The mega-welfare project known as Egyptian Iron and Steel just doesn’ want to go down without a fight: The Egyptian Trade Union Federation will file a lawsuit against the government’s decision to liquidate the company. The company officials have (rightly, if you ask us) refused to consider a turnaround proposal, the union said in a statement yesterday.

Other things we’re keeping an eye on this morning:

  • Prime Fintech’s Endorse will launch its factoring and leasing services this month, with an eye to offer consumer finance services shortly thereafter.
  • Al Shrook Scan will invest EGP 200 mn over the next two years to construct new medical labs in Cairo and their first Alexandria branch.
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