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Egyptian media reported that the government is set to sell 20-30 per cent stakes in seven state-owned hotels to investors, most of whom are potentially coming from the Arab Gulf region, amid a severe . ....
RIYADH: Egypt is waiting for Saudi Arabia’s Public Investment Fund to make a decision on investing in the state-owned aluminum company Egyptalum by the end of the year, according to Hisham Tawfik, the minister of public enterprise sector. Tawfik added that the investment includes increasing the company’s capital, rather than selling a stake, he told Asharq. Talking about ....
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities ....
RIYADH: Egypt Aluminum, also known as Egyptalum, is looking to sell shares to Arab sovereign funds, public enterprise minister Hisham Tawfik told Al Arabiya. State-owned Egyptalum has been listed on the Egyptian stock exchange EGX since 1997 and is one of the country’s largest aluminum producers. Tawfik added there will be another offering of up to 30 percent of a company that ....