The Finance Ministry will propose a stamp tax of 0.125% on stock market transactions that would gradually rise to 0.175% by its third year, top ministry officials tell Al Shorouk. The measure will be unveiled at today’s meeting of the cabinet economic group. The stamp was proposed in place of a capital gains tax that has been temporarily shelved for the coming three years; the measure is expected to come into effect by May.

A busy day for the House: The Contractor Compensation Act continues to make its way through the House, and the House Manpower Committee is due to start discussions today of the proposed Labor Act.

Elsewhere this morning, we wonder: What does this mean for Egypt, if anything? “Vodafone has joined the push to bring customer service jobs back to the UK with the announcement of 2,100 new call-centre roles. The mobile phone company, which has struggled with customer service issues in recent years, will ‘onshore’ the support roles from South Africa, where it uses an external agency. It will retain some customer service operations overseas, including technical staff in Egypt,” reports the Financial Times (paywall).

It could be a turbulent week on the global scene: It’s a reasonably mellow (but not quiet) news day for Egypt, and it’s hard not to hope that it remains that way for the rest of the week given it is shaping up to be a turbulent few days on the international front. Wednesday is D-Day. Look for global markets to be roiled by:

• The US Federal Reserve, when the Federal Open Markets Committee’s two-day meeting ends on Wednesday. Fed watchers expect a quarter-point rate hike — and for the FOMC to signal that more rate increases are in the works for this year. US rate hikes are generally not considered “good news” for EM. (That first link is to Reuters. This piece in the Financial Times is worth reading if you’re a subscriber.)
• The United Kingdom, where Prime Minister Theresa May is expected to formally beginthe process of withdrawing from the European Union this month, with the earliest date she could do so being Tuesday. (Don’t understand Article 50? The Independent has got your back.)
• Elections in the Netherlands, where the anti-Muslim party of Geert Wilders, who would pull the Netherlands out of the euro at a minimum, is now running a very close second to the incumbent PM’s conservatives. Voters go to the polls Wednesday, and mainstream parties have promised not to form a coalition with Wilders.
• The Donald is meeting Angela Merkel on Tuesday, setting up a sit-down between the standard bearer of a new global disorder (Mr. Trump, the self-styled capitalist) and the last defender of the liberal post-Second World War order (Ms. Merkel, the former East German). The meeting is set to take place the same day that a key German economic sentiment index is released, helping set the tone for this fall’s election. Reuters has meeting coverage.

(Sidebar: Turkey is having a little spat with the Netherlands after the Dutch refused to allow a wagonload of Turkish ministers to speak over the weekend to potential absentee voters in the Turkish referendum that would give Erdogan’s office more power. Ever-restrained, Erdogan has taken to calling the Netherlands a “banana republic” and “Nazis” while his foreign minister has called the country “fascist.” Enjoy, Dutch people. We’ve been there.)