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Thursday, 28 September 2017

Cabinet roundup

Ismail cabinet approves legislation to form space agency: Apart from approving the Eurobond program, the Ismail cabinet took a number of decisions yesterday at its weekly Wednesday meeting, including approving and sending to the House legislation that would establish an Egyptian space agency to build, operate, and monitor satellites. With a space agency and nuclear power plants, we’re in the thick of the Cold War now, folks. Other decisions include:

  • Signing off on a decision to increase the Export Development Bank of Egypt’s issued capital to EGP 5 bn from EGP 2 bn;
  • Signing off on a presidential decree to allocate two state-owned land plots in Assiut and Aswan to the Oil Ministry to build anti-pollution centers.

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