Parliament to finish amendment to capital market law in few days: Nasr

Daily News Egypt
2 Min Read

The Egyptian Parliament is expected to finish amendments to the capital market law within a few days, as the most populous Arab country paves the way to attract more foreign inflows to boost its economy, Minister of Investment and International Cooperation Sahar Nasr said on Tuesday, on the sidelines of a press conference.

“Parliament is currently discussing amendments to the capital market law, which is likely to be finalised soon and submitted to the general committee to approve it,” Nasr said.

Nasr stressed during the conference, which was held by the Egyptian Exchange, the importance of the new law, as it will introduce new options for investors to raise capital from fluctuations in financial markets.

“The new capital market law will help in incurring more foreign inflows, and giving investors different options to raise capital,” she added.

New amendments are being made to the financial markets law including foundational regulations of futures and commodities exchanges, according to the minister.

“We are keen to help find an investment environment capable of attracting funds and spurring the flow of local and foreign investments,” she confirmed.

Commenting on the market performance last year, Nasr said that the good performance of the market in 2017 is an indication of the success of the economic reform programme.

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