LEGISLATION WATCH- House suspends discussion of auto strategy, Public Enterprises Act amendments indefinitely thanks to covid: The House industry committee has decided to postpone discussions on the government’s auto strategy and the amendments to the Public Enterprises acts indefinitely due to the covid-19 outbreak, the local press reported citing parliamentary sources. It’s unclear when the discussions on the highly-anticipated bills will resume, but sources in the auto sector claimed that the auto strategy won’t be back on the agenda until the next legislative session in October.

A quick recap: The Madbouly Cabinet approved earlier this month the long-awaited automotive strategy to provide support to local car assemblers and feeder industries to compete with imported vehicles and stimulate the local sector. Meanwhile, the Public Enterprises Act amendments received cabinet approval last month. The 26-article bill removes state-owned companies from the legislation if they list 25% stake on the EGX and bring them within the scope of the Companies Act, thus giving general assemblies long-awaited governance.