{"id":87838,"date":"2023-12-19T00:00:00","date_gmt":"2023-12-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/this-morning-adnoc-plans-revised-bid-for-germanys-covestra-ad-ports-reportedly-eyeing-a-stake-in-a-major-turkish-port\/"},"modified":"2023-12-19T00:00:00","modified_gmt":"2023-12-19T00:00:00","slug":"this-morning-adnoc-plans-revised-bid-for-germanys-covestra-ad-ports-reportedly-eyeing-a-stake-in-a-major-turkish-port","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2023\/12\/19\/this-morning-adnoc-plans-revised-bid-for-germanys-covestra-ad-ports-reportedly-eyeing-a-stake-in-a-major-turkish-port\/","title":{"rendered":"THIS MORNING: Adnoc plans revised bid for Germany\u2019s Covestra + AD Ports reportedly eyeing a stake in a major Turkish port"},"content":{"rendered":"

Good morning, friends.<\/strong> The news cycle picked up the pace overnight after giving us a relatively calm start to the week, with plenty of news to sink our teeth into on this slightly cloudy Tuesday morning. <\/p>\n

THE BIG STORY here at home is all the M&A action<\/strong>, from updates to Adnoc\u2019s planned takeover of Germany\u2019s Covestra, to a Saudi acquisition of food and beverage operator Blackspoon, and murmurs of other acquisitions in the making. <\/p>\n

<\/a> WATCH THIS SPACE- Is AD Ports eyeing a stake in a major Turkish port? <\/strong>State-owned AD Ports Group is reportedly in talks to acquire a stake in the Port of Izmir, Turkey\u2019s third largest port, Reuters<\/a> reports, citing several sources with knowledge of the matter. The transaction could see AD Ports cough up some USD 500 mn for a stake in the Aegean Sea port, owned by Turkey\u2019s sovereign wealth fund, the Turkey Wealth Fund. If it sees the light, the agreement would see AD Ports invest in a firm affiliated with the fund to run the port. <\/p>\n

** You\u2019re reading Zero Issue #16 of EnterpriseAM UAE. <\/strong><\/p>\n

** Think of a zero issue as a \u201cbeta.\u201d<\/strong> This issue has not been published or distributed to a wide audience. <\/p>\n

** Did you receive this as a forward?<\/strong> Email editorial@enterprisemea.com and let us know if you\u2019d like to be added to our list of beta readers ahead of our launch.<\/p>\n

** Have a comment, criticism, or story tip? <\/strong>Hit up patrick@enterprisemea.com<\/a>. <\/p>\n

<\/a> DATA POINT-<\/strong> The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has closed nine eateries in Abu Dhabi, Al Ain, and Al Dhafra since the start of the year, Gulf News<\/a> reports, citing an ADAFSA report. ADAFSA pulled the plug due to serious health concerns related to cleanliness and insect infestations, as well as instances where non-halal food was sold without proper permits, causing some confirmed cases of food poisoning. ADAFSA said that these shutdowns will persist until the proper measures are taken to ensure food safety procedures are adequately observed. <\/p>\n

<\/a> Abu Dhabi\u2019s International Astronomy Centre photographed over 3k meteors <\/strong>during the Geminid meteor shower <\/strong>after setting up 17 low-light-sensitive video cameras across three different Abu Dhabi locations to capture the meteors on Wednesday and Thursday, according to a statement<\/a>.<\/p>\n

THE BIG STORIES ABROAD- <\/p>\n

<\/a> #1- Egyptian President Abdel Fattah El Sisi has clenched a third term<\/strong>, taking 89.6% of the vote in a four-man race that saw 66.8% of eligible voters turn out at the polls. Speaking after the results were released, El Sisi acknowledged the challenges facing Egypt \u201con all fronts,\u201d and reaffirmed Egypt\u2019s condemnation of the \u201cinhumane war\u201d on Gaza. He also renewed his vows to \u201ccontinue building the new republic.\u201d<\/p>\n

What\u2019s next: <\/strong>Pundits in Egypt are mulling when (and whether) El Sisi will shuffle his cabinet \u2014 he doesn\u2019t need to wait until his inauguration in April to do so. <\/p>\n

The big question for potential Emirati investors in Egypt:<\/strong> Will Central Bank Governor Hassan Abdalla get a mandate to float (or devalue) the EGP? Tap or click here for the rundown in EnterpriseAM Egypt<\/a>.<\/p>\n

#2- Apple will stop selling its latest watch models in the United States on Christmas Eve <\/strong>after losing a patent dispute. The tech giant broke the news (somewhat controversially<\/a>) through enthusiast website 9to5 Mac<\/a>, saying it would be pulling its Series 9 and Ultra 2 watches from physical and online stores. Apple\u2019s shares on Nasdaq closed down 0.85% on the news, which has since been picked up by the global business press: Financial Times<\/a> | Bloomberg<\/a> | Reuters<\/a> | Wall Street Journal<\/a>.<\/p>\n

Or will it? Apple engineers are said to <\/strong>hammering out a software workaround<\/a><\/strong>they hope will convince customs officials that they\u2019ve addressed the patent problem. At issue is how the watches measure the wearer\u2019s blood oxygen levels.<\/p>\n

ALSO WORTH KNOWING ABOUT: <\/strong>Google is paying USD 700 mn<\/a> in an antitrust settlement and will loosen its grip on its Play Store. There\u2019s been an earthquake in a remote area of China<\/a> (more than 110 are so far confirmed dead) and a volcano has erupted in Iceland<\/a>. <\/p>\n

\n
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\n Get Enterprise<\/b> daily
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The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a>\n <\/div>\n<\/p><\/div>\n<\/div>\n

CIRCLE YOUR CALENDAR-<\/strong><\/p>\n

This week:<\/strong> Legendary Iranian songster Ebi is playing at the Dubai Opera<\/a> tomorrow. <\/p>\n

This weekend:<\/strong> The World Tennis league<\/a> is at Abu Dhabi\u2019s Etihad Arena from 21-24 December (Thursday-Sunday). Women\u2019s World No 1 Iga Swiatek and Men\u2019s World No 3 Daniil Medvedev will be among the players. <\/p>\n

If tennis isn\u2019t for you, the event will also be jam-packed with music stars<\/strong>, including Neo, Akon, and 50 Cent.<\/p>\n

Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n","protected":false},"excerpt":{"rendered":"

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