VOL. XXXVIII

NO. 15

9-JANUARY-1995

UAE

UAE Minister Says Privatization Of EGPC And Arbift Near

According to the UAE Minister of State for Financial and Industrial Affairs,Mr. Ahmad Humaid al-Tayir, the government has almost completed the legalprocedures to privatize the state-owned Emirates General Petroleum Corporation (EGPC)and the Arab Bank for Investment and Foreign Trade (Arbift). "To a largeextent, evaluation and legal steps are completed and what remains is torestructure EGPC and amend its...