The Egyptian Minister of Planning and Industrial Development issued the long debated decree to set the minimum salary for private sector in Egypt. According to the decree the minimum salary of private sector employe...
The Suez Canal Authority (SCA) announced last week the successful floating of the ultra-large Ever Given ship which blocked the Suez Canal and led to the suspension of the navigation in a key artery for global trade...
On 29 March 2021, the Social Insurance Authority in Egypt has issued a circular whereby the tax registration number of a company or entity will be recorded in the electronic social insurance system. Employers and co...
The Egyptian Social Security Law No. 148/2019 (the “Law”) defines “work injury” as any injury caused by an accident occurred during the performance of work or resulting from it.
The new Social Insurance Law No. 148/2019 in Egypt (which came into force in January 2020) has introduced – for the first time - the concept of the Unified Social Insurance Salary and cancelled the traditional disti...
The Egyptian Data Protection Law No. 151/2020 (the “Law”) came into effect in October 2020. The executive regulation of the Law is expected to be issued by April 2021. Companies are given twelve 12-month grace perio...
With the outbreak of the second wave of Covid-19 in Egypt, the government has issued a number of decisions and adopted certain measures to prevent the spread of virus. Banking Sector The Central Bank of Egypt (CBE)...
The National Council for Salaries (the “Council”) was first constituted in 2003 in accordance with Article (34) of the Egyptian Labor Law No. 12/2003. The Council is competent to determine the minimum salaries and t...
Riad & Riad represents the Italian energy group Eni in the significant deal reached with Spanish gas firm Naturgy and Egyptian partners to resolve disputes over Damietta liquefaction plant in Egypt. The agreements r...
Riad & Riad has successfully represented a leading multinational food manufacturing company in connection with a claim against the Egyptian Notary Public Authority for the refund of unduly collected Notarization Fee...
Introduction A new law is issued in Egypt regulating the Advertisements on Public Roads (the “Law”). The Law comes under No. 208 for 2020 and comes into effective as of 2 December 2020.
On 19 October 2020, the Unified Tax Procedures Law No. 206 of 2020 (the “Law”) was issued to introduce unified tax procedures or assessment and collection of the direct and indirect taxes. The Law also establishes t...
The Prime Ministerial issued Decree 2592 of 2020 (“Decree”) to prohibit all governmental entities and state-owned companies from concluding any contract with a foreign investor or agreeing to arbitrate without first...
Riad & Riad has delightedly contributed to CMS Expert Guide to Hydrogen – The Promise of Hydrogen: An International Guide by authoring the Egyptian chapter.
The National Food Safety Authority (“NFSA”) issued Decree No. 6/2020 (the “Decree”) to regulate importation of food in Egypt and ensure safety and quality thereof.
The Egyptian Electricity Utility and Consumer Protection Regulatory Agency (EgyptERA) announced that it will apply a ‘merger fee’ to net-metered solar systems. The fee will be EGP 0.10-0.40/kWh on net-metered solar...
The Egyptian Minister of Interior issued Decree No. 951/2020 to impose entry visa fees on citizens of the Gulf Cooperation Council (GCC) countries (Saudi Arabia, United Arab Emirates, Kuwait, Bahrain and The Sultana...
In the light of the precautionary measures adopted by the Egyptian government to combat the spread of COVID-19 pandemic, the Egyptian Prime Minister issued Decree No.1200/2020 to allow public universities to teach t...
The Egyptian Cabinet of Ministers extended the period during which eligible investment projects can benefit from the tax reduction system under the Investment Law No. 72/2017 (“Investment Law”) from 3 years to 6 yea...
The Egyptian Minister of Interior issued Decree No. 945/2020 to exempt tourists on direct flights to touristic cities, Luxor, Sharm Elsheikh and Hurghada, from entry visa fees until the end of October 31 of 2020.
The Egyptian Cabinet has approved the Waste-to-Energy tariff at EGP 1.4/Kwh. The approval was issued by virtue of Decree no. 41 of 2019 (the "Decree"). Such tariff shall be applicable until reaching the maximum cont...
On 28 April 2020, the Egyptian Electricity Utility and Consumer Protection regulatory Agency ("EgyptERA**") issued Decree no. 2 of 2020 (the “Decree”) setting out the new rules for net metering. This Decree is effec...
Report to the authorities If one of your employee is diagnosed with COVID-19 or exposed to someone with COVID-19, you, as the employer, or the responsible manager of the entity, is required to report the case to the...
