Good afternoon, wonderful people. It’s hump day, and with COP27 well in the swing of things, it is most definitely a news dump day.

THE BIG STORY TODAY

There’s a whole lot of renewable and green energy news coming out of COP27:

• Another 10 GW wind farm: The UAE’s Masdar, along with Infinity Power — its JV with local renewables player Infinity — and Hassan Allam Utilities, signed an agreement on COP’s sidelines to build a 10 GW wind farm in Egypt, set to be one of the largest in the world, UAE state news agency WAM reported.
• Scatec-OC-Fertiglobe plant launched: Norway’s Scatec, Nassef Sawiris-backed ammonia producer Fertiglobe and Orascom Construction began commissioning today their 100 MW green hydrogen plant in Ain Sokhna, which is set to be the world’s largest, according to a statement (pdf).
• Waste-to-hydrogen feedstock: H2 Industries signed an MoU with Egyptian waste management company Green Planet for Sustainable Environmental Solutions to provide waste for H2’s planned USD 3 bn waste-to-hydrogen plant in East Port Said.

THE BIG STORY ABROAD

It’s another afternoon of the US midterm elections and COP27 battling it out for coverage in the international business press, although the elections are currently getting more prominence, with the story on the front pages of the Financial Times, the Wall Street Journal, Reuters, and CNBC. The one outlier: Bloomberg, where the top story is Kuwait’s target to make its oil and gas operations carbon-neutral by 2050.

HAPPENING NOW- National statements from heads of state are currently ongoing at COP27, at the same time as closed meetings between different groups and observer organizations. You can check out the day’s agenda here (pdf).

The Enterprise Climate X Forum, our first industry-specific conference, is taking place on Tuesday, 6 December. It’s a C-suite event for CEOs and top execs, investors, bankers and development finance folks.

In panels, live interviews and networking sessions, the Enterprise Climate X Forum will give insiders and newcomers alike the chance to talk about how to build a climate-centered business — and how to make sure your business continues to have access to the funds it needs to grow. Expect it to be heavy on lessons learned in Egypt and other global growth markets — and lots of success stories.

Some of the biggest names in business and finance are on board — are you? The Enterprise Climate X Forum is taking place with the generous support of our friends, including:

• Banking partners: HSBC | Mashreq | Attijariwafa Bank
• Telecom partner: Etisalat by e&
• Event partners: Hassan Allam Utilities | Infinity

DO YOU WANT TO ATTEND? The first wave of invites is going out today. If you’re a C-suite exec, business owner, climate professional, DFI staff, investor or banker, please email us at climatexrsvp@enterprisemea.com to signal your interest, letting us know your name, title and where you work.

You’re going to love the venue when we unveil it next week.

Want to reach our audience? Ping a note to Moustafa Taalab, our head of commercial, here.

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

• COP27 got underway yesterday, with more pressing calls to action to prevent “climate catastrophe”: World leaders struck a serious and somber note with warnings of “irreversible” climate chaos and calls for cooperation and shared responsibility on the first day of the COP27 leaders’ summit yesterday.
• Bidayat invests in Azza Fahmy Jewelry: Mediterranean-focused investment fund Bidayat has acquired an undisclosed minority stake in artisanal jewelry company Azza Fahmy.
• More Gulf M&A: Separate firms in Saudi Arabia and Abu Dhabi look like they could enter a bidding war for a Maridive Oil and Service subsidiary, and Gulf investors including sovereign wealth funds have upped their minority stakes in EGX-listed education outfit CIRA Education.

ALSO- Enterprise Climate launched our Climate CEO Poll this morning. Today’s guest: Mohamed Saad, regional chief of Signify. We’ll be running C-suite interviews on climate throughout COP27 (and probably for a few days beyond) in both Enterprise Climate and EnterpriseAM.

FOR TOMORROW-

The Finance Ministry is hosting “Finance Day” at COP27 with the finance ministers of several countries, with an eye to reaching facilitated and sustainable climate finance agreements for developing and African countries.

???? CIRCLE YOUR CALENDAR-

Global golf is coming to Egypt: The Asian Tour’s International Series is making a stop in Egypt this Thursday, 10 November, through Sunday, 13 November. The first International Series Egypt will take place at Madinaty Golf Club, with a generous purse of USD 1.5 mn on offer.

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

☀️ TOMORROW’S WEATHER- Temperatures in Cairo will hit 25°C tomorrow during the day before falling to 16°C at night, our favorite weather app tells us.