What we’re tracking on 08 June 2017
French Foreign Minister Jean-Yves Le Drian is arriving in Cairo today for talks with President Abdel Fattah El Sisi, Foreign Minister Sameh Shoukry, and Defense Minister Sedki Sobhi, Al Masry Al Youm reports. Expect the situation with Qatar to be rather near the top of the agenda.
The M&A battle of the year heated up yesterday as Cairo Three A Group offered EGP 45 per share of the National Company for Maize Products, trumping a rival offer from global giant Archer Daniels Midland. We have more on this and run of other exciting news from the buyout and private equity worlds in Speed Round, below, including three commitments from PE / VC outfits and a rare management buyout.
Those of you fasting today out of religious duty aren’t the only ones going without food. Some nutters in Silicon Valley — including the former boss of Evernote — are doing fasts as long as eight days to lose weight, CNBC reports. The catch: Drink as much coffee, tea and water as you want. Nerd Fitness has a primer on “IF” (as intermittent fasting is known), while former Men’s Health editor Peter Moore has literally written the book on the so-called “eight-hour diet” version of IF.
The only thing Qatar has ever done for us: Visitors to Enterprise’s website are up more 16% this week over last.
So, when do we eat? Maghrib prayers are at 6:55pm CLT in Cairo, and the cutoff time for sohour is 3:08am.