saasaMay 15, 2004 - AmChamabraaj seeks to acquire majority stake in bisco misr; SHAREHOLDERS INITIALLY AGREE 6 Abraaj Investment Management has made an approach to buy at least a 51%

July 15, 2014

ECONOMY ...................................................................... 4

MINISTER OF HEALTH RULES OUT PHARMACEUTICAL DRUG PRICE INCREASES 4

The Ministry of Health has ruled out price increases for pharmaceutical drugs to reflect energy cost hikes, as Minister Adel El Adawy said. For EIPICO,.............................................4

MINISTRY OF SUPPLY TO FIX PRICES FOR 30 FOODSTUFF GOODS; REACHES AGREEMENT WITH CARREFOUR 4

Egypt’s Ministry of Supply will fix prices for 30 foodstuff goods and has reached an agreement with top grocery retailer Carrefour to set prices in a move to curb inflation. .........................4

FOREIGN RESERVES DOWN USD596 MILLION IN JUNE 4 Egypt’s Net International Reserves fell for the second time this year in June, declining USD596 million to USD16.7 billion, data released by the Central Bank of Egypt (CBE) showed...............4

AGRICULTURE................................................................. 5

EGYPT PLANS TAX ON WATER-INTENSIVE CROPS 5 Legislation for new tax on crops that are water intensive will be introduced by end of this year, Agriculture Minister Adel El-Beltagy said. .............................................................5

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FINANCE ........................................................................ 5

TREASURY YIELDS JUMP AFTER FUEL PRICE HIKE 5 Yields on Egyptian treasury bonds jumped last week, two days after fuel price hikes, which aimed to narrow the budget deficit.....................................................................5

INTERNATIONAL RELATIONS............................................ 5

EGYPTIAN DELEGATION IN UAE TO DISCUSS INVESTMENTS 5 A high-level delegation from Egypt's government travelled to the United Arab Emirates in the latest effort by the Arab world's most populous country to ensure investments keep flowing from its oil-rich neighbor...............................................................................5

TOURISM ........................................................................ 6

GERMAN TOUR OPERATORS RESUME TRIPS TO SHARM EL-SHEIKH 6

German tour operators said holiday makers may once again book trips to Egypt's Sharm el-Sheikh after the German foreign office had eased travel advice for the destination. ..................6

INVESTMENT .................................................................. 6

ABRAAJ SEEKS TO ACQUIRE MAJORITY STAKE IN BISCO MISR; SHAREHOLDERS INITIALLY AGREE 6

Abraaj Investment Management has made an approach to buy at least a 51% stake in Egypt's snack maker Bisco Misr,................................................................................6

IT & TELECOMMUNICATION ............................................. 7

NTRA LAUNCHES TENDER TO IMPROVE MOBILE NETWORK IN NORTHERN SINAI 7

The National Telecommunications Regulatory Authority (NTRA) has launched a tender offer that aims to augment mobile infrastructure in northern Sinai,.........................................7

MOBILE SERVICES SECTOR RECORDS 700,000 NET ADDITIONS IN APRIL 7

Egypt's mobile services sector added 700,000 subscribers in April to reach 101.9 million subscribers, according to Ministry of Communications and Information Technology data. ..........7

ENERGY SUBSIDY REDUCTION MAY INCREASE OPERATIONAL EXPENDITURE BY 50% FOR MOBILE OPERATORS 7


The recent energy subsidy reduction is likely to increase operational expenditure by about 50% to EGP12 billion per annum, ..........................................................................7

ENERGY ......................................................................... 8

EGAS REDUCES ALEXFERT'S NATURAL GAS SUPPLIES BY 30% 8 An unnamed source at Alexfert, a subsidiary of Egyptian Kuwaiti Holding (EK Holding),...........8

REAL ESTATE .................................................................. 8

SODIC PAYS EGP315 MILLION AS DOWN PAYMENT FOR NEW CAIRO LAND 8

Sixth of October Development and Investment Company (SODIC) has paid EGP315 million as a down payment for its recently secured 301 feddan land in New Cairo, the company announced in a disclosure. .............................................................................8

INDUSTRY ...................................................................... 8

GRAINCORP BUYS 10% OF EGYPT'S LARGEST PRIVATE FLOUR MILLER 8

Australian agribusiness GrainCorp Ltd said it has bought a 10% stake in Egypt's largest private flour miller,.............................................................................................8

LEGISLATIVE UPDATE ................................................... 9

BSAC PUBLICATIONS .................................................. 17

IMPORTANT LINKS...................................................... 19


Economy

MINISTER OF HEALTH RULES OUT PHARMACEUTICAL DRUG PRICE INCREASES

Source: Al Borsa, July 14, 2014 The Ministry of Health has ruled out price increases for pharmaceutical drugs to reflect energy cost hikes, as Minister Adel El Adawy said. For EIPICO, we do not expect a significant impact from higher energy prices. However, the company may witness some softening in margins as it runs its own distribution fleet; hence, we expect to see some increase in transportation costs. We have highlighted previously that EIPICO’s inflexibility in raising prices, as pricing is set and regulated by the government, will cap the company's ability to pass on price increases, a risk that it might face if the impact came more severe than our initial thoughts, in our view.

Contents

MINISTRY OF SUPPLY TO FIX PRICES FOR 30 FOODSTUFF GOODS; REACHES AGREEMENT WITH CARREFOUR

Source: Al Borsa, July 8, 2014

Egypt’s Ministry of Supply will fix prices for 30 foodstuff goods and has reached an agreement with top grocery retailer Carrefour (link here) to set prices in a move to curb inflation. The items to be price-controlled will be announced over the next few days and are expected to see fixed prices through 2015, according to an article in Al Borsa newspaper. The article noted that “essential goods” will see such price controls including poultry, meat and beans. Carrefour has refused raising prices as requested by some suppliers, the article added.

Contents

FOREIGN RESERVES DOWN USD596 MILLION IN JUNE

Source: Ahram Online, July 8, 2014 Egypt’s Net International Reserves fell for the second time this year in June, declining USD596 million to USD16.7 billion, data released by the Central Bank of Egypt (CBE) (link here) showed. We estimate import coverage dropped slightly to 3.4 months from 3.6 months in May. The reasons behind the decline remain unknown amidst the absence of any publicly known commitment (whether debt payments or foreign exchange auctions), as well as stable value of gold reserves. Saudi Arabia’s monthly oil supplies worth USD600 million are due to expire August, and should have prevented such a steep decline in reserves. In parallel, CBE Governor Hisham Ramez said Egypt paid USD700 million of its debt to the Paris Club (link here), leading to expectations of another decline in reserves in July barring any new aid inflows. Contents


Agriculture

EGYPT PLANS TAX ON WATER-INTENSIVE CROPS Source: Bloomberg, July 8, 2014 Legislation for new tax on crops that are water intensive will be introduced by end of this year, Agriculture Minister Adel El-Beltagy said. The proposal aims to improve productivity and water efficiency. The article added that there were also plans to reclaim 1.038 million acres of land before end of 2017 to boost domestic food output. Egypt is currently working on being self-sufficient in wheat cultivation, with plans to reach 75% self-sufficiency in wheat by 2018, 78% in corn and 82% in sugar.

Contents
Finance
TREASURY YIELDS JUMP AFTER FUEL PRICE HIKE

Source: Reuters, July 8, 2014 Yields on Egyptian treasury bonds jumped last week, two days after fuel price hikes, which aimed to narrow the budget deficit. The average yield on 1.5-year zero coupon bonds rose to 11.579% from 11.379% at the last auction on 23 June. The three-year bond yields rose to 12.690% from 12.579%.

Contents
International Relations
EGYPTIAN DELEGATION IN UAE TO DISCUSS INVESTMENTS Source: Ahram Online, July 8, 2014 A high-level delegation from Egypt's government travelled to the United Arab Emirates in the latest effort by the Arab world's most populous country to ensure investments keep flowing from its oil-rich neighbor. Egypt's Finance Minister Hany Kadry Demian, accompanied by Investment Minister Ashraf Salman and Petroleum Minister Sherif Ismail, told reporters they would be meeting with high-level Emirati officials and business leaders during the three-day visit to discuss investment opportunities in Egypt. Contents


Tourism

GERMAN TOUR OPERATORS RESUME TRIPS TO SHARM EL-SHEIKH Source: Reuters, July 13, 2014 German tour operators said holiday makers may once again book trips to Egypt's Sharm el-Sheikh after the German foreign office had eased travel advice for the destination. TUI Germany, part of Europe's largest tour operator, TUI Travel, said customers would be able to book trips from 21 July. The smaller tour operator FTI also said it was offering holidays to the beach resort. The German foreign office had advised against travel throughout the Sinai Peninsula back in February. This week, Germany changed its advice and now warns only against travel to the north of the peninsula. It advises avoiding the Nile delta and valley and recommends holiday makers exercise care when travelling to Egypt, even to Red Sea resorts.

Contents
Investment
ABRAAJ SEEKS TO ACQUIRE MAJORITY STAKE IN BISCO MISR; SHAREHOLDERS INITIALLY AGREE

Source: Al Mal, July 14, 2014 Abraaj Investment Management (link here) has made an approach to buy at

least a 51% stake in Egypt's snack maker Bisco Misr (link here), Bisco Misr said in a statement. Abraaj Investment Management will undertake due diligence over the coming two months, according to Marian Ghaly, Board Member of Bisco Misr. She added that 60% of shareholders have agreed to preliminary deal terms including the future strategy, deal timeline, an initial valuation (that exceeds current market value) and prospects for a future tender offer. Dubai-based Abraaj Capital, the Middle East's largest private equity firm, has been pushing to expand in emerging markets. Last year, Juhayna Food Industries (AmCham Member) (link here), Halwani Brothers (link here) (6001.SE) and Kraft Foods (AmCham Member) made bids to acquire Bisco Misr. The deals faltered because of a lack of agreement over the valuation of Bisco Misr’s land assets. Bisco Misr posted revenues of EGP124.9 million in 1Q2014 (+9% Y-o-Y) and earnings of EGP15 million (flat Y-o-Y).

Contents


IT & Telecommunication

NTRA LAUNCHES TENDER TO IMPROVE MOBILE NETWORK IN NORTHERN SINAI Source: TeleGeography, July 9, 2014 The National Telecommunications Regulatory Authority (NTRA) (link here) has launched a tender offer that aims to augment mobile infrastructure in northern Sinai, southern areas along the Red Sea, Halayeb and Shalateen. The regulator hopes to finalize the tender within two months, and has been sent to Vodafone Egypt (VFE) (AmCham Member) (link here), Mobinil (AmCham

Member) (link here) and Etisalat Group's Etisalat Misr (AmCham Member)

(link here). The project will be funded via the Universal Service Fund and aims to benefit 337,000 people. Contents

MOBILE SERVICES SECTOR RECORDS 700,000 NET ADDITIONS IN APRIL

Source: AlMal, July 10, 2014 Egypt's mobile services sector added 700,000 subscribers in April to reach 101.9 million subscribers, according to Ministry of Communications and Information Technology (link here) data. Vodafone Egypt's (VFE)

(AmCham Member) (link here) subscriber base increased by 330,000 subscribers (0.8%,42% market share) during April, reaching 42.47 million subscribers. Mobinil (AmCham Member) (link here) added 150,000 subscribers (0.4%,35% market share) to record 35.65 million subscribers, while Etisalat Group's Etisalat UAE (link here) added 220,000 (0.9%, 23% market share) subscribers to reach 23.81 million subscribers. Fixed-line additions were positive, with Telecom Egypt (AmCham Member) (link here) adding 200,000 (3%) new subscribers to reach 6.9 million subscribers. Contents

ENERGY SUBSIDY REDUCTION MAY INCREASE OPERATIONAL EXPENDITURE BY 50% FOR MOBILE OPERATORS Source: Youm7, July 13, 2014 The recent energy subsidy reduction is likely to increase operational expenditure by about 50% to EGP12 billion per annum, an anonymous National Telecommunications Regulatory Authority (NTRA) (link here) official said. Energy expenditure on fuel and electricity currently comprises about 40% of operational expenditure for the operators, he added. The operators are currently studying different solutions including alternative energy sources or product price increases to counter the higher costs, he said.

Contents


Energy

EGAS REDUCES ALEXFERT'S NATURAL GAS SUPPLIES BY 30% Source: Al Borsa, July 13, 2014 An unnamed source at Alexfert (link here), a subsidiary of Egyptian Kuwaiti

Holding (EK Holding) (link here), has revealed that the Holding Company

for Natural Gases (EGAS) (link here) has reduced natural gas supplies by 30% instead of the initially agreed upon 20% reduction. The source also added that the Ministry of Agriculture (link here) had backed down from its decision to increase the local urea prices to EGP1,800/tonne. Contents
Real Estate
SODIC PAYS EGP315 MILLION AS DOWN PAYMENT FOR NEW CAIRO LAND

Source: Company Disclosure, July 13, 2014 Sixth of October Development and Investment Company (SODIC) (AmCham Member) (link here) has paid EGP315 million as a down payment for its recently secured 301 feddan land in New Cairo, the company announced in a disclosure. The amount represents a 10% down payment on the total cost of land, as well as other administrative costs.

Contents
Industry
GRAINCORP BUYS 10% OF EGYPT'S LARGEST PRIVATE FLOUR MILLER

Source: Reuters, July 10, 2014 Australian agribusiness GrainCorp Ltd (link here) said it has bought a 10%

stake in Egypt's largest private flour miller, Five Star Flour Mills Co (link here), strengthening its relationship with the world's largest importer of wheat. The stake was worth about USD9.4 million and would be funded by cash reserves, GrainCorp said in a statement to the Australian stock exchange. "We are very pleased to consolidate our positive relationship with GrainCorp and to have our supplier of choice on board," Mahmoud el Shorbagi, chairman and managing director of Five Star Flour Mills said in the statement. "We are a major buyer of high quality hard, white wheat grown in eastern Australia."

Contents


Legislative Update

Law Status

On Amending Some Provisions Of Law 53/1973 Concerning The State General Budget (Law 72/2013)

Passed June 2013

Promulgating the Law on the Islamic Financial Instrument (The Sukuk Law) Passed May 2013

Amending Some Provisions of the Income Tax Law Promulgated by Law 91 of the year 2005 (Law 11/2013)

Passed May 2013

Amending Some Provisions Of The Stamp Duty Law Promulgated By Law No. 111 Of The Year 1980 As Amended By Decree-Law No. 104 Of The Year 2012

Passed April 2013

Exempting the Establishments and the Insured from the Additional Amounts due thereon to the National Organization for Social Insurance Passed February 2013 Constitutional Proclamation Passed November 2012 Special Raise To State Civil Servants (Law 82/2012) Passed July 2012

Increasing Pensions (Law 81/2012) Passed July 2012 Social Insurance and Pensions (Law 135/2010) Passed June 2010

Regulation of Nuclear and Radiation Activities (Law 7/2010) Passed

Organizing Customs Exemptions (Law 186/1986)

Executive Regulations amended by Decree 416/2010 (June 2010)

Licensing the Operation of Petroleum Refineries under the Free Zones System (Law 133/2010)

Passed June 2010

Regulation of Private Sector Participation in Infrastructure and Public Utilities Projects (Law 67/2010)

Passed May 2010

Bids and Tenders (Law 89/1998) Executive Regulations amended by Decree 347/2010 (May 2010)

Building (Law 119/2008) Executive Regulations amended by Decree 200/2010 (April 2010)

Capital Market (Law 95/1992) Executive Regulations amended by Decree 64/2010 (April 2010)

Agriculture (Law 53/1966) Regulations for export/import amended by Decree 1323/2009

Economic Courts (Law 119/2008) Executive Regulations amended by Decree 144/2009 (April 2009)

Environment (Law 4/1994) Amended by Law 9/ 2009 Control on Non Banking Financial Markets and Instruments (Law 10/2009) Passed March 2009

Supervision and Control of Insurance (Law 10/1981)

Executive Regulations amended by Decree 6/2009 (January 2009)

Property Tax (Law 196/2008) Passed – June 2008 Consumer Protection (Law 67/2006) Passed-Effective August 2006


Anti-trust and Competition (Law 3/2005) Passed (January 2005) + Executive regulations passed August 2005

Export-Import (Law 118/1975) Executive Regulations amended by Decree 770/2005 (August 2005)

Unified Income Tax (Law 91/2005) Passed (June 2005)+ Executive Regulations in effect as of July 2005

Investment Incentives and Guarantees (Law 8/1997) Amended by Law 94/2005

E-signature (Law 15/2004) Passed (April 2004) Customs (Law 66/1963) Amended by Law 14/ 2004 Real Estate Mortgage (Law 148/2001) Passed-Effective August 2003 Unified Banking and Central Bank (Law 88/2003) Passed- Effective July 2003

Money Laundering (Law 80/2002) Passed-New amendments added in June 2003

Labor (Law 12/2003) Passed Telecommunication Regulation (Law 10/2003) Passed

Export Promotion (Law 155/2002) Passed + Executive Regulations under discussion law in effect as of October 2002

Special Economic Zones (Law 83/2002) Passed + Executive Regulations in effect as of September 2002

Intellectual Property Rights (IPR) (Law 82/2002)

Passed + Executive Regulations in effect as of June 2002

Chambers of Commerce (Law 6/2002) Passed

General Sales Tax (Law 11/1991) Application of 2nd and 3rd phase of Sales Tax by Law 17/2001

Decree Description

Presidential Decree No. 193 Of The Year 2014 New

On 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 New

On Suspending the Exportation of Solvents

Ministry of Social Solidarity Decree No. 34 of the Year 2014 New

Concerning the Rules Enforcing the Social Insurance Law


On formation of ministers

Presidential Decree-Law No. 49 of the year 2014 New

On Amending Certain Provisions of the Penal Code,Criminal Procedure Law


On Increasing The Pensions as of 1/7/2014

Presidential Decree-law No. 50 of the year 2014 New

On Amending Certain Provisions of the Penal Code promulgated by Law No. 58 of the year 1937



On Imposing a Temporary Additional Tax on The Income


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. 48 of the year 2014 New

On Amending Certain Provisions of Law No. 89 of the year 1998 On Organizing Bids And Tenders


On Granting A Special Raise To The State Civil Servants

Ministry of Trade, Industry and Investment Decree No. 416 of the Year 2014 New

On Enforcing the Provisions of Import and Export Law


On Enforcing the Provisions of Import and Export Law referred to, in respect of the commodities imported under special conditions.


on Import and Export and the system of procedures for inspection and control of the imported and exported goods

Presidential Decree-law No. 39 Of The Year 2014 New

On Amending Some Provisions Of Law No. 35 Of The Year 1976

Ministry Of Tourism Decree No. 381 Of The Year 2014 New

Concerning tourist busses and transportation


On Applying the Summer Time System


Concerning maintenance and after-sales service to the products bearing specific global trademarks

Prime Minister Decree No. 831 of the Year 2014 New

On amending certain provisions in the decree No. 259 of the year 2007

Ministry of Investment Decree No. 259 of the Year 2007 New

Concerning the Determination of the Fees of Listing the Securities issued by the Small and Medium Enterprises

Ministry of Agriculture and Land Reclamation Ministerial Decree No. 764 of the Year 2013 New

Concerning The importation from China of animal and poultry products

Ministry Of Trade And Industry Decree No. 393 of the year 2008 New

Concerning service and Maintenance Centres

Decree No. 65 of the year 2014 by the ministry of finance New


Prime Minister Decree No. 377 of the year 2014 New

On establishing a Ministerial Committee for the Project of the Development of the Suez Canal Region


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


On forming the new Cabinet


On forming a ministerial committee for the settlement of investment disputes


On Amending Some Provisions of the Law on the Regulation of Universities, As Promulgated by Law No. 49 of the year 1972


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 New

On 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 New

Concerning the executive regulations promulgated by the Minister of Tourism Decree No. 209 of the year 2009

Decree No. 23 for the year 2014 New (January 2014)

On Determining the Rules and Conditions of Certain Provisions of Presidential Decree No. 184/2013 Concerning the Issuance of Custom Tariffs

Decree No. 209 of the Year 2009 Amended by Decree No. 63 of the Year 2014 New (February 2014)

Concerning Executive Regulations Promulgated by the Minister of Tourism

Prime Minister Decree No. 1478 for the Year 2013 New (December 2013)

On Utilization of Black Sands

The Ministry of Tourism Decree No. 777 for the year 2013 New (December 2013)

On Regulating the Tourist companies

Prime Minister Decree No. 22 for the year 2014 New (January 2014)

On Overall Monthly Wages and Incomes of Civil Servants

Decree-Law of the President of the Arab Republic of Egypt No. 160 of the Year 2013 (December 2013) New

On Amending Some Provisions of the Traffic Law Promulgated by Law No. 66 of the Year 1973


Ministerial Decree No. 448/2007 Amended by Decree No. 626/2013 (September 2013)

On Licensing the Activity or Recording in the Industrial Register Regarding the Lands were Allocated in the Industrial Zones

Prime Minister Decree No. 1138/2013 Amending Prime Minister Decree No. 144/2013 (October 2013)

On establishing a Ministerial Committee for the Project of the Development of the Suez Canal Region

Decree No. 685/ 2013 by Ministry of Trade and Industry (October 2013)

On Levying an Export Duty on the Exports of Nitrogenous Fertilizers

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

Decree 468/2013 (August 2013) On Amending Certain Provisions of Ministerial Decree no. 770 of 2005

Decree 465/2013 (July 2013) In Respect of Cancelling the Export Duty

Imposed on Some Feedstuff Items

Decree 223/2013 (June 2013)

On Regulating the Packing and Trading Activities Related to the Pasta, Vegetable

Oils and Margarine

Decree 371/2013 (June 2013)

On the commitment to Produce and Import According to the Egyptian Standard

Specifications

Decree 333/2013 (June 2013) On Amending the Executive Regulation of

the Income Tax Law

Decree 335/2013 (June 2013) On Amending Some Provisions of the

Executive Regulations of the Stamp Law

CBE Resolution 1010 (June 2013) On the Limitations of Exercising

Bancassurance by Banks

Annex (1) of Decree 310/2013 (May 2013) Provisions of Decree 301/2013 Of the Tax

Apply

Decree 310/2013 (May 2013)

On the Determination of Percentages, Commodities and Rentals on Which the

System of Addition for Account of the Tax Shall Apply


Decree 204/2013 (April 2013) On Amending Some Provisions of the

Executive Regulations of the Customs Law

Decree 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 133/2013 (April 2013)

On the Amendment of Some Provisions of the Executive Regulations Implementing

the Industrial Register Law Presidential Decree 184/2013 (March 2013) On Issuing Harmonized Customs Tariff

Decree 241/2013 (March 2013) On the Compulsory Pricing and

Determination of Energy Materials

Decree 123/2013 (March 2013) On Imposing An Export Duty on Certain

Kinds of Scrap and Lead Materials

Decree 170/2013 (March 2013)

Applications for Establishing Tourism Companies Will Not Be Accepted for One

Year Decree 144/2013 (February 2013) Amending the Formation of the Cabinet

Decree 110/2013 (February 2013) On Pricing and Selling of Petroleum, Natural Gas, and Mazut

Decree 61/2013 (February 2013) Amending Certain Provisions of The Statute Of Rules Enforcing The Provisions Of Law

On Import And Export

Decree 44/2013 (February 2013) On continuing Imposing an Export Duty on Blocks of Crude Marble and Granite

Presidential Decree 80/2013 (February 2013)

Amending Decree no. 176/2005 on Increasing Pensions

Presidential Decree-Law 160/2012 (December 2012)

Amending Some Provisions of Law No. 88 Of The Year 2003

Decree 993/2012 (December 2012) On the Termination of Ministerial Decree No.

430 of the year 2012

Decree 290/2012 (December 2012)

On The Identification Of The Rules And Limitations Of Acquisition/Usufruct Right In

Sinai Peninsula

Decree 961/2012 (December 2012) Amending Import and Export Decree 770 of

the year 2005 Presidential Decree 93/2012

(November 2012) 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 Decree 636/2012 (October 2012) Amending decree no. 121

Decree 767/2012 (September 2012) On the Export of Rice


Decree 736/2012 (September 2012)

Amending Certain Provisions of The Statute Of The Rules Enforcing The Provisions Of

Law On Import And Export

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

Decree 709/2012 (September 2012) On the Compliance with the Special

Egyptian Standard Specifications

Decree 696/2012 (September 2012) On Imposing an Export Duty on Certain

Kinds of Scrap and Materials

Decree 694/2012 (September 2012) On Terminating Applying the Provisions of

Ministerial Decree No. 902 of the Year 2001 Decree 533/2012 (August 2012) On the Regulation of Tourism Companies

Decree 85/2012 (August 2012) On Amending the Press Law No. 96 of the

Year 1996.

Contents



BSAC Publications 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.

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. For details on how to order, Please Click Here

Contents


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


Documents

saasaMay 15, 2004 - AmChamabraaj seeks to acquire majority stake in bisco misr; SHAREHOLDERS INITIALLY AGREE 6 Abraaj Investment Management has made an approach to buy at least a 51%