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Thursday, 12 July 2018

What we’re tracking this week and beyond

Items that should be on your corporate and risk calendars:

LEGISLATION WATCH- The Public Contracts Act could be up for discussion before the House general assembly this coming Monday, House Rep. Sylvia Nabil tells Al Mal. The House’s Budget Committee expects to put its final touches on the bill on Saturday, she adds. The law, which aims to decentralize and streamline tender procedures, had been sent back to the committee to be revised after its name was changed from the Tenders and Auctions Act. Just don’t expect it to become law before later this fall: Once introduced to the general assembly, the bill will move to the Council of State for review before it can be ratified by the House, which we heard earlier this week could happen in four months’ time.

You have an opportunity to sneak in a long weekend: Monday, 23 July is a national holiday in observance of Revolution Day. Expect half the nation’s workforce to try to “bridge” the Sunday and get a four-day weekend.

The Cairo Court of Appeals is expected to rule on Monday, 16 July on Ibnsina Pharma’s appeal of bns worth of antitrust sanctions imposed in a case brought by the Egyptian Competition Authority.

The deadline for the World Bank’s “DigitalAG4Egypt” competition for business ideas built around logistics, value-added services, fintech relevant to agriculture was extended to 30 July.

President Abdel Fattah El Sisi will reportedly unveil a new education program this month. It is unclear whether the program is K-12 or post-secondary.

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