{"id":630355,"date":"2018-04-18T04:14:41","date_gmt":"2018-04-18T04:14:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/"},"modified":"2018-04-18T04:14:41","modified_gmt":"2018-04-18T04:14:41","slug":"correction-on-ocs-capital-reduction","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/","title":{"rendered":"Correction on OC\u2019s capital reduction"},"content":{"rendered":"<p><strong>CORRECTION-<\/strong> A major goof on our part yesterday morning in a story about our friends at Orascom Construction saw us incorrectly cite where the company is listed. OC has a primary listing on the Nasdaq Dubai and a secondary listing on the EGX. With working hours running from about 7:45am until 6am the next day, we make mistakes sometimes \u2014 and we deeply regret the error.<\/p>\n<p><strong>Want to proofread us?<\/strong> Apologies to those offended by typos that slip through into your morning briefing, as some readers diligently and regularly point out. We would love to hire a proofreader to start working on our text at about 3:30am CLT daily. Interested? You need to be able to process 8-11k words daily (our pre-cut length; we publish typically publish 7-8k) in about two hours. Send applications to editorial@enterprise.press.<\/p>\n<p><strong>***<\/strong><\/p>\n<p><strong>SMART PEOPLE WANTED.<\/strong> We\u2019re hiring at both Enterprise and at our parent company, Inktank. We\u2019re looking for critical thinkers who have outstanding English-language writing skills. Don\u2019t apply if you are not (at an absolute minimum) unafraid of numbers. We offer a great, casual work environment, the opportunity to work with smart people who care about what they do, and plenty of intellectual challenge. You\u2019ll do your best work here, whatever your profession is. <a href=\"https:\/\/enterprise.press\/2018\/03\/18\/inktank-enterprise-hiring\/\">Check out the open positions<\/a>, from creative director to reporter, from Enterprise editor to senior investor relations advisor at Inktank.<\/p>\n<p><strong>***<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CORRECTION- A major goof on our part yesterday morning in a story about our friends at Orascom Construction saw us incorrectly cite where the company is listed. OC has a primary listing on the Nasdaq Dubai and a secondary listing on the EGX. With working hours running from about 7:45am until 6am the next day, [&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-630355","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"97c6c6ca-5661-40cb-9e00-303b4abb6ea8","order":"0","is_powered_by":true,"section_story_id":"89b1530f-7777-463d-9a2e-1414ff12f035","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630331],"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 on OC\u2019s capital reduction - 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\/18\/correction-on-ocs-capital-reduction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Correction on OC\u2019s capital reduction\" \/>\n<meta property=\"og:description\" content=\"CORRECTION- A major goof on our part yesterday morning in a story about our friends at Orascom Construction saw us incorrectly cite where the company is listed. OC has a primary listing on the Nasdaq Dubai and a secondary listing on the EGX. With working hours running from about 7:45am until 6am the next day, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-18T04:14:41+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Correction on OC\u2019s capital reduction\",\"datePublished\":\"2018-04-18T04:14:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/\"},\"wordCount\":242,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/\",\"name\":\"Correction on OC\u2019s capital reduction - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-04-18T04:14:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Correction on OC\u2019s capital reduction\"}]},{\"@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":"Correction on OC\u2019s capital reduction - 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\/2018\/04\/18\/correction-on-ocs-capital-reduction\/","og_locale":"en_US","og_type":"article","og_title":"Correction on OC\u2019s capital reduction","og_description":"CORRECTION- A major goof on our part yesterday morning in a story about our friends at Orascom Construction saw us incorrectly cite where the company is listed. OC has a primary listing on the Nasdaq Dubai and a secondary listing on the EGX. With working hours running from about 7:45am until 6am the next day, [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-04-18T04:14:41+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Correction on OC\u2019s capital reduction","datePublished":"2018-04-18T04:14:41+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/"},"wordCount":242,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/","name":"Correction on OC\u2019s capital reduction - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-04-18T04:14:41+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/18\/correction-on-ocs-capital-reduction\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Correction on OC\u2019s capital reduction"}]},{"@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":645129,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/correction-20\/","url_meta":{"origin":630355,"position":0},"title":"Correction","author":"enterpriseam admin","date":"12 July 2017","format":false,"excerpt":"CORRECTIONs - A couple of Mia Culpas this morning with our apologies. First, a grave typo went out yesterday in our coverage of inflation report. Monthly inflation recorded 0.8% in June 2017 for both core and urban inflation and not 1.8% as we have said in the story. We would\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":601864,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/correction-royal-ceramica-is-targeting-exports-to-africa-but-not-investing-in-morocco\/","url_meta":{"origin":630355,"position":1},"title":"Correction: Royal Ceramica is targeting exports to Africa, but not investing in Morocco","author":"enterpriseam admin","date":"12 March 2019","format":false,"excerpt":"CORRECTION- Contrary to a report in the domestic press that we noted in yesterday\u2019s edition, Royal Ceramica is not pursuing an EUR 12 mn investment in Morocco. Royal Ceramica CEO Hossam El Sallab reached out yesterday to let us know that the company is not investing in manufacturing facilities \u201cin\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":635964,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/18\/pharos-holding-to-support-at-lease-share-price-for-one-month-after-trading-starts\/","url_meta":{"origin":630355,"position":2},"title":"Pharos Holding to support AT Lease share price for one month after trading starts","author":"enterpriseam admin","date":"18 December 2017","format":false,"excerpt":"CORRECTION- Pharos Holding will be backing the share price of AT Lease for a period of one month after trading begins through a stabilization fund. Pharos Holding is listing 24% of the company\u2019s shares with book-building and subscriptions to the IPO to begin on Tuesday, 19 December. We reported incorrectly\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":599280,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/599280\/","url_meta":{"origin":630355,"position":3},"title":"CORRECTION- We mistakenly wrote yesterday\u2026","author":"enterpriseam admin","date":"24 June 2019","format":false,"excerpt":"CORRECTION- We mistakenly wrote yesterday morning that bitcoin\u2019s value breached the USD 15k mark. The cryptocurrency\u2019s value climbed above USD 10k. H\/t Kamal E. and Nagui C.T.","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":630355,"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 &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":627152,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/24\/correction-12\/","url_meta":{"origin":630355,"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. The story has since 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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/630355","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=630355"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/630355\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/630331"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=630355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=630355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=630355"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=630355"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=630355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}