THE INTERNATIONAL TRADEMARK ASSOCIATION (INTA) HAS APPOINTED MOHAMED ELDIB, AS THE ANTI-COUNTERFEITING MIDDLE EAST AND AFRICA SUBCOMMITTEE CHAIR FOR THE YEAR 2022/2023

THE INTERNATIONAL TRADEMARK ASSOCIATION (INTA) HAS APPOINTED MOHAMED ELDIB, AS THE ANTI-COUNTERFEITING MIDDLE EAST AND AFRICA SUBCOMMITTEE CHAIR FOR THE YEAR 2022/2023

by | Dec 14, 2021 | News Station

The International Trademark Association (INTA) has appointed Mohamed Eldib, as the Anti-Counterfeiting Middle East and Africa Subcommittee Chair for the year 2022/2023.
The Anti-Counterfeiting Committee is committed to enforcing anti-counterfeiting procedures all across the world. The committee evaluates anti-counterfeiting treaties, laws, and regulations and encourages enforcement education.
LawTv Co. congratulates Mohamed Eldib, Partner at Eldib & Co.
You have made us all proud. Keep up the good work.
THE CENTRAL BANK: CONTINUING TO EXEMPT BANKS FROM APPLYING CONCENTRATION RATIONS IN THE CREDIT PORTFOLIOS

THE CENTRAL BANK: CONTINUING TO EXEMPT BANKS FROM APPLYING CONCENTRATION RATIONS IN THE CREDIT PORTFOLIOS

by | Dec 13, 2021 | Legal Alerts, News Station

The Central Bank: Continuing to exempt banks from applying concentration ratios in the credit portfolios of the 50 largest clients and the parties associated with it.
The Central Bank of Egypt has decided to extend the exemption for banks operating in the local market from applying the clause on the limits of credit bank portfolio concentration with the largest 50 clients and related parties until the end of December 2022.
The Central Bank emphasized that this came to support banks in playing their role in supporting the various economic sectors, particularly given the ongoing impact of the Corona virus’s ramifications.
There is no doubt that this will have a beneficial affect on the banks’ economy and assist them in making a strong comeback following the setback caused by the Corona virus.

FORBES: TALAT MOUSTAFA HOLDING GROUP ONE OF THE TOP EGYPTIAN REAL ESTATE COMPANIES

FORBES: TALAT MOUSTAFA HOLDING GROUP ONE OF THE TOP EGYPTIAN REAL ESTATE COMPANIES

by | Dec 13, 2021 | News Station

Talaat Moustafa Holding Group one of the top Egyptian companies among the Forbes global list of the 50 most powerful real estate companies in the Middle East and North Africa 2021
Talaat Moustafa Holding Group also exceeded its previous sales record by more than 27.5 billion pounds during the first nine months of 2021, raising its sales forecast to 30 billion pounds for the fiscal year 2021.
The holding company owns 74 million square metres of land and will have $8 billion in assets at the end of June 2021. More than 120,000 real estate units have been established by the company. Its most recent project, “Noor,” includes approximately 120,000 housing units, a 5-star hotel, and non-residential facilities. While the group recorded a net profit of $26.8 million in the second quarter of 2021, a 39 percent increase from the same period last year’s net profit of $19.3 million.
Talaat Moustafa was ranked tenth on the Forbes list, while Palm Hills Real Estate Development Company came in the 21st place, Meamar Al-Morshedy Company in the 24th place, and the Sixth of October Development and Investment Company (SODIC) in the 36th place.
Great job and a thankful effort, Talaat Mustafa, and always from success to success.
EZZ STEEL OFFICIALLY SETTLES THE “ABO HASHIMA” DEAL, WORTH 2.5 BILLION POUNDS

EZZ STEEL OFFICIALLY SETTLES THE “ABO HASHIMA” DEAL, WORTH 2.5 BILLION POUNDS

by | Dec 13, 2021 | News Station

Ezz Steel officially settles the “Abu Hashima” deal, worth 2.5 billion pounds
According to a statement sent to the Egyptian Stock Exchange by Ezz Steel, More Egypt for Financial Consultations prepared the Egyptian Steel fair value report.
According to a summary of the fair value report sent to the Stock Exchange on Sunday, the deal aims to buy 18 percent of Abu Hashima’s stake in Egyptian Steel, and Abu Hashima is currently acquiring 30 percent of the shares.
This stake will also be transferred through Ahmed Abu Hashima (founding partner) and Abu Hashima Steel Company for Steel Projects Management, according to the report.
Ezz Steel has stated that it will purchase this stake through its subsidiary Ezz Dekheila Steel – Alexandria and that the value of the transaction will be paid with company funds.
Ezz Steel Company announced that its exports to other countries have increased at an unprecedented rate, surpassing the value of one billion dollars.
During the first nine months of the current year ending September 2021, The statement showed that the company recorded exports worth 1.013 billion dollars during the period from January to September, while the exports of the first half amounted to 597 million dollars, while the exports of the third quarter (June-September) amounted to 416 million dollars.
great deal with Ezz Steel, which will have a positive impact on Egypt’s steel market.
SHALAKANY SUCCESSFULLY REPRESENTS THE SELLING SHAREHOLDERS OF ABUK IN A MULTI-MILLION-DOLLAR SALE

SHALAKANY SUCCESSFULLY REPRESENTS THE SELLING SHAREHOLDERS OF ABUK IN A MULTI-MILLION-DOLLAR SALE

by | Dec 12, 2021 | News Station

Shalakany successfully represented the National Investment Bank, the Industrial Development Authority, Al-Ahly Capital Holding Company, and the Chemical Industries Holding Company in the sale of approximately 10% of the shares of Abu Qir Fertilizers and Chemical Industries Company.
The multimillion-dollar sale is part of the government’s programme to list certain state-owned companies’ shares on local and international stock exchanges.
Their Partner Omar Sherif Kamal El Dine led the Shalakany team that worked on the transaction, which also included Omneya Abouhabaga and Rokaya Ghoneim.
“This transaction has been years in the making and we are very proud to have finally seen it through.” Said Omar Sherif