{"id":594371,"date":"2019-10-28T04:07:21","date_gmt":"2019-10-28T04:07:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/egypt-in-the-news-on-28-october-2019\/"},"modified":"2019-10-28T04:07:21","modified_gmt":"2019-10-28T04:07:21","slug":"egypt-in-the-news-on-28-october-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/egypt-in-the-news-on-28-october-2019\/","title":{"rendered":"Egypt in the News on 28 October 2019"},"content":{"rendered":"

It\u2019s a wasteland in the international press this morning:<\/b> Business leaders in the mining sector aren\u2019t too thrilled with the royalties in the newly-passed Mineral Resources Act<\/a>, telling Al Monitor<\/a> that continuing the system will not develop the country\u2019s mineral resources. Hamdy Zaher, former chairman of the Export Council for Mining Materials and Industries, said that a royalties system \u201cwill change nothing,\u201d and blamed the underdevelopment of the sector on the government\u2019s failure to create a comprehensive management strategy. Yousef Rajhi, CEO of Pharos Gold Mines, said that the government should introduce a more competitive tax system and change the law to address different minerals separately.<\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s a wasteland in the international press this morning: Business leaders in the mining sector aren\u2019t too thrilled with the royalties in the newly-passed Mineral Resources Act, telling Al Monitor that continuing the system will not develop the country\u2019s mineral resources. Hamdy Zaher, former chairman of the Export Council for Mining Materials and Industries, said […]<\/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":[7233],"tags":[2386,72,125,3688,373],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594371","post","type-post","status-publish","format-standard","hentry","category-egypt-in-the-news","tag-egypt-in-the-news","tag-enterpriseam","tag-investment-watch","tag-mineral-resources-act","tag-mining","wpautop","entry"],"acf":{"mongo_id":"19fb8814-ca3a-4acb-a804-980c7e42bd8b","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[594352],"teaser":"","voice_url":""},"yoast_head":"\nEgypt in the News on 28 October 2019 - 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\/2019\/10\/28\/egypt-in-the-news-on-28-october-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt in the News on 28 October 2019\" \/>\n<meta property=\"og:description\" content=\"It\u2019s a wasteland in the international press this morning: Business leaders in the mining sector aren\u2019t too thrilled with the royalties in the newly-passed Mineral Resources Act, telling Al Monitor that continuing the system will not develop the country\u2019s mineral resources. Hamdy Zaher, former chairman of the Export Council for Mining Materials and Industries, said […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/egypt-in-the-news-on-28-october-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-28T04:07:21+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\/2019\/10\/28\/egypt-in-the-news-on-28-october-2019\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/egypt-in-the-news-on-28-october-2019\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt in the News on 28 October 2019\",\"datePublished\":\"2019-10-28T04:07:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/egypt-in-the-news-on-28-october-2019\/\"},\"wordCount\":116,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Egypt in the News\",\"EnterpriseAM\",\"investment watch\",\"Mineral Resources Act\",\"mining\"],\"articleSection\":[\"EGYPT IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/egypt-in-the-news-on-28-october-2019\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/egypt-in-the-news-on-28-october-2019\/\",\"name\":\"Egypt in the News on 28 October 2019 - 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The cabinet should\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":[]},{"id":591703,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/15\/mineral-resources-act-exec-regs-should-come-out-this-month\/","url_meta":{"origin":594371,"position":1},"title":"Mineral Resources Act exec regs should come out this month","author":"enterpriseam admin","date":"15 December 2019","format":false,"excerpt":"REGULATION WATCH- Mineral Resources Act exec regs should come out this month: The executive regulations of the Mineral Resources Act should be making their way to cabinet for approval before the end of this month, an unnamed source from the Egyptian Mineral Resources General Authority tells Al Shorouk. 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Aton believes the effect that these changes will have on investment\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":[]},{"id":598961,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/fei-approves-of-mineral-resources-act-amendments\/","url_meta":{"origin":594371,"position":4},"title":"FEI approves of Mineral Resources Act amendments","author":"enterpriseam admin","date":"13 June 2019","format":false,"excerpt":"FEI says it likes proposed amendments to the Mineral Resources Act \u2014 with one caveat: The mines and quarries division of the Federation of Egyptian Industries (FEI) has voiced approval for the main provisions of the Mineral Resources Act amendments, local press reported. The business association appears satisfied with the\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":[]},{"id":596822,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/09\/egypt-targets-usd-700-mn-of-new-investments-in-mining-sector-by-2030\/","url_meta":{"origin":594371,"position":5},"title":"Egypt targets USD 700 mn of new investments in mining sector by 2030","author":"enterpriseam admin","date":"9 July 2019","format":false,"excerpt":"The government wants to reel in USD 700 mn of new investments into the mining sector by 2030 and increase the sector\u2019s contribution to GDP to USD 7 bn, the Oil Ministry said in a statement (pdf). The sector contributes 0.5% of GDP currently, the ministry said. 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