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The Renewable Energy Investment Dilemma in Egypt

In 2014, the Egyptian government reformed the energy sector legal framework through the New Electricity Law and the newly adopted feed-in-tariff (FiT) program, where the Egyptian government encourages renewable energy production of a total 4.3 gigawatts by the private sector and selling electricity to the government. This government initiative was to cover for the electricity […]

Email as a Form of Evidence in Egyptian Courts

Email is messages distributed by electronic means from one computer user to one or more recipients via a network. Emails may be used as documentary evidence that can be admitted in courts the same way as can other forms of documentary evidence. The reliability of email evidence will be subject to scrutiny. This can be […]

BITs; An Alternative Dispute Settlement Mechanism for Foreign Renewable Energy Investors in Egypt

A globalized and interconnected world has seen the emergence of bilateral investment treaties (BIT) between States. These agreements contain provisions aiming to protect private investment of a state in another state. Ever since the signature of the first BIT between Pakistan and Germany in 1959, many states have joined in the conclusion of these international […]

Currency Devaluation! What is next?

The Egyptian economy has been going through many turbulences. The government has been trying to adopt different mechanism and tools to fix the economy, from promises with mega projects and foreign investments, to asking for loans and introducing the Value Added Tax (VAT). The ongoing currency devaluation is estimated to be 40% since the beginning […]

Impressions of Islamic Finance in India

In mid-March representatives of the Saudi-based Islamic Development Bank visited the Reserve Bank of India (RBI) to discuss allowing Islamic finance in India. This came ahead of Indian Prime Minister Narenda Modi’s visit to Saudi Arabia in April. These visits back and forth, combined with, according to the OECD, India performing best out of large […]

Examining Saudi’s Arabia Vision 2030

In medicine, 20/30 vision means that a patient sees from 20 meters away what a healthy person sees from 30 meters away. When analyzing the 12,000 word “Saudi Arabia’s Vision for 2030” (Vision 2030) announced to great fanfare by Deputy Crown Prince Muhammad Bin Salman (Muhammad Bin Salman) on 25 April, 2016, one ought to […]

An Update on Egyptian Rules for Trade, Industry, and Trademarks

On December 30th, 2015, the Minister of Trade and Industry issued Ministerial Decree No. 992 of 2015, regarding the Rules Organizing the Registration of the Factories Qualified to Export Products thereof to Egypt. This decree, which attempted to organize rules for qualified factories, stemmed from a desire to harmonize import, export, and trademark laws, which […]

Islamic Finance for Egyptian SMEs

At the beginning of February 2016, Al Baraka Bank Egypt announced its intent to launch two new branches dedicated to retail and SME banking this year. Near the end of the month, the same bank announced its plan to invest EGP 1 billion (USD 127 million) in Small and Medium Enterprises (SMEs). This report is […]

SAGIA Changes the Rules Again

On the heels on its online application platform, experimental “Special Track” service launched in the second half of 2015, and universal promises of feedback within five business days for applications lodged in 2016, the Saudi Arabian General Investment Authority (SAGIA), announced in mid-February that it intended to simplify its procedures even further. According to SAGIA, […]