Egypt's golf chief Omar Hisham Talaat elected to Arab Golf Federation board    Egypt extends Eni's oil and gas concession in Suez Gulf, Nile Delta to 2040    Egypt, India explore joint investments in gas, mining, petrochemicals    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egyptian pound inches up against dollar in early Thursday trade    Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Planning Ministry considers offering National Investment Bank's companies on EGX
Ministry plans to restructure state-run newspapers, Egyptian Radio and Television Union over 3 years
Ahmed Farahat Published in Daily News Egypt on 13 - 01 - 2018

Minister of Planning and Administrative Reform Hala Al-Saeed announced the formation of an investment commission at the National Investment Bank to study the possibility of offering a number of companies it owns on the Egyptian Exchange (EGX).
She said that the ministry has also formulated a plan to restructure state-run newspapers and the Egyptian Radio and Television Union over three years, and the Ministry of Public Sector Affairs will follow up the implementation of that plan.
Al-Saeed added that the ministry has not completed the calculation of total debts owed by state-run newspapers, noting that a comprehensive report about these dues will be submitted to the cabinet. 
Al-Saeed further added that the ministry's plan includes the development of talent, the preservation of workers' rights, boosting electronic journalism, and the development of marketing capabilities.
On the other hand, Al-Saeed predicted that Egypt's growth rate will range from 5.3-5.5% by the end of June 2018, while total investments would increase by 20% during the next fiscal year (FY) 2018/2019.
The minister said that the growth rate for the second quarter (Q2) of the current FY 2017/2018 will be the same as Q1 at 5.2% or slightly higher.
Regarding the payable and receivable accounts of state institutions, Al-Saeed said that her ministry has finished a plan to settle dues worth EGP 46bn, including EGP 16bn owed to the New Urban Communities Authority (NUCA) and EGP 30bn to the Egyptian Electricity Transmission Company (EETC).
These dues are set to be settled over five years for the NUCA, and over eight years for the EETC.

Clic here to read the story from its source.