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Wednesday, 31 May 2017

On the horizon

Egypt, Germany cozying up ahead of visit to Berlin by El Sisi? President Abdel Fattah El Sisi could be traveling to Germany on 12 June to speak at the African-German Summit in Berlin, Al Masry Al Youm reports. El Sisi is expected to meet with representatives from 15 German companies from industries including energy, car manufacturing, and pharma during the trip. The German-Arab Chamber of Industry and Commerce and the Egyptian-German Business Council are planning a summit on the sidelines, sources add. Meanwhile, Investment Minister Sahar Nasr discussed with the German ambassador in Cairo preparations for a joint investment forum in Berlin “soon,” according to a ministry statement that gave no further details. They also discussed potential German investment in Egypt’s renewable energy sector and assistance for technical education.

Investment Act regulations ready in mid-June? The Investment Ministry is reportedly expecting to deliver the final draft of the executive regulations for the new Investment Act to cabinet for approval by mid-June, once it receives input from other ministries and government agencies. The ministry is also planning a promotional campaign for the act that will launch at a major investment conference sometimes in the last few months of the year.

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