Licenses for cars, driver and company required in new Uber, Careem Act: Ride-sharing platforms including Uber and Careem would require multiple licenses and permits under legislation to regulate the industry expected to be proposed by the Ismail government, Al Borsa reports. Ride-sharing companies as well as individual cars and drivers would all need to be separately licensed under the proposed measures. Company officials say the regulations would simply turn their fleets into taxis that can be hailed online instead of networks of independent drivers.

The new law would also outline a new tax framework for the industry, something MP Ahmed Zaidan, a member of a joint committee in the House of Representatives currently reviewing the draft, said would be welcomed by both Uber and Careem. Had the committee members read Enterprise (or stayed awake during hearings with representatives Uber and Careem), they would have remembered that industry leaders — including Careem MD for Egypt Wael Fakharany — have called for amendments to existing executive regulations instead of a new law. Don’t expect the legislation to be ready anytime soon, as Zaidan said that they have to work on other acts before getting to this one.

On a related note, Careem plans to announce the launch of Careem Go and Go Plus services at a press conference scheduled for tomorrow, Al Mal says. The announcement reveals exactly nothing about what the service might be.