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Tuesday, 11 July 2017

Seriously, Union of Egyptian Investors Associations. Slow your roll

Seriously, Union of Egyptian Investors Associations. Slow your roll: The communists who bleed green at the Union of Egyptian Investors Associations are not happy with the foreign labor requirements in the executive regulations of new Investment Act, Youm7 reports. The organization’s head Mohamed Farid Khamis said that raising the limit on foreign labor employment for an investment project to 20% would open the door to corruption, adding that the requirement is unnecessary as Egypt’s labor is more than capable of meeting the demands of investment. Patriotic verver aside, what really got our blood up is their suggestion that passing the executive regulations requires their approval and that of other industry associations such as the Federation of Egyptian Industries. Instead, we propose that members of these associations, perhaps get into politics, join parliament and head up coalitions in…oh wait.

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