VOL. XXXVII

NO. 41

11-JULY-1994

Financial and Banking News

Capital Markets

Capital Markets Assume Key Role In Maintaining Egypt's EconomicProgress

Rightly or wrongly, the development of capital markets, and, in particular,the privatization of state-owned industries, has become the touchstone bywhich Egypt's economic reform program is judged. Although this preoccupationfrequently obscures the vital steps which Egypt has already taken in other areasin its march towards a more market-oriented economy...