{"id":649048,"date":"2017-04-20T04:06:08","date_gmt":"2017-04-20T04:06:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/20\/the-never-ending-saga-of-the-investment-act-continues\/"},"modified":"2017-04-20T04:06:08","modified_gmt":"2017-04-20T04:06:08","slug":"the-never-ending-saga-of-the-investment-act-continues","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/20\/the-never-ending-saga-of-the-investment-act-continues\/","title":{"rendered":"The never ending saga of the Investment Act continues"},"content":{"rendered":"

The never-ending saga of the Investment Act continues: <\/strong>The old adage that a camel is a horse designed by committee comes to mind this morning as we look for clarity on what the House of Representatives is doing with the Ismail government\u2019s draft Investment Act. Approval by the House Economics Committee appears to be dragging on thanks to debates over semantics: It now appears that the committee is debating to reduce the number of articles in the law to under 60 from 99, ostensibly to make it easier for investors. (That\u2019s the same justification MPs had earlier used when they wanted to split the act into two separate pieces of legislation.) The proposal carries favor with the Support Egypt Coalition leader and head of the Federation of Egyptian Industries Mohamed El Sewedy, parliamentary sources tell Al Borsa<\/a>. There is no clear explanation on which articles might be cut or why. The vote to approve the act, which was supposed to have taken place last month, has now once again been pushed to next week. Also still unclear this morning: <\/strong>Whether MPs are inclined to allow the establishment of private-sector-run free zones.<\/p>\n","protected":false},"excerpt":{"rendered":"

The never-ending saga of the Investment Act continues: The old adage that a camel is a horse designed by committee comes to mind this morning as we look for clarity on what the House of Representatives is doing with the Ismail government\u2019s draft Investment Act. Approval by the House Economics Committee appears to be dragging […]<\/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-649048","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a95daef3-f287-4d34-bfec-b8590ad92928","order":"0","is_powered_by":true,"section_story_id":"a1669ae2-6c59-46ca-bcc4-20bfeca45ada","story_type":"1","photo_url":"","photo_position":"above","related_issue":[649039],"teaser":"","voice_url":""},"yoast_head":"\nThe never ending saga of the Investment Act continues - 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\/20\/the-never-ending-saga-of-the-investment-act-continues\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The never ending saga of the Investment Act continues\" \/>\n<meta property=\"og:description\" content=\"The never-ending saga of the Investment Act continues: The old adage that a camel is a horse designed by committee comes to mind this morning as we look for clarity on what the House of Representatives is doing with the Ismail government\u2019s draft Investment Act. 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The changes would add a\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":652013,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/house-expects-to-vote-on-investment-act-in-late-march\/","url_meta":{"origin":649048,"position":1},"title":"House expects to vote on Investment Act in late March","author":"enterpriseam admin","date":"27 February 2017","format":false,"excerpt":"House to vote on Investment Act by end of March: The House of Representatives\u2019 Economic Committee expects to bring the Investment Act to a vote before the House as a whole by the end of March, committee chair Amr Ghallab tells Al Borsa. Investment and International Cooperation Minister Sahar Nasr\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":648505,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/house-backtracks-on-investment-act-split\/","url_meta":{"origin":649048,"position":2},"title":"House backtracks on Investment Act split","author":"enterpriseam admin","date":"5 April 2017","format":false,"excerpt":"Is the House Economic Committee backtracking on its (nonsensical in the first instance) decision to split the proposed Investment Act in two? The House of Representatives\u2019 Economic Committee decided against splitting the Investment Act into two separate bills, MP Mohamed Saad Badrawy tells Al Borsa. The committee concluded its review\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":652079,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/28\/house-gives-preliminary-approval-to-investment-act\/","url_meta":{"origin":649048,"position":3},"title":"House gives preliminary approval to Investment Act","author":"enterpriseam admin","date":"28 February 2017","format":false,"excerpt":"The House of Representatives\u2019 Economic Committee gave a preliminary nod to theInvestment Act on Monday during its first session debating the bill, Al Mal reports. 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