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Sunday, 20 January 2019

Egypt’s new Ride-Hailing Apps Act to impose EGP 2-5 levy per ride

LEGISLATION WATCH- The executive regulations to the Ride-Hailing Apps Act will likely introduce a new levy of EGP 2-5 per trip, a source close to the committee drafting the regs told Masrawy. Expect the ride-hailing companies to pass the cost to their customers. Sources from Uber and Careem speaking to Al Mal criticized the proposed levy as unnecessary, saying that consumers are already overburdened. It remains unclear when the executive regulations will be issued: last we heard, they should have been out by the end of last year. The bill passed the House of Representatives in its controversial final form in May of last year and was signed into law shortly thereafter.

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