Investment Act will be with the House

In other legislative news, the Egyptian Council of State (Maglis El Dowla) has completed reviewing the Investment Act and will be passing it on to Parliament its way to parliament for approval, Al Borsa reports. The act is part of a bundle of laws the Maglis plans to send out to the House, which include the new Labor Act, amendments to prison and the protest laws, and the Agriculture Act — which imposes harsher punishments on the construction of non-agriculture buildings on agricultural land, according to the newspaper. Next up on the Maglis’ to-do list is its review of the Bankruptcy Act.