{"id":28075,"date":"2018-04-23T07:16:30","date_gmt":"2018-04-23T07:16:30","guid":{"rendered":"https:\/\/v2.ecomnewsmed.com.ecn-01.ovea.com\/2018\/04\/23\/egypt-plans-to-boost-public-finances-through-privatisation\/"},"modified":"2020-08-11T11:32:39","modified_gmt":"2020-08-11T09:32:39","slug":"egypt-plans-to-boost-public-finances-through-privatisation","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2018\/04\/23\/egypt-plans-to-boost-public-finances-through-privatisation\/","title":{"rendered":"Egypt plans to boost public finances through privatisation"},"content":"\nThus,\u00a0Egypt established a privatisation program, in order to relaunch its attractiveness. The government disclosed (on Sunday, 25th March 2018) the name of 23 state-owned companies that will sell stakes from this year, to private investors. The main goal is to attract investors to the Cairo Exchange, and boost public finances by raising 4,53 billion dollars.\nThis list includes companies from various sectors, such as banking, petroleum, real estate and industry. In his statement, the finance ministry announced that those companies could sell stakes ranging from 15 to 30% over the next two years.\nOverall, privatisation is not unknown to Egypt: in 1991, the country chose 314 companies to privatise, and in 2005, companies such as Telecom Egypt or AMOC (Alexandria Mineral Oils Co) also sold state\u2019s stakes.\nNour Ben Omar.\nDiscover out our latest videos about the economic news in Egypt :\u00a0\n\n\n\u00a0\n","author":66,"featured_media":5108,"comment_status":"open","ping_status":"open","template":"","tags":[5754,5761,5751,5753,2961,5750,5759,5762],"location":[5600],"class_list":["post-28075","news","type-news","status-publish","has-post-thumbnail","hentry","tag-business","tag-decision-makers","tag-economy","tag-entrepriseslife","tag-institutions","tag-news","tag-politics","tag-trending","location-egypt"],"short_url":"","have_related_news":null,"chapo":"Egypt\u2019s economy is under pressure, forcing the government to look for alternative financing sources. As a matter of fact, it appears that since 2011, the Gift of the Nile has driven out tourists and foreign investors.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/egypt-privatisation-1.jpeg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/egypt-privatisation-1.jpeg 550w","sizes":"550px","alt":"Egypt plans to boost public finances through privatisation 1","width":550,"height":360,"ratio":1.49,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/egypt-privatisation-1.jpeg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/egypt-privatisation-1.jpeg 1170w","sizes":"1170px","alt":"Egypt plans to boost public finances through privatisation 1","width":1170,"height":658,"ratio":1.49,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Egypt plans to boost public finances through privatisation - Ecomnews Med<\/title>\n<meta name=\"description\" content=\"Thus,\u00a0Egypt established a privatisation program, in order to relaunch its attractiveness. The government disclosed (on Sunday, 25th March 2018) the name\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ecomnewsmed.com\/en\/2018\/04\/23\/egypt-plans-to-boost-public-finances-through-privatisation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt plans to boost public finances through privatisation - Ecomnews Med\" \/>\n<meta property=\"og:description\" content=\"Thus,\u00a0Egypt established a privatisation program, in order to relaunch its attractiveness. 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