Egypt's new investment law

Article Abstract:

Egypt introduced an investment law called the Investment Incentives and Guarantees Law which seeks to create a better investment climate in the country. The law, which was signed by President Hosni Mubarak on May 11, 1997, contains provisions that give better incentives to investors and is expected to accelerate the urbanization of Egypt. The law terminates all but part 3 of article 20 of Investment Law 230 of 1989 which allows employees to receive money based on an annual distribution of not less than 10% of profits made by employers. Some of the provisions of the law includes assurance against discrimination and illegal confiscation.

Foreign Investment Regulations, Foreign investments, Laws, regulations and rules, Egypt, Foreign investment laws, Incentives (Business)

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Foreign investor interest growing as Jordan makes steady progress on privatization, economic reform

Article Abstract:

Jordan's economic reforms, especially its efforts at privatization, are finally bearing fruit. Foreign investors interest in the Hashemite Kingdom's increasingly transparent economy has been enhanced with the full privatization of the Aqaba Railway and the partial privatization of the Jordan Cement Co. Foreign investors have been allowed to partially or fully own investment projects and they have been permitted to acquire listed shares at the Amman financial market.

Economic development, Privatization, Privatization (Business)

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Jordan: Aqaba Special Economic Zone (ASEZ) taking shape

Article Abstract:

The Aqaba Special Economic Zone (ASEZ) was launched in Jordan in February 2001. With a low-tariff regime and spanning the coastline between the Israeli and Saudi Arabian borders, ASEZ has been designed to create a regional centre for trade and tourism which will attract external investment.

Jordan, Foreign Trade Zones, Planning, Middle East, International trade, Ports, Economic zoning, Aqaba, Jordan

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