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Odin’s Hashem El Sayed appointed assistant PM, head of state-owned companies cabinet unit
El Sayed will serve a four-year renewable term
Cabinet greenlights new universities, sends competition bill to parliament
The new universities include one international institution and a private university in Alexandria
Cabinet mulls fresh incentives to boost hotel room capacity
The new exemptions apply only to hotel facilities and have nothing to do with tourist establishments
Cabinet sets rules for Old Rent Law committees, greenlights new industrial land pricing
Cabinet greenlit amendments to customs and VAT exemptions on imported cars for individuals with disabilities
Another decision to sweeten the pot for foreign energy players
Cabinet agreed to implement the R-Factor mechanism in specific oil agreements
Gov’t sets up new advisory committees to ensure private sector involvement in decision making
The committees will ensure continued and deepened communication between policymakers and the private sector
Cabinet greenlights EGP 30 bn industrial initiative, grants two multi-mn projects golden licenses
The initiative aims to provide financial facilities for private sector companies to purchase machinery, equipment, or production lines
Cabinet approves new rules for Nile facilities + maritime cooperation with Oman + extended land lease for France’s Alstom
Amendments to the Water Resources and Irrigation Law will open up more of the Nile riverbank to development
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