Egypt prepares to tackle seasonal air pollution in Nile Delta    Egypt's Sports Minister unveils national youth and sports strategy for 2025-2032    27 Western countries issue joint call for unimpeded aid access to Gaza    Egypt, Jordan to activate MOUs in health, industrial zones, SMEs    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt, Uganda sign cooperation deals on water, agriculture, investment    Egypt–Jordan trade hits $1 billion in 2024: ministry report    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egyptian pound closes high vs. USD on Tuesday – CBE    Edita Food Industries Sees 72% Profit Jump in Q2 2025, Revenue Hits EGP 5 Billion    Egypt, Colombia discuss medical support for Palestinians injured in Gaza    Australia to recognise Palestinian state in September, New Zealand to decide    Trump orders homeless out of DC, deploys federal agents and prepares National Guard    Egypt, Germany FMs discuss Gaza escalation, humanitarian crisis    Egypt, Huawei explore healthcare digital transformation cooperation    Global matcha market to surpass $7bn by 2030: Nutrition expert    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Oil rises on Wednesday    Egypt, Uganda strengthen water cooperation, address Nile governance    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Egypt, Malawi explore pharmaceutical cooperation, export opportunities    Korean Cultural Centre in Cairo launches folk painting workshop    Egyptian Journalist Mohamed Abdel Galil Joins Golden Globe Voting Committee    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt's president ratifies investment and civil services laws
The investment law is designed to encourage businesses to invest in Egypt by guaranteeing their rights in the wake of political instability following the 2011 uprising
Published in Ahram Online on 12 - 03 - 2015

Egypt's president ratified the new investment and civil services laws on Thursday ahead of the country's much anticipated Economic Development Conference, according to state-owned news agency MENA.
Egypt is preparing for a conference set for Friday aiming to bring back investors to an economy battered by four years of political upheaval in the aftermath of the 2011 uprising.
In the months ahead of the conference the government has undertaken a series of fiscal and legal reforms aimed at improving the investment environment.
The investment law seeks to facilitate investment procedures for companies, guarantee their rights, and offer incentives to bolster the case for business in areas of national interest.
It also makes provisions for voluntary liquidation, setting a clear deadline of 120 days for the government to process the applicant's request, according to a statement released by the prime minister's office outlining the contents of the amendments.
The civil services law aims to reform Egypt's administrative apparatus tackling issues of hiring and wages in government institutions. The draft in the ministry of planning website shows that basic salaries will contribute to 80 percent of wages and that promotions would depend on performance as opposed to seniority.
Egypt's President Abdel-Fattah El-Sisi holds legislative powers until an elected parliament convenes.
Egypt has been without a parliament since the house of representatives elected in late 2011 was dissolved in June 2012, following a court ruling that judged the law regulating its election to be unconstitutional.
Earlier this month, Egypt's administrative court ordered a halt to all preparations for parliamentary elections previously scheduled to start on 21 March, in accordance with Sunday's Supreme Constitutional Court decision, which deemed part of the electoral laws to be unconstitutional.
http://english.ahram.org.eg/News/125107.aspx


Clic here to read the story from its source.