{"id":585162,"date":"2023-04-11T00:00:00","date_gmt":"2023-04-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/11\/this-evening-is-swvl-considering-acquisition-offers-plus-leaked-us-military-files-prompt-internal-reviews\/"},"modified":"2023-04-11T00:00:00","modified_gmt":"2023-04-11T00:00:00","slug":"this-evening-is-swvl-considering-acquisition-offers-plus-leaked-us-military-files-prompt-internal-reviews","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/11\/this-evening-is-swvl-considering-acquisition-offers-plus-leaked-us-military-files-prompt-internal-reviews\/","title":{"rendered":"THIS EVENING: Is Swvl considering acquisition offers? Plus: Leaked US military files prompt internal reviews"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Good afternoon, ladies and gentlemen, and welcome to hump day.<\/span><span style=\"\"> We\u2019re halfway through<\/span><span style=\"font-weight:400;\"> the week and are very much looking forward to the next few long weekends ahead.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Speaking of which:<\/span><span style=\"\"> The private sector will get a paid day off next Monday, 17 April for Sham El<\/span><span> Nessim, the Manpower Ministry confirmed in <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0U4otcthEFiGnDU4X7CG8LT9H6CVW8Ua3XxvvtgxXuVY98CH8tWLCToK7arb4DvTDl\" style=\"\">a statement today<\/a><\/span><span>. The public sector, banks, and the EGX will also be getting the day off. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">** SO, WHEN DO WE EAT?<\/span><span style=\"\"> We\u2019ll be breaking our fasts at 6:20pm CLT today. You have until <\/span><span>4:01am tomorrow morning to hydrate and grab a bite to eat. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THE BIG STORY TODAY<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">At risk of delisting, Swvl is contemplating new investment offers: <\/span><span style=\"\">Cairo-born<\/span><span> mass transit app Swvl is considering acquisition and partnership offers from investors as it tries to avoid being delisted from the Nasdaq Stock Exchange, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/4070RBe\" style=\"\">Al Mal<\/a><\/span><span style=\"font-weight:400;\"> reports, citing sources it says have knowledge of the offers.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">THE BIG STORY ABROAD<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The Pentagon is still in the hot seat over leaked US military documents<\/span><span style=\"\">, as President Joe<\/span><span> Biden faces thorny talks abroad and plans to meet up with UK and South Korea leaders this week. The leaked classified information is causing tension between the US and its allies, due to the sensitivity of the information and the revelation of the depths of the US\u2019 spying activities. As the Pentagon continues its hunt for the source of the leaks \u2014 which US officials say is likely from within the country, rather than from Russia \u2014 US agencies are conducting internal reviews to determine how the leaks were made possible.. The story is getting plenty of ink in the international press this afternoon: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-11\/biden-faces-awkward-talks-abroad-as-us-reels-from-intelligency-breach\" style=\"\">Bloomberg<\/a><\/span><span>| <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/us\/intel-leak-has-us-officials-bracing-impact-home-abroad-2023-04-10\/\" style=\"\">Reuters<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.washingtonpost.com\/world\/2023\/04\/11\/russia-ukraine-war-news\/\" style=\"\">Washington Post<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ALSO- The Dalai Lama has issued a <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/twitter.com\/DalaiLama\/status\/1645312490597937152\" style=\"\">public apology<\/a><\/span><span style=\"font-weight:700\"> over a video of him asking a boy to \u201csuck<\/span><span style=\"font-weight:700\"> his tongue\u201d<\/span><span> after the boy asked the Dalai Lama for a hug. Tibet\u2019s spiritual leader apologized after the video \u2014 which was captured back in February \u2014 went viral on social media in the past few days.<\/span><span> A handful of the leader\u2019s supporters and cultural relativists tried to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.independent.co.uk\/asia\/india\/dalai-lama-tongue-kiss-boy-tibet-b2317664.html#:~:text=Sticking%20out%20your%20tongue%20is,the%20University%20of%20California%2C%20Berkeley.\" style=\"\">explain the unusual act<\/a><\/span><span> or dismiss it as \u201cplayful\u201d and harmless.<\/span><span>The story is getting ink on <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cnn.com\/2023\/04\/10\/india\/dalai-lama-apology-kissing-boy-video-intl-hnk\/index.html\" style=\"\">CNN<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/v\" style=\"\">Bloomberg<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/world\/india\/dalai-lama-apologises-after-video-asking-boy-suck-my-tongue-2023-04-10\/\" style=\"\">Reuters<\/a><\/span><span> | <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.euronews.com\/video\/2023\/04\/10\/dalai-lama-apologises-after-video-shows-him-kissing-a-young-boy-and-asking-him-to-suck-his\" style=\"\">Euronews<\/a><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">** CATCH UP QUICK<\/span><span style=\"\"> on the top stories from today\u2019s <\/span><span style=\"font-weight:700\">EnterpriseAM<\/span><span style=\"font-weight:400;\">:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Inflation came close to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;font-weight:700;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fed48338-9c78-413e-93c0-e2bc59f52ec4\" style=\"\">notching a record high<\/a><\/span><span style=\"font-weight:700\"> in March<\/span><span style=\"font-weight:400;\"> as prices continued to accelerate on the back of the series of currency devaluations, the foreign-currency crunch, higher fuel prices, and seasonal Ramadan demand.<\/span><\/li>\n<li><span style=\"font-weight:700\">It\u2019s NPH\u2019s turn:<\/span><span> Dubai-based National Paints Holding (NPH) is still in the race to acquire EGX-listed Paint and Chemical Industries (Pachin), yesterday <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/79e85a7d-b197-43f6-9148-05543ccf0442\" style=\"\">raising its offer<\/a><\/span><span style=\"font-weight:400;\"> by more than 5% in response to Eagle Chemicals\u2019 revised offer last week.<\/span><\/li>\n<li><span style=\"font-weight:700\">Aur Leasing and Factoring raises EGP 790 mn from securitization:<\/span><span style=\"font-weight:400;\"> Private equity outfit Aur Capital and Al Ahly Pharos have closed an EGP 790 mn securitized bond issuance for Aur Leasing and Factoring.<\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/422.jpeg?ssl=1\"\/><\/a><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The Enterprise Exports & FDI Forum, our latest industry-specific conference, is taking place on Monday, 15 May at Four Seasons, Nile Plaza. <\/span><span style=\"font-weight:400;\">The Enterprise Exports & FDI Forum will give insiders and newcomers alike the chance to talk about how to develop an export-centered business and how their companies can help us build an export-led economy that makes us a magnet for foreign direct investment (FDI). <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What\u2019s the Enterprise Exports & FDI Forum? <\/span><span>In the wake of successive floats of EGP, exports and FDI have never been more important to our economy \u2014 or our businesses. We\u2019re gathering some of the CEOs, top execs from local companies and multinationals, investors, bankers and finance folks to speak on how businesses can adapt their strategies to be export-oriented and what we as a country can do to draw foreign investment and much-needed FX. <\/span><span style=\"font-weight:700\">Expect it to be heavy on lessons learned in Egypt and other global growth markets \u2014 and lots of success stories.<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/index.html#aboutSection\" style=\"\">You can learn more on our conference website here<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Some of the biggest names in business and finance are on board \u2014 are you?<\/span><span> If you\u2019re a C-suite exec, business owner, DFI staff, export executive, investor or banker, please fill out the form <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\" style=\"\">here<\/a><\/span><span style=\"font-weight:400;\"> to signal your interest, letting us know your name, title and where you work.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">WANT TO BECOME A COMMERCIAL PARTNER?<\/span><span> Ping a note to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"mailto:mtaalab@inktankir.com\" style=\"\">Moustafa, our head of commercial, here<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">? CIRCLE YOUR CALENDAR-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">This is is our last full work week of the month<\/span><span style=\"font-weight:400;\">, before a spate of days off:<\/span><\/p>\n<ul>\n<li><span>Coptic Easter falls on<\/span><span style=\"font-weight:700\"> Sunday, 16 April<\/span><span>, which <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02JWnTK4kBXE2H79mhk8PqWETSQrN98PUnpcotakSSW25kCZrr5jKhp1BfrVKKF6nCl\" style=\"\">will be a bank holiday<\/a><\/span><span> and a day off for the bourse<\/span><span style=\"font-weight:400;\"> (but not a national holiday);<\/span><\/li>\n<li><span style=\"font-weight:700\">Monday, 17 April <\/span><span>is a public holiday for the <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0BNL8Rkb2kqTeGd758PhNDiQcgxtn1x1u6t78PLrLrBfrhhQJ4SfYq9QnJPKzCASfl\" style=\"\">public and private sector<\/a><\/span><span>, as well as banks, <\/span><span style=\"font-weight:400;\">to mark Sham El Nessim;<\/span><\/li>\n<li><span style=\"font-weight:700\">Thursday, 20 April-Tuesday 25 April<\/span><span style=\"font-weight:400;\"> will be a holiday for the public sector in observance of Eid El Fitr and Sinai Liberation Day. Look for confirmations in the next few days that these days will also be off for the private sector, banks, and the bourse. <\/span><\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">PSA- <\/span><span style=\"font-weight:700\">We\u2019re bringing back daylight saving time (yet again) on Friday, 28 April. <\/span><span style=\"\">You\u2019ll be losing an hour\u2019s sleep as clocks jump forward one hour until the final Thursday of October. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">?\ufe0f<\/span><span style=\"font-weight:700\">TOMORROW\u2019S WEATHER- <\/span><span style=\"\">We might be getting some rain in the capital city tomorrow, as<\/span><span> the daytime high falls to 22<\/span><span style=\"font-weight:400;\">\u00b0C and nighttime low hits 13\u00b0C, our favorite weather app suggests. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, ladies and gentlemen, and welcome to hump day. We\u2019re halfway through the week and are very much looking forward to the next few long weekends ahead. Speaking of which: The private sector will get a paid day off next Monday, 17 April for Sham El Nessim, the Manpower Ministry confirmed in a statement [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":585163,"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":[633,507,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-585162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-swvl","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"ac0df586-a45f-489a-a9c4-0de118caa6e0","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/4\/224.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[585160],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.7d61ec10-35ec-4a0b-88d1-0172b42dac56.mp3"},"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 EVENING: Is Swvl considering acquisition offers? 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It\u2019s a shockingly slow news day here on the home front today \u2014 that Ramadan news slowdown appears to be finally kicking in as we make our way towards the long weekend.** SO, WHEN DO WE EAT? We\u2019ll be breaking our fasts at 6:20pm CLT today.\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\/wp-content\/uploads\/2022\/03\/egypt-wheat-field.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623272,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/egypts-hitchhiker-closes-usd-200k-angel-round-swvl-gets-some-international-ink\/","url_meta":{"origin":585162,"position":1},"title":"Egypt\u2019s HitchHiker closes USD 200k angel round, Swvl gets some international ink","author":"enterpriseam admin","date":"25 October 2018","format":false,"excerpt":"** #6 Egypt\u2019s HitchHiker raises USD 200k in seed round: Cairo-based international shop-and-ship (with a twist) startup HitchHiker has secured USD 200k in seed funding from unnamed Dubai-based angel investors, the company said on its Facebook page. Founded last year by CEO Hussein El-Terawy and CTO Hassan Selim, the startup\u2019s\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622003,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/swvl-valued-at-usd-100-mn\/","url_meta":{"origin":585162,"position":2},"title":"Swvl valued at USD 100 mn?","author":"enterpriseam admin","date":"25 November 2018","format":false,"excerpt":"INVESTMENT WATCH- Swvl valued at USD 100 mn in series \u2018B\u2019 funding round? Mass transit app Swvl raised \u201ctens of mns of USD\u201d in Series \u2018B\u2019 funding from new and existing investors, CEO and co-founder Mostafa Kandil told Reuters on Thursday. 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Reuters says Swvl was founded in April by a former\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564380,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/29\/tonight-your-abridged-speed-round-global-covid-regulatory-updates-also-its-dramedy-week-on-the-tube\/","url_meta":{"origin":585162,"position":4},"title":"TONIGHT: Your abridged Speed Round + global covid regulatory updates. Also, it\u2019s dramedy week on the tube","author":"enterpriseam admin","date":"29 August 2021","format":false,"excerpt":"Good afternoon, ladies and gentlemen, to your abridged version of EnterprisePM. Don\u2019t let the shortened version fool you, as it was a busy day in the local press. THE BIG STORIES OF THE DAY- Swvl plans post-Nasdaq investment spree: Homegrown mass transport startup Swvl says it plans to invest big\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":550770,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/this-evening-welcome-palm-hills-developments-to-enterprisepm-swvl-to-purchase-turkish-firm-volt-lines-elon-musk-buying-twitter-is-the-talk-of-the-town\/","url_meta":{"origin":585162,"position":5},"title":"THIS EVENING: Welcome Palm Hills Developments to EnterprisePM + SWVL to purchase Turkish firm Volt Lines + Elon Musk buying Twitter is the talk of the town","author":"enterpriseam admin","date":"26 April 2022","format":false,"excerpt":"Good afternoon, wonderful people, and happy would-be hump day. 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