LEGISLATION WATCH- GAFI drafting amendments to Investment Act? The General Authority for Free zones and Investments is planning to send draft amendments to the Investment Act to the government within days,Al Masry Al Youm quotes GAFI chief Mohsen Adel is saying. Adel gave no details of the amendments, but free zone investors have been saying that GAFI might be looking to give them a break from taxes and fees imposed in the 2017 Investment Act.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
Why EGX stocks are going under the IPO wave
Fund managers are releasing liquidity for ongoing and future IPOs,…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…