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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

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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

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

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

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

New Regulations for Investment

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

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

EGX Statement with Short Selli

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

Prime Ministerial Decree Recon

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

FRA Further Regulates Sukuk Is

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

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

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

GAFI Circular with Rules for C

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