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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.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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