The Feed-in-Tariff Unit at the Egyptian Electricity Transmission Company (EETC) invited qualified developers of PV and wind projects yesterday, 20 February 2017, to discuss and coordinate for Round II of the FiT pro...
أصدر مجلس الشعب بتاريخ بتاريخ 5 فبراير 2016 القانون رقم 6 لسنة 2017 بشأن تعديل مواد القانون رقم 7 لسنة 2000 والصادر بإنشاء لجان التوفيق في المنازعات التي تكون الوزارات والأشخاص الاعتبارية العامة طرفًا فيها.
Article (126) of the Central Bank and Banking Sectors Law no. 88/2003 (Banking Law) was amended to impose harsher penalties for violations of the requirement to deal in EGP locally.
In response to price increases resulted from free floating the Egyptian currency last November, the Minister of Finance issued Decree No. 426 of 2016 to amend the Executive Regulation of the Tenders and Bids Law.
The first law issued by the Parliament in 2017 is a long-waited one establishing a central regulatory authority to be responsible for food safety, it is the National Food Safety Authority (NFSA).
On 5 January 2017, the Prime Minister issued decree no. 42 of 2017 determining the technical and financial requirements that must be met by a qualified investor to receive free industrial lands in Upper Egypt.
On December 14, 2016, the Minister of Transportation issued Decree No. 800 of 2016 regulating maritime transportation-related works and the applicable fees. Such Decree replaces Decrees No. 180, 73, 332, 520 and 521...
The Egyptian government is working on a draft new investment law. The draft law is said to aim to bolster investor confidence, eliminate bureaucracy, ease the licensing procedures and attract foreign investment.
On December 24, 2016, Law No. 92 of 2016 was issued for the Institutional Regulation of Press and Media. The Law cancels the Radio and Television Union Law No. 13 of 1979 and chapter four of the Press Law No. 96 of...
R&R has been recently appointed to advise and represent one of the bidders in the tender for a 200MW BOO (build-own-operate) PV plant project at West of Nile. The project will be located in the West Nile region of E...
On 22 December 2016, the Minister of Finance issued Decree No. 418 of 2016 determine the difference between the official and parallel market prices of the foreign currencies for purposes of calculating income taxes...
On 15 December 2016, the Ministry of Investment passed the Executive Regulations of the Movable Collaterals Law no. 115/2015 which was passed a year ago on 15 November 2015 (Movable Collaterals Law).
A draft law on the Development of Vehicles Industry and its Feeders Industries (“Draft Law”) has been recently issued by the Ministry of Trade and Industry and submitted to the Egyptian House of Representatives for...
The Central Bank of Egypt (CBE) announced the liberalization of the foreign exchange market on the 3rd of November 2016. Below is a summary of main decisions taken by the CBE in this regard.
On 29 August 2016, the Egyptian Parliament approved the long-debated Value Added Tax Law to abolish and replace the Sales Tax Law no. 11 of 1991 (the “Sales Tax Law”). The Value-Added Tax Law was issued under no. 67...
The legal grounds for terminating the employment contracts under Egyptian law vary depending on the type of the employment contract and the circumstances surrounding the termination.
Round two of the feed in tariff (FiT) program has been announced by the Egyptian Minister of Electricity in a press conference Tuesday, the 6th of September 2016.
In 9 August 2015, after three days from the inauguration of the New Suez Canal, President Abdel Fattah El-Sisi issued Decree No. 330/2015 declaring the areas adjacent to the Suez Canal as a special economic zone (th...
Riad & Riad (R&R) advised and successfully represented a number of Chinese Exporters and the China Petroleum and Chemical Industry Federation to respond to a safeguard investigation initiated by the Egyptian Governm...
The Economic Committee at the Egyptian House of Representatives has preliminarily approved the draft amendments to the Importers Register Law no. 121/1982 suggested by the Ministry of Trade and Industry, in collabor...
