Egypt is targeting foreign direct investments of USD10-15 and foreign indirect investments of USD5–10bn over the coming three years, the Ministry of Investment Dalia Khorshid said. Earlier, the Supreme Investment Council approved a package of measures to boost investment, including: an extended suspension of capital gains tax on shares, tax exemptions for producers in strategic sectors that Egypt imports or exports and new ways to settle tax disputes and to reduce bureaucratic barriers to investment. (Al Mal)
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