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

Nov-2019
CBE Circular with Further Regu

On 13 October 2019, the Central Bank of Egypt (“CBE”) issued a circular with further regulations for banks to follow when offering credit faci

Nov-2019
Minister of Education Issues U

On 24 October 2019, the Egyptian Gazette published Minister of Education Decision No. 183 of 2019 (the “Decision”)

Nov-2019
CBE Instructions to Banks on E

On 13 October 2019, the Central Bank of Egypt (“CBE”) issued new instructions to banks in its Board of Directors meeting that took place on 9

Nov-2019
Ministry of Finance Clarifies

A Ministry of Finance decision dated 14 October 2019 (the “Decision”)[1] was issued containing the rules

Oct-2019
Presidential Decree Forming a

On 10 October 2019, Presidential Decree No. 526 of 2019 (the “Decree”)[1] was published in the Official G

Oct-2019
Amendment of the Income Tax La

On 13 October 2019, the Ministry of Finance issued decision No. 643 of 2019 (the “Decision”)[1] amending

Oct-2019
Addition of the ‘Purchase and

On 13 October 2019, the Ministry of Trade and Industry Decision No. 827 of 2019 (the “Decision”)[1] was p

Oct-2019
FRA’s Regulations Regarding Lo

The Board of Directors of the Financial Regulatory Authority (“FRA”) recently issued its Decision No. 127 of 2019 (the “Decision”)

Oct-2019
The Establishment of Various I

On 2 October 2019, a set of nineteen Prime Ministerial decrees were published in the Official Gazette, establishing various industrial chamber

Oct-2019
A New Law for Licensing Public

One of the most important laws affecting economic and commercial activity – especially for small and medium enterprises – was recently publish

Oct-2019
FRA Board Extends the Grace Pe

On 29 September 2019, the Board of Directors of the Financial Regulatory Authority (“FRA”) issued Decision No. 129 of 2019,

Oct-2019
FAQ Booklet Related to the Law

Last month, the Ministry of Housing, Utilities, and Urban Communities issued a booklet elucidating Law No. 17 of 2019 on the Settlement of Bui