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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

May-2019
GAFI’s Guide on the Committees

On 15 May 2019, the General Authority for Investment and Free Zones (“GAFI”) published its Decision No. 525 of 2019 on its website, issuing a

May-2019
CBE Instructions to Consider B

Dated 26 May 2019, the Central Bank of Egypt (“CBE”) issued new instructions to Egyptian banks regarding the mandatory minimum portion of thei

May-2019
Following Income Tax Law Amend

On 16 May 2019, the Ministry of Finance (“MoF”) issued a decision amending the Executive Regulations of the Income Tax Law No. 91 of 2005 (“IT

May-2019
Several GAFI Circulars and Dec

Continuing in the trend of publishing procedural rules and guidelines for companies and investors, the General Authority for Investment and Fr

May-2019
New Regulations for Investment

Owing to months of much deliberation and preparation, the Regulations for Investment Zones (the “IZ Regulations”)

May-2019
Clarifications on Free-Zone Fe

The last days of the past month coincided with two clarifications undertaken by the General Authority for Investment and Free Zones (“GAFI”) r

May-2019
EGX Statement with Short Selli

On 15 May 2019, the Egyptian Exchange (“EGX”) issued a statement[1] announcing the criteria for the selec

May-2019
Prime Ministerial Decree Recon

Since its ratification of the United Nations Climate Change Framework Agreement,[1] Egypt has assigned re

May-2019
FRA Further Regulates Sukuk Is

Last month, the Financial Regulatory Authority (“FRA”) published its board of directors’ decision No. 50 of 2019 (the “Decision”)

May-2019
Amendment to the Fine for Fail

The Ministry of Finance recently issued two consecutive decisions (No. 305 of 2019, and 312 of 2019) that have bearing on a previous regulatio

May-2019
FRA Licensing Specifications f

The Financial Regulatory Authority (“FRA”) published its board of directors’ decision No. 53 of 2019 (the “Decision”) on its website through w

May-2019
GAFI Circular with Rules for C

The General Authority for Investment and Free Zones (“GAFI”) recently published Circular No. 30 of 2019 (the “Circular”)