Al-Ahram Weekly On-line   Al-Ahram Weekly On-line
Date: 21 - 27 May, 1998
Issue No.378
Published in Cairo by AL-AHRAM established in 1875 Current issue | Previous issue | Site map

Market report: Market slump deepens

Privatisation of public sector banks takes off
The People's Assembly Economic Affairs Committee has approved a historic draft law aimed at opening up the government-owned banking sector to private ownership for the first time in 45 years. Gamal Essam El-Din reports

Dissecting Egypt's catch-up potential
A recent report by the US investment banking firm, Goldman Sachs, gives kudos to Egypt's economy, but adds that it needs more liberalisation to catch up with other middle-income emerging markets. Aziza Sami reviews the report