Cabinet approves anti-fraud law, sanctions joining the AU’s anti-corruption initiative

The Ismail cabinet was on a roll yesterday after approving the stamp tax and reversing the entry visa hikes. Other decisions include:

• Approving amendments to the anti-fraud law that sets penalties for the manipulation of commodity prices in the market in its various forms, such as keeping stocks in storage longer than they should to resell them at higher prices;
• Sanctioning Egypt joining the African Union’s initiative to battle corruption by multinational corporations in Africa;
• Signing off on a presidential-level agreement that establishes a direct flight route between Egypt and Hungary.