Posted in News on Aug 19, 2020
Legal Updates
Posted in News on Jul 13, 2020
Legal Updates
Posted in News on Jul 13, 2020
The Egyptian Minister of Interior issued Decree No. 951/2020 to impose entry visa fees on citizens of the Gulf Cooperation Council (GCC) countries (Saudi Arabia, United Arab Emirates, Kuwait, Bahrain and The Sultanate of Oman). The decree was published on 17, June, 2020 in the official gazette to be enforced from June 18, 2020.
Posted in News on Jul 13, 2020
In the light of the precautionary measures adopted by the Egyptian government to combat the spread of COVID-19 pandemic, the Egyptian Prime Minister issued Decree No.1200/2020 to allow public universities to teach their curricula through electronic means of communication and promote distance learning. The Decree left it to each collage and institute to decide whether to hold exams electronically in light of its available infrastructure and technological capabilities.
Posted in News on Jul 13, 2020
The Egyptian Cabinet of Ministers extended the period during which eligible investment projects can benefit from the tax reduction system under the Investment Law No. 72/2017 (“Investment Law”) from 3 years to 6 years.
Posted in News on Jul 13, 2020
The Egyptian Minister of Interior issued Decree No. 945/2020 to exempt tourists on direct flights to touristic cities, Luxor, Sharm Elsheikh and Hurghada, from entry visa fees until the end of October 31 of 2020.
Posted in News on Jun 24, 2020
The Egyptian Cabinet has approved the Waste-to-Energy tariff at EGP 1.4/Kwh. The approval was issued by virtue of Decree no. 41 of 2019 (the "Decree").
Such tariff shall be applicable until reaching the maximum contractual capacity of 300 MW. Thereafter, the Cabinet will reconsider the tariff.
Posted in News on Jun 17, 2020
On 28 April 2020, the Egyptian Electricity Utility and Consumer Protection regulatory Agency ("EgyptERA**") issued Decree no. 2 of 2020 (the “Decree”) setting out the new rules for net metering. This Decree is effective as of 20 May 2020 and it replaced previous decrees announced by EgyptERA in relation to net metering to the extent such decrees contradict with the provisions of the new Decree.
Posted in News on Jun 17, 2020
If one of your employee is diagnosed with COVID-19 or exposed to someone with COVID-19, you, as the employer, or the responsible manager of the entity, is required to report the case to the competent Health Office.
Posted in News on Jun 14, 2020
Riad & Riad has advised and represented Haier Group, the Chinese multinational home appliances and electric company on its joint venture with Raya Group for the establishment of home appliance manufacturing project in Egypt.