privatization

Finance minister: No more privatization or nationalization
Business

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

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

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

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

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

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

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

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

Omar Effendi department store chain sold to Egyptian investor

Gamil al-Qanbit, the Saudi owner of iconic Egyptian department store chain
Back to top button