CAIRO
Egypt aims to raise 6 billion pounds (Dh1.21 billion, $329 million) from the sale of stakes in state companies in the 2017-18 financial year, Finance Minister Amr Al Garhy told Reuters, part of government efforts to generate revenue and attract investors. He did not specify which companies would be involved, or the size of the stakes which would be offered to investors. Egypt plans to offer shares in several public companies, mainly in the petroleum and financial sectors, on the stock exchange this year. The offerings will be its first since 2005, when the state sold shares in Telecom Egypt, AMOC and Sidi Kerir.