{"id":628272,"date":"2018-06-28T03:53:21","date_gmt":"2018-06-28T03:53:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/contractors-compensation-act-high-on-madbouly-cabinet-agenda\/"},"modified":"2018-06-28T03:53:21","modified_gmt":"2018-06-28T03:53:21","slug":"contractors-compensation-act-high-on-madbouly-cabinet-agenda","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/contractors-compensation-act-high-on-madbouly-cabinet-agenda\/","title":{"rendered":"Contractors Compensation Act high on Madbouly Cabinet agenda"},"content":{"rendered":"<p><strong>CABINET WATCH- Contractors Compensation Act high on Madbouly Cabinet agenda:<\/strong> 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, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/the-Council-of-Ministers-meeting-No.-2.aspx\">according to a cabinet statement<\/a>. Ministers reviewed a report, which showed that EGP 2.7 bn were disbursed to contractors out of a total EGP 3.2 bn in requested compensation for pre-November 2016 contracts that suddenly went underwater with the float of the EGP that month.<\/p>\n<p><strong>Cabinet also approved amendments to the Government Accounting Act that would make it mandatory for all government transactions be electronic.<\/strong> Finance Minister Mohamed Maait had issued a decision earlier in the day that would make all transactions between the government and private sector worth more than EGP 100k exclusively electronic. All transactions with the government will be electronic starting from January 2019, <a href=\"http:\/\/www.mof.gov.eg\/Arabic\/MOFNews\/Press\/Pages\/news-a-27-6-2018.aspx\">according to a ministry statement<\/a>. The move to e-payments for government services was mandated by the National Payments Council. Other decisions taken by the cabinet yesterday include:<\/p>\n<ul>\n<li>Approving <strong>procedures to handle environmental disasters<\/strong>, which include tallying the list of facilities at risk of causing widespread environmental damage;<\/li>\n<li>Allowing the Military Productions Ministry to sign with the Aviation Information Technology company and Smart Tech to produce <strong>bread ration cards<\/strong>;<\/li>\n<li>Appropriating some 27,633 feddans for the <strong>development of new cities including New Luxor<\/strong>. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>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 disbursed to contractors out of [&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-628272","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f362a07b-0364-4b75-97d7-0c8846f4be5a","order":"0","is_powered_by":true,"section_story_id":"810a0e85-c67f-47df-9b68-1f57684d1bfb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628252],"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>Contractors Compensation Act high on Madbouly Cabinet agenda - 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\/06\/28\/contractors-compensation-act-high-on-madbouly-cabinet-agenda\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Contractors Compensation Act high on Madbouly Cabinet agenda\" \/>\n<meta property=\"og:description\" content=\"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 disbursed to contractors out of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/contractors-compensation-act-high-on-madbouly-cabinet-agenda\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-28T03:53:21+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\/06\/28\/contractors-compensation-act-high-on-madbouly-cabinet-agenda\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/contractors-compensation-act-high-on-madbouly-cabinet-agenda\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Contractors Compensation Act high on Madbouly Cabinet agenda\",\"datePublished\":\"2018-06-28T03:53:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/contractors-compensation-act-high-on-madbouly-cabinet-agenda\/\"},\"wordCount\":226,\"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\/06\/28\/contractors-compensation-act-high-on-madbouly-cabinet-agenda\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/28\/contractors-compensation-act-high-on-madbouly-cabinet-agenda\/\",\"name\":\"Contractors Compensation Act high on Madbouly Cabinet agenda - 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NUCA has disbursed the largest sum of compensation payments under the Contractors\u2019 Compensation Act, which has helped\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603320,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/18\/cabinet-assigns-holding-co-for-roads-arab-contractors-to-build-new-egp-2-bn-axis-in-aswan\/","url_meta":{"origin":628272,"position":3},"title":"Cabinet assigns Holding Co for Roads, Arab Contractors to build new, EGP 2 bn axis in Aswan","author":"enterpriseam admin","date":"18 April 2019","format":false,"excerpt":"CABINET WATCH- Holding Co for Roads, Arab Contractors to construct new EGP 2 bn Aswan bridge: The Madbouly Cabinet approved yesterday handing over construction works of a new EGP 2 bn bridge in Aswan to the Holding Company for Roads, Bridges and Land Transportation and Arab Contractors, according to a\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":635593,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/07\/nuca-planning-to-disburse-egp-4-bn-of-compensation-to-contractors-by-years-end\/","url_meta":{"origin":628272,"position":4},"title":"NUCA planning to disburse EGP 4 bn of compensation to contractors by year\u2019s end","author":"enterpriseam admin","date":"7 December 2017","format":false,"excerpt":"The New Urban Communities Authority (NUCA) is planning to disburse by the end of the year a total of EGP 2 bn in compensation payments to contractors for losses incurred on state contracts after the EGP float, a Housing Ministry official tells Al Borsa. The remaining payments owed to contractors\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641444,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/24\/contractors-to-receive-compensation-for-fx-losses-by-the-end-of-the-current-fiscal-year\/","url_meta":{"origin":628272,"position":5},"title":"Contractors to receive compensation for FX losses by the end of the current fiscal year","author":"enterpriseam admin","date":"24 September 2017","format":false,"excerpt":"Contractors to receive compensation by the end of FY2017-18: The government will disburse by the end of the current fiscal year compensation packages to contractors for losses incurred on state projects as a result of the EGP float, Planning Minister Hala El Said said yesterday, Al Mal reports. 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