Egypt introduces new ‘sukuk’ law to attract Gulf investors

Egypt will launch its first Islamic debt guidelines and amend its capital market law in a try to spur Arab investment and open itself to investment from the Persian Gulf and Southeast Asia.
This will allow oil-rich countries to invest in the roughly 180 companies listed on the Egyptian stock market.
A statement published by the financial watchdog's website revealed that the proposal will be discussed by experts and other involved parties before being floated for final approval by Egypt's cabinet.

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