privatization
Finance minister: No more privatization or nationalization
Business
August 7, 2011
Finance minister: No more privatization or nationalization
The government will no longer privatize government-owned companies or nationalize private ones, said Finance Minister Hazem al-Beblawy in a press…
In Egypt, fighting for a US$50-a-month factory job
Egypt
July 17, 2011
In Egypt, fighting for a US$50-a-month factory job
The sun was already searing the pavement on the early June morning when Mariam Hawas and her co-workers from the…
Government’s financial oversight body in need of serious reform, say officials
Egypt
June 24, 2011
Government’s financial oversight body in need of serious reform, say officials
A group of controllers working in the Central Auditing Organization (CAO) are objecting to the slow pace of reform and…
Egypt’s Olympic denies ex-CEO given travel ban
Business
June 14, 2011
Egypt’s Olympic denies ex-CEO given travel ban
Egyptian appliance maker Olympic Group on Tuesday denied a report that its former chief executive was banned from travel pending…
Omar Effendi’s return to public sector symbolic of zeitgeist
Life & Style
May 11, 2011
Omar Effendi’s return to public sector symbolic of zeitgeist
Since the revolution that toppled former President Hosni Mubarak, patriotic spirit and political agenda in Egypt has been very much…
Egypt court voids 2006 sale of historic chain store
Business
May 7, 2011
Egypt court voids 2006 sale of historic chain store
A court has annulled a 2006 deal to sell Egypt's historic Omar Effendi department store chain to a Saudi investor,…
Workers call for reopening factories closed after privatization
Egypt
May 7, 2011
Workers call for reopening factories closed after privatization
Dozens of workers launched a campaign to repoen Egyptian factories closed before the 25 January revolution as a result of…
Attorney General orders investigation into 21 privatized companies
Business
March 8, 2011
Attorney General orders investigation into 21 privatized companies
Sources said Attorney General Abdel Meguid Mahmoud ordered investigation into the privatization of 19 public-sector companies during the tenure of…
Omar Effendi department store chain sold to Egyptian investor
Egypt
January 20, 2011
Omar Effendi department store chain sold to Egyptian investor
Gamil al-Qanbit, the Saudi owner of iconic Egyptian department store chain