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Finance: Indian firms urged to explore Egypt investments
The Ministry of Finance looks forward to a global financial system that meets the needs of developing countries, focusing on the development of innovative financing tools such as tax sukuk, which offer tax-exempt returns and serve as a guaranteed investment avenue. The Tax Authority confirmed that tax sukuk provide committed investors with a new advantage, and these tools face five challenges to ensure their effectiveness. The Ministry also announced the allocation of 6 billion EGP to disburse the third installment of exporter entitlements in cash, aiming to support export activities and strengthen the national economy.
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