{"id":554590,"date":"2021-12-20T13:55:25","date_gmt":"2021-12-20T13:55:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=554590"},"modified":"2025-12-16T00:34:18","modified_gmt":"2025-12-16T00:34:18","slug":"idh-makes-a-foray-into-pakistan-with-a-usd-72-mn-acquisition","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/idh-makes-a-foray-into-pakistan-with-a-usd-72-mn-acquisition\/","title":{"rendered":"IDH makes a foray into Pakistan with a USD 72 mn acquisition"},"content":{"rendered":"<section id=\"554592\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"554592\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TONIGHT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/this-evening-frosty-visits-alexandrias-shores-idh-to-acquire-50-stake-in-islamabad-diagnostic-center-indias-uflex-to-invest-usd-30-mn-in-local-manufacturing-plant\/\">\r\n                            THIS EVENING: Frosty visits Alexandria\u2019s shores + IDH to acquire 50% stake in Islamabad Diagnostic Center + India\u2019s Uflex to invest USD 30 mn in local manufacturing plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu 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\r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/this-evening-frosty-visits-alexandrias-shores-idh-to-acquire-50-stake-in-islamabad-diagnostic-center-indias-uflex-to-invest-usd-30-mn-in-local-manufacturing-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-554592\" class=\"content-area-description single-story post-554592 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-enterprisepm tag-healthcare tag-integrated-diagnostics-holding tag-investment-watch tag-ma-watch tag-what-were-tracking-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Alexandrians experienced some snowfall today<\/strong> as the temperature dropped to 7\u00b0C following days of extremely cold weather.<\/p>\n<p><strong>Alex isn\u2019t out of its bout of bad weather just yet<\/strong>, with precipitation expected to continue through till Thursday, our favorite weather app forecasts.<\/p>\n<p><strong>As of dispatch<\/strong><strong>, it\u2019s unclear whether children will be back in school tomorrow in Alexandria, Cairo, and other governorates. <\/strong>Kids in Alexandria have been staying under the covers these past few days as schools shut down while their counterparts in Greater Cairo <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a3157fe3-adb4-4264-8c19-639feeef37cb\">also got a day off<\/a> today.<\/p>\n<p>\u26c5 <strong>THE <\/strong><strong>WEATHER- <\/strong><strong>There is a chance of slight rain tonight for Cairenes<\/strong>, The Egyptian Meteorological Authority <a href=\"https:\/\/bit.ly\/3mnl4l1\">noted on Saturday<\/a>. The temperature will drop to a mean 7\u00b0C in the next few hours, so be sure to stay warm. Meanwhile, Cairo\u2019s weather will be slightly warmer tomorrow but a slight chance of rain persists, according to our favorite weather app.<\/p>\n<hr class=\"grey-line\">\n<p><strong>*** Tell us what you expect for the year ahead \u2014 and get a chance to have breakfast with<\/strong><strong> us in 2022:<\/strong> Every year, we ask our readers to weigh in on what you expect for the year ahead in our <a href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&id=4c30a011f7&e=17bb9015a7\">Enterprise Reader Poll<\/a>. Take a few minutes to tell us your take on the outlook for your business and industry, whether you\u2019re planning fresh investments and new hires, and how your business fared in the year past. We\u2019ll share the results with the entire community in early January to help you shape your view of the year.<\/p>\n<p><strong>We\u2019ll be inviting eight readers who take the poll to breakfast in 2022<\/strong> and another dozen of you will get your own Enterprise mug to enjoy your morning beverage of choice.<\/p>\n<p><strong>THE BIG STORIES TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>#<\/strong><strong>1 M&A Watch- IDH is going to Pakistan:<\/strong> Consumer healthcare and diagnostics giant Integrated Diagnostics Holdings (IDH) plans to snap up a 50% stake in the parent company of Pakistan-based diagnostics group <a href=\"https:\/\/idc.net.pk\/\">Islamabad Diagnostic Center (IDC)<\/a> for USD 72.35 mn, the company said in an<a href=\"https:\/\/www.londonstockexchange.com\/news-article\/IDHC\/replacement-idh-50-acquisition-of-idc\/15257945\">LSE filing<\/a>. The transaction, which will mark the London- and EGX-listed IDH\u2019s entry into Pakistan, will be financed \u201cthrough a combination of existing cash and committed debt facilities,\u201d IDH said in the filing. The debt package includes a USD 45 mn facility secured from IFC in May 2021, and an additional USD 15 mn IFC syndicated facility from Mashreq Bank, the company said.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>#2<\/strong><strong> Investment Watch- Indian polymeric films manufacturer <\/strong><strong><a href=\"https:\/\/www.uflexltd.com\/\">Uflex<\/a><\/strong> <strong>is planning on building a USD 30 mn chemicals plant in Egypt<\/strong>, according to a<a href=\"https:\/\/bit.ly\/3stu1No\">cabinet statement.<\/a> The announcement came on the sidelines of PM Mostafa Madbouly\u2019s inauguration of a new high barrier plastic films production line at the company\u2019s USD 100 mn Flex P Films factory, the first of its kind in the MENA region, according to the statement. Not much else was said about the new chemicals plant.<\/p>\n<p><strong>^^ We\u2019ll have more on these stories and others in tomorrow\u2019s EnterpriseAM.<\/strong><\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Saudi electronics retailer eXtra <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3346103e-b28e-4aa2-a573-fa4e206c2fdd\">plans to spend EGP 1 bn<\/a><\/strong><strong> to launch in Egypt, <\/strong>marking the company\u2019s first expansion outside the GCC region.<\/li>\n<li><strong>CHG gives the nod to CI Capital\u2019s acquisition bid: <\/strong>Cleopatra Hospital Group\u2019s (CHG) board has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a4b72095-c05e-4d68-b40c-f1006f926a9c\">approved a bid<\/a> from CI Capital to acquire up to 26.2% of the company at EGP 5 per share, valuing the company at EGP 8 bn.<\/li>\n<li><strong>Tobacco tender boycott, take two? <\/strong>Three major international tobacco producers have <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/023f4634-226f-4734-8f83-4f842972bafd\">reportedly chosen not to bid<\/a> in the renewed tender for a license to manufacture cigarettes.<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a><strong> THERE\u2019S ONLY ONE STORY ABROAD-<\/strong> <strong>Omicron is quickly forcing governments in <\/strong><strong>Europe and the UK to recalibrate their containment strategies, and markets are in a tailspin.<\/strong> News that the UK government is considering reimposing restrictions to contain the spread of the variant \u2014 possibly joining the Netherlands, Germany and Ireland, which all introduced new curbs this week \u2014 has investors fearing that a new round of global restrictions may not be far away. It\u2019s a sea of red on exchanges across Europe this afternoon, US stock futures are down more than 1% and oil is down more than 4%. (<a href=\"https:\/\/www.ft.com\/content\/e2759946-e201-41f0-afdf-1ee3994594ad\">FT<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-12-20\/u-s-stock-index-futures-fall-as-manchin-omicron-damp-sentiment?srnd=premium-europe&sref=mmeFTDW1\">Bloomberg<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/global-stock-markets-dow-update-12-20-2021-11639989846?mod=hp_lead_pos1\">WSJ<\/a> | <a href=\"https:\/\/www.cnbc.com\/2021\/12\/19\/stock-market-futures-open-to-close-news.html\">CNBC<\/a>)<\/p>\n<p><strong>Davos has been put on hold:<\/strong> The World Economic Forum has <a href=\"https:\/\/www.weforum.org\/press\/2021\/12\/world-economic-forum-s-annual-meeting-2022-deferred\">announced<\/a> that its annual get-together in Davos will be postponed \u201din the light of continued uncertainty over the Omicron outbreak.\u201d Originally scheduled to run from 17-21 January, the in-person forum is now pencilled in for early summer. In the meantime, the world leaders, b\u2019naires and chief execs who usually congregate in the Swiss Alpine resort will be reduced to solving the world\u2019s most pressing problems over video call, with an online series of talks in the works.<\/p>\n<p><strong>It\u2019s looking increasingly like mRNA is going to be the way <\/strong><strong>to go to defeat Omicron<\/strong> after Moderna today joined Pfizer \/ BioNTech in <a href=\"https:\/\/investors.modernatx.com\/news\/news-details\/2021\/Moderna-Announces-Preliminary-Booster-Data-and-Updates-Strategy-to-Address-Omicron-Variant\/default.aspx\">announcing<\/a> that a third booster shot of its covid vaccine provides a \u201creassuring\u201d increase in antibodies that could help the body fend off the new variant. (<a href=\"https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/moderna-says-booster-dose-its-covid-19-vaccine-appears-protective-vs-omicron-2021-12-20\/\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-12-20\/moderna-booster-increases-antibodies-37-fold-against-omicron?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/health\/2021\/12\/20\/moderna-covid-booster-omicron-protection\/\">Washington Post<\/a> | <a href=\"https:\/\/edition.cnn.com\/2021\/12\/20\/health\/moderna-booster-omicron-bn\/index.html\">CNN<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/moderna-says-covid-19-booster-dose-works-against-omicron-variant-in-lab-tests-11639994403?mod=hp_lead_pos2\">WSJ<\/a>).<\/p>\n<p><strong>Someone at the Health Ministry best get Moderna on the phone<\/strong> as <a href=\"https:\/\/www.deccanherald.com\/international\/most-vaccines-unlikely-to-protect-against-omicron-infections-according-to-initial-studies-1062625.html\">initial studies suggest<\/a> that booster shots of most of the world\u2019s vaccines \u2014 including that Sinovac shot Vacsera has been cranking out for the past four months \u2014 aren\u2019t going to cut it when Omicron shows up.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>FOR TOMORROW- <\/strong><\/p>\n<p><strong>PSA- EgyptAir resumes direct service to Toronto from Cairo tomorrow <\/strong>after briefly shelving the flight when Canada included us in a (heavily criticized) ban on entry for folks from 10 African countries. Meanwhile, <strong>non-resident travelers from Egypt will be prohibited from entering Hong Kong from tomorrow<\/strong>.<\/p>\n<p><strong>Swvl and Magalix<\/strong> are holding a virtual fireside chat titled Stories of <strong>Women in the Tech Field<\/strong> tomorrow at 7pm. Connect to the event <a href=\"https:\/\/www.meetup.com\/Cairo-Kubernetes-Meetup\/events\/282684742\/\">here<\/a>.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong>.<\/p>\n<p><strong>PSA- Property owners have until Friday, 31 December to pay the second installment of <\/strong><strong>their annual real estate taxes without incurring a late fee<\/strong>, Tax Authority boss Anwar Fawzy said in a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/297570425746718\">statement<\/a> yesterday. The first installment was due between 1 January and 30 June. Homeowners whose <a href=\"http:\/\/www.rta.gov.eg\/En\/BuildingTaxType\">primary residence<\/a> is valued at less than EGP 2 mn are exempt from paying the tax, Fawzy noted.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/integrated-diagnostics-holding\/\">Integrated Diagnostics Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> 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style=\"flex-direction: column;\">\r\n  \r\n                <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n                <span class=\"has-primary-color stk-highlight\">This publication is proudly sponsored by<\/span><\/h4>\r\n                \r\n\r\n                \r\n                <div class=\"wp-block-stackable-carousel alignwide stk-block-carousel stk--is-slide stk--infinite-scroll stk--arrows-justify-space-between stk--arrows-align-center stk-block stk-a38cfb2 sponsor-slider-container mb-0\" data-slides-to-show=\"3\" data-block-id=\"a38cfb2\"><style>.stk-a38cfb2 {--slides-to-show:3 !important;}.stk-a38cfb2 .stk-block-carousel__button{background:#00000099 !important;fill:#FFFFFF !important;border-radius:4px !important;}.stk-a38cfb2 .stk-block-carousel__button svg.ugb-custom-icon :is(g, path, rect, polygon, ellipse){fill:#FFFFFF !important;}<\/style>\r\n                <div class=\"stk-block-carousel__content-wrapper\">\r\n                <div 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class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.beltoneholding.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27484.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Where disruption meets success<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-lapigzn\" data-v=\"4\" data-block-id=\"lapigzn\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-lapigzn-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-lapigzn-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" 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class=\"stk-block-carousel__dots\" role=\"list\" data-label=\"Slide %%d\"><\/div><\/div><\/div>\r\n        <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"554594\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"554594\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">FOR YOUR COMMUTE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/airplanes-warn-that-5g-might-be-detrimental-to-air-travel-boeing-to-create-its-new-planes-in-the-metaverse\/\">\r\n                            Airplanes warn that 5G might be detrimental to air travel + Boeing to create its new planes in the metaverse                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/airplanes-warn-that-5g-might-be-detrimental-to-air-travel-boeing-to-create-its-new-planes-in-the-metaverse\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" 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photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/681.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"554595\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/airplanes-warn-that-5g-might-be-detrimental-to-air-travel-boeing-to-create-its-new-planes-in-the-metaverse\/681-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/681.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"681.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/681.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/681.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-554594\" class=\"content-area-description single-story post-554594 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-5g tag-aviation tag-boeing tag-enterprisepm tag-for-your-commute tag-metaverse wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a><strong> 5G did not cause the pandemic \u2014 but it could cause mass disruption to flights, <\/strong>the US airline industry is warning. The approaching rollout in the US of new 5G services is the cause of an intensifying dispute between network carriers and the aviation industry, with the White House stuck in the middle, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-12-20\/airlines-amp-up-warnings-on-5g-service-see-risk-of-late-flights?sref=mmeFTDW1\">Bloomberg<\/a> reports. Safety concerns have led the country\u2019s federal aviation regulator to warn that it may prohibit low-visibility landings in the proximity of 5G signals \u2014 a move that could disrupt up to 350k flights per year and cost the industry as much as USD 2.1 bn, according to lobby group Airlines for America.<\/p>\n<p><strong>On different wavelengths: <\/strong>5G signals will operate on airwaves close to those used by aircraft radar altimeters, which airlines say means they could interfere with pilots\u2019 ability to judge altitude during landings, especially in poor-visibility conditions. Wireless providers, who have paid at least USD 81 bn for rights to the airwaves in question, reject the concerns as entirely unfounded \u2014 though they have offered power reductions near airports. At the end of a hard two years that saw USD bns in losses for the aviation industry during the pandemic, airline execs are in no mood to compromise, and are pushing for further power cuts. Now it will be up to lawmakers to forge an agreement between the two sectors in time for the scheduled 5G rollout on 5 January.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a><strong> If a 737 Max crashes in the Metaverse, will it trigger a lawsuit?<\/strong> Boeing better hope not as it looks to enter the cyber-frontier with a new fully-virtual plane to get a foothold on its major competitor Airbus, <a href=\"https:\/\/www.reuters.com\/technology\/boeing-wants-build-its-next-airplane-metaverse-2021-12-17\/\">Reuters<\/a> reports. Boeing\u2019s future factories will employ 3D engineering, hosting robots that can communicate with one another and mechanics that connect via Microsoft HoloLens headsets. The two-year strategy aims to utilize a single digital ecosystem to unify the company\u2019s design, production and airline service operations. Airbus\u2019 Chief Executive has made similar promises to \u201cinvent new production systems,'' as more companies look to the metaverse to revamp their production systems.<\/p>\n<p><strong>That translates into building 3D digital twin replicas of airplanes to run simulations of <\/strong><strong>each aircraft\u2019s production system and performance.<\/strong> In essence, each aircraft will have a digital twin that contains every piece of information about it in the metaverse, allowing companies to overcome design issues and shortening time-to-market.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/5g\/\">5G<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/aviation\/\">aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/boeing\/\">Boeing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/metaverse\/\">metaverse<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"554596\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"554596\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENTERPRISE RECOMMENDS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/throwback-to-the-nerds-taking-over-in-the-it-crowd-will-the-premier-league-go-on-a-break\/\">\r\n                            Throwback to the nerds taking over in The IT Crowd + will the Premier League go on a break?                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/throwback-to-the-nerds-taking-over-in-the-it-crowd-will-the-premier-league-go-on-a-break\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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IT employees Roy and Moss are hiding away from the world in their basement office \u2014 until Jen comes around as their manager, even though she has absolutely no experience in anything tech-related save from sending emails. While unqualified for the job, Jen takes on another role: boosting the two men\u2019s social status from awkward tech nerds to join the \u2018it crowd,\u2019 (get it ?). Since the first season was filmed in 2006, the disparity in technology is immense (we couldn\u2019t help but balk at the huge monitors on their desks), bringing an added lick of nostalgia for simpler times in tech. You can catch all five seasons of the series on Netflix.<\/p>\n<p>\u26bd <strong>It's a cold day sans matches in Europe, but the Egyptian League is here to fill in the <\/strong><strong>gap and give us some warmth.<\/strong> Today, Ghazl El-Mahalla will meet with the National Bank at 5:30pm at the same time as El Gouna and Enppi hit the field. At 8pm, Alexandria\u2019s Al Ittihad faces Ceramica Cleopatra, while Misr El-Makassa will play against Eastern Company. Pharco\u2019s match against Al Masry kicked off at 3pm, with the game still at 0-0 as of dispatch.<\/p>\n<p><strong>English Premier League clubs will meet today to discuss what to do about the <\/strong><strong>outbreak of covid-19 in the league<\/strong> that has so far postponed 10 games over the past week, according to <a href=\"https:\/\/www.bbc.com\/sport\/football\/59698662\">BBC Sport<\/a>. There seems to be some disagreement on whether to continue or not: Premier League Chief Richard Masters has stressed the importance of completing the season and the heads of Arsenal and Liverpool seem to be leaning the same way. But Brentford boss Thomas Frank led has called for all matches to be called off until 26 December to enable a reset, while others believe that the break should be even longer.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><strong>Iron Maiden tribute band <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/invaders-room-art-space-new-ca\/2463919110407989\/\">Invaders<\/a><\/strong> are performing at Room New Cairo tonight at 9pm.<\/p>\n<p><strong>Dirty Santa <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/dirty-santa-ft-the-djunkie\/379480743954454\/\">takes the stage<\/a><\/strong><strong> at Cairo Jazz Club<\/strong> alongside The DJunkie on Wednesday at 8pm.<\/p>\n<p><strong>Cairokee is performing at Zed Park\u2019s <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/s\/cairokee\/3225061537780457\/\">Winter Fest<\/a><\/strong><strong> on Thursday<\/strong> from 7-11pm. You can get your tickets now on <a href=\"https:\/\/www.ticketsmarche.com\/tickets\/buy-tickets-cairokee-en.html?fbclid=IwAR1vEPkEDpAHzRjjlyAPeUyr-xyfflUffoJA1ij1ZWqrQ19afapuB3ayFNM\">TicketsMarche<\/a>.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Every modern day business problem, summed up in one book:<\/strong> <a href=\"https:\/\/www.goodreads.com\/en\/book\/show\/56849121-the-new-world-of-work\">The New World of<\/a><a href=\"https:\/\/www.goodreads.com\/en\/book\/show\/56849121-the-new-world-of-work\">Work<\/a> by Peter Cheese explores how businesses can succeed in the face of the new challenges presented by work today. Cheese, who is the head of the UK\u2019s national body for HR professionals, helps employers navigate increased demand for mental health awareness, flexible working, and agile learning, while also ensuring that they are engaging both an ageing workforce and new Gen Z recruits by designing jobs that play to each generation\u2019s skillset. The book also looks at how to avoid stalling productivity and how incorporating technology can help mitigate that risk. Cheese also covers requirements on firms to embrace diversity and model responsible, trustworthy and transparent behavior towards all stakeholders. The book uses global examples to explain each point, offering solutions on how to come out on the other side as a stronger business that employees are proud to work for.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"554598\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"554598\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">GO WITH THE FLOW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/market-roundup-on-20-december-2021\/\">\r\n                            Market roundup on 20 December 2021                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/market-roundup-on-20-december-2021\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Local investors were net buyers. The index is up 5.9% YTD.<\/p>\n<p><strong>In the green: <\/strong>Ibnsina Pharma (+1.0%), TMG Holding (+0.5%) and Abu Qir Fertilizers (+0.4%).<\/p>\n<p><strong>In the red: <\/strong>AMOC (-5.3%), Orascom Development Egypt (-3.5%) and CIRA (-3.4%).<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"554599\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"554600\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"554600\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT\u2019S NEXT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/thatll-be-20-barcelona-coins-please\/\">\r\n                            That\u2019ll be 20 Barcelona-coins please.                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/thatll-be-20-barcelona-coins-please\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/thatll-be-20-barcelona-coins-please\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/thatll-be-20-barcelona-coins-please\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=That\u2019ll be 20 Barcelona-coins please.&url=https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/thatll-be-20-barcelona-coins-please\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/thatll-be-20-barcelona-coins-please\/&title=That\u2019ll be 20 Barcelona-coins please.\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=That%E2%80%99ll+be+20+Barcelona-coins+please.+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F12%2F20%2Fthatll-be-20-barcelona-coins-please%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/thatll-be-20-barcelona-coins-please\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/683.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"554601\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/thatll-be-20-barcelona-coins-please\/683-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/683.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"683.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/683.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/683.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-554600\" class=\"content-area-description single-story post-554600 post type-post status-publish format-standard has-post-thumbnail hentry category-whats-next-2 tag-blockchain tag-cryptocurrency tag-enterprisepm tag-nfts tag-spain tag-sports tag-whats-next wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>Football clubs want you to buy their cryptocurrencies:<\/strong> In August, the captains of Barcelona and Juventus made the first <a href=\"https:\/\/twitter.com\/socios\/status\/1424454245198221314\">public exchange<\/a> of football-related cryptocurrencies before kickoff at a friendly game between the two teams. The moment was designed to promote the clubs\u2019 new fan tokens, a growing trend in European football that is offering cash-strapped clubs a new source of revenue but delivering questionable benefits to their fans.<\/p>\n<p><strong>Crypto meets football: <\/strong>Over the past 18 months, 24 European football clubs have launched crypto-based digital assets, a venture that <a href=\"https:\/\/www.bbc.com\/news\/technology-59596267\" style=\"color: rgb(252, 118, 1);\">the BBC<\/a> estimates has netted clubs USD 350 mn in revenues. Some tokens operate as club-specific virtual coins that can be traded like any other cryptocurrency, primarily on exchange platform <a href=\"https:\/\/www.socios.com\/\" style=\"color: rgb(252, 118, 1);\">Socios<\/a>, and using the fintech provided by sports and entertainment blockchain firm <a href=\"https:\/\/www.chiliz.com\/en\/\" style=\"color: rgb(252, 118, 1);\">Chiliz<\/a>. Others function more as non-fungible tokens (NFTs) \u2014 digital collectibles that are sold to fans.<\/p>\n<p><strong>How it works:<\/strong> Teams partner up with Chiliz to launch their own fan tokens or collectible digital assets on Socios. Fans first buy CHZ (the cryptocurrency accepted on Socios), and then use their CHZ to buy fan tokens, which can be traded on coin exchanges and on the Socios app.<\/p>\n<p><strong>Owning tokens gives fans mostly inconsequential but sentimental perks<\/strong>, like voting on what music should be played as players walk onto the pitch or <a href=\"https:\/\/www.socios.com\/socios-com-to-launch-ufc-fan-token-today-at-500-pm-cet\/\" style=\"color: rgb(252, 118, 1);\">getting a say<\/a> on a question that they think should be asked to players at a press conference, with more tokens equaling more influence. Socios promises token-holders future access to exclusive events and the ability to vote on certain \u2014 so far unimportant \u2014club issues. Barcelona fans got the chance to <a href=\"https:\/\/www.goal.com\/en-gb\/lists\/big-calls-europes-elite-barcelona-top\/blt58beaac1e6290653#cs0437cbe819e5092e\" style=\"color: rgb(252, 118, 1);\">vote on a mural design<\/a> for the team's changing room. Most other clubs are yet to explain how much democratization will be afforded to token-holders in the future.<\/p>\n<p><strong>Football crypto has the potential to be big: <\/strong>The top 13 clubs in Europe own tokens with a combined value of over USD 1.9 bn, according to the BBC, with Juventus and Paris St-Germain being the first to jump on board. Now, most of the sport\u2019s biggest names are inviting their fans to buy into their own currencies, and national sports teams are starting to get involved too.<\/p>\n<p><strong>This isn\u2019t just a football thing:<\/strong> Sports across the world \u2014 <a href=\"https:\/\/www.socios.com\/24-nba-franchises-have-now-joined-socios-coms-mission-to-enhance-global-fan-engagement\/\" style=\"color: rgb(252, 118, 1);\">the NBA,<\/a> <a href=\"https:\/\/www.patriots.com\/news\/socios-com-enters-nfl-and-mls-via-trailblazing-partnership-with-kraft-sports-ent\" style=\"color: rgb(252, 118, 1);\">NFL<\/a>, and <a href=\"https:\/\/www.socios.com\/socios-com-to-launch-ufc-fan-token-today-at-500-pm-cet\/\" style=\"color: rgb(252, 118, 1);\">UFC<\/a> in the US, <a href=\"https:\/\/www.socios.com\/aston-martin-cognizant-and-alfa-romeo-racing-orlen-become-the-first-f1-teams-to-launch-fan-tokens\/\" style=\"color: rgb(252, 118, 1);\">Formula One<\/a>, the <a href=\"https:\/\/www.socios.com\/three-ipl-franchises-join-socios-coms-network-of-major-global-sporting-properties\/\" style=\"color: rgb(252, 118, 1);\">Indian Premier League<\/a>, and <a href=\"https:\/\/ogs.gg\/og-becomes-the-firs-esports-club-in-the-world-to-use-the-blockchain-to-better-interact-with-its-fans\/\" style=\"color: rgb(252, 118, 1);\">competitive video-gaming<\/a> \u2014 have all jumped on the bandwagon and signed up with Socios to sell tokens to fans.<\/p>\n<p><strong>Socios is the fan token kingpin<\/strong>: The company works with more than 90 teams and franchises around the world, has <a href=\"https:\/\/www.checkout.com\/newsroom\/news\/checkout.com-teams-up-with-fan-token-creators-socios.com-amid-global-crypto-expansion\" style=\"color: rgb(252, 118, 1);\">1.2 mn users<\/a>, and has sold <a href=\"https:\/\/www.bbc.com\/news\/technology-59596267\" style=\"color: rgb(252, 118, 1);\">almost USD 300 mn<\/a> worth of coins through its app. It is the partner of Europe\u2019s biggest football teams, including Barcelona, Juventus, PSG, and AC Milan<\/p>\n<p><strong>But others are getting involved:<\/strong> Crypto exchanges <a href=\"https:\/\/www.binance.com\/en\/fan-token\" style=\"color: rgb(252, 118, 1);\">Binance<\/a> and <a href=\"https:\/\/www.bitci.com\/en\/taraftar-tokenlar\" style=\"color: rgb(252, 118, 1);\">Bitci<\/a> are also making a play for the market and are so far providing tokens to a number of football clubs around the world, national teams, Formula One franchises and basketball teams.<\/p>\n<p><strong>Fan tokens are creating new digital revenue streams for clubs:<\/strong> Barcelona\u2019s initial fan token offering in June 2020 <a href=\"https:\/\/www.socios.com\/fc-barcelona-bar-fan-token-sells-out-in-less-than-two-hours-generating-1-3m\/\" style=\"color: rgb(252, 118, 1);\">sold out<\/a> in less than two hours and generated USD 1.3 mn for the club. In the days leading up to Lionel Messi\u2019s transfer to PSG earlier this year, <a href=\"https:\/\/www.reuters.com\/lifestyle\/sports\/exclusive-messis-paris-st-germain-package-includes-crypto-fan-tokens-2021-08-12\/\" style=\"color: rgb(252, 118, 1);\">trading volumes<\/a> for PSG fan tokens soared upward of USD 1.2 bn, generating a rumored EUR 30 mn (USD 33.8 mn) in sales. The Argentine\u2019s two-year contract with the French side included USD 29-35 mn worth of cryptocurrency fan tokens in his welcome package.<\/p>\n<p><strong>Covid could be an accelerator:<\/strong> Finding new sources of funding has become vital for many teams in Europe in the midst of financial distress due to covid-19. Even teams like Barcelona and Juventus, who have stayed at the top of the European game for years, are facing huge financial difficulties after last year\u2019s lockdowns caused a sharp shortfall in revenues.<\/p>\n<p><strong>Managing your own currency also comes with risks:<\/strong> Despite the bns of USD of supply, users currently hold less than USD 380 mn. This is because clubs need to exert careful control on how much currency they release to the market to maintain its value. \"If they sell too much at once, they run the risk of crashing the price,\u201d one crypto analyst told the BBC. \"We can clearly see this happening with the Lazio, FC Porto, Santos FC, and Manchester City sales.\"<\/p>\n<p><strong>Not everyone is buying into the hype, with critics accusing Socios of exploiting the fans\u2019 <\/strong><strong>relationships with their clubs.<\/strong> West Ham, one of the early football clubs to <a href=\"https:\/\/www.socios.com\/west-ham-united-fan-tokens\/\" style=\"color: rgb(252, 118, 1);\">launch<\/a> fan tokens with Socios in 2019, announced last year that it was <a href=\"https:\/\/thefsa.org.uk\/news\/west-ham-end-controversial-blockchain-partnership\/\" style=\"color: rgb(252, 118, 1);\">ending its partnership<\/a> with the platform without selling a single fan token, following widespread fan opposition. Supporters of <a href=\"https:\/\/www.sportsjoe.ie\/football\/putting-a-price-on-fan-engagement-the-rise-of-socios-234586\" style=\"color: rgb(252, 118, 1);\">Leeds United<\/a> criticized the club\u2019s agreement with Socios for encouraging fans to enter the unregulated crypto market.<\/p>\n<p><strong>\u2026 and luring people into buying into a product they don\u2019t fully understand:<\/strong> In an investigation for <a href=\"https:\/\/theathletic.com\/2774492\/2021\/08\/18\/investigation-socios-fan-tokens-what-they-really-are-and-how-they-work\/?source=user_shared_article\" style=\"color: rgb(252, 118, 1);\">the Athletic<\/a>, UK-based sports columnist Joey D\u2019Urso says that fan tokens amount to a crypto trading game that rewards savvy traders and blindsides crypto-illiterate fans. D\u2019Urso argues that the trading frenzy around Messi\u2019s signing on fee, for example, was a classic example of traders \u201cbuying the rumor, and selling the news.\u201d And because clubs control 80% of token supply, it\u2019s easy for them to control the market price and maximize their income.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/blockchain\/\">blockchain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nfts\/\">NFTs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/spain\/\">Spain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sports\/\">sports<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/whats-next\/\">WHAT\u2019S NEXT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"554602\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/20\/554602\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-554602\" class=\"content-area-description single-story post-554602 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>13-26 December (Monday-Sunday): Cleopatra Hospitals shareholders can subscribe to CI Capital\u2019s voluntary tender offer for 26% of the company.<\/p>\n<p>21 December (Tuesday): Swvl and Magalix\u2019 virtual <a href=\"https:\/\/www.meetup.com\/Cairo-Kubernetes-Meetup\/events\/282684742\/\">Fireside Chat<\/a>: Stories of Women in the Tech Field at 7pm.<\/p>\n<p>21 December (Tuesday): Non-resident travelers from Egypt, or who have stayed in Egypt within 21 days of arrival, will be prohibited from entering Hong Kong from this date.<\/p>\n<p>25 December (Saturday): Jobzella\u2019s Fifth <a href=\"https:\/\/www.facebook.com\/events\/the-greek-campus\/jobzellas-fifth-career-fair\/3304920816283974\/\">Career Fair<\/a> at the GrEEK Campus, 11am-6pm.<\/p>\n<p>26 December (Sunday): The House of Representatives returns from recess.<\/p>\n<p>31 December (Friday): Deadline for property owners to pay second installment of real estate taxes without late fees.<\/p>\n<p>End of December: El Nasr Automotive plans to sign contracts with a new partner to locally assemble EVs.<\/p>\n<p>End of 4Q2021: EdVentures plans to have closed at least one more edtech investment round.<\/p>\n<p>End of 4Q2021: Fawry plans to have launched its MyFawry card.<\/p>\n<p>1H2022: The World Economic Forum annual meeting, location TBD.<\/p>\n<p>1H2022: e-Finance\u2019s digital healthcare service platform, eHealth, will launch its services.<\/p>\n<p>1Q2022: Egypt will begin <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dfe7607a-1e8a-44f3-b3bd-69a00b463d71\">exporting<\/a> natural gas to Lebanon.<\/p>\n<p>1Q2022: <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9cd1fc44-1593-4317-8658-0aa792215521\">Launch of the Egyptian Commodities Exchange<\/a>.<\/p>\n<p>1Q2022: Swvl acquisition of Viapool expected to close.<\/p>\n<p>End of 1H2022: Emirati industrial company M Glory Holding and the Military Production Ministry will begin the mass production of dual fuel pickup trucks that can run on natural gas.<\/p>\n<p>Second Half of January: Egypt <a href=\"https:\/\/alborsaanews.com\/2021\/11\/23\/1483989\">will host<\/a> the Egyptian-Bahraini Joint Committee.<\/p>\n<p>The end of January: The Egyptian-Romanian business forum will take place with the aim of strengthening joint investment relations.<\/p>\n<p>January 2022: Tenth of Ramadan dry port tender to be launched.<\/p>\n<p>1 January 2022 (Saturday): Capital gains tax comes into effect on the EGX for local investors.<\/p>\n<p>1 January 2022 (Saturday): Private sector minimum wage introduced.<\/p>\n<p>1-15 January 2022 (Saturday-Saturday): Qualified Industrial Zones (<a href=\"https:\/\/www.trade.gov\/qualifying-industrial-zones\">QIZ<\/a>) Joint Committee.<\/p>\n<p>4 January 2022 (Tuesday): OPEC+ ministerial meeting.<\/p>\n<p>7 January 2022 (Friday): Coptic Christmas.<\/p>\n<p>10-13 January 2022 (Monday-Thursday): <a href=\"https:\/\/wyfegypt.com\/\">World Youth Forum<\/a>, Sharm El Sheikh.<\/p>\n<p>15 January (Saturday): Target date for the finalization of snackfood giant Edita\u2019s acquisition of the Egyptian Belgian Company, owner of the Ole brand.<\/p>\n<p>17-19 January 2022 (Monday-Wednesday): <a href=\"https:\/\/www.worldfutureenergysummit.com\/en-gb.html\">World Future Energy Summit<\/a>, Abu Dhabi.<\/p>\n<p>20 January 2022 (Thursday): Kadmar Shipping\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/01ff5c98-c2b7-42a3-9c0f-7e33f4c9e638\">new line<\/a> transporting agricultural crops between Alexandria and Russia begins its operations.<\/p>\n<p>27 January 2022 (Tuesday): National holiday in observance of 25 January revolution anniversary \/ Police Day.<\/p>\n<p>January-February 2022: Construction work on the Abu Qir metro upgrade <a href=\"https:\/\/www.youtube.com\/watch?v=vXBilirlgw0\">will begin<\/a>.<\/p>\n<p>February 2022: Hassan Allam Construction\u2019s <a href=\"https:\/\/alborsaanews.com\/2021\/12\/07\/1488592\">new construction firm<\/a> established with Russia\u2019s Titan-2 to handle construction work on the Dabaa nuclear power plant begins its operations.<\/p>\n<p>11 February 2022 (Friday): <a href=\"https:\/\/finance.yahoo.com\/news\/vistas-media-acquisition-company-inc-203000610.html\">Deadline for Anghami SPAC merger<\/a>.<\/p>\n<p>11-13 February (Friday-Sunday) FIBA Intercontinental Cup, Cairo.<\/p>\n<p>14-16 February 2022 (Monday-Wednesday): Egypt Petroleum Show, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>15 February 2022 (Tuesday): The Industrial Development Authority\u2019s deadline for <a href=\"https:\/\/alborsaanews.com\/2021\/11\/21\/1483299\">receiving offers<\/a> from companies for licenses to manufacture steel products.<\/p>\n<p>19 February 2022 (Saturday): Public universities begin the second term of the 2021-2022 academic year.<\/p>\n<p>March 2022: 4Q2021 earnings season.<\/p>\n<p>March 2022: Deadline for the World Health Organization\u2019s <a href=\"https:\/\/www.who.int\/news\/item\/01-12-2021-world-health-assembly-agrees-to-launch-process-to-develop-historic-global-accord-on-pandemic-prevention-preparedness-and-response\">intergovernmental negotiating body<\/a> to meet to discuss binding treaty on future pandemic cooperation.<\/p>\n<p>March 2022: World Cup playoffs.<\/p>\n<p>2 April 2022 (Saturday): First day of Ramadan (TBC).<\/p>\n<p>3 April 2022 (Sunday): Bidding begins on the Industrial Development Authority\u2019s license to manufacture tobacco products.<\/p>\n<p>4 April 2022 (Monday): CDC Group will formally change its name to British International Investment.<\/p>\n<p>22-24 April 2022 (Friday-Sunday):<a href=\"http:\/\/sdg.iisd.org\/events\/2022-spring-meetings-of-the-world-bank-group-and-the-international-monetary-fund\/\">World Bank-IMF spring meeting<\/a>, Washington D.C.<\/p>\n<p>24 April 2022 (Sunday): Coptic Easter Sunday (holiday for Coptic Christians).<\/p>\n<p>25 April 2022 (Monday): Sham El Nessim.<\/p>\n<p>25 April 2022 (Monday): Sinai Liberation Day.<\/p>\n<p>Late April - 15 May 2022: 1Q2022 earnings season<\/p>\n<p>May 2022: Investment in Logistics Conference, Cairo, Egypt.<\/p>\n<p>2 May 2022 (Monday): Eid El Fitr (TBC).<\/p>\n<p>16 June 2022 (Thursday): End of 2021-2022 academic year for public schools.<\/p>\n<p>27 June-3 July 2022 (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p>30 June 2022 (Thursday): June 30 Revolution Day, national holiday.<\/p>\n<p>2H2022: <a href=\"https:\/\/www.ief.org\/news\/egypt-to-host-8th-ief-igu-ministerial-gas-forum-in-2022\">IEF-IGU Ministerial Gas Forum<\/a>, Egypt. Date + location TBA.<\/p>\n<p>July 2022: A law governing ins. for seasonal contractors will come into effect.<\/p>\n<p>8 July 2022 (Friday): Arafat Day.<\/p>\n<p>9-13 July 2022 (Saturday-Wednesday): Eid Al Adha, national holiday.<\/p>\n<p>30 July 2022 (Saturday): Islamic New Year.<\/p>\n<p>Late July - 14 August 2022: 2Q2022 earnings season.<\/p>\n<p>September 2022: Egypt will display its first naval exhibition with the title <a href=\"https:\/\/bit.ly\/3lshDZX\">Naval Power<\/a>.<\/p>\n<p>6 October 2022 (Thursday): Armed Forces Day, national holiday.<\/p>\n<p>8 October 2022 (Saturday): Prophet Muhammad\u2019s birthday.<\/p>\n<p>18-20 October 2022 (Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p>Late October - 14 November 2022: 3Q2022 earnings season.<\/p>\n<p>End of 2022: e-Aswaaq\u2019s tourism platform will complete the roll out of its ticketing and online booking portal across Egypt.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish below between the actual holiday and its observance.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":554591,"template":"","categories":[],"tags":[],"class_list":["post-554590","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"139e1c84-847d-4899-8d03-db08ed783bd8","teaser":"","photo_url":"https:\/\/ent.news\/2021\/12\/667.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IDH makes a foray into Pakistan with a USD 72 mn acquisition - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/idh-makes-a-foray-into-pakistan-with-a-usd-72-mn-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IDH makes a foray into Pakistan with a USD 72 mn acquisition\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/idh-makes-a-foray-into-pakistan-with-a-usd-72-mn-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T00:34:18+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/667.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/idh-makes-a-foray-into-pakistan-with-a-usd-72-mn-acquisition\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/idh-makes-a-foray-into-pakistan-with-a-usd-72-mn-acquisition\/\",\"name\":\"IDH makes a foray into Pakistan with a USD 72 mn acquisition - 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