LEGISLATION WATCH- House working group signs off on bill that regulates Federation of Egyptian Industries. A working group at the House of Representatives with members from the industry, budget and legislative committees has signed off on legislation regulating the Federation of Egyptian Industries (FEI), local news reported. The commission had held 15 meetings to discuss the bill, which was sent to the State Council for review last month. The bill sets four-year terms of the FEI’s board of directors and limits members to two consecutive terms in office. The bill also proposes scrapping fines for factories that don’t become members of the federation.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…