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House passes long-awaited building reconciliation law
The law makes it easier for owners of unauthorized buildings before 15 October of this year to legalize their properties
Cabinet greenlights bill to simplify property tenure regularization + Egypt, Croatia agreement to eliminate double taxation
Violators will have six months to file requests to regularize their land tenure status under the new bill
Amendments to the SMEs + Child Act
House grants final approval to amendments to the 2020 SMEs law
Egypt to expand ties with African infrastructure investment platform + Tougher penalties for harassers approved
MPs approved two decrees that will see Egypt join the platform’s project development and project finance arms
Privatization, green hydrogen, labor law feature prominently as Madbouly government talks up its legislative agenda
The government have 58 draft laws on its priority list
New VAT on cigarettes gets final sign off
The new VAT is expected to raise EGP 8 bn
MPs approve fresh borrowing, oil exploration
The government will borrow USD 500 mn from Deutsche Bank and Bank ABC to fund healthcare and education spending
Private-sector minimum wage to rise 17% in 2024
Private-sector employees on the minimum wage will have seen their monthly income rise 45% in the past six months
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