The Ismail government is planning to send legislation regulating small- and medium-sized enterprises to the House of Representatives when MPs reconvene in October, Al Borsa reports. The House SMEs Committee will merge the incoming law with another SMEs bill that was referred to parliament during its most recent session, committee head Hala Abul Saad says. The article provides no details on either law, but the House had been waiting on Cabinet to send over a law on taxing SMEs last October, and the Ismail government had also approved decisions to establish sole proprietorships in August 2016.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
Africa’s corporate debt market is just 0.3% of the world’s, with Egypt’s share more than halved since 2010
The OECD puts Africa’s market-based corporate debt at USD 211…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…