House studying alternatives to Contractors’ Compensation Act? Chatter in the halls of parliament had been suggesting that the Contractors’ Compensation Act could be coming to a plenary session vote at the House by 29 May, but members of the House of Representatives’ Housing Committee say they are studying alternatives to the act as it would cost state coffers more than EGP 10 bn, which may not be feasible at the moment, Al Borsa says. MPs had approved the bill in March and sent it to Council of State for a final review.

The Petroleum Ministry is expected to announce the results of its global gold exploration tender before the end of next week, officials said.

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