In the past four years Egypt faced a critical issue in the electricity sector and in May 2014 the shortfall reached 58% from the total production. The shortage in the electricity sector had its impact on homes, factories and businesses in the country.
By: Sara A. Ahmed,LL.B, LL.M. Although Egypt is not one of the OPEC countries, it is yet considered the sixth largest oil producer in Africa. In 1908, Egypt discovered the first oil reservoir; in 2015 Egypt has witnessed the largest gas discovery in its history equaling to 30 trillion
Recent decades have witnessed a fast expansion, integration and sprint development of the global cyberspace. Internet has not been introduced and used for leisure and entertainment purposes only, but rather it has become a global market place
As the world is becoming more interconnected in all realms, business and commerce have intensively grown into a global marketplace, where transactions happen across borders involving several parties and multiple countries i.e. jurisdictions. Therefore, a very practical question normally arises, which jurisdiction governs the contract?
The process of acquiring a work permit in Egypt can be complicated, but most foreigners must have secured a job long before arriving to Egypt and their employer has to take care of the bulk of the paperwork involved in applying for a work permit. The process can take up to six months.
With the acceleration of globalization over the past few decades and its economic, political and cultural consequences; when the global world has become massively interconnected, the legal landscape and its frameworks, as well as practice and points of focus have been changing.
Egypt in its accelerated movement towards economic reform has been emphasizing the importance of real estate development projects and large scale projects in order to restore the market and economy after its decline post Revolution of 2011.