VOL. XLIV

No. 27

2-July-2001

EGYPT

Egypts New Mortgage Law Opens Opportunities For Mortgage Finance Industry

After considerable debate and modification, Egypts parliament on 16 June passed a mortgage law. The new law allows the financial sector to offer mortgages to Egyptians, creating opportunities for the development of a mortgage securities industry and significantly improving prospects for the housing construction sector. The news has already caused Egyptian construction-related stocks to...