{"id":552872,"date":"2022-10-05T13:13:44","date_gmt":"2022-10-05T13:13:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/05\/this-evening-oih-plans-to-invest-usd-200-300-mn-in-four-new-hotels-naguib-says-putin-formalizes-russias-annexation-of-ukrainian-territories\/"},"modified":"2022-10-05T13:13:44","modified_gmt":"2022-10-05T13:13:44","slug":"this-evening-oih-plans-to-invest-usd-200-300-mn-in-four-new-hotels-naguib-says-putin-formalizes-russias-annexation-of-ukrainian-territories","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/05\/this-evening-oih-plans-to-invest-usd-200-300-mn-in-four-new-hotels-naguib-says-putin-formalizes-russias-annexation-of-ukrainian-territories\/","title":{"rendered":"THIS EVENING: OIH plans to invest USD 200-300 mn in four new hotels, Naguib says + Putin formalizes Russia\u2019s annexation of Ukrainian territories"},"content":{"rendered":"

Happy long weekend, ladies and gentlemen.<\/strong> It\u2019s the end of the workweek here in Omm El Donia as we kick off the final long weekend of the year. EnterpriseAM and EnterprisePM will be off until Sunday, but readers of Enterprise Climate will get their morning read tomorrow.<\/p>\n

*** <\/strong>
Take our EV survey:<\/a><\/strong> Are you an ex-petrolhead shopping around for your first electric vehicle? EV-curious and wondering what all the fuss is about? Or are you not ready to say goodbye to that sweet smell of benzene as you wait at the gas station?<\/p>\n

We want to hear from you:<\/strong> We\u2019re taking the pulse on how the nation feels about Egypt\u2019s nascent EV transition. Take a few minutes to fill out our short survey<\/a>. We\u2019ll be back with the results in a couple of weeks.
***<\/strong><\/p>\n

THE BIG STORY TODAY<\/strong><\/p>\n

<\/a> OIH is investing USD 200-300 mn in new hotels:<\/strong> Orascom Investment Holding (OIH) is planning to invest somewhere between USD 200-300 mn to set up four new hotels in Egypt, OIH CEO Naguib Sawiris said at an event today, according to Hapi Journal<\/a>. The hotels include two in Sahel on the north coast, one in Cairo, and another near the Giza Pyramids, Sawiris said, without disclosing further details on the planned timeline for the hotels.<\/p>\n

THE BIG STORY ABROAD<\/strong><\/p>\n

Leading the conversation in the international business press this afternoon:<\/strong> Russian President Vladimir Putin\u2019s move to formalize the annexation of chunks of Ukrainian territory, despite Russian forces suffering defeats on the frontlines at the same time. Putin ratified a law earlier today to incorporate Kherson, Zaporizhzhia, Luhansk and Donetsk into Russia, while Ukrainian forces have continued to make advancements and are recapturing several villages in these areas. The story is on the front pages of Reuters<\/a>, the Financial Times<\/a>, the Wall Street Journal<\/a>, and CNBC<\/a>.<\/p>\n

\n

** CATCH UP QUICK<\/strong> on the top stories from today\u2019s EnterpriseAM<\/strong>:<\/p>\n