POPULARITY
153 episodes with FV
15 episodes with FV
18 episodes with FV
135 episodes with FV
11 episodes with FV
9 episodes with FV
4 episodes with FV
4 episodes with FV
3 episodes with FV
8 episodes with FV
5 episodes with FV
6 episodes with FV
2 episodes with FV
2 episodes with FV
2 episodes with FV
2 episodes with FV
2 episodes with FV
2 episodes with FV
2 episodes with FV
4 episodes with FV
9 episodes with FV
6 episodes with FV
3 episodes with FV
2 episodes with FV
2 episodes with FV
2 episodes with FV
2 episodes with FV
2 episodes with FV
65 episodes with FV
Strategy| Trump says deal with China is "done" and we say EGAL journey to EGP200/share is just getting startedCSAG| CSAG crosses our FV target and time is ripe for a trimVALU| VALU's fair value based on fundamentals but don't mistake market momentum for moreEKHO| Offer for Delta Insurance at EGP 40/share acts as key catalyst for divestment thesisMTIE over BINV| Long what's ahead, hold what's priced in MCQE| Updated Fair Value Highlights Compelling Opportunity
Rundown[Intro] The Chicago White Sox win a road series at Cincinnati in thanks to excellent pitching performances from Jonathan Cannon and Davis Martin. Are their arsenals getting better? Or are the Reds that bad at hitting? With the White Sox starters ERA now ranked 12th in MLB, does that grant more confidence in their overall ability?[11:15] Chase Meidroth, Edgar Quero, and Matt Thaiss all have impressive OBP, but very low slugging percentages. When will opposing teams stop nibbling and challenge these hitters in the zone?[24:54] White Sox trade for reliever Miguel Castro and claim infielder Vinny Capra[34:03] Series Preview: Chicago Cubs. Can the White Sox pitchers hold up against the Cubs very good lineup?[43:54] Luis Robert Jr. trade standing gets shakier. How many teams would offer multiple FV 45 grade prospects for Robert at this stage?
Com a expansão da energia solar no Brasil, muito se fala sobre instalação e geração, mas pouco se discute sobre o que acontece depois que o sistema entra em operação. A manutenção e a detecção de defeitos são etapas fundamentais para garantir o desempenho, a segurança e a vida útil dos sistemas fotovoltaicos.No episódio #129 do Podcast Papo Solar, receberemos Marcelo Shibuya, Professor e pesquisador do IFSP, para uma conversa sobre manutenção e detecção de falhas em sistemas fotovoltaicos. Se você quer evitar prejuízos e garantir o melhor desempenho do seu sistema solar, não perca este episódio do Papo Solar!Curso Usina Solar: Aprenda a projetar sistemas FV de até 3MW: https://cursos.canalsolar.com.br/curso/projeto-avancado-de-usinas-gd-ate-3mw/Consultoria e serviços de usinas FV: https://consultoriacs.com.br/Cursos de Energia Solar e treinamentos: https://cursos.canalsolar.com.br/
"The Bait of Satan" is a winter 2025 FV sermon series based on John Bevere's study about the trap of offense.Find sermon notes, discussion questions, and more, at https://fv.church/media-blog-2025/2025/2/16/the-bait-of-satan
On episode 217 of Inside the SCCA presented by RaceSchool.com, we talk about this weekend's NOLA Super Tour with Runoffs Champion Steve Whitston. Steve shares his story about how he went from his first time in a race car to national champion in four years (maybe it's in the genes). He breaks down going back and forth from a Formula Vee to an FE2 car on the same weekend. We also get Steve's take on the recent changes in SCCA national classing and how it's affected the FV class.We also hear how Steve deals with sibling rivalry on the track. It's a great conversation that made me take a look at some things from a little different viewpoint.https://youtu.be/4Alot1Gmacs Partners - A big thank you to our partners who help make Inside the SCCA possible!FastLane RaceSchool.com | FastLane is one of California's top SCCA accredited racing schools that offers drivers of all skill levels the best and most fun way to learn competitive track driving. Our programs include defensive driving certifications, high-performance driving days, full SCCA licensing courses and so much more. Whatever your track goals are, our race school will help you achieve them. https://raceschool.com/William R. Pintaric and Associates. David Pintaric is a long-time SCCA racer. He's also the Principal at the investment and financial planning firm William R. Pintaric and Associates. Our reasons for becoming financial professionals are deeply personal. We repeatedly saw many friends and family struggling to find the help they needed to map out their financial future. We are confident that with our understanding of personal finance, coupled with our training as financial professionals, we can help people better prepare for the future. After years in the business, we have developed a reputation for educating individuals in an easy-to-understand manner so they can grasp personal finance and use those concepts to pursue their financial objectives. We feel a commitment to our community. Check them out at https://www.wrpintaric.com/Solo Performance Specialties - Learn more at https://soloperformance.com/ - Here's a link to the episode of Inside the SCCA featuring Solo Performance Specialties owner Dave Whitworth • Inside the SCCA | Solo Performance wi... Ray Esports is the official sim racing league of the Inside the SCCA podcasts -- from the "Unofficial SCCA eSports Racing Leagues on Tuesday nights, to the weekend warrior leagues on Saturday and Sunday -- Ray Esports is the place to go for SCCA members to racing. What I like best about the Ray eSports leagues is that the racing is much more respectful than the vast majority of eRacing leagues on iRacing. Go to https://rayesportsracing.com/ for all the info you need. Code Blue by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/Become a patron to support the channel and gain access to exclusive giveaways, Livestream Q&As and more: / racingwirenetwork
Is your brewery prepared to rescue a team member from an FV or other confined space? Do you train & practice rescue regularly or do you plan to just wing it when seconds matter? Special Guest: Andy Troccoli.
In this message, Pastor Candace Pringle explores the root of bitterness and how corrosive it can be to our faith in Jesus Christ, from Matthew 18."The Bait of Satan" is a winter 2025 FV sermon series based on John Bevere's study about the trap of offense.Find sermon notes, discussion questions, and more, at https://fv.church/media-blog-2025/2025/2/16/the-bait-of-satan
Oil Minister Karim Badawi met with CEO of US-based LNG solutions company Excelerate Energy Steven Kobos where they discussed leasing floating storage and regasification units to Egypt, sharing technical expertise, and LNG trade cooperation, according to a Ministry statement.A high-level investment delegation has received preliminary approval to visit Iraq, unnamed sources said. The Holding Company for Food Industries intends to list a number of its subsidiaries on the EGX in the coming period.Oil producer Capricorn Energy said it has reached a preliminary agreement with the EGPC to improve gas pricing to increase production, under terms aimed at boosting investment and production, along with updated commercial terms.British company BP seeks to increase gas production in Egypt by approximately 160 million cubic feet per day, from two wells in the King Mariout and Fayoum concession areas in the deep waters of the Mediterranean Sea, in 2H25.A government official said that the Ministry of Petroleum expects to receive four shipments of imported LNG during April. President Abdel Fattah El-Sisi approved a USD131 million loan agreement from the African Development Bank to help finance the first phase of the Private Sector Development and Economic Diversification Support Program, as part of the state budget support, according to a report published in the Official Gazette.SWDY reported steady 4Q24 results with attributable earnings coming in at EGP4.2 billion (+106% YoY, -13% QoQ). FY24 attributable earnings surged to EGP17.5 billion (+73% YoY). SWDY board of directors proposed a cash dividend distribution of EGP1.00/share, implying a payout ratio of 12.3% and a dividend yield of 1.2%. SWDY is trading at FY25e P/E of 9.7x and EV/EBITDA of 5.5x.EGAL signed a 25-year USD-denominated corporate Power Purchase Agreement with Scatec for a 1.1 GW solar plant and 200MWh battery energy storage system in Naga Hammadi backed by a sovereign guarantee. Scatec targets to reach financial close and start construction within the next 12 months. We expect the new plant to save around 10-15% of the company's electricity cost which could contribute to increasing our FV by EGP20.00/share to EGP175.00/share. We remind you that electricity represents more than 40% of production costs and EGAL's gross margin shrinks by 2-3% for every EGP0.25/kWh increase in electricity tariff, according to our calculations.CIEB lowered its proposed 2024 dividend payout to EGP3.20/share, representing 50.2% of distributable profits, down from a previously planned EGP3.82/share, or 60% of distributable profits, according to a Board decision. The payout remains subject to the general assembly's approval.OLFI is to distribute cash dividends of EGP2.00/share for FY24 on 27 March 2025, for shareholders on record on 24 March 2025, implying a DY of 10.4%.EFID's BoD is considering the approval of doubling the company's capital to EGP280 million. The proposed capital increase of EGP140 million will be distributed on 700 million shares and financed through the company's retained earnings of FY23.
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.
In this message, Pastor Candace Pringle explores the concept of revenge in the Bible, from Romans 12."The Bait of Satan" is a winter 2025 FV sermon series based on John Bevere's study about the trap of offense.Find sermon notes, discussion questions, and more, at https://fv.church/media-blog-2025/2025/2/16/the-bait-of-satan
In this message, Pastor Candace Pringle explores the forgiveness displayed by King David, from 1 & 2 Samuel."The Bait of Satan" is a winter 2025 FV sermon series based on John Bevere's study about the trap of offense.Find sermon notes, discussion questions, and more, at https://fv.church/media-blog-2025/2025/2/16/the-bait-of-satan
In this message, Pastor Candace Pringle explores how our trust in God can make us "unoffendable", like Joseph, from Genesis 37-50. "The Bait of Satan" is a winter 2025 FV sermon series based on John Bevere's study about the trap of offense.Find sermon notes, discussion questions, and more, at https://fv.church/media-blog-2025/2025/2/16/the-bait-of-satan
The MPC is scheduled to meet today to decide on policy rates. We believe the CBE might prefer to cut rates by 100-150 bps in its meeting today.Moody's kept Egypt's outlook positive and affirmed its Caa1 rating. UK-based Shard Capital and Saudi Arabia-based Alqahtani Holding inked a framework agreement for a USD7 billion petrochemical production complex in New Alamein with the Oil Ministry-backed Egyptian Petrochemicals Holding Company and the Investment Ministry. The reconstruction of Gaza can be completed in three years, Prime Minister Moustafa Madbouly said during his weekly presser yesterday. Egypt paid another USD1 billion arrears to foreign oil companies yesterday, according to an official..The Ministry of Petroleum plans to increase Egypt's oil production by 8% during the next fiscal year 2025-2026 to reach 485k barrels per day.The Egyptian General Petroleum Corporation (EGPC) inked updated agreements with US-based IPR Energy and Tunisian oil and gas firm HBS International worth a combined USD13.5 million.The Egyptian government allowed the Cheiron Energy company, owned by businessman Salah Diab, to export about 550k barrels of crude oil last January, in exchange for part of its overdue dues to the EGPC.COMI's BoD proposed to distribute cash dividends of EGP2.50/share.ATLC released positive FY24 financial results: 4Q24 bottom line recorded EGP108 million (3.2x y/y, 2.2x q/q), bringing FY24 net profit to EGP216 million (+26% y/y). We have updated our FV for ATLC from EGP5.17/share to EGP6.66/share. ATLC is currently trading at P/E25 of 3.1x and P/B25 of 0.9x. TMGH achieved FY24 sales, including sales made for third parties, of EGP504 billion, up 252.9% y/y.MFPC signed a cooperation agreement and an MoU with Germany's ThyssenKrupp to develop a USD220 million carbon capture project, the first of its kind in Africa and the Middle East.The EGX's listing committee approved ESRS request to delist its 542 million shares from the bourse.
Cypriot President Nikos Christodoulides reconfirmed that he will sign “the first agreements for the commercialization of natural gas from deposits in the Republic of Cyprus” tomorrow. Egypt's unemployment rate fell to 6.4% in 4Q 2024, down 0.3 percentage points from the previous quarter, according to data from state statistics agency Capmas.Efforts to speed up customs clearance got the cabinet thumbs up, with a plan from the finance and investment ministries to improve the process of exporting and importing goods being passed in its bid to cut customs clearance times down from eight days to just two.A power purchase agreement between Saudi Arabia's ACWA Power and the Egyptian Electricity Transmission Company was approved to allow energy supplies from wind energy projects totaling 2 GW to be fed into the national grid.A plan to simplify private healthcare regulation detailed in a draft law was passed, which is designed to make it easier to license new private healthcare facilities, disentangle administration from ownership, and greenlight foreign players wanting to open up shop in the country.Stamp tax amendments set to replace the planned capital gains tax will be issued within days, Deputy Finance Minister for Tax Policies Sherif El Kilani said. The government intends to reformulate the criteria for granting the golden license, in addition to discussing the determinants and controls for establishing public free zones, in order to govern the procedures related to all industrial activities and projects, Minister Kamel EL-wazir said.ABUK released 2Q24/25 full financial statements with net profit surging to EGP3.2 billion in 2Q24/25 (+59% YoY, +146% QoQ), with a NPM of 47.7% in 2Q24/25 (+1pps YoY, +12pps QoQ), further supported by revenue growth as well as EGP897.4 million of forex gains recorded in the quarter. This brings 1H24/25 bottom line to EGP4.4 billion (+12% YoY) with a NPM of 43.4% (-3pps YoY). ABUK is currently trading at FY24/25f PE of 4.8x.CANA 4Q24 bottom line recorded a strong EGP2,559 million (+95% q/q, +173% y/y), bringing FY24 net profit to EGP5,681 million (+148% y/y, 49% higher than Al Ahly Pharos Estimates). We reiterate our Overweight recommendation of CANA on an updated FV of EGP35.00/share up from EGP 23.08/share. CANA is currently trading at 2.1x P/E 2025 and 0.4x P/B 2025. BoD proposed distribution of 0.54 bonus share for every outstanding share. BTFH aims to launch an app specializing in data analytics in 2025.EMFD inked a strategic partnership agreement with Midar Investment to set up the EGP100 bn New Mivida residential project in New Cairo.
Všetko info o FV a prihlásenie na www.filozofickyvikend.sk Teším sa na skoré stretnutie. Jakub (:
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
Neste episódio do Papo Solar, abordaremos os principais desafios e inovações no mercado de energia solar em 2024, incluindo os avanços tecnológicos e a controversa questão do "fake power". Felipe Santos, Diretor de Vendas LATAM da DAH Solar, será nosso convidado especial para discorrer sobre a queda nos preços dos módulos fotovoltaicos, o impacto dos impostos e como o setor está reagindo às novas tecnologias. A DAH Solar, líder no fornecimento de módulos fotovoltaicos e soluções inovadoras, tem se destacado por contribuir significativamente para o crescimento do mercado de energia solar no Brasil e na América Latina. Felipe compartilha sua experiência sobre como a empresa está se preparando para os desafios do mercado e aproveitando as oportunidades que surgiram ao longo deste ano. Entenda o futuro do setor solar e como as tendências tecnológicas e fiscais podem transformar o mercado de energia fotovoltaica. Mentoria exclusiva gratuita para os nossos alunos sobre inversão de fluxo, garanta a sua vaga: https://cursos.canalsolar.com.br/curso/mentoria-gratuita/ Leia o artigo como substituir um módulo FV defeituoso com segurança: https://canalsolar.com.br/como-substituir-com-seguranca-um-modulo-fotovoltaico-defeituoso/ Ative as notificações para assistir os próximos conteúdos!
Egypt is in talks with the International Monetary Fund to extend timelines for key reforms under its economic reform program, a senior government official said. The official expects Egypt to be placed on the IMF Executive Board's agenda before the Christmas holidays for the amendments to be given the final greenlight.The average yield on three-month EGP-denominated t-bills rose to 31.419% in Sunday's auction by the Central Bank of Egypt, up 0.219 percentage points since the same bills last went to auction. Net foreign reserves remained flat at USD47.0 billion at the end of November 2024.Chinese luggage manufacturer Hangzhou Henneway Travel Goods kicked off construction on its USD50 million factory in the Suez Canal Economic Zone's (SCZone) Qantara West Industrial Zone.CBE data revealed that Egypt paid USD1.3 billion in repo agreements (repurchase international bonds) worth USD1.3 billion last month.The trade deficit recorded USD31.275 billion during the first 10 months of 2024, an increase of 1% compared to a deficit of USD31.025 billion in the same period last year.United Bank's shares will debut on the EGX tomorrow under the ticker UBEE, following the close of its heavily oversubscribed retail and private offerings that put the company's share price at EGP13.85.ESRS Board of Directors agreed to begin procedures for delisting its shares from the EGX, pending the general assembly's approval. Saudi cable manufacturer Al Mousa Cables is set to establish its first EUR50 million cable production factory in Egypt, according to local media. We updated our FV for EAST to EGP48.11/share, maintaining our Overweight recommendation. EAST is currently trading at FY24/25 P/E of 6.3x and EV/EBITDA of 5.5x.CLHO reported positive 3Q24 results with 3Q24 attributable net profit amounted to EGP207 million, up 45% QoQ and 73% YoY, yielding a NPM of 14.2%. On a YTD basis, 9M24 attributable net profit came in at EGP532 million (+71% YoY) yielding a NPM of 13.9% (+1.61pps YoY). CLHO is currently trading at FY25 multiples of P/E 14.2x and EV/EBITDA of 7.0x.According to AMIC, auto sales increased by 7.3% YoY and 1.1% MoM in October to record 9.6kvehicles up from 9.0k vehicles during October 2023 and 9.5k vehicles in September 2024. Weekly Commodities Update | | Last Price | WoW Change, % | Brent, USD/bbl | 71.1 | -2.5% | Diesel-HSFO Spread, USD/ton | 229.3 | -3.8% | Egypt Urea, USD/ton | 364.0 | 2.8% | Polyethylene, USD/ton | 950.0 | 0.0% | Polypropylene, USD/ton | 960.0 | 0.0% | Iron Ore 65%, USD/ton | 123.6 | -0.2% | Steel/Iron Ore Spreads, USD/ton | 377.1 | -1.0% | LME Aluminum Cash Price, USD/ton | 2,569.8 | -0.3% | LME Copper Cash Price, USD/ton | 9,011.9 | 1.4% | Egyptian Retail Cement, EGP/ton | 2,847.0 | 0.0% | Steam Coal FOB Newcastle Australia, USD/ton | 133.3 | -5.8% | SMP, USD/MT | 2,848.0 | -1.2%
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
German companies are mulling several investments in Egypt, including:A EUR 1 billion direct reduced iron factory.A EUR 30 million flame-resistant material factory.A EUR 5 million first phase of a bicycle parts factory. Auto parts factory in Egypt.China Glass Holding subsidiary CNG Egypt New Energy Glass kicked off construction work on a USD300 million glass factory.The ro-ro shipping line connecting Damietta Port with Italy's Port kicked off operations on Thursday with its first shipment setting sail. Net foreign assets in the Egyptian banking system fell to USD9.2 billion by the end of October, down from USD10.31 billion in September.The Cabinet approved the creation of a desert land development chamber under the Federation of Egyptian Industries. MPs are set to discuss and vote on a draft cash-based subsidies bill today that aims to give cash-based subsidies to citizens under the poverty line without access to social insurance.The CBE sold EGP47.0 billion worth of the bills, surpassing its EGP35.0 billion target, at 30.86%, 0.27% higher than their last auction. Minister of Finance announced that Egypt is set to issue a sovereign sukuk denominated local currency. The issuance is scheduled for the first quarter of 2025.Prime Minister said that the government will not repeat previous mistaken policies of keeping the exchange rate static on the assumption that a fixed rate demonstrates stability. The Supreme Council for Investment is preparing to issue new decisions aimed at empowering the private sector in strategic projects that the government seeks to expand during the coming period. Egypt has reopened fish exports to the EU after a three-year freeze.We maintain our overweight recommendation of EKHO at a downgraded FV of USD1.19/share. Despite the outstanding risks represented in further currency depreciation and downward pressure on global prices or lag in local repricing, EKHO is exerting efforts to withstand such risks. EKHO is currently trading at a FY25f PE of 5.0x and EV/EBITDA of 3.7x.EFIC released 3Q24 consolidated financial results. Net income grew 569% YoY (+49% QoQ) to EGP535 million, bringing 9M24 net income to EGP1.3 billion (+157% YoY). EFIC is currently trading at a 2025f PE of 7.3x and EV/EBITDA of 4.7x.CANA has exited from investments in four entities worth EGP142 million.The total value of the bank's investment portfolio in September 2024 amounted to about EGP2.8 billion, compared to about EGP1.9 billion at the end of 2023.HRHO's commercial bank Bank NXT partnered with global payment solutions firm Mindgate Solutions to launch a new digital platform for corporate clients.CICH and Compass received FRA approval to launch the C3 Capital Fund targeting EGP3 billion. HRHO has finished its role in advising Maarif Education on its takeover of Ibn Khaldoun Education. MNOs are set to launch eSIM cards before the end of 2024.
Art and War goes DOWN UNDAH! Nathan and Phil the camera guy are joined by guest Freedom Visualizations who reveals he's an Aussie. The lads get into firearm ownership in Australia and the many cucked factors that come with it, Nathan makes FV do American accents and makes fun of how Australians say ‘no', and the guys discuss gun culture down under and people's attitudes to firearm ownership. The gang also gets into Australia during the lockdowns, irreverent rambles, how non-US based gun guys can develop a specific kind of firearm knowledge autism when they don't have ready access and much more in this post-Thanksgiving episode, celebrating being thankful for living in the states for those of us that do, and much more! The gang also gets into Australia during the lockdowns, irreverent rambles, how non-US based gun guys can develop a specific kind of firearm knowledge autism when they don't have ready access and much more in this post-Thanksgiving episode, celebrating being thankful for living in the states for those of us that do, and much more! Check out our guest: https://www.instagram.com/freedom.visualizations/ Check out our Patreon here to support what we do and get insider perks! https://www.patreon.com/CBRNArt Check out our sponsors: Two Grunts Inc. - Quality *Ä*Ř* Manufacturer: Use code: CBRN for $50 off your order! https://twogruntsinc.com/ Attorneys for Freedom - Attorneys on Retainer Program, sign up via this link to support the show: https://attorneysonretainer.us/artandwar Use code: ARTANDWAR10 for $10 off an SMU Belt at AWSin.com Check out our link tree for the rest of our stuff! Follow the lads on IG: Nathan / Main Page: https://www.instagram.com/cbrnart/?hl=en B.R: https://www.instagram.com/br.the.anarch Lucas: https://www.instagram.com/heartl1ne/
*Key news articles for today*The government is planning to issue its first EGP-denominated sovereign sukuk in the domestic market in the next fiscal year.The government is planning to localize 50% of all vaccine production by 2030. There will then be efforts to increase this to 75% by 2035 and full self-sufficiency by 2040.The government has allocated a total of EGP10 billion to settle a significant portion of debts owed to pharma and medical supplies companies, to be paid over the next three weeks.Egypt is looking to raise the industrial sector's contribution to the country's total GDP to 20-30% from its current 14%. Also the government is planning to up the local component ratio in the industrial sector to 70-80%, up from no more than 40-50% at the moment.The CBE sold EGP443 million worth of 3-year, fixed-rate, EGP-denominated treasury bonds in Monday's auction at a weighted average yield of 24.1%.The Supreme Committee for Partnership Affairs decided to put forward 12 projects in water treatment, sewage, and electricity networks, to be implemented in partnership with the private sector.The Ministry of Petroleum continues to secure Egypt's needs for natural gas during the summer months by continuing to import LNG via gasification ships to secure the equivalent of 1 bcf per day throughout the summer period.We raised our FV of ORAS to EGP425.00/share (USD8.50/share), up from the previous EGP344.18/share (USD7.38/share), implying an upside potential of 43% while maintaining our Overweight recommendation. Our updated valuation model factors in the preliminary estimate of impact of the development of the mega project, Ras El-Hekma, rolling over the model and updating our macro assumptions, and assuming a 50% of the estimated maximum claim of USD311 million that could be imposed on ORAS in Sidra's arbitration case. ORAS is currently trading at FY25e PE of 5.1x. ESRS stated that the transformer of meltshop No. 2 of Ezz Flat Steel Company (EFS), Suez, a subsidiary, suffered a major malfunction. The repair period is expected to extend for approximately 9 months. This should have a negative impact on ESRS where its production levels will return back to pre-2023 levels to around 5.4 million tons of finished products, down from the current 7.0 million tons. Negotiations should be taking place with the insurance company regarding the amount of compensation. We expect FY25 revenue and bottom line to drop by 10-12% below our estimates for the year as a result of the meltshop suspension.SVCE reported 9M24 losses amounting to EGP237.5 million, compared to 9M23 net loss of EGP63.1 million, despite an 86% YoY spike in revenue to EGP1.1 billion.United Bank retail placement is set to begin later today and run until 3 December. EFIH and Africa-focused digital solutions company Cassava Technologies signed an agreement that will see the two firms identify areas for collaboration and joint expansion in Egypt and Africa.MFPC targets finalizing two green hydrogen projects and expanding the company's capacity of urea in 2027 with total investments worth USD400 million. Flydubai will start offering daily direct flights between Dubai International Airport and Alamein International Airport starting next summer. The route will operate between 21 June and 7 September.Hotels in Luxor raised prices by 33-50% y/y in November 2024. Occupancy rate in Luxor in November 2024 increased to 80% from 65% in November 2023.Al Mansour Automotive is partnering with China's state-owned SAIC and another unnamed partner to establish a factory for assembling both traditional and electric cars for SAIC-owned brand MG in Egypt. The factory is expected to begin production within the next two years.
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.
United Bank will kick off its planned offering on the EGX today. The total offering could see the bank raise up to EGP5.1 bn by floating an equivalent to a 30% stake.The number of tourists visiting Egypt increased during Jan - November 2024 by 4% compared to the same period last year.Egypt's imports of fuel shipments increased to more than USD12.5 billion during 10M2025, compared to USD10.5 billion in the same period last year.EGAS is negotiating long-term agreements to import LNG, moving away from reliance on global tenders. The move aims to secure gas supplies and protect Egypt from fluctuating spot market prices. Tenders will remain in use, but only for limited imports.IFC wants to collaborate with the government on mining materials it thinks will aid local manufacturing. The government wants to replace 250k gasoline-fired car engines to ones that run on natural gas. The government will soon start converting its own fleet of vehicles to run on natural gas.Al Dahra Egypt, a subsidiary of Emirati agribusiness Al Dahra, is planning on investing some USD 200 mn to add between 80k-90k feddans to its land portfolio over the next five years.Abu Dhabi Tourism Investments Company, owned by the Abu Dhabi Fund for Development, is pumping new investments worth USD100 million to establish the Sofitel Legend Pyramids Hotel.The House also greenlit a EUR 1.8 mn grant agreement to support people with disabilities, with Italy set to provide EUR 1.65 mn and the Social Solidarity Ministry providing EUR 181k.We updated our FV for POUL to EGP21.29/share and maintain Overweight recommendation. The updated FV factors in:1. Adjusting revenues to new market prices.2. Normalized margins to average at 21.3% through the forecast period. 3. Strong cash position.4. New macro assumptions.POUL is currently trading at 2025f P/E of 3.3x.OIH is set to acquire Misr for Entertainment Investments with its non-executive expert directors and independent directors approving the acquisition in principle.Credit rating agency Fitch Ratings has upgraded the credit ratings of four major Egyptian banks. The agency upgraded the ratings of the National Bank of Egypt, Banque Misr, COMI, and Banque du Caire to B from B- with a stable outlook.Al Marakby Steel to invest EGP1.5 billion in the coming five years within the company's expansion plan and establishing a solar power station. Three Chinese companies had injected USD400 million of investments in the sanitary ware sector during the last few months.Kempston, specializing in the production of SPC flooring, to launch the first phase of its new factory in Ain Sokhna in 1Q25 with a capacity of 1 million sqm per year. The second phase is planned to be operational by the end of 2025 doubling the capacity to 2 million sqm a year. Chinese state-owned auto manufacturer FAW Group is re-entering the Egyptian market in 1Q25 under a partnership with an unnamed new agent.Chery International subsidiaries Omoda and Jaecoo are in talks to enter the Egyptian market through a partnership with an unnamed local agent.
Hassan Allam Holding inked a memorandum of understanding with Abu Dhabi wealth fund ADQ portfolio company and Ras El Hekma project master developer Modon Holding, in an agreement to cooperate on projects in the “infrastructure, energy, and water and wastewater treatment, and special building” sectors, the companies said in a joint statement. The CBE payment platform Instapay will start accepting Egypt-bound remittances from Gulf nations before within two months, the bank's deputy assistant governor for payment systems and services said. For the time being, transfers will be received in EGP, but opening this up to AED and SAR is being studied. The Oil Ministry is in talks with suppliers to postpone LNG shipments from 4Q 2024 to 1Q 2025, a government source said. The shipments are part of the 20 cargoes of LNG that the government bought for USD 907 mn to cover domestic needs between October and December.The Readymade Garments Export Council is negotiating with foreign companies from China, Turkey, and Vietnam to establish factories in Egypt, some of which are based on the localization of imported industries. We raise our FV of SWDY to EGP75.00/share, up from the previous EGP45.69/share, yet we maintain our Equalweight recommendation given the recent price rally in the stock price. SWDY is trading at FY25e P/E of 10.2x and EV/EBITDA of 5.0x. DOMT reported 3Q24 results, showing a net profit of EGP166.9 million (+63.5% YoY, 90.2% QoQ), with NPM of 6.6% (+1.5pps, +2.3pps QoQ). DOMT is currently trading at 2025f P/E of 13.3x and EV/EBITDA of 7.7xNTRA has given its preliminary approval to MNOs to increase prices of telecom services (phone calls and internet services) in Egypt.Following HELI's Board approval in August to start procedures to acquire a 770 feddan land plot in Capital Gardens, HELI disclosed that the land plot area is 766 feddans worth EGP12.6 billion, 10% of which has been paid and the rest of which will be paid over six years.Al Ahly Sabbour is looking to list around 20-25% of its shares on the EGX.The indicative price range for the United Bank IPO, set between EGP 12.70 and EGP 15.60 per share, suggests significant upside potential within the sector, valuing the bank between EGP 13.97 billion and EGP 17.16 billion. This pricing translates to a projected 2025 P/B of 0.8x to 1.0x and a P/E of 4.7x to 5.8x. In contrast, the sector averages for 2025 stand at 0.8x P/B and 2.9x P/E, highlighting a notable discrepancy. HRHO announced that its private equity arm has launched a USD 300 million Saudi Education Fund (“SEF”) with the target of building an institutional world-class K-12 operator in the Kingdom of Saudi Arabia. BTFH is continuing to reap the benefits of its growth strategy during 9M24, with consolidated operating revenues increasing at 404% y/y to record EGP4.8 billion, while net profit exceeded EGP1.13 billion, up from 86 million pounds during the same period of the previous year. CNFN launches a new project in Zayed City with investments amounting to EGP1.5 billion.State-owned El Nasr Automotive and the privately held Al Safy Group have set up a joint venture, dubbed SN Automotive, to assemble global car brands locally to sell in Egypt and export to other North African nations. Egypt's car imports witnessed a significant decline of more than 28% in August 2024, amounting to USD156.09 million, compared to approximately USD217.09 million during the same month last year.
Cabinet spokesperson named banking, airports, pharma, plastics, glass, and petrochemicals as among the sectors where we will see stakes in state-owned entities offered up by the end of June. In addition, there are another 15 stake offerings in the pipeline after the current fiscal year. The Private Sector Partnership Unit in the Ministry of Finance intends to launch six projects through PPP, during 1Q25.The government decided to transfer a number of renewable energy projects that will produce green hydrogen from areas in the east and west of the Nile to three new sites near the Suez Canal Economic Zone, for cost-related reasons.The British company United Oil and Gas announced the completion of the legal procedures related to its exit from the 22% stake in Abu Sinan concession in Egypt.The Ministry of Communications aims to reach USD9 billion in outsourcing industry exports by the end of 2026, up from USD3.7 billion currently.The Tax Authority has canceled the imposition of VAT on services provided by commercial agents and legal representatives of foreign companies and branches of foreign companies operating in Egypt, such as marketing and promotion.MPs are back in the House again today to resume discussions over draft laws that pertain to refugees, the newly amended Criminal Procedures Law, and urban development plans.TMGH (FV: EGP75.00, OW) achieved strong 3Q24 results. Net profit in 3Q24 increased 118.9% y/y and 64.1% q/q to EGP2.5 billion, taking 9M24 net profit up 136.5% y/y to EGP6.3 billion. PHDC (FV: EGP8.78, OW) achieved stellar 3Q24 results. Net profit in 3Q24 reached EGP648.9 million, up 47.0% y/y and down 7.5% q/q, taking 9M24 net profit up 124.2% y/y to EGP2.4 billion.EMFD's net profit in 3Q24 increased 80.0% y/y and 41.0% q/q to EGP2.7 billion, bringing 9M24 net profit up 107.4% y/y to EGP10.3 billion.EMFD's Board approved the IFA report valuing EMFD at EGP10.71/share and Albro North Coast for Developments at EGP14.55/share, with an equity swap ratio of 1.359 shares in the increased capital of EMFD for each share in the capital of Albro North Coast for Developments. This will result in a total issuance of 917.6 million shares in the increased capital of EMFD in exchange for acquiring 675.0 million shares in the capital of Albro North Coast for Developments.We upgraded our FV for JUFO to EGP52.53/share, reiterating our Overweight recommendation. JUFO is currently trading at 2025f P/E of 8.9x and EV/EBITDA of 5.7x.ORWE reported 3Q24 financial results. Net profit of EGP701 million (+8.0% YoY, -23.4% QoQ). This brought 9M24 bottom line to EGP2,173 million (+57.2% YoY). ORWE is currently trading at 2025f P/E of 5.8x and EV/EBITDA of 5.3x.EKHO released 3Q24 consolidated financial results. Net profit dropped 5% YoY (+24% QoQ) to USD34 million. In 9M24, net profit declined 9% YoY to USD124 million EKHO is currently trading on 2025f PE of 7.2x and EV/EBITDA of 3.9x. CNFN's 3Q24 consolidated bottom line expanded to EGP235 million (+24% y/y, +79% q/q). 9M24 net profit recorded EGP410 million (-6%y/y). ValU raised EGP667.3 million in a securitized bond issuance.MNT Halan is considering listing on the EGX in 12-24 months.ARCC's Board proposed a cash dividend distribution of EGP1.585/share for FY23, pending general assembly approval. This implies a payout ratio of 86% and a dividend yield of 11%.RAYA recorded net profit of EGP1.3 billion in 9M24 (+160% YoY). RAYA has tapped Attijariwafa Bank as its financial advisor and Baker McKenzie as its legal counsel for the transaction that will see Africa-focused and London-based PE outfit Helios Investment Partners acquire 49% of subsidiary Raya Foods.Weekly Commodities Update
The CBE's MPC is scheduled to meet on Thursday, 21 November. The IMF mission that is in Cairo is set to complete the fourth review of Egypt's USD8 billion loan program this week.Egypt's unemployment rate rose to 6.7% of the total workforce in the third quarter of 2024, up 0.2 percentage points from the previous quarter.The Madbouly government on Thursday inked two MoUs with local and international energy players (Taqa Arabia and Voltalia consortium and UAE Alcazar) that could see them develop projects producing some 5.2 GW of renewable energy under a build-own-operate (BOO) system.Suez Canal revenues have reportedly dropped by 61% YoY in 9M24.The Cabinet approved amendments to the Unified Budget Act, setting an annual debt ceiling for the government and all 59 of its economic bodies. The Cabinet approved a new mechanism to ensure all entities responsible for customs clearance work seven days a week, including bank branches at ports. Egypt is now a member of the Baku Initiative for Climate Finance, Investment, and Trade unveiled at COP29. The National Industrial Strategy aims to boost the industrial sector's contribution to the country's GDP from to 20% by 2030 from 14% currently.The net foreign assets of the CBE increased by about USD168.5 million in October, reaching c.USD10.625 billion.Dana Gas is waiting for the Egyptian government to pay USD24 million of its dues.The cost of the export burden rebate program implemented during March 2024 through June 2025 is estimated at EGP23 billion, We raised our FV of LCSW from EGP30.08/share to EGP37.00/share and maintain our Overweight recommendation for the stock.SWDY reported 3Q24 consolidated results. Attributable earnings surged to EGP4.8 billion (+92%, +8% QoQ). MCQE reported enhanced financial performance in 3Q24. Attributable bottom line came in at EGP21.7 million in 3Q24 bouncing back from a recorded loss of EGP1.1 million in the previous quarter and a loss of EGP29.6 million in 3Q24.SWDY's Board approved guaranteeing and warranting Elsewedy Electric Power Systems Projects a facility contract of USD329.3 million.FWRY reported record 3Q24 results. Net profit came in at EGP478 million (+135% YoY, +48.5% QoQ). NTRA has issued licenses for seven firms to establish and operate call centers using voice over internet protocol and other tools. GBCO released 3Q24 results. Net profit recorded EGP746 million in 3Q24 (+12.6% YoY, +76.8% QoQ). State-owned El Nasr Automotive has officially restarted operations after a 15-year hiatus.JUFO reported 3Q24 financial results. Net profit recorded EGP958 million in 3Q24 (+197.2% YoY, -4.3% QoQ).POUL reported 3Q24 financial results. Bottom line recorded EGP681.8 million in 3Q24 (+88.2% YoY, +18.9% QoQ).HDBK 3Q24 standalone bottom line came in strong at EGP3,113 million (+14% q/q, +122% y/y). HDBK is currently trading at 2025 P/E of 2.8x and P/B of 0.8x. EXPA 3Q24 bottom line post minority interest recorded EGP1,564 million (+21% q/q, +53% y/y). CANA 3Q24 bottom line recorded a strong EGP1,314 million (+10% q/q, +80% y/y), BINV's bottom line in 3Q24 recorded a solid EGP342 million (+6.2% q/q, +423% y/y), bringing 9M24 net profit to EGP1.6 billion (+160 % y/y). United Bank is studying the acquisition of a bank in the local market.TAQA and Italian renewable energy developer Voltalia signed a non-binding Memorandum of Understanding (MoU) with EETC and NREA to study a 3.2 gigawatt (GW) capacity wind/solar power plant in Suez.RMDA reported positive 3Q24 results. Net profit amounted to EGP120 million, up 89.7% QoQ and 54.5% YoY.
¡A despertarse! Andersson Boscán, Moni Velásquez y Dome Vivanco analizan la reciente decisión de la Asamblea de condenar las acciones de la Ministra del Trabajo. Además, contaremos con entrevistas exclusivas con Hugo Espín, abogado de la viuda de FV, y Ricardo Vanegas, candidato a asambleísta por Centro Democrático.
A member of the IMF mission in Cairo said to local media that the mission did not discuss with the Egyptian government an extension of economic reforms schedule, during the fourth review. Adding that the mission did not decide anything regarding postponing some reforms.Remittances from Egyptians working abroad increased 65.6% y-o-y in August to hit USD 2.6 bn.Egypt reduced its imports of liquefied gas through the gasification complex at the port of Ain Sokhna, by about one third to 500 million cubic feet per day.The country's sole agent for China's Jinbei, Jinbei Royal Egypt, has landed an agreement to assemble their models in Egypt starting early 2025, Chairman Khaled Saad said. Prime Minister Moustafa Madbouly chaired the second meeting of the Entrepreneurship Ministerial Committee, to discuss ways to boost the startup landscape in the country. The CBE has accepted bids worth USD1.6 bn in USD-denominated, one-year t-bills, with an average yield of 4.5%. The World Bank decided to disburse a new tranche to the Social Housing and Mortgage Finance Fund amounting to USD170 million, as part of a total financing amounting to USD1 bn, the Ministry of Housing reported. The American “Apache” Petroleum Company spent USD388 million on exploration in Egypt during the first 9 months of this year, expanding its operations after signing an agreement to stimulate production, but still less than the USD405 million spent during the same period last year.We raised our ORHD FV from EGP26.26/share to EGP34.74/share mainly as a result of inputting the USD225/sqm land price at which ORHD had sold the 145k sqm land plot in El Gouna in 2Q24.We maintain our Overweight recommendation of ORHD based on our FV of EGP34.74/share and reiterate ORHD as one of our top picks. ORHD sold a 110k sqm land plot in El Gouna to Hassan Allam Properties for USD37.4 million, implying a land price of USD340/sqm. MASR achieved a net profit in 3Q24 increased 39.8% y/y and 285.4% q/q to EGP1.1 billion. We raised our MASR FV from EGP5.24/share to EGP8.11/share and maintain our Overweight recommendation for the stock. EFIH Net attributable profit recorded EGP631 million (+47% YoY, +110% QoQ), implying a NPM of 54.4% (+12.7pps YoY, +27.9pps QoQ) in 3Q24. During 9M24, net attributable profit stood at EGP1.39 billion (+21.5% YoY), implying a NPM 40.5%. EFIH is currently trading at 2025f P/E of 23.2x and EV/EBITDA of 17.6x.ETEL and Vodafone Egypt have signed several landmark service agreements for infrastructure services. These agreements aim to develop Vodafone Egypt's networks and support its preparations for the rollout of 5G services. The combined total value of these commercial agreements amounts to around EGP30 billion, to be disbursed over the duration of the agreements, which have varying maturities up to 2034.Qatar Energy has inked an agreement with US oil and gas giant Chevron to acquire a 23% operational stake in the Mediterranean's North El Dabaa Block, according to a company statement. Germany's 2G Energy is in talks with five Egyptian companies to set up green hydrogen, biogas, and combined heat and power (CHP) projects locally.TAQA posted 16.4% YoY growth in 9M24 consolidated net profit to record EGP424.87 million. Revenues increased 34.3% ti EGP13.13 billion.CBE-owned United Bank has set an indicative price range of EGP 12.70-15.60 per share for its upcoming IPO on the EGX, potentially rasing between EGP 4.2-5.1 bn. This values the bank at up to EGP 17.2 bn. Which translates into implied multiples of P/B25 of 1.0x and P/E25 of 5.8x. Egypt's Competition Authority approved a filing by Tanmiya Capital Ventures (TCV) to acquire a 20.9% stake in El Abd for Investment, Manufacturing, and Sweet Trading.
How to use Canon's Fv mode, a new feature that blend manual control with convenience of auto. Transcript available here: NYC Photo Safari
IMF's Managing Director Kristalina Georgieva kicked off talks with Egyptian officials, including Prime Minister Moustafa Madbouly and CBE governor Hassan Abdalla yesterday after landing in Egypt. The USD rose more than 0.4% against the EGP on Thursday to reach EGP48.94 to the greenback, marking its highest level since August.Budget deficit narrowed to 2.12% of the country's GDP in 1Q 2024-2025, recording EGP361.8 bn, compared to an EGP455.8 bn deficit during the same period last year. This was driven by an increase in revenues, mainly from the taxpayers. Government spending increased by 4.7% YoY, standing at EGP827.7 bn, while interest payments dipped 5.4% YoY, at around EGP452 bn.Fitch Ratings upgraded Egypt's credit rating from ‘B-' to ‘B' with a stable outlook for the first time since 2019, citing FX inflows from the USD35 bn Ras El Hekma agreement, our expanded USD8 bn IMF program, and the EU's EUR7.4 bn aid package, alongside greater confidence in the durability of our structural reforms.The IMF expects constraints on Egypt's growth to ease as regional tensions subside and structural reforms are implemented. The Fund noted that “an assumed easing of the conflict in Gaza and Israel next year and steady implementation of reforms are projected to help lift growth in Egypt to 4.1% in 2025 and above 5% over the medium term.”Net foreign asset surplus in the Egyptian banking system rose 6% to record USD10.31 bn in September, up from USD9.7 bn in August.The House will discuss and vote on amendments to the law regulating the tax dispute settlement on Tuesday, which will see the deadline for settlements pushed to 30 June 2025. Egypt is aiming for 120 GW of total electrical capacity by 2040, with 60% set to come from renewable sources.A consortium of China State Construction Engineering Corporation (CSCEC) subsidiary Umi Group and IGI Holding have signed an MoU with the New Urban Communities Authority to manage and operate the Central Business District in the New Administrative Capital.We update our FV on ISPH to EGP9.50/share, up from EGP4.12/share maintaining our overweight recommendation; factoring in the upward revision for prices, increased market share, updating our macro assumptions, and rolling over the model for an additional year. ISPH is currently trading at 2025 multiples of P/E of 8.8x and EV/EBITDA of 1.8x.EFIC released 3Q24 unaudited standalone results. Net profit increased by 722% YoY (+6% QoQ) to EGP265.2 million, bringing 9M24 net profit to EGP586.7 million, a 150% YoY.SKPC sent a release announcing that the Council of Ministers has approved the establishment of a project to produce sodium cyanide as free zone project for Draschem Company, which is a partnership between the Austrian Holding Company for Petrochemicals and the Czech Company “Draslovka”. A lease agreement has been signed between them and SKPC for a plot of land to establish the project. Currently, SKPC is considering a 15% partnership in Draschem.EKHO sent a release in reference to the news published regarding the company's withdrawal from Al Mohandes Insurance Company, EKHO announced that this news is entirely false and there are no negotiations with any party regarding this matter. Egypt has welcomed the first oil tanker as part of an MoU inked with the Emirate of Fujairah earlier this year.The finance and tourism ministries have officially launched a new EGP50 bn subsidized loan program for the tourism sector. The initiative will offer financing at 12% interest, with a focus on key tourist destinations in Luxor, Aswan, Greater Cairo, the Red Sea, and South Sinai governorates.
A young youth pastor asked "Could you explain the secret of FV?" Truthful, there was no secret---we preached the Word and told it straight as God's Word says it! Today an explaination of the program at FV
We are joined this week by Shannon Breen, CEO of FreightVana. We begin the episode walking through Shannon's story, as he explains his early entrepreneurial spirit, from aspiring franchise owner to real estate, before finding his way into logistics with industry giant, Knight Transportation. We talk through lessons he gleaned from his first freight years, including the experience of navigating the Knight-Swift merger.Shannon would eventually scratch his entrepreneurial itch with the founding of FreightVana (FV) in 2021. FV's approach to the market has been rather unique, from the intentional and aggressive social media presence, to the significant investment in leasing their own trailers to develop a power only network, Shannon's team has worked to stand out from Day 1. We get into the details of how any logistics organization can stand out as we discuss the art of making business proposals unforgettable, a result of meticulous preparation in advance of a pitch. Shannon's insights emphasize the power of genuine effort and exceptional customer service in an industry where margins are tight, and competition is fierce.Leasing trailers as a broker is a newer concept, and certainly not one many companies have done at scale. FV's approach here is rather unique, and this is the most in depth conversation we've had on the show about the benefits and challenges of such an approach. In the end, it can generate a lot more opportunities with customers, but at the same time, carriers more cost for the broker to navigate. Ultimately, building the right network will drive a broker's ability to succeed on the path FV is taking. Shannon is a super easy guy to talk to and someone that has developed tremendous insight that our entire industry can learn from. I hope you enjoy the episode.***Episode brought to you by Rapido Solutions Group. I had the pleasure of working with Danny Frisco and Roberto Icaza at Coyote, as well as being a client of theirs more recently at MoLo. Their team does a great job supplying nearshore talent to brokers, carriers, and technology providers to handle any role necessary, be it customer or carrier support, back office, or tech services.***
In this very special episode, host Shawna Potter chats with her former bandmates from the late 90s/early 00s Nashville indie band, Fair Verona. An old, unlabeled mp3 of the FV song “The Downfall of a Well-Known Actress” found its way onto the Lostwave message boards and with some great detective work, this online community found where the song came from and were pleasantly surprised to find out we're all still playing music. This conversation dives deep into the origins of the band with Beth Cameron and Leah Bergman, and Lostwave member, Tom Stratten, asks questions and gives context. Listen to find out what Lostwave is, how often do these mp3 mysteries get solved, the weird times of 90s indie cred vs selling out, the lack of fellow girls that played guitar (even in Nashville), harassing Mary Timony, and what the hell is “The Downfall of a Well-Known Actress” about anyway? SHOW LINKS: Fair Verona: https://fairverona.bandcamp.com/album/the-last-recordings Turned Out A Punk w/Shawna Potter - https://podcasts.apple.com/us/podcast/episode-184-shawna-potter-war-on-women-avec-fair-verona/id940288964?i=1000419596110 Lucy's Record Shop (the podcast) - https://www.lucysrecordshop.com/ Self - https://en.wikipedia.org/wiki/Subliminal_Plastic_Motives Helium - https://en.wikipedia.org/wiki/Helium_(band) Shipping News - https://shippingnews.bandcamp.com/track/claws AVEC (Shawna's band after FV, before War On Women) - https://www.discogs.com/release/2771380-Avec-If-I-Breathe-I-Fall-Asleep Forget Cassettes (Beth) - http://www.forgetcassettes.com/ Black Bra (Beth) - https://blackbramusic.com/ Leah's Pixies cover band - Is She Weird, Is She White Baltimore Afrobeat Society (Fela Kuti cover band Shawna was in) - https://www.facebook.com/baltimoreafrobeatsociety Find my Mind - discord server - https://www.reddit.com/r/Lostwave/comments/ol3f2c/fond_my_mind_discord_server/ SHAWNA'S LINKS: shawnapotter.com Making Spaces Safer: https://www.akpress.org/making-spaces-safer-book.html https://www.youtube.com/@shawnapotter https://www.cameo.com/shawnapotterwow linktr.ee/waronwomen You can support this podcast by liking my youtube channel, and sharing, subscribing, and reviewing But Her Lyrics... wherever you get your podcasts - it's free and it helps. To find episode transcripts, or to find out more about what I do, my book, my trainings, my patreon, request me on Cameo, etc, head to shawnapotter.com To learn about all things WOW, head to linktr.ee/waronwomen --- Support this podcast: https://podcasters.spotify.com/pod/show/shawnapotter/support
Eno and DVR discuss Paul Skenes' latest dominant performance -- seven no-hit innings against the Brewers on Thursday -- and the balance of preserving his workload to make him available if the Pirates remain in playoff contention through September. Plus, a setback for Jordan Lawlar, charges filed against Wander Franco in the Dominican Republic, mailbag questions about Gerrit Cole and Luis Castillo, and a few players to consider this weekend in weekly formats. Rundown1:01 Paul Skenes Carries A No-Hitter Through Seven10:01 A Setback for Jordan Lawlar17:14 Steven Kwan & The 'Lucky' Power HitterEno's Story ($) https://www.nytimes.com/athletic/563216221:56 Wander Franco Charged in Dominican Republic23:50 Thoughts on Gerrit Cole Through Four 2024 Starts?31:14 Buying Into Big Second Half for Josh Lowe?36:56 What Is Going On With Luis Castillo's Slider?41:59 Curating Your Own "What Happened?" Data50:55 Project Prospect: 50+ FV, 2024 MLB ETAs, Yet to Debut55:47 Weekend Waiver Preview: Matt Wallner & Rece Hinds Bring Power 1:05:32 Pitchers to Consider: Luis L. Ortiz, Keider Montero, Justin Wrobleski, Yilber DiazFollow Eno on Twitter: @enosarrisFollow DVR on Twitter: @DerekVanRipere-mail: ratesandbarrels@gmail.comJoin our Discord: https://discord.gg/FyBa9f3wFeJoin us on Thursdays at 1p ET/10a PT for our livestream episodes!Subscribe to The Athletic: theathletic.com/ratesandbarrelsHost: Derek VanRiper & Eno SarrisExecutive Producer: Derek VanRiper Hosted on Acast. See acast.com/privacy for more information.
Eno and DVR discuss Paul Skenes' latest dominant performance -- seven no-hit innings against the Brewers on Thursday -- and the balance of preserving his workload to make him available if the Pirates remain in playoff contention through September. Plus, a setback for Jordan Lawlar, charges filed against Wander Franco in the Dominican Republic, mailbag questions about Gerrit Cole and Luis Castillo, and a few players to consider this weekend in weekly formats. Rundown 1:01 Paul Skenes Carries A No-Hitter Through Seven 10:01 A Setback for Jordan Lawlar 17:14 Steven Kwan & The 'Lucky' Power Hitter Eno's Story ($) https://www.nytimes.com/athletic/5632162 21:56 Wander Franco Charged in Dominican Republic 23:50 Thoughts on Gerrit Cole Through Four 2024 Starts? 31:14 Buying Into Big Second Half for Josh Lowe? 36:56 What Is Going On With Luis Castillo's Slider? 41:59 Curating Your Own "What Happened?" Data 50:55 Project Prospect: 50+ FV, 2024 MLB ETAs, Yet to Debut 55:47 Weekend Waiver Preview: Matt Wallner & Rece Hinds Bring Power 1:05:32 Pitchers to Consider: Luis L. Ortiz, Keider Montero, Justin Wrobleski, Yilber Diaz Follow Eno on Twitter: @enosarris Follow DVR on Twitter: @DerekVanRiper e-mail: ratesandbarrels@gmail.com Join our Discord: https://discord.gg/FyBa9f3wFe Join us on Thursdays at 1p ET/10a PT for our livestream episodes! Subscribe to The Athletic: theathletic.com/ratesandbarrels Host: Derek VanRiper & Eno Sarris Executive Producer: Derek VanRiper Learn more about your ad choices. Visit megaphone.fm/adchoices
You wouldn't believe that we're recording this the day after the Victims of Crime Commissioner here in Victoria released her report titled ‘Silenced and Sidelined” which was a disturbing report/insight into how victims of crime are treated by the justice system – from their initial report to Police through to their experience in the court system and how we can improve that experience. It was disturbing reading. My guest today Tammy Casselson's story just highlights and confirms what the Victim of Crime Commission found in her report. What REALLY frustrates me is the fact that since 2016 there have been 7 reports into how victims are treated in the justice system and what can be done to improve their experience. With all due respect to Fiona McCormack, the Victims of Crime Commissioner, nothing seems to have changed. We just seem to be going round & round in circles. And Tammy's story is proof of that……………Tammy Casseslon had it all – or so it appeared. A carefree, happy childhood, happy upbringing, meets Mr Handsome, Mr Popular, Mr Nice Guy, Mr Life of the Party who also had a carefree happy childhood & happy upbringing. A happy life, right??!! Tammy & her husband had 2 adorable children and everything just seemed perfect. But behind closed doors Tammy didn't “have it all”. She was frightened. Her husband's behaviour was becoming more unpredictable – his bursts of anger, his yelling, his insults & his threats, not only towards her, but their children.Mr Handsome had become Mr Narcissist, Mr Abusive, Mr Vindictive, Mr Controlling, Mr Demeaning. Like so many other survivors of D&FV, Tammy made excuses for his behaviour, not recognising or understanding the seriousness of his increasingly violent behaviour. It wasn't until an ill-fated attempt at taking his own life and ending up in hospital, Tammy found the courage to leave. That's when she realised his abuse had included financial abuse & discovered their finances were in shatters, non-existent. He'd kept it secret from her that they had nothing – and Tammy and her children were homeless. But homelessness was a safer option than staying. How does a successful, educated professional woman with a background in counselling, psychology, & teaching become homeless?Tammy was dragged through the court system where all the games her husband could have played, he did – along with his legal representatives whom she felt belittled and intimidated by.Tammy's husband eventually did end his life but left a lot of heartache & “what ifs”. ‘What if' they could have tried some type of amicable reconciliation, ‘what if' their children & their father could have mended some of the damaged relationship, ‘what if' he'd sought some help – his death became a senseless void unable to be filled. All because he refused to seek help. Hosted on Acast. See acast.com/privacy for more information.
You wouldn't believe that we're recording this the day after the Victims of Crime Commissioner here in Victoria released her report titled ‘Silenced and Sidelined” which was a disturbing report/insight into how victims of crime are treated by the justice system – from their initial report to Police through to their experience in the court system and how we can improve that experience. It was disturbing reading. My guest today Tammy Casselson's story just highlights and confirms what the Victim of Crime Commission found in her report. What REALLY frustrates me is the fact that since 2016 there have been 7 reports into how victims are treated in the justice system and what can be done to improve their experience. With all due respect to Fiona McCormack, the Victims of Crime Commissioner, nothing seems to have changed. We just seem to be going round & round in circles. And Tammy's story is proof of that……………Tammy Casseslon had it all – or so it appeared. A carefree, happy childhood, happy upbringing, meets Mr Handsome, Mr Popular, Mr Nice Guy, Mr Life of the Party who also had a carefree happy childhood & happy upbringing. A happy life, right??!! Tammy & her husband had 2 adorable children and everything just seemed perfect. But behind closed doors Tammy didn't “have it all”. She was frightened. Her husband's behaviour was becoming more unpredictable – his bursts of anger, his yelling, his insults & his threats, not only towards her, but their children.Mr Handsome had become Mr Narcissist, Mr Abusive, Mr Vindictive, Mr Controlling, Mr Demeaning. Like so many other survivors of D&FV, Tammy made excuses for his behaviour, not recognising or understanding the seriousness of his increasingly violent behaviour. It wasn't until an ill-fated attempt at taking his own life and ending up in hospital, Tammy found the courage to leave. That's when she realised his abuse had included financial abuse & discovered their finances were in shatters, non-existent. He'd kept it secret from her that they had nothing – and Tammy and her children were homeless. But homelessness was a safer option than staying. How does a successful, educated professional woman with a background in counselling, psychology, & teaching become homeless?Tammy was dragged through the court system where all the games her husband could have played, he did – along with his legal representatives whom she felt belittled and intimidated by.Tammy's husband eventually did end his life but left a lot of heartache & “what ifs”. ‘What if' they could have tried some type of amicable reconciliation, ‘what if' their children & their father could have mended some of the damaged relationship, ‘what if' he'd sought some help – his death became a senseless void unable to be filled. All because he refused to seek help. Hosted on Acast. See acast.com/privacy for more information.
You wouldn't believe that we're recording this the day after the Victims of Crime Commissioner here in Victoria released her report titled ‘Silenced & Sidelined” which was a disturbing report/insight into how victims of crime are treated by the justice system – from their initial report to Police through to their experience in the court system & how we can improve that experience. It was disturbing reading. My guest today Tammy Casselson's story just highlights & confirms what the Victim of Crime Commission found in her report. What REALLY frustrates me is the fact that since 2016 there have been 7 reports into how victims are treated in the justice system & what can be done to improve their experience. With all due respect to Fiona McCormack, the Victims of Crime Commissioner, nothing seems to have changed. We just seem to be going round & round in circles. And Tammy's story is proof of that……………Tammy Casseslon had it all – or so it appeared. A carefree, happy childhood, happy upbringing, meets Mr Handsome, Mr Popular, Mr Nice Guy, Mr Life of the Party who also had a carefree happy childhood & happy upbringing. A happy life, right??!! Tammy & her husband had 2 adorable children & everything just seemed perfect. But behind closed doors Tammy didn't “have it all”. She was frightened. Her husband's behaviour was becoming more unpredictable – his bursts of anger, his yelling, his insults & his threats, not only towards her, but their children.Mr Handsome had become Mr Narcissist, Mr Abusive, Mr Vindictive, Mr Controlling, Mr Demeaning. Like so many other survivors of D&FV, Tammy made excuses for his behaviour, not recognising or understanding the seriousness of his increasingly violent behaviour. It wasn't until an ill-fated attempt at taking his own life & ending up in hospital, Tammy found the courage to leave. That's when she realised his abuse had included financial abuse & discovered their finances were in shatters, non-existent. He'd kept it secret from her that they had nothing – & Tammy & her children were homeless. But homelessness was a safer option than staying. How does a successful, educated professional woman with a background in counselling, psychology, & teaching become homeless?Tammy was dragged through the court system where all the games her husband could have played, he did – along with his legal representatives whom she felt belittled & intimidated by.Tammy's husband eventually did end his life but left a lot of heartache & “what ifs”. ‘What if' they could have tried some type of amicable reconciliation, ‘what if' their children & their father could have mended some of the damaged relationship, ‘what if' he'd sought some help – his death became a senseless void unable to be filled. All because he refused to seek help. Hosted on Acast. See acast.com/privacy for more information.
You wouldn't believe that we're recording this the day after the Victims of Crime Commissioner here in Victoria released her report titled ‘Silenced & Sidelined” which was a disturbing report/insight into how victims of crime are treated by the justice system – from their initial report to Police through to their experience in the court system & how we can improve that experience. It was disturbing reading. My guest today Tammy Casselson's story just highlights & confirms what the Victim of Crime Commission found in her report. What REALLY frustrates me is the fact that since 2016 there have been 7 reports into how victims are treated in the justice system & what can be done to improve their experience. With all due respect to Fiona McCormack, the Victims of Crime Commissioner, nothing seems to have changed. We just seem to be going round & round in circles. And Tammy's story is proof of that……………Tammy Casseslon had it all – or so it appeared. A carefree, happy childhood, happy upbringing, meets Mr Handsome, Mr Popular, Mr Nice Guy, Mr Life of the Party who also had a carefree happy childhood & happy upbringing. A happy life, right??!! Tammy & her husband had 2 adorable children & everything just seemed perfect. But behind closed doors Tammy didn't “have it all”. She was frightened. Her husband's behaviour was becoming more unpredictable – his bursts of anger, his yelling, his insults & his threats, not only towards her, but their children.Mr Handsome had become Mr Narcissist, Mr Abusive, Mr Vindictive, Mr Controlling, Mr Demeaning. Like so many other survivors of D&FV, Tammy made excuses for his behaviour, not recognising or understanding the seriousness of his increasingly violent behaviour. It wasn't until an ill-fated attempt at taking his own life & ending up in hospital, Tammy found the courage to leave. That's when she realised his abuse had included financial abuse & discovered their finances were in shatters, non-existent. He'd kept it secret from her that they had nothing – & Tammy & her children were homeless. But homelessness was a safer option than staying. How does a successful, educated professional woman with a background in counselling, psychology, & teaching become homeless?Tammy was dragged through the court system where all the games her husband could have played, he did – along with his legal representatives whom she felt belittled & intimidated by.Tammy's husband eventually did end his life but left a lot of heartache & “what ifs”. ‘What if' they could have tried some type of amicable reconciliation, ‘what if' their children & their father could have mended some of the damaged relationship, ‘what if' he'd sought some help – his death became a senseless void unable to be filled. All because he refused to seek help. Hosted on Acast. See acast.com/privacy for more information.
Nevena Kordo poznamo kot člana skupine Borghesia, kot soustanovitelja in vodjo skupine FV, pa seveda kot režiserja, videasta in večmedijskega umetnika, ki je ključno pripomogel k razvoju videa kot novega medija, razširjenega v 80. letih minulega stoletja. V Slovenski kinoteki je od začetka januarja na sporedu cikel njegovih del, ki avtorjev opus prvič celovito postavlja na ogled, pripravili so ga v zavodu SCCA-Ljubljana in Slovenski kinoteki, spremljajo ga pogovori z avtorjem in predavanja. Korda, sicer univerzitetni diplomirani sociolog, je video začel uporabljati na začetku 80. let prejšnjega stoletja, ko je trg preplavila cenovno ugodna videooprema. Ta je postala dostopna tudi zunaj institucij, kot je televizija. O tem obdobju njegovega ustvarjanja se je z ustvarjalcem pogovarjala Tina Poglajen.
Jon Becker and Liam, with help from Prospect Live's lead prospect analyst, Rhys White, try to wrap their collective heads around the Prospect Promotion Incentive, prospects in general, and OFP vs FV. Becker and Rhys very thinly disguise their hatred of THE ACE Nolan Schanuel.
On episode 156 of Inside the SCCA, we connect with Justin Barker. Justin is the Senior Manager Race Tire Product Development and Quality for Goodyear Racing Tires. He has four Runoffs starts in FV and now he's part of the team that supports SCCA racers for Goodyear at SCCA events. We caught up with him at last year's Runoffs. Partners - A big thank you to our partners who help make Inside the SCCA possible! Race-Keeper is the official in-car video system of Inside the SCCA -- find out more at https://www.race-keeper.com/ Ray Esports is the official sim racing league of the Inside the SCCA podcasts -- from the "Unofficial SCCA eSports Racing Leagues on Tuesday nights - to the weekend warrior leagues on Saturday and Sunday -- Ray Esports is the place to go for SCCA members to racing. What's I like best about the Ray eSports leagues is the racing is much more respectful than the vast majority of eRacing leagues on iRacing. Go to https://rayesportsracing.com/ for all the info you need. Become a patron to support the channel and gain access to exclusive giveaways, Livestream Q&As and more: / racingwirenetwork
Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: Comparing Alignment to other AGI interventions: Extensions and analysis, published by Martín Soto on March 21, 2024 on The AI Alignment Forum. In the last post I presented the basic, bare-bones model, used to assess the Expected Value of different interventions, and especially those related to Cooperative AI (as distinct from value Alignment). Here I briefly discuss important enhancements, and our strategy with regards to all-things-considered estimates. I describe first an easy but meaningful addition to the details of our model (which you can also toy with in Guesstimate). Adding Evidential Cooperation in Large worlds Due to evidential considerations, our decision to forward this or that action might provide evidence about what other civilizations (or sub-groups inside a civilization similar to us) have done. So for example us forwarding a higher aC|V should give us evidence about other civilizations doing the same, and this should alter the AGI landscape. But there's a problem: we have only modelled singletons themselves (AGIs), not their predecessors (civilizations). We have, for example, the fraction FV of AGIs with our values. But what is the fraction cV of civilizations with our values? Should it be higher (due to our values being more easily evolved than trained), or lower (due to our values being an attractor in mind-space)? While a more complicated model could deal directly with these issues by explicitly modelling civilizations (and indeed this is explored in later extensions), for now we can pull a neat trick that gets us most of what we want without enlarging the ontology of the model further, nor the amount of input estimates. Assume for simplicity alignment is approximately as hard for all civilizations (both in cV and cV=1cV), so that they each have pV of aligning their AGI (just like we do). Then, pV of the civilizations in cV will increase FV, by creating an AGI with our values. And the rest 1pV will increase FV. What about cV? pV of them will increase FV. But the misalignment case is trickier, because it might be a few of their misaligned AGIs randomly have our values. Let's assume for simplicity (since FV and cV are usually small enough) that the probability with which a random misaligned (to its creators) AGI has our values is the same fraction that our values have in the universe, after all AGIs have been created: FV.[1] Then, cV(1pV)FV goes to increase FV, and cV(1pV)(1FV) goes to increase (1FV). This all defines a system of equations in which the only unknown is cV, so we can deduce its value! With this estimate, and with some guesses αV and αV for how correlated we are with civilizations with and without our values[2], and again simplistically assuming that the tractabilities of the different interventions are approximately the same for all civilizations, we can compute a good proxy for evidential effects. As an example, to our previous expression for dFC|VdaC|V we will add cVαVdpC|VdaC|V(1pV)+cVαVdpC|VdaC|V(1pV)(1FV) This is because our working on cooperativeness for misalignment provides evidence cV also do (having an effect if their AI is indeed misaligned), but it also provides evidence for cV doing so, which only affects the fraction of cooperative misaligned AIs if their AI is indeed misaligned (to their creators), and additionally it doesn't randomly land on our values. We similarly derive the expressions for all other corrections. Negative evidence In fact, there's a further complication: our taking a marginal action not only gives us evidence for other civilizations taking that action, but also for them not taking the other available actions. To see why this should be the case in our setting, notice the following. If our estimates of the intermediate variables like FV had been "against the baseline of our correlated agents not taking...
It's not all 45 FV when it comes to Toronto Blue Jays prospects. Orelvis Martinez is the closest thing the team has to a potential breakout bat in the minor leagues, a power swinger that has crushed the ball at every level and has shown recently that he is capable of making adjustments at every level to become better and better as he matures as a hitter. Josh Goldberg of theScore joins the show to break down the future and the present for Martinez, with some speculation if he'll be a contributor to the 2024 team or not before long. Hear the profiles for all 40 players at patreon.com/lessthanjays Follow Josh at twitter.com/jgoldberg12 Follow Zubes at twitter.com/thezubes
Faith Ventures welcomes Jennifer Richey, Chief Strategy Officer of Gravity Jack, the first Augmented Reality (AR) company in the USA! Jennifer founded Gravity Jack along with her husband Luke, who was FV's guest on last week's episode. So in this "Part 2" interview, we get to know Jennifer better and her own unique perspective on the Richey's life together running technology companies. Amidst a difficult season in their business, Jennifer and her husband both experienced a spiritual awakening and revitalization of the Holy Spirit, and the result was a newfound joy, peace, and contentment in their faith and family life. They leaned into their relationship with God, prayed together fervently, and shifted their perspective on life and work. Jennifer highlights the importance of authentically living out one's faith in the workplace, understanding our work as an analog to ministry that impacts not only your own life but also those around you. We delve into the significance of personal interactions in the hiring process and how caring attitudes can impact the workplace environment. And of course, we explore the idea and technology behind Gravity Jack's innovative game that has the potential to help people all across the world and even introduce people to the Gospel.
Faith Ventures welcomes Luke Richey, the Chief Visionary Officer of Gravity Jack, the first Augmented Reality (AR) company in the US. Luke has been deeply involved in the world of technology for many years, from coding at a young age, to running teams of coders, to founding and exiting multiple companies. He shares his fascinating journey, from meeting his wife Jennifer and starting their first company together to the pivotal moment when he discovered the potential of AR. (Also, Jennifer will be our guest in next week's FV episode!) Luke believes that Christians have an important role to play in shaping all kinds of technological advancements, including the long-term impact of AR. Luke introduces his vision of using AR and Artificial Intelligence (AI) to translate the Gospel into unreached languages, creating a game that combines entertainment and financial transactions to fund language translation initiatives. This bold approach has the potential to uplift those in poverty, provide income opportunities, and spread the Gospel to unreached populations. As Luke shares insights on how we can take ownership of various spaces, like the internet, for the glory of God, we are reminded as well that God can take all of our experiences, struggles, successes, and failures and make something of them: nothing is wasted.
[English description below]Tập mới của podcast Vietnam Innovators sẽ mang đến cuộc trò chuyện đầy thú vị với khách mời Janice Trinh, Vice President của Quadria Capital. Quadria Capital là một quỹ đầu tư hàng đầu tập trung vào lĩnh vực y tế và chăm sóc sức khỏe tại châu Á. Tại Việt Nam, quỹ đã từng rót vốn vào bệnh viện FV và hiện nay là chuỗi bán lẻ Con Cưng,…Theo dự đoán, năm 2027 thị trường y tế tại Việt Nam sẽ đạt giá trị lên đến 25 tỷ đô và ngành y tế tư nhân có tiềm năng tăng trưởng 12%. Đây là một tín hiệu cho thấy tiềm năng của thị trường hơn 100 triệu dân. Tuy vậy, vẫn có rào cản thu hút vốn đầu tư, chẳng hạn như thiếu nhân tài quản trị hay dịch vụ chưa được quản lý chuyên nghiệp.Tại podcast Vietnam Innovators, Janice Trinh sẽ chia sẻ kiến thức và thông tin quý báu về cách Quadria Capital đang định hình và thúc đẩy sự phát triển trong lĩnh vực này. Cùng lắng nghe nhé!Xem phiên bản video trên YouTubeNếu có bất cứ góp ý, phản hồi hay mong muốn hợp tác, bạn có thể gửi email về địa chỉ team@vietcetera.com---The latest episode of the Vietnam Innovators podcast showcases a compelling conversation with guest Janice Trinh, Vice President of Quadria Capital. Quadria Capital is a leading investment firm specializing in the healthcare and wellness sector in Asia. In Vietnam, the firm has previously invested in FV Hospitals and currently operates the Con Cưng retail chain.According to projections, by 2027, the healthcare market in Vietnam is expected to reach a value of $25 billion, with the private healthcare sector poised for a 12% growth. This signals the immense potential of a market with over 100 million people. However, there are still barriers to attracting investment, such as a shortage of skilled management talent and the need for more professionally managed services.On the Vietnam Innovators podcast, Janice Trinh will share valuable insights into how Quadria Capital is shaping and driving the development of this industry. Tune in to gain valuable knowledge and information!Listen to this episode on YouTube Feel free to leave any questions or invitations for business cooperation at team@vietcetera.com
On today's show, we're diving into ESPN MLB Insider Kiley McDaniel's new Top 50 MLB Prospects board that dropped on Wednesday morning!Kylie did us a solid and removed guys likely to graduate soon, as well as adding this summer's MLB Draft eligibles to where they'd come in on the board after the draft. There's NO ONE in the 65 FV tier, with only 16 players in the 60 FV tier. Is SS Marcelo Mayer (BOS) really a top three prospect? How wild is it that C Ethan Salas (SDP) is at 28?We then look at guys who improved their valuations a full grade up to 50 FV, specifically pitchers Ben Brown (CHC) and Andrew Abbott (CIN) - which of these guys got artificially juiced by the AA Southern League tacky baseball?We close the show with those five MLB Draft prospects that would be in the Top 50, and where they land in the rankings.Join the NEW Locked On MLB Prospects Discord: https://discord.gg/36s3eRXGUQFind and follow LockedOn MLB Prospects on your favorite podcast platforms:Apple Podcasts: https://podcasts.apple.com/us/podcast/locked-on-mlb-prospects/id1525225214Spotify: https://open.spotify.com/show/2wzJIf26tGgVbB7rsoKyLDStitcher: https://www.stitcher.com/show/locked-on-mlb-prospectsFollow along with LockedOn MLB Prospects host Lindsay Crosby as we follow 120+ affiliated teams throughout the 2023 season! From prospect call-ups to impactful trades to the ever evolving battle for minor league living and working conditions, Lindsay is covering it all on five days a week. Available exclusively on the Locked On Podcast Network. Follow the show on twitter @LockedOnFarm and email your Mailbag Monday questions to LockedOnMLBProspects@gmail.comFollow Lindsay for up to the minute details on all things Minor League Baseball:On Twitter: https://twitter.com/CrosbyBaseballSupport Us By Supporting Our Sponsors!RocketMoneyStop throwing your money away. Cancel unwanted subscriptions -- and manage your expenses the easy way -- by going to RocketMoney.com/lockedonmlb. BirddogsToday's episode is brought to you by Birddogs. Go to birddogs.com/lockedonmlb and when you enter promo code, LOCKEDONMLB, they'll throw in a free custom birddogs Yeti-style tumbler with every order.SorareHead to sorare.com/lockedon to draft your free team of player cards, set your lineup, and start competing today to win epic rewards.eBay MotorsFor parts that fit, head to eBay Motors and look for the green check. Stay in the game with eBay Guaranteed Fit. eBay Motors dot com. Let's ride. eBay Guaranteed Fit only available to US customers. Eligible items only. Exclusions apply.GametimeDownload the Gametime app, create an account, and use code LOCKEDONMLB for $20 off your first purchase.Built BarBuilt Bar is a protein bar that tastes like a candy bar. Go to builtbar.com and use promo code “LOCKEDON15,” and you'll get 15% off your next order.FanDuelMake Every Moment More. Don't miss the chance to get your No Sweat First Bet up to ONE THOUSAND DOLLARS in Bonus Bets when you go FanDuel.com/LOCKEDON.FANDUEL DISCLAIMER: 21+ in select states. First online real money wager only. Bonus issued as nonwithdrawable free bets that expires in 14 days. Restrictions apply. See terms at sportsbook.fanduel.com. Gambling Problem? Call 1-800-GAMBLER or visit FanDuel.com/RG (CO, IA, MD, MI, NJ, PA, IL, VA, WV), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 (WY, KS) or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), 1-877-8-HOPENY or text HOPENY (467369) (NY), TN REDLINE 1-800-889-9789 (TN) Learn more about your ad choices. Visit podcastchoices.com/adchoices
On today's show, we're diving into ESPN MLB Insider Kiley McDaniel's new Top 50 MLB Prospects board that dropped on Wednesday morning! Kylie did us a solid and removed guys likely to graduate soon, as well as adding this summer's MLB Draft eligibles to where they'd come in on the board after the draft. There's NO ONE in the 65 FV tier, with only 16 players in the 60 FV tier. Is SS Marcelo Mayer (BOS) really a top three prospect? How wild is it that C Ethan Salas (SDP) is at 28? We then look at guys who improved their valuations a full grade up to 50 FV, specifically pitchers Ben Brown (CHC) and Andrew Abbott (CIN) - which of these guys got artificially juiced by the AA Southern League tacky baseball? We close the show with those five MLB Draft prospects that would be in the Top 50, and where they land in the rankings. Join the NEW Locked On MLB Prospects Discord: https://discord.gg/36s3eRXGUQ Find and follow LockedOn MLB Prospects on your favorite podcast platforms: Apple Podcasts: https://podcasts.apple.com/us/podcast/locked-on-mlb-prospects/id1525225214 Spotify: https://open.spotify.com/show/2wzJIf26tGgVbB7rsoKyLD Stitcher: https://www.stitcher.com/show/locked-on-mlb-prospects Follow along with LockedOn MLB Prospects host Lindsay Crosby as we follow 120+ affiliated teams throughout the 2023 season! From prospect call-ups to impactful trades to the ever evolving battle for minor league living and working conditions, Lindsay is covering it all on five days a week. Available exclusively on the Locked On Podcast Network. Follow the show on twitter @LockedOnFarm and email your Mailbag Monday questions to LockedOnMLBProspects@gmail.com Follow Lindsay for up to the minute details on all things Minor League Baseball: On Twitter: https://twitter.com/CrosbyBaseball Support Us By Supporting Our Sponsors! RocketMoney Stop throwing your money away. Cancel unwanted subscriptions -- and manage your expenses the easy way -- by going to RocketMoney.com/lockedonmlb. Birddogs Today's episode is brought to you by Birddogs. Go to birddogs.com/lockedonmlb and when you enter promo code, LOCKEDONMLB, they'll throw in a free custom birddogs Yeti-style tumbler with every order. Sorare Head to sorare.com/lockedon to draft your free team of player cards, set your lineup, and start competing today to win epic rewards. eBay Motors For parts that fit, head to eBay Motors and look for the green check. Stay in the game with eBay Guaranteed Fit. eBay Motors dot com. Let's ride. eBay Guaranteed Fit only available to US customers. Eligible items only. Exclusions apply. Gametime Download the Gametime app, create an account, and use code LOCKEDONMLB for $20 off your first purchase. Built Bar Built Bar is a protein bar that tastes like a candy bar. Go to builtbar.com and use promo code “LOCKEDON15,” and you'll get 15% off your next order. FanDuel Make Every Moment More. Don't miss the chance to get your No Sweat First Bet up to ONE THOUSAND DOLLARS in Bonus Bets when you go FanDuel.com/LOCKEDON. FANDUEL DISCLAIMER: 21+ in select states. First online real money wager only. Bonus issued as nonwithdrawable free bets that expires in 14 days. Restrictions apply. See terms at sportsbook.fanduel.com. Gambling Problem? Call 1-800-GAMBLER or visit FanDuel.com/RG (CO, IA, MD, MI, NJ, PA, IL, VA, WV), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 (WY, KS) or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), 1-877-8-HOPENY or text HOPENY (467369) (NY), TN REDLINE 1-800-889-9789 (TN) Learn more about your ad choices. Visit podcastchoices.com/adchoices
© 2020-2025 Ivy Podcast Discovery LLC
