Egypt, S.Arabia step up trade ties through coordination council talks    Egypt reviews progress on $200m World Bank-funded waste management hub    Egypt urges Israel to accept Gaza deal amid intensifying fighting    SCZONE showcases investment opportunities to eight Japanese companies    Egypt, ADIB explore strategic partnership in digital healthcare, investment    SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Legislative Reform Committee agrees on several draft laws: Transitional Justice minister
Published in Daily News Egypt on 01 - 03 - 2015

The Legislative Reform Committee agreed on Saturday on a number of draft laws, including the law on the national committee for retrieving money and assets from abroad and the draft amendment of some provisions of the intellectual property protection law, according to Minister of Transitional Justice and Parliamentary Affairs Ibrahim El-Heneidi.
The committee also approved draft amendment to some attorney law provisions, amendments to some agriculture law provisions, and the amendment of the draft on demolition of dilapidated buildings.
El-Heneidi added, after the committee meeting on Saturday at the cabinet headquarters, that discussions over the unjust enrichment draft laws, money laundering amendment draft and amendments of the criminal code were postponed.
The minister noted that the committee agreed, in the presence of Prime Minister Ibrahim Mehleb, on forming a committee to draft the final version of the investment law, determining money values and deciding on whether or not the tax incentives will be included in the investment law.
El-Heneidi clarified that the committee comprises of representatives from the Finance, Investment, Transitional Justice, and Trade and Industry Ministries, in addition to three State Council judges. The committee's head is Judge Hassan Bassiouni, Chairman of the Economic Legislation Committee affiliated to the Supreme Committee for Legislative Reform.
However, an official at the Ministry of Investment said that the draft investment law prepared by leaders of the ministry did not include any new tax incentives. "The relative weight of tax and customs exemptions in attracting investments and localising the immigrant capitals became weak," he added.
He told Daily News Egypt that more important is improving the environment of business practices and reforming the investment climate by accelerating the procedures and eliminating bureaucracy, accompanied by administrative reform to protect new investments from the corruption of the administrative bodies, in order to attract a larger segment of international capital that a lot of countries compete over.
El-Heneidi said that general meeting of the committee will be held next Tuesday in order to discuss the investment law after completing the final draft, noting that the committee has agreed today on draft law amendments on economic zones of special nature, except for some points that were left for the cabinet to decide on.


Clic here to read the story from its source.