Egypt Panel Says Talaat Moustafa Contract Invalid, Mal Reports
An Egyptian panel of judges recommended the annulment of a revised contract that allowed the government to sell a plot of land to Talaat Moustafa Group Holding for its Madinaty project, Al Mal reported.
Egypt’s Administrative Court will convene on Nov. 7 to examine the recommendation, the Cairo-based daily said, citing the panel’s report.
To contact the reporter on this story: Ahmed A. Namatalla in Cairo at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Maedler at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.