Investment Act could be split into two separate laws -House Economic Committee Chair

Could the Investment Act be split into two laws? The House of Representatives’ Economic Committee is leaning toward splitting the proposed Investment Act into two bills: One that would focus on private-sector investors, and another that would government state investment agencies, Youm 7 reports committee chair Amr Ghallab as saying. The much-anticipated law has already been reworked in the last few months to reflect input from state entities and business associations. Ghallab didn’t indicate whether the process could further delay the planned late March / early April vote on the bill.

Also in the House yesterday: House Speaker Ali Abdel Aal referred yesterday the text of the agreement with the International Monetary Fund on a USD 12 bn extended funds facility to the House’s Economic and Legislative Committees for review, Al Mal reports.