{"id":625361,"date":"2018-08-02T03:48:38","date_gmt":"2018-08-02T03:48:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/02\/cabinet-signs-off-on-egp-2-5-bn-strategy-to-develop-egypts-education-infrastructure\/"},"modified":"2018-08-02T03:48:38","modified_gmt":"2018-08-02T03:48:38","slug":"cabinet-signs-off-on-egp-2-5-bn-strategy-to-develop-egypts-education-infrastructure","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/02\/cabinet-signs-off-on-egp-2-5-bn-strategy-to-develop-egypts-education-infrastructure\/","title":{"rendered":"Cabinet signs off on EGP 2.5 bn strategy to develop Egypt\u2019s education infrastructure"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>CABINET WATCH- The Madbouly Cabinet signed off yesterday on a EGP 2.5 bn plan to develop the country\u2019s education infrastructure<\/strong>, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/the-Council-of-Ministers-meeting-No7.aspx\">according to a statement<\/a>. The plan will build some 2,500 new schools across Egypt as part of the government\u2019s plans to overhaul the education sector. No further details were provided on what these developments entail, or when the government expects them to be complete.<\/p>\n<p><strong>Madbouly forms committee to amend Mineral Resources Law:<\/strong> The prime minister also decided to form a committee with representatives oil, investment, environment, finance, local administration, defense, and public enterprises minister and representatives from the Federation of Egyptian Industries\u2019 mining and quarries division to draft amendments to the Mineral Resources Act. The House of Representatives\u2019 Industry Committee had been looking at changes to the act, including cutting licensing fees, royalties, and tolls payable to the state by 50% <a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/10\/house-industry-committees-fall-agenda-to-include-automotive-directive-amendments-to-the-industry-act\/\">last year<\/a>.<\/p>\n<p>(<strong>Background on the mining law:<\/strong> Industry players have argued that Egypt could be one of the top mining destinations in the world \u2014 if it dumps the oil and gas production sharing model that it now follows. Instead, Egypt should resort to the \u201ctransparent model\u201d of a tax and royalty regime, Aton Resources\u2019 Mark Campbell argued in a piece for Enterprise last year. Read: <a href=\"https:\/\/enterprise.press\/2017\/01\/16\/egypts-golden-opportunity-mining-21st-century\/\"><strong>Egypt\u2019s golden opportunity: Mining for the 21st Century<\/strong><\/a>.)<\/p>\n<p>Also approved during yesterday\u2019s weekly meeting:<\/p>\n<ul>\n<li><strong>Draft regulations on unpaid vacations<\/strong> for employees covered under the Civil Service Act; <\/li>\n<li><strong>Extending the grace period for tourism investors in Luxor and Aswan to complete payments<\/strong> owed to the state for an additional six months; <\/li>\n<li>A direct order <strong>agreement between Cabinet\u2019s Information and Decision Support Center and Telecom Egypt to provide call center services<\/strong> until 30 June 2019;<\/li>\n<li>Several decisions and <strong>recommendations from the Investor Disputes Resolution Committee<\/strong>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>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. The plan will build some 2,500 new schools across Egypt as part of the government\u2019s plans to overhaul the education sector. No further details were provided on what these developments entail, [&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-625361","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"780936bc-8edb-4dfb-83db-2a90d811e8ed","order":"0","is_powered_by":true,"section_story_id":"96b705aa-bc92-4b96-be3d-9e2b239ca0f6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625347],"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 EGP 2.5 bn strategy to develop Egypt\u2019s education infrastructure - 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\/08\/02\/cabinet-signs-off-on-egp-2-5-bn-strategy-to-develop-egypts-education-infrastructure\/\" \/>\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 EGP 2.5 bn strategy to develop Egypt\u2019s education infrastructure\" \/>\n<meta property=\"og:description\" content=\"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. The plan will build some 2,500 new schools across Egypt as part of the government\u2019s plans to overhaul the education sector. No further details were provided on what these developments entail, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/02\/cabinet-signs-off-on-egp-2-5-bn-strategy-to-develop-egypts-education-infrastructure\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-02T03:48:38+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\/08\/02\/cabinet-signs-off-on-egp-2-5-bn-strategy-to-develop-egypts-education-infrastructure\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/02\/cabinet-signs-off-on-egp-2-5-bn-strategy-to-develop-egypts-education-infrastructure\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cabinet signs off on EGP 2.5 bn strategy to develop Egypt\u2019s education infrastructure\",\"datePublished\":\"2018-08-02T03:48:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/02\/cabinet-signs-off-on-egp-2-5-bn-strategy-to-develop-egypts-education-infrastructure\/\"},\"wordCount\":302,\"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\/08\/02\/cabinet-signs-off-on-egp-2-5-bn-strategy-to-develop-egypts-education-infrastructure\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/02\/cabinet-signs-off-on-egp-2-5-bn-strategy-to-develop-egypts-education-infrastructure\/\",\"name\":\"Cabinet signs off on EGP 2.5 bn strategy to develop Egypt\u2019s education infrastructure - 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While the statement includes no details on\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":628738,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/13\/cabinet-agrees-to-allocate-additional-egp-2-6-bn-to-healthcare-in-fy2018-19-from-other-ministries-surplus\/","url_meta":{"origin":625361,"position":1},"title":"Cabinet agrees to allocate additional EGP 2.6 bn to healthcare in FY2018-19 from other ministries\u2019 surplus","author":"enterpriseam admin","date":"13 May 2018","format":false,"excerpt":"BUDGET WATCH- The Ismail Cabinet agreed to allocate an additional EGP 2.6 bn to the Health Ministry\u2019s investment budget for FY2018-19, Health Minister Ahmed Rady reportedly said on Thursday, Al Mal reports. The amount will be provided through existing surplus at other ministries, according to Rady, who did not provide\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":629464,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/31\/cabinet-signs-off-on-egp-70-bn-overdraft-for-fy2017-18-state-budget\/","url_meta":{"origin":625361,"position":2},"title":"Cabinet signs off on EGP 70 bn overdraft for FY2017-18 state budget","author":"enterpriseam admin","date":"31 May 2018","format":false,"excerpt":"CABINET WATCH- The Ismail Cabinet signed off yesterday on an EGP 70 bn overdraft for the FY2017-18 state budget to cover \u201cnecessary expenditures,\u201d according to a statement. The statement does not provide further details on the decision, but Vice Minister of Finance Mohamed Maait had told Enterprise last week that\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":568939,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/09\/egypt-to-double-health-spending-in-fy2020-2021\/","url_meta":{"origin":625361,"position":3},"title":"Egypt to double health spending in FY2020-2021","author":"enterpriseam admin","date":"9 February 2020","format":false,"excerpt":"BUDGET WATCH- The government will double its spending on health in the upcoming fiscal year, Prime Minister Moustafa Madbouly said in a meeting with the health and planning ministers last week, without providing a specific figure, according to a cabinet statement. 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