News


  • Establishing Industrial Zone at Central Sinai

    Posted in News on Mar 13, 2017

    President Abdelfattah El Sisi issued Decree no. 70 of 2017 to allocate an area of 78,386 Acre

  • New Rules for Importation of Pharmaceutical Products

    Posted in News on Mar 12, 2017

    The Minister of Health issued Decree no. 5 of 2017 announcing some additional rules for importing drugs, raw materials, vaccines, baby milk and medical supplies from reference and non-reference countries.

  • Consolidated Rules for the OTC Market

    Posted in News on Mar 12, 2017

    The board of the Egyptian Financial Supervisory Authority (EFSA) issued Decree no. 17 of 2017 to consolidating and unifying the rules pertaining to EGX Over the Counter (OTC) market for trading unlisted securities, proof of transfer of ownership and their publication (the "Rules").

  • New Pricing for Certain Drugs

    Posted in News on Mar 11, 2017

    The Minister of Health issued Decision no. 23 of 2017 approving new prices of a number of 3010 pharmaceutical products. The decision entered into force on 12 January 2017.

  • Egypt and Kuwait Double Taxation Treat

    Posted in News on Mar 11, 2017

    The Double Taxation Treaty between Egypt and Kuwait is published in the Official Gazette on the 23 February 2017

  • Procurement Rules of Damietta Port Authority

    Posted in News on Mar 11, 2017

    The board of directors of Damietta Port Authority issued Decree no. 137 of 2017 on the Procurement Regulations of Damietta Port Authority.

  • Executive Regulations of VAT Law Released

    Posted in News on Mar 10, 2017

    Executive Regulations of VAT Law Released The Minister of Finance issued Ministerial Decree no. 66 of 2017 promulgating the Executive Regulations of the VAT Law no. 67 of 2016.

  • R&R Represents FAS Energy in Successfully Achieving Financial Closure for Solar PV Project in Benban

    Posted in News on Mar 10, 2017

    Riad & Riad is glad to be representing one of the few developers who succeeded to achieve financial closure in Round 1 of the Feed-in-Tariff (FiT) project in Benban in Upper Egypt.

  • New Rules for Land Development in Sinai

    Posted in News on Mar 09, 2017

    The Prime Minister issued Decree no. 215 of 2017 amending the executive regulations of Law no. 14 of 2012 on the Development of Sinai Peninsula. Sinai Peninsula under this law refers to the Governorates of North Sinai and South Sinai and the areas locating inside the administrative boundaries of Suez, Ismailia and Port Said.

  • New Accounting Standard for EGP Free Floatation

    Posted in News on Mar 09, 2017

    The Minister of Investment issued Decree no. 16 of 2017 to add a new annex (Annex A) to the Egyptian Accounting Standard no. (13) concerning "The Effects of Changes in the Prices of Foreign Currencies".