UAE

February 13, 2000

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© 2000 Mena Report (www.menareport.com)

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General Data    Population 5.4 million (1999)  Religions 99% Sunni Muslim; 100,000 Christians (Greek Orthodox, Armenian and Catholic)  Government Constitutional Monarchy  Languages Arabic (Engl

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Banking and Currency  Foreign Currency Control  Israel abolished most of its remaining foreign exchange control in 1998, except for restrictions placed upon Israeli institutional investors' holdings o

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Companies Law  A foreign person or enterprise can operate in Israel through several types of business entities. Of primary importance are corporations and partnerships.  Furthermore, except in unique

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Judiciary  A basic understanding of Egyptian law requires some knowledge of the origin and basis of Egyptian jurisprudence. Egyptian legislation can be traced to three major sources: Napoleonic Code,

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Privatization  Two significant problems with the Israeli economy are the amount of funds earmarked for defense (20 cents of every dollar are spent on weaponry and preparedness) and government ownershi

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Israel is an economic anomaly in the Middle East. It has perhaps the least amount of hydrocarbon resources and the still the highest per capita GDP. But what the country lack in oil and petroleum, it

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 General Data   Profile   Population 6.1 million (1999)  Religions 82% Jewish; 14% Muslim; 3% Christian; 1% Druze and other  Government Parliamentary Democracy  Languages Hebrew, Arabic (English

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Investment Law  On May 11, 1997, Egypt's new Investment Incentives and Guarantees Law (Law No. 8 of 1997), which repeals and replaces Investment Law No. 230 of 1989, was legislated. The new law aims

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Banking and Currency  Foreign Currency Control  In February 1991, Egypt removed most foreign exchange controls, allowing rates to reflect market forces. Soon thereafter, Egypt fully unified its two-ti

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Companies Law  Investors interested in establishing businesses in Egypt are subject to four laws: Corporate Law No. 159 of 1981; Investment Law No. 8 of 1997; New Communities Law No. 59 of 1979; and t

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Judiciary  A basic understanding of Egyptian law requires some knowledge of the origin and basis of Egyptian jurisprudence. Egyptian legislation can be traced to three major sources: Napoleonic Code,

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Privatization  The Egyptian government made a formal commitment to privatization in the early 1990s and announced a plan for the divestiture of 125 public enterprises over the following five years. T

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During the fiscal year 1998-99, Egypt met its goal of maintaining a deficit of around 1 percent of GDP. The current deficit, for the year ending June 30, 2000, was budgeted at 1 percent of GDP, but mi