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Egypt's New Capital Plans to Sell 10% of its Shares

The Administrative Capital for Urban Development (ACUD) is listing 10 percent of its shares on the Egyptian Exchange in the first half of 2024, said ACUD chairman Khaled Abbas on Monday, 18 September. The sale of ACUD shares is in line with the Egyptian government's plans to sell interests in 35 state-owned businesses to strategic ....

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Egypt's leader orders government to move to new capital

Egypt s president on Wednesday ordered his administration to start moving its offices next month to a sprawling new administrative capital in the desert outside Cairo, a spokesman said. ....

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