Egypt Legal Update

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Egypt Legal Update

The Ministry of Trade and Industry issued last week two decisions pertaining to Export Councils. The first decision organizes the legal and administrative structure of Export Councils in general while the second decision recomposes the board of directors of a number of key Councils. This

Mar-2020
Regulations for Existing Proje

On 18 February 2020, the Council of Ministers Decision No. 6 of 2020[1] was published in the Official Gaz

Mar-2020
The Reorganization of the Gran

On 12 February 2020, Law No. 9 of 2020 (the “Law”) was issued to reorganize the long-awaited Grand Egyptian Museum (“GEM”), which is set to op

Mar-2020
Formation of the Technical Sec

On 16 April 2019, the Prime Minister issued a decree amending the rules governing the Technical Secretariat of the Supreme Committee for Advis

Mar-2020
Executive Regulations of the M

On 16 February 2020, the Executive Regulations (the “ER”)[1] of the most recent Media Law was published,

Feb-2020
CBE Increases Cap on Mortgage

Amidst circulating news of the activation of the mortgage finance initiative for middle-income individuals in March 2020,

Feb-2020
FRA Amends Disclosure Requirem

Last month, the Financial Regulatory Authority (“FRA”) amended yet again the rules for listing and delisting of securities on the Egyptian Sto

Feb-2020
FRA Further Amends its Microin

The board of the Financial Regulatory Authority (“FRA”) recently amended the regulations and templates for standard collective microinsurance

Jan-2020
Further Amendments to Who May

Following an amendment in December of last year to the requirements for licensing banks and certain non-banking financial companies (“NBFCs”)

Jan-2020
Recent Changes in the Institut

On 23 January 2020, the Prime Minister issued decree No. 193 of 2020 detailing the competencies of the Ministry of Planning and Economic Devel

Jan-2020
The Central Bank Amends Its In

The Central Bank of Egypt (“CBE”) issued a recent circular through which it amended its initiative in support of non-performing companies (the

Jan-2020
A Slight Amendment to the Comm

Under the framework of the economic reform program that was adopted at the end of 2016, a Prime Ministerial decree was issued more than a year

Jan-2020
CBE Revisits Its Tourism-Relat

The Central Bank of Egypt (“CBE”) recently published three circulars targeting the bolstering of the tourism sector in Egypt given its integra