A court has issued an arrest warrant for steel magnate Ahmed Ezz in the case regarding obtaining a steel production license, Reuters’ Arabic service noted. The case was adjourned until 4 April. An arrest order was also issued for former Industrial Development Authority Chairman Amr Assal, a co-defendant in the case. According to lawyer Mohamed Hammouda, the court’s decision was procedural and came after the two defendants’ lawyers requested to postpone the plea hearing several times, Al Masry Al Youm reports.
More from Enterprise
CIB CEO Hisham Ezz Al Arab on why Egypt is ready to welcome digital-native banks
“Egypt is at the brink of an inflection point with…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Egypt looks to restart privatization push with five new EGX filings
Egypt is looking to temporarily list 20 state-owned companies this…
Instapay hits profitability as demand keeps up one year into 0.1% transaction fee
Instapay has also become the bridge between bank accounts and…