Fragile ceasefire in Gaza: Egypt's intelligence chief visits Israel to advance peace process    Egypt, Qatar discuss Gaza aid, bilateral cooperation    Egypt, France agree to boost humanitarian aid, rebuild Gaza's health sector    Egypt implements 60% of 300 investment climate reforms: El-Khatib    AOI overhauls, repairs nitrogen fertilizer plant turbines for first time in Egypt    Egypt's SCZONE head meets with Toyota Tsusho, Tokyo officials on Japan tour    Egyptian junior and ladies' golf open to be held in New Giza, offers EGP 1m in prizes    EGX closes mixed on Oct. 21    The Survivors of Nothingness — Part Two    EGAS, Eni, TotalEnergies sign Cronos field handling agreement    Oil prices drop on Tuesday    Egypt discusses troop deployment to Somalia with foreign minister    Egypt's PM reviews efforts to remove Nile River encroachments    Health Minister reviews readiness of Minya for rollout of universal health insurance    Egypt strengthens ties with NEPAD at Aswan Forum    Sisi invites Egyptians to join Gaza reconstruction drive, citing shared humanity    Egypt screens 13.3m under presidential cancer detection initiative since mid-2023    Egypt launches official website for Grand Egyptian Museum ahead of November opening    The Survivors of Nothingness — Episode (I)    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt, WHO sign cooperation strategy to strengthen health system through 2028    Egypt successfully hosts Egyptian Amateur Open golf championship with 19-nation turnout    Africa can lead global recovery, Egypt's Sisi tells Aswan Forum    Egypt: Guardian of Heritage, Waiting for the World's Conscience    Egypt, Qatar sign MoU to boost cooperation in healthcare, food safety    Egypt will never relinquish historical Nile water rights, PM says    Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Egyptian Open Amateur Golf Championship 2025 to see record participation    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Court upholds ruling against privatization of Tanta Flax and Oil Company
Egyptian Administrative Court upholds a previous ruling in favour of re-nationalising the Tanta Flax and Oil Company
El Sayed Gamaleddine Published in Ahram Online on 28 - 09 - 2013

The National Administrative Court overturned an appeal filed against the renationalisation of the Tanta Flax and Oil Company on Saturday.
The court had ruled against the privatisation of the company in September 2011.
The company was privatised in 2005, when it was sold to Saudi investor Abdel-Ellah Al-Kaaky for less than its total value.
Privatisation caused hundreds of workers to lose their jobs and deprived the remaining workers of annual bonuses that they had routinely received when the factory was under state ownership.
On 17 April, the Dokki Misdemeanor Court gave former prime minister Hisham Qandil a suspended sentence of one year in prison, with a LE 2,000 bail, for failure to implement the verdict of the Administrative Court that ordered the re-nationalisation of the Tanta Flax and Oil Company and invalidated the sale of the company to Al-Kaaky.
http://english.ahram.org.eg/News/82677.aspx

Clic here to read the story from its source.