{"id":623275,"date":"2018-10-25T04:15:24","date_gmt":"2018-10-25T04:15:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/what-were-tracking-this-week-and-beyond-76\/"},"modified":"2018-10-25T04:15:24","modified_gmt":"2018-10-25T04:15:24","slug":"what-were-tracking-this-week-and-beyond-76","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/what-were-tracking-this-week-and-beyond-76\/","title":{"rendered":"What we\u2019re tracking this week and beyond"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>** #8 The draft SMEs Act is expected to be made public within 10 days<\/strong>, SMEs Development Authority head Nevine Gamea said, <a href=\"https:\/\/www.almalnews.com\/Story\/395574\/12\/-%D8%A7%D8%B3%D8%AA%D8%B9%D8%B1%D8%A7%D8%B6-%D8%A7%D9%84%D9%86%D8%B3%D8%AE%D8%A9-%D8%A7%D9%84%D9%86%D9%87%D8%A7%D8%A6%D9%8A%D8%A9-%D9%84%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%B5%D8%BA%D9%8A%D8%B1%D8%A9-%D8%AE%D9%84%D8%A7%D9%84-%D8%A3%D8%B3%D8%A8%D9%88%D8%B9\">according to Al Mal<\/a>. According to Gamea, the authority has recently reviewed the bill with the CBE and expects to present it to the Madbouly Cabinet very soon. The draft law sets out incentives \u2014 mainly in the form of services and subsidized access to finance \u2014 for owners of micro-, small- and medium-sized enterprises to go legit and pay taxes.<\/p>\n<p><strong>Egypt will announce the CEO of its new sovereign wealth fund in a month and half\u2019s time, <\/strong>Planning Minister Hala El Said said yesterday, <a href=\"https:\/\/alborsaanews.com\/2018\/10\/24\/1145003\">according to local press reports<\/a>. The ministry has formed a committee led by former central bank governor Farouk El Okda to select the person for the top job from a pool of some <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/10\/what-were-tracking-on-10-october-2018\/\">60 applicants<\/a>. Other notable names on the committee include CBE Deputy Governor Lobna Helal and National Bank of Egypt Executive Chairman Hisham Okasha. El Said also said that the executive regulations governing the SWF will be ready in two weeks\u2019 time. A source in the know had <a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/18\/what-were-tracking-on-18-october-2018\/\">previously told us<\/a> that the regs would be ready for cabinet review at the start of November.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>** #8 The draft SMEs Act is expected to be made public within 10 days, SMEs Development Authority head Nevine Gamea said, according to Al Mal. According to Gamea, the authority has recently reviewed the bill with the CBE and expects to present it to the Madbouly Cabinet very soon. The draft law sets out [&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":[9409],"tags":[72,180,287,2385],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623275","post","type-post","status-publish","format-standard","hentry","category-up-next","tag-enterpriseam","tag-legislation","tag-smes","tag-up-next","wpautop","entry"],"acf":{"mongo_id":"9406acbe-db8b-4464-a8ad-80a463c5541c","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[623260],"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>What we\u2019re tracking this week and beyond - 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\/what-were-tracking-this-week-and-beyond-76\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What we\u2019re tracking this week and beyond\" \/>\n<meta property=\"og:description\" content=\"** #8 The draft SMEs Act is expected to be made public within 10 days, SMEs Development Authority head Nevine Gamea said, according to Al Mal. According to Gamea, the authority has recently reviewed the bill with the CBE and expects to present it to the Madbouly Cabinet very soon. 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The draft law sets out incentives \u2014 mainly in the form of services and subsidized access to finance \u2014 for owners of micro-, small-\u2026","rel":"","context":"In &quot;Up Next&quot;","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621618,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/smes-authority-in-talks-with-wb-for-usd-200-mn-loan-to-fund-egypt-smes\/","url_meta":{"origin":623275,"position":1},"title":"SMEs authority in talks with WB for USD 200 mn loan to fund Egypt SMEs","author":"enterpriseam admin","date":"13 November 2018","format":false,"excerpt":"The SME Development Authority is in talks with the World Bank for a USD 200 mn loan to finance new projects, authority head Nevine Gamea tells Amwal Al Ghad. 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The conference will bring together angel investors, venture capitalists and others to discuss the latest trends in fintech,\u2026","rel":"","context":"In &quot;Up Next&quot;","block_context":{"text":"Up Next","link":"https:\/\/enterpriseam.com\/egypt\/category\/up-next\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623291,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/smes-authority-looks-to-provie-egp-2-5-bn-in-smes-financing-in-4q2018\/","url_meta":{"origin":623275,"position":3},"title":"SMEs authority looks to provie EGP 2.5 bn in SMEs financing in 4Q2018","author":"enterpriseam admin","date":"25 October 2018","format":false,"excerpt":"The SMEs Development Authority is looking to provide up to EGP 2.5 bn in financing for SMEs before year-end, authority head Nevine Gamea said yesterday. Gamea\u2019s announcement comes after Investment Minister Sahar Nasr announced on Sunday that her ministry is in talks with the World Bank for a USD 200\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623142,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/22\/sahar-nasr-negotiating-with-wb-over-usd-200-mn-loan-for-smes\/","url_meta":{"origin":623275,"position":4},"title":"Sahar Nasr negotiating with WB over USD 200 mn loan for SMEs","author":"enterpriseam admin","date":"22 October 2018","format":false,"excerpt":"Egypt is in talks with the World Bank for a USD 200 mn loan to fund SMEs and youth-led businesses, Investment and International Cooperation Minister Sahar Nasr said yesterday, according to Al Mal. The funding will be channeled largely toward women-led SMEs and youth startups established through the government\u2019s \u201cFekretak\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593104,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/18\/draft-smes-act-gets-early-nod-from-house-committee\/","url_meta":{"origin":623275,"position":5},"title":"Draft SMEs Act gets early nod from House committee","author":"enterpriseam admin","date":"18 November 2019","format":false,"excerpt":"LEGISLATION WATCH- Draft SMEs Act gets early nod from House committee: The proposed SMEs Act, which would provide tax and non-tax incentives for small and medium-sized businesses to join the formal economy, received preliminary House committee approval yesterday, according to Masrawy. 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