{"id":549924,"date":"2022-10-05T04:05:16","date_gmt":"2022-10-05T04:05:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/05\/one-step-closer-to-harsher-penalties-for-building-on-farmland-world-bank-gives-us-tub-tubs-on-governance\/"},"modified":"2022-10-05T04:05:16","modified_gmt":"2022-10-05T04:05:16","slug":"one-step-closer-to-harsher-penalties-for-building-on-farmland-world-bank-gives-us-tub-tubs-on-governance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/05\/one-step-closer-to-harsher-penalties-for-building-on-farmland-world-bank-gives-us-tub-tubs-on-governance\/","title":{"rendered":"One step closer to harsher penalties for building on farmland + World Bank gives us tub-tubs on governance"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Illegally building on agricultural land could soon cost you up to EGP 10 mn and up <\/strong><strong>to five years in prison: <\/strong>The House\u2019s Legislative and Constitutional Affairs Committee approved amendments to the Agriculture Act introducing harsher penalties for illegally building on agricultural land, after cabinet <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c1695ea8-c915-49ae-b9f8-c0e2fa17a928\">greenlit the amendments<\/a> earlier this year. Parliament will discuss the amendments when MPs reconvene on 16 October.<\/p>\n<p><strong>The World Bank is giving us improved marks on governance: <\/strong>Egypt improved on five out of six sub-indicators in the World Bank\u2019s latest global governance rankings. Our overall score in the Worldwide Governance Aggregate Indicators (WGIs) jumped to 27.5 from 25.6 in 2020, according to the <a href=\"https:\/\/databank.worldbank.org\/reports.aspx?Report_Name=WGI-Table&Id=ceea4d8b#\">World Bank figures<\/a>. The WGI measures political stability, rule of law, control of corruption, government effectiveness (the only metric where we didn\u2019t see an improvement), voice and accountability, and regulatory quality. The Planning Ministry picked up the <a href=\"https:\/\/mped.gov.eg\/singlenews?id=2450&lang=en\">news<\/a>.<\/p>\n<p><strong>Methodology: <\/strong>The WGIs are <a href=\"https:\/\/info.worldbank.org\/governance\/wgi\/\">based on more than 30 data<\/a> sources produced by survey institutes, think tanks, NGOs, international organizations, and private sector firms. They have been covering over 200 nations since 1996. You can check out Egypt\u2019s rankings over the past two decades <a href=\"https:\/\/info.worldbank.org\/governance\/wgi\/Home\/Reports\">here<\/a>.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Alborg<\/strong> <strong>Scan<\/strong> opened a <strong>new EGP 50 mn branch<\/strong> in Maadi and has three more branches in the pipeline worth a combined EGP 200 mn. (<a href=\"https:\/\/bit.ly\/3SydEte\">Statement, pdf<\/a>)<\/li>\n<li><strong>An Egyptian-Portuguese investment forum in Lisbon <\/strong>sees 80 companies looking at opportunities in Egypt\u2019s textiles, construction, and pharma sectors. (<a href=\"https:\/\/bit.ly\/3EfLizD\">Statement<\/a>)<\/li>\n<li>The <strong>National Fund of Greece<\/strong> has become a member of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f1ef12a5-a15a-4485-b9fb-d911968971b0\">\u201ccollaborative<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f1ef12a5-a15a-4485-b9fb-d911968971b0\">network\u201d<\/a> of <strong>European, Middle East, and North Africa (EMENA) sovereign funds<\/strong>, joining the Egyptian, Maltese, French, and Spanish sovereign funds. (<a href=\"https:\/\/ent.news\/2022\/10\/EMENA_Press-Release.pdf\">Statement, pdf<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Illegally building on agricultural land could soon cost you up to EGP 10 mn and up to five years in prison: The House\u2019s Legislative and Constitutional Affairs Committee approved amendments to the Agriculture Act introducing harsher penalties for illegally building on agricultural land, after cabinet greenlit the amendments earlier this year. Parliament will discuss the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[97,2518,111,130,72,2517,187,2519,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549924","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-agriculture","tag-alborg-scan","tag-also-on-our-radar","tag-construction","tag-enterpriseam","tag-governance","tag-legislation-watch","tag-sovereign-funds","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"25f170e7-ebe1-4d70-bb45-d8427ccb4ed9","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[549905],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>One step closer to harsher penalties for building on farmland + World Bank gives us tub-tubs on governance - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/05\/one-step-closer-to-harsher-penalties-for-building-on-farmland-world-bank-gives-us-tub-tubs-on-governance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"One step closer to harsher penalties for building on farmland + World Bank gives us tub-tubs on governance\" \/>\n<meta property=\"og:description\" content=\"Illegally building on agricultural land could soon cost you up to EGP 10 mn and up to five years in prison: The House\u2019s Legislative and Constitutional Affairs Committee approved amendments to the Agriculture Act introducing harsher penalties for illegally building on agricultural land, after cabinet greenlit the amendments earlier this year. 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Under the amendments, those convicted will be banned from receiving government food subsidies and could face jail terms ranging from two to five years as well as fines\u2026","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/243.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544608,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/cabinet-okays-harsher-penalties-under-crackdown-of-building-on-farmland\/","url_meta":{"origin":549924,"position":1},"title":"Cabinet okays harsher penalties under crackdown of building on farmland","author":"enterpriseam admin","date":"13 March 2022","format":false,"excerpt":"Harsher penalties will be introduced for illegally building on agricultural land under amendments to the Agriculture Act approved by the Cabinet during its weekly meeting on Thursday, it said in a statement. Those convicted will be banned from receiving government food subsidies, and will face jail terms ranging from two\u2026","rel":"","context":"In &quot;Cabinet watch&quot;","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/147.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569876,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/house-approves-unified-building-code\/","url_meta":{"origin":549924,"position":2},"title":"House approves Unified Building Code","author":"enterpriseam admin","date":"10 March 2020","format":false,"excerpt":"LEGISLATION WATCH- The House of Representatives has approved the Unified BuildingCode in its plenary session on Monday, Masrawy reports. The long-awaited amendments extend the validity of building permits to three years from one, and impose harsher penalties on violators and state officials found guilty of not acting to penalize building\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561266,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/31\/also-on-our-radar-on-31-march-2021\/","url_meta":{"origin":549924,"position":3},"title":"Also on our Radar on 31 March 2021","author":"enterpriseam admin","date":"31 March 2021","format":false,"excerpt":"Egypt-Sudan electricity link gets a boost: Siemens Energy was awarded a contract to build two grid stabilization stations in Sudan that will help feed cross-border electric power to Egypt as part of the Egypt-Sudan Electric Interconnection Project. The stations come as Egypt has agreed to invest EGP 450 mn in\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569324,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/egypts-parliament-committees-finalize-unified-building-code-draft\/","url_meta":{"origin":549924,"position":4},"title":"Egypt\u2019s parliament committees finalize Unified Building Code draft","author":"enterpriseam admin","date":"20 February 2020","format":false,"excerpt":"LEGISLATION WATCH- House committees finalize Unified Building Code draft: The House housing, constitutional, and local management committees have finalized a draft of the Unified Building Code (pdf), which will now be put up for discussion in a plenary session. The long-awaited amendments would streamline procedures and cut red tape to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577033,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/07\/senate-committee-give-preliminary-approval-for-fx-incentive-bill\/","url_meta":{"origin":549924,"position":5},"title":"Senate committee give preliminary approval for FX incentive bill","author":"enterpriseam admin","date":"7 November 2022","format":false,"excerpt":"Senate committee gives initial approval to FX-for-tax cuts industrial plan: The Senate Financial and Economic Affairs Committee yesterday gave preliminary approval to draft amendments that would grant income tax breaks to investors who use FX to finance at least half of the cost of their projects. Under the proposed amendments\u2026","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=549924"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549924\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/549905"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=549924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=549924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=549924"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=549924"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=549924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}