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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.
Previous Stories:
Egyptian companies see great performance: profits of LE 1.8 billion
(5/16/1998)
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