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Strapped for cash, Egypt sells off state assets to eager Gulf nations
[IsraelTimes] Kuwait, Qatar, Saudi Arabia and the United Arab Emirates are swooping in to buy shares in national companies, while also demanding economic reform and greater transparency Egypt, sapped dry of dollars despite a $3 billion International Monetary Fund bailout loan, is seeking to boost its coffers by selling state assets to wealthy Gulf nations. Experts say the deals could be a win-win for all sides, but unlike old Gulf largesse of unconditional aid, the new deals will require reforms. Posted by: trailing wife 2023-02-16 |
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