{"id":622503,"date":"2018-10-03T04:33:11","date_gmt":"2018-10-03T04:33:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/cabinet-signs-off-on-e-payments-act\/"},"modified":"2018-10-03T04:33:11","modified_gmt":"2018-10-03T04:33:11","slug":"cabinet-signs-off-on-e-payments-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/cabinet-signs-off-on-e-payments-act\/","title":{"rendered":"Cabinet signs off on E-payments Act"},"content":{"rendered":"<p><strong>CABINET WATCH- Cabinet signs off on E-payments Act: <\/strong>The Madbouly Cabinet signed off yesterday on the final draft of the E-payments Act, which is meant to guide Egypt\u2019s transition to a cashless, paperless economy, <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/photos\/a.825570437621323\/1101956813316016\/?type=3&__xts__%5B0%5D=68.ARCiQFYSes5S7ySsmdlaZka1HjCg8vnLfGWB3BHJsYhhMq7yKa-ZPPyaqsuJSZD2RDkl_ujeerniTyEhD8aiwiPiCXKKxb6EbXVFs5HVxShNY5VY9MDVXllBPgLTSZkAr4LDKpZP0557t2A_cL4mV5s3CDjOJEEgigJkcM1oQWuxkffP9YFR2Q&__tn__=-R\">according to an official statement<\/a>. The bill \u2014 which the House of Representatives should receive during the current legislative term \u2014 is expected to serve as a prerequisite for enacting the Finance Ministry\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/18\/finmin-to-issue-global-tender-for-company-to-implement-new-electronic-billing-system-once-e-payments-act-is-passed\/\">new billing and payments system<\/a> that will see it roll out ATMs and point-of-sale (PoS) terminals at which people will be able to pay fees for various government services, as well as introduce a new national debit card. The <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/09\/cbe-completes-draft-of-new-e-payments-act\/\">CBE-drafted act<\/a> will also grant incentives to anyone paying government service fees electronically, including discounts and possibly rebates, <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/13\/e-payments-act-to-grant-incentives-to-those-looking-to-pay-for-govt-services-electronically\/\">officials previously said<\/a>.<\/p>\n<p><strong>The cabinet also approved amendments to laws regulating property registration,<\/strong> which make it mandatory for authorities to notify applicants within 30 days of application if their requests have been rejected. The amendments also update the framework for appeal proceedings.<\/p>\n<p>Other items on the cabinet\u2019s agenda yesterday included:<\/p>\n<ul>\n<li>Approving a <strong>USD 673.2 mn framework agreement between the National Authority for Tunnels and the Export Import Bank of China <\/strong>for the electric railway project that will connect Cairo the new capital; as well as another c. USD 50 mn agreement with the Chinese government for the same project;<\/li>\n<li>Approving a <strong>USD 1.2 bn agreement with the UN <\/strong>on sustainable development between 2018-2022, which covers economic development, social justice, female empowerment, and sustainable resource management;<\/li>\n<li>Signing off on <strong>amendments to aid agreements with the US<\/strong> that increase allocations for a judicial support package to USD 124.3 mn from USD 119.7 mn, and a healthcare support package to USD 11.36 mn from USD 6 mn;<\/li>\n<li>Approving<strong> loan agreements with the Arab Fund for Economic & Social Development worth KWD 70 mn and KWD 40 mn<\/strong> for the development of sewage treatment systems and upgrading the power transmission grid;<\/li>\n<li>A green light for a <strong>new JV between the Alexandria Port Authority and Suez Canal Authority <\/strong>to build and operate a new <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/26\/alex-port-to-issue-within-days-tenders-for-consultancy-development-and-management-of-usd-450-mn-multipurpose-platform\/\">multipurpose platform<\/a> at the Alex Port;<\/li>\n<li>Approving the <strong>establishment of a land port in the border city of Salloum<\/strong> to facilitate the exchange of goods across the Libyan border.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CABINET WATCH- Cabinet signs off on E-payments Act: The Madbouly Cabinet signed off yesterday on the final draft of the E-payments Act, which is meant to guide Egypt\u2019s transition to a cashless, paperless economy, according to an official statement. The bill \u2014 which the House of Representatives should receive during the current legislative term \u2014 [&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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622503","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d0fea72e-91dd-4291-8f87-3feecb39bac8","order":"0","is_powered_by":true,"section_story_id":"8432c123-0b96-4a14-9ae4-f7467539754b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622490],"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 signs off on E-payments 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\/2018\/10\/03\/cabinet-signs-off-on-e-payments-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet signs off on E-payments Act\" \/>\n<meta property=\"og:description\" content=\"CABINET WATCH- Cabinet signs off on E-payments Act: The Madbouly Cabinet signed off yesterday on the final draft of the E-payments Act, which is meant to guide Egypt\u2019s transition to a cashless, paperless economy, according to an official statement. The bill \u2014 which the House of Representatives should receive during the current legislative term \u2014 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/cabinet-signs-off-on-e-payments-act\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-03T04:33:11+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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/cabinet-signs-off-on-e-payments-act\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/cabinet-signs-off-on-e-payments-act\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cabinet signs off on E-payments Act\",\"datePublished\":\"2018-10-03T04:33:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/cabinet-signs-off-on-e-payments-act\/\"},\"wordCount\":368,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/cabinet-signs-off-on-e-payments-act\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/cabinet-signs-off-on-e-payments-act\/\",\"name\":\"Cabinet signs off on E-payments Act - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-10-03T04:33:11+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/cabinet-signs-off-on-e-payments-act\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/cabinet-signs-off-on-e-payments-act\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/cabinet-signs-off-on-e-payments-act\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cabinet signs off on E-payments Act\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Cabinet signs off on E-payments Act - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/03\/cabinet-signs-off-on-e-payments-act\/","og_locale":"en_US","og_type":"article","og_title":"Cabinet signs off on E-payments Act","og_description":"CABINET WATCH- Cabinet signs off on E-payments Act: The Madbouly Cabinet signed off yesterday on the final draft of the E-payments Act, which is meant to guide Egypt\u2019s transition to a cashless, paperless economy, according to an official statement. 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The House general assembly is kick the tires of the final bill \u2014 which seeks to guide\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\/2020\/1\/662.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622225,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/29\/cabinet-signs-off-on-making-all-govt-transactions-in-egypt-electronic-next-year\/","url_meta":{"origin":622503,"position":1},"title":"Cabinet signs off on making all gov\u2019t transactions in Egypt electronic next year","author":"enterpriseam admin","date":"29 November 2018","format":false,"excerpt":"CABINET WATCH- Gov\u2019t transactions to be electronic by 1 January, 2019: The Madbouly Cabinet approved yesterday a Finance Ministry decision that makes it mandatory for all government transactions to be electronic, regardless of their size or value, by 1 January 2019, according to an official statement. The House of Representatives\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":624423,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/09\/cbe-completes-draft-of-new-e-payments-act\/","url_meta":{"origin":622503,"position":2},"title":"CBE completes draft of new e-payments act","author":"enterpriseam admin","date":"9 September 2018","format":false,"excerpt":"LEGISLATION WATCH- CBE completes draft of new e-payments act: The CBE has completed a draft of a new e-payments act and presented it at a meeting of the National Payments Council on Saturday, according to a statement from Ittihadiya. No details were provided on the specifics of the bill. 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":604368,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/02\/e-payments-act-with-egypts-council-of-state-for-review\/","url_meta":{"origin":622503,"position":3},"title":"E-Payments Act with Egypt\u2019s Council of State for review","author":"enterpriseam admin","date":"2 December 2018","format":false,"excerpt":"LEGISLATION WATCH- E-Payments Act with Council of State for review: The final draft of the E-Payments Act, which is meant to guide Egypt\u2019s transition to a cashless, paperless economy, has been referred to the Council of State (Maglis El Dawla) for review, CBE Sub-Governor for Payment Systems and Business 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":628272,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/contractors-compensation-act-high-on-madbouly-cabinet-agenda\/","url_meta":{"origin":622503,"position":4},"title":"Contractors Compensation Act high on Madbouly Cabinet agenda","author":"enterpriseam admin","date":"28 June 2018","format":false,"excerpt":"CABINET WATCH- Contractors Compensation Act high on Madbouly Cabinet agenda: The focus of the Madbouly Cabinet\u2019s weekly meeting yesterday appears to have been paying out compensation to government contractors under the Contractors Compensation Act, according to a cabinet statement. Ministers reviewed a report, which showed that EGP 2.7 bn were\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":625361,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/02\/cabinet-signs-off-on-egp-2-5-bn-strategy-to-develop-egypts-education-infrastructure\/","url_meta":{"origin":622503,"position":5},"title":"Cabinet signs off on EGP 2.5 bn strategy to develop Egypt\u2019s education infrastructure","author":"enterpriseam admin","date":"2 August 2018","format":false,"excerpt":"CABINET WATCH- The Madbouly Cabinet signed off yesterday on a EGP 2.5 bn plan to develop the country\u2019s education infrastructure, according to a statement. 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