{"id":623271,"date":"2018-10-25T04:15:24","date_gmt":"2018-10-25T04:15:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/"},"modified":"2018-10-25T04:15:24","modified_gmt":"2018-10-25T04:15:24","slug":"house-reps-want-to-amend-regs-governing-sports-investments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/","title":{"rendered":"House reps. want to amend regs governing sports investments"},"content":{"rendered":"

LEGISLATION WATCH- MPs to meet with Finance Minister to discuss regulation of slush funds: <\/strong>The House of Representatives\u2019 Economics Committee is expecting to meet with Finance Minister Mohamed Maait soon to resume discussions on the regulation of ministerial \u201cprivate accounts\u201d, Rep. Medhat El Sherif said yesterday, according to local media reports<\/a>. El Sherif said that Maait promised to present the committee with a complete list of existing accounts in order for legislators to determine how best to regulate them. The House had approved legislation last July<\/a> that earmarks 5-15% of these funds for state coffers and allows the state to claim a one-time 15% cut of the annual surplus generated by them as of 30 June, 2018. Typically maintained outside the budget system and with little oversight, private accounts had gained an unsavory reputation as slush funds. MPs have been calling for years for greater oversight<\/a> of the funds. Adding fuel to the first: Reports that a private fund managed by Cairo Governorate recorded a surplus of EGP 140 mn.<\/p>\n

MPs also want to amend legislation governing sports investments: <\/strong>Members of the House\u2019s Sports Committee approached the assembly yesterday<\/a> with proposed amendments to the 2017 Sports Act<\/a>, claiming that some of its clauses discourage investors from the sector. Among those are provisions that place restrictions on the ownership structure of sporting clubs. Under the Sports Act, individuals are allowed to invest in sporting clubs only through joint stock companies.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- MPs to meet with Finance Minister to discuss regulation of slush funds: The House of Representatives\u2019 Economics Committee is expecting to meet with Finance Minister Mohamed Maait soon to resume discussions on the regulation of ministerial \u201cprivate accounts\u201d, Rep. Medhat El Sherif said yesterday, according to local media reports. El Sherif said that […]<\/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":[72,276,274,180,2380,6667],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623271","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-finance-ministry","tag-house-of-representatives","tag-legislation","tag-speed-round","tag-sports-act","wpautop","entry"],"acf":{"mongo_id":"f5a6bdf1-8f2a-4f42-891a-321b605e97b1","order":"0","is_powered_by":true,"section_story_id":"fc051e39-f732-46b9-928d-e358193de6e2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[623260],"teaser":"","voice_url":""},"yoast_head":"\nHouse reps. want to amend regs governing sports investments - 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\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House reps. want to amend regs governing sports investments\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- MPs to meet with Finance Minister to discuss regulation of slush funds: The House of Representatives\u2019 Economics Committee is expecting to meet with Finance Minister Mohamed Maait soon to resume discussions on the regulation of ministerial \u201cprivate accounts\u201d, Rep. Medhat El Sherif said yesterday, according to local media reports. El Sherif said that […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-25T04:15:24+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\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"House reps. want to amend regs governing sports investments\",\"datePublished\":\"2018-10-25T04:15:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/\"},\"wordCount\":244,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Finance Ministry\",\"House of Representatives\",\"legislation\",\"SPEED ROUND\",\"Sports Act\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/\",\"name\":\"House reps. want to amend regs governing sports investments - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-10-25T04:15:24+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"House reps. want to amend regs governing sports investments\"}]},{\"@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":"House reps. want to amend regs governing sports investments - 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\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/","og_locale":"en_US","og_type":"article","og_title":"House reps. want to amend regs governing sports investments","og_description":"LEGISLATION WATCH- MPs to meet with Finance Minister to discuss regulation of slush funds: The House of Representatives\u2019 Economics Committee is expecting to meet with Finance Minister Mohamed Maait soon to resume discussions on the regulation of ministerial \u201cprivate accounts\u201d, Rep. Medhat El Sherif said yesterday, according to local media reports. El Sherif said that […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-10-25T04:15:24+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"House reps. want to amend regs governing sports investments","datePublished":"2018-10-25T04:15:24+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/"},"wordCount":244,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","Finance Ministry","House of Representatives","legislation","SPEED ROUND","Sports Act"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/","name":"House reps. want to amend regs governing sports investments - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-10-25T04:15:24+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/house-reps-want-to-amend-regs-governing-sports-investments\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"House reps. want to amend regs governing sports investments"}]},{"@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\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":647802,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/21\/house-economics-committee-and-finance-ministry-form-joint-slush-fund-to-review-state-slush-funds\/","url_meta":{"origin":623271,"position":0},"title":"House Economics Committee and Finance Ministry form joint slush fund to review state slush funds","author":"enterpriseam admin","date":"21 May 2017","format":false,"excerpt":"Task force to look into slush funds: The House of Representatives\u2019 Economics Committee formed a joint task force with the Finance Ministry that will begin looking into the special revenue funds, Al Mal said on Saturday. MPs are hoping to allocate 80% of the funds\u2019 total assets \u2014 around EGP\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":591527,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/09\/egypt-parliament-committees-approve-ppp-act-amendments-dispute-resolution-bill\/","url_meta":{"origin":623271,"position":1},"title":"Egypt parliament committees approve PPP Act amendments, dispute resolution bill","author":"enterpriseam admin","date":"9 December 2019","format":false,"excerpt":"LEGISLATION WATCH- House planning committee approves PPP Act amendments in principle: The House Planning and Budget Committee gave a preliminary nod yesterday to proposed amendments to the PPP Act that would streamline public-private partnership (PPP) contracts and is set to continue discussing the bill today, according to Al Shorouk. 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\/2020\/1\/662.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621557,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/12\/egypt-cabinet-to-introduce-new-customs-act\/","url_meta":{"origin":623271,"position":2},"title":"Egypt cabinet to introduce new customs act","author":"enterpriseam admin","date":"12 November 2018","format":false,"excerpt":"LEGISLATION WATCH- Cabinet will introduce a Customs Act in the House within the coming few weeks, Finance Minister Mohamed Maait told the committee yesterday. The bill is meant to bring customs legislation in line with international agreements and raise Egypt\u2019s ranking in a number of global indices, including the World\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":626779,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/house-budget-committee-approves-sovereign-wealth-fund-act\/","url_meta":{"origin":623271,"position":3},"title":"House Budget committee approves sovereign wealth fund act","author":"enterpriseam admin","date":"11 July 2018","format":false,"excerpt":"LEGISLATION WATCH- The House of Representatives\u2019 Budget Committee approved on Tuesday legislation establishing Egypt\u2019s EGP 200 bn sovereign wealth fund, Al Mal reports. The committee will submit its report on the legislation to the House general assembly next week. Planning Minister Hala El Saeedhad said last month that the fund\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":605135,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/cabinet-to-sign-off-on-customs-act-amendments-this-week\/","url_meta":{"origin":623271,"position":4},"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 "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":647633,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/16\/first-day-of-budget-debate-in-house-committee-goes-smoothly\/","url_meta":{"origin":623271,"position":5},"title":"First day of budget debate in House committee goes smoothly","author":"enterpriseam admin","date":"16 May 2017","format":false,"excerpt":"The first day of budget discussions at the House was fairly smooth: Discussion at the House Budget Committee of the FY2017-18 state budget kicked off yesterday and went reasonably smoothly apart from the expected griping about inflation. That\u2019s building toward resistance to hiking energy prices this summer on concerns about\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/623271","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=623271"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/623271\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/623260"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=623271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=623271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=623271"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=623271"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=623271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}