{"id":628054,"date":"2018-06-24T04:29:36","date_gmt":"2018-06-24T04:29:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/correction-14\/"},"modified":"2018-06-24T04:29:36","modified_gmt":"2018-06-24T04:29:36","slug":"correction-14","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/correction-14\/","title":{"rendered":"CORRECTION"},"content":{"rendered":"<p><strong>CORRECTION-<\/strong> In last week\u2019s Worth Reading on the state of Egypt\u2019s VCs by Wamda, it was incorrectly noted that Vezeeta\u2019s 2016 Series B round held the record in Egypt at USD 5 mn. That record was broken<a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/03\/wuzzuf-and-forasna-raise-usd-6-mn-in-series-b-funding\/\">last month<\/a> with BasharSoft\u2019s job recruitment platforms Wuzzuf and Forasna raising USD 6 mn in Series B funding last month. We\u2019ve <a href=\"https:\/\/enterprise.press\/stories\/2018\/06\/20\/is-egypt-becoming-a-hotbed-for-local-and-regional-vcs\/\">fixed the mistake<\/a> on our web edition.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CORRECTION- In last week\u2019s Worth Reading on the state of Egypt\u2019s VCs by Wamda, it was incorrectly noted that Vezeeta\u2019s 2016 Series B round held the record in Egypt at USD 5 mn. That record was brokenlast month with BasharSoft\u2019s job recruitment platforms Wuzzuf and Forasna raising USD 6 mn in Series B funding last [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628054","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"537343c5-af93-4b70-9ded-e0941e4d7192","order":"0","is_powered_by":true,"section_story_id":"df65e825-450f-4737-aef8-9552c08bf292","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628029],"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\/06\/24\/correction-14\/\" \/>\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- In last week\u2019s Worth Reading on the state of Egypt\u2019s VCs by Wamda, it was incorrectly noted that Vezeeta\u2019s 2016 Series B round held the record in Egypt at USD 5 mn. 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Job recruitment platforms Wuzzuf and Forasna \u2014 both owned by BasharSoft \u2014 have raised USD 6 mn in Series B funding, Forbes Middle East reports. The round was led by 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":627250,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/26\/correction-13\/","url_meta":{"origin":628054,"position":1},"title":"Correction","author":"enterpriseam admin","date":"26 July 2018","format":false,"excerpt":"CORRECTION- We incorrectly referred to Humansoft Holding\u2019s USD 226 mn secondary offering on the Kuwait Stock Exchange, which was successfully concluded in record time by sole sellside bookrunner and financial advisor EFG Hermes, as an IPO. We apologies for the mistake and the story has since been corrected 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":[]},{"id":622003,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/swvl-valued-at-usd-100-mn\/","url_meta":{"origin":628054,"position":2},"title":"Swvl valued at USD 100 mn?","author":"enterpriseam admin","date":"25 November 2018","format":false,"excerpt":"INVESTMENT WATCH- Swvl valued at USD 100 mn in series \u2018B\u2019 funding round? Mass transit app Swvl raised \u201ctens of mns of USD\u201d in Series \u2018B\u2019 funding from new and existing investors, CEO and co-founder Mostafa Kandil told Reuters on Thursday. While he did not disclose size of the round\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\/2018\/4\/1706.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601819,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/601819\/","url_meta":{"origin":628054,"position":3},"title":"CORRECTION- We wrote that Egypt\u2019s\u2026","author":"enterpriseam admin","date":"11 March 2019","format":false,"excerpt":"CORRECTION- We wrote that Egypt\u2019s crude oil production averaged 1.8 bbl\/d in February. We were wrong: Combined oil and gas production last month reached a record 1.8 mn barrels of oil equivalent (boe\/d). H\/t Tamer N.","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":628273,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/ksa-to-ramp-up-production-to-a-record-10-8-mn-bpd\/","url_meta":{"origin":628054,"position":4},"title":"KSA to ramp up production to a record 10.8 mn bpd","author":"enterpriseam admin","date":"28 June 2018","format":false,"excerpt":"Saudi Arabia reportedly plans to pump a record 10.8 mn barrels of crude a day starting July under a pact with OPEC that should see global oil output rise by 1 mn bpd for the second half of the year, unnamed sources tell Bloomberg. Energy Minister Khalid Al Falih said\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":604917,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/swvl-in-market-for-usd-50-100-mn-loan-to-fund-egypt-foreign-expansion\/","url_meta":{"origin":628054,"position":5},"title":"Swvl in market for USD 50-100 mn loan to fund Egypt, foreign expansion","author":"enterpriseam admin","date":"17 December 2018","format":false,"excerpt":"Swvl in market for USD 50-100 mn loan to fund local, global expansion: Mass transit app Swvl is in talks with Asia-based investment funds to secure a USD 50-100 mn loan to finance its local and global expansion plans, CEO and co-founder Mostafa Kandil tells Al Mal. Kandil is hoping\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\/628054","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=628054"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628054\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/628029"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=628054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=628054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=628054"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=628054"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=628054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}