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...
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