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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