VOL. XLI

No. 21

25-May-1998

EGYPT

Egypt To Sell Stake In State Bank By End-1998

A senior Egyptian official said on 20 May that the government will sell a stake in oneof the "Big Four" state-owned commercial banks before end-1998. Mr. Mahmud Muhyial-Din, a senior adviser to Economy Minister Yusuf Butrus Ghali, was quoted as saying:"We are going to offer a bank and an insurance company before the end of the year. Noproblem."

Observers and potential investors have been waiting a long time for the...