{"id":596773,"date":"2019-07-08T04:00:34","date_gmt":"2019-07-08T04:00:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/emaar-el-nasr-sign-dispute-resolution-agreement\/"},"modified":"2019-07-08T04:00:34","modified_gmt":"2019-07-08T04:00:34","slug":"emaar-el-nasr-sign-dispute-resolution-agreement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/emaar-el-nasr-sign-dispute-resolution-agreement\/","title":{"rendered":"Emaar, El Nasr sign dispute resolution agreement"},"content":{"rendered":"

<\/a> DISPUTE WATCH- The Emaar vs. El Nasr beef is finally over: <\/b>Property developers Emaar Misr and state-owned El Nasr Housing will drop all arbitration cases against each other as part of a dispute resolution agreement signed last week, Emaar said in a bourse filing (pdf)<\/a>. The agreement settled all technical, financial, and procedural points and is set for review by the cabinet. No further details were given about the settlement.<\/p>\n

Background:<\/b> El Nasr brought an arbitration case against the local subsidiary of UAE-based Emaar in June 2017, alleging the company had failed to develop 3 mn sqm of land allotted to it in 2005, and that it unlawfully took 215k sqm within the borders of its Uptown Cairo project. Public Enterprises Minister Hisham Tawfik was quoted in the press<\/a> earlier this year as saying that the two companies would sign the final contracts to resolve the dispute.<\/p>\n","protected":false},"excerpt":{"rendered":"

DISPUTE WATCH- The Emaar vs. El Nasr beef is finally over: Property developers Emaar Misr and state-owned El Nasr Housing will drop all arbitration cases against each other as part of a dispute resolution agreement signed last week, Emaar said in a bourse filing (pdf). The agreement settled all technical, financial, and procedural points and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[957,1527,72,83,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596773","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-dispute-watch","tag-emaar-misr","tag-enterpriseam","tag-real-estate","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a48ca198-1920-4372-8505-c67eae1116d7","is_powered_by":true,"section_story_id":"1c514aaa-97b8-4ebb-8bdf-f6937134abbc","story_type":"1","photo_url":"","photo_position":"above","related_issue":[596764],"teaser":"","voice_url":""},"yoast_head":"\nEmaar, El Nasr sign dispute resolution agreement - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/emaar-el-nasr-sign-dispute-resolution-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emaar, El Nasr sign dispute resolution agreement\" \/>\n<meta property=\"og:description\" content=\"DISPUTE WATCH- The Emaar vs. El Nasr beef is finally over: Property developers Emaar Misr and state-owned El Nasr Housing will drop all arbitration cases against each other as part of a dispute resolution agreement signed last week, Emaar said in a bourse filing (pdf). The agreement settled all technical, financial, and procedural points and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/emaar-el-nasr-sign-dispute-resolution-agreement\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-08T04:00:34+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/emaar-el-nasr-sign-dispute-resolution-agreement\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/emaar-el-nasr-sign-dispute-resolution-agreement\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Emaar, El Nasr sign dispute resolution agreement\",\"datePublished\":\"2019-07-08T04:00:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/emaar-el-nasr-sign-dispute-resolution-agreement\/\"},\"wordCount\":151,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"dispute watch\",\"Emaar Misr\",\"EnterpriseAM\",\"real estate\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/emaar-el-nasr-sign-dispute-resolution-agreement\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/emaar-el-nasr-sign-dispute-resolution-agreement\/\",\"name\":\"Emaar, El Nasr sign dispute resolution agreement - 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Emaar said earlier this week that the two companies will\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593624,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/legal-proceedings-between-emaar-and-el-nasr-suspended-for-another-4-weeks\/","url_meta":{"origin":596773,"position":2},"title":"Legal proceedings between Emaar and El Nasr suspended for another 4 weeks","author":"enterpriseam admin","date":"3 October 2019","format":false,"excerpt":"DISPUTE WATCH- Emaar-El Nasr legal proceedings suspended for another four weeks: A freeze on legal proceedings between property developer Emaar Misr and state-owned El Nasr Housing has been suspended for another four weeks \u201cwith the purpose of reaching a settlement,\u201d Emaar said in an EGX disclosure (pdf). The two sides\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601595,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/emaar-el-nasr-negotiations-signal-potential-resolution-case-still-with-court\/","url_meta":{"origin":596773,"position":3},"title":"Emaar, El Nasr negotiations signal potential resolution, case still with court","author":"enterpriseam admin","date":"5 March 2019","format":false,"excerpt":"BEEF WATCH- Case against Emaar still under court review but negotiations are positive: An arbitration case againstEmaar Misrfiled by El Nasr Housingis still being reviewed by the Cairo Regional Centre for International Commercial Arbitration, the UAE-based company said in a statement (pdf). Negotiations between the two companies over their two-year-old\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596918,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/11\/madbouly-cabinet-signs-off-on-el-nasr-emaar-settlement\/","url_meta":{"origin":596773,"position":4},"title":"Madbouly Cabinet signs off on El Nasr, Emaar settlement","author":"enterpriseam admin","date":"11 July 2019","format":false,"excerpt":"DISPUTE WATCH- Madbouly Cabinet signs off on El Nasr, Emaar settlement: The Madbouly Cabinet has signed off on the settlement agreement between property developers Emaar Misr and state-owned El Nasr Housing, according to a cabinet statement. 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