Saudi Arabia, Egypt to combat monopolies

CAIRO, 01 November 2022, (TON): Egypt and Saudi Arabia have agreed to boost cooperation to combat market monopolies and promote economic competition.

A memorandum of understanding was signed by the heads of the Egyptian Competition Authority and the General Authority for Competition in Saudi Arabia, during a meeting in Cairo.

The agreement seeks to prevent monopolistic practices that restrict competition, in an effort to boost cooperation while respecting the laws of both countries.

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