privatization
Egypt to sell 20-30% stakes in state firms slated for IPO
Business
August 5, 2016
Egypt to sell 20-30% stakes in state firms slated for IPO
Egypt will sell stakes of between 20 and 30 percent in state companies that it decides to float on the…
State-owned oil, banking and electricity firms to be privatized: Investment Ministry
Business
August 2, 2016
State-owned oil, banking and electricity firms to be privatized: Investment Ministry
The Egyptian government will target state-owned firms in the banking, petroleum and electricity sectors for the first wave of its…
Gulf firms invest in Egypt’s health sector as privatization looms
Egypt
April 20, 2016
Gulf firms invest in Egypt’s health sector as privatization looms
The Egyptian Doctors Syndicate has expressed concern over the increasing influence of Gulf-based companies in the Egyptian health sector, increasing…
Rebirth of Public Business Ministry: development or privatization?
Business
March 24, 2016
Rebirth of Public Business Ministry: development or privatization?
Two months after Egypt’s presidency announced that shares in “successful” state-owned banks and companies were to be offered on the…
State-owned business sector gets its own ministry in new cabinet
Business
March 24, 2016
State-owned business sector gets its own ministry in new cabinet
Wednesday’s cabinet reshuffle has seen the state-owned business sector breaking its 12-year-old affiliation with the Investment Ministry, with the sector…
Transport Ministry denies privatization of railway
Egypt
February 8, 2016
Transport Ministry denies privatization of railway
Transport Ministry Spokesperson Ahmed Ibrahim denied news circulated recently in the media about the privatization of the railway through a…
Govt sale of public companies’ assets a possible backdoor to privatization
Business
December 29, 2015
Govt sale of public companies’ assets a possible backdoor to privatization
The government, through the Investment Ministry, is apparently going through a backdoor to privatization policies by expanding in selling lands…
Tanta Flax pensioners return to work after court verdict
Egypt
November 18, 2015
Tanta Flax pensioners return to work after court verdict
For the first time in the history of Egypt’s public business sector, the government has approved the reinstatement of retired…
Govt receives assets of privatized Steam Generator Company
Egypt
July 1, 2015
Govt receives assets of privatized Steam Generator Company
The government was handed the assets of the formerly privatized Steam Generators Company on Tuesday upon a judicial order to…
Crisis with Saudi investor over NUBASEED almost over
Business
December 8, 2014
Crisis with Saudi investor over NUBASEED almost over
The government has almost put an end to one of the longest conflicts between the state and foreign investors, which…