Cabinet considers new draft laws, 19 petroleum agreements

The Cabinet under Egypt's Prime Minister Atef Ebeid will discuss today the new draft laws proposed in addition to 19 agreements in the field of petroleum as Minister of Petroleum Sameh Fahmi will put on display the new discoveries considered the biggest producers in recent years.

The new draft laws will cover the fields of taxes, which would grant taxpayers higher exemption rates, the new customs amendments and the investment incentives to de-bureaucratize regulations.