Bloomberg News

Egypt Will Honor Court-Revoked Steel Licenses for Fee, Mal Says

October 16, 2011

Oct. 16 (Bloomberg) -- Egypt’s government will honor steel production licenses that had been revoked by a court decision if manufacturers agree to pay over seven years the additional sums ordered by the court, Al Mal newspaper reported.

--Editors: David McQuaid, Louis Meixler

To contact the reporter on this story: Ahmed A Namatalla in Cairo at anamatalla@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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