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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

Jul-2019
Automatic Petroleum Pricing Me

On 5 July 2019, the Prime Minister issued decree No. 1558 of 2019[1] tasking the technical committee for

Jul-2019
FRA Amends NBFC Related Rules

The last ten days of the previous month saw the issuance of three amendments by the Financial Regulatory Authority (“FRA”) concerning non-bank

Jul-2019
Constitutional Court Law and J

On 26 June 2019, two laws were published[1] amending provisions in the Supreme Constitutional Court (“SCC

Jun-2019
Amendment Concerning the Servi

On 20 June 2019, the Egyptian Gazette published a decision by the board of directors of the Financial Regulatory Authority (“FRA”) that was ta

Jun-2019
FRA Issues Circular on Cashles

Following the issuance of the new Cashless Payments Law No. 18 of 2019 (the “Law”) two months ago,[1

Jun-2019
GAFI’s Decision on the Electro

The General Authority for Investment and Free Zones (“GAFI”) has recently issued its decision No. 624 of 2019 mandating that companie

Jun-2019
CBE Pilots its Fintech Regulat

This month witnesses the launching by the Central Bank of Egypt (“CBE”) of a pilot program in the field of financial technology (“fintech”) to

Jun-2019
Amendment of Real Estate Valua

Dated 9 June 2019, a decision by the Prime Minister was published amending the executive regulations of the Capital Market Law in relation to

Jun-2019
New Law Regulating the Federat

On 28 May 2019, a new law was published regulating the Federation of Egyptian Industries and the Industrial Chambers that it comprises. Law No

Jun-2019
GAFI Issues Templates for Inve

Last month, the General Authority for Investment and Free Zones (“GAFI”) published two decisions on its website that concern business entities

Jun-2019
Amendment to the Formation of

The Financial Regulation Authority (“FRA”) recently issued its Board of Directors Decision No. 58 of 2019 amending Article 1(1) of its previou

Jun-2019
Competition Authority’s Statem

The Egyptian Competition Authority (“ECA”) made headlines last week for sending a Statement of Infringement to two on-demand delivery companie