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March 14 2024

The 14 most prominent decisions to support industry in Egypt to increase local production.. Learn about them

The government has provided a number of benefits and incentives to the industrial sector through many financial measures and policies adopted by the state, within the framework of working to improve the growth structure of the national economy to become more diversified and competitive, relying on local production and exports, and more capable of absorbing […]

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March 14 2024

The Enterprise Development Authority signs two new contracts to finance micro-projects

Basil Rahmi, CEO of the Enterprise Development Agency, witnessed the signing of two contracts between the agency and Aman Company to finance microprojects in the amount of 160 million pounds. The first contract, in the amount of 100 million pounds according to the microfinance project to finance all target groups in all governorates, and the […]

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March 14 2024

7 decisions to increase foreign direct investment to $12 billion within 23/24

The government aims to attract net foreign direct investments worth $12 billion during the current fiscal year, an increase of 20% over what was achieved during the last fiscal year, with the aim of increasing the investment rate, which will contribute to reaching the economic growth rate to between 7-9%, and raising the sector’s economic […]

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March 14 2024

Learn about the penalty for late submission of payroll tax returns

Law 206 of 2020, promulgating the Unified Tax Procedures Law, specifies the penalty for performing a number of acts that are considered a crime under the law, as the law stipulates that he shall be punished with a fine of not less than 3 thousand pounds and not exceeding 50 thousand pounds, in addition to […]

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March 14 2024

Requests for reconciliation of building violations to the administrative authority within 6 months…a legal text

The Building Violations Reconciliation Law approved the submission of reconciliation requests to the competent administrative authority within 6 months from the effective date of the executive regulations of this law. Article 6 of the law stipulates: “The reconciliation request shall be submitted to the competent administrative authority within a period not exceeding six months from […]

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November 29 2023

The Stock Exchange presents to the Ministry of Solidarity a proposal to establish joint-stock companies to establish development projects

Ahmed Al-Sheikh, Chairman of the Board of Directors of the Egyptian Stock Exchange, revealed proposals submitted by the Stock Exchange to cooperate with the Ministry of Social Solidarity, including helping the Ministry to establish companies based on the establishment of integrated agricultural and industrial complexes, proposing a project in a governorate of a suitable nature […]

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November 29 2023

Today, the Sheikh Economy continues to discuss the study “Improving the Investment Climate”

The Senate Financial, Economic and Investment Affairs Committee, during its meeting today, Tuesday, headed by Representative Gamal Abdel Halim, the committee’s representative, continued discussing the study submitted by Representative Yasser Zaki, the committee’s representative, regarding “investment obstacles and incentives to improve the investment climate and encourage foreign direct investment,” and the study submitted by Representative […]

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November 25 2023

Under consumer law, the warranty issue is resolved when purchasing electrical appliances

Consumer Protection Law No. 181 of 2018, specifically Article Twenty-Three, addresses the problem of warranty during buying and selling operations between the consumer and the merchant, as the warranty includes detection, inspection, repair and original spare parts, in addition to bearing the expenses of transporting technicians and the expenses of transporting the product when repair […]

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November 21 2023

The Ministry of Commerce hosts a meeting of officials from the Egyptian Federation of Industries and Chambers of Commerce

The Ministry of Commerce and Industry hosted an expanded meeting of the Minister of Commerce and Industry, Engineer Ahmed Samir, and his Saudi counterpart, Dr. Majid Al-Qasabi, with a delegation of Saudi investors and officials of the Federation of Industries and the Federation of Chambers of Commerce, in the presence of Dr. Iman Al-Mutairi, Saudi […]

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November 21 2023

4 data that the law requires to be mentioned in the individual employment contract in the private sector

Labor Law No. 12 of 2003 specified the data included in the individual employment contract, including a special chapter under the title “Individual Employment Contract,” and stipulated that the provisions of this chapter apply to the contract under which a worker undertakes to work for the employer and under his management or supervision in exchange […]

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