Cairo - Mubasher: The Egyptian Prime Minister, Sherif Ismail, said Wednesday that Egypt will issue its new investment law next month.

During the third National Youth Conference, which is held in Ismailia, Ismail added that the government is targeting foreign investments of $9.4 billion in fiscal year 2016/2017.

Ismail noted that Egypt aims at lowering inflation rates to 21.6% this year, and to 15.2% the next year, noting that the effects of the economic reform programme cannot be immediate.