The House of Representatives’ Housing Committee will be voting on the State Contractors Act in a plenary session next Monday, after giving a preliminary nod to the bill on Monday, Al Mal reports. The legislation will compensate suppliers and contractors for FX losses incurred after the EGP float and has been in the works since December.

On the legislative agenda this month is also the Natural Gas Act, which will be voted on by the House general assembly at the end of March.

A World Bank delegation is due in town before mid-March to evaluate the economic reform. World Bank Country Director for Egypt, Yemen and Djibouti Asad Alam had good things to say on that front, stating that the reform agenda were doing wonders as far as attracting foreign investment and bolstering exports,Al Shorouk reports.

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