VOL.XXXIXNo. 6416-December-1996EGYPT

EgyptianPrivatization To ResumeThe privatization process in Egypt is starting to pick up after alull of about two months. At the beginning ofDecember, the government announced the disposal of 90% of its shares inNasr Public Utilities and Installation to Arabinvestors and of a 22.3% stake in Helwan Portland Cement, therebyrelinquishing its majority stake in the already part-privatizedfirm. In addition, the authorities announced that the state willsell its...