{"id":561783,"date":"2021-04-21T03:43:04","date_gmt":"2021-04-21T03:43:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/21\/this-morning-aldar-kicking-off-dd-on-sodic-soon-derek-chauvin-found-guilty-of-murdering-george-floyd\/"},"modified":"2021-04-21T03:43:04","modified_gmt":"2021-04-21T03:43:04","slug":"this-morning-aldar-kicking-off-dd-on-sodic-soon-derek-chauvin-found-guilty-of-murdering-george-floyd","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/21\/this-morning-aldar-kicking-off-dd-on-sodic-soon-derek-chauvin-found-guilty-of-murdering-george-floyd\/","title":{"rendered":"THIS MORNING: Aldar kicking off DD on Sodic soon + Derek Chauvin found guilty of murdering George Floyd"},"content":{"rendered":"<p><strong>Good morning, nice people, and welcome to a very busy morning <\/strong>for news on this ninth day of Ramdan.<\/p>\n<p><strong>THE BIG STORY here at home on this fine April morning: <\/strong>News that the UAE\u2019s Aldar will shortly begin due diligence on its blockbuster offer for a controlling stake in upmarket real estate developer Sodic. We have chapter and verse on this and much more in this morning\u2019s news well, below.<\/p>\n<p><strong>MUST READ- Our deep dive into what\u2019s wrong with the nation\u2019s railway system <\/strong>as multiple investigations continue into recent crashes that have claimed dozens of lives and injured scores more. See today\u2019s Hardhat, below.<\/p>\n<p><strong>THE BIG STORY ABROAD: Former US police officer Derek Chauvin is guilty of<\/strong><strong> murder and manslaughter<\/strong> in the killing of George Floyd last May, a jury found yesterday. Chauvin now faces up to 75 years in prison, with his formal sentencing due in eight weeks. Chauvin was caught on camera last May compressing Floyd's neck for around eight minutes while arresting him for allegedly using a fake USD 20 bill at a corner store. The story is front-page news on most international outlets this morning: <a href=\"https:\/\/www.reuters.com\/world\/us\/jurors-resume-deliberations-derek-chauvin-murder-trial-2021-04-20\/\">Reuters<\/a> | <a href=\"https:\/\/www.nytimes.com\/live\/2021\/04\/20\/us\/derek-chauvin-verdict-george-floyd\">The New York Times<\/a> | <a href=\"https:\/\/edition.cnn.com\/us\/live-news\/derek-chauvin-trial-04-20-21\/index.html\">CNN<\/a> | <a href=\"https:\/\/www.ft.com\/content\/7e54b78d-6988-4937-9c93-b9ecfe735a50\">The Financial Times<\/a>.<\/p>\n<p><strong>Just as iSheep were expecting, Apple answered every absent-minded human\u2019s prayers <\/strong><strong>with yesterday\u2019s unveiling of its new AirTags<\/strong> \u2014 tiny devices that can be tacked onto anything from your keys to your wallet. Apple\u2019s first product launch event of the year was a blockbuster that also saw it roll out:<\/p>\n<ul>\n<li>An updated iPad Pro with the same Apple-designed M1 processor that powers the company\u2019s new laptops;<\/li>\n<li>A new range of colorful M1 iMac desktops \u2014 with awesome new keyboards to choose from;<\/li>\n<li>A subscription podcast offering and, for the first time, what looks like a workable remote.<\/li>\n<\/ul>\n<p><strong>Need to geek out? <\/strong><a href=\"https:\/\/www.theverge.com\/apple-event\">The Verge<\/a> has a long list of stories to choose from (their <a href=\"https:\/\/www.theverge.com\/2021\/4\/20\/22384269\/apple-event-live-blog-news-announcements-ipad-pro-spring-loaded\">live blog of Apple<\/a><a href=\"https:\/\/www.theverge.com\/2021\/4\/20\/22384269\/apple-event-live-blog-news-announcements-ipad-pro-spring-loaded\">events<\/a> is always worth a read), while <a href=\"https:\/\/sixcolors.com\/post\/2021\/04\/notes-on-the-m1-imac\/\">Jason Snell<\/a> and <a href=\"https:\/\/sixcolors.com\/post\/2021\/04\/the-fine-print-what-apple-didnt-talk-about\/\">Dan Moren<\/a> at Six Colors are must-reads.<\/p>\n<p><strong>SIGN OF THE TIMES- Netflix\u2019s subscriber growth slowed down in the first quarter <\/strong>as economies around the world started to <a href=\"https:\/\/www.wsj.com\/articles\/netflix-faces-new-test-as-economies-reopen-11618911003?mod=hp_lead_pos1\">\u201cemerge from pandemic-related lockdowns.\u201d<\/a><\/p>\n<p><strong>Some good news on the vaccine front: Johnson & Johnson is <\/strong><strong><a href=\"https:\/\/www.reuters.com\/business\/johnson-johnson-reports-100-million-quarterly-covid-19-vaccine-sales-2021-04-20\/\">back to rolling out its<\/a><\/strong><strong><a href=\"https:\/\/www.reuters.com\/business\/johnson-johnson-reports-100-million-quarterly-covid-19-vaccine-sales-2021-04-20\/\">one-shot jab<\/a><\/strong> in Europe after adding a warning label about a (very, very) rare risk of blood clots in some people.<\/p>\n<p><strong>How the hell could this end badly? Scientists in China have created the first \u201cchimeric <\/strong><strong>human-monkey embryos\u201d<\/strong> \u2014 and kept them \u201calive\u201d for up to 20 days in the lab. The news raises really (really) significant questions about ethics and the power we now have in the lab, <a href=\"https:\/\/www.statnews.com\/2021\/04\/15\/international-team-creates-first-chimeric-human-monkey-embryos\/\">Stat News writes<\/a>. The story is a must-read, and not just for bio nerds.<\/p>\n<p><strong>WHAT\u2019S HAPPENING TODAY- <\/strong><\/p>\n<p><strong>European Bank for Reconstruction and Development (EBRD) President Odile <\/strong><strong>Renaud-Basso is set to touch down in Cairo today<\/strong> to kick off a two-day visit to the capital, according to <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1910484172463272\">a statement<\/a>. During the visit \u2014 her first to the Southern and Eastern Mediterranean region since taking office in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4d62247d-5db3-44c1-9a41-fd7bf5b97c62\">October<\/a> 2020 \u2014 Renaud-Basso will sit down with officials including the ministers of international cooperation, electricity, housing, and local development, as well as folks from the private sector.<\/p>\n<p><strong>Expect to see a number of joint cooperation agreements being signed during the visit<\/strong>, the statement said, without additional detail.<\/p>\n<p><strong>*** CATCH UP QUICK<\/strong> with the top stories from yesterday\u2019s edition of EnterprisePM:<\/p>\n<ul>\n<li><strong>The great Russian return?<\/strong> Moscow <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/804c3df1-f504-4a20-9ecf-697adad85ccf\">could finally resume<\/a> direct flights to Red Sea resorts within a month after a five-year hiatus.<\/li>\n<li><strong>Alex Medical bidding war:<\/strong> Seha Capital is the latest to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/30d8bd33-9c24-4c1a-b612-fd0cbb4290d3\">throw its hat in the ring<\/a> for Abu Dhabi Commercial Bank\u2019s 51.54% stake.<\/li>\n<li><strong>Financing for second hand homes:<\/strong> Real estate platform Isqan and Qasatli will <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7f54e8f1-9256-4cba-b41c-6c4f8fd06207\">offer installment plans<\/a> to homebuyers for resale units.<\/li>\n<\/ul>\n<p><strong>** So, when do we eat?<\/strong> Maghreb prayers will release us from our fast at 6:26 pm, and we\u2019ll have until 3:49 am to eat and hydrate.<\/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>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>The Central Bank of Egypt will meet to review rates next<\/strong> <strong>Thursday, 29 April.<\/strong> We\u2019ll have our customary poll of economists and analysts on the expected outcome from the central bank\u2019s Monetary Policy Committee at the beginning of next week.<\/p>\n<p><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p class='web-image'><img data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/Web-view-01.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, urban development and as well as social infrastructure such as health and education.<\/p>\n<p><strong>In today\u2019s issue: What\u2019s really wrong with Egypt\u2019s rail system? <\/strong>Five train accidents in the past month have killed 30 people and injured more than 100. As investigations into the causes of these incidents are still underway, we looked into what has been done to upgrade and modernize Egypt\u2019s railway network and what other factors \u2014 besides physical infrastructure \u2014 need to be dealt with in order to reduce the number of train accidents in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, nice people, and welcome to a very busy morning for news on this ninth day of Ramdan. THE BIG STORY here at home on this fine April morning: News that the UAE\u2019s Aldar will shortly begin due diligence on its blockbuster offer for a controlling stake in upmarket real estate developer Sodic. We [&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":[7204],"tags":[101,571,72,125,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561783","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-development-finance","tag-ebrd","tag-enterpriseam","tag-investment-watch","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"506b4685-e431-4a83-bbd6-13c2d3eeb75e","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[561781],"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 MORNING: Aldar kicking off DD on Sodic soon + Derek Chauvin found guilty of murdering George Floyd - 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\/04\/21\/this-morning-aldar-kicking-off-dd-on-sodic-soon-derek-chauvin-found-guilty-of-murdering-george-floyd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS MORNING: Aldar kicking off DD on Sodic soon + Derek Chauvin found guilty of murdering George Floyd\" \/>\n<meta property=\"og:description\" content=\"Good morning, nice people, and welcome to a very busy morning for news on this ninth day of Ramdan. 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US inflation at 30-year high; Deadline for Anghami SPAC merger.","author":"enterpriseam admin","date":"11 November 2021","format":false,"excerpt":"Good morning, wonderful people. We\u2019ve nearly made it through another workweek together, and our reward is a blockbuster issue on a morning that\u2019s simply jam-packed with news.SOMETHING THAT DELIGHTED US this morning: EFG Hermes is hosting a PHYSICAL One on One. Save the dates went out yesterday for the sixteenth\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":612295,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/20\/egypt-kuwait-holding-appoints-omar-nashaat-as-ir-director\/","url_meta":{"origin":561783,"position":2},"title":"Egypt Kuwait Holding appoints Omar Nashaat as IR director","author":"enterpriseam admin","date":"20 December 2023","format":false,"excerpt":"Nashaat most recently served as the vice president of investor relations at Dubai\u2019s Aldar","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1348.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561785,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/21\/aldar-to-begin-dd-on-sodic-within-days-magued-sherif\/","url_meta":{"origin":561783,"position":3},"title":"Aldar to begin DD on Sodic \u201cwithin days\u201d -Magued Sherif","author":"enterpriseam admin","date":"21 April 2021","format":false,"excerpt":"The UAE\u2019s Aldar Properties is expected to begin due diligence on EGX-listed Sodic \u201cwithin days\u201d as it seeks a majority stake in the upmarket real estate developer, SODIC chief Magued Sherif said in an interview with Al Arabiya (watch,runtime: 9:45). Sodic has already begun providing \u201cthe necessary data\u201d for Aldar\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\/2021\/4\/209.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554919,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/22\/tonight-aldar-adq-bid-for-sodic-gets-fra-nod-are-equity-markets-on-the-brink-of-a-correction\/","url_meta":{"origin":561783,"position":4},"title":"TONIGHT: Aldar-ADQ bid for SODIC gets FRA nod + are equity markets on the brink of a correction?","author":"enterpriseam admin","date":"22 November 2021","format":false,"excerpt":"Good afternoon, friends. Mondays are typically the slowest news days of the week, but today probably takes the cake \u2014 save for one massive story: THE BIG STORY TODAY- Aldar-ADQ acquisition of SODIC gets FRA nod: The UAE\u2019s Aldar Properties and sovereign wealth fund ADQ\u2019s bid to acquire 90% of\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":[]},{"id":565017,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/14\/uaes-aldar-makes-offer-for-majority-stake-in-sodic\/","url_meta":{"origin":561783,"position":5},"title":"UAE\u2019s Aldar makes offer for majority stake in Sodic","author":"enterpriseam admin","date":"14 March 2021","format":false,"excerpt":"The UAE\u2019s Aldar wants a controlling stake in Sodic: Emirati real estate firm Aldar Properties has submitted a non-binding offer to acquire at least 51% of real estate giant Sodic\u2019s shares for EGP 18-19 per share, the two companies said in separate bourse disclosures (here and here -pdfs) this morning.\u2026","rel":"","context":"In &quot;SPEED ROUND: M&amp;A WATCH&quot;","block_context":{"text":"SPEED ROUND: M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/458.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/561783","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=561783"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/561783\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/561781"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=561783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=561783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=561783"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=561783"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=561783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}