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Sunday, 4 February 2018

Bamag-Samcrete consortium drops arbitration case against Abu Qir Fertilizers

A Bamag-Samcrete consortium has dropped an arbitration case against Abu Qir Fertilizers with the Cairo Regional Centre for International Commercial Arbitration, Abu Qir said in a bourse filing on Thursday (pdf). The dispute, which was raised in December of last year, is over Abu Qir had enacting delay penalty clauses in the contract over work on its factory’s EGP 225 mn water treatment facility, Al Mal reports.

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