CAIRO — In an interview with Al-Monitor, Kamal Amer, the head of the Egyptian parliament's National Defense and Security Committee, said that the introduction of a system granting residency to foreigners in return for bank deposits in hard currency “is in line with the Egyptian national security regulations.” This system was introduced earlier this month through amendments to the law on the entry, residency and exit of foreigners and the Egyptian Nationality Law.
Amer stressed that any person or foreign national posing a threat to Egyptian national security will not be allowed to enter the country.