The agreement emphasises on the willing of the two parties in guarantying the freedom of competition and preventing all monopolistic activities
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The paid-up value in companies’ establishment and capital increase for listed companies witnessed a growth rate of 5%.
Capital increase is used to finance all current financial obligations and repay premiums and interest-free loan
Supervision will cover monetary fund money despite antipathy of investment directors
Government will pay 30% of total dues to foreign oil companies by year-end
Sawiris-led Alliance purchasing 20% stake in Hermes from shareholders remains committed even if shares restricted from sale during first year
Further clarification required before final decision reached on bid by Egyptian investors to buy share of Hermes