On 16 March 2022 in Cairo, Egypt, members of the Arab Competition Network (the “ACN”) held their first conference to launch this new network. This alert provides a high-level presentation of the ACN, as well as an overview of its mission and goals. Background and Goals of the ACN The ACN is a product of the efforts and collaboration of the Arab League and the Egyptian Competition Authority. The ACN aims to provide a platform…
On 15 April 2020, based on a study presented by the Egyptian Competition Authority (ECA), the Prime Minister issued Decision No. 17/2020 fixing the prices of some products needed to combat COVID-19 for at least three months ending on 14 July 2020 (the Decision). This Decision is the first successful implementation of Article 10 of the Egyptian Competition Law (ECL), which grants the Council of Ministers the right to fix the prices of strategic/essential product(s)…
Twelve individuals from nine companies were fined a total of EGP 4.5 million (about USD 255,000) for their involvement in a cartel designed to lower prices and foreclose the market for chick production. The producers agreed to reduce the price of chicks over a period of two weeks in order to foreclose imports.