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Scandal decimates Lakah shares

and the position of chairman Ramy Lakah have hit the stock hard.     The Egyptian daily Al Gomhoriyyah last ... on Ramy Lakah's long experience in the health care business. The company's current problems seem ... these debts. Ramy Lakah claims that the Ministries of Health and Education owe him around EL360 million, ...

15/08/2010 - 22:57 - comment 0

Top businessman Lakah flees Egypt

figure, Rami Lakah, is reported to have fled the country, leaving behind some LE 1.5 billion in bank loans. Lakah was one of Egypt's top ten busi An Egyptian multimillionaire and key national business figure, Rami Lakah, is reported to have fled the country, leaving behind some LE ...

15/08/2010 - 23:01 - comment 0

Egyptian Parliament Nixes Amending Laws to Embrace Dual-Nationality MPs

to MP Rami Lakah’s legal battle to retain his seat, according to press reports.   “The verdict issued by the Higher Administrative court against the independent MP Rami Lakah is not open ... that any action regarding the future of Lakah would be determined at the forthcoming parliamentary session ...

18/05/2010 - 16:51 - comment 0

Egyptian businessman threatens government

A key national business figure, Rami Lakah, who ... Rami Lakah, who is widely reported to have fled the Egypt leaving behind almost LE1.5 billion ... him solve his financial problems. (US$1=LE3.4)    Al Ahali newspaper reported that Lakah, who ...

15/08/2010 - 23:00 - comment 0

Brotherhood Airways for Egypt?

and leader of the Masrena (Our Egypt) Party Rami Lakah was not sealed, according to the source. The source said that Shater’s rejection of letting Lakah be the sole manager brought the expected deal ... also flying to and from Cairo and America. Lakah, who previously made investments in the aviation ...

12/03/2013 - 11:09 - comment 0

Egyptian Court Backs Booting Dual-Nationality MP from Parliament

a dual-nationality lawmaker out of Parliament.  MP Rami Lakah will be barred from his post under the ruling, ... and Azbakiyyah in order to choose a replacement for Lakah, who holds French and Egyptian passports.  ...

18/05/2010 - 16:52 - comment 0

Egyptian Government Newspapers Attack Fleeing, Debt-Ridden Billionaires

Egyptian Mail over an article about Rami Lakah, who heads a dozen companies, most of them concerned ... Mubarak.  The daily Al-Gomhuriya, also run by Ragab, had already attacked Lakah Thursday.  But on Saturday it was the Egyptian Mail's turn. "The billionaire Rami Lakah, who owes his Egyptian ...

19/05/2010 - 10:06 - comment 0

Egypt’s Parliament Expels Two MPs for Dual Citizenship

passports.  The parliament stripped independent MP Rami Lakah of his seat in central Cairo for holding ... “The verdict issued by the Higher Administrative court against the independent MP Rami Lakah ...

18/05/2010 - 16:30 - comment 0

Mubarak Calls on Banks to Tighten Credit Conditions

paper, was that of Egyptian-French businessman Ramy Lakah, chairman of Lakah Group. Some estimate his debts at more than two billion pounds, most of which is owed to Banque Du Caire.   Lakah had ... to remain anonymous, told the newspaper that he did not think Lakah would be coming back to Cairo.  ...

18/05/2010 - 16:29 - comment 0

Egyptian Parliament Speaker: No Dual-Nationality Candidates Allowed

The announcement broadens the consequences of the verdict, which was handed down to French-Egyptian MP Rami Lakah ... on the higher court’s ruling against Lakah.”  Egyptian judiciary authorities have raised the issue again after the higher court ruling against Lakah, which was based on the MP’s French passport, as well as his ...

18/05/2010 - 16:50 - comment 0