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Sunday, 5 February 2017

Egyptian Council of State concludes review of Investment Act

The new Investment Act has been reviewed by the Egyptian Council of State (Maglis El Dowla) and is back with the cabinet to make the Maglis’ recommended amendments before going up for a vote at the House of Representatives “soon”, Al Borsa reports. While she didn’t get into any of the particulars of the changes, Investment Minister Dalia Khorshid showered the Maglis with praise for its recommended amendments, stating that they are in keeping with the true purpose of the legislation.

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