Omar Effendi
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…
PM inaugurates “Creative Egypt”, a grand handicrafts outlet
Business
July 9, 2015
PM inaugurates “Creative Egypt”, a grand handicrafts outlet
Prime Minister Ibrahim Mehleb opened on Wednesday a permanent market for handicrafts at the Omar Effendi department store in Mohandessin. Mehleb,…
Government may return LE 589 million to Saudi Omar Effendi investor
Business
April 26, 2015
Government may return LE 589 million to Saudi Omar Effendi investor
Ezzat Mahmoud, head of Omar Effendi, a company whose privatization has been nullified by a court decision, said that Investment…
Omar Effendi to start restructuring plan over losses, debts
Business
February 19, 2015
Omar Effendi to start restructuring plan over losses, debts
Omar Effendi will start a restructuring plan Thursday by putting forward 32 branches to partnership with the private sector, while…
Supreme Administrative Court nullifies Omar Effendi sale
Egypt
August 1, 2013
Supreme Administrative Court nullifies Omar Effendi sale
The Supreme Administrative Court has ruled to nullify the sale of 90 percent of the stocks of the iconic chain…
Workers clash with military police during privatization appeal hearings
Egypt
April 2, 2012
Workers clash with military police during privatization appeal hearings
Clashes erupted Monday between military police and workers from four companies that courts had returned to state ownership. The clashes…
Saudi investor asks to withdraw capital from nationalized company
Egypt
April 2, 2012
Saudi investor asks to withdraw capital from nationalized company
A prominent Saudi investor has asked to retrieve funds he invested in an Egyptian retail store chain that was subsequently…
Report: Egypt, Saudi Arabia agree to keep kingdom’s investments intact
Business
March 29, 2012
Report: Egypt, Saudi Arabia agree to keep kingdom’s investments intact
The People’s Assembly Economic Affairs Committee has agreed to uphold all existing contracts governing Saudi Arabia’s US$27 billion in Egyptian…
Deputy investment minister announces presidential bid
Egypt
March 1, 2012
Deputy investment minister announces presidential bid
Deputy Investment Minister, Yehia Hassan Abdel Hadi, said Thursday that he will enter the presidential race and hand his papers…
Ganzouri’s cabinet failing public sector companies
Business
December 18, 2011
Ganzouri’s cabinet failing public sector companies
Egypt’s 150 public sector companies are suffering from a lack of clear leadership at the ministerial level, according to senior…