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Tuesday, 24 March 2020

El Sisi ratifies Consumer Credit Act

El Sisi ratifies Consumer Credit Act: President Abdel Fattah El Sisi has ratified the Consumer Credit Act, the local press reports, carrying a copy of the bill. The legislation, which received House approval late last month, introduces a new regulatory framework for consumer finance companies governing business creation and operations, as well as providing companies that finance purchases of consumer durables with more clarity regarding expanding their businesses.

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