Egypt Legal Update
The Reorganization of Export Councils
"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
Jun-2022
Government Promulgates Executi
On 23 May 2016, the Ministry of Electricity issued the Executive Regulations for the Electricity Law No. 87 of 2015.
Presidential Decree Approves a
On 19 May 2016, the Egyptian Gazette published Presidential Decree No. 484 for the Year 2015 to approve the agreement signed on 19 November 20
Presidency Excludes Suez Canal
President of Egypt issued a decree excluding the Suez Canal Special Economic Zone (“SCZ”) from the scope of application of the Law fo
Transitional Provisions for EA
The Ministry of Investment issued a decision whereby it added Standard No. 46 to the amended Egyptian Accounting Standards (“EAS”).
Constitutional Court Upholds “
The Egyptian Supreme Constitutional Court (“SCC”) endorsed the constitutionality of Article 19 of the General Sales Tax Law No. 11 of
Assigning of Lands Adjacent to
A recent presidential decree assigned desert lands located 2 Km deep on both sides of some of the new roads to the Ministry of Defense (“Decre
Central Bank: Credit Facilitie
On 6 January 2016, in an important step for the banking sector and other businesses, the Board of Directors of the Central Bank of Egypt (“
Egypt Issues the "Belady" Savi
On 29 February 2016, both the Minister of Immigration and Expatriate Affairs and Central Bank of Egypt ("CBE") have announced the iss
House of Representatives in Se
The election of the House of Representatives (Parliament) constitutes an important event due to the role it plays in complementing the constit
CBE Sets Maximum Tenure for a
The Central Bank of Egypt’s ("CBE") Board of Directors issued a decision on 23 March 2016 that prohibits extending the tenure of a ba
CBE’s Further Clarifications R
In early 2016, the Central Bank of Egypt ("CBE") issued a circular to offer additional means of credit for individuals and owners of
Court Annuls CBE’s Decision to
A recent decision by the Administrative Court annulled the decision of the Central Bank of Egypt (“CBE”) to set a maximum amount of nine years