Saturday , 28 January 2023

Blog Archives

Parliament reviewing proposal to create new body to manage billions in seized funds, assets

Under a bill put together by the Cabinet and currently under review in the House of Representatives, billions of pounds worth of money and assets confiscated by the state could soon be transferred to a new entity that judicial sources and lawmakers told Mada Masr would distance the funds from …

Egyptian citizens can no longer contest sale of state assets

At the time when the government of President Abdel-Fattah Al Sisi’s government has been selling Egypt’s assets to Gulf countries in a bid to survive amid the economic crisis, the country’s supreme court ruled that citizens cannot legally challenge any deals made between the state and any other entity.

Egypt green-lights sweeping privatization strategy following IMF agreement

After more than half a year in the making, Egypt’s President Abdel Fattah al-Sisi finally approved at the end of December a strategic program drawn up by the government that sets out the economic sectors from which the state plans to withdraw in the coming years, and those in which …