A new-look Competition Act is one step closer

One step closer to a new-look Competition Act: The House of Representatives approved amendments to the Competition Act yesterday, with a final vote on the bill delayed to an upcoming session. The amendments, which got a preliminary approval by the House earlier this week, would give the Egyptian Competition Authority (ECA) sharper teeth to regulate M&As.

Also getting a nod by MPs: MPs approved three oil exploration agreements in the Western Desert signed with Energean and Croatia-based INA, Kuwait Energy Egypt, and the Egyptian National Petroleum for Exploration and Development Company (Enpedco).