Omar Effendi

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…
PM inaugurates “Creative Egypt”, a grand handicrafts outlet
Business

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

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

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

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

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

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

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

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

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…
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