Sunday, 2 October 2011

Egypt 'committed to free market' after investor fears, Egypt Politics - Maktoob News

Egypt's deputy prime minister said on Sunday that his country was committed to a free market economy, after the ownership of three companies was returned to the state, sparking fears among investors.

"The government will not backtrack on a free market economy," said Hazem al-Beblawi, who is also the interim government's finance minister.

On September 21, the Cairo Administrative Court suspended the privatisation contracts of three companies, returning them to the public sector.

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