saasaMay 15, 2004 - amcham-egypt.org€¦ · Egypt’s two- and three-wheeler (tuk-tuk) owners will...

April 15, 2014

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

WORLD BANK APPROVES USD300 MILLION TO SUPPORT SMALL

BUSINESSES 4 The World Bank has approved a USD300 million loan to Egypt for a project targeting small

businesses in more rural and underprivileged areas .................................................... 4

IMF IN TALKS WITH EGYPT REGARDING USD 4.8 BILLION LOAN

4 Egypt will need further international assistance to put its economy back on track despite

receiving huge loans from Gulf Arab states, ............................................................ 4

FINANCE ........................................................................ 4

INFLATION STABLE IN MARCH AT 9.8% Y-O-Y 4 Urban consumer price inflation was stable at 9.8% Y-o-Y in March. Both food and non-food

inflation showed stable annual growth levels, .......................................................... 4

AGRICULTURE ................................................................. 5

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

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EGYPT TO LEASE FARMLAND TO ARAB INVESTMENT FIRM 5 Egypt plans to lease 60,000 feddans (25,200 hectares) of agricultural land this year to a firm

affiliated with an Arab investment body, ............................................................... 5

LAWS & REGULATIONS ...................................................... 5

CABINET APPROVES DRAFT LAW BARRING CHALLENGES TO

CONTRACTS 5 Egypt's cabinet approved a draft investment law that prevents third parties from challenging

contracts made between the government and an investor, two government officials said. ............ 5

IT & TELECOMMUNICATIONS ............................................ 5

TE TO FINANCE EGP2.5 BILLION UNIFIED LICENCE PAYMENT

INTERNALLY 5 Telecom Egypt (TE) will use internal financing for the EGP2.5 billion payment to be made for

the unified telecom licence as the company has about EGP6 billion on its balance sheet. ............ 5

VODAFONE EGYPT LODGES APPEAL AGAINST COMPETITION

AUTHORITY'S 6 Vodafone Egypt (VFE) has lodged an appeal against Egyptian Competition Authority's (ECA)

decision to refer VFE to the Public Prosecutor for imposing a stamp duty on its subscribers.. ...... 6

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

TWO-AND-THREE WHEELER OWNERS GIVEN 30 DAY GRACE

PERIOD TO LICENCE VEHICLES 6 Egypt’s two- and three-wheeler (tuk-tuk) owners will have a 30-day grace period from 1 April 2014 to ensure that their vehicles are licenced once a new presidential decree is issued amending

the traffic law. ........................................................................................... 6

REAL ESTATE .................................................................. 7

MINISTRY OF HOUSING TO CHANGE LAND ALLOCATION

MECHANISM IN CAIRO 7 The Minister of Housing said the land allocation mechanism restricted to bids will be changed, adding that the Ministry of Housing will use the sealed-envelope system to choose the best

financial and technical bids.. ............................................................................ 7

AL FUTTAIM AIMS TO LAUNCH SECOND PHASE OF CAIRO

FESTIVAL CITY 7 Majid Al Futtaim for Real Estate Development-Egypt (Al Futtaim) is aiming to launch the

second phase of Cairo Festival City with a total investment cost of EGP4 billion. ................... 7




MINISTRY OF HOUSING APPROVES FINAL SETTLEMENT ON

SODIC’S EASTOWN 7 The Ministry of Housing has approved the final settlement regarding Sixth of October

Development and Investment Company’s (SODIC) Eastown land.. .................................. 7

PETROLEUM ................................................................... 8

KUWAIT IN TALKS TO RENEW CONTRACTS ON SUPPLYING OIL

TO EGYPT 8 Kuwait is in talks to renew some of its contracts to supply oil to Egypt and has been looking for

potential investments in the energy sector there, ....................................................... 8

PROJECTS ....................................................................... 8

EGYPT INKS USD800MN MOU WITH CHINA FOR RAILWAY

PROJECT 8 Egypt's Ministry of Transportation signed on 3 April 2014 a Memorandum of Understanding

(MoU) with the Chinese government to cooperate on a new USD800mn railway project,............ 8

LEGISLATIVE UPDATE ................................................... 9

BSAC PUBLICATIONS .................................................. 14

IMPORTANT LINKS ...................................................... 17




Economy

WORLD BANK APPROVES USD300 MILLION TO SUPPORT SMALL

BUSINESSES

Source: Ahram Online, April 6, 2014

The World Bank (AmCham Member) (link here) has approved a USD300

million loan to Egypt for a project targeting small businesses in more rural and

underprivileged areas. The money will optimise Egypt's micro and small

enterprises (MSEs), which will open the door for job creation in the private sector.

The five-year project is set to reach over 130,000 MSEs, 37% of which are owned

by women. “The project will reach out to remote, rural and underprivileged areas

in Egypt,” said Sahar Nasr, the World Bank's lead economist and project team

leader.

Contents

IMF IN TALKS WITH EGYPT REGARDING USD 4.8 BILLION LOAN

Source: Ahram Online, April 13, 2014

Egypt will need further international assistance to put its economy back on track

despite receiving huge loans from Gulf Arab states, the International Monetary

Fund (IMF) (link here) said; "Egypt will need financial support which could

come from its partners in the Gulf or, if the government wants that, from the IMF

and from other international financial institutions," Christopher Jarvis, the

International Monetary Fund's Egypt mission chief, told reporters. Despite the

influx of cash, Egypt still faces "big challenges" including low growth, high

unemployment and an aggravated budget deficit, Jarvis said. Jarvis renewed calls

on Egypt to take the politically sensitive step of reducing fuel subsidies, saying

that they were painful for the budget. "The sooner the reform is started the

better. But we see it as a process that will take several years," Jarvis said, adding

that the IMF stood ready to assist.

Contents

Finance

INFLATION STABLE IN MARCH AT 9.8% Y-O-Y

Source: Capmas, April 13, 2014

Urban consumer price inflation was stable at 9.8% Y-o-Y in March. Both food and

non-food inflation showed stable annual growth levels, standing at 15.6% Y-o-Y

and 5.1% Y-o-Y, respectively. The outturn came in slightly above our forecast of

9.4% Y-o-Y as we expected lower monthly increase in food price inflation. We

reiterate our view that the Central Bank of Egypt (CBE) (link here) is likely to

hold policy rates unchanged when it meets on 24 April. Monthly inflation trends

show headline inflation was up 0.6% M-o-M in March, decelerating from 1.4% in

January and 1.0% in February. Food prices jumping 1.4% M-o-M driven by higher

prices of meat, fruits and vegetables. March’s food price increase brings the

cumulative food price inflation in 1Q2014 to 5.2% Q-o-Q, supporting our view

that the CBE is likely to leave interest rates unchanged having cut them three

times in the last six months. Non-food inflation inched up only 0.1% M-o-M with

most non-food items in the consumer basked showing no price movements. Non-

food prices rose 1.4% Q-o-Q in 1Q2014. We maintain our forecast for average




http://www.worldbank.org/

http://www.imf.org/external/index.htm

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

inflation in 2014 at 9.4% Y-o-Y. Inflation is likely to decelerate further in the

coming few months, benefiting from favorable base effects; the EGP was subject

to devaluation in 1H2013. We therefore see inflation remaining in single digits for

most of 2014. GCC financial and in-kind support will help avoid any inflationary

shocks, related to the currency or energy, and so will stable global food prices.

Contents

Agriculture

EGYPT TO LEASE FARMLAND TO ARAB INVESTMENT FIRM

Source: Reuters, April 9, 2014

Egypt plans to lease 60,000 feddans (25,200 hectares) of agricultural land this

year to a firm affiliated with an Arab investment body, its agriculture minister

said, in a bid to attract more investment from its Gulf allies. "We are discussing

some alternative financing plans for our country. We plan to give some 60,000

feddans this year to a company shared with the Arab Authority for

Agricultural Investment (link here)," Agriculture Minister Ayman Abu-Hadid

on the sidelines of an Arab finance ministers summit in Tunis.

Contents

Laws & Regulations

CABINET APPROVES DRAFT LAW BARRING CHALLENGES TO CONTRACTS


Egypt's cabinet approved a draft investment law that prevents third parties from

challenging contracts made between the government and an investor, two

government officials said. "The cabinet approved today a draft law that limits

appeals on contracts between the government and investors to the parties

involved only," one of the government officials. Since the 2011 revolt, Egyptian

courts have issued at least 11 rulings ordering the state to reverse deals signed

by the former president's administration. The lawsuits have been brought by

activists and lawyers who allege that companies were sold off too cheaply in deals

that were representative of corrupt business practices during the Mubarak era.

Gulf Arab businessmen, for instance, have repeatedly cited a lack of guarantees

that their money will be safe in Egypt as a reason for holding back investment.

Contents

IT & Telecommunications

TE TO FINANCE EGP2.5 BILLION UNIFIED LICENCE PAYMENT

INTERNALLY

Source: Al Borsa, April 7, 2014

Telecom Egypt (TE) (AmCham Member) (link here) will use internal

financing for the EGP2.5 billion payment to be made for the unified telecom

licence as the company has about EGP6 billion on its balance sheet. TE is to start

providing mobile services around the month of Ramadan, which should coincide

with the end of June 2014.

Contents




http://www.aaaid.org/english/

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

VODAFONE EGYPT LODGES APPEAL AGAINST COMPETITION

AUTHORITY'S


Vodafone Egypt (VFE) (AmCham Member) (link here) has lodged an appeal

against Egyptian Competition Authority's (ECA) (link here) decision to refer

VFE to the Public Prosecutor for imposing a stamp duty on its subscribers. The

ECA had issued a decision in December 2013 referring the mobile operators, VFE,

Mobinil (AmCham Member) (link here) and Etisalat's subsidiary Etisalat

Misr (AmCham Member) (link here) for raising prices and colluding to impose

a stamp duty worth EGP6.1 per subscriber. However, the companies had gained

written approval from the National Telecommunication Regulatory Authority

(NTRA) (link here) prior to applying the duties and will not reverse this

decision, according to company sources.

Contents
Automotive
TWO-AND-THREE WHEELER OWNERS GIVEN 30 DAY GRACE PERIOD TO

LICENCE VEHICLES

Source: Al Ahram, April 7, 2014

Egypt’s two- and three-wheeler (tuk-tuk) owners will have a 30-day grace period

from 1 April 2014 to ensure that their vehicles are licenced once a new

presidential decree is issued amending the traffic law. Vehicle owners who do not

abide by the grace period will have their vehicles confiscated. While it has always

been required to licence tuk-tuks, enforcement has been weak, partly due to their

relatively high licencing costs (c10% of tuk-tuk unit price). Two- and three-

wheelers are increasingly scrutinised in Egypt as their usage to commit crimes

grew, with a one-year-ban currently imposed on their importation. While the

licencing enforcement is an expected outcome that could limit the long-term

potential of two- and three-wheeler sales for GB Auto (link here), the news

signals that the ban could end earlier than expected if vehicle owners abide by

the grace period, which poses an upside risk to our near-term numbers for GB

Auto.

Contents




http://www.vodafone.com.eg/vodafoneportalWeb/en/myWorld_mainPage

http://www.eca.org.eg/ECA/default.aspx

https://www.mobinil.com/en/?gclid=CMzFmPLQ370CFerpwgodpa8AiA

http://etisalat.com.eg/etisalat/Etisalat_Portal_En/home/home.htm?gclid=CLfCnpreub0CFQ_HtAodzzUA4w

http://www.tra.gov.eg/english/DPages_DPagesDetails.asp?ID=201&Page=2

http://www.ghabbourauto.com/

Real Estate

MINISTRY OF HOUSING TO CHANGE LAND ALLOCATION MECHANISM IN

CAIRO

Source: Shorouk, April 8, 2014

The Minister of Housing said the land allocation mechanism restricted to bids will

be changed, adding that the Ministry of Housing (link here) will use the

sealed-envelope system to choose the best financial and technical bids. Mostafa

Madbouly confirmed that the ministry will draft the new real estate regulations of

the NUCA (link here) Law within two months to attract more investment and

reduce disputes. The government is also considering incentivising investors by

allowing investments in new areas, i.e. the planned city in Alameen, in addition to

four other new cities to be established from 2014-19.

Contents

AL FUTTAIM AIMS TO LAUNCH SECOND PHASE OF CAIRO FESTIVAL CITY

Source: Mubasher, April 9, 2014

Majid Al Futtaim for Real Estate Development-Egypt (Al Futtaim)

(AmCham Member) (link here) is aiming to launch the second phase of Cairo

Festival City (link here) with a total investment cost of EGP4 billion. The phase

will include the construction of five commercial buildings, 300 standalone units,

600 apartments and a hotel.

Contents

MINISTRY OF HOUSING APPROVES FINAL SETTLEMENT ON SODIC’S

EASTOWN


The Ministry of Housing (link here) has approved the final settlement

regarding Sixth of October Development and Investment Company’s

(SODIC) (AmCham Member) (link here) Eastown land. The agreement

requires SODIC to pay EGP900 million to settle its ongoing dispute over Eastown

land. The company will pay EGP90 million upon signing the agreement with the

rest to be paid over semi-annual installments. In return, the company will be

granted a three-year extension period to execute the project. The duration upon

which the amount will be settled is not yet disclosed.

Contents




http://www.moh.gov.eg/en/en_design/Default_en.aspx

http://www.nuca.gov.eg/en/Home.aspx

http://www.majidalfuttaim.com/

http://www.festivalcitycairo.com/

http://www.moh.gov.eg/en/en_design/Default_en.aspx

http://www.sodic.com/

Petroleum

KUWAIT IN TALKS TO RENEW CONTRACTS ON SUPPLYING OIL TO EGYPT


Kuwait is in talks to renew some of its contracts to supply oil to Egypt and has

been looking for potential investments in the energy sector there, the Gulf state's

oil minister said. Kuwaiti and Egyptian officials were due to meet to agree on

details of supply contracts. Moreover, Kuwait would supply 2.25 million barrels of

oil and 1.2 million tonnes of petroleum products per month starting the beginning

of May next year.

Contents

Projects

EGYPT INKS USD800MN MOU WITH CHINA FOR RAILWAY PROJECT

Source: Zawya, April 6, 2014

Egypt's Ministry of Transportation (link here) signed on 3 April 2014 a

Memorandum of Understanding (MoU) with the Chinese government to cooperate

on a new USD800mn railway project, the first in Egypt to employ an electric

traction system. The first phase of the project, which shall link Alexandria and

Giza, will span c200km and is estimated to take about three years to complete.

Contents




http://www.mot.gov.eg/

-9-

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

Compiled by: Business Studies & Analysis Center (BSAC)






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 Description

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

On building and operating thermal equipment and steam boilers, and its executive regulations

Presidential Decree-law No. 24 of the Year 2014 New

On Amending Certain Provisions of the Law On the Regulation of Universities

Presidential Decree-law No. 25 of the Year 2014 New

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

Ministerial Decree No. 242 for the year 2000 New

concerning the inscription of obligatory data on labels of certain canned, frozen, bottled and packaged food products

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

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

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

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

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

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

Presidential Decree-Law No. 106 of The Year 2013 New

On The Prohibition of Conflict Of Interests of Public Officials.




Decree No. 66 of the year 2009, promulgated on 7/12/2009 New

Regarding the Development Fee Levied on the Companies Regulated by the Authority. As amended by Decree No. 30/2010 and 82/2013

Administrative Resolution No. 34 of the Year 2014 New

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

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

Regarding the establishments of new tourism companies.

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

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 New

Concerning the standard specifications producers and importers should abide with while producing and importing the chemical and engineering commodities

Decree No. 23 for the year 2014 New (January 2014)

On Determining the Rules and Conditions of Certain Provisions of Presidential Decree No. 184/2013 Concerning the Issuance of Custom Tariffs

Decree No. 209 of the Year 2009 Amended by Decree No. 63 of the Year 2014 New (February 2014)

Concerning Executive Regulations Promulgated by the Minister of Tourism

Prime Minister Decree No. 1478 for the Year 2013 New (December 2013)

On Utilization of Black Sands

The Ministry of Tourism Decree No. 777 for the year 2013 New (December 2013)

On Regulating the Tourist companies

Prime Minister Decree No. 22 for the year 2014 New (January 2014)

On Overall Monthly Wages and Incomes of Civil Servants

Decree-Law of the President of the Arab Republic of Egypt No. 160 of the Year 2013 (December 2013) New

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

Ministerial Decree No. 448/2007 Amended by Decree No. 626/2013 (September 2013)

On Licensing the Activity or Recording in the Industrial Register Regarding the Lands were Allocated in the Industrial Zones

Prime Minister Decree No. 1138/2013 Amending Prime Minister Decree No. 144/2013 (October 2013)

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

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

On Levying an Export Duty on the Exports of Nitrogenous Fertilizers

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

Decree 465/2013 (July 2013) In Respect of Cancelling the Export Duty

Imposed on Some Feedstuff Items

Decree 223/2013 (June 2013)

On Regulating the Packing and Trading Activities Related to the Pasta, Vegetable

Oils and Margarine

Decree 371/2013 (June 2013)

On the commitment to Produce and Import According to the Egyptian Standard

Specifications

Decree 333/2013 (June 2013) On Amending the Executive Regulation of

the Income Tax Law

Decree 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

Bancassurance by Banks

Annex (1) of Decree 310/2013 (May 2013) Provisions of Decree 301/2013 Of the Tax

Apply

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 204/2013 (April 2013) On Amending Some Provisions of the

Executive Regulations of the Customs Law

Decree 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 133/2013 (April 2013)

On the Amendment of Some Provisions of the Executive Regulations Implementing

the Industrial Register Law

Presidential Decree 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

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


Amending Some Provisions, Rules And Procedures Of The Human Drugs

Registration


Amending Certain Provisions of the Protection of the River Nile and Waterways

Against Pollution

Decree 636/2012 (October 2012) Amending decree no. 121

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

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



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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