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FINANCIAL NEWS
Morsi announces a halt on privatizing companies
08 May 2013
(MENAFN) Egyptian President Mohamed Morsi announced a halt on gravitation policies that started in the country back in the nineties, reported Saudi Gazette.
The president said that the country would stop selling its companies and that lettinbg workers at the public go jobless was not an option any more,
It is worth mentioning that privatizing plans that were applied under the ruling of ousted president Mubarak had led to huge numbers of job losses. The courts returned some of the firms to the state following alleged corruption in sales operations.
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BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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