94 of 2017 to amend the bylaws of the law concerned with joint stock companies, limited partnerships by share companies, and limited liability companies. Egypt ranked 122nd in the World Bank’s 2017 Ease of Doing Business report, rising four places from the 2016 rank. She added that such amendments come in the framework of the efforts to strengthen corporate governance, according to Nasr. The statement mentioned that the proposal for the bylaw amendments to the current companies law No. According to Nasr, the ministry will spare no effort to develop the infrastructure of the legislative and executive business climate in Egypt.

Source: Daily News Egypt May 24, 2017 16:18 UTC