Egypt forms committee to settle investment deals


Egypt’s Prime Minister Essam Sharaf ordered the formation of a committee of government officials and legal experts to settle problems surrounding investment contracts, said the cabinet

“This comes within the government’s framework to support investment and clear all obstacles faced by investors,” the cabinet said in a statement, Reuters reports.

The decision comes after a string of legal challenges to sales of state land to real estate developers that have shaken confidence in Egypt’s property sector.