Privatization in Egypt: key issues to be resolved

Article Abstract:

US officials in Egypt have reported on the first 3 years of the country's privatization program, concluding that only modest progress is evident. The report feels the government should continue supporting new mutual funds, reudce the part played by public sector banks and holding companies, make initial public offerings more attractive and strengthen the stock market and brokerage firms. If the government takes these steps, interest in new privatization should increase.

Analysis, Economic policy, Egypt, Industrial policy

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Kuwait: KAC on road to privatization

Article Abstract:

The Kuwaiti government tendered a draft legislation to Parliament that would make the government-owned KAC a public shareholding firm. The move serves a preparatory measure towards the privatization of the carrier. In August 1998, KAC Chairman Ahmad al-Meshari stated that the carrier will need to embark on a shake-up prior to privatization, including boosting fares, revoking unlucrative routes and terminating employees.

Scheduled Airlines, Scheduled Air Transportation, Air Transportation, Scheduled, And Air Courier Services, Management, Planning, Airlines, Kuwait, Kuwait Airways Corporation

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