VOL. XXXII

NO. 7

21-NOVEMBER-1988

Financial and Banking News

REGIONAL BANKING

Major Egyptian Investment Companies Fail To Comply With New Law

Now that the dust has settled after the 9 November deadline for registeringIslamic investment companies in Egypt (MEES, 14 November), it has emerged thatsome of the principal players in this market have failed to comply fully withthe Deposit Taking Companies Law passed on 10 June. Of the 103 investmentcompanies identified by the Capital Markets Authority...