ACCORDING TO THE INTERNATIONAL MONETARY FUND, EGYPT’S ECONOMY WILL BE THE SECOND-LARGEST ARAB AND AFRICAN ECONOMY BY 2022

ACCORDING TO THE INTERNATIONAL MONETARY FUND, EGYPT’S ECONOMY WILL BE THE SECOND-LARGEST ARAB AND AFRICAN ECONOMY BY 2022

by | Dec 12, 2021 | News Station

According to the International Monetary Fund, Egypt’s economy will be the second-largest Arab and African economy by 2022.
Egypt’s Information and Decision Support Center (IDSC) published on Tuesday7/12/2021 a report that included infographics highlighting the expectations of the International Monetary Fund (IMF) that the Egyptian economy will become the second-largest Arab and African economy during 2022, in a new international testimony to the continuation of the march of economic achievements.
THE SOVEREIGN OF EGYPT ATTRACTS THE AMERICAN ALLIANCE IN THE DEVELOPMENT AND REHABILITATE OF TAHRIR COMPLEX PROJECT, LED BY ADSERO AND ALLIANCE LAW FIRM

THE SOVEREIGN OF EGYPT ATTRACTS THE AMERICAN ALLIANCE IN THE DEVELOPMENT AND REHABILITATE OF TAHRIR COMPLEX PROJECT, LED BY ADSERO AND ALLIANCE LAW FIRM

by | Dec 12, 2021 | News Station

Dr. Hala Al-Saeed, Minister of Planning and Economic Development, mentioned that the Sovereign Fund was successful in attracting an investor: The American alliance that enters the Egyptian market for the first time, which is the American alliance, which includes the “Global Ventures” group, the “Oxford Capital Group,” and the “Al-Otaiba Investment Company,” through the process of developing the Tahrir Complex. Following a tender process aimed at attract developers and partners from all over the world who are specialize in the rehabilitation and development of historical buildings, they were liquidated into three alliances, with the American alliance winning the best technical and financial offer, as well as the alliance’s rich precedent for developing a group of historical buildings in America and Europe.
Al-Saeed goes on to explain that the agreement signed with the winning coalition to develop and rehabilitate the Tahrir Complex includes a 3.5 billion pound (three billion and five hundred million pound) investment within two years of the contracting company receiving the building.
She went on to say that the importance of developing the Tahrir Complex stems from its historical and symbolic value to the Egyptian people, as Tahrir Square is the most famous governmental site in downtown Cairo. And the state’s development efforts in the downtown area and Khedive Cairo.
Adsero had assisted The Sovereign Fund of Egypt (TSFE) with this landmark project. And the team was led by Mohamed Abdelgawad, Founding Partner and Head of Adsero’s Corporate, Commercial and Regulatory Department.
Alliance Law Firm – Egypt (ALE) is act as the legal advisor for the winning US Consortium, to develop & repurpose the Tahrir Complex. and The team was led by Dr. Ashraf Abou Elkheir Managing Partner and
Omar Farid partner
We are proud of this successful achievement by the sovereign fund and wish them more success.
And we congratulate Adsero and Alliance on their success, as well as on being the legal assistant and legal advisor for such a great deal.
For more information, you can check Ministry of Planning, and Economic Development coverage here:
PROHIBITION AND CRIMINALIZATION OF PUBLISHING RECOMMENDATIONS RELATED TO SECURITIES LISTED ON THE EGYPTIAN STOCK EXCHANGE

PROHIBITION AND CRIMINALIZATION OF PUBLISHING RECOMMENDATIONS RELATED TO SECURITIES LISTED ON THE EGYPTIAN STOCK EXCHANGE

by | Dec 12, 2021 | News Station

Prohibition and criminalization of publishing recommendations related to securities listed on the Egyptian Stock Exchange
The Financial Regulatory Authority’s Board of Directors approved a legislative proposal to add a new article in Chapter Six (Penalties) of Capital Market Law No. 95 of 1992, which includes prohibiting and criminalizing the publication of recommendations and advice related to securities listed on the Egyptian Stock Exchange on social media in order to deter people who issue and publish recommendations. Misleading advice is used to deceive small investors, causing them to lose money while benefiting personally.
Dr. Mohamed Omran, Chairman of the Financial Supervisory Authority, mentioned that reports of monitoring trading operations on Egyptian Stock Exchange securities revealed the presence of many pages on social networking sites dealing with dealing with Egyptian Stock Exchange securities.
as well as the fact that many people provided statements and information Providing advice and recommendations on stock exchange-listed securities and publishing them on those virtual pages with the goal of directing investment decisions for individuals to achieve personal benefit while harming small investors.
He goes on to explain that the authority has noticed that these pages include many Egyptian Stock Exchange dealers, and that the recommendations published on them actually affect the trends of the shares listed on the stock exchange, as well as the decisions of many investors, and that this frequently leads to moving and changing the prices of the securities for which the recommendations are issued.
that is what It falls under the category of securities price manipulation and was specifically prohibited in accordance with the provisions of Article 321 of the Executive Regulations of Capital Market Law No. 95 of 1992.
For more details check the link: مقترح تشريعي للرقابة المالية بحظر وتجريم نشر توصيات واستشارات للأوراق المالية المقيدة بالبورصة المصرية على صفحات التواصل الاجتماعي – الأحد 5 ديسمبر2021 – الهيئة العامة للرقابة المالية
JESSUP MOOT COURT COMPETITION 2018

JESSUP MOOT COURT COMPETITION 2018

by | Dec 8, 2021 | News Station

LawTv Co. out of its social responsibility towards the Legal Community was pleasured to cover Jessup – International Law Students Association (2018 ) International Moot Court Competition, Egypt’s National Rounds.

Jessup Moot Court Competition is considered the biggest in the International community, where more than700 law schools in 100 countries and jurisdictions compete to learn, culture exchange, and win the Jessup Cup!

. The Competition is a simulation of a fictional dispute between countries before the International Court of Justice, the judicial organ of the United Nations. One team is allowed to participate from every eligible school. Teams prepare oral and written pleadings arguing both the applicant and respondent positions of the case.

for more information, please visit: https://lawtveg.com/jessup-moot-court/ 

Shalakany SHALAKANY International Law Students Association

Philip C. Jessup International Law Moot Court Competition

#Law_Tv #Law #legal #Jessup #Shalakany #Lawfirms #competition #moot_court #team #community #schools #egypt #culture #students

CONGRATULATIONS ADSERO AND SAWIRIS IN CHIMERA CAPITAL PROJECT

CONGRATULATIONS ADSERO AND SAWIRIS IN CHIMERA CAPITAL PROJECT

by | Dec 8, 2021 | News Station

Adsero – Ragy Soliman & Partners deserves to be congratulated on this outstanding achievement:
In Gemini Global Development Egypt, Adsero assisted Chimera Capital in structuring, negotiating, and closing one of its most important real estate deals (GGDE).
Chimera has invested USD 100 million (EGP 1.5 billion) in GGDE to acquire a major minority stake in the company.
“Egyptian businessman Naguib Sawiris, CEO and Chairman of Ora Developers, announced the signing of an investment agreement with Abu Dhabi’s Chimera, in which Chimera, through its subsidiary, will subscribe to a capital increase in Gemini Global Development Egypt in exchange for a significant minority equity stake in Gemini.”
“Our goal for Ora Developers since conception has been to consistently explore possibilities that will allow us to expand our offers to multiple markets while partnering with prominent global investors, contractors, and retailers,” he said.
For further information, please visit:

https://www.cbnme.com/news/abu-dhabis-chimera-invests-100-million-in-gemini-global-development-egypt/