The Egyptian government has finalized a financial closure agreement with Scatec ASA $SCATC.OL —a leading Norwegian renewable energy developer—for a 1 gigawatt (GW) solar project, marking a significant step toward expanding the country's clean energy portfolio. The agreement, announced by the Egyptian Cabinet, enables the project to officially advance to the construction phase.

Italian investment bank Mediobanca $MB.MI is reportedly considering a postponement of its crucial shareholder vote scheduled for Monday regarding its proposed acquisition of Banca Generali $BGN.MI. The board convened on Sunday following concerns raised by several shareholders requesting additional clarity on the terms and rationale of the transaction.

Coinbase Global Inc. $COIN, the largest cryptocurrency exchange in the United States, continues to gain institutional credibility and market traction. Founded in 2012 and listed publicly in 2021, the company reached a major milestone in May by becoming the first crypto-native firm to be added to the S&P 500 Index $^SPX. Following this development, Cantor Fitzgerald has revised its 12-month price target for Coinbase from $253 to $292, citing both trading performance and expanding non-trading revenue streams.