Podcasts about Polypropylene

In today's Pre-Session Views: Strategy| Jirian impact on PHDC is contingent on deal metricsETEL| Vodafone Egypt - MNOs cashflows giant remains a key value driver for ETELCSAG management call| AD ports agreement and recovery in Suez Canal traffic shall pave the way for a better performanceWeekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 63.9 | -1.4% | Diesel-HSFO Spread, USD/ton | 189.2 | -6.1% | Egypt Urea, USD/ton | 401.0 | 0.0% | Polyethylene, USD/ton | 920.0 | 0.0% | Polypropylene, USD/ton | 965.0 | 0.0% | Iron Ore 65%, USD/ton | 115.4 | -0.6% | Steel/Iron Ore Spreads, USD/ton | 374.4 | -1.0% | LME Aluminum Cash Price, USD/ton | 2,438.3 | -0.8% | LME Copper Cash Price, USD/ton | 9,548.1 | -1.0% | Egyptian Retail Cement, EGP/ton | 3,784.0 | 1.1% | Steam Coal FOB Newcastle Australia, USD/ton | 100.8 | 0.4% | SMP, USD/MT | 2,817.0 | 0.0%

In today's Pre-Session Views: Strategy| Out of all commodity and F&B plays, EGAL and SUGR continue to stand outJUFO| potential non-core asset sale to support liquidity and profitabilityMBSC| Signals Commitment to Shareholders with Robust FY24 DividendEFIH| A direct beneficiary of Egypt's tourism boomRAYA| Keep an eye on EGX's diversified conglomerate – another beneficiary of interest rate cutsWeekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 64.8 | -1.0% | Diesel-HSFO Spread, USD/ton | 201.5 | -3.4% | Egypt Urea, USD/ton | 401.0 | 2.8% | Polyethylene, USD/ton | 920.0 | 0.0% | Polypropylene, USD/ton | 965.0 | 0.5% | Iron Ore 65%, USD/ton | 115.8 | -1.0% | Steel/Iron Ore Spreads, USD/ton | 378.9 | 0.0% | LME Aluminum Cash Price, USD/ton | 2,456.9 | -1.2% | LME Copper Cash Price, USD/ton | 9,641.1 | 1.7% | Egyptian Retail Cement, EGP/ton | 3,743.0 | 3.5% | Steam Coal FOB Newcastle Australia, USD/ton | 100.4 | 1.4% | SMP, USD/MT | 2,817.0 | -0.4%

*Key news articles for today*Abu Dhabi wealth fund ADQ-owned AD Ports Group has inked a 50-year renewable usufruct agreement with the Suez Canal Economic Zone (SCZone) to develop and operate an industrial and logistics zone spanning 20 sqkm in East Port Said. Net foreign assets in Egypt's banking sector increased for the third consecutive month to USD15.04 billion in March, up c. 47.5% from February's USD10.2 billion. Commercial banks recorded their first surplus since August; their net foreign assets came in at USD2.5 billion in March. The government is preparing to unveil a revamped export subsidy program that will roughly double support rates across all sectors, introduce new incentives for branded exports, and prioritize higher value-added sectors. The framework is expected to be formally announced soon, come into effect on 1 July, and run through 2028.  The CBE has plans to issue a record EGP2.2 trillion in t-bills and bonds during the fourth quarter of the current fiscal year, marking a 9.7% q/q increase, to help cover the budget deficit.  The government plans to purchase 8.5 million tons of wheat in the upcoming fiscal year, split between local and imported supply. That is around 300k tons more than FY24/25. The government plans to implement a number of amendments and measures to increase the expected VAT proceeds during the next fiscal year, by including new sectors in the formal economy and applying the tax to entities previously exempted from it. This comes amid expectations of lower production costs and a further reduction in interest rates.  Sources told press that allowing banks to process customs imports after the official working hours without restrictions will expand the import and export base for investors, which will positively impact VAT revenue. ABUK released 3Q24/25 unaudited financial indicators with net profit came of EGP3.3 billion (-59% YoY, +5% QoQ). This brought 9M24/25 bottom line to EGP7.8 billion (-36% YoY). ABUK is currently trading at FY24/25f PE of 5.0x. EFIC released 1Q25 unaudited standalone results with net profit increasing by 32% YoY (-78% QoQ) to EGP208.9 million. EFIC is currently trading at FY25f PE of 5.2x. ABUK subsidiary North Abu Qir for Agri-Nutrient Company's Board of Directors approved the establishment of a new company under the name Khaleej Abu Qir for Agri-Nutrient as a private free zone company with an authorized capital of USD100 million and issued and paid-in capital of USD5 million.  ABUK subsidiary Global Company for Methanol and its Derivatives' general assembly approved the liquidation of the company, and the redemption of the shareholder shares in the company's capital. TMGH (FV: EGP75.00, OW) launched the second phase of SouthMed on the North Coast. Weekly Commodities Update|   | Last Price | WoW Change, % | Brent, USD/bbl | 66.9 | -1.6% | Diesel-HSFO Spread, USD/ton | 216.7 | 2.1% | Egypt Urea, USD/ton | 392.5 | -0.6% | Polyethylene, USD/ton | 940.0 | 0.0% | Polypropylene, USD/ton | 990.0 | -0.5% | LME Aluminum Cash Price, USD/ton | 2,396.3 | 2.9% | LME Copper Cash Price, USD/ton | 9,376.4 | 2.4% | Egyptian Retail Cement, EGP/ton | 3,527.0 | 0.1% | Steam Coal FOB Newcastle Australia, USD/ton | 93.8 | -1.4% | SMP, USD/MT | 2,795.0 | -2.8%

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

Story at-a-glance Research shows microplastics become trapped in brain blood vessels when consumed by immune cells, leading to reduced blood flow and impaired cognitive function in mice Human brain tissue contains seven to 30 times more microplastic contamination than other organs, with particularly high concentrations found in individuals diagnosed with dementia Researchers identified a direct pathway for microplastics to enter your brain through your nose, bypassing the blood-brain barrier via the olfactory system Polypropylene, a common plastic used in packaging and consumer goods, was found in over 40% of brain tissue samples, highlighting the impact of everyday plastic exposure Practical solutions such as water filtration, choosing natural fiber clothing and using non-plastic food packaging help reduce your microplastic exposure

The National Wages Council decided to raise the minimum wage for private sector workers to EGP7k a month, up from EGP6k, starting March. The Council also set the value of the bonus granted to employees at no less than 3% of their social insurance wage with a floor of EGP250 per month.Hong Kong-listed United Energy Group (UEG) inked a sale and purchase agreement to fully acquire Apex's upstream oil and gas exploration and production operations in Egypt for an undisclosed sum.A consortium of Infinity Power, Hassan Allam Utilities, and the UAE's Masdar secured a 20 sq km land plot in New Valley Governorate's Dakhla Oasis for their 900 MW solar power plant and its accompanying battery storage.South Sinai is looking to pull in EGP500-600 billion in industrial investments. Both foreign and local investors will be offered plots to encourage investment.The Investment Authority is close to issuing a comprehensive decision which includes updating the financial and accounting standards and procedures for companies evaluation, including mergers, divisions, and amending the companies' financial structures, and updating the methods of evaluating in-kind shares.The Egyptian government is close to concluding negotiations with the European Union and the European Bank for Reconstruction and Development (EBRD) to obtain financing of up to EUR200 million to launch a new power line,  to transmit electricity produced from wind energy projects in Gebel El Zeit, which will take a year to implement.ADIB (FV: EGP85.00, OW) recorded a strong 4Q24 consolidated bottom line post minority of EGP2,207 million (-1% q/q, +97% y/y), bringing FY24 bottom line post minority to EGP9,009 million (+93% y/y and 6% higher than Al Ahly Pharos estimate). Board of Directors proposed to increase the bank's paid-in capital from EGP6 billion to EGP12 billion, through the distribution of one share for each original share before the increase, deducted from FY24 net profit. The bank is currently trading at P/E25 2.4x.OCDI reported strong FY24 sales of EGP50.3 billion, up 66.2% y/y, implying 4Q24 sales of EGP10.5 billion, up 0.5% y/y and down 63.5% q/q. Sales performance in FY24 was driven by the launch of Ogami on the North Coast, which contributed sales of EGP24.5 billion. OCDI plans to open five new hotels offering a total of 550 rooms, is studying acquiring land plots of no less than 300 feddans in East and West Cairo, and is looking into expanding into education.U.S. President said that he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties.Egypt steel production increased 12.3% YoY to 9.04 million tons in 2024, while steel sales inched up 6.1% YoY to 7.0 million tons throughout the year. Egyptian cement manufacturers received export orders of 1 million tons this month, driven by the reconstruction of neighboring countries, primarily Libya, Syria, and Iraq. Libyan market captures more than 50% of the received orders. Badr City's medical city Capital Med is planning to make its EGX debut through a direct listing in 1H25. The company will then move forward with a capital increase to fund the construction of the new phase of the medical city. Al Ahly Pharos will act as the financial advisor and offering manager for the listing.The Suez Canal Economic Zone signed a contract with ETRS and Nafith International to develop a smart truck yard in West Port Said Port at an investment cost of EGP250 million.Weekly Commodities UpdateLast Price | WoW Change, % Brent, USD/bbl | 74.7 | -2.7% Diesel-HSFO Spread, USD/ton | 259.2 | -1.6% Egypt Urea, USD/ton | 447.5 | 3.2% Polyethylene, USD/ton | 940.0 | 0.0% Polypropylene, USD/ton | 957.5 | 0.0%Iron Ore 65%, USD/ton | 123.3Steel/Iron Ore Spreads, USD/ton | 375.0 | -1

Kuwait's Bukhamseen Group is looking into establishing a USD125 million hotel in Egypt as part of its plan to expand its presence in the Egyptian market.The Kuwaiti Jazeera Airways is interested in expanding its presence in the local market, boosting investments in airport development and mulling a mass transit project.Aref Investment Group is looking to expand its investments in Egypt in the fields of education, healthcare, manufacturing, and logistics.Al Mulla Group is in talks with the Japanese Mitsubishi to localize the manufacture of its vehicles in Egypt. The group is also mulling expanding its investments in the education and financial services sectors.Prime Minister met with the Emirati minister of industry and investment to review progress on joint projects, including the industrial projects being set up in Ras El Hekma. The discussion also covered the latest on joint energy, data centers, and renewable energy projects, and airport management.Two Chinese phone companies intend to expand in the local market by manufacturing their products in Egypt during the second half of this year, according to local press.Electronics and mobile accessories manufacturer Ugreen, in collaboration with Blooms Group, has officially launched in Egypt with a USD5 million investment. The company will offer a range of power banks and audio devices, with more devices to be introduced later this year.Food industry exports hit their highest level in 2024 at USD6.1 billion, up 21% YoY.Canada has responded to Trump with a first round of 25% tariffs on imports worth some USD107 billion, including USD20 billion worth of goods that will be impacted starting Tuesday. The EU also responded to Trump's statements that it would be “absolutely” facing tariffs “pretty soon,” saying that the bloc “would respond firmly to any trading partner that unfairly or arbitrarily imposes tariffs on EU goods.”BTFH reported a net income of EGP1.7 billion in 2024, marking a 4.6x y-o-y increase. Consolidated revenues rising 4x year-on-year to EGP7.2 billion. Also, EGA approved an increase in the company's paid in capital from EGP10.9 bn to EGP21.8 bn through rights issue.MCQE denied in an official statement what was reported about negotiations being held up with a Kuwaiti entity to buy a stake in the company for USD1 per share.SVCE has not received any Emirati offers for its stake in Building Materials Industry Company (BMIC). The announcement follows a report from local media claiming that an unnamed Emirati company had submitted an offer to acquire a controlling stake in BMIC in exchange for settling its EGP4 billion outstanding debt.The Oil Ministry increased natural gas supplies allocated for the industrial sector by 10% in 1H25. Export-orientated industries are prioritized for receiving gas supplies.Local pharma sales climbed 42% YoY in 2024 to EGP292 billion. The increase came on the back of price rises that began picking up in the second half of the year. Prices are likely to remain stable for the time being in 2025 as long as the EGP/USD exchange rate is stable.RMDA achieved strong sales in December 2024, pushing total 2024 sales up by 46% YoY.Weekly Commodities UpdateLast Price | WoW Change, %Brent, USD/bbl | 76.8 | -2.2% Diesel-HSFO Spread, USD/ton | 263.3 | -2.7% Egypt Urea, USD/ton | 433.5 | 0.6% Polyethylene, USD/ton | 940.0 | 0.0% Polypropylene, USD/ton | 957.5 | Iron Ore 65%, USD/ton | 123.3 | 0.0%Steel/Iron Ore Spreads, USD/ton | 377.5 | 3.0%LME Aluminum Cash Price, USD/ton | 2,592.2 | -1.6%Egyptian Retail Cement, EGP/ton | 3,012.0 | 2.0% Steam Coal FOB Newcastle Australia, USD/ton | 115.5 | -0.7% SMP, USD/MT | 2,729.0 | 0.0%

The General Authority for Investment and Freezones is looking into setting up a freezone in Minya that would house textile projects from a Chinese investment alliance that is eyeing USD1.5 billion in initial investments.The Finance Ministry will launch an electronic tax system for clearing investors' receivables and debts next month.Net foreign assets of the CBE were almost flat at EGP592.469 billion (c. USD11.7 billion) by the end of December 2024.The FRA issued a decree determining the minimum capital for insurance companies. The Authority obligates insurance companies to raise the minimum issued and paid-up capital in two stages over two years to reach EGP400 million in the first stage within one year, and in the second stage to EGP600 million by the end of the second year.NTRA is set to launch WiFi calling services in Egypt today. The new service will enable mobile phone users to make high-quality voice calls over internet connections, rather than via mobile networks.ESRS general assembly approved the issuance of corporate guarantees in favor of subsidiaries, sister companies, and related companies at a maximum of USD500 million or EGP equivalent. According to local media, HELI plans to develop a project on 25 feddans in New Heliopolis, with expected investment of EGP1.8-2.0 billion. The project is expected to generate sales of EGP4.0 billion.Social Impact Capital (SIC) will soon have increased its stake from 51.2% to 88.7% in CIRA. The additional 37.5% stake will officially transfer to SIC upon the completion of the Mandatory Tender Offer.Organi Group targets establishing a USD100 million chlorine pellets factory that will mark the Middle East's first facility producing the swimming pool cleaner when it starts operations in 2025. The General Petroleum Company plans to drill 41 new oil and gas wells and repair or recomplete 39 others as part of its FY25/26 investment budget.MICH posted EGP314 million in 1H24/25 net profit, a 12% YoY growth, supported by a 14% YoY growth in revenue to EGP528 million in 1H24/25.Alamal Alsharif Plastics is expected to make its EGX debut through a direct listing in 2Q25. The listing will reportedly see the government-owned National Investment Bank divest its entire 29.5% stake in the company.Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 80.8 | 1.30% | Diesel-HSFO Spread, USD/ton | 302 | 8.60% | Egypt Urea, USD/ton | 431 | 1.70% | Polyethylene, USD/ton | 940 | 0.00% | Polypropylene, USD/ton | 953 | 0.00% | Iron Ore 65%, USD/ton | 122 | 1.10% | Steel/Iron Ore Spreads, USD/ton | 370 | -1.00% | LME Copper Cash Price, USD/ton | 9,082 | 1.00% | LME Aluminum Cash Price, USD/ton | 2,674 | 4.50% | Egyptia Retail Cement, EGP/ton | 2,847 | 0.00% | Steam Coal FOB Newcastle Australia, USD/ton | 117 | 3.30% | SMP, USD/MT | 2,682 | 0.00% | Last price may vary week over week in some indices due to time difference

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%

Imported mobile phones could be subject to customs and tax fees totaling 37.5%, as part of incoming government regulations to support the country's mobile phone manufacturing localization efforts.Prime Minister is gearing up to announce “positive news” regarding the airport privatization plan developed with the International Finance Corporation (IFC).Infinity Power, UAE's Masdar, and Hassan Allam Utilities will soon launch a tender for a contractor to carry out their combined 1.2 GW solar projects planned for the Dahkla Oasis and Benban plant in Upper Egypt.The Ministry of Petroleum intends to launch an international bid for gold exploration in areas in the Eastern Desert.The CBE balances at the International Monetary Fund rose to EGP31.172 billion at the end of October, compared to EGP18.243 billion at the end of September 2024.The Egyptian government expects the World Bank to respond in 1Q25 to its request for new financing worth USD250 million in order to implement the state ownership policy.Jade Textile Company, a subsidiary of the Turkish Yeshim Group in Egypt, is implementing investment expansions in its factories in Cairo, Ismailia, and Alexandria, with a total investment of USD180 million.ORAS reported a steady set of results for 3Q24. Net income attributable to shareholders came in at USD21.6 million (+34% YoY, +12% QoQ) in 3Q24. This brought 9M24 bottom line to USD87.0 million, down 24% YoY. ORAS is currently trading at FY25e PE of 5.3x and EV/EBITDA of 1.2x.United Bank private placement on the EGX will wrap up later today. The offering is reportedly already 3x oversubscribed with still one day left of the placement to go. Retail subscription is starting on Wednesday until 3 December.The IFC inked an agreement with COMI that will see it grant the bank some USD150 million in soft financing aimed at supporting COMI's efforts to promote micro and small and medium-sized enterprises.BTFH's platform NEBIT aims to penetrate non-traditional fertilizer activities and agricultural supplements. Catalyst Partners Middle East (CPME) made its EGX debut yesterday. The SPAC listed 1 million shares with a nominal value of EGP10/share. JUFO BoD has initially approved the merge of Elmasreya for Dairy Products Company, Eldawleya Modern Food Industries Company, Egyptian Food Industries Company - EGYFOOD, and Al Marwa Food Industries Company into JUFO based on the book value of these companies according to FY23 financials.Egypt's chemicals and fertilizers exports increased by 5% YoY to USD6.5 billion in 9M24. Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 75.2 | 5.80% | Diesel-HSFO Spread, USD/ton | 260 | 9.20% | Egypt Urea, USD/ton | 354 | 0.00% | Polyethylene, USD/ton | 975 | -0.50% | Polypropylene, USD/ton | 960 | -0.50% | Iron Ore 65%, USD/ton | 121 | 2.70% | Steel/Iron Ore Spreads, USD/ton | 389 | -4.00% | LME Copper Cash Price, USD/ton | 8,848 | -0.40% | LME Aluminum Cash Price, USD/ton | 2,597 | -1.20% | Egyptia Retail Cement, EGP/ton | 2,849 | 0.00% | Steam Coal FOB Newcastle Australia, USD/ton | 141 | -0.40% | SMP, USD/MT | 2,882 | 1.10% | Last price may vary week over week in some indices due to time difference

Annual urban inflation came almost flat in October, registering 26.5% YoY, up from 26.4% YoY in September. Monthly urban inflation decelerated to 1.1% MoM in October from 2.1% MoM in September. The Central Bank of Egypt will auction USD1.5 billion in USD-denominated, one-year t-bills today.The government now only has USD1 billion in outstanding arrears to foreign oil and gas companies, after having cleared another USD1 billion in arrears last week.The Ministry of Finance intends to launch the central clearing system, which aims to settle the obligations and rights of taxpayers with the government starting 2025.ORHD's (FV: EGP26.26, OW) net profit in 3Q24 reached EGP1.2 billion, up 25.7% y/y and down 36.9% q/q, bringing 9M24 net profit up 1.9% y/y to EGP1.8 billion.ADIB (FV: EGP80.00, OW) recorded a strong 3Q24 consolidated bottom line post minority of EGP2,228 million (-9% q/q, +61% y/y), bringing 9M24 bottom line post minority to EGP6,802 million (+91% y/y). The bank is currently trading at 0.8x P/B25 and 2.8x P/E25.ADIB's BoD approved obtaining a subordinated loan of USD66.9 million from the main shareholder ADIB-UAE. The financing is to support the growth and expansion plan, with a tenor of 7 years.CICH began promoting the IPO of 30% of United Bank's shares in Saudi Arabia, Dubai, London, and South Africa this week.CNFN is continuing its regional expansion plans in the MENA region and aims to reach Europe in the future.ABUK released 1Q24/25 financial indicators. Net profit declined 35% YoY (-4% QoQ) to EGP1.28 billion. ABUK is currently trading at FY24/25f PE of 4.7x and EV/EBITDA of 4.1x. CCAP Chairman, Ahmed Heikal, announced that there is no intention currently to float ERC's shares on the EGX.The Egyptian Competition Authority approved requests from ADQ to acquire 25% of EDC, 30% of Ethydco, and 35% of ELAB.The Egyptian Railway Authority of the Ministry of Transportation will bid for the development and renovation of the USD285 million Robeiky-Tenth of Ramadan-Belbeis freight and passenger railway line next month. The three main qualified consortiums include Spanish Talis - ORAS, France's Alstom - Rowad Modern Engineering, and Italy's Mermec - Egypt's Hazeq. SCEM posted its consolidated results for 3Q24, recording a surge in net attributable income to EGP2.1 billion, reversing comparative quarter losses of EGP41.7 million, and up 16% compared to the previous quarter. This brought 9M24 earnings to EGP2.7 billion reversing comparative period losses of EGP121.4 million. It is worth highlighting that the bottom line included EGP1.5 billion as gain from sale of investments. Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 73.9 | 1.1% | Diesel-HSFO Spread, USD/ton | 225 | -5.7% | Egypt Urea, USD/ton | 406 | 0.0% | Polyethylene, USD/ton | 980 | 0.0% | Polypropylene, USD/ton | 965 | 0.0% | Iron Ore 65%, USD/ton | 124 | 2.4% | Steel/Iron Ore Spreads, USD/ton | 401 | -2.0% | LME Copper Cash Price, USD/ton | 9,302 | -1.5% | LME Aluminum Cash Price, USD/ton | 2,584 | 0.5% | Egyptia Retail Cement, EGP/ton | 2,848 | 0.5% | Steam Coal FOB Newcastle Australia, USD/ton | 143 | -0.4% | SMP, USD/MT | 2,850 | 3.8% | Last price may vary week over week in some indices due to time difference

What are the challenges and possibilities around switching to recyclable packaging materials particularly in the pharmaceutical and food space? Jonathan Cage, Director for Business Development at ICPG, a division of Impact Plastics, speaks to Elisabeth Skoda about the company's XPP® Polypropylene solution. ICPG will be exhibiting at Packaging Europe's Sustainable Packaging Summit. Podcast listeners can get a 10% discount on tickets. Join us in Amsterdam on 12-13 November. To redeem your discount, use the code PEPOD10 at check-out. Details: www.packagingsummit.earth/2024/Packaging Europe's podcast, featuring the leading international figures in packaging innovation, sustainability and strategy, is now weekly! Be sure to subscribe so you don't miss an episode.For more packaging news, interviews and multimedia content visit Packaging Europe.

 President Abdel Fattah El Sisi pointed to the economic pressures the nation is enduring as the country undergoes reforms as part of its loan agreement with the IMF. “If this challenge forces me to place unbearable pressure on the public, we must review the situation with the IMF,” El Sisi said.Finance ministers, central bank governors, and other big names in the worlds of finance and policy are in Washington DC for the International Monetary Fund and World Bank Group Annual Meetings that run until Saturday.Japanese real estate mogul and Titan Capital owner Kanazawa Kiyokyo is considering moving a portion of his USD8 billion in investments to the Egyptian market, he said during a meeting with the Housing Minister.The Housing Ministry has published new income limits for low- and middle-income citizens wishing to apply for subsidized housing under the new offering by Social Housing and Mortgage Finance Support Fund.The cost of the interest subsidy initiative for tourism company loans is estimated at EGP3.5 billion annually, government sources said.Helios Investment Partners fund plans to invest about USD250 million in Egypt during the coming period.The Egyptian government intends to reduce the cap on car imports by about 20% starting this month to 8,000 cars per month instead of the 10,000 cars set last June.The Egyptian arm of Polish grain silo company Feerum has reportedly pulled out of an agreement to set up a factory to manufacture grain silos with with Egyptian construction and engineering firm Samcrete and the state-owned Egyptian Holding Company for Silos and Storage.The government reportedly plans to launch a tender to purchase 20 LNG cargoes during 1Q25. DOMT BoD has given the greenlight for Arla Foods to begin its due diligence process. According to local media, DOMT has invested EGP150 million this year to expand its bakery business and seize new export opportunities. The company plans to invest another EGP200 million in 2025 to purchase a new plot of land for expansion and to increase its production capacity.Moroccan Ministry of Industry and Trade announced yesterday the start of an investigation to combat dumping imports of CR steel that are coming from Egypt, after a complaint submitted by the sole flat steel producer Maghreb Steel, claiming that Egyptian imports are sold in the Moroccan market at unfair prices.RAYA gave the preliminary greenlight to Helios Investment Partners' acquisition bid to acquire 49% of Raya Foods for USD40 million.RAYA's automotive unit Raya Auto plans to invest over EGP300 million in EVs over the next three years.Weekly Commodities Update  |   | Last Price | WoW Change, % | Brent, USD/bbl | 73.1 | -7.6% | Diesel-HSFO Spread, USD/ton | 184 | -18.0% | Egypt Urea, USD/ton | 406 | 0.0% | Polyethylene, USD/ton | 980 | 0.0% | Polypropylene, USD/ton | 970 | 2.7% | Iron Ore 65%, USD/ton | 118 | -6.5% | Steel/Iron Ore Spreads, USD/ton | 419 | 1.0% | LME Copper Cash Price, USD/ton | 9,503 | -1.5% | LME Aluminum Cash Price, USD/ton | 2,579 | -1.3% | Egyptia Retail Cement, EGP/ton | 2,763 | 0.0% | Steam Coal FOB Newcastle Australia, USD/ton | 145 | -0.9% | SMP, USD/MT | 2,745 | -1.8% | Last price may vary week over week in some indices due to time difference

The Financial Regulatory Authority has suspended issuing new licenses for companies seeking to operate in consumer finance or microfinance for one year. Egypt is looking to boost its natural gas production by 30% to 6 bn cubic feet of gas per day by the end of 2025.Kuwait is reportedly mulling converting its deposits in the CBE - USD4 billion - into direct investments. Egypt stands to save between USD300-400 million thanks to the IMF reducing surcharges, a government source said.The Transport Ministry and Saudi Arabia's Transport General Authority inked an MoU to bolster cooperation in maritime connectivity.Planning and International Cooperation Minister and EU Ambassador to Cairo signed a EUR7 million comprehensive technical support package to support Egypt's green transition.The Ministry of Supply has set USD240 as the maximum import price for a ton of wheat, following the announcement by the Russian Ministry of Agriculture of raising duties on wheat exports by about 41% to reach the equivalent of USD19.57 per ton.Bell International Company plans to pump new investments into Egypt worth USD150 million over the next two years to add new production lines.MFPC sent a release with reference to news of the company competing for the development of Delta Fertilizers Company with investments of USD450 million. MFPC declared that it has received an invitation to contribute in the partnership, and the matter is still under review. Egypt Gas announced that the latest deal signed by its 41%-owned subsidiary, Town Gas, for natural gas connection and installations to households in Romania will not affect the company's revenues during the current year.GB Capital for Financial Investments, the financial arm of GBCO, has obtained the Promoting and Underwriting license to expand its service offering into debt capital markets and related activities.According to local media, an official from GBCO denied the news mentioned yesterday about the company's intention of becoming an investment bank. HRHO has completed its fourth issue of securitization bonds worth EGP1.4 billion for Bedaya. Also, ValU is preparing to issue securitization bonds worth EGP1.5 billion as part of its current program worth EGP16 billion.Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 79.0 | 1.3% | Diesel-HSFO Spread, USD/ton | 225 | -6.5% | Egypt Urea, USD/ton | 406 | 5.5% | Polyethylene, USD/ton | 980 | 0.0% | Polypropylene, USD/ton | 945 | 0.0% | Iron Ore 65%, USD/ton | 123 | -3.6% | Steel/Iron Ore Spreads, USD/ton | 421 | 3.0% | LME Copper Cash Price, USD/ton | 9,651 | -1.5% | LME Aluminum Cash Price, USD/ton | 2,614 | -1.1% | Egyptia Retail Cement, EGP/ton | 2,762 | 0.8% | Steam Coal FOB Newcastle Australia, USD/ton | 147 | -1.0% | SMP, USD/MT | 2,795 | 0.0% | Last price may vary week over week in some indices due to time difference

Ras El Hekma is reportedly expected to reach total investments worth USD110 billion by 2045, with a yearly GDP contribution of USD25 billion, and create around 750k direct and indirect jobs.Egypt's GDP growth rate was 2.4% in the fourth quarter of the 2023/24 year, bringing the annual growth rate to 2.4%, down from 3.8% a year earlier.Net International Reserves reached USD46.74 billion at the end of September 2024, up from USD46.6 billion in August, on higher value of gold component.Suez Canal navigation statistics recorded a 49% decrease in the number of ships passing through the Canal since the beginning of this year.Egypt is set to secure USD2.9 billion in financing to support the state budget and enhance structural reforms from a number of development partners.The government is stepping up efforts to be relisted on JPMorgan's emerging-market sovereign bond indices.The government is planning an Egyptian-British investment conference to attract new British investments.The General Authority for Investment and Freezones (GAFI) will set up four new freezones and have two others go live next year.The MPs will discuss and vote on amendments to the law regulating the Sovereign Fund Egypt, which gives the Prime Minister the responsibility of assigning out the minister in charge of the fund — the responsibility currently falls to the Planning Minister.Egypt received USD21.3 million from the World Bank's USD200 million loan to combat pollution and climate change.Egypt increased its wheat imports during 9M24 by c.30% YoY, reaching 10.8 million tons capitalizing on relatively lower prices.ADQ has chosen portfolio company Modon Holding to be the master developer on its landmark USD35 billion Ras El Hekma project on the North Coast. Modon inked several agreements with local, regional, and international players at the event to help get the project off the ground, including a framework agreement with ORAS (FV: EGP344.18, OW) for it to be a key contractor for the project's first phase, and an MoU with SWDY (FV: EGP45.69, EW) to look into supplying building materials and collaborating on industrial park development, operations, and maintenance.Modon inked several agreements with local, regional, and international players including a memorandum of understanding with TAQA to explore cooperation on greenfield utilities, water desalination, and electricity projects.ESRS (FV: EGP120.21, EW) reduced its local rebar price by EGP2.5k/ton to EGP38.2k/ton, inclusive of 14% VAT, as of today.POUL (FV: EGP12.76, OW) is to distribute a cash dividend for FY23 of EGP0.847/share on 24 October 2024, for shareholders on record on 21 October 2024. This implies a dividend yield of 7.9% and a payout ratio of 28.0%. The National Bank of Egypt plans to open its inaugural branch in Riyadh before the end of the year.Post for Investment and private insurance provider AXA Egypt inked a strategic partnership agreement to launch Egypt's first micro insurance company.Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 78.1 | 8.40% | Diesel-HSFO Spread, USD/ton | 241 | -4.10% | Egypt Urea, USD/ton | 385 | 4.10% | Polyethylene, USD/ton | 980 | -1.00% | Polypropylene, USD/ton | 945 | -0.50% | Iron Ore 65%, USD/ton | 123 | 0.00% | Steel/Iron Ore Spreads, USD/ton | 416 | 4.00% | LME Copper Cash Price, USD/ton | 9,796 | -0.50% | LME Aluminum Cash Price, USD/ton | 2,642 | 0.40% | Egyptia Retail Cement, EGP/ton | 2,739 | -0.60% | Steam Coal FOB Newcastle Australia, USD/ton | 140 | 0.20% | SMP, USD/MT | 2,795 | -0.50% | Last price may vary week over week in some indices due to time difference

Ongoing geopolitical tension in the region has had a dire impact on Suez Canal revenues, which have seen a 50-60% drop — equivalent to USD6 billion — over the past 7-8 months, President El Sisi said.The government is currently in talks with foreign partners over a new set of incentives for the oil and gas industry that aim to boost oil and gas production and reduce the growing gap between energy supply and demand.The Madbouly government will soon launch an international tender for the EUR350 million expansion of the Gabal El Asfar water treatment plant.Egypt's merchandise exports recorded USD27.21 billion during 8M24, compared to USD24.67 billion during the same period last year.SWDY- Movyon Italy consortium agreed with the Transport Ministry to finalize executing the intelligent transport system over seven main roads, with investments that could reach EGP8 billion, by mid 2026, according to local media. Four consortiums have submitted bids to renovate the USD285 million Robeiky-Tenth of Ramadan-Belbeis freight and passenger railway line, according to local media. The bidders include a consortium of CBS Group subsidiary GTS and ORAS (FV: EGP344.18, OW).ABUK will distribute cash dividends of EGP7.5/share over three installments.ABUK's BoD has preliminarily agreed to study investment in the rehabilitation project of Delta Fertilizers factories.The Central Bank's digital payment platform InstaPay will roll out new features allowing users to make purchases at points of sale and on e-commerce platforms before the end of the year.ValU signed an agreement with ShipBlu and PayTabs Egypt to enable customers to pay for their online purchases delivered by ShipBlu using their ValU account balance.According to local media, TMGH (FV: EGP75.00, OW) and Huawei signed an agreement to cooperate in building advanced cloud technology supported by artificial intelligence in the Noor project.Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 72.0 | -3.4% | Diesel-HSFO Spread, USD/ton | 251 | -3.7% | Egypt Urea, USD/ton | 366 | 0.0% | Polyethylene, USD/ton | 990 | 0.0% | Polypropylene, USD/ton | 950 | 0.0% | Iron Ore 65%, USD/ton | 117 | 2.9% | Steel/Iron Ore Spreads, USD/ton | 410 | -1.0% | LME Copper Cash Price, USD/ton | 9,847 | 5.4% | LME Aluminum Cash Price, USD/ton | 2,630 | 6.8% | Egyptia Retail Cement, EGP/ton | 2,756 | -0.1% | Steam Coal FOB Newcastle Australia, USD/ton | 140 | 0.2% | SMP, USD/MT | 2,809 | 0.0% | Last price may vary week over week in some indices due to time difference

The Suez Canal Economic Zone is looking to global investors to set up a wind turbine blades production factory, which would be the first of its kind in the region.The Madbouly government is reportedly planning to increase its imports of Israeli gas by 20% to 1.2 bn cf a day starting next month.Suez Canal Economic Zone Chief Walid Gamal El Din laid the foundation stone for the Kemedi Chemical Company's new USD30 million chemical manufacturing in the TEDA industrial zone in Ain Sokhna, according to a SCZone statement.NTRA is reportedly looking into implementing new regulations and technical requirements for the import of wireless communication devices following the pager and hand-held radio explosions that took place in Beirut last week.Egypt faces a financing gap estimated at about USD10 billion in the current fiscal year 2024-2025 and is working to bridge it primarily through issuing international sukuk and bonds.The head of the Egyptian Customs Authority said that USD880 million were transferred so far under the expat cars initiative.The CBE will offer a stake of United Bank's shares on the bourse, with the initial public offering set to take place before the end of 1Q25. The assets of banks operating in the market increased in local currency by 36.1% during the first half of this year, reaching EGP19.33 trillion. Banks' lending and discount balances increased by EGP1.7 trillion in six months, recording EGP7.2 trillion last June, up from EGP5.46 trillion at the end of 2023.BTFH subsidiary Beltone Leasing and Factoring inked a EGP400 million leasing and factoring agreement with Madkour Group.According to local media, TMGH (FV: EGP75.00, OW) subsidiary Orion Facilities Management Services intends to set up a consumer finance firm in 2025, with Orion owning a minority stake in the new firm and an unidentified financial institution holding a majority stake.AMOC decided to distribute EGP0.75/share in cash dividends distributed over two installments. This implies a dividend yield of 8.4%. EGCH sent a release in reference to what was raised on social media regarding the impact of the company's factories on the environment in Aswan. The company announced that is has absolutely no relation to the current events in Aswan related to the pollution of drinking water. ETEL replied to yesterday's circulated news (regarding the government looking to sell an additional 10% of its stake in ETEL) in a release noting that the company did not receive any information on that matter.Fintech player MID Takseet customers can pay their installments through Basata's payment network, under a newly-announced strategic partnership between the two companies.The Transport Ministry is set to transfer two marine terminals at the Sokhna Port to Emirati shipping and logistics giant Abu Dhabi Ports before the end of 1Q25 for the development of their superstructure.Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 74.5 | 4.00% | Diesel-HSFO Spread, USD/ton | 261 | 0.50% | Egypt Urea, USD/ton | 366 | 2.40% | Polyethylene, USD/ton | 990 | -1.00% | Polypropylene, USD/ton | 950 | -1.10% | Iron Ore 65%, USD/ton | 115 | -0.20% | Steel/Iron Ore Spreads, USD/ton | 413 | 1.00% | LME Copper Cash Price, USD/ton | 9,347 | 1.70% | LME Aluminum Cash Price, USD/ton | 2,464 | 0.30% | Egyptia Retail Cement, EGP/ton | 2,759 | -0.60% | Steam Coal FOB Newcastle Australia, USD/ton | 140 | 1.20% | SMP, USD/MT | 2,809 | 2.00% | Last price may vary week over week in some indices due to time difference

Egypt and Cyprus have begun serious steps to reach an agreement to build a 90-km marine natural gas pipeline to connect the two countries. A consortium made up of SPE Capital-run equity fund SPE PEF III, European Bank for Reconstruction and Development, local private equity firm Tanmiya Capital Ventures, and the UK government's British International Investment, inked an agreement to fully acquire local microfinance provider, Tamweely, from its current state-owned shareholders in a transaction worth EGP2.8 billion.Saudi renewable energy developer ACWA Power expects to complete the first USD4 billion portion of its green hydrogen project in the Suez Canal Economic Zone by 4Q28.The Urban Development Fund received eight offers from foreign and Egyptian investors to develop two projects in Kafr El-Sheikh and Mahalla El-Kubra in partnership with a total investment of EGP55 billion.New tax incentives are set to be announced within the coming days.Egypt's trade deficit decreased 5.1% y/y to USD2.9 billion in June 2024.Car imports grew about 46.9% y/y to USD1.2 billion in 1H24.MASR (FV: EGP5.24, OW) launched Butterfly, its project in Mostakbal City. The project is expected to generate sales of EGP64.0 billion.According to local media, TMGH (FV: EGP75.00, OW) opened the first phase of its sports club in Celia in the New Administrative Capital.Egypt's ITIDA, ETEL, and China's Tsinghua Unigroup are collaborating to set a USD300 million fund that will focus on AI and semiconductor development, along with establishing a data center and research facilities, according to local press.Egypt Post plans to establish a digital bank in collaboration with financial and technical partners, according to local press.Alpha Oryx Limited is preparing to acquire 35% of Egyptian Linear Alkyl Benzene (ELAB), 30% of Ethydco, and 25% of the Egyptian Drilling Company (EDC).Meds shortages are set to be completely over by the end of September, according to the Head of the Pharma Industry Chamber of the Federation of Egyptian Industries.SAUD's Islamic financial services arm Al Baraka Capital and SME financing firm Invia will launch a new sharia-compliant investment fund focused on financing small companies concentrated in the industrial sector.Egypt's ceramics exports declined 22% YoY to record USD64 million in the first 7 months of 2024.Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 71.1 | -9.8% | Diesel-HSFO Spread, USD/ton | 269 | 7.1% | Egypt Urea, USD/ton | 349 | 1.2% | Polyethylene, USD/ton | 1,020 | 0.0% | Polypropylene, USD/ton | 965 | 0.0% | Iron Ore 65%, USD/ton | 113 | -3.5% | Steel/Iron Ore Spreads, USD/ton | 411 | 4.0% | LME Copper Cash Price, USD/ton | 8,876 | -3.2% | LME Aluminum Cash Price, USD/ton | 2,321 | -8.5% | Egyptian Retail Cement, EGP/ton | 2,793 | -0.2% | Steam Coal FOB Newcastle Australia, USD/ton | 142 | -2.5% | SMP, USD/MT | 2,753 | 4.4% | Last price may vary week over week in some indices due to time difference

A consortium of the UAE's Al Shafar General Contracting (ASGC) Group and Saudi Egyptian Developers (SED) has backed out of an agreement to work on the USD5 billion redevelopment of the former National Democratic Party (NDP) headquarters in central Cairo due to increased construction costs following the EGP float.Alexandria Port Authority is gearing up to hand over three maritime terminals to local and foreign operators before the end of the year.The government has asked the Finance Ministry to postpone administrative seizures of indebted industrial facilities as part of a broader initiative to support productive sectors. The Finance Ministry sold some EGP54.1 billion worth of three-month t-bills this week at an average yield of 29.6%. This marks the highest yield on three-month bills since March.Recently hiked energy bills could reportedly save the state some EGP30 billion this fiscal year.Government sources estimated the value of goods accumulated at ports at USD100 million. These goods accumulated due to unpaid fees.The Holding Company for Metallurgical Industries is negotiating with the Ministry of Electricity to obtain a reduced electricity tariff for its subsidiary EGAL (FV: EGP125.21, OW). It is worth noting that EGAL is currently acquiring electricity at EGP1.32 per kilowatt hour, out of which the Finance Ministry burdens EGP0.10 per kilowatt hour.According to media, PHDC (FV: EGP8.78, OW) is looking into a number of real estate and education projects in Saudi Arabia.The Federation of Egyptian Industries' (FEI) pharma division has submitted a request to introduce customs exemptions for inactive ingredients. Pharma players also requested VAT breaks for the sector's packaging input.The government will be meeting with international pharma players over the coming period to invite them to take part in the EGP80 million regional hub for pharma raw materials.MICH released FY23/24 unaudited financial indicators. Net profit grew 22% YoY to EGP667 million. MICH's BoD proposed distributing cash dividends of EGP4.00/share.Menthum and CICH's asset management arm launch a USD fixed income fund in Egypt with an initial target size of USD10 million. ValU raised EGP1.1 billion in a securitized bond issuance.Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 79.0 | -0.8% | Diesel-HSFO Spread, USD/ton | 262 | -2.0% | Egypt Urea, USD/ton | 345 | -3.4% | Polyethylene, USD/ton | 1,020 | -1.0% | Polypropylene, USD/ton | 975 | 0.0% | Iron Ore 65%, USD/ton | 118 | 1.6% | Steel/Iron Ore Spreads, USD/ton | 388 | -2.0% | LME Copper Cash Price, USD/ton | 9,173 | 1.9% | LME Aluminum Cash Price, USD/ton | 2,537 | 9.4% | Egyptia Retail Cement, EGP/ton | 2,798 | 17.7% | Steam Coal FOB Newcastle Australia, USD/ton | 145 | -1.1% | SMP, USD/MT | 2,636 | 3.8% | Last price may vary week over week in some indices due to time difference

The boys sit down and discuss the launch of the Laurie Goode Signature Helmet Launch, including Polypropylene, meeting Laurie and the pre-order drama!For any enquires, email info@rspropmasters.comFor media enquires, email media@rspropmasters.comFollow us;Web - https://www.rspropmasters.comYouTube - http://youtube.com/rspropmasterstvFacebook - https://www.facebook.com/rspropmasters/Instagram - https://instagram.com/rspropmastersX - https://twitter.com/rspropmastersPodcast - Apple - http://bit.ly/3ZkHsg9Spotify - http://bit.ly/3YTAOxmAmazon - https://amzn.to/3xKQbwc Hosted on Acast. See acast.com/privacy for more information.

The Oil Ministry received 10 out of 21 contracted liquified natural gas (LNG) shipments as of last week, a government official said. The official also told the news outlet that the Ministry is set to receive another 3-4 LNG shipments within the coming two weeks.Saudi Arabia Drilling & Exploration Company could soon ink an agreement with an undisclosed Egyptian private sector player holding two gold exploration concessions in the Eastern Desert.The New and Renewable Energy Authority (NREA) has allocated land plots spanning 31k km for investors looking to set up renewable energy projects. The Central Bank of Egypt (CBE) has instructed local banks to allow non-residing foreigners to open accounts.Turkey's Jade Textile has contracted an unnamed Gulf-based consultant to establish a solar power station for its factory in Tenth of Ramadan, with investments of around USD1.5 million.Giza Spinning & Weaving reportedly plans to list 25-40% of its shares on the EGX before the end of the year.President El Sisi issued a directive forbidding the closure of any industrial facility without the greenlight from Transport and Industry Minister.ORHD (FV: EGP26.26, OW)'s net profit in 2Q24 rose 217.8% y/y to EGP1.9 billion, compared to 1Q24 net loss of EGP1.2 billion that had been caused by an FX loss due to the EGP devaluation in March 2024. This brought 1H24 net profit to EGP667.9 million, down 23.5% y/y. We maintain our Overweight recommendation of ORHD based on our FV of EGP26.26/share in light of solid sales performance and sturdy recurring income generated by hotel and commercial operations.ADIB recorded an outstanding 2Q24 consolidated bottom line post minority of EGP2,458 million (+16% q/q, +112% y/y), bringing 1H24 bottom line post minority to EGP4,574 million (+111% y/y). The bank is currently trading at 1.1x P/B24 and 3.5x P/E24.Housing and Development Properties (HDP), the real estate development arm of HDBK, yesterday launched Club Hills Residence, a EGP10 billion residential development in Sixth of October City. JUFO (FV: EGP30.80, OW) released outstanding 2Q24 financial results.Net profit jumped 362% YoY and 109.4% QoQ to reach EGP1,002 million. This brings 1H24 bottom line to EGP1,480 million (+166% YoY). JUFO is currently trading at 2024f P/E of 10.5x and EV/EBITDA of 5.3x.EKHO targets investing USD67 million in its North Sinai concession to keep natural gas daily production rates at 55 million cubic feet until the end of 2026. SWDY (FV: EGP44.88, EW) denied, in a release sent to EGX, any plans to delist the company's shares.RACC reported 1H24 results. Net profit came in at EGP245 million (+199.9% YoY), driven by revenues growth and margin expansion.TALM intends to inaugurate next month Beni Suef University Hospital, with investments of EGP800 million.         FRA granted Social Impact Capital (SIC) a 60-day extension on its mandatory tender offer (MTO) for up to 100% of CIRA.Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 79.7 | 3.70% | Diesel-HSFO Spread, USD/ton | 276 | -1.70% | Egypt Urea, USD/ton | 365 | 0.00% | Polyethylene, USD/ton | 1,050 | -0.90% | Polypropylene, USD/ton | 975 | -1.00% | Iron Ore 65%, USD/ton | 122 | -4.00% | Steel/Iron Ore Spreads, USD/ton | 389 | 0.00% | LME Copper Cash Price, USD/ton | 8,747 | -2.10% | LME Aluminum Cash Price, USD/ton | 2,250 | 2.20% | Egyptia Retail Cement, EGP/ton | 2,307 | 5.60% | Steam Coal FOB Newcastle Australia, USD/ton | 146 | 1.30% | SMP, USD/MT | 2,539 | -1.10% | Last price may vary week over week in some indices due to time difference

The average person consumes 39 000 to 52 000 microplastic particles per year through food and drink. This number doubles when taking into account how many microplastics we might inhale. Microplastics have been found in blood samples and almost every organ in the human body. In this episode, we discuss what are microplastics, how they get into your body, how they affect your health and how to avoid being exposed to them.   References cited in this podcast: Human Consumption of Microplastics: https://pubs.acs.org/doi/10.1021/acs.est.9b01517 Polypropylene microplastics promote metastatic features in human breast cancer: https://www.nature.com/articles/s41598-023-33393-8 Microplastics and Nanaoplastics in Atheromas and Cardiovascular Events: https://www.nejm.org/doi/full/10.1056/NEJMoa2309822

The IMF Executive Board is scheduled to discuss the third review of Egypt's USD8 billion loan program today. The greenlight from the board will see the Fund disburse a fresh USD820 million tranche into the state coffers and will allow Egypt to apply for an additional USD1.2 billion in climate financing.The G20 countries could greenlight a decision to provide debt relief to the countries that are most indebted to the IMF, which could mean upwards of USD370 million in debt relief to Egypt.The Oil Ministry and the Egyptian General Petroleum Corporation (EGPC) inked an agreement with Shell and Malaysia's Petronas to invest USD222 million in the deepwater West Delta to boost its gas production. The Oil Ministry and EGPC also signed an agreement with local energy giant Cheiron Energy to invest USD120 million in the Geisum and Tawila West development fields in the Gulf of Suez. The government is reportedly in talks with Jordan to jointly purchase a new floating regasification unit.Last June, foreign investments in government debt worth USD4 billion exited the Egyptian market. SKPC released 2Q24 unaudited financial indicators. Net profit declined 3% YoY (+19% QoQ) to EGP667 million in 2Q24. During 1H24, net profit increased by a mere 1% to EGP1.23 billion. SKPC is currently trading at 2024e PE of 5.1x and EV/EBITDA of 4.1x.AMOC released 4Q23/24 unaudited financial indicators. Net profit before minority interest increased by 62% YoY (+12% QoQ) to EGP441 million in 4Q23/24. During FY23/24, net profit before minority interest grew by 28% YoY to EGP1.75 billion in FY23/24. AMOC is currently trading at FY23/24e PE of 6.6x and EV/EBITDA of 5.9x.Singapore-based chemical company Indorama — in partnership with Phosphate Misr — is building a USD400-500 million phosphate fertilizer plant in Ain Sokhna, according to an Oil Ministry statement. OCDI reported solid 1H24 sales of EGP10.9 billion, up 33.8% y/y. Net profit in 2Q24 reached EGP235.4 million, up 59.3% y/y and down 39.7% q/q, bringing 1H24 net profit up 86.7% y/y to EGP625.5 million.According to local media, EAST is investing an initial USD20 million to raise the efficiency of its production lines. The company may add three new production lines in the long term.The Financial Regulatory Authority (FRA) has updated its rules governing the listing and delisting of special purpose acquisition companies (SPACs) on the EGX.The FRA issued new rules to limit insider trading that prohibit company insiders, including board members, executives, and major shareholders owning 20% or more of a company's capital, from trading during the five working days before and one day after the disclosure of any significant information. Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 81.1 | -1.8% | Diesel-HSFO Spread, USD/ton | 253 | -5.9% | Egypt Urea, USD/ton | 365 | 8.0% | Polyethylene, USD/ton | 1,060 | 0.0% | Polypropylene, USD/ton | 1,000 | 0.0% | Iron Ore 65%, USD/ton | 124 | -1.0% | Steel/Iron Ore Spreads, USD/ton | 392 | 0.0% | LME Copper Cash Price, USD/ton | 8,996 | -2.0% | LME Aluminum Cash Price, USD/ton | 2,234 | -2.6% | Egyptia Retail Cement, EGP/ton | 2,144 | 0.6% | Steam Coal FOB Newcastle Australia, USD/ton | 135 | -0.2% | SMP, USD/MT | 2,566 | 0.0% | Last price may vary week over week in some indices due to time difference

The IMF Executive Board has added the third review of Egypt's USD8 billion loan program — set for 29 July — back to its calendar.Egypt paid USD3 billion to the IMF in 1H2024 and intends to pay another USD257 million until the end of July.It is possible there were some malfunctions or increased pressure on the electricity grid due to the continued heatwave, which may have led to power cuts, Electricity Ministry spokesman said, as blackouts continue despite the promise of pause.COMI (FV: EGP100, OW) recorded a strong set of results where 2Q24 net profit post-minority interest recorded EGP15,623 million (+31% q/q, +96% y/y), bringing 1H24 bottom line to EGP26,547 million (+96% y/y). The stock is trading at P/E 2024 of 5.8x and P/B 2024 of 1.8x.Brokerage firms looking to trade carbon certificates must have a minimum issued and paid-up capital of EGP15 million to get the greenlight from the Financial Regulatory Authority.The Madbouly government is considering raising the price of subsidized fertilizers by 30% to EGP6,250/ton, according to local press.EMFD (FV: EGP6.74, OW) EGM approved the proposed acquisition of Albro North Coast for Developments and Sky Tower for Real Estate Development.Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 82.6 | -2.8% | Diesel-HSFO Spread, USD/ton | 269 | -6.5% | Egypt Urea, USD/ton | 338 | 0.0% | Polyethylene, USD/ton | 1,060 | 0.0% | Polypropylene, USD/ton | 1,000 | 0.0% | Iron Ore 65%, USD/ton | 126 | -0.8% | Steel/Iron Ore Spreads, USD/ton | 389 | 0.0% | LME Copper Cash Price, USD/ton | 9,179 | -5.6% | LME Aluminum Cash Price, USD/ton | 2,295 | -5.0% | Egyptia Retail Cement, EGP/ton | 2,131 | 0.0% | Steam Coal FOB Newcastle Australia, USD/ton | 135 | 0.9% | SMP, USD/MT | 2,566 | -0.8% | Last price may vary week over week in some indices due to time difference

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The Oil Ministry is studying the possibility of leasing another floating storage regasification unit (FSRU) in Ain Sokhna to meet the need for additional quantities of natural gas.The Oil Ministry aims to drill 110 exploratory wells for gas and oil, with a total investment of USD1.2 billion during FY 2024/25. It is also planning to drill 586 exploratory wells for gas and oil, with a total investment of USD7.2 billion until 2030.EGPC contracted to import fuel shipments of diesel and butane in quantities approaching 550k tons to be delivered this month, a government official said, adding that the contracted diesel shipments amount to about 380k tons to meet the market's needs.The General Authority for Investment and Free Zones (GAFI) has requested the New Urban Communities Authority (NUCA) to allocate plots of land for the establishment of three new investment zones.China's Zhejiang Hengsheng Dyeing and Finishing Company has laid the foundation stone for its dyeing, processing, and textile manufacturing project in the Suez Canal Economic Zone's West Qantara Industrial Zone, with investments amounting to USD 70 mn.Minister Moustafa Madbouly issued a directive forming the Economic Ministerial Group. Headed by Madbouly, the group will include Central Bank Governor Hassan Abdalla, Planning and Economic Development Minister Rania Al Mashat, Finance Minister Ahmed Kouchouk — who will serve as the group's spokesperson — Supply Minister Sherif Farouk, and Investment and Foreign Trade Minister Hassan El Khatib.Gold production was up nearly 16.5% y-o-y to 559k oz in the last fiscal year.The government intends to expand the “golden license” system, to be available for the first time to large projects working in agricultural exports, alongside their industrial counterparts.The European Bank for Reconstruction and Development (EBRD) plans to provide financing worth USD705 million into a number of Egyptian banks during 2H2024.The Egyptian Stock Exchange issued rules for trading carbon emissions reduction certificates and futures contracts for the first time.EAST raised prices of its first segment by EGP0.22, bringing the pack price to EGP34.72, which corresponds to the maximum price limit set for this segment.HELI (FV: EGP18.84, OW) and MASR (FV: EGP5.24, OW) signed the contract to co-develop HELI's 491 feddan land plot in New Heliopolis. SWDY (FV: EGP44.88, EW) announced that its sister company, El Sewedy Cables Qatar, has signed an EPC contract with KAHRAMAA Qatar Power Transmission System Expansion to supply and install 132kV power cables for Strategic Projects over three years with a value exceeding QAR1 billion (c. USD270 million). A number of cement companies have addressed the Egyptian Competition Authority to request an extension of the decision to reduce production for an additional year, with the aim of helping companies deal with the shrinking demand in light of the decline in individual construction activities.ACDIMA revealed that EIPICO 3 operations are expected to commence by the end of this year with investments reaching EGP5 billion post devaluation (compared to a previous estimate of EGP2.7 billion). Fifteen molecules have been registered so far.  Weekly Commodities UpdateLast Price | WoW Change, %Brent, USD/bbl | 85.0 | -1.7%Diesel-HSFO Spread, USD/ton | 287.1 | -4.1%Egypt Urea, USD/ton | 337.5 | 0.0%Polyethylene, USD/ton | 1,060.0 | 1.0%Polypropylene, USD/ton | 1,000.0 | 0.5%Iron Ore 65%, USD/ton | 127.3 | -1.3%Steel/Iron Ore Spreads, USD/ton | 386.5 | 0.0%LME Aluminum Cash Price, USD/ton | 2,415.9 | -2.5% Eyptian Retail Cement, EGP/ton | 2,132.0 | 0.9% Steam Coal FOB Newcastle Australia, USD/ton | 133.9 | -1.4%SMP, USD/MT | 2,586.0 | 0.0%

Egypt's net international reserves rose to USD46.4 billion at the end of June, surpassing the previous record high of USD46.1 billion posted a month earlier.Non-oil trade deficit declined by 22.9% during 1Q24 to record about USD6.4 billion.The African Development Bank estimates Phase 3 of the water waste treatment plant in Al-Jabal Al-Asfar at about EUR510 million that will be financed by the bank, the French Development Agency, and the European Commission.Egypt is looking to attract new Turkish investments worth USD1 billion within 18 months in various sectors, including clothing, and home and electrical appliances.The World Bank's International Center for the Settlement of Investment Disputes (ICSID) last week dismissed claims brought against the Egyptian government by UAE-based CTIP Oil & Gas Investment Limited. The Emirati firm was looking to receive an EGP3 billion — equivalent to USD62.4 million at current exchange rates– settlement from the government to make up for alleged damages filed by the company. Arrears owed by the Electricity Ministry to various government sectors rose to EGP114 billion at the end of May, up from around EGP100 billion in 1Q24.Some 379.8 million shares of SWDY's (FV: EGP44.88, EW) shareholders, representing 17.5% of the company's total shares, responded to Electra's share purchase offer. A consortium of Egyptian and Chinese companies, that includes Arab Contactors and ORAS, will soon start work on the third phase of the electric light rail transit (LRT) project, with a total investment of USD550 million.The Qatar Islamic Bank (QIB) has backed out of the race to acquire Central Bank of Egypt-owned lender United Bank after the two parties failed to agree on a valuation for the bank. Fertilizer companies are looking to defer loan payments amid production cuts triggered by repeated halts in production due to unstable natural gas supplies amid nationwide shortages.Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 86.5 | 0.2% | Diesel-HSFO Spread, USD/ton | 299 | -4.4% | Egypt Urea, USD/ton | 338 | 0.0% | Polyethylene, USD/ton | 1,050 | 0.0% | Polypropylene, USD/ton | 995 | 0.0% | Iron Ore 65%, USD/ton | 130 | 2.5% | Steel/Iron Ore Spreads, USD/ton | 385 | -1.0% | LME Copper Cash Price, USD/ton | 9,795 | 3.6% | LME Aluminum Cash Price, USD/ton | 2,478 | -0.4% | Egyptia Retail Cement, EGP/ton | 2,114 | 1.9% | Steam Coal FOB Newcastle Australia, USD/ton | 136 | 1.7% | SMP, USD/MT | 2,586 | -6.5% | Last price may vary week over week in some indices due to time difference

El Gouna Land Sale Unlocks Massive Value and Reconfirms ORHD as Our Sector Top PickORHD sold a 145k sqm land plot at the backend of El Gouna for EGP1.5 billion, implying a price of USD225/sqm. This is highly positive from both a valuation perspective and an earnings perspective. If we apply the USD225/sqm price to both back and midway land in our valuation, our FV would accordingly increase from EGP26.26/share to EGP32.69/share. Egypt welcomed a record 7.1 mn tourists in 1H 2024, ever so slightly inching above the previous record in the first half of last year. Egypt received the first shipment of natural gas out of 21 shipments that were contracted to continue at intermittent intervals during the remaining months of the summer in order to avoid blackouts.The government has reverted to planned two-hour power outages as of yesterday, instead of three hours. The two-hour planned outages will take place between 3pm to 7pm.Minister of International Cooperation revealed investment guarantees provided by the EU worth EUR1.8 billion through the European Fund for Sustainable Development (EFSD), within the financing package worth EUR7.4 billion, which would enhance FDIs worth EUR11 billion in priority sectors. German carmaker Volkswagen is interested in helping develop a shared production facility in the East Port Said Industrial Zone.The Sovereign Fund of Egypt has drawn in some EGP52 bn in local investments and around USD5.1 bn in foreign investments over the past 4 years.The General Authority for Freezones and Investment has issued 31 golden licenses to local and foreign investors in Egypt since December 2022.Apex International Energy has allocated more than USD100 million to implement its operations in Egypt in 2024.Act Financial is kicking off its IPO procedures today in an event held alongside IPO manager Zilla Capital. The company has set the final IPO price at EGP2.90/share, while an independent financial advisor to the transaction, set the fair value price at EGP3.63/share.Valu, HRHO's consumer finance arm, finalized it's 10th securitization issuance worth EGP1.2 bn, under a securitization program of EGP9.0 bnSAUD will provide Raya Holding subsidiary Raya Information Technology with a credit facility of up to EGP550 mn or its equivalent in FC.CI Mortgage, CICH's arm is negotiating with two banks to receive financing facilities worth EGP400 mn to use in acquiring new customers. Qalaa Holdings' TAQA is negotiating with clients in the tourism, industrial and agricultural sectors about proposed projects to produce 150 MW of solar energy in Egypt.Egypt has started receiving import offers for liquified ethane gas for the first time in favor of petrochemicals companies.The National Tunnels Authority (NTA) has kicked off procedures to take out a loan of up to EGP74 billion from a syndicate of ten local banks. The Arab Organization for Industrialization and TMGH will work to localize elevator manufacturing under an agreement signed with Schindler.Egyptian real estate developer Al Ahly Sabbour is in talks with advisors regarding plans to go public on the EGX.Auto sales inched up 10.8% MoM in May to 6.3k vehicles.Weekly Commodities UpdateLast Price | WoW Change, %Brent, USD/bbl | 85.7 | 1.4%Diesel-HSFO Spread, USD/ton | 313.1 | 1.2%Egypt Urea, USD/ton | 337.5 | 0.0%Polyethylene, USD/ton | 1,050.0 | 1.0%Polypropylene, USD/ton | 995.0 | -0.5%Iron Ore 65%, USD/ton | 126.5 | 0.4%Steel/Iron Ore Spreads, USD/ton | 387.8 | -1.0%LME Aluminum Cash Price, USD/ton | 2,487.8 | 0.9%Egyptian Retail Cement, EGP/ton | 2,075.0 | -1.3%Steam Coal FOB Newcastle Australia, USD/ton | 133.5 | 1.1%SMP, USD/MT | 2,766.0 | 0.0%

The Japan International Cooperation Agency (JICA) will soon disburse a USD300 million tranche from its USD733 million loan to finance the construction of the first phase of Cairo Metro Line 4. The Ministry of Electricity and Energy and the Ministry of Petroleum and Mineral Resources announced that the duration of power cuts nationwide will be extended by one hour on Sunday and Monday.The USD rose above 48 EGP for the first time since April, jumping by around EGP0.70 yesterday. The rate settled at EGP48.20 by the end of the day at the Central Bank of Egypt.The value of “electronic payment and collection” services increased by 19% during 11MFY2023/24, recording about EGP2.5 trillion.Egypt's natural gas production decreased by 5% during last April, reaching 4.26 billion cubic meters. At the same time, gas consumption in Egypt decreased by 4.5% during April, reaching 5.02 billion cubic meters.The court rejected the lawsuit filed by EGTS regarding the 20.0 million sqm third phase Sahl Hasheesh land plot. Beltone Holding is revamping its Beltone Trading App into an investment fund platform with a new fully digital onboarding process and is planning to apply for approval from the FRA in July. The company has also applied for new low-, medium-, and high-risk funds, ranging from fixed-income to equity funds. The company has also applied with the FRA for a new fund tracking the newly introduced EGX33 Shariah index.QNB Al Ahli, the Egyptian unit of Qatar National Bank (QNB Group), will be rebranding to QNB.Arkan Palm and Intercontinental Hotels Group (IHG) will establish a Holiday Inn Express hotel in Arkan Palm's 205 project in West Cairo. Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 85.2 | 3.2% | Diesel-HSFO Spread, USD/ton | 313 | 4.1% | Egypt Urea, USD/ton | 338 | -4.9% | Polyethylene, USD/ton | 1,040 | 0.0% | Polypropylene, USD/ton | 1,000 | 0.5% | Iron Ore 65%, USD/ton | 126 | -1.1% | Steel/Iron Ore Spreads, USD/ton | 389 | 1.0% | LME Copper Cash Price, USD/ton | 9,548 | -0.7% | LME Aluminum Cash Price, USD/ton | 2,465 | 0.1% | Egyptia Retail Cement, EGP/ton | 2,102 | 3.0% | Steam Coal FOB Newcastle Australia, USD/ton | 132 | -0.8% | SMP, USD/MT | 2,766 | 1.6% | Last price may vary week over week in some indices due to time difference

The Head of EBRD in Egypt said that the bank has pumped USD500 million into Egypt YTD, and expects the bank's financing to reach USD1.2 billion by year-end.The Cabinet has turned down a proposal from the Supply Ministry to raise the price of subsidized sugar to EGP18 from EGP12.6 per kilo.The government will not be importing sugar for a while and the private sector is expected to import some 250k tons of sugar over the next three months.Suez Canal revenue continued to decline in May, falling some 64.3% YoY to record USD337.8 million.Egyptian banks' holdings of sovereign debt are about 554% of their capital.The Finance Ministry will release its 2024-2030 tax policy document for public consultation in the coming weeks.Egypt is preparing to assess the final numbers of immigrants, refugees, and foreigners, as well as their geographical distribution in the country, and their economic impact, during the coming year.The Head of the Pharmaceuticals Division at the Federation of Chambers of Commerce expects an increase in the prices of pharmaceutical products by the end of July with the new production being manufactured, indicating that the average increases are between 20% and 25%.We updated our FV for SWDY to EGP44.88/share, up from the previous EGP34.96/share. SWDY is trading at FY24e P/E of 7.9x and EV/EBITDA of 4.0x. ESRS's (FV: EGP97.02, OW) general assembly approved the decrease of the company's capital by writing off 910,481 treasury shares with a face value of EGP4.6 million.Egypt's aluminum exports surged 15% YoY to USD259 million in 4M 2024. We raised our FV of EFIH to EGP35.35/share, up from EGP23.50/share. EFIH is currently trading at 2024f P/E of 22.9x and EV/EBITDA of 15.1x.EKHO sent a release announcing the resumption of the gas supply and operations at the factories of its subsidiary, AlexFert, after the natural gas network pressure stabilized.EGCH announced that the subscription for the second phase of the remaining shares, amounting to 3,381,420 shares, was covered 23x with an allocation ratio of 0.04 for each share.CIRA is considering borrowing around EGP600 million from the National Bank from Egypt to partially finance the establishment of the first phase of Saxony University.MASR (FV: EGP5.24, OW) is partnering with CIRA's subsidiaries, Al Ahly CIRA and Eduhive, to establish Lemania Swiss International School in Taj City, and is collaborating with Blue Ribbon to establish Klub Kayan in Taj City.Investment management firm Act Financial will begin trading on the EGX by the last week of July, following the closure of the subscription period on 23 July. Act Financial is to offer around 32% of the company by offering around 360 million shares at an IPO price of EGP2.9/share.Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 79.6 | -2.5% | Diesel-HSFO Spread, USD/ton | 269 | 0.4% | Egypt Urea, USD/ton | 343 | 5.4% | Polyethylene, USD/ton | 1,030 | 0.0% | Polypropylene, USD/ton | 995 | 1.0% | Iron Ore 65%, USD/ton | 128 | -3.0% | Steel/Iron Ore Spreads, USD/ton | 385 | 2.0% | LME Copper Cash Price, USD/ton | 9,638 | -2.8% | LME Aluminum Cash Price, USD/ton | 2,521 | -3.3% | Egyptia Retail Cement, EGP/ton | 2,040 | 0.0% | Steam Coal FOB Newcastle Australia, USD/ton | 132 | -7.7% | SMP, USD/MT | 2,722 | 3.5% | Last price may vary week over week in some indices due to time difference

Saudi Public Investment Fund's (PIF) telecom infrastructure subsidiary, Tawal, is looking to buy several telecom towers from Vodafone Egypt and another undisclosed telecom company. Supply Minister has proposed hiking the price of subsidized sugar to EGP18 from EGP12.6 per kilo. The proposal has not been approved yet by the government.The CBE will auction USD500 million worth of one-year USD-denominated treasury bills with the submission deadline penciled in for 11 AM today.A number of foreign companies are examining investment opportunities in the healthcare sector.The Ministry of Transport, represented by the Egyptian National Railway Authority, will begin evaluating five Egyptian and international alliances, with a total of 12 companies, competing to seize business with a total value approaching EUR403 million.JUFO reported outstanding 1Q24 net profit of EGP479 million (+191.8% YoY,+237.6% QoQ). JUFO is currently trading at P/E24 of 9.6x  . We upgraded our FV for ORWE to EGP30.01/share, maintaining our Overweight recommendation. ORWE is currently trading at P/E24 of 4.8x.DSCW reported 1Q24 attributable net profit of EGP118 million (+613.4% YoY, -3.1% QoQ). DSCW is currently trading at  P/E24 of 5.5x. AMIC released its numbers for April 2024, showing an increase in auto market sales by 11.0% YoY to record 5.7K units driven mainly by a jump in PC sales by 65.5% MoM and 18% YoY.HELI (FV: EGP18.84, OW) reported 1Q24 revenue of EGP239.3 million, up 163.2% y/y and down 98.4% q/q, and 1Q24 net profit of EGP748.5 million, up 3755.4% y/y and down 90.4% q/q. The Iraqi Ministry of Health is holding discussions with Egyptian contractors to take part in revamping 12 hospitals with an estimated cost of USD480 million.EFIC released 1Q24 consolidated net income of EGP428 million (+93% YoY, +132% QoQ). EFIC is currently trading at a PE24 of 4.4x.CCAP shareholders have until 5 June to subscribe to the first phase of the company's debt buyback. Shareholders who wish to participate are required to pay EGP0.6776 per share.OPEC+ agreed to extend production cuts until 2025 — cuts of 3.66 million barrels a day will be extended until the end of 2025, while voluntary cuts of 2.2 million barrels a day will run through the end of Sep.North Petroleum International Company (NPIC), the Egyptian arm of China's Zhen Hua Oil, will invest some USD78 million to increase production from its Western Desert's East Ghazalat concession.British energy company Harbour Energy signed an agreement to finalize the acquisition of Wintershall Dea's upstream assets in Egypt.SWDY Board of Directors appointed BDO Keys Financial Consulting as an independent financial advisor to prepare a FV Report for the stock in light of FRA's decision on 30 May 2024.FAIT 1Q24 consolidated net profit recorded an impressive EGP6.2 billion (+179% y/y, +851% q/q). We keep our Equalweight recommendation on FAIT on an updated FV of EGP40.00/share. The stock is currently trading at P/E24 of 3.3x.EFG Hermes One, HRHO's subsidiary, has signed a partnership agreement with PayTabs Egypt. Weekly Commodities Update Last Price | WoW Change, %Brent, USD/bbl | 81.6 | -0.6%Diesel-HSFO Spread, USD/ton | 267.6 | -3.5%Egypt Urea, USD/ton | 325.0 | 2.4%Polyethylene, USD/ton | 1,030.0 | 0.0%Polypropylene, USD/ton | 985.0 | 1.1%Iron Ore 65%, USD/ton | 132.9 | -1.8%Steel/Iron Ore Spreads, USD/ton | 378.1 | 2.0%LME Aluminum Cash Price, USD/ton | 2,607.1 | -0.4%Egyptian Retail Cement, EGP/ton | 2,039.0 | -0.4% Steam Coal FOB Newcastle Australia, USD/ton | 142.4 | -0.3%SMP, USD/MT | 2,629.0 | 0.0%

The CBE's Monetary Policy Committee is meeting on Thursday 23rd May to decide on interest rates. We expect the CBE to keep rates unchanged in its upcoming meeting, as our forecasted inflation readings for the upcoming period suggest that there is a disinflation path that is expected to be maintained during most of the upcoming months of the year, gradually eroding the negative real interest rate area. Egypt's 5-year CDS rates fell during Friday trading to record 5.45%, the lowest level since last March.The House Budget Committee approved a government-drafted bill that unlocks some EGP 320 bn, which would help the government increase spending on social support programs, reduce the impact of higher interest rates, support the float of the EGP, and manage rising wheat and oil prices.Egypt aims to sell land and housing units in USD to Egyptians working abroad and foreigners at a value of USD6 billion in 2024.UAE-based Electra Investment Holding has submitted a draft voluntary purchase offer for 24.5% stake in SWDY. Offer is for cash price of USD1.05/share. SWDY is currently trading at FY24 P/E of 8.2x and EV/EBITDA of 4.0x.MFPC released 1Q24 unaudited financial indicators. Net profit increased by 95% YoY to EGP7.6 billion. due to the Egyptian Pound devaluation and booking FX gains. The comparative period results are the standalone ones, which are lower than the figures reported in the company's consolidated financials. MFPC is currently trading at a 2024e P/E of 14.6x and EV/EBITDA of 10.1x.CCAP sent a release announcing the details of debt purchase after the FRA requirements and highlighting that it has enabled the participation in purchasing the external debt in Egyptian Pounds.TAG Oil Ltd. has released initial production test results from its BED4-T100 horizontal well, showcasing impressive oil output. Located in the Badr Oil Field of Egypt's Western Desert, the T100 well achieved a production rate of 800 barrels of oil per day (BOPD).ISPH reported 1Q24 results. Net profit stood at EGP98.1 million (+35.3% YoY, +147.7% QoQ) in 1Q24. ISPH is trading at 2024f P/E of 13.5x and EV/EBITDA of 3.9x.RACC reported 1Q24 results. Net profit came in at EGP109.7 million (+143.7% YoY).GBCO announced yesterday the exclusive distributorship of the Jac & Foton Motors brands in Iraq, through its GQ subsidiary.GB Logistics, an integrated division of GBCO, has launched a bonded warehouse services at its facility in Sadat City. BTFH subsidiary Cash for Microfinance has signed a cooperation protocol with Italian consultant Microfinanza Italia to set up a EUR2.2 mn project aimed at empowering Egyptian entrepreneurs. BINV is planning investments worth EGP3 billion within the healthcare and pharma sectors in addition to the food and beverages sector. Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 84 | 1.4% | Diesel-HSFO Spread, USD/ton | 300 | 4.3% | Egypt Urea, USD/ton | 298 | -1.3% | Polyethylene, USD/ton | 1,030 | 0.0% | Polypropylene, USD/ton | 975 | 0.0% | Iron Ore 65%, USD/ton | 134 | 1.1% | Steel/Iron Ore Spreads, USD/ton | 376 | -2.0% | LME Copper Cash Price, USD/ton | 10,598 | 7.1% | LME Aluminum Cash Price, USD/ton | 2,560 | 3.1% | Egyptia Retail Cement, EGP/ton | 2,054 | -0.2% | Steam Coal FOB Newcastle Australia, USD/ton | 142 | -2.0% | SMP, USD/MT | 2,551 | 0.0% | Last price may vary week over week in some indices due to time difference

Egyptian Banks Report Extraordinary 1Q24 Results Amid Surging Interest Rates; Upside Potential Is Hard to Ignore As highlighted before, post the recent 600 bps increase in policy rates and the EGP devaluation, we expect another year of exceptional profits with impact starting to appear in 1Q24, spearheaded by COMI and ADIB, supported by:1)Strong Interest income, driven by:•Stronger NIMs.•Balance sheet expansion with the weakness in local currency, high inflation, and FC availability which entices LC lending. 2)Strong non-interest income, driven by:•Stronger FX gains.•Higher net fees and commission income, associated with improved trade finance activity.Egyptian banks are delivering ROEs north of 30%, and most of them are trading below book values while being well provisioned.We believe those banks present the best value, trading at cheap valuations with good fundamentals: ADIB, QNBA, HDBK, EXPA, and CIEB along with COMI.Suez Canal revenues declined about 57% during January to 12 May, decreasing to USD1.576 bn compared to USD3.66 bn in the same period last year, due to disruptions in the Red Sea.Three Malaysian companies reportedly intend to pump investments worth USD150 mn into the chemical industries and renewable energy sectors in Egypt.ADQ has delivered the second tranche of the USD35 billion Ras El Hekma agreement on Sunday. The tranche consists of USD14 bn fresh inflows and USD6 bn in the form of a previous UAE deposit at the CBE.Kuwaiti real estate player Urbnlanes Developments and the British IHG Hotels & Resorts will set up two new hotels in Egypt with combined investments of USD85 million. To open their doors in 2028.The Sovereign Fund of Egypt will be touring the Gulf next month to drum up investment.The Planning Ministry is looking into launching an industry-focused sub-fund under the SFE.Banque Misr and NBE are considering stopping the issuance of one-year high-yield certificates of deposit (CDs) that were issued at the start of the year.FWRY reported positive 1Q24 results: Net profit came in at EGP307 million (+149% YoY, +34% QoQ). Bottom line performance was attributed to: Strong revenue growth, margin expansion, and higher interest income. FWRY is currently trading at 2024f P/E of 19.9x.TMGH declared EGP0.22/share cash dividends (DY of 0.4%). Record date is 27 May-24. Distribution date of first EGP0.11/share installment is 30 May-24 and second installment is 31 Jul-24.ZMID declared EGP0.15/share cash dividends (DY of 2.5%). Record date is 27 May-24. Distribution date of first EGP0.05/share installment is 30 May-24 and second installment is 29 Aug-24.SWDY is to distribute cash dividends of EGP0.50/share on 29 May-24 for shareholders on record on 26 May-24. DY is 1.4%.EGAL raised its selling prices by a range of EGP13-15k per ton in May, according to local media. Cleopatra Group plans to kick off operations at its new USD50 million ceramics factory in June.CANA released positive 1Q24 results where net profit pre-appropriations recorded EGP611 million (+144% y/y, -35% q/q). CANA is trading at the lowest multiples in our banks' coverage universe on P/E24 of 2.0x and P/B24 of 0.55x, on ROAE of 32%.CIRA's Board approved the collaboration with SEIC and Social Capital Impact to allow them to conduct due diligence. Weekly Commodities Update Last Price | WoW Change, %Brent, USD/bbl | 82.8 | -0.2%Diesel-HSFO Spread, USD/ton | 287.9 | 4.6%Egypt Urea, USD/ton | 302.0 | 0.0%Polyethylene, USD/ton | 1,030.0 | 0.0%Polypropylene, USD/ton | 975.0 | 0.0%Iron Ore 65%, USD/ton | 132.8 | 1.2%Steel/Iron Ore Spreads, USD/ton | 383.4 | 0.0%LME Aluminum Cash Price, USD/ton | 2,483.

The Central Bank of Egypt is auctioning off USD980 million worth of one-year t-bills.The government is reportedly looking to issue new legislation and incentives to make units offered in the New Administrative Capital's central business district more attractive to foreign investors.The government will soon announce the new licensing requirements for private sector-run freezones.Expats have transferred some USD767 million to the government under its car-for-FX scheme.The IMF report on the first and second reviews of the EFF with Egypt revealed high estimates of fuel subsidies during the current and next fiscal years.Egypt's chemical exports recorded USD456 million in March 2024 compared to USD696 million in March 2023.The Tourism and Finance Ministries agreed to launch a program offering subsidized loans at a 12% interest rate to local and foreign hospitality players looking to set up more hotel rooms in Egypt. ORHD (FV: EGP26.26, OW) and TMGH (FV: EGP73.80, OW) are potential beneficiaries.OCDI reported 1Q24 net profit of EGP390.1 million, up 108.3% y/y and down 52.7% q/q.EGTS reported FY23 net loss of EGP112.6 million, compared to FY22 net profit of EGP67.5 million.ZMID AGM approved 1) the distribution of EGP0.15/share cash dividends (DY of 2.3%) over two tranches and 2) the distribution of 0.89:1 stock dividends.CIRA released positive 1H23/24 results. Net income grew by 30.6% YoY to record EGP288 million.OIH released FY23 results, where it recorded a net loss of EGP161 million compared to a net profit of EGP522 million. OIH is currently trading at P/E24 of 12.3x and P/B24 of 0.7x.Egypt has moved one step higher in the financing sustainability ranking published by the IFC-backed Sustainable Banking and Finance Network (SBFN).Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 89.5 | 2.5% | Diesel-HSFO Spread, USD/ton | 309 | 2.9% | Egypt Urea, USD/ton | 302 | -7.9% | Polyethylene, USD/ton | 1,030 | 0.0% | Polypropylene, USD/ton | 975 | 0.0% | Steel/Iron Ore Spreads, USD/ton | 388 | 1.0% | LME Aluminum Cash Price, USD/ton | 2,540 | -4.5% | Egyptian Retail Cement, EGP/ton | 2,089 | -0.2% | Steam Coal FOB Newcastle Australia, USD/ton | 130 | -0.7% | SMP, USD/MT | 2,541 | 0.0% | Last price may vary week over week in some indices due to time difference

The CBE has increased cash withdrawal limits from EGP150k to EGP250k per day from banks, and from EGP20k to EGP30k per day from ATMs.World Bank expects Egypt's GDP growth to decline to 2.8% in FY2023/24 from 3.8% in FY2022/23, 0.7 percentage point drop from its previous forecast in January, exacerbated by the repercussions of the Middle East conflict on Suez Canal and tourism. Growth is expected to record 4.2% in FY2024/25.The Renewable Energy Authority and the Sovereign Fund of Egypt are planning to open up bidding for the second half of the Zafarana wind farm in the latter half of the year. The government unveiled its plans to build two solar power plants for EGPC worth over EGP1 billion, to be financed by a grant from the EU.Egypt's fuel imports increased to USD3.3 billion during 1Q24, an increase of 6% compared to the corresponding quarter of last year.ESRS (FV: EGP97.02, OW) reported its 4Q23 and FY23 consolidated financial results with solid operational performance. Net attributable income came in at EGP1.0 billion in 4Q23, 82% higher YoY, and reversing 3Q23 loss of EGP508.8 million. This brings FY23 attributable loss to EGP113.0 million vs. a net profit of EGP4.3 billion in FY22. ESRS is currently trading at FY24e P/E of 1.4x.ESRS's Board of Directors is holding an extraordinary general assembly to consider reducing the company's capital through retiring treasury shares worth EGP910.5 million.Qalaa Holdings (CCAP) has signed a debt settlement agreement with Banque Misr, Banque du Caire, Arab African International Bank, and Al Ahli Bank of Kuwait whereby Qalaa settles the entirety of its debts for a total of EGP4.547 billion as follows:1.            Selling 239.1 million shares, representing 17.68% of TAQA Arabia, with Qalaa retaining the right to repurchase those shares within five years, and the banks having the right to resell those shares to Qalaa in the sixth year.2.            A registered 60,127 sqm land plot overlooking the Nile in Tibeen area.3.            Compensations for variations in exchange rate and stock prices. MOPCO clarified that the merged company net profit on 31 December 2023 was EGP3.59 billion, and the net profit of the merging company was EGP5.97 billion in the same period. It added that the merged company net profit was reported in the equity section of the merging company financial statement in FY23. Local free market urea prices increased from EGP16k to EGP20k per ton during the last month with the start of the summer cultivation season.Petrotreatment is planning to float its shares on EGX during the coming period.HELI (FV: EGP18.84, OW) expects to complete its financial assessment of the three offers it received from Hyde Park Developments, MASR (FV: EGP5.24, OW), and Mountain View to co-develop 500 feddans in New Heliopolis before the end of April 2024 in preparation for selecting an offer.DOMT shareholders approved cash dividend distribution of EGP0.50/share to be distributed in May 2024. This implies a dividend payout of 31% and dividend yield of 4.2%. Weekly Commodities Update|Last Price | WoW Change, % Brent, USD/bbl | 90.5 | -0.8% Diesel-HSFO Spread, USD/ton | 363.1 | -5.3% Egypt Urea, USD/ton | 328.0 | 0.0% Polyethylene, USD/ton | 1,030.0 | 0.0% Polypropylene, USD/ton | 970.0 | 0.0% Steel/Iron Ore Spreads, USD/ton | 394.1 | -3.3% LME Aluminum Cash Price, USD/ton | 2,448.1 | 1.5% Egyptia Retail Cement, EGP/ton | 2,095.0 | -0.1% Steam Coal FOB Newcastle Australia, USD/ton | 129.3 | 0.1% SMP, USD/MT | 2,550.0 | 0.0% Last price may vary week over week in some indices due to time difference

The National Council of Wages raised the minimum wage for private sector workers by 71% to EGP6,000 starting in May.The Central Bank of Egypt is looking into imposing fines on importers who refuse to move their goods from ports even after receiving the required FX to do so.The Libyan Investment Authority is reportedly looking into acquiring a majority stake or 100% of an unnamed Egyptian commercial bank.The proceeds of FX concessions at three exchange companies affiliated with the three largest government banks recorded EGP11.246 billion since the liberalization of the FX rate on 6 March.According to local media, HELI (FV: EGP18.84, OW) received offers from Hyde Park Developments and La Vista Developments to co-develop 500 feddans in New Heliopolis. We remind you that HELI had also received an offer from Mountain View at the end of February 2024 to co-develop 517 feddans in New Heliopolis and an offer from MASR (FV: EGP5.24, OW) at the beginning of March 2024 to co-develop 580 feddans in New Heliopolis.EFIH is distributing cash dividends of EGP0.19/share (DPO: 28%, DY: 0.8%). Record date is on 24 April 2024 and distribution date is on 30 April 2024.OLFI's general assembly approved the proposed cash dividend distribution of EGP0.95/share, implying a payout ratio of 81% and a DY of 8.5%.GBCO declared cash dividends of EGP0.20/share, implying a payout ratio of 11.5% and a DY of 1.7%. Record date is on 21 April 2024 and distribution date is on 24 April 2024.KIMA is increasing its issued and paid-in capital through a rights issue from EGP5.9 billion to EGP9.9 billion by EGP4 billion distributed over 800 million shares at a par value of EGP5/share in addition to EGP0.05/share as issuance expenses.The Egyptian Drug Authority (EDA) is allowing companies to place two prices on packages, one for sale in the local market and the other for export.Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 91.2 | 4.2% | Diesel-HSFO Spread, USD/ton | 384 | 6.0% | Egypt Urea, USD/ton | 328 | -1.4% | Polyethylene, USD/ton | 1,030 | -1.0% | Polypropylene, USD/ton | 970 | 0.0% | Steel/Iron Ore Spreads, USD/ton | 405 | -2.0% | LME Aluminum Cash Price, USD/ton | 2,413 | 5.1% | Egyptian Retail Cement, EGP/ton | 2,097 | -0.4% | Steam Coal FOB Newcastle Australia, USD/ton | 129 | 0.0% | SMP, USD/MT | 2,517 | 0.0% | Last price may vary week over week in some indices due to time difference

The Prime Minister approved a new EGP120 billion program of subsidized loans for manufacturers in freezones as well as agriculture and renewable energy companies.The European Union is looking to deliver the first tranche, EUR1 billion, of the bloc's pledged EUR5 billion of concessional loans as part of its EUR7.4 billion package to Egypt before next summer.Merchandise circulation in the ports returned to normal levels after periods of accumulation and decreased to USD1.8 billion.The EU-Egypt Investment Conference is now penciled in for June, EU Ambassador to Cairo said. The conference, originally scheduled for May, is expected to bring together some 450 European companies.President El Sisi called for the swift completion of the required legislative steps to facilitate the participation of the private sector in the country's healthcare sector, the President said during a meeting.Russian company Infinity intends to invest USD1 billion in Egypt in the mining sector, after announcing a global auction for gold carried out by Shalatin Mineral Resources Company.The British Pharos Energy received USD10 million of its arrears from EGPC, in addition to USD5.7 million during 2023, which is equivalent to 26.7% of its dues by the end of 2023, amounting to USD37.4 million.JUFO released 4Q23 financial indicators. Attributable net profit recorded EGP141 million in 4Q23 (-56.1% YoY, -13.7% QoQ). This brings FY23 attributable net profit to EGP1.0 billion (+60.0% YoY). JUFO is currently trading at 2024f P/E of 9.8x and EV/EBITDA of 5.2x.JUFO's BoD proposed cash dividends distribution of EGP0.20/share, implying payout ratio of 18.4% and a dividend yield of 1.2%. Negotiations between SKPC and Ethydco for a merger are resumed after receiving the approval of ADQ for a share swap. The merger is expected to be finalized in 3Q24. ADES targets to complete drilling six oil wells in Ras Ghareb during 2H24.COMI (FV: EGP100, OW) is to distribute cash dividends of EGP0.55/share, implying a DY of 0.7% and a payout ratio of 5.6% of 2023 net profit. Record date is 21 April 2024 while distribution date is 24 April 2024.AIH reported positive FY23 results where net consolidated attributable income stood at EGP90.16 million (+28% y/y). AIH is currently trading at P/E24 of 8.4x and P/B24 of 0.8x.According to local media, Drive Finance, a subsidiary of GB Capital, owned by GBCO, is considering issuing a financing sukuk program worth EGP2 billion before the end of this year.  GBCO plans to start operating its car assembly plant in Sadat City by the beginning of 2025. MCQE's (FV: EGP22.36, EW) general assembly approved the proposed cash dividend distribution of EGP0.5/share for FY23 to be distributed in two equal installments. This implies a DY of 3% and payout ratio of 51%.Weekly Commodities Update |   | Last Price | WoW Change, % | Brent, USD/bbl | 87.5 | 2.4% | Diesel-HSFO Spread, USD/ton | 362 | -2.2% | Egypt Urea, USD/ton | 333 | -6.3% | Polyethylene, USD/ton | 1,040 | 0.0% | Polypropylene, USD/ton | 970 | 0.5% | Steel/Iron Ore Spreads, USD/ton | 408 | 3.0% | LME Aluminum Cash Price, USD/ton | 2,295 | 1.4% | Egyptian Retail Cement, EGP/ton | 2,106 | 0.0% | Steam Coal FOB Newcastle Australia, USD/ton | 129 | 1.1% | SMP, USD/MT | 2,517 | 0.0% | Last price may vary week over week in some indices due to time difference

This week DJ Briggs from BrightSideHometheater.com joins the show to discuss what he saw at CEDIA. We also read your emails and take a look at the week's news. News: Hisense upstages TCL by adding a gigantic 100-inch mini-LED TV 2023 CEDIA Expo Best of Show Winners Last week the Custom Electronic Design And Installation Association better known as CEDIA had their annual show in Denver CO. On today's show we will discuss some of the awards that were given out. CEDIA is the global industry association and central touch point for smart home technology, provides members with cutting-edge education, develops standards to ensure the highest levels of professionalism, and is the industry's only certifying body. CEDIA furthers collaboration with architects, designers, builders, and homeowners to deliver technology solutions that allow families to experience their best moments in life in the comfort of their own homes. Below are the awards from Residential System, TWICE and What Hi-Fi. We are not going through the entire list but we pick products that we feel our listeners not only are interested in but can afford to buy (well some of them anyway). We also have a bonus section where DJ Briggs of BightSideHomeTheater.com gives us his list of five things he thought were super cool. Check out his podcast to find out why he felt that way.  Residential Systems entries were judged through the lens of the residential integrator, while TWICE based theirs on a consumer electronics retail view and What Hi-Fi? from the home entertainment enthusiast perspective. Residential Systems Best of Show Awards Winners AWOL Vision AWOL Vision 150” 4K 3D RGB Laser Projector LTV-3500 Pro $6000 All the AWOL Vision laser projectors have been officially Dolby Vision certified by Dolby Lab The Dolby Vision feature can be activated by updating the incoming September 2023 version firmware wirelessly regardless of when you bought it.    True 3500 ANSI Lumens, the LTV-3500 UST projector is the brightest, triple-laser 4K UST projector on the market. Cinematic 3D Display With high enough brightness even during the day, LTV-3500 4k laser projector is the best choice for you. Paired with our ALR Day light projector screen, LTV-3500 delivers bright and sharp details even under high ambient light, no need for blackout curtains. The AWOL VISION UST 4K projector covers 107% of the top BT 2020 Color Gamut. It reaches 147% of DCI-P3 used for digital movie theater projection, giving you superior contrast and color accuracy.  Epson America, Inc. Epson EpiqVision Ultra LS800 4K PRO-UHD Ultra Short-Throw 3-Chip 3LCD Smart Streaming Laser Projector $3500 Picture sizes up to 150" in 16:9 Modern Low Profile Design 4K PRO-UHD Resolution¹ 3-Chip 3LCD Technology 10-Bit HDR Color 4,000 Lumens of Color & White Brightness² Over 2,500,000:1 Dynamic Contrast Ratio 2.1 Audio System by Yamaha Three HDMI 2.0 Ports (1 ARC) 16.7ms Input Lag – Ideal for Gaming Built-In Android TV³ Easy Setup App for iOS & Android 2-Year Limited Warranty Available in Black or White Ethereal 8 Meter Velox Passive HDMI Cable $240 Supports up to 48Gbps, 4K/120, 8K/60 & Dynamic HDR Advanced features in metallurgy, topology, dielectric and shielding 3mm Shield Strip-back - helps to reduce 6G jitter 100% Copper Shielding - reduces EMI Bypass ground - provides better return loss Conductors direct solder to connector Audio Return Channel (eARC and ARC) Grip-Lox™ terminal Furrion Aurora 2.1 Outdoor Soundbar Speaker with Wireless Subwoofer $770 Six speaker system with bass radiator for powerful sound output  130W of explosive, high-definition audio  Wireless 8" subwoofer to add more bass  Speaker Frequency response: 200Hz-18kHz  Subwoofer frequency response: 16Hz-256Hz  Multiple equalizer settings for customized audio tuning  Bluetooth® 5.0 enabled for easy pairing with TV and other mobile devices  HDMI and optical inputs for connecting devices  IP45-rated weatherproof housing to protect against the elements  Weatherproof remote control, HDMI ARC cable and mounting brackets included  Furrion Aurora Sun 4K UHD LED Outdoor Smart TV with HDR10 starting at $3000 Smart platform powered by webOS Hub allows for streaming your favorite apps, movies and shows 4K ultra-high definition  HDR10 Technology  Anti-glare, 1500-nit LED screen  RangeXtend™ external antennas for stronger WiFi signal IP54 rated, weatherproof housing Works with Furrion Aurora Soundbar, mounts & covers XtremeShield™ IK08-rated impact-resistant screen for protection against collisions and scratches Connects to Furrion soundbars via Bluetooth, HDMI or optical inputs HD Anywhere uControl Smart Remote  uControl is a smart home system that focuses on the things you do in your home everyday. From enjoying your favorite TV shows, immersing yourself in music or effortlessly changing the lighting to suit your mood, all from one unified, universal and unintimidating interface. PSB Speakers Alpha IQ Powered Speakers $1300/pr A simplified approach to audio, the Alpha iQ comes equipped with a built-in digital amplifier and BluOS streaming so you can access and control everything from streaming services and digital music collections to EQ settings and multi-room speaker management. A versatile addition to any home audio system, whether in a stereo set-up, home theater, TV speaker or as bookshelf speakers. ¾” (19mm) Aluminum dome tweeter with ferrofluid neodymium magnet 4” (100mm) Polypropylene mid-bass driver with steel basket and rubber surround Tuned port and DSP-enabled bass extension Built-in network streamer based on BluOS platform Audiophile-grade DAC supports resolution up to 24-bit/192kHz Supports Apple AirPlay 2, Bluetooth, Spotify Connect and Tidal Connect Sony Electronics BRAVIA XR 65” Class A95L QD-OLED 4K HDR Google TV $3500 65” $5000 77” Sony Electronics STRAZ5000ES Premium ES 11.2 CH 8K A/V Receiver $2100 Sony Electronics STRAZ7000ES Premium ES 13.2 CH 8K A/V Receiver $3300 Sony Electronics VPL-XW6000ES 4K HDR Laser Home Theater Projector with Native 4K SXRD Panel $12000 Sony Electronics VPL-XW7000ES 4K HDR Laser Home Theater Projector with Native 4K SXRD Panel $28000 StormAudio ISR Fusion 20 AV Receiver   Based on the award-winning ISP Elite MK3 platform, the Immersive Sound Receiver Fusion 20 is a 20-channels processor integrating 16 channels of the latest Edge amplification technology from Danish based ICE Power, exhibiting extremely low noise and distortion levels with 150W (8ohm) per channel, and up to 500W (8ohm) when bridged. TWICE Best of Show Awards Winners AWOL Vision AWOL Vision 150” 4K 3D RGB Laser Projector LTV-3500 Pro $6000 - see above Ethereal 8 Meter Velox Passive HDMI Cable $240 - see above Hisense 100″U8K  $10,000 See News Story Samsung 77” Class S95C OLED 4K TV $4200 Samsung 98” Class Neo QLED 8K TV (QN990C) $40000 Samsung 85” Class The Terrace 4K TV (Outdoor TV Full Sun) $20,000 Samsung HW-Q990C Soundbar 11.1.4 ch. Wireless Dolby ATMOS Soundbar $1600 Sony Electronics BRAVIA XR 65” Class A95L QD-OLED 4K HDR Google TV $3500 65” $5000 77” Sony Electronics VPL-XW6000ES 4K HDR Laser Home Theater Projector with Native 4K SXRD Panel $12000 Sony Electronics STRAZ7000ES Premium ES 13.2 CH 8K A/V Receiver $3300 Sony STRAZ3000ES Premium ES 9.2 CH 8K A/V Receiver $1700 Sony STR-AN1000 7.2 Channel 8K A/V Receiver $700 What Hi-Fi? Best of Show Winners Hisense L9H TriChroma Laser UST Projector  ($5500 - $6500) Trichroma™ Triple-Laser Light Engine 4K Resolution 25,000 hour lifespan Reaches over 1 billion colors (107% of BT.2020 color space) New Ambient Light Rejecting (ALR) Screen 3000 ANSI lumens brightness 2,000,000:1 Dynamic Contrast Ratio Google TV Dolby Vision / Dolby Atmos 3 HDMI (2 x 4K@120hz,1 x eARC) Smooth Motion and MEMC Game Mode ATSC 3.0 Wi-Fi 6e Wi-Fi 6e 40-Watt Built-in Speakers Sizes: 100” and 120” Availability: Summer 2023 Sony HT-S2000 3.1ch Dolby Atmos® Soundbar $300 The HT-S2000 soundbar delivers high-quality audio and an upscaled cinematic surround sound experience for all your content. Built for the Sony ecosystem, this soundbar solution is compatible with Sony SA-SW3, SA-SW5 subwoofers and SA-RS3S rear speakers and integrates fully with BRAVIA XR™ TVs. DJ Briggs CEDIA Wrap Top 5 Room Experiences (5) JVC (8 New Projectors 6 8K and 2 4K) Amazing 8K Picture Amazing 4K HDR Stewart Screen Great Next Gen (2) tone mapping (4) Sony 7000 Projector and 7000 Receiver Fantastic Overall Experience No Amps 4 ohm Kef Speakers  No Video Processing 180” firehawk 1.3 gain Stewart Screen $68K for EVERYTHING in the room (3) SVS No roof PB 16 Ultras ($2900) ROCKED the Media Floor Bang & Olufsen right next to them and they were drowning them out and they were IN A ROOM and B&O was in the open

According to the World Economic Forum, between 75 and 199 million tons of plastic waste are floating in and polluting the world's oceans. The 5 Gyres Institute reports that the volume of plastic entering the seas doubles every six years. There are genuine efforts to develop circular, sustainable packaging amid waves of greenwashing claims. Meet Vanessa Coleman, CEO of Oceanworks, which collects ocean plastics for recycling that it sells to companies committed to using post-consumer recycled, or PCR, plastics in new products and packaging. Oceanworks has developed a network of partners that collect and recycle plastics found on beaches and in waterways around the world, which the Oceanworks Guaranteed label can identify — these programs' environmental, social, and recycling practices are reviewed regularly. Oceanworks can provide end-to-end audits of its plastics supply chain to inform packaging designers about where the materials they choose are collected, processed, and remanufactured.Oceanworks Guaranteed® certified recycled plastics are used in Glad to be Green products, Sperry Seacycled sneakers, Delta Faucets' Ocean Plastic Shower Head, and many other products. While shoppers can browse these products at Oceanworks' website, the real action happens in the company's online materials catalog. It sells recycled PET (#1), HDPE (#2), and Polypropylene (#5) plastics, as well as recycled yarns and fabrics, bottles, and zippers made from ocean plastics. Product designers and the teams responsible for packaging get access to a wide range of materials that contribute to a cleaner world as long as they continue to be recycled responsibly. We discuss the National Strategy to Prevent Plastic Pollution, the potential for “advanced recycling” technologies that promise to make plastic as recyclable as metals, and the environmental and recycling impacts of plastics and the additives they contain.You can learn more about Oceanworks at https://oceanworks.co/

Get Diane's Killer Breasts Book:  www.KillerBreatsBook.com Connect with Robyn Towt: https://www.gpacunited.org MUST WATCH DOCUMENTARIES REFERENCED: THE DEVIL WE KNOW (FULL FILM) - HOW TEFLON & FOREVER CHEMICALS CAUSE CANCER, INFERTILITY, AID & MORE - https://www.bitchute.com/video/UcwKtqpsgrCw/ DARK WATERS - A DOCUMENTARY ON DUPONT AND TOXIC TEFLON THAT IS POISONING US- https://www.bitchute.com/video/QmURxxqHSSM4/ THE BLEEDING EDGE (2018) FULL DOCUMENTARY (THE DANGER OF MEDICAL DEVICES LIKE BREAST IMPLANTS)- https://www.bitchute.com/video/vpPPbFX4x67r/ DIED SUDDENLY - FULL DOCUMENTARY ABOUT COVID VACCINES AND THE DEATH OF THE MISLEAD & INNOCENT -https://www.bitchute.com/video/xNSVtk72A8ox/ There is SO MUCH ‘they' don't warn you about before surgery, and yet story after story we hear, nightmares of people suffering after these implantations, including our own! I'm not talking JUST breast implants either. ANY permanent artificial part that is placed in a human, has its own set of consequences, unbeknownst to the patient…WHY…because they don't think it's important to tell us.  Do you (or a loved one, patients, clients) have any implantable devices such as:  Breast, butt, cheek, face Implants (silicone or saline) Dermal fillers because contrary to what most uninformed injectors tell you, they ARE considered ‘implantable devices' because they do not break down and leave the body. Undissolvable stitches (made of Polypropylene aka Plastic).  Mesh Material to repair hernias in the abdomen, groin (Polypropylene) vaginal prolapse (polyurethane) aka Plastic Metal rods, tooth implants, plates, etc Silver fillings in your teeth (mercury/aluminum) Silicone cups for heart valve surgery and post Mastectomy breast reconstruction. Do you have unexplainable symptoms that no one has been able to help you pinpoint why, where they're coming from or what to do about it? Perhaps ones that are listed on the scroll here up top? It's not a known fact, NOR an FDA warning that SO many people have reactions to these permanent ingredients and don't realize that they're in most medical devices including sutures etc. It's time to make common medical fails, common knowledge so you can learn the truth about why your body may be reacting and can begin your journey on the 'what to do about it' Share this episode with others who deserve to hear this information.  It could LITERALLY save a life! CLEANSE the Toxins in your body from these implant devices + thousands of others, you're exposed to daily which accumulate in your body and we call ‘disease'.  If you've never heard, the Warrior Cleanse will help you do that (and so much more): www.TheWarriorCleanse.com  

Get Diane's Killer Breasts Book FREE March 29, 30, 31 here:  www.KillerBreatsBook.com Connect with Robyn Towt: https://www.gpacunited.org FDA Adverse Event Reporting System (FAERS) Public Dashboard https://fis.fda.gov/sense/app/95239e26-e0be-42d9-a960-9a5f7f1c25ee/sheet/7a47a261-d58b-4203-a8aa-6d3021737452/state/analysis Voices of the mesh injured https://m.youtube.com/watch?v=wEY0rww7bRY&feature=youtu.be THE BLEEDING EDGE (2018) FULL DOCUMENTARY (THE DANGER OF MEDICAL DEVICES LIKE BREAST IMPLANTS) https://www.bitchute.com/video/vpPPbFX4x67r/ Medical Implant Diseases, Mesh Related Complications & Implant Systemic Symptoms https://www.gpacunited.org/_files/ugd/eac3fd_5b995fdb01384bceb6f3e29766076f87.pdf There is SO MUCH ‘they' don't warn you about before surgery, and yet story after story we hear, nightmares of people suffering after these implantations, including our own! I'm not talking JUST breast implants either. ANY permanent artificial part that is placed in a human, has its own set of consequences, unbeknownst to the patient…WHY…because they don't think it's important to tell us.   Do you (or a loved one, patients, clients) have any implantable devices such as:  Breast, butt, cheek, face Implants (silicone or saline) Dermal fillers because contrary to what most uninformed injectors tell you, they ARE considered ‘implantable devices' because they do not break down and leave the body. Undissolvable stitches (made of Polypropylene aka Plastic).  Mesh Material to repair hernias in the abdomen, groin (Polypropylene) vaginal prolapse (polyurethane) aka Plastic Metal rods, tooth implants, plates, etc Silver fillings in your teeth (mercury/aluminum) Silicone cups for heart valve surgery and post Mastectomy breast reconstruction. Do you have unexplainable symptoms that no one has been able to help you pinpoint why, where they're coming from or what to do about it? Perhaps ones that are listed on the scroll here up top? It's not a known fact, NOR an FDA warning that SO many people have reactions to these permanent ingredients and don't realize that they're in most medical devices including sutures etc. It's time to make common medical fails, common knowledge so you can learn the truth about why your body may be reacting and can begin your journey on the 'what to do about it' Share this episode with others who deserve to hear this information.  It could LITERALLY save a life! CLEANSE the Toxins in your body from these implant devices + thousands of others, you're exposed to daily which accumulate in your body and we call ‘disease'.  If you've never heard, the Warrior Cleanse will help you do that (and so much more): www.TheWarriorCleanse.com  

https://icpg.co/about-us/contact-us/it is possible that polypropylene could replace polystyrene? how can we make plastic packaging more recyclable? can mono material replace multi material packaging? thank you Jonathan Cage for a great interview! https://ororapackagingsolutions.com/Looking to improve the sustainability of your packaging today? Check out: https://www.landsberg.com/The views and opinions expressed on the "Sustainable Packaging with Cory Connors" podcast are solely those of the author and guests and should not be attributed to any other individual or entity. https://specright.com/ https://www.amazon.com/dp/1329820053/ref=as_sl_pc_qf_sp_asin_til?tag=corygathttps://www.linkedin.com/in/cory-connors/I'm here to help you make your packaging more sustainable! Reach out today and I'll get back to you asap. This podcast is an independent production and the podcast production is an original work of the author. All rights of ownership and reproduction are retained—copyright 2022.

Dan Currence with the Plastic Pipe Institute joins guest host, Trey Allis from Prinsco to talk about the sustainability and resiliency of plastic pipe. From research to testing and quality standards, the industry has made immense strides in the last few decades, now using more than 600 million pounds of recycled plastic to make products that last a century.The two caught up at the North American Conservation and Drainage Expo in Des Moines in January for an on-location podcast.About the Guest:Dan Currence has been in the plastic pipe industry for more than 25 years and holds a Master's Degree in Environmental Engineering from the University of Missouri. He has been with the Plastics Pipe Institute (PPI) for ten years, and is the current Director of Engineering for the Drainage Division. Dan has a passion to promote the sustainability and resiliency of plastic pipe.Want more? Check out these related episodes from The Water Table: #5.1: The Science Behind Making Pipe Part 01 #5.2: The Science Behind Making Pipe Part 02North American Drainage & Conservation Expo (NACADE)https://nacadexpo.com/The Plastics Pipe Institute (PPI)https://www.plasticpipe.org/PPI Industry Handbookhttps://www.plasticpipe.org/Drainage/Resources/Drainage-Handbook.aspxEpisode Topics:00:32   Welcome02:13   All about Dan03:36   What is PPI?05:14   The Drainage Division07:01   Standards and sustainability07:31   Recycled resins08:01   Decades of learning09:11   Over 600 million pounds per year09:41   The public dilemma10:26   Solving recycling and infrastructure issues12:11   Testing to ensure quality15:06   National product standards16:01   Post-industrial vs. post-consumer19:01   Working with the DOT21:01   Resiliency – the new buzz word23:21   Being able to recover quickly24:41   Watertight joints26:06   Making your system last29:11   Polypropylene vs. polyethylene31:41   An industry handbookFollow us on social media! FB:  https://m.facebook.com/thewatertableag/ Twitter:  https://twitter.com/thewatertableag/Website:  https://www.watertable.ag/the-podcast/Find us on Apple Podcasts: https://podcasts.apple.com/podcast/id1538507698Subscribe to our Spotify: https://open.spotify.com/show/001MKyL5nMw6jUpuuz9aGdListen on Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xMzg5OTEwLnJzcw== More Episodes & Water Management Education:https://www.watertable.ag/the-podcast/

When it comes to chemical prices, the China market has a big role to play. Their economy is at a halt, and no one really knows how long it will stay that way. Join Victoria Meyer as she talks John Richardson, a Senior Consultant at ICIS. Find out how China's Zero COVID Policy and the ongoing demand destruction are damaging the entire chemical market. Take a deep dive into the state of polymers across the continents of Asia and Europe, specifically Polyethylene and Polypropylene. Love the show? Subscribe, rate, review, and share! http://www.thechemicalshow.com/

The global accumulation of plastic waste is an ever-growing problem.  At least five billion tons of the stuff has accumulated on land and sea and is even showing up in the bodies of animals and humans.  Recycling plastic instead of making even more of it seems like an essential thing to do but it has […]

Plastic is a wicked problem! We are finding bits of it everywhere! Plastic was a great invention. It has become an integral part of our convenience lifestyle, so we can't seem to do without it. But it is filling our landfills and oceans, and we even find it in our food and water!  It was exciting when plastic soda bottles came out because they were light and did not break. Since then, however, plastic has gone in unanticipated directions.  So what can we do now? I'm Marla, the Green Home Coach! Today I am super excited to have my son, Trent, joining me on the podcast to explain how he uses recycled plastic to make filament for 3-D printing and talk about recycling different types of plastic. Circular solutions Trent is the co-founder of a St. Louis-based company called Printerior Designs. They focus on creating circular solutions for the industry by turning recycled plastics into 3-D printing filaments that can get used for creating new objects. They have developed three types of materials that have impacted the waste created in the industry, and they hope to continue reducing the enormous amount of waste the industry creates.  Plastic lasts  Plastic lasts for a long time. It does not deteriorate, and it does not biodegrade. We find it everywhere because it is lightweight and convenient. It does not break. It can easily be formed into any shape, and it costs much less than many other materials.   Versatility Plastic is versatile and useful. So billion-dollar corporations continue researching and finding innovative ways to create new types of it.  Single-use items  Items like plastic grocery bags, water bottles, and straws are all wasteful because they only get used once before we throw them away. Then they last an extremely long time in a landfill! There are two main kinds of plastics: Thermoset Plastics – They never break down Thermoplastics – They break down and can be recycled Thermoset plastics The use of thermoset plastics has decreased drastically over the last twenty years or so. There is something in them that can get reused, but we still need to figure out how to do it.  Recycling different types of plastic Five of the seven most commonly-used plastics are easy to recycle. However, there are many different ways that each type of plastic gets formulated for specific applications. That makes it very hard for recyclers because each formulation within the same category of plastic has to be recycled separately.  Polypropylene plastics (PP Plastics) Hundreds of different types of polypropylene get manufactured because companies require different formulations to fit their specific applications.  A vast array of different plastics There is a vast array of different plastics. That causes problems for companies like Printerior because their machines can recycle some formulations but not others.  TerraCycle  TerraCycle is a company that has been researching hard-to-recycle materials. It is one of the few companies in the US that tries to recycle 3-D print filament. You can pay them to send you recycling boxes for specific categories of materials, like candy wrappers or lipstick tubes. Some vendors may even sponsor recycling boxes for their products! Pay attention We need to pay attention when recycling. If we put all our plastics together in one bag before putting them in a recycling bin, those items will likely end up in a landfill since the plastic, a film rather than a solid, cannot get processed by most single stream recyclers. Making it easier for recyclers Only about 9% of all the items intended for recycling get recycled. Certain municipalities still allow items for recycling to get sorted and separated. That makes things a lot easier for recyclers and increases the amount of recycling! The future In the future, recycling may get done chemically rather than mechanically. Recycling plants Some recycling plants use high-end robotics to do their sorting. But many still use basic machines and rely on people to sort things by hand. Single-use plastic Many people prefer to buy items with less packaging because a lot of single-use plastic gets used for packaging that just goes to waste. From industrial waste to high-value products Industry produces a lot of plastic waste! At Printerior, they use clean industrial waste PLA and PETG plastics to produce their 3-D print filaments. That helps them know what they are working with, have a clean stream, and create a high-value product!  Post-consumer plastic They are moving toward using post-consumer plastic and turning it into new items. They are currently doing some tests and preparing to launch their new material.  Who Printerior work with Printerior works with consumer waste. They collect waste from hobbyists, school districts, universities, and maker spaces, process it, and turn it into high-quality 3-D filament. A first  When their new product comes out, Printerior will be the first company in the 3-D printing world to bring filament made from recycled post-consumer plastics to market. They are also about to launch several other first-to-market post-industrial materials. PLA Most people use PLA filament for their 3-D printers. PLA is a recyclable bioplastic that is usually made from corn. Most compostable single-use utensils and food trays get made from PLA. Printerior currently uses industrial waste from the companies producing those items. They are working towards using post-consumer items as well.  What you can do to help with the plastic problem Use less single-use packaging Use more reusable items Recycle what you can Buy items made from recycled materials Something to look out for  Don't fall for marketing schemes that say items are “recyclable” rather than “recycled”.  Ways to recycle Go to the website of your local municipality and look up the best ways to recycle for their facilities. Many municipalities also have drop-off locations. Those locations are usually where most recycling happens. Have a great green day!   Links About Printerior Designs   https://printeriordesigns.com/ Use code GreenHomeCoach for 10% off your first order. Recycling plastic is practically impossible — and the problem is getting worse  Recycling 101 from Waste Management What is Plastic Recycling and How to Recycle Plastic  7 Types of Plastic That Are Most Common  Addressing the (sic Waste) Problem  Managing Waste from GreenBiz

On this episode of Recycled Content, we sit down with APR board member Nicole Janssen, President of Denton Plastics, to discuss all things polypropylene. Host Kara Pochiro and Nicole set the record straight on polypropylene and debunk recent reports that cast doubt about its recyclability. Tune in to hear about how polypropylene is now one of the fastest growing resins to recycle, and an update on legislative efforts by APR and its member companies.  

The Free America Podcast Website - www.freeamericapodcast.comBitchute - www.bitchute.com/channel/XUMguOqsBvbm/Rumble - https://rumble.com/user/FreeAmericaPodcastAlternate Social MediaGab - https://gab.com/FreeAmericaPodcastMewe - https://mewe.com/i/freeamerica2 Action Itemshttps://westernstandardonline.com/2022/04/study-shows-microplastics-found-in-covid-masks-present-in-patients-lungs/Study - https://www.sciencedirect.com/science/article/pii/S0048969722020009Federal Judge Rules Mask Mandate Illegal - https://s3.documentcloud.org/documents/21636220/047124235804.pdfhttps://dockets.justia.com/docket/florida/flmdce/8:2021cv01693/391798News Itemshttps://www.perk-group.com/news/perk-and-chd-ca-v-los-angeles-unified-school-district-update-hint-we-won?ss_source=sscampaigns&ss_campaign_id=626c1452ba528a1fcca84825&ss_email_id=626c38e8a7b21215bf787ed1&ss_campaign_name=Los+Angeles+Unified+School+District+Update%3A+Hint+WE+WON%21&ss_campaign_sent_date=2022-04-29T19%3A23%3A43Zhttps://www.thegatewaypundit.com/2022/04/new-zealand-high-court-finds-pm-jacinda-arderns-quarantine-lottery-violated-citizens-rights/https://www.theepochtimes.com/wuhan-lab-allowed-to-destroy-secret-files-under-its-partnership-with-us-national-lab-agreement-shows_4417444.html?est=fjfmsm5AbFWD0eBnAC1j%2F5naTq2s9sZpFpFWPwxId1EEFdGjtpyDt%2FboPJQ%3Dhttps://www.thegatewaypundit.com/2022/04/fauci-signed-deal-china-agreeing-destroy-return-secret-files-materials-equipment-without-backup/https://www.thegatewaypundit.com/2022/04/psaki-admits-forced-masking-planes-preserving-power-video/https://www.wnd.com/2022/04/buttigieg-masks-needed-airplanes-not-correspondents-dinner/?ats_es=1c0954f1b62809b09a100d75c701d474https://www.thegatewaypundit.com/2022/04/breaking-biden-administration-will-appeal-mask-ruling-wants-masks-trains-planes-continue/https://www.wnd.com/2022/04/fauci-judge-superseded-cdc-authority-mask-ruling/?ats_es=1c0954f1b62809b09a100d75c701d474https://www.thegatewaypundit.com/2022/04/fauci-says-bad-precedent-judicial-branch-check-authority-biden-regime-mask-mandates-lack-expertise-video/https://www.wnd.com/2022/04/fauci-corrected-trump-covid-ivermectin-maintain-integrity/?ats_es=1c0954f1b62809b09a100d75c701d474Chloroquine is a Potent Inhibitor of SARS Coronavirus - https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1232869/https://www.thegatewaypundit.com/2022/04/bill-gates-trashes-detractors-ted-talk-kind-weird-crazy-people-protesting-miracle-vaccines-saved-millions-lives/https://www.thegatewaypundit.com/2022/04/just-fda-authorizes-covid-19-breathalyzer-can-detect-china-virus-less-3-minutes/https://caitlinjohnstone.substack.com/p/us-officials-admit-theyre-literally?s=rhttps://www.thegatewaypundit.com/2022/04/study-vaccinated-15x-likely-unvaxxed-develop-heart-inflammation-requiring-hospitalization-peer-reviewed-study/Study -  https://jamanetwork.com/journals/jamacardiology/fullarticle/2791253https://www.bloomberg.com/news/articles/2022-04-26/anger-erupts-at-xi-s-big-white-army-of-lockdown-enforcershttps://www.theepochtimes.com/exclusive-hundreds-of-cdc-employees-havent-had-a-covid-19-vaccine_4429636.html?est=r9JJB%2BC8jWvMv23vZvmGew%2BNb4HR7r9dOZzJOV4kxMy3227ldCtE9mVaAhI%3Dhttps://www.theepochtimes.com/increase-in-reactivated-viruses-following-covid-19-booster-shots-dr-richard-urso_4434667.html?mktids=e976bf135ac54f997c335da04c7b04b1&est=R5hHzuwcBNLHtBCZ2Bxrt3EjIm82QB1eO8HWPldM8s9n4RI%2BYVPmUFKi%2F%2FyG%2Fn4%3Dhttps://www.thegatewaypundit.com/2022/04/patients-treated-pfizers-paxlovid-experience-second-round-covid-19-shortly-recovering-doctors-baffled/https://welovetrump.com/2022/04/28/france-authorizes-creation-of-digital-id-days-after-macrons-re-election/https://www.weforum.org/agenda/2020/11/legal-identity-id-app-aid-tech

Polypropylene, Pi Opinions, The Gaming Market

In this episode, Maithili Ghadge, podcast host, talks with Kaustubh Vaidya. Kaustubh has a master's degree from the University of Australia's global. He has a passion for growing as a structural engineer and constantly thriving to be the best version of himself. He worked as a Senior Engineer at Larsen and Toubro. Kaustubh talks about his thesis on the strength appraisal of polypropylene fiber reinforced concrete, artificial sand and its benefit, the role played by polypropylene fiber and, the effect of high temperature on concrete. Tune in to learn more about the benefits of polypropylene fiber and artificial sand on concrete. Timestamps [00:48] Kaustubh's thesis on strength appraisal of polypropylene fiber reinforced concrete [02:46] Artificial sand and its benefits [05:13] The role played by polypropylene fibers [07:49] How the polypropylene fiber influence the behaviour of concrete [09:17] The effect of high temperatures on concrete [12:05] Kaustubh's conclusion Quotes ● One of the major benefits of concrete is its performance in fire. ● Artificial sand is readily available throughout the year at a very low cost. It is also environmentally friendly. ● Polypropylene fiber improves the thermal behaviour of concrete. ● The optimum replacement of natural sand is 50%. Resource links https://www.sciencedirect.com/science/article/pii/S2214509521000644