What we’re tracking this week
It’s looking set to be a busy week on the legislative and regulatory fronts:
The stamp tax on capital market transactions could come into effect this week, an unnamed senior Finance Ministry official tells Youm7. The levyawaits approval by the president and publication in the Official Gazette once the executive regulations governing it are finalized.
The House of Representatives will discuss the Labor Act in a plenary session on Thursday, 15 June, Al Shorouk quotes Manpower Minister Mohamed Saafan as having said. The House held final review sessions with representatives of labor and business during the last three days of May, according to Saafan. The Labor Unions Act, meanwhile, will be discussed in “national dialogue” sessions at the House Manpower Committee starting 15 July.
A World Bank delegation will visit Egypt this week for talks on Egypt’s investment map, Investment and International Cooperation Minister Sahar Nasr said, without giving further details, according to Al Shorouk.
The Finance Minister will issue USD 650 mn in one-year, USD-denominated treasury bills to domestic and foreign financial institutions, Reuters reports. The auction deadline is tomorrow.
Telecom Egypt is expected to sign a final domestic roaming agreement with Etisalat Misr this week, an ICT Ministry source tells Youm7.