{"id":562643,"date":"2021-06-01T04:00:45","date_gmt":"2021-06-01T04:00:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/"},"modified":"2021-06-01T04:00:45","modified_gmt":"2021-06-01T04:00:45","slug":"acumen-v-omran-wraps","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/","title":{"rendered":"Acumen v Omran wraps"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Acumen just lost its appeal in its lawsuit against the FRA\u2019s Omran:<\/strong> Acumen Holding won\u2019t be receiving compensation from Financial Regulatory Authority boss Mohamed Omran after a Giza court yesterday again rejected its lawsuit, <a href=\"https:\/\/bit.ly\/3p4l0a7\">Al Mal<\/a> reports. The company was trying to claim EGP 20 mn in damages from Omran, alleging that its reputation was damaged after the regulator banned it from purchasing shares of Egypt Gas in 2017. Acumen was appealing a <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/28\/court-rejects-acumen-raya-lawsuits-against-fras-mohamed-omran-7244\/\">2019 court verdict<\/a> that didn\u2019t go in its favour.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Acumen just lost its appeal in its lawsuit against the FRA\u2019s Omran: Acumen Holding won\u2019t be receiving compensation from Financial Regulatory Authority boss Mohamed Omran after a Giza court yesterday again rejected its lawsuit, Al Mal reports. The company was trying to claim EGP 20 mn in damages from Omran, alleging that its reputation was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8678],"tags":[957,72,76,440],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562643","post","type-post","status-publish","format-standard","hentry","category-dispute-watch","tag-dispute-watch","tag-enterpriseam","tag-financial-regulatory-authority","tag-mohamed-omran","wpautop","entry"],"acf":{"mongo_id":"bf527c33-2d70-4dc4-87b6-4892e0d9141d","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[562633],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Acumen v Omran wraps - EnterpriseAM 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:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Acumen v Omran wraps\" \/>\n<meta property=\"og:description\" content=\"Acumen just lost its appeal in its lawsuit against the FRA\u2019s Omran: Acumen Holding won\u2019t be receiving compensation from Financial Regulatory Authority boss Mohamed Omran after a Giza court yesterday again rejected its lawsuit, Al Mal reports. The company was trying to claim EGP 20 mn in damages from Omran, alleging that its reputation was [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-01T04:00:45+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Acumen v Omran wraps\",\"datePublished\":\"2021-06-01T04:00:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/\"},\"wordCount\":86,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"dispute watch\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"Mohamed Omran\"],\"articleSection\":[\"DISPUTE WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/\",\"name\":\"Acumen v Omran wraps - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-06-01T04:00:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Acumen v Omran wraps\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Acumen v Omran wraps - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/","og_locale":"en_US","og_type":"article","og_title":"Acumen v Omran wraps","og_description":"Acumen just lost its appeal in its lawsuit against the FRA\u2019s Omran: Acumen Holding won\u2019t be receiving compensation from Financial Regulatory Authority boss Mohamed Omran after a Giza court yesterday again rejected its lawsuit, Al Mal reports. The company was trying to claim EGP 20 mn in damages from Omran, alleging that its reputation was [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-06-01T04:00:45+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Acumen v Omran wraps","datePublished":"2021-06-01T04:00:45+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/"},"wordCount":86,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["dispute watch","EnterpriseAM","Financial Regulatory Authority","Mohamed Omran"],"articleSection":["DISPUTE WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/","name":"Acumen v Omran wraps - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-06-01T04:00:45+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/01\/acumen-v-omran-wraps\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Acumen v Omran wraps"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":593466,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/28\/court-rejects-acumen-raya-lawsuits-against-fras-mohamed-omran\/","url_meta":{"origin":562643,"position":0},"title":"Court rejects Acumen, Raya lawsuits against FRA\u2019s Mohamed Omran","author":"enterpriseam admin","date":"28 November 2019","format":false,"excerpt":"DISPUTE WATCH- Court rejects Acumen Holding\u2019s lawsuit against FRA boss for reputational damage: A Giza court rejected yesterday a EGP 20 mn lawsuit filed by Acumen Holding against Financial Regulatory Authority (FRA) Chairman Mohamed Omran for alleged reputational damage, according to Al Mal. The company had demanded compensation for harm\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2993.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596733,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/acumen-files-egp-20-mn-lawsuit-against-fra-boss-for-reputational-damage\/","url_meta":{"origin":562643,"position":1},"title":"Acumen files EGP 20 mn lawsuit against FRA boss for reputational damage","author":"enterpriseam admin","date":"7 July 2019","format":false,"excerpt":"DISPUTE WATCH- Acumen files EGP 20 mn lawsuit against FRA boss for \u201creputational damage\u201d: A Giza court is expected to rule on 30 July on a EGP 20 mn lawsuit filed by Acumen Holding against Financial Regulatory Authority (FRA) boss Mohamed Omran for reputational damage, the local press reported. The\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568641,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/29\/fra-to-draft-law-to-regulate-fintech-sector-omran\/","url_meta":{"origin":562643,"position":2},"title":"FRA to draft law to regulate fintech sector -Omran","author":"enterpriseam admin","date":"29 January 2020","format":false,"excerpt":"LEGISLATION WATCH- The Financial Regulatory Authority (FRA) will begin working on a draft law to regulate the fintech industry in collaboration with the European Bank for Reconstruction & Development, FRA boss Mohamed Omran said, according to Al Shorouk. The authority has been considering legislation to govern crowdfunding, but decided to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599374,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/26\/administrative-court-overturns-fra-decision-against-acumen-on-egypt-gas-shares\/","url_meta":{"origin":562643,"position":3},"title":"Administrative court overturns FRA decision against Acumen on Egypt Gas shares","author":"enterpriseam admin","date":"26 June 2019","format":false,"excerpt":"DISPUTE WATCH- Administrative court overturns regulator\u2019s decision to ban Acumen from buying Egypt Gas shares: The Council of State\u2019s (Maglis El Dawla) administrative court has overturned the Financial Regulatory Authority\u2019s (FRA) decision to ban Acumen from buying Egypt Gas shares for three months, the local press reported. The court is\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":554280,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/28\/macro-group-scheduled-to-ipo-before-23-january-omran\/","url_meta":{"origin":562643,"position":4},"title":"Macro Group scheduled to IPO before 23 January -Omran","author":"enterpriseam admin","date":"28 December 2021","format":false,"excerpt":"Cosmeceuticals giant Macro Group Pharma is scheduled to IPO before 23 January, Financial Regulatory Authority (FRA) head Mohamed Omran told CNBC Arabia yesterday. The regulator gave Macro Group the greenlight on Sunday to offer up to 45.8% of its shares on the EGX, but its approval for the transaction that\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/512.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591570,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/egypts-market-regulator-looking-to-introduce-solvency-standards-for-nbfs\/","url_meta":{"origin":562643,"position":5},"title":"Egypt\u2019s market regulator looking to introduce solvency standards for NBFS","author":"enterpriseam admin","date":"10 December 2019","format":false,"excerpt":"REGULATION WATCH- Market regulator looking to introduce solvency standards for NBFS: The Financial Regulatory Authority (FRA) is planning to introduce regulations to ensure non-banking financial services firms remain solvent, FRA boss Mohamed Omran said at a conference yesterday, according to Al Mal. Omran did not disclose further details on the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=562643"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562643\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/562633"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=562643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=562643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=562643"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=562643"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=562643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}