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

Jan-2020
ECA’s Decision Regarding Uber

The decision issued by the Egyptian Competition Authority (“ECA”) with respect to the conditions for merging the activities of Uber and Careem

Jan-2020
A Set of Prime Ministerial Dec

Following the last cabinet reshuffle that included transferring the supervision over the Ministry of Investment and the General Authority for

Jan-2020
New Law Increases Penalties fo

Last year ended with the issuance of Law No. 164 of 2019 (the “2019 Law”)[1] that intensified the penalti

Dec-2019
The Stock Exchange Issues New

Last week, the Egyptian Stock Exchange (“EGX”) issued new executive procedures for the registration and execution of private and public offeri

Dec-2019
Central Bank Initiatives to Su

On 12 December 2019, the Central Bank of Egypt (“CBE”) announced two initiatives, the first to support industrial projects in view of their im

Dec-2019
Prime Ministerial Decree Speci

On 18 December 2019, Prime Ministerial Decree No. 3099 of 2019 was published in the Official Gazette, regulating the cases in which Egyptian c

Dec-2019
Amendments to the Executive Re

On 27 November 2019, the Prime Minister issued a decision amending the executive regulations (the “ER”) of the Anti-Money Laundering Law No. 8

Dec-2019
Investment Companies Allowed t

On 10 December 2019, the Egyptian Gazette published the Financial Regulatory Authority (“FRA”) Decision No. 160 of 2019

Dec-2019
Two Ministry of Finance Decisi

On 27 November 2019, two decisions were published by the Ministry of Finance (“MoF”) amending the executive regulations (“ER”) of the Value Ad

Dec-2019
FRA’s Regulations on Nano-Fina

A recent decision by the Financial Regulatory Authority (“FRA”) introduced a new product in the microfinancing sector in Egypt. In specific, F

Nov-2019
New and Flawed System for Calc

On 6 November 2018, Prime Ministerial Decree No. 2731 of 2019 (the “Decree”)[1] was published in the Offi

Nov-2019
Reduced Service Fees for the O

The board of directors of the Financial Regulatory Authority (“FRA”) recently issued its decision No. 141 of 2019 to lower the service fees fo