Back to the complete issue
Wednesday, 9 February 2022

Last Night’s Talk Shows: Legislation, legislation, hydrogen

Changes to the Real Estate Registry Act dominated coverage last night: Amendments to the bill greenlit by the House yesterday led coverage on the airwaves last night, with Justice Minister Omar Marwan phoning into Kelma Akhira (watch, runtime: 16:50) and Ala Mas’ouleety (watch, runtime: 13:27) to offer his insights. The changes place a 37-day time ceiling on the home registry process, Marwan said, while adding that a requirement to provide documentation of provenance was scrapped.

The entire process will be digitized, save for the owner’s signature, which will be required in person before receiving final approval, Real Estate Registry head Gamal Yacout said during a phone-in with Al Kahera Wal Nas (watch, runtime: 8:38). The bill will come into effect two months after it is published in the Official Gazette, allowing homeowners time to prepare documentation and familiarize themselves with the process, Marwan noted. Masaa DMC (watch, runtime: 8:33) also took note of the bill.

Ditto the changes to the Education Act: Changes to the education act that would have seen parents slapped with fines for students’ poor attendance were struck down by the House in principle, garnering airtime from Kelma Akhira (watch, runtime: 10:29), Al Kahera Wal Nas (watch, runtime: 21:06), Masaa DMC (watch, runtime: 2:06), and Al Hayah Al Youm (watch, runtime: 7:15). The proposal sparked a dialogue among the talking heads on how to address issues within the education system that prompt students to miss classes, rather than imposing fines as a sticking plaster. We have more on both bills in our Legislation Watch section, above.

Eight global companies have placed bids to establish green hydrogen plants in Egypt, Suez Canal Economic Zone head Yehia Zaki told Kelma Akhira (watch, runtime: 15:22) during a phone-in. MoUs are expected to be signed soon with the chosen companies in a bid to get the plants up and running by 2024, he added.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.