Omar Effendi

Arab investment firm cancels plan to buy Omar Effendi
Business

Arab investment firm cancels plan to buy Omar Effendi

The Arab Company for Investment and Development (ACID) on Thursday said it has scrapped a plan to take over the…
Tax Authority seizes Omar Effendi bank funds for unpaid taxes
Business

Tax Authority seizes Omar Effendi bank funds for unpaid taxes

Head of the Omar Effendi workers syndicate Mohamed Gobaily announced that the Tax Authority had seized control of the department…
Omar Effendi crisis resolved
Business

Omar Effendi crisis resolved

The Cairo Regional Center for International Commercial Arbitration has finally resolved the four year problem between the Saudi owner of…
The bygone effendi of Egypt
Business

The bygone effendi of Egypt

The saga sparked by the Egyptian government’s sale of Omar Effendi--once Egypt’s most popular commercial outlet--is yet again causing controversy,…
New owner of Omar Effendi says govt agreed to sale
Business

New owner of Omar Effendi says govt agreed to sale

Mohamed Metwali, the new owner of Omar Effendi and head of the Arab Company for Investment and Development (AICR), said…
Omar Effendi back in Egyptian hands
Business

Omar Effendi back in Egyptian hands

The Saudi Anwal United Trading Company which owns nearly 85 percent of the Omar Effendi Company has sold its shares…
Today’s papers: Bad planning, gas to Israel, butane shortages
Egypt

Today’s papers: Bad planning, gas to Israel, butane shortages

Amendments to the natural gas export deal with Israel caught the attention of many newspapers today. Al-Shorouq reported that the…
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