The House of Representatives’ Economic Committee gave a preliminary nod to theInvestment Act on Monday during its first session debating the bill, Al Mal reports. Committee members expect to finalize their discussions in two weeks’ time before the bill comes up for a vote by the House as a whole by the end of March. The committee plans to bring business and investor associations into the discussions starting next week and also wants to consult the Finance Ministry, the Central Bank of Egypt, and the Egyptian Financial Supervisory Authority, Al Borsa says. Investment and International Cooperation Minister Sahar Nasr is also expected to join the meetings and had promised representatives that the executive regulations for the act would be ready in time for the vote.

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