Egyptian control for Al-Arabiya: negotiations for the granting of tax incentives to real estate funds

The chairman of the Financial Supervisory Authority, Dr Mohamed Omran, confirmed in an interview with Al Arabiya that many steps have been taken to stimulate the creation of real estate funds in Egypt.

In an interview with Al Arabiya, Omran stated that they are in Negotiations were underway with the Ministry of Finance to grant tax incentives to real estate funds, indicating the issue of rules for the establishment of mining funds.

He revealed that no party has proposed establishing gold funds in Egypt.

Claimed that financial control in Egypt is trying to establish rules that trigger margin buying while minimizing risk.

The head of financial control has revealed that at the end of this month there will be the granting of the first license to the SPAC companies and that the authority is studying further incentives for the issuance of green bonds.

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