{"id":556864,"date":"2021-10-25T13:45:32","date_gmt":"2021-10-25T13:45:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/tonight-ahmed-dallal-inaugurated-as-aucs-newest-president-mnhd-acquiring-a-stake-in-minka-development-russian-hacks-are-back\/"},"modified":"2021-10-25T13:45:32","modified_gmt":"2021-10-25T13:45:32","slug":"tonight-ahmed-dallal-inaugurated-as-aucs-newest-president-mnhd-acquiring-a-stake-in-minka-development-russian-hacks-are-back","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/tonight-ahmed-dallal-inaugurated-as-aucs-newest-president-mnhd-acquiring-a-stake-in-minka-development-russian-hacks-are-back\/","title":{"rendered":"TONIGHT: Ahmed Dallal inaugurated as AUC\u2019s newest president + MNHD acquiring a stake in Minka Development + Russian hacks are back"},"content":{"rendered":"<p><strong>It\u2019s been quite an interesting Monday, ladies and gentlemen<\/strong>, with the local news being topped by a real estate M&A, management shake ups and AUC getting a new president. Meanwhile, Sudan\u2019s coup has the entire world\u2019s attention.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>THE BIG STORIES TODAY-<\/strong><\/p>\n<p><strong>#1-<\/strong> <strong>Real estate M&A:<\/strong> Madinet Nasr for Housing and Development intends to acquire an undisclosed stake in real estate firm Minka Development, and has appointed the head of the developer as its new CEO, it said in a series of EGX disclosures today (<a href=\"https:\/\/ent.news\/2021\/10\/269893_1.pdf\">pdf<\/a> - <a href=\"https:\/\/ent.news\/2021\/10\/MNHD-New-CEO.pdf\">pdf<\/a>).<\/p>\n<p><strong>#2- More vaccines have landed:<\/strong> A shipment of 1.06 mn Johnson & Johnson vaccines landed in Egypt, the Health Ministry <a href=\"https:\/\/www.facebook.com\/egypt.mohp\/posts\/190577819920107?__cft__[0]=AZUCoKGL4mvkkXCbRpAtKvJGmiZdsgXjutrFdLSxbXYik0StzpSmGRMgN4r2Jd8pjia2LZEmwZyc1vi-0pIzh0GIc9-SRSNGxTZpfnEZfM0WpsAAuPE1UDfS4x8WW0QZ6RLvrK0w2Kk6WiD6h4eiYjpa7dF1lRV170OjHY1LJGciSQ&__tn__=%2CO%2CP-R\">said<\/a> this morning.<\/p>\n<p><strong>^^ We\u2019ll have more on all of these stories 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>e-Finance could list two subsidiaries following IPO -chairman:<\/strong> State-owned fintech firm e-Finance could follow up last week\u2019s blockbuster IPO on the EGX with <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8688dd34-1172-476a-879c-52cb7420d2ad\">fresh listings<\/a> of its subsidiaries Khales and e-Cards.<\/li>\n<li><strong>Egypt could get EUR 1 bn for development from the EU by 2027:<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ef5bb7ad-6f4d-41d0-9f8c-1bca27980648\">The plan<\/a> will help drive \u201clong-term socio-economic development and recovery\u201d and sets water security as one of its top priorities, EU Commissioner for Neighborhood and Enlargement Oliver Varhelyi said.<\/li>\n<li><strong>Egypt on track to achieve self-sufficiency in fuel products by 2023:<\/strong> Large-scale upgrades to oil refineries and new facilities <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f6a3036a-5d06-47cb-996e-23372a87145a\">will come online<\/a> and are expected to add an annual production capacity of 6.2 mn tonnes of refined products, including gasoline and diesel, Oil Minister Tarek El Molla said.<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>HAPPENING NOW- <\/strong><strong><a href=\"https:\/\/www.aucegypt.edu\/about\/statements\/ahmad-dallal-named-auc-president\">Ahmed Dallal<\/a><\/strong><strong> is currently being inaugurated as AUC\u2019s <\/strong><strong>new president in a ceremony which you can<\/strong><strong><a href=\"https:\/\/www.aucegypt.edu\/inauguration\">watch online here<\/a><\/strong><strong>. <\/strong>Dallal \u2014 a polymath and accomplished multilingual engineer who became a scholar of Islamic studies \u2014 becomes the first Arab president of the storied university. We look forward to good things from him in the years to come and we look forward to getting a chance to meet him and pick his brain on education here in Egypt.<\/p>\n<p><strong>CLARIFICATION- The folks at AUC would like you to know that \u201cthe protocol signed <\/strong><strong>between the government of Egypt and the United States that led to the University\u2019s foundation stipulates an American president. <\/strong>President Ahmad Dallal is an American of Arab origin. And beyond that limitation, the selection of an AUC president is based on qualifications, not ethnic origin or gender.\u201d<\/p>\n<p><strong>That does not change our sincere hope that the president who follows Dallal (may it be many, many years hence) should be of Egyptian heritage.<\/strong> Surely, given how many of us there are, there is someone qualified academically, as a leader, and by virtue of citizenship.<\/p>\n<hr class=\"grey-line\">\n<p><strong>THE BIG STORIES ABROAD-<\/strong><\/p>\n<p><strong>So much for Sudan\u2019s democratic transition:<\/strong> The Sudanese army has staged an apparent coup against the joint military-civilian administration that was supposed to hand over the reins of government to civilians next month, detaining the prime minister and dissolving the sovereign council in power since the overthrow of long-time dictator Omar Al Bashir in 2019. <strong>We have the full story in today\u2019s Enterprise Explains, below.<\/strong> (<a href=\"https:\/\/apnews.com\/article\/middle-east-africa-sudan-arrests-omar-al-bashir-c8d027c0a9e250fcb5a595bdc987d282\">AP<\/a> | <a href=\"https:\/\/www.reuters.com\/world\/africa\/military-forces-arrest-senior-civilian-figures-sudan-al-hadath-tv-2021-10-25\/\">Reuters<\/a> | <a href=\"https:\/\/www.ft.com\/content\/7bd25e7b-6c72-4aa9-97cc-ac4275b0e329\">FT<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-25\/sudan-army-leader-vows-new-government-after-premier-arrested?srnd=premium-africa\">Bloomberg<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/sudanese-prime-minister-detained-in-apparent-military-coup-11635150306?mod=hp_lead_pos10\">WSJ<\/a>).<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Revelations in the \u201cFacebook Papers\u201d are being published \u2014 and it\u2019s not a pretty <\/strong><strong>picture.<\/strong> This morning, US and European news organizations began to make public information contained in the hundreds of documents handed over by company whistleblower Frances Haugen. The papers paint a picture of a company prioritizing its bottom line over the safety of its users, knowingly fuelling hate speech and censoring activists in authoritarian countries. Inexplicably, several documents suggest that the company has often been unable to understand its own algorithm. The news is everywhere in the global press this afternoon: <a href=\"https:\/\/apnews.com\/hub\/the-facebook-papers\">AP<\/a> | <a href=\"https:\/\/www.reuters.com\/technology\/facebook-knew-about-failed-police-abusive-content-globally-documents-2021-10-25\/\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-25\/facebook-files-show-growth-struggles-as-young-users-in-u-s-decline?srnd=premium-middle-east\">Bloomberg<\/a> | <a href=\"https:\/\/www.nytimes.com\/2021\/10\/25\/technology\/facebook-like-share-buttons.html\">NYT<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/technology\/2021\/10\/25\/mark-zuckerberg-facebook-whistleblower\/\">Washington Post<\/a> | <a href=\"https:\/\/www.ft.com\/content\/80550e88-eee8-475e-aada-d3d4618a3ff6\">FT<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/facebook-politics-decision-making-documents-11635100195?mod=hp_lead_pos7\">WSJ<\/a>.<\/p>\n<p><strong>ALSO IN TECH- Russian hacks are back<\/strong>: Russian state-backed hacker group Nobelium has successfully compromised 14 of more than 140 targeted cloud service providers and resellers, Microsoft said <a href=\"https:\/\/blogs.microsoft.com\/on-the-issues\/2021\/10\/24\/new-activity-from-russian-actor-nobelium\/\">in a blog<\/a>. The Russian intelligence-affiliated group that brought us last year\u2019s <a href=\"https:\/\/www.cnbc.com\/2020\/12\/18\/suspected-russian-hack-on-us-is-much-worse-than-first-feared.html\">SolarWinds hack<\/a> was apparently not deterred by recent <a href=\"https:\/\/www.nytimes.com\/2021\/04\/15\/world\/europe\/us-russia-sanctions.html\">sanctions imposed on Moscow<\/a> by US President Joe Biden over its work, nor by a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-18\/biden-s-cyber-red-line-is-prime-for-putin-challenge-experts-say?sref=mmeFTDW1\">list Biden handed<\/a> to Putin noting 16 sectors that Russia definitely shouldn\u2019t hack. The campaign aims to infiltrate the global tech supply chain for surveillance purposes, according to Microsoft. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-10-25\/solarwinds-hackers-targeting-tech-supply-chain-microsoft-says?sref=mmeFTDW1\">Bloomberg<\/a> | <a href=\"https:\/\/www.nytimes.com\/2021\/10\/25\/us\/politics\/russia-cybersurveillance-biden.html\">New York Times<\/a> | <a href=\"https:\/\/www.cnbc.com\/2021\/10\/25\/solarwinds-hackers-targeting-global-it-supply-chain-microsoft-says.html\">CNBC<\/a> | <a href=\"https:\/\/www.wsj.com\/articles\/microsoft-solarwinds-hackers-continue-to-hit-technology-companies-11635145200?mod=hp_lead_pos1\">Wall Street Journal<\/a>).<\/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><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>FOR TOMORROW-<\/strong><\/p>\n<p><strong>The European Investment Bank (EIB) will hold <\/strong><strong><a href=\"https:\/\/ent.news\/2021\/10\/EIB-Financing-Water-Projects-Oct21.pdf\">a seminar on financing water infrastructure (pdf)<\/a><\/strong> tomorrow at the Nile Ritz Carlton.<\/p>\n<p><strong>A webinar on sustainable transport <\/strong>featuring keynote speeches by EU ambassador to Egypt Christian Berger and Public Enterprises Minister Hisham Tawfik will take place tomorrow at 10am. <a href=\"https:\/\/sustainableenergyegypt.com\/sustainable-mobility-for-egypt-webinar-26th-of-october-10-00-hrs-am\/\">Register here<\/a>.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>It\u2019s interest rate week:<\/strong> The Central Bank of Egypt will meet this Thursday to discuss interest rates. All 12 analysts <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2271d9e1-cc44-40f7-bed0-32614101fbb4\">polled by Enterprise<\/a> see the central bank leaving rates on hold for another meeting, citing the need to maintain portfolio inflows and uncertainty over inflation.<\/p>\n<p><strong>Female <\/strong><strong>entrepreneurs have until 6 November to apply to a new accelerator <\/strong><strong>program launched by NGO Nahdet El Mahrousa<\/strong> offering up to EGP 200k in grants, mentorship, and other business support. Founders and social enterprise leaders working in ICT, creative industries, or on projects that support gender equality are eligible to apply. The program, Rabeha, was launched in partnership with UN Women Egypt, the Egyptian National Council for Women, Global Affairs Canada, and other partners. You can <a href=\"https:\/\/l.facebook.com\/l.php?u=https%3A%2F%2Fbit.ly%2F3DWmlG5%3Ffbclid%3DIwAR0CgpdQDltgFGzhoGJmuKRr5AdNL_bxkQIE7ejiUngECbkxK-Qg3WQ1LAs&h=AT03bTcEWHO7_ifSyWY3bzUc-4W2xyBotj8E6jDvCOL2g53DHT_1O-x-6WJEHQmxMXlxAvB-DaYAdjcjN1G0nWZBboNwVUPZ69Ua7N1_VRuZTOXC_gPJRuv0i4eqb8Sxzl7K&__tn__=-UK-R&c%5B0%5D=AT1HqXk_X4HRQoevTN35Wj-0uhLHrBeazxBScbrfhO3vQVPEgiiCAGC1QpNkyytUpdrdEmhOyhxjQU2yUeKNtV12aIbQoco90gnb9pzz2WJj9o-nFnvIGq21LI5OeTpfeJZ2jrjus2lOZqRLTUHrcLXrIhu6TpLQm0zXJzSAUdUSEzwfnrSJWdcx_K8duqOHSxQSNNw\">apply here<\/a>.<\/p>\n<p><strong>It\u2019s another busy week<\/strong> for conferences, exhibitions, and other business events in Egypt:<\/p>\n<ul>\n<li>The two-day <strong><a href=\"https:\/\/platforms-root-technologies.com\/icec-2021\/\">Intelligent Cities Exhibition & Conference<\/a><\/strong><strong> takes place this Wednesday<\/strong><strong> and Thursday<\/strong>, 27 and 28 October.<\/li>\n<li>The Middle East Angel Investment Network\u2019s <strong><a href=\"http:\/\/mainmena.com\/conference\/4\">Angel\u2019s Oasis<\/a><\/strong> retreat runs from Wednesday to Friday in El Gouna, with separate pricing for in-person and virtual attendance.<\/li>\n<li><strong>Grassroots community leaders<\/strong> aged 25-38 have until this Wednesday to apply for the US State Department-backed <strong><a href=\"https:\/\/www.facebook.com\/communitysolutionsprogram\/\">Community Solutions Program<\/a><\/strong>. Applications can be submitted <a href=\"https:\/\/bit.ly\/csp2022apply\">here<\/a>.<\/li>\n<\/ul>\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<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>It\u2019s another day of warm weather, with the mercury rising to 29\u00b0C in the afternoon and falling to 19\u00b0C at night, our favorite weather app tells us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s been quite an interesting Monday, ladies and gentlemen, with the local news being topped by a real estate M&#038;A, management shake ups and AUC getting a new president. Meanwhile, Sudan\u2019s coup has the entire world\u2019s attention. THE BIG STORIES TODAY- #1- Real estate M&#038;A: Madinet Nasr for Housing and Development intends to acquire an [&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":[3397,169,633,353,270,126,113,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-556864","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-ahmed-dallal","tag-auc","tag-enterprisepm","tag-madinet-masr-for-housing-and-development","tag-russia","tag-sudan","tag-vaccines","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"d3db982b-bb32-4b74-b1b3-a04f4283c0c6","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[556862],"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>TONIGHT: Ahmed Dallal inaugurated as AUC\u2019s newest president + MNHD acquiring a stake in Minka Development + Russian hacks are 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\/2021\/10\/25\/tonight-ahmed-dallal-inaugurated-as-aucs-newest-president-mnhd-acquiring-a-stake-in-minka-development-russian-hacks-are-back\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TONIGHT: Ahmed Dallal inaugurated as AUC\u2019s newest president + MNHD acquiring a stake in Minka Development + Russian hacks are back\" \/>\n<meta property=\"og:description\" content=\"It\u2019s been quite an interesting Monday, ladies and gentlemen, with the local news being topped by a real estate M&amp;A, management shake ups and AUC getting a new president. 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The plot is in\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":556472,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/27\/madinet-nasr-to-acquire-real-estate-firm-minka-gets-new-ceo-as-part-of-the-transaction\/","url_meta":{"origin":556864,"position":1},"title":"Madinet Nasr to acquire real estate firm Minka, gets new CEO as part of the transaction","author":"enterpriseam admin","date":"27 October 2021","format":false,"excerpt":"Madinet Nasr Housing and Development (MNHD) is looking to acquire real estate firm Minka Development for EGP 200-220 mn, the company\u2019s head of investor relations, Salah Katamish, told us yesterday following a regulatory filing (pdf) from the company on Sunday. 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