House to vote on Investment Act by end of March: The House of Representatives’ Economic Committee expects to bring the Investment Act to a vote before the House as a whole by the end of March, committee chair Amr Ghallab tells Al Borsa. Investment and International Cooperation Minister Sahar Nasr reportedly promised to attend all of the committee’s sessions on the bill to ensure a smooth and speedy round of discussions, Ghallab adds. Nasr, who appeared before the committee on Sunday alongside GAFI chief Mohamed Khodeir, reassured representatives that the executive regulations to govern the law were “a few short weeks” away from being complete and would be ready in time for the vote, the ministry said in an emailed statement.
More from Enterprise
Banks set for acquisition rush as CBE scraps 40% ownership cap for financial companies
The CBE will by extension see its oversight of these…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Egypt looks to restart privatization push with five new EGX filings
Egypt is looking to temporarily list 20 state-owned companies this…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…