News


  • New Maritime Transportation Regulations

    Posted in News on Jan 23, 2017

    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 of the year 2013.

  • Riad and Riad Opines on the New Draft Investment Law

    Posted in News on Jan 22, 2017

    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.

  • New Media and Press Law

    Posted in News on Jan 22, 2017

    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 1996 (related to disciplinary procedures for journalists).

  • Establishment of the Supreme Council of Investment

    Posted in News on Jan 22, 2017

    On 16 October 2016, the Presidential Decree no. 478 of 2016 was issued to establish the Supreme Council of Investment.

  • Riad and Riad Advises on the BOO 200 MW PV Power Project in WEST Nile

    Posted in News on Jan 21, 2017

    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 Egypt near EL Menya governorate.

  • Adjustment of Foreign Currency Prices for Tax Purposes

    Posted in News on Jan 21, 2017

    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 for the years 2013, 2014 and 2015.

  • Release of the Executive Regulations of the Movable Collateral Law

    Posted in News on Jan 20, 2017

    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).

  • Seminar on CG to the Japanese Business Community

    Posted in News on Jan 19, 2017

    Our partner Dr. Fatma Salah gave a seminar to the Japanese business community on the Egyptian corporate governance rules.

  • Commentary on the Draft Law on Development of Vehicles Industry and its Related Feeders Industries

    Posted in News on Dec 21, 2016

    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 approval. The purpose of the prospective law is to enhance and develop vehicles industry and feeders industries in Egypt (the “Industry”).

  • Central Bank Of Egypt Recent Decisions on Foreign Exchange

    Posted in News on Nov 09, 2016

    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.