{"id":604622,"date":"2018-12-09T04:30:00","date_gmt":"2018-12-09T04:30:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/cabinet-likes-amended-customs-act-egypt-to-receive-eur-148-mn-from-ebrd\/"},"modified":"2018-12-09T04:30:00","modified_gmt":"2018-12-09T04:30:00","slug":"cabinet-likes-amended-customs-act-egypt-to-receive-eur-148-mn-from-ebrd","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/cabinet-likes-amended-customs-act-egypt-to-receive-eur-148-mn-from-ebrd\/","title":{"rendered":"Cabinet likes amended Customs Act, Egypt to receive EUR 148 mn from EBRD"},"content":{"rendered":"<p><b>CABINET WATCH- Cabinet gives preliminary nod to Customs Act amendments: <\/b>The Madbouly Cabinet has approved \u201cin principle\u201d amendments to the <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/10\/finmin-releases-final-draft-of-the-customs-act\/\">Customs Act<\/a>, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/the-Council-of-Ministers-meeting-No.-(21.aspx\">according to a statement<\/a>. The amendments should create an expedited track for customs clearance, a \u2018whitelist\u2019 of trusted importers, and broaden the Customs Authority\u2019s discretion. The government <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/12\/egypt-cabinet-to-introduce-new-customs-act\/\">is expected<\/a> to introduce the proposed changes to the House of Representatives \u201csoon.\u201d<\/p>\n<p><b>Other decisions made at the cabinet table <\/b>during the Council of Ministers\u2019 meeting last week:<\/p>\n<ul>\n<li>Signing off on an EUR 148 mn facility for the Kitchener Drain depollution project from the EBRD (we have more above);<\/li>\n<li>Accepting a EUR 4.01 mn grant to support entrepreneurs in the agriculture, \u2018clean\u2019 and renewable energy, and arts and handicrafts industries;<\/li>\n<li>A USD 600k grant from the <a href=\"http:\/\/www.koafec-conference.org\/conference\/about.html\">Korea-Africa Economic Cooperation<\/a> development fund for a wastewater treatment plant in Abu Rawash;<\/li>\n<li>The <a href=\"https:\/\/webapps.ifad.org\/members\/eb\/122\/docs\/EB-2017-122-R-23-Project-Design-Report.pdf\">Promoting Resilience in Desert Environments (PRIDE)<\/a> project to improve the productivity of desert land reclaimed in rural areas around Marsa Matrouh.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CABINET WATCH- Cabinet gives preliminary nod to Customs Act amendments: The Madbouly Cabinet has approved \u201cin principle\u201d amendments to the Customs Act, according to a statement. The amendments should create an expedited track for customs clearance, a \u2018whitelist\u2019 of trusted importers, and broaden the Customs Authority\u2019s discretion. The government is expected to introduce the proposed [&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":[7097,72,7087,7111,180,1350,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604622","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-development","tag-enterpriseam","tag-finance","tag-infrastructure","tag-legislation","tag-madbouly-cabinet","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"0c37ba4d-eb2f-40e8-8075-8983c85ae017","order":"0","is_powered_by":true,"section_story_id":"ab0b5636-53d8-4206-86ba-aa1f71291352","story_type":"1","photo_url":"","photo_position":"above","related_issue":[604602],"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 likes amended Customs Act, Egypt to receive EUR 148 mn from EBRD - 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\/2018\/12\/09\/cabinet-likes-amended-customs-act-egypt-to-receive-eur-148-mn-from-ebrd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet likes amended Customs Act, Egypt to receive EUR 148 mn from EBRD\" \/>\n<meta property=\"og:description\" content=\"CABINET WATCH- Cabinet gives preliminary nod to Customs Act amendments: The Madbouly Cabinet has approved \u201cin principle\u201d amendments to the Customs Act, according to a statement. The amendments should create an expedited track for customs clearance, a \u2018whitelist\u2019 of trusted importers, and broaden the Customs Authority\u2019s discretion. The government is expected to introduce the proposed [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/cabinet-likes-amended-customs-act-egypt-to-receive-eur-148-mn-from-ebrd\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-09T04:30:00+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\/2018\/12\/09\/cabinet-likes-amended-customs-act-egypt-to-receive-eur-148-mn-from-ebrd\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/cabinet-likes-amended-customs-act-egypt-to-receive-eur-148-mn-from-ebrd\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cabinet likes amended Customs Act, Egypt to receive EUR 148 mn from EBRD\",\"datePublished\":\"2018-12-09T04:30:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/cabinet-likes-amended-customs-act-egypt-to-receive-eur-148-mn-from-ebrd\/\"},\"wordCount\":171,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"development\",\"EnterpriseAM\",\"Finance\",\"infrastructure\",\"legislation\",\"Madbouly Cabinet\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/cabinet-likes-amended-customs-act-egypt-to-receive-eur-148-mn-from-ebrd\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/cabinet-likes-amended-customs-act-egypt-to-receive-eur-148-mn-from-ebrd\/\",\"name\":\"Cabinet likes amended Customs Act, Egypt to receive EUR 148 mn from EBRD - 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The amendments, which we took note of in June, will promote two-stage tenders to give the government more\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":605135,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/cabinet-to-sign-off-on-customs-act-amendments-this-week\/","url_meta":{"origin":604622,"position":1},"title":"Cabinet to sign off on Customs Act amendments this week?","author":"enterpriseam admin","date":"23 December 2018","format":false,"excerpt":"LEGISLATION WATCH- Cabinet to sign off on Customs Act amendments this week? The proposed amendments to the Customs Act are apparently alive and well, and will be approved by the Madbouly Cabinet this Wednesday, Finance Minister Mohamed Maait said, according to Amwal Al Ghad. Cabinet had approved \u201cin principle\u201d 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":632576,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/14\/amendments-to-the-customs-act-will-expand-exemptions-for-production-inputs\/","url_meta":{"origin":604622,"position":2},"title":"Amendments to the Customs Act will expand exemptions for production inputs","author":"enterpriseam admin","date":"14 February 2018","format":false,"excerpt":"LEGISLATION WATCH- Amendments to the Customs Act will expand exemptions for production inputs. The Finance Ministry announced changes to the Customs Act designed to expand exemptions and tighten loopholes for tax dodgers. The amendments will expand temporary exemptions for productions inputs throughout the value chain and, for the first time,\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":600097,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/federation-of-egyptian-industries-reviewing-final-draft-of-customs-act\/","url_meta":{"origin":604622,"position":3},"title":"Federation of Egyptian Industries reviewing final draft of Customs Act","author":"enterpriseam admin","date":"20 January 2019","format":false,"excerpt":"LEGISLATION WATCH- Final draft of amended Customs Act now with industry group for review: The Federation of Egyptian Industries (FEI) is reviewing the final version of proposed amendments to the Customs Act, Mohamed El-Bahy, head of the federation\u2019s taxes and customs committee, told Youm7. The FEI\u2019s feedback goes to 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":632351,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/cabinet-gives-preliminary-nod-to-pharma-regulator-act-approved-amended-customs-act\/","url_meta":{"origin":604622,"position":4},"title":"Cabinet gives preliminary nod to Pharma Regulator Act, approved amended Customs Act","author":"enterpriseam admin","date":"8 February 2018","format":false,"excerpt":"The Ismail Cabinet granted preliminary approval yesterday to the Pharma Regulator Act, according to an official statement. The legislation would establish three separate bodies to regulate the pharma sector: The Supreme Council for Medicine and Medical Technology to set and implement overarching policies for the sector; the Egyptian Medical Technology\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":629966,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/council-of-state-completes-review-of-customs-act\/","url_meta":{"origin":604622,"position":5},"title":"Council of State completes review of Customs Act","author":"enterpriseam admin","date":"5 April 2018","format":false,"excerpt":"LEGISLATION WATCH- The State Council (Maglis El Dawla) has completed its review of proposed amendments to the Customs Act and shipped it back to the Ismail Cabinet on Monday, according to judiciary sources. The draft law, which had received the Ismail Cabinet\u2019s sign off in February, is expected to slash\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604622","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=604622"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604622\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/604602"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=604622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=604622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=604622"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=604622"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=604622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}