{"id":648841,"date":"2017-04-13T03:58:48","date_gmt":"2017-04-13T03:58:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/on-the-horizon-234\/"},"modified":"2017-04-13T03:58:48","modified_gmt":"2017-04-13T03:58:48","slug":"on-the-horizon-234","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/on-the-horizon-234\/","title":{"rendered":"On the horizon"},"content":{"rendered":"

The House of Representatives\u2019 Economic Committee postponed its vote on the new <\/strong>Investment Act until next week<\/strong>, citing the government\u2019s delay in responding to inquiries on certain clauses, sources told Al Borsa on Wednesday<\/a>. The committee was expecting a report from the General Authority for Free Zones and Investments on Sunday or Monday this week, clarifying the types of incentives<\/a> that would be given to foreign investors under the terms of the act, discussion of which was set aside in the immediate wake of the Palm Sunday terror attacks. Next week\u2019s vote is expected to also settle debate over the return of private free zones<\/strong>, committee chair Amr Ghallab said.<\/p>\n

The House also postponed until next week the general assembly\u2019s vote on a 10% social <\/strong>welfare raise for bureaucrats<\/strong> who don\u2019t fall under the Civil Service Act, according to Ahram Gate<\/a>. Speaking to the press on Wednesday<\/a>, Finance Minister Amr El Garhy confirmed earlier reports<\/a> that the raise, which will range in value from EGP 65-120 per civil servant, would be distributed in May and applied retroactively.<\/p>\n","protected":false},"excerpt":{"rendered":"

The House of Representatives\u2019 Economic Committee postponed its vote on the new Investment Act until next week, citing the government\u2019s delay in responding to inquiries on certain clauses, sources told Al Borsa on Wednesday. The committee was expecting a report from the General Authority for Free Zones and Investments on Sunday or Monday this week, […]<\/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":[9277],"tags":[72,3157],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648841","post","type-post","status-publish","format-standard","hentry","category-on-the-horizon","tag-enterpriseam","tag-on-the-horizon","wpautop","entry"],"acf":{"mongo_id":"973b7936-fe33-419f-93f1-58ea7daac32b","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[648834],"teaser":"","voice_url":""},"yoast_head":"\nOn the horizon - 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\/04\/13\/on-the-horizon-234\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"On the horizon\" \/>\n<meta property=\"og:description\" content=\"The House of Representatives\u2019 Economic Committee postponed its vote on the new Investment Act until next week, citing the government\u2019s delay in responding to inquiries on certain clauses, sources told Al Borsa on Wednesday. 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There may be some tinkering left to do, but we\u2019re nearly at a final draft of the Investment Act. The House Economic Committee has finished its review of the Investment act and will be sending the\u2026","rel":"","context":"In "ON THE HORIZON"","block_context":{"text":"ON THE HORIZON","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-the-horizon\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647133,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/house-gives-preliminary-nod-to-investment-act-postpones-vote-to-discuss-private-free-zones\/","url_meta":{"origin":648841,"position":1},"title":"House gives preliminary nod to Investment Act, postpones vote to discuss private free zones","author":"enterpriseam admin","date":"3 May 2017","format":false,"excerpt":"The House has approved the Investment Act in principle, but postponed its final vote to today until issues over private free zones are put to rest. The House of Representatives is expected to vote on the Investment Act in a plenary session today after MPs gave a preliminary nod to\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":641985,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/03\/on-the-horizon-163\/","url_meta":{"origin":648841,"position":2},"title":"On the horizon","author":"enterpriseam admin","date":"3 August 2017","format":false,"excerpt":"The Ismail government\u2019s investment map should go to the House Economics Committee next week, according to committee chair Amr Ghallab. An alleged draft of the map, which includes c. 600 projects in a wide range of sectors and locations, was leaked last month. The committee, which is currently reviewing the\u2026","rel":"","context":"In "ON THE HORIZON"","block_context":{"text":"ON THE HORIZON","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-the-horizon\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650655,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/29\/on-the-horizon-249\/","url_meta":{"origin":648841,"position":3},"title":"On the horizon","author":"enterpriseam admin","date":"29 March 2017","format":false,"excerpt":"The return of private-sector owned and run free zones is still on the table. The House Economic Committee is holding a final session next week with representatives from the business community to discuss the potential return of privately owned free zones, Al Borsa reports. The committee had announced last week\u2026","rel":"","context":"In "ON THE HORIZON"","block_context":{"text":"ON THE HORIZON","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-the-horizon\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649606,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/05\/on-the-horizon-239\/","url_meta":{"origin":648841,"position":4},"title":"On the horizon","author":"enterpriseam admin","date":"5 March 2017","format":false,"excerpt":"Finance Minister Amr El Garhy has postponed his Tuesday budget discussion at the House of Representatives to mid-March as he will be out of Egypt, Al Borsa reports without detailing where El Garhy is traveling. The Finance Ministry is expected to deliver a draft of the FY2017-18 budget to the\u2026","rel":"","context":"In "ON THE HORIZON"","block_context":{"text":"ON THE HORIZON","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-the-horizon\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642295,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/10\/on-the-horizon-167\/","url_meta":{"origin":648841,"position":5},"title":"On the horizon","author":"enterpriseam admin","date":"10 August 2017","format":false,"excerpt":"We were looking forward to hearing overnight that the Ismail cabinet had signed off on the executive regulations of the Investment Act yesterday. That didn\u2019t come to pass \u2014 cabinet postponed the meeting on the regs until next week, Investment Minister Sahar Nasr said, according to AMAY. 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