Egypt Tries Undoing Mubarak Deals

As Egypt struggles to revive an economy battered by last year’s uprising against Hosni Mubarak, private lawsuits are attempting to overturn the sale of state assets during his rule. The court actions present the new government with a dilemma: It’s trying to attract foreign investment while addressing the demands of a population that stages protests and strikes almost weekly. Many protesters demand the return of former state companies to the government, or a renegotiation of the prices of old deals. “I pity them,” says Hisham Fahmy, chief executive of the American Chamber of Commerce in Cairo, of Egypt’s new rulers.

Read Here – Businessweek

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