Egypt's government suggests steel firm to repay license value on installments

Egyptian government suggested a settlement for steel firms which faced a court ruling to cancel licenses, allows it to pay licenses value on 7-year installment by methods that secure state and investors’ rights, Almal daily newspaper reported.

In a related context, Suez Steel Group chairman, Gamal Elgarhy said that ruling whereas which issued on Thursday is not understandable as the the three steel firm are waiting an explanation form ministry of trade and industry.