Tags: World Bank Group

1 Mar 2022

EIPR commentary on the results of the World Bank's investigations into the violations of the Titan Cement Factory

The Egyptian Initiative for Personal Rights (EIPR) issued a comment on the report released lately by the Investigation office  of the World Bank Group (CAO)  on the complaint against the Alexandria Portland Cement Company (Titan Cement Factory), and the  International Finance Corporation ( IFC) , the private sector arm of the world bank Group, which funded the establishment of the company.

30 Sep 2018

Rule of the powerful: foreign corporations prevail over Egypt in international arbitration

Egypt was hit with the biggest fine in its history when the ICSID ruled on September 3, 2018 that Egypt was liable for compensation of $2 billion to Union Fenosa, as damages for the 2014 government’s failure to provide gas to the company during the energy crisis in Egypt.