Liquidation
The company declared that what the Ukrainian company Fash Mash presented is nothing more than a review of the company's various divisions, nor is it a proposal to develop the company or a detailed plan to purchase it.
The National Company for Iron and Steel is going through a horizontal split-up, a difficult step that was met with widespread criticism, prompting the Cabinet to explain the decision in a statement.
On January 11, 2021, the General Assembly of the Helwan-based company took a decision to liquidate the company due to losses and huge debts.
The source clarified to Egypt Today that the company’s branches in Germany, Belgium and Switzerland, are operating normally to date, and there is no news about their fate.
President Abdel Fatah al-Sisi revealed on Saturday that Egypt is seeking to become a regional digital hub that transmits data between Asia, Africa, and Europe.
The National Company for Cement’s story sheds the light on the plights of the public sector, currently shared by at least another 30 companies locally.
payments to toy makers are at risk in a dramatic turn of events as the iconic toy retailer speeds toward U.S. liquidation.
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