{"id":566848,"date":"2021-07-25T14:00:06","date_gmt":"2021-07-25T14:00:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/25\/tonight-uaes-al-dar-has-30-days-for-sodic-mto-check-out-egypts-performance-so-far-in-tokyo-olympics\/"},"modified":"2021-07-25T14:00:06","modified_gmt":"2021-07-25T14:00:06","slug":"tonight-uaes-al-dar-has-30-days-for-sodic-mto-check-out-egypts-performance-so-far-in-tokyo-olympics","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/25\/tonight-uaes-al-dar-has-30-days-for-sodic-mto-check-out-egypts-performance-so-far-in-tokyo-olympics\/","title":{"rendered":"TONIGHT: UAE\u2019s Al Dar has 30 days for SODIC MTO. + Check out Egypt\u2019s performance so far in Tokyo Olympics."},"content":{"rendered":"<p><strong>Corporate Egypt is easing back into the workweek <\/strong>after a long Eid vacation \u2014 and the summer news slowdown seems to be in full swing abroad, compounded by this being the opening weekend of the 2020 Tokyo Olympics.<\/p>\n<p><strong>THE BIG STORY of the day here at home:<\/strong> The UAE\u2019s Aldar has another 30 working days to submit a mandatory tender offer to take control of upmarket real estate developer SODIC. We have chapter and vest in this afternoon\u2019s Speed Round, below.<\/p>\n<p><strong>THE BIG STORY ABROAD? It\u2019s a really vanilla news day in the west. <\/strong>The Financial Times is leading with news that <a href=\"https:\/\/www.ft.com\/content\/66afff06-cee0-4e83-ba86-be674baee2c7\">SoftBank\u2019s play on China has left it in the red<\/a>, while the Wall Street Journal is trumpeting that \u201c<a href=\"https:\/\/www.wsj.com\/articles\/investors-are-buying-american-11627205402?mod=hp_lead_pos1\">investors are buying American<\/a>\u201d after global money managers put more than USD 900 bn into US funds in the first half of the year, a new record.<\/p>\n<p><strong>On the wires: <\/strong>Reuters is leading with an Olympic update, including <a href=\"https:\/\/www.reuters.com\/lifestyle\/sports\/japan-pm-offers-congrats-gold-medallist-games-heat-up-2021-07-25\/\">Tunisia\u2019s Ahmed Hafnaoui<\/a><a href=\"https:\/\/www.reuters.com\/lifestyle\/sports\/japan-pm-offers-congrats-gold-medallist-games-heat-up-2021-07-25\/\">taking gold in the men\u2019s 400 mn freestyle swimming event<\/a> in a victory that \u201cstunned the swimming superpowers.\u201d Bloomberg, meanwhile, thinks we need to keep an eye for \u201c<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-07-25\/record-profits-and-blockbuster-dividends-here-come-the-miners?srnd=premium-middle-east&sref=mmeFTDW1\">record profits followed by eye-watering dividend payouts<\/a>\u201d as mining companies start reporting how much they\u2019ve made amid the ongoing global commodities boom.<\/p>\n<hr class=\"grey-line\">\n<p><strong>** CATCH UP QUICK <\/strong>on the top stories from today\u2019s<strong> EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>Fuel prices hiked for second consecutive quarter: <\/strong>Motorists will now pay an extra EGP 0.25 per liter for 95, 92 and 80 octane fuel during 3Q2021 after the government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/cf297186-02db-44bd-9f47-ac1b4e8b9a52\">increased fuel prices<\/a> in response to rising international oil prices.<\/li>\n<li><strong>FRA approves Bank ABC\u2019s MTO to purchase Blom Bank Egypt: <\/strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/511ea1c2-3ad6-446a-bcb2-5147b5743df1\">The transaction<\/a> would see the Gulf lender purchase up to 100% of Blom Egypt at EGP 22.33 a share, valuing the business at USD 427 mn.<\/li>\n<li><strong>Russian flights to the Red Sea to resume in 2 weeks:<\/strong> Flights between Moscow and Egypt\u2019s Red Sea resorts <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/93a8a41f-61de-4ec4-8ec1-5b1d4089639f\">will resume on 9 August<\/a> following a six-year hiatus, with five flights to run weekly to Sharm El Sheikh and Hurghada.<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><strong>YOUR MANDATORY COVID STORY- The race is on for a covid-19 treatment in pill form: <\/strong>Japan\u2019s Shionogi is developing a once-a-day pill for covid-19, with human trials starting this month and expected to continue into next year, writes the <a href=\"https:\/\/www.wsj.com\/articles\/covid-19-pill-race-heats-up-as-japanese-firm-vies-with-pfizer-merck-11627205403?mod=hp_lead_pos3\">Wall Street Journal<\/a>. <strong>Pfizer and Merck are also developing pills that aim to neutralize the coronavirus. <\/strong><\/p>\n<p><strong>But there\u2019s a catch: <\/strong><a href=\"https:\/\/www.timesofisrael.com\/israeli-covid-vaccine-in-pill-form-to-start-clinical-trial-in-tel-aviv\/\">None of them are the so-called \u201cvaccine pill,\u201d<\/a> which is about to start clinical trials in Israel.<\/p>\n<p><strong>SIGN OF THE TIMES- Trading app Robinhood held an open-to-all roadshow, defying conventions <\/strong><strong>again ahead of its expected Thursday debut on the Nasdaq<\/strong>, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-07-24\/robinhood-ditches-ipo-traditions-again-in-a-roadshow-open-to-all?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>. The trading app live-streamed its presentation yesterday instead of limiting the event to large institutional investors. The upcoming IPO is also shaping up to be far from traditional, with Robinhood reserving as much as 35% of its shares for traders from its own app in one of the largest retail allocations ever. The current target range for shares is between USD 38-42. The company is seeking to raise about USD 2 bn, and is trading under the ticker HOOD.<\/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 Clean Energy Business Council will host <\/strong><strong><a href=\"https:\/\/www.eventbrite.ca\/e\/joint-event-wire-clean-energy-business-council-mena-tickets-157709897549\">a webinar<\/a><\/strong><strong> focused on female entrepreneurs<\/strong> in the MENA renewable energy scene at 3 pm on Wednesday, 28 July.<\/p>\n<p><strong>Egypt will host the <\/strong><strong><a href=\"https:\/\/www.africa-foodmanufacturing.com\/en\/Home.html\">Africa Food Manufacturing<\/a><\/strong><strong> exhibition<\/strong> at the Egypt International Exhibition Center on 2-4 August.<\/p>\n<p><strong>The Central Bank of Egypt will meet to review interest rates<\/strong> on Thursday, 5 August.<\/p>\n<p><strong>That means it\u2019s more important than usual to keep an eye on the US Federal Reserve this <\/strong><strong>week<\/strong>, which is meeting on Tuesday and Wednesday of this week. <a href=\"https:\/\/www.cnbc.com\/2021\/07\/23\/earnings-federal-reserve-are-next-big-catalysts-as-stocks-enter-week-ahead-on-an-upswing.html\">CNBC<\/a> notes that the Fed isn\u2019t expected to take action, but figures odds are good the central bank will mention the possible winding down of its bond program \u2014 a development that \u201ccould move the markets since the tapering of the central bank\u2019s bond purchases is seen as the first step on the way to interest rate hikes.\u201d<\/p>\n<p><strong>Speaking of the Fed: Pundits are already wondering whether Jay Powell will be <\/strong><strong>reappointed <\/strong>when his term expires in February. The <a href=\"https:\/\/www.wsj.com\/articles\/fed-chair-powell-enjoys-support-for-reappointment-but-hes-not-a-lock-11626859803\">Wall Street Journal<\/a> suggests that Powell is in line to be reappointed, but suggests \u201cFed governor Lael Brainard is the most likely candidate to succeed him\u201d if Joe Biden \u201cdecides he would prefer his own pick.\u201d<\/p>\n<p>? <strong>FOR YOUR COMMUTE-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>SMART POLICY- Make companies pay for the cost of recycling. <\/strong>Egypt\u2019s solid waste problem isn\u2019t simple \u2014 and we\u2019re a bit tired of responsibility being piled on the private sector with comparatively few benefits on the other side \u2014 but a movement in the United States to force companies that use packaging to pay for the cost of the consumer waste they help produce is definitely worth a read. Go read <a href=\"https:\/\/www.nytimes.com\/2021\/07\/21\/climate\/maine-recycling-law-EPR.html\">Maine will make companies pay for recycling. Here\u2019s How it works.<\/a><\/p>\n<p><strong>The European Union is proposing the first carbon border levy by 2026 to <\/strong><strong>combat climate change<\/strong>, according to the <a href=\"https:\/\/www.ft.com\/content\/de7d12e2-0d04-43d4-b38c-cf795854a4a2\">Financial Times<\/a>, though exporters to the EU think it could put foreign trade at risk. Russia \u2014 Europe\u2019s biggest supplier of oil, coal, rolled steel and aluminium \u2014 estimates that the climate tax could cost it USD 7.6 bn. The EU, however, maintains that the policy targets companies rather than countries, calling it an environmental policy tool to push for climate change, rather than a tariff that meddles with international trade.<\/p>\n<p><strong>The Wall Street Journal is killing it with a series that looks at what the EV revolution will <\/strong><strong>mean for the automotive industry<\/strong>, from manufacturing to who\u2019s going to make a buck building and running charging stations. Among the stories worth a moment of your time:<\/p>\n<ul>\n<li><strong>EV sales are growing faster than are sales in the wider automotive industry<\/strong>, <a href=\"https:\/\/www.wsj.com\/articles\/electric-vehicle-sales-growth-outpaces-broader-auto-industry-11627032601\">the paper reports<\/a>, noting that \u201cNew plug-in models from Tesla, Ford, VW and others helped to boost demand\u201d;<\/li>\n<li><strong>Companies (and families) that have spent generations making car parts are scrambling to retool<\/strong> <a href=\"https:\/\/www.wsj.com\/articles\/gas-engines-cast-aside-electric-vehicles-job-losses-detroit-11627046285\">as the world moves to EVs<\/a>. The \u201ctransition is not yet noticeable in showrooms, but industry resources have shifted\u201d;<\/li>\n<li><strong>Who\u2019s going to make bank running charging infrastructure?<\/strong> Utilities and startups are \u201cjoining forces\u201d in the US, but <a href=\"https:\/\/www.wsj.com\/articles\/rush-to-build-ev-charging-stations-comes-without-promise-of-profit-11627205402?mod=hp_lead_pos7\">the Journal worries<\/a> about the chicken-and-egg dilemma \u2014 and about stress on existing electricity networks as fast-charging stations build out.<\/li>\n<\/ul>\n<p><strong>? <\/strong><strong>ON THE TUBE TONIGHT-<\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.netflix.com\/eg-en\/title\/81046147\">Bankrolled<\/a><\/strong><strong>, a Mexican TV comedy, follows two \u201cdirectionless millennial bros\u201d as <\/strong><strong>they try to vault to success by becoming entrepreneurs.<\/strong> After debating ingenious startup ideas such as fartless diapers, Polo and Blas pitch a social justice \/ social media app that raises mns through crowdfunding. It all sounds fine and dandy, except for the fact that the duo can\u2019t remember the pitch, don\u2019t actually have an app \u2014 and have no idea how to make one. The series follows the pair as they attempt to put together a team and create the firm that was promised to their many investors. The show the sometimes hollow nature of the buzz surrounding tech startups, and the sheer luck that can fuel success.<\/p>\n<p><strong>? TODAY IN THE TOKYO OLYMPICS: <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Egypt\u2019s football team suffered a narrow defeat against Argentina, losing 0-1.<\/strong> The Young Pharaohs are in the \u2018group of death\u2019 alongside European champions Spain, Argentina, and Australia. The U23 national team managed to hold their own against Spain with a 0-0 tie over the weekend and will next face Australia on 28 July.<\/p>\n<p><strong>Can Egypt advance to the knockout stage? <\/strong>We\u2019re currently in last place with a single point, while Spain has four and both Argentina and Australia have three. The best case scenario for Egypt is to beat Australia on Wednesday, while Spain has to beat Argentina during their match on the same day.<\/p>\n<p><strong>Egyptian tennis player Mohamed Safwat is out of the Tokyo Olympics<\/strong> after losing against Colombia\u2019s Daniel Elahi Galan in the first round of the tournament.<\/p>\n<p><strong>Other Olympics results:<\/strong><\/p>\n<ul>\n<li><strong>Fencer Mohamed Elsayed lost <\/strong>to Ukraine\u2019s Ihor Reizlin in the ep\u00e9e men\u2019s quarterfinals;<\/li>\n<li><strong>Teammate Noura Mohamed also lost <\/strong>in the women\u2019s individual foil to Japan\u2019s Yuka Ueno;<\/li>\n<li><strong>Rower Abdelkhalek Elbanna <\/strong>came in fifth in the men\u2019s single scull quarterfinals with a time of 7:32:86;<\/li>\n<li><strong>Doha Hany was defeated in badminton women\u2019s singles<\/strong>, losing to China\u2019s Chen Yufei;<\/li>\n<li><strong>Doha <\/strong><strong>Hany and Adham Hatem Elgamal lost in the mixed doubles<\/strong> against South Korean duo Chae Yoo-jung and Seo Seung-jae.<\/li>\n<li>No Egyptians qualified for the artistic gymnastics categories.<\/li>\n<\/ul>\n<p><strong>WORLD STANDINGS- China so far leads the standings with six gold medals<\/strong> in the first two days of games, followed by Japan with five and the US with four. Tunisia leads the Arab world (and is number nine overall) with one gold and one silver.<\/p>\n<p><strong>HAPPENING TOMORROW: The handball team goes up against world champion <\/strong><strong>Denmark<\/strong> at 7:15am CLT, while Azmy Mehelba and Mostafa Hamdy are competing in the shooting\u2019s men\u2019s skeet tomorrow<sup><\/sup> at 3am. As for taekwondo, Hedaya Malak \u2014 who snagged a bronze medal at the Rio Olympics \u2014 is going up against France\u2019s Magda Wiet-Henin in the women\u2019s 67kg round, while Seif Eissa will face off against Australia\u2019s Jack Marton in the men\u2019s 80kg round.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><strong>If you\u2019re a fellow sandwich fanatic, check out this new Sahel joint:<\/strong> Describing itself as the \u2018smoke \u2018n\u2019 roll sandwich shop\u2019, <a href=\"https:\/\/www.instagram.com\/itseasys\/?utm_medium=copy_link\">Easy\u2019s<\/a> has opened up in Hacienda White and offers smoked meat galore. The sandwiches are imposing meat towers, with a short and sweet menu that offers a handful of options including smoked and pulled beef. Easy\u2019s fries come with cheese and brisket on top, in a side dish that could be a meal on its own. For those of you who don\u2019t feel particularly carnivorous, they also offer lobster and shrimp rolls.<\/p>\n<p>?<strong> OUT AND ABOUT-<\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.facebook.com\/Picassoartgalleryzamalek\/\">Picasso Art Gallery<\/a><\/strong><strong> is holding their Summer Exhibition at Marassi Clubhouse in Sahel<\/strong> until 10 September.<\/p>\n<p><strong>It\u2019s stand-up comedy open mic night at The Room New Cairo<\/strong> <a href=\"https:\/\/www.facebook.com\/events\/364387638446455?acontext=%7B%22event_action_history%22%3A[%7B%22surface%22%3A%22page%22%7D]%7D\">tonight at 8pm<\/a>.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><strong>Could framing our problems differently help us come up with innovative ways to solve <\/strong><strong>them? <\/strong><a href=\"https:\/\/www.amazon.com\/Framers-Human-Advantage-Technology-Turmoil-ebook\/dp\/B08JKPL48K\">Framers: Human Advantage in an Age of Technology and Turmoil<\/a> looks at the biggest risks to humanity and explores whether the way they\u2019re framed can help us overcome them. \u201cTo frame is to make a mental model that enables us to see patterns, predict how things will unfold, and make sense of new situations,\u201d write authors Kenneth Cukier, Viktor Mayer-Sch\u00f6nberger and Francis de V\u00e9ricourt. Frames have become essential as computers take on more cognitive functions, leaving humans with the task of putting them into context. The book illustrates the argument with compelling examples such as covid-19, #MeToo, and the Apple\/Spotify music rivalry.<\/p>\n<hr class=\"grey-line\">\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>Monday weather is expected to be 38\u00b0C in Cairo. Enjoy the respite \u2014 the mercury is heading steadily upward before settling in the 40s next week. Look for 31\u00b0C in Sahel tomorrow, our favorite weather app tells us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Corporate Egypt is easing back into the workweek after a long Eid vacation \u2014 and the summer news slowdown seems to be in full swing abroad, compounded by this being the opening weekend of the 2020 Tokyo Olympics. THE BIG STORY of the day here at home: The UAE\u2019s Aldar has another 30 working days [&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":[682,147,1053,633,7192,78,450,373,120,146,451,312,162,452,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566848","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-carbon-footprint","tag-climate-change","tag-dividends","tag-enterprisepm","tag-eu","tag-ipo-watch","tag-merck","tag-mining","tag-nasdaq","tag-pfizer","tag-recycling","tag-sodic","tag-sports","tag-waste-management","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"f429474a-9e8c-4b08-9341-cfafda382c95","order":"0","is_powered_by":true,"story_type":"4","photo_url":"","photo_position":"above","related_issue":[566846],"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: UAE\u2019s Al Dar has 30 days for SODIC MTO. + Check out Egypt\u2019s performance so far in Tokyo Olympics. - 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\/07\/25\/tonight-uaes-al-dar-has-30-days-for-sodic-mto-check-out-egypts-performance-so-far-in-tokyo-olympics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TONIGHT: UAE\u2019s Al Dar has 30 days for SODIC MTO. + Check out Egypt\u2019s performance so far in Tokyo Olympics.\" \/>\n<meta property=\"og:description\" content=\"Corporate Egypt is easing back into the workweek after a long Eid vacation \u2014 and the summer news slowdown seems to be in full swing abroad, compounded by this being the opening weekend of the 2020 Tokyo Olympics. 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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":554939,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/23\/tonight-were-getting-more-development-financing-from-aiib-sodic-shareholders-have-10-days-to-respond-to-aldar-adq-mto-plus-biden-turns-on-the-oil-taps\/","url_meta":{"origin":566848,"position":1},"title":"TONIGHT: We\u2019re getting more development financing from AIIB + SODIC shareholders have 10 days to respond to Aldar-ADQ MTO. Plus: Biden turns on the oil taps","author":"enterpriseam admin","date":"23 November 2021","format":false,"excerpt":"Happy hump day, wonderful people, and welcome to another relatively calm afternoon for the news as we slide towards the weekend.THE BIG STORIES TODAY- The Asian Infrastructure Investment Bank (AIIB) approved a USD 360 mn loan to support Egypt\u2019s post-covid economic recovery, according to a cabinet statement. The loan comes\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":555020,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/tonight-were-still-at-zero-omicron-at-home-sodic-gives-aldar-adq-offer-its-blessing\/","url_meta":{"origin":566848,"position":2},"title":"TONIGHT: We\u2019re still at zero Omicron at home + SODIC gives Aldar-ADQ offer its blessing","author":"enterpriseam admin","date":"29 November 2021","format":false,"excerpt":"It\u2019s another Omicron-led news day, ladies and gentlemen. The new variant is still very much driving the conversation abroad on an otherwise quiet afternoon in global headlines. 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