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Workers protest gov’t appeal of privatization reversal verdict

  CAIRO: Hundreds of workers at several Egyptian companies protested Monday in front of the State Council against an appeal filed by the government contesting a ruling to retrieve these companies to the public sector after years of privatization under the former regime. The Administrative Court had issued rulings to regain the companies of Omar …

DNE

Egypt annuls 1990s deal to sell state company

CAIRO: An Egyptian administrative court has ruled that the sale of a state-owned company more than 13 years ago was null and void, sparking fears that ownership of a large number of firms on the bourse may be in doubt, traders said on Sunday. The ruling on Saturday said the state’s sale of more than …

DNE

Court suspends privatization contracts of three companies

CAIRO: The Administrative Court suspended Wednesday the privatization contracts of three privatized companies, returning them to the public sector. The court’s decision also cleared them of all debts and mortgages resulting from the privatization, and restored the rights of the companies’ workers. The Egyptian Center for Economic and Social Rights (ECESR) which filed the lawsuits …

DNE

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