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A force majeure clause is a common provision in contracts. It is a contractual provision allocating the risk of loss if performance becomes impossible or impracticable, especially as a result of an event that the parties could not have anticipated or controlled.
Hassan added that the company has recently completed its contract for the Serrano project, owned by New Plan Developments, in the New Administrative Capital, and is negotiating with two other companies to provide marketing and sales consulting services.
‘We negotiate with Egyptian private sector companies to enter developing railway sector,’ says Al-Wazir
Egypt was the third biggest market for contract awards in the Middle East and North Africa region in 2016, according to MEED’s latest research report Outlook Egypt 2017. This was despite security problems and a currency crisis that contributed to a 23% drop in the total value of deals agreed on in the North African …
Companies must search for new patterns of development to keep pace with pound’s flotation consequences
The domestic market is expected to increase the Elsewedy Electric’s revenues as the wire and cable sector recorded a 17% annual increase in sales during the first half (H1) of 2016, according to an official at the company. The wire and cable sector’s total annual sales increased by 19%, recording 85,901 tonnes. The sector’s revenues …
Company to invest EGP 2.3bn and deliver 684 units in all projects
Workers yet again raise their demands for contracts with the company after two years of intermittent protests
Egyptian Initiative for Personal Rights calls for providing daily wage workers with better work conditions