATCH THIS SPACE- <\/strong>Citizens won\u2019t be able to get into a post office branch or government facility starting tomorrow without proof of vaccination or a negative PCR test. The Madbouly cabinet had issued a decision <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/263295219174239\">last month<\/a> barring citizens from entering government facilities as of tomorrow. Egypt Post will be abiding by the rules as of tomorrow, with an internal circular distributed to all branches, a senior Egypt Post source confirmed to Enterprise.<\/p>\n<p><strong>You might be able to go to the bank, though:<\/strong> Customers can still enter bank branches without showing proof of vaccination, as long as they are wearing a face mask and adhering to other precautionary measures, Federation of Egyptian Banks Chairman Mohamed El Etreby <a href=\"http:\/\/enterprisemea.com\/wp-content\/uploads\/2021\/11\/FEB-Statement.pdf\">said in a statement (pdf)<\/a>. These rules will remain in place until banks get official orders to do otherwise, according to El Etreby. Local Development Ministry spokesperson Khaled Qassem had said <a href=\"https:\/\/enterprisemea.com\/stories\/2021\/11\/29\/this-morning-its-going-to-be-harder-for-the-un-vaxed-to-access-banks-post-offices-govt-facilities-from-1-dec-switzerland-imposes-travel-restrictions-on-travellers-from-egypt-as-omic\/\">earlier this week<\/a> that the cabinet\u2019s decision would extend to post offices and banks.<\/p>\n<p><strong>HAPPENING NOW-<\/strong><\/p>\n<p><strong>Spanish Prime Minister Pedro S\u00e1nchez is in town<\/strong> to discuss bilateral relations, economic and political cooperation and strategic ties, the <a href=\"https:\/\/www.facebook.com\/EmbajadaDeEspanaEnElCairo\/posts\/1971958789640679\">Spanish embassy in Egypt said<\/a>. S\u00e1nchez is leading a delegation of business leaders, the statement says.<\/p>\n<p><strong>The <\/strong><strong><a href=\"https:\/\/www.egyptdefenceexpo.com\/\">Egypt Defense Expo (EDEX)<\/a><\/strong><strong> continues today<\/strong> and runs until this Thursday, 2 December. Some 400 international manufacturers and suppliers are showcasing military equipment and defense technologies at New Cairo\u2019s International Exhibition Center.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>SODIC board oks takeover bid:<\/strong> SODIC\u2019s board of directors <a href=\"https:\/\/enterprisemea.com\/stories\/2021\/11\/30\/sodic-approves-aldar-offer-despite-falling-short-of-fair-value-report-benchmark-59445\/\">has approved<\/a> a bid from Aldar Properties and ADQ despite the offer price falling short of the benchmark set in a fair value report.<\/li>\n<li><strong>The PM now has emergency pandemic powers:<\/strong> A law handing the prime minister extraordinary powers to respond to pandemics and public health crises <a href=\"https:\/\/enterprisemea.com\/stories\/2021\/11\/30\/president-ratifies-law-handing-prime-ministers-expanded-powers-during-pandemics-59446\/\">was ratified<\/a> by President Abdel Fattah El Sisi yesterday.<\/li>\n<li><strong>More African exports ahead:<\/strong> The government <a href=\"https:\/\/enterprisemea.com\/stories\/2021\/11\/30\/govt-wants-to-raise-africa-exports-to-usd-7-bn-in-2022-59447\/\">wants to increase<\/a> the value of exports to Africa to USD 7 bn in 2022 and USD 10 bn by 2025 as part of a broader plan to boost trade with the continent.<\/li>\n<\/ul>\n<p><strong>THE BIG STORY ABROAD-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>We\u2019ll need new vaccines for Omicron \u2014 and it will probably take months, says Moderna<\/strong><strong> CEO: <\/strong>Currently available covid-19 vaccines are probably going to be significantly less effective against Omicron, which has a \u201chigh number\u201d of mutations on the spike protein, than they were against the delta variant, Moderna CEO St\u00e9phane Bancel tells the <a href=\"https:\/\/www.ft.com\/content\/27def1b9-b9c8-47a5-8e06-72e432e0838f\">Financial Times<\/a>. That means vaccines will need to be modified, but it will likely take months before pharma companies will be able to produce \u201cnew variant-specific jabs at scale.\u201d<\/p>\n<p><strong>But previous vaccines will still provide some level of protection<\/strong>, European Medicines Agency executive director Emer Cooke told the European Parliament, according to <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/hong-kong-expands-travel-curbs-omicron-fears-australia-reports-5-cases-2021-11-30\/\">Reuters<\/a>.<\/p>\n<p><strong>Boosters for all:<\/strong> The US Centers for Disease Control and Prevention <a href=\"https:\/\/www.cdc.gov\/media\/releases\/2021\/s1129-booster-recommendations.html\">is recommending<\/a> that everyone aged 18 years and up should get a booster shot to help improve protections against potential Omicron risks. Egypt is also rolling out booster shots to vulnerable people and the elderly soon, the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a24b8319-2d18-40e7-93fc-86aa7f9d5f8f\">government<\/a> announced last week.<\/p>\n<p><strong>Nonetheless, the statements from Moderna got the markets in a bind: <\/strong>Responding quickly to the news, the Stoxx Europe is currently down almost 1%<sup><\/sup>, Tokyo's Nikkei index ended today\u2019s session down 1.6%. WTI futures for January are down 2.8% to USD 68.09\/bbl while Brent crude slipped 3.1% to USD 71.17\/bbl as of dispatch time.<sup><\/sup><\/p>\n<p><strong>Oil losses give us March 2020 d\u00e9j\u00e0vu:<\/strong> Oil prices plunged 19% in November in the biggest monthly loss since the early days of the pandemic in March 2020, when the onset of covid smashed global consumption, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-29\/oil-pushes-higher-as-traders-weigh-omicron-risks-opec-meeting?srnd=premium-middle-east\">Bloomberg<\/a>.<\/p>\n<p><strong>Winter Olympics are still on: <\/strong>China is undeterred by Omicron and is on track to hold the Winter Olympics and Paralympics in Beijing, in roughly 65 days, Foreign Ministry spokesperson Zhao Lijian said at a presser today, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-30\/china-vows-omicron-won-t-derail-beijing-winter-olympics?srnd=premium-middle-east\">Bloomberg<\/a>. The new variant will pose challenges to prevention and control, but China\u2019s experience in coping with the pandemic will not force it to cancel the event, the spokesperson said.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>FOR TOMORROW-<\/strong><\/p>\n<p><strong>It\u2019s a new month tomorrow.<\/strong> The key news triggers to keep your eye on at the start of December:<\/p>\n<ul>\n<li><strong>PMI:<\/strong> Purchasing managers\u2019 index figures for November for Egypt, Saudi Arabia, and Qatar will be released on Sunday, 5 December. Figures for the UAE, which normally come out on the same day as Egypt and Saudi, will be released two days later on Tuesday, 7 December.<\/li>\n<li><strong>Foreign reserves:<\/strong> November\u2019s foreign reserves figures will be released during the first week of the month.<\/li>\n<li><strong>Inflation:<\/strong> Inflation figures for November will be released on Thursday, 9 December. Data for inflation typically appears on the 10th of every month, but is moved up one day if that falls on a Friday.<\/li>\n<li><strong>Interest rates:<\/strong> The Central Bank of Egypt\u2019s Monetary Policy Committee will hold its final meeting for the year to review interest rates on Thursday, 16 December.<\/li>\n<\/ul>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Young professionals can now apply for the recently-launched McKinsey Forward <\/strong><strong>program <\/strong>which focuses on leadership, business, and the transition to digital, McKinsey announced in a <a href=\"https:\/\/ent.news\/2021\/11\/Forward-Launch-Press-Release_ENG.pdf\">press release (pdf)<\/a>. The six-month program aims to teach participants how their business can combat challenges and use them to their advantage, integrate tech, and be adaptable and resilient during times of change. Forward will be available without charge to those eligible to apply, and one of the requirements is having less than five years of work experience. You can apply <a href=\"https:\/\/www.mckinsey.com\/forward\/locations\/middle-east\">via this link<\/a> before the 12 December deadline.<\/p>\n<p><strong>You have until 24 January to submit your local project proposals to Germany\u2019s KfW<\/strong><strong> Development Bank\u2019s <\/strong>investing for <a href=\"https:\/\/ent.news\/2021\/11\/2021-11-30_FINAL_EGY-Launch-en.pdf\">employment facility (pdf)<\/a>.<sup><\/sup> The bank will give grants to projects that drive job creation, especially those that are considered green. You can find more information on how to <a href=\"https:\/\/invest-for-jobs.com\/en\/investing-for-employment#top\">apply here<\/a>.<\/p>\n<p><strong>The new round of Silicon Waha\u2019s Startup Factory will kick off<\/strong> on 10 December at the Assiut Technology Zone. The program will offer marketing tips and tricks for startup founders, who can apply <a href=\"https:\/\/bit.ly\/Startupfactory\">here<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>The week\u2019s weather is sticking to 22\u00b0C during the day starting tomorrow, with nighttime lows between 12-15\u00b0C, our favorite weather app tells us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Happy hump day, friends. It\u2019s not quite a news dump day \u2014 as is typical of Tuesdays \u2014 but it is a relatively brisk news day with several important stories to keep your eye on. THE BIG STORY TODAY- Market regulator adds ESG-related instruments to Egypt\u2019s bonds menu: Companies in Egypt will soon be able [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7213],"tags":[116,107,633,229,76,375,871,3035,162,227,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555040","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-china","tag-covid-19","tag-enterprisepm","tag-esg-bonds","tag-financial-regulatory-authority","tag-gender","tag-regulation-watch","tag-social-bonds","tag-sports","tag-sustainable-development-bonds","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"1cc3d90f-0e69-4b9b-a35c-c70f398d958f","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[555038],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>TONIGHT: ESG-related bonds are coming to the EGX + the unvaxed can (probably) still go to the bank. 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THE BIG STORY TODAY- Market regulator adds ESG-related instruments to Egypt\u2019s bonds menu: Companies in Egypt will soon be able [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/30\/tonight-esg-related-bonds-are-coming-to-the-egx-the-unvaxed-can-probably-still-go-to-the-bank-plus-new-vaccines-for-omicron\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-11-30T13:41:24+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/30\/tonight-esg-related-bonds-are-coming-to-the-egx-the-unvaxed-can-probably-still-go-to-the-bank-plus-new-vaccines-for-omicron\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/30\/tonight-esg-related-bonds-are-coming-to-the-egx-the-unvaxed-can-probably-still-go-to-the-bank-plus-new-vaccines-for-omicron\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"TONIGHT: ESG-related bonds are coming to the EGX + the unvaxed can (probably) still go to the bank. 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Think green bonds, but instead of financing energy efficiency and renewable energy initiatives, the money can be channeled into\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/272.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578563,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/04\/finmin-launches-framework-on-sustainable-sovereign-bonds\/","url_meta":{"origin":555040,"position":2},"title":"FinMin launches framework on sustainable sovereign bonds","author":"enterpriseam admin","date":"4 January 2023","format":false,"excerpt":"The Finance Ministry has officially launched its new framework for issuing sustainable sovereign debt, according to a ministry statement (pdf). The framework will allow the state to raise money for a wider range of social and environmental projects \u2014 including the Decent Life initiative \u2014 through the issuance of sustainable\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/65.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":551512,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/22\/is-esg-sovereign-debt-next-in-line-for-the-guillotine\/","url_meta":{"origin":555040,"position":3},"title":"Is ESG sovereign debt next in line for the guillotine?","author":"enterpriseam admin","date":"22 June 2022","format":false,"excerpt":"ESG equities have been under fire \u2014 but ESG bond funds appear more resilient: While some investors have turned their backs on ESG-focused equity funds amid greenwashing criticism, ESG funds that track bonds don\u2019t appear to have been tarred with the same brush.The difference in performance between ESG equities and\u2026","rel":"","context":"In &quot;Finance&quot;","block_context":{"text":"Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/479.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566780,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/13\/egx-listed-companies-nbfs-players-will-face-mandatory-esg-disclosures\/","url_meta":{"origin":555040,"position":4},"title":"EGX-listed companies + NBFS players will face mandatory ESG disclosures","author":"enterpriseam admin","date":"13 July 2021","format":false,"excerpt":"Mandatory ESG reporting requirements are coming for EGX-listed companies and just about all NBFS players under a decree issued by the Financial Regulatory Authority (FRA), which will force corporates to report on key environmental, social and governance metrics and principles each year at the same time as they file their\u2026","rel":"","context":"In &quot;SPEED ROUND: CAPITAL MARKETS&quot;","block_context":{"text":"SPEED ROUND: CAPITAL MARKETS","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/406.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546333,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/12\/another-step-towards-sustainable-bonds\/","url_meta":{"origin":555040,"position":5},"title":"Another step towards sustainable bonds","author":"enterpriseam admin","date":"12 May 2022","format":false,"excerpt":"Cabinet backs sustainable development agenda: Ministers have approved a plan by the Finance Ministry to broaden its green financing framework to include sustainable development bonds, allowing the state to raise money for a wider array of social and environmental projects, cabinet said in a statement following its weekly meeting yesterday.Wait,\u2026","rel":"","context":"In &quot;Cabinet watch&quot;","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/150.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=555040"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555040\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/555038"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=555040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=555040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=555040"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=555040"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=555040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}