Arab Finance: The Council of Ministers discussed in its meeting headed by Dr. Mustafa Madbouly, a draft draft decision A draft law on the central areas of money and businessAs a draft law independent to regulate those areas to be established in Egypt.
The draft resolution stipulates that an economic public body called the “General Authority for the Central Regions of Finance and Business” is established, followed by the Council of Ministers, and the minister concerned with investment affairs shall be the head of the authority, and all regions are subject to it, and the authority works to develop the region and attract projects capable of competing with its counterparts in the world, With the strengthening of the region's position as a leading international financial center, with the aim of creating a competitive commercial and organizational environment that supports economic growth, in addition to applying the most appropriate international systems, practices and standards in force, as well as increasing the contribution of the financial and information services sector and activities related to them in Egypt's gross domestic product, as well as attracting And attracting investments to the state, and encouraging projects to take centers from the region to carry out its business and develop their investments.
The meeting witnessed a review of the observations made by a number of ministers, regarding the draft resolution, and directed the Prime Minister to include these observations, and presented the draft resolution in its final formulation to the council.
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