A draft law proposal seeking to impose heavier fines and penalties for subsidy fraud will has been tabled for discussion by Parliament’s Legislative Committee, Al Mal reports. The bill looks to impose jail sentences of at least six months and fines of between EGP 20,000-1 mn, according to Rep. Seliman Fadl.
More from Enterprise
Inflation unexpectedly cools, putting rate-cut cycle back in play
The first fall in the headline rate in three months…
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…
Apis Partners has continued appetite for Egypt after closing its third fund at more than double its predecessor
Apis partner Hossam Abou Moussa singles out MNT-Halan as a…