Business community agrees to Investment Act split: Business associations appear to be nodding in agreement to the House Economic Committee’s decision to split the Investment Act into two separate bills in order to simplify the law for investors, Al Borsa says. Investors are mostly interested in the conventions and conditions for incentives and tax breaks rather than the law’s regulatory framework “and the split achieves that,” the head of the Federation of Egyptian Chambers of Commerce Ahmed El Wakeel tells the newspaper, adding that the single bill would have been too difficult to explain to foreign investors. The logic is completely lost on us, but we’re clearly neither smart enough to be foreign investors nor heads of business associations.

Speaking of the Investment Act: Its chief proponent, Investment Minister Sahar Nasr, has been named one of the Arab world’s 23 most powerful women by Arabian Business.