{"id":596969,"date":"2019-07-14T04:15:39","date_gmt":"2019-07-14T04:15:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/madbouly-cabinet-approves-traffic-act\/"},"modified":"2019-07-14T04:15:39","modified_gmt":"2019-07-14T04:15:39","slug":"madbouly-cabinet-approves-traffic-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/madbouly-cabinet-approves-traffic-act\/","title":{"rendered":"Madbouly Cabinet approves Traffic act"},"content":{"rendered":"<p><b>CABINET WATCH- Madbouly Cabinet approves Traffic Act: <\/b>The Madbouly Cabinet signed off on amendments to the Traffic Act that would simplify ownership transfer procedures for car purchases, the cabinet <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/Meeting-of-the-Council-of-Ministers-No.-(48).aspx\">said in a statement<\/a> following its Wednesday meeting. The amendments reduce the number of authorizations required from the seller to complete the transfer to one, and mandating that ownership be handed over to the buyer three months from when the authorization was issued. They also gives car owners a one-time pass to renew their licenses at their car distributor. Other decisions taken at the meeting include:<\/p>\n<ul>\n<li>Approved amendments to the executive regulations of the <b>Intellectual Property Act<\/b> mandating that Egypt\u2019s patent office inform all relevant parties of its decisions electronically;<\/li>\n<li>Approved a series of decisions <b>impacting port fees and services<\/b> as incentives to shipping companies, though the cabinet did not provide details on the decisions. The decision comes in tandem with <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/11\/egypt-offers-discounts-up-to-45-on-vessels-passing-through-suez-canal\/\">a Transport Ministry decision<\/a> to offer discounts up to 45% on vessels passing through the Suez Canal.<\/li>\n<li>Approved raising <b>a grant from the Japanese government<\/b> to fund Cairo University Children\u2019s Hospital to USD 18.3 mn from USD 14.4 mn. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CABINET WATCH- Madbouly Cabinet approves Traffic Act: The Madbouly Cabinet signed off on amendments to the Traffic Act that would simplify ownership transfer procedures for car purchases, the cabinet said in a statement following its Wednesday meeting. The amendments reduce the number of authorizations required from the seller to complete the transfer to one, and [&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":[8572],"tags":[282,72,180,8757,2380,3502],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596969","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cabinet-watch","tag-enterpriseam","tag-legislation","tag-ports","tag-speed-round","tag-traffic-act","wpautop","entry"],"acf":{"mongo_id":"7469095b-6725-4dd4-8fde-5848007b36f1","is_powered_by":true,"section_story_id":"7c9d550d-f2b3-4ae8-b405-9c2cec1f0f73","story_type":"1","photo_url":"","photo_position":"above","related_issue":[596948],"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>Madbouly Cabinet approves Traffic 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\/2019\/07\/14\/madbouly-cabinet-approves-traffic-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Madbouly Cabinet approves Traffic act\" \/>\n<meta property=\"og:description\" content=\"CABINET WATCH- Madbouly Cabinet approves Traffic Act: The Madbouly Cabinet signed off on amendments to the Traffic Act that would simplify ownership transfer procedures for car purchases, the cabinet said in a statement following its Wednesday meeting. The amendments reduce the number of authorizations required from the seller to complete the transfer to one, and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/madbouly-cabinet-approves-traffic-act\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-14T04:15:39+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\/07\/14\/madbouly-cabinet-approves-traffic-act\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/madbouly-cabinet-approves-traffic-act\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Madbouly Cabinet approves Traffic act\",\"datePublished\":\"2019-07-14T04:15:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/madbouly-cabinet-approves-traffic-act\/\"},\"wordCount\":193,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"cabinet watch\",\"EnterpriseAM\",\"legislation\",\"ports\",\"SPEED ROUND\",\"Traffic Act\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/madbouly-cabinet-approves-traffic-act\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/madbouly-cabinet-approves-traffic-act\/\",\"name\":\"Madbouly Cabinet approves Traffic act - 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