Podcasts about ccap

Tourist arrivals rose 25% y/y in 1Q25 to 3.9 million. Tourism minister expects the 5% y/y increase in 2024 to be followed by an 8% y/y increase in 2025.The House of Representatives will start discussing amendments to the Old Rent Law today.The IMF said in its latest Regional Economic Outlook that “economic activity is expected to pick up but remain modest” this year in Egypt.According to IMF data, public debt fell to 89% of GDP by the end of FY23/24, compared to 95.7% at the end of the previous year.Fitch Solutions expects Egypt's economic indicators to gradually improve during the period from the current fiscal year until 2027/2028.Net sales of government bonds and treasury bills by foreign investors amounted to approximately USD1.7 billion during the month of April 2025.President El Sisi has given the final approval for the revamped Labor Law.International oil companies Chevron, Shell, and Eni have submitted offers for exploration blocks in the Mediterranean.Eni plans to inject USD1 billion in new investments in the Zohr field.Japanese medical device manufacturer JMS, its local agent Interpharm, and the Egyptian Company for Medical Investments will establish a EGP1.4 billion factory for blood collection bags and tubes in Ain Sokhna's industrial zone.Chinese firm XinGaoyi Medical Equipment (XGY) and the Arab African Company for Medical Industries (AACMI) signed a partnership agreement to establish a factory to locally manufacture medical equipment.Chinese solar tech company TrinaSolar is looking to increase its solar panel sales in Egypt by 20% y/y in 2025 to reach USD600 million.CIEB 1Q25 consolidated bottom line recorded EGP1,869 million (-4% q/q, -18% y/y). CIEB is currently trading at P/E25 of 3.1x and P/B25 of 0.9x.SWDY will distribute cash dividends of EGP1.00/share on 15 May 2025 for shareholders on record on 12 May 2025 (DY 1%).The Ministry of Finance intends to unify the value-added tax rate on contracting activities at 14% instead of the 5% currently applied to supply and installation works combined. CIRA released its 2Q24/25 financial results, reporting a net profit of EGP226 million (+20.3% YoY, +26.8% QoQ). CIRA is currently trading at FY24/25f P/E of 29.6x and EV/EBITDA of 7.6x.GBCO plans to introduce three new models of the Chinese automotive brand, Changan, in the Egyptian market during 2H25.RMDA's general assembly approved cash dividends of EGP0.11/share to be distributed over two equal installments in June and November. The assembly also approved 0.3:1 bonus shares.ALCN released financial indicators showing 9M24/25 net profit of EGP5.4 billion, up 31.1% y/y.CCAP has contracted with independent financial advisor Graviton Financial Advisory for Securities to conduct a study of the fair value of the company's shares. Upon completion, the extraordinary general assembly will be invited to consider increasing the company's capital.

China's Wu'an Xin Feng has kicked off construction on its planned USD1.7 bn integrated industrial complex in Ain Sokhna's Industrial Zone, the Suez Canal Economic Zone (SCZone) said in a statement. The two-phase complex being built by the company's Egyptian arm Xin Feng Egypt Steel will be completed over a five-year period and create 8k direct jobs.The Asian Infrastructure Investment Bank (AIIB) is putting together USD300 mn in budget support for Egypt, Planning and International Cooperation Minister Rania Al Mashat said. The agreement is expected to be finalized by June, Al Mashat said, adding that negotiations have been completed.Kuwait's Bukhamseen Holding plans to invest between EGP30-40 bn in Egypt over the coming two years, Asharq Business reports. The investment ticket, currently equivalent to USD590.0-786.6 mn at today's exchange rate, will go toward several sectors, with a focus on hospitality.Five Arab and foreign investment funds are negotiating with the Egyptian government to acquire strategic stakes in government hospitals and pharmaceutical companies that were recently listed as part of the IPO program, according to government sources. They added that Emirati and Saudi companies are the most interested in the Egyptian pharmaceutical market, and they expect the coming period to witness major acquisitions in this sector.Egypt's non-oil trade deficit narrowed by 27.7% y-o-y in 1Q 2025 to USD6.3 bn, according to a government document. This was supported by a 27% y-o-y rise in non-oil merchandise exports, reaching USD12.7 bn, up from USD10.0 bn.The overall state budget deficit decreased during 8M FY2024/25 to EGP879.3 billion, 5.1% of GDP, compared to EGP898 billion, equivalent to 6.5% of GDP, during the same period of the previous year. This was due to a 32.8% growth in general revenues to EGP1.442 trillion, compared to EGP1.086 trillion.The central bank sold USD984.9 mn in one-year USD-denominated t-bills yesterday at an average yield of 4.25%, surpassing its USD950.0 mn target, according to data on its website. The issuance will go toward refinancing an outstanding debt worth USD950 mn.TMGH is negotiating with the Iraqi government to develop an administrative project in Baghdad, with the project expected to cost over USD10.0 billion and cover a land area of 35.0 million sqm. The final agreement is expected to be reached by the beginning of 2026.OCDI reported annually solid 1Q25 revenue of EGP2.8 billion, up 50.0% y/y and down 20.5% q/q, and net profit of EGP950.7 million, up 143.7% y/y and down 40.3% q/q.CCAP expects ASEC Mining's (ASCOM) disclosed impairment, amounting to EGP320.5 million, will have a negative impact on CCAP's consolidated net profit on 31 December 2024 of c. EGP190.6 million. Noting that the impairment has been booked until the legal proceedings, which may result in the return of the pledged shares or their value, are completed. EFID plans to invest EGP1.0 billion in 2025 to expand its production capacity.Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 66.9 | -1.6% | Diesel-HSFO Spread, USD/ton | 216.7 | 2.1% | Egypt Urea, USD/ton | 392.5 | -0.6% | Polyethylene, USD/ton | 940.0 | 0.0% | Polypropylene, USD/ton | 990.0 | -0.5% | LME Aluminum Cash Price, USD/ton | 2,396.3 | 2.9% | LME Copper Cash Price, USD/ton | 9,376.4 | 2.4% | Egyptian Retail Cement, EGP/ton | 3,527.0 | 0.1% | Steam Coal FOB Newcastle Australia, USD/ton | 93.8 | -1.4% | SMP, USD/MT | 2,795.0 | -2.8%

We published this morning our earnings expectations sheet for companies under coverage in 1Q25/FY25, with the following key conclusions:In FY25, aggregated net profit is expected to increase 10% YoYStocks that are expected to witness a shift from net loss to net profit YoY in 1Q25: ORHD and EGCHStocks that are expected to witness a spike (>80%) in net profit growth YoY in 1Q25: MBSC, CNFN, FAIT, MCQE, and ARCC. (sorted from highest rise in net profit)Stocks trading at P/E 2025 less than 5x: CCAP, EGBE, CICH, ADIB, and CANA. (sorted from lowest P/E)Please refer to our sheet published this morning for detailed earnings expectations and trading multiples.Egypt's total local and foreign debt repayment obligations are projected to jump around 30% to EGP2.1 trillion in the next fiscal year, up from an estimated EGP1.6 trillion for FY24/25.The Finance Ministry intends to issue new local debt instruments worth EGP1.5 trillion in the upcoming fiscal year, up from EGP1.2 trillion in the current fiscal year, as part of the government's plan to raise spending on social welfare and narrow the budget deficit.Egypt is among six Arab countries set to face a significant impact from Trump's tariff regime, assuming the tariff measures are fully implemented, the United Nations Economic and Social Commission for Western Asia (ESCWA) said in a policy brief. A significant impact is defined as at least 5% of a country's global exports going to the US.The state is working to liberalize the country's electricity market by 2026, along with restructuring the Egyptian Electricity Transmission Company (EETC) and its separation from the Egyptian Electricity Holding Company (EEHC).Federation of Egyptian Industries delegation is in Riyadh to talk investment in the Kingdom during a three-day business forum that wraps tomorrow. The government has estimated the financial allocations needed to import LNG and diesel shipments to meet the country's fuel needs during FY25/26 at approximately USD9.5 billion, compared to more than USD6 billion spent so far this year.President El-Sisi approved a USD500 million loan agreement from the International Bank for Reconstruction and Development (IBRD) to finance the Development Policy Financing for Resilience program.Scatec's 1 GW Obelisk solar plant will be connected to the grid by 220 kV transmission lines built under a contract between the Egyptian Electricity Transmission Company (EETC) with the consortium of Kharafi National and Power Ring. The project is planned to power EGAL's aluminum complex in Nagaa Hammadi. CCAP's United Foundries Company is planning to invest up to USD10 million in a new foundry in Helwan focusing on producing castings for the gold mining and cement industries, adding some 40k tons to the company's production capacity and bringing total output to around 70k tons annually.Hilton will open two new hotels in the New Capital. The two hotels, Hilton Cairo New Capital Downtown and Hilton Garden Inn Cairo New Capital Downtown, are scheduled to open in 2028.

Guests from a Wisconsin program creating web platforms that help users solve legal problems discuss their Legal Tune Up tools on Talk Justice. LIFT, or Legal Interventions for Transforming Wisconsin, was formed by lawyers and nonprofit leaders who wanted to create resources to address the access to justice crisis in their state. Leveraging the state's public databases like Wisconsin Circuit Court Access, commonly referred to as CCAP, they have developed free, web-based tools that allow users to identify and solve some of their civil legal issues without assistance from a lawyer. Learn more about your ad choices. Visit megaphone.fm/adchoices

Guests from a Wisconsin program creating web platforms that help users solve legal problems discuss their Legal Tune Up tools on Talk Justice. LIFT, or Legal Interventions for Transforming Wisconsin, was formed by lawyers and nonprofit leaders who wanted to create resources to address the access to justice crisis in their state. Leveraging the state's public databases like Wisconsin Circuit Court Access, commonly referred to as CCAP, they have developed free, web-based tools that allow users to identify and solve some of their civil legal issues without assistance from a lawyer.

CCAP. Four letters. One site. And an oversized impact on Wisconsin. The state's most popular open record database lets you look up court records of anyone you'd like. And many people do. Sometimes, they learn more than they were expecting.

How CCAP can be used as a useful, and harmful, tool. A former Wisconsin Supreme Court justice speaks about the influence money has on the court. Sports gambling in Wisconsin and beyond.

In line with IMF directives, the government is committed to have energy prices reach cost recovery levels by the end of the year.The Prime Minister said that the government set a target inflation rate at 10% by 2026.The IMF's mission chief to Egypt, stated that the fifth review of Egypt's loan program will take place before the end of June, according to the current schedule for disbursing tranches.After a sharp wave of outflows, foreign and Arab investors in the local debt market shifted to net buying for the second day in a row, following the IMF'S approval of the disbursement of Egypt's fourth tranche. The government is currently working on moving the Chill Out's company ownership from the National Service Projects Organization's (NSPO) National Roads Company subsidiary to the Sovereign Fund of Egypt, once this step is completed the fund will start restructuring the fuel retailed ahead of its planned IPO, sources said. UK-based oil and gas giant Shell is investing some USD300 mn alongside Petronas in its ongoing drilling operations in the West Delta Deep Marine concession as part of its 11th phase, Shell Egypt VP and Country Chair said. Egypt has raised the purchase price of newly extracted natural gas from three concessions owned by the British company Cheiron Petroleum in the Western Desert by 61%, to USD4.25 per million British thermal units.EFIC board of directors proposed a cash dividend distribution of EGP15.00/share for FY24, implying a payout ratio of 71% and a dividend yield of 10%.CCAP plans to launch an initial public offering (IPO) of its subsidiary, National Printing, on the EGX by June. The offering allows the exit of an existing shareholder.ESRS will move to the over-the-counter (OTC) market at the start of trading today after completing a share buyback from minority investors.DSCW's BoD approved the purchase of a plot of land owned by the NBE and Banque Misr, valued at c. EGP167 million. DSCW's BoD canceled the planned purchase of Twin Top Real Estate Investment Company after failing to reach an agreement on the purchase price. The Social Housing and Mortgage Finance Fund signed a cooperation protocol with QNBE Egypt to provide EGP5 billion in mortgage loans to finance housing units on favorable terms and at subsidized interest rates, doubling the bank's allocations for this purpose to EGP10 billion. 

Monthly urban headline CPI inflation recorded 1.4% in February 2025 compared with 11.4% in February 2024 and 1.5% in January 2025. On an annual basis, urban headline CPI inflation recorded 12.8% in February 2025 compared with 24.0% in January 2025.Monthly core CPI inflation, computed by the CBE, recorded 1.6% in February 2025 compared with 13.2% in February 2024 and 1.7% in January 2025. On an annual basis, core CPI inflation recorded 10.0% in February 2025 compared with 22.6% in January 2025.The IMF Executive Board has completed the fourth review of Egypt's USD8 bn loan program, allowing for the disbursement of USD1.2 bn, Finance Minister Ahmed Kouchouk said.The government will triple allocations for economic support in next fiscal year's budget, including the funds going towards the export subsidy program and the Automotive Industry Development Program, the finance minister said.The second phase of the tax reforms will be rolled out next year, The Minister of Finance said. The first phase of the reforms was introduced in October and includes a simplified tax system for SMEs, a central clearing system, and measures to integrate the informal economy.The government is hoping to attract USD12 bn in FDI during the FY 2024-25, the General Authority for Investment and Freezones (GAFI) head Hossam Heiba said.S&P 500 futures traded around the flatline early Tuesday after concerns that a recession would hit the U.S. economy sparked a broad sell-off on Monday. ORHD reported stellar 4Q24 results, with net profit increasing 24.0% y/y and 9.0% q/q to EGP1.3 billion, bringing FY24 net profit up 9.9% y/y to EGP3.1 billion despite the 1Q24 net loss that had resulted from the FX loss driven by the March 2024 EGP devaluation. Given ORHD's stellar sales performance and strong operations across all revenue segments, we maintain our Overweight recommendation of ORHD based on our FV of EGP34.74/share and reiterate ORHD as one of our top picks.RMDA issued positive 4Q24 results with net profit after taxes amounted to EGP158 million, exceeding our expected figure of EGP132 million, and up 31% QoQ and 181% YoY. 2024 bottom line came in at EGP402 million that is up by 59% YoY. RMDA is currently trading at FY25 multiples of P/E 10.7x.EFID BoD approved distributing cash dividends of EGP1.14/share for FY24, to be distributed on two equal installments. This implies a payout ratio of 49% and dividend yield of 4.1%.Emirates NBD is currently conducting its due diligence of the state-owned lender as the Dubai-listed lender looks to acquire an undisclosed stake in the state-owned bank. The government assigned HRHO to lead the IPO of Silo Foods for food industries. CCAP has requested 15k feddans for an agricultural and agro-industrial expansion project, focusing on herbs and aromatic plants, according to the Industry Ministry. The company will inspect available land in Sahl Baraka and Abu Zaabal. CCAP also requested the allocation of mining consessions and quarry leases to secure the supply of essential raw materials, especially talc and kaolin. Al Organi Group's ODI to acquire a 26.25% stake in ATQA in a EGP1.9 billion transaction (EGP6/share). The acquisition, subject to regulatory approvals and due diligence, values Ataqa at EGP7.2 billion, 6% lower than current market cap.Six Egyptian construction companies are evaluating the potential execution of new infrastructure projects in Libya, with an estimated contract value of EGP100 billion. 

Remittances from Egyptians abroad jumped 51.3% y-o-y in 2024, reaching USD29.6 bn.Home appliance maker Electrolux has decided to stay in the Egyptian market, scrapping plans to sell its local operations after a final review.Chinese appliance manufacturer Haier plans to inject USD500 mn over the next five years to expand its industrial complex in Tenth of Ramadan to increase its production capacity 5x.Cheiron Energy plans to increase its oil and gas output by 33% by the end of 2025, bringing output to 160k barrels of oil and gas equivalent per day.TMGH (FV: EGP75.00, OW) achieved strong 4Q24 results. Net profit in 4Q24 increased 595.0% y/y and 77.8% q/q to EGP4.4 billion, taking FY24 net profit up 223.6% y/y to EGP10.7 billion. The Board of Directors proposed the distribution of cash dividends of EGP0.25/share, implying a payout ratio of 4.8% and dividend yield of 0.5%.ORAS (FV: EGP425, OW) announces that it will build the new “Campus 2026” expansion of The American University in Cairo (AUC), Egypt. CCAP inaugurated a new herb drying facility for its subsidiary Dina Farms, completing the EGP400 million first phase of the project. CCAP also inaugurated a new EGP27 million production line for glass wool pipe insulation at Glass Rock Insulation, a subsidiary of CCAP's ASCOM. Both facilities are expected to add USD40 million to export revenues. The company's export revenues reached USD47.7 million in 9M24.The monthly supply rates of fertilizers to the Agricultural Credit Association have decreased to 130k tons, compared to 150k tons in the last months of 2024, due to a decline in gas supply to the production companies dealing with the association.ETRS approved the capital increase of its subsidiary Egytrans automotive solutions to USD1.5 million from USD200 thousand.

The government is currently working on preparing the budget for FY 2025-26, all while preparing a comprehensive three-year budget with a financial ceiling that can only be exceeded in exceptional cases, one of the sources said. Government entities will also submit another budget covering FY 2026-27 to FY 2029-30. Ministries will be given cabinet-approved financial ceilings that can't be exceeded.The Public Government Budget is set to rise to somewhere in the vicinity of EGP8 tn in the fiscal year 2025-2026, up from EGP6.6 tn in the current fiscal year, as the government looks to incorporate additional state economic bodies' budgets into the budget, a government source told local press.The budget pencils in growth of around 5-5.5%, reduced public debt, and a primary surplus amounting to approximately 4% of GDP.The government is also working on reducing the amount of funds allocated for fuel subsidies from the current fiscal year's EGP150 bn.The government is planning to further cut down public investments and is set to, instead, rely on self-financing through various entities and limit spending to highly urgent projects or those already nearing completion, the sources said.The Finance Ministry is looking to launch a new public debt policy document by the end of March.Phase two of the new capital's development will be offered to a French investment consortium in March.The Minister of Finance revealed the features of the proposed package of reforms of the customs system through 19 proceduresزCIEB released 4Q24 consolidated bottom line of EGP1,944 million (+4% q/q, +44% y/y ), bringing FY24 bottom line to EGP8,030 million (+55% y/y and perfectly in line with Al Ahly Pharos estimate of EGP8,039 million). CIEB is currently trading at P/E25 of 3.1x (based on bottom line post minority and appropriations) and P/B25 of 0.9x. CIEB's BoD proposed cash dividend distribution of EGP3.82/share, implying a payout ratio of 60% and DY of 20%, pending the CBE and AGM approvals.CCAP reported a consolidated net profit after minority interest of EGP114.5 million in 3Q24 (-94% YoY, -108% QoQ). The company is currently trading at FY25e P/E of 1.4x and EV/EBITDA of 4.8x.Minister of Petroleum appointed Maged Mostafa El Kordy as acting chairman and managing director for AMOC. State-owned El Nasr for Fertilizers & Chemical Industries (Semadco) is gearing up to set up a wind farm and solar power stations with a combined capacity of 500 MW to power its new green ammonia factory in Suez, according to local media.FWRY has acquired a majority stake in Code Zone, a manager of local hospitals and medical institutions, as part of its strategy to invest in complementary startups. The company is also in negotiations with Gulf firms to expand its presence in Saudi Arabia and the UAE. In the first quarter, Fawry plans to launch new investment services focused on the stock market and gold, including various investment funds. Additionally, the company is considering applying for a digital bank license and has introduced Fawry Business, a platform designed to assist local companies with digital transformation, offering payment management, e-receipts, SME loans, and salary management solutions.EFIH and its sister company eHealth will work together to link the Universal Health Insurance System with social protection systems under an MoU they inked with the Social Solidarity Ministry and the Universal Health Insurance Authority (UHIA).ARCC signed a EUR25 million loan agreement with the European Bank for Reconstruction and Development (EBRD) to fund energy efficiency upgrades and expand alternative fuel use. 

Gondola leadership committee hosts planning meetings about gondola stations, cost of eggs goes up because of avian influenza outbreak and Colorado's cage-free mandate, changes to child care assistance program (CCAP) result in funding shortfall, and natural avalanche on Ajax highlights changing conditions in the snowpack.

The CBE's MPC is scheduled to meet on Thursday, 26 December. We expect the CBE to prefer to hold rates unchanged in its upcoming meeting.  Even though the annual inflation reading dipped below 26% in November, some price hikes such as the recent telecom hikes are still passing through inflation readings. Besides, the recent gradual increase in USD rate – breaching the EGP50 border – accompanied by unfavorable geopolitics add another reason for the CBE to show some patience before easing, which looks more probable in 1Q2025.Foreign and Arab investors are looking to shift EGP bns from short-term t-bills into Egypt's three-year t-bonds, capitalizing on a sharp rise in yields.The Mostakbal Misr Agency for Sustainable Development, the new agency in charge of importing commodities, is currently holding talks with major Russian wheat exporters. A move that could help reduce the transaction costs of paying for grains.The European Investment Bank issued EGP1 billion bonds in 3 tranches. The National Printing Company (NAPR) will make its EGX debut in 2H 2025.Egyptians living abroad can now purchase up to two premium housing units using FX through a new government initiative.The Industry Ministry is currently studying plans to establish a ready-built industrial complex of 450 factories in South Port Said Industrial Zone's extension.Egypt plans to sign separate agreements with Bahrain and the UAE in 1Q 2025 to reduce customs clearance times to a few hours.We upgraded our FV for ALCN to EGP32.50/share, with an Overweight recommendation to factor in the latest market developments. The updated FV reflects:Weak local currency which positively impacts the company's USD-denominated revenues.New contracts signed by the company that will enable ALCN will be able to increase the volumes of containers handled from 800 to 1,000 TEUs per month.Stable gross profitability on the back of USD-denominated revenues and EGP-denominated COGS. We expect ALCN's revenue to grow by a 5yr CAGR of 21% throughout our forecast period to reach EGP19.5 billion in FY28/29.We expect net profit to grow by a 5yr CAGR of 20% throughout our forecast period to reach EGP14.6 billion in FY28/29.We expect ALCN to continue being a dividend play with a payout ratio maintained at 85% throughout our forecast horizon.ALCN is currently trading at FY24/25f P/E of 9.3x and EV/EBITDA of 8.3x.CCAP announced that, as of December 20, 2024, its subsidiary, ERC has successfully finalized its Senior and Subordinated debt Restructuring. Following the completion of this restructuring the net senior debt now stands at USD363 million, down from an initial amount of USD2.35 billion, which is expected to be fully repaid by December 2025. The subordinated debt currently stands at USD751 million, with an expected repayment completion by 2030. This progress in debt reduction positions ERC to begin distributing dividends to shareholders, with the first anticipated dividend payout expected in 2026.COMI has announced that there would be a 2% fee when topping up the e-wallet with money from CIB cards.  The Health Ministry launched the National One Health Plan (2024-27) and a health climate adaptation framework (2024-30), targeting shared health risks from zoonotic diseases, food and water safety, and climate-related challenges.Weekly Commodities Update

Transport and Industry Minister Kamel El Wazir laid out the 23 industries that the government is looking to localize, adding that the state is offering incentives and facilities to attract investments into these selected sectors. The Qantara West Industrial Zone will welcome two new projects with combined investments of USD38 mn following agreements with the Suez Canal Economic Zone (SCZone).Egypt and Germany inked grant and debt swap agreements totaling some EUR77.3 mn to fund development projects in a number of sectors.Some 14 firms have offloaded their stake in Misr Aswan Fishing to the Sovereign Fund of Egypt (SFE) ahead of its sale to a strategic investor.The Labor Ministry has doubled the bonuses disbursed to registered irregular workers to EGP 1k, starting with the bonus to be paid out for Coptic Christmas next month, according to a statement. These bonuses are paid out six times a year on religious holidays as well as Labor Day. This increase in bonuses will cost the state some EGP1.5 bn annually.MPs approved a EUR1 bn macro-financial assistance package from the EU, which marks the first phase of a EUR5 bn set of concessional loans running through 2027 as part of a wider EUR7.4 bn package from the EU announced in March.Egyptian cotton exports have decreased since the beginning of the season in early October by more than 72% to only 5,000 tons until mid-December.ADIB Egypt secures USD66.9 million subordinated loan from its main shareholder, Abu Dhabi Islamic Bank - UAE, to support the bank's growth and expansion plan.CANA intends to adopt an ambitious strategy in the coming years, targeting expansion in direct investment activity, investment banking services, and non-banking financial servicesThe Egyptian Federation for Financing MSMEs announces that over 4.5 million clients in small and medium enterprises were given financing that amounted to EGP95.5 billion by the end of 3Q24.DOMT is currently studying the possibility of establishing a factory in an Arab country. HELI decided to contract directly with Al Qalaa Asset Management to exploit the Granada Complex at a rate of 30% of the total revenues in the first year with a guaranteed minimum of EGP 1.8 million annually.ETRS aims to pump USD500,000 into digital transformation within 5 years from 2026 to 2030. PHAR EGM approved increasing the authorized capital from EGP1.5 billion to EGP6 billion and increasing the issued capital from EGP1.48 billion to EGP1.68 billion, an increase of EGP 200 million distributed over 20 million shares through rights issue by inviting old shareholders to subscribe to the new shares.CCAP's Glassrock for Insulation signs a sponsorship and MoU agreement with Ashrae Cairo Chapter Charter to provide innovative solutions and enhance advanced insolation technologies to support energy usage efficiency and sustainable heating and cooling. Weekly Commodities Update

Prime Minister said that there is a plan to offer three to four companies affiliated with the military on the EGX. We should know more next week with the release of the government's privatization plan for the coming period.Prime Minister said that foreign companies, both new to the market and veterans, are getting ready to launch projects, including in the automotive and renewable energy industries.Scatec's Obelisk Solar was granted a golden license for a USD600 million solar project over a 16.3 sq km area in Nagaa Hammadi. Scooter manufacturer Piaggio is mulling reopening its factory in Egypt.Home appliances manufacturer Ariston is thinking about expanding its presence in the Egyptian market. Railway company HitachiRail, which recently acquired Thales' ground transportation unit, is looking to expand its footprint in Egypt.Luxury yacht manufacturer Navigo highlighted its interest in investing in Egypt's yacht industry.Industrial vehicles manufacturer Iveco is conducting a feasibility study to launch a new factory in Egypt for truck manufacturing.Railway and urban mobility company Salcef Group discussed establishing a new company in collaboration with Egyptian Railways for Track Renewal and Maintenance Company.The Prime Minister stated that there are five global alliances competing to plan the area surrounding the Pyramids, the Grand Egyptian Museum, and the Sphinx Airport.Italian state-owned Italian State Railways discussed submitting an offer to manage and operate Egypt's high-speed electric rail network.China's New Hope Group is exploring a USD100 million investment to establish a feed production complex in an industrial zone.FutureFert is set to launch the first phase of its USD40 million fertilizer plant after receiving a golden license for the project. Yemen's Al Kbous Tea plans to invest around USD30 million in Egypt over the next two years to boost production capacity and upgrade machinery.The New Urban Communities Authority is mulling a EGP150 billion sukuk program in 2025, which would help fund the development of land plots in new cities.United Bank's shares are expected to debut on the EGX next week, with sources telling media that shares could start trading on Tuesday. HRHO announced the completion of its advisory services for the IPO of United International Holing (UICH) in Tadawul Saudi Arabia with a market cap of USD264 million. ATLC general assembly approved the distribution of cash dividends of EGP0.599/share forFY23, implying a dividend yield of 13.1%.EFIH's cash dividends of EGP0.197/share record date is on 24 December 2024 and distribution date is on 29 December 2024.MBSC reported solid financial performance in 3Q24. Net profit came in at EGP165.4 million (+7.3% YoY, -8.1% QoQ). 9M24 net profit recorded EGP387.0 million, up from EGP243.7 million in 9M23. MBSC is trading at FY25 P/E of 10.3x and EV/EBITDA of 7.7x.ARCC is to distribute cash dividends of EGP1.585/share for FY23, implying a payout ratio of 87% and a dividend yield of 11%.CCAP's waste management company Ecaru will close and rehabilitate the Qalabshu landfill in Dakahlia as part of the Kitchener Drain Project, under a EUR10 million agreement inked with the Local Development Ministr

In this episode of The Valley Today, host Janet Michael engages in a series of insightful conversations with key figures from several Winchester-based nonprofits, discussing their collaboration for Giving Tuesday. The show features Andy Gail, CEO of United Way of Northern Shenandoah Valley, who explains the motivation and organization behind the campaign, emphasizing the importance of community support and collaboration. Andy highlights two different models being tested for Giving Tuesday: a collective effort in Winchester and a broader approach in Warren County. The discussion centers on how these initiatives aim to support a diverse group of nonprofits and increase donor engagement. Janet also speaks with Lavenda Denney from the Winchester SPCA, who details the critical role they play in managing the well-being of about 2,400 animals annually. Lavenda explains their various programs like financial assistance for pet owners and their Pets for Life program, which was launched during the pandemic. Andrea Cosans, Executive Director of Winchester CCAP, shares the impact of their services in providing clothing, food, and financial aid to nearly 19,000 individuals last year. She emphasizes CCAP's commitment to preventing homelessness and supporting families in crisis. Sharen Gromling, Executive Director of Our Health, discusses their unique role as a campus property manager for multiple health and human services nonprofits. Sharon outlines the extensive support they provide, from maintaining office spaces to administering grants and coordinating volunteers. The conversation also features Amy Rice, Executive Director of the Evans Home, who describes the organization's mission to keep children in their own communities and the importance of maintaining stability and continuity in their lives. Janet ties the show together by highlighting the importance of community involvement, whether through donations, volunteering, or simply spreading the word. The episode underscores the collaborative spirit and the significant impact that even small contributions can have in supporting these vital nonprofit organizations. To participate in the Giving Tuesday campaign, visit https://givebutter.com/gtwinc or text GIVEWINC to 53555.

Hassan Allam Holding and ADP France have submitted a joint proposal to manage and operate Egyptian airports.UAE-based EV infrastructure company Zero Carbon is currently undertaking feasibility studies ahead of a launch in the Egyptian market.Egypt is planning to carry on importing liquefied natural gas until the country closes the gap between domestic production and consumption in either 2029 or 2030.MPs are expected to give their final approval to a government-drafted cash-based subsidies bill aimed at supporting citizens living under the poverty line.MPs are also set to decide on five draft agreements authorizing the Oil Ministry to partner with foreign companies for oil and gas exploration.International financial institutions invested nearly USD890 million in Egypt's private sector during November, with climate finance, SMEs, sustainable tourism, and renewable energy projects.The General Authority for Investment and Freezones (GAFI) is working with the World Bank and relevant ministries to develop a national strategy for foreign direct investment from 2025-30, with the complete strategy to be announced in “the coming months”.The Central Bank sold EGP60.4 billion worth of three-month t-bills with an average yield of 31.20%, up 0.28 percentage points from its last auction and surpassing the EGP40 billion target. UAE company Green Coast aims to pump investments worth USD50 million into the Egyptian market over the next three years. Finance Minister said that EGP10 billion due to pharmaceutical companies will be provided before the end of this year. The Central Bank of Egypt will issue today one-year treasury bills denominated in foreign currency, worth USD900 million. Egypt is looking forward to increasing the volume of German investments by 20% during the next year, to reach the range of USD3.6 billion.We raised our FV for EFIC from EGP89.00/share to EGP165.91/share and maintain our Overweight recommendation of the stock. EFIC is currently trading at a 2025f PE of 4.7x and EV/EBITDA of 4.0x.Egypt Gas announced signing the shareholder agreement to establish a company for producing polyethylene pipes with a total capital of EGP340 million. The Swiss company, George Fisher, will hold 74% of the new company, Egypt Gas will hold 25%, and the Emirati Corys company will hold the remaining 1%.HELI (FV: EGP18.84, OW) shareholders voted to postpone the capital increase.MASR (FV: EGP8.11, OW) signed an MoU with CCAP subsidiary, ASEC Automation, to construct the second phase of infrastructure and road networks in Sarai, with investments exceeding EGP580.0 million.CIRA reported 4Q24 financial results. Bottom line recorded loss of EGP374 million in 4Q23/24. This brought FY23/24 net profit to EGP35.6 million, a decline of 71% YoY. CIRA is currently trading at FY24/25f P/E of 25.2x and EV/EBITDA of 7.6x.DSCW reported 3Q24 results, showing net profit of EGP319 million (+105.1% YoY, -12.9% QoQ). This brought 9M24 net profit to EGP803 million, a growth of 1.9x YoY. DSCW is currently trading at 2025f P/E of 3.2x and EV/EBITDA of 3.6x.OFH reported 3Q24 net loss of EGP1.5 million compared to net profit of EGP26.4 million in 2Q24 and net loss of EGP0.9 million in 3Q23, leading to a 9M24 net income of EGP2.4 million (-96% y/y).Banque du Caire recorded a net profit during 9M24 of EGP8.6 billion (+90.2% y/y). The National Bank of Egypt recorded a net profit of EGP70.6 billion during 1H24 (+185% y/y). Weekly Commodities Update

 In line with our expectation, the CBE left interest rates unchanged after its MPC Committee met on Thursday. A coalition of Chinese companies has been established to develop a 1 million feddan integrated farming zone in the New Valley Governorate.  Planning and International Cooperation Minister Rania Al Mashat met with a delegation from the European Union to discuss unlocking EUR1.8 billion in investment guarantees from the bloc.The government is planning to slash customs clearance times to two days by 2025, Investment Minister Hassan El Khatib said.The Senate will vote on a bill that aims to tighten restrictions on those aiming to join the importers registry, stipulating that those aiming to join the register should have a capital of at least EGP500k, and for limited liability companies to have a paid up capital of at least EGP2 million. A group of Saudi families intend to pump investments of USD150 million into the Egyptian market in the coming period, according to the head of Business City Group, an investment advisory company.The Suez Canal Economic Zone (SCZone) signed a land usufruct agreement with ORAS subsidiary, Orascom Industrial Parks, for its already announced EGP13 billion integrated industrial complex planned for the Sokhna Industrial Zone. A consortium of international institutions is to provide some USD106 million in new funding to the Red Sea Wind Energy (RSWE) — a JV between ORAS, France's Engie, and Japan's Toyota Tsusho/Eurus Energy. PHDC and Marriott International signed an agreement to establish The Ritz-Carlton Residences. CCAP sent a release concerning an administrative seizure by the Egyptian Customs Authority on ERC for a total amount of EGP379 million representing tax differences and customs duties due for 15 customs declarations, in addition to additional added tax (VAT ). In conclusion, the negotiations between the Egyptian General Petroleum Corporation and the Customs Authority on 20 November 2024 successfully led to the Customs Authority lifting the administrative seizure.A consortium of local banks is currently studying a USD100 million syndicated loan for the Egyptian Bioethanol Company (EBIOL) to build its bioethanol factory in Damietta with a capacity of 100k tons per year. We note that SKPC owns 7.5% of EBIOL.We updated our FV of PHAR to EGP63.25/share and maintain Overweight.PHAR's USD100 million biopharma factory is set to launch operations in 1Q25, according to a Health Ministry statement. The factory aims to localize the production of biologics and biopharmaceuticals both in terms of their final products and as active ingredients.HRHO's commercial bank, Bank NXT, signed a cooperation protocol with the Urban Development Fund (UDF) to provide mortgage financing to individuals purchasing UDF units in governorates across the country. National Investment Bank (NIB) sold almost its full stake of 9.99% in MBSC in a deal worth EGP287.3 million. NIB sold 6.11 million shares at a price of EGP47.00/share.A number of car agents are negotiating with El Nasr Automotive to use its production lines to locally assemble some of their models during the coming period. The contracts of beet sugar producing companies recorded an increase during the current season, supported by an increase in the cultivated area of beets by 16% since the start of the planting season last August until 10 November.

In this episode of the Valley Today, Janet shares more of the recent conversation with Andrea Cosans, the executive director at Winchester CCAP. The pair explored the types of donations that are most needed at local food pantries. Andrea emphasized that while traditionally only non-perishable items were accepted, these days, many food pantries have the capacity to store perishable items like dairy products, meats, and fresh produce, thanks to grants and improved refrigeration capabilities. Andrea mentioned that there is always a high demand for dairy items such as butter and eggs, which are rarely donated, especially in the winter. She also highlighted the challenges with obtaining produce and meat regularly. Although the Blue Ridge Area Food Bank supplies some staple items, there are periods when essential items like meat and cereal might be unavailable. Pantries now need more than just food donations. Items like laundry detergent, paper towels, toilet paper, and personal hygiene products are costly and always in demand. Andrea also noted the necessity of bottled water for clients who may not have access to potable water and to keep volunteers hydrated. Children's snacks, cheese, and even pet food were pointed out as beneficial donations. There's also a strong collaboration between nonprofits in the area, sharing resources and support, which is crucial for operational efficiency. Andrea explained that outdated or unusable clothing should be donated to hospice services for reclamation to avoid wastage. Andrea provided details about how to help and where to drop off donations at CCAP, including their website and hours of operation. Financial donations are also welcome to allow the pantry to purchase needed items directly. In the second segment, listeners were encouraged to support food pantries by donating or volunteering. A rundown of several food pantries in the Shenandoah Valley area was given, with information on their locations, operation hours, and specific needs, emphasizing that local food pantries require continuous community support, especially during the holiday season. This is by no means a complete list. You can access more resources on the United Way NSV website by clicking here. You can download their Community Resource Directory by clicking here. Please check their websites or social media to confirm their hours and any restrictions they may have as things may have changed since this show aired. Winchester Rescue Mission is located at 435 North Cameron Street, and they serve meals every day of the week, every week of the year at their Cafe on Cameron. Lunch is served every day from 11:30am until 12:30pm. Dinner is served from 5:30pm until 6:30pm. You're also welcome to take a to-go meal. Those are available at noon and at 6pm each day. Their food pantry is open Monday through Friday from 10am until 11am. Their food distribution is open to anyone in the community needing food for themselves and their families. The community meals are open to the Winchester community. If you want more information about Winchester Rescue Mission, head over to their website at winrescue. org. There they have a wish list, of items that they always need for donations. I'm sure they're always looking for volunteers as well. And you can follow them on Facebook. Braddock Street United Methodist Church offers a hot meal every Monday night at 6pm. They are located at 115 Wolfe Street in downtown Winchester. Highland Food Pantry is located at 446 Highland Avenue, Winchester. They are in the lower level of the Highland Memorial Presbyterian Church. They are open on Tuesdays from 9am until 11am and from 6pm until 7:30pm. Follow them on Facebook for updates. Stephens City United Methodist Church, located at 5291 Main Street, Stephens City has a drive-thru pantry on Tuesdays from 11am until 2pm in their parking lot. It is open to residents of Frederick County, Winchester, and Front Royal. You can receive food every other week, and some of that food includes frozen meats, chilled dairy products, fresh produce, pet food, and cleaning and hygiene items, in addition to canned and boxed goods. Victory Church Food Bank and the Olive Branch Food Pantry at 2870 Middle Road also provides a drive-thru service. They are open on Wednesdays from 9:30am until noon. Hayfield Assembly of God on the second and fourth Tuesday of every month offers a food pantry from 9am until 11am. They are located at 5118 Northwestern Turnpike in Gore. Welltown United Methodist Church at 1444 Welltown Road in Clearbrook offers a food pantry on Thursdays from 5:30pm until 7pm. Emmanuel United Methodist Church at 2732 Martinsburg Pike in Stephenson every Monday from 4:30pm until 5:30pm. They offer hot meals and a food pantry.  Laurel Ridge Community College operates a food pantry for its students. It is open Monday through Friday from 8am until 7pm. You can head to the TRIO office which is in room 606 of Cornerstone Hall. Do a little self-service shopping or you can fill out an online order form, and select your pickup date and time. You can also find a list of other food pantries on their website: https://laurelridge.edu/foodpantry/  FISH of Clarke County is located at 36 East Main Street in Berryville. They are open on Tuesdays from 8am until 10am and on Wednesdays from 8am until 11am. Follow them on Facebook for updates. Go to the back door of the building to access their food pantry. The Christ Episcopal Church in Millwood, located at 843 Bishop Meade Road operates its food pantry on the first Friday of the month from 1pm until 3pm. They also have a special first Saturday of the month from 9am until 11am for seniors and clients with special needs. Bread of Life at Woodstock Presbyterian Church is located at 156 South Muhlenberg Street in Woodstock. They are open on the third Tuesday and the third Thursday from 1pm to 4pm for their food pantry. The Compassion Cupboard at 533 Burgess Street in Strasburg is open on the third Tuesday of the month from 9am until Noon, and from 1pm until 3pm. Loaves and Fishes Pantry at Manor Memorial UMC is open on the third Thursday of the month from 1pm until 5pm. They are located at 9320 North Congress Street in New Market. Loaves and Fishes in Front Royal is located at 613 North Royal Avenue. They're open on Tuesdays from 1pm until 3pm, and on Thursdays and Fridays from 9am until 1pm. Front Royal Salvation Army has a food pantry that operates Monday through Friday from 9am until Noon and from 1:30pm until 3:30pm. They are closed on Wednesdays. They're located at 357 Cloud Street. As a side note, their kettle kickoff is on Saturday, November 18, 2023, at 12:30 at WalMart in Riverton Commons. You can register to ring and give them a little bit of volunteer support during the holidays.  In Page County, Page One has two locations. We just talked to Page One last month on the show. Page One - Luray is located at 35 North Bank Street. They are open Monday, Tuesday, and Thursday from 8:30am until 11am. They also offer delivery for homebound residents. Their second location, Page One - Shenandoah is Located at 600 Comer Lane. They are open Monday, Wednesday, and Friday from 10:30am until 2:30pm. They do not offer delivery but can bring your food to the curb if needed. 

The CBE's MPC is scheduled to meet today. We remind you that we expect the CBE to prefer to hold rates unchanged in today's meeting due to persistent inflationary pressures, among other factors.Senior private and public sector figures from Egypt and the UAE inked numerous investments:Cabinet greenlit two power purchase agreements for two separate solar projects for a consortium made up of the UAE's Masdar, Hassan Allam Utilities, and Infinity Power.Cabinet approved a draft decision to establish a USD10 million private freezone for ready-made garments in Sadat City. Sources in the Ministry of Electricity revealed that USD3.5 billion are expected as investments in the renewable energy plant project located in Zaafrana.Egypt's fourth IMF review is set to wrap by tomorrow, with only procedural stages left before the Fund's Executive Board formally greenlights the decision that will unlock USD1.3 billion in financing. Sources said that although the Suez Canal Authority's contributions to the state coffers plummeted 92% y-o-y to EGP1.0 billion in the first quarter of FY24-25, the shortfall was partially offset by a 108% surge in revenues from special funds.Turkish Investment group Erciyas Holding is looking to establish a USD60 million oil, natural gas, and water pipelines factory in Egypt.Turkish clothing manufacturer Eroglu Holding has broken ground on its USD51 million garments factory in the Qantara West Industrial Zone.The government is getting ready to launch the EGP115 billion second phase of the universal health insurance system in the next fiscal year.Egypt may need to seek alternatives to Russian wheat, as Russian farmers are turning their backs against the grain, saying they will sow less wheat in favor of higher-margin crops like peas, lentils, and sunflowers, Reuters reports. HRHO 3Q24 net profit after tax and minority interest recorded EGP697 million (-12% q/q, +76% y/y), bringing 9M24 attributable bottom line to EGP3,309 million (+97% y/y). The company is currently trading at 7.7x P/E25 and 0.9x P/B25.The coverage rate of the private offering of United Bank on the EGX reached 1.06 times yesterday, Wednesday, on the first day of opening the subscription door, which lasts for five days, while the public subscription starts on November 27 until December 3.ValU Consumer Finance Company's financing recorded EGP1 billion during the first half of November, which witnessed the White Friday offers, according to Walid Hassouna, the company's CEO. CANA and Mint Real Estate Assets, a joint venture between Al Ahly Sabbour and the National Bank of Egypt, have set up a new real estate development company called Anchors for Real Estate Development. CCAP's consolidated revenue grew 64% YoY to EGP38.2 billion in 2Q24 supported by solid performances across all subsidiaries. However, the Group's net loss expanded by 255% YoY to EGP1.4 billion during the quarter as a result of an increase in non-operating expenses, including revaluation of Allied Corp and TAQA Arabia shares, as well as legal costs associated with the restructuring and settlement of bank debt.ECAP released weak 3Q24 financial results, with net profit dropping to only EGP2.6 million (-96% YoY, -97% QoQ) on the back of a contraction in operating margins, a surge in net interest expense, along with a FX loss of EGP32.8 million. The stock is trading at FY25e P/E of 6.4x.The European Bank for Reconstruction and Development (EBRD) is set to provide some USD21.3 million in new funding to the Red Sea Wind Energy (RSWE) — a JV between ORAS, France's Engie, and Japan's Toyota Tsusho/Eurus Energy. 

In this episode of the Valley Today, host Janet Michael welcomes back Andrea Cosans, Executive Director for Winchester CCAP to discuss various topics related to the services offered by CCAP. Andrea shared that CCAP provides more than just a food pantry; they offer a range of services including small financial grants and clothing. Last year, they supported 3,200 families through their food pantry, provided financial assistance to 1,200 households, and helped 1,600 individuals through their clothing house. The conversation transitioned to the recent gala, which featured a successful fashion show where volunteers and business owners modeled clothing from the clothing house, raising over $30,000. Andrea appreciated all the volunteers and sponsors, highlighting contributions from local community members and organizations. They discussed several collaborative initiatives, including the provision of prom dresses through the organization Gowns for His Glory, and the support from entities like Crescent City Charities and the Adams Company. Additionally, Janet and Andrea highlighted the role of the United Way in fostering collaboration among nonprofits to better serve the community. Andrea elaborated on the food distribution processes at CCAP, noting how they collaborate with various local food pantries to ensure a diverse and sufficient food supply. This year, they face challenges due to the holiday schedule but are committed to finding solutions. They also mentioned the importance of fresh produce, often sourced from local store donations. Janet brought up the importance of culturally appropriate food, particularly for the Afghan refugees and other diverse populations they serve. Andrea cited the partnerships they have established to meet these needs. The Thanksgiving giveaway was a major focus, with Andrea explaining the logistics involved and the broad reach of their food distribution, ensuring hundreds of local families have a proper holiday meal. They also look forward to the Christmas giveaway, intending to provide both food and toys in collaboration with Bright Futures and other partners. A significant portion of their operations is volunteer-driven, with Andrea expressing gratitude for their 200 volunteers. She emphasized the value of volunteers from all walks of life, including those fulfilling community service requirements. Janet and Andrea both spoke about how vital these volunteers are to their mission. They also discussed the ongoing need for volunteers with specialized skills to help further CCAP's mission. Tune in on Friday for more of the conversation with Andrea about the types of food most needed at area food pantries and why. Learn more about Winchester CCAP on their website: https://www.ccapwinchester.org/   

This week, AmyBeth Simbeck, Vice President of Communications for the CCAP program, joins the Real Estate Matters podcast to share her insights and expertise in the field.

The Supreme Constitutional Court ruled on Saturday that the 7% flat rate in the Old Rental Law for residential properties is unconstitutional and called on the Egyptian parliament to amend the law.The US Federal Reserve cut interest rates for the second time, this time by 25 bps, bringing them to 4.5%-4.75%.The Oil Ministry launched the Sustainable Aviation Fuel Production Company, which will invest USD530 million to develop production facilities and integrate the facility with other petroleum companies in Alexandria governorate. US multinational conglomerate Honeywell has finished its feasibility study with the European Bank of Reconstruction and Development for SAF production in Egypt, according to a statement from the Ministry.Emirati oil and gas giant Dana Gas is waiting for USD24 million out of a total USD59 million of outstanding dues owed by the government to be paid before it launches a USD100 million project to develop production, the company said.Tourist footfall is expected to reach a record high of 15.3 million in 2024, increasing 5% YoY, according to a statement from the Tourism Ministry. An unnamed Chinese company is looking to set up a USD360 million tire factory in the Suez Canal Economic Zone (SCZone) in partnership with the state-owned Arab Organization for Industrialization (AOI). Austrian wood panels manufacturer Kronospan wants to partner with Nag Hamady Fiberboard Company to set up a 150k sqm production line in the Egyptian company's existing factory to produce MDF, according to a statement by the Industry Ministry. Egypt is committed to repaying loans worth USD3 billion to Gulf banks in November. Egypt will repay some USD1.3 billion in USD-denominated bonds today for debt issued in 2016, according to Al Arabiya, citing unnamed sources. The Shalatin Mineral Resources Company, affiliated with the Ministry of Petroleum, aims to deliver gold to the CBE amounting to a ton by the end of this year 2024.ISPH reported positive 3Q24 results: Bottom line amounted to EGP185 million, up 49.8% QoQ and 3.4x YoY. 9M24 bottom line came in at EGP407 million, up 1.3x YoY. ISPH is trading at 2025 multiples of EV/EBITDA of 3.0x and P/E of 9.8x.EBRD gave its initial approval to a USD120 million equity bridge loan to Obelisk Solar — a special purpose vehicle owned by Norway's Scatec — to fund part of Scatec's 1-GW solar power plant in Nagaa Hammadi to power EGAL's industrial complex with 2 GW of green energy.Ministry of Electricity set the feed-in tariff for solar panels using the battery energy storage system at USD0.023/kWh for privately-owned solar panels and USD0.014/kWh for state-owned solar panels. CCAP's subsidiary, Egyptian Refining Company (ERC), plans to repay USD200 million of its outstanding USD742 million debt by December, company head Mohamed Saad stated. EFID announced the signing of a toll manufacturing agreement in the biscuit business with Misr Food Additives (MIFAD). Phillip Morris increased the prices of its tobacco products for the the third time this year, raising prices by EGP5 across its offerings in the local market.

In this episode of the New England Endurance Podcast, we're spotlighting Connecticut's cycling scene and introducing you to two standout leaders shaping its future—brothers Ben and Brian Wolfe! Join us as we dive into their work with the Connecticut Cycling Advancement Program (CCAP), a dynamic organization founded to make youth cycling accessible across the state. Brian Wolfe, CCAP's Executive Director, shares his vision for building one of the nation's premier youth cycling programs, fostering a supportive, lifelong community for young riders. Meanwhile, Ben Wolfe, a senior coach at Charles Coaching & Nutrition Services and a former Jelly Belly pro, talks about his data-driven, personalized coaching philosophy that elevates endurance athletes of all levels.Tune in to hear Ben and Brian share their favorite Connecticut cycling gems, including the thrilling Tuesday Night Criterium at Rentschler Field and the action-packed New Haven Grand Prix. Discover the challenges and triumphs of growing youth cycling in New England, the importance of mentorship, and how a balanced, resilient approach can unlock an athlete's full potential. This episode is packed with insights for cyclists and endurance athletes alike, as we explore the hidden gems and race stories that make Connecticut's scene one to watch and visit.For more about CCAP and Charles Coaching & Nutrition Services, check out the links in our show notes and follow us on Instagram at @newenglandendurance.Art & Eric embark on a journey to showcase and celebrate the endurance sports community in New England.

In this episode of The Valley Today, host Janet Michael is joined by Andrea Cosans, the executive director of Winchester CCAP, to celebrate their 50-year anniversary. The conversation begins with Andrea providing a history of CCAP, highlighting its origins and evolution over the decades. Initially founded by members of various church congregations to assist families struggling in the last week of the month, CCAP's mission has remained focused on helping neighbors in need with food, clothing, and financial aid. Andrea also shares anecdotes about the organization's journey, including its early locations and benefactors. She notes that JJ Smith and his family were significant supporters, helping CCAP secure its current building. Andrea explains her own arrival in Winchester and her path to becoming the first paid director of CCAP in 2020. The conversation then shifts to the changes in CCAP's services over the years. Andrea explains that while the organization had briefly strayed into homelessness services, they have since refocused on their original mission of homelessness prevention. This includes providing food, clothing, financial aid, and a self-sufficiency program designed to help clients achieve stable employment and housing. Andrea highlights several of CCAP's successful programs, such as the firewood program supported by local Rotary Clubs and Westminster Canterbury, which provides free or subsidized firewood to families in need. She emphasizes the importance of nonprofit collaboration and community support in sustaining CCAP's services. Fundraising is mentioned as a critical aspect of CCAP's operations, with events like the annual gala, bike event, and golf tournament contributing significantly to their budget. Andrea shares details about their upcoming gala being held on October 24, 2024, at George Washington Wyndham Grand Hotel. The event will feature a fashion show with local models wearing outfits from CCAP's clothing house. The dinner menu is inspired by CCAP's food pantry. Limited tickets are still available and can be purchased by clicking here. Follow them on Facebook to stay up to date on events, fundraisers, volunteer opportunities and more.

Mitch and Aldo sit with Amber and Susan to talk about a recent trip they took to Alaska. They visited an incredible lodge called The Lodge at 58 North, enjoyed top-tier hospitality, world-class fishing, and incredible nature. Learn more about the fantastic work Amber and Susan are doing in their own lives at the links below.  Special shout outs to: @thelodgeat58north book with them here: https://thelodgeat58north.com/   @unitedwomenonthefly & @ifishibelong learn more about these women-led initiatives here: https://uwotf.com/ https://ifishibelong.org/     AMBER @thebugparade @takeastand.highwood    SUSAN Wildlife Habitat Canada - https://whc.org/   Stamp Grant: https://whc.org/grants/stamp-grant/  NHCP-LTCF Small Grants: https://whc.org/grants/ltcf/small-grants-program/  NHCP-LTCF Large Grants: https://whc.org/grants/ltcf/large-grants-program/  CCAP: https://whc.org/grants/ccap/    Thank you to our sponsors: Drift Outfitters: https://www.driftoutfitters.com/ Redington: ⁠https://farbank.com/pages/redington⁠ Chums: ⁠https://chums.com/en-ca⁠ Costa: ⁠https://www.costadelmar.com/ Muskoka Brewery: https://muskokabrewery.com/collections/non-alcoholic Hooke: https://hooke.ca/ Podcast Intro Theme Song Music: “Favela Beat“ by Birocratic (www.birocratic.com) The song used in our podcast was licensed via Birocratic License v05.2016. For info on how you can use this music in your project, check out ⁠http://www.birocratic.com/license-app.⁠ To download Birocratic's 60+ song discography, visit http:// birocratic.bandcamp.com.

Our conversation for United Way Day discusses the operations and initiatives of Winchester CCAP with Executive Director Andrea Cosans. She highlights various aspects of Winchester CCAP's efforts in homeless prevention and community support, including their food pantry, clothing ministry, and financial assistance programs. Andrea explains how Winchester CCAP strives to offer not just immediate aid but long-term solutions by providing services like therapy and life coaching to help clients achieve self-sufficiency. We also delve into the importance of community support and donations, stressing the generosity of local residents and organizations in providing food, clothing, and financial resources. We discuss the innovative use of community freedges as a resource for those unable to visit during regular hours, highlighting the flexibility and reduced stigma they offer. The fundraising efforts of Winchester CCAP are a significant focus, with detailed mention of events like the bike tour and the upcoming gala celebrating CCAP's 50th anniversary. Andrea shares the challenges and successes of organizing these events, emphasizing the importance of building long-term relationships with donors and volunteers. To learn more about the bike tour, visit: https://www.bikereg.com/4th-annual-ccap-benefit-bike-tour  A notable part of our discussion involves the culturally appropriate food initiative, funded by a United Way Impact Grant, aimed at catering to the diverse needs of CCAP's clientele, including Afghan refugees requiring halal meat. Andrea emphasizes the importance of partnerships with various community organizations in fulfilling these needs. In addition, we talk about the plan to develop an app that consolidates resources for people in need, aiming to simplify access to assistance across multiple organizations. Finally, they discuss the continuous need for monetary donations, volunteers, and community engagement to maintain and expand Winchester CCAP's services. To make a donation, volunteer, view their annual report and financials, visit their website: https://www.ccapwinchester.org/ 

PlanRVA is seeking community feedback on a new plan aimed at reducing greenhouse gas emissions throughout the Richmond region by 2050. The effort is part of the Comprehensive Climate Action Plan, which itself is a portion of the Environmental Protection Agency's Climate Pollution Reduction Grants Program. PlanRVA, the region's planning district commission, last year received a [post_excerpt] million grant to fund climate action planning efforts in the Richmond Metro Statistical Area, which includes 18 localities and five local tribes. As part of the federal government's Justice40 initiative, the CCAP includes a workforce development analysis to assess the benefits of climate...Article LinkSupport the Show.

In this episode of Au Paired Up, Tricia takes the reins as she shares her solo adventure with the kids while Barbara enjoys a well-deserved vacation. Join us as Tricia recounts her journey through the highs and lows of Spring Break at Grandma's house, managing the household without childcare, and navigating the daily chaos with grace and resilience.

Join us on a journey to Brazil in this captivating episode of Au Paired Up, as we follow Barbara's exhilarating trip back to her homeland. Listen in as Barbara shares her expectations, surprises, and candid reflections on her homecoming, offering a fascinating glimpse into the intricacies of returning to familiar yet transformed surroundings.

What You Will Learn: ·        The importance of safety in critical time periods (1 min) ·        Pam's bio and her background on how she set the foundation for integrating aromatherapy in hospital-based nursing and midwifery programs (1min 30 sec) ·        What got Pam interested in women's health, mental health, and aromatherapy (7 min) ·        How Pam got into aromatherapy by “chance” (9 min) ·        Pam's initial journey into integrating the use of aromatherapy with patients in U.S. hospitals (17 min) ·        Pam's experience in England on evidence-based clinical aromatherapy in nursing and midwifery that was divinely led: (19 min) o   Pam became an intern and protégé to Denise Tiran, studying clinical aromatherapy and how to bridge essential oils into conventional care. o   Pam was exposed to the significant research by Ethel Burns that tested the safety of ten essential oils for anxiety, depression, nausea, pain, and contractions in pregnancy (25 min) §  Initially launched as a six-month pilot study, its positive results led to an eight-year research-grant study with over 15,000 women. §  The beneficial results were replicated for these same oils regarding their safety in moms-to-be and the relief for nausea, anxiety, and pain.  §  Pam trained at a hospital that replicated Ethel Burn's study, she bought the program so she could teach it to nurses and midwives in the US. ·        Pam's continual education course for professionals that provides the updated research on the six essential oils found to be safe in pregnancy (also available to naturopathic doctors) (31 min) ·        An overview of Pam's books which review the safe use of essential oils in women's health and mental health and a specialized pediatric section (32 min) ·        The difference and importance between learning about individual oils vs. blends (35 min) ·        The dilution ratio for using essential oils in pregnancy and with pediatrics (35.30 min) ·        The number one oil studied for anxiety in research (39 min) ·        Pam's aromatherapy logo campaign for mental health awareness (39.30 min) ·        Why it's important to use external applications of essential oils in those taking medications (40 min) ·        Pam's favorite essential oils and self-care ritual (43.30 min) ·        Pam's “Luxury Oils Blend” recipe for postpartum depression, anxiety, and mental health: o   2-4% dilution of 20 drops lavender, 10 drops jasmine, and 4 drops of rose oil in 4ml container mixed with an unscented lotion ·        Pam's closing words on sharing humanity and connection (47.30 min) Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Au Paired Up, we hear part one of a two part series and delve into the intricate world of host family and Au Pair preferences, exploring the factors that influence their choices and the importance of finding the perfect match. Join us as we uncover the preferences that host families and Au Pairs often prioritize and the reasons behind their selections, shedding light on the nuances of the Au Pair program.

In this episode of Au Paired Up, we hear part one of a two part series and delve into the intricate world of host family and Au Pair preferences, exploring the factors that influence their choices and the importance of finding the perfect match. Join us as we uncover the preferences that host families and Au Pairs often prioritize and the reasons behind their selections, shedding light on the nuances of the Au Pair program.

In part 2 of this enlightening episode of Au Paired Up, we are joined by special guest Ciarra Morgan, a certified birth doula, Podcaster for Birth, Baby! and so much more, as we dive into the world of childbirth and doula support. Join us as we explore the role of doulas, debunk common misconceptions, and discuss how Au Pairs can offer valuable support to host families during the childbirth journey and beyond.

In this episode of Au Paired Up, we delve into the diverse world of parenting styles, recognizing that there is no one-size-fits-all approach to raising children. Join us as we explore different parenting styles, discuss the importance of aligning with your host family's preferences, and get your Au Pair's buy in.  We share practical tips for navigating the complexities of childcare with flexibility, understanding, and empathy.

Embark on a journey of self-discovery in this empowering episode of Au Paired Up, where we unravel the essential traits and characteristics that pave the way for a successful Au Pair experience. Join us as we explore the qualities that contribute to building strong relationships, fostering cultural exchange, and creating a fulfilling journey as an Au Pair.

Embark on a journey of discovery in this enlightening episode of Au Paired Up, where we delve into the key traits and characteristics that lay the foundation for a successful host family and Au Pair relationship. Join us as we explore the qualities that create a harmonious and supportive environment, fostering meaningful connections and unforgettable memories in the world of Au Pairing.

For this bitter cold week, Barry interviews Mike Perry who cuts, splits and delivers firewood for CCAP to those in need.  Mike and Bill Huehn are the Iron Men of the Wood Lot for their 13 year streak of delivering comfort. Barry also gets into a stretch of "how cold is it" observances.  "It's so cold ... "

Paul A. LaLonde, SHRM-CP, CCAP is a deliberate HR pro, who believes philosophy is a difference-making pursuit in business and life. Paul serves as the VP of People & Culture for CEDA of Cook County in Chicago. CEDA is one of the largest Community Action Agencies in the Country. Paul has won numerous awards including the HR Today MVP Award for his blog HR Philosopher. He is also a bestselling author of the book People Fusion: Best Practices to Build and Retain a Strong Team. Mentioned on the Show:The HR Philosopher (blog): https://hrphilosopher.com/People Fusion (book): https://a.co/d/8nbTBkgThe Art of Living and Finding Happiness translated by Sharon Lebell (book): https://a.co/d/e5lGvcyThe Obstacle Is the Way by Ryan Holiday (book): https://a.co/d/gKitXFFMan's Search For Meaning by Viktor Frankl (book): https://a.co/d/7KWlloqThe Tao of Strategy by L. J. Bourgeois, Serge Eygenson, Kanokrat Namasondhi (book): https://a.co/d/bcvtVIlTimestamps:(1:44) - Welcoming Paul(2:15) - What is philosophy to you?(6:16) - How did you come to philosophy originally?(8:37) - What types of philosophy have you studied the most and which do you think are most relevant to business leaders today?(14:28) - Can you explain the Philosopher Manager concept?(16:41) - Where do people start and what are the basic principles of the Philosopher Manager?(25:13) - What does it mean to lead yourself?(27:28) - What does your journaling practice look like?(28:56) - Will you take a quote or a line and break down what it means to you?(31:05) - What does the personal reflection look like when you don't act as you think you should have?(40:05) - How do you use philosophy when making decisions?(42:10) - Is there anything you've learned from philosophy that's helped you communicate better?(47:11) - What changes have you made in your personal life based on these philosophies?(55:01) - Where is the best place for the newcomer to start?(57:14) - What is the purpose of business?

In this festive episode of Au Paired Up, we continue to explore the jolly world of Christmas as an Au Pair in part 2 of this topic. From heartwarming moments to unexpected challenges, we discuss various scenarios in our favorite holiday edition of "What Would You Do?"  Listen for a holly-jolly discussion filled with laughter, insights, and heartwarming tales from the holiday season!

Our conversation today began with Andrea Cosans, Director of Winchester CCAP to talk about her organization, specifically the three "freedges" that she has located in Winchester & Frederick County. She explained what they are, how they work, and the value & convenience they bring to those wishing to donate food as well as receive food in our area. She also talked of the great need for volunteers in a wide range of capacities. Learn more about Winchester CCAP on their website: https://www.ccapwinchester.org/ and by following them on Facebook. In the second segment, I ran through a list of food pantries across the Shenandoah Valley. This was, by no means a complete list. You can access more resources on the United Way NSV website by clicking here. You can download their Community Resource Directory by clicking here. Please check their websites or social media to confirm their hours and any restrictions they may have as things may have changed since this show aired. We're going to start off with the Winchester Rescue Mission. They are located at 435 North Cameron Street, and they serve meals every day of the week, every week of the year at their Cafe on Cameron. Lunch is served every day from 11:30am until 12:30pm. Dinner is served from 5:30pm until 6:30pm. You're also welcome to take a to-go meal. Those are available at noon and at 6pm each day. Their food pantry is open Monday through Friday from 10am until 11am. Their food distribution is open to anyone in the community needing food for themselves and their families. The community meals are open to the Winchester community. If you want more information about Winchester Rescue Mission, head over to their website at winrescue. org. There they have a wish list, of items that they always need for donations. I'm sure they're always looking for volunteers as well. And you can follow them on Facebook. Braddock Street United Methodist Church offers a hot meal every Monday night at 6pm. They are located at 115 Wolfe Street in downtown Winchester. Highland Food Pantry is located at 446 Highland Avenue, Winchester. They are in the lower level of the Highland Memorial Presbyterian Church. They are open on Tuesdays from 9am until 11am and from 6pm until 7:30pm. Follow them on Facebook for updates. Stephens City United Methodist Church, located at 5291 Main Street, Stephens City has a drive-thru pantry on Tuesdays from 11am until 2pm in their parking lot. It is open to residents of Frederick County, Winchester, and Front Royal. You can receive food every other week, and some of that food includes frozen meats, chilled dairy products, fresh produce, pet food, and cleaning and hygiene items, in addition to canned and boxed goods. Victory Church Food Bank and the Olive Branch Food Pantry at 2870 Middle Road also provides a drive-thru service. They are open on Wednesdays from 9:30am until noon. Hayfield Assembly of God on the second and fourth Tuesday of every month offers a food pantry from 9am until 11am. They are located at 5118 Northwestern Turnpike in Gore. Welltown United Methodist Church at 1444 Welltown Road in Clearbrook offers a food pantry on Thursdays from 5:30pm until 7pm. Emmanuel United Methodist Church at 2732 Martinsburg Pike in Stephenson every Monday from 4:30pm until 5:30pm. They offer hot meals and a food pantry.  Laurel Ridge Community College operates a food pantry for its students. It is open Monday through Friday from 8am until 7pm. You can head to the TRIO office which is in room 606 of Cornerstone Hall. Do a little self-service shopping or you can fill out an online order form, and select your pickup date and time. You can also find a list of other food pantries on their website: https://laurelridge.edu/foodpantry/  FISH of Clarke County is located at 36 East Main Street in Berryville. They are open on Tuesdays from 8am until 10am and on Wednesdays from 8am until 11am. Follow them on Facebook for updates. Go to the back door of the building to access their food pantry. The Christ Episcopal Church in Millwood, located at 843 Bishop Meade Road operates its food pantry on the first Friday of the month from 1pm until 3pm. They also have a special first Saturday of the month from 9am until 11am for seniors and clients with special needs. Bread of Life at Woodstock Presbyterian Church is located at 156 South Muhlenberg Street in Woodstock. They are open on the third Tuesday and the third Thursday from 1pm to 4pm for their food pantry. The Compassion Cupboard at 533 Burgess Street in Strasburg is open on the third Tuesday of the month from 9am until Noon, and from 1pm until 3pm. Loaves and Fishes Pantry at Manor Memorial UMC is open on the third Thursday of the month from 1pm until 5pm. They are located at 9320 North Congress Street in New Market. Loaves and Fishes in Front Royal is located at 613 North Royal Avenue. They're open on Tuesdays from 1pm until 3pm, and on Thursdays and Fridays from 9am until 1pm. Front Royal Salvation Army has a food pantry that operates Monday through Friday from 9am until Noon and from 1:30pm until 3:30pm. They are closed on Wednesdays. They're located at 357 Cloud Street. As a side note, their kettle kickoff is on Saturday, November 18, 2023, at 12:30 at WalMart in Riverton Commons. You can register to ring and give them a little bit of volunteer support during the holidays.  In Page County, Page One has two locations. We just talked to Page One last month on the show. Page One - Luray is located at 35 North Bank Street. They are open Monday, Tuesday, and Thursday from 8:30am until 11am. They also offer delivery for homebound residents. Their second location, Page One - Shenandoah is Located at 600 Comer Lane. They are open Monday, Wednesday, and Friday from 10:30am until 2:30pm. They do not offer delivery but can bring your food to the curb if needed. 

Today's conversation took place in two parts in two different locations on Saturday morning. In the first segment, we spent some time with Melinda Topham from JustServe.org and a few of the youth volunteers from the Church of Jesus Christ of Latter-Day Saints who came to Winchester CCAP to help pack Thanksgiving boxes, sort diapers and be personal shoppers during CCAP's Saturday free food giveaway. In the second segment, Shannon Ganoe & Melinda Topham from JustServe.org were joined by Melinda's 17-year-old son Zachary, her daughter Heather, and Heather's friend, Nicole.  We talked about the ease of using the JustServe app to find volunteer opportunities, the group gave examples of organizations that are looking for volunteers, and the "kids" told us about their experiences doing service projects. Melinda also gave details for the Light the World Community Christmas Celebration featuring live music, art, giving, and nativities from around the world. The event will take place on Friday, December 1, 2023 from 6pm - 8:30pm at the Church of Jesus Christ of Latter-Day Saints (399 Apple Pie Ridge Road.) The celebration is open to the public and free to attend. Melinda told us about the "giving poster" that will be highlighted at the event. You can view that by clicking here.

Tricia and Barbara discuss how and when to tell big news coming from the host family or the Au Pair to the other.  

Tricia and Barbara discuss phones and phone plans for Au Pairs along with some tips and tricks that they learned the hard way.  They also discuss some of the differences Au Pairs may not be aware of when it comes to phone plans and what costs extra.

Tricia and Barbara discuss the details that led to Tricia wanting to start hosting an Au Pair as well as why it worked for her family.  They also discuss some of the added benefits of having an Au Pair.

Barbara and Tricia discuss what events happened in Barbara's life to lead her down the path to becoming an Au Pair.

It's just Kate this week! Join her for updates on the Making Connections Annual Conferencethe Child Care Assistance ProgramWhat's Upcoming from the Instructional SuiteThe Picture of Child Care surveyA special call for art plus a Bright Idea from our own Kathleen Harland, all on this week's Shorties!--Home & Classroom is an interview-style podcast featuring child development experts and Shorties! is a news-style podcast on what's happening at Brightside Up.

Three guests join Barry this week to discuss how community non-profits will come together on September 28th to network and collaborate with one another, and how the public can come in to meet face to face with these organizations to inquire about volunteer opportunities. It's "Community Connect and Serve" (and Volunteer Fair) on September 28th at The Church of Jesus Christ of Latter Day Saints, 399 Apple Pie Ridge Road, Winchester. Joining Barry are Shannon Atkinson-Ganoe and Melinda Topham with "Just Serve", and Andrea Cosans, Executive Director of CCAP.

Our conversation today with Kaycee Childress, CEO of United Way Northern Shenandoah Valley featured Andrea Cosans, Executive Director for Winchester CCAP.  Andrea gave us an overview of the various services they offer the Winchester/Frederick County community and talked about the 20% increase they've seen in need and requests for service. We talked about their "freedge" program and the immediate impact it has had on our community. The "Friendly Neighborhood Freedge, Winchester, VA"  is a community refrigerator that is open 24 hours a day for all to enjoy.  If you are going out of town and you have some fresh produce or items you don't want to go to waste, bring it down and share it with your community!  We discussed other items that CCAP needs including clothing, and size 6 diapers. Andrea also gave us details for their 3rd Annual Benefit Bike Tour Event happening on Saturday, August 26, 2023 at 8am.  Andrea explained how important community partnerships are to her organization and expressed gratitude for the impact grants that she's received through United Way Northern Shenandoah Valley.

If you're a working parent, you know there's a special kind of stress that hits you right in your gut when you're searching for someone awesome to care for your kids while you're at work. Childcare is a major cost for parents. Meanwhile, childcare workers put in long hours for low pay. In rural northwest Minnesota, a team of professionals has been working together for the past five years to help more people get into the childcare profession and stay there--and they're seeing success. MPR's Emily Bright spoke about childcare challenges and solutions with three of those leaders: Maria Steen, Child Care Connections Director with CCAP in Moorhead; Missy Okeson, Program Officer with Northwest Childcare Foundation in Bemidji; and Kim Lage, childcare licenser for White Earth Reservation Tribal Council.