Egypt eyes new law to regulate flow of foreign capital
- Egypt: Monday, September 10 - 2012 at 12:11
The Egyptian cabinet is considering a new legislation to regulate the flow of foreign capital to Egypt whether in investments or funding for non-governmental organisations (NGOs), the Daily News Egypt has reported. The move aims to reform and develop the law governing the work of NGOs in Egypt due to their role in achieving the sustainable development, said planning and international cooperation minister, Ashraf Al-Arabi, adding that the new law will be filed with the People's Assembly following its election.
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