{"id":552041,"date":"2022-08-08T13:36:29","date_gmt":"2022-08-08T13:36:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/this-evening-egypt-uae-jordan-bahrain-industrial-partnership-moving-forward-gaza-gets-power-back\/"},"modified":"2022-08-08T13:36:29","modified_gmt":"2022-08-08T13:36:29","slug":"this-evening-egypt-uae-jordan-bahrain-industrial-partnership-moving-forward-gaza-gets-power-back","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/this-evening-egypt-uae-jordan-bahrain-industrial-partnership-moving-forward-gaza-gets-power-back\/","title":{"rendered":"THIS EVENING: Egypt-UAE-Jordan-Bahrain industrial partnership moving forward + Gaza gets power back"},"content":{"rendered":"<p><strong>Good afternoon, wonderful people.<\/strong> It\u2019s only Monday, but it\u2019s another day of good news on the business front.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>We have the first project that\u2019s going to be implemented under the industrial partnership<\/strong><strong> between Egypt, the UAE, Jordan, and Bahrain:<\/strong> Emirati fertilizers player <a href=\"http:\/\/www.cfcfertilizers.com\/\">CFC Holding<\/a> will invest USD 400 mn to set up an industrial complex for fertilizers and feed production in Qena, <a href=\"https:\/\/bit.ly\/3Q8IW8W\">Al Mal<\/a> cites CFC CEO Ahmed Khalifa as saying. CFC will set up the complex in partnership with Germany\u2019s ThyssenKrupp, with an eye to begin construction next January and bring the plant online at the beginning of 2025.<\/p>\n<p><strong>^^We\u2019ll have more<\/strong> on this story and others in tomorrow\u2019s edition of <strong>EnterpriseAM<\/strong>.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>The ceasefire in Gaza is getting some play in the international press<\/strong>, particularly after US President Joe Biden backed the agreement. In a <a href=\"https:\/\/eg.usembassy.gov\/statement-by-president-biden-on-the-ceasefire-in-gaza\/\">statement<\/a> released after Israel and Palestinian Islamic Jihad (PIJ) <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/48dfbc3d-fe58-4af2-80d8-88cf48e86eec\">agreed<\/a> to an Egypt-brokered ceasefire, Biden called on the Israeli and Palestenian parties to \u201cfully implement the ceasefire and to ensure fuel and humanitarian supplies are flowing into Gaza as the fighting subsides.\u201d Biden\u2019s calls were heeded, as Gaza\u2019s only power plant began operating again and Israel began to partially reopen crossings into the embargoed strip to allow humanitarian assistance, the <a href=\"https:\/\/apnews.com\/article\/middle-east-israel-united-nations-blockades-d8cbcf0ff9e1a5ee830636fd8d81f06a\">Associated Press<\/a> reports.<\/p>\n<hr class=\"grey-line\">\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>We have a new head of the Financial Regulatory Authority (FRA).<\/strong> EGX boss Mohamed Farid <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/44cce70e-9e32-4176-848b-df0c7a3fcf7f\">has been appointed<\/a> as acting chairman of the FRA for one year, the exchange announced yesterday.<\/li>\n<li><strong>Saudi Arabia\u2019s sovereign wealth fund <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/466e8ac2-c495-4b0b-9dad-25bb5153c6b1\">could purchase<\/a><\/strong><strong> United Bank from the Central Bank of Egypt before the end of the year<\/strong>, with due diligence close to wrapping.<\/li>\n<li><strong>Pachin has another potential suitor:<\/strong> EGX-listed Paint and Chemical Industries (Pachin) has <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/754fb02f-43c8-47ad-88aa-ae065c7c0a7e\">received<\/a> a non-binding offer from Universal Building Materials and Chemicals (Sipes) to acquire up to 100% of its shares.<\/li>\n<\/ul>\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>We have two more rounds of public consultations on the government\u2019s state ownership <\/strong><strong>policy<\/strong> coming up this week:<\/p>\n<ul>\n<li><strong>Higher education players<\/strong> will voice their thoughts on the privatization strategy tomorrow, 9 August.<\/li>\n<li><strong>Experts and think tanks<\/strong> will hold another round of talks on Thursday, 11 August.<\/li>\n<\/ul>\n<p><strong>Remember:<\/strong> The government holds workshops every Sunday, Tuesday, and Thursday to see how its plans will affect specific industries. You can find more details on the schedule of the meetings<a href=\"http:\/\/eparticipation.idsc.gov.eg\/?fbclid=IwAR0roLUuQGFnSW2sa39MgFCj0jUqiG6_A-_Kya6SN4IhBJNhIqbHzMv5wdw\"><\/a><a href=\"http:\/\/eparticipation.idsc.gov.eg\/?fbclid=IwAR0roLUuQGFnSW2sa39MgFCj0jUqiG6_A-_Kya6SN4IhBJNhIqbHzMv5wdw\">here<\/a>.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Inflation data <\/strong>for July should land on Wednesday, 10 August.<\/p>\n<p><strong>Ghazl El Mahalla IPO:<\/strong> The retail portion of Ghazl El Mahalla\u2019s mini-IPO will wrap next Sunday, 14 August.<\/p>\n<p><strong>MNHD shareholders have the final word on SODIC takeover bid:<\/strong> Madinet Nasr Housing and Development will hold a general assembly meeting on Tuesday, 16 August, to decide whether to allow SODIC to conduct due diligence ahead of a potential takeover.<\/p>\n<p><strong>Interest rates:<\/strong> The Central Bank of Egypt will meet to discuss interest rates next Thursday, 18 August.<\/p>\n<p><strong>National Dialogue:<\/strong> The board of trustees overseeing the National Dialogue will hold its next meeting on 27 August. On the agenda: Choosing the rapporteurs for all of the committees and subcommittees of the social, political and economic tracks, and preparing the agenda and topics of discussion for the dialogue.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>We\u2019re set to see a daytime high of 37\u00b0C before the mercury drops to 26\u00b0C in the evening.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, wonderful people. It\u2019s only Monday, but it\u2019s another day of good news on the business front. THE BIG STORY TODAY We have the first project that\u2019s going to be implemented under the industrial partnership between Egypt, the UAE, Jordan, and Bahrain: Emirati fertilizers player CFC Holding will invest USD 400 mn to set [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7213],"tags":[2865,633,125,131,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-552041","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-cfc-holding","tag-enterprisepm","tag-investment-watch","tag-manufacturing","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"ef2d0a8e-0044-4aee-9db3-b55b34211eab","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[552039],"teaser":"","voice_url":""},"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>THIS EVENING: Egypt-UAE-Jordan-Bahrain industrial partnership moving forward + Gaza gets power back - 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\/2022\/08\/08\/this-evening-egypt-uae-jordan-bahrain-industrial-partnership-moving-forward-gaza-gets-power-back\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Egypt-UAE-Jordan-Bahrain industrial partnership moving forward + Gaza gets power back\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, wonderful people. It\u2019s only Monday, but it\u2019s another day of good news on the business front. 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The four countries inked 12 agreements in\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/wp-content\/uploads\/2022\/04\/handshake-agreement-moving-goodbye-travel-suitcase-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549527,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/20\/the-drive-of-your-life-usaid-backs-cfc-technical-schools\/","url_meta":{"origin":552041,"position":2},"title":"The drive of your life + USAID backs CFC technical schools","author":"enterpriseam admin","date":"20 September 2022","format":false,"excerpt":"Shalakany Law Office successfully defended a \u201cmajor French automotive company\u201d against an EGP 3 bn claim before a Cairo Court, the law firm said in an emailed statement. Shalakany partner Omar Sherif declined to comment on the subject of the litigation or disclose the names of the parties.Guess who: Those\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549603,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/22\/expedition-investments-consortium-completes-domty-acquisition\/","url_meta":{"origin":552041,"position":3},"title":"Expedition Investments consortium completes Domty acquisition","author":"enterpriseam admin","date":"22 September 2022","format":false,"excerpt":"Domty acquisition finalized: A consortium of investors led by Expedition Investments received a 32.9% stake (93.0 mn shares) for EGP 511.6 mn, according to a notice on the EGX yesterday. Their mandatory tender offer for up to 34% of the cheesemaker closed last week.CFC Group project gets cabinet approval: Cabinet\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548096,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/26\/one-giant-leap-for-regional-integration\/","url_meta":{"origin":552041,"position":4},"title":"One giant leap for regional integration\u2026","author":"enterpriseam admin","date":"26 July 2022","format":false,"excerpt":"Egypt, Jordan + UAE choose projects for joint industrial partnership: Egypt, Jordan, the UAE, and now Bahrain, have identified USD 3.4 bn-worth of joint investment projects in the first phase of a USD 10 bn industrial partnership signed in May, according to a joint statement (pdf) yesterday. Three days of\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/267.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":552061,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/09\/this-evening-mopco-gets-interest-from-pif-inflation-figures-are-set-to-drop-tomorrow\/","url_meta":{"origin":552041,"position":5},"title":"THIS EVENING: Mopco gets interest from PIF + Inflation figures are set to drop tomorrow","author":"enterpriseam admin","date":"9 August 2022","format":false,"excerpt":"Happy hump day, friends. It\u2019s still another rather quiet news day here on the home front, but our drought is being punctuated by a pickup in M&A activity.THE BIG STORY TODAY Another GCC sovereign fund wants a piece of Mopco: Saudi Arabia\u2019s sovereign wealth fund is about to acquire a\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/552041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=552041"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/552041\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/552039"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=552041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=552041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=552041"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=552041"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=552041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}