VOL. XXXIX

No. 44

29-July-1996

EGYPT

'Ubaid SlatesTwo Firms For Privatization

Following last week's announcement that a further six companies will be offered for privatization through the CairoStock Exchange (MEES, 22 July), Dr. 'Atif 'Ubaid, the Egyptian minister responsible for privatization, said on 25July that strategic investors would besought to takemajority stakes in two electrical goods firms. The firmsare Koldair/Nasr Engineering and Refrigeration and EgyptianElectro Cables, 10% of which...