Contractors are losing their minds over what they see as “delays” in the House of Representatives passing a bill meant to compensate them for losses on government contracts incurred as a result of the float of the EGP. The bill — the text of which we are yet to see — would presumably allow the government to revise contracts to reflect the new cost base backing. Cue much whining from the sector, along with promises of at least one “urgent meeting” today. Al Borsa says. Both the House and the government are keen on issuing the bill as fast as possible, on legislator promises Al Shorouk, adding that the final draft should be coming to a vote in a plenary session “within days.” Local media reports last week said that the House would vote on the bill on Monday 13 March.

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