{"id":649330,"date":"2017-04-30T04:04:32","date_gmt":"2017-04-30T04:04:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/30\/when-is-the-investment-act-actually-going-to-be-ready\/"},"modified":"2017-04-30T04:04:32","modified_gmt":"2017-04-30T04:04:32","slug":"when-is-the-investment-act-actually-going-to-be-ready","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/30\/when-is-the-investment-act-actually-going-to-be-ready\/","title":{"rendered":"When is the Investment Act actually going to be ready?"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>When is the Investment Act actually going to be ready? Short answer: Nobody knows.<\/strong>Certainly not the good people at the House of Representatives\u2019 Economic Committee, which has been dithering for months on the key bill. Committee members have been giving mixed messages on when they will be done with the law: Amr El Gohary told <a href=\"http:\/\/www.alborsanews.com\/2017\/04\/29\/1016278\">Al Borsa<\/a> that the committee will be done with it today, saying he expects the House to take it up in a plenary session by Wednesday or Thursday, if it doesn\u2019t get sidetracked with discussions on the FY2017-18 budget. Another member, Ahmed Farghal, <a href=\"http:\/\/www.shorouknews.com\/news\/view.aspx?cdate=29042017&id=039cc493-77cc-453a-b1aa-4b5320d9b7eb\">wants to give it another few days<\/a>, while Medhat El Sherif is giving a more realistic answer, telling <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=331868\">Al Mal<\/a> that it would be difficult to know when that is (he gets points for honesty). One thing is certain, they are all blaming the government for the delay, saying that they have been waiting for the Investment Ministry to amend the law based on their recommendations. This coming from MPs who until a week ago had not settled on whether the form they want the bill to take: They appear to have dropped their <a href=\"https:\/\/enterprise.press\/stories\/2017\/04\/20\/the-never-ending-saga-of-the-investment-act-continues\/\">notion of reducing the law further from 99 articles<\/a> after wasting time on and then abandoning a proposal to divide the bill into two.<\/p>\n<p><strong>MPs are promising headway today, with Finance Minister Amr El Garhy set to discuss the <\/strong><strong>bill\u2019s tax incentives <\/strong>with MPs. El Garhy will reportedly be joined by Mohamed Khodeir, the head of the General Authority for Free Zones and Investment. MPs have also promised that they will resolve some of the more contentious aspects of the bill, including articles on settlements with business owners accused of graft.<\/p>\n<p><strong>Investment Minister Sahar Nasr spoke for all of us when <\/strong><a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=331851\"><strong>she urged<\/strong><\/a><strong> the committee to get <\/strong><strong>its [redacted] together<\/strong> and move forward with the law.<\/p>\n<p>Oh, and after nagging the Ismail cabinet to death to give a <strong>10% social welfare raise to <\/strong><strong>bureaucrats not covered by the Civil Service Act, MPs failed to reach quorum<\/strong> for a vote to pass the law on Thursday, <a href=\"http:\/\/www.ahram.org.eg\/News\/202248\/60\/591580\/%D8%A7%D9%84%D9%85%D8%B4%D9%87%D8%AF-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A\/%D9%84%D8%B9%D8%AF%D9%85-%D8%AA%D9%88%D8%A7%D9%81%D8%B1-%D8%A7%D9%84%D9%86%D8%B5%D8%A7%D8%A8-%D8%A7%D9%84%D9%82%D8%A7%D9%86%D9%88%D9%86%D9%89%D8%A7%D9%84%D8%A8%D8%B1%D9%84%D9%85%D8%A7%D9%86-%D9%8A%D8%B1%D8%AC%D9%89%D8%A1-%D8%A7%D9%84%D8%AA%D8%B5%D9%88%D9%8A%D8%AA-%D8%A7.aspx\">Al Ahram<\/a> reports. This comes despite the cabinet <a href=\"http:\/\/www.youm7.com\/story\/2017\/4\/29\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%B5%D8%B1%D9%81-%D8%B9%D9%84%D8%A7%D9%88%D8%A9-%D8%A7%D9%84%D9%8010-%D9%84%D8%BA%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D8%AE%D8%A7%D8%B7%D8%A8%D9%8A%D9%86-%D8%A8%D8%A7%D9%84%D8%AE%D8%AF%D9%85%D8%A9-%D8%A7%D9%84%D9%85%D8%AF%D9%86%D9%8A%D8%A9-%D9%86%D9%87%D8%A7%D9%8A%D8%A9\/3211039\">stating<\/a> that the raise is ready and can be disbursed retroactively at the end of May. Let\u2019s see them pin this one on someone else.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When is the Investment Act actually going to be ready? Short answer: Nobody knows.Certainly not the good people at the House of Representatives\u2019 Economic Committee, which has been dithering for months on the key bill. Committee members have been giving mixed messages on when they will be done with the law: Amr El Gohary told [&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-649330","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4b90aeb9-fe7f-480e-84ff-05af5c1765a0","order":"0","is_powered_by":true,"section_story_id":"585fd938-4f9c-40ca-aaa8-2f49f44c6eef","story_type":"1","photo_url":"","photo_position":"above","related_issue":[649320],"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>When is the Investment Act actually going to be ready? - 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\/30\/when-is-the-investment-act-actually-going-to-be-ready\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"When is the Investment Act actually going to be ready?\" \/>\n<meta property=\"og:description\" content=\"When is the Investment Act actually going to be ready? Short answer: Nobody knows.Certainly not the good people at the House of Representatives\u2019 Economic Committee, which has been dithering for months on the key bill. Committee members have been giving mixed messages on when they will be done with the law: Amr El Gohary told [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/30\/when-is-the-investment-act-actually-going-to-be-ready\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-30T04:04:32+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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/30\/when-is-the-investment-act-actually-going-to-be-ready\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/30\/when-is-the-investment-act-actually-going-to-be-ready\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"When is the Investment Act actually going to be ready?\",\"datePublished\":\"2017-04-30T04:04:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/30\/when-is-the-investment-act-actually-going-to-be-ready\/\"},\"wordCount\":393,\"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\/04\/30\/when-is-the-investment-act-actually-going-to-be-ready\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/30\/when-is-the-investment-act-actually-going-to-be-ready\/\",\"name\":\"When is the Investment Act actually going to be ready? 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The Economic Committee, which is currently hosting Consumer Protection Agency boss Atef\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":648505,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/house-backtracks-on-investment-act-split\/","url_meta":{"origin":649330,"position":1},"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 &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":652079,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/28\/house-gives-preliminary-approval-to-investment-act\/","url_meta":{"origin":649330,"position":2},"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. Committee members expect to finalize their discussions in two weeks\u2019 time before the bill comes up for a vote by the House as a whole\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":598086,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/egypts-investment-act-amendments-get-committee-level-approval\/","url_meta":{"origin":649330,"position":3},"title":"Egypt\u2019s Investment Act amendments get committee-level approval","author":"enterpriseam admin","date":"14 May 2019","format":false,"excerpt":"LEGISLATION WATCH- Companies looking to do follow-on investment could qualify for the same incentives as a new project: The House Economic Committee has greenlit amendments to the Investment Act approved by cabinet in March, Investment Minister Sahar Nasr said, according to Al Masry Al Youm. The changes would add 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":652013,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/house-expects-to-vote-on-investment-act-in-late-march\/","url_meta":{"origin":649330,"position":4},"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 &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":649945,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/investment-act-comes-under-fire-during-discussions\/","url_meta":{"origin":649330,"position":5},"title":"Investment Act comes under fire during discussions","author":"enterpriseam admin","date":"13 March 2017","format":false,"excerpt":"Proposed Investment Act comes under fire during House committee hearing: Abla Abdel Latif, head of the President\u2019s Economic Development Council, and Egyptian Competition Authority chief Mona El Garf leveled criticism at the Investment Act in testimony before the House Economic Committee yesterday, Al Shorouk reports. Abdel Latif said the bill\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\/649330","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=649330"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/649330\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/649320"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=649330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=649330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=649330"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=649330"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=649330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}