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.
Latest in Tag: The Egyptian Competition Authority Highlight
Latest in Tag: The Egyptian Competition Authority
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 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
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 …
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
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