{"id":652190,"date":"2017-01-03T04:07:50","date_gmt":"2017-01-03T04:07:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/maglis-al-dowla-could-need-up-to-a-month-to-review-investment-act-source\/"},"modified":"2017-01-03T04:07:50","modified_gmt":"2017-01-03T04:07:50","slug":"maglis-al-dowla-could-need-up-to-a-month-to-review-investment-act-source","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/maglis-al-dowla-could-need-up-to-a-month-to-review-investment-act-source\/","title":{"rendered":"Maglis Al Dowla could need up to a month to review investment act -source"},"content":{"rendered":"<p><strong>We got a bit excited about the prospect of a new investment act, but then the realities of Egyptian bureaucracy hit us:<\/strong> It will take Maglis Al Dowla (the State Council) almost a month to complete its review of the investment act from the date of receiving it \u2014 and it has not officially received it yet, sources told <a href=\"http:\/\/www.alborsanews.com\/2017\/01\/02\/%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A9-%D9%8A%D8%AA%D9%88%D9%82%D8%B9-%D9%85%D8%B1%D8%A7%D8%AC%D8%B9%D8%A9-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA\/\">Al Borsa<\/a>. Maglis Al Dowla is tasked with revising the law and its text prior to presenting it to the House of Representatives to ensure it is drafted unambiguously and that it is not in violation of the constitution. The body would need 2-4 weeks to review the document, the source added. To save time, Investment Minister Dalia Khorshid said the Ministry will not wait for Maglis Al Dowla to complete its review, but will begin drafting the law\u2019s executive regulations straight away.<\/p>\n<p>Procedurally, however, <strong>the law cannot be introduced to the House before Maglis Al Dowla finishes its work<\/strong> \u2014 a number of laws were struck down during the later years of the Mubarak era for having been passed by what was then known as the People\u2019s Assembly without advice and consent of the State Council.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We got a bit excited about the prospect of a new investment act, but then the realities of Egyptian bureaucracy hit us: It will take Maglis Al Dowla (the State Council) almost a month to complete its review of the investment act from the date of receiving it \u2014 and it has not officially received [&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-652190","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f97f60d5-a08d-48ec-ad54-9101c4e88c99","order":"0","is_powered_by":true,"section_story_id":"e7169463-0b06-4c77-a0b9-a22e46ef14d1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[652177],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Investment 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":651964,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/26\/maglis-al-dowla-proposes-amendments-to-vat-regulations-that-could-see-further-amendments-to-the-law\/","url_meta":{"origin":652190,"position":1},"title":"Maglis Al Dowla proposes amendments to VAT regulations that could see further amendments to the law","author":"enterpriseam admin","date":"26 February 2017","format":false,"excerpt":"Could the government be forced to amend the value-added tax act? The executive regulations governing the value-added tax (VAT) may not be handed down as fast as Deputy Finance Minister Amr El Monayer had hoped: Maglis Al Dowla (the State Council) has concluded its review and says it has 30\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":653075,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/29\/investment-act-will-be-with-the-house\/","url_meta":{"origin":652190,"position":2},"title":"Investment Act will be with the House","author":"enterpriseam admin","date":"29 January 2017","format":false,"excerpt":"In other legislative news, the Egyptian Council of State (Maglis El Dowla) has completed reviewing the Investment Act and will be passing it on to Parliament its way to parliament for approval, Al Borsa reports. The act is part of a bundle of laws the Maglis plans to send out\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":651125,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/05\/egyptian-council-of-state-concludes-review-of-investment-act\/","url_meta":{"origin":652190,"position":3},"title":"Egyptian Council of State concludes review of Investment Act","author":"enterpriseam admin","date":"5 February 2017","format":false,"excerpt":"The new Investment Act has been reviewed by the Egyptian Council of State (Maglis El Dowla) and is back with the cabinet to make the Maglis\u2019 recommended amendments before going up for a vote at the House of Representatives \u201csoon\u201d, Al Borsa reports. While she didn\u2019t get into any of\u2026","rel":"","context":"In &quot;Legislation + Policy&quot;","block_context":{"text":"Legislation + Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":653218,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/31\/civil-service-act-executive-regulations-transferred-to-council-of-state-for-review\/","url_meta":{"origin":652190,"position":4},"title":"Civil Service Act executive regulations transferred to Council of State for review","author":"enterpriseam admin","date":"31 January 2017","format":false,"excerpt":"The Planning Ministry has sent the executive regulations of the Civil Service Act to the Egyptian Council of State (Maglis El Dowla) for review ahead of implementation, an unnamed source told Al Borsa reported. 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Eissa will take time off to focus more on his writing, according to a statement carried by Al Masry Al Youm. 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