Imagine you have a single account called “What the Government Wants from Us.” That’s what some businesses may find going forward after Cabinet signed off in principle on a directive from Prime Minister Moustafa Madbouly to set up an electronic clearing system. The idea is that the system will show the sum total of what the state wants from individual businesses (taxes and the like) — and what those businesses are owed by the state (incentives, tax breaks, and more).

What’s next: The Finance Ministry will write up a draft of the executive regulations that would govern the platform, cabinet said in a statement following its weekly meeting last Wednesday. The statement provided no additional detail.

Remember: This was one of the decisions greenlit by the Supreme Investment Council in May.

ALSO- Cabinet signed off on executive regs for the Egyptian Health Council Law, which was ap proved by the Hou se in February last year. The council aims to improve healthcare services provided to citizens and to regulate medical training and licensing.

AND- Egypt x UNESCO: The cabinet approved Egypt’s participation in an amended UNESCO agreement focused on recognizing higher education qualifications in Arab countries. This could make it easier for Egyptian students to have their qualifications assessed and accepted by other member states, opening doors for postgraduate studies and job opportunities.

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