saasaMay 15, 2004 - AmChamBeshay Steel (link here) prices recorded EGP5,050/tonne for the end...

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)

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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




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




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)



http://www.mic.gov.eg/

http://europa.eu/index_en.htm

https://www.kfw.de/kfw.de-2.html

http://www.afd.fr/lang/

http://www.eib.org/

http://www.seco.admin.ch/?lang=en

http://www.aecegypt.com/WebPages/Common/Home.aspx

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


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




http://en.cairochamber.org.eg/NewsPage.aspx?id=49

http://www.ezzsteel.com/

http://www.beshaysteel.com/Home.html

http://www.mnhd.com/

http://www.worldbank.org/

ITALY PROVIDES USD66 MILLION GRANT TO DEVELOP SUPPLY SECTOR


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




http://www.euromoney.com/

http://www.gcc-sg.org/eng/

http://www.investment.gov.eg/en/Pages/default.aspx

Energy
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


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.




http://www.egas.com.eg/home.aspx

http://www.euromoney.com/

http://www.mof.gov.eg/english/Pages/Home.aspx

http://www.cbe.org.eg/English/

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 & Telecommunication
TE IN NEGOTIATIONS WITH CHINESE COMPANIES TO EXTEND MARINE CABLE


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




http://www.telecomegypt.com.eg/English/

http://www.hispanicbusiness.com/technology/

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
Industry
EGYPT GOVERNMENT TO SPEND EGP4 BILLION TO RESTRUCTURE SPINNING AND WEAVING SECTOR


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




http://www.hispanicbusiness.com/technology/

http://www.nibanc.com/

http://www.mfti.gov.eg/english/index.htm

http://www.majidalfuttaim.com/

http://www.mansourgroup.com/

http://www.carrefour.com/

http://www.metro-markets.com/

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




http://www.tetrapak.com/Pages/default.aspx

http://www.eeaa.gov.eg/English/main/about.asp

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 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)




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)




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)




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


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)




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)




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


Enforcing Production in Compliance with the Standard Specifications


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




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)



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)



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




http://www.amcham.org.eg/resources_publications/publications/business_studies/

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




http://www.egyptse.com/English/homepage.aspx



http://www.sis.gov.eg/En/Default.aspx



http://idsc.iza.org/metadata/






http://cairo.usembassy.gov/

http://cairo.usembassy.gov/

http://www.aaei.org/



http://www.cbp.gov/

http://www.cbp.gov/

http://www.cbp.gov/

http://www.america.gov/



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