Egypt allows the private sector to contribute to governmental banks' capital
Egypt, Business, 5/18/1998
The economic committee in the Egyptian People's Assembly agreed on a draft law regulating private sector participation in the capital of the public sector banks, which is the first step paving the way for privatizing an Egyptian bank.
The Egyptian government refused before to allow the private sector to participate in the capital of the public sector banks.
Egyptian companies see great performance: profits of LE 1.8 billion
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
| Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info