{"id":630462,"date":"2018-04-22T04:08:42","date_gmt":"2018-04-22T04:08:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/22\/fra-can-suspend-investors-not-brokers\/"},"modified":"2018-04-22T04:08:42","modified_gmt":"2018-04-22T04:08:42","slug":"fra-can-suspend-investors-not-brokers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/22\/fra-can-suspend-investors-not-brokers\/","title":{"rendered":"FRA can suspend investors, not brokers"},"content":{"rendered":"

CORRECTION- Amendments to the capital market law gives the Financial Regulatory Authority the power to suspend trading on the EGX by specific investors<\/strong> without a court ruling, not brokerage houses as we reported on Thursday. The confusion arose from the interpretation of the word \u201c\u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u201d by the English-language report we cited. H\/t Mohamed E. and Abdel Wahab M. The story has been updated on our website<\/a>.<\/p>\n

CORRECTION- Schlumberger will invest USD 60 mn in a new data center in Egypt<\/strong>, not USD 60 bn as we noted in passing in Thursday\u2019s issue \u2014 our apologies for the typo. H\/t Sam W. The story has been updated on our website.<\/a><\/p>\n

*** 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. Check out the open positions<\/a>, from creative director to reporter, from Enterprise editor to senior investor relations advisor at Inktank.***<\/p>\n","protected":false},"excerpt":{"rendered":"

CORRECTION- Amendments to the capital market law gives the Financial Regulatory Authority the power to suspend trading on the EGX by specific investors without a court ruling, not brokerage houses as we reported on Thursday. The confusion arose from the interpretation of the word \u201c\u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u201d by the English-language report we cited. H\/t Mohamed E. and […]<\/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-630462","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"60936220-a696-48d5-8d1e-8d882934df43","order":"0","is_powered_by":true,"section_story_id":"a2061a40-aa8a-4b5e-90a8-0d61b932d364","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630441],"teaser":"","voice_url":""},"yoast_head":"\nFRA can suspend investors, not brokers - 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\/22\/fra-can-suspend-investors-not-brokers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA can suspend investors, not brokers\" \/>\n<meta property=\"og:description\" content=\"CORRECTION- Amendments to the capital market law gives the Financial Regulatory Authority the power to suspend trading on the EGX by specific investors without a court ruling, not brokerage houses as we reported on Thursday. 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The chairmen of FRA and the EGX can impose suspension as an\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":650191,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/19\/overseas-holdings-of-t-bills-triple-since-january-reach-egp-60-8-bn\/","url_meta":{"origin":630462,"position":1},"title":"Overseas holdings of T-bills triple since January, reach EGP 60.8 bn","author":"enterpriseam admin","date":"19 March 2017","format":false,"excerpt":"Foreign investors\u2019 holdings of Egyptian treasury bills by foreign investors have almost tripled since January, Bloomberg\u2019s Ahmed Feteha reports. Overseas holdings of T-bills amounted to EGP 60.8 bn (USD 3.3 bn) as of March 14, the Finance Ministry\u2019s head of public debt Samy Khallaf said in an interview. The number\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":574909,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/27\/foreign-holdings-of-egyptian-t-bills-continue-rising-in-july\/","url_meta":{"origin":630462,"position":2},"title":"Foreign holdings of Egyptian t-bills continue rising in July","author":"enterpriseam admin","date":"27 September 2020","format":false,"excerpt":"Foreign holdings of Egyptian t-bills continued to rebound for the second consecutive month in July, rising to USD 10.8 bn from USD 7.7 bn in June, according to CBE data (pdf). The uptick signals continued confidence among foreign investors following a tumultuous few months earlier this year. Net inflows rose\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":647249,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/07\/foreign-investors-holdings-in-t-bills-reach-usd-5-8-bn-as-of-april\/","url_meta":{"origin":630462,"position":3},"title":"Foreign investors\u2019 holdings in T-bills reach USD 5.8 bn as of April","author":"enterpriseam admin","date":"7 May 2017","format":false,"excerpt":"Foreign investors have increased their holdings in Egyptian treasury bills to USD 5.8 bn as of end of April, up from less than USD 1 bn before the EGP was floated in November, Finance Minister Amr El Garhy told President Abdel Fattah El Sisi in a meeting on Saturday. At\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":571248,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/cbe-sells-almost-usd-1-bn-in-one-year-usd-t-bills\/","url_meta":{"origin":630462,"position":4},"title":"CBE sells almost USD 1 bn in one-year USD t-bills","author":"enterpriseam admin","date":"5 May 2020","format":false,"excerpt":"The Central Bank of Egypt sold USD 975.4 mn of one-year USD-denominated treasury bills in an offering that was 1.3x oversubscribed, according to official figures. The CBE received over USD 1 bn of bids for the USD 800 mn bills it offered. 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