VOL. XXXI

NO. 36

13-JUNE-1988

Financial and Banking News

REGIONAL BANKING

Compromise Law Mollifies Egyptian Investment Companies

Egypt's fractious Islamic investment company sector reached a compromise withthe government last week over the latter's attempts to regulate theiractivities. A law was approved by the cabinet, passed by parliament and signedby the President on 10 June which significantly reduces the extent of governmentsupervision compared with earlier drafts. For their part, the leading...