{"id":636871,"date":"2017-11-02T03:50:53","date_gmt":"2017-11-02T03:50:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/more-reax-to-egypts-disappointing-ranking-in-the-world-banks-doing-business-2018\/"},"modified":"2017-11-02T03:50:53","modified_gmt":"2017-11-02T03:50:53","slug":"more-reax-to-egypts-disappointing-ranking-in-the-world-banks-doing-business-2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/more-reax-to-egypts-disappointing-ranking-in-the-world-banks-doing-business-2018\/","title":{"rendered":"More reax to Egypt\u2019s disappointing ranking in the World Bank\u2019s Doing Business 2018"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>We got more government reaction yesterday to the disappointing news that Egypt fell six places to 128 on the <\/strong><a href=\"https:\/\/enterprise.press\/stories\/2017\/11\/01\/egypt-drops-to-128-on-the-wbg-doing-business-report\/\"><strong>World Bank Group\u2019s Doing Business Report 2018<\/strong><\/a>. The reax ranged from frustration to outright shade. Vice Minister of Finance <a href=\"http:\/\/www.almalnews.com\/Story\/351566\/14\/%D8%A7%D9%84%D9%85%D9%86%D9%8A%D8%B1-%D9%85%D8%B9%D8%A7%D9%8A%D9%8A%D8%B1-%D8%AA%D9%82%D8%B1%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D9%85%D8%A7%D8%B1%D8%B3%D8%A9-%D8%BA%D9%8A%D8%B1-%D9%83%D8%A7%D9%81%D9%8D-%D9%84%D9%84%D8%AD%D9%83%D9%85-%D8%B9%D9%84%D9%89-%D9%86%D8%AC%D8%A7%D8%AD-%D8%A7%D9%84%D9%85%D9%86%D8%B8%D9%88%D9%85%D8%A9-%D8%A7%D9%84%D8%B6%D8%B1%D9%8A%D8%A8%D9%8A%D8%A9\">Amr El Monayer said<\/a> that the criteria the report uses to measure taxation cannot accurately assess the success of tax policy. Senior officials from the Electricity Ministry took it a few steps further, saying that the WBG relies on \u201claw firms\u201d unsuited for the task to write its reports. An unnamed senior official <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1213069\">tells AMAY<\/a> that the WBG\u2019s CEO had called Egypt\u2019s electricity sector among the best in the world.<\/p>\n<p><strong>More policy announcements following the report:<\/strong> In the wake of Egypt ranking 170th globally for cross-border trade, Trade and Industry Minister Tarek Kabil announced that the government was streamlining procedures at Egypt\u2019s ports, <a href=\"http:\/\/gate.ahram.org.eg\/News\/1635638.aspx\">Ahram Gate reports<\/a>. This would include setting up a (wait for it) \u201cone stop shop\u201d in all Egyptian port to obtain shipping, and import and export licenses. Kabil added that a committee had been formed to study reducing paperwork to obtain licenses. His statements come a day after El Monayer announced that the government will work on procedural amendments to cut down the number of hours it takes to pay taxes to improve Egypt\u2019s ranking in that area.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We got more government reaction yesterday to the disappointing news that Egypt fell six places to 128 on the World Bank Group\u2019s Doing Business Report 2018. The reax ranged from frustration to outright shade. Vice Minister of Finance Amr El Monayer said that the criteria the report uses to measure taxation cannot accurately assess 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-636871","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2a32c84d-030e-4913-98fd-38a7636fd007","order":"0","is_powered_by":true,"section_story_id":"e588b384-a589-483d-a247-3110fa2e1016","story_type":"1","photo_url":"","photo_position":"above","related_issue":[636862],"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>More reax to Egypt\u2019s disappointing ranking in the World Bank\u2019s Doing Business 2018 - 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\/2017\/11\/02\/more-reax-to-egypts-disappointing-ranking-in-the-world-banks-doing-business-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More reax to Egypt\u2019s disappointing ranking in the World Bank\u2019s Doing Business 2018\" \/>\n<meta property=\"og:description\" content=\"We got more government reaction yesterday to the disappointing news that Egypt fell six places to 128 on the World Bank Group\u2019s Doing Business Report 2018. The reax ranged from frustration to outright shade. Vice Minister of Finance Amr El Monayer said that the criteria the report uses to measure taxation cannot accurately assess the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/more-reax-to-egypts-disappointing-ranking-in-the-world-banks-doing-business-2018\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-02T03:50:53+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\/2017\/11\/02\/more-reax-to-egypts-disappointing-ranking-in-the-world-banks-doing-business-2018\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/more-reax-to-egypts-disappointing-ranking-in-the-world-banks-doing-business-2018\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"More reax to Egypt\u2019s disappointing ranking in the World Bank\u2019s Doing Business 2018\",\"datePublished\":\"2017-11-02T03:50:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/more-reax-to-egypts-disappointing-ranking-in-the-world-banks-doing-business-2018\/\"},\"wordCount\":236,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/more-reax-to-egypts-disappointing-ranking-in-the-world-banks-doing-business-2018\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/more-reax-to-egypts-disappointing-ranking-in-the-world-banks-doing-business-2018\/\",\"name\":\"More reax to Egypt\u2019s disappointing ranking in the World Bank\u2019s Doing Business 2018 - 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The country made it to the\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":621557,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/12\/egypt-cabinet-to-introduce-new-customs-act\/","url_meta":{"origin":636871,"position":1},"title":"Egypt cabinet to introduce new customs act","author":"enterpriseam admin","date":"12 November 2018","format":false,"excerpt":"LEGISLATION WATCH- Cabinet will introduce a Customs Act in the House within the coming few weeks, Finance Minister Mohamed Maait told the committee yesterday. The bill is meant to bring customs legislation in line with international agreements and raise Egypt\u2019s ranking in a number of global indices, including the World\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":631282,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/14\/egypt-is-the-42nd-best-country-in-the-world-for-business\/","url_meta":{"origin":636871,"position":2},"title":"Egypt is the 42nd best country in the world for business?","author":"enterpriseam admin","date":"14 March 2018","format":false,"excerpt":"Egypt was ranked as the 42nd best country in the world in US News and World report\u2019s 2018 ranking of 80 nations. Egypt\u2019s rank was largely dependant on its economic improvement rather than its social and political standing in the report. It\u2019s best overall score was in the \u201cMovers\u201d category,\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":627146,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/24\/ifc-pledges-usd-2-bn-in-funding-to-egypts-private-sector-until-2019\/","url_meta":{"origin":636871,"position":3},"title":"IFC pledges USD 2 bn in funding to Egypt\u2019s private sector until 2019","author":"enterpriseam admin","date":"24 July 2018","format":false,"excerpt":"IFC pledges USD 2 bn in funding to Egypt\u2019s private sector until 2019: The International Finance Corporation (IFC) is committed to extending as much as USD 2 bn in funding to Egypt\u2019s private sector until 2019 under the country\u2019s cooperation framework with the World Bank Group, IFC CEO Philippe Le\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":624536,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/12\/egypt-cancels-second-t-bond-sale-this-month-due-to-high-yields\/","url_meta":{"origin":636871,"position":4},"title":"Egypt cancels second T-bond sale this month due to high yields","author":"enterpriseam admin","date":"12 September 2018","format":false,"excerpt":"**#2 Egypt cancels second T-bond sale this month due to high yields: Egypt canceled a sale of EGP 3.5 bn worth of five- and 10-year instruments on Monday, according to central bank data, with sources telling Al Mal that high yields on demand were behind the decision. Investors reportedly requested\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":647423,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/10\/trump-fires-fbi-director-comey-prompting-watergate-comparisons\/","url_meta":{"origin":636871,"position":5},"title":"Trump fires FBI director Comey, prompting Watergate comparisons","author":"enterpriseam admin","date":"10 May 2017","format":false,"excerpt":"US President Donald Trump has fired the director of the Federal Bureau of Investigation, \u201cabruptly terminating the leader of a wide-ranging criminal investigation into whether Mr. Trump\u2019s advisers colluded with the Russian government to steer the outcome of the 2016 presidential election.\u201d The move immediately prompted comparisons to the \u201cSaturday\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\/636871","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=636871"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636871\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/636862"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=636871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=636871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=636871"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=636871"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=636871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}