State Council defiant of Judicial Authority Act? Maglis Al Dawla (Council of State) presented one nominee to be the judicial body’s head, violating the controversial amendments to the Judicial Authority Act, which require it to present the names of three nominees to the president, Al Mal reports. The council’s deputy chief maintains that the move is not in defiance of President Abdel Fattah El Sisi and is based on the council’s belief in selecting its head on the basis of seniority, as the law originally stipulates, Al Shorouk reports.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…