{"id":667812,"date":"2025-07-03T00:00:00","date_gmt":"2025-07-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/03\/house-passes-old-rent-act-amendments-in-final-vote\/"},"modified":"2025-07-03T00:00:00","modified_gmt":"2025-07-03T00:00:00","slug":"house-passes-old-rent-act-amendments-in-final-vote","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/03\/house-passes-old-rent-act-amendments-in-final-vote\/","title":{"rendered":"House passes Old Rent Act amendments in final vote"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends, and happy weekend. <\/strong>We\u2019ve got an extra day at our disposal this weekend, and we\u2019d suggest using it wisely \u2014 P.S. Staying in and getting some rest is a wise choice as well. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>If you find yourself heading up north, however, <\/strong>we have a few suggestions on pocket-friendly gadgets you might want to take with you. From life-saving battery packs to beach-friendly speakers, this week\u2019s guide is all about keeping you powered, connected, and fully in the moment.<\/p>\n<p class=\"tag-border-left\"> LAST <strong>WEEK <\/strong>IN 3 MINS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>House passes Old Rent Act amendments in final vote: <\/strong>The House of Representatives has given its final approval to controversial amendments to overhaul decades-old rent law, despite pushback from several MPs over the article setting a transitional period to vacate residential units. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The law sets a seven-year transitional period for residential units<\/strong> and five years for non-residential units rented by individuals. After the transition, tenants must vacate the property, with all old rent regulations scrapped at the end of the period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cOld rent\u201d will see steep increases in the transitional period: <\/strong><\/p>\n<ul>\n<li>Residential units in \u201cpremium\u201d areas: 20x the current \u201cold rent\u201d, with a minimum of EGP 1k per month.<\/li>\n<li>Residential units in \u201cmiddle-income\u201d areas: 10x current rents, minimum EGP 400.<\/li>\n<li>Residential units in \u201clower-income\u201d areas: 10x current rents, minimum EGP 250.<\/li>\n<li>Non-residential units rented by individuals, the increase is set at 5x current rents.<\/li>\n<li>Rents will continue to rise 15% each year throughout the transitional period, whether for residential or non-residential purposes.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WHAT'S NEXT- <\/strong>The bill will be passed to President Abdel Fattah El Sisi to sign into law.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IPO WATCH-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bonyan to kick off IPO this Sunday: <\/strong>Real estate investment firm Bonyan is looking to raise EGP 1.8 bn through the sale of a 20\u201321.94% stake in its IPO, which will open for subscription on Sunday, 6 July, according to its IPO prospectus. The indicative price range has been set at EGP 4.96\u20135.44 per share, while the independent financial advisor has valued the stock at a fair value of EGP 7.52 a pop. Subscriptions for both the retail and institutional tranches will begin Sunday. The private placement will close on 10 July, while the retail offering will close on 15 July. The debut price will be announced on 11 July.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>TAX- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>VAT amendments approved: <\/strong>The House of Representatives <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8f42067c-d0e3-4c25-8ec8-cd5cd9e0f444\/\" style=\"\" rel=\"noopener\">gave its final approval<\/a> to the government-drafted bill amending the VAT Law. The amendments will impose a 10% tax on crude oil, apply the standard 14% VAT to construction and contracting services, and raise taxes on cigarettes and alcoholic beverages, helping the government bring in an additional EGP 200 bn in tax revenues.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ECONOMY-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The economy <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c2a009e9-fa81-4c71-8ade-c1ea57a8e2d6\/\" style=\"\" rel=\"noopener\">grew 4.8%<\/a><\/strong><strong> in 3Q FY 2024-2025, more than doubling from the 2.2% <\/strong><strong>recorded during the same period last year<\/strong>, marking its strongest quarterly performance in three years. Average growth for the first nine months of the fiscal year rose to 4.2% y-o-y, up from 2.4% y-o-y a year earlier.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Fifth review postponed? <\/strong>The IMF is considering <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0f9250d5-02be-49aa-ad04-040152c81c28\/\" style=\"\" rel=\"noopener\">merging its fifth and sixth reviews<\/a> for our USD 8 bn loan program due to slow progress on structural reforms, potentially delaying the next USD 1.2 bn disbursement by up to six months<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ENERGY-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Israeli natural gas exports to Egypt have <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ef7d6185-8a34-4af6-8364-4618433c4f2a\/\" style=\"\" rel=\"noopener\">increased<\/a><\/strong> <strong> to 650-750 mn cubic feet per <\/strong><strong>day (mcf\/d) starting this week. <\/strong>After Israel <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/72e53b93-0e7f-403c-94fa-ea84ae7eb016\/\" style=\"\" rel=\"noopener\">restarted Egypt-bound exports<\/a> with the reopening of its Leviathan gas field on Wednesday, limited exports only amounted to less than 200 mcf\/d and were expected to gradually rise to 850 mcf\/d over the coming two months.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- No more electricity discounts for industry?<\/strong> The government will <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ee3fbe74-6ebd-4b33-90cb-9e795c48c310\/\" style=\"\" rel=\"noopener\">cancel five-year-old<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ee3fbe74-6ebd-4b33-90cb-9e795c48c310\/\" style=\"\" rel=\"noopener\">electricity price breaks<\/a> for industry players on extra-high, high, and medium voltages starting 1 July. The move comes amid Egypt\u2019s rising reliance on costly LNG imports that are pushing up the country\u2019s import bill.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>INVESTMENT-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- El Khatib\u2019s time in Shanghai bears fruit:<\/strong> Chinese players, across sectors, expressed their interest in pouring <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d8f97660-e35c-4ef2-a940-8133319caec1\/\" style=\"\" rel=\"noopener\">fresh investments<\/a> into the local market during meetings with Investment Minister Hassan El Khatib in Shanghai. Among these plans:<\/p>\n<ul>\n<li><strong>From textile players:<\/strong> Zhejiang Holding is planning to invest an initial USD 20 mn in Egypt\u2019s garment and textile sector, while Jiangsu Haite Fashion wants to build a USD 20 mn garment factory.<\/li>\n<li><strong>Beyond textile:<\/strong> Stationery manufacturer Deli Group has requested additional land to expand its operations with a new paper printing machine production line.<\/li>\n<li><strong>In the energy sector: <\/strong>Zhongman Petroleum and Natural Gas Group discussed prospects in oil and gas exploration and drilling services. Longi Green Energy reviewed cooperation possibilities for solar panel manufacturing and renewable energy technology transfer.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- The Arab Organization for Industrialization (AOI) and China\u2019s Xingaoyi Medical <\/strong><strong>Equipment (XGY) will <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1890f4f2-501c-49f7-9d7d-2964bfca330b\/\" style=\"\" rel=\"noopener\">develop a USD 100 mn medical equipment factory<\/a><\/strong><strong>.<\/strong> A new entity, the Arab-Chinese Medical Industries Company, will be established by both parties to manage their partnership and the construction of the factory.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WHAT\u2019S HAPPENING NEXT WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/329.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Here are the key <\/strong><strong>news triggers<\/strong><strong> to keep your eyes on next week:<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Brics assemble. <\/strong>The annual Brics Summit is taking place on 6-7 July in Brazil\u2019s Rio de Janeiro, marking the first time the bloc of nations has met since US President Donald Trump returned to the White House. Some of the Trump administration\u2019s most punitive tariffs have been focused on Brics members; Trump even threatened tariffs of 100% or 150% if the bloc attempted to launch a common currency or undermine the USD\u2019s status as the global reserve currency.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Rate pause or a third consecutive cut?<\/strong> The central bank\u2019s Monetary Policy Committee (MPC) is holding its fourth policy meeting of the year on Thursday, 10 July to review rates. The MPC <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2a14e89a-ecd2-4279-9309-ff06b2750da5\/cbe-cuts-rates-for-second-time-amid-easing-inflationary-pressures\" style=\"\" rel=\"noopener\">cut interest rates by 100 bps<\/a> in its last meeting.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Is inflation still on the rise?<\/strong> The business community and policymakers will have their eyes on June\u2019s inflation figures due on Thursday, 10 July after headline inflation <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60a7ec8a-ee91-4218-87ea-b61ce895af10\/egypt%E2%80%99s-inflation-rises-once-again-in-may-to-reach-16.8%25\" style=\"\" rel=\"noopener\">ticked up for the third month running<\/a> to 16.8% in May. Some analysts are already expecting inflation to rise again on the back of fuel price hikes.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- Fingers crossed for the non-oil private sector moving back into the green<\/strong>. S&P Global will release its PMI report measuring non-oil private sector activity for June on Sunday, 7 July. There\u2019s reason to be hopeful, with the S&P\u2019s last report showing the country\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/482fb374-7c83-4234-9457-0a92694f6dfc\/egypt%E2%80%99s-non-oil-private-sector-activity-inches-closer-to-the-green-in-may\" style=\"\" rel=\"noopener\">headline figure for May rising<\/a> to just 0.5 percentage points shy of the 50.0 mark threshold separating contraction from growth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AROUND THE WORLD IN SEVEN DAYS- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/191.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US President Donald <\/strong><strong>Trump\u2019s \u201cbig, beautiful bill\u201d is still getting plenty of play<\/strong> as the House races to vote ahead of Trump\u2019s Friday deadline. House Speaker Mike Johnson said he expects the vote to take place later today, though many are still unhappy with the USD 3.4 tn deficit it adds to the US\u2019 ballooning debt, while others are concerned about cuts to healthcare programs. The bill includes a trove of tax cuts, immigration measures, and a phase-out of clean energy subsidies. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-big-beautiful-bill-live-updates-2025-07-02\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-07-02\/gop-resistance-softens-as-trump-presses-house-on-tax-package?srnd=homepage-middle-east&embedded-checkout=true\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/policy\/house-republicans-threaten-to-sink-trumps-megabill-66cd241d?mod=hp_lead_pos1\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c13e38c0-90c0-4647-8e2e-520fd923bbd8\" style=\"\" rel=\"noopener\">Financial Times<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CLOSER TO HOME- <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0f9250d5-02be-49aa-ad04-040152c81c28\/\" style=\"\" rel=\"noopener\">Israel has agreed<\/a><\/strong><strong> to a proposal for a 60-day ceasefire in Gaza<\/strong>, Trump said. The ceasefire will be used as a period during which \u201cwe will work with all parties to end the war,\u201d Trump said, while urging Hamas to accept the agreement, warning that \u201cthings will only get worse\u201d if it does not. This comes ahead of Israeli Prime Minister Benjamin Netanyahu\u2019s upcoming visit to Washington on Monday, and following an escalation of violence that has killed hundreds in the past day alone. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Hamas indicated that it is <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/pm\/4440be8c-e77d-4fd9-aeb3-9f646cb06294\/my-way-or-the-highway\" style=\"\" rel=\"noopener\">open to a ceasefire agreement<\/a><\/strong> <strong> with Israel but maintained <\/strong><strong>its core demand for a complete end to the war in Gaza. <\/strong>The group is \u201cready and serious regarding reaching an agreement,\u201d Hamas official Taher Al Nunu said, adding that it would \u201caccept any initiative that clearly leads to the complete end to the war.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- Israel\u2019s attack on Tehran\u2019s Evin Prison last week <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ef7d6185-8a34-4af6-8364-4618433c4f2a\/israel-ramps-up-natural-gas-exports-to-egypt\" style=\"\" rel=\"noopener\">killed 71 people<\/a><\/strong><strong>.<\/strong> The prison holds political prisoners and foreigners, marking a shift from Israel\u2019s attacks on military and nuclear sites. Victims included administrative staff, military conscripts, detainees, visiting family members, and nearby residents.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And the US and G7 members <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ee3fbe74-6ebd-4b33-90cb-9e795c48c310\/\" style=\"\" rel=\"noopener\">agreed to create a \u201cside-by-side solution\u201d<\/a><\/strong> under which US companies would be exempt from parts of the global minimum tax agreement. In return, Washington will scrap a retaliatory tax provision in Trump\u2019s tax and spending bill. The new \u201cside-by-side\u201d system recognizes existing US minimum tax laws and aims to stabilise the global tax framework. The agreement follows Trump\u2019s January executive order withdrawing the US from the Biden-era global minimum tax deal and threatening retaliatory taxes on countries taxing US firms under the 2021 agreement.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">\u2600\ufe0f THE WEATHER THIS WEEKEND- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>If you\u2019re staying in the capital, brace yourself for a <\/strong><strong>hot weekend<\/strong>, with temperatures reaching highs of 37-38\u00b0C and lows of 23\u00b0C. Up North, it\u2019s cool weather all around. Temperatures across the North Coast will peak at just 27\u00b0C over the weekend, and will slightly cool down to 24-25\u00b0C at night, according to our favorite weather app. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING THIS WEEKEND-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Comic book aficionados, this one\u2019s for you. <\/strong>Running from today until Saturday, 5 July, the third edition of <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DLVOrIMim5E\/?hl=en\" style=\"\" rel=\"noopener\">Comixandria<\/a> is taking place at the Jesuit Cultural Center in Alexandria. From storytelling workshops to book signings and exhibitions, Comixandria has everything for everyone who lives and breathes comic books. Check out the full event itinerary on Comixandria\u2019s <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/comixandria.festival\/?hl=en\" style=\"\" rel=\"noopener\">Instagram<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You know what you need? A stand-up comedy night.<\/strong> Tomorrow, <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DLNKV9zNG8H\/?hl=en\" style=\"\" rel=\"noopener\">Cairo Comedy<\/a><a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DLNKV9zNG8H\/?hl=en\" style=\"\" rel=\"noopener\">Club<\/a> \u2019s Boudy Magdy, Khalid El Shoky, Omar Kint, and Islam Amin will be bringing both the jokes and the chaos to Downtown Cairo\u2019s El Rihany Theatre. If you\u2019re down to have some fun, grab your tickets from <a target=\"_blank\" href=\"https:\/\/www.ticketsmarche.com\/event\/6900\" style=\"\" rel=\"noopener\">Ticketsmarch\u00e9<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Up for a treasure hunt?<\/strong> Tomorrow and Saturday, 5 July, Maadi\u2019s Darb 15 will be hosting a <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DLGIMjhtxnP\/?hl=en&img_index=1\" style=\"\" rel=\"noopener\">garage sale<\/a> brimming with fashion pieces looking for a new home. The sale will run from 12pm to 10pm on both days, and we\u2019d suggest getting there fast if you plan on digging for gold. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Marassi is throwing a season-long music festival, and you won\u2019t want to miss out. <\/strong>Kicking off on Saturday, 5 July, the North Coast hotspot will be bringing some of the region\u2019s biggest names to the stage for the 2025 <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DLLEFnZo7a8\/?hl=en\" style=\"\" rel=\"noopener\">Marassi Festival<\/a> at The Address Beach Resort. Think Ruby, Amal Maher, Nancy Ajram, and more. This Saturday, <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DLXZGLyo2dE\/?hl=en\" style=\"\" rel=\"noopener\">Bahaa Sultan<\/a> and <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DLXT5YGIG5Z\/?hl=en\" style=\"\" rel=\"noopener\">Ramy Sabry<\/a> will be setting the festival in motion. Tickets can be purchased through <a target=\"_blank\" href=\"https:\/\/www.ticketsmarche.com\/event\/6931\" style=\"\" rel=\"noopener\">Ticketsmarch\u00e9<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING NEXT WEEKEND-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ready to face a quadruple threat?<\/strong> On Friday, 11 July at Marina\u2019s Roman Theatre, <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DLDB5PvoKUK\/?hl=en\" style=\"\" rel=\"noopener\">iconic<\/a><a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DLDB5PvoKUK\/?hl=en\" style=\"\" rel=\"noopener\">pop stars<\/a> Mohamed Fouad, Ehab Tawfik, Hamid El Shaeri, and Hesham Abbas will be bringing the heat to the North Coast as part of the Tiatro Romano Summer 2025 Festival. Oh, you\u2019re humming 2000s hits already? Head to <a target=\"_blank\" href=\"https:\/\/www.ticketsmarche.com\/event\/6899\" style=\"\" rel=\"noopener\">Ticketsmarch\u00e8<\/a> to secure your spot. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Did that trip to Ibiza not make it out of the group chat? Well, you\u2019re in luck. <\/strong><a target=\"_blank\" href=\"https:\/\/www.instagram.com\/paradiseibiza\/\" style=\"\" rel=\"noopener\">Paradise<\/a><a target=\"_blank\" href=\"https:\/\/www.instagram.com\/paradiseibiza\/\" style=\"\" rel=\"noopener\">Ibiza<\/a> \u2014 one of the Mediterranean island\u2019s most celebrated party series \u2014 is marching to the beat of its own EDM drum all the way to the North Coast\u2019s <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DK1kbYntqOk\/\" style=\"\" rel=\"noopener\">Solare<\/a> in Ras El Hekma on Friday, 11 July. The line up includes Welsh DJ <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/jamiejonesmusic\/?hl=en\" style=\"\" rel=\"noopener\">Jamie Jones<\/a> (the brains behind Paradise), US DJ <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/stroxler\/?hl=en\" style=\"\" rel=\"noopener\">Seth Troxler<\/a>, UK\u2019s <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/eastenddubs\/?hl=en\" style=\"\" rel=\"noopener\">East End Dubs<\/a>, Danish-Filipino <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/mandamoor\/?hl=en\" style=\"\" rel=\"noopener\">Manda Moor<\/a>, and Egypt\u2019s own <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/youssefawadly\/\" style=\"\" rel=\"noopener\">Awadly<\/a>. Tickets are yet to be announced, however we\u2019d suggest keeping an eye out on Paradise Ibiza\u2019s <a target=\"_blank\" href=\"https:\/\/paradise.live\/event\/paradise-egypt-3\/\" style=\"\" rel=\"noopener\">website<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Marassi\u2019s music festival is going strong<\/strong>, and on Saturday, 12 July, Egyptian singer <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DLXSzETo-S4\/?hl=en&img_index=4\" style=\"\" rel=\"noopener\">Amal<\/a><a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DLXSzETo-S4\/?hl=en&img_index=4\" style=\"\" rel=\"noopener\">Maher<\/a> and Lebanese singer <a target=\"_blank\" href=\"https:\/\/www.instagram.com\/p\/DLXSzETo-S4\/?hl=en&img_index=5\" style=\"\" rel=\"noopener\">Walid Toufic<\/a> will be lighting up the stage at The Address Beach Resort. Tickets can be purchased through <a target=\"_blank\" href=\"https:\/\/www.ticketsmarche.com\/event\/6932\" style=\"\" rel=\"noopener\">Ticketsmarch\u00e8<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, friends, and happy weekend. We\u2019ve got an extra day at our disposal this weekend, and we\u2019d suggest using it wisely \u2014 P.S. Staying in and getting some rest is a wise choice as well. If you find yourself heading up north, however, we have a few suggestions on pocket-friendly gadgets you might want [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":667813,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7287],"tags":[6653,180,69,6654],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-667812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-week-in-review","tag-enterprise-weekend","tag-legislation","tag-tax","tag-the-week-in-review","wpautop","entry"],"acf":{"mongo_id":"b4af8444-ffef-4cef-a208-606943b42462","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/7\/196.jpg","photo_position":"above","homepage_title":"","full_issue_title":"House passes Old Rent Act amendments in final vote","related_issue":[667810],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.d8364d5e-028a-48a2-9a54-ef7b129bff73.mp3"},"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 passes Old Rent Act amendments in final vote - 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\/2025\/07\/03\/house-passes-old-rent-act-amendments-in-final-vote\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House passes Old Rent Act amendments in final vote\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends, and happy weekend. We\u2019ve got an extra day at our disposal this weekend, and we\u2019d suggest using it wisely \u2014 P.S. Staying in and getting some rest is a wise choice as well. If you find yourself heading up north, however, we have a few suggestions on pocket-friendly gadgets you might want [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/03\/house-passes-old-rent-act-amendments-in-final-vote\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-03T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/196.jpg?fit=%2C&ssl=1\" \/>\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=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/03\/house-passes-old-rent-act-amendments-in-final-vote\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/03\/house-passes-old-rent-act-amendments-in-final-vote\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"House passes Old Rent Act amendments in final vote\",\"datePublished\":\"2025-07-03T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/03\/house-passes-old-rent-act-amendments-in-final-vote\/\"},\"wordCount\":1974,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/03\/house-passes-old-rent-act-amendments-in-final-vote\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/7\/196.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Enterprise Weekend\",\"legislation\",\"tax\",\"THE WEEK IN REVIEW\"],\"articleSection\":[\"THE WEEK IN REVIEW\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/03\/house-passes-old-rent-act-amendments-in-final-vote\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/03\/house-passes-old-rent-act-amendments-in-final-vote\/\",\"name\":\"House passes Old Rent Act amendments in final vote - 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failing to provide crucial data","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2514.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":610033,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/14\/amendments-to-the-smes-child-act\/","url_meta":{"origin":667812,"position":1},"title":"Amendments to the SMEs + Child Act","author":"enterpriseam admin","date":"14 November 2023","format":false,"excerpt":"House grants final approval to amendments to the 2020 SMEs law","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION 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amendments to the Administrative Prosecution Authority Act and the\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":621849,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/19\/mineral-resources-act-sent-to-house-for-review\/","url_meta":{"origin":667812,"position":3},"title":"Mineral Resources Act sent to House for review","author":"enterpriseam admin","date":"19 November 2018","format":false,"excerpt":"LEGISLATION WATCH- Amendments to Mineral Resources Act sent to House: The government has sent long-awaited draft amendments to the Mineral Resources Act to the House of Representatives for review, Oil Minister Tarek El Molla said. El Molla reiterated that the amendments were made primarily to draw investments in the flagging\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\/2020\/1\/627.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603263,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/mps-vote-overwhelmingly-in-favor-of-constitutional-amendments\/","url_meta":{"origin":667812,"position":4},"title":"MPs vote overwhelmingly in favor of constitutional amendments","author":"enterpriseam admin","date":"17 April 2019","format":false,"excerpt":"We\u2019re going to vote next week on a new constitution after House passes proposed changes: The House of Representatives has overwhelmingly voted in favor yesterday of a package of constitutional amendments that will extend presidential terms and reinstate the upper house of parliament if approved in a national referendum, Youm7\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\/2020\/1\/662.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543893,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/23\/a-busy-day-in-the-house-gives-us-future-flow-securitization-new-eviction-rules\/","url_meta":{"origin":667812,"position":5},"title":"A busy day in the House gives us future flow securitization, new eviction rules","author":"enterpriseam admin","date":"23 February 2022","format":false,"excerpt":"Say hello to future flow securitization: The House of Representatives\u2019 general assembly gave its final approval yesterday to amendments to the Capital Markets Act that will introduce future flow securitization, according to Al Borsa. Cabinet approved the amendments necessary to create the capital-raising tool in November after the Financial Regulatory\u2026","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"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\/667812","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=667812"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/667812\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/weekend\/667810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/667813"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=667812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=667812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=667812"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=667812"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=667812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}