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Parliament approves cybercrimes law

A plenary session of parliament, chaired by Speaker Ali Abdel Aal, approved the cybercrimes law on Tuesday. Parliament rejected a proposal to amend the second and 24th article during the discussion. After the debate, Abdel Aal announced a final vote on the bill, after which he announced the house’s approval, with a single rejection. The …

Daily News Egypt

Parliament approves FY 2018/2019 budget

The Egyptian Parliament approved on Tuesday the fiscal year 2017/2018 general budget with a total expenditure of up to EGP 1.4tn and expected revenues of EGP 938bn. The budget deficit reached 8.4%, while the growth rate stood at 5.8%, driven by new employment opportunities provided by private sector investments, amounting to about 850,000 jobs. MP …

Egypt’s tourism revenues do not match existing resources: MP

MP Mohamed Abdo said that tourism revenues in Egypt are still small and do not equate to the industry’s potential and resources. Abdo added that the sector includes many negatives to be solved, especially the congestion at Cairo International Airport, which he said harms the sector at home and abroad. Abdo urged holding a meeting …

Daily News Egypt

Parliament approves law designating IDA independent economic body

Parliament approved a law designating the Industrial Development Authority (IDA) an independent body capable of meeting the needs of the industrial sector in Egypt, increasing investment opportunities, and pushing growth indicators to growth during the coming period The law stipulates that the IDA shall be a public economic entity that is legally independent. It shall …

Daily News Egypt

Parliament’s communications committee approves cybercrimes bill

The Egyptian Parliament’s communications and IT committee approved on Monday a 45-article cybercrime bill in preparation for its discussion in a plenary session. Head of the committee, Nidal El-Said, said that the committee approved all the articles of the law, including articles 30 and 37, which were deferred. He added that the committee is now …

Daily News Egypt

3 articles disrupt parliament’s passage of ride-hailing apps law

Parliament’s transportation, economic affairs, national security, and communication committees all approved the bill presented by the cabinet on Thursday to regulate ride-hailing smartphone applications, which targets, mainly, companies such as Uber and Careem. Yet, three articles hindered the final approval. This came after a meeting that lasted for five hours at the Egyptian Parliament’s headquarters …

Daily News Egypt