{"id":651913,"date":"2017-02-23T04:07:15","date_gmt":"2017-02-23T04:07:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/23\/house-to-vote-on-compensation-act-next-week-el-sewedy\/"},"modified":"2017-02-23T04:07:15","modified_gmt":"2017-02-23T04:07:15","slug":"house-to-vote-on-compensation-act-next-week-el-sewedy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/23\/house-to-vote-on-compensation-act-next-week-el-sewedy\/","title":{"rendered":"House to vote on compensation act next week -El Sewedy"},"content":{"rendered":"<p><strong>The House of Representatives will be voting on the Compensation Act at a plenary session next week, <\/strong>MP and Federation of Egyptian Industries Chief Mohamed El Sewedy said, <a href=\"http:\/\/www.alborsanews.com\/2017\/02\/22\/%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%AF%D9%8A-%D9%85%D9%86%D8%A7%D9%82%D8%B4%D8%A9-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%AA%D8%B9%D9%88%D9%8A%D8%B6-%D8%A7%D9%84%D9%85%D9%88%D8%B1%D8%AF%D9%8A%D9%86\/\">according to Al Borsa<\/a>. The remarks come <a href=\"https:\/\/enterprise.press\/stories\/2017\/02\/22\/contractors-threaten-to-suspend-work-if-contractors-compensation-act-does-not-pass-swiftly\/\">one day after<\/a> contractors threatened to suspend work on government projects until the legislation \u2014 which would compensate suppliers and contractors for FX losses incurred after the float and has been in the works since December \u2014 is enforced. The bill is now being reviewed by Egypt\u2019s State Council.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The House of Representatives will be voting on the Compensation Act at a plenary session next week, MP and Federation of Egyptian Industries Chief Mohamed El Sewedy said, according to Al Borsa. The remarks come one day after contractors threatened to suspend work on government projects until the legislation \u2014 which would compensate suppliers and [&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-651913","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"bbade28e-f5a7-4b3c-a77a-f485d5c04ae3","order":"0","is_powered_by":true,"section_story_id":"cf19624e-5131-432a-9ccb-ae48e3db4977","story_type":"1","photo_url":"","photo_position":"above","related_issue":[651900],"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>House to vote on compensation act next week -El Sewedy - 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\/02\/23\/house-to-vote-on-compensation-act-next-week-el-sewedy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House to vote on compensation act next week -El Sewedy\" \/>\n<meta property=\"og:description\" content=\"The House of Representatives will be voting on the Compensation Act at a plenary session next week, MP and Federation of Egyptian Industries Chief Mohamed El Sewedy said, according to Al Borsa. The remarks come one day after contractors threatened to suspend work on government projects until the legislation \u2014 which would compensate suppliers and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/23\/house-to-vote-on-compensation-act-next-week-el-sewedy\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-23T04:07:15+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/23\/house-to-vote-on-compensation-act-next-week-el-sewedy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/23\/house-to-vote-on-compensation-act-next-week-el-sewedy\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"House to vote on compensation act next week -El Sewedy\",\"datePublished\":\"2017-02-23T04:07:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/23\/house-to-vote-on-compensation-act-next-week-el-sewedy\/\"},\"wordCount\":93,\"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\/02\/23\/house-to-vote-on-compensation-act-next-week-el-sewedy\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/23\/house-to-vote-on-compensation-act-next-week-el-sewedy\/\",\"name\":\"House to vote on compensation act next week -El Sewedy - 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Media reports last week 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":645531,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/housing-ministry-to-issue-immediate-10-downpayment-on-compensation-to-contractors\/","url_meta":{"origin":651913,"position":1},"title":"Housing Ministry to issue immediate 10% downpayment on compensation to contractors","author":"enterpriseam admin","date":"24 July 2017","format":false,"excerpt":"Housing Ministry to issue immediate 10% downpayments on compensation to contractors: Contractors being compensated for losses incurred on government contracts after the EGP float receive 10% downpayments until the committee tasked with repricing their contracts can complete its work, Housing Minister Mostafa Madbouly decided on Thursday, according to Al Mal.\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":649946,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/egyptian-contractors-could-escalate-outcry-against-delays-in-compensation-act\/","url_meta":{"origin":651913,"position":2},"title":"Egyptian Contractors could escalate outcry against delays in Compensation Act","author":"enterpriseam admin","date":"13 March 2017","format":false,"excerpt":"Contractors are losing their minds over what they see as \u201cdelays\u201d in the House of Representatives passing a bill meant to compensate them for losses on government contracts incurred as a result of the float of the EGP. The bill \u2014 the text of which we are yet to see\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":645173,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/president-signs-contractors-compensation-act-into-law\/","url_meta":{"origin":651913,"position":3},"title":"President signs Contractors\u2019 Compensation Act into law","author":"enterpriseam admin","date":"13 July 2017","format":false,"excerpt":"Good news contractors, the Contractors\u2019 Compensation Act was signed into law: President Abdel Fattah El Sisi signed the Contractors\u2019 Compensation Act into law yesterday, AMAY reports. The bill\u2019s executive regulations should be ready within a month, will compensate contractors for losses incurred as a result of the EGP float and\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":651884,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/22\/contractors-threaten-to-suspend-work-if-contractors-compensation-act-does-not-pass-swiftly\/","url_meta":{"origin":651913,"position":4},"title":"Contractors threaten to suspend work if Contractor\u2019s Compensation Act does not pass swiftly","author":"enterpriseam admin","date":"22 February 2017","format":false,"excerpt":"Contractors are threatening to suspend projects for the government if it does not speed up passing the Contractor\u2019s Compensation Act, Egyptian Federation for Construction and Building Contractors head Hassan Abdel Aziz tells Al Borsa. 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