{"id":611799,"date":"2023-12-12T00:00:00","date_gmt":"2023-12-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/12\/this-evening-its-the-third-and-final-day-of-egypts-presidential-elections\/"},"modified":"2023-12-12T00:00:00","modified_gmt":"2023-12-12T00:00:00","slug":"this-evening-its-the-third-and-final-day-of-egypts-presidential-elections","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/12\/this-evening-its-the-third-and-final-day-of-egypts-presidential-elections\/","title":{"rendered":"THIS EVENING: It\u2019s the third and final day of Egypt\u2019s presidential elections"},"content":{"rendered":"

Good afternoon friends and happy hump day. <\/strong>Broadly speaking, the final day of the presidential election is still taking center stage as we reach this week\u2019s midway point. <\/p>\n

THE BIG STORIES TODAY<\/strong><\/p>\n

A trio of loans from the EBRD:<\/strong> The European Bank for Reconstruction and Development (EBRD) is providing two separate loans to aiBank worth a combined USD 35 mn, and is beginning to disburse a USD 50 mn loan to Elsewedy Electric subsidiary United Metals Company, the bank said in multiple statements. <\/p>\n

The breakdown:<\/strong> aiBank will receive a USD 25 mn senior unsecured loan<\/a> for green on-lending to households and MSMEs for \u201ctheir investments in climate change adaptation and mitigation projects in a gender-responsive way,\u201d as well as a USD 10 mn senior unsecured loan<\/a> for on-lending to MSMEs in the agribusiness sector. United Metals Company will use its USD 50 mn loan<\/a> to finance its working capital. <\/p>\n

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Voting in the presidential elections ends tonight. <\/strong>Egypt will continue to cast their ballots in the polling stations until 9pm this evening. Candidates for the presidency are: Incumbent President Abdel Fattah El Sisi<\/strong>, Al Wafd Party\u2019s Abdel Sanad Yamama<\/strong>, the Egyptian Social Democratic Party\u2019s Farid Zahran<\/strong>, and the Republican People Party\u2019s Hazem Omar<\/strong>. <\/p>\n

Want to get out and vote?<\/strong> Find your nearest polling station by entering your national ID number on the National Elections Authority website<\/a>. You can also text your national ID number to 5151<\/a> or call the same number to find your polling station and receive your voting number.<\/p>\n

THE BIG STORY ABROAD<\/strong><\/p>\n

COP28's turbulent end led the conversation in the international press today. <\/strong>The initial draft text<\/a> released on Monday drew widespread criticism for no defined plan to phase out fossil fuels, the biggest contributing factor<\/a> to climate change. Instead, eight suggestions were made such as \u201creducing both consumption and production of fossil fuels, in a just, orderly and equitable manner so as to achieve net zero by, before, or around 2050,\u201d but there was no mention of actually phasing out coal, oil, and gas within the decade which scientists warn must be done. One silver lining, however, is that this was the first time reducing \u201cfossil fuels\u201d has ever been mentioned in a UN climate summit. Now negotiators are scrambling to complete a new draft by the summit\u2019s end.(CNBC<\/a> | Reuters<\/a>)<\/p>\n

Read more about it in <\/strong>Enterprise Climate<\/a><\/strong>. <\/strong><\/p>\n

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