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Tuesday, 2 February 2021

Also on our radar on 2 February 2021

The Arab Federation of Exchanges (AFE) is looking into launching exchange-traded funds (ETFs) that track its new green index, AFE Secretary-General Rami El Dokany said. The funds will eventually be listed on bourses in Arab countries, and will invest in environmentally-friendly equities included on the Low Carbon Select Index, which was launched last year by the AFE and market data provider Refinitiv. CIB and EFG Hermes are among the 30 constituents (pdf) of the index, which also includes Saudi chemicals manufacturer Sabic, AlMarai, Emirates NBD Bank, QNB, and Dubai’s DXB Entertainments.

Other things we’re keeping an eye on this morning:

  • SMART POLICY- Egypt plans to halve its pesticide use by 2030 as part of a long term strategy to ensure food security and public health, according to Agriculture Minister El Sayed El Quseir.
  • Orascom Investment Holding (OIH) is expected to sign the final contracts to develop the sound and light show at the Giza Pyramids in one week.

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