{"id":631882,"date":"2018-03-29T04:10:21","date_gmt":"2018-03-29T04:10:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/a-copy-of-the-ride-hailing-apps-act-just-got-leaked-to-the-press\/"},"modified":"2018-03-29T04:10:21","modified_gmt":"2018-03-29T04:10:21","slug":"a-copy-of-the-ride-hailing-apps-act-just-got-leaked-to-the-press","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/a-copy-of-the-ride-hailing-apps-act-just-got-leaked-to-the-press\/","title":{"rendered":"A copy of the Ride-Hailing Apps Act just got leaked to the press"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>LEGISLATION WATCH- A copy of the Ride-Hailing Apps Act has leaked to the press:<\/strong> The current draft of the Ride-Hailing Apps Act, which is under review at the House Transport Committee, has been leaked, <a href=\"http:\/\/almalnews.com\/Story\/370482\/15\/%D8%A7%D9%84%D9%85%D9%84%D8%A7%D9%85%D8%AD-%D8%A7%D9%84%D9%86%D9%87%D8%A7%D8%A6%D9%8A%D8%A9-%D9%84%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D9%86%D9%82%D9%84-%D8%A7%D9%84%D8%A8%D8%B1%D9%89-%D8%A8%D8%A7%D8%B3%D8%AA%D8%AE%D8%AF%D8%A7%D9%85-%D8%A7%D9%84%D8%AA%D9%83%D9%86%D9%88%D9%84%D9%88%D8%AC%D9%8A%D8%A7\">courtesy of Al Mal<\/a>. The law, which would regulate companies such as Uber and Careem, has recently been pushed to the top of the government and parliament\u2019s priorities after the Administrative Court issued a ruling ordering these apps\u2019 shutdown. Among the highlights:<\/p>\n<ul>\n<li><strong>Companies will be required to pay up to EGP 10 mn to receive a five-year operating license<\/strong>. The exact cost of the license will be determined based on the size of the company\u2019s fleet.<\/li>\n<li><strong>Ride-sharing drivers must pay up to EGP 1,000 for a license<\/strong> to work through the companies. Licenses will be renewed annually. Drivers will also be required to obtain a special symbol to show that their vehicle is being operated through an app-based service. It remains unclear whether the symbol will be a special license plate or something as simple as a sticker to be placed on the car\u2019s windshield. <\/li>\n<li><strong>Taxes for ride-hailing apps will be 25% higher<\/strong> than those imposed on cabbies.<\/li>\n<li><strong>A separate ministerial decree will be issued to set specific quality standards<\/strong> for the cars being employed by the apps.<\/li>\n<li><strong>White taxis must be incorporated into ride-hailing apps\u2019 fleets<\/strong> within three months of receiving their operating licenses. The text of the law does not impose a minimum quota, but previous reports had suggested that the apps would need to ensure white taxis comprise half of their fleets. White cabs operating under the apps will be subject to the same legislative framework, minus the extra taxes.<\/li>\n<li><strong>Companies and drivers will both face fines if something goes wrong.<\/strong> Companies that operate without receiving the necessary licenses would face penalties ranging between EGP 200k and 5 mn, while drivers would be fined EGP 5-20k for the same offense. Companies will also be slapped with a fine of no less than EGP 500k and no more than EGP 5 mn for failing cover their drivers under an insurance program, share their databases as required by the state, or incorporate white taxis in their fleets. <\/li>\n<li>All parties involved will have a <strong>grace period of six months to comply with the law<\/strong>.<\/li>\n<\/ul>\n<p>You can also <a href=\"http:\/\/almalnews.com\/Media\/documents\/AA.pdf\"><strong>read the full document here (pdf)<\/strong><\/a>.<\/p>\n<p><strong>Meanwhile, Careem is said to be in early talks with potential investors to raise USD 500 mn in new funding,<\/strong> sources tell <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKBN1H41G5\">Reuters\u2019 Arabic service<\/a>. Uber\u2019s largest rival in the region could some of the fresh capital to expand its business lines, one of the sources said, adding that the company is looking to expand into new markets, such as Tunisia and Algeria. Despite recent reports that Careem had <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/\">held talks<\/a> with investment banks about a potential IPO aimed for early 2019, CEO Mudassir Sheikha <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/22\/careem-not-seeking-ipo-not-yet-profitably-sheikha\/\">said in January<\/a> that it was \u201cnowhere on the horizon,\u201d but that the company was \u201cat a scale already where bankers think we should consider it.\u201d In related news, <a href=\"https:\/\/www.reuters.com\/article\/us-careem-palestinians-transportation\/mideast-ride-hailing-app-careem-resumes-ramallah-services-idUSKBN1H40J0\">Careem said yesterday<\/a> it resumed services in Ramallah for the first time since November after striking a deal with Palestinian transport authorities. The company also announced it would begin operations in Pakistan\u2019s Quetta starting today, <a href=\"https:\/\/www.brecorder.com\/2018\/03\/28\/407906\/careem-to-launch-its-operation-in-quetta-from-thursday\/\">according to Business Recorder<\/a>.<\/p>\n<p><strong>Is Uber struggling in emerging markets?<\/strong> Uber is struggling in many regions, particularly in emerging markets, largely due to the company\u2019s failure to understand and adapt to local nuances, Adam Minter <a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2018-03-27\/uber-can-t-afford-to-be-an-ugly-american-abroad\">writes for Bloomberg<\/a>. For example, Uber failed to offer a cash payment option in countries with low banking rates and fell behind in offering options including tuk-tuks and motorcycles in others. Minter also suggests that last week\u2019s Administrative Court ruling in Egypt against Careem and Uber would not have happened to \u201ca local company with better government relations.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LEGISLATION WATCH- A copy of the Ride-Hailing Apps Act has leaked to the press: The current draft of the Ride-Hailing Apps Act, which is under review at the House Transport Committee, has been leaked, courtesy of Al Mal. The law, which would regulate companies such as Uber and Careem, has recently been pushed to the [&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-631882","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e5aa7297-cbec-4c9f-ac50-c17e1b3d232c","order":"0","is_powered_by":true,"section_story_id":"24b0c822-2b3a-41df-8ed4-39dd2ffc5838","story_type":"1","photo_url":"","photo_position":"above","related_issue":[631870],"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>A copy of the Ride-Hailing Apps Act just got leaked to the press - 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\/03\/29\/a-copy-of-the-ride-hailing-apps-act-just-got-leaked-to-the-press\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A copy of the Ride-Hailing Apps Act just got leaked to the press\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- A copy of the Ride-Hailing Apps Act has leaked to the press: The current draft of the Ride-Hailing Apps Act, which is under review at the House Transport Committee, has been leaked, courtesy of Al Mal. The law, which would regulate companies such as Uber and Careem, has recently been pushed to the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/a-copy-of-the-ride-hailing-apps-act-just-got-leaked-to-the-press\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-29T04:10:21+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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/a-copy-of-the-ride-hailing-apps-act-just-got-leaked-to-the-press\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/a-copy-of-the-ride-hailing-apps-act-just-got-leaked-to-the-press\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"A copy of the Ride-Hailing Apps Act just got leaked to the press\",\"datePublished\":\"2018-03-29T04:10:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/a-copy-of-the-ride-hailing-apps-act-just-got-leaked-to-the-press\/\"},\"wordCount\":643,\"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\/03\/29\/a-copy-of-the-ride-hailing-apps-act-just-got-leaked-to-the-press\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/a-copy-of-the-ride-hailing-apps-act-just-got-leaked-to-the-press\/\",\"name\":\"A copy of the Ride-Hailing Apps Act just got leaked to the press - 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The regs cover a variety of regulatory procedures, including registration, licensing, taxes and social insurance \u2014 stipulating that all\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\/2019\/4\/5.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591571,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/govt-invites-ride-hailing-companies-to-discuss-ride-hailing-apps-act-exec-regs\/","url_meta":{"origin":631882,"position":1},"title":"Gov\u2019t invites ride-hailing companies to discuss Ride Hailing Apps Act exec regs","author":"enterpriseam admin","date":"10 December 2019","format":false,"excerpt":"REGULATION WATCH- The government is inviting ride-hailing companies to come in for a talk about the executive regulations of the Ride-Hailing Apps Act, Masrawy reported. The regulations were made official in September after winning cabinet approval and being published in the Official Gazette, and the meetings now taking place are\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":626624,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/ride-hailing-apps-regs-to-be-issued-in-september\/","url_meta":{"origin":631882,"position":2},"title":"Ride-hailing Apps regs to be issued in September","author":"enterpriseam admin","date":"8 July 2018","format":false,"excerpt":"LEGISLATION WATCH- The executive regulations of the Ride-Hailing Apps Act will be issued in September, government sources said on Saturday. The regulations will outline licensing requirements and fees for ride-hailing companies such as Uber and Careem. Under the act, which was signed into law last month, companies will be required\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":628523,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/07\/final-vote-on-ride-hailing-apps-act-postponed-in-house-on-account-of-controversial-clauses\/","url_meta":{"origin":631882,"position":3},"title":"Final vote on Ride-Hailing Apps Act postponed in House on account of controversial clauses","author":"enterpriseam admin","date":"7 May 2018","format":false,"excerpt":"LEGISLATION WATCH- Final House vote on Ride-Hailing Apps Act postponed amid backlash against data-sharing clauses: The Ride-Hailing Apps Act failed to breeze through a final vote in the House of Representatives yesterday, drawing heavy criticism for some of its most controversial clauses, which appear to not have been amended at\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":629763,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/01\/ride-hailing-apps-act-gets-preliminary-approval-from-house-committees\/","url_meta":{"origin":631882,"position":4},"title":"Ride-Hailing Apps Act gets preliminary approval from House committees","author":"enterpriseam admin","date":"1 April 2018","format":false,"excerpt":"LEGISLATION WATCH- The Ride-Hailing Apps Act has received preliminary approvals from a number of committees in the House of Representatives on Thursday, according to a statement from the Investment Ministry. The House\u2019s economics, transport, ICT, defense and national security committees all gave their initial sign off to the act, said\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":628568,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/parliament-looks-to-smother-ride-hailing-in-the-baby-crib-by-approving-an-even-worse-version-of-the-ride-hailing-apps-act\/","url_meta":{"origin":631882,"position":5},"title":"Parliament looks to smother ride-hailing in the baby crib by approving an even worse version of the Ride-Hailing Apps Act","author":"enterpriseam admin","date":"8 May 2018","format":false,"excerpt":"LEGISLATION WATCH- Parliament looks to smother ride-hailing in the baby crib by approving its Ride-Hailing Apps Act: The House of Representatives approved in its plenary session yesterday the Ride-Hailing Apps Act. Parliament not only passed the law without amending its most controversial clauses on user data, but appears to have\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/631882","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=631882"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/631882\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/631870"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=631882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=631882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=631882"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=631882"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=631882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}