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President Sisi issues new decree
President Abdel Fattah El Sisi issued a presidential decree to increase the capital of the Arab Monetary Fund and to amend certain articles of its founding agreement, aiming to enhance its financial capabilities and align with the current stage. The decision was approved by the House of Representatives on May 19, 2026, and published in the Official Gazette after being ratified by the President on May 24, 2026. This measure is part of efforts to support the development of the Arab Monetary Fund and improve its financial performance in accordance with legal and constitutional requirements.
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