The Supreme Investment Council ordered the establishment of a National Payments Council during its third meeting on Monday, AMAY reported. The initiative is part of the 17 pro-investment policies the Council had adopted in its first meeting in November and will aim mainly to oversee Egypt’s transition into a less cash-reliant society. During the meeting, Investment Minister Dalia Khorshid said that the Council of State is currently reviewing the draft Investment Act and should be sending it to the House of Representatives soon.

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