nationalization
150 state historic buildings to be revamped by private sector
Egypt
April 26, 2019
150 state historic buildings to be revamped by private sector
Egypt’s Minister of Public Enterprise Hesham Tawfik officially stated on Tuesday that the government is currently setting a plan to…
Egypt govt bill prepares companies for re-nationalization
Business
October 30, 2018
Egypt govt bill prepares companies for re-nationalization
Egypt’s Ministry of the Public Business Sector has prepared a draft law to eliminate the entanglements of companies returning…
Court withholds ruling on renationalization of companies
Egypt
January 21, 2013
Court withholds ruling on renationalization of companies
The Supreme Administrative Court on Monday withheld its scheduled ruling on the nationalization of the Misr Shebin El Kom Spinning…
Company exploiting Sukari Gold Mine halts work, citing government demand
Business
December 13, 2012
Company exploiting Sukari Gold Mine halts work, citing government demand
An official from the Sukari Gold Mine said on Thursday that work has stopped due to a diesel shortage. The…
Court rules Centamin’s Sukari mine contract invalid
Egypt
October 30, 2012
Court rules Centamin’s Sukari mine contract invalid
Centamin's contract to exploit the Sukari gold mine in Egypt is invalid, an Egyptian administrative court ruled on Tuesday,…
Through special office, government to protect Saudi investors
Business
October 4, 2012
Through special office, government to protect Saudi investors
In what appears to be a last-ditch effort for the government to settle several high-dollar deals domestically instead of paying…
Cabinet to challenge re-nationalization of cotton company
Business
December 20, 2011
Cabinet to challenge re-nationalization of cotton company
The cabinet is considering making a legal challenge to a court ruling annulling the privatization of the Nile Cotton Ginning…
Egypt ‘committed to free market’ after investor fears
Business
October 2, 2011
Egypt ‘committed to free market’ after investor fears
Egypt's deputy prime minister said on Sunday that his country was committed to a free market economy, after the ownership…
Finance minister: No more privatization or nationalization
Business
August 7, 2011
Finance minister: No more privatization or nationalization
The government will no longer privatize government-owned companies or nationalize private ones, said Finance Minister Hazem al-Beblawy in a press…