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Sunday, 17 September 2017

On the horizon

The House Industry Committee will resume hearings on the so-called Automotive Directive inOctober when the House of Representatives reconvenes, said the committee’s deputy chair Mohamed El Ziny. He tells Al Borsa that the committee plans to meet with Trade and Industry Minister Tarek Kabil to discuss the bill, which would give assemblers incentives to go further up the value chain into manufacturing, giving them a measure of protection against what they say are unfair benefits enjoyed by Turkish, EU and Moroccan imports. He added that the committee has received a number of studies on the act which it will also review. The bill had been stalling in the House thanks to lobbying by auto importers and European exporters.

Egypt will sign the Dabaa nuclear power plant contracts with Rosatom in October after the Council of State (Maglis El Dawla) is through with reviewing them, said El Sayed Al Baz, member of the House of Representatives’ Energy Committee. He tells Al Masry Al Youm that the project will not be held up in the House which approves of the contracts.

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