New Rules for Importation of Pharmaceutical Products

March 12, 2017
The Minister of Health issued Decree no. 5 of 2017 announcing some additional rules for importing drugs, raw materials, vaccines, baby milk and medical supplies from reference and non-reference countries.

Consolidated Rules for the OTC Market

March 12, 2017
The board of the Egyptian Financial Supervisory Authority (EFSA) issued Decree no. 17 of 2017 to consolidating and unifying the rules pertaining to EGX Over the Counter (OTC) market for trading unlisted securities,...

New Pricing for Certain Drugs

March 11, 2017
The Minister of Health issued Decision no. 23 of 2017 approving new prices of a number of 3010 pharmaceutical products. The decision entered into force on 12 January 2017.

Egypt and Kuwait Double Taxation Treat

March 11, 2017
The Double Taxation Treaty between Egypt and Kuwait is published in the Official Gazette on the 23 February 2017

Procurement Rules of Damietta Port Authority

March 11, 2017
The board of directors of Damietta Port Authority issued Decree no. 137 of 2017 on the Procurement Regulations of Damietta Port Authority.

Executive Regulations of VAT Law Released

March 10, 2017
Executive Regulations of VAT Law Released The Minister of Finance issued Ministerial Decree no. 66 of 2017 promulgating the Executive Regulations of the VAT Law no. 67 of 2016.

R&R Represents FAS Energy in Successfully Achieving Financial Closure for Solar PV Project in Benban

March 10, 2017
Riad & Riad is glad to be representing one of the few developers who succeeded to achieve financial closure in Round 1 of the Feed-in-Tariff (FiT) project in Benban in Upper Egypt.

New Rules for Land Development in Sinai

March 9, 2017
The Prime Minister issued Decree no. 215 of 2017 amending the executive regulations of Law no. 14 of 2012 on the Development of Sinai Peninsula. Sinai Peninsula under this law refers to the Governorates of North Sin...

New Accounting Standard for EGP Free Floatation

March 9, 2017
The Minister of Investment issued Decree no. 16 of 2017 to add a new annex (Annex A) to the Egyptian Accounting Standard no. (13) concerning "The Effects of Changes in the Prices of Foreign Currencies".

R&R Releases Report on Legal Framework of Pharmaceutical Sector in Egypt

March 9, 2017
Our Partner and her team released a summary report outlining the legal structure of the pharmaceutical sector in Egypt.

R&R Contributes to the World Bank Report on PPP

March 8, 2017
Riad & Riad Contributes to Egypt's section in the Word Bank Benchmarking Public-Private Partnership Procurement Report.

Legal Framework of the Pharmaceutical Sector in Egypt

March 7, 2017
Having an effective and enforceable legal structure for the pharmaceutical sector is an essential element in achieving the country's goals of accessibility, quality, and rational use of medicine. This report aims to...

Transportation of Goods by Egyptian Railways

March 7, 2017
The Minister of Transportation issued Decree no. 722 of 2016 regarding the Rules of Transportation of Goods by Egyptian Railways has been published in the Official Gazette on 15 February 2017.

Significant Amendments to Egypt’s Importers Register Law

March 7, 2017
A long waited law is issued on the 7th of March 2017 to amend the Importers Register Law no. 121 of 1982. The amendment aims at reorganizing the importation business in Egypt, establishing a competitive and transpar...

FiT Program in Benban – Amendment of the Cost Sharing Agreement

March 6, 2017
The Feed-in-Tariff Unit at the Egyptian Electricity Transmission Company (EETC) announced today to the developers in Round 1 and Round 2 of the FiT Program the estimated increase in the cost of the interconnection w...

Egypt FiT Program – Winning Developers in Round 1 Announced

March 6, 2017
The Egyptian Electricity Transmission Company (EETC) has finally announced the developers who succeeded to achieve financial closure under Round 1 of the feed-in tariff program in Benban, in Upper Egypt. The develop...

Opportunities And Challenges In Egypt’s New Industrial Zones

March 6, 2017
In a roundtable organized by the British Egyptian Business Association, our partner, Dr. Fatma Salah, spoke about the regulatory challenges facing the manufacturing sector in Egypt.

Opportunities and Challenges in Egypt’s New Industrial Zones

March 1, 2017
In the Roundtable organised by the British Egyptian Business Association (BEBA), under the name “Opportunities in the New Industrial Zones”, our Partner Dr. Fatma Salah discussed the regulatory challenges facing the...

FiT Program – Round II

February 21, 2017
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...

تعديل أحكام قانون إنشاء لجان التوفيق في المنازعات

February 16, 2017
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.

January 2017 Newsletter

January 25, 2017
Legal Updates and Riad and Riad news.

Riad and Riad Participates in the Discussion of the New Draft Labor Law

January 24, 2017
A draft new law on labor and employment is under discussion by the Government to replace the current Labor Law no. 12 for 2003.

Harsher Penalties for Using Foreign Currency in Local Dealings

January 24, 2017
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.

Amendment to the Tenders and Bids Law

January 24, 2017
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.