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"Hisham Tawfik"

18 results

Business - Economy
6/27/2022 5:32:58 PM
Egypt issued the State Ownership Policy Document earlier this month to chart the map of future partnership between the public and private sectors, laying the groundwork for the latter’s greater participation in Egypt’s economic activities.

Egypt - Urban & Transport
6/18/2022 5:10:41 PM
In response to questions directed by MPs, Egypt’s Minister of Public Enterprise Hisham Tawfik insisted that the “liquidation of El-Nasr Coke and Chemicals will go ahead as planned after it incurred losses of EGP 30 million last year and that there is no hope of reforming the company and turning it into a profitable one.”

Business - Economy
6/4/2022 7:42:02 PM
Egypt will offer $40 billion worth of state assets to Egyptian and foreign investors in the form of profit sharing, production and management partnerships, and having a share in the companies’ capital, according to Minister of Public Business Sector Hisham Tawfik.

Egypt - Urban & Transport
4/20/2022 3:03:26 PM
Egypt is currently negotiating with an international automaker to produce electric-powered three-seater vehicles in order to replace three-wheeled auto-rickshaws — locally known as tuk-tuks — Minister of the Public Business Sector Hisham Tawfik announced on Wednesday.

Al-Ahram Weekly - Economy
12/25/2021 1:02:00 PM

Business - Markets & Companies
11/9/2021 6:44:43 PM
Egypt plans to liquidate five state-owned companies “in the near future” after all efforts to end their losses have failed, and will announce the names in December, Minister of the Public Business Sector Hisham Tawfik revealed on Tuesday.

Al-Ahram Weekly - Egypt
2/5/2021 12:48:00 PM
Public Enterprise Minister Hisham Tawfik faces MPs’ ire over the liquidation of the Egyptian Iron and Steel Company

Business - Economy
1/25/2021 1:22:10 PM
The company’s total losses in FY2019/2020 recorded EGP 994 million, compared to FY2018/2019’s EGP 571 million in profits, according to the company’s financial statements released in December.

Business - Economy
5/12/2020 2:31:52 PM
These are the first amendments made to the law since its issuance in 1991

Egypt - Politics
11/3/2019 4:04:18 PM
The reforms aim to make the sector more competitive and boost its contribution to the national economy. Gamal Essam El-Din reports

Business - Economy
7/11/2019 10:33:25 PM

Business - Economy
2/16/2019 7:12:03 PM
The government is on track in efforts to restructure and develop Egypt’s battered state-owned companies

Business - Economy
1/26/2019 8:35:08 PM
The government’s initial public offerings programme to privatise selected public-sector companies may be launched soon

Business - Economy
1/12/2019 10:36:46 AM
Five years after a court order nullified its privatisation, the fate of the Nile Cotton Ginning Company remains in limbo

Business - Economy
10/13/2018 4:41:07 PM
Mona El-Fiqi reports on the economic repercussions of the decision to liquidate the National Cement Company

Business - Economy
9/25/2018 10:52:27 AM
The National Cement Company may soon be forced to exit the public sector after damning reports on its performance

Business - Economy
9/1/2018 4:12:52 PM
Further plans are afoot to revive Egypt’s battered public-sector companies

Business - Economy
6/21/2018 12:52:45 PM
Beesan Kassab looks at what is expected from the new members of the government’s economic team