Egypt President ratifies Amended Capital Market Law

Egyptian President Abdel-Fattah El-Sisi has signed the amended Capital Market Legislation into law in a presidential decree published by the Official Gazette, according to a Ministry of Investment and International Cooperation statement issued on Monday.

The amended Capital Market Law aims to encourage investment and offer financing opportunities for public and private projects, Investment Minister Sahar Nasr said.

The legislation allows also investors to hedge risks by introducing futures trading, a practice in which to two parties agree to trade an asset at a future time at a determined price.

The House of Representatives had approved in February amendments to 45 articles of the law, which were presented to the House by the ministry.