NO. 24


Financial and Banking News

Capital Markets

Egyptian Minister Plays Down Role Of Foreign Money In Privatization Effort

Egypt's Minister for Public Sector Affairs, Mr. 'Atif 'Ubaid, has told aparliamentary committee that only a handful of state-owned Egyptian companieswill be sold to foreign investors. His remarks came as some Egyptian officialswarned of the dangers of allowing foreigners to own large sections of Egyptianindustry. Mr. 'Ubaid told a parliamentary...