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The Egyptian Cabinet approved a legislative amendment aiming to ease regulations for foreigners to own residential properties in Egypt, on Wednesday, 5 July. In May, Prime Minister Mostafa Madbouly announced that foreigners would be allowed to own property in Egypt with no limits, but according to certain rules. Non-Egyptians wishing to own residential property in Egypt are to pay the price in foreign currency via transfering money to banks wholly owned by the state, but are no longer limited to…