July 1, 2016
ECONOMY ...................................................................... 4 BUDGET DEFICIT WIDENS TO 9.8% OF GDP IN 10M FY15/16
4
Rising public sector wages and welfare costs caused the budget deficit to widen to 9.8% of GDP (EGP273bn pounds) between July 2015 and April .............................................. 4
FINANCE ........................................................................ 4 EGYPT COULD SECURE USD10BN LOAN FROM IMF
4
The Central Bank of Egypt (CBE) said that it could secure some USD10bn from the International Monetary Fund (IMF) by agreeing to a structural reform programme, but has yet to make any formal request to do so. ................................................................... 4
EGYPT TO ISSUE USD3BN EUROBOND IN SEPT-OCT, IMPLEMENT VAT BY SEPT
4
Minister of Finance said that Egypt would look into issuing a USD3bn Eurobond between September and October and would implement a long-delayed value-added tax (VAT) by September. .............................................................................................. 4
GOVERNMENT SAID TO POSTPONE SIGNING USD1BN TRANCHE OF WORLD BANK LOAN TO DECEMBER -1Compiled by: Business Studies & Analysis Center (BSAC) Subscribe and unsubscribe by sending an e-mail to:
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5
The government has reportedly asked the World Bank to sign the first USD1bn tranche of a three-year loan worth a total of USD3bn towards end of year, instead of this month, to allow more time for parliamentary approval................................................................... 5
PARLIAMENT APPROVES USD1.5BN SINAI DEVELOPMENT LOAN FROM SAUDI FUND FOR DEVELOPMENT 5 Parliament has approved a USD1.5bn loan from Saudi Fund for Development to finance the Sinai Peninsula development programme. .............................................................. 5
YIELDS ON FIVE-YEAR BOND ROSE BY 1% TO 16.5%, CBE CANCELS 10-YEAR BOND AUCTION
5
The average yield on the Egyptian government’s five-year bonds rose to 16.512% at an auction on 20 June, from an average of 15.684% on 6 June. ................................................... 5
ENERGY ......................................................................... 5 INDUSTRY LEADERS IN TALKS WITH OIL MINISTER TO REDUCE NATURAL GAS PRICES FOR STEEL PRODUCERS
5
The Federation of Egyptian Industries and the House Industry Committee are in talks with PM Sherif Ismail and Tarek El Molla Minister of Petroleum to reduce the natural gas price supplied to steel factories from USD7/mmBtu to USD4.5/mmBtu. ........................................... 5
EGYPT RECEIVED USD650M IN OIL PRODUCTS FROM SAUDI ARABIA IN MAY AND JUNE
5
Government received USD300mn worth of oil products in May and USD350mn in June, Minister of Oil Tarek El-Molla said. Prime Minister ................................................... 5
BP APPROVES INVESTMENT IN EGYPT ATOLL GAS FIELD 15 MONTHS AFTER DISCOVERY
6
British Petroleum (BP) (AmCham member) has approved investment in the first phase of developing the large Atoll gas field offshore Egypt, only 15 months after it first announced its discovery. ................................................................................................ 6
IT & TELECOMMUNICATIONS ............................................ 6 NTRA TO COLLECT 3% OF FIXED-LINE REVENUES; CIT MINISTER DENIES LICENCE PAYMENT IN INSTALMENTS
6
The National Telecommunications Regulatory Authority (NTRA) will collect 3% of the annual fixed-line revenues offered by both, the mobile network operators (MNOs) through Telecom Egypt’s (TE) (AmCham member) network and TE. ................................................... 6
PROJECTS ....................................................................... 6
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RED SEA PORTS PLANS USD10BN PROJECT IN SHARM EL SHEIKH
6
The Red Sea Ports Authority (RSPA) (link here) has announced that it is planning an auction to establish a tourist resort in Sharm El-Sheikh, with an investment cost of USD10bn. This is a according to Abdel-Raheem Moustafa, RSPA spokesperson. .......................................... 6
TDA RECEIVES BIDS FOR NORTH COAST AND RED SEA LAND PLOTS
6
The Tourism Development Authority (TDA) (link here) announced it had received 112 offers from local and regional real estate developers to acquire 37 land plots in the North Coast, from a total of 73 land plots recently launched across all areas. .............................................. 6
BSAC PUBLICATIONS .................................................. 19 IMPORTANT LINKS...................................................... 21
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Economy BUDGET DEFICIT WIDENS TO 9.8% OF GDP IN 10M FY15/16 Source: Reuters, June 22, 2016
Rising public sector wages and welfare costs caused the budget deficit to widen to 9.8% of GDP (EGP273bn pounds) between July 2015 and April 2016, up from 9.5% (EGP231bn) a year earlier, according to Finance Ministry monthly report. Basic commodities also contributed to the budget deficit, which a rise in tax income failed to contain. The Ministry also reported a slowdown in economic growth to 4.5% in 1H FY15/16, from 5.5% in the same period last year, citing a slowdown in global growth rates.
Finance EGYPT COULD SECURE USD10BN LOAN FROM IMF Source: Bloomberg, June 28, 2016
The Central Bank of Egypt (CBE) (link
here)
said that it could secure some
USD10bn from the International Monetary Fund (IMF) (link here) by agreeing to a structural reform programme, but has yet to make any formal request to do so. The CBE’s statement came in response to comments by a Cabinet minister, who said that Egypt had started negotiations with the IMF last week for USD5bn loan. The minister said CBE was leading the talks. "There is a delegation from the IMF that might visit Egypt next month to continue the negotiations," the minister, who holds an economic portfolio. CBE said in a statement that while it had not formally made a request to negotiate a structural reform programme, it was in constant contact with the IMF and could secure USD10bn should it opt to apply. IMF said that it had not received any financing request from Egypt, but stood ready to help if a request was made. IMF said that its officials "maintain close dialogue with the Egyptian authorities", and that the lender stood ready to help should Egypt make a financing request. "The size of any financial arrangement would depend on Egypt's financing needs and on the strength of its economic program," IMF Mission Chief for Egypt, Chris Jarvis, told Reuters in emailed comments.
EGYPT TO ISSUE USD3BN EUROBOND IN SEPT-OCT, IMPLEMENT VAT BY SEPT Source: Reuters, June 28, 2016
Minister of Finance said that Egypt would look into issuing a USD3bn Eurobond between September and October and would implement a long-delayed valueadded tax (VAT) by September. "We are studying a bond issuance of USD3bn on the international market between September and October of this year in order to fill part of the budget's financing gap, which is expected to reach USD10bn," Finance Minister Amr El-Garhy said. El-Garhy also said he expected a value-added tax that has been delayed on fears of inflation, to be applied in September "should parliament approve it". "Once applied it is expected to bring in revenues during FY16/17 ranging from EGP20-25bn."
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GOVERNMENT SAID TO POSTPONE SIGNING USD1BN TRANCHE OF WORLD BANK LOAN TO DECEMBER Source: Al Mal, June 28, 2016
The government has reportedly asked the World Bank (link here) to sign the first USD1bn tranche of a three-year loan worth a total of USD3bn towards end of year, instead of this month, to allow more time for parliamentary approval. The loan – pledged last December – will be injected to support budget deficit once Parliament ratifies the conditioned reforms, including the Value-Added Tax, sources confirmed.
PARLIAMENT APPROVES USD1.5BN SINAI DEVELOPMENT LOAN FROM SAUDI FUND FOR DEVELOPMENT Source: Amwal Al Ghad, June 28, 2016
Parliament has approved a USD1.5bn loan from Saudi Fund for Development (link here) to finance the Sinai Peninsula development programme. The government had signed 12 funding agreements with the fund, including setting up agriculture and housing complexes in Sinai, as well as establishing a university in Al-Tor City, Minister of International Cooperation Sahar Nasr said.
YIELDS ON FIVE-YEAR BOND ROSE BY 1% TO 16.5%, CBE CANCELS 10YEAR BOND AUCTION Source: Al Mal, June 21, 2016
The average yield on the Egyptian government’s five-year bonds rose to 16.512% at an auction on 20 June, from an average of 15.684% on 6 June. The Central Bank of Egypt (CBE) cancelled a 10-year bond auction worth EGP500mn.
Energy INDUSTRY LEADERS IN TALKS WITH OIL MINISTER TO REDUCE NATURAL GAS PRICES FOR STEEL PRODUCERS Source: Enterprise, June 28, 2016
The Federation of Egyptian Industries (link here) and the House Industry Committee are in talks with PM Sherif Ismail and Tarek El Molla Minister of Petroleum to reduce the natural gas price supplied to steel factories from USD7/mmBtu to USD4.5/mmBtu. Tarek El Molla, noted that producers had failed to meet conditions for the lower gas prices that included reducing steel prices and operating at full capacity.
EGYPT RECEIVED USD650M IN OIL PRODUCTS FROM SAUDI ARABIA IN MAY AND JUNE Source: Bloomberg, June 28, 2016
Government received USD300mn worth of oil products in May and USD350mn in June, Minister of Oil Tarek El-Molla said. Prime Minister Sherif Ismail had
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previously announced plans to start receiving oil products from Saudi Arabia in May. BP APPROVES INVESTMENT IN EGYPT ATOLL GAS FIELD 15 MONTHS AFTER DISCOVERY Source: Mubasher, June 21, 2016
British Petroleum (BP) (AmCham member) (link here) has approved investment in the first phase of developing the large Atoll gas field offshore Egypt, 15 months after it first announced its discovery. The field -- estimated to contain 15mn cubic feet of gas and 31mn barrels of condensates -- was on track to deliver its first gas in 1H18 with a capacity of 300mn cubic feet per day, BP said without providing an investment figure for the project. Drilling will commence in August and will last for a 24-month period, BP said in a statement.
IT & Telecommunications NTRA TO COLLECT 3% OF FIXED-LINE REVENUES; CIT MINISTER DENIES LICENCE PAYMENT IN INSTALMENTS Source: Al Borsa, June 26, 2016
The National Telecommunications Regulatory Authority (NTRA) (link here) will collect 3% of the annual fixed-line revenues offered by both, the mobile network operators (MNOs) through Telecom Egypt’s (TE) (AmCham member) (link here) network and TE. This is in addition to the unified 6% that would be collected of total annual 4G revenues from the operators. In other news, Minister of Communications and Information Technology, Yasser Al Kady, has denied that the operators would be allowed to pay for the 4G licence in instalments, and the full amount should be paid upon signing the contracts.
Projects RED SEA PORTS PLANS USD10BN PROJECT IN SHARM EL SHEIKH Source: Al Alam Al Youm, June 20, 2016
The Red Sea Ports Authority (RSPA) (link here) has announced that it is planning an auction to establish a tourist resort in Sharm El-Sheikh, with an investment cost of USD10bn. This is a according to Abdel-Raheem Moustafa, RSPA spokesperson. The project will spread over 5mn sqm and will include a marina, large-scale shopping centre, financial centre and several flyovers to connect Sharm El-Sheikh Port to the city. According to Abdel-Raheem Moustafa a number of investors have expressed interest in the project, including Amer Group (link here).
TDA RECEIVES BIDS FOR NORTH COAST AND RED SEA LAND PLOTS Source: Al Mal, June 19, 2016
The Tourism Development Authority (TDA) (link here) announced it had received 112 offers from local and regional real estate developers to acquire 37 land plots in the North Coast, from a total of 73 land plots recently launched across all areas. Land prices at the North Coast ranged between USD47/sqm and
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USD53/sqm. Ras Sidr (Red Sea Coast) attracted high interest, with 70 developers competing over 10 land plots. Prices ranged between USD8/sqm and USD10/sqm at Ras Sidr. A public auction will be conducted to determine the buyers, in case more than one bid was technically accepted for the Ras Sidr plots.
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Legislative Update Laws/ Decrees
Description
Presidential Decree No. 379 Of The Year 2015
Regarding Formation of Ministers
Ministry Of Finance Decree No. 442 Of The Year 2015
Concerning The Rules Governing The Payment Of The Monthly Special Raise Determined According To Law No. 99 Of The Year 2015
Ministry of Manpower and Immigration Decree No. 305 of the Year 2015
With Regard to the Conditions and Procedures of Granting Foreigners
Presidential Decree-law No. 99 of the year 2015
On Granting A Special Raise To The State Civil Servants Who Are Not Addressed By The Civil Service Law
Prime Minister Decree No. 2259 Of The Year 2015
Concerning the Electricity Prices
Ministry Of Tourism Decree No. 1053 Of The Year 2015 Issued on 20/8/2015
Cancelation of The ministerial decrees nos. 381 of the year 2014, and 1281 of the year 2014
Official Journal – Issue No. 27 (bis) – Dated 6 July 2015 Prime Minister Decree No. 1765 of the Year 2015 President of the Republic Decree No. 330 Of The Year 2015 Ministry of Industry, Trade and Small & Medium Projects Decree No. 525, 536, 537 For The Year 2015 The Supreme Constitutional Court
Rectification of the the Civil Service Law Concerning Natural Gas Usage in Industrial Companies Concerning the Establishment of Suez Canal Economic Zone Enforcing Production in Compliance with the Egyptian Standard Specifications Income Tax Law
Ministry Of Social Solidarity Decree No. 2 of the Year 2015 New President of the Republic Decree-Law No. 90 Of The Year 2015 New Presidential Decree Law No. 26 of the year 2015 New Presidential Decree-Law No. 29 of the Year 2015 The Ministry of Industry, Trade and Small & Medium Projects Decree No. 461 of the Year 2015 Ministry of Tourism Decree No. 623 Of The Year 2015 Issued on 18/5/2015 Prime Minister Decree No. 1299 of the year 2015 Ministry of Tourism Decree No. 229 of the year 2015 Ministry of Tourism Decree No. 229 of the year 2015
Concerning the Rules Enforcing the Provisions of the Social Insurance Law Promulgated by LA No. 79 of the Year 1975 Amending Certain Provisions of Law No. 124 of the Year 1963 On Vesting the Suez Canal Authority the Power of Establishing Joint Stock Companies Amending Certain Provisions of the Law No. 82 of the year 2002 on Protection of Intellectual Property Rights On Increasing The Pensions as of 1/7/2015 On the Organization and Promotion of Industry On the Regulation of Tourism Companies On Investment Guarantees and Incentives Law On Applications for Establishing Tourism Companies On Applications for Establishing Tourism Companies
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Ministry of Industry, Trade and Small & Medium Projects Decree No. 444 of the year 2015
On Cancelling the Ministerial Decree No. 257 of the Year 2010 concerning the Import and Export and the System of Procedures of Examination and Control of Imported and Exported Commodities and amendments
Prime Minister Decree No. 1272 Of The Year 2015
Concerning investment-related disputes
Ministry of Investment Decree No. 45 of the Year 2015 Ministry of Tourism Decree No. 570 of the Year 2015 Ministry Of Finance Decree No. 256 Of The Year 2015
Amending Some Provisions of the Executive Regulations of the Capital Market Law Issued as per Decree of the Minister of Economy and Foreign Trade No. 135 of the Year 1993 regarding tourist companies specialized in operating small tourist vehicles (Limousine) Amending Certain Provisions of the Executive Regulations of the Customs Law Promulgated by Decree of the Minister of Finance no. 10 of the Year 2006
Official Journal – Issue No. 19 - Dated 7 May 2015
Prime Minister’s Decree No. 844 of the Year 2015 Determining Certain Customs Tax Exemptions
Presidential Decree-Law No. 23 Of The Year 2015
Amending Certain Provisions of the Building Law and its Promulgating Law No. 119 of the Year 2008
Presidential Decree-law No. 21 of the Year 2015
On Amending Some Provisions of the Penal Code
Ministry of Health and Population Decree No. 151 of the year 2015
Reorganizing the Procedure of Registration of Cosmetics
The Ministry of Industry, Trade and Small and Medium Projects Decree No. 287 of the Year 2015
On Imposing Final Precautionary Measures On Imports of Reinforcing Steel for Building Purposes Item
The Ministry of Industry, Trade and Small and Medium Projects Decree No. 288 of the Year 2015
On Imposing Temporary Precautionary Measures On White Sugar Imports
Presidential Decree-Law No. 12 of the Year 2015
Amending Some Provisions of the General Sales Tax Law Promulgated by Law No. 11 of the Year 1991
Egyptian Financial Supervisory Authority (EFSA) Authority's Board of Directors Resolution No. 158 of the year 2014
Regarding Micro-finance Fields and the Value Thereof
Presidential Decree-law No. 47 of the year 2014
On Amending Certain Provisions of the Public Cleanliness Law No. 38 of the year 1967 as amended by Law No. 106 of the year 2012
Presidential Decree-law No. 7 of the year 2015
On Amending Certain Provisions of The Child Law Promulgated by Law No. 12 of the year 1996
Decree Of The President Of The Arab Republic Of Egypt No. 69 Of The Year 2015
On Amending Custom Tarrifs
Presidential Decree-law No. 6 of the year 2015
On Amending Certain Provisions of The Child Law Promulgated by Law No. 12 of the year 1996
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Egyptian Financial Supervisory Authority (EFSA) Authority's Board of Directors Resolution No. 158 of the year 2014 Issued on 3/12/2014
Regarding Micro-finance Fields and the Value Thereof
Decree-Law of the President of the Arab Republic of Egypt No. 203 of the Year 2014
Regarding the Stimulation of Producing Electricity from Renewable Energy Sources
Ministry of Trade and Industry Decree No. 135 of the Year 2014
Regarding the Egyptian standard specifications on Producing and importing foodstuff
Decree-Law of the President of the Arab Republic of Egypt No. 203 of the Year 2014
Regarding the Stimulation of Producing Electricity from Renewable Energy Sources
Ministry of Manpower and Immigration Decree No. 216 Of The Year 2003
Concerning the Financial and Administrative Regulations Of the Social, Health and Cultural Services Fund Amended By Decree No. 310/2009
The Central Bank Of Egypt Resolution of the Board Of Directors Of The Central Bank Of Egypt No. 2404 of the Year 2014
On Amending Article No. (8) of the Articles of Association of the Federation of Egyptian Banks
The Central Bank Of Egypt Resolution of the Board Of Directors Of The Central Bank Of Egypt No. 2404 of the Year 2014
On Amending Article No. (8) of the Articles of Association of the Federation of Egyptian Banks
Presidential Decree-law No. 201 of the Year 2014 Ministry of Manpower and Immigration Issue No. 288 Dated 21st of December, 2014
Ministry Of Tourism Decree No. 1002 of the Year 2014 Ministry of Tourism Decree No. 979 of the Year 2014 Issued on 19/11/2014
On Amending Some Provisions of the Income Tax Law Promulgated By Law No. 91 Of The Year 2005 On Deciding the Disbursement of a Special Raise to the Private Sector Workers in the Year 2014 Regarding the obligations of the tourist companies owning tourist buses to fulfill the license conditions related to the GPS trackers, speedometers and security cameras Concerning Non- Egyptians Ownership of Restaurants and Shops
Minister of Finance Decree No 531 For The Year 2005
Determining The Free (Non-Commercial) Professions In Applying The Provision Of Article70 Of The Income Tax Law As Promulgated By Law No 91 For The Year 2005
Ministry of Finance Decree No. 434 of the Year 2014
On Amending Some Provisions of the Minister of Finance's Decree No. 531 of the year 2005
Prime Minister’s Decree No. 548 Of The Year 2005 Ministry of Industry, Trade and Small & Medium Projects Decree No. 865 of the Year 2014 Ministry of Housing, Utilities and Urban Communities Decree No. 727 of the Year 2014
Concerning The Non-Egyptians’ Ownership And Usufruct Of Residential Units In Certain Areas Emposing Measures on transporting and circulating the industrial hazardous wastes and materials Enforcing Some Provisions of Law No. 371 of the Year 1956 on Public Shops and Law No. 372 of the Year 1956 on Entertainment Places
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Presidential Decree-law No. 142 Of The Year 2014 Decree-Law of the President of the Arab Republic of Egypt No. 140 of the Year 2014
On Amending Some Provisions Of The Traffic Law Promulgated By Law No. 66 Of The Year 1973 Regarding the Provisions Related to the Extradition of the Accused and the Transfer of the Convicted
Prime Minister, Decree No. 1947 of the Year 2014
Regarding the Organization of the Ministry of Electricity and Energy
Presidential Decree-law No. 135 of the Year 2014
On Amending Certain Provisions of Law No. 102 of the Year 1986 on Establishing the New and Renewable Energy Authority (NREA)
Ministry of Trade, Industry and Investment Decree No. 767 of the Year 2014
On Continuing Levying an Export Duty on the Exports of Nitrogen Fertilizers
Ministry Of Industry, Trade And Small & Medium Projects Decree No. 671 of the Year 2014
Concerning the Export Duty Imposed On Certain Kinds Of Scraps And Raw Materials
The Ministry of Industry, Trade and Small Medium Projects Decree No. 765 of the Year 2014
Imposing Temporary Precautionary Measures on Reinforcing Steel Imports
Presidential Decree-law No. 128 of the Year 2014
On Amending the Penal Code
Ministry of Finance Decree No. 330 of the Year 2014
Amending some Provisions of the Executive Regulations of the Stamp Duty Law, Issued as per Law No. 525 of the Year 2006
Decree of the Prime Minister No. 1419 of the year 2014
Regarding the System of the Suez Canal Authority
Law No. 30 of the Year 1975 Regarding the System of the Suez Canal Authority
As Amended by Laws Nos. 11 of the Year 1976 and 4 of the Year 1998 And Decree of the President of the Republic No. 34 of the Year 2014
Decree-Law of the President of the Arab Republic of Egypt No. 118 of the Year 2014
Exempting the Establishments and the Insured From the Additional Amounts Due Thereon to the National Organization for Social Insurance
Egyptian Financial Supervisory Authority (EFSA) Decision No. 109 of the Year 2014
Amending Some Provisions of the Decision of the Authority’s Board of Directors No. 72 of the Year 2013 Regarding the Regulatory and Supervisory Controls Governing Factoring Activity
Ministry of Industry, Trade and Small and Medium Projects Decree No. 591 of the Year 2014
Amending Ministerial Decree No. 510 of the Year 2014 on Suspending the Exportation of Solvents; and Memorandum of the Commercial Agreements and Foreign Trade Sectors
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Prime Minister Decree No. 1265 of the year 2014
Promulgating the Executive Regulations of Decree Law No. 63 of the year 2014 of the Maximum Limit of Incomes of the State Bodies Wage-Earners
Ministry of Trade, Industry and Small and Medium Projects Decree No. 558 of the Year 2014
Amending Certain Provisions of The Statute Of Rules Implementing the Provisions of Law on Import and Export and the System of Procedures for Inspection and Control of the Imported and Exported Goods
Rectification of Law No. 56 of the year 2014
Amending Certain Provisions of Law No. 3 of the year 2005 on Protection of Competition and Prevention of Monopolistic Practices
Ministry Of Finance Decree No. 262 Of The Year 2014
Amending Certain Provisions of the Executive Regulations of the Customs Law
Presidential Decree-Law No. 52 of the Year 2014
Amending Some Provisions of the Law on the Regulation of Universities, As Promulgated by Law No. 49 of the Year 1972
Ministry Of Finance Decree No. 276 Of The Year 2014
Amending Certain Provisions of the Executive Regulations of the Law Regulating the Customs Exemptions Issued By Virtue of the Minister of Finance Decree No. 861 of the year 2005
Ministry of Trade, Industry and Small and Medium Projects Decree No. 556 For The Year 2014
Organizing the Export of Certain Mineral Ores
Ministry of Industry, Trade and Small & Medium Projects Decree No. 540 of the Year 2014
Adding A New Item To Annex (3) of the Statute of Rules Enforcing the Provisions Of Import and Export Law
Ministry Of Finance Decree No. 263 Of The Year 2014 Ministry Of Trade, Industry And Investment Decree No. 432 Of The Year 2014 Presidential Decree-Law No. 49 of the year 2014 Presidential Decree No. 190 Of The Year 2014 Presidential Decree-law No. 39 Of The Year 2014 Presidential Decree-law No. 42 of the year 2014 Presidential Decree-Law No. 48 of the year 2014 Presidential Decree-law No. 44 of the year 2014 Presidential Decree-law No. 50 of the year 2014 Presidential Decree-Law No. 106 of The Year 2013 Prime Minister Decree No. 363 of the year 2014 Presidential Decree No. 72 Of The Year 2014 Prime Minister Decree No. 22 for the year 2014
Concerning The Rules Governing The Payment Of The Monthly Special Raise Enforcing Production in Compliance with the Standard Specifications Amending Certain Provisions of the Penal Code, Criminal Procedure Law On Increasing The Pensions as of 1/7/2014 Amending Some Provisions Of Law No. 35 Of The Year 1976 Granting A Special Raise To The State Civil Servants Amending Certain Provisions of Law No. 89 of the year 1998 On Organizing Bids And Tenders Imposing a Temporary Additional Tax Income Amending Certain Provisions of the Penal Code promulgated by Law No. 58 of the year 1937 On The Prohibition of Conflict Of Interests of Public Officials On forming a ministerial committee for the settlement of investment disputes On forming the new Cabinet On overall Monthly Wages and Incomes of Civil Servants
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Decree No. 23 for the year 2014
Determining the Rules and Conditions of Certain Provisions of Presidential Decree No.184/2013 Concerning the Issuance of Custom Tariffs
Ministry Of Health and Population Decree No. 394 Of The Year 2014
On thoroughly reviewing the decree promulgated on 26 December 1953 on preservatives allowed to be added by specified ratios to foodstuffs
Presidential Decree-Law No. 54 of the year 2014
Amending Certain Provisions of Law No. 121of the Year 2008 Amending the Traffic Law promulgated by Law No. 66 of the year 1973
Presidential Decree No. 193 Of The Year 2014
Amending the name of the Minister of Antiques and Heritage
Ministry of Industry, Trade and Small and Medium Projects Decree No. 510 of the Year 2014
Suspending the Exportation of Solvents
Ministry of Social Solidarity Decree No. 34 of the Year 2014 Presidential Decree No. 189 Of The Year 2014 Ministry of Trade, Industry and Investment Decree No. 428 of the Year 2014
Concerning the Rules Enforcing the Social Insurance Law On formation of cabinet ministers Import and Export and the system of procedures for inspection and control of the imported and exported goods
Ministry of Trade, Industry and Investment Decree No. 417 of the Year 2014
Enforcing the Provisions of Import and Export Law referred to, in respect of the commodities imported under special conditions.
Ministry of Trade, Industry and Investment Decree No. 416 of the Year 2014
Enforcing the Provisions of Import and Export Law
Presidential Decree-law No. 47 of the year 2014
Amending Certain Provisions of the Public Cleanliness Law No. 38 of the year 1967 as amended by Law No. 106 of the year 2012
Ministry Of Tourism Decree No. 381 Of The Year 2014 Presidential Decree No. 35 Of The Year 2014 Ministry of Trade, Industry and Investment Decree No. 304 of the Year 2014 Prime Minister Decree No. 831 of the Year 2014 Ministry Of Trade And Industry Decree No. 393 of the year 2008
Concerning tourist busses and transportation Applying the Summer Time System Concerning maintenance and after-sales service to the products bearing specific global trademarks Amending certain provisions in the decree No. 259 of the year 2007 Concerning service and Maintenance Centers On the formation of a ministerial committee for the project of the development of the Suez Canal Region
Prime Minister Decree No. 659 of the year 2014 Presidential Decree-Law No. 27/2014 Decree No. 9 of the Year 2014 by the Ministry of Social Solidarity Decree No. 289 of the Year 2014 by the Ministry of Trade, Industry and Investment Decree-Law of the President of the Arab Republic of Egypt No. 32 of the Year 2014
Amending Certain Provisions of the Capital Market Law Amending the Decree of the Minister of Finance No. 554 of the Year 2007 Continuing Levying an Export Duty on the Exports of Nitrogen Fertilizers Organizing Some Procedures of Appeal on State Contracts Issuing the Executive Regulations of the Law on Organizing the Tourist Companies, and amendments thereof
Decree No. 274 of the Year 2014 by the Ministry of Tourism
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Decree No. 127 Of The Year 2014 by the Ministry Of Manpower And Immigration
Concerning Disposition Of The Proceeds Of The Pecuniary Sanctions Inflicted On The Workers
Decree No. 636 of the year 2014 by the Prime Minister
Regarding the sale price of the natural gas used in the houses and commercial activities equivalent to the home use
Decree No. 195 of the Year 2014 by Ministry of Trade, Industry and Investment Presidential Decree-law No. 24 of the Year 2014 Presidential Decree-law No. 25 of the Year 2014 Decree No. 136 of the year 2014 by the Ministry of Trade and Industry
Building and operating thermal equipment and steam boilers, and its executive regulations Amending Certain Provisions of the Law On the Regulation of Universities Amending Certain Provisions of the Traffic Law Promulgated by Law No. 66 of the Year 1973 In regard to apply the Egyptian Standard Specifications no. 4756/2013 for cement
Decree No. 218 of the Year 2014 by Ministry of Tourism Decree No. 135 of the Year 2014 by the Ministry of Trade and Industry Decree No. 134 Of The Year 2014 by the ministry of trade and industry
The executive regulations promulgated by the Minister of Tourism Decree No. 209 of the year 2009 Concerning the standard specifications for the Egyptian Producers and importers of the foodstuffs Concerning the standard specifications producers and importers should abid by while producing and importing the chemical and engineering commodities
Decree No. 128 of the year 2014 by the ministry of trade and industry Decree No. 219 of the year 2014 by the ministry of tourism
The Ministerial Decree No. 242 of the year 2000 referred to shall be annulled. Regarding the establishments of new tourism companies
Administrative Resolution No. 34 of the Year 2014
Regard the amendments related to a set of Egyptian Standard Specifications concerning which binding ministerial decrees
Presidential Decree No. 15 Of The Year 2014
Amending Some Provisions of the Law on the Regulation of Universities As Promulgated by Law No. 49 of the year 1972
Prime Minister Decree No. 365 of the year 2014
On forming a committee for the Settlement of Investment Contracts Disputes established by Prime Minister and deputized by the Minister of Justice
Decree No. 122 of the year 2014 by the ministry of trade and Industry
Prolonging the Enforcement of the Provisions of Ministerial Decree No. 195 of the Year 2008
Decree No. 120 of the year 2014 by the ministry of tourism
Concerning the executive regulations promulgated by the Minister of Tourism Decree No. 209 of the year 2009
Prime Minister Decree No. 310 of the year 2014
On amending the Presidential Decree No. 284 of the Year 1997 on the Establishment of the General Authority for Investment and Free Zones as amended by Decree No. 316 of the Year 2004
Prime Minister Decree No. 377 of the year 2014
On establishing a Ministerial Committee for the Project of the Development of the Suez Canal Region
Decree No. 65 of the year 2014 by the ministry of finance Decree No. 685/ 2013 by Ministry of Trade and Industry (October 2013)
Concerning amending certain provisions of the decree No. 534 of the year 2015 On Levying an Export Duty on the Exports of Nitrogenous Fertilizers
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Ministry of Agriculture and Land Reclamation Ministerial Decree No. 764 of the Year 2013
Concerning The importation from China of animal and poultry products
Ministerial Decree No. 491/2013 (October 2013)
On Amending Certain Provisions of the Executive Regulations of the Customs Law as Issued by the Ministerial Decree No. 10/2006
Prime Minister Decree No. 714/2013 (August 2013)
Amending Certain Provisions of the Prime Minister Decree No. 1115/2012 on the Formation of the Ministerial Group for the Settlement of Investment Related Disputes
Prime Minister Decree No. 1067/2012 Amended as Per Nos. 1299/2013 and 998/2013 (November 2013)
On Establishing a Committee Entrusted with Examining the Contracts Concluded Between Investors and State-Affiliate Entities
Decree 422/2013 (August 2013)
Concerning the Rules Governing the Payment of the Monthly Special Raise Determined According to Law no. 78 of 2013
Presidential Decree-Law 79/2013 (August 2013)
On Cancelling Law no. 135 of 2012, Promulgating Social Insurance and Pensions Law, and Amending Certain Provisions of Social Insurance Law
Presidential Decree-Law 78/2013 (August 2013)
On Granting a Special Raise to the State Civil Servants On Amending Certain Provisions of Ministerial Decree no. 770 of 2005 In Respect of Cancelling the Export Duty Imposed on Some Feedstuff Items
Decree No 468/2013 (August 2013) Decree No 465/2013 (July 2013) Decree No 223/2013 (June 2013)
Decree No 371/2013 (June 2013) Decree No 333/2013 (June 2013) Decree No 335/2013 (June 2013) CBE Resolution 1010 (June 2013) Annex (1) of Decree No 310/2013 (May 2013) Decree No 310/2013 (May 2013)
On Regulating the Packing and Trading Activities Related to the Pasta, Vegetable Oils and Margarine On the commitment to Produce and Import According to the Egyptian Standard Specifications On Amending the Executive Regulation of the Income Tax Law On Amending Some Provisions of the Executive Regulations of the Stamp Law On the Limitations of Exercising Bank assurance by Banks Provisions of Decree 301/2013 Of the Tax Apply On the Determination of Percentages, Commodities and Rentals on Which the System of Addition for Account of the Tax Shall Apply
Decree No 204/2013 (April 2013)
On Amending Some Provisions of the Executive Regulations of the Customs Law
Decree No 8/2013 (April 2013)
Amending Certain Provisions Of The Central Bank, the Banking Sector and Money Law Promulgated by Law No. 88 of the Year 2003
Decree No 133/2013 (April 2013) Presidential Decree No 184/2013 (March 2013) Decree 241/2013 (March 2013) Decree 123/2013 (March 2013)
On the Amendment of Some Provisions of the Executive Regulations Implementing the Industrial Register Law On Issuing Harmonized Customs Tariff On the Compulsory Pricing and Determination of Energy Materials On Imposing An Export Duty on Certain Kinds of Scrap and Lead Materials
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Applications for Establishing Tourism Companies Will Not Be Accepted for One Year Amending the Formation of the Cabinet On Pricing and Selling of Petroleum, Natural Gas, and Mazut
Decree 170/2013 (March 2013) Decree 144/2013 (February 2013) Decree 110/2013 (February 2013)
Amending Certain Provisions of The Statute Of Rules Enforcing The Provisions Of Law On Import And Export
Decree 61/2013 (February 2013) Decree 44/2013 (February 2013) Presidential Decree 80/2013 (February 2013) Presidential Decree-Law No. 102 of the year 2012 Presidential Decree-Law 160/2012 (December 2012) Decree 993/2012 (December 2012)
On continuing Imposing an Export Duty on Blocks of Crude Marble and Granite Amending Decree no. 176/2005 on Increasing Pensions Amending Some Provisions of the General Sales Tax Law Amending Some Provisions of Law No. 88 Of The Year 2003 On the Termination of Ministerial Decree No. 430 of the year 2012 On The Identification Of The Rules And Limitations Of Acquisition/Usufruct Right In Sinai Peninsula
Decree 290/2012 (December 2012) Decree 961/2012 (December 2012) Presidential Decree 93/2012 (November 2012)
Amending Import and Export Decree 770 of the year 2005 Amendment Of Some Provisions Of Law No. 155 Of The Year 2007 on Education
Decree 11/2012 (November 2012)
On the Identification of the Delay Fine and Service Fees of Re-Entry and Modification of Data at the Ports
Decree 859/2012 (October 2012)
Amending Some Provisions Of The Executive Regulations Implementing The Provisions Of Import And Export Law Amending Some Provisions, Rules And Procedures Of The Human Drugs Registration Amending Certain Provisions of the Protection of the River Nile and Waterways Against Pollution On the Export of Rice Amending Certain Provisions of The Statute Of The Rules Enforcing The Provisions Of Law On Import And Export
Decree 645/2012 (October 2012) Decree 383/2012 (October 2012) Decree 767/2012 (September 2012) Decree 736/2012 (September 2012) Decree 718/2012 (September 2012)
On Ceasing the Application of Ministerial Decree No. 430 of the Year 2012
Decree 693/2012 (September 2012)
On Terminating the Investigation Procedures Regarding the Great Increase in Woven and Mixed Cotton Fabrics Imports On the Compliance with the Special Egyptian Standard Specifications On Imposing an Export Duty on Certain Kinds of Scrap and Materials On Terminating Applying the Provisions of Ministerial Decree No. 902 of the Year 2001 On the Regulation of Tourism Companies On Amending the Press Law No. 96 of the Year 1996.
Decree 709/2012 (September 2012) Decree 696/2012 (September 2012) Decree 694/2012 (September 2012) Decree 533/2012 (August 2012) Decree 85/2012 (August 2012)
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Prime Minister Decree 915/2012 (August 2012) Decree 622/2012 (August 2012) Decree 498/2012 (August 2012) Decree 82/2012 (August 2012) Decree 589/2012 (July 2012) Decree 568/2012 (July 2012) Decree 541/2012 (July 2012) Decree 102/2012 (July 2012) Decree 293/2012 (July 2012) Decree 483/2012 (June 2012) Decree 430/2012 (June 2012) Decree 301/2012 (May 2012) Decree 572/2012 (May 2012) Decree 384/2012 (May 2012) Decree 384/2012 (May 2012) Prime Minister Decree 463/2012 (May 2012) Prime Minister Decree 421/2012 (April 2012) Decree 142/2012 (April 2012) Prime Minister Decree 322/2011 (April 2012) Decree 219/2012 (March 2012) Prime Minister Decree 297/2012 (March 2012) Decree 151/2012 (March 2012) Ministerial Decree 121/2012 (March 2012) Ministerial Decree 116/2012 (February 2012) Prime Minister Decree 165/2012 (February 2012)
On the Issuance of the Statute of the National Authority for the Development of Sinai Peninsula Regarding the Practicing of the Pharmaceutical Profession On the Procedures of Registration and Control of Locally Manufactured Cosmetics Granting a Special Raise of 15% to State and Private Servants Imposing Final Precautionary Measures On Cotton and Mixed Yarn Imports On Establishing the National Council for Industry Quality Assurance On the Abidance by the Egyptian Standard Specifications During Production Provisions Of The Social Insurance Law Regarding Banderoles and Sticking Procedures Imposing An Export Duty On Certain Kinds Of Scrap And Materials On Imposing Temporary Precautionary Measures on Imports of Polypropylene Items Amending Provisions of Organizing Tourist Companies Law Amending Provisions of Executive Regulations Implementing Capital Market Law Amending Provisions of Import/Export Law Amending Provisions of Import/Export Law Regarding Electronic Publication of Government Tenders and Auctions Amending the Executive Regulations Implementing Cantral Depository and Registry of Securities Loading/Unloading Rates and Compliance of Companies and Shipping Agencies Provisions of Maximum Limit of Incomes and Minimum Limit Amending Provisions of Import/Export Law Determining Certain Customs Duties Exemptions Establishment of Tourism Companies To Install Tracking Devices in Tourism Vehicles Temporary Precautionary Measures on Woven And Mixed Cotton Fabrics Imports Determining Certain Customs Duties Exemptions regarding Sugar Imports Tax Accounting Rules and Principles for Small Enterprises and Procedures of Tax Collection on their Profits
Ministerial Decree 54/2012 (February 2012) Supreme Council of the Armed Forces DecreeLaw 14/2012 (January 2012) Supreme Council of the Armed Forces DecreeLaw 11/2012 (January 2012) Prime Minister Decree 32/2012 (January 2012)
The Integrated Development of the Sinai Peninsula Establishing Incentives for Settlement of Taxes Formation of the Ministerial Group for Settlement of Investment-related Disputes
Contents
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BSAC Publications Egypt Economic Profile (May 2015) An annual country report on Egypt's recent macroeconomic performance as well as coverage of Egypt's most important commodity and service sectors Energy Sector Development in Egypt (February 2015) An industry overview with the latest information on subsidies, progress in renewable resources and other alternative energy, oil and natural gas. Egypt Economic Profile (June 2014) An annual country report on Egypt's recent macroeconomic performance as well as coverage of Egypt's most important commodity and service sectors Egypt Economic Profile (April 2013) An annual country report on Egypt's recent macroeconomic performance as well as coverage of Egypt's most important commodity and service sectors. Banking Sector Developments in Egypt (March 2013) An overview of Egypt ’s post revolution banking system with focus on emerging trends including, retail banking, Islamic finance, project and SME finance and ICT applications. MENA-US Trade and Investment (January 2013) The report provides a briefing on the MENA macroeconomic and business environment with focus on recent trends in MENA-US trade and investment relations. Healthcare and Pharmaceuticals in Egypt (September 2012) A comprehensive overview of Egypt's healthcare sector and pharmaceuticals industry with focus on market trends, investments, trade in pharmaceuticals and growth areas. MENA-US Trade and Investment (May 2012) The report provides a briefing on the MENA macroeconomic and business environment with focus on recent trends in MENA-US trade and investment relations. Egypt Economic Profile (April 2012) An annual country report on Egypt's recent macroeconomic performance as well as coverage of Egypt's most important commodity and service sectors. The Automotive Industry in Egypt (February 2011) A comprehensive overview of Egypt's automotive industry with focus on recent market trends in the passenger car, commercial vehicles and automotive components segments. MENA-US Trade and Investment Report (May 2010) The report provides a briefing on the MENA macroeconomic and business environment with focus on recent trends in MENA-US trade and investment relations. Egypt Economic Profile (March 2010) An annual country report on Egypt's recent macroeconomic performance as well as coverage of Egypt’s most important commodity and service sectors.
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Egypt-U.S. Guide to Trade: Exporting to the U.S. (October 2009) An extensive publication produced to familiarize businesses with import procedures in the U.S. and export procedures in Egypt. Focus is placed on Egypt’s leading non-petroleum export sectors, namely textiles and clothing, processed food and cereals, iron and steel and furniture.
Petroleum Sector Developments in Egypt (March 2009) A comprehensive overview of Egypt's petroleum sector with focus on recent developments in the local oil, natural gas, and petrochemicals industries. Banking Sector Developments In Egypt (September 2008) This study examines the Egyptian Banking System in its new state of reform with focus on major market players and recent developments. Tourism Sector Developments In Egypt (March 2008) An overview of the tourism sector in Egypt with focus on the latest market developments and investment opportunities. Information and Communications Technology Developments in Egypt (May 2007) An overview of ICT sector development in Egypt with focus on the challenges and opportunities facing the sector in the next several years. Pharmaceutical Industry Developments in Egypt (December 2006) An overview of the pharmaceutical sector in Egypt and recent challenges to higher sector growth and catalysts for sustainable development. The Textile and Clothing Industry in Egypt (August 2004) A comprehensive study of the textiles and clothing industry, examining future competitiveness and anticipated changes in the global market. The Construction Sector in Egypt (September 2003) A comprehensive study of the construction and building materials sectors in Egypt, with focus on factors affecting development and competitiveness. The Insurance Sector in Egypt (August 2001) An update on the Egyptian Insurance sector with focus on private sector developments.
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Important links Egypt Business/Economic Links Cairo and Alexandria Stock Exchanges Egyptian Government On-line Egypt State Information Service General Authority for Investment and Free Zones (GAFI) IDSC: Main Economic Indicators Information Decision and Support Center Ministry of Trade and Industry Ministry of Investment The US Embassy in Egypt U.S. Links American Association of Exporters and Importers International Trade Administration United States Customs & Border Protection US Department of Commerce- Bureau of Economic Analysis US Department of State-International Information Programs-Middle East and North Africa
Contents
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