President Abdel Fattah Al-Sisi approved the Suez Canal investment certificate law Moday, state-owned news agency MENA reported. The investment certificates will be provided by the National Bank of Egypt, Banque Misr and Banque du Caire and the Suez Canal Bank. On Sunday, Governor of Central Bank of Egypt (CBE) Hisham Ramez announced, during a press conference, that around 6m tax-exempted Suez Canal investment certificates are ready to be issued, following the presidential approval. "We still await the decree that allows the Suez Canal Authority to issue the certificates," Ramez said, adding that a protocol will be signed between the participating banks, the Suez Canal Authority and the CBE.
