{"id":601541,"date":"2019-03-04T04:18:09","date_gmt":"2019-03-04T04:18:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/emaar-vs-el-nasr-set-to-wrap-up-for-good\/"},"modified":"2019-03-04T04:18:09","modified_gmt":"2019-03-04T04:18:09","slug":"emaar-vs-el-nasr-set-to-wrap-up-for-good","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/emaar-vs-el-nasr-set-to-wrap-up-for-good\/","title":{"rendered":"Emaar vs. El Nasr set to wrap up for good"},"content":{"rendered":"

<\/a> BEEF WATCH- Emaar vs. El Nasr beef looks set to wrap up for good: <\/b>Emaar Misr and El Nasr Housing will sign next week the final contracts to resolve their two-year-old dispute over a land plot and delays in Emaar\u2019s Uptown Cairo project, Public Enterprises Minister Hisham Tawfik said, according to Al Mal<\/a>. The two reached an agreement<\/a> last year whereby the former will pay EGP 100 mn to settle. The agreement also involves Emaar completing the project, and either returning 5% of the project land or buying it at market value.<\/p>\n

Background: <\/b>State-owned El Nasr brought an arbitration case against Emaar in June 2017 alleging that the UAE-based company failed to develop 3 mn sqm of land allotted to it in 2005. El Nasr also claimed there are 215k sqm unlawfully within Uptown\u2019s borders. Emaar\u2019s offer of EGP 100 mn in settlement was then met with acceptance<\/a> since El Nasr\u2019s arbitration case was said to be \u201cbaseless.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

BEEF WATCH- Emaar vs. El Nasr beef looks set to wrap up for good: Emaar Misr and El Nasr Housing will sign next week the final contracts to resolve their two-year-old dispute over a land plot and delays in Emaar\u2019s Uptown Cairo project, Public Enterprises Minister Hisham Tawfik said, according to Al Mal. The two […]<\/p>\n","protected":false},"author":1,"featured_media":601542,"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":[9091,1527,72,963,83,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-el-nasr-housing-and-development","tag-emaar-misr","tag-enterpriseam","tag-law","tag-real-estate","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ade975df-6018-4994-8b7c-4db1a460f617","is_powered_by":true,"section_story_id":"2927e908-f16a-4a93-ae2b-efc0d6465439","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/3\/768.jpg","photo_position":"above","related_issue":[601529],"teaser":"","voice_url":""},"yoast_head":"\nEmaar vs. El Nasr set to wrap up for good - 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\/03\/04\/emaar-vs-el-nasr-set-to-wrap-up-for-good\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emaar vs. El Nasr set to wrap up for good\" \/>\n<meta property=\"og:description\" content=\"BEEF WATCH- Emaar vs. El Nasr beef looks set to wrap up for good: Emaar Misr and El Nasr Housing will sign next week the final contracts to resolve their two-year-old dispute over a land plot and delays in Emaar\u2019s Uptown Cairo project, Public Enterprises Minister Hisham Tawfik said, according to Al Mal. The two […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/emaar-vs-el-nasr-set-to-wrap-up-for-good\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-04T04:18:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/3\/768.jpg?fit=%2C&ssl=1\" \/>\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\/03\/04\/emaar-vs-el-nasr-set-to-wrap-up-for-good\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/emaar-vs-el-nasr-set-to-wrap-up-for-good\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Emaar vs. El Nasr set to wrap up for good\",\"datePublished\":\"2019-03-04T04:18:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/emaar-vs-el-nasr-set-to-wrap-up-for-good\/\"},\"wordCount\":166,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/emaar-vs-el-nasr-set-to-wrap-up-for-good\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/3\/768.jpg?fit=%2C&ssl=1\",\"keywords\":[\"El Nasr Housing and Development\",\"Emaar Misr\",\"EnterpriseAM\",\"law\",\"real estate\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/emaar-vs-el-nasr-set-to-wrap-up-for-good\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/emaar-vs-el-nasr-set-to-wrap-up-for-good\/\",\"name\":\"Emaar vs. El Nasr set to wrap up for good - 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The agreement settled all technical,\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":596825,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/emaar-to-pay-el-nasr-egp-100-mn-to-settle-dispute\/","url_meta":{"origin":601541,"position":1},"title":"Emaar to pay El Nasr EGP 100 mn to settle dispute","author":"enterpriseam admin","date":"9 July 2019","format":false,"excerpt":"DISPUTE WATCH- Emaar to pay El Nasr EGP 100 mn to settle dispute: Property developer Emaar Misr has agreed to pay state-owned El Nasr Housing EGP 100 mn to settle their dispute, Public Enterprises Minister Hisham Tawfik told Al Mal. 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":593663,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/egypt-and-uaes-emaar-finally-settle-their-uptown-cairo-beef\/","url_meta":{"origin":601541,"position":2},"title":"Egypt and UAE\u2019s Emaar finally settle their Uptown Cairo beef","author":"enterpriseam admin","date":"7 October 2019","format":false,"excerpt":"DISPUTE WATCH- Egypt and UAE\u2019s Emaar have finally settled their beef over Uptown Cairo: Property developer Emaar Misr has signed a final settlement with the Egyptian government to resolve a two-year dispute with state-owned El Nasr Housing over the Emirati company\u2019s alleged failure to develop 3 mn sqm of land\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\/2019\/10\/1356.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594825,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/09\/emaar-misr-nears-resolution-on-el-nasr-dispute\/","url_meta":{"origin":601541,"position":3},"title":"Emaar Misr nears resolution on El Nasr dispute","author":"enterpriseam admin","date":"9 September 2019","format":false,"excerpt":"DISPUTE WATCH- Egypt and UAE\u2019s Emaar sign preliminary settlement agreement on El Nasr dispute: Property developer Emaar Misr has signed a preliminary agreement with the Egyptian government on a proposed settlement to resolve a dispute with state-owned El Nasr Housing over the Emirati company\u2019s alleged failure to develop 3 mn\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":601541,"position":4},"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":594063,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/shalakany-acted-as-sole-counsel-to-emaar-misr-in-settlement-with-egypts-el-nasr\/","url_meta":{"origin":601541,"position":5},"title":"Shalakany acted as sole counsel to Emaar Misr in settlement with Egypt\u2019s El Nasr","author":"enterpriseam admin","date":"17 October 2019","format":false,"excerpt":"Shalakany Law Firm acted as sole legal counsel to Emaar Misr in its longstanding dispute with state-owned El Nasr Housing, which culminated in an agreement that will see Emaar pay a USD 100 mn cash settlement, the firm said (pdf). 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