{"id":623374,"date":"2018-10-29T03:18:51","date_gmt":"2018-10-29T03:18:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/29\/correction-10\/"},"modified":"2018-10-29T03:18:51","modified_gmt":"2018-10-29T03:18:51","slug":"correction-10","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/29\/correction-10\/","title":{"rendered":"Correction"},"content":{"rendered":"<p><strong>CORRECTION- Whirlpool will be assembling Whirlpool-branded washing machines in a partnership with <\/strong><a href=\"https:\/\/mtiholding.net\/\"><strong>MTI Holding<\/strong><\/a>. An earlier story <a href=\"https:\/\/alborsaanews.com\/2018\/10\/22\/1143993\">in the domestic press<\/a>, which we noted last week, had said Whirlpool was doing a JV to assemble Ariston-branded white goods. We have <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/24\/whirlpool-to-build-washing-machine-jv-with-egyptian-partner\/\">updated the story on our website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CORRECTION- Whirlpool will be assembling Whirlpool-branded washing machines in a partnership with MTI Holding. An earlier story in the domestic press, which we noted last week, had said Whirlpool was doing a JV to assemble Ariston-branded white goods. We have updated the story on our website.<\/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":[8572],"tags":[72,131,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623374","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-manufacturing","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a7ce130d-d536-4f11-9749-5b9616716241","order":"0","is_powered_by":true,"section_story_id":"9cb275c9-2789-40b0-8660-b667e1f60441","story_type":"1","photo_url":"","photo_position":"above","related_issue":[623363],"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>Correction - 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\/2018\/10\/29\/correction-10\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Correction\" \/>\n<meta property=\"og:description\" content=\"CORRECTION- Whirlpool will be assembling Whirlpool-branded washing machines in a partnership with MTI Holding. 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MTI has already begun assembling Whirlpool washing machines in a EGP 150 mn facility, we noted earlier this month.\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601972,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/14\/misr-trade-and-investment-begins-assembly-of-whirlpool-washing-machines\/","url_meta":{"origin":623374,"position":2},"title":"Misr Trade and Investment begins assembly of Whirlpool washing machines","author":"enterpriseam admin","date":"14 March 2019","format":false,"excerpt":"Misr Trade and Investment has started assembling Whirlpool washing machines locally after a EGP 150 mn investment in a new factory, according to statements from chief executive Ashraf Omran reported by the local press. Target sales for the year between March 2019 to March 2020 are EGP 450 mn, with\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629971,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/correction-15\/","url_meta":{"origin":623374,"position":3},"title":"Correction","author":"enterpriseam admin","date":"5 April 2018","format":false,"excerpt":"CORRECTION- We had picked up a story from Al Shoroukon Monday, naming CIB as part of a banking consortium providing a EGP 1.5 bn syndicated loan. We have been since informed that CIB is not involved in the transaction. The story has been corrected on our website.","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":632808,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/20\/correction-sico-not-looking-to-ipo\/","url_meta":{"origin":623374,"position":4},"title":"Correction- SICO not looking to IPO","author":"enterpriseam admin","date":"20 February 2018","format":false,"excerpt":"CORRECTION- We had noted a story yesterday that device-maker SICO, which launched this week its low-cost, assembled-in-Egypt handset, is planning to list on the EGX. We have since been informed that the story, which ran in Al Mal and cites sources from SICO, is incorrect and that SICO has no\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":626679,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/correction-11\/","url_meta":{"origin":623374,"position":5},"title":"Correction","author":"enterpriseam admin","date":"9 July 2018","format":false,"excerpt":"CORRECTION- We had incorrectly noted that the tax on sales revenues for every company operating in Egypt to fund the Universal Healthcare Act was 0.0025%. The correct value for the tax was 0.25%. 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