Egypt to Offer Military-Owned Firms on Stock Market by Year-End

Egypt’s president ordered sweeping measures to help the nation overcome the current economic challenges, including moves to list military-owned firms on the stock market and boost private sector participation in state-run businesses.

President Abdel-Fattah El-Sisi also instructed the government to provide support to wheat farmers, establish a committee to organize a national dialogue on ways out of the current crisis, and boosting support for the private sector as a key driver of growth, according to the state-run Ahram Gate news website. The initiative calls for raising $10 billion annually, over four years, through private sector participation in public assets.