Egypt's government scraps partnership with Ezz Steel's partner

22 September 2011: Egypt's government is not planning to become a partner in Ezz Steel Company and no proposal will be submitted for that purpose. The authority proposed a solution to the problem of steel companies' revoked licenses by giving three of the companies, Beshay Steel, Taybah Steel and Garhey Steel, a period of time to repay the value of their licenses in order to keep the companies' investments, employees' interests, and to raise the steel production rate.

Source: Ameinfo