Last week, the Egyptian Competition Authority (ECA) has initiated criminal proceedings against 162 broiler chick producers for agreeing to set the retail price of broilers chicks on a daily basis in Egypt. According to the ECA, this increased the prices of not only chicks but also consumer’s prices of chickens in Egypt.
The ECA has also issued a cartel decision relating to the advertising and publication market, by prohibiting the conduct of five advertising companies that agreed to refrain from participating in public bids. Both cases violated Article 6 of the Egyptian Competition Law No. 3 of 2005 (ECL).