{"id":629971,"date":"2018-04-05T03:57:06","date_gmt":"2018-04-05T03:57:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/correction-15\/"},"modified":"2018-04-05T03:57:06","modified_gmt":"2018-04-05T03:57:06","slug":"correction-15","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/correction-15\/","title":{"rendered":"Correction"},"content":{"rendered":"

CORRECTION-<\/strong> We had picked up a story from Al Shorouk<\/a>on 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/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-629971","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f9d5cad2-6ff0-40bc-8c9c-b4743d9b7dfb","order":"0","is_powered_by":true,"section_story_id":"9e133c3b-408e-4321-980c-5679a21090ac","story_type":"1","photo_url":"","photo_position":"above","related_issue":[629954],"teaser":"","voice_url":""},"yoast_head":"\nCorrection - 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\/04\/05\/correction-15\/\" \/>\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- 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. 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This amount is existing debt, which the company had restructured in 2018, according\u2026","rel":"","context":"In "Speed Round"","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":573007,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/fra-approves-nucas-egp-10-bn-securitized-bond-issuance\/","url_meta":{"origin":629971,"position":1},"title":"FRA approves NUCA\u2019s EGP 10 bn securitized bond issuance","author":"enterpriseam admin","date":"16 July 2020","format":false,"excerpt":"DEBT WATCH- FRA green-lights NUCA bond offering: The Financial Regulatory Authority (FRA) has approved the New Urban Communities Authority\u2019s EGP 10 bn securitized bond issuance, Hapi Journal reports, citing unnamed authority sources. The three-tranche issuance will be comprised of a EGP 2.6 bn, three-year offering, a EGP 6.2 bn, five-year\u2026","rel":"","context":"In "Speed Round"","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":623374,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/29\/correction-10\/","url_meta":{"origin":629971,"position":2},"title":"Correction","author":"enterpriseam admin","date":"29 October 2018","format":false,"excerpt":"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.","rel":"","context":"In "Speed Round"","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":629971,"position":3},"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 "Speed Round"","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":629971,"position":4},"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%. The story has since been corrected on our website.","rel":"","context":"In "Speed Round"","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":627152,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/24\/correction-12\/","url_meta":{"origin":629971,"position":5},"title":"Correction","author":"enterpriseam admin","date":"24 July 2018","format":false,"excerpt":"CORRECTION- French law firm Gide Loyrette Nouel was tapped as joint legal counsel for Cairo Investment and Real Estate Development\u2019s (CIRA) IPO, and not GED Lawyers as we wrote on Thursday. 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