Upload
others
View
2
Download
0
Embed Size (px)
Citation preview
December 1, 2013
AGRICULTURE ................................................................. 4
EU AND MINISTRY OF INTERNATIONAL COOPERATION SIGN
AGREEMENT 4 The Ministry of International Cooperation signed on November 25 a new agreement,
Improved Water and Wastewater Services Program II (IWSP II) ..................................... 4
EGYPT SUSPENDS RICE EXPORTS UNTIL FURTHER NOTICE 4 Egypt suspended rice exports less than a week after issuing licenses to sell the grain abroad,
stated by the head of the rice committee of Egypt's Agricultural Export Council ..................... 4
CONSTRUCTION .............................................................. 5
BUILDING MATERIALS SOCIETY REQUESTS INDICATIVE PRICES
FOR STEEL 5 The Building Materials Society at the Cairo Chamber of Commerce sent a memo to the Ministry
of Supply and Internal Trade requesting the application of indicative prices for steel products. ...... 5
-1- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
MNHD TO START CONSTRUCTION OF 66 BUILDINGS IN TAG
SULTAN 5 Madinet Nasr Housing and Development Company (MNHD) has approved assigning
construction work of 66 buildings in its Tag Sultan project to a number of contractors.. ............. 5
ECONOMY ...................................................................... 5
MINISTER OF FINANCE: WORLD BANK AGREES ON FINANCIAL PACKAGE; EGYPT NEGOTIATES WITH SAUDI ARABIA OVER NEW
AID 5 The World Bank approved a financial aid package for Egypt aimed at funding several projects. ..... 5
ITALY PROVIDES USD66 MILLION GRANT TO DEVELOP SUPPLY
SECTOR IN EGYPT 6 Italy has allocated a grant worth USD66 million for Egypt to develop its supply sector,
according to an official statement from the Ministry of Supply and Internal Trade. .................. 6
EUROMONEY TO HOLD EGYPT-GCC INVESTMENT FORUM IN
CAIRO DECEMBER 4-5 6 Euromoney (link here) Conferences announced that it will return to Cairo on the 4-5 December
for the inaugural Egypt/Gulf Cooperation Council (GCC) ............................................ 6
ENERGY ......................................................................... 7
EGYPT TO SIGN NEW DEALS WITH FOREIGN GAS FIRMS 7 Egypt is revising the prices it pays to buy gas from foreign energy companies operating in the
country and plans to sign new contracts to ‘reassure’ the firms. ....................................... 7
FUEL SUBSIDIES TO BE CUT GRADUALLY OVER FIVE TO SEVEN
YEARS 7 Interim Prime Minister Hazem El-Beblawi announced that the cutting of fuel subsidies will be
implemented gradually over a period of five to seven years. ........................................... 7
FINANCE ........................................................................ 7
MINISTRY OF FINANCE ISSUES GUIDELINES FOR FY2014/15
BUDGET 7 The Ministry of Finance issued guidelines for the FY2014/15 budget. In the guidelines ............. 7
IT & TELECOMMUNICATION ............................................. 8
-2- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
TE IN NEGOTIATIONS WITH CHINESE COMPANIES TO
EXTEND MARINE CABLE WORTH USD600 MILLION 8 Telecom Egypt (TE) is currently in negotiations with Chinese companies to extend marine
cables to connect Europe and China through Egypt with a total investment of USD600 ............. 8
INAUGURATION OF THE FIRST E-WASTE RECYCLING FACTORY
IN 6TH OF OCTOBER CITY 8 The Minister of Communications and Information Technology (MCIT), Atef Helmy and the Minister of State for Environmental Affairs (MSEA), Leila Iskandar inaugurated on November
19 the International Technology Group (ITG) factory for e-waste recycle. ........................... 8
INDUSTRY ...................................................................... 9
EGYPT GOVERNMENT TO SPEND EGP4 BILLION TO
RESTRUCTURE SPINNING AND WEAVING SECTOR 9
MINISTRY OF TRADE AND INDUSTRY DECIDES NOT TO RENEW
ANTI-DUMPING FEES ON STEEL 9
RETAIL ........................................................................... 9
EGYPT LARGEST SUPERMARKET DEAL WITH DUBAI COLLAPSES
9
TOURISM ...................................................................... 10
RUSSIA LIFTS TRAVEL WARNING ON EGYPT 10
PROJECTS ..................................................................... 10
TETRA PAK IS TO INVEST 250 THOUSAND EUROS IN RECYCLING
10
LEGISLATIVE UPDATE ................................................. 11
BSAC PUBLICATIONS .................................................. 18
IMPORTANT LINKS ...................................................... 20
-3- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
Agriculture
EU AND MINISTRY OF INTERNATIONAL COOPERATION SIGN AGREEMENT
Source: Daily News Egypt, November 26, 2013
The Ministry of International Cooperation (link here) signed on November
25 a new agreement, Improved Water and Wastewater Services Program II
(IWSP II), with a number of European bodies. Among the signatories with the
ministry were the European Union (EU) (link here), German Development
Bank (KFW) (link here), French Development Agency (AFD) (AmCham
Member) (link here), European Investment Bank (EIB) (link here), and
Swiss State Secretariat for Economic Affairs (SECO) (link here).The
project will be jointly financed, with Germany‟s KFW being the lead financing
institution, and will cost around EUR 303m. The European development partners
will contribute EUR 209m, 69% of the total cost, while the Egyptian government
will provide EUR 94m, the remaining 31%.
The EU‟s contribution is this project will be EUR 23m, provided as a grant.
The new project will be implemented in Qena, Sohag, Assiut and Minya, all in
Upper Egypt, and will provide clean drinking water and safe sanitation for about
15.3m people.
The program includes rehabilitation projects for existing water and sanitation
facilities as well as the construction of new ones with the aim to improve the
health of the population in the targeted governorates. The project will be
implemented over a period of five years, followed by a 30 month closure phase.
The structure of the IWSP II will be similar to the IWSP I, which was implemented
in four Nile Delta governorates. The first project cost around EUR 295.1m and
was also jointly financed by the KFW, AFD, the EIB, EU and the Egyptian
government. Currently, 21 projects are under implementation by Egyptian
contractors and consultants. Another cooperation program that was signed the
same day was the “Umbrella Agreement”. The EUR 52.3m agreement is between
the AFD, the EU and the Egyptian government.
Contents
EGYPT SUSPENDS RICE EXPORTS UNTIL FURTHER NOTICE
Source: Beltone, November 26, 2013
Egypt suspended rice exports less than a week after issuing licenses to sell the
grain abroad, stated by the head of the rice committee of Egypt's Agricultural
Export Council (link here) on November 19. Egypt granted licenses allowing
exporters to sell 102,000 tons of white medium-grain rice in a tender. The
licenses allowed the export of rice for a period until January 15. Egypt has an
exportable surplus estimated at 800,000 tons of rice this year. Egypt's local
consumption amounts to around 4 million tons of white rice per year, of which
around 1.1 million tons are used for its subsidized rice program.
The export halt decision was made by the Prime Minister to ensure that citizens'
local needs of rice are met and to ensure rice is available for the food subsidy
program. The restrictions on Egyptian rice exports are also meant to keep prices
in the local market stable, but rice exporters have complained that the ban on
free exports has led to the rise of a contraband trade by creating a large price
difference between domestic and export markets.
Contents
-4-Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
Construction
BUILDING MATERIALS SOCIETY REQUESTS INDICATIVE PRICES FOR STEEL
Source: Al Boursa, November 20, 2013
The Building Materials Society at the Cairo Chamber of Commerce (link here)
sent a memo to the Ministry of Supply and Internal Trade requesting the
application of indicative prices for steel products, due to the rise of over
EGP500/tonne.
However, the official spokesman for the ministry announced that it would be
unable to set indicative prices on steel as costs are associated with international
raw material prices and FX rates. According to the report, steel prices for Ezz
Steel (AmCham Member) (link here) came in at EGP4,870 ex-factory price and
EGP5,030 to the end customer. Beshay Steel (link here) prices recorded
EGP5,050/tonne for the end customer.
Contents
MNHD TO START CONSTRUCTION OF 66 BUILDINGS IN TAG SULTAN
Source: Company Disclosure, November 20, 2013
Madinet Nasr Housing and Development Company (MNHD) (link here) has
approved assigning construction work of 66 buildings in its Tag Sultan project to
a number of contractors, the company announced in a disclosure. The estimated
construction cost for those buildings totals EGP122.5 million, as per the company
disclosure.
Contents
Economy
WORLD BANK AGREES ON FINANCIAL PACKAGE
Source: Beltone, November 28, 2013
The World Bank (AmCham Member) (link here) approved a financial aid
package for Egypt aimed at funding several projects. The Minister of Finance
Ahmed Galal identified four main projects the World Bank will fund in the areas of
social development, education, health, infrastructure, as well as fighting poverty.
He did not specify the amount, but said a World Bank mission is expected to
arrive to Cairo next week to finalize the details.
However, unnamed sources said that the loan is expected to be around USD2
billion, with a grace period of seven years and an interest rate of 1% to be paid
over 20 years. Galal also said Egypt is negotiating with Saudi Arabia over a new
aid package expected to be finalized by the beginning of next month. The amount
will be identified soon. However, the sources revealed that the amount could be
around USD5 billion in the form of grants for petroleum products and
development projects.
Contents
-5- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
ITALY PROVIDES USD66 MILLION GRANT TO DEVELOP SUPPLY SECTOR
Source: Beltone, November 24, 2013
Italy has allocated a grant worth USD66 million for Egypt to develop its supply
sector, according to an official statement from the Ministry of Supply and Internal
Trade. Italy allotted USD45 million to build grain silos in the Giza governorate.
The Minister of Supply and Internal Trade noted that USD21 million has been
assigned to develop bread bakeries in Sheikh Zayed.
Minister Abu Shady met on November 21 with Italy‟s ambassador to Cairo
Maurizio Massari to discuss joint cooperation projects between the two countries
in the field of sustainable development. The parties agreed to create a joint
committee made up of the ministry‟s experts and embassy‟s technical office to
develop a plan for the projects‟ implementation.
Contents
EUROMONEY TO HOLD EGYPT-GCC INVESTMENT FORUM IN CAIRO
Source: Ministry of Investment, November 19, 2013
Euromoney (link here) Conferences announced that it will return to Cairo on
the 4-5 December for the inaugural Egypt/Gulf Cooperation Council (GCC)
(link here) Investment Forum. This timely event will bring together key Egyptian
and GCC investors, financiers and partners to debate and discuss the significant
investment opportunities present in Egypt‟s economic restructuring, according to
the press release.
This unique forum will focus on fostering ongoing strategic partnerships between
Egypt and the GCC as both parties look towards a future of continued
collaboration and increased economic stability in the region.
Through a series of targeted workshops this forum will look closely at the main
industry sectors. Topics will include: renewable energy, housing and real estate,
agriculture and food, hydrocarbons, IT and telecommunications, transportation,
infrastructure, and tourism.
The Egyptian Ministry of Investment (link here) and the United Arab
Emirates in partnership with Euromoney will welcome to Cairo distinguished
delegates from across Egypt and the GCC. Together we will provide a platform to
establish clear solutions for how to progress amidst the challenges of the current
economic environment.
Contents
-6- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
EGYPT TO SIGN NEW DEALS WITH FOREIGN GAS FIRMS
Source: Reuters, November 25, 2013
Egypt is revising the prices it pays to buy gas from foreign energy companies
operating in the country and plans to sign new contracts to „reassure‟ the firms.
The Minister of Petroleum Sherif Ismail said state-run Egyptian Natural Gas
Holding Company (EGAS) (link here) would sign seven new contracts and
modify seven others within two weeks.
The effort is aimed at finding the required balance between the interests of the
government and the companies, explaining that the price that Egypt pays foreign
firms for gas they produce in the country is "no longer appropriate in the current
time". The Minister did not say how the prices would change or which companies
were involved in the negotiations.
Contents
FUEL SUBSIDIES TO BE CUT GRADUALLY OVER FIVE TO SEVEN YEARS
Source: Daily News Egypt, November 26, 2013
Interim Prime Minister Hazem El-Beblawi announced that the cutting of fuel
subsidies will be implemented gradually over a period of five to seven years.
El-Beblawi added that the plan would not affect the low income citizens and would
gradually decrease the subsidies on “those who can handle these cuts,” referring
to upper-middle income earners, until the subsidized amount reaches the
targeted citizens.
The prime minister said the plan to cut fuel subsidies would be initiated in 2014,
raising concerns among citizens as to how the decision would increase their share
of the economic burden. El Beblawi stated that the subsidies program is currently
consuming a fifth of the budget, which he called “unsustainable”. “It is not only
high, but it is increasing,” he added.
During the Euromoney (link here) conference earlier this month, Minister of
Finance Ahmed Galal said that there will be two main stages to the plan, starting
with the distribution of smart cards to fight smuggling.
Contents
Finance
MINISTRY OF FINANCE ISSUES GUIDELINES FOR FY2014/15 BUDGET
Source: Beltone, November 28, 2013
The Ministry of Finance (link here) issued guidelines for the FY2014/15
budget. In the guidelines, the Ministry stressed on the importance of social
spending in the budget especially on food subsidies, health, and education. It
alluded to the importance of abiding by the concept of having the treasury single
account (TSA) in the Central Bank of Egypt (link here). It stated that when
requesting investment-spending allocation, the ministries should clarify their
investment criteria and should abide by these allocations.
-7- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
The guidelines also stated that any new employment in the public sector should
be based on actual needs. It reiterated that 10% of monthly revenue of special
funds should be transferred to the treasury. It also stressed the importance of
rationing government purchases of goods and services and limiting them to only
what is extremely necessary. The Ministry of Finance underscored the importance
of maintenance work that would save the country‟s productive capacity. It finally
stated that it is pushing for water and electricity conservation, which will be
reflected in spending in the upcoming budget.
Contents
IT & TelecommunicationTE IN NEGOTIATIONS WITH CHINESE COMPANIES TO EXTEND MARINE CABLE
Source: Beltone, November 26, 2013
Telecom Egypt (TE) (AmCham Member) (link here) is currently in negotiations
with Chinese companies to extend marine cables to connect Europe and China
through Egypt with a total investment of USD600 million, the CEO Mohamed el
Nawawy stated. The construction of the cable should start at the beginning of
2014. No further details were disclosed as to TE‟s share in the project or the
timeline of delivery.
The news confirms the company‟s guidance that new cable contracts are expected
to be signed by 2014 to construct cables. It is expected that the annual cable
revenue of EGP660 million from 2014-2017, in line with the company‟s previous
guidance, including 50% recurring revenue and 50% of new projects.
Contents
INAUGURATION OF THE FIRST E-WASTE RECYCLING FACTORY IN 6TH OF OCTOBER CITY
Source: Ministry of Communications and Information Technology (MCIT), November 19, 2013
The Minister of Communications and Information Technology (MCIT), Atef Helmy
and the Minister of State for Environmental Affairs (MSEA), Leila Iskandar
inaugurated on November 19 the International Technology Group (ITG) factory
for e-waste recycle. The factory, first of its kind in Egypt, is located at the
industrial area of the Sixth of October City.
The project aims to benefit from the neglected resources and electronic waste,
and use them in the best way to extract precious metals which are part of
different industries, like copper, gold, silver, platinum, iron, aluminum, tin, plastic
and others. The newly established factory recycles laptops, mobile devices,
printers, network devices, cables, faxes and photocopiers among many others,
relying on the latest technologies and environmental-friendly production lines.
The new factory will provide job and training opportunities for youth in new fields
like environment technology that aims to protect the ecosystem by recycling e-
waste in safe and healthy methods. 340 direct and indirect job opportunities were
provided by the factory. According to the factory future prospects, in December
-8- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
2014, this number will attain 1250 between direct and indirect job opportunities.
On the margins of the inauguration events, Helmy and Iskandar signed a
cooperation protocol between the two ministries to activate environmental-
friendly communications and information technology (ICT). The protocol comes as
part of the ongoing efforts aiming to maximize the eco-friendly ICT tools to push
forward towards an eco-friendly economy and support different patterns of
sustainable development in the field, being a main development pillar locally,
regionally and internationally.
Contents
IndustryEGYPT GOVERNMENT TO SPEND EGP4 BILLION TO RESTRUCTURE SPINNING AND WEAVING SECTOR
Source: Beltone, November 21, 2013
The Egyptian government has decided to sell assets belonging to state-owned
spinning and weaving companies in an attempt to settle their debt with the
National Investment Bank (link here). Cabinet spokesman Hani Salah
announced the decision on November 19, citing it as part of a plan to develop the textile sector.
Restructuring the sector will cost the state EGP4 billion, which will be financed
through selling unused land owned by the companies in addition to governmental
aid, chairman of the Spinning and Weaving Holding Fouad Abdel-Aleem said. He
added that the development plan is under review by a consultancy firm. Currently
there are 32 spinning and weaving public companies employing around 58,000
workers.
Contents
MINISTRY OF TRADE AND INDUSTRY DECIDES NOT TO RENEW ANTI-
DUMPING FEES ON STEEL
Source: Al Mal, November 21, 2013
The committee in charge of studying the application of anti-dumping fees on steel
within the Ministry of Trade and Industry (link here) decided not to extend
the fees on steel imports. The ministry had applied antidumping fees of 6.8% for a period of 200 days which ended in June 2012.
Contents
Retail
EGYPT LARGEST SUPERMARKET DEAL WITH DUBAI COLLAPSES
Source: Ahram Online, November 25, 2013
Dubai retail firm Majid Al Futtaim (MAF) (AmCham Member) (link here) said
on November 25 that talks to buy Egypt's largest supermarket chain from family-
owned Mansour Group (link here) have collapsed. MAF, which is the sole
franchisee of French hypermarket chain Carrefour (link here) in the Middle East,
was in advanced negotiations to buy Mansour Group's Metro (link here) chain
-9- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
and discount grocery store Kheir Zaman. A deal was seen worth between USD 200 million to USD 300 million.
MAF said in a statement both parties have agreed to end discussions and will
build their businesses in Egypt independently. In September, a senior company
official said that it would not pursue investments in Egypt and Syria until stability returns to the two countries.
"Egypt is still unstable, we are waiting for it to settle down but we are still in
negotiations. As for Syria, any investor will hold back. It's not good to move
forward now with the revolution going on," Younus Al-Mulla, MAF's senior vice
president for retail international development, told reporters at the opening of a new Carrefour hypermarket near Abu Dhabi in September.
Contents
Tourism
RUSSIA LIFTS TRAVEL WARNING ON EGYPT
Source: Ahram Online, November 24, 2013
Russia has lifted its travel warning on Egypt, Tourism Minister Hisham Zaazou
announced on November 21, saying he received the news from the Russian
ambassador in Cairo. 22 countries have lifted their travel warnings on Egypt,
following recent decisions by Cyprus, Italy, and now Russia. Zaazou welcomed
the decision as a very positive sign. Russia is the biggest source of tourists in Egypt, with around 1.7 million visiting in the first eight months of 2013.
Contents
Projects
TETRA PAK IS TO INVEST 250 THOUSAND EUROS IN RECYCLING
Source: Ministry of Investment, November 19, 2013
Andres Lindgren managing director of Tetra Pak (AmCham Member) (link here) says that "there are about 30 thousand tons of cartoon”. The company recycles about 5-6% of this amount and planning to get the amount of 50% in 2020".
Lindgren said " We are working with the Ministry of State for Environmental
Affairs (MSEA) (link here) and NGOs which help people and youth to work on
the beverage recycling which acquires about 90% of the cartoon UBS".
Tetra Pak providing the processing and packaging solutions to the Egyptian food
industry for the past 32 years and it produce about 3 billion packages if juices, milk and cheese one billion for each.
Contents
-10- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
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
-11- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
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 Status
On Licensing the Activity or Recording in the Industrial Register Regarding the Lands were Allocated in the Industrial Zones
Ministerial Decree No. 448/2007 Amended by Decree No. 626/2013 (September 2013) New
On establishing a Ministerial Committee for the Project of the Development of the Suez Canal Region
Prime Minister Decree No. 1138/2013 Amending Prime Minister Decree No. 144/2013 (October 2013) New
On Levying an Export Duty on the Exports of Nitrogenous Fertilizers
Decree No. 685/ 2013 by Ministry of Trade and Industry (October 2013) New
On Amending Certain Provisions of the Executive Regulations of the Customs Law as Issued by the Ministerial Decree No. 10/2006
Ministerial Decree No. 491/2013 (October 2013) New
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. 714/2013 (August 2013) New
On Establishing a Committee Entrusted with Examining the Contracts Concluded Between Investors and State-Affiliate Entities
Prime Minister Decree No. 1067/2012 Amended as Per Nos. 1299/2013 and 998/2013 (November 2013) New
Concerning the Rules Governing the Payment of the Monthly Special Raise
Determined According to Law no. 78 of 2013 Decree 422/2013 (August 2013)
-12- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
On Cancelling Law no. 135 of 2012, Promulgating Social Insurance and
Pensions Law, and Amending Certain Provisions of Social Insurance Law
Presidential Decree-Law 79/2013 (August 2013)
On Granting a Special Raise to the State Civil Servants
Presidential Decree-Law 78/2013 (August 2013)
On Amending Certain Provisions of Ministerial Decree no. 770 of 2005 Decree 468/2013 (August 2013)
In Respect of Cancelling the Export Duty Imposed on Some Feedstuff Items Decree 465/2013 (July 2013)
On Regulating the Packing and Trading Activities Related to the Pasta, Vegetable
Oils and Margarine Decree 223/2013 (June 2013)
On the commitment to Produce and Import According to the Egyptian Standard
Specifications Decree 371/2013 (June 2013)
On Amending the Executive Regulation of the Income Tax Law Decree 333/2013 (June 2013)
On Amending Some Provisions of the Executive Regulations of the Stamp Law Decree 335/2013 (June 2013)
On the Limitations of Exercising Bancassurance by Banks CBE Resolution 1010 (June 2013)
Provisions of Decree 301/2013 Of the Tax Apply Annex (1) of 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 310/2013 (May 2013)
On Amending Some Provisions of the Executive Regulations of the Customs Law Decree 204/2013 (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 8/2013 (April 2013)
On the Amendment of Some Provisions of the Executive Regulations Implementing
the Industrial Register Law Decree 133/2013 (April 2013)
On Issuing Harmonized Customs Tariff Presidential Decree 184/2013 (March 2013)
On the Compulsory Pricing and Determination of Energy Materials Decree 241/2013 (March 2013)
On Imposing An Export Duty on Certain Kinds of Scrap and Lead Materials Decree 123/2013 (March 2013)
Applications for Establishing Tourism Companies Will Not Be Accepted for One
Year Decree 170/2013 (March 2013)
Amending the Formation of the Cabinet Decree 144/2013 (February 2013)
On Pricing and Selling of Petroleum, Natural Gas, and Mazut
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)
-13- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
On continuing Imposing an Export Duty on Blocks of Crude Marble and Granite
Decree 44/2013 (February 2013)
Amending Decree no. 176/2005 on Increasing Pensions
Presidential Decree 80/2013 (February 2013)
Amending Some Provisions of Law No. 88 Of The Year 2003
Presidential Decree-Law 160/2012 (December 2012)
On the Termination of Ministerial Decree No. 430 of the year 2012 Decree 993/2012 (December 2012)
On The Identification Of The Rules And Limitations Of Acquisition/Usufruct Right In
Sinai Peninsula Decree 290/2012 (December 2012)
Amending Import and Export Decree 770 of the year 2005 Decree 961/2012 (December 2012)
Amendment Of Some Provisions Of Law No. 155 Of The Year 2007 on Education
Presidential Decree 93/2012 (November 2012)
On the Identification of the Delay Fine and Service Fees of Re-Entry and Modification
of Data at the Ports Decree 11/2012 (November 2012)
Amending Some Provisions Of The Executive Regulations Implementing The
Provisions Of Import And Export Law Decree 859/2012 (October 2012)
Amending Some Provisions, Rules And Procedures Of The Human Drugs
Registration Decree 645/2012 (October 2012)
Amending Certain Provisions of the Protection of the River Nile and Waterways
Against Pollution Decree 383/2012 (October 2012)
Amending decree no. 121 Decree 636/2012 (October 2012)
On the Export of Rice Decree 767/2012 (September 2012)
Amending Certain Provisions of The Statute Of The Rules Enforcing The Provisions Of
Law On Import And Export Decree 736/2012 (September 2012)
On Ceasing the Application of Ministerial Decree No. 430 of the Year 2012 Decree 718/2012 (September 2012)
On Terminating the Investigation Procedures Regarding the Great Increase in
Woven and Mixed Cotton Fabrics Imports Decree 693/2012 (September 2012)
On the Compliance with the Special Egyptian Standard Specifications Decree 709/2012 (September 2012)
On Imposing an Export Duty on Certain Kinds of Scrap and Materials Decree 696/2012 (September 2012)
On Terminating Applying the Provisions of Ministerial Decree No. 902 of the Year 2001 Decree 694/2012 (September 2012)
On the Regulation of Tourism Companies Decree 533/2012 (August 2012)
On Amending the Press Law No. 96 of the Year 1996. Decree 85/2012 (August 2012)
On the Issuance of the Statute of the National Authority for the Development of
Sinai Peninsula Prime Minister Decree 915/2012 (August
2012)
Regarding the Practicing of the Pharmaceutical Profession Decree 622/2012 (August 2012)
On the Procedures of Registration and Control of Locally Manufactured Cosmetics Decree 498/2012 (August 2012)
-14- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
Granting a Special Raise of 15% to State and Private Servants Decree 82/2012 (August 2012)
Imposing Final Precautionary Measures On Cotton and Mixed Yarn Imports Decree 589/2012 (July 2012)
On Establishing the National Council for Industry Quality Assurance Decree 568/2012 (July 2012)
On the Abidance by the Egyptian Standard Specifications During Production Decree 541/2012 (July 2012)
Provisions Of The Social Insurance Law Decree 102/2012 (July 2012)
Regarding Banderoles and Sticking Procedures Decree 293/2012 (July 2012)
Imposing An Export Duty On Certain Kinds Of Scrap And Materials Decree 483/2012 (June 2012)
On Imposing Temporary Precautionary Measures on Imports of Polypropylene
Items Decree 430/2012 (June 2012)
Amending Provisions of Organizing Tourist Companies Law Decree 301/2012 (May 2012)
Amending Provisions of Executive Regulations Implementing Capital Market
Law Decree 572/2012 (May 2012)
Amending Provisions of Import/Export Law Decree 384/2012 (May 2012)
Amending Provisions of Import/Export Law Decree 384/2012 (May 2012)
Regarding Electronic Publication of Government Tenders and Auctions Prime Minister Decree 463/2012 (May 2012)
Amending the Executive Regulations Implementing Cantral Depository and
Registry of Securities Prime Minister Decree 421/2012 (April 2012)
Loading/Unloading Rates and Compliance of Companies and Shipping Agencies Decree 142/2012 (April 2012)
Provisions of Maximum Limit of Incomes and Minimum Limit Prime Minister Decree 322/2011 (April 2012)
Amending Provisions of Import/Export Law Decree 219/2012 (March 2012)
Determining Certain Customs Duties Exemptions
Prime Minister Decree 297/2012 (March 2012)
Establishment of Tourism Companies Decree 151/2012 (March 2012)
To Install Tracking Devices in Tourism Vehicles
Ministerial Decree 121/2012 (March 2012)
Temporary Precautionary Measures on Woven And Mixed Cotton Fabrics Imports
Ministerial Decree 116/2012 (February 2012)
Determining Certain Customs Duties Exemptions regarding Sugar Imports
Prime Minister Decree 165/2012 (February 2012)
Tax Accounting Rules and Principles for Small Enterprises and Procedures of Tax Collection on their Profits
Ministerial Decree 54/2012 (February 2012)
The Integrated Development of the Sinai Peninsula
Supreme Council of the Armed Forces Decree-Law 14/2012 (January 2012)
Establishing Incentives for Settlement of Taxes
Supreme Council of the Armed Forces Decree-Law 11/2012 (January 2012)
Formation of the Ministerial Group for Settlement of Investment-related Disputes
Prime Minister Decree 32/2012 (January 2012)
Forming a Committee for Examining the Contracts That Have Been Signed Between Investors and State-Affiliate Entities
Prime Minister Decree 1009/2011 (August 2011)
-15- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
The Regulation of Public Business Sector Ministry
Supreme Council of the Armed Forces Decree 156/2011 (July 2011)
Restaurants and Tourist Shops Ministerial Decree 300/2011 (June 2011)
Pegging the State General Budget for the Fiscal year 2011/2012 and Amending some provisions of the Income Tax Law
Supreme Council of the Armed Forces Decree- Law 51/2011 (June 2011)
Amending Certain provisions of the General Sales Tax Law 11/1991
Supreme Council of the Armed Forces Decree- Law 49/2011 (June 2011)
Imposing an Export Duty on Blocks of Crude Marble and Granite
Decree 278/2011 (June 2011)
Imposing an Export Duty on Certain Kinds of Scrap and Materials
Decree 277/2011 (June 2011)
Obligation to Produce and to Trade according to the Standard Specifications
Ministerial Decree 266/2011 (June 2011)
Imposing Power Consumption Labels to be Fixed on Home Appliances and Electric Lamps
Decree 171/2011 (May 2011)
Formation of the Ministerial Group for Settlement of Investment-related Disputes
Prime Minister Decree 461/2011 (April 2011)
Conditions and Procedures of Granting Work Licenses to Foreigners
Ministerial Decree 90/2011 amending certain articles of Decree 292/2010 (April 2011)
Amending Labor Law 12/2003 Prime Minister Decrees 526-530/2011 (April 2011)
Temporarily Stop Acceptance of Applications for Establishing Tourism Companies
Ministerial Decree 84/2011 (March 2011)
Conducting Radioactive Examination on Certain Products
Prime Minister Decree 458/2011 (March 2011)
Regulations of Calculating the Maximum Ratio of Liabilities to Equities for Financial Leasing Companies
Egyptian Financial Supervisory Authority (EFSA) Decision 1/2011 (March 2011)
Amending Article 295 of the Executive Regulations Implementing Capital Market Law 95/1992
Prime Minister Decree 345/2011(March 2011)
Establishing an Insurance Fund for Securities Dealers against Non-commercial Financial Risks arising from the Activities of Companies Operating in Securities field
Prime Minister Decree 355/2011 amending certain Provisions of Prime Minister Decree 1764/2004 (March 2011)
Paying the Due Income Tax in Installments regarding the year ended 31/12/2010
Supreme Council of the Armed Forces Decree-Law 8/2011 (March 2011)
Tax Inspection Rules for Small Enterprises (Class A), Legal Persons pursuant to Provisions of Law 91/2005 and its Executive Regulations
Ministry of Finance General Rules and Instructions 1/2011
Canceling Annex No. 1 of the year 2010 to the Decree of the Minister of Finance 363/2009
Ministerial Decree 82/2011(February 20, 2011)
Granting a special raise to the state several servants
Supreme Council of the Armed Forces Decree-Law 2/2011 (February 16, 2011)
Amending provisions of law 125/2010 on the Degree of Waters' Rights Privilege
Ministerial Decree 290/2010 (December 2010)
Rules Governing Payment of the General Sales Tax on Machinery and Equipment
Ministerial Decree 691/2010 amending article 1 of Decree 296/2005 (October 2010)
-16- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
Amending Executive Regulations of the law Regulating Tenders and Bids
Decree 549/2010 (August 2010)
Modifying the Rates of Charge of Services Carried out By the Egyptian Authority for Export and Import Control
Decree 682/2010 (July 2010)
Prices of Energy Decree 2130/2010 (July 2010) Decree 1953/2010 (July 2010)
Amending Certain Provisions of Law on Import and Export
Decree 627/2010 (July 2010) Decree 305/2010 (April 2010)
The Conformity Assessment Entities in Egypt
Ministerial Decree 348/2010 as amended by Decree 403/2010 (May 2010)
Entities and Companies Granting or Obtaining the ISO Certificates
Ministerial Decree 415/2010 (May 2010)
Conditions concerning the Release of the Chinese Commodities
Ministerial Decree 366/2010 amending Decree 257/2010 (April 2010)
Establishing the National Council for Industry Quality Assurance
Ministerial Decree 135/2010 (February 2010)
Enforcing Production in Compliance with the Standard Specifications
Ministerial Decree 32/2010 (February 2010)
Provisions Regarding the Obligations of the Pharmaceutical Companies
Decree 424/2009 amending Decree 38/1999 (November 2009)
Establishment of an Investor Dispute Settlement Center at the General Authority for Investment and Free Zones
Ministerial Decree 170/2009 (August 2009)
Issuing the Statute of the General Authority for Financial Control
Presidential Decree 192/2009 (June 2009)
Provisions Regulating the Management of the Egyptian Exchange and its Financial Affairs
Presidential Decree 191/2009 (June 2009)
Contents
-17- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
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.
-18- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
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
-19- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg
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
-20- Compiled by: Business Studies & Analysis Center (BSAC)
Subscribe and unsubscribe by sending an e-mail to: [email protected]
Web: http://www.amcham.org.eg