Egypt privatises

Sunday 09 August 1998 23:02 BST

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Egypt privatises

EGYPT IS planning a mass privatisation programme that will see it selling shares in public utility companies with a combined value of pounds 50 billion. The chairman of Egypt's Capital Market Authority, Abdel Hamid Ibrahim, said yesterday that the companies would come to market "in the coming period" but did not give a timetable. Reports said share offerings were already being prepared for electricity companies partly with the aim of enlivening trade on the depressed Cairo stock exchange.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

Egypt privatises

Join our commenting forum

Thank you for registering