• January 2017 Newsletter

    Posted in News on Jan 25, 2017

    Legal Updates and Riad and Riad news.

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

    Posted in News on Jan 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

    Posted in News on Jan 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

    Posted in News on Jan 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.

  • The Establishment of the National Food Safety Authority

    Posted in News on Jan 24, 2017

    The first law issued by the Parliament in 2017 is a long-waited one establishing a central regulatory authority to be responsible for food safety, it is the National Food Safety Authority (NFSA).

  • Rules of Free Allocation of Industrial Land Plots in Upper Egypt

    Posted in News on Jan 23, 2017

    On 5 January 2017, the Prime Minister issued decree no. 42 of 2017 determining the technical and financial requirements that must be met by a qualified investor to receive free industrial lands in Upper Egypt.

  • 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.