Podcasts about United Bank

Note from Jeannine: So, this is a pretty big one for me. In 2020, while my studio was closed, I started manically listening to various podcasts every day looking for motivation and insight. One morning while sitting on the floor of our strength room, I heard the story of The Coffee Bean, as told through Clemson coach, Dabo Sweeney. The origins of that story begin in a jail cell in Texas - with today's guest. Interviewing him and telling him the impact his story had on me was a very cool experience and a reminder to me that my Higher Power is always working in my life...even when I can't see it. Special thank you to Dave from Dopey for connecting me with Damon. Enjoy!Episode description:Today Jeannine interviews Damon West, M.S. Criminal Justice. Damon is a college professor, internationally known keynote speaker and 3 x Wall Street Journal bestselling author. His bestselling business book, The Coffee Bean: A Simple Lesson to Create Positive Change, was listed by Forbes' in the “Top Twenty Books You Need to Read to Crush 2020.”His autobiography, The Change Agent: How a Former College QB Sentenced to Life in Prison Transformed His World, vividly tells how he transformed the pot of boiling water that is a Texas maximum-security prison into a pot of coffee.At 20 years old, he was a Division 1 starting quarterback at the University of North Texas, when he suffered a career ending injury. He turned to hardcore drugs to cope with disappointments of life. After graduation, he worked in the United States Congress, was a national fundraiser on a U.S. Presidential campaign and eventually trained to be a stockbroker for United Bank of Switzerland (UBS). One day at UBS, he was introduced to methamphetamines; he became instantly hooked—and the lives of so many innocent people would forever be changed by the choices he made in order to feed his insatiable meth habit.After a fateful discussion during his incarceration with a seasoned convict, Damon had a spiritual awakening. He learned that, like a coffee bean changing with the application of heat and pressure, he was capable of changing the environment around him. Armed with a program of recovery, a renewed faith, and a miraculous second chance at life, Damon emerged from over seven years of prison a changed man. His story of redemption, grit and determination continues to inspire audiences today.Damon shares his story of how his first use of meth escalated into homelessness in 18 months, including all manner of tweaker hijinks, including a mail man hustle and stealing a car from the Texas Rangers police impound. We talk recovery, resentments, rebuilding after incarceration and never letting dreams die. Let me know what y'all think!Connect with Damon on InstagramDM me on ⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠Message me on ⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠Listen AD FREE & workout with me on ⁠⁠⁠⁠⁠⁠⁠⁠Patreon⁠⁠⁠⁠⁠⁠⁠⁠ Connect with me on ⁠⁠⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠⁠⁠⁠⁠Email me chasingheroine@gmail.comSee you next week!

Good morning, beloved!Today on the FIRE FOR TODAY.The topic is: THE MOVE OF GOD IS YOUR MOVE.When God moves, everything shifts—including you. This episode is a powerful reminder that aligning with God's timing and direction is the secret to unstoppable progress. Don't just watch the move—be the move.Need prayer or counsel? Talk directly with Apostle Raphael Agadama:https://wa.me/2348135436165Join our Telegram family for more fire-filled content: https://www.t.me/trailsoffireinternational#FireForTodayConsider sending a gift of love through: FIRE FOR TODAY MEDIA NGN: 1026386361 USD: 3004157659 United Bank for Africa (UBA)Shalom, Raphael AgadamaSet Man & Team Lead Trails of Fire / Fire For Today

Peter has Steven B. Epstein - Author of "Deadly Heist" and Scott Robinson - Lawyer and Media Legal Analyst on the Show to discuss the 1991 Fathers Day Massacre in Denver. The details, investigation, a deep dive into the Robbery of United Bank of Denver and Murder of Security Guards. Scott Robinson was a Defense Attorney of the Accused Killer James King, and Steven wrote The Book! See omnystudio.com/listener for privacy information.

Damon West, M.S. Criminal Justice, is a college professor, internationally known keynote speaker, 3 x Wall Street Journal bestselling author and former crime boss in Dallas, who was sentenced to Life in prison for Organized Crime. USA Today calls him the “modern day Shawshank Redemption and the most in-demand speaker in America.” At 20 years old, he was a Division 1 starting quarterback at the University of North Texas, when he suffered a career ending injury and turned to hardcore drugs to cope with disappointments of life. After graduation, he worked in the United States Congress and trained to be a stockbroker for United Bank of Switzerland (UBS). One day at UBS, he was introduced to methamphetamines; he became instantly hooked—and the lives of so many innocent people would forever be changed by the choices he made in order to feed his insatiable meth habit. After a fateful discussion during his incarceration with a seasoned convict, Damon had a spiritual awakening. He learned that, like a coffee bean changing with the application of heat and pressure, he was capable of changing the environment around him. Armed with a program of recovery, a renewed faith, and a miraculous second chance at life, Damon emerged from over seven years of prison a changed man. On parole in Texas until 2073, his story is one of hope, redemption, grit and the resilience of the Human spirit. Today on the show we discuss: why USA Today has compared Damon's story to "The Shawshank Redemption," how he transformed his mindset inside a maximum security prison, how to escape mental prisons and learn from adversity, daily spiritual and mental practices that changed his life, Damon's powerful story of forgiveness from one of his victims, what he's doing to give back and much more. ⚠ WELLNESS DISCLAIMER ⚠ Please be advised; the topics related to health and mental health in my content are for informational, discussion, and entertainment purposes only. The content is not intended to be a substitute for professional advice, diagnosis, or treatment. Always seek the advice of your health or mental health professional or other qualified health provider with any questions you may have regarding your current condition. Never disregard professional advice or delay in seeking it because of something you have heard from your favorite creator, on social media, or shared within content you've consumed. If you are in crisis or you think you may have an emergency, call your doctor or 911 immediately. If you do not have a health professional who is able to assist you, use these resources to find help: Emergency Medical Services—911 If the situation is potentially life-threatening, get immediate emergency assistance by calling 911, available 24 hours a day. National Suicide Prevention Lifeline, 1-800-273-TALK (8255) or https://suicidepreventionlifeline.org. SAMHSA addiction and mental health treatment Referral Helpline, 1-877-SAMHSA7 (1-877-726-4727) and https://www.samhsa.gov Learn more about your ad choices. Visit megaphone.fm/adchoices

Good morning beloved, In today's episode of *Fire for Today* *Hope Unashamed* *“And hope does not put us to shame, because God's love has been poured into our hearts through the Holy Spirit who has been given to us.”* – Romans 5:5 Beloved, today's message is a powerful reminder that our hope in God is never in vain. No matter how bleak the situation may seem, hope anchored in Christ will never leave you disappointed. Are you weary, burdened, or on the verge of giving up? Hold on! God's love is at work in your life, turning every trial into a testimony. Don't miss this episode—it's your divine reminder that hope in Christ is always rewarded. Stay blessed, and let's keep the fire burning. wa.me/+2348135436165 t.me/firefortoday Support us or send a gift of love through: FIRE FOR TODAY MEDIA NGN: 1026386361 USD: 3004157659 United Bank for Africa (UBA) Shalom, **Raphael Agadama** Set Man & Team Lead *Trails of Fire / Fire For Today* ,

Net foreign assets in Egypt's banking sector rose for a second month running, reaching USD10.2 billion in February, up 17.2% from January's USD8.7 billion surplus. A narrower deficit at commercial banks helped lift the sector's external position, with its net foreign asset deficit shrinking to USD1.9 billion in February from USD3.3 billion a month earlier.Egypt has received a USD1.2 billion disbursement from the IMF as the fourth tranche of its Extended Fund Facility (EFF) program, the Egyptian Cabinet announced.The Egyptian government paid USD800 million in arrears to foreign oil companies by the end of March, bringing the total amount of overdue payments to oil companies to USD6.3 billion since June.High-level Egyptian trade delegation will travel to Canada in mid-April as part of efforts to boost Canadian investment and trade with Egypt, Egyptian-Canadian Business Council head said.Eight OPEC+ countries agreed to raise oil production more than three times originally planned, according to a statement from the group, which includes oil producing giants Saudi Arabia and Russia.BINV's consolidated bottom line post minority recorded EGP1.5 billion (+2.87x y/y) in FY24.BINV's Board approved of a cash dividend distribution of EGP1.25/share amounting to EGP272.95 million, implying a payout ratio of 28.7% and a dividend yield of 5.4% to be ratified by the AGM.Bedaya Mortgage Finance, a subsidiary of HRHO, has closed a EGP1.6 billion securitized bond issuance.United Bank's AGM approved the distribution of cash dividends of EGP825 million to shareholders, which is EGP0.75/share, implying a dividend yield of 5.3%, to be distributed within three months. According to AMIC, auto sales rose 4.3% MoM in February to 10.6k units, up slightly from 10.1k units in January. The figure marks a modest rebound from last month's 22.0% drop. ABUK appointed Hany Dahy as the company's Chairman and Managing Director. 

At just 21 years of age, friends Todd Wilson and Scott McCarthy were virtually inseparable. The pair reported for duty at United Bank of Denver at 6:00 a.m. on Father's Day 1991-McCarthy's first day on the job. They joined two more experienced guards and began making their rounds. By 9:30 a.m., all four were dead. The killer then descended upon the cash vault where he held six petrified tellers at gunpoint before absconding with nearly $200,000.Eighteen days later, the Denver Police Department arrested one of its own. Not only had retired sergeant James W. King served on the force for 25 years, he'd recently been a guard at United Bank-often complaining about the abysmal security, including a decision to disarm its guards. But would he slaughter four of his unarmed successors to prove his point and risk a date with the execution chamber?DEADLY HEIST is the captivating story of one of Colorado's most notorious crimes and of a courtroom slugfest that would take a jury nine grueling days to resolve. Its verdict-delivered a year and a day after the bloody massacre-reverberates across the Rocky Mountains to this day. Joining me to discuss his book, DEADLY HEIST: The True Story of the Mile High Bank Massacre—Steven B. Epstein Follow and comment on Facebook-TRUE MURDER: The Most Shocking Killers in True Crime History https://www.facebook.com/profile.php?id=100064697978510Check out TRUE MURDER PODCAST @ truemurderpodcast.com

Good morning beloved, In today's episode of Fire for Today Hope Unashamed “And hope does not put us to shame, because God's love has been poured into our hearts through the Holy Spirit who has been given to us.”– Romans 5:5 Beloved, today's message is a powerful reminder that our hope in God is never in vain. No matter how bleak the situation may seem, hope anchored in Christ will never leave you disappointed. Are you weary, burdened, or on the verge of giving up? Hold on! God's love is at work in your life, turning every trial into a testimony. Don't miss this episode—it's your divine reminder that hope in Christ is always rewarded. Stay blessed, and let's keep the fire burning. https://open.spotify.com/show/1nEn9rEDvOj1nQ2EYtw9yy wa.me/+2348135436165 t.me/firefortoday Support us or send a gift of love through: FIRE FOR TODAY MEDIA NGN: 1026386361 USD: 3004157659 United Bank for Africa (UBA) Shalom, Raphael Agadama Set Man & Team Lead Trails of Fire / Fire For Today

Today's Episode: The Elder Brother “My son,' the father said, ‘you are always with me, and everything I have is yours.” – Luke 15:31 Beloved, today we shift our focus to a character often overlooked in the parable of the lost son—the elder brother. While the prodigal son's story is one of repentance and restoration, the elder brother reveals the silent struggles of entitlement, comparison, and a heart distant from the Father's love. Are you standing in the Father's house yet struggling with bitterness, self-righteousness, or envy? The Father's words to the elder brother are a call to us all: You are always with Me, and everything I have is yours. This episode will challenge you to examine your heart and draw closer to the Father's love. Don't miss it! wa.me/+2348135436165 t.me/firefortoday Support us or send a gift of love through: FIRE FOR TODAY MEDIA NGN: 1026386361 USD: 3004157659 United Bank for Africa (UBA) Shalom, Raphael Agadama Set Man & Team Lead Trails of Fire / Fire For Today Stay blessed, and let's keep the fire burning. Shalom, Raphael Agadama Set Man & Team Lead Trails of Fire / Fire For Today

In today's episode of Fire for Today, we delve into the timeless power of God's Word and the need to prioritize and prefer it above all else. The Word is life-giving, transformative, and foundational for every breakthrough. Discover how words, as spiritual swords, shape realities and bring all things to life. Tune in for an inspiring teaching that will ignite your faith in the enduring power of God's Word. wa.me/+2348135436165 Support us or send a gift of love through: FIRE FOR TODAY MEDIA NGN: 1026386361 USD: 3004157659 United Bank for Africa (UBA) #FIREFORTODAY

"HELP FROM WITHIN" (Isaiah 41:14-15) In today's episode of Fire for Today, we uncover the profound truth of divine help that comes from within. Drawing from Isaiah 41:14-15, we explore how God strengthens us, transforms our weaknesses, and equips us to overcome challenges. Discover how the help you need is closer than you think and how God turns you into a sharp instrument for victory. Tune in and be empowered by this life-changing message. t.me/firefortoday FIRE FOR TODAY MEDIA NGN: 1026386361 USD: 3004157659 United Bank for Africa (UBA) #FIREFORTODAY

William Ray Nash was the founder of United Bank in Tulsa, Oklahoma, which he sold in 1984. The bank became known as the Bank of America. His first experience in the banking business came in 1966 when he worked for the Bank of Oklahoma in charge of advertising, public relations, and marketing. He graduated from the Oklahoma Intermediate School of Banking at OSU and the School of Bank Public Relations and Marketing at Northwest University in Chicago.  Bill became head of the Real Estate Loan Department to head the Correspondent Department at the Bank of Oklahoma.Bill and his wife Edna came to Tulsa in 1956 to work for Oral Roberts in the Radio and TV department. In his public service, he served as the chairman of the Tulsa County Election Board later serving on the Oklahoma Transportation Commission rising to the position of chairman.  In addition to his professional career, Bill talks about the plane crash which took the lives of his brother Marshall and sister-in-law Rebecca — the daughter of Oral Roberts — on the oral history podcast and website VoicesOfOklahoma.com.

On Hacking Humans, Dave Bittner, Joe Carrigan, and Maria Varmazis (also host of N2K's daily space podcast, T-Minus), are once again sharing the latest in social engineering scams, phishing schemes, and criminal exploits that are making headlines to help our audience become aware of what is out there. This week, Maria shares two stories this week, the first is from "PayPal" saying they are owed over $200. The second comes from LinkedIn where a gentleman shares the terrifying story of losing everything all because of a scam. Joe's story is on text message scams where strangers pretend to know you, building trust over time to lure victims into schemes like cryptocurrency fraud; he advises ignoring unknown messages, blocking suspicious numbers, avoiding links, and protecting personal information. Dave's story follows Silent Push Threat Analysts tracking "Payroll Pirates," a group leveraging phishing campaigns targeting HR systems like Workday to redirect payroll funds by using search ads, spoofed websites, and credential harvesting, as they alert organizations and share threat intelligence to counter these sophisticated attacks. Our catch of the day comes from a phishing scam email claiming to offer a $1.75 million compensation fund via the "United Bank for Africa," requiring victims to share personal and banking details under the guise of an IMF directive. Resources and links to stories: “Wrong Number” Text Scams on the Rise Hunting Payroll Pirates: Silent Push Tracks HR Redirect Phishing Scam You can hear more from the T-Minus space daily show here. Have a Catch of the Day you'd like to share? Email it to us at hackinghumans@n2k.com.

It’s back to the banking industry today as we speak to a Taiwanese bank set up nearly half a century ago. Established back in 1975, our guest for today is Cathay United Bank, a subsidiary of Cathay Financial Holdings. Cathay Financial Holdings, for context, is a financial conglomerate with businesses spanning insurance, asset management and brokerage, with its Chairman Tsai Hong-tu having a net worth of US$5.3 billion based on the Bloomberg Billionaires Index. Back to Cathay United Bank, the bank boasts 165 branches throughout Taiwan, placing it as one of the leading players in the island when it comes down to credit cards in force as well as transaction volumes. Outside of its home market, Cathay United Bank has a presence in 67 overseas locations across mainland China, Vietnam, Cambodia, Hong Kong, Singapore, the Philippines, Malaysia, Laos, Myanmar, Thailand and Indonesia. But what are we speaking to Cathay United Bank you might ask? Well, the bank is an interesting one to look at because it is now expanding its headcount in Singapore, as their clients double down on their operations and presence in the Southeast Asian region. But what should we know about its expansion plans here? Meanwhile, Cathay United Bank had in May 2024 saw net income increasing 13 per cent on the year to over US$950 million in 2023. But how is its Singapore business faring thus far? Also – what will the focus areas be for the firm’s operations here in Singapore looking ahead? On Under the Radar, Money Matter’s finance presenter Chua Tian Tian posed these questions to Winfield Wong, CEO, Cathay United Bank (Singapore).See omnystudio.com/listener for privacy information.

Derivates will begin trading on the EGX in 2Q 2025, Financial Regulatory Authority Deputy Chairman Islam Azzam said. Azzam highlighted futures contracts for indices as being among the incoming additions.The FRA is also considering offering financial leasing loans for industrial lands from the Industrial Development Authority (IDA) for the first time, Financial Regulatory Authority Deputy Chairman Islam added.The government committee tasked with reforming state economic authorities has completed studies on 40 of the 59 authorities, according to a cabinet statement.Egypt has reportedly chartered a third floating storage regasification unit to process LNG imports to dock at Ain Sokhna by June 2025, according to an unnamed government official.Egypt's imports from Israeli gas increased by c.8% during the first week of this December, reaching 970 million cubic feet per day, compared to an average of 900 million cubic feet per day in the last two weeks of November.The Finance Ministry is mulling letting industrial projects pay customs taxes in installments in a bid to increase liquidity in the sector and support its growth, unnamed government sources said.The government is set to finalize its charter outlining strategies and recommendations for supporting startups in 2025 as part of the government's new Entrepreneurship Ministerial Committee, Planning and International Development Minister Rania Al Mashat said.Delta Insurance, 63.39% owned by EKHO received two bids for acquiring not less than 75% and up to 100% of the company's shares at an indicative price of EGP50/share. This indicative price translates into USD0.06/share of EKHO's outstanding shares, using an exchange rate of EGP50/share. We remind you that in our latest update published on 28 November 2024, we valued EKHO's stake in Delta Insurance at USD0.06/share of EKHO. Our FV for EKHO using SoTP valuation method was USD1.19/share.EGCH released 1Q24/25 unaudited financial indicators posting net profits worth EGP28 million during 1Q24/25, an 89% YoY decline (-98% QoQ) as compared to a net profit of EGP350 million in 1Q23/24 and EGP2.4 billion in 4Q23/24 which included EGP2 billion in real estate revaluation gains. EGCH is currently trading at a 2024/2025e PE of 26.6x and EV/EBITDA of 9.2x.United Bank's shares will debut on the EGX today under the ticker UBEE.CA, at a price of EGP 13.85 per share. The stock will trade with expanded price limits of ±40% on its first day, with no temporary suspensions, and a 30-day stabilization period beginning today until 8 January 2025, during which shares from the public offering can be sold back at the IPO price.ATLC is officially licensed for mortgage financing from the FRA. BTFH signs a joint venture agreement with an Italian company, CRIF to support the launch of a new entity that will offer a set of credit ratings services primarily in the Egyptian market, potentially expanding to MENA region. ESRS confirmed, in a release to LSE, that the company is not tendering for the GDRs in the planned buyback and, if a holder of GDRs wishes to tender the underlying shares, the holder must first surrender the GDRs and receive delivery of the underlying shares.Abu Dhabi-based Electra Investment Holding has acquired some 8.3 million additional shares of SWDY, some 0.39% of the company, for EGP88.15/share, bringing Electra's stake in SWDY to 20.37%. Naguib Sawiris plans to list his real estate development company, Ora Developers, on a stock exchange within three years.RACC will buy back up to 7.1% of its shares between 9 December and 9 January. The company has already purchased some 5.9 mn treasury shares, equals to 2.9% of the total shares, between March and April of this year.

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%

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

The recently formed Entrepreneurship Ministerial Committee has announced ambitious plans to increase investments in Egypt's startups tenfold to USD5 bn in the coming period, through easing market entry among other measures.Industry Ministry revealed new information about the government's plans to localize automotive feeder industries with a USD 360 mn joint tire-manufacturing project between the Arab Organization for Industrialization (AOI) and an unnamed Chinese company, set to be an entire tire manufacturing city in a freezone in Ain Sokhna.Government arrears owed to Egypt's pharma companies have climbed to EGP 50 bn, Federation of Egyptian Chambers of Commerce's pharma division said.Egypt is exploring the possibility of exporting electricity to Syria through its interconnection link with Jordan, Electricity Minister Mahmoud Esmat said.MPs yesterday gave the greenlight to a EUR 1 bn macro-financial assistance package from the EU, which marks the first phase of a EUR5 bn set of concessional loans running through 2027 as part of a wider EUR7.4 bn package from the EU announced in March.Egypt's PMI edged up for the second month in November, moving closer to the 50.0 mark that separates growth from contraction, recording 49.2 from 49.0 in October, the index was indicative of a marginal decline in business conditions.The Ministry of Industry, in cooperation with the CBE, intends to launch a fund to support the productive sectors, especially the industrial sector.The Prime Minister said that the government is working to expedite the payment of the remaining dues to the British company “BP”.CNG Egypt New Energy Glass Company, a subsidiary of China Glass Holding Group, intends to pump investments worth USD300 million into the TEDA region - Egypt, in the industrial zone of Ain Sokhna.The CBE sold USD 980.5 mn worth of one-year, USD-denominated t-bills yesterday, with an average yield of 4.50%, down 0.65 percentage points from the last time the same length bills were auctioned off in JuneToday is the last day for retail investors to grab a piece of United Bank, with the retail offering set to wrap today, before trading kicks off on the EGX. The offering is already 23x oversubscribed as of yesterday, as retail investors jump one of only two IPOs to kick off this year, Amwal Al Ghad reports. The government has approved a four-year plan starting next year to expand the production capacity of state-owned EGAL's Nagaa Hammadi complex, with an eye toward fulfilling local demand and reducing imports of aluminum. Ministry of Industry is studying reducing the value of steel billets new license to EGP3 million in order to facilitate acquiring the license.

*Key news articles for today*The government is planning to issue its first EGP-denominated sovereign sukuk in the domestic market in the next fiscal year.The government is planning to localize 50% of all vaccine production by 2030. There will then be efforts to increase this to 75% by 2035 and full self-sufficiency by 2040.The government has allocated a total of EGP10 billion to settle a significant portion of debts owed to pharma and medical supplies companies, to be paid over the next three weeks.Egypt is looking to raise the industrial sector's contribution to the country's total GDP to 20-30% from its current 14%. Also the government is planning to up the local component ratio in the industrial sector to 70-80%, up from no more than 40-50% at the moment.The CBE sold EGP443 million worth of 3-year, fixed-rate, EGP-denominated treasury bonds in Monday's auction at a weighted average yield of 24.1%.The Supreme Committee for Partnership Affairs decided to put forward 12 projects in water treatment, sewage, and electricity networks, to be implemented in partnership with the private sector.The Ministry of Petroleum continues to secure Egypt's needs for natural gas during the summer months by continuing to import LNG via gasification ships to secure the equivalent of 1 bcf per day throughout the summer period.We raised our FV of ORAS to EGP425.00/share (USD8.50/share), up from the previous EGP344.18/share (USD7.38/share), implying an upside potential of 43% while maintaining our Overweight recommendation. Our updated valuation model factors in the preliminary estimate of impact of the development of the mega project, Ras El-Hekma, rolling over the model and updating our macro assumptions, and assuming a 50% of the estimated maximum claim of USD311 million that could be imposed on ORAS in Sidra's arbitration case. ORAS is currently trading at FY25e PE of 5.1x. ESRS stated that the transformer of meltshop No. 2 of Ezz Flat Steel Company (EFS), Suez, a subsidiary, suffered a major malfunction. The repair period is expected to extend for approximately 9 months. This should have a negative impact on ESRS where its production levels will return back to pre-2023 levels to around 5.4 million tons of finished products, down from the current 7.0 million tons. Negotiations should be taking place with the insurance company regarding the amount of compensation. We expect FY25 revenue and bottom line to drop by 10-12% below our estimates for the year as a result of the meltshop suspension.SVCE reported 9M24 losses amounting to EGP237.5 million, compared to 9M23 net loss of EGP63.1 million, despite an 86% YoY spike in revenue to EGP1.1 billion.United Bank retail placement is set to begin later today and run until 3 December. EFIH and Africa-focused digital solutions company Cassava Technologies signed an agreement that will see the two firms identify areas for collaboration and joint expansion in Egypt and Africa.MFPC targets finalizing two green hydrogen projects and expanding the company's capacity of urea in 2027 with total investments worth USD400 million. Flydubai will start offering daily direct flights between Dubai International Airport and Alamein International Airport starting next summer. The route will operate between 21 June and 7 September.Hotels in Luxor raised prices by 33-50% y/y in November 2024. Occupancy rate in Luxor in November 2024 increased to 80% from 65% in November 2023.Al Mansour Automotive is partnering with China's state-owned SAIC and another unnamed partner to establish a factory for assembling both traditional and electric cars for SAIC-owned brand MG in Egypt. The factory is expected to begin production within the next two years.

The government is mulling a permanent exemption for factories from property taxes and either raising the residential tax exemption cap or doing away with it altogether for first homes, Deputy Finance Minister said.Remittances from Egyptians working abroad more than doubled YoY in September to hit USD2.7 bn.The CBE sold EGP75.2 bn worth of t-bills with record average yields of 30.9% for three-month bills, 30.6% for six-month bills, 28.4% for nine-month bills, and 26.2% for year-long bills.Tax revenues grew by 41% during the period July through October, compared to the same period of the previous year, the head of the Egyptian Tax Authority said.A consortium of Chinese investors and the private and government sectors in Egypt seek to establish an integrated agricultural complex on an area of one million acres in the New Valley Governorate, with investments estimated at about USD7 billion.EFID reported 3Q24 financials with attributable net profit recording EGP362 million in 3Q24 (-16.0% YoY, +13.7% QoQ), bringing 9M bottom line to EGP1,120 million (-6.0% YoY). EFID is currently trading at 2025f P/E of 9.4x and EV/EBITD of 6.9x.United Bank's private placement that wrapped yesterday was 6x oversubscribed. Retail investors will soon get their chance to buy up a piece of United Bank in the offering's retail placement set to begin tomorrow and run until 3 December. CICH's consumer finance firm, Sohoula, announces the completion of its first securitization bond issuance deal for BM Lease amounting to EGP478 million.Saudi Arabia's National Security Services Company (SAFE) will provide EFIH with comprehensive and secure security system for digital payments under an MoU inked between two sides during Cairo ICT. Polish renewables player ‘Hynfra' announced its plans to set up a USD10.6 billion green ammonia facility in Egypt with production capacity of 1 million tons per year, according to a statement from the General Authority for Investment (GAFI). The first phase of the project is set to be up and running by 2030, which will cost some USD1.6 billion and have a production capacity of 100k tons of green ammonia per year. UK oil and gas giant ‘Shell' will boost its natural gas production by 170 million cubic feet per day by the end of December, according to Asharq Business. 

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

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

United Bank will kick off its planned offering on the EGX today. The total offering could see the bank raise up to EGP5.1 bn by floating an equivalent to a 30% stake.The number of tourists visiting Egypt increased during Jan - November 2024 by 4% compared to the same period last year.Egypt's imports of fuel shipments increased to more than USD12.5 billion during 10M2025, compared to USD10.5 billion in the same period last year.EGAS is negotiating long-term agreements to import LNG, moving away from reliance on global tenders. The move aims to secure gas supplies and protect Egypt from fluctuating spot market prices. Tenders will remain in use, but only for limited imports.IFC wants to collaborate with the government on mining materials it thinks will aid local manufacturing. The government wants to replace 250k gasoline-fired car engines to ones that run on natural gas. The government will soon start converting its own fleet of vehicles to run on natural gas.Al Dahra Egypt, a subsidiary of Emirati agribusiness Al Dahra, is planning on investing some USD 200 mn to add between 80k-90k feddans to its land portfolio over the next five years.Abu Dhabi Tourism Investments Company, owned by the Abu Dhabi Fund for Development, is pumping new investments worth USD100 million to establish the Sofitel Legend Pyramids Hotel.The House also greenlit a EUR 1.8 mn grant agreement to support people with disabilities, with Italy set to provide EUR 1.65 mn and the Social Solidarity Ministry providing EUR 181k.We updated our FV for POUL to EGP21.29/share and maintain Overweight recommendation. The updated FV factors in:1.         Adjusting revenues to new market prices.2.         Normalized margins to average at 21.3% through the forecast period. 3.         Strong cash position.4.         New macro assumptions.POUL is currently trading at 2025f P/E of 3.3x.OIH is set to acquire Misr for Entertainment Investments with its non-executive expert directors and independent directors approving the acquisition in principle.Credit rating agency Fitch Ratings has upgraded the credit ratings of four major Egyptian banks. The agency upgraded the ratings of the National Bank of Egypt, Banque Misr, COMI, and Banque du Caire to B from B- with a stable outlook.Al Marakby Steel to invest EGP1.5 billion in the coming five years within the company's expansion plan and establishing a solar power station. Three Chinese companies had injected USD400 million of investments in the sanitary ware sector during the last few months.Kempston, specializing in the production of SPC flooring, to launch the first phase of its new factory in Ain Sokhna in 1Q25 with a capacity of 1 million sqm per year. The second phase is planned to be operational by the end of 2025 doubling the capacity to 2 million sqm a year. Chinese state-owned auto manufacturer FAW Group is re-entering the Egyptian market in 1Q25 under a partnership with an unnamed new agent.Chery International subsidiaries Omoda and Jaecoo are in talks to enter the Egyptian market through a partnership with an unnamed local agent. 

The CBE's MPC is scheduled to meet on Thursday, 21 November. The IMF mission that is in Cairo is set to complete the fourth review of Egypt's USD8 billion loan program this week.Egypt's unemployment rate rose to 6.7% of the total workforce in the third quarter of 2024, up 0.2 percentage points from the previous quarter.The Madbouly government on Thursday inked two MoUs with local and international energy players (Taqa Arabia and Voltalia consortium and UAE Alcazar) that could see them develop projects producing some 5.2 GW of renewable energy under a build-own-operate (BOO) system.Suez Canal revenues have reportedly dropped by 61% YoY in 9M24.The Cabinet approved amendments to the Unified Budget Act, setting an annual debt ceiling for the government and all 59 of its economic bodies. The Cabinet approved a new mechanism to ensure all entities responsible for customs clearance work seven days a week, including bank branches at ports. Egypt is now a member of the Baku Initiative for Climate Finance, Investment, and Trade unveiled at COP29. The National Industrial Strategy aims to boost the industrial sector's contribution to the country's GDP from to 20% by 2030 from 14% currently.The net foreign assets of the CBE increased by about USD168.5 million in October, reaching c.USD10.625 billion.Dana Gas is waiting for the Egyptian government to pay USD24 million of its dues.The cost of the export burden rebate program implemented during March 2024 through June 2025 is estimated at EGP23 billion, We raised our FV of LCSW from EGP30.08/share to EGP37.00/share and maintain our Overweight recommendation for the stock.SWDY reported 3Q24 consolidated results. Attributable earnings surged to EGP4.8 billion (+92%, +8% QoQ). MCQE reported enhanced financial performance in 3Q24. Attributable bottom line came in at EGP21.7 million in 3Q24 bouncing back from a recorded loss of EGP1.1 million in the previous quarter and a loss of EGP29.6 million in 3Q24.SWDY's Board approved guaranteeing and warranting Elsewedy Electric Power Systems Projects a facility contract of USD329.3 million.FWRY reported record 3Q24 results. Net profit came in at EGP478 million (+135% YoY, +48.5% QoQ). NTRA has issued licenses for seven firms to establish and operate call centers using voice over internet protocol and other tools. GBCO released 3Q24 results. Net profit recorded EGP746 million in 3Q24 (+12.6% YoY, +76.8% QoQ). State-owned El Nasr Automotive has officially restarted operations after a 15-year hiatus.JUFO reported 3Q24 financial results. Net profit recorded EGP958 million in 3Q24 (+197.2% YoY, -4.3% QoQ).POUL reported 3Q24 financial results. Bottom line recorded EGP681.8 million in 3Q24 (+88.2% YoY, +18.9% QoQ).HDBK 3Q24 standalone bottom line came in strong at EGP3,113 million (+14% q/q, +122% y/y). HDBK is currently trading at 2025 P/E of 2.8x and P/B of 0.8x. EXPA  3Q24 bottom line post minority interest recorded EGP1,564 million (+21% q/q, +53% y/y). CANA 3Q24 bottom line recorded a strong EGP1,314 million (+10% q/q, +80% y/y), BINV's bottom line in 3Q24 recorded a solid EGP342 million (+6.2% q/q, +423% y/y), bringing 9M24 net profit to EGP1.6 billion (+160 % y/y). United Bank is studying the acquisition of a bank in the local market.TAQA and Italian renewable energy developer Voltalia signed a non-binding Memorandum of Understanding (MoU) with EETC and NREA to study a 3.2 gigawatt (GW) capacity wind/solar power plant in Suez.RMDA reported positive 3Q24 results. Net profit amounted to EGP120 million, up 89.7% QoQ and 54.5% YoY.

 A member of the IMF mission in Cairo said to local media that the mission did not discuss with the Egyptian government an extension of economic reforms schedule, during the fourth review. Adding that the mission did not decide anything regarding postponing some reforms.Remittances from Egyptians working abroad increased 65.6% y-o-y in August to hit USD 2.6 bn.Egypt reduced its imports of liquefied gas through the gasification complex at the port of Ain Sokhna, by about one third to 500 million cubic feet per day.The country's sole agent for China's Jinbei, Jinbei Royal Egypt, has landed an agreement to assemble their models in Egypt starting early 2025, Chairman Khaled Saad said. Prime Minister Moustafa Madbouly chaired the second meeting of the Entrepreneurship Ministerial Committee, to discuss ways to boost the startup landscape in the country. The CBE has accepted bids worth USD1.6 bn in USD-denominated, one-year t-bills, with an average yield of 4.5%. The World Bank decided to disburse a new tranche to the Social Housing and Mortgage Finance Fund amounting to USD170 million, as part of a total financing amounting to USD1 bn, the Ministry of Housing reported. The American “Apache” Petroleum Company spent USD388 million on exploration in Egypt during the first 9 months of this year, expanding its operations after signing an agreement to stimulate production, but still less than the USD405 million spent during the same period last year.We raised our ORHD FV from EGP26.26/share to EGP34.74/share mainly as a result of inputting the USD225/sqm land price at which ORHD had sold the 145k sqm land plot in El Gouna in 2Q24.We maintain our Overweight recommendation of ORHD based on our FV of EGP34.74/share and reiterate ORHD as one of our top picks. ORHD sold a 110k sqm land plot in El Gouna to Hassan Allam Properties for USD37.4 million, implying a land price of USD340/sqm. MASR achieved a net profit in 3Q24 increased 39.8% y/y and 285.4% q/q to EGP1.1 billion. We raised our MASR FV from EGP5.24/share to EGP8.11/share and maintain our Overweight recommendation for the stock. EFIH Net attributable profit recorded EGP631 million (+47% YoY, +110% QoQ), implying a NPM of 54.4% (+12.7pps YoY, +27.9pps QoQ) in 3Q24. During 9M24, net attributable profit stood at EGP1.39 billion (+21.5% YoY), implying a NPM 40.5%. EFIH is currently trading at 2025f P/E of 23.2x and EV/EBITDA of 17.6x.ETEL and Vodafone Egypt have signed several landmark service agreements for infrastructure services. These agreements aim to develop Vodafone Egypt's networks and support its preparations for the rollout of 5G services. The combined total value of these commercial agreements amounts to around EGP30 billion, to be disbursed over the duration of the agreements, which have varying maturities up to 2034.Qatar Energy has inked an agreement with US oil and gas giant Chevron to acquire a 23% operational stake in the Mediterranean's North El Dabaa Block, according to a company statement. Germany's 2G Energy is in talks with five Egyptian companies to set up green hydrogen, biogas, and combined heat and power (CHP) projects locally.TAQA posted 16.4% YoY growth in 9M24 consolidated net profit to record EGP424.87 million. Revenues increased 34.3% ti EGP13.13 billion.CBE-owned United Bank has set an indicative price range of EGP 12.70-15.60 per share for its upcoming IPO on the EGX, potentially rasing between EGP 4.2-5.1 bn. This values the bank at up to EGP 17.2 bn. Which translates into implied multiples of P/B25 of 1.0x and P/E25 of 5.8x. Egypt's Competition Authority approved a filing by Tanmiya Capital Ventures (TCV) to acquire a 20.9% stake in El Abd for Investment, Manufacturing, and Sweet Trading. 

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

Egypt is preparing three possible revisions to the loan agreement to present to the IMF delegation when they land in Egypt mid-next week.The first scenario proposes extending the loan program by two years so Egypt ends up having five years to implement the reforms and unlock the entire USD8 billion in funding.The second scenario would give the government a year to carry out a stimulus package that includes pausing energy price hikes and slashing interest rates in efforts to boost growth.The third scenario suggests securing additional IMF funding, while maintaining the program's current structure and timeline. This increase would enable the government to strengthen social protections.The Finance Ministry sold some EGP52.4 billion in EGP-denominated three-month t-bills this week at an average yield of 30.0%. This marks the highest yield on three-month bills since March.Egypt asked the World Bank to extend the period of the USD500 million local development program in Upper Egypt to end in October 2025 instead of the current month.The EGX Head said that a package of measures are currently being studied, including launching a new index that combines sustainability and Islamic compliance. He also revealed a study on amending the rules for registering and delisting companies from the market.Investment Minister Hassan El Khatib laid the foundation stone for Arab Otsuka Nutraceuticals subsidiary Egypt Otsuka's factory for nutritional products in Tenth of Ramadan.The Ministry of Electricity is looking forward to receiving a EUR65 million grant from the European Bank for Reconstruction and Development (EBRD) during the coming period.A new ro-ro shipping line connecting Damietta Port with Italy's Port of Trieste will begin operations by the end of November.Global consulting firm Deloitte kicked off its new innovation hub in Cairo yesterday, pledging a three-year USD30 million investment to employ 5k of the country's “top-tier talent” in several service export sectors.United Bank will be going ahead with plans to float 330 million of its shares, equivalent to a 30% stake, on the EGX. The bank plans to make its EGX debut before the end of 2024.ATLC signed a financing contract worth EGP275 million with the Arab Forum for Investments Company to strengthen the capital base.According to local media, GBCO signed an agreement with Japanese truck manufacturer UD Trucks, granting it distribution rights for 2 models in the Egyptian market.According to local media, Philip Morris International, disclosed that it has allocated USD45 million in anticipation of potential tax obligations in Egypt. ABUK agreed with the Arab Organization for Industrialization to implement a solar energy station with a capacity of 2.5 MW and a cost of EGP90 million. MICH released 1Q24/25 results, posting an 8% increase in revenues to EGP260.3 million and 14% growth in net profit to EGP155.9 million. The government will offer private sector companies the chance to set up hospitals on 21 land plots as it works to add 173k beds to the country's residential capacity by 2030. Weekly Commodities Update

The Prime Minister confirmed that the government is currently reviewing the timeline and reforms put forward by the Fund, pointing to the direct impact that the war on Gaza and the subsequent decline in Suez Canal revenues has had on state revenues as justification for the review.The Prime Minister said that the foreign exchange flows and the state's needs and obligations are proceeding regularly and smoothly, and there is no delay with regard to production requirements, raw materials, and basic needs, and there are no delayed requests in the banks, denying the government's intention for another floatation of the exchange rate.The first phase of the government's plan to bring private investors to develop, manage, and operate Egyptian airports will offer up five airports, unnamed sources told press. The sources named the airports as Cairo International Airport, Sphinx International Airport, El Alamein International Airport, Sharm El Sheikh International Airport, and Hurghada International Airport. The government also plans to hand over management of Luxor and Aswan airports to private sector operators in subsequent phases. Home appliance giant LG plans to add a new USD150 million refrigerator production line to its Tenth of Ramadan factory. The new production line is in the preparation phase.Turkish pump manufacturer Turbosan is mulling setting up a factory in Egypt as part of a larger effort to increase its presence in the local market, according to a Housing Ministry statement.Egyptian and Libyan businesses agreed to set up a comprehensive industrial complex leveraging Egyptian raw materials to serve as a trade corridor to Algeria, Tunisia, and other African markets, set up permanent “Made in Egypt” exhibitions in Tripoli and Benghazi, and to look into potential Egyptian investments in Libya's tourism sector — Libya is setting up a tourism project on its coastline.The World Bank announced a schedule for Egypt's external debt repayments during the current fiscal year, which includes paying obligations worth USD60.8 billion in the period from July 2024 to June 2025. Eni is set to resume drilling at the Zohr gas field in December of this year, with the arrival of a rig to drill two new wells, Oil Minister Karim Badawi said yesterday. US oil producer Apache has been awarded four exploration blocks in the Western Desert, the Oil Minister announced. BP will be expediting the drilling of the second well at the Raven natural gas field, the Oil Minister said, adding that the additional production capacity is set to come online by January 2025.The Oil Ministry targets signing 15 new oil and gas exploration agreements during the coming year with minimum investments of USD748.5 million.United Bank shares will be temporarily listed on the bourse starting today, after which the company will have six months to meet listing requirements and obtain regulatory approvals ahead of its planned IPO set to take place before the end of 1Q25.HRHO launched SEP educational platform in Saudi Arabia with a capital of USD300 million.COMI CEO Hisham Ezz El Arab plans to leave his post at the bank within the next 2-3 years, he told Al Arabiya, adding that he is currently mentoring three employees, with one expected to take over after his departure.Government agencies can now grant contractors working on public projects up to a six-month extension on their implementation timelines, according to a circular issued by the Cabinet. State-owned Egyptian General Petroleum Corporation (EGPC) signed four separate MoUs with SWDY's Elsewedy Industrial Development, ESRS, Ades Holding, and a consortium of Hassan Allam Holding and Infinity Power aimed at ramping up oil and natural gas exploration alongside production and field development, according to a Cabinet statement.

Hello, Great One, On FIRE FOR TODAY In this episode,, we explore the topic of Weapons of War (WOW) part 1 . Pulling Down Strongholds . Drawing from 2 Corinthians 10:4, we discuss how the spiritual weapons we possess are mighty through God for tearing down every barrier and opposition. Join us as we uncover how to activate these weapons and walk in victory over strongholds in our lives. wa.me/+2348135436165 Support us or send a gift of love through: FIRE FOR TODAY MEDIA NGN: 1026386361 USD: 3004157659 United Bank for Africa (UBA) #FIREFORTODAY --- Support this podcast: https://podcasters.spotify.com/pod/show/firefortoday/support

We published today our earnings expectations sheet for companies under coverage in 3Q24/FY24/FY25: 1) In 3Q24, aggregated net profit is expected to increase 49% YoY and decrease 14% QoQ, 2) Aggregated net profit is expected to increase 53% YoY in FY24 and 15% YoY in FY25, 3) Stocks that are expected to witness a shift from net loss to net profit YoY in 3Q24: HELI, ESRS, MCQE, 4) Stocks that are expected to witness a spike (>80%) in net profit growth YoY in FY25: EGCH, CIRA, MCQE, ECAP (sorted from highest rise in net profit)It is interest rate day. We remind you that we expect the CBE to prefer to hold rates unchanged in its meeting, on a relatively sticky inflation in 4Q24. IThe World Bank sees the Egyptian economy growing at a 3.5% clip during the fiscal year 2024-2025, trimming its outlook 0.7 percentage points from the 4.2% forecasted in June, on lower Suez Canal revenue and persistent uncertainty.Prime Minister Moustafa Madbouly explained at his weekly press conference that the government is preparing for all potential scenarios in the region amid escalating tensions around Israel's war on Gaza and Lebanon.The Prime Minister touched on the potential for local currency transactions between Egypt and Saudi Arabia.Head of the European Union delegation expects the European Parliament to start discussing a loan to Egypt in January. The total value of the loan amounts to EUR5 billion, of which EUR1 billion does not require a parliament approval. The Canadian company Tag Oil announced that it obtained the approval from the General Petroleum Authority regarding the company's proposal to acquire a large concession in the Western Desert in Egypt.The net foreign assets of the CBE increased by about USD186 million to reach USD10.459 billion by the end of last September.The Prime Minister said that the electrical interconnection line between Saudi Arabia and Egypt will enter service in May or June 2025, and the capacity of the first phase will reach 1,500 megawatts out of the total capacity of the line, which amounts to 3,000 megawatts.United Bank has officially submitted a request to list its shares on the EGX as the Central Bank pushes ahead with its plan to sell a stake in the lender in an IPO before the end of 1Q25.COMI and HSBC cut interest rates on their local currency high-yield CDs yesterday. The government will within weeks offer a desalination plant to private players to be implemented under a public-private partnership (PPP) in the Suez Canal Economic Zone.EAST dividends distribution of EGP2.70/share for FY23/24 will be paid out in two installments, with the first paid on 21 October 2024 and the second on 25 November 2024.According to local media, the minority stake that El-Damaty family intends to retain in DOMT will be around 20%, as part of a non-binding purchase offer from Denmark's Arla Foods. EFIH's general assembly approved distributing cash dividends of EGP0.197/share from 1H24 profits. This implies a payout ratio of 60% and a dividend yield of 1%.CIRA's general assembly approved cash dividends of EGP0.26/share for FY23. This implies dividend payout ratio of 120% and dividend yield of 1.8%.EGCH released 4Q23/24 revised unaudited financial indicators, posting net profit of EGP2.4 billion during 4Q23/24 compared to net profit of EGP46 million in 4Q22/23 and a net loss of EGP411 million in 3Q23/24. On an annual basis, net profit grew by 131% YoY to EGP2.5 billion in FY23/24 from EGP1.2 billion in FY22/23. EGCH is currently trading at a 2024/2025e EV/EBITDA of 10.3x.

The government will soon announce “important news” regarding the privatization of a number of banks and airports, Prime Minister Moustafa Madbouly said.Egypt's external debt sat at USD152.9 bn during the end of FY2023/24, falling some USD15.1 bn (almost 9%).Egypt's import bill for petroleum products reached USD10.5 billion during 9M2024, compared to USD9.4 billion in the same period last year, an increase of 11.8%.State gas firm EGAS signed a partnership agreement with Greek infrastructure investment company Copelouzos Group to develop a JV headquartered in Greece focused on the trade, transport, supply, and regasification of natural gas in Eastern European countries and Greece, according to a statement.The Financial Regulatory Authority has issued new regulations to combat money laundering and terrorism financing for NBFIs.OLFI reported solid 3Q24 financial results with attributable net profit recording EGP299 million in 3Q24 (+212.6% YoY, +12.4% QoQ), implying NPM of 10.5% (+5.9pps YoY, -2.2pps QoQ). This brings 9M24 net profit to EGP722 million (+134.5% YoY). OLFI is currently trading at 2024e P/E of 6.9x.Oil prices slid on Tuesday, settling down 4.63% at USD77.18/bbl on news of a possible ceasefire between Hezbollah and Israel, although prices found some support on fears of a potential attack on Iranian oil infrastructure.OPEC in a monthly report said world oil demand will rise by 1.93 million barrels per day (bpd) in 2024, down from a growth of 2.03 million bpd it expected last month. TCI Sanmar announced plans to inject more than USD300 million in investments to expand its PVC production capacity in Egypt.The Minister of petroleum announced that Eni will dig new wells in Zohr field during the coming period. ORHD signed a USD155.0 million loan facility with the International Finance Corporation to partially refinance existing debt and fund potential growth opportunities in the hotel business in El Gouna and capital expenditure for renovating hotels. MASR signed a contract with Redcon Spain Construction to accelerate construction work in the Sarai project, with investments exceeding EGP600.0 million.HRHO's subsidiary, EFG Corp-Solutions, has issued EGP450 mn in debt, its second issuance in a wider EGP3 bn program. BTFH's subsidiary, Beltone Leasing and Factoring, is in talks with three major international financial institutions over a USD60 mn loan to fund expansion across the continent, starting with Morocco and Senegal.The Financial Regulatory Authority (FRA) will within weeks issue regulations implementing the capital requirements for insurance companies put forth by the Unified Ins. Law.A number of banks have been earmarked for privatization, including Banque du Caire, whose IPO has been repeatedly delayed for years due to poor market conditions, Arab African International Bank (AAIB), and United Bank, which should make its EGX debut early next year.

Good Morning Great One, On FIRE FOR TODAY the topic is CRUSHING THE HORNS OF RESISTANCE 2 In this episode of Fire for Today We continue our journey of spiritual warfare, focusing on the horns of shame and wickedness—forces that seek to oppress and condemn. Discover how God empowers us to crush these destructive influences and rise above them with divine authority. Join us as we delve deeper into overcoming shame and breaking the chains of wickedness through the strength God provides. wa.me/+2348135436165 Support us or send a gift of love through: FIRE FOR TODAY MEDIA NGN: 1026386361 USD: 3004157659 United Bank for Africa (UBA) #FIREFORTODAY --- Support this podcast: https://podcasters.spotify.com/pod/show/firefortoday/support

Chinese appliance manufacturer Haier laid the foundation stone for the USD40 million second phase of its eco-industrial complex in Tenth of Ramadan City. With a production capacity of 300k refrigerators and deep freezers and offer around 1k jobs and is scheduled to begin production in the last quarter of 2025.Alexandria for Industrial Development (AID), a JV between Alex Steel and Catalyst Private Equity, is in negotiations with foreign investors to build USD120 million worth of factories in the Suez Canal Economic Zone under turnkey contracts.The Tourism Ministry is in talks with China's Chongqing Gaund Holding Group over the construction, management, and operation of a number of luxury floating Nile hotels.The Egyptian government paid USD1.2 billion of the arrears dues of foreign oil companies of USD3.2 billion last week instead of next October, in efforts to increase natural gas production in the country.A Kuwaiti investor intends to invest in the establishment of an integrated project in the chemicals sector in the Baghdadi Industrial Zone of Luxor Governorate.US Federal Reserve officials signaled the possibility of more big rate cuts this year, with Chicago Fed President Austan Goolsbee saying that the current benchmark interest rate was “hundreds” of basis points above the neutral level.The CBE sold nearly EGP54.5 billion in EGP-denominated, three-year treasury bonds yesterday, over 10x its target of EGP5 billion, with an average interest rate of 24.8%, down from 25.2% in the previous auction.The long-planned merger between state-owned Egyptian Ethylene and Derivatives Company (Ethydco) and SKPC may finally be getting the green light, with unnamed sources telling Al Borsa that the agreement is expected to go through by the end of October after the FRA approves the share swap factor between the companies.Saudi Arabia's Public Investment Fund (PIF) is reportedly looking into acquiring a stake in state-owned firm Egypt Gas, Al Mal reports. EGAS succeeded in signing 11 new oil and gas exploration agreements with international oil companies during FY23/24 with investments worth a minimum of USD925 million.United Bank is heading to the Gulf, Europe, and the US to promote upcoming IPO, slated for 1Q 2025. Up to 49% of the bank could end up on the EGX. Businessman Nagib Sawiris revealed that the volume of OIH's investments in gold mines reaches $1.5 billion.EFIH announced today that its subsidiary eAswaaq, along with Post for Investment, a subsidiary of Egypt Post, have launched the “ECOM Africa” company. The company will develop and operate specialized electronic marketplaces targeting the African market. A local consortium will invest USD450 million to build, manage, and operate a 300k square meter dry bulk terminal in Dekheila Port under an initial agreement inked with the Alexandria Port Authority, according to a Transport Ministry statement. The consortium includes four local private and state-owned firms, Mediterraneo Egypt, Latt Trading and Shipping, a SWDY subsidiary, and the Transport Ministry's Holding Company for Maritime and Land Transport.

In this episode, I've prayed a powerful prayer for you. There is a divine system where you can sit still, and what others are chasing will come to you. Just like Jacob, who couldn't have succeeded on his own, but God brought success to him. You can also experience the speed of the Spirit that makes you outrun the impossible. To reach me directly: wa.me/+2348135436165 Support us or send a gift of love through: FIRE FOR TODAY MEDIA NGN: 1026386361 USD: 3004157659 United Bank for Africa (UBA) #FIREFORTODAY --- Support this podcast: https://podcasters.spotify.com/pod/show/firefortoday/support

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

June 16, 1991. Denver, Colorado. An armed gunman commits a robbery from the underground vault at the United Bank Tower on Father's Day and makes off with $197,000 in cash. While the six employees from the vault are allowed to live, the assailant fatally shoots four guards: 41-year old Phillip Mankoff, 21-year old Todd Wilson, 33-year old William McCullom Jr. and 21-year old Scott McCarthy. Two-and-a-half weeks later, a 54-year old retired police officer named James King, who once worked as a guard at United Bank, is arrested and charged with the robbery and the murders. However, since the stolen money is never recovered and no physical evidence links King to the crime, the case against him is very circumstantial and King is acquitted of all charges at trial. Was James King actually responsible for this crime or did law enforcement allow the real perpetrator to get away with it? On this week's episode of “The Trail Went Cold”, we explore a controversial unsolved bank robbery/quadruple homicide which has become known as “The Father's Day Bank Massacre”. Additional Reading: https://en.wikipedia.org/wiki/Father%27s_Day_Bank_Massacre “Murders in the Bank Vault: The Father's Day Massacre and the Trial of James King” by Walter Gerash and Phil Goodstein https://www.upi.com/Archives/1991/06/17/Murderous-robber-had-detailed-knowledge-of-bank/5477677131200/ http://blogs.denverpost.com/crime/2011/06/29/denvers-fathers-day-massacre-20-years-later/307/ https://www.denverpost.com/2013/06/10/james-king-key-figure-in-mystery-of-denver-fathers-day-massacre-dies/ https://www.denver7.com/news/local-news/denver7-archive-inside-the-investigation-into-the-colorado-fathers-day-bank-massacre https://torontosun.com/news/world/crime-hunter-fathers-day-massacre-still-vexes-cops “The Trail Went Cold” is on Patreon. Visit www.patreon.com/thetrailwentcold to become a patron and gain access to our exclusive bonus content. “The Trail Went Cold” is going to be appearing on podcast row at Crimecon UK” in London on September 21-22, 2024. To get a 10 % discount on the purchase of tickets to either event, please use our specialized promo code, “COLD24”, by visiting Crimecon.com or Crimecon.co.uk. “The Trail Went Cold” will be appearing at the True Crime Podcast Festival, taking place at the Denver Marriott Westminster in Colorado on July 12-14, 2024. To get a 15 % discount on tickets, please use our specialized promo code, “TRAIL”, by visiting https://truecrimepodcastfestival.com. “The Trail Went Cold” will be appearing at the Berkshire Podcast Festival, taking place in North Adams, Massachusetts on October 18-20, 2024. To get a 30 % discount on tickets, please use our specialized promo code, “COLD2024”, by visiting https://www.berkshirepodcastfestival.com/. The Trail Went Cold is produced and edited by Magill Foote. All music is composed by Vince Nitro.

Damon West grew up in a caring, well-connected family with traditional values. In college, he was the starting quarterback for University of North Texas with big dreams. But after a career-ending injury prevented him from playing football, he fell into a depression and began to spiral down a path of destruction and hard core drugs. This path would continue post-graduation where he was introduced to methamphetamines by another coworker while training to be a stockbroker with United Bank of Switzerland. He was instantly hooked. The severity of his addiction led him to becoming the mastermind of a burglary ring where he caused irreversible harm to many innocent people until he was eventually caught and sentenced to 65 years in prison. During his incarceration, Damon had a discussion with a seasoned convict that would change his whole outlook on life. The story of the coffee bean. He used the advice given to him to begin his journey to recovery and redemption. During this episode of BRob Inspired, Damon tells us the story of how he went from behind bars to becoming a global inspiration. He is living proof that you hold the power is inside to forge your own destiny. “Growth follows belief. But you have to believe in yourself before people believe in you” To learn more about Damon West, book him as speaker at your next event, or purchase one of his best-selling books, visit: https://damonwest.org/

In Patco Construction v. People's United Bank a US District Court in Maine held that the defendant bank was not liable for US$588,000 in fraudulent transfers that were believed to result from Zeus keylogger malware attacks. Patco was an online banking customer and account holder at People's Bank at the time of the malware attacks. Between May 7 and May 16, 2009 unknown third parties made multiple online transfers totaling US$588,851 out of Patco's account. Ultimately, the bank was able to block US$243,406 of the fraudulent transfers. Patco alleged that its losses were related to People's Bank's deficient online security. The court found that People's Bank did suffer from some security weaknesses, but that on the whole, its security procedures were commercially reasonable. Accordingly, it found that the bank was not liable for the losses resulting from the fraudulent transfers. Although the facts of this case differ from those in Experi-Metal v. Comerica, it may be a challenge to reconcile the contrast between the two decisions.[according to whom?] However, in July 2012, this decision was reversed by an appellate court. The parties later settled out of court, with People's United Bank paying the remainder of what was stolen from Patco's account, as well as $45,000 in interest. "In a landmark decision, the 1st Circuit Court of Appeals held in "Patco Construction Company, Inc. v. People's United Bank", No. 11-2031 (1st Cir. July 3, 2012) that People's United Bank (d/b/a Ocean Bank) was required to reimburse its customer, PATCO Construction Co., for approximately $580,000 that had been stolen from PATCO'S bank account. In so doing, the court reversed the decision of the U.S. District Court for the District of Maine that had granted summary judgment in the bank's favor." Source: https://en.wikipedia.org/wiki/Experi-Metal_v._Comerica

For this episode, Danny talks with keynote speaker Damon West.  Damon West, M.S. Criminal Justice, is a college professor, internationally known keynote speaker and Wall Street Journal best-selling author of The Coffee Bean: A simple Lesson to Create Positive Change, which Forbes' listed in the “Top Twenty Books You Need to Read to Crush 2020.” His autobiography, The Change Agent: How a Former College QB Sentenced to Life in Prison Transformed His World, vividly tells how he transformed the pot of boiling water that is a Texas maximum-security prison into a pot of coffee. During their conversation, Damon talks about the experiences that changed his life. At 20 years old, he was a Division 1 starting quarterback at the University of North Texas, when he suffered a career ending injury. He turned to hard core drugs to cope with disappointments of life. After graduation, he worked in the United States Congress, was a national fundraiser on a U.S. Presidential campaign and eventually trained to be a stock-broker for United Bank of Switzerland (UBS). One day at UBS, he was introduced to methamphetamines; he became instantly hooked—and the lives of so many innocent people would forever be changed by the choices he made in order to feed his insatiable meth habit. After a fateful discussion during his incarceration with a seasoned convict, Damon had a spiritual awakening. He learned that, like a coffee bean changing with the application of heat and pressure, he was capable of changing the environment around him. Armed with a program of recovery, a renewed faith, and a miraculous second chance at life, Damon emerged from over seven years of prison a changed man. His story of redemption, grit and determination continues to inspire audiences today.

President and Chief Operating Officer of One United Bank, Teri Williams, joins Lurie to discuss economics and spread financial expertise. Follow Lurie Daniel Favors @LurieFavors on Twitter and listen to her live M-F, 10 a.m.-noon ET on SiriusXM, Ch. 126.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

THE WJA OPEN is the chief annual fundraiser for the WASHINGTON JESUIT ACADEMY!  Ned Welbourn and I sat down on a lovely March evening to talk about the love of the WJA and the love in action which is the WJA OPEN.  Thank you, Ned, for being such a wonderful spokesman for the Academy, and a big shout out and thank you to UNITED BANK -- the community bank of the Nation's Capital  -- for being the Title Sponsor for the Open!The Washington Jesuit Academy is an 11-hour/day , 11-months/year school for inner-city DC boys -- grades 4 - 8.  The academic, athletic, character, faith that the WJA imparts so well is solely supported by the donations of us -- the money of the masses, the believers in the mission of quality education for all.  This is our duty, responsibility, honor to help and be moral stewards of the next generation of DC and our planet.  Let's go and please consider chipping in for this supremely noble cause -- perhaps the most noble.I hear babies crying -- I watch them grow -- they'll learn much more than I'll ever know.  And I think to myself -- what a wonderful world.With Love,Billy

A year ago, if you wanted to acquire a property there was plenty of money available from lenders at incredibly low interest rates. Just one year later and lenders have pulled back drastically, and interest rates have doubled. Those of us looking to get our real estate investments financed are having to accept a new reality that is impacting our cashflow and creating a lot of uncertainty as to whether deals will even pencil out. Given this new reality, we thought we'd bring three experts from the lending world together to discover – “Where's the Money?  Creative Financing Options in a High Interest Rate Environment”. John Burley John has 40+ years of investing experience, several thousand (personally) completed Real Estate deals, and over Six Hundred Million Dollars Raised. John wrote the International #1 Best Seller “Money Secrets of the Rich”. He has produced over 100 books and audio programs during his career and was a featured speaker at our Michigan Landlord & Real Estate Investor Conference & Expo on the Secrets of Raising Private Money. Anna Miller Anna's passion is for her clients in helping them find the right solutions to meet their financial needs. She's been a mortgage loan officer at United Bank of Michigan since 2013 and works with home buyers and investors to make their goals a reality. Frederic SaintAmour Former U.S. Army Ranger who now helps real estate investors and business owners of all sizes get the capital they need, when they need it, with the best terms possible. Fred has been a commercial loan executive with Boathouse Commercial Funding Group since 2010. Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

Mark and Megan chat with a banker from United Bank, Peter Warren, as they unpack some of the features and benefits of using a local bank that cares about our Shenandoah Valley's region.

I had the pleasure of interviewing Kweku A. Awotwi during the 75th Anniversary Gala for National Medical Fellowhips Inc. Kweku Awotwi is Board Chairman of United Bank for Africa (Ghana) Ltd, the Multimedia Group Ltd in Ghana, and the non-profit sports for development organization, Playsoccer Ghana which he co-founded in 1999. He has been the past Board Chairman of Stanbic Bank (Ghana) Ltd (2012 – 2018), and Ghana's Volta River Authority (“VRA”) (2017-2021), and served on the boards of several organizations in Africa. Kweku started out his career as an electrical engineer designing integrated circuits for telephones and TVs. After his MBA, he spent his career in the metals, mining, and energy industry, mostly in Africa. Most recently, he has been the Executive Vice President of Tullow Oil plc (UK), the operator of Ghana's Jubilee fields, producing the majority of the country's oil and gas. Kweku has also been an entrepreneur and has co-founded a number of companies that are operating across Africa today. PlaySoccer Ghana and PlaySoccer International, of which he is a founding member, have used soccer to teach young boys and girls in at-risk communities good healthcare practice, leadership as well as soccer skills. Over the years, it has been sponsored by organizations ranging from Manchester City FC to FIFA. Kweku remains passionate about contributing and giving back to his communities, in Africa as well as in the United States. He currently serves on the Global Advisory Council as a Board Member for National Medical Fellowships. In this episode, we talked about: Who was instrumental in his career His role as Board Chairman for the United Bank for Africa (Ghana) How finance and healthcare intersect What inspired him to get involved with NMF The advice he would give others who want to get involved with organizations like NMF To support NMF and its mission go to their website For more information about developing a diverse, equitable, and inclusive workplace, complete an inquiry form here

Welcome to our Top it off Tuesday show this week. We are glad you are back with us and look forward to hearing your thoughts on this episode Marty Strong has been a leader for decades, first in uniform for twenty years as a combat-veteran Navy SEAL, and then in commercial business. He was a successful account vice president and portfolio manager with the United Bank of Switzerland for many years after leaving the Navy and then a marketing and business development senior vice president for a billion-dollar-a-year company. Marty later joined a small, early-stage growth company as an equity partner. Since then, he has developed several employee-owned startups as CEO and chief strategy officer. This is a chat you will not want to miss. Enjoy episode 229 of The MisFitNation! Check out his page here: www.martystrongbenimble.com All of our latest episodes and videos can be found here: https://www.themisfitnation.com This episode YouTube:  https://youtu.be/ubfsTLmlBQg Support us here: https://ko-fi.com/themisfitnationpodcast #Veteran #Leader #NavySeal #MasterofDisruption Learn more about your ad choices. Visit megaphone.fm/adchoices

It's the time of year for tractors and tree stands, and on this episode, we're going to run through everything you need to check off your list regarding your treestand location and safety checklist with Camron Miller of Millennium Treestands. Camron will discuss which areas of your tree stand to inspect, choosing the best locations, and buying the right tree stand and safety harnesses for your hunting style. Plus, to start the show, Rachel Holland of United Bank gives us a seasoned pro's explanation of the ins and outs of land loans. Check Out The Full Line of Millennium Treestands Here >>> Show Sponsors: Alabama Farmers Cooperative Alabama Ag Credit Huntersmate Lowdown Trail Camera Viewer MB Ranch King Southern Seed and Feed Photonis First South Farm Credit Buck's Island Marina Dixie Supply United Bank National Land Realty Great Days Outdoors Magazine

Sentenced to sixty-five years in a Texas prison, Damon West once had it all. Damon West, M.S. Criminal Justice, is a college professor, nationally known keynote speaker and best-selling author (with best-selling author and motivational speaker Jon Gordon) of The Coffee Bean: A simple Lesson to Create Positive Change. His first book and autobiography, The Change Agent: How a Former College QB Sentenced to Life in Prison Transformed His World, was published just three years after his release from a Texas maximum-security prison. At 20 years old, he was a Division 1 starting quarterback at the University of North Texas, when he suffered a career ending injury. He turned to hard core drugs to cope with the disappointments of life. After graduation, he worked in the United States Congress, was a national fundraiser on a U.S. Presidential campaign and eventually trained to be a stock-broker for United Bank of Switzerland (UBS). One day at UBS, he was introduced to methamphetamines; he became instantly hooked—and the lives of so many innocent people would forever be changed by the choices he made in order to feed his insatiable meth habit. After a fateful discussion during his incarceration with a seasoned convict, Damon had a spiritual awakening. He learned that, like a coffee bean changing with the application of heat and pressure, he was capable of changing the environment around him. Armed with a program of recovery, a renewed faith, and a miraculous second chance at life, Damon emerged from over seven years of prison a changed man. His story of redemption, grit and determination continues to inspire audiences. today. Today, Damon lives a life of recovery and service, going to meetings and sharing his story all over the country with schools, churches, athletic teams, corporations, conferences and inside correctional facilities. Over the past few years, he has been sharing the Coffee Bean lesson with dozens of college football teams such as Clemson, Alabama, Georgia, and Texas, and countless schools and businesses. His #BeACoffeeBean message has inspired thousands from Walmart to the US Army to the NBA. Damon's story has been featured both nationally and globally. His second book, The Coffee Bean, co-authored with best-selling author Jon Gordon, became an instant best-seller and a part of Forbes' “Top Twenty Books You Need to Read to Crush 2020.” Damon is passionate about the Coffee Bean message and loves sharing how it changed his life and how it can change yours, too. His latest book (with coauthor, Jon Gordon), The Coffee Bean for Kids, is the genesis for Coffee Bean Clubs being started by students at schools all over America. Of all the hats Damon wears, the two most important to him are being a husband to Kendell and a stepfather to Clara. One of his greatest fears upon re-entry was wondering if he would be able to find someone who found him worthy of love and a family of his own. Like most fears we all have in life, this one was unfounded. To View This Episode- https://youtu.be/LIWN5iHgVnM #DamonWest #Coffeebean #whoknewinthemoment #podcast

Sentenced to sixty-five years in a Texas Prison, Damon West once had it all. "Damon West, M.S. Criminal Justice, is a college professor, internationally known keynote speaker and Wall Street Journal best-selling author of The Coffee Bean: A simple Lesson to Create Positive Change, which Forbes' listed in the “Top Twenty Books You Need to Read to Crush 2020.”His autobiography, The Change Agent: How a Former College QB Sentenced to Life in Prison Transformed His World, vividly tells how he transformed the pot of boiling water that is a Texas maximum-security prison into a pot of coffee.At 20 years old, he was a Division 1 starting quarterback at the University of North Texas, when he suffered a career ending injury. He turned to hard core drugs to cope with disappointments of life. After graduation, he worked in the United States Congress, was a national fundraiser on a U.S. Presidential campaign and eventually trained to be a stock-broker for United Bank of Switzerland (UBS). One day at UBS, he was introduced to methamphetamines; he became instantly hooked—and the lives of so many innocent people would forever be changed by the choices he made in order to feed his insatiable meth habit.After a fateful discussion during his incarceration with a seasoned convict, Damon had a spiritual awakening. He learned that, like a coffee bean changing with the application of heat and pressure, he was capable of changing the environment around him. Armed with a program of recovery, a renewed faith, and a miraculous second chance at life, Damon emerged from over seven years of prison a changed man. His story of redemption, grit and determination continues to inspire audiences today."https://damonwest.org/about/

Show Summary . Damon West, M.S. Criminal Justice, is a college professor, nationally known keynote speaker and best-selling author (with best-selling author and motivational speaker Jon Gordon) of The Coffee Bean: A Simple Lesson to Create Positive Change. His first book and autobiography, The Change Agent: How a Former College QB Sentenced to Life in Prison Transformed His World, was published just three years after his release from a Texas maximum-security prison. . At 20 years old, he was a Division 1 starting quarterback at the University of North Texas, when he suffered a career ending injury. He turned to hard core drugs to cope with the disappointments of life. After graduation, he worked in the United States Congress, was a national fundraiser on a U.S. Presidential campaign and eventually trained to be a stock-broker for United Bank of Switzerland (UBS). One day at UBS, he was introduced to methamphetamines; he became instantly hooked—and the lives of so many innocent people would forever be changed by the choices he made in order to feed his insatiable meth habit. . After a fateful discussion during his incarceration with a seasoned convict, Damon had a spiritual awakening. He learned that, like a coffee bean changing with the application of heat and pressure, he was capable of changing the environment around him. Armed with a program of recovery, a renewed faith, and a miraculous second chance at life, Damon emerged from over seven years of prison a changed man. His story of redemption, grit and determination continues to inspire audiences today. . Today, Damon lives a life of recovery and service, going to meetings and sharing his story all over the country with schools, churches, athletic teams, corporations, conferences and inside correctional facilities. Over the past few years, he has been sharing the Coffee Bean lesson with dozens of college football teams such as Clemson, Alabama, Georgia, and Texas, and countless schools and businesses. His #BeACoffeeBean message has inspired thousands from Walmart to the US Army to the NBA. . Damon's story has been featured both nationally and globally. His second book, The Coffee Bean, co-authored with best-selling author Jon Gordon, became an instant best-seller and a part of Forbes' “Top Twenty Books You Need to Read to Crush 2020.” Damon is passionate about the Coffee Bean message and loves sharing how it changed his life and how it can change yours, too. . His latest book (with coauthor, Jon Gordon), The Coffee Bean for Kids, is the genesis for Coffee Bean Clubs being started by students at schools all over America. . Of all the hats Damon wears, the two most important to him are being a husband to Kendell and a stepfather to Clara. One of his greatest fears upon re-entry was wondering if he would be able to find someone who found him worthy of love and a family of his own. Like most fears we all have in life, this one was unfounded. . Resources Mentioned in the Show: . Watch the Forgiven Felons Documentary: https://therokuchannel.roku.com/details/7abf5e84134e54a394b5b42544c08caa/forgiven-felons/season-1 . Damon's website: https://damonwest.org/ . Follow Damon on LinkedIn: https://www.linkedin.com/in/damon-west-685168152/ . Follow Damon on Facebook: https://www.facebook.com/damonjosephwest . Follow Damon on Instagram: https://www.instagram.com/damonwest7/ . Follow Damon on Twitter: https://twitter.com/damonwest7 . Buy The Coffee Bean book: :https://www.amazon.com/Coffee-Bean-Simple-Lesson-Positive/dp/1119430275/ref=pd_bxgy_img_1/142-7511727-4409935?pd_rd_w=237qC&pf_rd_p=c64372fa-c41c-422e-990d-9e034f73989b&pf_rd_r=VN9BYSC46J2RPNTY9RXJ&pd_rd_r=918f401c-412e-44b5-a360-97407de8bc0d&pd_rd_wg=FiYui&pd_rd_i=1119430275&psc=1 . Buy The Coffee Bean for Kids: https://www.amazon.com/Coffee-Bean-Kids-Simple-Positive/dp/B09ZLYV627/ref=sr_1_1?crid=33C5D35GT042L&keywords=coffee+bean+for+kids&qid=1653654048&s=books&sprefix=coffee+bean+for+kids%2Cstripbooks%2C108&sr=1-1 . Buy The Change Agent: https://www.amazon.com/The-Change-Agent-Damon-West-audiobook/dp/B07W682QT7/ref=sr_1_1?crid=2OASEVTFBVKWT&keywords=the+change+agent+damon+west&qid=1653654302&s=audible&sprefix=the+change+agent+damon+west%2Caudible%2C95&sr=1-1 . Buy The Locker Room: https://www.amazon.com/Locker-Room-Great-Overcome-Adversity/dp/111989784X/ref=sr_1_1?crid=23WI8FP2VBLDR&keywords=the+locker+room+damon+west&qid=1653654373&s=audible&sprefix=the+locker+room+damon+west%2Caudible%2C118&sr=1-1-catcorr . Learn about Coffee Bean CARES: https://beacoffeebeanfoundation.org/coffee-bean-cares/ . Our Sponsor's Information: RP Media, robprice6@gmail.com 214-354-6364 Tell them you heard it here. . How to get more involved with Forgiven Felons: . Leave a review and subscribe on iTunes: https://podcasts.apple.com/us/podcast/background-check-podcast/id1515831127 . Learn about our Future Plans: https://www.forgivenfelons.org/future-plans . Give to our organization: https://www.forgivenfelons.org/support . Follow Forgiven Felons on Instagram, Facebook, and Twitter.