{"id":569538,"date":"2020-02-27T04:35:44","date_gmt":"2020-02-27T04:35:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/27\/cabinet-approves-public-enterprises-act-amendments\/"},"modified":"2020-02-27T04:35:44","modified_gmt":"2020-02-27T04:35:44","slug":"cabinet-approves-public-enterprises-act-amendments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/27\/cabinet-approves-public-enterprises-act-amendments\/","title":{"rendered":"Cabinet approves Public Enterprises Act amendments"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>CABINET WATCH- The Madbouly Cabinet approved yesterday amendments to the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/27d95a2e-524e-4222-a430-a0b2d42d2ed1\">Public<\/a><\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/27d95a2e-524e-4222-a430-a0b2d42d2ed1\">Enterprises Act<\/a><\/strong> after including comments and proposed changes from the council of ministers, <a href=\"https:\/\/bit.ly\/38168yX\">according to a cabinet statement.<\/a> The 26-article bill would remove listed companies in which the government owns a 75% stake from the legislation, and bring them within the scope of the Companies Act, thus giving general assemblies more power to increase governance, oversee company boards and remove them if they deliver bad poor results. The bill should soon be shipped to the Council of State (Maglis El Dawla) for review before entering the House of Representatives for discussion and a final vote.<\/p>\n<p><strong>Also approved during the weekly meeting:<\/strong><\/p>\n<ul>\n<li><strong>Covid-19 readiness: <\/strong>A Health Ministry request to purchase through direct order (rather than through the customary and lengthy tender process) protective gear to ward against spread of the covid-19 virus;<\/li>\n<li><strong>Cairo Metro Line 3 contract: <\/strong>A 15-year contract between the National Authority for Tunnels and a French company to take over the management, operation, and maintenance of the Cairo Metro Line 3;<\/li>\n<li><strong>Miscellany: <\/strong>A bundle of decisions and recommendations from the cabinet engineering committee regarding awarding contracts or increase of orders, as well as separate decisions and recommendations from the investment dispute resolution committee.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CABINET WATCH- The Madbouly Cabinet approved yesterday amendments to the PublicEnterprises Act after including comments and proposed changes from the council of ministers, according to a cabinet statement. The 26-article bill would remove listed companies in which the government owns a 75% stake from the legislation, and bring them within the scope of the Companies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":569539,"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":[107,72,7125,7138,4233,79,2380,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-569538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-covid-19","tag-enterpriseam","tag-environment","tag-health","tag-ministers","tag-public-enterprises-ministry","tag-speed-round","tag-transport","wpautop","entry"],"acf":{"mongo_id":"ff11ab10-1ec1-4070-ab9b-a2375156967e","is_powered_by":true,"section_story_id":"b82fe5e2-dec0-463e-b250-8ef7048b2ab9","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/2\/349.jpg","photo_position":"above","related_issue":[569528],"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 approves Public Enterprises Act amendments - 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\/27\/cabinet-approves-public-enterprises-act-amendments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet approves Public Enterprises Act amendments\" \/>\n<meta property=\"og:description\" content=\"CABINET WATCH- The Madbouly Cabinet approved yesterday amendments to the PublicEnterprises Act after including comments and proposed changes from the council of ministers, according to a cabinet statement. The 26-article bill would remove listed companies in which the government owns a 75% stake from the legislation, and bring them within the scope of the Companies [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/27\/cabinet-approves-public-enterprises-act-amendments\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-27T04:35:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/349.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\/27\/cabinet-approves-public-enterprises-act-amendments\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/27\/cabinet-approves-public-enterprises-act-amendments\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cabinet approves Public Enterprises Act amendments\",\"datePublished\":\"2020-02-27T04:35:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/27\/cabinet-approves-public-enterprises-act-amendments\/\"},\"wordCount\":209,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/27\/cabinet-approves-public-enterprises-act-amendments\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/349.jpg?fit=%2C&ssl=1\",\"keywords\":[\"covid-19\",\"EnterpriseAM\",\"environment\",\"health\",\"Ministers\",\"Public Enterprises Ministry\",\"SPEED ROUND\",\"transport\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/27\/cabinet-approves-public-enterprises-act-amendments\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/27\/cabinet-approves-public-enterprises-act-amendments\/\",\"name\":\"Cabinet approves Public Enterprises Act amendments - 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The bill sets a framework for the state to regulate the planning and execution of national projects based on their merit, costs, and sources of\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":567468,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/23\/cabinet-to-begin-discussing-public-enterprises-act-changes-next-week\/","url_meta":{"origin":569538,"position":1},"title":"Cabinet to begin discussing Public Enterprises Act changes next week","author":"enterpriseam admin","date":"23 January 2020","format":false,"excerpt":"LEGISLATION WATCH- The Madbouly Cabinet will begin discussing the Public Enterprises Act amendments next week, Public Enterprises Minister Hisham Tawfik said, told Al Mal. If passed, the 26-article bill would remove listed companies in which the government owns a 75% stake from the legislation, and bring them within the scope\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\/683.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568892,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/06\/cabinet-finally-approves-real-estate-registry-act\/","url_meta":{"origin":569538,"position":2},"title":"Cabinet finally approves Real Estate Registry Act","author":"enterpriseam admin","date":"6 February 2020","format":false,"excerpt":"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\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\/2\/98.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570206,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/23\/house-suspends-discussions-on-auto-strategy-public-enterprises-act-amendments-indefinitely\/","url_meta":{"origin":569538,"position":3},"title":"House suspends discussions on auto strategy, Public Enterprises Act amendments indefinitely","author":"enterpriseam admin","date":"23 March 2020","format":false,"excerpt":"LEGISLATION WATCH- House suspends discussion of auto strategy, Public Enterprises Act amendments indefinitely thanks to covid: The House industry committee has decided to postpone discussions on the government\u2019s auto strategy and the amendments to the Public Enterprises acts indefinitely due to the covid-19 outbreak, the local press reported citing parliamentary\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":622600,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/public-enterprises-act-amendments-completed\/","url_meta":{"origin":569538,"position":4},"title":"Public Enterprises Act amendments completed","author":"enterpriseam admin","date":"8 October 2018","format":false,"excerpt":"LEGISLATION WATCH- Public Enterprises Act amendments completed: The Public Enterprises Ministry has completed drafting the amendments to the Public Enterprises Act that could open the door for the government to list state holding companies, Minister Hisham Tawfik tells Al Masry Al Youm. He did not disclose details of the proposed\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":570025,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/tawfik-surveys-mps-opinion-on-new-public-enterprises-act\/","url_meta":{"origin":569538,"position":5},"title":"Tawfik surveys MPs\u2019 opinion on new Public Enterprises Act","author":"enterpriseam admin","date":"16 March 2020","format":false,"excerpt":"LEGISLATION WATCH- Tawfik surveys house representatives\u2019 opinion on new Public Enterprises Act: Public Enterprises Minister Hisham Tawfik met last week with lawmakers in the House of Representatives to survey their opinions on the amendments to the Public Enterprises Act, which were passed by the cabinet last month and will soon\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569538","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=569538"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569538\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/569528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/569539"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=569538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=569538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=569538"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=569538"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=569538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}