A Ministry of Investment delegation headed by Minister of Investment Dalia Khorshid met with a delegation of representatives from major international investment funds currently visiting Cairo to participate in “Egypt conference”, organised and hosted by EFG-Hermes. The delegation included more than 26 banks representing major investment funds in the United States, Germany, France, the United Arab Emirates, Saudi Arabia, and South Africa. She added that the government also approved a number of laws, including the new Investment Law, Restructuring Law, Bankruptcy Law, One-Person Company (OPC) Law, Executive Regulations for the Movable Collateral Law, Labour Law and Licensing Law. Khorshid stressed that the ministry added amendments to the draft capital market law submitted by the Egyptian Financial Supervisory Authority (EFSA). In this regard, the ministry will launch tours to promote the investment climate in Egypt, the most promising strategic sectors, and companies in Q1 2017 offerings.

Source: Daily News Egypt January 12, 2017 13:33 UTC