{"id":626778,"date":"2018-07-11T04:12:56","date_gmt":"2018-07-11T04:12:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/revised-banking-act-wont-be-ready-for-public-debate-before-4q2018\/"},"modified":"2018-07-11T04:12:56","modified_gmt":"2018-07-11T04:12:56","slug":"revised-banking-act-wont-be-ready-for-public-debate-before-4q2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/revised-banking-act-wont-be-ready-for-public-debate-before-4q2018\/","title":{"rendered":"Revised Banking Act won\u2019t be ready for public debate before 4Q2018"},"content":{"rendered":"

<\/a> LEGISLATION WATCH- A revised Banking Act won\u2019t be ready for public discussion before 4Q2018:<\/strong> The central bank will not be ready to present its long-planned overhaul of the bill to the Madbouly Cabinet until 4Q2018, a source familiar with the matter said<\/a>. CBE Governor Tarek Amer had said back in May that the law would be ready to present to the government by 1 June. The delay comes as the CBE is still engaged in consultations with international institutions to help shape the law, according to reports in the domestic press. The final draft of the act will be much more expansive than the first draft of the law<\/a> that came out last year and caused a stir in the banking sector. Industry players objected at the time to term limits for bank MDs, a proposed tithe on industry profits to endow an industry development fund, and provisions that would give the central bank more power to get involved in each bank\u2019s daily affairs.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- A revised Banking Act won\u2019t be ready for public discussion before 4Q2018: The central bank will not be ready to present its long-planned overhaul of the bill to the Madbouly Cabinet until 4Q2018, a source familiar with the matter said. CBE Governor Tarek Amer had said back in May that the law would […]<\/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-626778","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5ae5757e-bdf8-470a-933d-421da7ac9447","order":"0","is_powered_by":true,"section_story_id":"7ae41a97-c3df-4d4e-82d6-8b757661d9be","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626766],"teaser":"","voice_url":""},"yoast_head":"\nRevised Banking Act won\u2019t be ready for public debate before 4Q2018 - 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\/07\/11\/revised-banking-act-wont-be-ready-for-public-debate-before-4q2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Revised Banking Act won\u2019t be ready for public debate before 4Q2018\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- A revised Banking Act won\u2019t be ready for public discussion before 4Q2018: The central bank will not be ready to present its long-planned overhaul of the bill to the Madbouly Cabinet until 4Q2018, a source familiar with the matter said. CBE Governor Tarek Amer had said back in May that the law would […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/revised-banking-act-wont-be-ready-for-public-debate-before-4q2018\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-11T04:12:56+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\/07\/11\/revised-banking-act-wont-be-ready-for-public-debate-before-4q2018\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/revised-banking-act-wont-be-ready-for-public-debate-before-4q2018\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Revised Banking Act won\u2019t be ready for public debate before 4Q2018\",\"datePublished\":\"2018-07-11T04:12:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/revised-banking-act-wont-be-ready-for-public-debate-before-4q2018\/\"},\"wordCount\":177,\"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\/07\/11\/revised-banking-act-wont-be-ready-for-public-debate-before-4q2018\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/revised-banking-act-wont-be-ready-for-public-debate-before-4q2018\/\",\"name\":\"Revised Banking Act won\u2019t be ready for public debate before 4Q2018 - 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He added that it was unlikely that the sale of\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":594416,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/29\/egypts-non-oil-industrial-output-climbs-21-6-to-egp-188-8-bn-in-4q2018\/","url_meta":{"origin":626778,"position":2},"title":"Egypt\u2019s non-oil industrial output climbs 21.6% to EGP 188.8 bn in 4Q2018","author":"enterpriseam admin","date":"29 October 2019","format":false,"excerpt":"Industrial output rises by 21.6% in 4Q2018: Egypt\u2019s non-oil industrial output jumped 21.6% in 4Q2018 to EGP 188.8 bn, up from EGP 155.3 bn in the same quarter the previous year, according to a Capmas release. The coke coal industry accounted for 24% of overall output. Steel, iron, and precious\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":594097,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/20\/egypts-foreign-debt-hits-usd-108-7-bn-in-4q2018-19\/","url_meta":{"origin":626778,"position":3},"title":"Egypt\u2019s foreign debt hits USD 108.7 bn in 4Q2018-19","author":"enterpriseam admin","date":"20 October 2019","format":false,"excerpt":"Egypt\u2019s foreign debt rose increased to USD 108.7 bn at the end of 4Q2018-2019, up 17.3% y-o-y from USD 92.6 bn at the end of June 2018, according to the Central Bank of Egypt's monthly statistical bulletin (pdf \u2014 pp. 66, table 38). 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No further details were provided on the changes, but sources told the local press last month that a revised version of the bill would\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":630705,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/will-cira-relist-on-the-egx-in-4q2018\/","url_meta":{"origin":626778,"position":5},"title":"Will CIRA relist on the EGX in 4Q2018?","author":"enterpriseam admin","date":"30 April 2018","format":false,"excerpt":"IPO WATCH- Will CIRA relist on the EGX in 4Q2018? Cairo Investment and Real Estate Development (CIRA), has reportedly begun taking steps to relist on the EGX, with a preliminary date set for 4Q2018, sources said. 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