VOL. XXXII
NO. 41
17-JULY-1989
Financial and Banking News
BUDGETS AND REVENUES
Egypt's New Investment Law Seeks to Attract Foreign Capital
The Egyptian parliament (People's Assembly) on 5 July approved a newinvestment law designed to encourage foreign and domestic investments in theprivate sector by offering tax holidays and simplifying cumbersomeadministrative procedures. The new law, which replaces Law 43 of 1974 for theinvestment of Arab and foreign capital, grants the Egyptian investor the same...
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