Egypt to Divest Shares in Military-Run Enterprises
In an ambitious stride towards economic revitalization, Egypt has announced plans to sell stakes in several key military-owned enterprises through its sovereign wealth fund, valued at an impressive $12 billion. The companies in question include some noteworthy names: Safi, Wataniya Petroleum, Chillout, Silo Foods, and the National Company for Road Construction. This announcement from the Cabinet on Wednesday marks a significant chapter in Egypt's economic narrative.
Why now, one might wonder? This move aligns with…