Cleopatra Hospital Group’s Nile Badrawi Hospital has been served with a court order placing it under the Nile Transport Authority’s (NTA) administrative control to compel the hospital to pay the authority EGP 7 mn for allegedly using its land, Cleopatra Group said in a statement to the EGX. Cleopatra notes, however, that the Court for Urgent Matters issued a ruling on 27 November annulling the NTA’s 2016 claim against the hospital. The NTA had requested that the hospital pay EGP 36 mn for the land upon which Nile Badrawi Hospital is built.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Here’s why “temporary listings” are all the rage right now
The government plans to list Misr Travel and Egoth in…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…