President promises investment law amendments
President Sisi reportedly said at a meeting organised by the Business Council for International Understanding in New York that the government will amend the Investment Act in line with investor feedback. The amendment has been extended to 1 October from the original deadline of 12 September, likely to centre around the return of investment incentives, including tax breaks and free zones. Meanwhile, a US business delegation will visit Egypt in October to explore investment opportunities, according to David Thorne, senior adviser to US Secretary of State John Kerry. (Al Mal, Enterprise)
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