{"id":577001,"date":"2022-11-06T04:00:29","date_gmt":"2022-11-06T04:00:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/06\/dual-fuel-car-swap-scheme-expands-investment-act-amendments-enter-the-house\/"},"modified":"2022-11-06T04:00:29","modified_gmt":"2022-11-06T04:00:29","slug":"dual-fuel-car-swap-scheme-expands-investment-act-amendments-enter-the-house","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/06\/dual-fuel-car-swap-scheme-expands-investment-act-amendments-enter-the-house\/","title":{"rendered":"Dual-fuel car swap scheme expands + Investment Act amendments enter the House"},"content":{"rendered":"<p><strong>Gov\u2019t dual-fuel car swap scheme rolled out to another five governorates:<\/strong> People in Ismailia, Sharqiya, Beheira, Beni Suef and Sohag are now able to apply to the government scheme to swap their vehicles with a dual-fuel car, the Finance Ministry <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02KHoReU6oTyzkyG8uGvUbbsQG1u1UwQ9LacJC4BZo9ux85WVBFP3nX6WkG8bkpu7il\">said<\/a> Saturday.<\/p>\n<p><strong>AND-<\/strong> Cabinet has sent <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7f3d858e-3232-43cc-94b9-c3d26c9e267c\">amendments<\/a><\/strong><strong> to the 2017 Investment Law<\/strong> to the <strong>House of <\/strong><strong>Representatives<\/strong> that would extend until 2029 <strong>tax breaks for manufacturers <\/strong>that are set to expire in 2023. (<a href=\"https:\/\/www.youm7.com\/5963822\">Youm7<\/a>)<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Beltone SME<\/strong> is in talks with <strong>eight unidentified banks<\/strong> about contributing to its <strong>EGP 1 bn investment fund<\/strong>, which the firm expects to launch in 1Q 2023. The fund was initially set to launch <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b285b7e2-b1c9-4c48-8d18-3b78154d29f2\">last year<\/a>. (<a href=\"https:\/\/bit.ly\/3FHfTqD\">Al Mal<\/a>)<\/li>\n<li>A delegation from the <strong>World Health Organization<\/strong> is set to inspect <strong>Vacsera\u2019s <\/strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff3208a5-eb2b-4c01-89c4-fefb817a9d15\">covid jab<\/a> production lines ahead of granting it an <a href=\"https:\/\/www.who.int\/teams\/regulation-prequalification\/eul\">emergency use license<\/a> to export the vaccines. (<a href=\"https:\/\/bit.ly\/3U9M6er\">Statement<\/a>)<\/li>\n<li>Contractors will break ground on the USD 1.8 bn <strong><a href=\"https:\/\/enterprise.press\/hardhats\/egypt-saudi-electricity-interconnection-finally-kicks-into-gear\/\">Egypt-Saudi electricity<\/a><\/strong><strong><a href=\"https:\/\/enterprise.press\/hardhats\/egypt-saudi-electricity-interconnection-finally-kicks-into-gear\/\">interconnection<\/a><\/strong> project on <strong>1 December<\/strong>. (<a href=\"https:\/\/www.youm7.com\/5964288\">Youm7<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Gov\u2019t dual-fuel car swap scheme rolled out to another five governorates: People in Ismailia, Sharqiya, Beheira, Beni Suef and Sohag are now able to apply to the government scheme to swap their vehicles with a dual-fuel car, the Finance Ministry said Saturday. AND- Cabinet has sent amendments to the 2017 Investment Law to the House [&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":[111,72,6353,187,113,477,406],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577001","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam","tag-investment-law","tag-legislation-watch","tag-vaccines","tag-vacsera","tag-world-health-organization","wpautop","entry"],"acf":{"mongo_id":"91f8c0fe-5b46-4aa5-ae94-c3ba59bab818","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[576980],"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>Dual-fuel car swap scheme expands + Investment Act amendments enter the House - 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\/11\/06\/dual-fuel-car-swap-scheme-expands-investment-act-amendments-enter-the-house\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dual-fuel car swap scheme expands + Investment Act amendments enter the House\" \/>\n<meta property=\"og:description\" content=\"Gov\u2019t dual-fuel car swap scheme rolled out to another five governorates: People in Ismailia, Sharqiya, Beheira, Beni Suef and Sohag are now able to apply to the government scheme to swap their vehicles with a dual-fuel car, the Finance Ministry said Saturday. AND- Cabinet has sent amendments to the 2017 Investment Law to the House [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/06\/dual-fuel-car-swap-scheme-expands-investment-act-amendments-enter-the-house\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-06T04:00:29+00:00\" \/>\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\/2022\/11\/06\/dual-fuel-car-swap-scheme-expands-investment-act-amendments-enter-the-house\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/06\/dual-fuel-car-swap-scheme-expands-investment-act-amendments-enter-the-house\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Dual-fuel car swap scheme expands + Investment Act amendments enter the House\",\"datePublished\":\"2022-11-06T04:00:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/06\/dual-fuel-car-swap-scheme-expands-investment-act-amendments-enter-the-house\/\"},\"wordCount\":174,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"EnterpriseAM\",\"Investment Law\",\"Legislation Watch\",\"vaccines\",\"Vacsera\",\"World Health Organization\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/06\/dual-fuel-car-swap-scheme-expands-investment-act-amendments-enter-the-house\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/06\/dual-fuel-car-swap-scheme-expands-investment-act-amendments-enter-the-house\/\",\"name\":\"Dual-fuel car swap scheme expands + Investment Act amendments enter the House - 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Under the rules of the scheme \u2014 introduced last year to increase the number of dual-fuel vehicles on the\u2026","rel":"","context":"In &quot;Automotive&quot;","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546022,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/vehicles-in-the-natgas-replacement-scheme-could-soon-get-pricier-more-european-green-funds-to-banks-for-sme-lending\/","url_meta":{"origin":577001,"position":1},"title":"Vehicles in the natgas replacement scheme could soon get pricier + more European green funds to banks for SME lending?","author":"enterpriseam admin","date":"20 April 2022","format":false,"excerpt":"\u201cMost\u201d of the companies participating in the state\u2019s natgas vehicle swap scheme have submitted requests to raise their prices, Shorouk News reports, citing the initiative\u2019s spokesman Tarek Awad. Under the rules of the scheme to switch passenger cars to run on natgas, companies can request to raise their prices by\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":581614,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/16\/pm-madbouly-meets-turkish-companies-to-drum-up-investment\/","url_meta":{"origin":577001,"position":2},"title":"PM Madbouly meets Turkish companies to drum up investment","author":"enterpriseam admin","date":"16 February 2023","format":false,"excerpt":"INVESTMENT-Mending ties with Turkey through FDI: Representatives of a number of Turkish companies met with Prime Minister Moustafa Madbouly yesterday, where they discussed plans to invest a combined USD 500 mn to expand their activities here, according to a cabinet statement. The meeting with Turkish investors was \u201cthe first of\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\/2021\/9\/money-1600-1.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561076,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/24\/keep-an-eye-out-for-the-first-batch-of-new-natgas-vehicles\/","url_meta":{"origin":577001,"position":3},"title":"Keep an eye out for the first batch of new natgas vehicles","author":"enterpriseam admin","date":"24 March 2021","format":false,"excerpt":"The first batch of dual-fuel vehicles under the state\u2019s scheme to swap out old, gasoline-fueled cars will hit the road within a month, the initiative\u2019s spokesperson Ahmed Abdel Razek told Enterprise. The number of cars to be delivered in the first batch will depend on the availability of the models\u2026","rel":"","context":"In &quot;Automotive&quot;","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/296.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577070,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/arabian-cement-to-expand-suez-factory-solar-plant\/","url_meta":{"origin":577001,"position":4},"title":"Arabian Cement to expand Suez factory solar plant","author":"enterpriseam admin","date":"8 November 2022","format":false,"excerpt":"Arabian Cement signs new PPA for solar plant: Arabian Cement signed a purchase power agreement with Amarenco SolarizEgypt for the 13.2 MW second phase of its solar plant at the its Suez facility, it said in a statement (pdf) Sunday. The second phase of the project will bring the solar\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":585274,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/13\/house-gives-preliminary-nod-to-nationality-law-changes\/","url_meta":{"origin":577001,"position":5},"title":"House gives preliminary nod to nationality law changes","author":"enterpriseam admin","date":"13 April 2023","format":false,"excerpt":"The amendments would make it easier for foreigners to become citizens","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\/4\/579.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577001","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=577001"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577001\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/576980"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=577001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=577001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=577001"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=577001"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=577001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}