The central bank will be reviewing the Federation of Egyptian Banks’ (FEB) notes on the draft of changes to the Banking and Central Bank Act this week, sources tell Al Borsa. The same sources say to expect central bank officials to be in and out of meetings with members of the FEB in the weeks to follow, as they attempt to reconcile a number of controversial items on the bill, including term limits for managing directors, CBE representation on bank boards, and a proposal that banks kick in 5% of their bottom line for an industry development fund.

An amended Nile traffic bill is making its way to the Council of State (Maglis Al Dawla) before being handed to the House Transportation Committee for discussion once parliament begins its fall session, Al Mal reports. Cabinet had signed off on the draft law last week.

Also on the legislative front, it wouldn’t surprise us if the Ismail cabinet reviewed the long-awaited Universal Healthcare Act this week, probably during its weekly meeting on Wednesday, ahead of a promised fall debate in the House.

Egypt will hold several treasury bill auctions on Wednesday to replace sales originally scheduled during the Eid break, the Finance Ministry announced, according to Reuters. Egypt is set to sell 91-day, 182-day, 273-day, and 364-day bills on Wednesday. On 5 September three-year and seven-year bonds will be up for sale.