saasaMay 15, 2004 - AmCham...passenger car sales to 13,999 vehicles in October 2016 (+9% M-o-M). Total automotive market Total automotive market sales volume fell 22% Y-o-Y, reaching

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

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

December 15, 2016

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

EGYPT RECEIVES INFLOWS OF USD1BN SINCE FLOAT 4 The Central Bank of Egypt (CBE) Governor Tarek Amer said nothing would prompt him to intervene to prop up the EGP, calling those policies ‘history’ in an interview published by

business newsletter Enterprise. ......................................................................... 4

GAFI: NEW INVESTMENT LAW OFFERS GOLD LICENCE 4 The CEO of the Egyptian General Authority for Investment (GAFI) , Mohamed Khodear, said that the new investment law offers a golden licence for investors to take part in the national

developmental and strategic projects. ................................................................... 4

INTERNATIONAL TRADE .................................................. 4

HIGHER CUSTOM DUTIES AIM TO REDUCE TRADE DEFICIT,

EASE DEMAND ON FOREIGN CURRENCY 4 The government has decided to increase duties on more than 350 imported consumer goods to reduce trade deficit and ease demand on foreign currency, Minister of Finance Amr El-Garhy

said. ...................................................................................................... 4

TARIFF ON IMPORTED POULTRY TO BE REINSTATED 5

mailto:[email protected]

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




The Cabinet is reportedly planning to reinstate tariffs on poultry, following a meeting with the Egyptian Poultry Association, which threatened to seek legal arbitration to have the measure

scrapped. ................................................................................................ 5

AUTOMOTIVE .................................................................. 5

PASSENGER CAR SALES CONTINUE DOWNTREND 5 The Automotive Marketing Information Council (AMIC) reported a 19% Y-o-Y drop in Egypt passenger car sales to 13,999 vehicles in October 2016 (+9% M-o-M). Total automotive market sales volume fell 22% Y-o-Y, reaching 18,468 units during October, with buses declining 44%

and trucks 22% Y-o-Y. .................................................................................. 5

POWER ........................................................................... 5

GOVERNMENT POSTPONES ALL POWER GENERATION

PROJECTS UNDER THE 2017-22 PLAN 5 The government has decided to delay all the power generation projects included in the 2017-22 plan to the government’s 2022-27 plan, given the increased financial burden on the government

post floatation of the EGP .............................................................................. 5

MINISTRY OF ELECTRICITY WILL NOT POSTPONE COAL-FIRED

POWER PROJECTS IN THE 2017-22 PLAN 6 The Ministry of Electricity and Renewable Energy will exclude coal-fired power plants and transmission and distribution projects from the government’s recent decision to delay power

generation projects included in the 2017-22 plan to the 2022-27 plan. ................................ 6

ENERGY ......................................................................... 6

ENI AGREES TO SELL 30% OF SHOROUK CONCESSION TO

ROSNEFT 6 Italian Eni agreed to sell 30% stake in Egypt’s Shorouk Concession to Russia’s Rosneft. Eni, through its joint venture Italian Egyptian Oil Company (IEOC), holds a 90% stake in the

concession after the recent selling 10% to BP .......................................................... 6

MERGERS AND ACQUISITIONS ........................................... 6

SOLID CAPITAL IN TALKS OVER BUYING 15% STAKE IN CI

CAPITAL 6 Solid Capital is leading a consortium of foreign and Arab investors to negotiate for acquiring a 15% stake in CIB owned investment arm, CI Capital. “Solid Capital-led alliance plans to submit

an acquisition offer for an additional 15% stake to the previous offer. ................................ 6

INDUSTRY ...................................................................... 7





PRIVATELY-OWNED FERTILISER PRODUCERS CUT SUPPLY TO THE MINISTRY OF AGRICULTURE AWAITING ADJUSTMENTS IN

EITHER GAS OR PRODUCT PRICES 7 Alexandria Fertilizers Company (AlexFert) and other private fertiliser producers have decided to cut supply to the Ministry of Agriculture until a solution is provided from the government’s

side for the gas price issue, which increased post-floatation. ........................................... 7

PHARMACEUTICALS ......................................................... 7

HEALTH MINISTRY AND PHARMACEUTICAL PRODUCERS FAIL

TO REACH MIDDLE GROUND 7 The Minster of Health and Population stated in a press conference that no medicine price

increases will be allowed until the EGP exchange rate stabilises. ...................................... 7

TOURISM ........................................................................ 7

LOW OCCUPANCY RATES IN VARIOUS CITIES 7 Average occupancy rate at Sharm El-Sheikh currently averages 12%, continuing to suffer from the travel ban imposed on the city, with not much improvement expected over the Christmas

break for the same reason. .............................................................................. 7

FINANCE ........................................................................ 8

NBE TO PUMP EGP1.7BN IN MORTGAGE FINANCE INITIATIVE

IN 2017 8 National Bank of Egypt is planning to complete pumping EGP3bn financing allocated for the mortgage finance initiative by the end of 2017. The bank has managed to pump EGP1.3bn so

far through the Central Bank of Egypt (CBE)’s initiative launched back in 2014. ..................... 8

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

BSAC PUBLICATIONS .................................................. 20

IMPORTANT LINKS ...................................................... 22





Economy

EGYPT RECEIVES INFLOWS OF USD1BN SINCE FLOAT

Source: Reuters, December 12, 2016

The Central Bank of Egypt (CBE) (link here) Governor Tarek Amer said

nothing would prompt him to intervene to prop up the EGP, calling those policies

‘history’ in an interview published by business newsletter Enterprise. "Intervene

No. Absolutely not. This is history. There will be no intervention. Everyone was

talking about us pumping in USD2-4bn. That's not it. That runs exactly contrary

to the idea we were implementing". Amer also said that the stock market is up

35% since the floatation decision was taken on 3 November. Portfolio investors in

the debt market came almost immediately with USD1bn worth of inflows in the

month since the decision, he said, adding that this was not expected in the first

month. "This is great news and we expect more to come.

GAFI: NEW INVESTMENT LAW OFFERS GOLD LICENCE

Source: Mubasher, December 8, 2016

The CEO of the Egyptian General Authority for Investment (GAFI) (link here), Mohamed Khodear, said that the new investment law offers a golden

licence for investors to take part in the national developmental and strategic

projects. The licence will be a single certificate that facilitates all procedures, he

added. Khodear also pointed to the amendment of liquidation and bankruptcy

laws, adding that that the ministries of Investment and Finance will reach a

decision regarding special free zones.

International Trade

HIGHER CUSTOM DUTIES AIM TO REDUCE TRADE DEFICIT, EASE DEMAND ON FOREIGN CURRENCY

Source: Bloomberg, December 5, 2016

The government has decided to increase duties on more than 350 imported

consumer goods to reduce trade deficit and ease demand on foreign currency,

Minister of Finance Amr El-Garhy said. The Ministry of Finance said in a statement

that the tariff increases targeted manufactured products that are also made

locally and goods that were deemed non-essential. The new tariffs, going up to

60% for many items, would boost customs revenues by EGP6bn (USD339mn) a

year, if imports remained at current volumes, according to the Ministry. The

increases, which take immediate effect, are in compliance with World Trade

Organisation (WTO) (link here) standards, and do not apply to counties or

blocs with which Egypt has active free trade agreements, the Ministry said.


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

http://www.gafi.gov.eg/English/Pages/default.aspx

http://www.gafi.gov.eg/English/Pages/default.aspx

https://www.wto.org/




TARIFF ON IMPORTED POULTRY TO BE REINSTATED

Source: Al Borsa, December 4, 2016

The Cabinet is reportedly planning to reinstate tariffs on poultry, following a

meeting with the Egyptian Poultry Association (link here) , which threatened

to seek legal arbitration to have the measure scrapped. According to sources,

Prime Minister Sherif Ismail was misinformed that there was a 20-25% shortfall

in the supply of chicken in the market, which led to the decision of tariff removal.

The decision allowed for 147k tonnes of poultry to enter the country in just a few

days, which is nearly the same amount of chicken that Egypt imports in an entire

year. Domestic poultry producers have welcomed the reversal of the decision,

with some promising to double production and sell to the Supply Ministry at

cheaper prices.

Automotive

PASSENGER CAR SALES CONTINUE DOWNTREND

Source: AMIC, December 4, 2016

The Automotive Marketing Information Council (AMIC) (link here)

reported a 19% Y-o-Y drop in Egypt passenger car sales to 13,999 vehicles in

October 2016 (+9% M-o-M). Total automotive market sales volume fell 22% Y-o-

Y, reaching 18,468 units during October, with buses declining 44% and trucks

22% Y-o-Y. GB Auto’s (AmCham member) (link here) combined passenger

car sales volumes (Hyundai, Geely, Chery and Mazda) increased 38% Y-o-Y with

its market share increasing to 41% in October 2016 compared to 24% in the

same month last year, driven mainly by the Chery brand, of which it sold 1,185

units in the month (8% market share) and a 16% Y-o-Y increase in Hyundai

volumes. Meanwhile, Geely volumes declined 13% Y-o-Y, while Mazda volumes

dropped 25% Y-o-Y.

Power

GOVERNMENT POSTPONES ALL POWER GENERATION PROJECTS UNDER THE 2017-22 PLAN


The government has decided to delay all the power generation projects included

in the 2017-22 plan to the government’s 2022-27 plan, given the increased

financial burden on the government post floatation of the EGP, along with current

excess supply of energy due to the recent/upcoming capacity additions, according

to government sources. The list of postponed project includes: power stations in

Dayrout, Damanhour, Hamraween, Attaqa and Mahmoudeya conversion to

combined cycle, and Qena, for a total investment cost of USD15 bn.


http://www.egyptianpoultryassociation.com/

http://www.amicegypt.com/

http://www.ghabbourauto.com/




MINISTRY OF ELECTRICITY WILL NOT POSTPONE COAL-FIRED POWER PROJECTS IN THE 2017-22 PLAN

Source: Al Mal, December 8, 2016

The Ministry of Electricity and Renewable Energy will exclude coal-fired power

plants and transmission and distribution projects from the government’s recent

decision to delay power generation projects included in the 2017-22 plan to the

2022-27 plan. The sources added that the rationale behind proceeding with the

coal-fired plants (such as Hamraween, and Al Nowais) is that their construction

takes seven years, in addition to the bidding process. The Dayrout power plant

will not be delayed as well as it will be contracted through Build Own Operate

“BOO”, where the land will be awarded through usufruct for 25 years and the

government will sign PPA with the awarded company.

Energy

ENI AGREES TO SELL 30% OF SHOROUK CONCESSION TO ROSNEFT

Source: Egypt Oil & Gas, December 12, 2016

Italian Eni (link here) agreed to sell 30% stake in Egypt’s Shorouk Concession

to Russia’s Rosneft (link here). Eni, through its joint venture Italian Egyptian

Oil Company (IEOC), holds a 90% stake in the concession after the recent selling

10% to BP (AmCham member) (link here). Eni will sell the 30% stakes for

$1.125b. This will reduce Eni’s stakes to 60%. Rosneft would repay investments

already paid by Eni which has reached total of around $450m. Additionally,

Rosneft has an option to buy a further 5% stake under the same terms. Finalizing

the agreement and consequent transaction is pending the fulfillment of certain

standard conditions, including all the required approvals from the Egyptian

authorities. The Shorouk concession includes supergiant Zohr gas field in the

Mediterranean Sea, which was discovered by Eni in August 2015 and is the

largest natural gas field ever found in the Mediterranean, with a total potential of

850bcm of gas in place.

Mergers and Acquisitions

SOLID CAPITAL IN TALKS OVER BUYING 15% STAKE IN CI CAPITAL

Source: Mubasher, December 7, 2016

Solid Capital (link here) is leading a consortium of foreign and Arab investors

to negotiate for acquiring a 15% stake in CIB (AmCham member) (link here)

owned investment arm, CI Capital (AmCham member) (link here). “Solid

Capital-led alliance plans to submit an acquisition offer for an additional 15%

stake to the previous offer. Earlier, CIB announced selling 72% of CI Capital to a

number of investors at EGP 683.4 million, of which Solid will account for an 8%

stake. The additional stake purchase will be carried out at the same valuation of

the 72% stake, subject to a possible increase as per negotiation progress. Thus

the bid is likely to be finalised at EGP 142.5 million, raising the total lump sum to

EGP 950 million.


https://www.eni.com/en_IT/home.page

https://www.rosneft.com/

http://www.bp.com/en/global/corporate/about-bp/bp-worldwide/bp-in-egypt.html

http://solid-capital.com/

http://www.cibeg.com/English/Pages/default.aspx

http://www.cicapital.com.eg/




Industry

PRIVATELY-OWNED FERTILISER PRODUCERS CUT SUPPLY TO THE

MINISTRY OF AGRICULTURE AWAITING ADJUSTMENTS IN EITHER GAS OR PRODUCT PRICES


Alexandria Fertilizers Company (AlexFert) (link here) and other private

fertiliser producers have decided to cut supply to the Ministry of Agriculture until

a solution is provided from the government’s side for the gas price issue, which

increased post-floatation. The news source added that fertiliser companies are

pressuring the government to either increase fertilisers prices or adjust the

natural gas pricing mechanism.

Pharmaceuticals

HEALTH MINISTRY AND PHARMACEUTICAL PRODUCERS FAIL TO REACH MIDDLE GROUND


The Minster of Health and Population stated in a press conference that no

medicine price increases will be allowed until the EGP exchange rate stabilises.

This comes after many pharmaceutical producers failed to agree with the

Minister's proposal, which included raising prices for 10% of medicines by 50%

every six months. Unnamed sources reported that companies will submit

proposals to the Minster in the coming days, including: i) increasing prices of all

medicines by 25% annually for four years, ii) increasing prices by 40% for 20%

of non-essential drugs every sixth months, while increasing the prices for

essential drugs by 10% per annum, iii) increasing the prices of all medicines by

60% within two years.

Tourism

LOW OCCUPANCY RATES IN VARIOUS CITIES


Average occupancy rate at Sharm El-Sheikh currently averages 12%, continuing

to suffer from the travel ban imposed on the city, with not much improvement

expected over the Christmas break for the same reason. This is according to

Hesham Ali, Head of South Sinai Investors Association. The current average

occupancy rate in Luxor is 11%, expected to grow to 15% only over the break,

according to Tharwat El-Agamy, Head of Tourism Chamber in Aswan.


http://www.alexfert.com/new/




Finance

NBE TO PUMP EGP1.7BN IN MORTGAGE FINANCE INITIATIVE IN 2017

Source: Al Mal, December 12, 2016

National Bank of Egypt (NBE) (AmCham member) (link here) is planning to

complete pumping EGP3bn financing allocated for the mortgage finance initiative

by the end of 2017. The bank has managed to pump EGP1.3bn so far through the

Central Bank of Egypt (CBE)’s initiative launched back in 2014. According to an

official at NBE, the bank is on a steady path to funding the mortgage sector and

will be able to complete pumping the EGP3bn funds allocated for the initiative.

Some 13,000 low income customers have benefited from the EGP1.3bn financing

provided by NBE in several new urban communities including Sixth of October

and the Tenth of Ramadan.


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




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/

saasaMay 15, 2004 - AmCham...passenger car sales to 13,999 vehicles in October 2016 (+9% M-o-M). Total automotive market Total automotive market sales volume fell 22% Y-o-Y, reaching

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