Egypt to privatise key state companies as inflation surges ...Kuwait

The New Arab - News

Egyptian Prime Minister Mostafa Madbouli announced Sunday a string of planned privatisations of state-owned companies, as Cairo grapples with an economic crisis and inflation at almost 15 percent. Following years of accusations of state companies crowding out private investments, the government announced a roadmap on Sunday to more than double the private sector's share in the economy. Madbouli laid out plans for 10 state-owned companies and two army-owned companies to be listed on the stock market later this year. Two new holding companies, to incorporate "the seven largest ports" and "Egypt's top hotels" will also be formed, percentages of which "will be listed on t

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Last updated : 15 May 2022 clock 11:51 PM

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Egypt to privatise key state companies as inflation surges ...Kuwait

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