Polisario chief brahim ghali

Egypt: Approval of IMF recommendation for bigger role of private sector

Egypt’s President Abdel Fattah al-Sisi on Thursday approved a document outlining 62 economic activities the state will withdraw from and turn over to the private sector, a cabinet statement said. The document’s approval was required by the International Monetary Fund, which this month approved a $3 billion financial support package for Egypt. The statement said […]

Egypt’s central bank hires Barclays Bank to advise on sale of stakes in United Bank

The Central Bank of Egypt (CBE) has handpicked Barclays Bank as an international sell-side advisor for the sale of its 99% stake in the state-owned United Bank, Egypt Today reports. Barclays will work alongside local financial advisor, CI Capital, the media also notes. United Bank is one of the 32 state-owned companies the Egyptian government […]

Libya: GNC comes up with Libyan-Libyan plan to end crisis

Tripoli-based General National Congress (GNC) Tuesday proposed its own Libyan-Libyan roadmap to end the political crisis in a counter move to the UN-supported plan which led to the approval of Libyan unity government in Morocco. The roadmap according to committee member Abdul-Gader Hawaili speaking at press conference includes formation of a new interim parliament made […]