VOL. XLII

No 42

18-October-1999

EGYPT

Egypt Appoints Sameh Fahmy As Oil And Mineral ResourcesMinister

In the new 32-member Egyptian Government formed on 10October, Eng. Sameh Fahmy was named Minister of Oil and Mineral Resources,replacing Dr. Hamdi al-Banbi, who has been appointed to the consultative ShuraCouncil. The first task of the new government will be to re-instill investorconfidence in Egypt痴 lethargic economy which has slowed considerably over thepast two years due to a lack of...