privatization

Egypt Transportation Minister: No privatization of railway system
Egypt

Egypt Transportation Minister: No privatization of railway system

The Egyptian Transportation Minister, Hesham Arafat, said Friday that the government has no plans to privatize the railway system, adding…
Egypt to sell 20-30% stakes in state firms slated for IPO
Business

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

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

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

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

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

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

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

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

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…
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