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Thursday, 30 September 2021

Cutting red tape for hotels, tourism outfits

Licensing rules for hotels and tourism companies may soon be simplified after the cabinet approved a draft law that it says will “improve the business climate and enhance competitiveness” of the tourism sector. The statement didn’t provide further details on the bill.

ALSO: Teenagers as young as 16 years old could soon be allowed to acquire licenses to drive electric bikes after the cabinet signed off on amendments to the Traffic Act in its weekly meeting yesterday.

The cabinet also approved:

  • A draft presidential decree which would allow the Austrian UniCredit to provide banking services to companies and banking institutions and provide the Egyptian National Railways with an EUR 8.5 mn credit facility to purchase machinery.
  • Extending the exemption of foreign airlines from paying annual fees until 30 April 2022 in efforts to support the tourism sector.

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