Egypt: banks, insurance and oil firms to be privatized ...

Article Abstract:

The commitment of Egypt to its membership in the World Trade Organization has speeded up its privatization program, where 105 out of 314 state-owned firms have been put up for sale. Egypt is prioritizing the sale of its interests in the banking and insurance sector, to be followed by its investments in the petroleum sector. The four state-owned commercial banks account for 70% of the total bank assets in the country, while the government is inviting foreigners to invest in the Misr Petroleum Processing Company, a newly established crude refining and processing firm. The Egyptian government has so far realized some $2.4 bil in the sale of its shares.

Other General Government Support, National Government Enterprises, Finance, Government business enterprises, Public enterprises

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Egypt's ports are regaining competitive edge as private sector involvement expands

Article Abstract:

Egypt's ports are beginning to regain its competitiveness against other ports in the Mediterranean in attracting cargo shipping and foreign passenger traffic. The country's ports, which reduced its service fees by 30%, are slowly being taken over by the private sector. The move is part of the government's efforts at liberalization that is aimed at improving the efficiency of its ports, a policy that it began implementing in early 1998.

Marine cargo handling, Ports, Harbors

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The forecasts

Article Abstract:

The political and economic risk factors in Egypt are of particular interest to foreign investors. Eighteen-month and five-year forecasts are given for political calm and upheaval, economic policies and various restrictions under the present Hosni Mubarak regime and hypothetical military and fundamentalist regimes.

Economic aspects, Economic development

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