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Monday, 29 May 2017

What we’re tracking this week

House wants to know the impact of CBE’s rate hike on debt, deficit: The House of Representatives’ Budget and Planning Committee is meeting with Finance Minister Amr El Garhy to discuss the effect of the CBE’s decision to hike interest rates on national debt and the budget deficit, Al Borsa reports. The House’s committees are expected to submit reports about the budget next week, says a budget committee member.

The House Manpower Committee will discuss amendments to the Labor Act throughout the week, while the establishment of an executive agency to oversee nuclear power projects is on the Environment Committee’s agenda.

Authorities to set legal framework for reclaiming disputed land: The House Agriculture Committee will meet this week with the state’s land reclamation committee as well as officials from the ministries of agriculture and local development to discuss the legal framework for individuals wanting to repossess disputed land, Al Borsa reports. The state launched a nationwide campaign to regain control of illegally acquired land at the order of President Abdel Fattah El Sisi.

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