NBE has frozen the accounts of Misr Ins. and Hussein Salem’s East Mediterranean Gas for allegedly failing to comply with an Economic Court’s ruling that both companies owe NBE USD 174 mn in unpaid debts plus 0.25% interest, Al Mal reports. NBE’s legal counsel Emad Faseeh said he did not receive a notice of appeal from either company, adding that the deadline for filing an appeal is 23 April. The freeze would effectively halt all ins and re-ins payouts to Misr Ins. clients, said Mohamed Khalifa, the company’s deputy CEO. He added that the move was a huge blow to the economy as the company holds the largest ins portfolio in the country with bns in liquid assets now at stake. As we noted last month, Khalifa had stated that Misr Ins would file an appeal.