Last Update 14:10
Wednesday, 16 October 2019

Egyptian renationalisation petition gets 75,000 signatures

Omar Effendi's return to public ownership sets an example for renationalising once state-owned enterprises, say parties on Tahrir

Ahram Online, Tuesday 19 Jul 2011
Omar Effendi
A branch of Omar Effendi, the Egyptian retail institution returned to public ownership in May (Photo: Reuters)
Views: 2152
Views: 2152

Over 75,000 people have signed a petition demanding formerly state-owned private Egyptian companies be renationalised. 

The petition was launched on Cairo's Tahrir Square by the Democratic Workers Party, the Revolutionary Socialists, the National Front for Justice and Democracy and the journalism syndicate's Committee for Press Freedom.
A statement from the Democratic Worker's Party said that the administrative court ruling that ruled illegal the privatisation of Egyptian retail giant Omar Effendi should also apply to the sale of other companies, such as Tanta Flax and Ginning Cotton, as well as other industrial enterprises it believes are 'eager' to return to the public sector.
The statement added that the campaign will include workers from the troubled companies, a fact that will help strengthen their calls for change.
Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.