After months of controversy, the Egyptian Cabinet finally approved the executive regulations of the new Investment Law. The financial and business community welcomed the approval of the new law’s executive regulations, stressing that it is a clear message for foreign investors that developing the investment climate tops the government’s priorities. Hani Berzi, chairperson of the Food Export Council, said the government’s issuance of the executive regulations enhances its credibility in front of the business community. The Cabinet said in a statement that the executive regulations were studied carefully taking into consideration all opinions and observations of associated ministries and authorities. Minister of Investment and International Cooperation Sahar Nasr pointed out that the government was committed to issue the executive regulations of the Investment Law within 90 days since its ratification in June.

Source: Daily News Egypt October 25, 2017 18:56 UTC