The government targets attracting indirect investments worth USD5-10bn through listing more public companies on the Egyptian Exchange (EGX), Minister of Investment said. Earlier, the government set a three-to-five year program for public companies' initial public offerings (IPOs) on the EGX. The research and information company NI Capital will hire local and foreign consultancies for executing the IPOs whose first phase will include companies belonging to the energy and banking sectors, the Minister added. Central Bank’s Governor had previously announced plans to float a 50% stake of the Arab African International Bank (AAIB) and a 10% stake of Bank of Alexandria on the EGX. (Mubasher)