Al-Ahram Weekly On-line
11 - 17 January 2001
Issue No.516
Published in Cairo by AL-AHRAM established in 1875 Current issue | Previous issue | Site map

Government Business

THE SUPREME Constitutional Court has ruled that in the event of disputes it is unconstitutional to impose obligatory arbitration on sales tax payers (for example importers and retailers) since this deprives them of the right to file suit against the sales tax authority.

THE BOARD of directors for the Electricity Authority's regulatory body will be formed in accordance with directives issued by Prime Minister Atef Ebeid. Headed by Minister of Electricity and Energy Ali El-Saidi, and including consumer representatives, the body will monitor developments in the sector and make recommendations for the regulation of the production and distribution of electricity.

COTTON cultivation of the Giza 70 strain will only be allowed in parts of the Beheira governorate, namely, Abu Homos, Kafr Al-Dawar, Rashid, Edco, Abul-Matamir, Gianaclis and Mahmoudiya.

THE MINISTERIAL committee for export promotion headed by Prime Minister Atef Ebeid has decided to eliminate the system under which exporters were required to pay guarantees on imported production inputs. This procedure is currently implemented through the drawback system. The committee also discussed the establishment of a $500 million fund to promote exports.

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