{"id":630550,"date":"2018-04-24T04:14:57","date_gmt":"2018-04-24T04:14:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/24\/ci-capital-ipo-fines-for-harassing-tourists-military-denounces-hrw-report-on-north-sinai\/"},"modified":"2018-04-24T04:14:57","modified_gmt":"2018-04-24T04:14:57","slug":"ci-capital-ipo-fines-for-harassing-tourists-military-denounces-hrw-report-on-north-sinai","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/24\/ci-capital-ipo-fines-for-harassing-tourists-military-denounces-hrw-report-on-north-sinai\/","title":{"rendered":"CI Capital IPO, fines for harassing tourists, military denounces HRW report on North Sinai"},"content":{"rendered":"<p><strong>The airwaves offered up a mixed bag of nuts last night, <\/strong>which included CI Capital\u2019s IPO, a new anti-tourist harassment law, and a Human Rights Watch report claiming North Sinai residents are in need of urgent aid.<\/p>\n<p><strong>Subscription for the retail offering of CI Capital\u2019s IPO closes today,<\/strong> CI Capital Chairman Mahmoud Atallah reminded Hona Al Asema\u2019s Lamees Al Hadidi. Atallah said that favorable economic conditions encouraged the company to follow through with its initial public offering this month, adding that the institutional tranche of the offering was more than 6x oversubscribed. The company had <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/22\/ci-capital-ipos-institutional-offering-6-1x-oversubscribed-share-priced-in-at-egp-7-70-trading-to-begin-on-30-april\/\">priced the share in<\/a> at EGP 7.70. Trading should start on 30 April (<a href=\"https:\/\/www.youtube.com\/watch?v=LfiLoPzsx2I\">watch, runtime: 1:41:43<\/a>).<\/p>\n<p><strong>Anyone caught harassing a tourist will face a fine of up to EGP 10,000: <\/strong>The House of Representatives approved yesterday to legislative amendments that imposes penalties of EGP 3,000-10,000 on anyone who \u201charasses tourists or visitors of archaeological sites or museums. The amendments <a href=\"https:\/\/www.egypttoday.com\/Article\/1\/48499\/Egypt-to-impose-LE-10-000-fine-on-those-harassing\">define harassment in a list of activities<\/a> that includes, but is not limited to promoting, offering, or selling any good or service to tourists (presumably without a permit to do so), and also begging. The House also gave a preliminary nod to amendments that impose harsher penalties of up to life in prison and fines ranging between EGP 1-10 mn for the smuggling, looting, or damaging of Egyptian artefacts, <a href=\"http:\/\/www.ahram.org.eg\/News\/202626\/136\/648138\/%D9%85%D8%AA%D8%A7%D8%A8%D8%B9%D8%A7%D8%AA\/%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D9%88%D8%A7%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%AD%D9%85%D8%A7%D9%8A%D8%A9-%D8%A7%D9%84%D8%A2%D8%AB%D8%A7%D8%B1---%D8%A7%D9%84%D8%B3%D8%AC%D9%86.aspx\">Ahram Gate reports<\/a>.<\/p>\n<p><strong>The amendments were necessary since harassment of tourists drives visitors away from Egypt, <\/strong>said the Secretary-General of the Supreme Council of Antiquities, Mostafa El Waziri, on Al Hayah Al Youm (<a href=\"https:\/\/www.youtube.com\/watch?v=aM7X7qFFwvk\">watch, runtime: 5:39<\/a>). They are, however, not enough, according to Egypt\u2019s self-proclaimed Indiana Jones Zahi Hawass, who said that tourist harassment should be punishable with prison sentences (<a href=\"https:\/\/www.youtube.com\/watch?v=88LO0N22XLs\">watch, runtime: 4:29<\/a>).<\/p>\n<p><strong>Egypt is once again in the spotlight on human rights <\/strong>following <a href=\"https:\/\/www.hrw.org\/news\/2018\/04\/23\/egypt-looming-humanitarian-crisis-sinai\">a Human Rights Watch report<\/a> claiming the military campaign to root out Daesh in North Sinai has stopped essential goods from reaching 420k residents in four northeastern cities. Armed Forces spokesperson Tamer El Refai dismissed the report, calling it untrue and based on \u201cflawed sources\u201d in a <a href=\"https:\/\/www.youm7.com\/story\/2018\/4\/23\/%D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%AB-%D8%A7%D9%84%D8%B9%D8%B3%D9%83%D8%B1%D9%89-%D9%8A%D8%B3%D8%AA%D9%86%D9%83%D8%B1-%D8%AA%D9%82%D8%B1%D9%8A%D8%B1-%D9%87%D9%8A%D9%88%D9%85%D8%A7%D9%86-%D8%B1%D8%A7%D9%8A%D8%AA%D8%B3-%D9%88%D9%8A%D8%A4%D9%83%D8%AF-%D8%A7%D9%84%D8%B3%D9%84%D8%B9-%D9%85%D8%AA%D9%88%D9%81%D8%B1%D8%A9-%D9%84%D8%A3%D9%87%D8%A7%D9%84%D9%89\/3760450\">statement to Youm7 on Monday<\/a>.<\/p>\n<p><strong>Supply Minister Ali El Moselhy also reaffirmed that North Sinai residents have full access to food commodities and other essential goods<\/strong>. He told Lamees that some goods were in short supply early on in the campaign, but that close coordination between the ministry and Armed Forces quickly plugged the gap (<a href=\"https:\/\/www.youtube.com\/watch?v=Pdb89tpFMrc\">watch, runtime: 9:43<\/a>). The report, however, is naturally receiving widespread coverage from a foreign press hungry to air any dirt on Egypt, <a href=\"https:\/\/www.theguardian.com\/world\/2018\/apr\/23\/egyptian-citizens-under-siege-anti-isis-military-operation\">including from the Guardian<\/a>.<\/p>\n<p>Meanwhile, <strong>Lamees dove into the legal aspects of a marriage between Egypt\u2019s smaller political parties under the Support Egypt Coalition<\/strong> (parliament\u2019s majority bloc) with legal expert Shawki El Sayed (<a href=\"https:\/\/www.youtube.com\/watch?v=-XNNzpJwMBM\">watch here, runtime: 3:57<\/a> and <a href=\"https:\/\/www.facebook.com\/cbc.HonaAl3asema\/videos\/1752403854822622\/\">here, runtime: 6:10<\/a>). While Labor Minister Mohamed Saafan spoke to Al Hayah Al Youm\u2019s Khaled Abu Bakr about progress on government efforts to register seasonal, private-sector workers (<a href=\"https:\/\/www.youtube.com\/watch?v=5s2jlvEbtpE\">watch, runtime: 8:28<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The airwaves offered up a mixed bag of nuts last night, which included CI Capital\u2019s IPO, a new anti-tourist harassment law, and a Human Rights Watch report claiming North Sinai residents are in need of urgent aid. Subscription for the retail offering of CI Capital\u2019s IPO closes today, CI Capital Chairman Mahmoud Atallah reminded Hona [&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":[9281],"tags":[2379,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630550","post","type-post","status-publish","format-standard","hentry","category-enterprise-last-nights-talk-shows","tag-enterprise-last-nights-talk-shows","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"b791c719-bf05-4525-8a19-357ed57ad225","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[630544],"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>CI Capital IPO, fines for harassing tourists, military denounces HRW report on North Sinai - 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\/24\/ci-capital-ipo-fines-for-harassing-tourists-military-denounces-hrw-report-on-north-sinai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CI Capital IPO, fines for harassing tourists, military denounces HRW report on North Sinai\" \/>\n<meta property=\"og:description\" content=\"The airwaves offered up a mixed bag of nuts last night, which included CI Capital\u2019s IPO, a new anti-tourist harassment law, and a Human Rights Watch report claiming North Sinai residents are in need of urgent aid. Subscription for the retail offering of CI Capital\u2019s IPO closes today, CI Capital Chairman Mahmoud Atallah reminded Hona [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/24\/ci-capital-ipo-fines-for-harassing-tourists-military-denounces-hrw-report-on-north-sinai\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-24T04:14:57+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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/24\/ci-capital-ipo-fines-for-harassing-tourists-military-denounces-hrw-report-on-north-sinai\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/24\/ci-capital-ipo-fines-for-harassing-tourists-military-denounces-hrw-report-on-north-sinai\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CI Capital IPO, fines for harassing tourists, military denounces HRW report on North Sinai\",\"datePublished\":\"2018-04-24T04:14:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/24\/ci-capital-ipo-fines-for-harassing-tourists-military-denounces-hrw-report-on-north-sinai\/\"},\"wordCount\":500,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Enterprise+: Last Night\u2019s Talk Shows\",\"EnterpriseAM\"],\"articleSection\":[\"Enterprise+: Last Night\u2019s Talk Shows\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/24\/ci-capital-ipo-fines-for-harassing-tourists-military-denounces-hrw-report-on-north-sinai\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/24\/ci-capital-ipo-fines-for-harassing-tourists-military-denounces-hrw-report-on-north-sinai\/\",\"name\":\"CI Capital IPO, fines for harassing tourists, military denounces HRW report on North Sinai - 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Also catching our attention is the Transport Ministry backtracking again on previous statements that the metro ticket prices were rising.CIB is yet to decide if it will change\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649706,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/07\/ci-capital-ipo-postponed-to-1q18-fx-concerns-still-loom-over-talking-heads\/","url_meta":{"origin":630550,"position":1},"title":"CI Capital IPO postponed to 1Q18; FX concerns still loom over talking heads","author":"enterpriseam admin","date":"7 March 2017","format":false,"excerpt":"CI Capital\u2019s IPO, which was slated for 2017, might be postponed to 1Q18, CEO Mahmoud Attallah tells Hona Al Asema\u2019s Lamees Al Hadidi. Speaking on the sale of CI Capital, Attallah said that the after the Egyptian Financial Supervisory Authority (EFSA) approved requests from 12 out of 15 interested investors,\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566078,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/macro-group-taps-efg-hermes-rencap-as-advisors-on-planned-ipo\/","url_meta":{"origin":630550,"position":2},"title":"Macro Group taps EFG Hermes, RenCap as advisors on planned IPO","author":"enterpriseam admin","date":"26 May 2021","format":false,"excerpt":"Cosmetics pharma giant Macro Group Pharma has reportedly tapped EFG Hermes to quarterback its planned IPO alongside Renaissance Capital, according to a report by Al Mal quoting founder and chairman Ahmed El Nayeb. Sources close to the transaction confirmed to Enterprise that EFG Hermes is involved in the IPO, but\u2026","rel":"","context":"In &quot;SPEED ROUND: IPO WATCH&quot;","block_context":{"text":"SPEED ROUND: IPO WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/450.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":632464,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/sinai-military-operations-tillerson-in-cairo-and-hona-al-shababs-new-season\/","url_meta":{"origin":630550,"position":3},"title":"Sinai military operations, Tillerson in Cairo, and Hona Al Shabab\u2019s new season","author":"enterpriseam admin","date":"12 February 2018","format":false,"excerpt":"The ongoing anti-terrorism military operation in Sinai was still the most popular topic on the airwaves last night. Hona Al Asema\u2019s Lamees Al Hadidi deviated from that path to promote the new season of her startup competition Hona Al Shabab, which kicks off on Wednesday with sponsorship from our friends\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630655,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/29\/ci-capital-ipo-raises-egp-1-7-bn\/","url_meta":{"origin":630550,"position":4},"title":"CI Capital IPO raises EGP 1.7 bn","author":"enterpriseam admin","date":"29 April 2018","format":false,"excerpt":"IPO WATCH- CI Capital\u2019s IPO raised EGP 1.7 bn, the EGX said in a statement on Thursday carried by Reuters. The institutional offering was c.6.1x oversubscribed, while the retail offering tranche of CI Capital\u2019s IPO on the Egyptian Exchange was 29.45x oversubscribed. Trading of the firm\u2019s shares, which will open\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":637677,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/ci-capital-to-ipo-in-2h2018\/","url_meta":{"origin":630550,"position":5},"title":"CI Capital to IPO in 2H2018","author":"enterpriseam admin","date":"22 November 2017","format":false,"excerpt":"IPO WATCH- CI Capital to IPO in 2H2018: Investment bank CI Capital is expected to list on the EGX in the second half of 2018, CEO Mahmoud Attallah tells Al Borsa. Last we heard, CI Capital\u2019s initial public offering was pushed to 1Q2018 from its slated date in 2017. In\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\/630550","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=630550"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/630550\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/630544"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=630550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=630550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=630550"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=630550"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=630550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}