UAE
February 13, 2000
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
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,
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
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
General Data Profile Population 68 million (1999) Religions 92% Muslim; 8% Other Government Presidential/ Parliamentarian Republic Langu
Legal Analysis General A large part of the laws of Bahrain are based on published statutes, which derive from the Shar’ia (religious law). The Contract Law and Civil Wrongs Ordinance are based on
Business Climate Bahrain is seeking to privatize its Hidd power and water complex. Two Bahraini banks bid for the facility and the winner will enter into partnership with an international developer
Current Economic State Bahrain is the smallest oil producer in the Gulf and the poorest in terms of hydrocarbon resources. It produces roughly 40,000 barrels per day from its own fields and receive
Current Economic State Bahrain is the smallest oil producer in the Gulf and the poorest in terms of hydrocarbon resources. It produces roughly 40,000 barrels per day from its own fields and receive
General Data Profile Population 0.63 million (1999) Religions 85% Muslim; 15% Christians, Jews, Bahais, Hindus and Zoroastrians Government Emirate, limited monarchy Languages Arabic (En
General Data Profile Population 0.63 million (1999) Religions 85% Muslim; 15% Christians, Jews, Bahais, Hindus and Zoroastrians Government Emirate, limited monarchy Languages Arabic (En
Legal Analysis Banking System The country's banking system includes the Central Bank (Banque d'Algerie), six state-owned banks, one public development bank, and one private bank. An Islamic Bank i
Business Climate Distribution and Sales Channels Algeria's well-developed distribution system includes an extensive network of wholesale and retail outlets, most of which are controlled by privat
Current Economic State Amidst the bloodshed that has plagued this North-African nation since the early 1990s, Algeria, with IMF and World Bank support, has taken impressive steps in implementing a s
GENERAL DATA Population 31 million (1999) GDP ($bn) 47.1 Religions 99% Sunni Muslim Government Republic Languages Arabic (official), French, Berber Work Week Saturday - Wednesday Banks an