{"id":579757,"date":"2022-11-17T13:25:08","date_gmt":"2022-11-17T13:25:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/were-almost-at-the-cop-finish-line\/"},"modified":"2022-11-17T13:25:08","modified_gmt":"2022-11-17T13:25:08","slug":"were-almost-at-the-cop-finish-line","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/were-almost-at-the-cop-finish-line\/","title":{"rendered":"We\u2019re almost at the COP finish line"},"content":{"rendered":"<p><strong>Good afternoon, wonderful people, <\/strong>and welcome to the slowest newsday in our living memories \u2014 which no longer extend to before the pre-COP27 era. We hope you\u2019re gently winding down into the weekend like we are.<\/p>\n<p><strong>REMEMBER- Tomorrow is the last day of COP<\/strong> (unless the conference is extended in order for delegates to reach the agreement that has so far eluded them.)<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>The International Cooperation Ministry has signed nine cooperation agreements with <\/strong><strong>Germany worth a combined EUR 160 mn<\/strong>, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0X5MXciUsA2QjTdLWFAMLAUmuKrFNtrLR2Tr7XQ9DQ9M31aXo5URnn2L93XnKMLBgl\">ministry statement<\/a>. Signed on the sidelines of COP27, the agreements include grants and loans for projects in waste management, irrigation and water conservation, education, infrastructure, public administration and digital transformation, and to boost competition in the private sector.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>Good news for global grain markets: <\/strong>Russia has agreed to extend the UN- and Turkey-brokered pact to allow the export of Ukrainian grain through the Black Sea amid the Russia-Ukraine war, UN Secretary-General Ant\u00f3nio Guterres said in a <a href=\"https:\/\/www.un.org\/sg\/en\/content\/sg\/statement\/2022-11-02\/statement-attributable-the-spokesperson-for-the-secretary-general-%E2%80%93-the-black-sea-grain-initiative?_gl=1*1tjcgdf*_ga*MjA3NDU0NDM1OC4xNjU5NTM2MjY1*_ga_TK9BQL5X7Z*MTY2ODY4OTU2My4zLjAuMTY2ODY4OTU2My4wLjAuMA..\">statement<\/a>. The agreement \u2014 which was briefly halted by Russia earlier this month following a drone attack on its Black Sea fleet \u2014 had been set to expire on Saturday, 19 November. It\u2019s not yet clear if the extension of the agreement was secured on the same terms or new ones, or for how long it will run.<\/p>\n<p class=\"web-image\"><a href=\"https:\/\/climatexforum.enterprise.press\/\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/Enterprise-Climate-X-GEM-En-1600x.jpg?ssl=1\" alt=\"enterprise\" \/><\/a><\/p>\n<p><strong>From Sharm to the Grand Egyptian Museum \u2014 the business community will move the <\/strong><strong>talk about a green transition ahead at the <\/strong><strong><a href=\"https:\/\/climatexforum.enterprise.press\/index.html\">Enterprise Climate X Forum<\/a><\/strong>, which takes place at the Grand Egyptian Museum on Tuesday, 6 December 2022. We can think of no better place to discuss the world\u2019s most important industry than in a world-class museum that stands as a testament to our nation\u2019s ability to persevere (and innovate) for seven millennia. And it seems you can\u2019t either, judging by the responses and statements of support we\u2019ve been getting.<\/p>\n<p><strong>What\u2019s the Enterprise Climate X Forum? <\/strong>It\u2019s our first industry-specific conference, where CEOs, top execs, investors, bankers and development finance folks have the chance to talk about how to build a climate-centered business \u2014 and how to make sure your business continues to have access to the funds it needs to grow. <a href=\"https:\/\/climatexforum.enterprise.press\/index.html\">You can learn more on our conference website here.<\/a><\/p>\n<p><strong>Some of the biggest names in business and finance are on board \u2014 are you? <\/strong>If you\u2019re a C-suite exec, business owner, climate professional, DFI staff, investor or banker, please email us at <a href=\"mailto:climatexrsvp@enterprisemea.com\">climatexrsvp@enterprisemea.com<\/a> to signal your interest, letting us know your name, title and where you work.<\/p>\n<p><strong>** CATCH UP QUICK <\/strong>on the top stories from today\u2019s<strong> EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>Infinity, Hassan Allam Utilities and Masdar signed a framework agreement for a <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a47a543d-1e04-4e8f-816e-558dff985f59\">2 GW green hydrogen plant<\/a><\/strong> that will be built in the Suez Canal Economic Zone and is set to be operational by 2026.<\/li>\n<li><strong>Initial agreements for green hydrogen and wind power<\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7267be18-acb5-4b9f-874a-e36102c2cad5\">projects worth up to USD 119 bn<\/a><\/strong> <strong>were inked during COP27. <\/strong>We don\u2019t have a clear breakdown on how they will be financed yet since the projects are still in the early stages of development.<\/li>\n<li><strong>East Port Said port is getting bigger: <\/strong>A consortium made up of Sky Investments and Reliance Logistics will establish a <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/62ab9cb5-220a-4f30-b830-9c8b09134131\">USD 65 mn multi-purpose terminal<\/a><\/strong>at East Port Said port under a contract signed with the Suez Canal Economic Zone.<\/li>\n<\/ul>\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>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Good news for Upper Egypt startups:<\/strong> Applications open today for Uplift4UpperEgypt \u2014 a startup program run by Orascom\u2019s <a href=\"https:\/\/geminiafrica.com\/\">Gemini Enterprises Africa<\/a>, in partnership with the Sawiris Foundation, aimed at businesses in Upper Egypt, according to <a href=\"https:\/\/bit.ly\/3Ghr7lV\">Al Mal<\/a>.<\/p>\n<p><strong>If you\u2019re self-employed, you have to register in the Tax Authority\u2019s e-invoice <\/strong><strong>system by 15 December.<\/strong> This includes self-employed doctors, engineers, lawyers, and artists, the Egyptian Tax Authority said in a<a href=\"https:\/\/www.facebook.com\/tax.egypt\/posts\/pfbid02xZQ6g3mVt8xBY53zbkaNSQLfuDKW7Ee28TZcyKJtrM8w2ATZS6X56S74UQLqdcJBl?__cft__[0]=AZXVBg27tCmAV6V8UTaKct5D9vUtObmHwGpKIRGlr_-bKwdpAvQwJFc_KhX1j74zzW6NZAZZbwstHUM0k2vJpG9RgPAcIjCSkTtkqaNOHbKxXLu4gbAO4F9m9Y5M_P1Ko2yzMmlzqI8BYcK02CDLCl-MfitRXBcoAva7fQicniNi_SrH6qVkgG3IqTi7so9I8w8&__tn__=%2CO%2CP-R\">statement<\/a>. Only e-invoices will be considered for VAT deduction or refunds as of 1 April, 2023.<\/p>\n<p><strong>What e-invoicing system?<\/strong> In late 2020, the Tax Authority launched a pilot program for B2B e-invoicing with 134 companies, before expanding the system to all large taxpayers in July 2021. All B2B and B2C invoices across the country should be fully automated by December. We have a primer on the system, its purpose, the timeline of implementation along with a list of phase one companies <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99a6ca73-945a-43a8-9bb3-70e01e484a6c\">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 mercury will rise to 25-27\u00b0C on Friday and Saturday, with nighttime lows in the 15-16\u00b0C range over the weekend, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, wonderful people, and welcome to the slowest newsday in our living memories \u2014 which no longer extend to before the pre-COP27 era. We hope you\u2019re gently winding down into the weekend like we are. REMEMBER- Tomorrow is the last day of COP (unless the conference is extended in order for delegates to reach [&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":[228,633,443,270,304,634,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-579757","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-cop27","tag-enterprisepm","tag-international-cooperation-ministry","tag-russia","tag-ukraine","tag-what-were-tracking-tonight","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"9bddae94-3bbf-4df8-8679-636e904e6e91","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[579755],"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>We\u2019re almost at the COP finish line - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/were-almost-at-the-cop-finish-line\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We\u2019re almost at the COP finish line\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, wonderful people, and welcome to the slowest newsday in our living memories \u2014 which no longer extend to before the pre-COP27 era. 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It\u2019s one of those rare days when the international and local press converge to focus on the same story, with COP27 leading the conversation everywhere.BUT FIRST- We wanted to thank our friends at Mashreq Bank, who join us today as\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":579581,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/this-evening-a-new-10-gw-wind-farm-scatec-oc-fertiglobe-launch-100-mw-green-hydrogen-plant-at-cop\/","url_meta":{"origin":579757,"position":2},"title":"THIS EVENING: A new 10 GW wind farm + Scatec, OC, Fertiglobe launch 100 MW green hydrogen plant at COP","author":"enterpriseam admin","date":"8 November 2022","format":false,"excerpt":"Good afternoon, wonderful people. It\u2019s hump day, and with COP27 well in the swing of things, it is most definitely a news dump day. THE BIG STORY TODAY There\u2019s a whole lot of renewable and green energy news coming out of COP27: Another 10 GW wind farm: The UAE\u2019s Masdar,\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555411,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/14\/as-cop26-winds-down-were-officially-named-as-next-years-climate-summit-hosts\/","url_meta":{"origin":579757,"position":3},"title":"As COP26 winds down, we\u2019re officially named as next year\u2019s climate summit hosts","author":"enterpriseam admin","date":"14 November 2021","format":false,"excerpt":"Egypt has officially been selected as host of the COP27 climate summit, which will be held in Sharm El Sheikh in November 2022, according to a statement from the Environment Ministry. The decision was announced at the COP26 climate summit in Glasgow, which concluded yesterday. We had first gotten wind\u2026","rel":"","context":"In &quot;Climate&quot;","block_context":{"text":"Climate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/climate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/434.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545801,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/12\/top-eu-official-talks-cop-with-environment-minister-yasmine-fouad-un-teams-up-with-govt-on-tech-and-innovation\/","url_meta":{"origin":579757,"position":4},"title":"Top EU official talks COP with Environment Minister Yasmine Fouad + UN teams up with gov\u2019t on tech and innovation","author":"enterpriseam admin","date":"12 April 2022","format":false,"excerpt":"More COP 27 discussions: Environment Minister Yasmine Fouad discussed preparations for COP 27 with the EU executive vice-president Frans Timmermans yesterday, according to a ministry statement.Timmermans has been in Egypt this week for energy and climate talks with several senior government ministers, with discussions focusing on boosting LNG exports and\u2026","rel":"","context":"In &quot;Diplomacy&quot;","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":579783,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/20\/cop-makes-strides-on-loss-and-damage-but-disappoints-developed-nations-on-mitigation\/","url_meta":{"origin":579757,"position":5},"title":"COP makes strides on loss and damage \u2014 but disappoints developed nations on mitigation","author":"enterpriseam admin","date":"20 November 2022","format":false,"excerpt":"Good afternoon, wonderful people. We are delighted to say this afternoon that COP27 is officially over, after delegates stayed up through the night and into the morning to finalize an agreement. The pact has good news for EMs on loss and damage but is getting mixed coverage in the international\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/579757","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=579757"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/579757\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/579755"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=579757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=579757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=579757"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=579757"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=579757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}