Dice wants a piece of the Export Subsidy Fund: Dice Sport and Casual Wear has said the government owes it EGP 200 mn in overdue export subsidies and has requested payment under the newly-implemented EGP 6 bn subsidy export framework, Al Mal reported. The company said it is owed EGP 125.8 mn from the government in overdue payments for 2018.

Background: Egypt last week inked undisclosed settlement agreements with Schneider Electric and Sumitomo Tires under the Export Subsidy Fund. The government has received 100 requests from companies to settle around EGP 900 mn worth of overdue subsidy payments through the new mechanism. The government has said large companies could speed up their repayments by announcing future investment plans in Egypt.

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