The continued freeze follows on from the MPC’s slashing of policy rates by 300bps at an emergency meeting on 16 March.
Latest in Highlight
The ICA previously seized 100 tonnes of beans from an agricultural crops factory in Borg El-Arab fourth industrial zone
The decision implements a 2013 court ruling ordering the banning of Muslim Brotherhood and confiscating its capital
Freedom and Justice Party (FJP) legal advisor Mokhtar Al-Ashry said that the case has been postponed to 21 August, but that he expected former president Mohamed Morsi to be reinstated before then and bring an end to “all these police-like measures.”
EGP 50 billion more to come
Funds to be returned after convictions secured for former regime members.