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
Amendment to the Egyptian Depo
The Egyptian Financial Supervisory Authority ("EFSA") has issued an amendment to the 2010 rules governing Egyptian Depository Receipt
Solar Energy Committee Appoint
The Prime Minister issued last week Decree No. 1788 for the year 2016[1] which mandated adding the Minist
Ministry of Trade and Industry
The Ministry of Trade and Industry issued two decrees regulating imports into the Egyptian market. The decrees manifest the Egyptian governmen
Allowing Public Legal Persons
Towards the end of 2015, the President issued a new decree-law that allows public law juridical persons to establish joint-stock companies (th
New Amendments to the Executiv
The Ministry of Finance has issued a new amendment to the executive regulations of the Real Estate Tax Law issued by Ministerial Decree No. 49
Cancellation of Cash Deposit a
On 8 March 2016, the Central Bank of Egypt ("CBE") has issued a decision to cancel maximum cash deposit and withdrawal limits of fore
CBE Amends Mortgage Initiative
In February 2016, the Central Bank of Egypt ("CBE") issued a decision to amend its "Mortgage Finance Initiative" for low- and middle-
CBE Defers Tourism Debts
On 23 February 2016, the Central Bank of Egypt (“CBE”) announced that it will support the deferral of debts owed by companies working
Amendment of the Rules and Reg
In its meeting on 2 March 2016, the board of directors of the Central Bank of Egypt (“CBE”) issued resolution number 501/2016 amendin
CBE Initiative to Offer Medium
On 22 February 2016, the Central Bank of Egypt launched an initiative that offers medium and long term lending to medium-sized enterprises in
New Industries Allowed to Use
On 28 February, the Prime Minister issued a decree which amended the Executive Regulations of the Environment Law to allow new industries to u
Large Land Areas Allotted for
A recent Presidential Decree has assigned vast stretches of land (approximately 4.5 million feddans, which is equivalent to about 18900 square