Regulatory Alerts2017-01-02
Circular dated December 29, 2016 regarding extending the work period for the tourism sector support initiative and the retail loans initiative for workers in the tourism sector
The Central Bank of Egypt's Board of Directors has approved extending the duration of the initiative to support the tourism sector for an additional year, ending in February 2018. Additionally, the retail loan initiative for tourism sector workers has been extended for six months, ending in June 2017. These extensions aim to support the tourism sector and its workers, acknowledging its importance to the economy and its continued impact.
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