{"id":599791,"date":"2019-01-10T04:43:51","date_gmt":"2019-01-10T04:43:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/cabinet-approves-proposed-amendments-to-egypts-competition-act\/"},"modified":"2019-01-10T04:43:51","modified_gmt":"2019-01-10T04:43:51","slug":"cabinet-approves-proposed-amendments-to-egypts-competition-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/cabinet-approves-proposed-amendments-to-egypts-competition-act\/","title":{"rendered":"Cabinet approves proposed amendments to Egypt\u2019s Competition Act"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <b>CABINET WATCH- The Madbouly Cabinet approved yesterday proposed amendments to the Competition Act<\/b> <b>(or Antitrust Act) <\/b>that are meant to increase regulation against monopolistic practices and help protect competition in Egypt, <u><a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/cabinet-meeting-26.aspx\">according to a statement<\/a><\/u>. The amendments would ban collusion in any form between competitors in any industry \u2014 including coordinating on whether or not to enter auctions and tenders, or production strategies \u2014 if said collusion is meant to effect a change in market prices and stability. The amendments would also grant the Egyptian Competition Authority (ECA) with the jurisdiction to investigate and gather evidence on suspected incidents of anti-competitive practices.<\/p>\n<p><b>Did the ECA just get its New Year\u2019s wish?<\/b> While the details are lacking, this is looking like the key piece of legislation the ECA has been looking to push through to get sweeping new powers. The ECA had been attempting to have sign off powers on M&As worth more than EGP 100 mn. Recently, the ECA has been on a campaign against high profile cases it deemed to violate the Competition Act. These include issuing warnings to Uber and Careem over talks of a merger, and slapping Apple with a warning over the distribution of its products in Egypt.<\/p>\n<p>The Council of Ministers also signed off yesterday on:<\/p>\n<ul>\n<li><b>Amendments to the country\u2019s penal code<\/b> imposing fines and prison time on civil servants found guilty of transgressing on land or buildings;<\/li>\n<li><b>A EUR 350 mn loan agreement<\/b> from the European Investment Bank to finance the development of Cairo Metro Line 1; <\/li>\n<li><b>A loan agreement with Italy<\/b> to support Egypt\u2019s private sector growth;<\/li>\n<li>A bundle of <b>decisions from the Cabinet\u2019s investment dispute resolution committee<\/b>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CABINET WATCH- The Madbouly Cabinet approved yesterday proposed amendments to the Competition Act (or Antitrust Act) that are meant to increase regulation against monopolistic practices and help protect competition in Egypt, according to a statement. The amendments would ban collusion in any form between competitors in any industry \u2014 including coordinating on whether or not [&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":[7400,7106,549,72,180,1350,3085,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599791","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-competition-act","tag-debt","tag-egyptian-competition-authority","tag-enterpriseam","tag-legislation","tag-madbouly-cabinet","tag-penal-code","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"64f9cb39-cd6e-4199-86a2-fa130b397c0d","is_powered_by":true,"section_story_id":"3e46cea6-b44e-4707-bccd-253f2474e331","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599776],"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 proposed amendments to Egypt\u2019s Competition 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\/01\/10\/cabinet-approves-proposed-amendments-to-egypts-competition-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet approves proposed amendments to Egypt\u2019s Competition Act\" \/>\n<meta property=\"og:description\" content=\"CABINET WATCH- The Madbouly Cabinet approved yesterday proposed amendments to the Competition Act (or Antitrust Act) that are meant to increase regulation against monopolistic practices and help protect competition in Egypt, according to a statement. The amendments would ban collusion in any form between competitors in any industry \u2014 including coordinating on whether or not [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/cabinet-approves-proposed-amendments-to-egypts-competition-act\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-10T04:43:51+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\/01\/10\/cabinet-approves-proposed-amendments-to-egypts-competition-act\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/cabinet-approves-proposed-amendments-to-egypts-competition-act\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cabinet approves proposed amendments to Egypt\u2019s Competition Act\",\"datePublished\":\"2019-01-10T04:43:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/cabinet-approves-proposed-amendments-to-egypts-competition-act\/\"},\"wordCount\":284,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Competition Act\",\"debt\",\"Egyptian Competition Authority\",\"EnterpriseAM\",\"legislation\",\"Madbouly Cabinet\",\"penal code\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/cabinet-approves-proposed-amendments-to-egypts-competition-act\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/cabinet-approves-proposed-amendments-to-egypts-competition-act\/\",\"name\":\"Cabinet approves proposed amendments to Egypt\u2019s Competition Act - 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Differences over proposed amendments to the Competition Act between our financial regulators have reached a stalemate, Ahmed Samir, head of the House Economic Affairs Committee, told reporters last week. The impasse means that the House has not\u2026","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\/2022\/7\/91.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547708,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/04\/theres-still-hope-that-changes-to-competition-rules-could-pass-the-house-this-month\/","url_meta":{"origin":599791,"position":1},"title":"There\u2019s still hope that changes to competition rules could pass the House this month","author":"enterpriseam admin","date":"4 July 2022","format":false,"excerpt":"Talks over amendments to the Competition Act aren\u2019t dead yet: The House Economic Affairs Committee continued to debate the contentious amendments to the Competition Act yesterday in hopes that an agreement could be found before MPs break for summer recess, committee head Ahmed Samir told reporters yesterday. \"The committee is\u2026","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\/2022\/7\/108.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569112,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/13\/the-egyptian-competition-authoritys-bid-to-block-cleopatra-alameda-merger-highlights-its-lack-of-effective-oversight-powers-eces\/","url_meta":{"origin":599791,"position":2},"title":"The Egyptian Competition Authority\u2019s bid to block Cleopatra-Alameda merger highlights its lack of effective oversight powers -ECES","author":"enterpriseam admin","date":"13 February 2020","format":false,"excerpt":"M&A WATCH- Competition watchdog\u2019s bid to block Cleopatra-Alameda merger highlights its lack of effective oversight powers: The Egyptian Competition Authority (ECA) lacks the legal tools it would need to effectively act as an anti-monopoly and fair competition regulator, the Egyptian Center for Economic Studies (ECES) said. This gap in the\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":547377,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/20\/house-discusses-amendments-to-competition-act\/","url_meta":{"origin":599791,"position":3},"title":"House discusses amendments to Competition Act","author":"enterpriseam admin","date":"20 June 2022","format":false,"excerpt":"House gets down to business on Competition Act amendments: The House\u2019s Economic Affairs Committee yesterday discussed giving greater powers to the Egyptian Competition Authority (ECA) underproposed amendments to the Competition Act. The amendments, which have been up in the air since last year, will regulate mergers and acquisitions and place\u2026","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\/2020\/11\/HouseofReps-1600px-fx-e1606665898323.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577849,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/07\/competition-act-amendments-pass-the-house\/","url_meta":{"origin":599791,"position":4},"title":"Competition Act amendments pass the House","author":"enterpriseam admin","date":"7 December 2022","format":false,"excerpt":"MPs give their final approval to Competition Act amendments: The House of Representatives yesterday voted to pass amendments to the 2005 Competition Act following two days of debate. The amendments \u2014 which got initial signoff from the chamber on Monday \u2014 grant the Egyptian Competition Authority (ECA) the power to\u2026","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\/2022\/12\/125.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576524,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/29\/competition-watchdog-could-be-getting-sharper-teeth\/","url_meta":{"origin":599791,"position":5},"title":"Competition watchdog could be getting sharper teeth","author":"enterpriseam admin","date":"29 November 2020","format":false,"excerpt":"A handful of legislative changes on antitrust, civil society, and investment received nods from the Madbouly cabinet during the weekly meeting last Wednesday:Changes to the Antitrust Act would require companies to seek the Egyptian Competition Authority\u2019s (ECA) approval before finalizing mergers and acquisitions that could have an impact on competitiveness\u2026","rel":"","context":"In &quot;Cabinet watch&quot;","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/293.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\/599791","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=599791"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599791\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/599776"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=599791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=599791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=599791"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=599791"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=599791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}