Egypt Cabinet approves 500 per cent rise in monopoly fines

Ahram Online, Monday 26 Sep 2011

Egypt’s cabinet has approved amending the anti-monopoly law to increase the fine for violations by 500 per cent, to at least LE300 million ($50.8 million) compared to LE50 million ($ 8.4 million) previously, Agencies reported, citing cabinet spokesperson Mohamed Hegazy.

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