nationalization

150 state historic buildings to be revamped by private sector
Egypt

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

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

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

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

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

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

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

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

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…
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