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Posted inSpeed Round

No subsidies for electric car charging in Egypt, companies seeing potential

No subsidies for electric car charging stations? The Electricity Ministry will not subsidize electricity sold to recharge electric vehicles, Electricity Minister Mohamed Shaker is quoted as saying by the domestic press. To do so would only inflate the nation’s subsidy bill. The remarks come amid increasing industry interest in electric vehicles. The Trade Ministry’s Egyptian […]

Posted inSpeed Round

Consumer Protection Act regs to be issued next week

LEGISLATION WATCH- Expect executive regs for Consumer Protection Act next week: The executive regulations for the Consumer Protection Act will be issued next week, Consumer Protection Agency (CPA) head Rady Abdel Moaty said. The law gives the CPA authority to impose price controls, censor advertisements and regulate the e-commerce, automotive and real estate markets. Don’t […]

Posted inSpeed Round

FinMin to draft new amendments to PPP law

LEGISLATION WATCH- FinMin looks to speed-up tenders for PPP projects: The Finance Ministry is preparing amendments that will cut the time to issue tenders for public-private partnership (PPP) projects and introduce new mechanisms for private sector contracting, minister Mohamed Maait said, according to Youm7. The amendments would allow private sector bidders to submit unsolicited proposals […]

Posted inUncategorized

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Posted inEGYPT IN THE NEWS

Italy to investigate five Egyptian security forces members suspect for Regeni kidnapping

Italy places five Egyptian security forces members under investigation for kidnapping Regeni: Italy’s prosecution to investigate five members of Egypt’s National Security Agency for their suspected involvement in the disappearance of Italian PhD student Giulio Regeni, Reuters reports. The suspects are not being looked at for Regeni’s murder, however; Italy has yet to accuse anybody […]

Posted inEGYPT IN THE NEWS

Greek Defense Minister: Egypt and Greece are “an axis of stability”

Egypt’s “leading role in the Arab world” is “something very important for Greece,” Greek Defense Minister Panos Kammenos said on Tuesday, according to Greek Reporter. Kammenos referred to Cairo and Athens as “an axis of stability” in the southeastern Mediterranean, and said the two countries are cooperating closely to safeguard the region’s stability. Other news […]

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