26 February 2013

Egypt: Cabinet Endorses Sukuk Draft Law

Minister of Finance's Advisor Ahmed Al-Naggar said on Monday 25/2/2013 that the final endorsement of the Sukuk Islamic bonds bill, worked out by the government, will take place during the cabinet's meeting on Wednesday, prior to referring it to the Shura Council for discussion.

During the meeting of the Financial Affairs Committee which convened to discuss the draft law, al-Naggar added that the Sukuk is capable of luring additional foreign investments.

Copyright © 2013 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.