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Egyptian forum dreams up ways to attract expat money

A recent forum for Egyptian expatriates produced various ideas on how to get emigrants to invest in their home country.
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CAIRO — On July 30, Egypt’s Ministry of State for Immigration and Expatriate Affairs held its first forum for Egyptian expatriates. The conference resulted in several recommendations to promote investment in Egypt. They included exploring the possibility of opening branches of local banks abroad, marketing the Egyptian banking system to Egyptians abroad and coordinating between the Foreign Ministry and banks to include representatives of Egyptian banks in consulates.

Upon the request of President Abdel Fattah al-Sisi and in cooperation with four banks, Misr Life Insurance started issuing Safety Certificates in March. The savings certificates are available for marginalized classes and self-employed workers.

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