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Egypt announces deals to sell $1.9 billion in state assets in its privatization push

Por: ABC News World July 12, 2023

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CAIRO -- The Egyptian government said Tuesday that it had inked a series of deals to sell off $1.9 billion worth of stakes in state-owned companies, in a move that promises to bolster Egypt's ailing private sector.Prime Minister Mostafa Madbouly said in a televised news conference that the government received $1.65 billion and the equivalent of $250 million in Egyptian pounds in the sales. Madbouly said the sales included an unspecified... + full article



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