{"id":2848,"date":"2026-08-05T14:56:20","date_gmt":"2026-08-05T11:56:20","guid":{"rendered":"https:\/\/dailybusiness.info\/?p=2848"},"modified":"2026-08-05T17:30:27","modified_gmt":"2026-08-05T14:30:27","slug":"maridive-oil-services-opens-books-to-the-arab-energy-fund-ahead-of-a-potential-acquisition","status":"publish","type":"post","link":"https:\/\/dailybusiness.info\/?p=2848","title":{"rendered":"Maridive &#038; Oil Services opens books to the Arab Energy Fund ahead of a potential acquisition"},"content":{"rendered":"<p>&nbsp;<\/p>\n<div>\n<figure class=\"wp-block-audio mb-0\"><audio src=\"https:\/\/ent.news\/internal\/audio\/polly-719745-1785897795.95e27334-2baa-442b-a782-c02c68413ffd.mp3\" preload=\"metadata\" controls=\"controls\"><strong>Good morning, <span synonyms=\"friends|pals|associates|buddies|mates\" class=\"synonym\">mates<\/span>.<\/strong> <span synonyms=\"We have|We now have|We've|We have now|We've got|Now we have\" class=\"synonym\">We&#8217;ve<\/span> three data-heavy <span synonyms=\"stories|tales\" class=\"synonym\">tales<\/span> <span synonyms=\"today|right now|at present|at this time|as we speak|at the moment|in the present day|immediately|right this moment\" class=\"synonym\">at this time<\/span>, <span synonyms=\"each|every\" class=\"synonym\">every<\/span> <span synonyms=\"painting|portray\" class=\"synonym\">portray<\/span> <span synonyms=\"a picture|an image\" class=\"synonym\">an image<\/span> of the <span synonyms=\"country|nation\" class=\"synonym\">nation<\/span> <span synonyms=\"moving|shifting|transferring\" class=\"synonym\">transferring<\/span> in <span synonyms=\"the right|the best|the proper|the correct|the appropriate|the fitting|the suitable|the precise\" class=\"synonym\">the proper<\/span> <span synonyms=\"direction|course|path|route\" class=\"synonym\">path<\/span>, if slowly.<\/p>\n<p><strong><span synonyms=\"Business|Enterprise\" class=\"synonym\">Enterprise<\/span> confidence hit a four-year <span synonyms=\"high|excessive\" class=\"synonym\">excessive<\/span> in July, even <span synonyms=\"as the|because the\" class=\"synonym\">because the<\/span> PMI stayed in contraction for a seventh straight month.<\/strong> On-the-ground <span synonyms=\"conditions|circumstances|situations\" class=\"synonym\">circumstances<\/span> are <span synonyms=\"still|nonetheless\" class=\"synonym\">nonetheless<\/span> <span synonyms=\"tough|robust|powerful\" class=\"synonym\">robust<\/span> as orders fall and <span synonyms=\"staff|employees|workers\" class=\"synonym\">workers<\/span> cuts <span synonyms=\"continue|proceed\" class=\"synonym\">proceed<\/span>, <span synonyms=\"but|however\" class=\"synonym\">however<\/span> <span synonyms=\"a temporary|a short lived|a brief\" class=\"synonym\">a brief<\/span> dip in <span synonyms=\"global|international|world\" class=\"synonym\">world<\/span> oil <span synonyms=\"prices|costs\" class=\"synonym\">costs<\/span> gave <span synonyms=\"firms|companies|corporations\" class=\"synonym\">corporations<\/span> optimism. The catch is that <span synonyms=\"prices|costs\" class=\"synonym\">costs<\/span> are already <span synonyms=\"starting to|beginning to\" class=\"synonym\">beginning to<\/span> climb <span synonyms=\"again|once more\" class=\"synonym\">once more<\/span> as regional tensions renew.<\/p>\n<p><strong>In capital markets, <span synonyms=\"foreign|overseas|international\" class=\"synonym\">international<\/span> <span synonyms=\"investors|buyers|traders\" class=\"synonym\">traders<\/span> <span synonyms=\"were|have been|had been\" class=\"synonym\">had been<\/span> <span synonyms=\"net|internet|web\" class=\"synonym\">internet<\/span> <span synonyms=\"buyers|consumers|patrons\" class=\"synonym\">consumers<\/span> in July<\/strong>, <span synonyms=\"picking|choosing|selecting\" class=\"synonym\">choosing<\/span> up a <span synonyms=\"net|internet|web\" class=\"synonym\">internet<\/span> EGP 1.4 bn in listed <span synonyms=\"stocks|shares\" class=\"synonym\">shares<\/span> <span synonyms=\"as the|because the\" class=\"synonym\">because the<\/span> EGX30 posted its <span synonyms=\"best|greatest|finest\" class=\"synonym\">greatest<\/span> month <span synonyms=\"since the|because the|for the reason that\" class=\"synonym\">for the reason that<\/span> spring rally. <span synonyms=\"But it|However it|Nevertheless it|But it surely\" class=\"synonym\">Nevertheless it<\/span> <span synonyms=\"might not|won't|may not\" class=\"synonym\">may not<\/span> be a <span synonyms=\"durable|sturdy\" class=\"synonym\">sturdy<\/span> <span synonyms=\"trend|development|pattern\" class=\"synonym\">pattern<\/span>, which is <span synonyms=\"worth|value|price\" class=\"synonym\">price<\/span> <span synonyms=\"keeping|maintaining|preserving|retaining|holding|protecting|conserving\" class=\"synonym\">holding<\/span> in <span synonyms=\"mind|thoughts\" class=\"synonym\">thoughts<\/span> <span synonyms=\"before|earlier than\" class=\"synonym\">earlier than<\/span> <span synonyms=\"reading|studying\" class=\"synonym\">studying<\/span> <span synonyms=\"too much|an excessive amount of\" class=\"synonym\">an excessive amount of<\/span> into one good month.<\/p>\n<p><strong>And in <span synonyms=\"energy|power|vitality\" class=\"synonym\">vitality<\/span>:<\/strong> <span synonyms=\"Five|5\" class=\"synonym\">5<\/span> new wells are <span synonyms=\"planned|deliberate\" class=\"synonym\">deliberate<\/span> <span synonyms=\"to come|to return|to come back\" class=\"synonym\">to come back<\/span> <span synonyms=\"online|on-line\" class=\"synonym\">on-line<\/span> in October, <span synonyms=\"adding|including\" class=\"synonym\">including<\/span> roughly 100 mmcf \/ d of <span synonyms=\"gas|fuel|gasoline\" class=\"synonym\">fuel<\/span>. That\u2019s progress, <span synonyms=\"but it|however it|nevertheless it|but it surely\" class=\"synonym\">but it surely<\/span>\u2019s not <span synonyms=\"enough|sufficient\" class=\"synonym\">sufficient<\/span> to offset declining extraction in <span synonyms=\"existing|present|current\" class=\"synonym\">present<\/span> fields. The <span synonyms=\"country|nation\" class=\"synonym\">nation<\/span> <span synonyms=\"is still|continues to be|remains to be\" class=\"synonym\">remains to be<\/span> reliant on imports, and the fragility of <span synonyms=\"that supply|that provide|that offer\" class=\"synonym\">that offer<\/span> chain was seen after <span synonyms=\"last|final\" class=\"synonym\">final<\/span> week\u2019s drone strike at Damietta.<\/p>\n<p><strong>***<\/strong><\/p>\n<p><a href=\"https:\/\/omny.fm\/shows\/enterpriseam-egypt\" target=\"_blank\"><strong>ARE YOU MORE OF A LISTENER?<\/strong><\/a> <a href=\"https:\/\/omny.fm\/shows\/enterpriseam-egypt\" target=\"_blank\">Morning Drive is a 10-minute summary<\/a> of <span synonyms=\"today|right now|at present|at this time|as we speak|at the moment|in the present day|immediately|right this moment\" class=\"synonym\">at this time<\/span>\u2019s <span synonyms=\"issue|problem|concern|situation|challenge|difficulty|subject\" class=\"synonym\">situation<\/span> crafted <span synonyms=\"for you to|so that you can\" class=\"synonym\">so that you can<\/span> <span synonyms=\"enjoy|take pleasure in|get pleasure from\" class=\"synonym\">take pleasure in<\/span> <span synonyms=\"with your|together with your|along with your\" class=\"synonym\">together with your<\/span> morning <span synonyms=\"coffee|espresso\" class=\"synonym\">espresso<\/span>, <span synonyms=\"while|whereas\" class=\"synonym\">whereas<\/span> getting <span synonyms=\"the kids|the youngsters|the children\" class=\"synonym\">the children<\/span> <span synonyms=\"ready|prepared\" class=\"synonym\">prepared<\/span> <span synonyms=\"for school|for college|for varsity\" class=\"synonym\">for college<\/span>, or driving <span synonyms=\"through|via|by way of|by means of|by\" class=\"synonym\">by<\/span> the morning rush. <strong>And <span synonyms=\"if you|should you|when you|in the event you|in case you|for those who|if you happen to\" class=\"synonym\">when you<\/span> <span synonyms=\"like it|prefer it\" class=\"synonym\">prefer it<\/span>, <span synonyms=\"tell|inform\" class=\"synonym\">inform<\/span> <span synonyms=\"your friends|your mates|your folks|your pals\" class=\"synonym\">your folks<\/span> <span synonyms=\"to tell|to inform\" class=\"synonym\">to inform<\/span> their <span synonyms=\"friends|pals|associates|buddies|mates\" class=\"synonym\">mates<\/span>. <span synonyms=\"They can|They will|They'll\" class=\"synonym\">They will<\/span> <span synonyms=\"find|discover\" class=\"synonym\">discover<\/span> us on<\/strong> <a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/enterpriseam-egypt\/id1617987136\" target=\"_blank\"><strong>Apple<\/strong><\/a><strong>,<\/strong> <a href=\"https:\/\/open.spotify.com\/show\/1hzX6KVJGkuj4udK2DvD5Y\" target=\"_blank\"><strong>Spotify<\/strong><\/a><strong>, or wherever they get their podcasts.<\/strong><\/p>\n<p><strong>***<\/strong><\/p>\n<p class=\"tag-border-left\"><strong>An open <span synonyms=\"book|e-book|guide|ebook|e book\" class=\"synonym\">e-book<\/span><\/strong><\/p>\n<p><a id=\"wwtt1\"><\/a><strong>EGX-listed Maridive &amp; Oil <span synonyms=\"Services|Providers|Companies\" class=\"synonym\">Companies<\/span> has agreed to open its books to the Arab <span synonyms=\"Energy|Power|Vitality\" class=\"synonym\">Vitality<\/span> Fund <span synonyms=\"ahead|forward\" class=\"synonym\">forward<\/span> of <span synonyms=\"a potential|a possible\" class=\"synonym\">a possible<\/span> acquisition<\/strong>, <span synonyms=\"according to|based on|in accordance with|in line with|in response to|in keeping with\" class=\"synonym\">in response to<\/span> a <a href=\"https:\/\/ent.news\/internal\/719733.pdf\" target=\"_blank\">bourse filing (pdf)<\/a>. The board <span synonyms=\"approved|accredited|permitted|accepted|authorised|authorized\" class=\"synonym\">authorized<\/span> signing a non-disclosure <span synonyms=\"agreement|settlement\" class=\"synonym\">settlement<\/span> <span synonyms=\"to allow|to permit\" class=\"synonym\">to permit<\/span> the fund and its advisors <span synonyms=\"to begin|to start\" class=\"synonym\">to start<\/span> regulatory and <span synonyms=\"financial|monetary\" class=\"synonym\">monetary<\/span> due diligence.<\/p>\n<p><strong><span synonyms=\"While|Whereas\" class=\"synonym\">Whereas<\/span> approving due diligence doesn\u2019t commit the offshore <span synonyms=\"services|providers|companies\" class=\"synonym\">companies<\/span> group to the <span synonyms=\"offer|supply|provide\" class=\"synonym\">supply<\/span> or <span synonyms=\"signal|sign\" class=\"synonym\">sign<\/span> board approval<\/strong>, it brings <span synonyms=\"the process|the method\" class=\"synonym\">the method<\/span> one step <span synonyms=\"closer|nearer\" class=\"synonym\">nearer<\/span> to a binding <span synonyms=\"offer|supply|provide\" class=\"synonym\">supply<\/span>. The transaction <span synonyms=\"remains|stays\" class=\"synonym\">stays<\/span> <span synonyms=\"subject|topic\" class=\"synonym\">topic<\/span> to regulatory and <span synonyms=\"internal|inner|inside\" class=\"synonym\">inside<\/span> approvals.<\/p>\n<p><strong>REFRESHER-<\/strong> The Arab <span synonyms=\"Energy|Power|Vitality\" class=\"synonym\">Vitality<\/span> Fund, a multilateral <span synonyms=\"institution|establishment\" class=\"synonym\">establishment<\/span> <span synonyms=\"formerly|previously\" class=\"synonym\">previously<\/span> <span synonyms=\"known as|generally known as|often known as|referred to as|often called\" class=\"synonym\">often called<\/span> the Arab Petroleum Investments <span synonyms=\"Corporation|Company\" class=\"synonym\">Company<\/span>, is eyeing a preliminary <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/07\/30\/arab-energy-fund-plans-to-submit-a-non-binding-offer-for-20-of-maridive\/\" target=\"_blank\">USD 0.65-0.72 per share<\/a> for 20% of Maridive, which <span synonyms=\"translates|interprets\" class=\"synonym\">interprets<\/span> to a 32% to 57% premium over the <span synonyms=\"target|goal\" class=\"synonym\">goal<\/span>\u2019s three- and six-month <span synonyms=\"trading|buying and selling\" class=\"synonym\">buying and selling<\/span> averages. The Arab <span synonyms=\"Energy|Power|Vitality\" class=\"synonym\">Vitality<\/span> Fund now has <span synonyms=\"up to|as much as\" class=\"synonym\">as much as<\/span> 60 <span synonyms=\"business|enterprise\" class=\"synonym\">enterprise<\/span> days <span synonyms=\"to complete|to finish\" class=\"synonym\">to finish<\/span> due diligence.<\/p>\n<p class=\"tag-border-left\"><strong>Westward push<\/strong><\/p>\n<p><a id=\"wwtt2\"><\/a><strong>PRE Group is planning an EGP 94 bn mixed-use <span synonyms=\"project|venture|challenge|undertaking|mission\" class=\"synonym\">venture<\/span> in New Zayed<\/strong>, <span synonyms=\"according to|based on|in accordance with|in line with|in response to|in keeping with\" class=\"synonym\">in response to<\/span> a <a href=\"https:\/\/ent.news\/2026\/8\/150.pdf\" target=\"_blank\">company statement (pdf)<\/a>. The <span synonyms=\"project|venture|challenge|undertaking|mission\" class=\"synonym\">venture<\/span>, which <span synonyms=\"will be|shall be|might be|will probably be|can be|will likely be\" class=\"synonym\">might be<\/span> developed by <span synonyms=\"one of|certainly one of|considered one of|one among|one in every of|one in all\" class=\"synonym\">one in all<\/span> PRE\u2019s subsidiaries, spans 380 feddans and is <span synonyms=\"targeting|concentrating on|focusing on\" class=\"synonym\">focusing on<\/span> EGP 147 bn in <span synonyms=\"sales|gross sales\" class=\"synonym\">gross sales<\/span>. <span synonyms=\"It will|It'll|It's going to|It is going to|It should|It can|It would\" class=\"synonym\">It can<\/span> <span synonyms=\"include|embrace|embody\" class=\"synonym\">embody<\/span> residential, administrative, <span synonyms=\"commercial|business|industrial\" class=\"synonym\">business<\/span>, and serviced-apartment <span synonyms=\"components|elements|parts\" class=\"synonym\">elements<\/span>, with <span synonyms=\"the first|the primary\" class=\"synonym\">the primary<\/span> <span synonyms=\"phase|part|section\" class=\"synonym\">section<\/span> scheduled for <span synonyms=\"delivery|supply\" class=\"synonym\">supply<\/span> <span synonyms=\"within|inside\" class=\"synonym\">inside<\/span> <span synonyms=\"four|4\" class=\"synonym\">4<\/span> years of the <span synonyms=\"sales|gross sales\" class=\"synonym\">gross sales<\/span> launch. PRE <span synonyms=\"did not|didn't\" class=\"synonym\">didn&#8217;t<\/span> disclose the subsidiary, <span synonyms=\"exact|actual|precise\" class=\"synonym\">precise<\/span> location, unit <span synonyms=\"count|rely|depend\" class=\"synonym\">rely<\/span>, launch date, or <span synonyms=\"development|improvement|growth\" class=\"synonym\">growth<\/span> <span synonyms=\"structure|construction\" class=\"synonym\">construction<\/span>.<\/p>\n<p><strong>IN CONTEXT-<\/strong> PRE has been <span synonyms=\"moving|shifting|transferring\" class=\"synonym\">transferring<\/span> <span synonyms=\"further|additional\" class=\"synonym\">additional<\/span> into hospitality and serviced <span synonyms=\"units|models|items\" class=\"synonym\">models<\/span>, with plans to <a href=\"https:\/\/enterpriseam.com\/egypt\/2026\/04\/06\/dragon-oil-places-usd-3-bn-on-gulf-of-suez-revival\/\" target=\"_blank\">sign agreements with eight international hotel brands<\/a> <span synonyms=\"to add|so as to add\" class=\"synonym\">so as to add<\/span> <span synonyms=\"nearly|almost|practically\" class=\"synonym\">almost<\/span> 10k rooms and serviced <span synonyms=\"apartments|flats|residences\" class=\"synonym\">flats<\/span> <span synonyms=\"across|throughout\" class=\"synonym\">throughout<\/span> <span synonyms=\"several|a number of\" class=\"synonym\">a number of<\/span> <span synonyms=\"projects|tasks|initiatives\" class=\"synonym\">initiatives<\/span>.<\/p>\n<p class=\"tag-border-left\"><strong><span synonyms=\"Data|Knowledge|Information\" class=\"synonym\">Information<\/span> <span synonyms=\"point|level\" class=\"synonym\">level<\/span><\/strong><\/p>\n<p><a id=\"wwtt3\"><\/a><strong>22% \u2014 that\u2019s how <span synonyms=\"much|a lot\" class=\"synonym\">a lot<\/span> <span synonyms=\"net|internet|web\" class=\"synonym\">internet<\/span> <span synonyms=\"foreign|overseas|international\" class=\"synonym\">international<\/span> <span synonyms=\"assets|belongings|property\" class=\"synonym\">belongings<\/span> in our banks rose m-o-m in June<\/strong>, <span synonyms=\"jumping|leaping\" class=\"synonym\">leaping<\/span> to USD 27.96 bn from USD 22.9 bn in <span synonyms=\"May|Might|Could\" class=\"synonym\">Might<\/span>. This marks the banking system\u2019s third straight <span synonyms=\"monthly|month-to-month\" class=\"synonym\">month-to-month<\/span> <span synonyms=\"increase|improve|enhance\" class=\"synonym\">improve<\/span> and its highest <span synonyms=\"level|degree|stage\" class=\"synonym\">stage<\/span> in <span synonyms=\"four|4\" class=\"synonym\">4<\/span> months, <span synonyms=\"according to|based on|in accordance with|in line with|in response to|in keeping with\" class=\"synonym\">in response to<\/span> <a href=\"https:\/\/ent.news\/2026\/8\/152.pdf\" target=\"_blank\">CBE data (pdf)<\/a>. <span synonyms=\"Total|Complete|Whole\" class=\"synonym\">Whole<\/span> <span synonyms=\"foreign|overseas|international\" class=\"synonym\">international<\/span> <span synonyms=\"assets|belongings|property\" class=\"synonym\">belongings<\/span> rose to USD 100.5 bn from USD 95.5 bn, <span synonyms=\"while|whereas\" class=\"synonym\">whereas<\/span> <span synonyms=\"foreign|overseas|international\" class=\"synonym\">international<\/span> liabilities edged <span synonyms=\"down to|right down to|all the way down to\" class=\"synonym\">right down to<\/span> USD 72.5 bn from USD 72.6 bn.<\/p>\n<p class=\"tag-border-left\"><strong>PSA-<\/strong><\/p>\n<p><strong>WEATHER-<\/strong> It\u2019s <span synonyms=\"still|nonetheless\" class=\"synonym\">nonetheless<\/span> <span synonyms=\"hot|scorching|sizzling\" class=\"synonym\">sizzling<\/span>, <span synonyms=\"but|however\" class=\"synonym\">however<\/span> <span synonyms=\"at least|a minimum of|no less than|at the least|at the very least|not less than\" class=\"synonym\">at the very least<\/span> <span synonyms=\"below|under|beneath\" class=\"synonym\">beneath<\/span> 40\u00b0C in Cairo <span synonyms=\"today|right now|at present|at this time|as we speak|at the moment|in the present day|immediately|right this moment\" class=\"synonym\">at this time<\/span>, with a <span synonyms=\"high|excessive\" class=\"synonym\">excessive<\/span> of 36\u00b0C and a low of 25\u00b0C, <span synonyms=\"according to|based on|in accordance with|in line with|in response to|in keeping with\" class=\"synonym\">in response to<\/span> <span synonyms=\"our favorite|our favourite\" class=\"synonym\">our favourite<\/span> <span synonyms=\"weather|climate\" class=\"synonym\">climate<\/span> app.<\/p>\n<p><strong>It\u2019s <span synonyms=\"still|nonetheless\" class=\"synonym\">nonetheless<\/span> nicer in Alexandria<\/strong>, with a <span synonyms=\"high|excessive\" class=\"synonym\">excessive<\/span> of 32\u00b0C and a low of 23\u00b0C.<\/p>\n<p class=\"tag-border-left\"><strong><span synonyms=\"The big|The large|The massive\" class=\"synonym\">The massive<\/span> story <span synonyms=\"abroad|overseas\" class=\"synonym\">overseas<\/span><\/strong><\/p>\n<p><strong>The regional <span synonyms=\"war|struggle|warfare|conflict|battle\" class=\"synonym\">battle<\/span> is on the <span synonyms=\"front|entrance\" class=\"synonym\">entrance<\/span> pages <span synonyms=\"once|as soon as\" class=\"synonym\">as soon as<\/span> <span synonyms=\"again|once more\" class=\"synonym\">once more<\/span><\/strong>, with US Treasury Secretary Scott Bessent <a href=\"https:\/\/www.cnbc.com\/2026\/08\/04\/bessent-says-there-may-be-deal-tuesday-or-wednesday-to-open-strait-of-hormuz-with-freedom-of-movement.html\" target=\"_blank\">saying<\/a> that the US and Iran <span synonyms=\"could|might|may\" class=\"synonym\">might<\/span> <span synonyms=\"reach|attain\" class=\"synonym\">attain<\/span> an <span synonyms=\"agreement|settlement\" class=\"synonym\">settlement<\/span> to open the Strait of Hormuz <span synonyms=\"today|right now|at present|at this time|as we speak|at the moment|in the present day|immediately|right this moment\" class=\"synonym\">at this time<\/span>. The proposed <span synonyms=\"arrangement|association\" class=\"synonym\">association<\/span> would <span synonyms=\"allow|permit|enable\" class=\"synonym\">enable<\/span> freedom of <span synonyms=\"movement|motion\" class=\"synonym\">motion<\/span> <span synonyms=\"in the|within the\" class=\"synonym\">within the<\/span> waterway, Bessent <span synonyms=\"said|stated|mentioned\" class=\"synonym\">mentioned<\/span>.<\/p>\n<p><strong><span synonyms=\"Speaking|Talking\" class=\"synonym\">Talking<\/span> of Washington<\/strong>, the Trump administration has <a href=\"https:\/\/www.ft.com\/content\/b0f728aa-1e71-4bb0-b50f-2e0818712734?syn-25a6b1a6=1\" target=\"_blank\">shelled out<\/a> some USD 100 bn in tariff refunds <span synonyms=\"since the|because the|for the reason that\" class=\"synonym\">for the reason that<\/span> Supreme <span synonyms=\"Court|Courtroom|Court docket\" class=\"synonym\">Court docket<\/span> <span synonyms=\"said|stated|mentioned\" class=\"synonym\">mentioned<\/span> that it <span synonyms=\"did not|didn't\" class=\"synonym\">didn&#8217;t<\/span> have the authority <span synonyms=\"to use|to make use of\" class=\"synonym\">to make use of<\/span> emergency powers <span synonyms=\"to place|to put|to position\" class=\"synonym\">to position<\/span> levies on US <span synonyms=\"trading|buying and selling\" class=\"synonym\">buying and selling<\/span> <span synonyms=\"partners|companions\" class=\"synonym\">companions<\/span>. The <span synonyms=\"figure|determine\" class=\"synonym\">determine<\/span> paid represents 60% of the levies <span synonyms=\"associated with|related to\" class=\"synonym\">related to<\/span> US President Donald Trump\u2019s Liberation Day tariff frenzy <span synonyms=\"announced|introduced\" class=\"synonym\">introduced<\/span> <span synonyms=\"last|final\" class=\"synonym\">final<\/span> <span synonyms=\"year|yr|12 months\" class=\"synonym\">12 months<\/span>.<\/p>\n<p><strong>AI <span synonyms=\"models|fashions\" class=\"synonym\">fashions<\/span> by OpenAI and Anthropic are in <span synonyms=\"hot|scorching|sizzling\" class=\"synonym\">sizzling<\/span> water <span synonyms=\"once|as soon as\" class=\"synonym\">as soon as<\/span> <span synonyms=\"again|once more\" class=\"synonym\">once more<\/span><\/strong>, after reportedly <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-08-04\/openai-says-models-breached-boundaries-during-outside-testing\" target=\"_blank\">taking unauthorized online actions<\/a> and <span synonyms=\"attempting|trying|making an attempt\" class=\"synonym\">trying<\/span> to deploy <span synonyms=\"harmful|dangerous\" class=\"synonym\">dangerous<\/span> code \u2014 <span synonyms=\"the latest|the newest|the most recent\" class=\"synonym\">the most recent<\/span> breaches <span synonyms=\"raising|elevating\" class=\"synonym\">elevating<\/span> <span synonyms=\"concerns|considerations|issues\" class=\"synonym\">issues<\/span> that <span synonyms=\"developers|builders\" class=\"synonym\">builders<\/span> <span synonyms=\"cannot|can't|can not\" class=\"synonym\">can not<\/span> <span synonyms=\"fully|absolutely|totally\" class=\"synonym\">absolutely<\/span> <span synonyms=\"control|management\" class=\"synonym\">management<\/span> their AI <span synonyms=\"systems|methods|techniques|programs\" class=\"synonym\">techniques<\/span>. The UK <span synonyms=\"government|authorities\" class=\"synonym\">authorities<\/span>\u2019s AI <span synonyms=\"Security|Safety\" class=\"synonym\">Safety<\/span> Institute reported that one <span synonyms=\"model|mannequin\" class=\"synonym\">mannequin<\/span> <span synonyms=\"attempted|tried\" class=\"synonym\">tried<\/span> <span synonyms=\"to add|so as to add\" class=\"synonym\">so as to add<\/span> <span synonyms=\"harmful|dangerous\" class=\"synonym\">dangerous<\/span> code to an open-source <span synonyms=\"software|software program\" class=\"synonym\">software program<\/span> <span synonyms=\"project|venture|challenge|undertaking|mission\" class=\"synonym\">venture<\/span> on cloud-based <span synonyms=\"hosting|internet hosting\" class=\"synonym\">internet hosting<\/span> service Github.<\/p>\n<p><strong>Procter &amp; Gamble has<\/strong> <a href=\"https:\/\/www.ft.com\/content\/237bfa1a-e1af-493c-a6a6-ef2f36b519f8?syn-25a6b1a6=1\" target=\"_blank\"><strong>acquired<\/strong><\/a> <strong><span synonyms=\"supplement|complement\" class=\"synonym\">complement<\/span> maker Thorne for USD 3.8 bn<\/strong>, <span synonyms=\"expanding|increasing\" class=\"synonym\">increasing<\/span> the <span synonyms=\"firm|agency\" class=\"synonym\">agency<\/span>\u2019s foothold in a <span synonyms=\"business|enterprise\" class=\"synonym\">enterprise<\/span> that has been on the upswing <span synonyms=\"since the|because the|for the reason that\" class=\"synonym\">for the reason that<\/span> Covid-19 pandemic. P&amp;G <span synonyms=\"aims|goals\" class=\"synonym\">goals<\/span> to fortify its <span synonyms=\"position|place\" class=\"synonym\">place<\/span> in premium wellness, noting that <span synonyms=\"consumer|shopper|client\" class=\"synonym\">shopper<\/span> <span synonyms=\"interest|curiosity\" class=\"synonym\">curiosity<\/span> in self-care, prevention, and wellness is widening. The allcash bid will <span synonyms=\"close|shut\" class=\"synonym\">shut<\/span> by 4Q.<\/p>\n<hr class=\"insert-line\" \/>\n<p><span style=\"font-weight: 400;\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2503.jpg?w=780&amp;ssl=1\" \/><\/span><\/p>\n<p><strong>*** It\u2019s Hardhat day \u2014 your weekly briefing of all <span synonyms=\"things|issues\" class=\"synonym\">issues<\/span> infrastructure in Egypt:<\/strong> EnterpriseAM\u2019s <span synonyms=\"industry|business|trade\" class=\"synonym\">business<\/span> vertical focuses <span synonyms=\"each|every\" class=\"synonym\">every<\/span> Wednesday on infrastructure, <span synonyms=\"covering|overlaying|masking|protecting\" class=\"synonym\">protecting<\/span> <span synonyms=\"everything|every thing|every little thing|the whole lot|all the things|every part|all the pieces\" class=\"synonym\">every part<\/span> from <span synonyms=\"energy|power|vitality\" class=\"synonym\">vitality<\/span>, water, transportation, <span synonyms=\"and urban|and concrete\" class=\"synonym\">and concrete<\/span> <span synonyms=\"development|improvement|growth\" class=\"synonym\">growth<\/span>, <span synonyms=\"as well as|in addition to\" class=\"synonym\">in addition to<\/span> social infrastructure <span synonyms=\"such as|similar to|corresponding to|comparable to|akin to|reminiscent of|resembling|equivalent to\" class=\"synonym\">resembling<\/span> <span synonyms=\"health|well being\" class=\"synonym\">well being<\/span> and <span synonyms=\"education|schooling|training\" class=\"synonym\">training<\/span>.<\/p>\n<p><strong>In <span synonyms=\"today|right now|at present|at this time|as we speak|at the moment|in the present day|immediately|right this moment\" class=\"synonym\">at this time<\/span>\u2019s <span synonyms=\"issue|problem|concern|situation|challenge|difficulty|subject\" class=\"synonym\">situation<\/span>:<\/strong> We dive deep into Egypt\u2019s first <span synonyms=\"mandatory|obligatory|necessary\" class=\"synonym\">obligatory<\/span> <span synonyms=\"green|inexperienced\" class=\"synonym\">inexperienced<\/span> <span synonyms=\"building|constructing\" class=\"synonym\">constructing<\/span> requirement and <span synonyms=\"look at|take a look at|have a look at\" class=\"synonym\">have a look at<\/span> who <span synonyms=\"will be|shall be|might be|will probably be|can be|will likely be\" class=\"synonym\">might be<\/span> absorbing <span synonyms=\"the cost|the price|the fee|the associated fee\" class=\"synonym\">the fee<\/span>.<\/p>\n<h3 class=\"jp-relatedposts-headline\"><em><span synonyms=\"Related|Associated\" class=\"synonym\">Associated<\/span><\/em><\/h3>\n<p><\/audio><\/figure>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Good morning, mates. We&#8217;ve three data-heavy tales at this time, every portray an image of the nation transferring in the proper path, if slowly. Enterprise confidence hit a four-year excessive in July, even because the PMI stayed in contraction for a seventh straight month. On-the-ground circumstances are nonetheless robust as orders fall and workers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2849,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[176],"tags":[],"class_list":["post-2848","post","type-post","status-publish","format-standard","has-post-thumbnail","category-podcast"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Maridive &amp; Oil Services opens books to the Arab Energy Fund ahead of a potential acquisition - daily business egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailybusiness.info\/?p=2848\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maridive &amp; Oil Services opens books to the Arab Energy Fund ahead of a potential acquisition\" \/>\n<meta property=\"og:description\" content=\"&nbsp; Good morning, mates. We&#8217;ve three data-heavy tales at this time, every portray an image of the nation transferring in the proper path, if slowly. Enterprise confidence hit a four-year excessive in July, even because the PMI stayed in contraction for a seventh straight month. On-the-ground circumstances are nonetheless robust as orders fall and workers [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailybusiness.info\/?p=2848\" \/>\n<meta property=\"og:site_name\" content=\"daily business egypt\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-05T11:56:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-05T14:30:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailybusiness.info\/wp-content\/uploads\/2026\/08\/171.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/dailybusiness.info\\\/?p=2848#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/dailybusiness.info\\\/?p=2848\"},\"author\":{\"name\":\"editor\",\"@id\":\"https:\\\/\\\/dailybusiness.info\\\/#\\\/schema\\\/person\\\/5c888b833e3e0965286e12f36635bd51\"},\"headline\":\"Maridive &#038; 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Good morning, mates. We&#8217;ve three data-heavy tales at this time, every portray an image of the nation transferring in the proper path, if slowly. Enterprise confidence hit a four-year excessive in July, even because the PMI stayed in contraction for a seventh straight month. On-the-ground circumstances are nonetheless robust as orders fall and workers [&hellip;]","og_url":"https:\/\/dailybusiness.info\/?p=2848","og_site_name":"daily business egypt","article_published_time":"2026-08-05T11:56:20+00:00","article_modified_time":"2026-08-05T14:30:27+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/dailybusiness.info\/wp-content\/uploads\/2026\/08\/171.jpg","type":"image\/jpeg"}],"author":"editor","twitter_card":"summary_large_image","twitter_misc":{"Written by":"editor","Estimated reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/dailybusiness.info\/?p=2848#article","isPartOf":{"@id":"https:\/\/dailybusiness.info\/?p=2848"},"author":{"name":"editor","@id":"https:\/\/dailybusiness.info\/#\/schema\/person\/5c888b833e3e0965286e12f36635bd51"},"headline":"Maridive &#038; Oil Services opens books to the Arab Energy Fund ahead of a potential acquisition","datePublished":"2026-08-05T11:56:20+00:00","dateModified":"2026-08-05T14:30:27+00:00","mainEntityOfPage":{"@id":"https:\/\/dailybusiness.info\/?p=2848"},"wordCount":1001,"commentCount":0,"publisher":{"@id":"https:\/\/dailybusiness.info\/#organization"},"image":{"@id":"https:\/\/dailybusiness.info\/?p=2848#primaryimage"},"thumbnailUrl":"https:\/\/dailybusiness.info\/wp-content\/uploads\/2026\/08\/171.jpg","articleSection":["Podcast"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/dailybusiness.info\/?p=2848#respond"]}]},{"@type":"WebPage","@id":"https:\/\/dailybusiness.info\/?p=2848","url":"https:\/\/dailybusiness.info\/?p=2848","name":"Maridive & Oil Services opens books to the Arab Energy Fund ahead of a potential acquisition - daily business egypt","isPartOf":{"@id":"https:\/\/dailybusiness.info\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dailybusiness.info\/?p=2848#primaryimage"},"image":{"@id":"https:\/\/dailybusiness.info\/?p=2848#primaryimage"},"thumbnailUrl":"https:\/\/dailybusiness.info\/wp-content\/uploads\/2026\/08\/171.jpg","datePublished":"2026-08-05T11:56:20+00:00","dateModified":"2026-08-05T14:30:27+00:00","breadcrumb":{"@id":"https:\/\/dailybusiness.info\/?p=2848#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dailybusiness.info\/?p=2848"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/dailybusiness.info\/?p=2848#primaryimage","url":"https:\/\/dailybusiness.info\/wp-content\/uploads\/2026\/08\/171.jpg","contentUrl":"https:\/\/dailybusiness.info\/wp-content\/uploads\/2026\/08\/171.jpg","width":1920,"height":1280},{"@type":"BreadcrumbList","@id":"https:\/\/dailybusiness.info\/?p=2848#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dailybusiness.info\/"},{"@type":"ListItem","position":2,"name":"Maridive &#038; 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