WHO says Omicron risk is “very high”: The newly-emerged variant of covid-19 could have “severe consequences'' and poses a “very high” risk globally, the World Health Organization said (pdf) this morning, in what appears to be an about-face from its calls earlier this week to remain calm. House says ‘yea’ to more Khaleeji money: A multi-bn USD bank loan agreed between the government and a syndicate of international banks led by Emirates NBD and First Abu Dhabi Bank earned approval by the House of Representatives yesterday.Emirati port operator DP World will invest USD 25-35 mn in Ain Sokhna seaport over the next 2-3 years, which will be geared towards improving the logistics services at the port and increasing capacity at the newly-built second dock.Pfizer jab coming for 12-15 year-olds: Egypt has authorized the use of the Pfizer-BioNTech covid vaccine for children aged 12-15, and kids as young as 12 can begin to register for the jab as of this Wednesday.** CATCH UP QUICK on the top stories from today’s EnterpriseAM: The festival wraps next Sunday, 5 December. The Cairo International Film Festival continues its 10-day run after kicking off on Friday. The Creative Industry Summit continues today at the Nile Ritz-Carlton, running through Wednesday. The ministerial meeting will focus on Egypt’s bilateral relations with European countries, including ramping up investments from Europe and exports to the continent. What’s on the agenda? Shoukry is set to discuss with foreign ministers of 42 Mediterranean states the progress on priority areas agreed upon in last year’s forum, including environmental and climate action, sustainable and inclusive economic and human development, social inclusiveness and equality, digital transformation, and civil protection at the UFM Regional Forum. Some 400 international manufacturers and suppliers are set to showcase military equipment and defense technologies at New Cairo’s International Exhibition Center, with live firepower demonstrations planned for the five days.įoreign Minister Sameh Shoukry is in Barcelona to attend the Regional Forum of the Union of the Mediterranean and the EU-Southern Neighborhood Ministerial Meeting, which are taking place back-to-back today, according to a Foreign Ministry statement. The event will run until this Thursday, 2 December.
The Egypt Defense Expo (EDEX) kicked off this morning, after President Abdel Fattah El Sisi inaugurated the exhibition, according to an Ittihadiya statement. Shareholders have until next Tuesday, 7 December to respond to the ongoing mandatory tender offer. The board’s blessing comes despite the Aldar-ADQ offer falling short of the EGP 23.42 share price SODIC’s independent financial advisor BDO had set in its fair value study, according to an EGX disclosure (pdf). The developer cited the “current global economic conditions and the effect of the covid-19 pandemic” as well as the consortium’s “economically strong” position as good enough reasons to go through with the transaction.
SODIC’s board nods to Aldar-ADQ’s offer: SODIC’s board of directors gave its nod to the UAE’s Aldar Properties and sovereign wealth fund ADQ’s offer to purchase at least 51% of the company’s shares at EGP 20, according to an EGX filing (pdf).
The government is tightening safety measures across airports, seaports and landports to reduce the chances of the new covid variant making its way into the country, Abdel Ghaffar said.
ACCORDION METHOD PDF TV
No Omicron cases have been detected in Egypt so far, Health Ministry spokesperson Hossam Abdel Ghaffar said this morning in a phone-in to state TV (watch, runtime: 12:41).
The new variant is still very much driving the conversation abroad on an otherwise quiet afternoon in global headlines. It’s another Omicron-led news day, ladies and gentlemen.
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