Masress : Housing, Industry ministries ask parliament for week respite to study new tenders and auctions law

India stresses on non-compliant electronics import rules Gold prices pull back from record high Germany property market declines as foreign investment drops Asian stocks dip as eyes on Fed minutes Noqood Finance granted final licence to bolster SMEs Finance Minister addresses economic challenges, initiatives amidst global uncertainty Madbouly inspects progress of Cairo Metro Line 4, Phase 1 Egypt's Health Minister monitors progress of national dialysis system automation project Hamas accuses ICC Prosecutor of conflating victim, perpetrator roles Giza Pyramids host Egypt's leg of global 'One Run' half-marathon UK regulator may sanction GB news outlet for impartiality violation Egypt's Shoukry, Greek counterpart discuss regional security, cooperation in Athens Madinaty to host "Fly Over Madinaty" skydiving event Turkish Ambassador to Cairo calls for friendship matches between Türkiye, Egypt China blocks trade with US defence firms Health Ministry adopts rapid measures to implement comprehensive health insurance: Abdel Ghaffar Nouran Gohar, Diego Elias win at CIB World Squash Championship Coppola's 'Megalopolis': A 40-Year Dream Unveiled at Cannes World Bank assesses Cairo's major waste management project Partnership between HDB, Baheya Foundation: Commitment to empowering women K-Movement Culture Week: Decade of Korean cultural exchange in Egypt celebrated with dance, music, and art Empower Her Art Forum 2024: Bridging creative minds at National Museum of Egyptian Civilization Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference AstraZeneca injects $50m in Egypt over four years Egypt, AstraZeneca sign liver cancer MoU Swiss freeze on Russian assets dwindles to $6.36b in '23 Prime Minister Madbouly reviews cooperation with South Sudan Egyptian public, private sectors off on Apr 25 marking Sinai Liberation Debt swaps could unlock $100b for climate action Amal Al Ghad Magazine congratulates President Sisi on new office term Financial literacy becomes extremely important – EGX official Euro area annual inflation up to 2.9% – Eurostat BYD، Brazil's Sigma Lithium JV likely UNESCO celebrates World Arabic Language Day Motaz Azaiza mural in Manchester tribute to Palestinian journalists 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.

Housing, Industry ministries ask parliament for week respite to study new tenders and auctions law
New law to impose regulations related to direct spending and letters of guarantee

Abdel Razek Al Shuwekhi Published in Daily News Egypt on 21 - 11 - 2017

The ministries of housing and industry asked the parliament to allow a one week respite to study the new tenders and auctions law and prepare a study about it. Member of the Planning and Budget Committee at the parliament held a meeting on Monday with officials from both ministries that requested a week to study the law.
According to MP Silvia Nabil, the new law proposed by the Ministry of Finance to the parliament aims to set the regulations and guarantees that govern offering tenders and auctions.
The law, made up of 83 articles, includes regulations related to directly awarded contracts and letters of guarantee submitted by companies and their submission period.
Nabil noted that the law excludes previously used loose terminology, such as "a company of good reputation," adding that the committee will ask the Ministry of Finance to put a definition for these terms.
Yasser Omar, undersecretary of the committee, said that the parliament met with Minister of Finance Amr El-Garhy as well as officials of the ministries of industry and housing this week and are expected to meet more ministers in the coming period to discuss the bill.
She added that this law will work to tighten control on auctions and tenders offered by different public companies and agencies, will generate budget savings, next to improving the quality of projects to be implemented.

Clic here to read the story from its source.