{"id":553849,"date":"2021-12-31T07:59:05","date_gmt":"2021-12-31T07:59:05","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/31\/your-top-5-pieces-of-business-and-economic-news-in-december-2021\/"},"modified":"2021-12-31T07:59:05","modified_gmt":"2021-12-31T07:59:05","slug":"your-top-5-pieces-of-business-and-economic-news-in-december-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/31\/your-top-5-pieces-of-business-and-economic-news-in-december-2021\/","title":{"rendered":"Your top 5 pieces of business and economic news in December 2021"},"content":{"rendered":"<p>Your top 5 pieces of business and economic news in December:<\/p>\n<ul>\n<li><strong>SODIC is now Emirati:<\/strong> The Emirati consortium of real estate giant Aldar Properties and Abu Dhabi sovereign wealth fund ADQ <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6ff33ea0-89c5-479c-87c3-bace1f57c63c\">acquired 85.5% of SODIC<\/a> in an all-cash, EGP 6.1 bn transaction.<\/li>\n<li>Banque Misr-owned CI Capital is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8a67bda2-2571-4d68-b600-30894ac00789\">attempting to acquire a 26% stake<\/a> in leading healthcare company Cleopatra Hospitals.<\/li>\n<li><strong>Abu Qir is slightly less state-owned:<\/strong> The fertilizer company raised EGP 2.25 bn <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/352cb619-1060-47c5-8a48-c0f5d2e91ca3\">selling an additional 10% of its shares<\/a> on the EGX.<\/li>\n<li><strong>Rates unmoved in 2021:<\/strong> The central bank <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f4b1d297-1400-4fd8-830d-014978686b44\">left interest rates unchanged<\/a> in its final policy meeting of the year, eyeing rising global inflation, the spread of Omicron and higher US rates.<\/li>\n<li><strong>You may now legally SPAC:<\/strong> Blank-check firms <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/de3af8cf-a973-42a8-a043-03a0d8d18eb3\">are now a thing in Egypt<\/a> after regulators last month gave the all-clear.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Your top 5 pieces of business and economic news in December: SODIC is now Emirati: The Emirati consortium of real estate giant Aldar Properties and Abu Dhabi sovereign wealth fund ADQ acquired 85.5% of SODIC in an all-cash, EGP 6.1 bn transaction. Banque Misr-owned CI Capital is attempting to acquire a 26% stake in leading [&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":[9513],"tags":[2604,2611],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-553849","post","type-post","status-publish","format-standard","hentry","category-your-top-5","tag-enterpriseyourwealth","tag-your-top-5","wpautop","entry"],"acf":{"mongo_id":"e1ec21b1-0182-42cc-8b24-a44f8781424d","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[553839],"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>Your top 5 pieces of business and economic news in December 2021 - 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\/2021\/12\/31\/your-top-5-pieces-of-business-and-economic-news-in-december-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Your top 5 pieces of business and economic news in December 2021\" \/>\n<meta property=\"og:description\" content=\"Your top 5 pieces of business and economic news in December: SODIC is now Emirati: The Emirati consortium of real estate giant Aldar Properties and Abu Dhabi sovereign wealth fund ADQ acquired 85.5% of SODIC in an all-cash, EGP 6.1 bn transaction. 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USD 120 mn from a group of investors that includes financial services-focused PE house Apis, the UK\u2019s Development Partners International (DPI)\u2026","rel":"","context":"In &quot;YOUR TOP 5&quot;","block_context":{"text":"YOUR TOP 5","link":"https:\/\/enterpriseam.com\/egypt\/category\/your-top-5\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553293,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/06\/your-top-5-pieces-of-business-and-economic-news-in-april-2022\/","url_meta":{"origin":553849,"position":3},"title":"Your top 5 pieces of business and economic news in April 2022","author":"enterpriseam admin","date":"6 May 2022","format":false,"excerpt":"Your top 5 pieces of business and economic news in April: ADQ enters the EGX: Abu Dhabi wealth fund ADQ acquired state-owned stakes in fiveEGX-listed companies for USD 1.8 bn as part of an agreement reached in March to provide Egypt with emergency liquidity in response to the fallout from\u2026","rel":"","context":"In &quot;YOUR TOP 5&quot;","block_context":{"text":"YOUR TOP 5","link":"https:\/\/enterpriseam.com\/egypt\/category\/your-top-5\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":584606,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/03\/does-aldar-want-in-on-heliopolis-housings-heliopark-project\/","url_meta":{"origin":553849,"position":4},"title":"Does Aldar want in on Heliopolis Housing\u2019s Heliopark project?","author":"enterpriseam admin","date":"3 April 2023","format":false,"excerpt":"Aldar is reportedly shopping around after SODIC\u2019s play for ORE fell through","rel":"","context":"In &quot;Real estate&quot;","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/86.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553599,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/09\/no-management-shake-up-at-sodic\/","url_meta":{"origin":553849,"position":5},"title":"No management shake-up at SODIC","author":"enterpriseam admin","date":"9 December 2021","format":false,"excerpt":"SODIC management is staying on post-ADQ \/ Aldar acquisition: The Emirati consortium of real estate giant Aldar Properties and Abu Dhabi sovereign wealth fund ADQ is planning to keep the executive management at SODIC unchanged after acquiring 85.5% of the upmarket real estate player, Al Borsa reports, citing unnamed sources.Both\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"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\/553849","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=553849"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/553849\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/wealth\/553839"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=553849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=553849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=553849"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=553849"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=553849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}