VOL. XLI

No. 22

1-June-1998

EGYPT

Egypt Seeks To Privatize Insurance Services

Following the approval by a parliamentary committee on 17 May of a bill to privatizethe Egyptian banking sector (MEES, 25 May), the parliamentary economic committeehas now approved in principle a bill to privatize the national insurance companies. Themove follows a statement by a senior Egyptian official earlier this month that the stateis "going to offer a bank and an insurance company before the end of the year."The...