Pre-Trading Thoughts

EBRD will provide USD1.3 billion in financing to Egypt to promote its green transformation strategy, which aims to get rid of old power plants and contribute to new wind and solar energy projects. Egypt intends to sign two contracts for green hydrogen production projects with GCC and foreign entities, with investments of USD5 billion. The government aims to increase tourism revenues to USD30 billion annually from the current USD11-13 billion. SWDY’s 99.8% owned subsidiary ...