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Tuesday, 19 July 2016

What we’re tracking on 19 July 2016

Finance Minister Amr El Garhy is expected to announce new details on the proposed value-added tax and his discussions with the House Budget and Planning Committee at a press conference today. El Garhy is also scheduled to give a talk at a Canada-Egypt Business Council seminar today discussing challenges and opportunities for investors, Youm7 reported on Monday. Banque Misr Chairman Mohamed El Etreby is also due to attend. We have more on the VAT in our Spotlight section, below.

The House of Representatives voted in favor of articles 13, 14, and 15 of the Civil Service Act but postponed voting on article 16 until today, because 204 MPs voted it down, Al Ahram reports. The article allowed the government to contract outside experts for a period of up to three years, which is an apparent no-no to entrenched bureaucrats who don’t like to be told how to do things better. Also: There’s no word on when the Labor Unions Act will be up again for a vote, after it was postponed because a quorum was not met.

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