saasaMay 15, 2004 - AmChammicro-enterprises reached more than EGP27bn and 51,000 projects by...

-1- Compiled by: Business Studies & Analysis Center (BSAC)

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Web: http://www.amcham.org.eg

December 1, 2016

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

PARLIAMENT CONSIDERS PROPOSALS TO AMEND PERSONAL

INCOME TAX ACT 4 The Parliament’s Budget Committee is considering three proposals to amend the personal income tax act towards a progressive taxation system. MPs told reporters that there is some opposition to raising taxes, while the dominant Support Egypt Coalition appears to be

supportive of the move ................................................................................. 4

EGYPT EYES FIRST PRIMARY BUDGET SURPLUS SINCE 2006,

DEPUTY FINANCE MINISTER SAYS 4 Egypt expects to record a primary budget surplus next year, the first since 2006, said Deputy Finance Minister Ahmed Koushouk. The surplus would help reduce government borrowing, he

said, without providing further details. ................................................................. 4

GOVERNMENT CONSIDERS FIXED EXCHANGE RATE FOR

CUSTOM DUTIES 4 A meeting between the Minister of Finance, Amr El Garhy, Prime Minister Sherif Ismael, and the Head of Customs Authority Magdy Abdel Aziz explored fixing the exchange rate for

custom duties in light of the currency float, Al Garhy said. ............................................ 4

mailto:[email protected]

http://aib.com.eg:81/web/wps/portal/enaib




UNEMPLOYMENT EDGES UP TO 12.6% IN 3Q16 FROM 12.5% IN

2Q16 4 Egypt’s unemployment rate edged up to 12.6% in 3Q16 from 12.5% in 2Q16, according to data

from the Central Agency for Public Mobilization and Statistics (CAPMAS) .......................... 4

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

EGYPT EYES UP TO USD6BN FROM GLOBAL BOND SALES

THROUGH 2017 5 Egypt will seek to raise between USD5-6bn from international bond sales in 2017, though the first issuance may be delayed due to market ‘volatility’ after the election of Donald Trump,

Minister of Finance Amr El-Garhy said................................................................. 5

ENERGY ......................................................................... 5

GOVERNMENT WILL NOT REDUCE GAS PRICES 5 Tarek El-Molla, Minister of Petroleum & Mineral Resources, has announced that the

government will not reduce natural gas prices, noting that they are already subsidised. ............... 5

KUWAIT SAID TO SUPPLY EGYPT WITH 2MN CRUDE BARRELS A

MONTH STARTING JANUARY 2017 5 Kuwait’s Cabinet has reportedly agreed to provide Egypt with 2mn barrels of crude per month starting January 2017, with a nine-month grace period. Pricing will be based on the international

oil price. ................................................................................................. 5

AUTOMOTIVE .................................................................. 6

FEI DISCUSSES NEW AUTOMOTIVE DIRECTIVE WITH CAR

MANUFACTURERS 6 The Federation of Egyptian Industries (FEI) met with car manufacturers to discuss the new

regulations of the automotive directive. ................................................................ 6

BANKING ........................................................................ 6

NBE PROVIDES EGP27BN TO 51,000 SMES BY OCTOBER 6 The National Bank of Egypt’s (NBE) (AmCham member) provided EGP5.2bn to more than 7,000 projects in nine months as part of CBE initiative, and its total loan portfolio of SMEs and micro-enterprises reached more than EGP27bn and 51,000 projects by October-end,

Chairperson Hisham Okasha stated. .................................................................... 6

PRIME MINISTER CALLS FOR OPENING LETTERS OF CREDIT

DIRECTLY FROM THE CBE FOR PHARMACEUTICAL IMPORTS 7 Egypt’s Prime Minister Sherif Ismael is asking the CBE to swiftly open letter of credit of

pharmaceutical imports, especially life-saving drugs. ................................................... 7





NBE HAS RAISED EGP95BN FROM NEW HIGH-YIELD CDS 7 National Bank of Egypt (NBE)'s high-yielding certificates of deposit (CDs), launched when the Central Bank of Egypt (CBE) floated the EGP earlier this month, have raised so far EGP92bn

(USD5.2bn), according to NBE’s Vice-president Yehia Abu El Fotouh. .............................. 7

BANKS COLLECT USD3BN SINCE CURRENCY FLOAT, CENTRAL

BANK OFFICIAL SAYS 7 The Central Bank of Egypt (CBE) Sub-Governor, Tarek Fayed, said that, as of 21 November,

the banking system has collected USD3bn since floating the currency earlier this month. ............ 7

CBE SAID TO ALLOW BANKS TO BEGIN FINANCING NON-

ESSENTIAL IMPORTS 7 The Central Bank of Egypt (CBE) reportedly gave instructions to banks to begin financing

imports of non-essential goods, requiring that liquidity must come from the interbank market. ...... 7

LEGISLATIVE UPDATE ...................................................... 8

BSAC PUBLICATIONS .................................................. 19

IMPORTANT LINKS ...................................................... 21





Economy

PARLIAMENT CONSIDERS PROPOSALS TO AMEND PERSONAL INCOME TAX ACT

Source: Al Borsa, November 28, 2016

The Parliament’s Budget Committee is considering three proposals to amend the

personal income tax act towards a progressive taxation system. MPs told

reporters that there is some opposition to raising taxes, while the dominant

Support Egypt Coalition appears to be supportive of the move. Earlier, Prime

Minister, Sherif Isamel, noted that the government is studying the

implementation of a progressive taxation on individuals.

EGYPT EYES FIRST PRIMARY BUDGET SURPLUS SINCE 2006, DEPUTY FINANCE MINISTER SAYS

Source: Al Shorouk, November 24, 2016

Egypt expects to record a primary budget surplus next year, the first since 2006,

said Deputy Finance Minister Ahmed Koushouk. The surplus would help reduce

government borrowing, he said, without providing further details. The reform plan

– which aims to achieve economic growth and lower unemployment and inflation

rates by FY17/18 - includes measures to reduce budget deficit and public debt,

redirect spending channels and revenue sources, expand tax base, and

restructure business environment, he added.

GOVERNMENT CONSIDERS FIXED EXCHANGE RATE FOR CUSTOM DUTIES

Source: Al Ahram, November 21, 2016

A meeting between the Minister of Finance, Amr El Garhy, Prime Minister Sherif

Ismael, and the Head of Customs Authority Magdy Abdel Aziz explored fixing the

exchange rate for custom duties in light of the currency float, Al Garhy said. The

Ministry is in talks with the Central Bank (link here) about implementing a

fixed rate for customs, Abdel Aziz said, adding it is required by many importers

who complained that the float had a negative impact on pricing of goods since the

exchange rate changes on a daily basis.

UNEMPLOYMENT EDGES UP TO 12.6% IN 3Q16 FROM 12.5% IN 2Q16

Source: CAPMAS, November 18, 2016

Egypt’s unemployment rate edged up to 12.6% in 3Q16 from 12.5% in 2Q16,

according to data from the Central Agency for Public Mobilization and

Statistics (CAPMAS) (link here). Male unemployment edged up to 8.7% in

3Q16 from 8.5% in 2Q16, while female unemployment increased to 25.9% from

25.6% previously. 88.1% of the unemployed are youth (aging between 15 and 29

year), while 88.4% of the unemployed have intermediate or higher education

degrees. The total labour force grew 2.9% Y-o-Y and 1.0% Q-o-Q to 28.8mn in

3Q16.


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

http://www.capmas.gov.eg/




Finance

EGYPT EYES UP TO USD6BN FROM GLOBAL BOND SALES THROUGH 2017

Source: Bloomberg, November 23, 2016

Egypt will seek to raise between USD5-6bn from international bond sales in 2017,

though the first issuance may be delayed due to market ‘volatility’ after the

election of Donald Trump, Minister of Finance Amr El-Garhy said. The government

is still weighing whether to tap markets next week, El-Garhy said. “We were

planning to do it by end of November, but there has been volatility since the

election in the United States,” he said. “The window is closing because by the

second week of December the markets will be very quiet. So it’s either this or

maybe by mid-January.” El-Garhy said authorities seek to gradually lower the

inflation rate to 10% by mid-2017 from the current level of 13.6% as

investments start to flow and the budget deficit narrows.

Energy

GOVERNMENT WILL NOT REDUCE GAS PRICES


Tarek El-Molla, Minister of Petroleum & Mineral Resources, has announced that

the government will not reduce natural gas prices, noting that they are already

subsidised. El Molla also stated that it would be difficult to fix the USD to EGP rate

for producers, especially after the EGP flotation, and this comes in line with the

government’s strategy to liberalise the energy market in Egypt. Finally, El Molla

mentioned that the Ministry did not receive any official documents to reduce gas

prices. It is worth noting that natural gas costs are quoted in USD and paid in

EGP, which makes it subject to fluctuations in the exchange rate.

KUWAIT SAID TO SUPPLY EGYPT WITH 2MN CRUDE BARRELS A MONTH

STARTING JANUARY 2017

Source: NY Times, November 16, 2016

Kuwait’s Cabinet has reportedly agreed to provide Egypt with 2mn barrels of

crude per month starting January 2017, with a nine-month grace period. Pricing

will be based on the international oil price. The deal comes after Saudi Aramco

had decided to suspend refined oil supplies indefinitely worth 700,000

tonnes/month to Egypt for the second month, despite a five-year USD23bn

agreement with the Egyptian General Petroleum Corportaion (EGPC) that was

signed earlier this year.





Automotive

FEI DISCUSSES NEW AUTOMOTIVE DIRECTIVE WITH CAR

MANUFACTURERS


The Federation of Egyptian Industries (FEI) (link here) met with car

manufacturers to discuss the new regulations of the automotive directive. Key

features of the law include incentives for meeting minimum requirements of

domestic content, production, and exports set out by the new regulations.

Incentives are in the form of a payout for every car sold worth 23.1-57.5% of the

car's sales price varying by engine size. Also, a break on custom duties for

imported parts will be proportional to the percentage of domestic components

used to assemble the vehicle. These incentives will be paid by a fund

administered by the Industrial Development Authority (link here) and

deposited with the Central Bank. According to the regulations, a passenger car

will need to have 45.5% domestic content in the first year, rising over time to

60% after eight years, to be considered manufactured in Egypt. In order to

benefit from the incentives outlined by the law, companies producing cars with

engines 1.6L or smaller must produce 20,000 cars in the first year of the directive

and increase that to 60,000 after eight years. Those producing cars with larger

engines must produce at least 3,000 units in year one, and 8,000 cars

annually within eight years. Production quotes for medium and heavy trucks will

be 20,000 in the first year with a gradual increase to 50,000 in eight years. The

new law also sets import tariffs on cars at 10% in addition to imposing an “auto

industry development tax", which will be 30% on cars with engines below

1600cc; 100% on cars with engines between 1600cc and 2000cc; 135% on

passenger cars above 2000cc; 30% on microbuses; and 10-20% on trucks. It is

not yet clear whether this will replace the sales tax.

Banking

NBE PROVIDES EGP27BN TO 51,000 SMES BY OCTOBER

Source: Daily News Egypt, November 22, 2016

The National Bank of Egypt’s (NBE) (AmCham member) (link here)

provided EGP5.2bn to more than 7,000 projects in nine months as part of CBE

initiative, and its total loan portfolio of SMEs and micro-enterprises reached more

than EGP27bn and 51,000 projects by October-end, Chairperson Hisham Okasha

stated. “During the first four months of FY16/17, NBE managed to achieve a leap

in the field of lending SMEs, as it injected financing worth EGP2.7bn into these

projects with a 30% increase compared to the same period in FY 2015/2016,”

Okasha said. This is compared to only EGP6bn in June 2011, and EGP18bn in

June 2015, he said, adding that the bank aims to expand the portfolio to

EGP72bn within the next four years.


http://www.fei.org.eg/index.php/en/

http://www.ida.gov.eg/Arabic/Pages/NewsHome.aspx

http://www.nbe.com.eg/en/Main.aspx




PRIME MINISTER CALLS FOR OPENING LETTERS OF CREDIT DIRECTLY FROM THE CBE FOR PHARMACEUTICAL IMPORTS


Egypt’s Prime Minister Sherif Ismael is asking the CBE to swiftly open letter of

credit of pharmaceutical imports, especially life-saving drugs. Meanwhile, the

Ministry of Finance is considering lifting tariffs on pharmaceuticals active

ingredients, and the Ministry of Health had promised pharmaceutical firms that it

would reconsider raising prices in January 2017.

NBE HAS RAISED EGP95BN FROM NEW HIGH-YIELD CDS

Source: Amwal Al Ghad, November 24, 2016

National Bank of Egypt (NBE)'s high-yielding certificates of deposit (CDs),

launched when the Central Bank of Egypt (CBE) floated the EGP earlier this

month, have raised so far EGP92bn (USD5.2bn), according to NBE’s Vice-

president Yehia Abu El Fotouh. NBE said on 3 November that they would offer 18-

month certificates of deposit at 20% and three-year certificates of deposit at

16%. The CDs are part of efforts to stabilise the EGP following the currency free

float.

BANKS COLLECT USD3BN SINCE CURRENCY FLOAT, CENTRAL BANK OFFICIAL SAYS

Source: Reuters, November 22, 2016

The Central Bank of Egypt (CBE) Sub-Governor, Tarek Fayed, said that, as of

21 November, the banking system has collected USD3bn since floating the

currency earlier this month.

CBE SAID TO ALLOW BANKS TO BEGIN FINANCING NON-ESSENTIAL IMPORTS

Source: Reuters, November 20, 2016

The Central Bank of Egypt (CBE) reportedly gave instructions to banks to begin

financing imports of non-essential goods, requiring that liquidity must come from

the interbank market. Some bankers, however, say the interbank requirement

will discourage financing non-essential imports. The alleged decision comes after

importers had complained that they had to source foreign currency from the

parallel market as banks have been withholding it for non-essential products. The

Central Bank revealed that during the period between 3-15 November, banks

have availed a total of USD2.492bn for imports of food, production inputs, and

pharmaceutical products through short-term loans to importers and letters of

credit.





Legislative Update

Laws/ Decrees Description

Presidential Decree No. 379 Of The Year 2015 Regarding Formation of Ministers

Ministry Of Finance Decree No. 442 Of The Year 2015

Concerning The Rules Governing The Payment Of The Monthly Special Raise Determined According To Law No. 99 Of The Year 2015

Ministry of Manpower and Immigration Decree No. 305 of the Year 2015

With Regard to the Conditions and Procedures of Granting Foreigners

Presidential Decree-law No. 99 of the year 2015

On Granting A Special Raise To The State Civil Servants Who Are Not Addressed By The Civil Service Law

Prime Minister Decree No. 2259 Of The Year 2015

Concerning the Electricity Prices

Ministry Of Tourism Decree No. 1053 Of The Year 2015 Issued on 20/8/2015

Cancelation of The ministerial decrees nos. 381 of the year 2014, and 1281 of the year 2014

Official Journal – Issue No. 27 (bis) – Dated 6 July 2015

Rectification of the the Civil Service Law

Prime Minister Decree No. 1765 of the Year 2015

Concerning Natural Gas Usage in Industrial Companies

President of the Republic Decree No. 330 Of The Year 2015

Concerning the Establishment of Suez Canal Economic Zone

Ministry of Industry, Trade and Small & Medium Projects Decree No. 525, 536, 537 For The Year 2015

Enforcing Production in Compliance with the Egyptian Standard Specifications

The Supreme Constitutional Court Income Tax Law

Ministry Of Social Solidarity Decree No. 2 of the Year 2015 New

Concerning the Rules Enforcing the Provisions of the Social Insurance Law Promulgated by LA No. 79 of the Year 1975

President of the Republic Decree-Law No. 90 Of The Year 2015 New

Amending Certain Provisions of Law No. 124 of the Year 1963 On Vesting the Suez Canal Authority the Power of Establishing Joint Stock Companies

Presidential Decree Law No. 26 of the year 2015 New

Amending Certain Provisions of the Law No. 82 of the year 2002 on Protection of Intellectual Property Rights

Presidential Decree-Law No. 29 of the Year 2015

On Increasing The Pensions as of 1/7/2015

The Ministry of Industry, Trade and Small & Medium Projects Decree No. 461 of the Year 2015

On the Organization and Promotion of Industry

Ministry of Tourism Decree No. 623 Of The Year 2015 Issued on 18/5/2015

On the Regulation of Tourism Companies

Prime Minister Decree No. 1299 of the year 2015

On Investment Guarantees and Incentives Law

Ministry of Tourism Decree No. 229 of the year 2015

On Applications for Establishing Tourism Companies

Ministry of Tourism Decree No. 229 of the year 2015

On Applications for Establishing Tourism Companies





Ministry of Industry, Trade and Small & Medium Projects Decree No. 444 of the year 2015

On Cancelling the Ministerial Decree No. 257 of the Year 2010 concerning the Import and Export and the System of Procedures of Examination and Control of Imported and Exported Commodities and amendments

Prime Minister Decree No. 1272 Of The Year 2015

Concerning investment-related disputes

Ministry of Investment Decree No. 45 of the Year 2015

Amending Some Provisions of the Executive Regulations of the Capital Market Law Issued as per Decree of the Minister of Economy and Foreign Trade No. 135 of the Year 1993

Ministry of Tourism Decree No. 570 of the Year 2015

regarding tourist companies specialized in operating small tourist vehicles (Limousine)


Amending Certain Provisions of the Executive Regulations of the Customs Law Promulgated by Decree of the Minister of Finance no. 10 of the Year 2006

Official Journal – Issue No. 19 - Dated 7 May 2015

Prime Minister’s Decree No. 844 of the Year 2015 Determining Certain Customs Tax Exemptions

Presidential Decree-Law No. 23 Of The Year 2015

Amending Certain Provisions of the Building Law and its Promulgating Law No. 119 of the Year 2008

Presidential Decree-law No. 21 of the Year 2015

On Amending Some Provisions of the Penal Code

Ministry of Health and Population Decree No. 151 of the year 2015

Reorganizing the Procedure of Registration of Cosmetics

The Ministry of Industry, Trade and Small and Medium Projects Decree No. 287 of the Year 2015

On Imposing Final Precautionary Measures On Imports of Reinforcing Steel for Building Purposes Item

The Ministry of Industry, Trade and Small and Medium Projects Decree No. 288 of the Year 2015

On Imposing Temporary Precautionary Measures On White Sugar Imports


Amending Some Provisions of the General Sales Tax Law Promulgated by Law No. 11 of the Year 1991

Egyptian Financial Supervisory Authority (EFSA) Authority's Board of Directors Resolution No. 158 of the year 2014

Regarding Micro-finance Fields and the Value Thereof


On Amending Certain Provisions of the Public Cleanliness Law No. 38 of the year 1967 as amended by Law No. 106 of the year 2012

Presidential Decree-law No. 7 of the year 2015 On Amending Certain Provisions of The Child Law Promulgated by Law No. 12 of the year 1996

Decree Of The President Of The Arab Republic Of Egypt No. 69 Of The Year 2015

On Amending Custom Tarrifs

Presidential Decree-law No. 6 of the year 2015 On Amending Certain Provisions of The Child Law Promulgated by Law No. 12 of the year 1996





Egyptian Financial Supervisory Authority (EFSA) Authority's Board of Directors Resolution No. 158 of the year 2014 Issued on 3/12/2014

Regarding Micro-finance Fields and the Value Thereof

Decree-Law of the President of the Arab Republic of Egypt No. 203 of the Year 2014

Regarding the Stimulation of Producing Electricity from Renewable Energy Sources

Ministry of Trade and Industry Decree No. 135 of the Year 2014

Regarding the Egyptian standard specifications on Producing and importing foodstuff


Regarding the Stimulation of Producing Electricity from Renewable Energy Sources

Ministry of Manpower and Immigration Decree No. 216 Of The Year 2003

Concerning the Financial and Administrative Regulations Of the Social, Health and Cultural Services Fund Amended By Decree No. 310/2009

The Central Bank Of Egypt Resolution of the Board Of Directors Of The Central Bank Of Egypt No. 2404 of the Year 2014

On Amending Article No. (8) of the Articles of Association of the Federation of Egyptian Banks

The Central Bank Of Egypt Resolution of the Board Of Directors Of The Central Bank Of Egypt No. 2404 of the Year 2014

On Amending Article No. (8) of the Articles of Association of the Federation of Egyptian Banks


On Amending Some Provisions of the Income Tax Law Promulgated By Law No. 91 Of The Year 2005

Ministry of Manpower and Immigration Issue No. 288 Dated 21st of December, 2014

On Deciding the Disbursement of a Special Raise to the Private Sector Workers in the Year 2014

Ministry Of Tourism Decree No. 1002 of the Year 2014

Regarding the obligations of the tourist companies owning tourist buses to fulfill the license conditions related to the GPS trackers, speedometers and security cameras

Ministry of Tourism Decree No. 979 of the Year 2014 Issued on 19/11/2014

Concerning Non- Egyptians Ownership of Restaurants and Shops

Minister of Finance Decree No 531 For The Year 2005

Determining The Free (Non-Commercial) Professions In Applying The Provision Of Article-70 Of The Income Tax Law As Promulgated By Law No 91 For The Year 2005

Ministry of Finance Decree No. 434 of the Year 2014

On Amending Some Provisions of the Minister of Finance's Decree No. 531 of the year 2005

Prime Minister’s Decree No. 548 Of The Year 2005

Concerning The Non-Egyptians’ Ownership And Usufruct Of Residential Units In Certain Areas

Ministry of Industry, Trade and Small & Medium Projects Decree No. 865 of the Year 2014

Emposing Measures on transporting and circulating the industrial hazardous wastes and materials

Ministry of Housing, Utilities and Urban Communities Decree No. 727 of the Year 2014

Enforcing Some Provisions of Law No. 371 of the Year 1956 on Public Shops and Law No. 372 of the Year 1956 on Entertainment Places





Presidential Decree-law No. 142 Of The Year 2014

On Amending Some Provisions Of The Traffic Law Promulgated By Law No. 66 Of The Year 1973


Regarding the Provisions Related to the Extradition of the Accused and the Transfer of the Convicted

Prime Minister, Decree No. 1947 of the Year 2014

Regarding the Organization of the Ministry of Electricity and Energy


On Amending Certain Provisions of Law No. 102 of the Year 1986 on Establishing the New and Renewable Energy Authority (NREA)

Ministry of Trade, Industry and Investment Decree No. 767 of the Year 2014

On Continuing Levying an Export Duty on the Exports of Nitrogen Fertilizers

Ministry Of Industry, Trade And Small & Medium Projects Decree No. 671 of the Year 2014

Concerning the Export Duty Imposed On Certain Kinds Of Scraps And Raw Materials

The Ministry of Industry, Trade and Small Medium Projects Decree No. 765 of the Year 2014

Imposing Temporary Precautionary Measures on Reinforcing Steel Imports


On Amending the Penal Code

Ministry of Finance Decree No. 330 of the Year 2014

Amending some Provisions of the Executive Regulations of the Stamp Duty Law, Issued as per Law No. 525 of the Year 2006

Decree of the Prime Minister No. 1419 of the year 2014

Regarding the System of the Suez Canal Authority

Law No. 30 of the Year 1975 Regarding the System of the Suez Canal Authority

As Amended by Laws Nos. 11 of the Year 1976 and 4 of the Year 1998 And Decree of the President of the Republic No. 34 of the Year 2014


Exempting the Establishments and the Insured From the Additional Amounts Due Thereon to the National Organization for Social Insurance

Egyptian Financial Supervisory Authority (EFSA) Decision No. 109 of the Year 2014

Amending Some Provisions of the Decision of the Authority’s Board of Directors No. 72 of the Year 2013 Regarding the Regulatory and Supervisory Controls Governing Factoring Activity

Ministry of Industry, Trade and Small and Medium Projects Decree No. 591 of the Year 2014

Amending Ministerial Decree No. 510 of the Year 2014 on Suspending the Exportation of Solvents; and Memorandum of the Commercial Agreements and Foreign Trade Sectors






Promulgating the Executive Regulations of Decree Law No. 63 of the year 2014 of the Maximum Limit of Incomes of the State Bodies Wage-Earners

Ministry of Trade, Industry and Small and Medium Projects Decree No. 558 of the Year 2014

Amending Certain Provisions of The Statute Of Rules Implementing the Provisions of Law on Import and Export and the System of Procedures for Inspection and Control of the Imported and Exported Goods

Rectification of Law No. 56 of the year 2014 Amending Certain Provisions of Law No. 3 of the year 2005 on Protection of Competition and Prevention of Monopolistic Practices


Amending Certain Provisions of the Executive Regulations of the Customs Law


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


Amending Certain Provisions of the Executive Regulations of the Law Regulating the Customs Exemptions Issued By Virtue of the Minister of Finance Decree No. 861 of the year 2005

Ministry of Trade, Industry and Small and Medium Projects Decree No. 556 For The Year 2014

Organizing the Export of Certain Mineral Ores

Ministry of Industry, Trade and Small & Medium Projects Decree No. 540 of the Year 2014

Adding A New Item To Annex (3) of the Statute of Rules Enforcing the Provisions Of Import and Export Law


Concerning The Rules Governing The Payment Of The Monthly Special Raise

Ministry Of Trade, Industry And Investment Decree No. 432 Of The Year 2014

Enforcing Production in Compliance with the Standard Specifications

Presidential Decree-Law No. 49 of the year 2014

Amending Certain Provisions of the Penal Code, Criminal Procedure Law

Presidential Decree No. 190 Of The Year 2014 On Increasing The Pensions as of 1/7/2014

Presidential Decree-law No. 39 Of The Year 2014

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


Granting A Special Raise To The State Civil Servants


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


Imposing a Temporary Additional Tax Income


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

Presidential Decree-Law No. 106 of The Year 2013

On The Prohibition of Conflict Of Interests of Public Officials


On forming a ministerial committee for the settlement of investment disputes

Presidential Decree No. 72 Of The Year 2014 On forming the new Cabinet

Prime Minister Decree No. 22 for the year 2014 On overall Monthly Wages and Incomes of Civil Servants





Decree No. 23 for the year 2014 Determining the Rules and Conditions of Certain Provisions of Presidential Decree No.184/2013 Concerning the Issuance of Custom Tariffs

Ministry Of Health and Population Decree No. 394 Of The Year 2014

On thoroughly reviewing the decree promulgated on 26 December 1953 on preservatives allowed to be added by specified ratios to foodstuffs


Amending Certain Provisions of Law No. 121of the Year 2008 Amending the Traffic Law promulgated by Law No. 66 of the year 1973

Presidential Decree No. 193 Of The Year 2014 Amending the name of the Minister of Antiques and Heritage

Ministry of Industry, Trade and Small and Medium Projects Decree No. 510 of the Year 2014

Suspending the Exportation of Solvents

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

Concerning the Rules Enforcing the Social Insurance Law

Presidential Decree No. 189 Of The Year 2014 On formation of cabinet ministers


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


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


Enforcing the Provisions of Import and Export Law


Amending Certain Provisions of the Public Cleanliness Law No. 38 of the year 1967 as amended by Law No. 106 of the year 2012

Ministry Of Tourism Decree No. 381 Of The Year 2014

Concerning tourist busses and transportation

Presidential Decree No. 35 Of The Year 2014 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

Amending certain provisions in the decree No. 259 of the year 2007

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

Concerning service and Maintenance Centers


On the formation of a ministerial committee for the project of the development of the Suez Canal Region

Presidential Decree-Law No. 27/2014 Amending Certain Provisions of the Capital Market Law

Decree No. 9 of the Year 2014 by the Ministry of Social Solidarity

Amending the Decree of the Minister of Finance No. 554 of the Year 2007

Decree No. 289 of the Year 2014 by the Ministry of Trade, Industry and Investment

Continuing Levying an Export Duty on the Exports of Nitrogen Fertilizers


Organizing Some Procedures of Appeal on State Contracts

Decree No. 274 of the Year 2014 by the Ministry of Tourism

Issuing the Executive Regulations of the Law on Organizing the Tourist Companies, and amendments thereof





Decree No. 127 Of The Year 2014 by the Ministry Of Manpower And Immigration

Concerning Disposition Of The Proceeds Of The Pecuniary Sanctions Inflicted On The Workers

Decree No. 636 of the year 2014 by the Prime Minister

Regarding the sale price of the natural gas used in the houses and commercial activities equivalent to the home use

Decree No. 195 of the Year 2014 by Ministry of Trade, Industry and Investment

Building and operating thermal equipment and steam boilers, and its executive regulations


Amending Certain Provisions of the Law On the Regulation of Universities


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

Decree No. 136 of the year 2014 by the Ministry of Trade and Industry

In regard to apply the Egyptian Standard Specifications no. 4756/2013 for cement

Decree No. 218 of the Year 2014 by Ministry of Tourism

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

Decree No. 135 of the Year 2014 by the Ministry of Trade and Industry

Concerning the standard specifications for the Egyptian Producers and importers of the foodstuffs

Decree No. 134 Of The Year 2014 by the ministry of trade and industry

Concerning the standard specifications producers and importers should abid by while producing and importing the chemical and engineering commodities

Decree No. 128 of the year 2014 by the ministry of trade and industry

The Ministerial Decree No. 242 of the year 2000 referred to shall be annulled.

Decree No. 219 of the year 2014 by the ministry of tourism

Regarding the establishments of new tourism companies

Administrative Resolution No. 34 of the Year 2014

Regard the amendments related to a set of Egyptian Standard Specifications concerning which binding ministerial decrees

Presidential Decree No. 15 Of The Year 2014 Amending Some Provisions of the Law on the Regulation of Universities As Promulgated by Law No. 49 of the year 1972


On forming a committee for the Settlement of Investment Contracts Disputes established by Prime Minister and deputized by the Minister of Justice

Decree No. 122 of the year 2014 by the ministry of trade and Industry

Prolonging the Enforcement of the Provisions of Ministerial Decree No. 195 of the Year 2008

Decree No. 120 of the year 2014 by the ministry of tourism

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


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

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

Concerning amending certain provisions of the decree No. 534 of the year 2015

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

On Levying an Export Duty on the Exports of Nitrogenous Fertilizers





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

Concerning The importation from China of animal and poultry products

Ministerial Decree No. 491/2013 (October 2013)

On Amending Certain Provisions of the Executive Regulations of the Customs Law as Issued by the Ministerial Decree No. 10/2006

Prime Minister Decree No. 714/2013 (August 2013)

Amending Certain Provisions of the Prime Minister Decree No. 1115/2012 on the Formation of the Ministerial Group for the Settlement of Investment Related Disputes

Prime Minister Decree No. 1067/2012 Amended as Per Nos. 1299/2013 and 998/2013 (November 2013)

On Establishing a Committee Entrusted with Examining the Contracts Concluded Between Investors and State-Affiliate Entities

Decree 422/2013 (August 2013) Concerning the Rules Governing the Payment of the Monthly Special Raise Determined According to Law no. 78 of 2013

Presidential Decree-Law 79/2013 (August 2013)

On Cancelling Law no. 135 of 2012, Promulgating Social Insurance and Pensions Law, and Amending Certain Provisions of Social Insurance Law

Presidential Decree-Law 78/2013 (August 2013)

On Granting a Special Raise to the State Civil Servants

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

Decree No 465/2013 (July 2013) In Respect of Cancelling the Export Duty Imposed on Some Feedstuff Items

Decree No 223/2013 (June 2013) On Regulating the Packing and Trading Activities Related to the Pasta, Vegetable Oils and Margarine

Decree No 371/2013 (June 2013) On the commitment to Produce and Import According to the Egyptian Standard Specifications

Decree No 333/2013 (June 2013) On Amending the Executive Regulation of the Income Tax Law

Decree No 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 Bank assurance by Banks

Annex (1) of Decree No 310/2013 (May 2013) Provisions of Decree 301/2013 Of the Tax Apply

Decree No 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 No 204/2013 (April 2013) On Amending Some Provisions of the Executive Regulations of the Customs Law

Decree No 8/2013 (April 2013) Amending Certain Provisions Of The Central Bank, the Banking Sector and Money Law Promulgated by Law No. 88 of the Year 2003

Decree No 133/2013 (April 2013) On the Amendment of Some Provisions of the Executive Regulations Implementing the Industrial Register Law

Presidential Decree No 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


Amending Some Provisions of the General Sales Tax Law

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

Decree 645/2012 (October 2012) Amending Some Provisions, Rules And Procedures Of The Human Drugs Registration

Decree 383/2012 (October 2012) Amending Certain Provisions of the Protection of the River Nile and Waterways Against Pollution

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.





Prime Minister Decree 915/2012 (August 2012) On the Issuance of the Statute of the National Authority for the Development of Sinai Peninsula

Decree 622/2012 (August 2012) Regarding the Practicing of the Pharmaceutical Profession

Decree 498/2012 (August 2012) On the Procedures of Registration and Control of Locally Manufactured Cosmetics

Decree 82/2012 (August 2012) Granting a Special Raise of 15% to State and Private Servants

Decree 589/2012 (July 2012) Imposing Final Precautionary Measures On Cotton and Mixed Yarn Imports

Decree 568/2012 (July 2012) On Establishing the National Council for Industry Quality Assurance

Decree 541/2012 (July 2012) On the Abidance by the Egyptian Standard Specifications During Production

Decree 102/2012 (July 2012) Provisions Of The Social Insurance Law

Decree 293/2012 (July 2012) Regarding Banderoles and Sticking Procedures

Decree 483/2012 (June 2012) Imposing An Export Duty On Certain Kinds Of Scrap And Materials

Decree 430/2012 (June 2012) On Imposing Temporary Precautionary Measures on Imports of Polypropylene Items

Decree 301/2012 (May 2012) Amending Provisions of Organizing Tourist Companies Law

Decree 572/2012 (May 2012) Amending Provisions of Executive Regulations Implementing Capital Market Law

Decree 384/2012 (May 2012) Amending Provisions of Import/Export Law

Decree 384/2012 (May 2012) Amending Provisions of Import/Export Law

Prime Minister Decree 463/2012 (May 2012) Regarding Electronic Publication of Government Tenders and Auctions

Prime Minister Decree 421/2012 (April 2012) Amending the Executive Regulations Implementing Cantral Depository and Registry of Securities

Decree 142/2012 (April 2012) Loading/Unloading Rates and Compliance of Companies and Shipping Agencies

Prime Minister Decree 322/2011 (April 2012) Provisions of Maximum Limit of Incomes and Minimum Limit

Decree 219/2012 (March 2012) Amending Provisions of Import/Export Law

Prime Minister Decree 297/2012 (March 2012) Determining Certain Customs Duties Exemptions

Decree 151/2012 (March 2012) Establishment of Tourism Companies

Ministerial Decree 121/2012 (March 2012) To Install Tracking Devices in Tourism Vehicles

Ministerial Decree 116/2012 (February 2012) Temporary Precautionary Measures on Woven And Mixed Cotton Fabrics Imports

Prime Minister Decree 165/2012 (February 2012)

Determining Certain Customs Duties Exemptions regarding Sugar Imports

Ministerial Decree 54/2012 (February 2012) Tax Accounting Rules and Principles for Small Enterprises and Procedures of Tax Collection on their Profits

Supreme Council of the Armed Forces Decree-Law 14/2012 (January 2012)

The Integrated Development of the Sinai Peninsula

Supreme Council of the Armed Forces Decree-Law 11/2012 (January 2012)

Establishing Incentives for Settlement of Taxes

Prime Minister Decree 32/2012 (January 2012) Formation of the Ministerial Group for Settlement of Investment-related Disputes

Contents





BSAC Publications

Egypt Economic Profile (May 2015)

An annual country report on Egypt's recent macroeconomic performance as well

as coverage of Egypt's most important commodity and service sectors

Energy Sector Development in Egypt (February 2015)

An industry overview with the latest information on subsidies, progress in

renewable resources and other alternative energy, oil and natural gas.

Egypt Economic Profile (June 2014)


as coverage of Egypt's most important commodity and service sectors

Egypt Economic Profile (April 2013)


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)


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.egyptse.com/English/homepage.aspx

http://www.egypt.gov.eg/english/default.aspx

http://www.egypt.gov.eg/english/default.aspx

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

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

http://www.gafinet.org/English/Pages/default.aspx

http://www.gafinet.org/English/Pages/default.aspx

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

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

http://www.idsc.gov.eg/

http://www.idsc.gov.eg/

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

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

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

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

http://cairo.usembassy.gov/

http://cairo.usembassy.gov/

http://www.aaei.org/

http://www.aaei.org/

http://trade.gov/

http://trade.gov/

http://www.cbp.gov/

http://www.cbp.gov/

http://www.bea.gov/

http://www.bea.gov/

http://www.america.gov/

http://www.america.gov/

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