The House of Representatives’ Transportation Committee is looking to have parliament take part in drafting the Ride Hailing Apps Act’s executive regulations, sources familiar with the matter said, according to Al Mal. Despite this not being the official role of parliament, the sources said the move is precautionary to prevent disputes between the various ministries tasked with drafting the regs, especially the Transport, CIT, and investment ministries. The regulations are supposedly due out before year-end.
More from Enterprise
CBE tightens oversight on NBFIs banking amid debate
The move comes amid a growing debate over the rapid…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
Fawry overhauls subsidiary leadership with new Fawry Plus, Fawry MSME heads
The fintech pioneer taps Group CFO Abdelmeguid Afifi to run…