Latest in Tag: ECA Highlight
Latest in Tag: ECA
ECA files lawsuits against mobile operator, retailers for cooperation failure
The ECA said, “Those cooperating with the ECA should provide the necessary data and information in a timely manner to ensure the speedy completion of studies at the Authority. Any party that violates this rule shall be subject to legal accountability and a fine up to EGP 500,000.”
Egypt competition watchdog blocks Cleopatra Hospital acquisition of Alameda
ECA said that, according to an initial study, CHG proposed acquisition of Alameda would create a monopoly in the Egyptian healthcare market.
ECA holds periodic meetings to address pending competition violation cases
The current organisational structure of the ECA has not been updated since the establishment of the authority in 2005, he added, noting that the new structure will be presented fir discuss to the Board in its next meeting.
Finance Minister instructs ECA to reduce time limit on selling neglected goods
This would ensure the improved handling of containers left at customs points in Egypt in a manner that prevents their accumulation in ports and warehouses.
Financial solvency biggest challenge in Egypt’s smart transport market
Egypt’s smart transport market can absorb more investors due to its large size: OKA Truck
Uber pledges to its customers to comply with ECA regulations
The company sent a full copy of the obligations and controls it pledged to the ECA to all its customers, allowing them to read the fine print.
ECA approves ‘under conditions’ Uber-Careem acquisition deal
The multinational ride-hailing company added in the statement that the acquisition agreement between Uber and Careem, which was inked in March, will now come into effect.
ECA works on amending Competition Protection Law: authority head
“We will not allow monopolistic practices in IT sector, says Nabil
Uber, Careem reveal to ECA details of their acquisition deal, waiting for its decision
As per law, ECA to take one of three decisions: approval, rejection, or conditional approval
ECA reviews ways to limit monopolistic practices with pharmaceutical companies
Main objective of protection of competition law is to protect economic freedom, says Nabil
ECA instructs schools not to enforce uniforms, school equipment from specific stores, brands
Such actions violate competition protection, harms consumers, manufacturers, says authority head
ECA obliges entities to notify it of M&As over EGP 100m per year
The Egyptian Competition Authority has amended the Merger and Acquisition model to be effective starting September. Based on the amendment, Article 19 Sub-Article 2 stipulates businesses of over EGP 100m per year should notify the ECA when they acquire new assets, equity, and stocks, or join alliances. The law also sets a penalty for all …
ECA spots construction, land transport violations
The Egyptian Competition Authority (ECA) directed several judicial control missions to the various governorates of the republic, after monitoring a number of violations. Some manufacturers in the construction materials’ sector raised their prices to an extent not justified by market elements, and this may constitute a violation of the provisions of the competition law. The …
ECA acquits cement companies of unjustified price increase claims
Average operating profit margin in 2017 dropped to 6%, down from 19% in 2013
Travel agencies address ECA seeking equality with foreign tour operators
Local travel agencies are subject to VAT, which increases burdens on them
Africa achieved only 1.7% economic growth in 2016: UN
The constant changes that struck the Egyptian economy throughout 2016 is only part of the bigger picture and the fluctuations that hit the entire African continent, according to the United Nation’s Economic Commission for Africa’s (ECA) “Economic Report on Africa 2017”. The report was further elaborated in a conference held at the United Nations Information …
ECA looks into violations of 6 electricity distribution companies this week
Legalising violators’ situations, settling issues with citizens are the most prominent decisions expected: source
ECA to amend Protection of Competition Law to control acquisitions deals
The amendment is necessary to improve Egypt’s position in the Global Competitiveness Index and develop the business climate
Egypt signs export contracts with Erbil worth $8m
Egyptian exports to the Kurdistan region amounted to about EGP 672m in 2016, says ECA head
ECA stresses lack of jurisdiction over customising vehicles after clearance
Importers tend to buy used vehicles and then undertake modifications to improve their capacity
Private Aviation Association calls on ECA to protect private companies from state-owned airlines
Private aviation companies lost 40% of traffic last year due to low tourism
ECA refutes illegal broadcasting rumours
The Egyptian Competition Authority (ECA) dismissed rumours that it would approve the illegal broadcast of the Africa Cup of Nations matches by Egyptian television channels. The ECA said in a statement issued on Sunday that it did not approve broadcasting for any channel. Instead, it emphasised the importance of restoring the spirit of competition within …
Egyptian Competition Authority refers CAF president to general prosecution
The Egyptian Competition Authority (ECA) decided Tuesday to refer the president of the Confederation of African Football (CAF), Issa Hayatou, to the general prosecution after it claimed to have proven that Hayatou violated the Protection of Competition Act. The authority has claimed in a statement that Hayato had abused his position in regards to the …
Administrative Court rules in favour of ECA monopoly over investigations into monopoly practices
ECA’s role does not contradict with NTRA’s role in the field of telecommunications, says report
Ousta accuses Uber of monopoly, complains to ECA
Uber practices flood the market and eliminate competition, says El-Batrawy
ECA refers 24 fertiliser distribution companies to public prosecution
The companies had privately agreed on a specific price for the sales of compost, which violates regulations, says ECA
Prosecution drops monopoly charges against Oriental Weavers
The prosecution did not move forward with the charges against the company and dismissed the case, says Oriental Weavers
ECA detects monopolistic practices in Egyptian automotive sector
The Egyptian Competition Authority (ECA) has revealed the presence of monopolistic practices in the Egyptian automotive sector, leading to a significant increase in the prices of several models and categories of cars. ECA is currently conducting a study to examine the automotive sector in order to detect restrictions and different forms of monopolisation practiced by …
ECA refers 4 pharmaceutical distribution companies to economic court on charges of monopolistic practices
ECA will stand up against any manipulation that harms the interests of citizens, especially in a sector that is as important as the pharmaceutical sector, says El-Garf
beIN Sports breaks competition protection, monopolistic practices law: ECA
beIN Sports breaks articles 5 and 8 of competition protection, prevention of monopolistic practices law, says ECA press release