{"id":566214,"date":"2021-06-03T13:26:24","date_gmt":"2021-06-03T13:26:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/03\/tonight-just-how-good-are-those-chinese-jabs-also-idh-is-looking-at-ma-targets-but-isnt-promising-to-close-one-this-year\/"},"modified":"2021-06-03T13:26:24","modified_gmt":"2021-06-03T13:26:24","slug":"tonight-just-how-good-are-those-chinese-jabs-also-idh-is-looking-at-ma-targets-but-isnt-promising-to-close-one-this-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/03\/tonight-just-how-good-are-those-chinese-jabs-also-idh-is-looking-at-ma-targets-but-isnt-promising-to-close-one-this-year\/","title":{"rendered":"TONIGHT- Just how good are those Chinese jabs? Also: IDH is looking at M&A targets, but isn\u2019t promising to close one this year"},"content":{"rendered":"

Well, friends, we\u2019ve made it through another workweek together <\/strong>\u2014 and our reward after a heavy news day is another weekend of beautiful weather, with daytime highs of just 34\u00b0C. Perfect weather for some tennis, if you ask us.<\/p>\n

THE BIG STORY here at home today? M&A, baby. <\/strong>Lest you need any reminder that 2021 is shaping up as a great year for M&A (the lawyers and bankers thank you all), we have more on ADQ\u2019s reported quest for a stake in Juhayna<\/strong> \u2014 and news that the Abu Dhabi fund is facing a challenge from a Saudi outfit in its bid for a stake in the military\u2019s Wataniya filling stations network<\/strong>. We have chapter and verse in this afternoon\u2019s Speed Round, below.<\/p>\n

<\/a> MEANWHILE- Good news for our regional energy hub ambitions: It looks like we could <\/strong>get access to even more Israeli natural gas<\/strong> as our neighbors to the east mull rolling back limits on exports that have been in place for nearly a decade, according to a draft government report seen by Reuters<\/a>. Lifting the lid on exports comes as Israel looks to boost natural gas sales abroad before global demand starts to fade as the world shifts away from fossil fuels \u2014 and as it works to encourage more natural gas drilling off its coast. The country had previously limited exports to set aside some 60% of its reserves for domestic use.<\/p>\n

Egypt will import over 85 bcm of gas from Israel\u2019s Leviathan and Tamar fields through to <\/strong>2034<\/strong> under a landmark USD 19.5 bn agreement<\/a> signed in 2018 by Alaa Arafa\u2019s Dolphinus with the field\u2019s partners, which were led by Delek and Texas-based Noble Energy at the time. Natural gas shipments started flowing into Arish early last year<\/a>.<\/p>\n

ALSO: Consumer healthcare giant Integrated Diagnostics Holding (IDH) is indeed on the <\/strong>lookout for new acquisitions <\/strong>(as we reported earlier this week) but hasn\u2019t decided on when to pull the trigger<\/strong>, a company official told us, clarifying a story in Al Mal<\/a> this morning claiming that IDH was committed to an acquisition this year. IDH is screening a number of potential targets, but there is no set timeline as to when it plans to execute on them, the official said.<\/p>\n

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