{"id":568892,"date":"2020-02-06T04:23:52","date_gmt":"2020-02-06T04:23:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/06\/cabinet-finally-approves-real-estate-registry-act\/"},"modified":"2020-02-06T04:23:52","modified_gmt":"2020-02-06T04:23:52","slug":"cabinet-finally-approves-real-estate-registry-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/06\/cabinet-finally-approves-real-estate-registry-act\/","title":{"rendered":"Cabinet finally approves Real Estate Registry Act"},"content":{"rendered":"<p><strong>CABINET WATCH- Cabinet finally approves Real Estate Registry Act:<\/strong> The Madbouly Cabinet approved yesterday amendments to the Real Estate Registry Act that would speed up procedures for citizens to register properties, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/Council-of-Ministers-meeting-No.-77.aspx\">according to a cabinet statement<\/a>. The House of Representatives has been consistently nagging the Council of Ministers to introduce the bill, particularly after House speaker Ali Abdel Aal <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9ee9b1bd-0250-4d4d-aa64-3ef9886fbfcd\">criticized real estate registry offices<\/a> and said many citizens defer from registering their properties due to the difficult procedures and the high costs. The cabinet argued that red tape, not fees, is the main problem and amended the act to speed up the process. Under the proposed amendments, registration applications would be given a temporary code that automatically becomes permanent if uncontested within one month.<\/p>\n<p><strong>Also approved during the weekly meeting:<\/strong><\/p>\n<ul>\n<li>A USD 2.9 mn grant from South Korea to create an intellectual property database that enable online patent applications and access to patent information;<\/li>\n<li>Funding of EUR 120 mn from the European Investment Bank to develop a wastewater treatment plant in Alexandria.<\/li>\n<li>A cooperation protocol between the Egyptian Electricity Holding Company (EEHC) and the Egyptian General Petroleum Corporation (EGPC) to settle the financial disputes between the two by having the EEHC and its subsidiaries reschedule the debt they owe to the state oil company;<\/li>\n<li>A cooperation protocol between state-owned enterprises, public electricity companies, and EGPC to drop interest and fines they owe each other, and settle their debts.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CABINET WATCH- Cabinet finally approves Real Estate Registry Act: The Madbouly Cabinet approved yesterday amendments to the Real Estate Registry Act that would speed up procedures for citizens to register properties, according to a cabinet statement. The House of Representatives has been consistently nagging the Council of Ministers to introduce the bill, particularly after House [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":568893,"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":[8572],"tags":[4546,7106,72,4547,324,9379,4466,83,10186,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-568892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-cerezyme","tag-debt","tag-enterpriseam","tag-gaucher","tag-intellectual-property","tag-korea","tag-notary","tag-real-estate","tag-registry","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"765349cd-d6ec-4dca-a59e-e19515c38782","is_powered_by":true,"section_story_id":"3e3869cb-c09d-4732-8eca-b11bd876b270","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/2\/98.jpg","photo_position":"above","related_issue":[568880],"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>Cabinet finally approves Real Estate Registry Act - 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\/2020\/02\/06\/cabinet-finally-approves-real-estate-registry-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet finally approves Real Estate Registry Act\" \/>\n<meta property=\"og:description\" content=\"CABINET WATCH- Cabinet finally approves Real Estate Registry Act: The Madbouly Cabinet approved yesterday amendments to the Real Estate Registry Act that would speed up procedures for citizens to register properties, according to a cabinet statement. The House of Representatives has been consistently nagging the Council of Ministers to introduce the bill, particularly after House [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/06\/cabinet-finally-approves-real-estate-registry-act\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-06T04:23:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/98.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/06\/cabinet-finally-approves-real-estate-registry-act\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/06\/cabinet-finally-approves-real-estate-registry-act\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cabinet finally approves Real Estate Registry Act\",\"datePublished\":\"2020-02-06T04:23:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/06\/cabinet-finally-approves-real-estate-registry-act\/\"},\"wordCount\":243,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/06\/cabinet-finally-approves-real-estate-registry-act\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/98.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Cerezyme\",\"debt\",\"EnterpriseAM\",\"Gaucher\",\"intellectual property\",\"Korea\",\"Notary\",\"real estate\",\"Registry\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/06\/cabinet-finally-approves-real-estate-registry-act\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/06\/cabinet-finally-approves-real-estate-registry-act\/\",\"name\":\"Cabinet finally approves Real Estate Registry Act - 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The House has been\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":560545,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/03\/house-signs-off-on-suspending-real-estate-registry-act\/","url_meta":{"origin":568892,"position":1},"title":"House signs off on suspending Real Estate Registry Act","author":"enterpriseam admin","date":"3 March 2021","format":false,"excerpt":"It\u2019s official: Amendments to the Real Estate Registry Act will be suspended until 30 June 2023 after the House of Representatives\u2019 general assembly signed off yesterday on the suspension, according to a newsreel from the House (watch, runtime: 10:57). The House Legislative Committee had approved the decision earlier in the\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\/2021\/3\/79.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560625,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/07\/of-tax-breaks-and-loopholes\/","url_meta":{"origin":568892,"position":2},"title":"Of tax breaks and loopholes","author":"enterpriseam admin","date":"7 March 2021","format":false,"excerpt":"The loophole that gave tax breaks to state institutions investing in government debt is now officially closed after President Abdel Fattah El Sisi ratified a bill that repealed an income tax exemption on income derived from treasury holdings, Al Mal reports.Background: The bill, which was proposed by the Finance Ministry\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":[]},{"id":567559,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/house-approves-tax-dispute-consumer-credit-bills-in-principle\/","url_meta":{"origin":568892,"position":3},"title":"House approves Tax Dispute, Consumer Credit bills in principle","author":"enterpriseam admin","date":"27 January 2020","format":false,"excerpt":"LEGISLATION WATCH- House approves Tax Dispute Act in principle: The House of Representatives yesterday approved in principle the government\u2019s temporary tax dispute legislation, according to Al Shorouk. The Tax Dispute Act, which gained cabinet approval in December, would extend the recently expired Tax Dispute Resolution Act, mandating newly-established dispute settlement\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\/2020\/1\/704.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578480,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/new-real-estate-registry-competition-law-and-tax-amendments-are-now-in-effect\/","url_meta":{"origin":568892,"position":4},"title":"New real estate registry, competition law, and tax amendments are now in effect","author":"enterpriseam admin","date":"2 January 2023","format":false,"excerpt":"El Sisi signs into law real estate registry, competition, and tax law amendments: President Abdel Fattah El Sisi has ratified a number of legislative amendments recently passed by the House of Representatives, according to a decree published in the Official Gazette.#1- Amendments to the Real Estate Registry Act that streamline\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\/2023\/1\/8.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560513,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/02\/its-back-to-the-drawing-board\/","url_meta":{"origin":568892,"position":5},"title":"It\u2019s back to the drawing board","author":"enterpriseam admin","date":"2 March 2021","format":false,"excerpt":"Amendments to the Real Estate Registry Act are now suspended for at least two years under directives from President Abdel Fattah El Sisi, according to an Ittihadiya statement. 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