{"id":577447,"date":"2022-11-23T04:00:47","date_gmt":"2022-11-23T04:00:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/23\/mps-approve-bills-on-telecoms-real-estate-contractors\/"},"modified":"2022-11-23T04:00:47","modified_gmt":"2022-11-23T04:00:47","slug":"mps-approve-bills-on-telecoms-real-estate-contractors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/23\/mps-approve-bills-on-telecoms-real-estate-contractors\/","title":{"rendered":"MPs approve bills on telecoms, real estate, contractors"},"content":{"rendered":"

<\/a> Four bills get final nod in the House of Representatives:<\/strong> MPs yesterday gave final approval to a number of legislative amendments focused on regulating<\/a>telecommunications<\/a>, compensating contractors<\/a> for losses on state contracts, and property registration<\/a> in new cities. The final sign offs were the last before the House adjourned, with the lower house set to reconvene again on Sunday, 4 December.<\/p>\n

#1- Tighter controls over telecom equipment:<\/strong> Amendments<\/a> to the 2003 Telecommunications Act will ban the possession, use, manufacture of any telecom equipment without prior approval from the National Telecom Regulatory Authority (NTRA). Under the changes, those who import, manufacture, assemble and market the equipment without a license from the NTRA would be at risk of jail terms ranging from one to five years and a fine of EGP 2 mn to EGP 5 mn. The legislation does not specify which technologies will be subject to the legislation<\/strong>, prompting controversy among some representatives who raised concerns<\/a> that users of personal equipment could be prosecuted under the legislation.<\/p>\n

#2- Bailing out contractors:<\/strong> The amendments<\/a> will allow builders who have suffered losses on state projects due to recent economic reforms to receive compensation from the government. The 2017 law\u2060 \u2060\u2014 which was originally drafted for economic reforms undertaken between March and December 2016 \u2014 will be extended to cover all periods of reform. This means that contractors who have suffered losses because of this year\u2019s currency devaluations and the phasing out of fuel subsidies may be eligible for compensation.<\/p>\n

#3- Simpler property registration in new cities:<\/strong> Amendments<\/a> to a 2018 law will simplify the real estate registry and notarization process in new cities. Under the changes, owners of property and plots of land in new cities won\u2019t be required to interact with the real estate registry and notarization offices and will only need to submit registration paperwork to the New Urban Communities Authority.<\/p>\n

#4- Equality for Al Azhar teachers: <\/strong>Amendments to the 1961 Al Azhar Law<\/a> that would put Al Azhar\u2019s teachers on an equal footing with their counterparts in public schools in terms of employment, promotion, salaries, bonuses and incentives were approved by MPs.<\/p>\n

#5- The House approved a USD 6 bn <\/strong>loan agreement<\/a><\/strong> with the International Islamic Trade <\/strong>Finance Corporation<\/strong> to help authorities meet the country\u2019s needs of basic food commodities and fuel productions.<\/p>\n

SIGNED INTO LAW- The River Transport Act<\/strong>, which aims to attract more investment into the country\u2019s inland waterways. The changes will open up the river transport sector to private investment and put the River Transport Authority (RTA) in charge of licensing river boats, Nile cruises and floating units. The bill was approved by MPs<\/a> last month.<\/p>\n

A NEW BILL-<\/strong> The pro-government Mostaqbal Watan party, which controls the majority of the House, submitted a new bill that would make it illegal for hospitals and medical institutions to refuse medical care to people during emergencies<\/strong> or who have life-threatening conditions. The bill, which was submitted by the chair of the House Health Committee and former health minister Ashraf Hatem along with 60 MPs, would also establish a governmental fund to compensate victims of negligence by hospitals, and provide protection to doctors and medical institutions against assault.<\/p>\n

What\u2019s next:<\/strong> House Speaker Hanafi El Gebali sent the bill to the Health Committee for discussion.<\/p>\n

FROM THE COMMITTEES-<\/strong><\/p>\n

#1- Econ committee on Egypt\u2019s wealth fund: <\/strong>The House Economic Committee discussed the role of the Sovereign Fund of Egypt (SFE) in implementing the state ownership policy document<\/a>and maximizing economic returns from the sale of public assets, committee chair Mohamed Soliman told reporters. It also reviewed the fund\u2019s role in attracting foreign investments, including those from Arab Gulf sovereign wealth funds, and implementing infrastructure projects, he said, without providing details of the discussions.<\/p>\n

Refresher:<\/strong> The state ownership policy document details the government\u2019s plan to more than double the private sector\u2019s role in the economy to 65% over the next three years, and attract USD 40 bn in investment over the next four years. Thedocument<\/a> outlines the industries which the government plans to open up to private companies and the ringfenced strategic sectors that will continue to see heavy state involvement.<\/p>\n

#2- Turning EMRA into an economic body:<\/strong> The House Industry committee approved in principle plans to restructure the Egyptian Mineral Resources Authority (EMRA) and turn it into an economic body, according to Youm7<\/a>. The bill\u2019s author, Rep. Mohamed Ismail, said it aims to resolve conflicts inherent in EMRA being supervised financially by the finance and planning ministries, while taking direction on technical matters from the Oil Ministry. Making it an \u201ceconomic body\u201d rather than a \u201cpublic service body\u201d as it is at present.<\/p>\n","protected":false},"excerpt":{"rendered":"

Four bills get final nod in the House of Representatives: MPs yesterday gave final approval to a number of legislative amendments focused on regulatingtelecommunications, compensating contractors for losses on state contracts, and property registration in new cities. The final sign offs were the last before the House adjourned, with the lower house set to reconvene […]<\/p>\n","protected":false},"author":1,"featured_media":577448,"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":[7344],"tags":[214,1386,72,274,187,83,343,2581,7197],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-watch","tag-cit","tag-construction-industry","tag-enterpriseam","tag-house-of-representatives","tag-legislation-watch","tag-real-estate","tag-regulation","tag-river-transport","tag-state-ownership-policy","wpautop","entry"],"acf":{"mongo_id":"11ce99aa-e6a8-4f73-9550-a25235da1870","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/355.jpg","photo_position":"above","related_issue":[577438],"teaser":"","voice_url":""},"yoast_head":"\nMPs approve bills on telecoms, real estate, contractors - 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\/23\/mps-approve-bills-on-telecoms-real-estate-contractors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MPs approve bills on telecoms, real estate, contractors\" \/>\n<meta property=\"og:description\" content=\"Four bills get final nod in the House of Representatives: MPs yesterday gave final approval to a number of legislative amendments focused on regulatingtelecommunications, compensating contractors for losses on state contracts, and property registration in new cities. 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Cabinet approved the amendments necessary to create the capital-raising tool in November after the Financial Regulatory\u2026","rel":"","context":"In "LEGISLATION WATCH"","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":550438,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/27\/house-signs-off-on-changes-to-agriculture-and-river-transport-acts\/","url_meta":{"origin":577447,"position":3},"title":"House signs off on changes to agriculture and river transport acts","author":"enterpriseam admin","date":"27 October 2022","format":false,"excerpt":"The House gave its final nod to bills on agricultural encroachment, river transport, unlicensed guns, and national ID cards yesterday.#1- Tougher fines for land encroachment: People caught illegally building on agricultural land will face tougher fines after MPs approved an amendment to the Agriculture Law yesterday. Under the change, violators\u2026","rel":"","context":"In "LEGISLATION WATCH"","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\/349.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590084,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/13\/heres-what-mps-got-done-this-session\/","url_meta":{"origin":577447,"position":4},"title":"Here\u2019s what MPs got done this session","author":"enterpriseam admin","date":"13 July 2023","format":false,"excerpt":"MPs passed almost 190 pieces of legislation over the past nine months","rel":"","context":"In "LEGISLATION WATCH"","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/515.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572189,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/15\/our-elected-representatives-want-there-to-be-more-mps\/","url_meta":{"origin":577447,"position":5},"title":"Our elected representatives want there to be \u2026 more MPs","author":"enterpriseam admin","date":"15 June 2020","format":false,"excerpt":"LEGISLATION WATCH- Rejoice, we\u2019re about to have even more MPs: The House of Representatives\u2019 general assembly signed off yesterday on amendments to the legislation regulating parliamentary elections that would increase the total number of parliamentary seats up for grabs to 568, from 540, according to Al Shorouk. The draft law\u2026","rel":"","context":"In "Speed Round"","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\/577447","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=577447"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577447\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/577438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/577448"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=577447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=577447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=577447"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=577447"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=577447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}