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Egypt intends to sell shares in 32 state-owned businesses within a year to reduce the role of the state in the economy and attract foreign capital. ....
Cairo, Apr 06 (IPS) - Egypt intends to sell shares in 32 state-owned businesses within a year, including three banks, two military-owned businesses, and numerous businesses in the energy and transportation sectors. This is part of the administration s efforts to reduce the role of the state in the economy and attract foreign capital. ....